Im glad i dumped em when it got to 40 cents I don't think i would rebuy even though they are so cheap. Id rather buy some vertcoin or anything else without the pre mine
I was planning to just review this thread, and let those that need crying towels comfort each other
instead of jumping in here, ...BUT:
1. Every major Upswing (ie: November - December) is usually followed by almost as large of Downswings.
This is the entire market right now, less one or two issues. Don't Panic Sell, unless of course your
either leaving, or your certain whatever your holding is burnt toast. Don't Panic Sell. Doing so is
Buying High, and Selling Low. A disaster. Yea, I wanted to release WDC too, but I didn't. Odds are it
will strongly bounce back with the rest of this marketplace. And surge to all time highs again. So I
refuse to sell, no matter what. Don't join a herd of fools.
2. Four major upsurges in the last year. With four major downswings following each one. Rinse, repeat.
3. This isn't a get rich scheme. Or a "goldmine". That event is gone. This new event has begun. Yes, there
is apt to be some major profits. But not for anyone that panic sells. Or loses their cool. Or takes on too
much risk in the wrong ventures. Proper allocation of risk assets is required.
4. Bitcoin is the King. That's where one's "dry powder" needs to be stored. For just the kind of occasion
we have right here, right now. When there is blood flowing in almost every Crypto Issue.
5. When things look the bleakest is exactly when to jump back in. When everyone else fears the market
it's time to grab the best with both hands and load up.
6. When everything is booming, and there is no fear, & only optimism, it's time to be extremely fearful.
7. This VERT. A very interesting coin. But it had massive speculation right at launch. It's extremely hard
to measure at this point. After all, it's not the only coin of it's similar kind. And no matter what one
wants and desires, it's instead up to the entire marketplace, to decide any coins fate. The vast majority
of coins will die a slow, painful death. Do you think that is right now, right here, today? Starting already?
If so then sell everything, and do something else.
http://coinmarketcap.com/vtc_30.html Look here, review this chart, what is it telling you. Why do you think some of us warned others to go
slow here? Time is on the patient investors hands. Far too many here don't have decades of trading
experience. And in currencies (the forex) it's a real slug fest. With major scams a second. A game that
hardly any retail investor/speculator ever wins in the longer term. But here it's not that way, except
for the fact that many care to separate many from their funds by way of lousy terms in deals.
Now look at this chart. What does it say about VERT:
http://coinmarketcap.com/vtc_30.html8. I like VERT, not so much the name at all, but the concept. I like Franko too. But being attracted to
anything in the investment world is a mighty dangerous thing. Don't ever fall in love with any holding.
9. When it comes to risk one must spread the risk out over many wagers on different things, to assure
that the overall risks are moderated. Much like the old Janus Mutual Fund of 20 stocks. Some theory
says that 7, or 10, or 12 or 15 or 20 different stocks is ideal, and self weighting (lowers risk) and that
over diversification is often less rewarding. Simply because your putting too much, in to many dogs.
10. That chart screams what? Yea, so quit thinking with your heart and desires. And start thinking with
your mind.
11. The Fundamentals of coins is half the game.
12. The Technicals (Charts, charts, charts), as in learning to be a market Technician is the other half of the
game.
13. Without both your a babe in the woods. Butt naked and soon will get handed your butt unless lucky.
14. WDC is fine. Always was, likely will be. Like it or not. Yes there are plenty of amateurs that wannabe
success stories. And their taking other peoples monies and rolling the dice, often without realizing
what their doing, or how high the risk levels are. Not to mention those that flat out lie, cheat, and
scam. Much less flat out steal and swindle, con, cajole, con.
15. Here's the bottom line: Never trust anyone else when it comes to larger levels of money. They will
end up, sooner or later, getting the best of you. ALWAYS VERIFY. Always DO THAT DUE DILIGENCE.
16. Some of us are making bank here (money). Most are not. It's a tough road to hoe. Only through
years, sometime only through decades of experience, with many wins, and many losses, comes
the ability to rock and roll with the punches of a high risk venture such as this.
17. Being a gambler it's easy to ride these monster waves out. It's second nature to myself. But very
alien to anyone else but another speculator. Measuring risk is a learned art. It's not easy. It takes
time. It has a price to be paid.
18. Learn from each and every mistake you make. A smart person learns from others mistakes so they
don't make them. A not so smart person learns from their own mistakes, eventually. And the lesser
ones never learn, but instead surrender, and give in, to the easiest route. And never learns enough
to ever be a business person, or a successful investor, or God forbid a real live gambler.
Most businesses fail within two years of start-up. Don't forget that. If they don't have a track record
that's a huge red flag. If they can't demonstrate and document earnings history your not merely
gambling. Your playing the roulette wheel with your funds. And there the odds are stacked against
you.
19. VERT - maybe when it calms down. Many great looking coins burst onto the scene. Only to quickly
drop in price as miners by the thousands (seems like that many, even if there isn't) just as quickly
sell, sell, sell. Then panic often sets in, and they sell ever faster, and quickly accept any offers. Their
foolish to do so on a good choice early. But it wont ever change. That's this marketplace. Learn it.
Benefit. Or don't , and pay the entry fees and cost of learning the hard way.
http://coinmarketcap.com/vtc_30.html20. For those that are not aware of the technical's here's a great place to start learning them. Just adjust
the lessons for here, instead of the Forex. And there ya go, in one evening you too will understand
candlestick charts, and how to learn the many patterns and waves. 5 up, 3 down, in a bull market.
And 5 down, 3 up, in a bear market. But that's another lesson that's much more complicated.
http://www.babypips.com/school21. News, Information, Data, Rumor, Speculation. And the other fundamentals.
The earnings, or potential.
The assets versus the liabilities.
The Cash Flow Statement.
The Key Stats.
The earnings Estimates.
The Balance Sheets.
But all that is only half. And half gets one broke fast.
So does getting merely 90% correct in many games such as Poker.
http://cryptometer.org/index.html Then the Technicals = the Charts. That's the other half.
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http://bitcoinwisdom.com/markets/bitstamp/btcusd http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv http://www.cryptocoincharts.info/ http://bitcoincharts.com/markets/rippleXRP.html https://blockchain.info/charts and where ever your favorite charts may be.
Most importantly start and finish this: =
http://www.babypips.com/school==================================================
Graduate first. Only then will you be at least as good as some. At least get through 2nd grade!
Don't dare day trade this stuff. The commissions alone will scalp you.
Toss those half ass bots in the trash.
Don't trust anyone. VERIFY. Always. That's the only thing Reagan ever got correct.
Presidents are like broken Clocks. Even they are correct two time per day.
Either invest in yourself first. Or your efforts are likely in vain.
The easy, lucky, dumb money was already made and is long gone for the most part.
But there is still 100's of billions to be made. Trillions. But it wont ever be easy.
Or go flip hamburgers. But whining, complaining, and moaning doesn't do any good.
Man up.
Caveat emptor - let the buyer beware!
