Finn said:
@BlockchainBanter
My net worth is thankful for their mistakes.
I made my yearly salary in just the last month from unrealized gains. I love this part of the cycle. I also enjoy the quiet when I’m accumulating. Been riding the waves since 2016.
@BlockchainBanter
Exactly. A friend told me about 5 months ago that crypto was dead. I just said okay.
Molly12 said:
@BlockchainBanter
Exactly. A friend told me about 5 months ago that crypto was dead. I just said okay.
When your Uber driver starts giving you crypto buying advice, you know the run is over.
Molly12 said:
@BlockchainBanter
Exactly. A friend told me about 5 months ago that crypto was dead. I just said okay.
I’ve had around 20 of them telling me since 7 years ago. Some lost a lot in 2022 by buying high in 2021 without telling me (and yes, they sold at a loss).
@Danielle
A cousin of mine lost about $3,000 and it made him dislike crypto forever. I was literally begging him to buy when BTC hit $30k last year, right after Fidelity filed its ETF application, but he wouldn’t.
His brother also begged me to buy Doge when it was at $0.001, so who’s the bigger fool here, lol?
@Danielle
I really need to get back into it. I don’t even know if this is a buying or selling moment. I cashed in all my crypto and baseball cards during covid when people were going crazy.
At this point, I prefer to just buy and hold for 5-10 years, but I also don’t want to buy at the peak.
@Oren
Most altcoins are still way down and are watching BTC to recover before they start moving.
Molly12 said:
@BlockchainBanter
Exactly. A friend told me about 5 months ago that crypto was dead. I just said okay.
Don’t forget to beep your Lambo’s horn as you drive past his place.
@BlockchainBanter
It’s almost like it’s a cycle.
Miles said:
@BlockchainBanter
It’s almost like it’s a cycle.
Psst, don’t give them ideas.
Miles said:
@BlockchainBanter
It’s almost like it’s a cycle.
Psst, don’t give them ideas.
It doesn’t matter. Greed is the most predictable human emotion.
Miles said:
@BlockchainBanter
It’s almost like it’s a cycle.
It’s cynical too.
They want us to be wrong more than they want to be right next to us.
Miles said:
@BlockchainBanter
It’s almost like it’s a cycle.
My losses during this cycle? Yes. 100% can confirm.
Miles said:
@BlockchainBanter
It’s almost like it’s a cycle.
It’s like they are waiting for hope and FOMO to kick in! Let’s go, Gramps!!
@BlockchainBanter
It sounds like they pump it while you dump it. Very similar to gold.
@BlockchainBanter
It’s a risk management strategy. If you are okay with a 20-30% gain, why risk it all at the bottom just in case it doesn’t bounce back? Wait for the bull run to be confirmed, then jump in.
The larger the amount people invest, the less risk they want to take. For many, a 20-30% gain over a year is a big win. They are not looking for a 10x return.
Not everyone is a gambler like us trying to 10x their gas money.
@Austin
Exactly. If you are not chasing 100x on memecoins but looking for modest gains on large amounts, there are great buying opportunities literally everywhere right now. Buy signals are flashing everywhere.
@Aubrey
Wait until Monday. Weekend trades won’t show market sentiment at all. I’ll be suspicious if profit-taking doesn’t start at EIGHTY THOUSAND.
@Aubrey
That’s true too. I bought BTC when the $20k breakout was confirmed in 2020 and made about 75x gains… with Bitcoin (thanks to leverage).
I ended up giving it all back six months later but still, the chance is there for those who play it wisely.
@Austin
I’m just saying… the bull run was confirmed like 12 months ago.
Even if you were reluctant, you could have bought last July and be up 75% right now.
Those who are satisfied with 20-30% in crypto aren’t using accurate signals; they are just panicking, missing exits, and selling at a 90% loss.