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RE: LBRY Coin: The Library of WEALTH is FREE!! DOES A COOL 300% PROFIT SOUND GOOD TO YOU? Target $3.58
Just a friendly note: 300% does indeed sound good at first, but one should also take note of the time frame. This isn't a knock against you or haejin, but I'm pretty sure I could fall asleep on my keyboard, buy 5 random coins and wake up with 300% gain by 2019 - which is where haejin's target is at.
If anything, you could almost read this as a DO NOT BUY warning if you're interested in higher returns. Honestly, I appreciate these posts as much as the ones I feel are 'good investments' because it let's me know what coins I'd rather steer clear of.
What you mean by "Do not buy warning"?
Only that I'm interested in higher risk/reward coins atm. If haejin's analysis and my own line up in saying there's about a 3x potential in the time frame of around a year, based on my personal goals I'll look to coins other than LBRY for the time being that are potentially more rewarding in a shorter time span.
I'm only interested in picking from the top 150 coins or so. That number is small enough that eliminating the "wrong" ones (for me, based on my goals) can be as useful to me as choosing the "right" ones.
Put much more simply, 300% in 12 months is 25% per month. If I can find a coin that I believe will go up faster than 25% in a month, I'd rather put my money there.
Haejin did not mention a time frame but I assume you are looking at his chart and presuming he is saying it will take until 2019 for this to occur. That's not how this works and you would know that if you had been listening to him more carefully. Expect this current target hit within weeks or months not years.
I am a new follower. Reading his tutorials and order the book. st the moment still confused on what the X axis shows. I get it does not line up to time. I think someone said each block equals a day, but not sure if that’s is right. how does one interpret theX axis? Thank you
If haejin predicts that coin X is going to go up 300% in the next month vs coin Y is going to go up 300% in the next year, I'm going to go with coin X.
I don't get mad if X takes 2 months and Y only takes 6 months. None of this is 100% accurate. I'm going with, as haejin would say, the probabilities. If you think the X axis on all his charts is 100% arbitrary... well then good luck to you, but I'm gonna stick with my view for now.
TA is not reliable for discerning a timeframe, so he is eyeballing it with that target. With how crazy the market has been, I would not be surprised if it reached it within a week or two. You can see this with spreadcoin -- his projection had it rising in april 2018, but it's already a 5x.