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RE: Today I bought my first Ethereum, tomorrow Litecoin....Is it good to diversify with Crypto?

in #steemit • 9 years ago

I'm all for diversification.

I've recommended to folks that get started on Coinbase - depending on whether it's available in their country - to either do 1/3 each, or 1/2 and 1/2 BTC and ETH.

Watch for a while, then move over to Poloniex, Bittrex, or Cryptopia and start trading. Don't be afraid of mucking it up a little - I sure did when I started.

There's also the automatic regular withdrawal option with Coinbase, where you just set it and forget it and do a little on a regular basis.

Go get 'em!

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     9 years ago 

    This is great information. I have a Bitcoin Wallet with a bunch of Bitcoin in it, but have not learned how to trade from my Bitcoin wallet with other platforms. It is all a bit confusing but gotta start somewhere, thanks for the help.

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     9 years ago 

    I would also recommend putting a small amount maybe 1/10 in other cryptos such as ripple or monero which could be rising up in popularity soon

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