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RE: STEEM: 1-DAY MACD could be about to go green (soon!) on poloniex.

in #trading7 years ago (edited)

I think it's sensible to only store up to a certain proportion of your net wealth in crypto.

I agree, I'm really not gonna be heavily invested in crypto / btc for now, since I'm new to this. And like you, my instinct was also telling me to buy when the price was low. Instead of being like every one panicking here.

And if you're looking to building a position in crypto long term, I would recommend dollar cost averaging. But it only works if you stick to the plan😀 I.e. If the price drops, you keep buying your regular amount to add to your position;

This is what I'm planning to do, just buy some regular amount and build it from there. I think I'm pretty happy with what I've done with my steem right, and I'm happy to change it to btc now. So maybe I'm gonna wait for the next down lol, to buy.

I like risks as you can read on my blog lol, so I don't usually worry about something since I don't have a lot invested. BTC is a high-risk investment I think,but for anyone who knows what he/she doing, then there's profit to be made.

Wow it makes sense to me why you invested in sp, just imo, if you post something, you can quickly upvote yourself (which is default here anyway), then attract more upvotes due to the value of your upvote. You can even help yourself get to the trending page of any topic (this is what I've observed so far), then you're even more visible to upvoters & followers.

This is why I think it is good for me to invest in sp, aside from the long-term reward.

Thanks as always @xaero1

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Thanks, and you are very welcome. Good luck:)