Hey Friends!
(Clarification: pic above is a throwback pic my friend sent me of us together, Steemit is my only social media)
Sorry it has been awhile since I've blogged, I've recently had some family drama, stress, the hazards of love, etc.
But that is neither here nor there.
Lately I've been thinking about the future of social media and its pros and cons. My friend texted me the above picture from a few years back because I do not have social media and she wanted me to see it. I loved the memory, but it got me to thinking how disconnected I am from friends and family due to my choice not to participate in social. My view on centralization and responsible living just won't let me, and that is why I'm thankful to @ned @dan and the Steemit community.
After watching @jeffberwick interview with @dan I am thinking of putting my money where my mouth is and investing my life's savings (around 35k US) into BitshareS, Steem, and EOS. There is just something about @dan I trust, and, although I may be naive, I really think he is trying to do some good in the world. Basically, I am thinking of going all in on @dan.
My question to you guys is, what is the relationship, if any between the 3 coins? Should I go all in on one, or spread the love? Do you think there are other coins that should be considered? (I already hold some bitcoin, litecoin, ardor, Bella, golem, and others).
I really would like feedback from the Steemit community, I really trust you guys.
Always,
Summerskin
(Took this pic at an optometrist office, thought the little guy was cute)
I highly recommend you DON'T go all in. It's very tempting because there's going to be a lot of money made over the next 2-10 years in the crypto space, but it's going to be very volatile and risky.
I would recommend you pick a few coins, learn how to read up and research them. What do they do, how are they going to deliver value, why would anyone use them, how big is the team behind them, how much money is there for development, why are they better than a competing coin?
If you start small with maybe 10% of your funds now you'll get some skin in the game and learn a LOT. You'll learn how, when and where to trade crypto coins and you'll start following them and learning about them. Once you've done your own research you'll start to feel more confident about what it is you're actually investing in and why.
It's at that point that you'll find yourself getting confident enough to invest more of your money and it'll be you based on your knowledge rather than someone else's.
Don't let FOMO get the best of you. You can still start small now and get learning and still have plenty of time to make a good return over the next decade. This technology is just getting started. A lot of people are going to lose a lot of money and a lot of people are going to make a lot of money.
Two tips to always keep in mind.
Be smart about it and you'll have a good chance of coming out on top.
Good luck!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You're right. After thinking about it further, I cannot afford to lose all of my savings, but I do want to take a risk.
So I have decided to do about 3500 to start and see how it grows. Then since there is still a significant amount of time till the EOS ICO ends, I'm going to wait and see if I can get any of those coins with any profit from my 3500 investment.
@dan is so compelling though, it's hard not to get caught up in FOMO. Onward and upward!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post received a 2.6% upvote from @randowhale thanks to @summerskin! For more information, click here!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit