The Greatest Investment Advice Ever?

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I was pleasantly surprised this week to be interviewed on the @@@spinvest-leo account!

I was featured today in their 'Meet The Cracks' post and wanted to dive into a couple of questions that were asked...

What crypto did you realize your biggest gain on?

and

What crypto did you realize your biggest loss on?

Easy answers right....Especially here on @LeoFinance

You guys in this community are the cream of the crop when it comes to investing in this crazy crypto stuff. I read post after post of absolute gems and am confident to say, Leo Lions are some of the wisest investors in all of crypto.

When it comes to my time in the arena...It's not that exciting!

In fact, that first question that was asked of me I was taken back when I realized...Nothing was realized LOL

I got into crypto (again) in 2017. I was in it before but never really appreciated how early I was and how much of an opportunity was in front of me....Fiat was my target and that's all I was thinking about.

But in 2017...I went in! With the limited amount of extra cash I had, I dove into Steem....At all time highs of course. And haven't looked back since....

In fact, I have never taken a penny out of Hive (Steem then) and flipped it back into fiat. It's always either remained in the eco-system or purchased another crypto. My game plan for this stuff was to see a 5 year plan through....I'm starting year #4 in December ;)

So this answers the first and second question simply because...I haven't made a penny or lost a penny either.

I hold.

And I dollar cost average into the positions I believe in.

Sooo boring!

Look, I respect the HECK out of the guys and gals that understand the markets. They can do TA until they are blue in the face...And understand what the heck Bollinger Bands even means...

But then there is yours truly!

Good ol' Jongo doesn't have the knowledge of when to trade and what to trade...But I know this...

Use case.

So my formula for getting into any of this crypto stuff is simple:

IMG_2679.jpg

Best investment advice ever?

Absolutely not LOL

Because it's really different strokes for different folks...

But for me, it's the perfect advice.

I don't understand DeFi. I think Ethereum is the most over priced thing on earth. I like to actually use things that I purchase....

So for me, this formula works!

If you are just starting out on your crypto journey, the biggest piece of advice I could give you is...

Do. Your. Own. Research!

Find out about the projects, read the whitepapers, look into the team behind the crypto...And then make informed decisions about what you put ANY money into.

Never spend a dime that you cannot afford to lose...And above all else...

Spend time right here....On LeoFinance! You will learn so much from this vibrant community and I believe#### , with what you discover here...Will form the PERFECT investment plan for you and your journey in crypto!

Posted Using LeoFinance Beta



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38 comments
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So true about learning stuff on Leofinance as I have come across so many things I never knew about. Just have to read daily to stay tuned in. Also haven't taken a cent out which also means you have never lost anything either.

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There are many people that have a good understanding of crypto hanging out on Leo. Learn't about Rune there and I'm glad for it =)

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Unless I totally understand a crypto and the project I don't invest more into it and instead just retract out of it into other projects I do know such as Leo. There are literally thousands of projects and new things going on in crypto every day that it's impossible to keep up with. The HODL game works good but over time. However trading and moving can have a larger impact if you make the right moves. It should increase your value more quickly than the old HODL gang game.

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For me, it's just information overload...Heck I just discovered Celsius and Nexo yesterday LOLOL And they've been around forever LOL

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Haha know the feeling, so many projects out there with solid use cases and since it's bascially just the start of the crypto business, we don't know which projects will prevail and which will fail.

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So how many projects do you feel that you can keep track of? I'm having a hard time to actually get time to read up on new projects because it's happening so much in the crypto space everyday

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I think confidence is the best thing in investing. If you are confident on a project/stock/crypto, you won't be restless at night. Of course like you said, you need to do your own research and keep up with the updates. If there are factors that can dampen your belief then you can consider changing your plan.

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I took the emotion right out of it. After 2 years plus if seeing the price of Hive go down, I've become numb to the rises and the falls of it LOL I believe in the project long term!

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That's good, I mean I have realized that the price of Hive don't really care for me. Because Hive represents so much and I know that in the long run will it be a winner

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leofinance has been a huge resource for research.
Them folks stay on it and update info as it unfolds.
Learned a ton there.

holding make sense for at least right now.

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Congrats ,you were upvoted from this account because you were in Top 25 engagers yesterday on CTPTalk .
You made a total of 8 comments and talked to 8 different authors .
Your rank is 2 .
For more details about this project please read here - link to announcement post
You can also delegate and get weekly payouts.

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i usually invest in cryptos i either use or have an actual product/service!

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Hehe so you don't follow trumpmans advice and invest all in his different shitcoins ;)

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Congrats, you were upvoted from this account because you were in Top 25 engagers yesterday on LeoFinance .
You made a total of 17 comments and talked to 16 different authors .
Your rank is 16 .
For more details about this project please read here - link to announcement post
You can also delegate and get weekly payouts.

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I love this advice and it’s what I do now. Back in 2017 I thought I was a genius and could play the market.

Lessons were learned and now I hold.

I only sell for emergencies like fixing my mini van. Ha.

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Then it was a good lession, even if you cost you some :)

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You know how to pave your way mate and you inspire me in terms of my future crypto identity that I want to develop ^^

Seeing the potential of the projects existing and upcoming to Hive ecosystem, no option but for hodl :)

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Appreciate the kind words man, thank you!

Yeah, I agree...Everything that's coming, Project Blank, 3speak tokens....Just build and hold right now :)

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I have always been a big proponent of not investing money that you cannot afford to lose. FOMO can be a powerful motivator, but to me, it's just not worth it. People occasionally ask my why I don't invest more financially in my crypto holdings. I understand that if you believe in something, you should invest in it. But, for now at least, the majority of my investing has to come in the form of time and effort. If I had consistent discretionary income, I would increase my portfolio significantly. I'm not getting any younger and need to plan for my retirement. However, for now, I must spend my time learning, stacking, and investing as funds become available. Like you, I don't pull anything out of my crypto accounts. This is my nest egg. For me, it's slow and steady. Hopefully, I will be able to build enough to live off my crypto proceeds when the time comes.

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If it works for ya, that's all that matters.

I don't have a plan B....so for me, it's all CTP and crypto LOLOL

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Ethereum being overpriced - couldn't agree more. I guess BSC is coming in to eat their market share, which probably explains why it has been pumping so much these days.

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Oh it's happening!

BSC might very well become if not already, a serious second option!

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That last piece of advice...
Hmmmm, I have never been really interested in learning numbers and how they work but of late, it has presented itself as a challenge I want to tackle ;D

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In the right place before everyone else in crypto knows about it...I truly believe it!

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It's the perfect advise for me as well, gives me peace of mind and makes for a way for relaxed experience. I tried a bit of trading and it certainly is not for me. Now, I only accumulate. And I keep accumulating.
Maybe in 2025 or 2026 I will look at my bags and be like "well okay, I could really live from that". But until then? I'll just keep pushing every day!

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Yeah man. I just feel like, the best way to do this crypto stuff is...Stack and hold the projects I use. So far, so good lol

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Nice, I am also learning little about the crypto outside the Hive too. BNB pump is spectacular.

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Oh it was for sure....Markets are red now, see what we can scoop up on a discount.

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Great thoughts you shared here. In my first 15 months on STEEM, I never understood the need for a long term plan that's why I powered-down my account severally thinking I was about losing everything when the prices started dwindling. Now, I learnt better and I think the future.

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Yeah it's tough to hold when everything looks like its losing....But if you believe in the project long term, you will see wins!

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