RE: Are You Waiting to Buy Cryptocurrency?
Great post! The ongoing market frenzy, maybe some fomo (fear of missing out), some cool trading activities.. i thinking similar, but because i'm learning every day of all the opportunities, some Steemians give me new insights or just by researching, i hop from time to time if i see a better investment. And nothing is easier in the cryptoworld. But i'm basically an long term HODL'er and will calm down until i'm more familiar with the market.
Valuation is another thing which cannot be applied so easy like in stock market from what i know and the concerns by Buffett are legitimate because there is so much buzz and guessing about and so less fundamental valuation of this market. And so i think it's high risk with also high return. The volatility like you draw in the historic chart has decreased. I think we'd recently a wave of people like me who are very serious about investing in the market and did also word of mouth to others because of the discover of that fascinating technology and also pure enthusiasm. I thought about that after a comment in one of my posts by @yoganarchista which was a good point. The latter is also a bit dangerous because it could be lead people without any knowledge in the market who are not aware of the risks. A friend asked me recently
"Would you recommend to buy some cryptocurrencies?"
(it was at the alltime high of Bitcoin about $3.000 not long ago) and i said to him"No, i cannot recommend that, i'm invested but i would do no financial advice because it's always high risk! I can just say for me it's a great opportunity but i'm always looking into a crystal ball what's happens next day, week, month or year.. long term i'm very optimistic but you must decide for yourself.
That's very important for me, whether im enthused by that great shift happenening in my lifetime or not.
Now you may say
"That's unfair! You hold him back from one of the greatest opportunities in lifetime!"
.. Yes that could be such chance or was already for some people in the past, but i'd recommended just that he has to decide for himself and i cannot responsible for that. And i thought about that after i'd said it to him, but i would do the same next time.As you can read in one of my recent articles i bought in at the dip and just hopped out 2 days later because i saw a better opportunity, in the end not really because it was partly based on the same currency, Bitcoin and for me it's always important to be part of that great development or in the market. Waiting on the sidelines is nothing for me because it's not necessary in my point of view in the current situation. I'm constantly trying to evaluate the crypto market, find measures with the help of sites like https://coinmarketcap.com/ and wrote about in my latest post.
Thank you!
Nice post. Though I follow you, I missed that one.
Yeah, I've told friends about investing as well. Some jumped in at the all time high in 2013/2014 and then sold for a lost. So sad. For now, I basically give the same advice you did, but I emphasize long-term thinking. The day to day price doesn't matter on that timescale.
yes i think of something like a hickup if we look 5 years later on the chart. I follow a german with the name Horst Lüning on youtube and he often said:
"Wir leben in exponentiellen Zeiten."
"We live in exponential times."
And i think that's so true and also fascinating and a bit scary at the same time because of the singularity theory because nobody knows exactly where this will lead us. Today i heard in radio about a new book which begins with a positive sentiment in the beginning because of the freedom with the information age, the social media platforms like Steemit and all the comfortable technology we use and shifted then to a dystopy where we all bear many tiny cameras with us and were just glassy human and ended with the question:
"What remains in the end if we gave everything of us, our innermost part, our privacy to technology?"
My 6 year old son looked at me with big eyes and i looked back the same.. and surpringly he said..
"nothing"
i only nodded, it was a bit scary experience, i felt it in my stomach, man 😲 but i'm optimistic that we do it to improve our lifes!
Where i'm also always a bit distracted is when it comes to implants or upgrades of the human body like shown in the video at 1:27 (he speaks english)
Is that just logical step up for us.. the funny thing it automatically leads to other topics, so i stop here. The thing is just, it's a very fast development and we surprise ourselves every day i think, just exciting times for me.. and it is already in the mainstream media.. ARD is a channel supported by state of germany.
Heh. Interesting video (though I could only understand the English part). I think many are afraid of transhumanism because it's unfamiliar. As soon as everyone has a chip or an enhancement, it won't be that big of a deal. This computer is an enhancement as is my smart phone and the glasses on my head.
Times are changing, but that's one of the few constants we can rely on. We'll change right along with them.