Respectfully disagreeing with Leo about Crypto

[Stovo]

@Butters It's only down 10% or so since then, wouldn't worry about it. As long as you're not over leveraged and you don't need to sell for 5-10 years then it doesn't matter.

42 minutes ago, Butters said:

I hate this, literally bought bitcoin last week

[Leo Gura]

1 hour ago, Butters said:

How do you know when is which? 

You know the all-time high of Bitcoin is 70k. So don't buy near that. Do not buy anything at all-time highs.

Edited August 8 by Leo Gura

[OBEler]

We are not over. Dont invest in altcoins right now. If it goes down again you will see altcoins get destroyed 

[FourCrossedWands]

8 hours ago, Leo Gura said:

You know the all-time high of Bitcoin is 70k. So don't buy near that. Do not buy anything at all-time highs.

What about gold? It has been at all time high multiple times and still going up?

What about food, clothes, cars, houses?

Literally everything is at all time high and still going up...

But, yeah... With crypto you never know when it crashes by 80%.

[Leo Gura]

Buying gold right now is risky.

Everything is due for a correction. The markets have gotten too feverish. That kind of line-go-up cannot continue for long.

Edited August 8 by Leo Gura

[FourCrossedWands]

8 minutes ago, Leo Gura said:

Buying gold right now is risky.

Everything is due for a correction. The markets have gotten too feverish.

Didn't you say it's good to buy gold about a month ago? Things don't change that fast in the precious metals market.

It's usually 10+ years bull market.

Might even be 20 years this time.

Edited August 8 by FourCrossedWands

[FourCrossedWands]

Also, don't forget that there will be many new team sports added to the next Olympic gemes and they will need about 100+ more gold medals. Will surely drive the price of gold up 😁

[Leo Gura]

1 hour ago, FourCrossedWands said:

Didn't you say it's good to buy gold about a month ago?

I said it was good in the long term. That doesn't mean it's not locally overpriced. If the market crashes gold will also take a hit. Not a huge hit, but still worth caution.

Edited August 9 by Leo Gura

[BlessedLion]

Made a little bank on the recent crash, sold at 60, bought back in around 55, now its 62. I don't usually try to play the market but this time it worked out and i made a little more coins

[FourCrossedWands]

7 hours ago, BlessedLion said:

Made a little bank on the recent crash, sold at 60, bought back in around 55, now its 62. I don't usually try to play the market but this time it worked out and i made a little more coins

Maybe you should make a YT video about "conscious gambling". I think a lot of people here would be interested 😁

[Verdesbird]

What defines the line betwen gamble and investing? Its all relative

[OBEler]

On 29.7.2024 at 9:52 PM, OBEler said:

Oh let's see if trump wins what Bitcoin will be. 

Are you completely out of crypto?You will miss the whole bullrun

My post aged well.

[ted73104]

Let's see if Trump really goes through with the Bitcoin strategic reserve. If many countries do the same, Bitcoin will replace gold.

[FourCrossedWands]

7 hours ago, ted73104 said:

Let's see if Trump really goes through with the Bitcoin strategic reserve. If many countries do the same, Bitcoin will replace gold.

Keep dreaming lol

[FourCrossedWands]

10 minutes ago, FourCrossedWands said:

Keep dreaming lol

Also, why would ever China, Russia, and India pump the same token as the USA, do you really think they are so stupid?

[josemar]

On 13/11/2024 at 3:57 PM, FourCrossedWands said:

Also, why would ever China, Russia, and India pump the same token as the USA, do you really think they are so stupid?

It's kinda obvious... Because no one government controls bitcoin. can you say the same about any other asset?

[Leo Gura]

A crypto crash is def coming, so watch your asses.

Don't think that all this hype will stay around forever. The crypto grifters are griftin hard.

Edited November 15 by Leo Gura

[Daniel Balan]

@Leo Gura I never even comprehended investing money in crypto, if I have money I am very conservative with it. I keep it hidden in my house, rather than giving it to someone else. Why? Because my understanding of humans is this: All the people are devils, and the devil wants to fool me into giving him my money. I will never trust another human in my life when it comes to money. Everyone is here just to take my money away from me. Unless I sense good-heartedness from someone, I WILL NOT do business with them.

[OBEler]

7 hours ago, Leo Gura said:

A crypto crash is def coming, so watch your asses.

Don't think that all this hype will stay around forever. The crypto grifters are griftin hard.

It's not just hype.

It's just the cycle which plays out over and over every 4 years. 

And of course there is crypto crash coming, 80%. But that also happens ever 4 years AFTER the bull run.

You are like these nocoiners back 2016 who tell serious crypto investors that it's all hype and it will crash. Sounds smart but you will not become rich with this mindset.

Edited November 15 by OBEler

[OBEler]

4 hours ago, Daniel Balan said:

@Leo Gura I never even comprehended investing money in crypto, if I have money I am very conservative with it. I keep it hidden in my house, rather than giving it to someone else. Why? Because my understanding of humans is this: All the people are devils, and the devil wants to fool me into giving him my money. I will never trust another human in my life when it comes to money. Everyone is here just to take my money away from me. Unless I sense good-heartedness from someone, I WILL NOT do business with them.

Even if you keep all your money hidden outside the evil world, your money will be taken away because it loses value over time. Inflation steals your money so to speeak. That's 100% guarantee.

Please inform yourself about Crypto. It's decentralized. There is no human in power who has control over it.