Topic: Crypto hype and how to be ahead (Read 1013 times)

I think to be safe; invest on what you can afford to lose. Rather than selling a house and invest in crypto, you can easily commit suicide.

I do not understand why people invest money in ripple, it does not have decent technology due to which she could hold such a position

If want to save your crypto funds by investing in potcoin I think you are high  (joke)

Well, as I see nobody knows what to do if bitcoin bubble pop right now. That is sad. Dont wanna be pesissimistic but we all will see great fall of cryto in near few years

invest in potcoin. Wait 6 months. Get your lambo. The end.

Bitcoin will bubble and pop, but not for at least another 2-3 years. You're not in a bubble when tons of mainstream analysts are saying, "bubble". lol. You're in a bubble when tons of mainstream analysts are saying, "the sky's the limit".

Lots of people still think cryptocurrency is a scam, or don't understand it at all. Now's still a great time to invest.

The answer to everything = whales.

They are always going to do whatever they want with the price, there is nothing new with this.

Are you going to tell me that you have never seen the whales trying to bring down / up a price in just matter of minutes just like it happened today?

But a BIG, BIG whale pumped the price today, by more than $1500 in just a few minutes.

......and XEM! I can't believe that coin like Ripple now is second after grandpa...but hype is hype it's just like hysteria

nice post, man I wait STRAT 50-100 this year (hope end of Q1)

Best thing to do is just hold and but at dips. FOMO is a horrible thing. Also never have a stop loss. It is not really a loss until you sell. Crypto is unpredictable but if you invest in good teams with a future you'll be ahead of the game.

I agree, especially nowadays, a lot shicoins. People naively buy them because they see as they grow very quickly, but they don't think about what they just as quickly fall

Everything is going up. Normally there has been a long correction after bump like this. I think Bitcoin is the only thing that could cause it, but its hard to say where it will go now. Maybe whales will drive it up temporarily to shake away alts from weak hands.

I think its best to stay away from shitcoins even if they have huge volatility. Once correction comes they are the first to be dumped to zero. There is high risk your money will get stuck into them for long periods of time.

Money now flows alot into cheap penny coins , New investors dont know anything about suppy/total marketcap , they just follow the hype
I think sooner of later they gonna realize about it , and money will pour back to good fundamentals coins like Stratis , Omisego , waves , Eth .....
They have to learn price over 10$ doesnt mean its expensive ...

right now there is alot of kids and newbies flocking into crypto, many from Asia

on CCN there was an article basically saying what I have said also: these kids prefer a $2 coin over a $20000 coin, they do not understand supply, centralization, or usefulness

if I was a teen, I would prefer a $2 XRP over a $20k bitcoin too, because it feels much better to own 10 coins than 0.001

Result: coins with large circulation, benefit most.

HOWEVER....after awhile, institutional investors, smart money, and the crypto community will do the sorting, shitcoins will drop, kids get burned...and money flows into the blue chips. Like BTC, LTC, ETH.

And a few more innovative newcomers of course. It is very hard to tell what these will be. Right now people try frantically to find these, buy spending money on Cardano, Stellar, Iota and many others that have no acceptance and are very immature.

Generally I would be careful with all coins that have gone up 50-100 times in a few weeks...

You also need time and huge amount of faith.

Now there is Crypto hype, I try to make money on this and do not think that it will be ahead. I doubt that someone can calculate now what will happen in the future with crypto currencies.

But that is done by the very few people only because most of the small earner will not be able to hold the bitcoin or concern cryoto currency for long time. They would go with selling whenever they are indeed of money.
If you bitcoin and ethereum you please hold these coin alone because compare with the other crypto currencies these coon growth many time done in the price chart so best option for the investors.

From my experience and from examples of my friends I realized that hodl a cryptocurrency is more profitable than to sell it, but you need nerves of steel

Regarding the OP:

This is a major concern of mine, too.

A major way to shield one's self against a bubble is to avoid buying during a mania (normally a sudden spike in price that's the result of a lot of people trying to get in on a "sure thing") and instead buy sometime after a panic (a sudden drop in price that's the result of everyone trying to dump their assets because that "sure thing" wasn't so sure, after all). However, there's more to it than that. Diversification also helps. Not just diversification of one's cryptocurrency portfolio, but also other assets (having some percentage of your portfolio in precious metals, perhaps just enough real estate to live on, maybe even a gun or, Hell, some stocks, to name a few examples).

In addition, try to pick coins to invest in that will likely survive a bursting bubble and government regulation of the marketplace (both things are coming, mark my words). Privacy coins are the most likely to survive, and even thrive, under government regulation, so I'd diversify into (or even exclusively own) privacy coins (Monero and SpectreCoin are two good ones that I know of; Monero more from reputation than anything). However, there are other coins that I think could do well, too, some that aren't privacy coins (though those coins would likely only do well in places that didn't experience a government crackdown). Bitcoin Cash and Litecoin, for example; they're both "better" at being used as currency than Bitcoin Core is right now, largely because of transaction times and transaction fees, which means they have some good staying power relative to Bitcoin Coin over long term.

The main thing, though, is to not do what "everyone else" is doing. Whenever "everyone else" does something it almost always ends up hurting "everyone else" to the benefit of those who decided to be individuals and not follow the collective. That is, did you sell during a mania (huge price spike because everyone wanted a "sure thing")? Well, you're going to do really well after that price spike corrects thanks to a panic selloff (at which point you'll be there to buy their product at less than what you sold it for to "everyone else"). Try to avoid "catching a falling knife", too; you're guaranteed to get cut, even if it's just a little bit.

As I mentioned earlier, you share a major concern that I have in regards to this bubble (which I don't think has actually burst yet, we're just experiencing a minor correction right now, not a bubble bursting). I hope we can protect ourselves from that bursting bubble when it comes. Best of luck, man. :-)

Sure, waiting for a new high record of BTC.

getting it while it is cheap, and also, find the one with a bright future... that's the hardest part... you don't wanna put your money for a long term investment in trash coins ~

The only way in my opinion to be ahead is to be an early adopter. Just look at those investors that are still holding bags of bitcoin like the Twinklevoss twins that are a billionaire now. The edge is getting it cheap while you can.