Etherpunk's Cryptolog #1 - The Greener Side of Summer 2016
Hi there. I'm Etherpunk. Logging in for the first time.
Take a look at the market today. It may change anytime soon lol.
You see those? Greens going on all around in cryptocurrency land today. People are hedging on "magic internet money" at this very moment. People and their economic insecurities. Brexit schmexit. Fiatcurrency is seeping into cryptocurrency. But those numbers don't actually mean much. Perhaps only volume. More volume, more attention.
If you aren't in the game yet, take your time. Study the materials and do your research. I'm here to freely explain the scene. Just ask away.
I will have close to zero daily trading tips. I'm not even a trading expert. The short-term future is simply too unpredictable. I know that, being an ex-Forex player. Playing with leverage isn't exactly the best idea. From a grand economic perspective, leveraging is only there to maximize market efficiency in making someone rich or poor at lightning speeds. Leveraging is only fitted for people with skin-in-the-game.
The most valuable advice I've gotten so far in cryptoland was in Poloniex's Trollbox.
"Learn to hold onto value for the long-term. Pay less attention to price speculation." - A Wise Poloniex TrollSo there, I'm a long-term holder. I don't have much, however. So now I'm writing and learning to develop. I want that sweet crypto. I think the popular cryptocurrencies are just technical hurdles more than anything. Anything technical may be surpassed, but there are social elements in the mix as well that cannot be underestimated. Morale is finite. But great social platforms are faucets for replenishing Morale. IMO, some of those cryptos have good signs of both. Cryptos complement each other to some degree. Antifragility.
For now, let's be social and let's create great content!
Keep in touch,
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Hi there.
Can only agree, day-trading can be fun but also frustrating, it's great because that way more people can have that experience and understand the whole economic game much better. I just didn't felt really productive, more like playing poker and if I have to gamble I rather play live poker, that is much more fun.
Long term holding is also supporting the systems that we believe can bring change forward, platforms born out of the cryptocurrency concept but that add real value not because they are a replacement for fiat but because they enable people to start doing everyday stuff in a more honest, socially empowering, and self-deterministic way. These new tools that are being created now are the forefront of our new society. In the past this was only done by a limited amount of people, what we have now is that anyone can start participating in creating this new model.
Spot-on brother. It's a brave new world with blockchains. I'm slowly transitioning half of my self into the cryptoworld. Been doing good so far. Learning to devleop for Ethereum has been one of the most exciting activities I've been doing for the past year!
Nice post. Agree with you with almost everything, cryto trading is very volatile good for day trading. Also holding long term makes sense i started trading cypto in January 2016 my first ever experience in trading.
I got few ETH at around $1 still have them now.
I was sitting on my ass back in January! And then a friend called in March to tell me that eth has reached 10 USD! A little late but yea i've been trading on the swings - without leverage and it has been doing good for me!