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Originally posted by texasdeerhunter View PostWhat’s the top end for ripple? If it doubles to $6, then it’s market cap will be basically equal to that of bitcoin. Is that even reasonable? To expect it to be that high? There are way too many ripple coins imo. But I just can’t rationalize it having a higher market cap than bitcoin, while bitcoin is sitting at $15,000. Thoughts? Has ripple reached its top end?
January 2017 there was 61 billion dollars total in crypto currency, December 2017 there was 772 billion [emoji15]
Sent from my iPhone using Tapatalk
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Word to the wise.... This morning was a good indication of how badly alts suffer when king BTC rises, even just 10%... Be wary of going all in on a single alt coin with no track record, no decentralized structure and that has been trading at all time highs..... You miss the dump while you're sleeping and Asia is going nuts, and you'll lose your @%!
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Also don't be stupid guys. If you make 1x or 2x gains, take some dang profit. Don't be slobbering greedy pigs. Noob greed is almost #1 reason for loses. Note that 90% of these alts are vaporware. Keep increasing your BTC through alts, but get out when its good. There is a reason why it is called "Alt SEASON"
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Originally posted by cj776 View Postalso don't be stupid guys. If you make 1x or 2x gains, take some dang profit. Don't be slobbering greedy pigs. Noob greed is almost #1 reason for loses. Note that 90% of these alts are vaporware. Keep increasing your btc through alts, but get out when its good. There is a reason why it is called "alt season"
But all these bowhunters are only risking their beer money so if they lose it all no biggie
They are doing it because it is funLast edited by texansfan; 01-05-2018, 10:21 AM.
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Originally posted by texansfan View Postcash management!!!!
But all these bowhunters are only risking their beer money so if they lose it all no biggie
They are doing it because it is fun
Yep. And right now my initial beer money investment is up to a couple years of beer money. [emoji23]
Thanks for the financial advise.
Skinny
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Originally posted by stxhunter View PostHow many of you guys were/are on Bitconnect?
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Originally posted by CJ776 View PostAlso don't be stupid guys. If you make 1x or 2x gains, take some dang profit. Don't be slobbering greedy pigs. Noob greed is almost #1 reason for loses. Note that 90% of these alts are vaporware. Keep increasing your BTC through alts, but get out when its good. There is a reason why it is called "Alt SEASON"
Feels like when you have too many hunting spots and keep missing that big buck. If you just stay in one spot your odds are better.
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Originally posted by justintyme8303 View PostHow are you taking gains? Cashing it out? It never fails each time I sell my alt coins at night BTC goes down by the morning so i lose money to start buying alt coins the next day. So last night i left it all in TRX and BTC goes up.
Feels like when you have too many hunting spots and keep missing that big buck. If you just stay in one spot your odds are better.
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I cash out alts for BTC. When i started this journey my primary focus was to gain USD. I made about 2k off of $800. Thought I was hot stuff (during LTC pump from $42). Started to really learn about crypto and how BTC is the only legit coin likely to survive and actually be used as store of value (possibly as medium of exchange; see atomic swaps/lightening network). Started trading BTC a LOT for cash. I didn't learn how bad the swings were and how quickly they recover. Lost about $2k during the crash. Was impulsive had no huevos. Started trading alts to gain BTC and have been making a killing. The goal should always been to obtain more BTC. Once you realize this and learn to not be impulsive (buy at all time highs, holding on to 70% gain during a pump, buying on coins you know nothing about) Everything will change. Unless you are trading constantly (I do and work full time, extremely stressful) you need to buy bitcoin and hold it. If you bought around the Christmas crash you are sitting pretty right now and are poised for 1x gain this Q1.
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