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RE: Why I'm Changing my Cryptocurrency Investment Strategy - You Should Too! ๐Ÿš€๐Ÿ˜…

in #cryptocurrency โ€ข 7 years ago (edited)

Glad you liked it, yeah I used to trade stocks (mostly small cap/ penny stocks) on and off a couple years ago. Since I'd lose more often than gain, I quit and just did my boring Roth IRA automatic S&P 500 index fund investments. That almost doesn't count haha, but of course that's what made me the most profit.

I got into cryptos seriously just 3-4 months ago. I already started by making a lot of the "rookie" mistakes I used to with penny stocks, and I've slowly been learning to change my evil ways. Watching these videos was really the icing on the cake for me, and made me realize I really need to be serious about it in order to get to the next level.

How about you @goldsilverguide ?

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I been trading in the markets since 2008 and I started out in stocks and ETFs then moved to futures, the forex and cryptos. I love trading it so much fun even when your losing. When it comes to cryptos, i was in when bitcoin was in the 200s and i got into a bunch of mining and been mining since then. so right now I haven't bought any cryptos in years just been cycling my bitcoin into other crypotos.

Oh maaan! Well youv'e got the right strategy there fore sure - buy BTC at $200 lol. Now only if I had a time machine...

Seriously though, respect. Sounds like you're pretty set there.

what you could do is buy some bitcoin like 200 dollars worth and put it into mining companies of bitcoin they pay you from 5 - 40 a month and just keep cycling you bitcoin around till you make more and more. so you dont ever have to buy more bitcoin with you own cash.

funny you mention that, I was just looking into bitconnect and control finance a couple days ago. Although they don't technically seem to be 100% scams, it seems a little pyramid schemey and I'm not confident I'd ever get my initial investment back... do you have experience with those? If so, I'd love to hear about it!