Hi all,
Scheduled for today was the evaluation moment for Decred (DCR), a cryptocurrency in the Play Money Segment of my portfolio.
Decision
Sell
Reason
Exactly one month ago I bought some Decred, which seems like an interesting project. I have decided to sell because after 1 month it didn’t outperform other coins like I expected. Next to that I wanted to buy more STEEM, since I believe STEEM will turn out to be a better investment at this moment. Ohh, and I started to really love the concept and the community ;-)
Note that I do not necessarily have no faith in Decred at all. There are just better options for the short to mid-long future in my opinion.
What do you think about this decision? Please leave a comment :-)
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Disclaimer: I am not a financial advisor, trader or developer. I am just a crypto/blockchain enthusiast. Please do your own research, draw your own conclusions and do not invest any money that you cannot afford to lose.
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STOPGood! 1 month seems sufficient to evaluate how a crypto is behaving if the aim is to evaluate its performance in front of the market.
decred just put out a yt vid with fluffy pony. I think youre right short term...however I think long term decred is going to do well based on my opinions of the people working on its development.
Seems like it was a good idea to sell based on how other coins are doing at the moment and for the past month.
Solid article. I was about to start a similair discussion. I'm not sure if coins are that high risk. The quality coins are here to stay and it's like buying in at the S&P 500 50 years ago. Cryptos will fall and rise at a more rapit phase any investment market has ever seen. Just hold (literaly) and enjoy the ride. I really advice people to take a look at: https://www.coincheckup.com An amazing crypto research site. They researched every single crypto out there. This is truly great.