Crypto Journal Log ((( Resteem 1.27.18:12.32a )))

"My strategy going forward is pretty simple, Im investing in tokens that I think can provide real world solutions to problems or provide value in future.

funfair, POWER, BAT, Tron, IOTA have huge potential to me."
{(( ::| QUOTED FROM |::
https://steemit.com/money/@quattrobit/evaluate-my-blockfolio-round-2 ))}

This quote is a great idea, for anyone looking for some orientation as to where to invest their money. Find currencies that have value outside of just being a currency. Utility currencies are going to exist because they are programmed almost as a by-product of some other 'main' activity, and as long as that 'main' activity keeps going, those coins will remain relevant.

To know the 'why' behind why you're considering a coin as a long-term hold is exceptionally valuable. If you're purchasing a coin that is a good currency and nothing else, it's good to know that. If you're purchasing a coin because it has a good utility and a good currency, there is a more dynamic aspect to its value, and it is good to know why a community of people will believe this coin and its function are important.

~-~-~-~

A note about saving, buying, selling, and trading:

A good goal is to continually be increasing your supply of any coins that you trade with, unless for some reason you believe a coin is a total waste, or, in rare moments, maybe it is a good idea to sell out temporarily of a coin to purchase another in a good moment, with the plan to buy back a good portion of that coin when it's a good time to buy.

How this could look:

|1| I buy some LTC with USD, through Coinbase, and then transfer it to my HitBTC account to trade for other currencies.

Here's an affiliate link to Coinbase, which will earn both you and me $10 if you use this link to sign up, verify, and deposit $100 to Coinbase with a new account:

https://www.coinbase.com/join/5a594c5df658bf0163e82639

... And here's an affiliate link to HitBTC, which will earn us revenue continually, if you use it to sign up for a new account:

https://hitbtc.com/?ref_id=5a3d32050dde2

|2| Once I transfer some or all of my LTC to HitBTC, I wait until I find something which has dipped under its recently 'normal' price, or some target price I have in mind, and then if LTC is within an acceptable profit margin, I'll buy some quantity of the other coin.

|3| For the sake of this, I'll say I use .4 LTC to buy BCN and I save the other .0xxx and add it to my savings of LTC.

|4| That .4 of LTC, at this moment, would go for $71.71, which would buy 9910 BCN, which at this moment I actually would not make that decision, based on what I've already purchased and sold these for recently, but for the sake of this, we'll go with current prices.

|5| So now, here's the point of everything below the ~-~-~-~ above ... When I sell or trade these 9910 BCN for whatever reason in the future, I'll hang on to maybe 2000 or 3000 of them, and just keep them in addition to whatever other BCN I've been holding on to.

This concept is really a simple concept, but it's worth considering and pointing out because a lot of people seem to just buy or sell 'all-in' all the time, but if they would hang onto a portion of their coins, there is a really good chance that we could be the second generation of over-night (over-month?) millionaires.

It would only take one or two of these tiny coins to pick up steam one day and skyrocket similar to how Bitcoin did at the end of last year, when it went from a few hundred dollars to over $19k in less than a month's time.

Even if several of these smaller coins only perform a little, or under-perform or fail, the majority of coins seem poised for a sustained upward trend over the next twelve months, so a good, diversified portfolio is definitely a good recommendation. One that is full of coins that actually have a good reason for existing is one that has that many more reasons to exist.