Post
Topic
Board Bitcoin Discussion
Re: You the local Bitcoin joke in town?
by
Kprawn
on 07/01/2020, 07:05:54 UTC
I don’t understand how that could happen because you registered your account in 2014 And it’s impossible to buy your bitcoin only on the year when it came to your all-time high. It’s just not right. Maybe it just happens to be your friend's story But not yourself. This is not cool, lol.

My account registration has nothing to do with this. I bought bitcoins when the price was around $300 and I made very good profits on

those coins. My friends saw this and they wanted to do the same, so I showed them what to do. Unfortunately most of them did not

listen to my advice to buy low and sell high, so they jumped in at the ATH in 2017. I do not blame myself for their mistakes, because I

gave them good advice at the time, they were just greedy. (I even softened the blow to some of them, by covering some of their

losses, with some of profits that I made in previous years.)

OP, I noticed that you always construct your posts in broken paragraphs. Is there something wrong with your keyboard, or monitor/screen?

About Bitcoin, the bear market will never go on forever. Cool

There is nothing wrong with my screen.  Wink  It is just the way I post. I hate a wall of text and it just makes it easier to read.  Grin

~snip~

Friendly financial consulting is not something we should practice, because when it comes to money, even the greatest of friends and even relatives can become great enemies. Personally, I did not push anyone into such problems because I was aware that the balloon would sooner or later burst and that the risk of investing in BTC at the end of 2017 was simply too great.

Anyone who wants to invest in BTC is advised to first acquire some basic knowledge, to understand that it is not easy to be your own bank and to never invest money that is not ready to lose. In addition to the volatility that BTC has, we need to minimize some of the other risks.

Nobody laughs at me because I advised people to invest some money at a time when BTC was only $200, which was really good advice as time showed. Today when asked whether to invest in BTC or not, my answer is just "See the BTC history chart and ROI in the first 10 years".

I never sold myself as a financial advisor, just the Bitcoin guy with more knowledge on the subject. I always tell people to remember

that Bitcoin is not an investment, it is actually a currency. If you want to use it as an investment, then you will have to see it as a

high risk/long term investment. I am more than willing to help people to avoid the scams and to give advice on how to buy and sell

bitcoins in a safe environment and not to give them advice on when to buy.  Tongue