RE: Let's Talk—If Bitcoin Is Heading Towards a Bubble-How Will You Hedge Your Risk?
Honestly, I am only just realizing the potential of cryptos in a real way this last few weeks--as maybe I mentioned before in my other comment? I have a enough in a few currencies, due to the recent growth, that I now really have to consider how I'm going to be smart with it all--although it all came from literally nothing: it's outgrowth from Steemit and my work here, so an investment of time, but I'm also doing that already with my music for next to nothing anyway, so nothing new there!
It's such a strange thing to actually have crypto income that's of significant value (not crazy yet at all, but just real money I never expected), when I didn't even understand what bitcoin was until very recently. I'm quite late to the game. But I need to start really considering all of this. I'm planning on doing something similar to you; skimming a reasonable bit of what I need in case it crashes, while also being willing to risk for the possibility of gain and investing in what feels like real cutting-edge, world-transforming stuff.
Anyway - thanks for the great and balanced post! All I'm writing these days are 😱 kind of optimism posts because I'm just so fascinated that this stuff is real and happening. So it's good to have a realist on hand :). Xx, Kay
One personal tip: look for things that may actually be mass adopted, and is doable.
There is a lot of promisses, but few have something concrete.
At this moment i only ser ethereum, dash, ripple, steem and maybe bitshares as coins that actually have something to deliver.
Remember the internet bubble, and try to understand what made the companies that survived pass through the Dark period.
Thanks - I really appreciate the advice! Literally JUST learning right now. Ripple was convincing to me, so I did get some of that. In my reading, Cardano also seemed like a good option? Thoughts? I don't understand enough pieces just yet. Because I don't have much to invest, I'm trying to balance the projected stability of certain coins with how much I stand to gain given that I'm starting with so little; doubling or even 10xing $50 or so, while fun, isn't life-changing. One of the little wild cards taking off, however, could be!
Thanks so much for taking time to comment. I really appreciate it. Kay
I am going to learn more about the dot com bubble. I really have no clue. I'm an artist, not a techie or an economist; I've never been able to consider investing before! But I'm finding I really enjoy all of this, and feel I am learning quickly, relative to where I started.
No worries, i and also New on cryptos, and not so new with investing. But since i started to dig deeper on the financial market i found out how fascinating this world is.
I recomend that you read this book. It doesnt teach How to become billionaire, but its a good narrative that teach a lot about what not to do when you are new on the market...
Also, never believe in the easy money. All money comes from knowledge and work. What we need to learn is how the smart money work.
About Cardano, havent checked It yet. Its too many cryptos to follow.