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RE: Abandoned Coins

in #money7 years ago

So the amounts of your assets are low, you can be an open book about this but not for ever. First I am not sure if you know why the BTC is actually low but it has to do with a development in the system. Making demand lower, but still a lot higher then the supply. In August a major decision is made about the blockchain, with 2 options people are mostly pulling out of uncertainty. Once people get back in the demand and price will go up.

How ever the instability and the fact that I like to order stuff with bitcoin also made me consider I rather have some steempower then bitcoin now. So I turned a small amount back to steem.

About Ethereum, it's the different then bitcoin in a lot of ways. for one people have way more control over it. Essentially meaning that banks who have Ethereum on their assets coulda actually be their own central banks. Within a decentralized system if they find the right programmers for it. So unless you are a big investor, skilled programmer or some other good asset to the network Ethereum is just another currency. Before you consider get into Ethereum and add it to your assets you should try get a deeper dive into market capitalism.

Currently I'm just waiting till august and see from there, my assets in bitcoins are not actually as big that I should worry. If you want to invest you should be prepared to take a lose and there is no difference with miracle stocks like bitcoin. If you wanna play it safe, invest in someone with a good idea & realistic plan if you have the capital for it. (e.g. start-ups)

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Thanks for advice. Ethereum has a lot of potential like Ripple and Litecoin.
I had different coins but bought back Bitcoin because I feel BTC will rise up again.
I felt that BTC will rise much more than the other coins would.
I only have about 1K USD or less. I don't make a lot of money compared to others.
So, what I do have is a lot for me.... Steem & SP may go up too... I have 100 SP right now...

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