Warning! Cryptocurrencies ( Steem , Elyte.io, Bitcoin ) Are Not For The Faint-Hearted
Many folks were in great panic and distress few days ago because bitcoin , steem and other altcoins lost their periods leading to the dreaded color red!!! Most worryingly, many folks contacted me (in panic mode) that their steemit earnings reduced drastically and that they will give up (Lol 😁 )-I have to calm them down explaining that it is a normal phenomenon in our dear crypto space and thus an opportunity to enter the market especially if you have fiat. Here are few points to note:
**Opportunity to Join Next Best Thing: **Crpytocurrency market is amazing because it gives us (monthly) opportunity to enter a good market due to its volatility. A good example is the current cheap price of Ethereum Lyte crowd sale (see white list section of www.elyte.io ). Ethereum lyte with its 1M total supply, deflationary nature will be the next best thing and now is the time to enter the market very cheap (see link for their current bounty , join and get free elytes here: https://docs.google.com/forms/d/1FEonw5FIRlIPmUEZw1hkS2WsbZS8ZykyzuIbcYmDmEw/edit#responses ) before they list on a big exchange by next week.
**Be Strong: ** Cryptocurrencies are indeed not for the faint-hearted. So be strong, do not allow emotions to take over you which can lead to you selling all your assets at a big loss and later buying back at a high price which in return, can lead to failure. Rather calm down and hold in the long run –remember that whatever goes down will surely come go up and verse-versa.
**Buy Cheap Tokens: **Make sure that you always have some cash reserve in order to take advantage when the market is red, take some profits when it is green and hold the rest in the long run. Moreover , use the opportunity to buy some steem and power up in order to secure your investment and be relevant in the future of social media including gaining in the future high price of steem (plus curation and author rewards , delegation of power, rewarding great contents plus interest payments ).
Do you agree that crypto´s are not for the faint-hearted? Send in your comments, would you pls resteem and upvote in order to send in your support.
Click here and read my former post : Do you know the extensive effects of steemit in your life?
Hey guys, heard about this new upcoming coin called Ethereum Lyte (ELYTE) , so far price has shot up over 2K% in just a few weeks- even as they are yet to be listed on Coin market cap (coming soon), seems like it might be a real good investment for the future. What are your thoughts?
Elyte website: https://www.elyte.biz/
Telegram : https://t.me/joinchat/E6tXj0dThqzzjVlWJRuxLw
Facebook: https://www.facebook.com/groups/208043153099723/
Twitter: https://twitter.com/EthereumLyte
Linkedin : https://www.linkedin.com/company/ethereum-lyte-elyte/
Bitcoin Talk page : https://bitcointalk.org/index.php?topic=2618851.new#new
Reddit : https://www.reddit.com/r/EthereumLyte_ELYTE/
Join the Telegram group for now!
@charles1 Where can i buy elite coin or earn it,and in which wallet can i hold it?
Elyte not elite...pls take note. 1st join their telegram group : https://t.co/kAhkvVTPBF 2nd go to white list section of their website and use Myetherwallet.com or metamask to buy see direct link of their crowdsale https://main.elyte.biz/?page_id=433 and then you will be white listed ie after filling the form there. After all these, apply for their bounty , see link https://docs.google.com/forms/d/1FEonw5FIRlIPmUEZw1hkS2WsbZS8ZykyzuIbcYmDmEw/edit#responses which you will surely get if you buy 1st from crowdsale.
thanks, the sites will be of much help
which site? can you elaborate pls?
I really don't know much about crypto. it does fluctuate frequently
thanks for sharing @charles1
welcome, feel free to read my older posts and learn. I wish you success.
So true my friend ! great information @charles1 ! Keep up the great work ! upped and resteemed !👍👍👍
welcome and thanks a lot
I couldn't agree more, it isn't for those that would like a smooth linear return. I like the added touch of "monthly" due to the ups and downs we go thru very regularly.
Good point..
Those that don't have strong heart can not deal on crypto. good point. upped
welcome
Thank you @charles1 for making a transfer to me for an upvote of 23.19% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
A good illustration, however, is that all traders on electronic currencies should know that there will be correction periods, which is well known to forex traders and with every big rally it has to be down and correct.
Correct. Most Crypto traders are new and do not understand the game
true cryptocurrency is not for the fainthearted, I witness lots of people back here in Africa still in panic. I had convinced them about the future of currency which was heading towards cryptocurrency. But that's one thing i left out; being brave enough for the market and not going into it with a faint heart. And am not making that mistake again.
Go into the stock market after doing a good research about it, this will get you ready for any possibilities: that's the new message for the people that are just having a head start in cryptocurrency
Good point, I agree
Yeah, I know what you are trying to say-that in crypto market up and down very frequent as compared to any other market, and only those who have patience can earn big.
In the business management there is a saying "higher the risk is, higher will be the profits" and in crypto market because of its higher return there will obviously be higher risk. We just don't have to loose hope-when we see more than 20-30% decrease in value of crypto. We just have to take this opportunity to earn more profit by investing more.
Good point..
When I first starting trading, I was a panic seller. Now, just HODL
Hahaha good point. At least you are a fast learner