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RE: My personal reflections after being in the crypto markets for 2 weeks.

in #cryptocurrency7 years ago

For what it's worth I think you've found crypto the right way. STEEM is a great place to start. Lots to learn here and getting used to transacting small amounts of crypto fast and with no fees.

Then graduating to an alt-coin exchange is the next step. Of course some kind of fiat exchange is needed if you ever want to use real hard cash.

My advice if you are speculating on super cheap alt-coins is to sell half your coins every time they double. So if you buy at $1 then sell half at $2 you recover your initial investment. Sell half again at $4. If you pick a few duds then ok, but the good ones hopefully make up for it. If the market tanks you atleast will have something to show for it at the end.

Good advice any time = KISS. Keep It Simple.....

Learn to crawl before you try to run, but keep learning! :)

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Thanks man, that's probably very sounds advice. I think I said I'm more of a gambler and starting with such small amounts I'm comfortable sitting on it long term. But I do think it's probably wise to do this and I'll likely be regretting not doing it one day.
Maybe I should buy double on the next one, and do this with 50% and compare the results after a while.