Notice to my viewers - Sold 1/2 my STEEM for Diversifying
Notice to my viewers: After riding STEEM up from $0.95 to $4.00 in 3 weeks time, I sold 1/2 my position. I believe STEEM should continue higher in 2018, but my sale is mainly to stay diversified and hedge against any market downturn which could occur as US tax sales happen in January 2018.
300% profit in 3 weeks!
If you're holding one of the other coins I have liked, be cautious of a market down-turn. Long-term (8 to 12 months) it should not matter if you are holding, EOS, ETH, DASH, NAV, ect. Whether B2X fork is a big enough event to matter or not, I am unsure, and in either case, by the time we are into January, that event will be behind us with many people sitting in profits.
Definitely agree with this. I'm not selling any of my LT holds, but I am getting fiat ready for lower buy points. BTC is falling like a rock right now and while the alts have stayed resilient I'm not certain they'll be able to keep it up for much longer (unless there has been a true decoupling which I'd be skeptical of at this point).
I bought some BCH as a hedge in case exchanges do to start to pair it up, too.
Oh Ted, I love you like a Brother, but mate... when you are on a winner in the very early stages - you buy, then you buy some more, then if the price goes down... you buy some more.
It will be years before Steem reaches it full potential - which is GIGANTIC! Why risk a 1,000% return, for the sake of a 30% pullback?
You have been selling down your Steem holdings for a while now - betting you would be well ahead now if you had simply held and accumulated (EOS dramas aside).
BTW - STEEMCHURCH recognises you as our 'Cryptocurrency Cleric.' If it pleases - please post to #steemchurch - we will be watching for you there.
SirKnight!
No I agree, that's why I still own 50%. Having all your eggs in one basket is a bad investment strategy. Doesn't matter how decent the investment is. Steem should be much higher next year and I am looking forward to it.
It's all about risk management. A smaller, but safer profit is sometimes preferable to huge returns - huge risk scenario. Keep in mind, he's talking about 300% profit(!!). I'm having a hard time thinking of other investements outside the crypto space that offer those kind of returns.
Great update. Thank you for the information. When you sell, are you keeping it in BTC or cashing it out and waiting for a time to buy back in? Thanks for all you do. Peace and Love from Chicago
USDT ... if I want to be safe, coinbase lets us hold USD actual these days. I don't hold BTC as a hedge because it crashes with everything else.
Thank you for always replying. Not many stand up guys like you around. God Bless
why are you bullish on BTC...have you seen this video?
BTC fundementals are bad, but BTC goes up anyway. BTC fundementals have been bad since 2015 when it traded for $200. But the market doesn't care about fundementals so long as transactions are processed. It does this well enough by charging $15+ to do it. If it's $100 per transaction, it'll still work in the end. It may eventually compete with other coins when it gets that bad. Will be much higher in value then.
It's like a newbie mistake to think BTC fundamentals matter, I used to fall for this over and over again. Then I learned it generally wont matter until the market can no longer afford to pay $100 per transaction.
i cant afford to pay $10 per transaction hahahaha. $10= 180 pesos argentinos :( I think the high demand has saturated the network. Its a different situation that when it was at 200, they have approached the scaling issue the wrong way, if they did. My bets are on dash and bitcoin cash right now. The market is irrational in that sense, if it keeps that way it would be cheaper to make bank transfers. ;)
Yes but why would you want to do lots of transactions ? I have bought and sold BTC but why would I want to send it ? I exchange it for ETH mostly and send that - I tried LTC but ETH has proven to be cheaper and faster so far, costs next to nothing, everybody uses it and the longest wait has so far been 20 minutes, which is bearable.
This guy is heavily invested in BCH, he's been paying other youtubers to propagate it (like 'we are change') - if you want to trust him, first watch his body language and facials.
Definitely not a con man !
Don't get me wrong - BCH is great, why wouldn't we be excited to see the entire market crash for the sake of having another altcoin that does stuff marginally better than bitcoin ?
Who wouldn't sacrifice the chance of adding another 20% to their earnings before Christmas, in a word, who wouldn't want to pay a lot of money to have such a coin around ?
These folks are just making money with manipulating the market.
I go out of Bitcoin at 17500, fiat it is, and I will be watching for awhile...
The one thing I certainly won't put money into being BCH, for the simple fact that it's not so much better than the original anyway, and I hate manipulation attempts by a couple of sleazy c-movie characters.
The bitcoin brand has been damaged beyond repair, so we can all look forward to investing in decisively more sensible altcoins, preferably those with decentralized exchanges, in the upcoming year.
Hello, I just wanted to leave a suggestion for you, because I am usually reminded about steemit at the very end of your video (and wouldn't mind watching it entirely on steemit, especially if it brings you profit), thus I think, you could consider maybe making a small logo of steemit at the start of your videos, or something like "also available on steemit", just as a reminder for people, whom wish to support you, that they can watch it there :)
Great videos, I really enjoy them, keep it up!
David
Good point.
yeah, I was thinking to get some profit but then i heard steem is going to 20$ so hmm, waiting a bit :)
It'll get there.
Hey @crypto-investor! I have been watching your videos for about a month and really enjoy the quality of content that you publish and the honesty and ethics you display.
I have some questions:
Having very little money (30€ - 50€) to invest per month but wanting to participate in some manner in the market, do you think that I should spread it thinly by altcoins? If so do you think that I should only diversify when I reach a minimum deposit (ex: 200€)?
Or should I buy bitcoin and hodl?
Cheers and Keep up with your amazing work!
If your income is much higher than 50E a month, then I would play it riskier. Ideally you want to hit better than 100x on a small investment like that. In theory, we can still get 1,000x gains in crypto if we go way down the list. Check this one out: https://coinmarketcap.com/currencies/wyvern/ I own 20,000 WYV coin.
This is a good dice roll because if WYV ever gets to 40 million market cap, I will have done about 100x on a small investment.
If you are not looking to dice roll do research and buy only those coins which will be major players 5 years from now. BTC and EOS has the best potential... also Ripple, ETH, DASH, NAV, STEEM. Maybe some other projects. Regular "play it safe" crypto can still do 100x. I think BTC should hit 1 mil each if it doesn't get derailed by mis-management. May take a while but I can see it happening.
Look into Unikrn Gold also, they are doing a fantastic job cornering the crypto esports market and have built a great platform for eSports wagering and item/skins trading.
https://unikoingold.com & more news on their discord channel.
Thank you for your response! I will buy-in some positions with fiat in this correction now and hodl most of it until I have more capital. I am very excited for eos and also bts as I think that, along with steam will be very adopted by the mainstream for the years to come.
Cheers!
wow that is very cool perfect time to sold great profit in eth dash i am still holding thanks for the updates
Tax sell of can also hit in January, it is something that will be done in one month, while other months can bring new retail investors. All bigger exchanges struggle to verify accounts. Those people will probably bring a new buying power into the market. Cheap promising coins will probably raise faster than very expensive ones, specially because of the new fiat pair that will be open in 2018. So all in all i dont see a 2018 as a bearish year but January can be. But who knows the future, I might be completely wrong.
what tax sales....regulations are expected, but where did you read that, can you share with us?.
What do you think about bitshares also....
in the US, we can delay paying taxes for 1 year if we sell in January instead of December.
bitshares is kind of pointless at this point in crypto, but it should still go up in the end with everything else. Most projects are pointless and go up anyway. NAV which I like, is technically pointless but I believe it will still keep going up so why not own it. Bitshares is kind of like this to me. Pointless but will probably keep going up.