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RE: Is Steem Broken? Is It Fatally Flawed?
I have little doubt that there are many wbankers in the system but, plans can also go awry. Change always brings in a higher degree of random and unexpected and not everything is controllable. This means that there is a chance for cockups and opportunity. What we do know is that what we have isn't working and trying to maintain it isn't either.
These are interesting times - two years ago I started the year believing fully in cryptos - but for 2019 I have the attitude that there are profits to be made, but after getting dealt to all year, now I don't trust them an inch and will be light on my feet.
Trust nothing.
Other than that, there are definitely going to be profits to be made, trust me.
When it comes to the complete global paradigm shift to really benefit everyone, we might not live to see it but, we might very well be an important link in the chain.
"Trust Nothing - Trust Me" :)
I'm just riding cryptos for the $ now - I think they will go up and down, and I have no desire to hold a shitload when they are going down, like I did this year, but I'm still fully stocked so if they go up - sweet!
I have set myself some sell points and numbers (note: they are higher than the last ATH) so that I am not caught out. I have been working hard and also buying what I can in and two years is a decent amount of time to take a little something out.
Higher than January?
We took out 20% profits then which was a lot more than our remaining 80% is worth now. I soon wished we has taken 80% profits!
Steem is my irrational one because I have a connection to it. Not so with the others - Bitcoin for example I don't even like, and was delighted to sell it all last December (good timing too!)
If any of our cryptos get up to half what they were in January, we will be taking profits like crazy!
I had no bitcoin to sell otherwise it would have been gone too :)
What I wonder is though, say you sold the 80% would you be buying in again now?
No - I'd still be waiting - I'm guessing it won't show any real signs of life for about another month, and I want to see some consistent gains - 30 days - no rush, I think it will start climbing slowly when it does
I wonder after a year of waiting how much you'd have left. That would have been my issue I think.
so my thoughts on this is they can control parts of some projects or even an entire project, but they cannot control all the projects all the time.
I think they have total control over Bitcoin now, which means they can move all the other coins up or down because everything follows Bitcoin.
So we can ride the waves, but they are nothing to do regular little investors like us.
From now on I'm calling it crypto surfing, and I'm hoping to catch a few good rides.
But it's not investing - that would be strictly bullion, and my big difference in tactics from now on is to put 50% of crypto profits (if they come) into bullion