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RE: CryptFolio - Here's How To Protect Your Portfolio In These Downward Trends Markets...
I upvoted commment but Haha I think I've upvoted too much.
But yeah, I was thinking either that or if you sold a currency that only dropped a little bit to buy one that really crashed hard, then hopefully in the day or two after the one that crashed hard would hopefully rebound a bit stronger as it might have been more over-sold than the one you sold. You'd maybe come out ahead with more coins in the other currency, which benefits the long game?
Yeah I appreciate the upvote :) but it may be weakening your Vote Power too much, especially if you upvote regularly :)
That's definitely a possibility. Although it usually would only work if the fundamentals of the cheaper coin were good; not everything will bounce back from a dip. Importantly as well, even if it does recover, it may take a long time to do so. At which point you either have to recognise a loss, sell and move on, or sit it out which could mean you lose out on the potential profits you could have made elsewhere.
It's a tricky thing to do!
Yeah I have been super active this last day and upvoted a lot of content. Is there like an amount of upvoted I should try to limit myself to?
And yeah I'm torn between shopping for some DGB on sale or putting it into steempower. I think the steempower probably might be better longterm.
That's great though, you're using the platform, that's always good :) Yeah there is, there's a thing called voting power, that needs to be at 100% to give the full power of a vote. Each vote reduces the power; although off the top of my head I don't know the exact mechanics of it sorry. There's loads of steemit articles on it though, try a Google search :)
Steempower is good but, and I think it's a massive but, you need a LOT to have any real impact, and you also have to lock it away for pretty much 2 years. Unless you've got a few spare Bitcoins I've always considered it better to invest. Entirely up to you though, I read somewhere you get interest on Steem Power, so if you're super confident Steem will increase it could be wise.
As for DGB I hold some myself, but I'm not aware of anything that would make me double down on it. Do you know if there's any news coming out soon?