You are viewing a single comment's thread from:
RE: Is Black Friday of Crypto Coming and How to Prepare for it?
Hey @inventor16, you can safely take that part of Disclaimer away which says, you are not a crypto currency expert. 🙂
The advises you have provided are spot on and not many people I know have such in-depth knowledge.
First advise of putting your eggs in different basket holds great value for crypto currency.
Second advise of not making crypto currency investment primary is also quite true.
Keeping coins in the wallets with only you having private key is perfect.
All these points are very important to know before starting any type of investment in crypto currency.
That's why I would say, you can take that "not expert" away from the comment 🙂
Haha, thanks dude.
I'm kind of anti diversification when it comes to investing. But I'm diversified because I have other offline investments, real estate etc, I'm just ALL IN on Steem when it comes to crypto because I haven't found another project that has a working app that gets me excited yet, but that could change in the future as more dapps roll out.
That's right! Even I have been looking for a good app/site for crypto currency but couldn't find anything interesting. Steemit is the only one which is hell interesting and captivating. I have reduced my time on other social media (Facebook, Twitter, Instagram) drastically after finding this site. So, your going ALL IN on STEEM is justified. I guess we are on a same boat! 🙂
And yes, your diversification of investment also sounds like perfect. Crypto with offline investment and real estate is cool. Crypto does have tremendous returns but it comes with very high risk factors too. So, offline investments and real estate is good choice to maintain the balance. 👍