Crypto
Crypto
7 years ago in #bitcoin by inventor16 (64)
$42.92
- Past Payouts $42.92, 0.00 TRX
- - Author $40.39, 0.00 TRX
- - Curators $2.54, 0.00 TRX
Crypto
Crypto
Crypto
wow $42 and only 5 votes
$41 and only 1 vote, congrats on the first comment.
WOW I can't believe!
I'm still reading your article but first of all i would like to say thankyou once more fore voting up my meme @jerrybanfield post you rock!
i will post when finish reading it !
Is this a prime example of the legendary whale balls I've been hearing about? Damn $41 vote, that's unreal.
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I don't see myself as a whale, I'm only in the top ~1%. So 1 out of 100 recent active users, not that whalish imo, lol. Stats taken from steemd.com and click on distribution.
I guess it does make me a superhero tho, hahaha.
well, everytime you vote up one of us being touched as the Steemit Midas angel
Great Post this is! ;)
Those are GOD levels ... shesh! 😂
Hey What's up my Vegas bro ;)
Just waiting for tons of STEEMIAN Gods to come to Las Vegas and have a steemit party fest... 😂😂😂... @kevinwong where you at? LOL... apppreshh the upvote, that's like 1 drink here in Vegas 😩🍸
Yeah man, lets have a steemit party here in Vegas.
Now You have enough money for 2 drinks haha.
Wooo Hooo... enough for 2 drinks and a tip 🥃🍸💵 🤣 ... we might have to do @jerrybanfield meetup in AUG and put Vegas on hold for 2018 lol
P.S. never seen that chart before, give me a week, I'll hit that hero spot at least, I felt unworthy the last couple weeks 😂
So that would mean that there are people on Steemit who could upvote with hundreds of dollars. Beyond comprehension. Your upvote got me from dust, halfway to user HAHA. Well, I guess that if you have the guts to invest so much money in one asset you deserve this kind of power. But yeah, Steem is my best bet for crypto too!
@inventor16 you're right I have been thinking the same thing lately all the crazy excitement and interest is making it ripe for a panic with exchanges holding funds and a huge selloff. I am doing the same with having minimal amounts on exchanges and holding most on Steem as well with continually cashing out now my SBD to Coinbase while planning to hold the Steem Power indefinitely! Coinbase has crashed several times even with fairly minor things and if there is anything major none of the exchanges can be counted on to keep up with the volume! Poloniex can barely handle a normal day!
@jerrybanfield lol, yeah man. I'm with you man, I'm buying, powering up and holding steem for a long long time. I love how it takes 3 months to power down to avoid me from pulling it out when I know I just need to keep it there.
all this things are bitter sweet, panic attacks after exchanges frozen because of the increasing volume... panic everywhere.. surely, everyone should keep their crptos at cold/hard wallets... buy it at the exchange, store it, stop, grab popcorns and watch... watch the volume rising...
and ofc watch @jerrybanfield (HOW DO YOU KNOW ITS KOREAN - best one :)) and suppoman udemy
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. 👍
So right, it's a good idea to prepare for the worse, it doesn't take that much time to do it, positive post! 🙌🏼
Exchanges can easily get hacked, freeze your accounts, remove coins and do whatever they want with your money. It's good to move funds to wallets where you control your private keys like Jaxx, Counterwallet, Electrum and similar. Even better to keep them on hardware wallets. It's a pitty that we still don't have a good safe multi currency wallet, hopefully Jaxx will add more coins soon.
However, even Jaxx is not 100% safe, there has been a report about stolen funds recently.
Only keep the amount you trade with on exchanges, the coins you plan to keep for long term holding should be moved somewhere else.
I agree brother.
Interesting point tou have made and I am planning to store half of my long term coins like bitcoin ethereum and stratis in my Ledger Nano S that I received yesterday.
About unregulation of crypro market I must say thst this is the thing that attracts most of us. Its decentralized nature that no government is controlling our money.
I agree with the part about unregulation being one of the perks of crypto. But it's not really possible to avoid regulation. Think of it like this as long as people live in the US, they have to pay US taxes and use USD to purchase things. So really no way to avoid it completely. And if you're going to put a large part of your digital assets in an coin index fund for example, it's best to wait until they are regulated. That would be for someone who wanted to invest in a diversified coin index fund or store a large amount on an exchange like coinbase or any of the other ones.
Nice point you made about putting large amount only to regulated assets. I am just putting small amounts in coins with very low price and they will give good returns. Idea is to recover double of my seed money in few months and then holding the rest for long term.
@cryptokraze that's not a bad strategy, for me personally I'm just too lazy to manage so many wallets, I really only like to be invested in 3-5 coins at once. For now I'm ALL IN on steem, until something else pops up that I like.
I am also very lazy but Now I am super active and posting chart analysis on regular basis and doing day trading as well.
I am also believing more and more everyday in Steem and planing to power up few BTCs daily, I think it has a great potential and what it needs is more people to know about it and advertise it to their fans.
The concept is great, it just needs more marketing so people who are also not into crypto will know about it.
I agree with you, and believe we are approaching an altcoin black friday soon, it is best to just have some liquid cash and snatch some cheap deals
First off, I love the Wild Wild West reference!
I agree that the government would love to regulate digital currencies but Im not sure how they would other than black list exchange sites but a lot of people are believers in digital currencies and I dont think that would stop such a talented and creative community :)
I also love your advice to other about keeping your digital assets safe! I am a firm believer of telling others NOT to put more than 20% of their digital assets on an exchange! you really never know what could happen!
Thank you for your post! I look forward to more content :)