MONEY! - How I Compare my Crypto Investing to Blackjack

When it comes to investing, I'm certainly not the type to put all of my eggs into one basket. With Crypto currencies, there are so many options that it can overwhelming to figure out the best plan.

I very much consider my plan to be similar to a game of blackjack. Your main game and hand to play is against the dealer and I consider this game to be that of investing in Bitcoin, Ethereum, Litecoin, and a few other of the top ten. But there is a side game to be played with much slimmer odds of winning, the payout potential is x1000+, and that's the lucky ladies bet. Let's say for example you are playing a $10 bet on your main hand with BTC/ETH/LTC. The main game is where you put the majority of your money. On the side, there is a lucky ladies bet that you can bet $1+ on in hopes of winning a whole lot more that than you would on the main hand.

Depending on where you play, and the table rules, the qualifier for the lucky ladies bet can vary. I've personally played tables where the goal is to get 2 Queen of Hearts dealt to win x1000 to x5000 times the bet (shoes can be 7 to 12 on some of the tables). Logistics aside, I consider the lucky ladies bet to be compared to my investment in smaller coins (USD <.01 - .50 and sometimes up $1.00). It's a very small amount of money that you can gamble that could have tremendous payouts. I've spent $5 on some that give me 5000 in their tokens. Of course you have variables that can play into potential growth like market cap, but the thrill of paying just dollars for these things for a potential large pay out is worth the gamble.

Have you ever sat on a table and watched the guy next to you hit the lucky ladies and he wasn't betting on it? It's painful, it's painful for the people watching and more for the person who just missed the opportunity to make $1000+. This is the guy who saw he had the opportunity to bet on it, saw the people next to him betting on it, but still felt he wanted to save all of his cash for the main bet. Don't be that guy!

Take a gamble on a few smaller coins to see what can happen. I look for a few things when deciding on which of the 1000+ coins I'm going to bet on. I typically start out by filtering through coins with little value that I can spend $5-15 on for thousands of coins. Then I type the coin name in google and jump to the "news" filter to see if this coin's name is coming up in relevant and recent articles. Next I go to the coin's page to see just what it is they do, as I am more interested in buying a coin with a good tech or idea behind it. Last, I check their social media / twitter to see how engaged they are with their brands - do they regularly post, do they engage with people, are they excited about what they are doing?

Overall I have a pretty diverse portfolio. The majority of my investment sits with BTC/ETH/LTC (and STEEM duh!), then a handful of medium level coins and about 2 dozen tiny guys. I also have money in a few of the lower risk HYIPs (feel free to ask me for referral codes or opinions in the comments below, I know they are a sour subject here sometimes).

As most people would mention to anyone reading about investments, only put in what you can afford to lose. Look at it like, if everything you put in literally disappeared tomorrow would you
A) Be completely f*cked
B) Be super mad about it for awhile
C) Irritated but not really affected by it
If you don't fall into answers B or C then you are putting in too much money. Chill out!