Quote:
Originally Posted by Pinkmann
I assume plenty of people don't understand the supply element of the equation, so idiots buy stuff that is cheap thinking it could go to 100$. I even had to explain this to a friend of mine who has been into/interested in crypto for years.
I've also explained this to many people. I legit have like 20 people who have bought ETH because of me (and they each have like 4 friends under their belts who bought or are trying to buy, so I hear stories) and now I get 100 texts a day asking about LTC and "I get more coins for my money if I buy this and that."
I'm happy I see this because I get a good market mentality. Like right now I'm fairly certain ETH still goes higher because I still know of 10 people who are trying to get verified to buy, and many more who only dropped like 1k or something that want to get more involved.
THIS MEANS MASSIVE SUPPORT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!
Like I can't stress that enough.
On a last note though, I've always stuck with what I thought was the play long term. And now that I see so many damn morons entering the market, it's almost like it could be profitable again throwing cash at ****coin because it's 2 cents.
What I always stress to my pals is that when this **** bursts, its the real deals that move on. Wondering if I need to change my mentality a bit to do some trading with small market cap ****.