Hey everyone, here's episode 2 of the rebirth of my Steemit blog. I just wanted to talk about my plans going forward in the crypto world.
As of right now I am done transferring money from my bank account into crypto. Between everything crypto related I have invested probably between $6000 and $7000. This includes actually buying coins and investing in platforms such as Bitconnect, DavorCoin, and Genesis Mining. For the foreseeable future this is the money I am going to be working with.
Does this mean I'm done and I'm just going to sit with what I have? No it does not. I really don't plan on cashing out that much for quite a while. I plan on using my profits from the 3 platforms mentioned above to mostly purchase more altcoins. First on the priority list will most likely be more XRP which you know is my first-born if you read my last post. For now, I'll probably cash out somewhere around 25% of what I'm making on those platforms and the rest will be reinvested in some way.
I also think this is a great time to buy a lot of coins. The last month or so has seen a lot of new faces enter the crypto world and with this comes a lot of misinformation. As most of you know, dealing with FUD is a daily part of life in crypto and a lot of these new faces don't know any better so they'll immediately panic after seeing one piece of potential bad news and sell all their holdings. This has resulted in a lot of pretty large dips in the market and in my opinion, relatively high volatility even for crypto. I'm not going to give financial advice but IF I WAS... I'd say now is a good time to increase your holdings while everyone is freaking out.
That's all for now, see y'all later.