How to invest (nearly) FAIL-SAFE in next-gen cryptocurrencies like STEEM

twinner (68) in steemit • 8 years ago (edited)

View this post on Hive: How to invest (nearly) FAIL-SAFE in next-gen cryptocurrencies like STEEM

8 years ago by twinner (68)

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kimberlee17 (4) · 7 years ago

Thanks for starting this thread. Really appreciate you bring this to our attention. Be prepared for a fluctuating crypto market. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? Does anyone know about: https://www.coincheckup.com They give great insights in the team, the product, advisors, community, the business and the business model and other techincal insights. Check: https://www.coincheckup.com/coins/Steem#analysis For the Steem Investment research report.

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4 votes

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drako (34) · 8 years ago

Nice exit strategies!

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1 vote

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twinner (68) · 8 years ago

Hi drako,

please check out my new idea ...
https://steemit.com/money/@twinner/financial-freedom-lifelong-with-minimal-effort-introducing-the-permacryptofolio-system-a-public-trading-experiment-using-real

Best regards,
twinner

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kewpiedoll (53) · 8 years ago

Two important points that you made I think are worth repeating:

Don't leverage. Invest what you can afford to lose
Have a long term horizon
The first one is important if you want to avoid bankruptcies. The second basically means you are a buy-and-hold investor. Short term trading is either arbitrage or gambling. (and Arbitrage = zero risk, in other words, a guaranteed gain. A lot of people think they are in an arbitrage situation but they are not)

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1 vote

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twinner (68) · 8 years ago

Hi keypiedoll,

please check out my new idea ...
https://steemit.com/money/@twinner/financial-freedom-lifelong-with-minimal-effort-introducing-the-permacryptofolio-system-a-public-trading-experiment-using-real

Best regards,
twinner

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kentdenns (25) · 8 years ago

Great strategy. I was thinking of buying and selling some btc, eth and xmr as well. But I don't have a concrete strategy in place. I just know on top of my head that the price within a month is falling, then I would buy. If it shoots up, I would sell. Clearly I am not really a trader and rely only on my gut feeling. Thanks for sharing your strategy. I now have a clear view on how would I do it if I proceed with my plan. Of course I only have micro account on those currencies but it's a good learning experience.

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4 votes

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twinner (68) · 8 years ago

Hi kentdenns,

please check our my new idea.
https://steemit.com/money/@twinner/financial-freedom-lifelong-with-minimal-effort-introducing-the-permacryptofolio-system-a-public-trading-experiment-using-real

Best regards,
twinner

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spookypooky (55) · 8 years ago

You seem to #love all these #tags sprinkled #randomly within your #post..

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2 votes

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rdigh (35) · 8 years ago

Wow, fantastic read. This completely opened my eyes to the possibilities of crypto currencies. As the stock market has been bad to me lately, I am going to do more research on crypto currency investments. thank you

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2 votes

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twinner (68) · 8 years ago

Hi rdigh,

please check out my new idea ...
https://steemit.com/money/@twinner/financial-freedom-lifelong-with-minimal-effort-introducing-the-permacryptofolio-system-a-public-trading-experiment-using-real

Best regards,
twinner

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gilang-ramadhan (0) · 8 years ago

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Reveal Comment

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justbc (53) · 8 years ago

Great post, even if it's not the best strategy.

Did you invest in STEEM though when it crossed $10M? I see that you don't have any added STEEM power to your account.

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3 votes

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twinner (68) · 8 years ago

As I mentioned, I dont like that STEEM Power is locked 2 years. In this time I cannot sell.

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4 votes

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twinner (68) · 8 years ago

Hi justbc,

please check out my new idea ...
https://steemit.com/money/@twinner/financial-freedom-lifelong-with-minimal-effort-introducing-the-permacryptofolio-system-a-public-trading-experiment-using-real

Best regards,
twinner

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shortcut (70) · 8 years ago

Great article, thanks for sharing your knowledge.

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3 votes

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ap2002 (40) · 8 years ago

Thanks for sharing.

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1 vote

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twinner (68) · 8 years ago

Hi ap2002,

please check out my new idea ...
https://steemit.com/money/@twinner/financial-freedom-lifelong-with-minimal-effort-introducing-the-permacryptofolio-system-a-public-trading-experiment-using-real

Best regards,
twinner

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financialfreedom (33) · 8 years ago

That's a damn fine strategy! Yet another day I learned somthing on Steem

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1 vote

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twinner (68) · 8 years ago

Yes, active trading is to nerve consuming and often external events like the DAO-Hack or other whale interests kill any technical analysis based trading.

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1 vote

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twinner (68) · 8 years ago

Hi financialfreedom,

please check out my new idea ...
https://steemit.com/money/@twinner/financial-freedom-lifelong-with-minimal-effort-introducing-the-permacryptofolio-system-a-public-trading-experiment-using-real

Best regards,
twinner

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roy2016 (57) · 8 years ago

Thanks for your interesting post!

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2 votes

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madelinesanchez (7) · 7 years ago

Nice article. Nice to see I'm not the only one who thinks like this. The trustworthiness of the crypto is based on: A solid team, product, advisors, preferably VC investors, etc. Sell all cryptos that don't have this solid background. It's a waiste of money. An interesting website I found: https://www.coincheckup.com. It's a great site that gives in depth research on every tradable cryto in the market.

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