I do remember rpietila specifically recommending some fairly conservative ratios with regard to speculations in XMR vs holdings in BTC. So many of these people who have seemingly gone 'all in' have done so against the advice of people they're supposed to be following.
True, I remember that. I think the number was something like 40/1 but I might be mistaken. It was definitely a recommendation to keep your XMR exposure limited relative to BTC and also I think to keep your BTC exposure limited as well.
It is funny how people cherry pick the quotes they want to make a point and ignore others.
I expect that things will calm down with regard to Monero rhetoric after all that has happened in the last month. The amount of drama has been unparalleled and spawned zealotry on both sides.
I hope you are right!
People should always remember that many of the people they follow are already wealthy individuals who can afford to lose. Just because they speculate on something doesn't mean that you should too. Everyone needs to be in control of their own personal financial situation and take some responsibility.
Well said, especially the part about other people you may follow being wealthy and not to be copied by others in a very different position.
Nice post!
The fact is risto made a colossal fuck up in predicting 1 Million USD BTC price within 2014 to his followers before he was involuntarily detained in pyschiatric facility in finland. (He sold before the peak)
Now he is again in his manic phase- he predicts XMR will go up a thousand times. Surely he will be back in padded cell again soon, not before dumping his load all on unexpecting noobs