Looking really, really good with those picks guys.
Cilantro, you're a magician. You can turn $500 into $300 in less than a week.
Hocus pocus.
Yeah... I haven't been taking any advice from this thread. Buying coins that are derivatives of more popular tech with no enhancements doesn't sound like a good idea at all.
I'm all about replacing our fiats but I still think that I at a minimum ten years and lots of growing pains down the road, so for now I am content to throw in $6000 and pull out when it grows 15% on some random rush.
I'm doing comparatively well for my age but I'm still not going to scoff at making ~$1000 every couple days with practically no effort. It looks like the wave is over though, at least for now.
To me, the bolded part is the most important sentence in your post. That has been my entire point all along in my comments. If you guys want to gamble - and that's all this is - go ahead. You might make a little money or you might lose quite a bit of your initial investment.
But people should not be thinking that they will get rich trading in this garbage, that they're some type of genius investor for doing it or encourage other people to join the mania.
And for that, numerous people in this thread that look pretty stupid now jumped all over me.
Like TC, who may have gotten someone else to buy "BAT" based on the claim that it "would be at least $1.50" by now, while it is trading for way less than he bought it for and less than 1/3 of his predicted price target. And he still won't admit that he was wrong.
It's one thing to waste your own money. It's another to try to persuade others to do it.
Sadly, some of you might be able to learn how to invest and make real money if you took the time, but I think the appeal of get rich quick schemes is far too strong. That's why there are so many retail investor suckers getting burned on this stuff, which is a huge signal to get out of it.
My "investment strategy" with this stuff over the last three years was to throw $100 at it every couple months for a thrill of seeing one go up 200%, I considered it money already lost, as one should when gambling on a game where the result is random.
You're definitely right though, I didn't realize how many people in forums that I considered to be full of more savvy people would fall victim to the get rich quick mentality that is in crypto. Reddit isn't so bad, it seems to be a bunch of older guys gambling with what they have to throw away, not kids selling their xboxs hoping to get rich like some places.
I have no problem with that. As long as you treat it like playing a slot machine, and risk money you can afford to lose and find entertainment in the activity, that's great.
That doesn't seem to be TC though, who is truly convinced he knows everything about this stuff and is an investing savant poised to make millions on it. So much so that he is dispensing poor advice while encouraging others to go along with him, including a guy that indicated he lives paycheck to paycheck. Dreadful and irresponsible.