So after this BTC halving, should I invest a ton of money or what?

Rev. Night said:
Do explain
Click to expand...


I'll simply say, I used to enthusiastically evangelize Bitcoin to everyone I knew - friends, family, co-workers, perfect strangers on the internet etc. It was out of a genuine desire to both share the marvel of Bitcoin's mechanism design as well as to help people achieve financial freedom. From the moment I read the white paper It was painfully obvious that Bitcoin was revolutionary. My only regret was I didn't discover it sooner (too "busy" playing SC2) but as they say, everyone gets Bitcoin at the price he/she deserves.

Long story short, very, very few people took my "advice". I can count their number on one hand with fingers to spare. To me the asymmetric bet that was Bitcoin was overwhelmingly positive and thus a no-brainer (i.e. at worst you lose what you put in, at best you 100-1000x your investment) but I heard everything from "it's a scam", "it's too risky", to "You're wrong because I understand the world better than you", or accusations of trying to hype my bags / drive exit liquidity (ridiculous yet flattering for them to think I was such a whale).

While my thesis for Bitcoin has not changed (it's the beneficiary of an overwhelming convergence of super-secular trends), I no longer talk about it anywhere. These days advocating can easily be misinterpreted as (gauche) bragging and any attempts to "help" or educate are inevitably shouted down by those embittered they "missed the boat" (which couldn't be further from the truth) or environmental warriors armed with the shallowest understanding of the factors at play. I suspect most of the OGs stay silent for similar reasons and/or likely they are just off enjoying life. I myself have retired (very) early - blessedly free of a 9-5 grind - and spend my time enjoying family, putzing around with hobbies, traveling, lurking internet forums, and pursuing meaning outside of a culture dominated by "productivity".
 
Bitcoin seem to have shown by now what it is good at (storage of value, in a world where some company paid negative rate of Bonds... being obvious) and what it is not so good at (for day to day low amount transactions, cost-speed seem nothing special but also the amount of transaction that do require trust between the 2 party or a third one that both trust is really large)

Does it need much proselytism, isn't most of it already "outthere" in the wild to see ?
 
hardware_failure said:
Does anyone have any suggestions for an AI bot to trade crypto for a beginner?
Click to expand...
if you're a beginner there is zero chance of making money with some majic ai.

you can still swing trade ether. ie buy when its 2300-2500 and sell when you find profit. Its being artif8icially kept down which provid3es stability.

Its hard enough to even find a exchange that will let you easily trade fairly, making bot trading even more difficult.
 
cdabc123 said:
if you're a beginner there is zero chance of making money with some majic ai.

you can still swing trade ether. ie buy when its 2300-2500 and sell when you find profit. Its being artif8icially kept down which provid3es stability.

Its hard enough to even find a exchange that will let you easily trade fairly, making bot trading even more difficult.
Click to expand...
Thanks for the input. I wasnt looking to day or swing trade, maybe even an alert system of big highs or lows gains/losses monthy or bi-monthly.

Thats called reading or look at a chart right? Well Im lazy and forget.

I have a 401k and some crypto that I play with, but I dont really check it that often.
 
Last edited:
My schwab automated acct is almost matching the sp500 with $75 invested bi-monthly, which I guess is better than nothing. That's about the laziest way to go (aside from buying once and holding to oblivion), so I guess the returns should match the effort.
 
Nobu said:
My schwab automated acct is almost matching the sp500 with $75 invested bi-monthly, which I guess is better than nothing. That's about the laziest way to go (aside from buying once and holding to oblivion), so I guess the returns should match the effort.
Click to expand...
Thus the inquery of AI :)
 
hardware_failure said:
maybe even an alert system of big highs or lows gains/losses monthy or bi-monthly.
Click to expand...

Coinbase allows you to set up alerts to help you time your trades. Standard alerts tell you when an asset is at a high/low for the past 7 or 30 days.

Just like anything else, it's a game of buy low, sell high. The trick is in guessing when it's near a new floor or ceiling. As with most any market, there's too much of a human factor for that to be predicted with an algorithm.
 
You must log in or register to reply here.
Back
Top