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RE: Why I'm Buying Bitcoin Cash Again.
It's dropped to 0.06 BTC, I think that pricing is fine. I expect BCH to trade up to 0.10 BTC eventually, just like ETC often trades up into that range with ETH.
It's dropped to 0.06 BTC, I think that pricing is fine. I expect BCH to trade up to 0.10 BTC eventually, just like ETC often trades up into that range with ETH.
Maybe it falls to 0.006 I'll take it.I hope I've learned my lessons. With Stratis Bought at twice the price of the ICO didn't hold long enough and sold 90% of it at $0.5, with Bitcoin bought at $400 sold most of it at $800, same with Ethereum, bought at $20 sold at $20 after the DAO incident "plummeted" the prices and recovered my money.
Now retracing on my mistakes I learned what to do. Always try to find the bullshit in experts, buy when is early, Always be buying a little, buy a lot when it dips, diversify and hold. If it dies it dies. Either a zero or a one.
It's hard @ertwro, traditional investing wisdom gets thrown out in crypto. I bought my ETH back at $8 when I had previously owned 1,300 at 80 cents a pop. I sold at 80 cents a pop when I brilliantly learned ETH inflation was 30% a year so it was certain to tank! LOL. Bought my 9 million NEM coin because it was solid way before it was popular, then it dropped 50% and I thought I was an idiot so I sold. NEM would have made me a millionaire... but it probably would not have because the traditional wisdom is "sell on the way up". This works in the stock world because stocks might rally 300% or something. They go up some, but they never go up 10,000% or 100,000%. Selling on the way up works in the stock world, makes you look dumb in crypto. Then there are the cryptos that do the 5,000% spike but never recover, and you are left holding the bag if you do not sell those.
LOL 9 million NEM is a lot of NEM. Oh, man. Hindsight is not merciful but is better safe than sorry. I almost bit more than I could chew last month.
It's kind of funny we feel dumb for not being millionaires when this space has outperformed almost everything else in the world. Today I was sad I didn't invest more in OMG. But in all seriousness, I have not lost a single dime. I recovered my initial fiat investment in May.
50% seems like nothing nowadays. I helped my brother integrate a payment system with Bitcoin in his Gym. On July 16th he came to see me pale, worried Bitcoin had fallen like 30% and I was like: