@Harmon
Yeah, I still think people have been waiting for a favorable political environment for re-assurance. While I think the election didn’t matter for Bitcoin, I can see why a cautious investor would be extra careful.
Also, these cautious investors usually excel at getting out of positions. They get out before the peak, feeling good about the 25% they made.
@BlockchainBanter
It’s good for us though; we need people to exit.
Zahari said:
@BlockchainBanter
It’s about human behavior.
This time, they are my exit strategy.
Best remedy for exit strategy is having enough fiber. LOL
Zahari said:
@BlockchainBanter
It’s about human behavior.
This time, they are my exit strategy.
Best remedy for exit strategy is having enough fiber. LOL
Metamucil Coin?
When prices drop, nobody wants to buy and calls it a scam.
I’m convinced that’s why people label it a scam and claim they lost money… because they bought when prices were high, and when the market drops, they call it a scam and say, ‘I lost money in crypto’. No, the value just dropped. You didn’t lose your money unless you sold.
@Kelebwhite1
Next time they say this, tell them ‘Scams earn the most’ and drop the mic.
@Kelebwhite1
If you buy high and the value falls, technically you’ve lost money; selling locks in that loss. But if you hold and it goes back up, you recover your losses.
Saying ‘I didn’t lose because I didn’t sell’ is just denial, which some Luna or Bitconnect investors might appreciate.
@Kelebwhite1
It’s tough to ask someone to wait a couple of years on something that’s not a retirement fund, so I get it.
Breck said:
@Kelebwhite1
It’s tough to ask someone to wait a couple of years on something that’s not a retirement fund, so I get it.
I understand your point, but that goes for any investment and doesn’t make it a scam. It’s simply frustrating.
To buy…when they shouldn’t.
I disagree. This is probably the best time to buy in history. The risk of regulation is lower, likely forever. Big companies are adopting it. As long as you’re willing to hold long-term, this is still a fine time to get in. We could see BTC hit a million dollars during the next administration.
@Bob
Nearly every signal outside of RSI is strongly bullish from positioning to technicals to monetary expectations and regulation factors. Sure, it might not go as planned, but every factor is leaning heavily in BTC’s favor.
@Bob
The right approach is to Dollar Cost Average sooner rather than later. It’s the simplest and most effective way for anyone looking to invest long term.
@BlockchainBanter
It’s like a gold rush. Good thing many of us have already been accumulating for a while.
@BlockchainBanter
Rinse, repeat.
@BlockchainBanter
If you’re selling now, you’re making a mistake. The bull rally just started because of the election results and plans for the Federal Strategic Bitcoin Reserve.
This has only just begun.
@BlockchainBanter
A friend of mine had 10k EUR just sitting around last year and asked me where to invest it. I told him BTC (when it was at its lowest point). He could have bought 0.9 BTC but waited. He ended up getting 0.6 BTC, and now that 10k is worth over 40k.
@BlockchainBanter
Keep it a secret; I have been telling people it’s a rollercoaster. 
They never learn. I’ve started keeping my advice to myself, and now you have to pay me for it. I’ve been following the crypto market since 2019.
@BlockchainBanter
Are you genuinely surprised, though?
It’s entirely natural for people to go with the crowd and do what’s popular.
This often stems from a survival instinct.
For instance, anyone could have easily bought inexpensive homes in Compton 5-10 years ago. Yet, nobody in their right mind did. Then it started getting gentrified, and now those homes are worth 2-3 times as much with an endless stream of buyers.
Why didn’t you just buy property there 5 years ago? It was cheaper to own a second home for 5 years than it is now. Well, because even though I’ve never been there, everyone thought it was too dangerous until it wasn’t…
@BlockchainBanter
That’s why they call it FOMO, my friend.
@BlockchainBanter
FOMO in action.