a mongo frog
Well-Known Member
Or just do this!!!!
Dropped 100$ in doge
- Thread starter Nizza
- Start date
ComputerSaysNo
Well-Known Member
Only very few people were in "long ago", and even fewer hodled it.
I was "in" on BTC when Mt.Gox still existed; before the first "crash" that sent it back to $2. Did I buy back then? No. Would I have hodled past, say $100, if I had bought? Probably not.
Let's not fool ourselves.
Congrats to the lucky few who actually bought early on a whim, and actually didn't touch their assets.
Greed makes blind, and ponzi schemes would not work if people were ready to admit that they're going to be the ones left holding the bag. That's why muppets continue to pump in fresh money way longer than should be expected.
xtsho
Well-Known Member
I had over 100 bitcoin at one time. Who knew back then where it would be. I didn't hold it all but I held enough. I don't even want to think about what I sold off over the years. But I've been living good for years. I'd rather live and enjoy it than grow old and hold it.
ComputerSaysNo
Well-Known Member
And you should be content with that. For some people, there is no "enough". At least you use that word as if you mean it.
It does not make sense to consider it, at all. You did what you did, and if the BTC crash was already behind us, you might say instead "I was lucky I got out early, and didn't hold it all to the end".
But what you say is what I meant above. It's not enough to get in "early", one also has to be lucky enough to stay in. BTC is a purely speculative asset, the crash can come any time, and it could take it pretty close to zero. Staying in is really hard in such a case, unless money does not matter for you, and then, well... it doesn't matter.
It doesn't take that much to live good for years, or even forever. I would not even need a million to consider myself completely independent. A few hundred thousand, and you barely need a part-time job.
I think it's smart to take the proceeds now in something like BTC, and either "enjoy it", or save it for later in a way that is not as volatile.
People don’t want to trade, they want to get lucky. Good luck to them.
xtsho
Well-Known Member
"The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap. This kind of theft, commonly called a “rug pull” by crypto investors, happens when the creators of the crypto quickly cash out their coins for real money, draining the liquidity pool from the exchange."
gizmodo.com
Squid Game Cryptocurrency Scammers Make Off With $3.3 Million
The SQUID coin scam was covered uncritically by mainstream news outlets.
gizmodo.com
Eastownclan
Well-Known Member
It doesn’t help when bbc basically advertises to get rich quick off of it right before it collapsed."The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap. This kind of theft, commonly called a “rug pull” by crypto investors, happens when the creators of the crypto quickly cash out their coins for real money, draining the liquidity pool from the exchange."
Squid Game Cryptocurrency Scammers Make Off With $3.3 Million
The SQUID coin scam was covered uncritically by mainstream news outlets.
Just Be
Well-Known Member
Squid = Squ-id = Skewed; adjective - 1. distorted or biased; giving an unfair or misleading view of something: 2. deliberately slanted so as to conform to a specific concept or attitude, catering to the interests of a particular group, etc. (sometimes used in combination)
waterproof808
Well-Known Member
Nizza
Well-Known Member
good time to buy? xD
If I had significant funds into any coin right now I don't think I would keep it in. I'd take it out and put it into something conservative for 6 months and wait. Not like you can't buy back into it at any time. Biden saying America would defend Taiwan, and the whole tension with China has me concerned. In the long run it's obviously a winner. I've never been a gambler at heart. Other than gambling my freedom to grow weed when I was a kid, the dumbest kind of gambling.
waterproof808
Well-Known Member
When you see the largest bank in Australia enabling BTC purchases for its 6 million clients, Mayor of Miami wanting his next paycheck in BTC, and the President of El Salvador building 20 schools with profits from BTC....the writings on the wall. Mainstream adoption is closer than we think.
Crypto will be the currency of the metaverse.
ComputerSaysNo
Well-Known Member
It's not "theft" when muppets give you their money and you take it.
I also like how Gizmodo buys into the "investor" story.
waterproof808
Well-Known Member
+30% corrections are not uncommon. 2017 Bull Run Cycle
GanjaJack
Well-Known Member
As the old Warren Buffet saying goes... "Hope is never an investment strategy"....
Any stock under $20 that pays a dividend. Take the dividend and reinvest it. Investing should never be a gamble.
waterproof808
Well-Known Member
$Luna was the only top 100 that stayed green during the flash crash this weekend, moved up like 25% to a new ATH and now a top 10 coin by market cap. Almost 10x'd my investment on it. Also added some $matic during the dip.