How To Buy The Bottom
INTRO VOLUME IS LOW!
Why is it hard to buy the bottom?
THIS IS NOT FINANCIAL ADVICE; THIS IS MY JOURNEY. YOU ARE RESPONSIBLE FOR YOUR MONEY.
Watch at 1.25x speed for a better viewing pleasure!
Selling the top but missing the bottom was a buddy of mines biggest regret; hodling he would be a lot richer.
Have to be unemotional,
always check what you know, hard to be right.
The bottom is filled with catchers = easier to buy.
When the market reverses your buys raise the price much quicker.
When the seller's exhaust, it takes very little demand to raise a price quickly.
New paradigm shift:
People thought Amazon would fail because it didnt has a big warehouse and lots of assets.
People thought Facebook would fail because of no revenue model/history/assets.
People thought Fortnite would fail because it was free to play and no one was going to spend money on virtual clothes in a game.
People think crypto will fail because they are not backed by equity in a centralized company. Crypto will fail because there is no CEO. (decentralized cryptos)
Things like Steem/EOS will be stripped for every piece of resource that can be sold on a secondary market.
Too many think things should be free because they believe they have always gotten them for free. If its free you are the product being sold. IE nothing is free.
Nation states don't dictate what currency is. Bitcoin proves this is going from pennies to 20k per coin in ten years. Nation states will continue to make their own "tax crypto" because that is all it will be used for. However, when the nation states realize their tax crypto is worthless and no other nation-state will accept it, and decentralized cryptos are rising in value and accepted everywhere, it will be straightforward for the switch to flip and they start to take decentralized cryptos for taxes; once this happens, it is GG fiat tokens.
Voter Proxy Coming Soon.
I encourage all Steemians to use the following tools to reduce the size of videos/images:
I use https://handbrake.fr/ to shrink the size of my videos. (it's free)
I use https://compressjpeg.com/ to shrink the size of my thumbnails. (it's free)