Crypto

inventor16 (64) · 8 years ago

I guess it does make me a superhero tho, hahaha.

$21.20

andyluy (69) · 8 years ago

well, everytime you vote up one of us being touched as the Steemit Midas angel

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aarellanes (56) · 8 years ago

Great Post this is! ;)

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stackin (78) · 8 years ago

Those are GOD levels ... shesh! 😂

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inventor16 (64) · 8 years ago

Hey What's up my Vegas bro ;)

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stackin (78) · 8 years ago

Just waiting for tons of STEEMIAN Gods to come to Las Vegas and have a steemit party fest... 😂😂😂... @kevinwong where you at? LOL... apppreshh the upvote, that's like 1 drink here in Vegas 😩🍸

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inventor16 (64) · 8 years ago

Yeah man, lets have a steemit party here in Vegas.

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inventor16 (64) · 8 years ago

Now You have enough money for 2 drinks haha.

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stackin (78) · 8 years ago

Wooo Hooo... enough for 2 drinks and a tip 🥃🍸💵 🤣 ... we might have to do @jerrybanfield meetup in AUG and put Vegas on hold for 2018 lol

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Show 1 more reply

stackin (78) · 8 years ago

P.S. never seen that chart before, give me a week, I'll hit that hero spot at least, I felt unworthy the last couple weeks 😂

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patcher (47) · 8 years ago

So that would mean that there are people on Steemit who could upvote with hundreds of dollars. Beyond comprehension. Your upvote got me from dust, halfway to user HAHA. Well, I guess that if you have the guts to invest so much money in one asset you deserve this kind of power. But yeah, Steem is my best bet for crypto too!

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jerrybanfield (74) · 8 years ago

@inventor16 you're right I have been thinking the same thing lately all the crazy excitement and interest is making it ripe for a panic with exchanges holding funds and a huge selloff. I am doing the same with having minimal amounts on exchanges and holding most on Steem as well with continually cashing out now my SBD to Coinbase while planning to hold the Steem Power indefinitely! Coinbase has crashed several times even with fairly minor things and if there is anything major none of the exchanges can be counted on to keep up with the volume! Poloniex can barely handle a normal day!

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8 votes

inventor16 (64) · 8 years ago

@jerrybanfield lol, yeah man. I'm with you man, I'm buying, powering up and holding steem for a long long time. I love how it takes 3 months to power down to avoid me from pulling it out when I know I just need to keep it there.

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4 votes

mblazetic (34) · 8 years ago

all this things are bitter sweet, panic attacks after exchanges frozen because of the increasing volume... panic everywhere.. surely, everyone should keep their crptos at cold/hard wallets... buy it at the exchange, store it, stop, grab popcorns and watch... watch the volume rising...

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mblazetic (34) · 8 years ago

and ofc watch @jerrybanfield (HOW DO YOU KNOW ITS KOREAN - best one :)) and suppoman udemy

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cryptocurrencyb (45) · 8 years ago (edited)

Hey @inventor16, you can safely take that part of Disclaimer away which says, you are not a crypto currency expert. 🙂
The advises you have provided are spot on and not many people I know have such in-depth knowledge.
First advise of putting your eggs in different basket holds great value for crypto currency.
Second advise of not making crypto currency investment primary is also quite true.
Keeping coins in the wallets with only you having private key is perfect.

All these points are very important to know before starting any type of investment in crypto currency.

That's why I would say, you can take that "not expert" away from the comment 🙂

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10 votes

inventor16 (64) · 8 years ago

Haha, thanks dude.

I'm kind of anti diversification when it comes to investing. But I'm diversified because I have other offline investments, real estate etc, I'm just ALL IN on Steem when it comes to crypto because I haven't found another project that has a working app that gets me excited yet, but that could change in the future as more dapps roll out.

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cryptocurrencyb (45) · 8 years ago

That's right! Even I have been looking for a good app/site for crypto currency but couldn't find anything interesting. Steemit is the only one which is hell interesting and captivating. I have reduced my time on other social media (Facebook, Twitter, Instagram) drastically after finding this site. So, your going ALL IN on STEEM is justified. I guess we are on a same boat! 🙂

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cryptocurrencyb (45) · 8 years ago

And yes, your diversification of investment also sounds like perfect. Crypto with offline investment and real estate is cool. Crypto does have tremendous returns but it comes with very high risk factors too. So, offline investments and real estate is good choice to maintain the balance. 👍

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stackin (78) · 8 years ago (edited)

So right, it's a good idea to prepare for the worse, it doesn't take that much time to do it, positive post! 🙌🏼

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babypanda (37) · 8 years ago

Exchanges can easily get hacked, freeze your accounts, remove coins and do whatever they want with your money. It's good to move funds to wallets where you control your private keys like Jaxx, Counterwallet, Electrum and similar. Even better to keep them on hardware wallets. It's a pitty that we still don't have a good safe multi currency wallet, hopefully Jaxx will add more coins soon.
However, even Jaxx is not 100% safe, there has been a report about stolen funds recently.
Only keep the amount you trade with on exchanges, the coins you plan to keep for long term holding should be moved somewhere else.

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inventor16 (64) · 8 years ago

I agree brother.

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cryptokraze (72) · 8 years ago

Interesting point tou have made and I am planning to store half of my long term coins like bitcoin ethereum and stratis in my Ledger Nano S that I received yesterday.

About unregulation of crypro market I must say thst this is the thing that attracts most of us. Its decentralized nature that no government is controlling our money.

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inventor16 (64) · 8 years ago

I agree with the part about unregulation being one of the perks of crypto. But it's not really possible to avoid regulation. Think of it like this as long as people live in the US, they have to pay US taxes and use USD to purchase things. So really no way to avoid it completely. And if you're going to put a large part of your digital assets in an coin index fund for example, it's best to wait until they are regulated. That would be for someone who wanted to invest in a diversified coin index fund or store a large amount on an exchange like coinbase or any of the other ones.

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cryptokraze (72) · 8 years ago

Nice point you made about putting large amount only to regulated assets. I am just putting small amounts in coins with very low price and they will give good returns. Idea is to recover double of my seed money in few months and then holding the rest for long term.

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inventor16 (64) · 8 years ago

@cryptokraze that's not a bad strategy, for me personally I'm just too lazy to manage so many wallets, I really only like to be invested in 3-5 coins at once. For now I'm ALL IN on steem, until something else pops up that I like.

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cryptokraze (72) · 8 years ago

I am also very lazy but Now I am super active and posting chart analysis on regular basis and doing day trading as well.

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hasoon (47) · 8 years ago

I am also believing more and more everyday in Steem and planing to power up few BTCs daily, I think it has a great potential and what it needs is more people to know about it and advertise it to their fans.
The concept is great, it just needs more marketing so people who are also not into crypto will know about it.

I agree with you, and believe we are approaching an altcoin black friday soon, it is best to just have some liquid cash and snatch some cheap deals

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aarellanes (56) · 8 years ago

First off, I love the Wild Wild West reference!

I agree that the government would love to regulate digital currencies but Im not sure how they would other than black list exchange sites but a lot of people are believers in digital currencies and I dont think that would stop such a talented and creative community :)

I also love your advice to other about keeping your digital assets safe! I am a firm believer of telling others NOT to put more than 20% of their digital assets on an exchange! you really never know what could happen!

Thank you for your post! I look forward to more content :)

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rickvanboxtel (44) · 8 years ago

MtGox learned us to not put a lot of coins (money) into exchanges. Good that you point this out. I am hyped to see more useful projects/apps coming in the future. Keep posting superhero :)

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paulyaces76 (51) · 8 years ago (edited)

You are right my friend, cryptsy stole 2 million doge from me! So, I know where you are coming from! Good Luck to all of us!!!!!!!

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steemit1234 (38) · 8 years ago

I watch and I do not believe 😇 @inventor16

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3 votes

thechosentwo (48) · 8 years ago

Does the third coment still gets some medal
like a bronze one lol ?

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rival (67) · 8 years ago

After Reading your post. Actually it is true that steen is the only one with a real working app. Dis you see my blog About me travel plans to the us in 2019?

I hope by that time i Can cash out a portion to make this dream come true. But now after 8 days on steemit i like it more And more.

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4 votes

parthpatel (47) · 8 years ago

Yes, there are fat chances that Black Friday could happen to crypto currencies as well. As it is not regulated, some mischiveious people can take advantage of it. Day by day the community is growing and people are getting more aware so that is good part but still we can't deny it will be all sunshine all the time.

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lovedenkillenja (40) · 8 years ago (edited)

Inventor i just wanna tell you that you are such an amazing human for doing this! Even though i havent got any its anazing to see all smiles you make come through! THANKS FOR BEEING YOU, respect brother

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lovedenkillenja (40) · 8 years ago

And if i go to las vegas we can maybe meet up? Do you have like instagram or sc so we can text?

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dzboston33 (64) · 8 years ago

I am sure that they government will want their fair share of the pie and I wouldn't doubt what happened to online poker could happen here. I admit I be extremely frustrated if it were to happen, just as I was when it happened to online poker.

I truly hope that it doesn't though. As for the crypto I have I make sure that I have the only private key for it as well!

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hatemmkh (55) · 8 years ago

wow really awesome to get $71 for 20 votes
I get more votes but not more than $1 or 2
you are awesome
also your articles are well written
I followed you with honor to me
keep up your good work

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chandu91 (49) · 8 years ago (edited)

OUT OF THE BOX what i call this post.
Seeing more positive posts from top contributors on steemit today.
Nice work @inventor16

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jakemore (53) · 8 years ago

Thanks for your thoughts @investor16.

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