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RE: How I turned $500 into $25,000, and will most likely turn that into millions and you can too. [aka Crypto101]
Steem tokens could pay out more than Bitcoin returns in 2 years since the platform is still infant in comparison. The bad thing about selling 1/3 of a coin is if you have a winning coin longterm you can be millionaire just buying $20K-$30K of ETH for example last December and waiting till Casper release. For example; An ETH ICO investor that put in just $10,000 was worth about 3 million when ETH touched $100. I am not saying don't take profits at some point but if you have a true winner don't sell it until it matures. Usually 3-7 yr. holds return the best. That's true in the VC world and remains true in early stage crypto investing.
I agree I was simply giving people some advice to spread thier risk and possible losses. It's always a crappy feeling when even your initial investment is taking losses and this helps combat that. People are encouraged to make thier own choices obviously though. I for example don't intend to powerdown anytime soon.
That's true. Also selling your initial investment can make people better hodlers to reap massive longer term multiples. It's tempting to cash out and sit on the beach though isn't? But that's the game is to get those huge multiples first before doing that ;-)
Hahahah screw a beach! I want my own Island with a Bitcoin/Steemit powered village!
I hear that. Hodling the right crypto investments for the right amount of time will buy the whole beach as the inevitable crypto/token adoption sweeps the world.
I can see it now... a craigslist post looking to buy an island.. we should call it Cryptonia lol
that's the journey, longer term outlook on all of these cryto's. My 2 cents , bitcoin has transaction issues so mass adoption is proving to be difficult. In my humble opinion coins like Ethereum, Litecoin, NEM, Ripple and Peercoin Offer better solutions for mass adoption. Steem is going to be a game changer industry revolutionary innovation, which I am also excited for