Cryptocurrencies ( blockchain technology ) are the best thing that happened to the common masses after the internet leading to a new industrial revolution , creating news skills, new millionaires / billionaires and most importantly, reducing poverty from developing countries.
Conversely, however, this has not been an easy ride for new comers who do not have the skills or guidance on ways to proceed. Therefore, in this short article, I will outline few points that will help new comers succeed (established people too) who want to improve on their wrong strategy. Here are some few points:
Undervalued coins / tokens: It is great to focus on established leaders like Bitcoin, Ethereuem et al however , in order for you to hit the jackpot, you have to look for undervalued new tokens in their infancy – click and see my my former post : The Amazing Power of an Opportunity: Steem Power and Ethereum Lyte (Elyte) which will be a future top token. Reason is that you can get these tokens/ coins very cheap and make millions of dollars holding long term. Moreover, learn how to use coinmarket cap link https://coinmarketcap.com/ in your analysis of new coins / tokens –including a comprehensive analysis of any tokens you are interested in (except those in ICO or not listed yet) .
Steem power: First keep your steemit password and key safe and back it up. Then learn how to post great contents, upvote great contents and comment accordingly (be respectful and avoid comments like good / great post , vote for vote or follow for follow bot like comments) because doing these factors right will earn you good steem dollars including steem power. Moreover, join the amazing communities here on steemit and make new friends ( a lot of great people here). Above all these is steem power-do not forget to take up any opportunity you have to acquiring steem power and powering it up -reason is that you will get more rewards on your posts and upvotes including a good investment in the future of social media.
Learn to do it yourself: Learn to take your destiny in your hands and be wise while doing it. Reason is that most of us over trust other human being especially companies that are not 100% secure like revenue sharing firms that are based on Pyramid or Ponzi scheme (avoid them) , mining firms (there are some great ones however you can mine yourself) , centralized wallets ( some are great however you can get offline wallets which are more secure .
Moreover, use password manager and 2-factor authentication ( google) in securing all your accounts. Importantly, for day traders, never buy a coin or token that is pumping so high because traders can dump any time and take profits rather buy when price is low and sell when price is high : . "Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffet .
Now is your turn: do you agree that being an early investor in a top crypto is great? Send in your comments - upvote to send in your support and resteem in order for your contacts to join the discussion.
Click here and read my former post : The Amazing Power of an Opportunity: [Steem Power and Ethereum Lyte (Elyte)]
Note: Back end developers with blockchain experience should contact me