Celebrities Erase Their Crypto Ties As Crypto Mania Turns Into Crisis

[Nobert]

Saw this vid few months ago of a ExCrypto Millionaire.
Guy was describing it in a :
,,It was surreal. I could buy anything to my friends and family."
Flipped 30k or something into few mils & didn't cash out on time.
Now, - teaching how to. Hopes to make it back. In his mid 40's or 50's.
Still haven't realised that it wasn't due the skill, but timming/euforia.
Still, genius.

 

[johnarb]

Saw this vid few months ago of a ExCrypto Millionaire.
Guy was describing it in a :
,,It was surreal. I could buy anything to my friends and family."
Flipped 30k or something into few mils & didn't cash out on time.
Now, - teaching how to. Hopes to make it back. In his mid 40's or 50's.
Still haven't realised that it wasn't due the skill, but timming/euforia.
Still, genius.

Sorry I annoy you too much, Nobert, I seem to be on your ignore list but I think you missed a setting I'm still able to reply to you

TL;DR on the video, he invested $200K to DOGE, went up to $2.9M, now back to $200K, he never sold any.

Cashing out during bull market euphoria is very difficult, but more so in the position he put himself into by being a public figure for a diamond hand hodler

Hopefully, he will learn to cash out some of the profits on the next bull market cycle... It took me until my 3rd cycle to fully learn that lesson

 

[The_Krakenite]

, he never sold any.

Actually, IIRC he admitted later in an Andre J. video that he had sold a bit. Seems this was hidden from public view I guess because of his meme-boy status.

 

[deaddog]

Hopefully, he will learn to cash out some of the profits on the next bull market cycle... It took me until my 3rd cycle to fully learn that lesson

Don't tell me you are coming around to my way of thinking.

 

[JackMorgan]

let me splain it to ya

the biggest gains are made by the dumbest of dumfuks

problem is , they rarely take their heads out their asses in time to keep the winnings.

 

[johnarb]

Don't tell me you are coming around to my way of thinking.

I did sell quite a bit, but not at the top, sometime in May 2021, way before you and I replied to each other's posts

I manage risks and portfolio is crypto assets with a tiny bit of MSTR call options + cash

I think we're very much different in our thinking. You hold 100% cash and make short term trades

I will never have 0% portfolio allocation to Bitcoin and crypto assets as in my view that is extremely risky and irresponsible

 

[Frederick Foresight]

I did sell quite a bit, but not at the top, sometime in May 2021, way before you and I replied to each other's posts

When btc crashed to $30K last year, my crypto-curious friends (with the s) and a family member would not buy even as I gave a long explanation that I was buying more to hodl for years like any investment

When, exactly did you sell, and when was this crash to $30K last year? Because BTC's 5-year price chart does not quite comport with your posts, and your posts with each other:

https://www.google.com/search?q=bit...i433j0i10l8.4904j1j4&sourceid=chrome&ie=UTF-8

Perhaps I'm missing something?

 

[Cuddles]

 

[deaddog]

I did sell quite a bit, but not at the top, sometime in May 2021, way before you and I replied to each other's posts

I'm surprised you haven't mentioned this before.
Especially as you seemed to be arguing against selling. Although I always assumed you had sold some to build up your cash reserves.

What lesson is it that you learned after the third cycle?

I think we're very much different in our thinking. You hold 100% cash and make short term trades

I'm not afraid to go to 100% cash and I'll hold a position as long as it contimues to trend.
Works very well for me!

I will never have 0% portfolio allocation to Bitcoin and crypto assets as in my view that is extremely risky and irresponsible

We manage risk differently. I'm afraid of losing capital or not having it produce, so if something isn't working, I'll look for other opportunities. I see no downside to waiting in cash.

You on the other hand seem to be afraid of ???. I'm not sure. Why do you see not holding bitcoin as risky and irresponsible?

 

[johnarb]

When, exactly did you sell, and when was this crash to $30K last year? Because BTC's 5-year price chart does not quite comport with your posts, and your posts with each other:

https://www.google.com/search?q=bit...i433j0i10l8.4904j1j4&sourceid=chrome&ie=UTF-8

Perhaps I'm missing something?

posted on ET last year