Quote from: Predict0r on July 08, 2018, 05:47:20 PM

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Have fun with your mutual funds, you may finally be rich by age 100.

Thanks, I have had fun and will be rich long before 100.

BTW mutual funds are long-term. Which is the approach everyone here recommends - now that getting rich quick didn't work out.

the get-rich-quickers are getting washed out of the market as we speak. a market dropping 70% from the highs will do that. Wink

doesn't mean the long term uptrend is threatened or that mutual funds are in the same league of returns......

Quote from: Predict0r on July 08, 2018, 05:47:20 PM

My advice is simply to learn from your mistake, and don't make it worse based on slogans, dreaming, groupthink, and slanted advice in general. Just look at who's stirring the pot... the coin exchanges. They're the only ones who continually make money out of this.

If you must invest in crypto, sell now and buy back in at $400. That at least isn't obviously dumb. The market may be pumped again someday. Or put your money in a real investment.

i'll acknowledge this is still officially a bear market and we could go far lower. but $400 just isn't realistic. the lowest (% wise) we've ever dropped was after the 2011 bubble. that equivalent would put us at ~ $1000, worst case. every other bubble correction landed higher (2012, april 2013, november 2013).

based on history, aiming for $1000 is low probability and $400 is a pipe dream.