My Steemit Strategy for Crypto - Crypto, Where for Art Thou?
Yo yo yo!! Hello my friends, you will make it in this Crypto World!!!
As proof of the dangers and pitfalls and successes, my Bittrex account was hacked and almost all of my Crypto was stolen back on 12/28. Most of you already know that, though. That is the danger... please, please, PLEASE use 2-Factor Authentication. If I had been using 2-FA before, I'm fairly certain that I wouldn't have been hacked. That was about a thousand smackers that I lost. Oh well, it is what it is.
Now, though, I'm back at it again and am ready to start sharing successes! Well, success is a relative term since the markets are sagging a bit. Even so, I'm still saving up and adding on. The more I add in Units of Crypto, the more value potential I also add... that way when the markets blast off into space, I can truly succeed.
So, here was last week's Crypto Accounting...
Bitcoin and Crypto Dead? I think NOT!
Crypto From Before
Cardano (ADA) 111.78558087 Units -> 0.00005223 BTC Value
Bitcoin (BTC) 0.00416252 Units -> 1.0 BTC Value
SteemDollars (SBD) 6.00000000 Units -> 0.00059837 BTC Value
DogeCoins (DOGE) 3254.58125000 Units -> 0.00000062 BTC Value
ParkByte (PKB) 14.31441487 Units -> 0.00010799 BTC Value
ReddCoin (RDD) 1466.91176471 Units -> 0.00000101 BTC Value
STEEM (STEEM) 2.00000000 Units -> 0.00039752 BTC Value
SpreadCoin (SPR) 1.12039264 Units -> 0.00012600 BTC Value
Satoshi is PT Barnum?? Perhaps!
The Latest & Greatest!
And now, on to the latest!
Cardano (ADA) 111.78558087 Units -> 0.00005460 BTC Current Value
Bitcoin (BTC) 0.00200002 Units -> 1.0 BTC Current Value (est. -0.0021625 Units)
SteemDollars (SBD) 1.50000000 Units -> 0.00055021 BTC Current Value (-4.5 Units)
DogeCoins (DOGE) 3254.58125000 Units -> 0.00000061 BTC Current Value
ParkByte (PKB) 14.31441487 Units -> 0.00009742 BTC Current Value
ReddCoin (RDD) 6466.91176471 Units -> 0.00000094 BTC Current Value (+5000 Units)
STEEM (STEEM) 2.00000000 Units -> 0.00048927 BTC Current Value
SpreadCoin (SPR) 1.12039264 Units -> 0.00010209 BTC Current Value
Stellar Lumen (XLM) 45.24904242 Units -> 0.00004940 BTC Current Value
Totals & Totals
The Previous Total in USD: $ 216.94
The Current Total in USD: $ 231.03
So, my profitability from last to now is $ 14.09
A Great Big Thanks
So, in conclusion, I'm not fully back yet. I'll be adding in more Crypto, but the last week was a bit slow; and I was more interested in transitioning into Stellar Lumens. So, if I add even 10% and the values rise 10%, the Total Value would go up to $279.55 USD.
Hopefully, I see a mega-boom after I have a bunch more.
Thanks.
@dbzfan4awhile seeing the market in such a decling state just hesistate me a bit because taking the words of warren buffet and many other billionairs that cryptocoin is just a bubble and whenever this bubble breaks there will be hell lot of loss so i am afraid a bit .....But I have faith that this will just make cryptomarket more better what are your points ...keep steeming !!
If that's the case, then why use Steemit at all if you think it's just going to burst? Because if that is the case, Steemit (being backed and paid-for through Cryptocurrency -- SBDs & STEEM) is no different and will burst as well.
My theory is that I will believe in Steemit and Crypto and, because I'm not buying in with Fiat currency it won't be a real loss to me. I pay my bills with my normal job and write through Steemit in the hope that it's not a bubble and shoots to the moon along with other Cryptocurrencies.
That's me endgame, at least.
@dbzfan4awhile i too believe the same. But watching so much negative about cryptomarket i tend to hesitate a bit. I know this is an opportunity which we should grab. I really appreciate your words. This brought some positivity back. Thanks for this kind gesture of yours.
Not a problem. And it's up to you to decide whether you're ready to take that "leap of faith" and buy further into it or whether you think you need to wait and see. Either way is alright because it's your life and earnings at stake.
Why you didn't use 2 Factor Authentication since you may familiar with scammers and hackers who always trying to snatch your money away. They always kept an eye on such people. Well, thanks for advise to newbies that we should use 2 FA strategy to escape from such bullish hackers. I'm glad you came back and start motivating us. That's really appreciable
I like to show reality to people. Will things be all sunshine and rainbows all the time? Hell no! However, if you are willing to accept that there's risk in nearly everything that you do, you'll be able to grow with the platform.
Sometimes I even make mistakes trying to make things quicker and easier, which is why I didn't set up 2FA to start. Now that I have that in place (and it's quicker accessible than I thought) I feel more confident about the endgame. I am certain that I will make it back to where I was and even beyond, especially with such an awesome community of followers just like yourself!!
Yeah, you are right. Things will never always shine. We should take risk instead of cowardliness. I understand that why you didn't use 2FA in starting. :)
I didn't use 2FA to start because I'm an impatient guy, lol. Nothing special.
Good to know! :P Currently, I signed up on Binance and verified it. As per your advice I have activated 2FA which is safe. :) Thanks
Good deal! I had heard that Binance had stopped accepting new users for the time being. I'm glad to hear it's back up as an option for people.
It's really great to be able to use this application in a very short time
This method is not going to be a quick remedy for being poor.
I always found 2FA to be quite convenient since it takes only about 10 seconds to get my phone, open the app and type it in and I rarely have to do it. All the while it removes a huge security risk
I have to do it nearly every time, but it's not as inconvenient as I had thought earlier. The extra security is completely worth it.
Many thanks for this education....sure you will see a mega-boom
I certainly hope so; however, I want to buy in a whole bunch more Crypto before the BOOM!
well i am following you and i think i will do gat some really amazing results in crypto
As long as you don't think that Steemit will produce instant results, I think you can do great things.
well thanks for motivating me ... really need that and from expert its more then motivation
I'm not an expert, but I try to do what's right.
Thanks for educate us I like it wish you good luck i follow you
You're quite welcome! I hope it gives you some solid tips and hope for your own success.
I hate 2fa authentication method for account but it's great for account user to safe his account from hackers
That is completely true. It may be annoying, but it does help secure your accounts.
Thanks for sharing.
Its a new information for me.
I hope it helps you out in your own journey!
That's hypnotic.