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