Crypto currency safe strategy

in #bitcoin8 years ago

I am inplementing my "aim small, miss small" motto to crypto currency. In recent years I have been in and out of trading cripto's. The end of Dec 2016 I decided the bubble is going to burst and cashed in all of my cryptos. Luckely I had some forgotton and leftovers I could not get it out due to its low and insignificant values. One such crypto I thought may one day be something was RIPPLE. I had 1000 Ripple, but at the time was worth nothing and could not get it out, so I left it. In Feb 2017 I started looking at the markets again and saw Bitcoin still going mad. After a few weeks I realised some numbers dont add up, Ripple is in the news and its 5c! Quickly logged into my Kraken account and found my 1000 Ripple still there. To my amazement I quickly transfered it and chashed in $50!
That was one of my biggest mistakes as a few weeks later Ripple peaked at 40c. But when is enough, enough? So I am happy I made something out of nothing and will implement this strategy to other cryptos. Buy "insignificant" amounts of low or "useless" cryptos and forget about it for a while. AND/OR buy small amounts of one every payday and build up a portfolio. Same goes for ICO's.

Every crypo can potentially be a lottery ticket. When it comes to money there are 2 things that will kill you, GREED and FEAR. Aim big and both hit you hard. Go small and you fear nothing!