I'm now the proud holder of 8 Litecoin. I should have it in my account within 8 days (Long waiting period with Coinbase). It sure wasn't the day to purchase a Crypto. I purchased the 8 Litecoin around 6 am Eastern Standard time. After a few hours I had lost around $500. I was a little on pins and needles for awhile. Fortunately Litecoin has bounced back a bit and I'm about at even now. I am super excited about the possibility of Litecoin joining forces with Face Book (I found this news of a possible merger on Zero Hedge).
So, I'm sure in my blog I will now have many questions for the Crypto Community. If there is any advice any of you want to give I am all ears. Looking forward to being a member of the Crypto Club. Cheers All.
As far as Steem Crypto I do own a bit. I'm not nervous about Steem going down due to the fact I haven't put 1 Cent into it. Loving Steem.
(Image by hypercube.fund, found on google imaging) I added the words I Now Own
You may have timed it perfectly.
Hopefully. I just decided today to buy having no idea about the down trend. I did buy when Litecoin was already around 22% down. Thanks.
Today is the perfect day to buy cryptos, in my opinion...You buy when the market is down-but you also only buy if you think there truly is value in it. It sounds like you did both. Congrats! I personally like to mine coins. This, for me, is the equivalent of buying the coins every day, giving me a low cost average. This means if the daily price of my coin was $1, $3, $5, $3, $1, respectively, I would have an average buy price at $2.60. So even with buying a coin at $5, I'm ok to sell everything at $3 and make a gain overall. I hope that makes sense. The point is to continuously buy so the average cost is low...or mine-same thing. I have my preference on miners and I'd be glad to give you direction if you care.
Thanks @bobthebuilder . I wish I knew how to effectively mine crypto. I've done a little research but don't have the equipment. I hope you greatly succeed. Thanks for the compliment on getting in during the "blood bath" today. I believe in Litecoin. That's why I finally pulled the trigger on it. Good Idea to continually buy and cost average. That is my game plan from here. I am now following your blog. Cheers.
I use Hashflare, Minergate, and Genesismining. A 3% discount code for cloudmining on Genesismining is 2cXqw6. Those are all the ones I trust and am actively using. I put in $100-$150 every paycheck and have not been disappointed. Thanks for your follow and upvote!
I've been seeing these rumors about some sort of Litecoin/Facebook collaboration, I'm not sure how or what that would involve, but I guess as long as the price moons I'm all for it!
Congrats on your buy! It can definitely be a little nerve wracking, but the future is pretty bright for crypto in general and sometimes I just have to remind myself that a loss today could come back double or triple tomorrow or the day after... It's only a loss if you sell!
Excellent advice. I've been watching the crypto markets now for about 1 year. Kicking myself for not getting in earlier. Then I found Coinbase. Very simple to set up. I'm in for the long haul. I don't plan on selling. Just acquiring. Yep, it seems to be the future for sure. Here is an article I made about the possible facebook / Litecoin relationship. I found it on Zero Hedge. https://steemit.com/litecoin/@crowe/facebook-announcing-possible-partnership-with-litecoin-huge-news-out
Very interesting, I hope it's not just big talk and rumors as so many "partnerships" end up being in the cryptoverse...
Would be fantastic. We will see.
A good investment of money. Do not worry, you did everything right
Thanks @vispasian . Thanks also for the many upvotes on my posts. Cheers.
Litecoin will become dominant coins like Bitcoin one day.
I hope so. Have a good one.
There's someone to say that about every single coin out there!
I vote IOTA, personally.
I agree.
Lets hope that it goes up from here got our sake,lol
I think it will.