Quote from: Rogerdale on March 31, 2017, 01:58:42 PM

Quote from: eduffield on March 30, 2017, 04:06:20 PM

When I studied for my series 65, I came by some information about why trading sort term doesn't work long term. It's all based on internal bias, the people all eventually go broke (or more likely they tread water when you include the fees/taxation in the mix). I guess it's the governments that are the true beneficiaries of behavior like that long term. It's really difficult to do it correctly, it's much easier to find projects you agree with on a philosophical level, fundamental level, then just put your money on them. If your vision of the future is correct and you're aligned with the correct concepts you'll make money and the free market will work properly.

We need traders, but it's like we need miners. Neither make money on the network until they're expert level.

Further more, everyone is used to trading inflationary markets, or denominated markets (assets like stocks that have linear growth models, gold markets, silver markets, etc). We are a new type of medium that has a growth potential that is deflationary and exponential in nature. It's extremely dangerous for traditional minded traders to wrap their minds around to understand how dangerous that actually is. We have barely begun to start growing. A word of caution I think is in order.

Now I understand why that pump happened and who got most of profits. Good job, Evan, good job, you earned a lot...

I hope all investors see now what kind of asset they are holding.

I think everyone knows $100 was an artificial floor and that level price couldn't survive. Even at the current level it's still very risky to buy it will be dump to around $30-$25 in next week than it would be good time to take place.