Do you buy cryptocurrency when it's at a high, like now?
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the fact you can carry your wealth around the world with zero obstacles (in extreme case by just memorizing couple of words) gives incredible peace of mind
and it's also the only thing you can literally take to your grave with you 😀
and it's also the only thing you can literally take to your grave with you 😀
>> I'm not arguing this logic. I'm just uncomfortable (Bitcoin =unchartered waters) with putting such a high price on a non-producing asset.
That's why I thing ETH will have more growth % future. People can use ETH for a lot of things, smart contracts and so on. Also it's more quick. And just imagine, growth from 4k to 8k (x2) imo much more easier than growth from 70k to 140k (x2). And yes, it's hard actually to understand how just note in the blockchain can cost even 70k. About ETH and other some kind of Crypto it's okay - you can do a lot︀ of things with them, like I told. And for example you can stake ETH and︁ do more ETH with this. But you can't stake BTC.
Many other cryptocurrencies look much︂ more useful than Bitcoin. And the cost gap between them is huge. Compare 4k and︃ 70k. This is too much money... Again, I do not argue that Bitcoin can rise︄ to a million. It's just somehow illogical. Well, in any case, the logic of the︅ growth from 4k to 8k in the near future looks somehow more interesting.
That's why I thing ETH will have more growth % future. People can use ETH for a lot of things, smart contracts and so on. Also it's more quick. And just imagine, growth from 4k to 8k (x2) imo much more easier than growth from 70k to 140k (x2). And yes, it's hard actually to understand how just note in the blockchain can cost even 70k. About ETH and other some kind of Crypto it's okay - you can do a lot︀ of things with them, like I told. And for example you can stake ETH and︁ do more ETH with this. But you can't stake BTC.
Many other cryptocurrencies look much︂ more useful than Bitcoin. And the cost gap between them is huge. Compare 4k and︃ 70k. This is too much money... Again, I do not argue that Bitcoin can rise︄ to a million. It's just somehow illogical. Well, in any case, the logic of the︅ growth from 4k to 8k in the near future looks somehow more interesting.
so much nonsense in just a few words - be careful and︇ learn before you do anything and get hurt
Before telling others that their message is nonsense, I will remind you that a couple of messages above you wrote that Bitcoin should be bought at any price. which is no less dubious a statement than Dreamy's message. Because in fact, buying Bitcoin 'at any price', during the euphoria and fomo, ruined most cryptocurrency investors in previous years.
sorry, I really don't know how to constructively respond to a statement like this
or
or
it has been a winning strategy so far and only those with paper hands got burned
or
or
it has been a winning strategy so far and only those with paper hands got burned
if you consider only the maximum/current price factor, then there is no difference with the words Dreamy either. Both assets: ETH and BTC are close to their ATH at the moment and historically long enough holding leads to profit. The real reasons for such growth are a different and debatable question, but with a high degree of probability, they will continue to grow together, or fall, too, together.
the strongest currencies yield the least. The worst/weakest currencies yield the most.
Nah. Youd be better off with dogecoin applying your logic.
No, it︊ did not ruin anyone if they really keep it down to DCA. And every single︋ person doing constant DCA since 2017 would sit on massive wins.
But most chicken out︌ when a thing drops 50% and stop doing DCA or even sell at the lows.︍
Thats how markets work, theres no charity and no mercy. Your convictions will get tested︎ and without any form of long term thesis, convictions will get lost easily in the️ day to day emotional rollercoaster.
Nah. Youd be better off with dogecoin applying your logic.
No, it︊ did not ruin anyone if they really keep it down to DCA. And every single︋ person doing constant DCA since 2017 would sit on massive wins.
But most chicken out︌ when a thing drops 50% and stop doing DCA or even sell at the lows.︍
Thats how markets work, theres no charity and no mercy. Your convictions will get tested︎ and without any form of long term thesis, convictions will get lost easily in the️ day to day emotional rollercoaster.
Not invest, but I use it just for gambling-like purposes especially when Im bored.
Imo no altcoin (including eth) can be used for investing, due to them having semi-hidden insider cronies, being centralized while no disclosure mechanisms nor rules protect buyers against insider dealing and pump/dump activities.
I only invest in bitcoin from the digital asset space, bc its the only one there which has sound fundamentals and no alt-coiner like insider cronies.
Imo no altcoin (including eth) can be used for investing, due to them having semi-hidden insider cronies, being centralized while no disclosure mechanisms nor rules protect buyers against insider dealing and pump/dump activities.
I only invest in bitcoin from the digital asset space, bc its the only one there which has sound fundamentals and no alt-coiner like insider cronies.
and instead of watching how the crypto portfolio fell in price︀ by 50-70-80%, at the beginning I suggested entering the crypto, at least at the levels︁ of rollback, correction, dump. but you are telling me about some mythical people who must︂ follow DCA when reducing their portfolio by 2-3 times. If there are at least 5%︃ of people on earth who can do such DCA, that’s already cool. but most are︄ doomed to lose if their entry is bad. they are afraid and sell at the︅ bottom, fear is normal and all people are afraid. The example of people on this︆ forum is another confirmation of this.
And people who start DCA in 2018 in profit︇ now only because entry price was quite good, they didn't saw great reduction of their︈ portfolio.
And people who start DCA in 2018 in profit︇ now only because entry price was quite good, they didn't saw great reduction of their︈ portfolio.
How is this lost on you? 🙄
How?
Right now, with your grocery, healthcare, and pension money, I am willing to buy BTC at €1M/coin! I won't even blink! Why should I?
H3LL! I'm even willing to buy it at €1 trillion/coin with YOUR money! No sweat off my *ss!
If it goes higher WE win!
If it goes down, YOU lose!
Enjoy your retirement!
Seriously, how do you NOT︀ comprehend these dynamics? 🙄
How?
Right now, with your grocery, healthcare, and pension money, I am willing to buy BTC at €1M/coin! I won't even blink! Why should I?
H3LL! I'm even willing to buy it at €1 trillion/coin with YOUR money! No sweat off my *ss!
If it goes higher WE win!
If it goes down, YOU lose!
Enjoy your retirement!
Seriously, how do you NOT︀ comprehend these dynamics? 🙄
Yes, I agree, but most of us are NOT a fund nor own a fund!
I don't want to pay for the owner of the funds to spend it on hookers and Champagne.
I want to spend MY money on FITNESS hookers & Champagne. smi(&%
Unlike the funds, I don't want their money or the pensioners'.
I see it makes perfect sense for the funds to buy BTC at ANY price. It's NOT their money. They win either way. They are the house.
I already have enough BTCs to last a few lifetimes. Why risk the excess when I no︀ longer understand the price? 🙄
PS. I also NO longer buy BRKA at its current price.︁ 😉
I don't want to pay for the owner of the funds to spend it on hookers and Champagne.
I want to spend MY money on FITNESS hookers & Champagne. smi(&%
Unlike the funds, I don't want their money or the pensioners'.
I see it makes perfect sense for the funds to buy BTC at ANY price. It's NOT their money. They win either way. They are the house.
I already have enough BTCs to last a few lifetimes. Why risk the excess when I no︀ longer understand the price? 🙄
PS. I also NO longer buy BRKA at its current price.︁ 😉
the more AUM the higher the fees. This is achieved by further debasement or ideally inflows.
So theres a strong lobby for further devaluing the fiat "manure" coins to borrow Johnnys term.
So theres a strong lobby for further devaluing the fiat "manure" coins to borrow Johnnys term.
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