I am one of the "Founding Fathers" of BTC...a Crypto Whale so to speak. Many of you have asked for tips on what coins to own/trade. I put my money where my mouth is and today I will reveal where my Fiat is parked.
My followers always ask me.....Broncnutz what crypto coin should I invest in? How can I get Rich?
I have stopped answering this question even with some of my closest friends and family because honestly I really don't know. I put my money where my mouth is in the crypto world and it's the sole reason I have had large success. I study the why and the how a coin can and will increase in value and then try and buy it at a bitcoin price that I can live with.
I am going to reveal to you today which coins I hold, I am not recommending you go buy these coins but it is where I'm holding my money. Although I have invested in many alternative coins in the past five years I have narrowed my selection down to a handful of coins I believe can make it in the long term.
- BITCOIN: this coin is the king of all crypto coin's. It is the largest position and all of my crypto holdings. I trade all other crypto coin's including Steem, only to gain more Bitcoin buying power. You should to, as a matter of fact, book your wins and send your profits to your Trezor wallet for sovereign wealth.
2: LITECOIN: I have always loved this currency and as a matter of fact it was the currency that was the launch pad to everything else I have been able to do in the crypto coin space. I originally discovered Litecoin when it was priced at six cents USD. You all know the ups and downs in the story of LTC and I like this coin solely based on its speed, POW mining, 84m coins, been here from the beginning, smart devs. Litcoin is a clone of BTC, not as "pure de-centralization " but still solid.
3: Steem: One thing you'll learn about me is I am not a big fan of ALT coins. I only use alternative coins to gain Bitcoin buying power. However, Steem token is in a different category for me. Steem token allows users from all over the world who otherwise would have trouble getting their money in action in the crypto coin space to get exposure to this new system of "ledger money" Steem token and Steemit.com are stroke of genius technologies and should bode well for the future of social media and the release of the shackles of oppressive governments to mankind all over the world. I do not recommend you buy Steem because I own Steem, I recommend you buy Steem to finally get paid for the brilliant content all of you bring to the World Wide Web and profit from a larger share of the mining pool by powering up to Steem Power and staking your coins.
4: Ethereum Classic: I like this coin or token mainly because it was the original chain of the Ethereum Blockchain before it forked. This token has a set number of known coins versus Ethereum, which has a unknown number of total coins. As Bitcoin would be compared to digital gold, Ethereum and Ethereum classic Could be compared to digital oil. Ethereum classic is the decentralized version of Bitcoin with regards to its blockchain purity.
5: PeerPlays Token: I did invest a small amount of Bitcoin into the peerplays block chain. This was at the height of the ICO offerings. Knowing little about ICO'S , I blindly invested this money on pure speculation. I don't know whether I made a good investment or A bad investment but I did not put very much at risk , it is an amount that I can afford to lose.
All being said, I love trading Alt coins and I have traded many others in the past and I will continue to do so in the future. My main advice I could give you is to buy, hold and protect Bitcoin as much as you can. Bitcoin has been left for dead over 90 times and been touted on mainstream media News as the ultimate failure of an investment. Meanwhile all Bitcoin has ever done is get up off the mat, make a brand new high, then have a small pull back only to build a bigger base and get stronger and stronger. Satoshi Nakamoto was smart people , Bitcoin is a firebreathing dragon on a diamond leash. Buy as much of it as you can and store it away safely on a Trezor wallet to ensure your sovereign wealth.
Please don't ever ask me my thoughts on an ICO. I know for sure that plenty of people are going to make mega mega millions on ICO coins. There are also going to be people who get scammed for mega amounts of money on ICO's. My feeling is , let a real block chain get established, let that coin get onto an exchange and buy the coin after it is on the exchange if you like it so much. Sure you may miss out on the huge gains , but if a coin is established on a block chain and is sound , your profits will be 20x or more anyway. Do not take the risk in these crazy get rich quick adventures. Bitcoin is the way you will be able to build wealth in the crypto currency world .
The OG Broncnutz-
Thanks for sharing this. My first purchase was Litecoin, but just a few months ago. I've since used that to buy Steem.
I'm waiting to get Bitcoin. Building up my influence and connections here on Steemit is what I'm focused on now. I appreciate your position on Bitcoin, but I haven't bought any yet.
Way to get involved. There is still a long run for crypto's and you are in Steem early as well. Be patient and let the right investments reward you over time. I get to impatient and it can cut into your profits.
Thanks, I appreciate it.
Thank you for re Steem my posts. You deserved a good upvote.
Thanks. I appreciate it!
Your post topics are good. Happy to reSteem. Glad to connect with you.
I picked up my Steem with LTC, too.
Well written post - Reads very honestly and candid - Unfortunately I do not know you but fortunately I now know of you and hope to learn and share thoughts with you in the future. I like your ideologies about trading Alts to stack BTC - And STEEM to make posts more valuable - Is love to read a post of yours about some smaller valued coins with opportune predictions - Such as Golem, Ardor, Siacoin possibly - Regardless - Time well spent reading this post and have RESTEEMED, UPVOTED, COMMENTED and now will PROMOTE for ya! Cheers Mate!
This post received a 3.7% upvote from @randowhale thanks to @krytonika! For more information, click here!
Thank you so much for your support. I love Sia, Golem, ETH, and even like some of the properties of Dash and Monero blockchains. I have owned ridiculously large amounts of these coins at times. I once stacked up 60 million Sia.....wish I still had them.....but I did gain Many BTC on the trade. I will post about some of these coins in the future for sure. Too volitale for me right now.
Thank you @broncnutz - Golem is one of my most watched and weighted little coins in my altfolio - I love the team, the concept, the possibilities - I am really surprised it has risen further just yet but I guess in all due time - 60M SIA aye? Wowza!! That's a hefty bag :)
Thanks for sharing my friend.
My top cryptos today is:
I'm new on Steemit and Steem, so I'm studying (but I find it very promising). If everything goes as expected, I plan to put Steem in my cryptos wallet.
I use valuation techniques applied to currencies.
Great post my friend. Upvoted and resteemed :)
I'll be checking out your posts, thanks for posting this list!
I think your list is very good; the first 3 are obvious, and the last 2, are for obvious reasons ;-)
But just the reference points people need, to affirm their decisions.
I would probably add STEEM and EOS, and that's a really good list!
I have 11 more cryptocurrencies in my portfolio, in smaller percentages, like Ripple, ETC, BTS, DOGE, Digibyte etc.
Basically I define the percentages and I make monthly increments keeping the percentages. So if a currency falls in price I buy more, and if it rises too much I buy more of the other currencies. It is the same strategy that the holders use in the traditional stock market
How to study each cryptocurrency takes time I started with the best known ones, and now I'm starting to study the less popular ones.
Steem I started now but I find it promising. I have to know a little more to include in my portfolio.
EOS is in the study queue.
Thanks for sharing your point of view :)
I like dash and monero as well, just think they are over priced right now.
Nice post. I'm bullish BTC, LTC, Ark, PIVX, and Stratis at the moment.
I do like Stratis
These are some great choices @broncnutz
Litecoin could be huge one day. It is already being accepted in shops in Asia and it may be China's main crypto for everyday use rather than bitcoin. I think there is a bright future for litecoin but an even brighter one for steem. It is already growing so rapidly and when people see how valuable Steem is and Steem Power then the price will continue to climb as it already has been doing.
I've been looking into bitquence, I'm not sure if it will be big in the future or not.
Much like my own experiences, at first with crypto..
I was interested in Bitcoin, mined Litecoin, and then purchased BTC and ETH.
I consider these the 3 fundamental cryptos for first investors, to learn theory of blockchain, and smart contracts.
Then from there, STEEM, and EOS as next generation blockchains.
Wow - this is like hearing about stocks from Warren Buffet! It is great to note that a guru like you has held bitcoin and lite coin since I am currently holding my (meager) holdings in bitcoin and lite coin too. I have not bought any SBD or Steem but whatever little I have earned from my blogs is parked as Steem by powering up fully.
Thank you for sharing your holdings. As you say it is not a recommendation from your side but it gives me confidence that I have invested correctly in the crypto world. Thanks. Upvoted 100%.
Well.......I wouldn't say this info is like listening to Warren Buffet. 😂 😂 I know a little more than dangerous I would say. If you hold BTC and LTC only.....you are way smarter than most. If I held every BTC and LTC I ever had and never bought one single other coins with them or never sold them......I would be worth over 5million in Crypto. Those two are a no brainer to hold long term.
As Bitcoin would be compared to digital gold, Ethereum and Ethereum classic Could be compared to digital oil.
to quote @broncnutzPersonally I am surprised to see the resurgence of litecoin. Anything on a big platform like Coinbase is always good news (ETH, BTC, and LTC)
A little more than dangerous ... LOL. Still it is way better than my little more than nothing knowledge. Thanks for your response. I will keep holding on.
Great advice, will follow. Now I'm getting away from this!!
EXCELENTE POST AMIGO!!! MUY BUENA INFORMACION NOS BRINDAS!!! MUCHAS GRACIAS Y SEGUIRE PENDIENTE DE TUS POSTS! ;) UN SALUDO DESDE ARGENTINA!!! :D
Gracias
Thanks for sharing these infos, I fully trust your choices, From now on every time i get a dollar on steemit i'll invest in one of these coins thanks Bronc.
Upvoted and resteemed :D.
Thanks again as always my man.
upvoted dear @broncnutz
but I'm worried about bitcoin because of the project 1 augest ... these days are full of stress for me :(
Don't worry. Hold with tight hands.
thnx @broncnutz