You might be interessted in this discussion - is Bitcoin still digital Gold? https://steemit.com/bitcoin/@blockrush/is-bitcoin-still-digital-gold-open-discussion
You might be interessted in this discussion - is Bitcoin still digital Gold? https://steemit.com/bitcoin/@blockrush/is-bitcoin-still-digital-gold-open-discussion
@blockrush, I will definitely check it out, thanks! Any input on the questions above?
This is a tricky question but I will show you how to eat your cake and still have it!
First of all you should approach the Bitcoin and Blockchain industries with two main goals:
For this purpose you might want to divide your portfolio as well as trading instruments and tactics into two, one for the short term benefit of making a living and the other for the long long term benefits of striking Gold.
Day trading by buying low and selling high could help you make a living, but when it comes to ICOs, you should invest with the intention of holding your investments for over a year. While you may keep your short term tokens in web wallets, its wise to store your long term investments in the safest way possible.
Read the full post here: https://steemit.com/life/@blockrush/how-to-eat-your-cryptocoins-and-still-have-it
I agree with your philosophy, I have the same approach. I have a diversified portfolio to mitigate any one or two coins tanking. I also like to have spare money to invest in small coins for day trading. Small investment for potential big gains. Thanks for some of your input.