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RE: Help! What Are Your Favourite "Budding" Cryptos & Why/Suggestions For New Investors?
Checking out your post now. Many good points, and some great corroboration which makes me feel like I'm sort of on the right path lol. Ya Iconomi seems super exciting. I know a bit about how it's going to function. The reason why I haven't held any Eth nor will i buy more BTC is bc the price is too high and i really can't see it going down. I just can't afford to make that huge of an investment. I figure I'd be smarter to find something that is just starting to do something and evena little of that can turn into a lot later on.
My number one favourite is Steem! It's so distinctive in the crypto world. I strongly support what's going on here and I'm heavily involved on a daily basis. Most of my focus is on steemit.
That's great to hear, you have the right mindset for sure. One thing I may suggest that I use and have used for many, many years in the regular stock market is automatic deposits. I use coinbase and have their recurrent transaction set up to buy both ETH and BTC at the same time, once a month for the last year. This way you can set your goals for your investments, and it is much easier to keep them as they are automatically withdrawn and there is much, much easier to not change your mind. Sorry for the shameful self promotion, but here is another link to why goal setting is important in investinghttps://steemit.com/investing/@elderfinancial/successful-investment-series-1-importance-of-goal-setting. By continually adding a specified amount to your crypto portfolio monthly, you can stay consistent, and as long as you put in an amount you can afford, you should have no reason to pull it out before the term of your specified investment. Hope this helps!
MMM, I currently don't have the funds to set up a monthly purchases. I'm using some of my bTC to diversify (which i had initially planned to do months ago). It's good that i waited bc BTC went up quite a bit since then and I have a bit more to play with now. Perhaps in the future when I have more funds to play with I will implement your suggestion.
No worries on shameless promo, I'm grateful for the information. It's the point of this blog post!