First thing is that here i put my opinions, my thoughts and is not a financial or trading advice. Take your time to learn and read about it and all actions you take, are your own responsibility. I can't make choices for anybody, just sharing what i learned and think is best for me.
Seeing all this "BIG" news from all around the places makes me feel that i take part in the real beginning of the bitcoin world. Fake, FUD, funny news , memes, haters, extreme fanboys makes you feel strange at the beginning of the crypto journey.
But after first wave of this news, movements and changes you start to get excited of what will be next.
The main thing to do, in my opinion is to HODL! (see here what it means).
It doesn't matter how you entered, it matters what you do after it. If you sell in the downward trend you'll be in the loss and maybe in a big one.
There are some advice that i learned at the beginning:
- Don't invest more than you can afford to lose (don't sell your house or use food or rent money to do that)
- "Never put all your eggs in one basket" - it is a quote but don't know who said it
- Don't lose trading (trade only when you gain, even only 1%)
- Don't get emotional (hypes are good, but keep them out of transactions)
- Avoid FUD and FOMO
- If you sell, don't sell all your positions (just take some profits at some point)
- If you realy want to sell all - sell in few steps - let's say 20% at a time for 5 times, after watching the market. Maybe it is only 1 day low then it goes up again and you haven't sold all to a low price
- Understant the market and what really happen with it - make your own research to understand what is going on and what has value - the first thing is to check the crypto coin websites and their social to see if they really do what they said and then the main channels
some explanations for bitcoin world terms here:
Best sentence to induce FOMO?
Crypto Terminology for beginners
Best sentence to induce FOMO?
Crypto Terminology for beginners
So, when you're building your first portfolio it can be
- only bitcoin and you can choose to have only bitcoin for long term. And that's it. The main thing here is to hold them in your personal wallet (hardware or cold storage) to be sure you have them not an exchange or other third party. Then, you are a bitcoin HODLer. No matter what media says, you will keep them on a long term, you decide how much (3,5, 10 years).
- or a diversified portfolio, which at the beginning can be at around 5 main coins (real projects) - usually, here is a basic rule 50% in bitcoin and the rest in other altcoins.
Bitcoin is an alternative to everyone against more and more debt that us and other countries keeps making it without a chance to pay it. Bitcoin can be an alternative to corruption (mainly in corrupt governments policies) and to central banking systems that just ruins all the modern world.
FUD and TRUST
Lol, first recent "altruist" person who "really loves you as people not as cattle with money... yeah right" is Jamie Dimon.
WOW, i haven't sen this video till now (link below the quote)... he looks like a dictator when speaking with so much passion that US dollar is the only thing that will exist on this planet... I thought people were exaggerating, hmmm.
Quote from interview:
Quote from interview:
there will be no real non controlled currency in the world. There is no government that is gonna put up with it for long. It is kind of cute now.... THER WILL BE NO currency that gets around the government control. The technology will be used. It maybe used to transport currency but it will be US dollars the main one...
Here is the 1.23 min VIDEO interview on fortune.com:
Jamie Dimon: Bitcoin Is a Fraud, But Blockchain Is Good | Fortune.com
He said, that if the "DOJ... it will say that's illegal currency and if you do it again it will put you in jail, its over.
(i don't understand that name who mention at 0:29 there and who it is, so sorry for that)
Is he maybe with bitcoin from the beginning...? or he just want to enter at a low position and made this FUD now together with the China's bans game? Only they know.
We'll see that in the next 5 years. For sure not now ;-)
So, Blockchain and technolgy is good to be "stealed" and used but bitcoin not. Take only what he likes from it, the rest go to... trash because us said that. Hmm, and who's the "honest one" here?
Lol again, read this tweet here: Bart Stephens @pbartstephens Sep 12 While Jamie Dimon of @jpmorgan was bashing #bitcoin, his SF office was hosting @blockchaincap @PanteraCapital @BoostVC and @polychainfund 樂 pic.twitter.com/0D6Ul1YSdy
So he likes it, but want it only for technology. Who use it will be get fired and then in jail. Nice view he have. Ban and kill if not doing as he said. Good future people will have with guys like him, right? hush
And tell us why people like John MacAfee and Bill Gates believes in it?
and to stop Jaime fear: Digital Currencies Won't Kill the Dollar - Bloomberg
Watch this kind of people that haven't got a real purpose except to make money and.. that's all what he cares. And also to put you in jail.
So, you could trust some of his real opinions, but things that are made with so much "hate"... "altruism" are kind of funny at some point. Whatever...
Watch thinkings like
"this guy is legit, it is the ceo of who knows what.." or other people"that they know what are they saying" without look after what they really are and do - nobody is legit to say something in this crypto world. Scams don't come only from shady people. They can come from big trusted people.
Oh, that they will force to stop, it is another thing. They have the power to do that. But, if bitcoin world projects are correct, the future may show us a good solution to that problem.
Also, when see FUD don't say it's fake, don't ignore it, go analyze it, look at what people say about and what arguments have about, but spreading it it doesn't help. Take a stand at the beginning, when you are investing not in bearish moments with fear and taking loss.
So... i made this post finally after seeing all the news and comments lately.
It is what it is and for now, we "the sheeps" must complain with what big people say. But let's hope, soon it will not be in control of only 4-5 people on the planet and we, small people can live in a safer world.
All the time there are good & bad things for everything, but evolving means adapting to new movements not to ban them and kill people for wanting truth.
All the time there are good & bad things for everything, but evolving means adapting to new movements not to ban them and kill people for wanting truth.
Nothing is perfect and it will never be. People will fear always of the unknown and will believe only after it happens. That's the way we are built.
Till the next step in crypto world, we can only watch what happens.
Feel free to comment and say what you think about it and share the... love with a resteem and on other social media
Cheers to all
my other crypto news: R3 startup has Sued RIPPLE - Blockchain companies backed by big banks — Steemit plus more on my blog
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Bitcoin FUD / SLAP / or new BEGINNING - WHAT TO DO in this moments (Jaime Dimon threats, China bans) - september 15, 2017 — Steemit
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