Crypto Fire sale!
As we all know, the cryptos have been decimated over the last couple of days. High volatility is the norm in this asset class. I guess if you can’t handle the swings, you ought not to be investing your money in this space. So, here we are, Bitcoin and other cryptos down collectively 10’s of Billions of dollars over just the last couple of days!
Arguably a great time to buy in (or not). So let’s play a game. If you were buying your first cryptos ever, and you had to choose only 3, which would you choose and why? Let’s assume you had $100,000 to work with.
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Steem. Power up and curate the crap out of some good content!
Yup, that’s a good plan!
100,000 today? 100% Bitcoin. Would not touch a single alt today.
Tomorrow might be different though.
I get that. Sometimes I feel like 100% bitcoin. Couldn’t go wrong anyways!
I am liking Litecoin today and glad I have some of them.
Litecoin is one of my favs for sure!
Have a nice day.
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Yes, STEEM is one of my top 3. Especially at these prices. I like EOS and ETH, but not for my other two picks.
Starting fresh with $100K, I'd keep it simple at:
Bitcoin 65%
Ethereum 30%
Omisego 5%
Good choices, I’d go 45% bitcoin, 45% litecoin and 10% steem.
After buying a few in the teens and selling a long time ago, I've avoided LTC since it's seemingly duplicative in function of a far more adopted BTC. Would you mind sharing why you like it to that extent? I might need to be swayed a bit.
First of all, Charlie Lee the creator of Litecoin appears to be a very intelligent (and modest) guy. Litecoin has a max supply of 84 million coins, 4 times more than bitcoin. Cheaper transaction fees, 4 times or more faster when transacting. If you go to a crypto atm, mostly you will find Bitcoin, Litecoin and Etherium. Which makes it easier to buy. Cnbc has listed bitcoin, litecoin and ether mainly over the last year= general public recognition. Bitcoin = store of value and litecoin = day to day, smaller transaction use cases.
I hear you, especially on the public recognition. RE: fees and speed, I agree at this stage, but have a feeling that bitcoin will scale and catch up in that department in due time. Charlie also sold all his LTC and left his position, which was surprising. How do you feel about that?
Charlie runs the litecoin foundation and sold to avoid a conflict of interest as he promotes litecoin. I think it was a bold move.
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