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RE: Arguments for parking your steem where it is and why it is a good long term investment

in #steem8 years ago (edited)

Investing in any project after it pumps 200-300% is very dangerous. I am not saying steem is going to crash. afterall I am a holder and that wouldnt be fun to see. But its dangerous to offer investment advice to others and risk your reputation because these markets are NOT easy to predict.

My rules for investing:
1 - If you have trouble living month to month and paying bills gtfo of crypto
2 - If you dont set investment goals and form a plan ahead of time, gtfo of crypto
3 - And Most importantly, DO YOUR OWN RESEARCH, have stringent filters for the information you get from various sources as much of it is going to be biased and misleading.

This is not a rule of mine, but I also try to have a lot of fun in crypto land and I try my best to learn from others and teach others when I have the chance. That in itself is very rewarding.

This is a great field to be in right now to take part in a lot of promising projects. But dont go all in on any one investment. Dont forget what happened to DAO LAWLZ <<< Lets all have a nice laugh now.

Thanks for the write up, I did learn some new stuff. Best of luck out there man!