Cryptocurrencies ( blockchain technology ) are the best thing that happened to the common masses after the internet leading to a new industrial revolution , creating news skills, new millionaires / billionaires and most importantly, reducing poverty from developing countries.
Conversely, however, this has not been an easy ride for new comers who do not have the skills or guidance on ways to proceed. Therefore, in this short article, I will outline few points that will help new comers succeed (established people too) who want to improve on their wrong strategy. Here are some few points:
Undervalued coins / tokens: It is great to focus on established leaders like Bitcoin, Ethereuem et al however , in order for you to hit the jackpot, you have to look for undervalued new tokens in their infancy – click and see my my former post : The Amazing Power of an Opportunity: Steem Power and Ethereum Lyte (Elyte) which will be a future top token. Reason is that you can get these tokens/ coins very cheap and make millions of dollars holding long term. Moreover, learn how to use coinmarket cap link https://coinmarketcap.com/ in your analysis of new coins / tokens –including a comprehensive analysis of any tokens you are interested in (except those in ICO or not listed yet) .
Steem power: First keep your steemit password and key safe and back it up. Then learn how to post great contents, upvote great contents and comment accordingly (be respectful and avoid comments like good / great post , vote for vote or follow for follow bot like comments) because doing these factors right will earn you good steem dollars including steem power. Moreover, join the amazing communities here on steemit and make new friends ( a lot of great people here). Above all these is steem power-do not forget to take up any opportunity you have to acquiring steem power and powering it up -reason is that you will get more rewards on your posts and upvotes including a good investment in the future of social media.
Learn to do it yourself: Learn to take your destiny in your hands and be wise while doing it. Reason is that most of us over trust other human being especially companies that are not 100% secure like revenue sharing firms that are based on Pyramid or Ponzi scheme (avoid them) , mining firms (there are some great ones however you can mine yourself) , centralized wallets ( some are great however you can get offline wallets which are more secure .
Moreover, use password manager and 2-factor authentication ( google) in securing all your accounts. Importantly, for day traders, never buy a coin or token that is pumping so high because traders can dump any time and take profits rather buy when price is low and sell when price is high : . "Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffet .
Now is your turn: do you agree that being an early investor in a top crypto is great? Send in your comments - upvote to send in your support and resteem in order for your contacts to join the discussion.
Click here and read my former post : The Amazing Power of an Opportunity: [Steem Power and Ethereum Lyte (Elyte)]
Note: Back end developers with blockchain experience should contact me
Too many newbies getting burned and following the hype due to FOMO. Always make sure you know what you're investing your hard earned money in!
Good point, hence why you have to do your due dilligences before investings...however remember that bitcoin was called a scam and some who bought and hold long term are all smiles now isnt it?
Great advice! Yes, I do agree that investors should get in as early as possible. They should also be sure to research and read everything about the token/coin, company, and even the leaders in the company, BEFORE investing, also, do they have experienced devs, marketers, etc. It's like anything else in life, if you try hard enough and put in the work, you'll see success...only Cryptos are not for the faint of heart:)
From what I have read, I completely agree with @charles1, Elyte will be huge...get in early!!!
You are welcome and thanks for your great comment..as I indicated in my post, such prudent comments get people upvotes. Yes, Elyte is new and people who see the light now will smile next year...more success to you and hey, see my former post for more tips....success.
great post as always @charles1
you did great! very nice insights and a good example of a great new comer! Elyte is the next big thing.
welcome am sure elyte will do great
Sure. Elyte all the way!
Great post it took me weeks to find all this out.
Sharing is caring!
This is my first day here on Steemit and I was looking for a post just like this one because I need to learn more about criptocurrency and it is really interesting what you write about looking for undervalued new tokens so we can hit the jackpot in a determined time in the future.
welcome to steemit, scroll down and see my older posts on more ways to succeed here. Also check my former post for a top new token...success to you.
My tip, do your research before buying any crypto coin. Always keep an eye on the news if you are into trading. Have a crypto tracking mobile app installed so that you can keep track of the rates. Don't sell in Panic if you are looking at long term ROI. remember all crypto coins are volatile, only invest what you can afford to loose.
Good point, you summarised it well. Are you a day trader?
Yes i am, i focus on small coins, i buy small coins with potential in large amount, so when a coin i bought rises i can recover all of my losses and get some good chunk of cash :)
Thanks for the valuable advice, I have long wanted to invest in crypto-currencies that are undervalued and have a growth perspective ... for example the waves
Good point, welcome -see my former post for a very good one...I wish you success.
How do you analyse a token to be undervalued for a layman in technology?
see my former post for an new token in its infancy...
Good advice. It's those cheap undervalued tokens that will make your fortune!
Amen to that, great that you know the secret already (Elyte hahah) ...about to check out my favorite post: Thursday with uncle boom!!!!
It's a good uncle boom this week!
And yes, elyte shite be a good one!
Elyte to the moon!!! What a beautiful read from Uncle boom...felt like 007 however more gentleman like..hmmmmm
Thanks for good advice. I learned to do it myself recently, and invested in Ark, Ripio and Bitshares as they seem undervalued at this point.
Good point, I agree..also see my former post for a very good undervalued new token..wish you success
Will do. Thank you! Wish you the same :)
you are welcome, always..and feel free to reach me if you have any questions..hapy weekend
I have a few coins that aren't doing much but you really have to wait, it won't happen overnight
You are absolutely right...holders of great coins make big money in the long term...never think short term..also see my former post for a top new token ..a good one too.
Welcome to steemit!
I am a bot built for the purposes of welcoming new users! I know that steemit may seem very overwhelming to you right now but don't worry. There's a learning curve to everything so just be patient and you'll be churning out posts and becoming a part of something great in no time!
Also if there are any questions that you may have, then just ask your questions on any of my blog posts or in a reply below and I'll be more than happy to assist you with whatever questions you may have! I will also be creating a basic starting out guide for all minnows and newcomers on my blog so do give it a read as that might help answer many of your questions!
Have fun and I wish you LOADS of success on here! :)
Also. you can call upon originalworks whenever something you post is your own content like this: @originalworks
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@welcome-to-steem
Lol, I welcome you to steemit bot
Step 1: Buy IOTA
Step 2: Become Whale on Steemit
Step 3: Wait
Step 4: Open your package of mint Cuban Cigars.
Hahahah good point...I will go with Buy Elyte Tokens plus step 2 .....and later chill with a nice wine and Milady...
you omitted step 5: realise that iota has no partnership with microsoft and see you iotas get a dent ^^
hey i am new here too and found your post valuable.. also the way you have kept it simple its more convinient to understand..
you are welcome and feel free to see my older posts for more tips...success
Some good tips. I started buying 700$ of the big 3 a week ago and now they are worth 1100 but fluctuating. It makes you nervous. But if you think that if you bought 1000$ of bitcoin 8 years ago, you would be sitting on over 100 million $ now. I can't afford a lot, but even a little can help you in the future. I will look into the newbies as you suggest. Thanks.
Good point however those are overvalued tokens and your 700USD can never make you rich incesting on overvalued coins...you seem not to get it that undervalued / sleeping beauties are the key to hitting jackpot..see my former post...success to you.
I agree with you for the most part, but remember that the big 3 can be the key to people getting comfortable with the whole process. This will allow them to learn the technical side of the exchanges and be willing to branch out into the other alt coins. At the moment the big 3 are much easier to buy, store and feel comfortable. Finances are an emotional tool for most people, they need to move forward slowly while researching at first. Some will go through this process very fast, others will take more time.
Good point , I agree however 700USD invested on an undervalued token or coin can lead to jack pot in few years time isnt it...even OMG or elyte that is very cheap for now...but yes established coins are great way to learn the game
As you build up the amount of money you are able to put in, you will have much less anxiety about it. Ignore the ADD price checking on a daily basis unless you are looking at the price action of a new possible investment. Buy it, secure it, wait...... Remember that a good year in the dow/SP500 would be 7-12%.. be patient and you will be rewarded many times over. Happy crypto buying!
well said...I agree..patience is the key ie buy and hold great coins and tokens
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Thanks bot
thanks for the information.
what is good about the post?
I am understanding steemit, because I am still learning to apply steemit.
Wonderful post, very good job, thanks for great sharing
I appreciate your post, Thanks but follow @joyontoemmanuel
what is wonderful about the post? and why should I follow you? Are you a bot?
@charles1 good job
your tops so helpful
what is helpful about the post?
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This post has received a 0.52 % upvote from @drotto thanks to: @banjo.
Thanks bot
👍👏👏👏
bot what is good about the post ?
Your tips are very useful and helpful, I love it and will do that
what do you love about the tips?
creating my news skills, new millionaires ,amazing
if you have many times, you can visit my blog, i need your support and upvote from you
Information is profit and delusion based decisions are like all in based on nothing..
thanks for post
welcome and success to you
Yes early Investors can directly compare multiple investments and evaluate the amount of risk taken on to generate the same percentage points of return. So they can identify cryptocurrencies that will survive into the future
Good point, and which undervalued crypto is your top pic? see elyte too...good one.
This is exactly what I'm trying to get into now. I have a bit invested in the big hitters; BTC & ETH but I'm working to invest $10 here and there to penny currencies just in case they take off. I always have to stick to my motto though, never invest more than you're willing to lose.
Good point, hope your strategy will make you a big success...see my former post for a good tip...success.
Well said @charles1 ! Good things come to those who wait ! 😊✌👌👍💕
And we have been waiting therefore good thing must surely come to us!!!😊✌👌👍💕
I found this post quite helpful
Thanks
what is good about the post?
Hey @charles1 Thanks for sharing :)
I'm newbie here, these tips are helpful
I think investing early in cryptocurrencies is great
I heared about few people, who are happy now by investing in Bitcoins few year before
great, have you read about elyte in my former post? a good one isnt it?
You got some great points in your post. I just invested in verge ( dogecoin black) and I haven't regretted it. It is still undervalued but I don't mind that. Be patient, there are always are pumps and dumps, so don't panic!
good poin, also check out elyte n my former posts....
I just started with steemit and happy to be in. The importance is to learn and believe in our choices. The future is steemit by building slowly but surely.Yes investing in crypto is building the future too.
Good point, I agree with you. The future of steem ecosystem is very bright
In a trading only 9% of people win from the loss if the rest of 91%, the key of success of this 9% is the patience, when trading with coins my advice to all of you including myself is to be patient which is to hard because sometimes we feel panic and sell the coin, the day next we can say opss what I mistake I did.
Try to follow the coincalendar, buy some altcoins if they will have any big event up-coming,
like stratis has a great event tomorrow on 18.12.2017
http://www.coincalendar.info/events/stratis-strat-full-node-alpha-release/
Hi charles1 you look great in the photo and thanks for the tips. Steemit gives me the chance to earn into a crypto currency whereas I wouldn't be able to invest. Fascinated by the potential of blockchain technology.
Followed.
I am a newbie to all this cryptocurrency so I am trying learn of this information. Great tips. Thanks and wish me luck. I am old.....I mean old school! LOL!
Noob here, just posted my self-intro and read your helpful tips. Thank you for teaching me something new! =)
I'm so new in crypto and even newer here on steemit. Thank you for the tips. What do you mean about joining communities? Are there groups here?
I am very very lost. Thank you in advance. 😊
agree with the largest part of the post.small crypto may explode in the following years into hundred thousand of dollars but the most important thing said here is to always be in charge of what you invest in
Any