The Great Crypto Scam

virtusa said:
About getting filthy rich very quick. :D
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You're right. That's exactly what it is. When everyone believes that all they need to do is hop on the high-speed hope wagon to the promised land, you just know the wheels are gonna come off.
 
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virtusa said:
I don't agree.
I also believe crypto('s are a scam. But I don't go short for several reasosn.
First one is: I never invest in scams for the simple reason that it are scams.
Second one is: I make easier, more money with lower risk in other products (which are no scams).

My goal is to never have a drawdown, and surely not the drawdowns we see in crypto's, and make consistently good money. I try to get as close as possible to that.
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virtusa said:
OK, I will sell you now 100 BTC for $25,000 a piece. According to you that is not a bad entry because BTC will go to 100K or even to 1 MM. So this deal is a win/win. We both will be very happy and we will both make a lot of money. :banghead::banghead::banghead::banghead::banghead::banghead::banghead:

PS: If it makes you happier I even want to sell you 1,000 BTC at $25,000 a piece.

The only thing I never do is act because of FOMO. And that is exactly the thing that causes people to buy when BTC starts to go up. They are afraid for FOMO and they buy, no matter where the price is.
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To tie that back to my analogy,you are offering me units of stock(perhaps AAPL) at $25 on the way to my forecast of $100.

This would be on the very cusp of my buying strategy so I would crunch my numbers again.

If I'm still satisfied with my $100 forecast(just for you and Fred:my research now says $250.hahaha)I would purchase at that level.

I would hope that a)you got in early enough to realise a nice profit and b)that I realise a nice profit at the horizon of my trade.
 
Frederick Foresight said:
You're right. That's exactly what it is. When everyone believes that all they need to do is hop on the high-speed hope wagon to the promised land, you just know the wheels are gonna come off.
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I don't get how a 10 year forecast and months and years walking the deserts of the crypto winters is a get rich quick scheme.
 
Frederick Foresight said:
You're right. That's exactly what it is. When everyone believes that all they need to do is hop on the high-speed hope wagon to the promised land, you just know the wheels are gonna come off.
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Promised Land,walking the deserts of the crypto winters.

Perhaps HODLers are the chosen people?
 
semperfrosty said:
'Never met a Bitcoiner I didnt like' haha :D
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Johnarb,

What do you think about an agreement that Fred and Virt have to load up their digital wallets and join us in El Salvador at BTC150?

I think at that point they'd have to give us some credit? This could be their acknowledgement of our..ahem..foresight.We could all become friends over cold beers and Pina coladas.What do ya reckon?
 
semperfrosty said:
Johnarb,

What do you think about an agreement that Fred and Virt have to load up their digital wallets and join us in El Salvador at BTC150?

I think at that point they'd have to give us some credit? This could be their acknowledgement of our..ahem..foresight.We could all become friends over cold beers and Pina coladas.What do ya reckon?
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We'll make it official via digital contract(Ethereum will be thriving by then).

I know what one of their lines will be over a frosty Suprema though:"Even a broken cult is right twice a year". hahaha. Hilarity will ensue.Baron will call for another round.Friends for life! hahaha
 
semperfrosty said:
We'll make it official via digital contract(Ethereum will be thriving by then).

I know what one of their lines will be over a frosty Suprema though:"Even a broken cult is right twice a year". hahaha. Hilarity will ensue.Baron will call for another round.Friends for life! hahaha
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I can see @Baron being more of a 'shots!!' sort of guy so its gonna be a wild ride lads!
 
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