Bogleheads.org
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You do not need to i bought litecoin when it was at $150 a multimillionaire or billionaire to make some good money in this space. The plan is very simple. I am a long term holder and have been teaching others how to invest wisely in cryptocurrencies for some time now. My teachings include where to buy, how to buy with the lowest fees and which coin to buy and most importantly WHY to buy those particular coins.
All of my clients are currently enjoying triple digit percentage i bought litecoin when it was at $150 on their investments and they happily listen and implement all that I have to say regarding cryptos because they know I make them good money. Where do I believe steem will go? As long as you have extra money that you are not using.
Instead of just letting it sit in a bank account devalued through inflation it's wise to give that dollar a job and put it to work. If wanting to further diversify then trading a small percentage of currently held cryptos for steem or other strong altcoins can also be done for some nice profits.
Think of it like a high yield mutual fund with a basket of currencies that you hand pick slowly over the medium to long term. We are still in the baby stages of crypto. Much like when the internet first came out every new successful technology has the extremely early adopters, mid stage early adopters, and then mainstreaming. We are still in the embryonic stage and will remain in the embryonic stage until mainstream adoption.
Right now crypto is much too difficult to use for normal people. They just want to go to Walmart and buy it. They just want to go on Amazon and buy it. This barrier to entry is wonderful as this keeps the real true price of crypto suppressed. Right now many believe crypto is a mysterious scam or ponzi pyramid scheme with little to no regulation and they will lose their money overnight.
Always remember perception is everything and people are very i bought litecoin when it was at $150, fearful and greedy and most hate, despise, and loathe that which they cannot understand. Even though Mainstream Media has been caught lying, again and again time after time about all sorts of things including business, finance, economy, and political events most still listen and believe what the BIG 6 media corps.
When the media is denigrating crypto buy a little bit more that month as the price dips. If the media is praising crypto buy a little bit less that month as the price rises. Yeah, that's the thing.
All the coins may not make it, heck maybe only a few pan out but there will be coins that grow from this infancy into great investments. You have completed some achievement on Steemit and have been rewarded with new badge s:. Award for the number of upvotes. Click on any badge to view your own Board of Honnor i bought litecoin when it was at $150 SteemitBoard. For more information about SteemitBoard, click here.
If you no longer want to receive notifications, reply to this comment with the word STOP. By upvoting this notification, you can help all Steemit users. Award for the total payout received. Inflation is a hidden cost that must be killed mercilessly, always. Why do I Believe This? When Will Crypto Go Mainstream read: Easier to Use Right now crypto is much too difficult to use for normal people.
Commodification VS Allure of Mystery Right now many believe crypto is a mysterious scam or ponzi pyramid scheme with little to no regulation and they will lose their money overnight. This is good as this also acts to suppress the price. But always buy knowing that the price is still greatly suppressed.
Vote up and follow josephq. I will be discussing cryptocurrencies, investments, business, and take you on a very personal journey as I document my efforts bootstrapping my way to success right here on Steemit.
Authors get paid when people like you upvote their post. You have completed some achievement on Steemit and have been rewarded with new badge s: For more information about SteemitBoard, click here If you no longer want to receive notifications, reply to this comment with the word STOP By upvoting this notification, you can help all Steemit users.
Award for the total payout received Click on any badge to view your own Board of Honnor on SteemitBoard.
