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RE: I just turned all my Bitcoin and Litecoin into Steem
I guess you are right... i think what is happening is I am more confident that steem will be more stable than at least litecoin. And that the pitential for growth that would meaningfully impact such a small investment seems higher to me but you are right i am new. The bitcoin thing i was torn about which is why i didnt move it till later in the day. I guess i want to see how things grow here and then when i feel ready i will diversify again if needed..
Yeah, don't worry about it too much, it's all just experience to learn from; often we learn most from our mistakes so don't fear making some. I've been here on Steemit for about a year and a half, on-and-off, and only in the last couple months have I bothered to even do anything with my post earnings. As long as you're making things work in life otherwise, you can take whatever courses of action you see fit. If you decide to move steem/SBD into other things eventually, diversifying is a good idea. I would suggest doing some cursory research on the top 10 cryptocurrencies at your own pace, and then deciding for yourself how to spread out your investment. Good luck in your process!
so are you saying it was a mistake? LOL i dont know, maybe it was. I have been so pumped on Steemit that I wanted to increase my wallet here.. Its like my total budget for crypto is all tied up in crypto right now so its hard to let it become worth fewer dollars when it looks like one might grow and one might shrink for a longer time... its so hard to say I guess. I should start thinking longer than just 2018 but that is where my head is at right now. I want to get to a certain level here at Steemit and then I will feel more secure I am sure.
Oh no, I don't think it's a mistake, I can't really assess someone else's decisions like that. If you're powering it up so your vote is stronger, that's certainly a worthwhile move.
Thinking long term is crucial though, and reading market charts is probably a skill you'll want to develop if you want to have a better sense of where your investments are going, rather than wondering or worrying without anything to go off of.