My Crypto Journey and thoughts on Investing.

in #investing7 years ago

How many of us have thought "had I just invested in Apple, Amazon, Microsoft, Netflix, Facebook, etc. and just held for the long run, I would have made so much money!"

My entire life I've wanted to make my money work for me. I think this is the beginning of a great time for us all. The mere fact that you are on Steemit, tells me you're aware of this trend we are seeing towards something big!

Cryptocurrency, blockchain, Artificial Intelligence, and the internet of things! These are all emerging technologies that will disrupt entire industries, but how do we make money??

You can become a contact provider for a site like Steemit, or maybe you can dump your life savings in bitcoin. Perhaps you can buy a bunch of alt coins and wait for one to make it big. The truth is, there is tons of potential, but you have to be careful not to let the hype overwhelm you.

I think my strategy is to invest only what I am willing to lose. Do independent research on all cryptocurrencies that you wish to invest in. This means read the WHITE PAPER first, then go to Steemit, reddit, youtube, etc. for second opinions and see what the community is saying about each one.

Another helpful tip is find like minded people. Join local meet ups, get your friends interested, the more minds you have working together the easier it is to find information and learn.

Read books too. Depending on how new you are to the community. The first book I read that really opened my eyes, believe it or not, was "Blockchain for Dummies".

Realize though, you won't become an expert overnight. If it's hard at first don't be discouraged. If this is something that interests you, keep at it.

P.S. Something I think is really cool is ETF's that track these industries. For long term investing, I'd recommend looking into Artificial Intelligence and Fintech ETF's. These industries will be the future!

Sort:  

Throwing a 100% upvote your way (not worth a lot at the moment) your way for the sound advice you are giving people here. Thank you. We need more articles like this than the plethora of "invest! invest NOW!" articles that populate the Internet.

Thank you Triverse. Much Appreciated!

You are very welcome. Keep bringing articles like this to #Steemit and people like me will support you.

Followed you too. Welcome to Steemit by the way.

Congratulations @vchinchilla92! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post
You made your First Vote
You made your First Comment
You got a First Vote
You got a First Reply

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 62007.73
ETH 2389.39
USDT 1.00
SBD 2.49