VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS50.77%
Net Worth
0.103USD
STEEM
0.000STEEM
SBD
0.139SBD
Effective Power
5.001SP
├── Own SP
0.635SP
└── Incoming DelegationsDeleg
+4.366SP
Detailed Balance
| STEEM | ||
| balance | 0.000STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.000STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 0.635SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 4.366SP | SP |
| Effective Power | 5.001SP | SP |
| Reward SP (pending) | 2.013SP | SP |
| SBD | ||
| sbd_balance | 0.002SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 0.137SBD | SBD |
{
"balance": "0.000 STEEM",
"savings_balance": "0.000 STEEM",
"reward_steem_balance": "0.000 STEEM",
"vesting_shares": "1033.997963 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "7109.661843 VESTS",
"sbd_balance": "0.002 SBD",
"savings_sbd_balance": "0.000 SBD",
"reward_sbd_balance": "0.137 SBD",
"conversions": []
}Account Info
| name | rad1 |
| id | 247172 |
| rank | 631,110 |
| reputation | 11387170489 |
| created | 2017-07-08T16:08:57 |
| recovery_account | steem |
| proxy | None |
| post_count | 27 |
| comment_count | 0 |
| lifetime_vote_count | 0 |
| witnesses_voted_for | 0 |
| last_post | 2017-07-18T15:37:12 |
| last_root_post | 2017-07-18T15:27:12 |
| last_vote_time | 2017-07-18T15:27:12 |
| proxied_vsf_votes | 0, 0, 0, 0 |
| can_vote | 1 |
| voting_power | 0 |
| delayed_votes | 0 |
| balance | 0.000 STEEM |
| savings_balance | 0.000 STEEM |
| sbd_balance | 0.002 SBD |
| savings_sbd_balance | 0.000 SBD |
| vesting_shares | 1033.997963 VESTS |
| delegated_vesting_shares | 0.000000 VESTS |
| received_vesting_shares | 7109.661843 VESTS |
| reward_vesting_balance | 4159.862069 VESTS |
| vesting_balance | 0.000 STEEM |
| vesting_withdraw_rate | 0.000000 VESTS |
| next_vesting_withdrawal | 1969-12-31T23:59:59 |
| withdrawn | 0 |
| to_withdraw | 0 |
| withdraw_routes | 0 |
| savings_withdraw_requests | 0 |
| last_account_recovery | 1970-01-01T00:00:00 |
| reset_account | null |
| last_owner_update | 1970-01-01T00:00:00 |
| last_account_update | 2017-07-11T16:46:12 |
| mined | No |
| sbd_seconds | 0 |
| sbd_last_interest_payment | 2017-07-17T02:38:03 |
| savings_sbd_last_interest_payment | 1970-01-01T00:00:00 |
{
"id": 247172,
"name": "rad1",
"owner": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM6SUY4dEgkwVf7FbaJfQUYZKFoU7XjJRH93MFSdV8rcFsjiQTxt",
1
]
]
},
"active": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM5Pn9m4ZQ1qCyiNARCFZh1fRwUHd5HsgiNfzUssjaCNpxXvLGTH",
1
]
]
},
"posting": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM8HaMuifceuGn9NRpfVeaPUxgmonZkfxMGAi9J8Fjd3xhE2Vw4U",
1
]
]
},
"memo_key": "STM8Y5Ebe6D9YT9vE99pfGfQEc4yKmaLSUd2ogLAeivHskC9ixNLg",
"json_metadata": "{\"profile\":{\"profile_image\":\"https://secure.gravatar.com/avatar/04421e3dd9ee94fcf27d5023f06a7f54\"}}",
"posting_json_metadata": "{\"profile\":{\"profile_image\":\"https://secure.gravatar.com/avatar/04421e3dd9ee94fcf27d5023f06a7f54\"}}",
"proxy": "",
"last_owner_update": "1970-01-01T00:00:00",
"last_account_update": "2017-07-11T16:46:12",
"created": "2017-07-08T16:08:57",
"mined": false,
"recovery_account": "steem",
"last_account_recovery": "1970-01-01T00:00:00",
"reset_account": "null",
"comment_count": 0,
"lifetime_vote_count": 0,
"post_count": 27,
"can_vote": true,
"voting_manabar": {
"current_mana": "8143659806",
"last_update_time": 1779081852
},
"downvote_manabar": {
"current_mana": 2035914951,
"last_update_time": 1779081852
},
"voting_power": 0,
"balance": "0.000 STEEM",
"savings_balance": "0.000 STEEM",
"sbd_balance": "0.002 SBD",
"sbd_seconds": "0",
"sbd_seconds_last_update": "2017-07-17T02:38:03",
"sbd_last_interest_payment": "2017-07-17T02:38:03",
"savings_sbd_balance": "0.000 SBD",
"savings_sbd_seconds": "0",
"savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
"savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
"savings_withdraw_requests": 0,
"reward_sbd_balance": "0.137 SBD",
"reward_steem_balance": "0.000 STEEM",
"reward_vesting_balance": "4159.862069 VESTS",
"reward_vesting_steem": "2.013 STEEM",
"vesting_shares": "1033.997963 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "7109.661843 VESTS",
"vesting_withdraw_rate": "0.000000 VESTS",
"next_vesting_withdrawal": "1969-12-31T23:59:59",
"withdrawn": 0,
"to_withdraw": 0,
"withdraw_routes": 0,
"curation_rewards": 0,
"posting_rewards": 2155,
"proxied_vsf_votes": [
0,
0,
0,
0
],
"witnesses_voted_for": 0,
"last_post": "2017-07-18T15:37:12",
"last_root_post": "2017-07-18T15:27:12",
"last_vote_time": "2017-07-18T15:27:12",
"post_bandwidth": 0,
"pending_claimed_accounts": 0,
"vesting_balance": "0.000 STEEM",
"reputation": "11387170489",
"transfer_history": [],
"market_history": [],
"post_history": [],
"vote_history": [],
"other_history": [],
"witness_votes": [],
"tags_usage": [],
"guest_bloggers": [],
"rank": 631110
}Withdraw Routes
| Incoming | Outgoing |
|---|---|
Empty | Empty |
{
"incoming": [],
"outgoing": []
}From Date
To Date
2026/05/18 05:24:12
2026/05/18 05:24:12
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 7109.661843 VESTS |
| Transaction Info | Block #106149599/Trx a97069dcd9bfd47d0da072ef9e35248cb10684cf |
View Raw JSON Data
{
"trx_id": "a97069dcd9bfd47d0da072ef9e35248cb10684cf",
"block": 106149599,
"trx_in_block": 3,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2026-05-18T05:24:12",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "7109.661843 VESTS"
}
]
}2026/05/13 00:45:54
2026/05/13 00:45:54
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 4397.451438 VESTS |
| Transaction Info | Block #106000764/Trx 4f586c2a0ea73aa4c075255bc550f23587ec3ccb |
View Raw JSON Data
{
"trx_id": "4f586c2a0ea73aa4c075255bc550f23587ec3ccb",
"block": 106000764,
"trx_in_block": 0,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2026-05-13T00:45:54",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "4397.451438 VESTS"
}
]
}2026/04/26 04:37:21
2026/04/26 04:37:21
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 7122.177599 VESTS |
| Transaction Info | Block #105517112/Trx 4edd0d0a8aaf39c9fc8c12fc79e1119e3762cf9d |
View Raw JSON Data
{
"trx_id": "4edd0d0a8aaf39c9fc8c12fc79e1119e3762cf9d",
"block": 105517112,
"trx_in_block": 0,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2026-04-26T04:37:21",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "7122.177599 VESTS"
}
]
}2026/01/23 21:38:57
2026/01/23 21:38:57
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 4438.998257 VESTS |
| Transaction Info | Block #102868401/Trx 86c5a04c3a565052d0e1ef08ba7c0e3596994930 |
View Raw JSON Data
{
"trx_id": "86c5a04c3a565052d0e1ef08ba7c0e3596994930",
"block": 102868401,
"trx_in_block": 1,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2026-01-23T21:38:57",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "4438.998257 VESTS"
}
]
}2024/12/17 16:49:48
2024/12/17 16:49:48
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 4603.217454 VESTS |
| Transaction Info | Block #91314631/Trx cd0f88d430920aa81231ddffd329780407b97cda |
View Raw JSON Data
{
"trx_id": "cd0f88d430920aa81231ddffd329780407b97cda",
"block": 91314631,
"trx_in_block": 0,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2024-12-17T16:49:48",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "4603.217454 VESTS"
}
]
}2024/12/17 16:49:48
2024/12/17 16:49:48
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 4603.217454 VESTS |
| Transaction Info | Block #91314631/Trx cd0f88d430920aa81231ddffd329780407b97cda |
View Raw JSON Data
{
"trx_id": "cd0f88d430920aa81231ddffd329780407b97cda",
"block": 91314631,
"trx_in_block": 0,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2024-12-17T16:49:48",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "4603.217454 VESTS"
}
]
}2023/11/14 08:31:21
2023/11/14 08:31:21
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 4772.350986 VESTS |
| Transaction Info | Block #79868791/Trx fac5f4a6fca0d83234e98a17eb889f7f290b5bb4 |
View Raw JSON Data
{
"trx_id": "fac5f4a6fca0d83234e98a17eb889f7f290b5bb4",
"block": 79868791,
"trx_in_block": 8,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2023-11-14T08:31:21",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "4772.350986 VESTS"
}
]
}2023/09/22 09:20:30
2023/09/22 09:20:30
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 7709.259772 VESTS |
| Transaction Info | Block #78361609/Trx b00061fafe9c9699fcc99bf71d473f701576779b |
View Raw JSON Data
{
"trx_id": "b00061fafe9c9699fcc99bf71d473f701576779b",
"block": 78361609,
"trx_in_block": 3,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2023-09-22T09:20:30",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "7709.259772 VESTS"
}
]
}2022/11/03 16:56:12
2022/11/03 16:56:12
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 7931.311210 VESTS |
| Transaction Info | Block #69119512/Trx d21e3416d229979536e8f2f5012f2236c2656519 |
View Raw JSON Data
{
"trx_id": "d21e3416d229979536e8f2f5012f2236c2656519",
"block": 69119512,
"trx_in_block": 3,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2022-11-03T16:56:12",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "7931.311210 VESTS"
}
]
}2022/01/17 22:13:39
2022/01/17 22:13:39
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 8151.418811 VESTS |
| Transaction Info | Block #60822868/Trx fa25fe03d730668b7baff55c9ee075d060ea4278 |
View Raw JSON Data
{
"trx_id": "fa25fe03d730668b7baff55c9ee075d060ea4278",
"block": 60822868,
"trx_in_block": 57,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2022-01-17T22:13:39",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "8151.418811 VESTS"
}
]
}2021/06/14 05:26:51
2021/06/14 05:26:51
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 8335.613099 VESTS |
| Transaction Info | Block #54613244/Trx 5ad1a7d924230eef89df8e308e82ec171ac2189f |
View Raw JSON Data
{
"trx_id": "5ad1a7d924230eef89df8e308e82ec171ac2189f",
"block": 54613244,
"trx_in_block": 5,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2021-06-14T05:26:51",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "8335.613099 VESTS"
}
]
}2020/12/11 15:39:54
2020/12/11 15:39:54
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 8523.035073 VESTS |
| Transaction Info | Block #49360532/Trx b5363fa0da33b52078bfc21590b7440f88d0ed30 |
View Raw JSON Data
{
"trx_id": "b5363fa0da33b52078bfc21590b7440f88d0ed30",
"block": 49360532,
"trx_in_block": 3,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-12-11T15:39:54",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "8523.035073 VESTS"
}
]
}2020/12/06 09:15:51
2020/12/06 09:15:51
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 1912.543513 VESTS |
| Transaction Info | Block #49212060/Trx 70e9715d8af5a61a659b468c1d47268d49eae249 |
View Raw JSON Data
{
"trx_id": "70e9715d8af5a61a659b468c1d47268d49eae249",
"block": 49212060,
"trx_in_block": 4,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-12-06T09:15:51",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "1912.543513 VESTS"
}
]
}2020/12/05 19:17:48
2020/12/05 19:17:48
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 8529.242927 VESTS |
| Transaction Info | Block #49195617/Trx a896cb27094314b091d1c4ca3940f1e23f13a0b0 |
View Raw JSON Data
{
"trx_id": "a896cb27094314b091d1c4ca3940f1e23f13a0b0",
"block": 49195617,
"trx_in_block": 4,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-12-05T19:17:48",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "8529.242927 VESTS"
}
]
}2020/11/03 01:02:15
2020/11/03 01:02:15
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 1920.017158 VESTS |
| Transaction Info | Block #48268869/Trx 0e30d3213303abdae8d3a79fdc9719e9b2a50e8d |
View Raw JSON Data
{
"trx_id": "0e30d3213303abdae8d3a79fdc9719e9b2a50e8d",
"block": 48268869,
"trx_in_block": 13,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-11-03T01:02:15",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "1920.017158 VESTS"
}
]
}2020/05/09 10:18:06
2020/05/09 10:18:06
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 8732.048286 VESTS |
| Transaction Info | Block #43222378/Trx 5b736fcca7843199a7bfec782629c0bb01685c29 |
View Raw JSON Data
{
"trx_id": "5b736fcca7843199a7bfec782629c0bb01685c29",
"block": 43222378,
"trx_in_block": 10,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-05-09T10:18:06",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "8732.048286 VESTS"
}
]
}2020/05/08 14:35:18
2020/05/08 14:35:18
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 1953.311140 VESTS |
| Transaction Info | Block #43199282/Trx 28c883b99a1e077c6e800f0e20c685fce921e970 |
View Raw JSON Data
{
"trx_id": "28c883b99a1e077c6e800f0e20c685fce921e970",
"block": 43199282,
"trx_in_block": 10,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-05-08T14:35:18",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "1953.311140 VESTS"
}
]
}2020/04/16 02:47:00
2020/04/16 02:47:00
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 8744.935734 VESTS |
| Transaction Info | Block #42568558/Trx 646e211917510a083a3a70b6da62d43111f5b92b |
View Raw JSON Data
{
"trx_id": "646e211917510a083a3a70b6da62d43111f5b92b",
"block": 42568558,
"trx_in_block": 18,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-04-16T02:47:00",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "rad1",
"vesting_shares": "8744.935734 VESTS"
}
]
}2019/07/08 17:43:42
2019/07/08 17:43:42
| parent author | rad1 |
| parent permlink | happy-news-for-ethereum-holders-what-current-trend-looks-like |
| author | steemitboard |
| permlink | steemitboard-notify-rad1-20190708t174342000z |
| title | |
| body | Congratulations @rad1! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@rad1/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@rad1) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=rad1)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes! |
| json metadata | {"image":["https://steemitboard.com/img/notify.png"]} |
| Transaction Info | Block #34488477/Trx bb1882e0e7b6537bf23ed0cb915cff293822c8f9 |
View Raw JSON Data
{
"trx_id": "bb1882e0e7b6537bf23ed0cb915cff293822c8f9",
"block": 34488477,
"trx_in_block": 6,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2019-07-08T17:43:42",
"op": [
"comment",
{
"parent_author": "rad1",
"parent_permlink": "happy-news-for-ethereum-holders-what-current-trend-looks-like",
"author": "steemitboard",
"permlink": "steemitboard-notify-rad1-20190708t174342000z",
"title": "",
"body": "Congratulations @rad1! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@rad1/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@rad1) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=rad1)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
"json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
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}2019/05/12 19:54:03
2019/05/12 19:54:03
| delegator | steem |
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| vesting shares | 8940.552547 VESTS |
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}2018/05/16 23:50:15
2018/05/16 23:50:15
| delegator | steem |
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}2018/01/09 06:54:36
2018/01/09 06:54:36
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 29691.174053 VESTS |
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}2017/09/20 22:07:42
2017/09/20 22:07:42
| parent author | rad1 |
| parent permlink | cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies |
| author | kaitlynmoore01 |
| permlink | re-rad1-cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies-20170920t220742786z |
| title | |
| body | Very good article. Thanks for bringing this to my attention. In my opinion blockchain is here to stay. A proper investment for the long term. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). Personally I always use: https://www.coincheckup.com Amazing opportunities came to light when I started using this coins to analyze cryptos. |
| json metadata | {"tags":["cryptocurrency"],"links":["https://www.coincheckup.com"],"app":"steemit/0.1"} |
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"title": "",
"body": "Very good article. Thanks for bringing this to my attention. In my opinion blockchain is here to stay. A proper investment for the long term. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). Personally I always use: https://www.coincheckup.com Amazing opportunities came to light when I started using this coins to analyze cryptos.",
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}2017/08/04 05:15:15
2017/08/04 05:15:15
| delegator | steem |
| delegatee | rad1 |
| vesting shares | 29942.002037 VESTS |
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}rad1received 0.879 SP author reward for @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king2017/07/23 21:41:18
rad1received 0.879 SP author reward for @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king
2017/07/23 21:41:18
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| permlink | rocking-the-downtrend-he-who-has-fiat-is-king |
| sbd payout | 0.000 SBD |
| steem payout | 0.000 STEEM |
| vesting payout | 1431.956861 VESTS |
| Transaction Info | Block #13945709/Virtual Operation #12 |
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}rad1received 0.680 SP author reward for @rad1 / greetings-fellow-steemians-a-riddle2017/07/21 16:26:06
rad1received 0.680 SP author reward for @rad1 / greetings-fellow-steemians-a-riddle
2017/07/21 16:26:06
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| permlink | greetings-fellow-steemians-a-riddle |
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| vesting payout | 1107.675239 VESTS |
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}rad1received 0.813 SP author reward for @rad1 / cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies2017/07/21 15:56:21
rad1received 0.813 SP author reward for @rad1 / cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies
2017/07/21 15:56:21
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| permlink | cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies |
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}2017/07/21 10:51:57
2017/07/21 10:51:57
| parent author | rad1 |
| parent permlink | greetings-fellow-steemians-a-riddle |
| author | kassie-vegas |
| permlink | re-rad1-greetings-fellow-steemians-a-riddle-20170721t105138592z |
| title | |
| body | nice introuction. Followed. **Follow me back** 😘 |
| json metadata | {"tags":["introduceyourself"],"app":"steemit/0.1"} |
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"body": "nice introuction. Followed. **Follow me back** 😘",
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}hasannaqviupvoted (51.00%) @rad1 / happy-news-for-ethereum-holders-what-current-trend-looks-like2017/07/20 17:13:15
hasannaqviupvoted (51.00%) @rad1 / happy-news-for-ethereum-holders-what-current-trend-looks-like
2017/07/20 17:13:15
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| author | rad1 |
| permlink | happy-news-for-ethereum-holders-what-current-trend-looks-like |
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}hasannaqviupvoted (51.00%) @rad1 / greetings-fellow-steemians-a-riddle2017/07/20 17:12:36
hasannaqviupvoted (51.00%) @rad1 / greetings-fellow-steemians-a-riddle
2017/07/20 17:12:36
| voter | hasannaqvi |
| author | rad1 |
| permlink | greetings-fellow-steemians-a-riddle |
| weight | 5100 (51.00%) |
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}hasannaqviremoved vote from (0.00%) @rad1 / greetings-fellow-steemians-a-riddle2017/07/20 17:12:27
hasannaqviremoved vote from (0.00%) @rad1 / greetings-fellow-steemians-a-riddle
2017/07/20 17:12:27
| voter | hasannaqvi |
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| permlink | greetings-fellow-steemians-a-riddle |
| weight | 0 (0.00%) |
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}hasannaqviupvoted (51.00%) @rad1 / greetings-fellow-steemians-a-riddle2017/07/20 17:12:18
hasannaqviupvoted (51.00%) @rad1 / greetings-fellow-steemians-a-riddle
2017/07/20 17:12:18
| voter | hasannaqvi |
| author | rad1 |
| permlink | greetings-fellow-steemians-a-riddle |
| weight | 5100 (51.00%) |
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}2017/07/19 18:18:15
2017/07/19 18:18:15
| voter | samfisher7997 |
| author | rad1 |
| permlink | cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies |
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}rad1received 0.137 SBD, 0.182 SP author reward for @rad1 / how-to-start-blogging-as-a-developer2017/07/18 17:07:45
rad1received 0.137 SBD, 0.182 SP author reward for @rad1 / how-to-start-blogging-as-a-developer
2017/07/18 17:07:45
| author | rad1 |
| permlink | how-to-start-blogging-as-a-developer |
| sbd payout | 0.137 SBD |
| steem payout | 0.000 STEEM |
| vesting payout | 295.564658 VESTS |
| Transaction Info | Block #13796382/Virtual Operation #10 |
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]
}2017/07/18 15:37:12
2017/07/18 15:37:12
| parent author | simaroy |
| parent permlink | re-rad1-happy-news-for-ethereum-holders-what-current-trend-looks-like-20170718t152929991z |
| author | rad1 |
| permlink | re-simaroy-re-rad1-happy-news-for-ethereum-holders-what-current-trend-looks-like-20170718t153712961z |
| title | |
| body | Waiting for this seemed like ages but this might be a sign of the bears finally starting to lose steam! Really eager to see what will happen over the course of next couple of days and also it will be interesting to see what the ETHBTC ratio will do. |
| json metadata | {"tags":["ethereum"],"app":"steemit/0.1"} |
| Transaction Info | Block #13794572/Trx 34e331fee90742f0adb08cfb1a86f77d453daa92 |
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"permlink": "re-simaroy-re-rad1-happy-news-for-ethereum-holders-what-current-trend-looks-like-20170718t153712961z",
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"body": "Waiting for this seemed like ages but this might be a sign of the bears finally starting to lose steam!\n\nReally eager to see what will happen over the course of next couple of days and also it will be interesting to see what the ETHBTC ratio will do.",
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}2017/07/18 15:29:39
2017/07/18 15:29:39
| parent author | rad1 |
| parent permlink | happy-news-for-ethereum-holders-what-current-trend-looks-like |
| author | simaroy |
| permlink | re-rad1-happy-news-for-ethereum-holders-what-current-trend-looks-like-20170718t152929991z |
| title | |
| body | Excellent |
| json metadata | {"tags":["ethereum"],"app":"steemit/0.1"} |
| Transaction Info | Block #13794421/Trx 237fd7f4ceca178c658069e95451daa77226cf4a |
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"title": "",
"body": "Excellent",
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}rad1published a new post: happy-news-for-ethereum-holders-what-current-trend-looks-like2017/07/18 15:29:09
rad1published a new post: happy-news-for-ethereum-holders-what-current-trend-looks-like
2017/07/18 15:29:09
| parent author | |
| parent permlink | ethereum |
| author | rad1 |
| permlink | happy-news-for-ethereum-holders-what-current-trend-looks-like |
| title | Happy news for Ethereum holders: What current trend looks like |
| body | @@ -368,8 +368,47 @@ t,%0A@rad1 +%0A%0APS. Those are 12hr candles on EHTEUR. |
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"title": "Happy news for Ethereum holders: What current trend looks like",
"body": "@@ -368,8 +368,47 @@\n t,%0A@rad1\n+%0A%0APS. Those are 12hr candles on EHTEUR.\n",
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}2017/07/18 15:28:09
2017/07/18 15:28:09
| parent author | rad1 |
| parent permlink | happy-news-for-ethereum-holders-what-current-trend-looks-like |
| author | itrustinsteem |
| permlink | re-rad1-happy-news-for-ethereum-holders-what-current-trend-looks-like-20170718t152805699z |
| title | |
| body | good analytics but he will be great after upvote for my posts |
| json metadata | {"tags":["ethereum"],"app":"steemit/0.1"} |
| Transaction Info | Block #13794391/Trx 640f2666f9d377fbe92e88bad2638eb28e3fa3b7 |
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"permlink": "re-rad1-happy-news-for-ethereum-holders-what-current-trend-looks-like-20170718t152805699z",
"title": "",
"body": "good analytics \nbut he will be great after upvote for my posts",
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}itrustinsteemupvoted (100.00%) @rad1 / happy-news-for-ethereum-holders-what-current-trend-looks-like2017/07/18 15:27:39
itrustinsteemupvoted (100.00%) @rad1 / happy-news-for-ethereum-holders-what-current-trend-looks-like
2017/07/18 15:27:39
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}rad1upvoted (100.00%) @rad1 / happy-news-for-ethereum-holders-what-current-trend-looks-like2017/07/18 15:27:12
rad1upvoted (100.00%) @rad1 / happy-news-for-ethereum-holders-what-current-trend-looks-like
2017/07/18 15:27:12
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}rad1updated options for happy-news-for-ethereum-holders-what-current-trend-looks-like2017/07/18 15:27:12
rad1updated options for happy-news-for-ethereum-holders-what-current-trend-looks-like
2017/07/18 15:27:12
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}rad1published a new post: happy-news-for-ethereum-holders-what-current-trend-looks-like2017/07/18 15:27:12
rad1published a new post: happy-news-for-ethereum-holders-what-current-trend-looks-like
2017/07/18 15:27:12
| parent author | |
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| author | rad1 |
| permlink | happy-news-for-ethereum-holders-what-current-trend-looks-like |
| title | Happy news for Ethereum holders: What current trend looks like |
| body |  Hey guys, Just wanted to quickly post the above :) What a testament to crypto volatility! Happy news to Ethereum holders and looking forward to how this will play out over the next couple of days. All the best, @rad1 |
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"body": "\n\nHey guys,\n\nJust wanted to quickly post the above :) What a testament to crypto volatility! Happy news to Ethereum holders and looking forward to how this will play out over the next couple of days.\n\nAll the best,\n@rad1",
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2017/07/18 09:46:03
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| body | Thank you for your comment @elmumby! Glad to see you here :) You gained a follower as well! |
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}2017/07/17 17:15:57
2017/07/17 17:15:57
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| body | Found you from steemit chat! Great post. Personally I'm holding - I don't think cryptocurrency will be going anywhere soon. But it definitely is an unpredictable market at the minute. You've gained a follower :) |
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}rad1published a new post: rocking-the-downtrend-he-who-has-fiat-is-king2017/07/17 17:15:39
rad1published a new post: rocking-the-downtrend-he-who-has-fiat-is-king
2017/07/17 17:15:39
| parent author | |
| parent permlink | cryptocurrency |
| author | rad1 |
| permlink | rocking-the-downtrend-he-who-has-fiat-is-king |
| title | Thriving in the Downtrend: Protecting your Fiat Lifeline |
| body |  I am planning on writing a longer post on how to take advantage of a bear market (similarly to the one I wrote [here](https://steemit.com/cryptocurrency/@rad1/cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies) on the fundamentals of cryptocurrency investing) but as the onslaught on the markets continues, I thought I'd share with you a quick observation that might be of help to you. # In a Bear Market, He Who Has Fiat Is King In a downtrend, fiat is the fuel that allows you to maneuver. You can use it for opening shorts and trying to ride the wave, though I would advise against it unless you have considerable time at your disposal to look at the charts and unless you already have had some exposure to the volatility of cryptomarkets. No, this is not what I would like to talk about here. What I would like to address is something way more fundamental than that - for the majority of folks like myself, who don't aspire to be traders but rather view ourselves as long term investors, we still need fiat to do what downtrend is best for, that is buying at a discounted price. # The Pitfall To be Avoided At All Cost "Oh wow, look at the price of my fav coin!!! OMG WTF BBQ no way it is so cheap! Once it hits XYZ I am buying!" Great :) Doing so is not all that bad and at least there is some semblance of strategy that gets executed here, but if you spend all your fiat in one go, that is clearly a no-no. In the words of Warren Buffet > The Market Can Remain Irrational Longer Than You Can Remain Solvent Part of what he means here is that even if your purchase was fully rational and 100% made sense, even if the price was a steal, by spending all your fiat you might be missing out on the opportunity to take advantage of the irrationality of the market down the road, of the potential for the price to drop even lower. Or even much lower than the lowest low that you can imagine in your wildest dreams. # What Should I Do Then? The truth is, no one knows where the bottom is. If anyone would be able to time the market with any reasonable consistency, they would be beyond insanely rich. Is all lost then and there is no hope? No, by all means, no! Dollar cost averaging, or a form of it, is the way to go. Start buying before you hit your target price and keep on buying after the price gets lower # But Will I Not Miss A Once In a Life Time Opportunity? "I mean, c'mon, the price is so low the market needs to start turning soon!" Stop. You are trying to time the market again. As it stands, there should be no greater fear in a down market than running out of cash. So what if you don't spend all your fiat before the market turns? At least you have a much greater chance of spending the fiat that you spend really well! Look at it this way: would you rather spend 10 bucks poorly or spend 5 bucks well? And the key takeaway here is this - by being patient, by playing it slow, you might not 'get lucky' and make such a killing as you would if spent all your fiat at this one particular price point and you somehow miraculously ended timing the market perfectly. But investing or anything in life should not be about luck. Via being patient you maximize your chances of doing well in the current bear market and any other bear market you might ever find yourself in! Once again in the words of the great Warren Buffet: > The stock market is a device for transferring money from the impatient to the patient # Oh gee, now I know it all, but I am out of fiat - let me just put this one purchase on my credit card... STOP. This is a recipe for disaster. So you have all your available fiat in crypto and we are deep into the bear market? Congrats - this means you have not sold and likely should not sell now because: 1. who knows where the bottom is 2. if you missed selling in the bull market chances are selling in the bear market might get you into a lot, a lot of trouble (say hello to buying high and selling low If you believe the tide will turn and crypto will not disappear, holding might be the way to go. But above all, don't be stupid. Buying cryptocurrency with money you need to pay the bills or money you need to pay back is a recipe for a disaster beyond any of the epic, mindbending cluster#&^%s you can imagine (don't trust me? google 'going on tilt' as it relates to poker and imagine what this can do to you when messing with money you do not own). # Finishing Thoughts So this is it, really. Above all stay safe and if you have fiat at your disposal enjoy this shopping season :) If not and if you decide to sell, do yourself a favor and don't buy in higher. And if you do decide to hold I think you might be onto something. Maybe cryptocurrencies and blockchain technologies will not disappear. And maybe there will be more waves and tides for us to ride down the road. Chances are that through the experience of surviving the current bear market we will come better prepared next time. And if you enjoyed this article, please give me a shout in the comments. I am only starting to blog and would appreciate the extra energy :) Also, please stay tuned for more. I have a lot of ideas I would like to cover and on a related subject to that of this post I would like to write something more detailed on dollar cost averaging and maybe something on how to have fun, literally fun, in a bear market. Until then, arivederci and all the best in your trades! PS. If you have any comments on my thought process and see ways in which the above can be improved or extended, if you would be so kind and share that would be super great and I will be forever grateful! |
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"body": "\n\nI am planning on writing a longer post on how to take advantage of a bear market (similarly to the one I wrote [here](https://steemit.com/cryptocurrency/@rad1/cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies) on the fundamentals of cryptocurrency investing) but as the onslaught on the markets continues, I thought I'd share with you a quick observation that might be of help to you.\n\n# In a Bear Market, He Who Has Fiat Is King\n\nIn a downtrend, fiat is the fuel that allows you to maneuver. You can use it for opening shorts and trying to ride the wave, though I would advise against it unless you have considerable time at your disposal to look at the charts and unless you already have had some exposure to the volatility of cryptomarkets.\n\nNo, this is not what I would like to talk about here. What I would like to address is something way more fundamental than that - for the majority of folks like myself, who don't aspire to be traders but rather view ourselves as long term investors, we still need fiat to do what downtrend is best for, that is buying at a discounted price.\n\n# The Pitfall To be Avoided At All Cost\n\n\"Oh wow, look at the price of my fav coin!!! OMG WTF BBQ no way it is so cheap! Once it hits XYZ I am buying!\" Great :) Doing so is not all that bad and at least there is some semblance of strategy that gets executed here, but if you spend all your fiat in one go, that is clearly a no-no. \n\nIn the words of Warren Buffet\n> The Market Can Remain Irrational Longer Than You Can Remain Solvent\n\nPart of what he means here is that even if your purchase was fully rational and 100% made sense, even if the price was a steal, by spending all your fiat you might be missing out on the opportunity to take advantage of the irrationality of the market down the road, of the potential for the price to drop even lower. Or even much lower than the lowest low that you can imagine in your wildest dreams.\n\n# What Should I Do Then?\n\nThe truth is, no one knows where the bottom is. If anyone would be able to time the market with any reasonable consistency, they would be beyond insanely rich.\n\nIs all lost then and there is no hope? No, by all means, no! Dollar cost averaging, or a form of it, is the way to go. Start buying before you hit your target price and keep on buying after the price gets lower \n\n# But Will I Not Miss A Once In a Life Time Opportunity?\n\n\"I mean, c'mon, the price is so low the market needs to start turning soon!\" Stop. You are trying to time the market again. \n\nAs it stands, there should be no greater fear in a down market than running out of cash. So what if you don't spend all your fiat before the market turns? At least you have a much greater chance of spending the fiat that you spend really well!\n\nLook at it this way: would you rather spend 10 bucks poorly or spend 5 bucks well?\n\nAnd the key takeaway here is this - by being patient, by playing it slow, you might not 'get lucky' and make such a killing as you would if spent all your fiat at this one particular price point and you somehow miraculously ended timing the market perfectly.\n\nBut investing or anything in life should not be about luck. Via being patient you maximize your chances of doing well in the current bear market and any other bear market you might ever find yourself in!\n\nOnce again in the words of the great Warren Buffet:\n\n> The stock market is a device for transferring money from the impatient to the patient\n\n# Oh gee, now I know it all, but I am out of fiat - let me just put this one purchase on my credit card...\n\nSTOP. This is a recipe for disaster. So you have all your available fiat in crypto and we are deep into the bear market? Congrats - this means you have not sold and likely should not sell now because:\n\n1. who knows where the bottom is\n2. if you missed selling in the bull market chances are selling in the bear market might get you into a lot, a lot of trouble (say hello to buying high and selling low \n\nIf you believe the tide will turn and crypto will not disappear, holding might be the way to go. But above all, don't be stupid. Buying cryptocurrency with money you need to pay the bills or money you need to pay back is a recipe for a disaster beyond any of the epic, mindbending cluster#&^%s you can imagine (don't trust me? google 'going on tilt' as it relates to poker and imagine what this can do to you when messing with money you do not own).\n\n# Finishing Thoughts\n\nSo this is it, really. Above all stay safe and if you have fiat at your disposal enjoy this shopping season :) If not and if you decide to sell, do yourself a favor and don't buy in higher.\n\nAnd if you do decide to hold I think you might be onto something. Maybe cryptocurrencies and blockchain technologies will not disappear. And maybe there will be more waves and tides for us to ride down the road. Chances are that through the experience of surviving the current bear market we will come better prepared next time.\n\nAnd if you enjoyed this article, please give me a shout in the comments. I am only starting to blog and would appreciate the extra energy :)\n\nAlso, please stay tuned for more. I have a lot of ideas I would like to cover and on a related subject to that of this post I would like to write something more detailed on dollar cost averaging and maybe something on how to have fun, literally fun, in a bear market.\n\nUntil then, arivederci and all the best in your trades!\n\nPS. If you have any comments on my thought process and see ways in which the above can be improved or extended, if you would be so kind and share that would be super great and I will be forever grateful!",
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}elmumbyupvoted (100.00%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king2017/07/17 17:12:36
elmumbyupvoted (100.00%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king
2017/07/17 17:12:36
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2017/07/17 17:12:27
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}rad1followed @dollarvigilante2017/07/17 17:03:36
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2017/07/17 17:03:36
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}2017/07/17 16:58:27
2017/07/17 16:58:27
| parent author | jfuenmayor96 |
| parent permlink | re-rad1-re-jfuenmayor96-re-rad1-how-to-start-blogging-as-a-developer-20170717t142023161z |
| author | rad1 |
| permlink | re-jfuenmayor96-re-rad1-re-jfuenmayor96-re-rad1-how-to-start-blogging-as-a-developer-20170717t165826148z |
| title | |
| body | The real question is, are the game theoretic underpinnings of the steemit system geared towards promoting good content and whether my content is good and should be thus doing well :) Oh well, unable to offer anything but unwarranted rambling on either of those fronts at this point but guess I am willing to invest more time and energy to see how it pans out :) |
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"body": "The real question is, are the game theoretic underpinnings of the steemit system geared towards promoting good content and whether my content is good and should be thus doing well :)\n\nOh well, unable to offer anything but unwarranted rambling on either of those fronts at this point but guess I am willing to invest more time and energy to see how it pans out :)",
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}lakovupvoted (100.00%) @rad1 / how-to-start-blogging-as-a-developer2017/07/17 15:25:45
lakovupvoted (100.00%) @rad1 / how-to-start-blogging-as-a-developer
2017/07/17 15:25:45
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}2017/07/17 14:20:24
2017/07/17 14:20:24
| parent author | rad1 |
| parent permlink | re-jfuenmayor96-re-rad1-how-to-start-blogging-as-a-developer-20170717t091748031z |
| author | jfuenmayor96 |
| permlink | re-rad1-re-jfuenmayor96-re-rad1-how-to-start-blogging-as-a-developer-20170717t142023161z |
| title | |
| body | Thank you :) you can earn Steem power from your post and curating someone else's post though, is not necessary to invest money buying it. Of course, buying steem power will mean a huge boost. |
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"body": "Thank you :) you can earn Steem power from your post and curating someone else's post though, is not necessary to invest money buying it. Of course, buying steem power will mean a huge boost.",
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}rad1published a new post: rocking-the-downtrend-he-who-has-fiat-is-king2017/07/17 12:27:27
rad1published a new post: rocking-the-downtrend-he-who-has-fiat-is-king
2017/07/17 12:27:27
| parent author | |
| parent permlink | cryptocurrency |
| author | rad1 |
| permlink | rocking-the-downtrend-he-who-has-fiat-is-king |
| title | Surviving the Downtrend: Protecting your fiat lifeline |
| body |  I am planning on writing a longer post on how to take advantage of a bear market (similarly to the one I wrote [here](https://steemit.com/cryptocurrency/@rad1/cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies) on the fundamentals of cryptocurrency investing) but as the onslaught on the markets continues, I thought I'd share with you a quick observation that might be of help to you. # In a Bear Market, He Who Has Fiat Is King In a downtrend, fiat is the fuel that allows you to maneuver. You can use it for opening shorts and trying to ride the wave, though I would advise against it unless you have considerable time at your disposal to look at the charts and unless you already have had some exposure to the volatility of cryptomarkets. No, this is not what I would like to talk about here. What I would like to address is something way more fundamental than that - for the majority of folks like myself, who don't aspire to be traders but rather view ourselves as long term investors, we still need fiat to do what downtrend is best for, that is buying at a discounted price. # The Pitfall To be Avoided At All Cost "Oh wow, look at the price of my fav coin!!! OMG WTF BBQ no way it is so cheap! Once it hits XYZ I am buying!" Great :) Doing so is not all that bad and at least there is some semblance of strategy that gets executed here, but if you spend all your fiat in one go, that is clearly a no-no. In the words of Warren Buffet > The Market Can Remain Irrational Longer Than You Can Remain Solvent Part of what he means here is that even if your purchase was fully rational and 100% made sense, even if the price was a steal, by spending all your fiat you might be missing out on the opportunity to take advantage of the irrationality of the market down the road, of the potential for the price to drop even lower. Or even much lower than the lowest low that you can imagine in your wildest dreams. # What Should I Do Then? The truth is, no one knows where the bottom is. If anyone would be able to time the market with any reasonable consistency, they would be beyond insanely rich. Is all lost then and there is no hope? No, by all means, no! Dollar cost averaging, or a form of it, is the way to go. Start buying before you hit your target price and keep on buying after the price gets lower # But Will I Not Miss A Once In a Life Time Opportunity? "I mean, c'mon, the price is so low the market needs to start turning soon!" Stop. You are trying to time the market again. As it stands, there should be no greater fear in a down market than running out of cash. So what if you don't spend all your fiat before the market turns? At least you have a much greater chance of spending the fiat that you spend really well! Look at it this way: would you rather spend 10 bucks poorly or spend 5 bucks well? And the key takeaway here is this - by being patient, by playing it slow, you might not 'get lucky' and make such a killing as you would if spent all your fiat at this one particular price point and you somehow miraculously ended timing the market perfectly. But investing or anything in life should not be about luck. Via being patient you maximize your chances of doing well in the current bear market and any other bear market you might ever find yourself in! Once again in the words of the great Warren Buffet: > The stock market is a device for transferring money from the impatient to the patient # Oh gee, now I know it all, but I am out of fiat - let me just put this one purchase on my credit card... STOP. This is a recipe for disaster. So you have all your available fiat in crypto and we are deep into the bear market? Congrats - this means you have not sold and likely should not sell now because: 1. who knows where the bottom is 2. if you missed selling in the bull market chances are selling in the bear market might get you into a lot, a lot of trouble (say hello to buying high and selling low If you believe the tide will turn and crypto will not disappear, holding might be the way to go. But above all, don't be stupid. Buying cryptocurrency with money you need to pay the bills or money you need to pay back is a recipe for a disaster beyond any of the epic, mindbending cluster#&^%s you can imagine (don't trust me? google 'going on tilt' as it relates to poker and imagine what this can do to you when messing with money you do not own). # Finishing Thoughts So this is it, really. Above all stay safe and if you have fiat at your disposal enjoy this shopping season :) If not and if you decide to sell, do yourself a favor and don't buy in higher. And if you do decide to hold I think you might be onto something. Maybe cryptocurrencies and blockchain technologies will not disappear. And maybe there will be more waves and tides for us to ride down the road. Chances are that through the experience of surviving the current bear market we will come better prepared next time. And if you enjoyed this article, please give me a shout in the comments. I am only starting to blog and would appreciate the extra energy :) Also, please stay tuned for more. I have a lot of ideas I would like to cover and on a related subject to that of this post I would like to write something more detailed on dollar cost averaging and maybe something on how to have fun, literally fun, in a bear market. Until then, arivederci and all the best in your trades! PS. If you have any comments on my thought process and see ways in which the above can be improved or extended, if you would be so kind and share that would be super great and I will be forever grateful! |
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"body": "\n\nI am planning on writing a longer post on how to take advantage of a bear market (similarly to the one I wrote [here](https://steemit.com/cryptocurrency/@rad1/cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies) on the fundamentals of cryptocurrency investing) but as the onslaught on the markets continues, I thought I'd share with you a quick observation that might be of help to you.\n\n# In a Bear Market, He Who Has Fiat Is King\n\nIn a downtrend, fiat is the fuel that allows you to maneuver. You can use it for opening shorts and trying to ride the wave, though I would advise against it unless you have considerable time at your disposal to look at the charts and unless you already have had some exposure to the volatility of cryptomarkets.\n\nNo, this is not what I would like to talk about here. What I would like to address is something way more fundamental than that - for the majority of folks like myself, who don't aspire to be traders but rather view ourselves as long term investors, we still need fiat to do what downtrend is best for, that is buying at a discounted price.\n\n# The Pitfall To be Avoided At All Cost\n\n\"Oh wow, look at the price of my fav coin!!! OMG WTF BBQ no way it is so cheap! Once it hits XYZ I am buying!\" Great :) Doing so is not all that bad and at least there is some semblance of strategy that gets executed here, but if you spend all your fiat in one go, that is clearly a no-no. \n\nIn the words of Warren Buffet\n> The Market Can Remain Irrational Longer Than You Can Remain Solvent\n\nPart of what he means here is that even if your purchase was fully rational and 100% made sense, even if the price was a steal, by spending all your fiat you might be missing out on the opportunity to take advantage of the irrationality of the market down the road, of the potential for the price to drop even lower. Or even much lower than the lowest low that you can imagine in your wildest dreams.\n\n# What Should I Do Then?\n\nThe truth is, no one knows where the bottom is. If anyone would be able to time the market with any reasonable consistency, they would be beyond insanely rich.\n\nIs all lost then and there is no hope? No, by all means, no! Dollar cost averaging, or a form of it, is the way to go. Start buying before you hit your target price and keep on buying after the price gets lower \n\n# But Will I Not Miss A Once In a Life Time Opportunity?\n\n\"I mean, c'mon, the price is so low the market needs to start turning soon!\" Stop. You are trying to time the market again. \n\nAs it stands, there should be no greater fear in a down market than running out of cash. So what if you don't spend all your fiat before the market turns? At least you have a much greater chance of spending the fiat that you spend really well!\n\nLook at it this way: would you rather spend 10 bucks poorly or spend 5 bucks well?\n\nAnd the key takeaway here is this - by being patient, by playing it slow, you might not 'get lucky' and make such a killing as you would if spent all your fiat at this one particular price point and you somehow miraculously ended timing the market perfectly.\n\nBut investing or anything in life should not be about luck. Via being patient you maximize your chances of doing well in the current bear market and any other bear market you might ever find yourself in!\n\nOnce again in the words of the great Warren Buffet:\n\n> The stock market is a device for transferring money from the impatient to the patient\n\n# Oh gee, now I know it all, but I am out of fiat - let me just put this one purchase on my credit card...\n\nSTOP. This is a recipe for disaster. So you have all your available fiat in crypto and we are deep into the bear market? Congrats - this means you have not sold and likely should not sell now because:\n\n1. who knows where the bottom is\n2. if you missed selling in the bull market chances are selling in the bear market might get you into a lot, a lot of trouble (say hello to buying high and selling low \n\nIf you believe the tide will turn and crypto will not disappear, holding might be the way to go. But above all, don't be stupid. Buying cryptocurrency with money you need to pay the bills or money you need to pay back is a recipe for a disaster beyond any of the epic, mindbending cluster#&^%s you can imagine (don't trust me? google 'going on tilt' as it relates to poker and imagine what this can do to you when messing with money you do not own).\n\n# Finishing Thoughts\n\nSo this is it, really. Above all stay safe and if you have fiat at your disposal enjoy this shopping season :) If not and if you decide to sell, do yourself a favor and don't buy in higher.\n\nAnd if you do decide to hold I think you might be onto something. Maybe cryptocurrencies and blockchain technologies will not disappear. And maybe there will be more waves and tides for us to ride down the road. Chances are that through the experience of surviving the current bear market we will come better prepared next time.\n\nAnd if you enjoyed this article, please give me a shout in the comments. I am only starting to blog and would appreciate the extra energy :)\n\nAlso, please stay tuned for more. I have a lot of ideas I would like to cover and on a related subject to that of this post I would like to write something more detailed on dollar cost averaging and maybe something on how to have fun, literally fun, in a bear market.\n\nUntil then, arivederci and all the best in your trades!\n\nPS. If you have any comments on my thought process and see ways in which the above can be improved or extended, if you would be so kind and share that would be super great and I will be forever grateful!",
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}2017/07/17 09:33:24
2017/07/17 09:33:24
| parent author | larksongbird |
| parent permlink | re-rad1-rocking-the-downtrend-he-who-has-fiat-is-king-20170716t221612470z |
| author | rad1 |
| permlink | re-larksongbird-re-rad1-rocking-the-downtrend-he-who-has-fiat-is-king-20170717t093314891z |
| title | |
| body | @@ -1,13 +1,14 @@ Agree +d :) It i |
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}2017/07/17 09:33:15
2017/07/17 09:33:15
| parent author | larksongbird |
| parent permlink | re-rad1-rocking-the-downtrend-he-who-has-fiat-is-king-20170716t221612470z |
| author | rad1 |
| permlink | re-larksongbird-re-rad1-rocking-the-downtrend-he-who-has-fiat-is-king-20170717t093314891z |
| title | |
| body | Agree :) It is very hard to do so though when watching massive downswings and placing orders in the heat of the moment hence thought we could all benefit from a brief reminder given the huge sell-off under way right now. |
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"body": "Agree :) It is very hard to do so though when watching massive downswings and placing orders in the heat of the moment hence thought we could all benefit from a brief reminder given the huge sell-off under way right now.",
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}2017/07/17 09:25:42
2017/07/17 09:25:42
| parent author | ryn |
| parent permlink | re-rad1-rocking-the-downtrend-he-who-has-fiat-is-king-20170716t215017711z |
| author | rad1 |
| permlink | re-ryn-re-rad1-rocking-the-downtrend-he-who-has-fiat-is-king-20170717t092542623z |
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| body | Thank you for reading and for the comment @ryn! |
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"body": "Thank you for reading and for the comment @ryn!",
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}hasannaqvireplied to @rad1 / re-rad1-2017717t132329659z2017/07/17 09:23:33
hasannaqvireplied to @rad1 / re-rad1-2017717t132329659z
2017/07/17 09:23:33
| parent author | rad1 |
| parent permlink | re-hasannaqvi-re-rad1-2017715t142919888z-20170716t202957765z |
| author | hasannaqvi |
| permlink | re-rad1-2017717t132329659z |
| title | |
| body | eSteem is a mobile version of steemit created by a genuis known as @good-karma Check it in Appstore or Google playstore |
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"body": "eSteem is a mobile version of steemit created by a genuis known as @good-karma\n\nCheck it in Appstore or Google playstore",
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}2017/07/17 09:17:48
2017/07/17 09:17:48
| parent author | jfuenmayor96 |
| parent permlink | re-rad1-how-to-start-blogging-as-a-developer-20170716t231240500z |
| author | rad1 |
| permlink | re-jfuenmayor96-re-rad1-how-to-start-blogging-as-a-developer-20170717t091748031z |
| title | |
| body | Hey Julio, Yeah, I am in a similar boat. Only started with Steemit so willing to give it some more time. Need to pay a visit when I find a little time to steemit.chat - maybe will be able to gain some insights / learn a bit more through there. Maybe buying steem power would be a way to boost readership but not sure if this is something I would be willing to do. Keeping my fingers crossed for you nonetheless and hope it all works out! |
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"permlink": "re-jfuenmayor96-re-rad1-how-to-start-blogging-as-a-developer-20170717t091748031z",
"title": "",
"body": "Hey Julio,\n\nYeah, I am in a similar boat. Only started with Steemit so willing to give it some more time. Need to pay a visit when I find a little time to steemit.chat - maybe will be able to gain some insights / learn a bit more through there.\n\nMaybe buying steem power would be a way to boost readership but not sure if this is something I would be willing to do.\n\nKeeping my fingers crossed for you nonetheless and hope it all works out!",
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}alphacoreupvoted (0.10%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king2017/07/17 09:16:51
alphacoreupvoted (0.10%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king
2017/07/17 09:16:51
| voter | alphacore |
| author | rad1 |
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}rad1published a new post: rocking-the-downtrend-he-who-has-fiat-is-king2017/07/17 09:03:12
rad1published a new post: rocking-the-downtrend-he-who-has-fiat-is-king
2017/07/17 09:03:12
| parent author | |
| parent permlink | cryptocurrency |
| author | rad1 |
| permlink | rocking-the-downtrend-he-who-has-fiat-is-king |
| title | Surviving the Downtrend: Protect your fiat lifeline |
| body |  I am planning on writing a longer post on how to take advantage of a bear market (similarly to the one I wrote [here](https://steemit.com/cryptocurrency/@rad1/cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies) on the fundamentals of cryptocurrency investing) but as the onslaught on the markets continues, I thought I'd share with you a quick observation that might be of help to you. # In a Bear Market, He Who Has Fiat Is King In a downtrend, fiat is the fuel that allows you to maneuver. You can use it for opening shorts and trying to ride the wave, though I would advise against it unless you have considerable time at your disposal to look at the charts and unless you already have had some exposure to the volatility of cryptomarkets. No, this is not what I would like to talk about here. What I would like to address is something way more fundamental than that - for the majority of folks like myself, who don't aspire to be traders but rather view ourselves as long term investors, we still need fiat to do what downtrend is best for, that is buying at a discounted price. # The Pitfall To be Avoided At All Cost "Oh wow, look at the price of my fav coin!!! OMG WTF BBQ no way it is so cheap! Once it hits XYZ I am buying!" Great :) Doing so is not all that bad and at least there is some semblance of strategy that gets executed here, but if you spend all your fiat in one go, that is clearly a no-no. In the words of Warren Buffet > The Market Can Remain Irrational Longer Than You Can Remain Solvent Part of what he means here is that even if your purchase was fully rational and 100% made sense, even if the price was a steal, by spending all your fiat you might be missing out on the opportunity to take advantage of the irrationality of the market down the road, of the potential for the price to drop even lower. Or even much lower than the lowest low that you can imagine in your wildest dreams. # What Should I Do Then? The truth is, no one knows where the bottom is. If anyone would be able to time the market with any reasonable consistency, they would be beyond insanely rich. Is all lost then and there is no hope? No, by all means, no! Dollar cost averaging, or a form of it, is the way to go. Start buying before you hit your target price and keep on buying after the price gets lower # But Will I Not Miss A Once In a Life Time Opportunity? "I mean, c'mon, the price is so low the market needs to start turning soon!" Stop. You are trying to time the market again. As it stands, there should be no greater fear in a down market than running out of cash. So what if you don't spend all your fiat before the market turns? At least you have a much greater chance of spending the fiat that you spend really well! Look at it this way: would you rather spend 10 bucks poorly or spend 5 bucks well? And the key takeaway here is this - by being patient, by playing it slow, you might not 'get lucky' and make such a killing as you would if spent all your fiat at this one particular price point and you somehow miraculously ended timing the market perfectly. But investing or anything in life should not be about luck. Via being patient you maximize your chances of doing well in the current bear market and any other bear market you might ever find yourself in! Once again in the words of the great Warren Buffet: > The stock market is a device for transferring money from the impatient to the patient # Oh gee, now I know it all, but I am out of fiat - let me just put this one purchase on my credit card... STOP. This is a recipe for disaster. So you have all your available fiat in crypto and we are deep into the bear market? Congrats - this means you have not sold and likely should not sell now because: 1. who knows where the bottom is 2. if you missed selling in the bull market chances are selling in the bear market might get you into a lot, a lot of trouble (say hello to buying high and selling low If you believe the tide will turn and crypto will not disappear, holding might be the way to go. But above all, don't be stupid. Buying cryptocurrency with money you need to pay the bills or money you need to pay back is a recipe for a disaster beyond any of the epic, mindbending cluster#&^%s you can imagine (don't trust me? google 'going on tilt' as it relates to poker and imagine what this can do to you when messing with money you do not own). # Finishing Thoughts So this is it, really. Above all stay safe and if you have fiat at your disposal enjoy this shopping season :) If not and if you decide to sell, do yourself a favor and don't buy in higher. And if you do decide to hold I think you might be onto something. Maybe cryptocurrencies and blockchain technologies will not disappear. And maybe there will be more waves and tides for us to ride down the road. Chances are that through the experience of surviving the current bear market we will come better prepared next time. And if you enjoyed this article, please give me a shout in the comments. I am only starting to blog and would appreciate the extra energy :) Also, please stay tuned for more. I have a lot of ideas I would like to cover and on a related subject to that of this post I would like to write something more detailed on dollar cost averaging and maybe something on how to have fun, literally fun, in a bear market. Until then, arivederci and all the best in your trades! PS. If you have any comments on my thought process and see ways in which the above can be improved or extended, if you would be so kind and share that would be super great and I will be forever grateful! |
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"body": "\n\nI am planning on writing a longer post on how to take advantage of a bear market (similarly to the one I wrote [here](https://steemit.com/cryptocurrency/@rad1/cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies) on the fundamentals of cryptocurrency investing) but as the onslaught on the markets continues, I thought I'd share with you a quick observation that might be of help to you.\n\n# In a Bear Market, He Who Has Fiat Is King\n\nIn a downtrend, fiat is the fuel that allows you to maneuver. You can use it for opening shorts and trying to ride the wave, though I would advise against it unless you have considerable time at your disposal to look at the charts and unless you already have had some exposure to the volatility of cryptomarkets.\n\nNo, this is not what I would like to talk about here. What I would like to address is something way more fundamental than that - for the majority of folks like myself, who don't aspire to be traders but rather view ourselves as long term investors, we still need fiat to do what downtrend is best for, that is buying at a discounted price.\n\n# The Pitfall To be Avoided At All Cost\n\n\"Oh wow, look at the price of my fav coin!!! OMG WTF BBQ no way it is so cheap! Once it hits XYZ I am buying!\" Great :) Doing so is not all that bad and at least there is some semblance of strategy that gets executed here, but if you spend all your fiat in one go, that is clearly a no-no. \n\nIn the words of Warren Buffet\n> The Market Can Remain Irrational Longer Than You Can Remain Solvent\n\nPart of what he means here is that even if your purchase was fully rational and 100% made sense, even if the price was a steal, by spending all your fiat you might be missing out on the opportunity to take advantage of the irrationality of the market down the road, of the potential for the price to drop even lower. Or even much lower than the lowest low that you can imagine in your wildest dreams.\n\n# What Should I Do Then?\n\nThe truth is, no one knows where the bottom is. If anyone would be able to time the market with any reasonable consistency, they would be beyond insanely rich.\n\nIs all lost then and there is no hope? No, by all means, no! Dollar cost averaging, or a form of it, is the way to go. Start buying before you hit your target price and keep on buying after the price gets lower \n\n# But Will I Not Miss A Once In a Life Time Opportunity?\n\n\"I mean, c'mon, the price is so low the market needs to start turning soon!\" Stop. You are trying to time the market again. \n\nAs it stands, there should be no greater fear in a down market than running out of cash. So what if you don't spend all your fiat before the market turns? At least you have a much greater chance of spending the fiat that you spend really well!\n\nLook at it this way: would you rather spend 10 bucks poorly or spend 5 bucks well?\n\nAnd the key takeaway here is this - by being patient, by playing it slow, you might not 'get lucky' and make such a killing as you would if spent all your fiat at this one particular price point and you somehow miraculously ended timing the market perfectly.\n\nBut investing or anything in life should not be about luck. Via being patient you maximize your chances of doing well in the current bear market and any other bear market you might ever find yourself in!\n\nOnce again in the words of the great Warren Buffet:\n\n> The stock market is a device for transferring money from the impatient to the patient\n\n# Oh gee, now I know it all, but I am out of fiat - let me just put this one purchase on my credit card...\n\nSTOP. This is a recipe for disaster. So you have all your available fiat in crypto and we are deep into the bear market? Congrats - this means you have not sold and likely should not sell now because:\n\n1. who knows where the bottom is\n2. if you missed selling in the bull market chances are selling in the bear market might get you into a lot, a lot of trouble (say hello to buying high and selling low \n\nIf you believe the tide will turn and crypto will not disappear, holding might be the way to go. But above all, don't be stupid. Buying cryptocurrency with money you need to pay the bills or money you need to pay back is a recipe for a disaster beyond any of the epic, mindbending cluster#&^%s you can imagine (don't trust me? google 'going on tilt' as it relates to poker and imagine what this can do to you when messing with money you do not own).\n\n# Finishing Thoughts\n\nSo this is it, really. Above all stay safe and if you have fiat at your disposal enjoy this shopping season :) If not and if you decide to sell, do yourself a favor and don't buy in higher.\n\nAnd if you do decide to hold I think you might be onto something. Maybe cryptocurrencies and blockchain technologies will not disappear. And maybe there will be more waves and tides for us to ride down the road. Chances are that through the experience of surviving the current bear market we will come better prepared next time.\n\nAnd if you enjoyed this article, please give me a shout in the comments. I am only starting to blog and would appreciate the extra energy :)\n\nAlso, please stay tuned for more. I have a lot of ideas I would like to cover and on a related subject to that of this post I would like to write something more detailed on dollar cost averaging and maybe something on how to have fun, literally fun, in a bear market.\n\nUntil then, arivederci and all the best in your trades!\n\nPS. If you have any comments on my thought process and see ways in which the above can be improved or extended, if you would be so kind and share that would be super great and I will be forever grateful!",
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}2017/07/17 08:57:51
2017/07/17 08:57:51
| parent author | rad1 |
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| author | reabow |
| permlink | re-rad1-re-reabow-re-rad1-greetings-fellow-steemians-a-riddle-20170717t085751794z |
| title | |
| body | Ditto :-) |
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}jordanlindseysent 0.001 SBD to @rad1- "I invite you to watch this new video. Compounding interest and earning Bitcoin daily, https://goo.gl/2HLjuL"2017/07/17 02:38:03
jordanlindseysent 0.001 SBD to @rad1- "I invite you to watch this new video. Compounding interest and earning Bitcoin daily, https://goo.gl/2HLjuL"
2017/07/17 02:38:03
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| amount | 0.001 SBD |
| memo | I invite you to watch this new video. Compounding interest and earning Bitcoin daily, https://goo.gl/2HLjuL |
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}2017/07/16 23:12:42
2017/07/16 23:12:42
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| body | Interesting. I am new to Steemit and I want to write about web development, but I'm having a hard time doing it. I come from Medium where a lot of people read my posts, and here in Steemit I only receive a couple of views. I don't know what I'm missing. |
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"body": "Interesting. I am new to Steemit and I want to write about web development, but I'm having a hard time doing it. I come from Medium where a lot of people read my posts, and here in Steemit I only receive a couple of views. I don't know what I'm missing.",
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}2017/07/16 22:16:18
2017/07/16 22:16:18
| parent author | rad1 |
| parent permlink | rocking-the-downtrend-he-who-has-fiat-is-king |
| author | larksongbird |
| permlink | re-rad1-rocking-the-downtrend-he-who-has-fiat-is-king-20170716t221612470z |
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| body | Thanks for the advice, agreed it is very important not go all in, and to keep flexible |
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}proctologicupvoted (1.00%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king2017/07/16 22:05:21
proctologicupvoted (1.00%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king
2017/07/16 22:05:21
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}2017/07/16 21:50:18
2017/07/16 21:50:18
| parent author | rad1 |
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| author | ryn |
| permlink | re-rad1-rocking-the-downtrend-he-who-has-fiat-is-king-20170716t215017711z |
| title | |
| body | Very interesting info, thanks. |
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}pachenkoupvoted (100.00%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king2017/07/16 21:49:15
pachenkoupvoted (100.00%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king
2017/07/16 21:49:15
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}rynupvoted (100.00%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king2017/07/16 21:48:54
rynupvoted (100.00%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king
2017/07/16 21:48:54
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}kinimusic26replied to @rad1 / re-rad1-2017716t234138406z2017/07/16 21:41:39
kinimusic26replied to @rad1 / re-rad1-2017716t234138406z
2017/07/16 21:41:39
| parent author | rad1 |
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| author | kinimusic26 |
| permlink | re-rad1-2017716t234138406z |
| title | |
| body | Great Post and Work!!! Upvoted, Follow me and I Follow Back!! Regards!! |
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}kinimusic26upvoted (100.00%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king2017/07/16 21:41:27
kinimusic26upvoted (100.00%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king
2017/07/16 21:41:27
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}rad1upvoted (100.00%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king2017/07/16 21:41:18
rad1upvoted (100.00%) @rad1 / rocking-the-downtrend-he-who-has-fiat-is-king
2017/07/16 21:41:18
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}rad1updated options for rocking-the-downtrend-he-who-has-fiat-is-king2017/07/16 21:41:18
rad1updated options for rocking-the-downtrend-he-who-has-fiat-is-king
2017/07/16 21:41:18
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}rad1published a new post: rocking-the-downtrend-he-who-has-fiat-is-king2017/07/16 21:41:18
rad1published a new post: rocking-the-downtrend-he-who-has-fiat-is-king
2017/07/16 21:41:18
| parent author | |
| parent permlink | cryptocurrency |
| author | rad1 |
| permlink | rocking-the-downtrend-he-who-has-fiat-is-king |
| title | Rocking The Downtrend: He Who Has Fiat Is King |
| body |  I am planning on writing a longer post on how to take advantage of a bear market (similarly to the one I wrote [here](https://steemit.com/cryptocurrency/@rad1/cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies) on the fundamentals of cryptocurrency investing) but as the onslaught on the markets continues, I thought I'd share with you a quick observation that might be of help to you. # In a Bear Market, He Who Has Fiat Is King In a downtrend, fiat is the fuel that allows you to maneuver. You can use it for opening shorts and trying to ride the wave, though I would advise against it unless you have considerable time at your disposal to look at the charts and unless you already have had some exposure to the volatility of cryptomarkets. No, this is not what I would like to talk about here. What I would like to address is something way more fundamental than that - for the majority of folks like myself, who don't aspire to be traders but rather view ourselves as long term investors, we still need fiat to do what downtrend is best for, that is buying at a discounted price. # The Pitfall To be Avoided At All Cost "Oh wow, look at the price of my fav coin!!! OMG WTF BBQ no way it is so cheap! Once it hits XYZ I am buying!" Great :) Doing so is not all that bad and at least there is some semblance of strategy that gets executed here, but if you spend all your fiat in one go, that is clearly a no-no. In the words of Warren Buffet > The Market Can Remain Irrational Longer Than You Can Remain Solvent Part of what he means here is that even if your purchase was fully rational and 100% made sense, even if the price was a steal, by spending all your fiat you might be missing out on the opportunity to take advantage of the irrationality of the market down the road, of the potential for the price to drop even lower. Or even much lower than the lowest low that you can imagine in your wildest dreams. # What Should I Do Then? The truth is, no one knows where the bottom is. If anyone would be able to time the market with any reasonable consistency, they would be beyond insanely rich. Is all lost then and there is no hope? No, by all means, no! Dollar cost averaging, or a form of it, is the way to go. Start buying before you hit your target price and keep on buying after the price gets lower # But Will I Not Miss A Once In a Life Time Opportunity? "I mean, c'mon, the price is so low the market needs to start turning soon!" Stop. You are trying to time the market again. As it stands, there should be no greater fear in a down market than running out of cash. So what if you don't spend all your fiat before the market turns? At least you have a much greater chance of spending the fiat that you spend really well! Look at it this way: would you rather spend 10 bucks poorly or spend 5 bucks well? And the key takeaway here is this - by being patient, by playing it slow, you might not 'get lucky' and make such a killing as you would if spent all your fiat at this one particular price point and you somehow miraculously ended timing the market perfectly. But investing or anything in life should not be about luck. Via being patient you maximize your chances of doing well in the current bear market and any other bear market you might ever find yourself in! Once again in the words of the great Warren Buffet: > The stock market is a device for transferring money from the impatient to the patient # Oh gee, now I know it all, but I am out of fiat - let me just put this one purchase on my credit card... STOP. This is a recipe for disaster. So you have all your available fiat in crypto and we are deep into the bear market? Congrats - this means you have not sold and likely should not sell now because: 1. who knows where the bottom is 2. if you missed selling in the bull market chances are selling in the bear market might get you into a lot, a lot of trouble (say hello to buying high and selling low If you believe the tide will turn and crypto will not disappear, holding might be the way to go. But above all, don't be stupid. Buying cryptocurrency with money you need to pay the bills or money you need to pay back is a recipe for a disaster beyond any of the epic, mindbending cluster#&^%s you can imagine (don't trust me? google 'going on tilt' as it relates to poker and imagine what this can do to you when messing with money you do not own). # Finishing Thoughts So this is it, really. Above all stay safe and if you have fiat at your disposal enjoy this shopping season :) If not and if you decide to sell, do yourself a favor and don't buy in higher. And if you do decide to hold I think you might be onto something. Maybe cryptocurrencies and blockchain technologies will not disappear. And maybe there will be more waves and tides for us to ride down the road. Chances are that through the experience of surviving the current bear market we will come better prepared next time. And if you enjoyed this article, please give me a shout in the comments. I am only starting to blog and would appreciate the extra energy :) Also, please stay tuned for more. I have a lot of ideas I would like to cover and on a related subject to that of this post I would like to write something more detailed on dollar cost averaging and maybe something on how to have fun, literally fun, in a bear market. Until then, arivederci and all the best in your trades! PS. If you have any comments on my thought process and see ways in which the above can be improved or extended, if you would be so kind and share that would be super great and I will be forever grateful! |
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"body": "\n\nI am planning on writing a longer post on how to take advantage of a bear market (similarly to the one I wrote [here](https://steemit.com/cryptocurrency/@rad1/cryptocurrency-101-what-i-learned-from-my-30-days-of-investing-in-cryptocurrencies) on the fundamentals of cryptocurrency investing) but as the onslaught on the markets continues, I thought I'd share with you a quick observation that might be of help to you.\n\n# In a Bear Market, He Who Has Fiat Is King\n\nIn a downtrend, fiat is the fuel that allows you to maneuver. You can use it for opening shorts and trying to ride the wave, though I would advise against it unless you have considerable time at your disposal to look at the charts and unless you already have had some exposure to the volatility of cryptomarkets.\n\nNo, this is not what I would like to talk about here. What I would like to address is something way more fundamental than that - for the majority of folks like myself, who don't aspire to be traders but rather view ourselves as long term investors, we still need fiat to do what downtrend is best for, that is buying at a discounted price.\n\n# The Pitfall To be Avoided At All Cost\n\n\"Oh wow, look at the price of my fav coin!!! OMG WTF BBQ no way it is so cheap! Once it hits XYZ I am buying!\" Great :) Doing so is not all that bad and at least there is some semblance of strategy that gets executed here, but if you spend all your fiat in one go, that is clearly a no-no. \n\nIn the words of Warren Buffet\n> The Market Can Remain Irrational Longer Than You Can Remain Solvent\n\nPart of what he means here is that even if your purchase was fully rational and 100% made sense, even if the price was a steal, by spending all your fiat you might be missing out on the opportunity to take advantage of the irrationality of the market down the road, of the potential for the price to drop even lower. Or even much lower than the lowest low that you can imagine in your wildest dreams.\n\n# What Should I Do Then?\n\nThe truth is, no one knows where the bottom is. If anyone would be able to time the market with any reasonable consistency, they would be beyond insanely rich.\n\nIs all lost then and there is no hope? No, by all means, no! Dollar cost averaging, or a form of it, is the way to go. Start buying before you hit your target price and keep on buying after the price gets lower \n\n# But Will I Not Miss A Once In a Life Time Opportunity?\n\n\"I mean, c'mon, the price is so low the market needs to start turning soon!\" Stop. You are trying to time the market again. \n\nAs it stands, there should be no greater fear in a down market than running out of cash. So what if you don't spend all your fiat before the market turns? At least you have a much greater chance of spending the fiat that you spend really well!\n\nLook at it this way: would you rather spend 10 bucks poorly or spend 5 bucks well?\n\nAnd the key takeaway here is this - by being patient, by playing it slow, you might not 'get lucky' and make such a killing as you would if spent all your fiat at this one particular price point and you somehow miraculously ended timing the market perfectly.\n\nBut investing or anything in life should not be about luck. Via being patient you maximize your chances of doing well in the current bear market and any other bear market you might ever find yourself in!\n\nOnce again in the words of the great Warren Buffet:\n\n> The stock market is a device for transferring money from the impatient to the patient\n\n# Oh gee, now I know it all, but I am out of fiat - let me just put this one purchase on my credit card...\n\nSTOP. This is a recipe for disaster. So you have all your available fiat in crypto and we are deep into the bear market? Congrats - this means you have not sold and likely should not sell now because:\n\n1. who knows where the bottom is\n2. if you missed selling in the bull market chances are selling in the bear market might get you into a lot, a lot of trouble (say hello to buying high and selling low \n\nIf you believe the tide will turn and crypto will not disappear, holding might be the way to go. But above all, don't be stupid. Buying cryptocurrency with money you need to pay the bills or money you need to pay back is a recipe for a disaster beyond any of the epic, mindbending cluster#&^%s you can imagine (don't trust me? google 'going on tilt' as it relates to poker and imagine what this can do to you when messing with money you do not own).\n\n# Finishing Thoughts\n\nSo this is it, really. Above all stay safe and if you have fiat at your disposal enjoy this shopping season :) If not and if you decide to sell, do yourself a favor and don't buy in higher.\n\nAnd if you do decide to hold I think you might be onto something. Maybe cryptocurrencies and blockchain technologies will not disappear. And maybe there will be more waves and tides for us to ride down the road. Chances are that through the experience of surviving the current bear market we will come better prepared next time.\n\nAnd if you enjoyed this article, please give me a shout in the comments. I am only starting to blog and would appreciate the extra energy :)\n\nAlso, please stay tuned for more. I have a lot of ideas I would like to cover and on a related subject to that of this post I would like to write something more detailed on dollar cost averaging and maybe something on how to have fun, literally fun, in a bear market.\n\nUntil then, arivederci and all the best in your trades!\n\nPS. If you have any comments on my thought process and see ways in which the above can be improved or extended, if you would be so kind and share that would be super great and I will be forever grateful!",
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}2017/07/16 20:37:27
2017/07/16 20:37:27
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| body | Hi David! Thx for the greeting and for the wishes! Still quite curious about the community and eager to learn how Steemit works! Definitely looking forward to what lies ahead and hoping it will be a good time all around :) |
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