@grognak thats the beautiful thing about investments...Sometimes all it takes is a little...I am a normal guy from PA, living in CO and have bounced around all my life but one thing that I believe to be key is that trends do not lie. The beautiful thing about Crypto is that if the market starts to look bad in what you invested in then you can simply move it to something better....I have about $20 in bitcoin ....its a lost cause for me because I came in too late.. I am now researching the current coin market so I can move my $20 of bitcoin.....I look at it as a win win situation...I mean, unless that coin goes negative you are going to stay .500 for a long ass time....invest now....gold, silver and a few crypto of your choice...And I will say it like this; after WW2 the gold standard was set up for a reason. Nixon axed it in 1971 and ever since the fiat standard has ruled the human race. We are now nearly 50 years since that day and the purchasing power of the dollar is about $.03....FIND ways to diversify your funds so that you and your family arent assed out....Remember, when we were setting up the Petro Dollar the oil embargo happened.....when we lose our reserve status Americans will realize what it means to be a 3rd world country
I hear ya, one thing you could do is open an account on www.bittrex.com and "make sure to enable 2fa" security. Can't stress this enough. Then you can diversify a very small amount into a few "alt" coins, this would probably start you on the right road. Cool thing is, the trading fees are pretty small and shouldn't affect you at even small amounts. I try to keep my holding balanced and not get "too much" into one coin. I have some favorites like "steem", but i try not to get too attached. This has caused me problems in the past, letting a coin go! Sometimes you just have to! Can't go wrong at all with silver right now, it's dirt cheap and can only go up.
@grognak thank you for that. I am also new to the entire crypto scene (although a few years back when Bitcoin was $800 a coin I had 1.6 so I am kicking myself) and really love the information that comes through..I think we can all benefit from places like this. The one thing that concerns me is the transfer of SBD to the Steem wallet. I have about $5 earned from this site and I would love to be able to move it to another wallet or site to convert or trade. The one thing I hate about steemit is the fact that its confusing to newcomers like myself...I wasted a good $10 on power ups because I wasn't able to move my SBD to my Steem wallet
If you search the site you can find MANY good articles explaining all that. It was confusing to me at first as well. If you were to open the account on Bittrex you can transfer your SBD there and cash out into bitcoin. I remember 800 dollar bitcoin and 10 dollar ethereum, if we only knew :)
@grognak thats the beautiful thing about investments...Sometimes all it takes is a little...I am a normal guy from PA, living in CO and have bounced around all my life but one thing that I believe to be key is that trends do not lie. The beautiful thing about Crypto is that if the market starts to look bad in what you invested in then you can simply move it to something better....I have about $20 in bitcoin ....its a lost cause for me because I came in too late.. I am now researching the current coin market so I can move my $20 of bitcoin.....I look at it as a win win situation...I mean, unless that coin goes negative you are going to stay .500 for a long ass time....invest now....gold, silver and a few crypto of your choice...And I will say it like this; after WW2 the gold standard was set up for a reason. Nixon axed it in 1971 and ever since the fiat standard has ruled the human race. We are now nearly 50 years since that day and the purchasing power of the dollar is about $.03....FIND ways to diversify your funds so that you and your family arent assed out....Remember, when we were setting up the Petro Dollar the oil embargo happened.....when we lose our reserve status Americans will realize what it means to be a 3rd world country
I hear ya, one thing you could do is open an account on www.bittrex.com and "make sure to enable 2fa" security. Can't stress this enough. Then you can diversify a very small amount into a few "alt" coins, this would probably start you on the right road. Cool thing is, the trading fees are pretty small and shouldn't affect you at even small amounts. I try to keep my holding balanced and not get "too much" into one coin. I have some favorites like "steem", but i try not to get too attached. This has caused me problems in the past, letting a coin go! Sometimes you just have to! Can't go wrong at all with silver right now, it's dirt cheap and can only go up.
@grognak thank you for that. I am also new to the entire crypto scene (although a few years back when Bitcoin was $800 a coin I had 1.6 so I am kicking myself) and really love the information that comes through..I think we can all benefit from places like this. The one thing that concerns me is the transfer of SBD to the Steem wallet. I have about $5 earned from this site and I would love to be able to move it to another wallet or site to convert or trade. The one thing I hate about steemit is the fact that its confusing to newcomers like myself...I wasted a good $10 on power ups because I wasn't able to move my SBD to my Steem wallet
If you search the site you can find MANY good articles explaining all that. It was confusing to me at first as well. If you were to open the account on Bittrex you can transfer your SBD there and cash out into bitcoin. I remember 800 dollar bitcoin and 10 dollar ethereum, if we only knew :)