Understand what you are investing in 1st when it comes to Cryptos. Here are major KEYS!
Everybody by now knows (especially us early adapters of Steem) what potentials we have seen for the crypto world. I have personally seen profits on these coins involving Weed, a super secure crypto called CBX, and also a newer coin called PROC.
First, lets start of with the weed coins. I bought in under .01 cent (.007 to be exact). This coin easily grew to over .021 which could have had some day traders selling but with the prices of broker fees, I am long term in this game. Saw some retrace but (I have doubled my account since this journey. On another note, With states legalizing everyday, We will see nice volume and growth very soon. (here are all states that allow medicinal for an example)
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Hawaii
Illinois
Maine
Maryland
Massachusetts
Michigan
Minnesota
Montana
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Dakota
Oregon
Pennsylvania
Rhode Island
Vermont
Washington
Also recreational use including Alaska, California, Colorado, Oregan, Massachusetts, Nevada, and Washington.
This will be huge for THC coin as it has a direct purpose in the crypto world as most are competing for Security in creating a currency. This coin contains both. Florida is on the verge of Recreational use so this can cause major Moves in THC coin.
( Speculation not investing advice)
2nd up in my crypto journey is CBX
You need a coin that will be the ultimate security driving force. With easily being susceptible to hacking on line, or brokers possibly taking your coins as we have seen with Mt Gox for us early bitcoin adapters. Just a hint, The owner of mt gox now owns another broker. (Follow me for more drops and Golden Nuggets Ill drop on you guys. ) With only 1 Million coins available you will want to hold on to these Gold backed coins. After all the ability to print dollars killed our U.S. Dollar. This should drive value up beyond belief as I feel This coin is undervalued.
Last but not least, I love Pro Coin! This coin will be the future of digital E commerce transactions! Dont take my work? Look up Kevin Harringon and iProNetwork On youtube and you will be a believer. We have seen numerous Retail stores going under as the internet has done something huge to the way we buy items. Amazon and Alibaba have become power houses worth more than countries. Digital platforms as KH mentioned have taken over such as AirBnb and Uber. Mix all this will blockchain and you will be seeing a coin that surges in value because of all its use in this world we are transitioning to. Dubai is about to become the first ever BlockChain City ever! We are on the the brink of something huge. Buy coins and hold for the long run.
Follow me for more drops in crypto.
Have a great one Peace out!
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There is one thing I'm not getting with the hundreds of coins that people create with the BTC algo. Why do we need them?
Take for example HempCoin that you have invested in, why can't I use just BTC? I'm not talking about ER-20 tokens or ETH based, but simple crypto coins.
Ok, they are specific for a sector, like casino coins etc. but that to me seems against the philosophy behind the blockchain itself.
I would actually love to hear your point of view on that considering you invested in THC :) Thank you!
With btc being the base of almost all crytpo transactions its hard to really think we do need other coins. I bought thc because Ive seen what hype can do to coins. Xrp for example. I was able to buy in at around .03 and turned 298 into $550 or so. I pulled the plug early but could have rode out to around 1,200 usd where it is now around .23 cents which could have my account around 2,000 plus. (This is why I am holding long term now) Also for the fact that other countries are picking alt coins that they are basically backing instead of BTC. Which tells me there will be more room for other coins. Just gotta find the ones that are valuable like the ones I mentioned above and hold. Ive seen coins move with the price of btc as well. If you can specualte 5-10k for btc, all other coins with value and tech behind them will increase as well. Might as well be able to buy at low satoshis and ride out before the masses start buying ;) hoped that helped and Id like to stay connected with somebody that asks questions like yours!
Good answer, and actually can't say anything against it but I may try to switch the focus point :) just for fun of course.
The model you presented seems quite linear, BTC allows payments, new coins are created with the same algo, everything goes up, we make money.
But what if, people develop different blockchains such as IOTA, ETH and only the strongest crypto per purpose survive; in payment case, BTC. In this case your long term strategy will fail and therefore it is better to go only on pure speculation and max middle term.
Does it make sense what I've written?
BTW totally agree! I started following you so hopefully we can exchange thoughts and investment ideas :)
I also have bought coins to ensure I can get out with very nice profits at only $1 a coin. As for the different blockchains you have mentioned, I do see a major pull back that will allow us to buy ETH at around $100 Which I see as a valuable coin with their smart contracts. So at that point is when I hope that point is reached of the strongest surviving. As far as my long term strategy, No matter which way it goes atm I am invested enough to pull half out when I feel necessary and will let the rest sit as Itll be no loss to me if they take a dive because Ive extracted more than enough profits.Ff they continue up I will be feasting lol. Anyways It is time for bed for me. Very nice to meet you!
As far as investment ideas.. any time!
Seems like you are using an anti-FOMO strategy really similar to mine :)
I 100% agree with your analysis, and I really hope to see ETH back again at $100, that would totally make the FOMO Fans running away.
Cool! We are totally in the opposite side of the world in this case, here in Singapore is 5pm. Have a great night and pleasure to meet you!
That day will come ! Anti fomo huh? That sounds about right.. a pastor I watch has his church there. Joeseph Prince if you've ever heard.
mmhhh not really to be honest, but thank you for the information :) I will take a look in this case!
@dspencer!! this is flame bro! so much insight in one post! Definitely have to follow you to see more!
Sent you the follow! Thanks for the support !
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