My 5K investment last year has grown into 80K

[DacasBiyo]

Do not get into not bitcoin - the big boys or the market markers are driving this price up-
When they decide to sell - you will loose your trouser-

5-10% swings every week is, a mad mad; it’s equivalent to aim shares or penny stock trading.

This ain't no penny stock trading sxb, this is the tool that will free people from the greed of Bankers. What you are seeing with this price increases is just normal since a lot of people want to buy it but if you listen to the people who understand this technology they actually don't buy bitcoins they get paid in bitcoins instead, Andreas M. Antonopoulos one of the evangelist of Bitcoin never buys it instead he prefers to charge his conference fee in bitcoin than fiat currency because bitcoin is meant to be a currency not an asset you can hoard, the people who buy it and hoard it are the speculators and they are the people you see talking nonsense online and on Youtube, real experts in this tech are extremely rare besides that one guy Andreas and he's not a speculator he's a computer scientist turned Bitcoin advocate and he will never advice you to buy it. So you don't need to buy bitcoin to take advantage of it, also Bitcoin was just the first, there are other coins in the market and competition will bring the best of them out so Bitcoin might not even be the best coin in the future, it just had a first mover advantage and still holds it but might lose it to a better coin in the future. What you're seeing now is the future of money and it will liberate people from the collusion of Governments and greedy Bankers who print money out of thin air to enrich themselves that's why they hate this technology. If I were you I would specialize in this Tech or anything related to it or deals with it either closely or remotely and drop everything else because it will change the world since it obliterates the Double entry accounting invented 700 years ago by a Florence merchant. This technology makes accounting fraud IMPOSSIBLE and prevents the greedy Bankers, Governments, Corporations, etc..from stealing to enrich themselves that's why they hate it and will never allow it to flourish but the genie is out of the bottle so in a couple of years you'll see countries creating their own digital coins and that will kill the FCA franc in Africa and Bitcoin or some other digital currency will play the role of a reserve currency, there are already platforms that allow multiple digital coins to be exchanged based on Bitcoin. This is the Internet of money my friend, a new technology is being born in front of you, look for ways to take advantage of it and ignore the hype of price fluctuation in Bitcoin, that is just the surface of the iceberg you're seeing, what's underneath is much much more lucrative and it will change the money as we know it and free people for the oppression of the Plutocrats.

[Cunaaye25]

Crazy cycle -

Some people lost a lot money others have gained.Never invest money that you can't afford to lose.

[Nubis]

That's great.

[Nubis]

regardless of anything what is your education ?

calm down nayaa, the guy has 80k, you think he's interested in a xalimo.

Lol.

[KingMX]

Bro teach us this shit what should I invest in rn?

[gurey25]

I think etherium ecosystem is superior to Bitcoin most of the fintech applications are based on it.

The technology behind Bitcoin the blockchain is so simple yet has so much potential.

I would advise people to hold at least 5 to 10% of your assets in some form of blockchain based assets.

I would also say gold and silver, they are vastly devalued at 10 times the current dollar price.

The world economic system is fundamentally flawed and the central banks are throwing everything and the kitchen sink into pushing down gold and pushing up the dollar. It is impossible to maintain this longer than 20 years max before collapse and then fist currency like dollar and euro will fall spectacularly.

Don't be surprised if gold reaches $10,000 an ounce.
People need to learn about the nature of money, most don't understand the concept.

Money is what you believe has value and enables exchange.

Animal skins , shells , tobbaco have been used before.

[KingMX]

Do not get into not bitcoin - the big boys or the market markers are driving this price up-
When they decide to sell - you will loose your trouser-

5-10% swings every week is, a mad mad; it’s equivalent to aim shares or penny stock trading.

This ain't no penny stock trading sxb, this is the tool that will free people from the greed of Bankers. What you are seeing with this price increases is just normal since a lot of people want to buy it but if you listen to the people who understand this technology they actually don't buy bitcoins they get paid in bitcoins instead, Andreas M. Antonopoulos one of the evangelist of Bitcoin never buys it instead he prefers to charge his conference fee in bitcoin than fiat currency because bitcoin is meant to be a currency not an asset you can hoard, the people who buy it and hoard it are the speculators and they are the people you see talking nonsense online and on Youtube, real experts in this tech are extremely rare besides that one guy Andreas and he's not a speculator he's a computer scientist turned Bitcoin advocate and he will never advice you to buy it. So you don't need to buy bitcoin to take advantage of it, also Bitcoin was just the first, there are other coins in the market and competition will bring the best of them out so Bitcoin might not even be the best coin in the future, it just had a first mover advantage and still holds it but might lose it to a better coin in the future. What you're seeing now is the future of money and it will liberate people from the collusion of Governments and greedy Bankers who print money out of thin air to enrich themselves that's why they hate this technology. If I were you I would specialize in this Tech or anything related to it or deals with it either closely or remotely and drop everything else because it will change the world since it obliterates the Double entry accounting invented 700 years ago by a Florence merchant. This technology makes accounting fraud IMPOSSIBLE and prevents the greedy Bankers, Governments, Corporations, etc..from stealing to enrich themselves that's why they hate it and will never allow it to flourish but the genie is out of the bottle so in a couple of years you'll see countries creating their own digital coins and that will kill the FCA franc in Africa and Bitcoin or some other digital currency will play the role of a reserve currency, there are already platforms that allow multiple digital coins to be exchanged based on Bitcoin. This is the Internet of money my friend, a new technology is being born in front of you, look for ways to take advantage of it and ignore the hype of price fluctuation in Bitcoin, that is just the surface of the iceberg you're seeing, what's underneath is much much more lucrative and it will change the money as we know it and free people for the oppression of the Plutocrats.

Its a sham. Where do crytocurrency get their value from?

[gurey25]

Where do fiat currencies get their value from?
Fiat by order/ will the government said so , so it is.
Money is what People find value in and is easy to exchange.

[Madd_Scientist_]

Oh mein gott.

Last year I invested 5K euros into the crypto-currency 'Ethereum' and now the price has gone up +1500%.

I am semi-rich now. Whooohoo, selling it all and cashing in. It might go up even more, but not taking the risk.

Oh mein gott.

If I really were rich I wouldn't be shouting it out in Somalinet dude. In other words beenlow baa tahay.

[Nubis]

[KingMX]

Can u still do this in 2020

[gurey25]

Can u still do this in 2020

yes we are heading for another bubble, or we were until the impact of coronavirus and the oil price war between Russia and Saudia.
I dont understand what blowing the shale bubble will do to the world economy, this is unusually aggressive from the russians.
Despite all that i believe bitcoin, etherium and even smaller ones like litecoin are very undervalued, so i say now is the time to buy..

Remember that you are in for a ride and you should not worry if the price falls sharply it probably will, i would buy more if i could in that scenario, you are just exchanging US dollars that would be kryponite and wipe out your savings when it eventually goes bust.

[KingMX]

Can u still do this in 2020

yes we are heading for another bubble, or we were until the impact of coronavirus and the oil price war between Russia and Saudia.
I dont understand what blowing the shale bubble will do to the world economy, this is unusually aggressive from the russians.
Despite all that i believe bitcoin, etherium and even smaller ones like litecoin are very undervalued, so i say now is the time to buy..

Remember that you are in for a ride and you should not worry if the price falls sharply it probably will, i would buy more if i could in that scenario, you are just exchanging US dollars that would be kryponite and wipe out your savings when it eventually goes bust.

What sites can I use to invest? Do u convert irl currency to virtual? I’m not very knowledgeable in this Sxb.

[VeresBenedek]

2020 was in general a good year for crypto investments. However in 2022 I lost some money towards the end because I picked up a wrong exchange. So how not to make the same mistake again?

[escadron]

When you are investing into volatile assets, sometimes you cannot avoid making mistakes. You just need to get used to that. As for reviewing exchanges and brokers, I heard that compape.co.za/ can be of help. Just see those pictograms above and click on each broker to visit their page and read about their pros and cons.