Quote from: User705 on February 03, 2018, 12:41:58 AM

Quote from: conspirosphere.tk on February 03, 2018, 12:32:24 AM

Quote from: User705 on February 03, 2018, 12:11:10 AM

I have a friend whos a multi millionaire. Double digits. He got burned on LTC by buying it above $300 when stupid TV was pumping it

If your friend keeps investing like this he won't be a millionaire for long. How could he buy LTC at $300 seeing that it was $4 one year before?
I would not buy even a Van Gogh after an 80X price rise in one year, or even a bitcoin.

People getting investing advice from the TV will get REKT on any market, and they better stay out of crypto, both for themselves and the already scarce sanity of this market. We already have enough pump chasers.

Hes a multi millionaire and will continue to be so because he builds successful businesses but the point was for him bitcoin was just like any other investment. So he thought he was smart and listened to the investment talking heads on Bloomberg. Yes it sucks for him but he wasnt stupid and bought too much or mortgaged his house for it but the point I was trying to make is that this segment of the population might not be coming back to Bitcoin right now. Ill keep pinging him and eventually the lightbulb will go off but it wont be tomorrow or in a month. Again totally anecdotal evidence. Dont use this to trade. LOL

One can't help but wonder how "builds successful businesses" and listening to "investment talking head on Bloomberg" about crypto can mix in the same phrase.

Eth.