Please don’t consider anything I say to be financial advice. I’m simply an amateur in anything financially related.
Here’s to hoping it goes down to 3-4k sats so I can buy 100,000 of them at least. Currently holding 25k and that’s not enough…feel like I’m shooting myself in the foot here. I missed out on the BTC boom and I feel this is the next big thing.
The way I’m looking at it is how many does each have to be worth to get me to 2 million USD. Right now it’s $80 each…that’s kind of a long shot imo…would feel much better if they only had to get to $10-$20 each to give me my 2 mil so I can retire in my thirties.
That’s wishful thinking! I’d be more than happy to see .50 cent per safe coin! Don’t see 10-20$ though, that train left with BTC three years ago. Won’t happen again.
I remember last year when FCT went on there… it went 10x overnight. Best not to expect that kind of bump because FCT was also a tiny marketcap at the time, but still, it has the potential to get a lot of interest in the Chinese market for obvious reasons.
This could be very interesting, great news David and well done Nick!
Propbably on margin . It’s shown again and again that public traders fail over 90% of the time. I once read about future traders being even more bad than that getting margin calls all over the place. But still people see crypto and jump in with margin. It’s a mystery to me.
To me too. The urge to gamble seems partly inherent (the promise of easy money?), but there’s definitely a cultural element too, especially in China and the UK. When it comes down to it though you as an individual are pitting your abilities/insights against the collective abilities/insights of the market itself. The invisible hand will steal your watch and pick your pocket before you even have time to panic and close your position.