Friday, January 19, 2018

About this recent Crypto Crash and all the Crypto Critics

Source: Stonetoss

Hehehe.

Advice to readers: understand crypto before even considering buying it.

I've heard way too many stories of noobs FOMOing into crypto and made a quick buck and thought they were invincible but are now being totally destroyed by the market (as expected btw).

I'm sad to hear that some people still think crypto is all gambling and speculation. Then again, seeing how most of the new people seriously approach it like gamblers with their only 2 criteria for crypto selection being Hope and Luck, I can somewhat understand why. But that is also where "experts" have made the mistake thinking that your common uncle Ah Huat is the main market mover in crypto. (Psssssssssssst fyi, it's not, lol)

Oh well I guess I have to make all the money myself then.

Thanks Buffet.

For crypto vets, just a friendly reminder: BTFD

5 comments:

  1. I bought raiblocks and have holdings in both kucoin and bitgrail. There are problems withdrawing Xrb to my rai wallet, and am worried. Do you think this is a cause for concern, and are you facing these withdrawal issues as well? Also isit advisable to use the online rao wallet or desktop since ledger nano does not support now

    ReplyDelete
    Replies
    1. Hi Anon,

      I used to have XRB stuck on Bitgrail when their node was having issues. After a week or so it was resolved and I took custody of it.

      I am currently using the online Rai Wallet.

      I don't think it's a cause of concern as long as your XRBs are not stuck on Mercatox. Kucoin has already started processing withdrawals and Bitgrail has communicated that they are working on it.

      Delete
  2. Damn ... does it mean I won't get to see John McAfee eat his own dick on TV then??? LOL!!!

    ReplyDelete
    Replies
    1. Honestly, it's win-win for me, haha.

      I'd be happy to see him do it (my BTC holdings would be worth a shit ton)
      I'd be happy not to see him do it (I'm not heavily allocated in BTC anyway)

      Delete
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