I've learned over the last few weeks that I'm not much of a day-trader. I don't know what I'm looking for on charts and my guesses have usually ended up not panning out. That's okay though, I've got a lot of learning to do and clearly just guessing randomly isn't a valid investing strategy.
It is fun sometimes though.
Thankfully, 'learning my lesson' in this case cost me a grand total of about $2USD, as my 'fuck around trading' fund was $25. I made a couple gambles on the hated shitcoin $TRX which actually paid off, and snagged some $DOGE at a good price which I was able to sell at a decent percentage higher, and then it happened. I gambled on $CHR, and was left holding a bag that just WOULD NOT regain from the fall after my purchase. I checked today, and it only just yesterday achieved a price slightly higher than my purchase. I sold it off at a very minor loss a few days prior to dump into one of my focus coins.
I've decided right now (as I use Binance) that my main focus will be continuing to build my $GRT holdings. I believe in what The Graph is doing, and I'm excited by their value potential, so a portion of my regular crypto investments going forward will go into GRT.
Along with that, I have also sunk some money into $BNB. Now, this one isn't actually a coin I'm terribly concerned with HODLing, but it IS one I want to have some of for passive gains. The ability to toss it into the vault and earn some random coins is a neat feature so I'm putting some cash down on that and we'll see if it pays off in the medium to long term. If it seems to be providing decent returns I'll probably amp my BNB bags up a bit.
Lastly, I of course hopped the bandwagon and snagged some cheap $ADA. I'm honestly skeptical because I don't understand what the hell the coin has going for it... my brief bit of research didn't show much of a practical use for it... but at the low pricepoint it's currently at, I'm willing to take a gamble and lose if it comes to that. It certainly won't cost me much if it bottoms the fuck out, as I haven't put much into it.
My main focus of course is $BTC. I'm a late adopter but I see it as a much better value return than the fucking bank is giving me for my savings account, so I'm tossing extra money into it every couple of weeks.
Right now, my plan is to drop around 50$ into bitcoin every two weeks and just DCA that motherfucker into the sunset, and then take another 25 to 50 for investing in Hive (of course) along with GRT and maybe BNB. The ADA can stay steady at the current bag levels until it proves itself useful in some way, lmao.
Now, I guess that's enough of an update on my crypto journey for this week... Tonight I'm going to be sitting down to read @scaredycatguide's guide to bitcoin, which I had purchased a while back but never fully read... and then I'll be probably pissing around on Leo reading more articles from you folks who know what you're doing, to see if I can learn something along the way here.
All the best my friends!
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DCA all the way! Good luck with your selections.
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!ENGAGE 10
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ENGAGEtokens.Thank you!
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Sometimes the biggest risk is not taking big enough risks. Buying a few ADA at 0.08 is not enough. After my time in crypto I realize you want to stack thousands of the best small tokens while you can, and then just forget about them. Good luck in 2021!
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!ENGAGE 10
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ENGAGEtokens.That's definitely solid advice. I'm not going to make a fortune on my ADA but there's always other coins coming up!
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I like the alt coins on Hive-Engine. Most Hive based alt coins supplement rewards on Hive.
As for alt-coins in the world at large, independent investors lack the full information needed to day trade the coins. So, it is a market that I would avoid.
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I haven't honestly given too much time to the H-E alt coins as so many of them are so... static. Leo has had wonderful gains, but most of the other tokens that I've looked at have remained basically the same price they were a year ago. Maybe I'll give it a better look though in the future here.
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