Viewing a response to: @ratnabarman/fk4w757hx
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| author | ancientknowled3 |
|---|---|
| permlink | f33q667hx |
| category | musing-threads |
| json_metadata | "{"app":"Musing","appTags":["cryptocurrency","bitcoin"],"appCategory":"cryptocurrency","appBody":"<p>Never invest more than you can afford to lose</p>\n<p>That is the \"right\" amount. No more, no less. Never risk eating, paying rent, or providing for yourself or family on an investment, no matter how much of a \"sure thing\" it is</p>\n<p>Right now, there are a lot of other coins that offer the possibility of a higher return than bitcoin. They also offer higher chances of going to 0 as well. That's what volatility is all about. Big risk, big reward.</p>\n<p>Bitcoin is my major holding at this time. I believe it will provide steady sustained growth over a long term. Yes, I will miss out on all the coins that go to the moon, but I won't lose my shirt either.</p>\n<p>I have a friend who uses what I call the shotgun method. He buys 10-20 random coins ($500-1000 per coin), waits 6 months and sell. His hope is to catch 1 of those 20 coins when it goes to the moon.</p>\n<p>So far he has lost over $8K in 4 years of doing that.</p>\n<p>I prefer the hold and wait method on a good coin (or stock). If it has value it will rise, simple as that</p>","appDepth":2,"appParentPermlink":"fk4w757hx","appParentAuthor":"ratnabarman","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
| created | 2018-10-07 13:19:00 |
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