Damn you crypto

[levijean]

I doubled a small investment in crypto last year. I ended up pulling my cash out about 6 months ago after the market was dead. But now there are signs of life again I have FOMO...sonovabitch.

 

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[404profound]

CENTS - C - E - N = TS

 

[jpmartin]

I doubled a small investment in crypto last year. I ended up pulling my cash out about 6 months ago after the market was dead. But now there are signs of life again I have FOMO...sonovabitch.

Here, this will help you. And if that doesn't this will.

I speak from experience, and if that doesn't satisfy you - then I have the results!

 

[GPM]

You are just gambling. And when the crypto market drops again are you going to be thanking your lucky stars that had you gotten out? Or will you buy at the top and then sell at the bottom and be saying the same thing over again?

 

[jpmartin]

You are just gambling. And when the crypto market drops again are you going to be thanking your lucky stars that had you gotten out? Or will you buy at the top and then sell at the bottom and be saying the same thing over again?

Speculation is fine. If you know how to do it. Otherwise, yes... it is gambling.

 

[levijean]

Yes it is pure speculation and I know how to trade. When I pulled my money out I assumed it would be a very long time before they did anything interesting again. I still think the chances of them all going to $0 at some point is probably 50/50.

 

[jpmartin]

Yes it is pure speculation and I know how to trade.

We all know how to trade. But what's important? Being right or making profit?

I still think the chances of them all going to $0 at some point is probably 50/50.

If you think it is going to zero, why not short it? You can do that using futures.

 

[Pedro Henrique]

In crypto you have to invest just the money you wont use for a time, I made 40% of profit these day after the bitcoin has gone up, but my money is in since last year

 

[James Fend]

Yes it is pure speculation and I know how to trade. When I pulled my money out I assumed it would be a very long time before they did anything interesting again. I still think the chances of them all going to $0 at some point is probably 50/50.

Good traders know a) You don't ever really "miss" a trade, there will always be another one right around the corner.. and b) Know to contradict their emotions (if feeling FOMO, then it's likely the price moves will only have temporary staying power).

With that said; imo, you are not missing anything. This last surge is doing exactly what it's suppose to do (and is doing) is knocking out the last ounce of "greed" in the current pool of retail traders trying to "time the bottom and catch the early bull". Once the distribution happens, it won't be pretty, and it will be the final knock out punch for retail traders.

This leaves only one type.. the investor; because they can buy & hold in a range which requires great discipline and patience. That is what a "bottom" looks like, and the bottom from a psychology standpoint hasn't happened.

 

[Fox]

Until you have massive cash flow you should only be investing in one thing - yourself.

 

[Maxboost]

View: https://www.youtube.com/watch?v=lmQpbO2tfgI&t


Speculators are suckers. Crypto Gurus need a greater fool, don't be a fool...

 

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[Isaac Oh]

Guys I don't think @levijean is looking for advice or anything lol... just ranting

 

[Duck]

Trading and speculating on Bitcoin and other cryptocurrencies should be avoided at all cost. Getting to know the underlying technology in the field and making a financial decision based on that is another thing. But whatever you do, do it long-term and with things you understand.

 

[B. Cole]

Yay only 10,000,000% to get back where we were, but with a bunch of additional regulation and millions of burnt, extremely skeptical people that will likely (smartly) steer very clear of crypto trading.

 

[GlobalWealth]

I rather enjoy the extreme negative sentiment here.

When you guys all turn positive let me know.

I'll place my sell orders.

Sent from my VTR-L29 using Tapatalk

 

[Maxboost]

Trading and speculating on Bitcoin and other cryptocurrencies should be avoided at all cost. Getting to know the underlying technology in the field and making a financial decision based on that is another thing. But whatever you do, do it long-term and with things you understand.

Bulldog mindset I linked above showed that this is still a very stupid idea as there are better things to do with your money and time. Crypto is a get rich quick scheme by crypto gurus.

 

[Seniorpreneur]

Bulldog mindset I linked above showed that this is still a very stupid idea as there are better things to do with your money and time. Crypto is a get rich quick scheme by crypto gurus.

Did you lose any money trading Bitcoin or any other crypto's? I traded only on the big upside in 2018? Then at the peak price of $20M US I left only $25 US in my Bitcoin account at the end of 2018. Today that small amount is worth $175 US. And I didn't lose any of the trades i made in 2018. I'm happy!

 

[Roli]

I rather enjoy the extreme negative sentiment here.

When you guys all turn positive let me know.

I'll place my sell orders.

Sent from my VTR-L29 using Tapatalk

:-D :-D My Exactly what I thought when I joined in 2015, it took 'em a while, they'll be back!

How's Estonia going?

 

[ShepardHumphries]

My interest in speculating in crypto is philosophic, not as a short-game in trading. Having read The Creature From Jekyll Island, observing central banks, precious metals etc, crypto seems smart to me. If you are in it for the money, a mainstream option like XRP, if you want your value to increase when central banks (and the governments they control) make crypto illegal; something like XMR.

This video offers one man's global perspective, and I think it is worth pondering.

View: https://www.youtube.com/watch?v=l1si5ZWLgy0&t=789s

 

[CryptoMobster]

Did you lose any money trading Bitcoin or any other crypto's? I traded only on the big upside in 2018? Then at the peak price of $20M US I left only $25 US in my Bitcoin account at the end of 2018. Today that small amount is worth $175 US. And I didn't lose any of the trades i made in 2018. I'm happy!

That is really good work to say you lost 0 trades

 

[GlobalWealth]

:-D :-D My Exactly what I thought when I joined in 2015, it took 'em a while, they'll be back!

How's Estonia going?

Sorry, just saw this. I'm not on the forum very often.

I was too busy making money in crypto.....

But short answer, the mine is going great. We literally earn cash multiple times every single day.

We compound our returns by building nodes.

I will reiterate my earlier sentiment though. When all of you that are so negative on crypto turn bullish, please let me know so I can place my sell orders.

 

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[GlobalWealth]

My interest in speculating in crypto is philosophic, not as a short-game in trading. Having read The Creature From Jekyll Island, observing central banks, precious metals etc, crypto seems smart to me. If you are in it for the money, a mainstream option like XRP, if you want your value to increase when central banks (and the governments they control) make crypto illegal; something like XMR.

This video offers one man's global perspective, and I think it is worth pondering.

View: https://www.youtube.com/watch?v=l1si5ZWLgy0&t=789s

Agreed. Crypto is without a doubt the future of money.

I predict having a bank account in 10 years will be a novelty.

 

[nordien1978]

Don't be him he bought the TOP in February 2020.
When he was against BTC and after read the BTC standard - timestamp 2:23.

View: https://www.youtube.com/watch?v=u9mVTiSIu7c

 

[nordien1978]

Bulldog mindset I linked above showed that this is still a very stupid idea as there are better things to do with your money and time. Crypto is a get rich quick scheme by crypto gurus.

Dont be Him he bought the TOP in February 2020.
When he was against Crypto and after read the BTC standard - Timestamp 2:23.

View: https://www.youtube.com/watch?v=u9mVTiSIu7c

 

[kelvinfernandezm]

I got caught up in the crypto hype because I had coins from 2010 that I sold in 2015. Than I saw them rise to $20k a coin an I thought it would go to 100k a coin.

But ultimately I stopped with the insanity. I still have coins and I will continue to invest in crypto because I like the technology and the philosophy of what the blockchain is.

But if I were you I would not invest any more money in it specially with this pandemic real or not it's going to bring a lot of changes in the upcoming years.

How long have you been trading and what style of trading do you do?