Just think, Bitcoin was ten thousand dollars higher about a month ago. The Ponzi Scheme guys behind the wall suck us in just like online Blackjack. Every so often the machine feeds you a small win, to psyche you out to believing this is real and then you go to the ATM and put in more funds. Psychology 101 , Reinforcement Theory. When Bitcoin was at 47,000 to 48,000 area they were telling us that it's going to blow by 50k and get back to ATH's. Just as fast as the average retail guy borrowed 1k from a friend and signed up online to play at 50x leverage, while watching the green candle charts get back to 50k he got REKT and liquidated back down to $ 1.00 from the Ponzi Scheme guy. Now we're sitting at $ 37,950. Rinse and repeat. Digital store of value and a hedge against inflation ? Yeah, pull this leg and it will play Jingle Bells !
Cryptocurrency Is a Giant Ponzi Scheme
- Thread starter canada-man
- Start date
The Ponzi Scheme guys are playing the short game and the long game. I do believe that we're headed towards a digital currency years down the road. The only way to play Bitcoin is to buy and hold , long term. Don't try to out trade the pro day trader. Check this thread five years later and I'm sure we'll all be gazillionaires ! 
Trading it is easy.The Ponzi Scheme guys are playing the short game and the long game. I do believe that we're headed towards a digital currency years down the road. The only way to play Bitcoin is to buy and hold , long term. Don't try to out trade the pro day trader. Check this thread five years later and I'm sure we'll all be gazillionaires !
1 example
- hold and accumulate during these though times and dips
- when the price increases to the point you are in profits sell
* half and hold until the price drops or just take it out as profits. If the price drops just buy at a lower price multiplying your BTC shares or any other crypto.
* sell 30% when your in profit take it out or just reinvest when price drops enough
* sell the amount that equals initial investment and keep profits in. If it drops you have the option to reinvest or buy a lambo
It’s actually quite easy. You don’t even need to look at the chart. Just set up automatic sell and buy orders. When it hits it hits. Only invest what you can afford to lose even if it means going to 0. It’s a long game. Be prepared to hold long term. Only take out in the even of an emergency or if there are no options.
It really is this simple.
