Crypto currencies (block chain technology) against all odds and hate (mostly from governments , gold investors and bankers ) have been a blessing to many people especially since bitcoin led the way –few years ago. In fact, blockchain technology has created a new industrial revolution around the world and still the best thing that will move many people out of poverty. Imagine investing 100 or 1000 USD 10 years ago in your local company , you will merely get 100USD extra (if any) and compare it to investing such amount in Bitcoin or Ethereum 3 or 2 years ago or even some great altcoins like stratis , OMG and yes Steem during their inception (remember that steem will shoot to the moon soon after the HFORK 20 and SMT –see my older posts for more
With respect to all these successes, however, haters are still hating and calling bitcoin a scam because of fear of losing out their grip on our money and freedom (banks, governments et al) however they will not succeed because of the loyal communities (millions of people) that support bitcoin, steem and other crypto currencies. Here are some few points to note:
- BUY LOW: do not be scared when crypto currencies are low (bloody red) take it as a blessing in disguise to accumulate your top coins especially those you can buy less than 1 USD for example steem. If you are a day trader, use this simple strategy of buying low and selling high ie take advantage of dips in the market to make gains- plus financial arbitrage.
- Steemit as a safe base: instead of losing all your money in trading shit coins, send a safe amount to your steemit account and power it up because steem power has many advantages (posts upvotes , interest payments , curation rewards and ability to reward great authors or delegate power).
- Remove Emotions: one big killer is putting emotions, greed and fears (FOMO) ahead of your decision making because it will lead to failure -therefore, be patient and do not power down your steem (except in case of need) because it is currently low reason is that , its future value is amazing.
Do you agree? Send in your comments and or suggestions please would you up vote my post in order to send in your support, click follow in order to see future posts from me on your feed and resteem in order to share this post with your followers.
See my former post: Is Steemit The Solution To Facebook Ripoff and Monopoly ?
For those who want to be an investor in Bitcoin wallet see X coins link: https://xcoins.io/investors?r=v93e2z