how is this still being discussed
Its being discussed because we have guys here telling cats to borrow against their mortgage and pull money out their 401k's to buy bitcoin.
1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
Its being discussed because we have guys here telling cats to borrow against their mortgage and pull money out their 401k's to buy bitcoin.
heisenburrr
Have Fun Staying Poor
So 4x while BTC did 6x. Tell me why anyone would want to put money into LTC again?
Telling people to start flipping those coins and pretending no one takes loss doing so is just begging for ruins.
YFI was 43,000 for a quick minute then gets listed on Binance where you average person bought it and proceeded to dump straight for 2 months losing 80% in that short span. You think any regular joe will stomach this.
Most people flipping shytcoins and trying their hand at Uniswap get burned.
To anyone following, sure listen to Supa and because it sounds so easy, go right ahead but don't be surprised if you've lost everything in a matter of weeks though.
heisenburrr
Have Fun Staying Poor
Imagine trying to grill someone for a 50% call right on the money.
It's more irresponsible to tell people to play the shytcoin casino than it is to use financial leverage responsibly if one can afford it.
OneTimeforTheMind
All Star
Ripple has no use case...stop getting finessed
understand that but buying LTC or XRP, smh save your money
calixprynce
...
24K RIP Kobe!!!
Brolic
High Value Poster
calixprynce
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heisenburrr
Have Fun Staying Poor
If you watch this and don't get it then I really can't do anything for you
Timing. You're counting BTC as if @ISO is buying in at 4k. Can LTC go to $240 before BTC hits 48,000 is what we're talking? If BTC was 4k yes it's the better buy but it's not the case today.
I didn't tell him to buy alts I told him to get ETH or LTC. The majors are relatively safe plays.
You're talking dips now? People didn't get rekt buying BTC at $19,000 in 2017 because people were telling them it's going to 50k like you're doing now? They didn't get rekt by BTC in March? Losses come in crypto. Unlike BTC where the goal is to hold, most alts are meant to be flipped. You get a 3-5x and lose money holding for 10x that's on you. You can take profits as you please. Something isn't moving like you hoped sell it and move to something else.
I don't take these Uniswap gambles. I buy solid projects and have done well so far. The goal is to accumulate them for alt season. You like to run with idea that alts are all high risk gambles. Plenty of us are eating. Your bias is keeping you from making money.
DrHackenbush
Happy wars/sad love songs
Yup I've been fukkin with only uniswap since like July and that's where the money is at right now. BTC is the safest thing if you wanna buy and not check the price for a few years but in the meantime flipping these uniswap shytcoins is where its at
calixprynce
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supply shock , nikkas are hodling and institutions are jumping on. it should be really fun from here on out
heisenburrr
Have Fun Staying Poor
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BTC maximalists are the worst. They refuse to accept that people can make money off alts because they're too scared to dip their toes in the water.
heisenburrr
Have Fun Staying Poor
Nobody gets rekt with an informed, long term investment perspective on Bitcoin. People who get rekt are the ones going into anything for quick flip and wrong expectations.
The ones who are worst off are the ones buying the alts because retail gets to hold the bag every single time.
The information asymmetry is too big in crypto for the average person to come in and end up on top playing the shytcoin casino game so, yes, some of yall are making it. I've flipped a few shytcoins myself, but the majority of people lose and NEVER get their money back.
Just dig down this thread back to 2017 and see all the shyt people were raving about. Some of those coins are absolutely worthless and the better ones might never get close to their ATH again