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josteem (58) · 7 years ago

Theoretically, to me, what you say is sound, but I find it kind of difficult to put it in practice since the stablished projects are already high in market cap and growing potential is slow comparing to the new good ones that might replace in the future. Remember it’s tech which is risky and no guarantees... so I have to dig in many new ones before I simple say no ... of course there is a sure and easy ‘ NO’ for any clear sh*t coin or project .. but still the work is hard to discover the potential new hidden Gems for the future .. that cost time and stress and overwhelmingness sometimes ... overall, I like your article and it’s sure something to consider and remind ourselves ( about value added projects) not only everything about quick money !! However, it’s not easy for everyone to keep that value focus especially in this unfair world !

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3 votes

rok-sivante (75) · 7 years ago

Well-said. Though for sure, some of the bigger we’ll-established still have significant upside potential. We probably won’t see 1000x on ETH or BTC this year, though it’s pretty safe to guess they’d still outperform any traditional investment vehicle.

Thus, the classic wisdom of a diversified portfolio - with well-selected constituents, of course. Hold a majority in the “safer” but still reasonably profitable options - while throwing in some newer ones with strong fundamentals.

Or not. To each their own. Though, that is what many might suggest - for valid reasons...

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solar (52) · 7 years ago

Great post,

I've come to learn to keep it simple in investing. Spreading thin is very tempting. I think after a while you get numb to the advertising and the shilling and realize how much of this is just a big circle jerk.

The crypto economic and communication experiments happening here are world changing, but as @rok-svante suggests, our time is more valuable than the effort it takes to be invested in all the perfect networks. Let gravity do its work. Stick to what you can really understand and what is truly useful.

I'm gonna also give a shout out to https://www.iconomi.net/ not for its token, but for the mutual funds it provides (digital asset arrays). Let some one else do the research, to understand what is really a good team and product, we are all too easily fooled by marketing. Don't waste your time chasing the next coin, most people just lose money in the long run that way.

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2 votes

jjeeppeerrxx143 (46) · 7 years ago

First things first the title of this blog looks very interesting for people like me who have interests in crypto trading.

"Saying NO: The Rarely-Spoken-Of Secret Sauce Of Successful Crypto Investing."

Investing is risky but we have all the tips and guidelines on the internet it is up for us to learn different kinds of techniques for us to win and succeed on this trading or crypto currency investment.

This post is one of them that helps us guide on what to do for us not to lose money. You did well on helping investors understand about investment.

Thanks for this article and looking forward for more tips from you @rok-sivante

Consider me as your follower because I loved your contents. More power! Oh bu the way, I just clicked the upvote button.

Enjoy the rest of your day!

intuitivejakob (65) · 7 years ago

Hey @rok-sivante, happy new year!

I like how you explained this. It's actually how I tend to go about my crypto investments, too.

I'm just not a "pump and dump" guy.

I am a minimalist in many ways. I don't buy things to dump them or to disregard or scrape from. I'm actually more of a pleasure-delayer. I buy things I really enjoy or want to support in some way.

I find that developing a sense of cohesiveness with my interactions in life brings me more joy than passing sensations or the next cheap thrill, et cetera.

lukebrn (58) · 7 years ago

Great outlook. For my larger investments, I take an approach where I mix a project's potential with its current product and see how likely it is to succeed in the future.

I do notice however, that the more I dive in to this space (I am full time in blockchain/cryptos), the more I find myself getting involved and interested in non profits. A great example of a charity utilising blockchain is AidTech. Saying no to multiple potential opportunities did give me the time to research more projects like this which I am grateful for.

Thank you for the great content @rok-sivante. I am going to try this method with my smaller investments for a few weeks, and I will let you know if I find any projects that I'm passionate about that I wouldn't have found otherwise!

moneyinfant (56) · 7 years ago

That's gotta be one of the best pieces on crypto investing that I've read in a while. Being discerning in your investments is definitely a virtue, and the opportunity cost of investing in too many coins is more than most people ever consider. I imagine if you've less than $10k to invest you probably shouldn't be holding more than 10 coins at a time, which actually makes your investing more effective since you need to sell something if you want that 11th coin.

alexodavids (34) · 7 years ago

I arrived at this same conclusion last year, when the crypto and Altcoin buzz was at an all-time high. After taking a hard look at the markets and the rate at which new projects were being launched, I came to the conclusion that trying to buy into each new project is a fool's errand - I told myself that necessarily, a rational investor must have to leave out a great many crypto coin projects (including some great ones).

The situation in the crypto markets right now makes that line of thought even more compelling. Most cryptocoins are bound to fall into oblivion, sooner or later. Maybe 4 or 5 would survive over the long haul.

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hattaarshavin (74) · 7 years ago

Great news
Thank you so much

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husainiamin (51) · 7 years ago

Good information I will try to learn it. guide me because I am new to beginners and I will follow you

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ordosjc (66) · 7 years ago

Very interesting information, to apply, thank you friend, always providing valuable information for those who follow you. Greetings.

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greenrun (66) · 7 years ago

True. The ability to tune out the noise makes for a great investor. Trying to take a position in all may leave you open to making a wrong investment decision. Though sometimes we may say no to that project that may turn out to be our Lambo-buying project. I never regret such a situation. I just remind myself it could go either way.

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jasonmunapasee (75) · 7 years ago

this is very good friend, in every contest we have to have fun, so as not to be boring.

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putry01 (57) · 7 years ago

Post a very good friend, I like this post my friends thank you.

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missrdx (42) · 7 years ago

Very nic .I like it very much

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steemflow (72) · 7 years ago

Sir, a nice post to guide the best way of making and building a perfect portfolio. Syill not into crypto trading, but the tips are also useful for my stocks portfolio. I belive in Diversifeid portfolion in small chunks rather than bigger buy.
Great post @rok-sivante sir.....you always rock👌

Thanks
@steemflow

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gutzofter (59) · 7 years ago

Satisfying over maximizing

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sirfreeman (62) · 7 years ago

Nice article @rok-sevante. Investments and getting returns is about taking that risk. I can remember vividly when i started cryto trading, i was suppose to acquire a lot bitcoins, it was really affordable then, but i didn't take the risk. In the whole, to make profits from crypto, you have to trust your guts and take that risk.

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bulex (51) · 7 years ago

very surprising. thanks for sharing

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trumpman (72) · 7 years ago

As of today I have only invested in projects that have given me that nice "fuzzy" feeling. I am in cryptos only for 6 months now and my gains are simply too huge considering the time and money I have invested. I have taken back some of my gains but as you said I am not stressed to take all my profits outs cause I know they are legit projects and so do the other investors into them :)

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rok-sivante (75) · 7 years ago

😎

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lo-olface (32) · 7 years ago

Charlie Munger said take 3 stocks that you know really well and invest in those. I think the same can be done with Cyptocurrency.

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midun (69) · 7 years ago

Great..

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dtubesteem (47) · 7 years ago

hello friends, how are you. let me be friends with you, I have follow you.

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moexyn19 (47) · 7 years ago

This is a great post, as a beginner in this field, I got a lot of knowledge of @rok-sivante. I live on the tip of the island of Indonesia want to try a better life like you all, but unfortunately we lack information, with this post, it will be very helpful changing our mindset from hard work to smart work. May I translate into Indonesian for my repost on my blog ?. Obviously without forgetting your writing rights. I think this will help many people for their progress.

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The Dirty Dozen: My Top 12 Most HIGHLY Recommended Posts For Steemit Noobs To Accelerate Your Success...

rok-sivante (75) · 7 years ago (edited)

Yes, of course!

Feel free to translate any of my posts into Indonesian that you feel would be helpful for the Indonesian community.

There are also a few here that might be worth consideration to translate as well:

Let me know if there is any other way that I can help with this.

And please let me know once you’ve posted any translations so Incan be sure to upvote them!

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moexyn19 (47) · 7 years ago

Yes of course, this will be very useful for many people. Thank you very much. Of course I will tell you if I have translated it. Once again, thank you. I will always wait for your next post for me to translate, so that the benefits of your ideas can be felt evenly. You are amazing @tok-sivante

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moexyn19 (47) · 7 years ago

Oh yeah, I have an idea. As a new user of steemit in Indonesia we feel a lot of obstacles and complaints, even many of the beginners who complain and feel bored because their posts are quiet vote and comments, even though it has been difficult to make a masterpiece. So I have an idea like this, I will make a post about the complaints of new steemit users in Indonesia for you to read, then you make a post about the solution of the problem, then later I translate into the Indonesian language for easy to understand them, What is your opinion? @rok-sivante

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invictuz (50) · 7 years ago

Great, thanks for sharing.

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syaisyah (35) · 7 years ago

a very interesting post thanks for his information....
Regards @rok-sivante

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