How to invest (nearly) FAIL-SAFE in next-gen cryptocurrencies like STEEM

in #steemit • 8 years ago (edited)
8 years ago in #steemit by
$0.18
  • Past Payouts $0.18, 0.00 TRX
  • - Author $0.16, 0.00 TRX
  • - Curators $0.02, 0.00 TRX
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     7 years ago 

    Thanks for starting this thread. Really appreciate you bring this to our attention. Be prepared for a fluctuating crypto market. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? Does anyone know about: https://www.coincheckup.com They give great insights in the team, the product, advisors, community, the business and the business model and other techincal insights. Check: https://www.coincheckup.com/coins/Steem#analysis For the Steem Investment research report.

    $0.14
    • Past Payouts $0.14, 0.00 TRX
    • - Author $0.11, 0.00 TRX
    • - Curators $0.03, 0.00 TRX
    4 votes
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    [-]
     8 years ago 

    Nice exit strategies!

    $0.04
    • Past Payouts $0.04, 0.00 TRX
    • - Author $0.03, 0.00 TRX
    • - Curators $0.01, 0.00 TRX
    1 vote
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    [-]
     8 years ago 

    Two important points that you made I think are worth repeating:

    • Don't leverage. Invest what you can afford to lose
    • Have a long term horizon
      The first one is important if you want to avoid bankruptcies. The second basically means you are a buy-and-hold investor. Short term trading is either arbitrage or gambling. (and Arbitrage = zero risk, in other words, a guaranteed gain. A lot of people think they are in an arbitrage situation but they are not)
    $0.03
    • Past Payouts $0.03, 0.00 TRX
    • - Author $0.03, 0.00 TRX
    • - Curators $0.01, 0.00 TRX
    1 vote
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    [-]
     8 years ago 

    Great strategy. I was thinking of buying and selling some btc, eth and xmr as well. But I don't have a concrete strategy in place. I just know on top of my head that the price within a month is falling, then I would buy. If it shoots up, I would sell. Clearly I am not really a trader and rely only on my gut feeling. Thanks for sharing your strategy. I now have a clear view on how would I do it if I proceed with my plan. Of course I only have micro account on those currencies but it's a good learning experience.

    [-]
     8 years ago 

    Wow, fantastic read. This completely opened my eyes to the possibilities of crypto currencies. As the stock market has been bad to me lately, I am going to do more research on crypto currency investments. thank you

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     8 years ago 

    Great post, even if it's not the best strategy.

    Did you invest in STEEM though when it crossed $10M? I see that you don't have any added STEEM power to your account.

    [-]
     8 years ago 

    As I mentioned, I dont like that STEEM Power is locked 2 years. In this time I cannot sell.

    [-]
     8 years ago 

    Great article, thanks for sharing your knowledge.

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