The Bitcoin Thread or, How The Fed Is Going To Fuck You

[TheReal_ND]

I'm getting raped in the crypto markets today lmao

[Montegriffo]

How's your graph looking today Nuke?

[TheReal_ND]

I don't. Want. To look.

[ssu]

Jesus,

How many people are participating in this classic speculative bubble? Weren't people hear basically interested in history first (before Nuke & gang got Dan to close his forum)?

Perfect bulltrap time I say.

[TheReal_ND]

Hm

[ssu]

I call it a bubble when people that have never ever had the slightest interest in
economics or investing get crazed by investing in something. This is a bubble and it's popping right about now...
perhaps some bulltrap rebounds.

Hype is hype.

[TheReal_ND]

Oh. So you don't speculate on crypto. Thanks for your input.

[TheReal_ND]

[ssu]

Oh, I've learned that the most important thing for an amateur investor is not to loose your money and hence avoid speculative bubbles, buying at the most high prices and making then losses that basically make you curse the whole thing. Just understanding when there's a boom and when there is a bust is all it takes.

When the public becomes interested in some investment vehicle too much, stay clear. It will be ugly.

You might speculate in the way you go to play in a casino. But that isn't investing if you play with a few bucks.

Better thing to take a loan and buy an apartment, rent it and have the tenant pay your loan.

Boring, but works well especially if you are young or middle aged.

[TheReal_ND]

You sound very knowledgeable.