What Cryptocurrencies do you own ? What is the reason behind buying it as an investment ?

in bitcoin •  7 years ago 

Hello Everyone,

I have only Bitcoins, ETH and IOTA in my portfolio but I feel it is better to diversify the portfolio by adding some more good Cryptos so can you please suggest the next ETH or BTC ?

If you are trader then it will not help me much as I am only into long term investments. Please recommend me few cryptos and surely I will do my homework also before buying something but just let me know what makes you confident about your recommendation.

Also if you have mined before or have knowledge in mining then please let me know what will be the best coin to mine after ETH goes to PoS. I have MSI Armor RX570 (8 pieces) and mining ETH as a hobby and not to make any big business out of it. I know same money could have been invested directly into cryptos but this was just done to see what this mining really means in this crypto world. Thank you so much for reading.

Regards,

@AllTheNews

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I have the same as you, but I also have Ark and OMG. Oh and of course steem. I don't like the volatility and liquidity of smaller caps.

@erikolsen, Thank you for sharing me your holdings. I want to add OMG also. Do you think it is good to hold for 6 months for some good returns ? Also, I have some Steem Power but do not understand what it is so can you please explain a little bit about it and also if possible to convert Steem Power to Steem Dollars. Thank you so much in advance!!

I have been holding OMG because I love what they want to accomplish. So holding long term is good. Steem power is a long term hold. So if you put money in, you can't pull it out fast. It takes 13 weeks. But it gives you influence and voting power on here. The more steem power, the more your upvotes are worth. Hopefully that helps a little. I would read the white paper. I know it is boring, but that explains everything in details

Thank you so much for the information. Actually I found many materials on this subject but they were quite confusing to me so thought of asking someone like you who know it. By the way can you please tell me how to convert Steem Power to Steem Dollars ? Thank you in advance!!