My Pal Investment
For some reason, I can't post from Pal UI at the moment. Maybe is something with HF they announced.
No worries, though, they have a good team.
Yesterday and today I purchased some Pal tokens and I read some interesting and funny comments from all kind of experts.
Big orders when all people sleeping, manipulation, three whales buying, a tight supply, wide spread and so on.
People are experts but most of them are broke. Strange enough.
But let me explain how six-pack average oldtimer is trading.
Three years ago I invested my money into steem power. It was my own hard earned money and I can't afford to lose it.
Don't read the fine print at the end of the posts of these crypto experts.
No one wants to lose a single dollar.
It's a simple risk and rewards.
Well, with my earnings I try to get as many other coins as possible and keep most of my steem.
When @aggroed and company announced new side chain or whatever I decided to put some money in this.
I didn't read the whitepaper or token supply or any technicalities but I have confidence in the team behind the project.
These guys deliver.
I wanted to get 50K Pal tokens but all my steem was in Steempower.
My powerdown gave me 5K steem after one week and the sweet price of pal token was gone by that time.
Yesterday when I came from Calgary I bought 9K at an average price of 0.28 steem and today after my work another 3K at 0.32 steem.
I invested 4K steem into 12K Pal, that's 0.3 Steem per one Pal and that's the whole story.
No mumbo jumbo, guys.
I'm comfortable with this price.
Will I be a winner or a loser?
Who knows?
I walk my walk and I don't take any advice. It's my money.
Unrelated to the topic:
Here are some shots for a good night from our trip to Calgary.
Here's my free advice for you:
If you on the fence check the guy on my yesterday's post if you didn't see him yesterday.
This post is not meant as financial advice BLA, BLA, BLA...
Oh, and I have 1K liquid steem in my steem wallet left. Just in case.
Life is short.
Don't waste it on thinking too much, my friends.
No doubt that those behind the project are skilled, savvy and hard working. Interesting times!
Great photos by the way!
Yeah, Palnet has been down for quite a few hours. You can tell by clicking the 'New' tab. 8 hours since the last post went through, but everything will catch up once it gets rolling again. I feel the same as you about the project, but unfortunately I wasn't prepared to buy much. I only have about 1000 tokens... whatever. I'll slowly build up like I did with STEEM. I don't really want to powerdown. We lose the advantage of earning on both if everyone shifts too much focus on one or the other. Blah blah not advice either.
Because you are not mentioning it - just making sure you claimed your PAL airdrop at steem-engine too. Yours should be sort-of big.
That was the first thing I did. It was 2500.
But thanks anyway.
That is a big number in the scheme of things :)
just do it indeed! For me ..I always have some liquid in my pocket for these kinds of actions, so I can make a deal whenever I wanted.. (like yesterday I impulsively bought 250K DEC for steemmonsters)
Only the end will prove if we were wrong or not...but making the investment...thats a good one!
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I do wonder. Does it matter if your money is in tens or twenties? That is my take on it anyways. But it does bring action to the blockchain.
Some great and well-defined shots:)
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Howdy sir oldtimer! great non-advice, good for you!
PAL is the reason why I clicked 'power down' yesterday - HA! Need some more liquid STEEM these days eh? Exciting times. Enjoy the diversification game <3