RE: The downsides of Binance Exchange - It's not just sunshine and roses
The funny thing when I sold my ETH, it wasn't that I was selling out of fear it was that I thought i could make a profit - sell it off, it drops more, and then I buy back in at lower amount. But, I choose a poor time! however, last night my buy limit hit and so I have my ETH back - I lost a little on it, but I chalk it up to a learning experience, pretty much everything I do right now is "learning" and i'm just trying to avoid any huge mistake. Right now my huge mistake is probably keeping all my money on the bittrex exchange lol (it's only $2500 total, all of which came from initially selling 150 SBD at 12x)
Two of the youtubers I have been watching are CryptoBobby (who is also on steemit, though I didn't know it at the time I found him on YT) and Louis Thomas; I will def check out the ones you mention.
Thanks for all the info you have been giving me!
what issues have you had with Discord? I don't usually use steemit chat, it's clunky and I hate the interface.
I don't watch those Youtubers myself so I can't comment on their objectivity. I think I saw a video of CryptoBobby once and it seemed decent.
And yeah the SBD price is sooooo awesome... 150SBD being worth $2500, totally awesome. One day you'll look back on how this all got started and it will blow your mind! My estimate is that with such an investment it could very well end up paying for a really nice brand new car for sure some day, or something of equal value. As long as crypto keeps going up. If it goes down, just hodl longer (possibly 2-3 years) but it will be back up.
If you want to avoid holding the bags because of a 'wrong' trade.. try finding a trading pair which has two crypto's which you both love. Split your money between the two of them. Then if one goes up compared to the other, sell 10% from the one to the other. Then if it goes back down, channel that money back again. If it goes up more, sell another 10%. Since you're switching between two crypto's , you're essentially winning no matter which one goes up? In theory.. have not tried this out but it sounds like a good idea to me!
Another tip I have: If you want to sell or trade, consider doing it with 50% instead of 100%. That way if it goes down, you'll have locked in some profits, but if it goes up you're still in the race too. I sometimes have a moment of fear, or think I see an opportunity, but I fear making the wrong choice. So in those cases I try to remember to not choose one or the other, but instead do it both.
I think I fixed my Discord problem, it had to do with my account. What's the discord channel again? I tried finding it in my replies/comments but I'm posting too much so it's hidden and I can't find it anymore!
yeah cyrptobobby always advocates half buying exactly like you said.
https://discord.gg/v7hCs3
my user name on discord is the same as here
I'll log on after christmas! only online for a short time now, but I saved the address this time!
I just got around to the Discord stuff, and just clicked this link, but it tells me the invitation has expired!
https://discord.gg/8Fw3BFf
i set this link to never expire lol