Sometimes we look down on some cryptocurrencies and just assume they won't make any good value or even get to $1. But sometimes when proper research is made, these coins could make you some cool cash at the end.
Just today I was going through icostats and I just got wondering what would have happened if only I had invested just $100 into NXT in 2013. If I'd had done that, I would have made a gain of about $14,000 minus my capital when 1 NXT got to $1 (last ATH).
I always tell people to invest cash that they can afford to lose. As you can see this NXT was sleeping between 2014 and middle of 2017. That's 3 years + of sleep, but after that 3rd year came great gain. Imagine if that was your savings and you were expecting a good gain in some few months, you would have been disappointed,?
So make sure you invest money you can afford to lose and think long-term when you're dealing with cryptocurrencies.
This analysis was done with icostats, A website that gives you the ROI of different cryptocurrencies and also tells you about different ICOs going on and those coming up.
Make you make proper research before buying any cryptocurrency. It's better to get a tutor to teach you about cryptocurrency investment than going in blindly. DYOR
Thanks for visiting my blog.
This post keeps me motivated, i will surely try a new thing..i have done my introductory post as you told me boss, being busy lately. Thanks so much, you are great.
OK lemme check it out
Well... I'm not a cryptocurrency analyst but under your "mentorship", I'd call it, i have learnt a lot.
When you say
I always wondered if there's any money that is spare. But when you started to use the
I caught the drift and it's been working.
The growth of Some cryptocurrencies are sometimes based on speculations and that's why we always end up using the "had i known" phrase. But we'd invest nonetheless, with the money we can afford to lose.
Thanks for sharing.
You're welcome dear
Most times people are not patient enough to wait that long even with monies they can afford to loose. To think long term in crypto is ectually the best. Nice one @samstickkz
One needs to be patient with these kind of investment
It's good to think long term with crypto, but more important is to diversify one's investment. When you diversify, you won't need to beat yourself down when one CRYPTOCURRENCY is not performing to your expectation. Plus you won't be stranded like most steemians are now with the fall in SBD and steem price.
The fall of sbd has left many stranded. One of the reasons why one needs several sources of income
True.."Invest what you can afford to lose"
Never knew about Crypto until mid last year.
Never late entering the crypto good wagon. Lol!
Crypto truly is long term...FUDs have made so many lose the chances of making some good bucks
Long term is the key
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OK
Thank you Sammy. The post is comforting. Considering the current states of cryptocurrencies