That’s why I just hold. You don’t lose until you sell. And I look at things in terms of BTC. Etherum has gained against BTC over the course of this year. Same with my Doge Coin. If you look at crypto as long term, you don’t need to worry about pumps and dumps. Just add a little here and there. If you try to time things, you will lose. I’ve done well with crypto over the last 3 years. If it all goes to zero and dies out, I’m still on top. If it keeps doing what it’s doing, I’ll retire young and become a full time hobby trapper
ETH all-time high is .120 BTC in 2017. Current price .064 BTC Roughly -50%
DOGE all-time high is .000011650 BTC earlier this year. Current price .00000380 BTC. Roughly -70%
I am legit flabbergasted that only 1 person on this entire forum, and in this entire conversation actually understands what's going on.... And it's you Mr DecoyMacoy
The others... The ones claiming their victories in crypto (LOL ps only losers and liars share their gains...) They come off as people that know just enough to be dangerous.
These types of people will learn the hard way that it isn't all about gains, and that your gains are not proof of your brilliance.
Bitcoin is a meshnet sublayer, it exists between individuals without oversight.
Governments can only ever control the on/off ramps. That is their pressure point.
Taxation becomes voluntary/donation under Bitcoin. Your wealth cannot be confiscated when it is in Bitcoin.
EXAMPLE
Imagine living beside a Creek peppered with visible-to-the-naked-eye gold nuggets up to the size of a baseball during the gold rush and going "i don't wanna learn about gold. That's for the next generation. I don't understand it, and don't want to try"
That's how everyone here sounds that is against learning about Bitcoin. LOL, you're literally stepping over wealth because you're too stubborn to learn something new.
PS all crypto are coins. DO NOT HODL ANY OF THEM. Play the Casino and make some bucks if you want, but they are NOT for hodl'ing.
Every time the government prints a dollar, they are stealing from your savings. If you hold savings in fiat you're playing a losing game. Your money has a timer on it. It begins to degrade the second you take possession of it.
HERE IS THE SIMPLE EXPLANATION, no tech talk... No BIPs, No S19s, No Taproot, No segwit, No timechains, no blah blah blah... Just a simple FACT.
If you want to bet against the Dollar/Government. Then buy Bitcoin.
That's it. That's the statement. If you think they are going to continue to inflate, control, 'fortify' the dollar, and you think that is bad, then start learnin' about Bitcoin...
It's not as complex and ethereal as people make it seem.
Stack Skills, and Stack Sats. That's how you're GMI. Self-sovereignty. Self-custody. RESPONSIBILITY. Are you scaaaaared to self-custody your wealth? Do you needs the fwendly bankers????? Stop being weak. Learn the game. Fiat is a time bomb, and Bitcoin is the blast shield.
If you believed in gold, and understood why it worked as well as it did for so long, then you can absolutely learn to understand Bitcoin. Trappers are the most clever and resourceful group of psychos i've ever met outside of a prison... Stop acting tough and full of faux-bluster and just plucking evolve a little, and learn about something that will BENEFIT you and yours.
******This is not financial advice, these are simply opinions. Also, Breedlove is a poser snakeoil salesman and can eat a Bic. Money is NOT time, and Breedlove is a waste of time.
Sats = Seeds.... Treat them accordingly...
Oh and one more thing...... This fud of "it's too late to make money in Bitcoin" LOL you're NGMI.... What is an asinine baseless statement. And It's not about gains and greed, it's about protecting individual wealth. If you're in it for the gains, then you already don't understand it. But if you want gains, then that's easy enough, plenty of options with LN, Nodes, Mining, etc........... Have you ever considered owning Bitcoin and collateralizing it for fiat loans, avoiding any cap. gains issues? There are many ways to approach the rabbit hole... Avoiding entirely should not be the one your choose.
I'm happy for you if you made gains in crypto. I did the same at a roulette wheel once... It didn't make me a genius either.