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RE: How to invest (nearly) FAIL-SAFE in next-gen cryptocurrencies like STEEM

in #steemit • 8 years ago

Two important points that you made I think are worth repeating:

  • Don't leverage. Invest what you can afford to lose
  • Have a long term horizon
    The first one is important if you want to avoid bankruptcies. The second basically means you are a buy-and-hold investor. Short term trading is either arbitrage or gambling. (and Arbitrage = zero risk, in other words, a guaranteed gain. A lot of people think they are in an arbitrage situation but they are not)
8 years ago in #steemit by
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