You are viewing a single comment's thread from:

RE: Why Wait for Filecoin? Start Using IPFS Today on the Shift Platform

in #cryptocurrency7 years ago

As usual I have no capital!

But I did decide to set up a system where I'd guarantee I'd have some in the future, which is basically just a way to force myself to make it a rule to put aside X amount into crypto "savings" like bitcoin and perhaps set up an account on an exchange I feel most safe and put buy and sell orders in on UDST so if the market crashes it will automatically trigger my bitcoin backup fund or whatever I end up calling it to convert into UDST and then buy in again and therefore preserve the value. Kind of annoying when market tanks and your bitcoin also tanks so it's actually not as good a deal as it seems. Maybe I have UDST set to buy back in at an ultra low price should it get back there. and tada my value is preserved and I can ride that train right back up again. Since that might be tricky to time I'd probably put a less extreme buy point and only sell a portion of it or set up several at staggered intervals to make sure I'm not trying to hit a bullseye.

Fun thing is there's so many ways to play games with savings. Just means you have to commit that yes you aren't going to spend all of this here.

Sort:  

Sometimes you have to make yourself have capital. Even if it's taking an extra job for 2 weekends just have enough to get in the game. One day, I just said it's now or never and ended up buying a little just to get in the game. You don't need much and my money gained 80% in 2 months.

Coin Marketplace

STEEM 0.25
TRX 0.20
JST 0.038
BTC 95773.12
ETH 3595.18
USDT 1.00
SBD 3.80