I used to have a few million Dogecoins since 2015. I just cashed them out and brought 3k worth into here and converted to steem power and steem dollars and the others I have been buying NEM coin with for a long term hold.
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I diversified my investment, not all in crypto currency enough to win and lose. I hope more of the win side. We will find out after one year.
I think the best approach with a lot of Crypto is to just buy when its down and stash it and dont even look at it for a while. That is what I did with Dogecoin, if not I would have sold long ago lol. I did not look at it until I heard every one talking about Crypto and that Bitcoin was almost 3k. Last time I had bought some Bitcoin was at like 300 lol. Then I just left them alone
Nice return of investment.
There is a thread on the Bitcoin Message Board I think that talks about NEM coin, it has huge potential
You mentioned about NEM. I have not study this coin as of yet.
What can you tell about NEM? As investor, why will buy this coin?
When I invest I want to see value of the products or services. Just like steemit.com community, I see the value of STEEM because it is the economics backbone of steemit community.
Your thought?
If you notice NEM has not been hyped any where and it is the number 6 coin and it is the number 2 coin in Japan. Their block chain is unique and faster than any others, they can do 3k transactions per second, also no more NEM coins can be mined, there is a cap of 10 billion and no more. Doge has like 150 billion coins in circulation, just too big of a float. Also NEM has a new technology getting ready to launch called Catapault that is going to make it even faster and it is already one of the cheapest to use as far as transaction costs. Also you do not need any hardware or to leave your computer on to harvest. You collect in transaction fees but they dont get mined or use up resources like the other coins.
Now I'm interested with NEM. I will check the Catapault later today.
Dogecoin still releasing more and more coins. This is why their growth is too slow.
Yeah thats why I sold mine and exchanged them. They where the number 2 and 3 coin a while back, now they are like 21. Just too many coins and dilution