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Author Topic: Smart decision I made toward the end of the bull run  (Read 790 times)
ethereumhunter
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May 14, 2022, 02:00:31 PM
 #21

You are doing the best for your investment because by holding BTC and ETH, I think holding those coins is enough than holding a lot of coins that you don't know whether to go up or down. While with Solana, I actually don't know if Solana can improve in the future or not and besides, Solana is a new coin which is still in the development stage. So I hope you are careful holding Solana. It's better to analyze yourself than follow what others suggest because it is your money and you have to take responsibility for it yourself.

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justdimin
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May 15, 2022, 02:50:58 PM
 #22

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.
Decide wisely for yourself. The KOLs I know all accept money to promote projects ranging from shitcoin to the top and to lead our minds with bogus trends. And when everything is exposed, those knowledgeable enough will get out of the way and those who are still stuck with the loss will receive comforting words like blame yourself for not knowing enough and just listen to them Smiley
This is true, because at the end of the day they are doing it for the money. Why would they do it? Why would they suggest a coin? Just because they love everyone and they want everyone to be happy and rich? Of course not, the aim to do this is becoming richer and that path is from getting paid from people.

You could become like that as well, put aside like 10k dollars, start a brand new twitter account, get a good logo or whatever made, or even buy an NFT if you want, and then start tweeting about possible things, news, and then do giveaways, like for example $50 per week at least, if you can afford more like $50 per day that’s better, and do "retweet and follow to have a chance to win" and you will have 50k+ followers in under a year. It’s not hard to be KOL, and they just get paid to do this.

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May 15, 2022, 02:59:56 PM
 #23

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

You could have made more if you converted back to FIAT but it was still a better move than staying in alts. Youtubers don't give a damn if you make or lose money. The only thing they care is their subs, likes and view counts which means they only care about their ad revenues. Youtube stopped being an informative source long time ago. I mean you can still find interesting stuff but it is mostly about clickbaits now.

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May 15, 2022, 03:13:11 PM
 #24

Quote
I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

I guess many investors will learn from this favourable advise that will make them to become successful in future. Many traders loss their profits few weeks ago because there was a serious decreased of bitcoin, ethereum and Solana that made some traders to release their coins for sale because of the social media news they listen to without carry out their personal research to know if to convert bitcoin to ethereum or ethereum to Solana. Always carry out your personal research before converting altcoins to bitcoin because through your personal research you can be easily to identify the best coin to convert that will bring you massive profit in future.

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May 15, 2022, 03:14:18 PM
 #25

Following what other people have to say can generally be destructive to your portfolio and goals, especially YouTubers who could be just paid advertisers. While it is okay to listen, where you could maybe get something interesting and beneficial, making the decisions should be your own call. And this should be done upon assessing the potential implications of every decision you could make.

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pawanjain
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May 15, 2022, 03:28:00 PM
 #26

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

That again depends on what were the altcoins that you were holding. If you were holding shitcoins then you probably made a good choice.
While ETH and SOL are also altcoins, it would have been better if you had exchanged all to bitcoin alone.
But yes, ETH and SOL are still better than other altcoins out there and that's my perspective.

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May 15, 2022, 07:38:34 PM
 #27

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.
Most of those youtubers are uploading videos to catch your eye and get some views, so it is obvious that in order to try to get more viewers they will give very extreme predictions about what they think it will happen on the market, so there is a very strong incentive for each one of them to become even more extreme in their predictions, so without a doubt it is the wrong place to look for recommendations about what to do with our money and with our time.
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May 15, 2022, 09:24:15 PM
 #28

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

Yeah, I don't believe in youtubers, most of them only creates videos just for us to watch without analyzing the market. They sometimes promotes shitcoin they are sponsored to do that, I rather follow some people in telegram that will provide some calls with explanations. Being able to decide on your own is a good practice, you don't need to listen to others, if you feel that you need to convert your earnings to usdt then go for it. Winning or losing it is up to you.
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May 15, 2022, 09:31:39 PM
 #29

~
If not scammers, they are surely paid. I only checked Youtube when I am about to learn technical stuffs like in trading just like what I did back in the day to learn the ropes of it. Other than that, I would not trust a lot of Youtubers for crypto investment regardless if their channel is dedicated to cryptos. There are just way many things that could go wrong if you just let yourself get baited by those.
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May 15, 2022, 09:35:43 PM
 #30

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.
I am not sure when you made your decision on converting all your alts to Bitcoin, ETH and Solona, if you did that before the major crash then it was a good decision. What everyone does is to hold the money in stable currency until you see any major correction and then take a position on investing again rather than converting before any major correction.
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May 15, 2022, 10:32:13 PM
 #31

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

Well BTC, ETH and Solana did fall pretty hefty too in the last few days and weeks so you have still made quite a big loss, but i also think that if you would have kept your small cap altcoins and maybe even meme-coins then your loss would be even higher so you definitely made a good move there. I would usually say you should have transfered that altcoins into stable coins in order to be completely safe before the dump comes but then there would also be chance that you would have turned it into UST and then you would have lost the majority of your capital. I have to say though that BTC did fall quite a bit. Usually the BTC price is more robust in comparison to the other coins.
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May 15, 2022, 11:05:01 PM
 #32

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
BTC and ETH are the most recommended cryptocurrencies so far, safer than others and more promising. The chance of being crashed until zero is very small because they are likely the father of crypto and mother of altcoins.
Btw, I do agree so much not to believe influencers and YouTubers so easily moreover to invest in certain coins, moreover new coins.
always DYOR every time we are going to put our money for investment, if you want to check some updates from YouTubers or influencers, use the information to gather as part of the consideration, not for the decision.

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May 15, 2022, 11:15:11 PM
 #33

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.
BTC is down almost 60% since the ATH last year, how can you benefit from converting your alts into btc while btc price declining everyday same with alts? Much better if you converted it into stable coin and buying the dip again while crypto market is dumping like crazy in the last few days.   

Everyone has the right to choose and the OP's choice is not bad. The whole market is falling and bitcoin is also down a lot compared to ATH, but OP is absolutely right to move his assets to bitcoin. When the bear market happens and lasts, what makes you sure that you won't continue to lose if you hold altcoins. But if you hold bitcoin when the market goes up then bitcoin is the first coin and leads the whole market up, second bitcoin is the safest coin today and in the long run bitcoin has never caused a loss for investors.

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May 16, 2022, 06:31:02 PM
 #34

seems like converting everything to usdc was the best idea, so dont sit on coins always, sometimes they fell bad, just because less fallen is not very good, even a stablecoin will suffer from inflation but still seems like best option till next bull
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May 16, 2022, 08:20:11 PM
 #35

Following what other people have to say can generally be destructive to your portfolio and goals, especially YouTubers who could be just paid advertisers. While it is okay to listen, where you could maybe get something interesting and beneficial, making the decisions should be your own call. And this should be done upon assessing the potential implications of every decision you could make.
most youtubers now shill a project due marketing promotion from developers team. they paid for their analisys and it is not become more objective now. maybe stay from any project by youtuber could better, or atleast we buy it maybe hit and run just to collect fast profits. all decision rellated with investment should come from our own research and analisys.

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May 16, 2022, 10:08:58 PM
 #36

seems like converting everything to usdc was the best idea, so dont sit on coins always, sometimes they fell bad, just because less fallen is not very good, even a stablecoin will suffer from inflation but still seems like best option till next bull
if we were not courage to take risk in our investment , how could we earn money here. converting our assets into usdc didnt solve anything, it could be failed due if any structured attack suffer it. investment in crypto market really need strict calculation and research. no one could guarantee it will run smoothly, but by this volatility we took opportunity to earn moneyt.
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May 16, 2022, 11:04:04 PM
 #37

surely there is always some ulterior motive behind any youtuber’s shill, lets be honest these youtubers doesn’t want you to be rich instead they themselves want to be rich if you think that they are going through all the hard work of editing their youtube content just to make you rich for free then you’re day dreaming, there is nothing like too much money in this world and surely the youtuber definitely gonna make some fortune out of their shills either they already bought first and wants it to increase in terms of price or they are already down in investment and wanna cash out.

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May 16, 2022, 11:10:16 PM
 #38

Yeah you have made such a great decision. Youtubers are only spreading fake news and signal about crypto that can give them all profit and so if you are actively investing based on what youtubers said and i do believe if you have bought at the upper rate compared with what used by youtubers to enter in the market. This being said that if the fact that you must also think again about that. Never try to follow the youtubers or any influencers. They are only fooling you with their mouths.
It's not worthy to follow them or even try to did what advise that already given by them.

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May 17, 2022, 01:26:23 PM
 #39

most youtubers now shill a project due marketing promotion from developers team. they paid for their analisys and it is not become more objective now. maybe stay from any project by youtuber could better, or atleast we buy it maybe hit and run just to collect fast profits. all decision rellated with investment should come from our own research and analisys.

That’s right. It is too risky to put the basis of your investment decision on some promotions, because not all are genuinely true and some are even paid to just present the concept being said. Or if you would decide to ride the clout, then you should know until when and where you would go along with it.

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May 17, 2022, 01:30:27 PM
 #40

Most YouTube videos about crypto are paid promotions, it will be stupid to make a decision because of that but I want you to know that I have come to know few good projects through YouTubers and I made good profits from such projects, mostly metaverse like Metahero.

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