So True Man... So True.
6 years ago in #bitcoin by investingtips (3)
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So True Man... So True.
So you've made mistakes? So what! We've all been there.
As a stock market analyst I've had my fair share of mistakes and losses but I never gave up !
For 25 years I've been at it and 15 at a loss, the last 5(Investing in gold stocks) have returned and average of 500% after tax.
I've only been in cryptos a year, have made significant profits in LTC 700% and XRP 600% and Currently holding BTS 30%.
The hardest thing i found to overcome was mindset. You will recover and learn from your mistakes and be all the better for it. Good Luck.
Thank you man I appreciate your kind words but crypto will never recover like the stocks did. Believe me I am not bothered about making mistakes... I don't even care about the money I lost because I never put in much of my overall wealth.
Overcoming mental errors is 100% the hardest for investing in real stuff like stocks and gold and silver, etc. But the idiots in this market HODL regardless of how bad the future looks... what kind of investing strategy is that? It is sheer ignorance! FUD is a coping mechanism for people against real issues that are threatening their crypto buying decision. Cryptocurrency market is the worst cult I have ever seen... price can drop like a fly from 20k to 8k and people say it is normal LOL!
Price is only even as high as 8k because manipulation and fraud is still rampant and what happens then when the regulations hit? The price doesn't get artificially inflated anymore and the bubble finally bursts like it should have already! I just hope people haven't invested all of their money or even worse went into to debt to buy this scammy shit!
Fair comment but let me correct you. The stock market is not real stuff, neither is the fiat dollar, derivatives or rehypothecated paper gold and silver. Physical gold and silver is real money and commodity, moreover, nothing is safe from govt not even your dollars in the bank. Have you heard of the bail in laws? The currency Act? Absolutely Nothing!
The secret is not to be fore or against, it is to learn to ride the situation whether cryptos or equities like a cork does a wave.
I never said it was easy. You have passion(another word for anger:-) Use it wisely :-) cheers
Very true but the fiat dollar is backed by the people in power, crypto won't ever be backed by the people in power because it would transfer wealth away from them and they can't control the money supply anymore, that is my main point overall.
Its worrying that this post has been hidden due to low ratings just because it expresses a point of view which is at odds with the majority on here.
It suggests that people just want to reside in their echo chambers and not hear about any negatives, which is never a good thing.
I want to hear all opinions, good, bad or indifferent so that I can make informed choices.
I've come to cryptos using money I would have used in sports arbitrage or back/lay sports betting, in other words my gambling pot, even with some sort of system in place it's all still a gamble. If people follow at least one golden rule (which is repeated a lot on the web) and only trade/gamble with money that they can afford to lose and have some fun with it then there is no problem. I mean I could spend a fortune on a number of stupid things if I wanted maybe golf or drugs or hookers but I don't have the inclination to do any of that so I'll have some fun with cryptos instead but you can be sure I won't be leaving my job and if it all goes wrong I will still be able to pay the mortgage and have food on my table.
Theres this thing called common sense and as long as it is applied correctly then no major problem should occur.
And another thing, I'm happy enough without a Lambo now so I'm sure that I can be in the future too!
Cryptos can and will crash really bad imo, but to rise stronger than before. Period.
BTC down to 5k$, up to 15k$, then down to 1k$. This last dip will be the real BTFD point.
By december BTC will be 25-50k$. Why ? just because after crashing it will stabilize, having less volatility and cheaper tx costs or even no costs at all with any kind of new hard fork, IT WILL BE ADOPTED, primarly by Amazon, then by the rest of online shops.
And it will rise badly. What is funny is that the reason that will make Amazon adopt it (low volatility) will induce the highest volatility and rise ever seen in a any kind of market, even at the time of the tulip mania. It will of course then correct but will never go under 25k$ again. 100k$ by the end of 2019, and I'm conservative on that.
Upvoted you anyway, even if I think that you do not really understand the technology behind BTC : blockchain and its successor : hashgraph. Tech is the game changer.
Fully agree, but at the moment bitcoin is the foremost horse out there, if you want to get money, from money and I will ride is as long as possible.
Take a look at the alternatives:
Here in Switzerland (don't know other countries bank fees, think its near the same) i have three options as "normal worker" (in the sense of <50000k money saved) at the moment:
Let the money on the bank and after a year I have less than at the beginning, because my bank fees eat up the zero zero one interest...
Get into stocks and hope to get some good ones, can choose lesser risky, but then I get lesser gains, most of the time.
Have to pay admin fees too. With a lot of luck, I get round about 5% gain end of the year
Ride the Bitcoin and some alt coin horses. High risk (really higher then stocks? I don't know), and a high chance of gains +50% end of year.
Yes, I think its a bubble and yes I think it will burst sometimes, but until then, there is no alternative for me to get this easy gains on a legal way.
Crucial point is, to get out before it's too late.
Fair enough man, good points. The chance of +50% gains by end of year is subjective though because you think there is a high chance and I think there is a very low chance. But in the end if it goes up 50% you are right, and if it doesn't I will be... just need to wait and see my man!
lmao! sounds like some frustration in there :)
lol yeah I am frustrated that people are going to lose all their life savings to an obvious scam bro I never put much money into this at all, so this post doesn't gain me anything. If people want to listen and save their money they can... if not become broke fuck it I tried!
" The government will shut this shit down. " Lol cryptos are meant for anti govt , financial freedom no middlemen . Govt fiat is the worst shit ever , it's value has been keep on decreasing every year .
" Bitcoin handles 7 transactions per second and VISA handles 50,000+ transactions per second. " Just wait a few years dude , be patience . There are new coins launching increasing scalability .
"Bitcoin is a store of value, bro!" Yes it is , who told you to buy at 20k Lol . People bought it at $5,50,$5k it has always crashed and always bounced back to a new all time high . check the charts .
Do you trust govt with your money or peer mto peer networks ? It's up to us to decide and some of us have accepted cryptos as our currency . Good luck with your FUD , you should go back to 4chan .