Make your vote, Bitcoin will hit 18K now?
- Thread starter SoNewToAllShit
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There are coins out there that are going to outperform Bitcoin in terms of percentage gains. What is easier to do 1000x a coin at $94k or a coin at $0.0003?
I can't imagine many people who buy Bitcoin today will be able to retire their families or create generational wealth due to its price increases.
Whether you should partake in finding these lottery coins or put your cash into any of them is up to you though. No crying in the casino.
I can't imagine many people who buy Bitcoin today will be able to retire their families or create generational wealth due to its price increases.
Whether you should partake in finding these lottery coins or put your cash into any of them is up to you though. No crying in the casino.
no offense man but what a nonsense...
absolutely... just one minor problem to mention - you have to somehow magically know when to exit - which is not only possible (except getting lucky and then feeling like a king of traders) and also you have to exit somewhere, lol
on the contrary - the︁ price of bitcoin in USD has no ceiling - it's fair to note that what︂ is not guaranteed is whether bitcoin will survive, yet this risk is getting lower every︃ day and is basically negligible in terms of the upside it brings
absolutely... just one minor problem to mention - you have to somehow magically know when to exit - which is not only possible (except getting lucky and then feeling like a king of traders) and also you have to exit somewhere, lol
on the contrary - the︁ price of bitcoin in USD has no ceiling - it's fair to note that what︂ is not guaranteed is whether bitcoin will survive, yet this risk is getting lower every︃ day and is basically negligible in terms of the upside it brings
Guys how about just a mix of both i.e BTC as core of portfolio and more speculative sub 1 cent coins with a low max supply for the 200x returns. You need a lot of luck to get such returns on sub 1 cent coins as there are plenty of good projects out there that go nowhere and plenty of sh1tcoins that do very well 😕.
In the end if your in the crypto space then diversification still applies like it does in the stock market
In the end if your in the crypto space then diversification still applies like it does in the stock market
considering your mindset is still based in USD then you would be right IF this investment and diversification strategy would have been based in having an edge against︀ other market participant - this is not only difficult but extremely rare and most "investors"︁ will get what they deserve
I will borrow Warren's catchy words... the fetish of investing︂ is a rat poison and desperate last resort how to escape a certain financial death︃ - unfortunately for most people it's a net negative idea, they feed financial "experts" and︄ institutions, bring discomfort and fear to their lives, undergo huge counter party risk, waste time︅ they could use more productively using their primary skills and develop businesses, ... all that︆ for returns that hardly ever beat the official inflation, not mentioning the real one
bitcoin is not an investment, it doesn't require any expertise, consultants, time, counter party risk etc.︇ - it's an ultimate asset for conservation of capital - which is something we all︈ are actually looking for and only tiny fraction of the population should invest as their︉ primary occupation or hobby of its kind
I will borrow Warren's catchy words... the fetish of investing︂ is a rat poison and desperate last resort how to escape a certain financial death︃ - unfortunately for most people it's a net negative idea, they feed financial "experts" and︄ institutions, bring discomfort and fear to their lives, undergo huge counter party risk, waste time︅ they could use more productively using their primary skills and develop businesses, ... all that︆ for returns that hardly ever beat the official inflation, not mentioning the real one
bitcoin is not an investment, it doesn't require any expertise, consultants, time, counter party risk etc.︇ - it's an ultimate asset for conservation of capital - which is something we all︈ are actually looking for and only tiny fraction of the population should invest as their︉ primary occupation or hobby of its kind
Actually it does not. Diversification works in casino, in cases you are guessing.
Engineeers do not diversify, they do not built 20 bridges randomly so that most traffic will get to the other side.
In case you KNOW / UNDERSTAND, there is no need for diversification.
Engineeers do not diversify, they do not built 20 bridges randomly so that most traffic will get to the other side.
In case you KNOW / UNDERSTAND, there is no need for diversification.
You can deeply understand something but still not predict nor control the future.
All that matters is your own conviction, either backed by extensive research and learning or just true intuition.
Diversification is inversely proportional to the degree of conviction.
All that matters is your own conviction, either backed by extensive research and learning or just true intuition.
Diversification is inversely proportional to the degree of conviction.
Conviction is subjective and has limits.
You can not bend a spoon with conviction.
Earth does not revolve around sun, apple does not fall to ground, two plus two does not equal four because of conviction.
There is objective reality besides it.
If conviction and objective reality conflict, guess what wins? 😉
P.S. not saying that conviction is totally useless, it just is not by far the only thing that matters.
You can not bend a spoon with conviction.
Earth does not revolve around sun, apple does not fall to ground, two plus two does not equal four because of conviction.
There is objective reality besides it.
If conviction and objective reality conflict, guess what wins? 😉
P.S. not saying that conviction is totally useless, it just is not by far the only thing that matters.
that's waaay off topic and has nothing to do with what you responded to but think about where this objective reality in your objective reality resides and how easy it is to turn this objective reality into bit different reality that feels as real as the original one 😀
How did you come to this conclusion...lol? I stopped reading what you said after this point as a false premise was made and you know me better than that when it comes to my feelings about anything USD....lol.
Ok I︀ see the low level of discussion we are having here and will politely excuse myself︁ from this thread as not to offend you
😕.
Ok I︀ see the low level of discussion we are having here and will politely excuse myself︁ from this thread as not to offend you
😕.
come on, don't be that touchy... I apologize, it's just my clumsy phrasing as a non-native English speaker... let me rephrase it to "considering ONE'S/INVESTOR'S mindset is still based in USD" - then you could hopefully keep reading as I'm keen to get your or anyone's feedback
Ok I will read your statement in full now smi(&%.
I guess if you self custody your BTC you can avoid counterparty risk. Being the︂ ultimate asset for conservation of capital I doubt that very much due to volatility and︃ potential technology risks etc. Yes capital preservation is critical for me personally but everybody has︄ their own risk appetite which may not lead them to BTC but more traditional asset︅ classes. In some years from now this may all change and I see that things︆ are evolving fast in the BTC space which is a good thing. In short the︇ jury is out for me although I hold a more favourble view on BTC as︈ time goes on than I did 10 years ago which is not a bad thing.︉
P.S Today has been a good day for BTC price its way above the price︊ giving in thread subject line 😉
I guess if you self custody your BTC you can avoid counterparty risk. Being the︂ ultimate asset for conservation of capital I doubt that very much due to volatility and︃ potential technology risks etc. Yes capital preservation is critical for me personally but everybody has︄ their own risk appetite which may not lead them to BTC but more traditional asset︅ classes. In some years from now this may all change and I see that things︆ are evolving fast in the BTC space which is a good thing. In short the︇ jury is out for me although I hold a more favourble view on BTC as︈ time goes on than I did 10 years ago which is not a bad thing.︉
P.S Today has been a good day for BTC price its way above the price︊ giving in thread subject line 😉
But this also applies to Bitcoin, remember it's been down 95% on multiple occasions...
I like BTC, and you should hold it. But the other coins are going to outperform it in % gains over the shorter term.
If you bought in 2017, how︃ much are you up in % terms? At 100k a coin, not many people are︄ going to be able to purchase enough for it to create massive wealth for them.︅ Whereas a coin that does 10,000x, can do. Hex, for example, did a 10,000x.
Yup, that's basically what I was recommending. If you are going for the lottery︌ mindset, then there are going to be coins that do 1000x. No cyring in the︍ casino when it goes wrong
I like BTC, and you should hold it. But the other coins are going to outperform it in % gains over the shorter term.
If you bought in 2017, how︃ much are you up in % terms? At 100k a coin, not many people are︄ going to be able to purchase enough for it to create massive wealth for them.︅ Whereas a coin that does 10,000x, can do. Hex, for example, did a 10,000x.
Yup, that's basically what I was recommending. If you are going for the lottery︌ mindset, then there are going to be coins that do 1000x. No cyring in the︍ casino when it goes wrong
We may be back to this thread in some years when 1 BTC could be 550k and then claim 100k was a bargain 😕.
guys, do you want to join my side bet club? 😀
jokes aside... are you seriously considering a possibility that BTC will never reach 500k in USD? if so, that's insane, it can easily happen within a year, zero doubt in 10 years, can't you see what's going on in front of our eyes?
jokes aside... are you seriously considering a possibility that BTC will never reach 500k in USD? if so, that's insane, it can easily happen within a year, zero doubt in 10 years, can't you see what's going on in front of our eyes?
BTC will fail in the end when its purpose for bankers has passed
"Sathosi" holding 5%+ in his account has a clear purpose or is anyone here so naiv beliving BlackRock and Co would open ETF's not knowing which single "person" is holding nearly 10% (since big chunk of bitcoin are lost forever) and could dump the price anything to nirvana
"Sathosi" holding 5%+ in his account has a clear purpose or is anyone here so naiv beliving BlackRock and Co would open ETF's not knowing which single "person" is holding nearly 10% (since big chunk of bitcoin are lost forever) and could dump the price anything to nirvana
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