HODL til 2024 Crypto Bull Run - Page 24

Gustoo · #**231** 11-08-2021, 04:13 PM

Good responses Castle thanks.

Castle2.0 · #**232** 11-08-2021, 04:27 PM

Most people don't have much money, and their personal experience leads them to believe there isn't much money in the world.

The world is swimming in money.

BTC going to $10T market cap is easy.

Let this blow your mind: all the world's money visualized https://www.visualcapitalist.com/all...lization-2020/ (May 2020, but still relevant today)

Tunabros · #**233** 11-08-2021, 04:30 PM

cringe

Gustoo · #**234** 11-08-2021, 05:18 PM

Derivatives are more than the combined total of all other value aspects.

Seems like a good system we should expect to succeed for years to come.

Jibartik · #**235** 11-08-2021, 05:30 PM

Im pretty sure you could convince half the country to make bitcoin illegal.

Castle2.0 · #**236** 11-08-2021, 05:33 PM

People that make money find a way.

People that don't make money think of all the reasons they can't make money or all the ways they could lose what little they have.

Cheers.

Gatordash · #**237** 11-08-2021, 05:48 PM

Quote:

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

This is not financial advice. But if I ever were to give financial advice, this would be the most sound, most fool-proof.

lol what a quote. I really hope it works out for you, but you need to take the 'get rich quick' stuff with a grain of salt. I hope you've at least slightly diversified your investments.

Castle2.0 · #**238** 11-08-2021, 06:00 PM

The majority of my wealth/savings is in crypto, largely BTC. I make some investments in altcoins, such as HNT (we just 3x'd.) US has been seriously discussing killing 1031 exchange so I don't want to be in RE.

BTC has been the best investment by far since 2009.

It's not get rich quick. It's "preserve wealth now."

BTC is only seen as "get rich quick" to people that don't understand it. So now I know, you just don't understand it.

Don't feel bad, most people didn't understand the internet in 1998.

Gatordash · #**239** 11-08-2021, 07:19 PM

Quote:

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

The majority of my wealth/savings is in crypto, largely BTC. I make some investments in altcoins, such as HNT (we just 3x'd.) US has been seriously discussing killing 1031 exchange so I don't want to be in RE.

BTC has been the best investment by far since 2009.

It's not get rich quick. It's "preserve wealth now."

BTC is only seen as "get rich quick" to people that don't understand it. So now I know, you just don't understand it.

Don't feel bad, most people didn't understand the internet in 1998.

I definitely don't feel bad. I also hope you hit it big. Its just got a lot of get rich quick vibes. Squidgame coins. AMC coins. Dogecoin. Lots of things just not adding up. And not adding up in all markets, not just crypto. P/E Ratios are like 5-10 times earnings right now. I think its just a tough time to go all in on one area imo. People should be diversifying their investments to reduce risk. (This is also not financial advice. But if I ever were to also give financial advice, this would be the most sound, most fool-proof. [You must be logged in to view images. Log in or Register.]

Castle2.0 · #**240** 11-08-2021, 08:53 PM

Quote:

Originally Posted by Gatordash

Its just got a lot of get rich quick vibes. Squidgame coins. AMC coins. Dogecoin. Lots of things just not adding up. And not adding up in all markets, not just crypto. P/E Ratios are like 5-10 times earnings right now. I think its just a tough time to go all in on one area imo. People should be diversifying their investments to reduce risk.

100% agree on your first point. Lots of scams in crypto. Lots of crapcoins with no value. Lots of pump n dump, rug pull, self-serving BS. 100% this. It's true with the stock market except less outright scams. Mostly "this penny stock will go the moon."

I don't touch doge, shiba inu, or any other meme/crap coin.

My initial fascination with BTC in 2010 (yes, I wish I bought more and held longer - no, I am not a BTC millionaire) was philosophical: honest money. I didn't think it would do as well as it has, but now I see it's inevitable. Simply having a store of value that cannot be inflated... so simple yet so powerful.

Your second point I 100% disagree with. Growing wealth doesn't come through diversification. It comes through heavily focused, smart investing. You need to "put your eggs all in one basket, then watch that basket."

Once I am 9 figures, then I'll diversify for wealth preservation.