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Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

#FOMO Parabolas

EwaDawgEwaDawg Member Posts: 4,207
edited May 2022 in Tug Tavern
Ok. For my crypto and meme brothers. .. . . .


https://www.msn.com/en-us/money/savingandinvesting/big-short-investor-michael-burry-warns-the-mother-of-all-crashes-is-coming-and-predicts-crypto-and-meme-stocks-will-plummet/ar-AALbltE?ocid=msedgntp
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  • greenbloodgreenblood Member Posts: 14,409
    Invest what you can afford to lose. I have about $5k in crypto. If it shoots great, if I lose it all, fuck it.
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  • greenbloodgreenblood Member Posts: 14,409
    edited June 2021
    A large reason for the crash is because of the fact that idiot investors got over-leveraged in it. When people have 50% or more invested in crypto and it dips 20%, they panic.

    I feel the best way to invest in crypto is long term. Pick the projects that have high usage potential and buy them bits at a time. Don’t think about the ups and downs. Buy a little here and a little there, then check your account in about 10 years. Day trading it can be very profitable, but only the hood ones make it long term. Most people get hammered eventually.
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  • PostGameOrangeSlicesPostGameOrangeSlices Member, Swaye's Wigwam Posts: 26,019 Swaye's Wigwam
    greenblood said:

    A large reason for the crash is because of the fact that idiot investors got over-leveraged in it. When people have 50% or more invested in crypto and it dips 20%, they panic.

    I feel the best way to invest in crypto is long term. Pick the projects that have high usage potential and buy them bits at a time. Don’t think about the ups and downs. Buy a little here and a little there, then check your account in about 10 years. Day trading it can be very profitable, but only the hood ones make it long term. Most people get hammered eventually.

    The hood crypto daytraders. Lol
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  • ntxduckntxduck Member Posts: 5,681
    greenblood said:

    A large reason for the crash is because of the fact that idiot investors got over-leveraged in it. When people have 50% or more invested in crypto and it dips 20%, they panic.

    I feel the best way to invest in crypto is long term. Pick the projects that have high usage potential and buy them bits at a time. Don’t think about the ups and downs. Buy a little here and a little there, then check your account in about 10 years. Day trading it can be very profitable, but only the hood ones make it long term. Most people get hammered eventually.

    Buy eth
    Stake eth at 6%
    Check back in a year
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  • greenbloodgreenblood Member Posts: 14,409
    edited June 2021
    ntxduck said:

    greenblood said:

    A large reason for the crash is because of the fact that idiot investors got over-leveraged in it. When people have 50% or more invested in crypto and it dips 20%, they panic.

    I feel the best way to invest in crypto is long term. Pick the projects that have high usage potential and buy them bits at a time. Don’t think about the ups and downs. Buy a little here and a little there, then check your account in about 10 years. Day trading it can be very profitable, but only the hood ones make it long term. Most people get hammered eventually.

    Buy eth
    Stake eth at 6%
    Check back in a year
    I love ETH. 60% of my crypto portfolio is that. I’m also in cardano, matic, chain link and stellar, in smaller amounts
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  • godawgstgodawgst Member, Swaye's Wigwam Posts: 2,501 Founders Club
    Piggybacking on this. What if someone took $100 and invested it in each of the top 50 or 100 Crypto currencies and just walked away for 10 years?

    Would the one or two unicorns make up for the rest of them who more than likely go to zero?
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  • PurpleThrobberPurpleThrobber Member Posts: 44,136 Standard Supporter
    godawgst said:

    Piggybacking on this. What if someone took $100 and invested it in each of the top 50 or 100 Crypto currencies and just walked away for 10 years?

    Would the one or two unicorns make up for the rest of them who more than likely go to zero?

    I’m actually familiar with a guy who has done just that. Except with a couple more zeros attached. Every fucking one of them

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  • greenbloodgreenblood Member Posts: 14,409
    edited June 2021
    PostGameOrangeSlices said:

    greenblood said:

    A large reason for the crash is because of the fact that idiot investors got over-leveraged in it. When people have 50% or more invested in crypto and it dips 20%, they panic.

    I feel the best way to invest in crypto is long term. Pick the projects that have high usage potential and buy them bits at a time. Don’t think about the ups and downs. Buy a little here and a little there, then check your account in about 10 years. Day trading it can be very profitable, but only the hood ones make it long term. Most people get hammered eventually.

    The hood crypto daytraders. Lol
    godawgst said:

    Piggybacking on this. What if someone took $100 and invested it in each of the top 50 or 100 Crypto currencies and just walked away for 10 years?

    Would the one or two unicorns make up for the rest of them who more than likely go to zero?

    You’re assuming that there will only be 1-2 unicorns. If so, then stay out. But if you think there can be 6-7, then yes it’s worth it. Because those 6-7 will be up by multiples by then.
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  • backthepackbackthepack Member Posts: 19,861
    ETH is run by a anorexic nerd with shittier technology than the rich fat guy but less market share and less time to develop his system at cardano. They also have a dedicated organzation like employees around it while ETH is a community only driven project. Give me the rich fat guy with the resources behind him in this one.
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  • greenbloodgreenblood Member Posts: 14,409
    edited June 2021
    backthepack said:

    ETH is run by a anorexic nerd with shittier technology than the rich fat guy but less market share and less time to develop his system at cardano. They also have a dedicated organzation like employees around it while ETH is a community only driven project. Give me the rich fat guy with the resources behind him in this one.

    I’m slowly building my other crypto especially cardano. I think cardano is a great hedge on ETH. Both could do well, but at least one should.
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  • backthepackbackthepack Member Posts: 19,861
    edited June 2021
    greenblood said:

    backthepack said:

    ETH is run by a anorexic nerd with shittier technology than the rich fat guy but less market share and less time to develop his system at cardano. They also have a dedicated organzation like employees around it while ETH is a community only driven project. Give me the rich fat guy with the resources behind him in this one.

    I’m slowly building my other crypto especially cardano. I think cardano is a great hedge on ETH. Both could do well, but at least one should.
    Im putting a bag into crypto after AMC squeezes/bear market is over. Sold most of my cryptos for a 30% profit.
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  • greenbloodgreenblood Member Posts: 14,409
    backthepack said:

    greenblood said:

    backthepack said:

    ETH is run by a anorexic nerd with shittier technology than the rich fat guy but less market share and less time to develop his system at cardano. They also have a dedicated organzation like employees around it while ETH is a community only driven project. Give me the rich fat guy with the resources behind him in this one.

    I’m slowly building my other crypto especially cardano. I think cardano is a great hedge on ETH. Both could do well, but at least one should.
    Im putting a bag into crypto after AMC squeezes/bear market is over. Sold most of my cryptos for a 30% profit.
    Good for you. I’m bag holding right now trying to avg down
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  • KaepskneeKaepsknee Member Posts: 14,885
    ntxduck said:

    greenblood said:

    A large reason for the crash is because of the fact that idiot investors got over-leveraged in it. When people have 50% or more invested in crypto and it dips 20%, they panic.

    I feel the best way to invest in crypto is long term. Pick the projects that have high usage potential and buy them bits at a time. Don’t think about the ups and downs. Buy a little here and a little there, then check your account in about 10 years. Day trading it can be very profitable, but only the hood ones make it long term. Most people get hammered eventually.

    Buy eth
    Stake eth at 6%
    Check back in a year
    I wonder if Doxey uttered these words before going down for the 3rd time.
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  • PostGameOrangeSlicesPostGameOrangeSlices Member, Swaye's Wigwam Posts: 26,019 Swaye's Wigwam
    Kaepsknee said:

    ntxduck said:

    greenblood said:

    A large reason for the crash is because of the fact that idiot investors got over-leveraged in it. When people have 50% or more invested in crypto and it dips 20%, they panic.

    I feel the best way to invest in crypto is long term. Pick the projects that have high usage potential and buy them bits at a time. Don’t think about the ups and downs. Buy a little here and a little there, then check your account in about 10 years. Day trading it can be very profitable, but only the hood ones make it long term. Most people get hammered eventually.

    Buy eth
    Stake eth at 6%
    Check back in a year
    I wonder if Doxey uttered these words before going down for the 3rd time.
    Of all the fucked up memes on this bored, this is the most fucked. Really not even slightly funny.
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  • dirtysouwfdawgdirtysouwfdawg Member, Swaye's Wigwam Posts: 13,022 Swaye's Wigwam
    PostGameOrangeSlices said:

    Kaepsknee said:

    ntxduck said:

    greenblood said:

    A large reason for the crash is because of the fact that idiot investors got over-leveraged in it. When people have 50% or more invested in crypto and it dips 20%, they panic.

    I feel the best way to invest in crypto is long term. Pick the projects that have high usage potential and buy them bits at a time. Don’t think about the ups and downs. Buy a little here and a little there, then check your account in about 10 years. Day trading it can be very profitable, but only the hood ones make it long term. Most people get hammered eventually.

    Buy eth
    Stake eth at 6%
    Check back in a year
    I wonder if Doxey uttered these words before going down for the 3rd time.
    Of all the fucked up memes on this bored, this is the most fucked. Really not even slightly funny.
    I didn’t know we? had any thing that was “too far” here. Chinteresting
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  • PostGameOrangeSlicesPostGameOrangeSlices Member, Swaye's Wigwam Posts: 26,019 Swaye's Wigwam
    dirtysouwfdawg said:

    PostGameOrangeSlices said:

    Kaepsknee said:

    ntxduck said:

    greenblood said:

    A large reason for the crash is because of the fact that idiot investors got over-leveraged in it. When people have 50% or more invested in crypto and it dips 20%, they panic.

    I feel the best way to invest in crypto is long term. Pick the projects that have high usage potential and buy them bits at a time. Don’t think about the ups and downs. Buy a little here and a little there, then check your account in about 10 years. Day trading it can be very profitable, but only the hood ones make it long term. Most people get hammered eventually.

    Buy eth
    Stake eth at 6%
    Check back in a year
    I wonder if Doxey uttered these words before going down for the 3rd time.
    Of all the fucked up memes on this bored, this is the most fucked. Really not even slightly funny.
    I didn’t know we? had any thing that was “too far” here. Chinteresting
    Just my opinion as someone who had a close call with drowning when I got cocky in Hawaii
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  • KaepskneeKaepsknee Member Posts: 14,885
    PostGameOrangeSlices said:

    Kaepsknee said:

    ntxduck said:

    greenblood said:

    A large reason for the crash is because of the fact that idiot investors got over-leveraged in it. When people have 50% or more invested in crypto and it dips 20%, they panic.

    I feel the best way to invest in crypto is long term. Pick the projects that have high usage potential and buy them bits at a time. Don’t think about the ups and downs. Buy a little here and a little there, then check your account in about 10 years. Day trading it can be very profitable, but only the hood ones make it long term. Most people get hammered eventually.

    Buy eth
    Stake eth at 6%
    Check back in a year
    I wonder if Doxey uttered these words before going down for the 3rd time.
    Of all the fucked up memes on this bored, this is the most fucked. Really not even slightly funny.
    This isn’t real life, Drama.
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  • PostGameOrangeSlicesPostGameOrangeSlices Member, Swaye's Wigwam Posts: 26,019 Swaye's Wigwam
    Kaepsknee said:

    PostGameOrangeSlices said:

    Kaepsknee said:

    ntxduck said:

    greenblood said:

    A large reason for the crash is because of the fact that idiot investors got over-leveraged in it. When people have 50% or more invested in crypto and it dips 20%, they panic.

    I feel the best way to invest in crypto is long term. Pick the projects that have high usage potential and buy them bits at a time. Don’t think about the ups and downs. Buy a little here and a little there, then check your account in about 10 years. Day trading it can be very profitable, but only the hood ones make it long term. Most people get hammered eventually.

    Buy eth
    Stake eth at 6%
    Check back in a year
    I wonder if Doxey uttered these words before going down for the 3rd time.
    Of all the fucked up memes on this bored, this is the most fucked. Really not even slightly funny.
    This isn’t real life, Drama.
    I get it
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  • CuntWaffleCuntWaffle Member Posts: 22,499
    Ethereum and Cardano are the safe play long term investments and most of my money in Crypto is HODLd there
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  • BasemanBaseman Member Posts: 12,366
    CuntWaffle said:

    Ethereum and Cardano are the safe play long term investments and most of my money in Crypto is HODLd there

    Why not Bitcoin?
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