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Author Topic: If you are freaking out right now, you are over-invested in crypto  (Read 908 times)
vuduchyld (OP)
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June 17, 2016, 05:34:39 PM
 #1

Diversify!

You should be well aware that crypto is NOT investment, it is pure speculation.  With the great opportunity for profit comes great risk.  Risk and reward are HIGHLY correlated in financial endeavors.

If you paid "tuition" today, learn from it.
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June 17, 2016, 05:42:36 PM
 #2

The only relatively safe in cryptocurrency is Bitcoin, everything else has several order of magnitude of increased risk compared to the original coin, but it can make you rich overnight as well.
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June 17, 2016, 05:56:37 PM
 #3

Yes trading crypto has now become purely gambling with current DAO and ETH drama. Angry
Is this chance for lisk to get some uptrend with all eth fund coming into lisk?

 
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vuduchyld (OP)
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June 17, 2016, 06:01:54 PM
 #4

When I say "diversify", I am not talking about various cryptocurrencies.

Bitcoin may seem "safe" right now, but thousands of hodlers of BTC in Mt. Gox would be happy to explain otherwise.
BellaBitBit
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June 17, 2016, 06:27:43 PM
 #5

I agree DIVERSIFY.  Even BTC should not be considered a safe haven to hold it all in.  If you are diversified days like today should be fun and opportunistic.  Crypto is all over the place, one day your on top the other not - stay safe and mostly have fun!

I love Bitcoin
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June 17, 2016, 06:30:32 PM
 #6

I think the DAO is finished......
They're is no easy solution to fix this problem
No matter what they do, some % of people will not be happy
And will leave the eth/dao project but hopefully they will get
Refunded their losses....
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June 17, 2016, 06:34:09 PM
 #7

The only relatively safe in cryptocurrency is Bitcoin, everything else has several order of magnitude of increased risk compared to the original coin, but it can make you rich overnight as well.

Not Bitcoin (Block size issues) but Litecoin.

Bitcoins101
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June 17, 2016, 07:39:21 PM
 #8

Mutual funds are for suckers..That's where Johnny the cash
Diversify!

You should be well aware that crypto is NOT investment, it is pure speculation.  With the great opportunity for profit comes great risk.  Risk and reward are HIGHLY correlated in financial endeavors.

If you paid "tuition" today, learn from it.
This is great advice, but I think the issue with many is that they invest a lot of money into crypto because they see the barrier for stocks/bonds as too high or scary. I think mutual funds are comparable to mining if you pay attention and think of it like that, some will pay well per quarter and some will hurt, look at history and make a meaningful decision.

Mutual funds are for suckers saving a portion of their salary for retirement. Hedge funds are a more reasonable place to invest money.

Super high-risk investments are safe if each individual investment is only a small portion of your bankroll.

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June 17, 2016, 07:53:55 PM
 #9

Mutual funds are for suckers..That's where Johnny the cash
Diversify!

You should be well aware that crypto is NOT investment, it is pure speculation.  With the great opportunity for profit comes great risk.  Risk and reward are HIGHLY correlated in financial endeavors.

If you paid "tuition" today, learn from it.
This is great advice, but I think the issue with many is that they invest a lot of money into crypto because they see the barrier for stocks/bonds as too high or scary. I think mutual funds are comparable to mining if you pay attention and think of it like that, some will pay well per quarter and some will hurt, look at history and make a meaningful decision.

Mutual funds are for suckers saving a portion of their salary for retirement. Hedge funds are a more reasonable place to invest money.

Super high-risk investments are safe if each individual investment is only a small portion of your bankroll.

anything super high risk is more like gambling than an investment lol
some investement scams ive seen over the years here have had worse odds of getting returns  than  casino games
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June 17, 2016, 08:03:34 PM
 #10

Diversify!

A way to do it is to trade BTC for gold. You can do it both for diversification or speculation. Now gold is still relatively cheap.
See my sig for the right place to do it.
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June 17, 2016, 08:08:21 PM
 #11

Diversify!

You should be well aware that crypto is NOT investment, it is pure speculation.  With the great opportunity for profit comes great risk.  Risk and reward are HIGHLY correlated in financial endeavors.

If you paid "tuition" today, learn from it.

Also take profits from time to time. No-one got poor from taking profits!

 
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robelneo
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June 17, 2016, 08:24:33 PM
 #12

Diversify!

You should be well aware that crypto is NOT investment, it is pure speculation.  With the great opportunity for profit comes great risk.  Risk and reward are HIGHLY correlated in financial endeavors.

If you paid "tuition" today, learn from it.

I totally agree with you that is why you need to know when you will get in and when you will get out,always get your profit back so you will not feel sorry in case the value decreases,it's always best to look for fast profit on some coins..

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Monerobuyer0
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June 17, 2016, 08:33:36 PM
 #13

If you are freaking out right now you shouldve bought a crypto with actual solid fundamentals like Monero or Bitcoin.
Bitcoins101
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June 19, 2016, 12:55:05 AM
 #14

Mutual funds are for suckers..That's where Johnny the cash
Diversify!

You should be well aware that crypto is NOT investment, it is pure speculation.  With the great opportunity for profit comes great risk.  Risk and reward are HIGHLY correlated in financial endeavors.

If you paid "tuition" today, learn from it.
This is great advice, but I think the issue with many is that they invest a lot of money into crypto because they see the barrier for stocks/bonds as too high or scary. I think mutual funds are comparable to mining if you pay attention and think of it like that, some will pay well per quarter and some will hurt, look at history and make a meaningful decision.

Mutual funds are for suckers saving a portion of their salary for retirement. Hedge funds are a more reasonable place to invest money.

Super high-risk investments are safe if each individual investment is only a small portion of your bankroll.

anything super high risk is more like gambling than an investment lol
some investement scams ive seen over the years here have had worse odds of getting returns  than  casino games

Which is why most professional poker players only play with 1-2% of their bankroll at a given time. It's not risky if you don't invest too much.

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June 19, 2016, 05:50:17 AM
 #15

Diversify!

You should be well aware that crypto is NOT investment, it is pure speculation.  With the great opportunity for profit comes great risk.  Risk and reward are HIGHLY correlated in financial endeavors.

If you paid "tuition" today, learn from it.

good advice, the trick is to cash out occasionally and not get greedy .. buy some gold
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June 19, 2016, 08:03:53 AM
 #16

I think the DAO is finished......
They're is no easy solution to fix this problem
No matter what they do, some % of people will not be happy
And will leave the eth/dao project but hopefully they will get
Refunded their losses....

It is difficult to solve this problem. It is ideal that the attacker return the money. If he does not, we will fork.

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June 19, 2016, 11:03:20 AM
 #17

Yes trading crypto has now become purely gambling with current DAO and ETH drama. Angry
Is this chance for lisk to get some uptrend with all eth fund coming into lisk?

No chance! They have ever more problems with security than ETH
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June 19, 2016, 11:10:31 AM
 #18

Yes trading crypto has now become purely gambling with current DAO and ETH drama. Angry
Is this chance for lisk to get some uptrend with all eth fund coming into lisk?

No chance! They have ever more problems with security than ETH


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