Greetings Crypto Fans
I am by no means a crypto-expert, my advice would not be worth much. But one thing I'm really good at is buying into the FOMO (fear of missing out) and giving all the reasons you don't want to miss out.
Sometimes it pays well, sometimes I and others get burned.
One thing I'm not very good at is FUD (fear, uncertainty and doubt), as I am optimistic in crypto currencies at a philosophical level - meaning when cyptos are down, I see it as only temporary. This can be both encouraging or possibly disastrous.
Lessons Learned
Given my optimism and willingness to invest in ventures that may never come to fruition, I've had a few hard tumbles. Thankfully nothing devastating, but something I have to be aware of.
I rode the SmartCash Bubble
Then was the time to sell! Sell! Sell!
I watched my SmartCash investment go to valued over $20,000 in a single day. It was euphoric. It was exciting. It re-enforced what I had been convinced of: that cryptocurrency can make you a lot of money overnight.... But then it slipped out of my hands. I believed in SmartCash so much, that I could not imagine it becoming nearly worthless.
I still believe in SmartCash, it's speed, efficiency, geared towards real-world merchant usage. Of all the cryptos, this one is most likely to be used as a cash alternative. It's fast, it's inexpensive and best of all, it's merchant ready.
Smart Cash was never meant to be an investment, as much as a stable alternative to cash.
I purchased about 10,000 smartcash for around $100 USD from bitcoin. Since then, through setting up a smartnode and receiving smartrewards, I got my total smartcash to about 20,000. The value is around $50 USD today. I lost 50% of my investment value even while my investment grew.
Will SmartCash ever be back to a penny? Only time will tell.
Now is the time to Buy! Buy! Buy!
Steem Prices are Very Low
I predicted several months back that STEEM would reach below $0.10 USD and that would be the trigger to purchase a large stake. It's approaching $0.12 now and we're getting close to that point.
Will STEEM ever be back to $0.40? Only time will tell.
Conclusion
This is my first dip into crypto currency analysis. All I can share is my own personal experiences and lessons, but perhaps that will help people to learn from my mistakes and learn from what I find works!
I hope you have enjoyed this post. I have total confidence in Steemleo as a platform for all things crypto and financial and I think in the long-run it will do very well.
@lturner. Father of four wonderful children. The guy behind the camera. Steemit enthusiast.
Bless the Most High!
Teach Your Children Liberty from Sin
We encourage parents to teach their children principles of Godliness, beginning with the Word and an understanding who God is and what His Son has done to form a relationship with us.
No one can lay a foundation other than the one already laid, which is Jesus Christ. If anyone builds on this foundation using gold, silver, precious stones, wood, hay, or straw, his workmanship will be evident, because the Day will bring it to light. It will be revealed with fire, and the fire will prove the quality of each man鈥檚 work. 1 Corinthians 3:11-13
Teach Your children Liberty from Tyranny
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"SMART PEOPLE today are figuring out how to trade without the creature being able to control them - using things like gold and silver products, garden co-ops, online bartering and digital currencies such as Bitcoin."