You can send me $90 too, feel free. Action is the trait of a real man. 
Sorry, the fundamentals are all wrong.
Topic: Is it foolish to wait for a correction? (Read 1527 times)
Sorry, the fundamentals are all wrong.
You can send me $90 too, feel free. Action is the trait of a real man.
see, one thing that makes a rich guy rich - no freebies
even 1 cent is too much if you didn't work for it. 90$ is nothing - if you spend it on a drink or a meal or a bitcoin or a whore, but giveaway? why would anyone, if it does not provide any satisfaction. 
Here's your correction.
...everyone around me was delusional, talking about $50-75/coin and no looking back.
In what time frame was that "delusional" $50-$75 a coin? I bet it wasn't over night or in a week, if you took the position over 1.8 years you would be up, and it would still be better than any other investment. Don't buy in if you don't know why. If you are after a quick buck folow the herd, it's just gambling.
You can send me $90 too, feel free. Action is the trait of a real man.
how come all bitcoin bears don't have any money? oh wait I know...
It's not too rich but it's not insignificant, as you seem to be suggesting. But I knew you wouldn't part with it so I didn't have to say much but that.
If $90 means nothing to you PM me and you can shoot me a BTC.
Yes. Because that's how investment works. You pay the broker your money and that's it. Goodbye money.
Personally, I don't think that BTC is going to crash but if it did, $90 would be pretty insignificant to most people for being wiped out. Though if that's too rich for your blood, perhaps buy 1/2 or less.
Besides, if you're living in a first-world country and that's too much for you, perhaps you shouldn't be thinking of investing anyway. Go flip some burgers and get some capital behind you.
If $90 means nothing to you PM me and you can shoot me a BTC.
Last I checked everyone around here was selling snake oil. You're pulling numbers out of your ass like "bullish at $1000" and there's absolutely no basis for the claim. But you're confusing, or even convincing, a lot of new blood to put skin in the game and get burned.
Burned for the cost of 1BTC? Skin in the game means someone is more likely to be paying attention. Roller-coasters look a whole lot different from the ground than when you're riding them.
I just don't like when people have the potential of being taken advantage of (i.e. the new money). I think I posted this somewhere already, but no I'm not mad nor was I scammed. I lost about 35-45% of my value in the last bubble before realizing everyone around me was delusional, talking about $50-75/coin and no looking back. I see the same thing happening now and I'm trying to be the voice of reason, to maybe keep a newbie from losing 35% of his value, or more. I've since doubled my initial investment (I bought back in around $18-25 I can't recall) and sold off at $72 because even at that point I felt it was overvalued and I had no intentions to be caught with my back turned to have it back at $40. Someone getting in now can get seriously burned is my point, but all I see is "there's no way but up, get in while you still can" talk. No degree of prudence whatsoever.
Last I checked everyone around here was selling snake oil. You're pulling numbers out of your ass like "bullish at $1000" and there's absolutely no basis for the claim. But you're confusing, or even convincing, a lot of new blood to put skin in the game and get burned.
I'm curious why you are so mad? Sell at under $10? Got scammed by Pirate last year? What?
Last I checked everyone around here was selling snake oil. You're pulling numbers out of your ass like "bullish at $1000" and there's absolutely no basis for the claim. But you're confusing, or even convincing, a lot of new blood to put skin in the game and get burned.
Wow really? $0 and $1500? Nice prediction.
I am not pedaling any snake oil, but I am bullish *edit* up from $2
I am selling the need to educate one's self on why Bitcoin, do that and we don't need to panic sell, knowing why and sticking to your guns is what is needed to get criptocurrencies adopted. .
Wow really? $0 and $1500? Nice prediction.
Just wondering.
Just get in even if it is just 1 BTC now.
Read a lot and wait for the right opportunity, after a year and a half you will know when it is the right time. I suspect the price may bee somewhere between $0 and $1500 or more.
wouldnt a "correction" suggest that there is 1 entity in control of how the market grows? what would make that any different from a fiat or a company's stock?
It depends on how probable you think each price range is, ultimately. I operate off a 35% chance of reaching >$10,000 in 2-5 years (10,000% gain), and a 60% chance of ~$0 in 2-5 years (100% loss), with a 5% chance of something else.
If you agree, the answer is very clear: YES, it is foolish to wait for a correction. (Because while the price is likely to fall, it is only half as likely to shoot up a metric fuckton.)
If you agree, the answer is very clear: YES, it is foolish to wait for a correction. (Because while the price is likely to fall, it is only half as likely to shoot up a metric fuckton.)
Dollar cost average.
Split money in 1/2.
Buy 1/2 now.
Buy 1/2 after correction.
If it dosent correct then at least you are 1/2 in!
If it corrects you can load up on the cheep coins!
Split money in 1/2.
Buy 1/2 now.
Buy 1/2 after correction.
If it dosent correct then at least you are 1/2 in!
If it corrects you can load up on the cheep coins!
Sounds like good advice. Definitely in it for the long run. Normal investing logic dictates there will be a correction after such a run-up but with bitcoin who knows what will happen.
Dollar cost average.
Split money in 1/2.
Buy 1/2 now.
Buy 1/2 after correction.
If it dosent correct then at least you are 1/2 in!
If it corrects you can load up on the cheep coins!
Split money in 1/2.
Buy 1/2 now.
Buy 1/2 after correction.
If it dosent correct then at least you are 1/2 in!
If it corrects you can load up on the cheep coins!
this, is sage advice, on any sell you may ever do as well.
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