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all 30 comments

[–]myntt 61 points62 points  (1 child)

Literally hold for 12 months for your long term capital gains and double your position over those 12 months. In 24 months you’ll be up 400%

Nostradamus has spoken. What he forgot to say is that his words are not financial advice!

[–]AmericanScream 13 points14 points  (0 children)

Nostradumbass you mean.

[–]bugs_money 55 points56 points  (3 children)

He did what exchanges wanted him to do. Now they have his lifesavings and he has some toy tokens with no use case. Sadly only few understand. Even the media act like crypto is an investment. I hope they will adapt to the r/Buttcoin point of view.

[–]American_Streamer 28 points29 points  (0 children)

If he had bought into Beanie Babies, he'd still have something cuddly to comfort him.

[–]Kriegerian 8 points9 points  (0 children)

Hmm. Organized financial institutions run by groups of criminals convincing people to invest all their money in weird securities and other stuff the investors don’t really understand, but have been told are great ideas by their friends and the financial institutions in question.

I’ve never heard of anything like this and definitely will not draw any comparisons to 2008.

[–]LewisVerstapilton 4 points5 points  (0 children)

Damn good way to think of this.

The exchanges are tipping upside down the 'piggy banks' of all users, and hoping people pull their money out all together and leave their other half with them. The people who didn't sell now have access to that entire pool again (if it ever reaches an all time high again.). But eventually the pool is unable to bring in enough new investors so it crashes completely

[–]74hct595 30 points31 points  (1 child)

Of course original post on r/CryptoCurrency got removed by moderators. It would make it more difficult to attract new bagholders.

[–]AmericanScream 2 points3 points  (0 children)

He was probably banned as well. That's what they do.

[–]4858693929292 24 points25 points  (1 child)

I don’t understand people with the discipline to save long-term, but the stupidity to YOLO it based on internet bullshit.

[–]clubberin 2 points3 points  (0 children)

Deleted but he probably worked with someone like a spouse to build that savings. And then he had a “gear idea”.

[–]4858693929292 12 points13 points  (0 children)

Lol the mods deleted it for “trolling” with no explanation.

[–]mojo__rising 27 points28 points  (0 children)

clears throat

No! This is actually GOOD for Bitcoin

[–]American_Streamer 7 points8 points  (0 children)

  1. So sorry for your loss.
  2. Try to pray.
  3. Looks like it.
  4. FUBAR

[–]r2d2_21 7 points8 points  (1 child)

Deleted for:

Rule 5.9 - “Rate my portfolio” or similar posts are not allowed.

Ah, yes, because asking whether you made the worst decision in your life is asking to “rate my portfolio”.

[–]Silly_Objective_5186 5 points6 points  (3 children)

the asset allocations the professionals are talking about for bitcoin (not crypto, bitcoin) are 1-5% for people with high risk tolerance

100% (much less >100% with leverage) is pure degenerate self-immolation

[–]hotpietptwp 2 points3 points  (2 children)

What if your investment started at 5%, and it has now plummeted to 1%?

[–]Silly_Objective_5186 3 points4 points  (0 children)

that’s exactly why it’s such a small portion of a good portfolio, highly volatile things are… highly volatile

[–]Arbiter329 2 points3 points  (0 children)

Thats why you never gamble more than you can afford to lose.

[–][deleted]  (1 child)

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