How Steemit Introduced Me To Cryptocurrency Investing And Opened Up A New World Of Possibilities
I'm new to cryptocurrncies and by no means an expert. I was first introduced to the whole digital cash world when I got involved in Steemit. I read somewhere that that was one of the original intentions of creating Steemit, specifically to introduce the masses to the cryptocurrency world.
If that was the mission it was definitely accomplished. What started as gently dipping my toe into the crypto waters has turned into a bit of an obsession with varying but overall profitable results.
I wouldn't go so far as giving investment advice but there are a few coins that I have purchased at what seems the perfect time and it lit a fire in me that will not soon be extinguished. I have a feeling many of you on Steemit have the same obsession and so I want to share with you some of the best buys I have found in the world of cryptocurrencies so far.
First I invested in Bitcoin, Dash, and Etherium with a buy and hold strategy and I will continue to buy them and hold them.
Some of the more exciting investments I have made are:
PIVX
PIVX is one of the more promising coins I bought into. They are a combination of the Bitcoin and the Dash protocols and seem to have incorporated the best of both of those platforms. PIVX has super fast transaction times and very low fees and also allow you to earn coins by staking or holding coins in your wallet.
Their website describes themselves as:
PIVX, Private Instant Verified Transaction, is a privacy-focused, decentralized, open source cryptocurrency run by a global community run by creators, innovators, and technology enthusiasts. credit
I bought some on Bittrex.com and was lucky enough to get in at .16 cents and bought some more at .48 cents and again just two days ago at $1.17. Today it is trading at $1.53 which puts a smile on my face and I believe it will continue to climb over the next few months.
Looking at their roadmap they seem to have a plan and are moving in the right direction. Another thing I like about PIVX is that they built the community first before pumping the coin through marketing whereas most coins do it the other way around. That's also what I like about Steemit. Building a community before building up the coin is a good strategy in my opinion.
Like Dash, they reserve 10% of all coins generated for a treasury for future projects and anyone can submit a proposal to the community to vote on for approval. I can feel my gears turning and will probably submit a proposal of my own in the near future
The community is very active and helpful and can be found on Slack and they also have a forum
Watch The PIVX Video
Ark
I have climbed aboard the ARK in a big way and just in time it seems. This coin has come out of nowhere and looks very promising, They have developed some new innovations I have not seen in a crypto coin before and should make it easier for non tech people to use.
ARK provides users with innovative use cases through the development and integration of technologies that power the blockchain universe. Highly flexible and adaptable, ARK is a secure platform designed for mass adoption and will deliver the services that consumers want. credit
Ark is integrating a physical card system as well as a digital coin and creating a peer-to-peer exchange that will work on all social media platforms so people can exchange value on multiple platforms. They are also working on something they call SmartBridge that will enable cross blockchain interactions.
In their own words:
Ark will bridge other blockchains via a vendor field known as the SmartBridge. This includes, but is not limited to: Bitcoin, Ethereum, and Lisk. credit
I got into ARK when it was .0693 cents and today it is trading at .1639 cents and climbing. It's not too late to grab some and I'll probably grab more.
Watch The ARK Video
Ripple
Ripple is the banking system's way of capitalizing on blockchain technology. It's by no means a decentralized blockchain as it is controlled and used by banks but they benefit from the cheap and fast international transactions.
I figure banks are not going to let this technology slip past them and as more banks sign on ith Ripple the potential for the price to go up is good. Why not play both sides of the coin so to speak so I bought some.
I got in at .0063 cents and today it is selling for .0341 which again makes me happy.
Watch The Ripple Video
All of these coins I plan to hold for the long term and will continue to buy more so I will keep you posted on their developments. It has been a great success so far and has opened up a new world of possibilities for the future and for that I will always be grateful to Steemit and this community for showing me a new vision for my life. Thanks guys!
One other coin I have been looking at is BitConnect which trades on its own exchange and the price has been steadily rising and it also pays interest for holding the coins.
If you hold any of these coins please share your experiences and insights. I'm curious to learn more and besides, that's what the community of Steemit is all about.
I have both ripple and pivx and like you have gotten into this lark solely through steemit which makes me love this platform all the more. I never had any inkling about any of this kind of thing and now find myself talking the talk like an old hand at times!! Madness ;0)
It's so cool, right? So glad I've lived this long to see all these new technologies coming into the world.
Absolutely, its quite funny when talking to people now and its so alien to them. I hope that crypto really takes off and becomes wild mainstream
Just stumbled on this post. Reminds me to get some PIVX. Sad it isn't on Polo :( Tell me if I am to late to get on board!
You are not too late! I think it has a way to go! Watch it just now and when it troughs down a bit buy in!!!
Bought a bit at 0.0016. Let's see what happens next. Thanks!
You are practically laughing already. New we can all cross our fingers :0)
It IS weird how it jumped to over 0.0017 already. Is this your doing?
I haven't done any research on Ripple or PIVX but I see marketing for them everywhere! With VIVA coming down the pipe I figure I need to kind of stay focused on what I have and what I'm doing because I think my brain pan sprung a leak with all this learning stuff. LOL
What do you like about Ripple and PIVX? Do they have a decent community? What about DASH?
Well, and here is the rub. I am a steemian and I struggle to find enought time to devote here so callously what like about them is the hype that is goi g about because I know it will be good for the price and sure enough they have consistently gained over the last month and turned a nice profit! I believe there is a good community around PIVX I don't know so much about Ripple.
Hehe, shocking eh! Dash has a very good community. But sssshhhh don't tell anyone, its doomed...
shhh...right...PIVX community rulez..
;0) hehe!
PIVX has built their community up before their coin, much like Steemit has done and are actually a fork of Dash. I'm watching the price and the community grow daily.
Ripple is the enemy and not decentralized at all, but major banks are jumping on blockchain technology and I think it's wise to have a piece of that too.
The PIVX community is on https://pivx.slack.com
Hmm. Looks like I need an invite code from the administrator to join but not seeing any contact information to do that.
I didn't need any code, just my email address.
I thought Steemit was my first run at cryptocurrency but it turns out that I was actually in the first distribution of Stellar a couple of years ago. I've since exchanged it for STEEM but I have no idea what Stellar does or how I can participate to earn more so... Steemit is definitely my go-to crypto.
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Great stuff! I sold a few thousand Ark, but now I kind of wish I held on to them. I've never really gotten behind Ripple. I had some of their initial distribution but I ended up selling it a long time ago because it seemed like a centralized system to me. I'm hearing more recently that's not the case. What are your thoughts on that? As to PIVX... heck yeah. That one has done very well for me. I got my initial investment out along with some profit and I still have more thank 4k to play with. :)
Ripple is more centrally controlled by the banking system it seems. Central banks are defeating the whole concept of a decentralized blockchain regarding Ripple but I wouldn't bet against them. It's kind of like sleeping with the enemy and yet the price is slowly rising as more major banks sign on. I'm just playing both sides of the coin.
PIVX just climbed from 1.53 yesterday to 1.80 this morning. Yea!
Yeah, I just post this morning about how my favorite currencies all did well last night.
Yeah, it's in banks' self interest to keep crypto centralized. If they don't they will go the way of Blockbuster video.
Agreed. That's why I bought some Ripple to and plan to hold it and see what happens. I don't like supporting central banks but still, I wouldn't bet against them. They do know a thing or two about finance and the fact that they are investing in blockchain technology shows the promise behind blockchain.
great investment
Welcome to the club! keep learning and watch that wallet grow nicely.
This wallet growing game is the most fun game I have played in a long time. Been enjoying your posts about crypto and learning a lot from them.
Ripple its the future.
Can someone point me towards the idiots guide to buying some PIVX, ARK and RIpple?
There are many different exchanges to use but I use Bittrex. Here is a video on how to do that.
Why is ARK frozen at .15 cents?