4460 upvotes, 20 direct replies (showing 20)
View submission: Don't invest recklessly
This is the type of stuff about bitcoin that I want to read. Smart guy, great post.
Comment by [deleted] at 30/11/2017 at 02:30 UTC*
990 upvotes, 12 direct replies
[deleted]
Comment by fbthowaway at 30/11/2017 at 06:22 UTC
132 upvotes, 14 direct replies
Yeeep. Can't help to think back to what my Grandma told me on her deathbed: "There's no use tippin' up on tall flavors based on a Sears catalog. So we can't 'will a win' on a standard mix from a feeble sac."
Comment by oscarjrs at 30/11/2017 at 16:03 UTC
9 upvotes, 1 direct replies
Good post, except for the part about all alt coins being useless. Some of them are actually worth looking into.
Comment by MarkCuban2020 at 02/12/2017 at 18:36 UTC
2 upvotes, 0 direct replies
This post was pretty spot in except for the part that fiat currency will have to be very undermined/useless and the current regime has completely fallen apart when BTC reaches 100k-250k. That wont be until like 500k+
Comment by coinbaseisslow at 05/12/2017 at 21:17 UTC
2 upvotes, 0 direct replies
On the contrary, I'm acting as irresponsible as humanly possible with my Bitcoin money. The starting capital is already withdrawn, so I'm riding this lottery ticket as far as I can.
Comment by AcceptsEther at 30/11/2017 at 12:55 UTC
1 upvotes, 0 direct replies
Yeah this sub just stepped it up a notch. Pragmatic advice.
Comment by Garandhero at 01/12/2017 at 13:05 UTC
1 upvotes, 0 direct replies
I mean one of core points is Buy Low sell High... He wrote it as if you're supposed to be able to time or know which direction the market is heading. It's ridiculous advice buying at an all-time high with something like Bitcoin is totally acceptable especially if you believe in the underlying concept of Bitcoin and believe it will go up long term.
Comment by 3rdiJedi at 01/12/2017 at 19:35 UTC
1 upvotes, 0 direct replies
http://www.jamspreader.com/wp-content/uploads/2013/03/ShutUpAndTakeMyMoney.jpg
Comment by RebootTheServer at 07/12/2017 at 03:08 UTC
1 upvotes, 0 direct replies
Fuck that, I am liquidating my 401k
Comment by estoxzero at 07/12/2017 at 16:41 UTC
1 upvotes, 0 direct replies
aaaaaand there you go 16k
Comment by BullShinkles at 07/12/2017 at 18:36 UTC*
1 upvotes, 1 direct replies
It's basic investment advice, but it neglects to mention a few key facts, so its not that brilliant. He left out some very key details, such as the reason for BTC's valuation and why anyone shouldn't be that 'skittish' yet -
My previous post on the matter: "As most ALT-Coins are traded back into ETH/BTC/LTC, these few coins are amongst the safest Crypto Currency holdings. You want to convert you ALT-Coins back into Fiat? The road starts with one of these 3.
The original poster neglects to mention this. Especially BTC/ETH, they are the Key in the KeyPair relationship with all other Crytpo Currencies."
As others have predicted, BTC will grow past the $100,000 per coin range, I suspect this will become reality for various reasons, but mainly because there is A LOT of new money coming into the market. As the rise of the ALT-Coins continues, so will the price in BTC under the current KeyPair relationship and Fiat conversion for profit taking.
All of these factors Cement BTC/ETH's role as the KingPins of all KeyPairs, they are the Master Currencies. This will continue to be the case until the exchanges allow other Crypto's to be traded into Fiat, etc...
Since the exchanges themselves have massive interests in BTC, LTC and ETH, don't expect this to change anytime soon.
Yes, they will have there ups and downs, but expect the upward trend as money continues to poor into the market.
Comment by Project_Ho2018 at 08/12/2017 at 07:36 UTC
1 upvotes, 0 direct replies
Yup he nailed it and I'm going to try the 50/50 percentage asset allocation now.
Comment by therabbitasawhole at 19/12/2017 at 22:13 UTC
1 upvotes, 0 direct replies
Strategic management is needed, mr Litecoin.
You can do better, sir .
Comment by djscollin4 at 20/12/2017 at 21:28 UTC
1 upvotes, 0 direct replies
Makes a lot of sense, It shows you just need to look at things from a wider angel.
Comment by ManOfWorgen at 26/12/2017 at 02:46 UTC
1 upvotes, 0 direct replies
How is this guy smart for telling people to not just buy bitcoin? I’m confused, because all he said was be smart and don’t just listen to what everyone else says.
Comment by [deleted] at 03/01/2018 at 06:30 UTC
1 upvotes, 0 direct replies
Agreed
Comment by AgentWhisky at 03/01/2018 at 18:59 UTC
1 upvotes, 0 direct replies
You’re absolutely right! This stuff is gold!
Comment by turtleneck360 at 30/11/2017 at 17:23 UTC
1 upvotes, 0 direct replies
I initially came to this subreddit for quality posts with quality opinions. But this subreddit is 95% memes. Comes off as super immature and reinforces the idea that only young, inexperienced people believe in bitcoin. Not the greatest impression when the goal is much more serious.
Comment by jaumenuez at 30/11/2017 at 04:29 UTC
-15 upvotes, 5 direct replies
No. It's exactly the type of advice coming from a trader that sees Bitcoin just as a black box money maker. This is a new technology, an amazing protocol that will change the way we do our savings and interact with value. It's not a buy/sell commodity you can analyze with the same tools, curves and charts to predict how it's "price" is going to evolve like a regular stock out there. If you trade, you are gaming with those who know your cards and can front run the market, and you will lose money. If you buy bitcoins, you should spend bitcoins, and while you wait for retailers to accept it, you will see a deflationary effect on it's value due to increased demand. That's all you have to do.
edit: so sad to see this is theymos
Comment by DoctorPresidentSir at 30/11/2017 at 03:27 UTC
-23 upvotes, 2 direct replies
I stopped reading after "roulette"; can I get a tldr on the good stuff?
