Quote from: AnnaCepesh on January 08, 2018, 07:46:24 PM

Quote from: Flying Hellfish on December 27, 2017, 02:34:59 PM

Quote from: AnnaCepesh on December 27, 2017, 09:47:42 AM

Thank you. What I see a lot around this forum is advertisement of services like one that you have under each message, I will definitely wright about this significant detail, but still I can't find the proper way of interpretation. All this casinos, free coins, lotteries, etc. are like huge machine of desire, something very similar to mythology of Las Vegas - accessible easy money. Things like this must work only in pair with context of wealth, that is not possible anymore outside BTC cause of disillusionment, tiredness and financial crisis in the world. Am I right?

It took me a really long time to start to understand this place too. This is a Libertarian site largely. Satoshi didn't trust the gov/system, neither do Libertarians it was a natural fit. It can be argued that without the support of the Libertarian community at the very beginning BTC would have died. The Libertarians are still here in decent numbers.

Now fast forward several years and BTC starts to come out of the Libertarian community as word spreads.
Joe or Jane six pack hears about all the things like the economic turmoil globally, bail outs, Governments running out of money. They see with their own eyes the financial raping with fees and such. Add to that the traditional financial sector is sooooo complicated and riddled with fees that Joe and Jane can't even begin to understand it, so pay and trust someone else to do it for you, more fees! It's not hard now to see why their trust in traditional systems starts to erode.

Joe and Jane hear about this trustless, low fee alternative that has been preforming insanely and they are intrigued! Some invest, some don't. My investment adviser has long told me about diversification, so for me diversifying outside the traditional financial sector made a lot of sense. In 2013 my adviser called me a fool for looking at "this internet ponzi scheme" LOL. I am happy I didn't listen to him, he is no longer my adviser!

Do we/have we hit the point of inertia yet where it just goes on its own like a beautiful celestial body no one controls, dunno, only time will tell. Strap in for the ride with us and we will find out!

Good Luck,
FH

This is a very beautiful explanation, your adviser never ever suggested you to invest in a book business, you definitely have a taste for the word Roll Eyes

Diversification really makes a lot of sense with investment portfolio and there is nothing more efficient, that's clear. But when it comes to BTC and altcoins you are basically dealing with one market pointed in BTC? So did you expand the area of interest to the altcoin direction and if yes could you recommend do not fix the attention on BTC only?

Thank you! No one has ever said I should be in the book business before

I have been told I should have been a teacher or public speaker but I decided that the freedom of being in sales was more up my ally and a sufficient use of my talents!

When you ask about further diversification I personally do dabble in a couple of other coins. The real problem with crypto's right now is the "Wild West" syndrome we have. This type of market creates a virtual cesspool and attracts all the scum bags. But does regulation make it better?? Fee's fee's and more fee's please! What a conundrum we have eh? Wink

I personally can't justify the risk reward for almost all "shit coins" there's just too damn many of them. I've never participated in an ICO and no plans to in the future unless the market changes dramatically.

If a coin can prove itself and possibly be useful (in my estimation of useful LOL) then I might consider it for investing. I'm not a trader I buy or mine and hold what I can afford to and sell the rest. For me LTC and ETH are the only other 2 coins I have besides BTC. I'm sure there's other decent coins but those 3 are more than enough to fill my crypto investment budget!

I think the blockchain technology is beautiful, a digital sexy godess and the things we will see the tech applied to in the future will be fuckin awesome (pardon my french Grin

).

But I have to live in reality and the risks are VERY real in my mind so I invest in my real world comfort level and live with the outcome!