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RE: Whaleshares + the50 = minnows win! and free Ohm giveaway!
@jphenderson This seems interesting, but I have heard bad things about Bitshare, nothing specific that I can pinpoint. It just seems the consensus vibe I get from reading much of the content online published by Steemit creators implies that lessons learned from Bitshare are what made Steemit what it is today, but Bitchare's time has come and gone. Am I wrong to think this? Is Bitshare safe and legit? If so, I definitely want to get involved.
Bitshares is definitely safe and legit. When they talk about lessons learned from bitshares they are referring to the technical data as well as some of the way the voting is structured and everything. However, as a cryptocurrency platform bitshares is by far the best one out there and it's time is far from come and gone. The future of bitshares as an investment and trading platform has never looked brighter.
Thank you for that. I think I will look into it. One thing I noticed overall with the crypto-sector while monitoring the ebb and flows of Poloniex tickers across the board is that it seems one would benefit more from just investing in all the current currencies out than just the top few. While maybe this shouldn't be done blindly, it seems like this applies even with the crap coins as recently there seems to be more green than red and more than a few runs are 50%+, daily, while the downs rarely dip below 20% and on average 10%. Don't hold me to those numbers, and I have only been watching closely and daily for about 6 weeks now, but what is your take on putting on a blindfold and just dividing a portfolio across the board?
I would say that's a fairly risky gamble but could really pay off especially right now as everything seems to be going up. New coins can be a good way to make a lot of money real fast as they start low and build but often they become a pump and dump scheme and you can easily lose a bunch. Basically, they are higher risk but have a higher chance of a bigger reward.
Yeah. The idea here is clearly that you have less to lose and more to gain. With penny stocks, they are usually all trash and so many that it's not possible to really identify the good ones through all the noise. I imagine the crypto-currency space will eventually be over-saturated, but at this moment it's still developing and the long-term objectives of cryptos as a whole suggests even the trash coins are undervalued in the context of how they will first be perceived during the massive crypto adoption stage, which is supposedly coming around 2020, not now. We haven't seen shit yet.
Exactly, with the way markets are now it's kinda hard to lose money short term trading even on crap coins and the market is ripe for long term investments if you do your research on coins and pick ones you think will go somewhere as many will have good gains but some will be next to nothing in a couple years.