Why Did I Even Invest In Crypto In The First Place?

privateexecutive (41) · 6 years ago

Thank you for today's video, this is very motivational!✌

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neoicarus (51) · 6 years ago (edited)

I'm glad you don't simply stop doing videos just because the crypto markets don't look good. Thank you for the video today Chris.

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alexanderhoehne (51) · 6 years ago

Hi Chris. Good reflection. I am still interested in this field, because I have gained so much knowledge and insights. Therefore I will not quit being engaged. Still, so much more to learn and to skills to develop. You seem to be a cool-headed trader and investor. That is what I need to develop and to learn. Keep up the great and authentic work and presentations.

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5 votes

noizydragon (38) · 6 years ago

Recall the crypto meme "Neo: What are you trying to tell me, that I can trade my bitcoin for millions someday? Morpheus: No Neo, I'm trying to tell you that when you're ready... you won't have to."

Historically, every fiat currency has gone to zero, eventually. I personally believe that there is more risk of the $USD going to zero than any major crypto. When that day comes, I want to be prepared.

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4 votes

camendes70 (57) · 6 years ago

NEO is on sale today $9 :D

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uvas (46) · 6 years ago

Tough times for sure.

I invest in BTC on a monthly basis based on the fact that it was created on sound Austrian economic principles. And despite the drastic price fall, BTC is NOT broken in any sense of the word. It is humming right along. Hundreds of much smarter people than me are improving it daily. As long as the price is under 10k, I will continue to buy every month. I just see this as an opportunity to buy more. I remember not too long ago, people were wishing for the price to come back down to 5k or whatever so they could get more.

Well, here is your chance! lol

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a18 (25) · 6 years ago

100% agree with u

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michealb (66) · 6 years ago

i invested in crypto because i stopped drinking and smoking - had plenty of spare cash (was no cask wine drinker and price of 2 packets a day in australia is a joke) and needed something to do. if i kept drinking i would have pissed it away anyway. quit crytpo and take back up other addictions? - naw fk that. i also choose the lesser of two weevils:)

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sharpshot (65) · 6 years ago (edited)

I still feel good about crypto, This bear market doesn't bother me. I got it all wrong in the dotcom bubble, over invested, felt the pain and got out, only to see another big bull run. I ignored crypto for years and it was only reading about Bitcoin Cash and seeing that Bitcoin was near 5k that got me looking at it properly. Soon as I bought Bitcoin near 5k, it dived to around 3k and that was painful. I think that helped me a lot. I wrote off the small bit of money I put in and anything it makes now is a bonus. I'll buy a bit more as prices fall and hope that for once I can time it right.

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newageinv (70) · 6 years ago

My goal in crypto is to have the ability to control my money fron seizure and constraints or as Trace Mayer would say have my monetary sovereignty. This is needed now more than ever and will be more important in the future.

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truthrevolution (47) · 6 years ago

You could put your money in toilet paper and honey? They are good barter items. Ha, ha, ha, no joke! I know you mentioned gold and silver. They excellent stores of value as well!!!! Thanks!

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paradigmprospect (69) · 6 years ago (edited)

Your words and perspective are a much needed reminder amidst all the over-emotionality of short term worriers.
The really painful thing will be looking back to the time it dipped and despite our faith in the technology we bailed at a huge loss only to find our original assessment-vision turned out to be exactly how we originally assumed it would. Talk about regret ;)

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gbu (41) · 6 years ago

Your concept of motivation is spot on. Why do I say that? Well, because I agree, of course! I run a CryptoCurrency bot education site that’s dedicated to a specific bot. It’s a membership-based site but every once in a while we have public articles and today I posted an article in response to the bear market - “Conquer the Bear” and it contained a few pieces from our premier content which specifically mapped to this “Motivation” angle.

Of course, one of my motivations is to drive traffic, sell licenses and sell memberships, so I want to have enticing content, be true to what people want and offer something above and beyond what they expect. I share Chris’s idea that earning crypto beats buying it. Engaging is better than passively consuming content. That’s a concept that’s neat and dear to how we operate too.

There’s more to crypto than the price.

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a18 (25) · 6 years ago

great video.
for me it doesnt matter what the price is doing now. i invested bc i believe in the future of crypto

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camendes70 (57) · 6 years ago

Global Warming dont stop this Glaciar movement ... even worst it will slide even faster ...

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worldtraveller32 (64) · 6 years ago

Thank you so much on this video. I myself well into cryptocurrency as well. Even how the market is. I am still a strong supporter of crypto. I will HODL a long term on this to support this moment. Crypto is not just about an investment. It's more about to support the community. The movement. The Idea of creating a new economic force is my opinion. Really good points you mentioned. I myself also learned more about the history of money from Mike. Super amazing and smart guy. Anyways thanks for sharing. Look forward to more of your content.

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btcbadger1984 (44) · 6 years ago

Thanks for that Chris. When I got into Cryptos (3 years ago) I saw the price going up to £2500+, everyone told me it would never happen and I was dreaming! We all know how high it's been, but today at £3500ish and everyone is attacking like it the end of the world! Perspective changes everything, and mine is the 1BTC = 1BTC and Crypto is the future, which is the direction we're all heading in!

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magnan (34) · 6 years ago

I did it because it is something truly mine. Something I have complete control and RESPONSIBILITY for. For that reason I don't see crypto ever going away. There will always be people wanting to be responsible for themselves and beholden to none.

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