Originally Posted by Lex Luthor:
True story. I had a couple of modest investments in Ethereum and Ripple back when the prices were steadily going up for all crypto currencies. Then I read multiple posts by Taco John extolling the virtues of Ripple and other crypto currencies, and I thought about how Taco John is consistently and spectacularly WRONG about EVERYTHING, I decided to dump all of my crypto investements. I even posted about it at the time in this thread.
The moral of the story: Whatever Taco John thinks and does, you should always think and do the opposite. It’s a fool-proof strategy for investing and life. Taco John IS George Costanza.
you just don’t get it. Taco John gets it. You’re just blind. He’s not the leader we want;he’s the one we deserve. Sheep. [Reply]
Originally Posted by 'Hamas' Jenkins: :-):-):-):-)
Taco John did the exact opposite you needed to do in crpyto this year. During periods of crypto recession, you want to move your crypto portfolio to almost solely the big boys such as Bitcoin and Ethereum. They lost their value the least in the last year. While alot of alt coins burned up or lost way way more of their value compared to bitcoin.
I do expect Bitcoin to be back. I think Monero is a good coin as well for a successful alt due to it's privacy features but by far and large most alts are just a gimmick. What you saw was Bitcoin being manipulated in price once Wall Street guys got involved. The true price of bitcoin probably lies in between the price it was before the bull run and the top ($19,800). There is no reason to believe it won't become 10k again someday. [Reply]
Originally Posted by BWillie:
Taco John did the exact opposite you needed to do in crpyto. During periods of crypto recession, you want to move your crypto portfolio to almost solely the big boys such as Bitcoin and Ethereum. They lost their value the least in the last year. While alot of alt coins burned up or lost way way more of their value compared to bitcoin.
I do expect Bitcoin to be back. I think Monero is a good coin as well for a successful alt due to it's privacy features but by far and large most alts are just a gimmick. What you saw was Bitcoin being manipulated in price one Wall Street guys got involved. The true price of bitcoin probably lies in between the price it was before the bull run and the top ($19,800). There is no reason to believe it won't become 10k again someday.
It was a classic speculative bubble. While some assets regain value, many are revealed as eminently worthless. The dot-com bubble is proof positive of that. [Reply]
Originally Posted by Lex Luthor:
True story. I had a couple of modest investments in Ethereum and Ripple back when the prices were steadily going up for all crypto currencies. Then I read multiple posts by Taco John extolling the virtues of Ripple and other crypto currencies, and I thought about how Taco John is consistently and spectacularly WRONG about EVERYTHING, I decided to dump all of my crypto investements. I even posted about it at the time in this thread.
The moral of the story: Whatever Taco John thinks and does, you should always think and do the opposite. It’s a fool-proof strategy for investing and life. Taco John IS George Costanza.
One of the reasons cypto made such a perfect bubble is that they are very hard to short. If it was possible to invest your money shorting every prediction Taco John made you could make a real good living off of that. [Reply]
The fibers of bitcoin will be ripped and then bitcoin will be fed whey protein shakes and by logging off and restarting servers gains will be had. [Reply]
