Bitcoin Going Up
What goes up, must come down, investing in crypto is a roller coaster ride! Listening to Max Keiser earlier today it makes sense to diversify in investments, know why you invested in the first place.
"Everything that goes up must come down. But there comes a time when not everything that's down can come up." ~ George Burns
With bitcoin rising once again after a relatively long lull, many will start buying in with Fear Of Missing Out FOMO, spread your investments out wisely.
Source You Tube
Being involved in this crypto game some of us have felt the wrath of scammers, lost money (never invest what you cannot afford) definite lessons learned. Always good to know more, listen to those who have greater knowledge in investing, always doing your own research.
Scams
Things to be aware of in potential scams; Earnings that sound too good to be true, MLM building, using only Bitcoin to purchase so called packages or tokens, dealing in digital with no apparent product.
USI-Tech people from all walks of life in a variety of countries are now trying to recover money invested, starting off with investing your Bitcoin in an Automatic Trading System to grow it further promising good returns, went on to market bigger lies and deceit eventually doing a run for the hills and hiding.
For people who reside in America or Canada on researching this is a place to lay a Legal Claim
All and other countries were found in Facebook USI Tech - Now What?
Interesting reading: Mirror UK
Smooth operators are out there, read about scams, find out what to look out for. Another fall out in partnerships can become dirty, one where a person feels safe then suddenly turned on!
A long read, for those interested in SUP The Truth About SuperiorCoin
Cryptocurrency market is volatile, and there are certainly no guarantees of making a profit.
Go with care, go with caution there are possibilities to invest and learn digital money is here, large companies are investing and looking how to implement into markets. Many are finding ways of making a living or added income, places like Steem are offering many new and exciting ideas, keep looking.
Thought for Today: "I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.” ~ Professor Milton Friedman, a Nobel Prize winner in economics
Communities I Support: #qurator #steemitbloggers #teamsouthafrica #steembuilder
Excellent advice, @joanstewart! I didn't know anything about crypto or investing before joining the Steemit platform, but I'm slowing figuring it all out. Thanks for sharing this information, and here's hoping that Professor Friedman's thought becomes reality in the near future. 😊
We are all learning, whether the experience is good or a bad one, we need to share both. Many big corporations looking at how to implement, in a couple of years with the way technology is moving it is sure to be in our homes sooner than later.
Fundamentals on investing: " Don't put all your eggs in one basket" 😉
That is for sure @psychkrhoz
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The attitude towards crypto from the outside, is pretty sceptical without the scams and fodder that tags along. I think the industry needs to do all it can to stop the spread of the chancers and undesirables who are just looking to bend the rules, break the rules or, at the very least, take peoples money with some form of mutual benefit.
The way I see it is that we are in one huge battle to gain the trust of the general public. One that so far, imo, we are losing.
Great post @joanstewart
Scammers come into life daily via email or hoax phone calls, problem is weeding out the bad from the good ones, even doing extensive research one could be caught, as in the case of USI-Tech many long standing traders also got burned by that one.
Small crypto is fun to work with and learn the ropes, I stick mainly with steem and superior coin, perhaps being driven and working more with like minded people one feels a bit safer.
At the end of the day the small/big crypto is very young in implementation. With time technology will change along with the digital age.
I'm looking forward to that time! 😁
they say we should buy when it up and sell when it is down. I am more of a holder... I believe BTC is here to say I need to buy some. LOL I always think that when it is up. A lot of people are into pump and dump.
They say if you can hold approximately 0.28 BTC you are in a small percentage of people, well worth holding onto.
good to know .. :)
Thanks, Joan. Interesting and sage advice.
Always good and bad with everything Fiona, we really do live and learn from mistakes.
Max Kaiser is awesome! Not only is he usually right, but his wild personality is always fun to watch. lol.
He knows how to say it the way he sees it Derek.
Thanks for the information...
Most investing can take you down a rabbit hole, really glad you enjoyed the read.
Great info 👍👍
Thank you BeautyFull 💖🙏💖
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Not so nice to lose sometimes, lesson well learned, thanks for visiting @thereikiforest
I just keep blogging on steem and using the cash to live on - no investing for me, but you never know if we get a good price rise. At this point, I have a lot of "unmet" needs and so it will take a BIG rise to get me out of this hole :)
Worth investing $10 per month into Bitcoin to grow slowly, think long term of 5 to 10 years could end up being a nice surprise one day, but then there are no promises in life, living normally comes first.
Diversification is a must for most investment decision. For digital currency, it should be as important.
Small amount added every month would help growing, most don't realize you are able to do this, possibly much better returns in the long run. Have a great weekend and thanks for visiting @blogjeremiah
What a wonderful post, I always appreciate your post. Keep it up
Great to see you are still enjoying @cryptocheta
Slowly but surely I'm learning daily @joanstewart. Thank you. 🙏
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Takes time to learn something new, exciting with great possibilities @wonderwop
I want bitcoin to go up until 100000 $ :)
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Wait and watch.
I know a couple people who make a living by trading bitcoins. I somehow don't trust myself, I do not think I could succeed there.
Buy and hold one of the big 3 coins, learn to trade in smaller coins, it is not for everyone. Thanks for visiting.
I have held through the bear market and have a diversified portfolio just in case. Some riskier than others :)