I don't think it's petty.

1) posts like yours do more harm to the overall population than good. Do you realize how many guys have lost all of their savings not being educated, but reading posts like yours bragging (for your friend or anyone) about a 10k return on a 10k stock. They begin to think that's smart or normal and chase that, which leads to significantly worse results for them on average. Yes I'm frustrated but only because of the harm posts like yours do.

2) They aren't wrong because they aren't "doing what I'm doing", they're wrong factually and statistically according to history and methods that other people devised. It isn't about me, but someone picking certain stocks themselves hoping for something like a 10k return on a 10k investment short term is much more likely to lose their ass than someone who researched things on a real investing forum like the one I said. It has nothing to do with them not "doing what I do" - it's that they're literally doing the wrong thing and it willmost likelyhurt them. Not always, but most likely.

Nobody knows where it will go but I am genuine with this warning lol. I'm super happy for those who made money but GUYS this roller coaster is going WAY too high.. I'm just worried for the few posters here who are over-invested, got a little excited, and don't know enough but deserve to do well. To them, my $0.02 is take your W and walk.

Has OP posted a screenshot of his actual gain/loss% this year from his traditional investment portfolio?

No?

Okay, moving on

Welcome to every stock ever.

It's not about me why would I do that? This is overall strategy that professionals agree on and has nothing to do with me personally.

But if you're really curious I could, I made 23% in the last 12 months from index funds and over $70,000 in the last 12 months pure interest from it.



Blatantly false.. that's not even remotely "every stock ever" - most stocks are closely correlated to market performance of that business, future predictions and profits that they return. Entirely different from speculation, which is what bitcoin is. Just completely blatantly false statement.

Could it rise another $10k before it pops? sure.. could it pop tomorrow? yes...

Big money selling off affects price. Every stock.

Just because companies have balance sheets and profit loss statements does not mean that the market is entirely predicated on what the big-time investors may or may not want to do. You're an idiot to think otherwise.

You're correct, when big holders drop a stock, it affects the overall price.

But that's a completely different statement than the one the other guy made about Bitcoin that you quoted saying "welcome to every stock ever".

It might. It might also hit $100k before popping though. I think at least a more immediate correction is incoming though.

It's literally just dependent on what value the populous as a shared collective ascribes onto it. I lean towards it rising as long as it's exposed to more and more of the population - right now futures just released, soon ETFs/funds may give it exposure to retirement and endowment markets.

I don't think the bubble is over just yet, assuming it's a bubble. But again, that's just my opinion.

Big money selling off affects price. Every stock.

He said the majority coin holders can affect the price.

No chit... the big money majority shareholders can affect any stock they want to, too.

And when the hype is over and people come to their senses or the economy goes south they will sell off their bitcoin and it will crash.

Serious question, what do you value bitcoin at and how did you determine that value?

Could be true. For someone like you who I know is kicking ass financially, it's OK to gamble.

What worries me is the guys in here who don't really understand finances, putting way too much of their portfolio in bitcoin not understanding what reality is. Tons in this thread already lol.

It definitely could go way up. That being said, I've been alive for a few bubbles and even the other bubbles in their prime didn't have IG memes floating around and your grandma and uncle wanting to get in on it. It seems verrrrrry saturated with people who know nothing about it right now.

I can agree with that; I saw guys talking about withdrawing 401k, generating credit card debt and taking loans out to invest in other threads which is absurd. Whatever I invested, I can easily afford to lose.

I still hold BTC and will never sell them. Most my BTC predictions have been right. Look at all my post history:

https://forum.obnoxiousbrutes.com/showt...post1484415481

Its just happening a lot faster than i predicted. BTC is going to 100k.

Why do you think everything needs a supporting value?

The market dictates it.

How much do you value cigarettes? The price you can buy them at the gas station.

What does an inmate value cigarettes? He'll probably let some guy **** him for one.

Some time in 2017 you said that bitcoin would be 10k within 5 years. Since we've already gone way past that, don't you think it's time for a big correction? I think we'll have a big one once tradeable futures start at the CME and big players start shorting it.

When the government wants your bitcoin they will throw you in prison till they get what they want. Gold has no paper trail tied to it. I could have mined it in my back yard for all the government knows. If they know I have it and come for it, I could say it was stolen. Bitcoin has an open ledger, everyone can see what you have. I agree bitcoin is superior in some ways, but gold is in others. There is no objective reason for bitcoin to have it's current valuation. When the masses and everyday people are getting into bitcoin that don't understand it, and it's valuation has gone parabolic in the past month, that's when you know it's a huge bubble and needa get out. It will crash, I don't think to zero, but to it's logical value slightly under gold.

Trading bitcoin for short term gains is risky but huge rewards. I'll hold gold and silver long term over bitcoin though. We are 8+ years in a bull market. Over due for a recession, when the economy goes south, bitcoin will be the first thing people sell, and it will crash.

Precious metals are inherently worthless, and like everything else, only worth what consumers are willing to pay for them. But they serve a greater purpose than just being used to make jewelry or industrial application, which is giving the US dollar value. Without gold and people willing to pay market value at $2500 an ounce, the dollar would be as worthless as the toilet paper you use to wipe your ass with.

Blckndyllow


Educate yourself man. The threads linked in the OP are FILLED with pages and pages of extremely experienced and knowledgeable posters on investing forums talking about bitcoin.

You're filling your posts with confirmation bias. There are hundreds of educated posts on Bitcoin as an "investment" yet you're ignoring all of those and quoting the one guy who didn't understand withdraw trying to act like you know more. That's confirmation bias. Read up, educated people are discussing it in those threads.

“Educated people” have been saying bitcoin is finished for how many years now? Did they get it when it was cheap and cash out now it’s near $20k? No? Instead they were calling it a scam or too scared to invest, so it shows how much they know right?

My friend has made 10k in one week with Cyrptos

Just lol at getting those sort of returns with anything else

And this was with a 10k initial investment

This is what I don't think you understand.

Those educated people could have said all that, Bitcoin could have surprised them and returned 8,000% in a day. That doesn't mean that they are less educated and the guys who made 8,000% in a day know more than them.

I don't know why you don't get that but returns =/= educated and intelligence in investing.

So what then? What good is that education when you missed the boat? It’s almost like the “experts” don’t know the future.

This is what I don't think you understand.

Those educated people could have said all that, Bitcoin could have surprised them and returned 8,000% in a day. That doesn't mean that they are less educated and the guys who made 8,000% in a day know more than them.

I don't know why you don't get that but returns =/= educated and intelligence in investing.

Long term averages though.. those are a better indicator of knowledge.

Of course they don't know the future. You know, almost all the posters in here who support bitcoin have at least started to sound reasonable after a few posts lol. I can't make sense of your posts.

There's a certain method that time after time has proven to work the best for getting rich. Educated investors, and the majority of investors who study are aware of this fact.

Just because somebody speculated and bought something that by chance gave them a crazy return in a short period doesn't make them more knowledgeable than the educated guys who know what they are doing.

Does that make sense?

I can't go dump my life savings into a penny stock, watch it return 5,000% in a week and then point at the real educated guys and be like "Ha see I know more than you! What an idiot! You're missing out".

Let me know when this makes sense.

Investing cannot be predicted without insider info. No level of education can make sure you don't "Miss the boat" but there is a style of investing that does better than all the others on average.

these "educated" people tend to be over the age of 45 and not fully knowledgable about the tech behind the blockchain.

these "educated" people tend to be over the age of 45 and not fully knowledgable about the tech behind the blockchain.

they never adapted when the time was right. instead, they decided to remain in their cozy little fiat bubble spraeding fear, uncertainty, and doubt to anyone who would listen.

Of course they don't know the future. You know, almost all the posters in here who support bitcoin have at least started to sound reasonable after a few posts lol. I can't make sense of your posts.

There's a certain method that time after time has proven to work the best for getting rich. Educated investors, and the majority of investors who study are aware of this fact.

Just because somebody speculated and bought something that by chance gave them a crazy return in a short period doesn't make them more knowledgeable than the educated guys who know what they are doing.

Does that make sense?

I can't go dump my life savings into a penny stock, watch it return 5,000% in a week and then point at the real educated guys and be like "Ha see I know more than you! What an idiot! You're missing out".

Let me know when this makes sense.

Investing cannot be predicted without insider info. No level of education can make sure you don't "Miss the boat" but there is a style of investing that does better than all the others on average.

I already said nobody here put their life savings in, they put in spare change and it’s paying off. I’m not sure why you’re getting so dramatic, basically listening to these experts are why you’re missing out and now you want others to join your company lol

I agree, and in laymen terms, there are flash-in-the-pans and there are sustained success stories.