Diversifying Crypto-holdings with money earned on Steemit

Even though I have been interested in Bitcoin for a long time, I haven't actually been a holder of crypto-currencies until June of this year. I decided it was time to take action instead of just watching from the sidelines.

Earlier, I bought a small amount of Bitcoin with money that I'd earned here on Steemit.

Bitshares

I've been wanting to know more about trading and the decentralized exchange that Bitshares offers is very appealing to me... but I have a lot to learn. I figured I'd get started by using @blocktrades to buy some Bitshares with a small amout of SBD that I'd earned on Steemit.

So now I have about 5.8 Bitshares.

Now what?

Well, I'm diversifying. But I'd like to learn more about trading and develop a strategy. Hopefully more research into Bitshares will help me do that. One strategy I'd like to experiment with is to choose two coins that I'd like to have and then trade back and forth between them for 5 percent gains. Since I'd like to hold both coins, I'd be okay with staying in a coin and holding the position if one coin fell below another coin and didn't come back for a while.

I don't have any experience in this, but I'd like to try and see what happens.

Why Bitshares?

Well, I really like Steemit and Bitshares is built by the same people, with @dan Larimer as the Visionary and Architect. I'm also interested in EOS, but that may be too new for me to actively participate in. Bitshares is about right and I like a lot of the concepts I've read about while researching it (even if I don't fully understand). The concept of a decentralized company is very interesting to me and I hope to learn more about it.

For now, I've obtained my first couple Bitshares and I'll figure out how to use the Decentralized Exchange to make some trades.

If you have experience with trading, I'm interested in your perspective. If you know of any great resources for beginning traders, please share them in the comments!

Thanks for reading!

--- @matthewdavid