Respectfully disagreeing with Leo about Crypto

[OBEler]

I am all in in Bitcoin since last year.My wisest decision I made 

I invested in Bitcoin since 2016 and it was always painful to invest as a beginner investor. There was one day where I lost everything. Nowadays I am more confident. All in is so simple and is the best solution to get the most out of it. It is the only asset in the world with the best risk value ratio so why not invest in it. I believe in this technology and there is a pattern in the cycle.   All in in ethereum is also an option. Just be aware of the 80% correction and hold hold hold until you get your million. That's not gambling that's good solid longterm investment and people reading this and are laughing cannot grasp this once in a lifetime chance. They think Bitcoin is still like 10 years ago where it just was used for buying drugs. 

 

 

Edited March 11 by OBEler

[UnbornTao]

Speaking of astrology, I received $20 in an esoteric cryptocurrency three years ago. I opened my wallet yesterday for the first time since then, which goes to show my level of interest in crypto, and to my surprise, it had grown to $300. It was sheer beginner's luck.

So, my best investment advice is to have no idea what you're doing. 

Edited March 12 by UnbornTao

[Dodo]

11 minutes ago, UnbornTao said:

Speaking of astrology, got 20 or 40 dollars worth of an esoteric cryptocurrency for free three years ago.

Opened my wallet yesterday (after three years, which goes to show my level of interest) and to my surprise it had 300$. No idea what I did, but hey, now I have some spare money for books.

So, my investment advice: have no idea what you're doing, which you likely already do to some extent.

Absolutely buy and forget is the best. A long long time ago i bought ethereum at 75dollars after a bullish dream i had. In May 2017 or so i forget exactly. It was the best time to buy, if i never touched it, i wouldnt know the first thing about trading, but would be a legendary investor.

Buy and forget hehe

 

[Dodo]

32 minutes ago, OBEler said:

I am all in in Bitcoin since last year.My wisest decision I made 

I invested in Bitcoin since 2016 and it was always painful to invest as a beginner investor. There was one day where I lost everything. Nowadays I am more confident. All in is so simple and is the best solution to get the most out of it. It is the only asset in the world with the best risk value ratio so why not invest in it. I believe in this technology and there is a pattern in the cycle.   All in in ethereum is also an option. Just be aware of the 80% correction and hold hold hold until you get your million. That's not gambling that's good solid longterm investment and people reading this and are laughing cannot grasp this once in a lifetime chance. They think Bitcoin is still like 10 years ago where it just was used for buying drugs. 

 

 

If you look at xrpbtc / xrpeth charts you might find its actually a great time to be in xrp, if you believe in it, because its right now at all time lows against them, meaning if its not a flop, it should outperform them in the coming run, if we continue up.

[Leo Gura]

25 minutes ago, Dodo said:

Absolutely buy and forget is the best.

This is foolish. Buy and forget will often leave you with nothing.

[Dodo]

28 minutes ago, Leo Gura said:

This is foolish. Buy and forget will often leave you with nothing.

Thats how pros invest right? Buy and hold for years. All im saying sometimes if you look, the price movements can force you to make a mistake. 

Rather people should invest what they can afford to lose and already consider the money lost - that way no emotion. 

Eth went from 75$ to 420$ then started dropping i sold it at 350$ then it went to 1.4k or what was it, the first big high and then it dropped back to 100$ from there. These big drops can make anyone do a mistake. 

Buy and forget is a great strategy, because you say you dont care what happens in the short term. I thought thats what you are doing too. 

[UnbornTao]

@Dodo To be clear, I was being sarcastic. I don't know what I'm talking about.

Edited March 12 by UnbornTao

[Leo Gura]

1 hour ago, Dodo said:

Thats how pros invest right?

No. Pros spend a lot of time doing research about market news.

[AerisVahnEphelia]

gamble on being fun at parties

 how fucking annoying those crypto retards are, like cancers, no one want to hang out with those guys, litteral brain parasite

Edited March 12 by AerisVahnEphelia

[Dodo]

5 hours ago, Leo Gura said:

No. Pros spend a lot of time doing research about market news.

Technicals better than fundamentals. 

If chart says great buy and news say sell, i know which one to listen to and which one is manipulating leveraged traders

[Leo Gura]

8 minutes ago, Dodo said:

Technicals better than fundamentals. 

If chart says great buy and news say sell, i know which one to listen to and which one is manipulating leveraged traders

No chart can ever tell you to buy.

Your chart means nothing if the company has no future.

Edited March 12 by Leo Gura

[Dodo]

31 minutes ago, Leo Gura said:

No chart can ever tell you to buy.

Your chart means nothing if the company has no future.

"Technical traders watch the price charts and take trades depending on trends, chart patterns, and mathematical indicators. In contrast, news traders only depend on the signals that will be generated in the market when a trigger event occurs"

Thats a google excerpt.

I already posted to you very meaningful charts that made a lot of gains so far, with 0 attention on news or anything other than charts. You can deny the potency of technicals, but the evidence of it working is right there on my previous replies to you which include image. Maybe you skimmed over.

Same technical tells me to look for possible top at 100k-105k range, if that level holds, i am definitely hedging my bet the other way. 

Edited March 12 by Dodo

[Leo Gura]

@Dodo As I said, astrology for men.

[Bobby_2021]

9 hours ago, Leo Gura said:

This is foolish. Buy and forget will often leave you with nothing.

Leo, on a long enough time scale the market will grow and your portfolio with it.

You could not put your effort into something else and generate even more money instead of doing market research. 

Buy and forget is a relatively good strategy for normal people.

Even hedge funds who have trained professionals who do market research full time cannot beat the s&p500 over a decade. So what research is the normal people going to do in such a limited time? 

[Dodo]

Dropped a new chart on Tradingview, my initial measurement appears short sighted,  this is the logarithmic chart target, 159k.

Then we might experience another bear cycle , but as you can see they usually make it hard to sell even then, by returning to the high and asking the question, least what they did last time. 

[Leo Gura]

2 hours ago, Bobby_2021 said:

Leo, on a long enough time scale the market will grow and your portfolio with it.

You could not put your effort into something else and generate even more money instead of doing market research. 

Buy and forget is a relatively good strategy for normal people.

Even hedge funds who have trained professionals who do market research full time cannot beat the s&p500 over a decade. So what research is the normal people going to do in such a limited time? 

Depends on what you are buying. An ETF, okay, sure. But I was speaking about individual stocks or things.

If you just want to doing long term ETF investing I got no issue with that. That is not gambling.

Edited March 12 by Leo Gura

[Razard86]

On 11/22/2023 at 6:08 PM, Leo Gura said:

The key is not to fool yourself into thinking that you know what these coins will do in the future. Much of crypto investment is based on self-deception. The deception that you know what is gonna happen in the future. The truth is that you do not know, no one knows, and you are just guessing. You could guess right but most likely you will guess wrong.

I see many crypto people decieve themselves that they are doing something more than guessing. That is what makes this so dangerous and unsound as an investment. With crypto you are engaging in wild speculation but you rationalize it to yourself as something more than that.

This can be said with all predictions for the most part. Speculation is always like this, but speculation, analysis is how humans have survived and gotten this far. Through trial and error. The trials with awareness lowers the margin of error.

[Bobby_2021]

3 hours ago, Leo Gura said:

But I was speaking about individual stocks or things.

It's reasonable to assume that stocks also rise over time. You can diversify the portfolio to override any crash of individual stocks.

If you go on researching on this stuff, it will drive you nuts. Researching should not take more than a week. 

Not only are there too many variables to comprehend, but most of those variables will cancel each other over a decade.

So buy and forget does apply to stocks as well. 

[FourCrossedWands]

One day, this house of cards will collapse and all bitcoin millionaires will realise they own thin air.

Once everyone will try to sell their Bitcoin at the exact same time, only a few guys that are fast enough will profit. Others will not even get their initial investment back.

[Dodo]

3 hours ago, FourCrossedWands said:

One day, this house of cards will collapse and all bitcoin millionaires will realise they own thin air.

Once everyone will try to sell their Bitcoin at the exact same time, only a few guys that are fast enough will profit. Others will not even get their initial investment back.

thats for everything, including stocks and gold. You better hope not.  

Crypto is the email to gold's mail. I dont get why many have a problem with technology. Too old? 

Edited March 12 by Dodo