Bitcoin , Steem and other top Cryptocurrencies : scams or strategic opportunity to freedom and wealth creation ?
Crypto currencies (block chain technology) against all odds and hate (mostly from governments , gold investors and bankers ) have been a blessing to many people especially since bitcoin led the way –few years ago. In fact, blockchain technology has created a new industrial revolution around the world and still the best thing that will move many people out of poverty. Imagine investing 100 or 1000 USD 10 years ago in your local company , you will merely get 100USD extra (if any) and compare it to investing such amount in Bitcoin or Ethereum 3 or 2 years ago or even some great altcoins like stratis , OMG and yes Steem during their inception (remember that steem will shoot to the moon soon after the HFORK 20 and SMT –see my older posts for more
With respect to all these successes, however, haters are still hating and calling bitcoin a scam because of fear of losing out their grip on our money and freedom (banks, governments et al) however they will not succeed because of the loyal communities (millions of people) that support bitcoin, steem and other crypto currencies. Here are some few points to note:
- BUY LOW: do not be scared when crypto currencies are low (bloody red) take it as a blessing in disguise to accumulate your top coins especially those you can buy less than 1 USD for example steem. If you are a day trader, use this simple strategy of buying low and selling high ie take advantage of dips in the market to make gains- plus financial arbitrage.
- Steemit as a safe base: instead of losing all your money in trading shit coins, send a safe amount to your steemit account and power it up because steem power has many advantages (posts upvotes , interest payments , curation rewards and ability to reward great authors or delegate power).
- Remove Emotions: one big killer is putting emotions, greed and fears (FOMO) ahead of your decision making because it will lead to failure -therefore, be patient and do not power down your steem (except in case of need) because it is currently low reason is that , its future value is amazing.
Do you agree? Send in your comments and or suggestions please would you up vote my post in order to send in your support, click follow in order to see future posts from me on your feed and resteem in order to share this post with your followers.
See my former post: Is Steemit The Solution To Facebook Ripoff and Monopoly ?
For those who want to be an investor in Bitcoin wallet see X coins link: https://xcoins.io/investors?r=v93e2z
great morale booster as always.... now is the time to buy more steem and power up...also buy altcoins and wait for it to moon...
great post as always... thanks for sharing
I personally believe that solid cryptocurrencies like bitcoin, litecoin, ethereum, steem have huge potential but there are some useless junk coins that are ruining the cryptocurrencies fun / progression for everyone
I agree...better be careful with shit coins isnt it?
Yupp.. now there are 3 times more cryptocurrencies in the world than the usual centralized currencies. And aside from some 30 odd currencies, rest are total crap (at least for now)
I agree, scammers are printing free money now...and business people too...lets go and print our own money via token sale
Great post as always !! Love the Bear LOL! I would love to buy some steem and power it up , not much , but a bit would be nice while the price is low maybe 100.00 Canadian ! Or do you expect it to go lower !? What is the easiest way for me to do this , I all ready have a quadrigaCX account . Just wondering if you happen to have a link I could check out ! Thank my friend @charles1 ! Keep up the great work !!
I am not sure that it will go way down because people might dump bitcoin after the fork for altcoins ..i suggest you buy now its cheap ...you can use the market area via wallet ..have you tried it out?
No not yet ! I should be able to buy Bitcoin I guess on quadrigacx then buy steem with that!? Its always so complicated , I have yet to find the easiest way where I all ready have an account !💕👍😂
Ok, however you know how to use your steem dollar to buy steem via wallet isnt it)
I have just never bought anything from like my bank account . My own actual cash . Im falling asleep now , so if you know an easiest way to do it that would be great . Thanks , I just thought you might have a link you could give me . No worries ! Good night !
Night , Night lady...sleep well
Thanks !
I worry about people buying into Bitcoin right now because it is so very expensive. Imagine if they lose their money? That would make me sad.
Good point @katyclark people without experience will rush and buy in order to get free bitcoin gold if they FORK...however how many bitcoin can they buy to gain in the BCG? after the fork there will be dump and rush into altcoins and people will lose money. Hope you are using steemit as a back up?
Steemit is a great mining tool for sure... and an actually working protocol. Most alt coins are not even working, deployed or some sold hundreds of millions worth without even a token! Due Diligence.
Good point, I agree with you , thanks for your comment
The thing is, is it expensive? Short term of course it is, and I wouldnt be surprised to see bitcoin below 2000$ but long term? 6000$ seems pretty cheap to me, I see bitcoin at 50k$+ in 5 years
@whitewolfie, I think it is expensive. I have read other posts in Steemit (@exxodus, for instance), that state Bitcoin is overpriced. I, myself, think it is a bubble and I would not buy it, unless I was forced to, because I needed it to pair for an altcoin. I think a coin needs uptake, application, utility and acceptance. There are now more Bitcoins - will the real BTC please stand up? It is damaging its own brand with all the forks - buyer beware. I also wouldn't support it considering BTC mining uses enough power to fuel a small country.
The psychology might take it there, but not the product.
Very useful post! I think cryptos are the first opportunity for average people to finally get rid of central banking’s trap.
Everyone should check these markets.
Good point, I agree with you
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Nice, you got a 8.0% @minnowbooster upgoat, thanks to @charles1
Want a boost? Minnowbooster's got your back!
Thanks bot
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Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
Would you happen to have any previous content elaborating on your xcoins link? If not, it'd be great to learn about your personal first hand experience to support your affiliate referral to help your audience make a better informed decision.
The whole inf is in their website... I just use it sometimes to buy bitcoin via my credit card however they do have other options
Thanks, was under the impression you may have been lending and was curious as to that element.
@originalworks what do you think?
It's a good oportunity, but a lot of new people come into the cryptoworld gambling instead of investing, and a lot of them lose all of their money.
Good point, I agree with you. What will you suggest to such people?
Fantastic post!
What do you llike about the post?
What he/she actually wants is for you to upvote him / her so they can earn :p
I know...hahaha