RE: The US Government Clamps Down on Ability of Americans To Purchase Bitcoin
They got me for sooo much and its all my fault for keeping so much in an exchange. I lost about 200 Dash, 1.3M DOGE, 2 BTC and what I mined first, Litecoin (doh!) of which I had around 500, buying them when the price got chopped in a third. Sorry just had to spill my sorrows in crypto. If I was smart I could be sitting pretty right now but I wasn't, I made classic rookie mistakes and other than figuring out how to mine coins, did everything wrong except buying low. But I also sold low many, many times and wasted tons of time mining shitcoins. Stick with the big coins and the rising stars like STEEM and SD. Oh, did I mention if I still had my Monero how I would be able to buy a house on Long Island? I am so stupid!!! Don't tell my wife. Aye but I still haves me Silver, argh!
Dint realize that if they lock you out, you will end up losing all the coins in their wallet too. I just started tracking crypto currencies and hence it's too late for me to mine atleast with my exiting hardware so I am buying the coins. I have been buying stocks for a long time and I am really comfortable analyzing the support/resistance, EPS,
PE etc but with these coins i am flying blind. Not sure what price to enter ether, XRP, Litecoin. Etc
Same rules apply but a much more panic driven market and popular names of coins will keep value. You have to invest in something that people will want in the future. So diversify and ride the major five to big gains especially in 2018. Q2 & Q4, especially.
I noticed in the terms of service for Genesis Mining a statement about forfeiture of any credits, or payouts you have earned if the company happens to go out of business. Therefore, it would be prudent not to keep a large amount sitting on any website. Especially with hackers prowling around searching for a place to commit their shenanigans. Play it safe and get a hard wallet. When it comes to something as important as your finances there is no such thing as being too safe. Better safe than sorry.