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RE: Notice to my viewers - Sold 1/2 my STEEM for Diversifying
Oh Ted, I love you like a Brother, but mate... when you are on a winner in the very early stages - you buy, then you buy some more, then if the price goes down... you buy some more.
It will be years before Steem reaches it full potential - which is GIGANTIC! Why risk a 1,000% return, for the sake of a 30% pullback?
You have been selling down your Steem holdings for a while now - betting you would be well ahead now if you had simply held and accumulated (EOS dramas aside).
BTW - STEEMCHURCH recognises you as our 'Cryptocurrency Cleric.' If it pleases - please post to #steemchurch - we will be watching for you there.
SirKnight!
No I agree, that's why I still own 50%. Having all your eggs in one basket is a bad investment strategy. Doesn't matter how decent the investment is. Steem should be much higher next year and I am looking forward to it.
It's all about risk management. A smaller, but safer profit is sometimes preferable to huge returns - huge risk scenario. Keep in mind, he's talking about 300% profit(!!). I'm having a hard time thinking of other investements outside the crypto space that offer those kind of returns.