i bought a bit a couple months ago had no idea its gone up since then i might sell.
i did really well with bit coin in like 2012-2014 but havne't really trusted it since i got fucked over by mt gox.
when should i sell i have like 500 mbtc rn
Do not put any money in to markets right now
We have been bulling for a while now you don’t buy the bull
so shouldn't i sell then?
That’s for you to decide I got out of the crypto game ever since I saw massive shot coins like paying for torrenting go to 2 dollars from 20 cents then back down to 5 cents
Make money by getting people addicted
The fact of the matter is is that normies are asking about bitcoin again so the top might be soon
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If you're trying to make easy money then I agree with everything you're saying. You're literally playing at the casino.
Buy and hold is the best strategy long term, buy during downturns. BTC is still below ath and people are still feeling the burn from the hype of last year so I think altho the price has gone up a bit its still got room for growth.
I stopped trading years ago, the liquidity is too thin, and it causes a lot of stress esp w how unregulated the markets are for market makers/movers.
As I mentioned, if you're interested in the tech and optimistic for the future then buy in with a small amt and don't get greedy, don't get fomo'd, don't leverage and don't trade unless you're a pro.
Just throw cash in like you're buying SPY and walk away
just go throw your money in the stock market if you’re going to do this. Crypto currency is for balls to the wall Hail Mary trades on as much leverage as possible
similar to WSB style options trading
you could spend about a hundred hours learning poker and taking your $1000 to Hollywood Park to play the 1/2 game there and get a more consistent ROI
I'm not sure what the appeal of crypto is for high risk gambling vs the normal derivatives market?
Is 10000:1 leverage in a natural gas contract not enough for you?
The shit coins have 0 regulation compared to aged markets so most investing is done through word of mouth or individual trust ironically.
You saw a lot of people getting burned by scammy icos running off with the money. Ico was literally just a way for shit companies run by scum bags to ipo without sec oversight.
because it’s all high risk gambling no matter how you do it
referring to crypto
are you going to invest your retirement in a crypto mutual fund? I mean there might be some people out there who are so far gone in the memes that they believe it’s a valid option but for the rest of us who use our brains we realize that crypto is just highly volatile day trading at best or roulette spinning gambling with shitcoins featuring the latest pump and dump scheme at worst
dont believe the hype, it’s a bubble market, it’s still in a bubble, nobody knows when it will crash but it will and you need to have a short term exit plan when you’re putting money in crypto’s