RE:How the loud & stupid have fallen!I bought because of the Crypto craze. My mistake was selling too early and then buying back too high.
mrmomo wrote: I hope some of you folks who had bought around a dime & have been holding on for some time (some for several years lol) sold out when this garbage went to an eye popping but insane level of .80 cents!!!! Compliments of the FOMO marching dummies! Who Btw don't care who or what they buy as long as it goes straight up Robinhood style.....lol...No wonder the once mighty American citizen is de-evolving at such a rapid pace and being replaced & displaced by a new & improved group of folks. When you see a mass of people fall for stuff like this, you can't help but wonder. Have we fallen so low? Well, enough of the philosphical discussion & commentary....onward with the core of the matter!
Just popped in too see my old friends and see how everyone is coping with these very stressfull times. I might of gotten out a little early & missed that blow off top BUT due to my ability to reinvest those monies.....i didn't suffer that much of opportunity cost. On the other hand, for the rest of you folks, i don't know what's worse. Hold for a few years with an average cost of below 0.15 and NOT selling at the top or being that fool that got duped & bought at the extreme top. I seriously don't which is worse, as a case for both could be made. I on the other hand & anyone who followed my advice....would have avoided both traps!
I still can't believe it! Buying a company's stock with no assets, no revenue & dubious mgmt at a Market cap of $150M+!!!!. Who knew people could be so gullible, greed & dumb! As this is a board for not only for personal commentary & opinions but one for investors to also share their ideas, i will share a few more predictions in the hopes to maybe save a few folks more pain! In the next coming weeks, i fully expect Bitcoin to probably touch $35K-$40k and dragging the whole sector along with it. As more mature, stable, proven & reliable companies like Riot, Marathon, Hut8, Hive & DMG will most likely weather this storm with little impact, highly speculative plays like Cryptocrap unfortunately will not! So i fully expect Cryptocrap to revisit those greusome lowly levels of 0.25 AGAIN. Unless mgmt can produce results! So if you decide to hold on here, you better get on those battle scared knees of yours and either pray to whatever god you praise for a miracle OR hope mgmt comes through with something! LOL, if i was a betting man i'd bet on the former....as the odds favor that outcome much more. Enjoy!
Good luck & God speed