I think putting money into EOS is a good bet over the next year. Some people are already planning buy ins at different times throughout the year because the crowdsale is going to go on that long. That way they can get a better average.
The thing I don't like about Ethereum is that it has been 3 years and there is no real world use case that we can get on and do what we are doing right now. If the tech was so good then wouldn't there be things like Steemit running on it? A person can go to Bitshares.org and see the decentralized exchange working. They can be on here and see this platform working. Dan Larimer is legit. When it boils down to it he can produce results.
With Ethereum I don't like the fact that their are all these ICOs that could be vaporware or being sold for Ether. I just think in the next year we are going to see a lot of pressure on it because those developers will ultimately have to sell their Ether to pay bills. That is a lot of money from all these projects causing downward pressure on the market.
In the short term you might catch some rides. I actually Sold my Steem Dollars last night for $1.87 / coin and then took that amount and split it between ETH, LTC, BitShares, Monero, Steem, and Lisk. Now I'm starting to see it surge a little bit. Then I will sell out to BTC again. Then I will blog about it and make money from the blog!!!!!
Hahahah, I love STEEMIT!!!!
I don't know where a lot of these will land. I like all the projects I bought last night but I feel the market has surged too much in a lot of respects. It is a tough thing because I could see STEEM going to $10 but in the same token it could get brought down by the broader market. I just know that when I got in back in 2013 things were exciting. It felt just like this. Then 2014 and 2015 were absolute hell. So a lot of times you have to look at it as a long term play. build positions when everyone is on suicide watch, no one is posting videos about their mining rigs, no one wants to talk about crypto. That is when you build the biggest positions. But right now is a great time to blog on Steemit and earn and get that ball rolling!
Awesome. Thanks bro. Yes, i had a rule when i invested just 4 short weeks ago: Never gamble more than you're comfortable losing. Conservative investment ideal? Yes. I'm guilty of that. SO, the total is now around $9,000. Not a lot at all but still. I put most in BTC but i am in the red right now. That does NOT worry me. The way i view things is unlike a lot of the younger folks i know who are looking for that 10,000% overnight gain; no, i'm looking at 5 years and i'm thinking btc will get me 500% returns in 5 to 7 years. I would be happy with that. On the flip side I am willing to toss around a little more on tips or things that look solid.
In reality most of these ICOs are pump n dump schemes and not an ACTUAL PRODUCT OR SERVICE that's practical and useable!!! Doesn't mean you can't make 800% overnight, sure, you can if you're lucky or know the right people but i want in on more of the "blue chips of crypto(LMAO, i know, the irony). Things that have an actual service behind them and a useable tech.
This Dan fella seems sharp and if he can perfect what ethereum has not, and beat any likely competitors to it? Man, that's a good one for a 5 year look.
Like i said, i'm a noob, but i hope to stick with this and look back in 5 to 7 years and say "yea, that yielded SO much more than my 401k and my RothIRA"
Thank you for the response and have a good one.
I really appreciate it and yeah it is going to be a long term game overall. There will become a time when everyone is feeling the pain and wondering if all this stuff was a fad. That has happened several times now. When the pain is crushing people that is when you can build bigger positions and then when it pops it goes up like a rocket just like this time.