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RE: I am Secret Guru - Cryptocurrency Investment Advice

in #cryptocurrency7 years ago (edited)

I am sure to check out both coins, I am in particular curious about the hempcoin. Though I am still a newbie in the cryptoworld and don't have much to invest, a coin like this seems a good future investment with only a few dollars necessary.

Btw, what are ur thoughts on EOS?

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I will be blunt with you, if you are just starting out, you shouldn't invest. You should study.

Questions you should be able to answer before you ever drop any money into it are: what coins are in danger of being delisted by the exchange you are going to use, what coins seem to bounce from -50% to +50% rather often, what coins are consistently down in percentages, why can you buy a coin a 3 hours later the value be up 25% yet your earnings are down 10%?

If you don't have the answers to these questions, its not time to invest yet. If you can answer these questions - you shouldn't have to ask what coins to start with because it becomes obvious - you start with the coins where they are down a lot, and then back up - because thats where you can put your money in when its low, and pull it out within a few days having a profit.

It takes skill and understanding the markets to do this - but its is really the only way to begin with a few dollars in my opinion - unless you are dumping a few dollars every few days / a hundred or more a month.

That being said - EOS... not relevant - but all coins with an intent are good - and crypto + blockchain backed security can never be a bad thing.

Well, that didn't give me much insight on EOS ^^ Honestly, I am more of an investor for the long run, and I focus rather on the ideas than make a few quick bucks in a couple of months. I put around 600$+ in Steem, Bitshares and EOS for exactly that reason, that I see a future in it. And with that said, both coins you suggested would be a nice addition.

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