So what thats it is it? You will sell all your crypto just like the others, and go winge that you lost money?
I'm seeing a lot of people writing that they have "Missed out on Crypto" (Presumably they mean just bitcoin when they say this) and that its too late to get on the band wagon. Well this was before the latest crash in prices but we know why the reason is at least this time.
Am I the only one who doesn't mind when prices drop to shocking lows for Altcoins and Tokens?
I do try to imagine the average person and their view on crypto but its very hard believe you me. Ok, so your reading this, and that means your on Steemit. Lets not go there as to why you are here, but anyway even if you didn't know it, your most likely going to learn from here about crypto currency's instead of just people showing you there dinner, or a pet of theirs. Crypto Currency for sure- with no doubt about it - is not for the fainthearted, and like everything in life, its a gamble. If you want to make a change then you must take a gamble.
My personal approach is..
Mainly it boils down to what would I do anyway with excess money after choosing to remove myself from the system? I don't have to give the money I earn to anyone and I don't have a bank account, nor any debt. I have a deep disgust toward the system and the people orchestrating and supporting it. I can see from self research and traveling, how it all works and after Crypto has burst onto the scene, for me it just seems like the next step in "Having enough of their shit and somethings got to Change".
Also having share in possible future company's was just a dream for an average person, but today you can openly go and buy these shares and its not just hidden for the rich to play with like the stock market is. I couldnt tell you the first place where to go buy share's on wall street (with CASH) or any names of shares to buy, but crypto is a different story!
Ok so, the average person and their knowledge of Crypto..
I was also "average" and "normal" at some point before. I don't mean to write this in an egoistic way of "I'm better than you", it's just indicating the average person's positions from where I see it, just learning from Mainstream Media, and the second main factor on crypto is that the average person only has a sum of money to invest, and not regular money to invest say every 2 weeks or even better weekly. To do research on coins, is also time consuming and in that rat race there is little free time to do so.
It sounds Painful. I know the average person for everyone to describe is very different, but I go from my past experience of being a normal average person and if I hadn't changed the way I live then this would still be my case scenario..
Hi , Im Dan, I'm in my mid 30's and have a full time job.
I rent a home and pay for food from a supermarket.
At the end of the week I have maybe 5% of my wage left to go enjoy myself with.
Contracts for house bills, phone bills, insurance to pay and tax, diesel to put in car.
I have no kids and I own no property and don't think I will ever be able to afford a house or costs of raising a child anyhow. I get very good wages but my quality of living increased and so I save nothing.
What should I be saving for anyhow? I'm balancing on a tightrope here, I cant afford to invest even 10 pounds because I need diesel to get me to work tomorrow morning.
The UpperClass "average person" Case scenario..
Hi my names Dan, I have a full time job which pays me well. I also have a nice sum of money sat in the bank and I have no clue what to do with it. I manage my finances very well and am saving each week 20% of my wages and saving it in the bank to put down as a deposit and part payment of a house. I'm lucky because then I'd only have 15 years to pay the debt off for the house.Its something im considering to do as it seems Normal. I could buy some Steem, or any top crypto and invest there, but you know, the news papers and news channels are saying its terrible.. Ill stick to the bank because "someones got to look after my money"!
Your Government is shit scared of this word Cryptocurrency!
)Hmm wait, I like where this is going!
Do you think you are an anarchist, or voluntaryist , or some kind of landpirate? If you have sold your crypto and went and brought at huge T.v instead to have money to rebuy, then you are not one bit - "You sir are a Prat!"
How long do you think cash will last? The US dollar is on its last legs and soon will be completely worthless, and you left your money where? In the WHERE?! The Bank?! Its gone now, well its worth nothing.. If you want to see a real change in the world then you should not be selling any crypto right now (unless you got it two years ago!) Dam and now your jobless existence involves long lines of scanning machines and food tokens, with more free time on your hands than ever before. The ones who dint sell the crypto and just adapted somewhat to afford to buy more in the mega dips are living in the luxury's of the world as we used to know it and have shares in the AI program's running the planet so have no worry's and enjoy the freedom of flying cars and the new technology's.
Now are prices that most haven't ever even seen before. Today, I saw NEO at 17usd what a shock. What country are you in? I'm in Norway and for 17USd you get a big beer in a nice bar, or a packet of ciggys and a nasty cup of coffee.. Think about where you are and what your spending, and see what you can juggle around to save some outgoings to buy crypto with!
Nano, is floating just above 1usd?! What the Fook! Vchain.. Eos.. Our beloved STEEM.. Bargain prices already now for a 3 year investment!
ONTology?! Wow!
We are early adopters whilst the world scratches its head.. many thought 2018 would be the year but it seems not, which means you are still early!
Hold your horse's and buy at a price that you are happy with, and don't bother buying any crypto that's below the top 30 rank! Just to be safe :)
Why sell any Crypto for a loss?!
Unless you work out your loss and make sure your next buy order covers your loss and that you will acquire more coins or tokens, then why the hell would you want to sell for a loss? I'm waiting to get into BNB tokens again, and have all other funds tied up in what seems now very high priced Eos for example and lots of Neo that I paid 10X for.. but hey why not just put them in the "vault" (ledger) and go back to it in 8 years? I would have just gone a got things that I just don't need instead of saving those Neo somewhere.
I can just forget its there and start a fresh with these bargain prices. You can always stop buying stuff you don't need and free up cash for Crypto. We need to get out of these conditioned mind patterns, work- eat- sleep- consume, try to save, give to bank, bank is friend , keeping money safe -
NO THEY ARE NOT THEY ARE CRIMINALS AND TAKING AWAY YOUR AND OTHER PEOPLES FREEDOMS.
Just never sell your crypto without placing a buy order again or rebuying in the future manually.
Time fly's and you don't want to be one who forgot or didn't have enough to buy back in again after a holiday or some crap. After cash is gone (which it nearly has) then there shall be only social benefit money most likely on a microchip in your hand which you will use to survive on handouts. I will never have a microchip placed knowingly into my hand or body and then be told this is the new payment method and dole money distribution. Never. My guess is that if your ok with this , then my financial advice to you is, put your money in the bank. If on the other hand you would like to trade with like minded folk in the future and be wealthy instead of just government handouts- then go buy some Crypto you div!
What else would you buy that you really need?
I have started to power down, but for good reasons.
I am powering down but the weekly payments will be used in promoting my posts and helping me adjust as I have no money for STEEM at the moment, and maybe another 2 weeks still!
My recent posts to do with Crypto are Presearch and a post introducing Actifit which is a Dapp, on the steem blockchain, well worth checking it out!
Here's my last post which was showing the alternative lifestyle of mine :)
Nice to put a "face" to a name!
It's the same thing you see in every market - people reacting out of fear. Same thing when housing or stock markets dip, people get scared and try to mitigate their losses. The number of people investing who don't even understand the definition of the concept is staggering! But hey, we live in a society that believes mortgaging a home and living in it is an investment.
Buy low, sell high and don't invest what you're not willing to lose. At the end of the day it's all just a game.
Thanks for the post brother!
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Hi mate!
i see that the younger generation see that its bullshit and not even possible these days :)
Hit the nail on the head the pal!
Big love mate :)
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I'm not an expert on cryptos, but I cannot understand people rushing to sell at a loss. As many around here say - never invest more than you can lose - if you're ok with potentially losing why not have the patience to wait for better times. It's a question of faith in cryptos, I guess. I have little money in other cryptos so it really doesn't matter if I lose it or not, but the little Steem I have I worked too hard to bear cashing out at this time..
Cool pic - btw! And what's with the dog - was he on a break or something?
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Hi Rebecca! It really is insane huh?!
This is why i have like 25% of my "porftfolio" is steem, because its use-able! Why buy a crytpo that isnt even up-and-running?! Im an ICO Nazi, dosent interest me one little bit all these new cryptos :)
I love steem. Its definatly one of my top, and what reliable pension!
The black dog enjoys to lay in the sun like some wierdo, Spanish dogs so it must have been siesta time!
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It's gambling money to me...the money I put into crypto. I've made and secured many thousands of dollars from it, but I'm definitely not a lambo owner either. I still own some too. If I had extra gambling money right now, I'd be buying more EOS and STEEM too. I don't though.
I'm increasing my stack of precious metals instead. In addition to that, I'm also adding to my actual supplies. If you don't have enough supplies to survive a long period of economic problems, you shouldn't be buying crypto anyway. People should focus on preps first, precious metals second, and then crypto as a third option.
Preps includes a way to protect yourself and your supplies also.
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nearly missed this reply!
your right, it definatly is a gamble but the cances of winning are very hugh , all depending of course on how long your willing to play for, and the most important part, whether you have regular money to go gamble with or you have a set amount (not much if any) of cash that you can play with to start. )
We have YEArs yet until you can buy a smoothie with btc in a store, like 5 years atleast and so the already rich in the world, like the mega rich, must also start learning about crypto as they always want the first pick in things that will make them even richer.
If i had alot of crypto, which it sounds like you do, I would also go and buy metals again, but the truth is in all my silver well nearly all to put n for crypto ;)
Like i say its boiling day to firstly how much it costs you ti live, and secondly how much money your earning. Im luck that i can go work again and get good taxfree money in norway from selling the street magerzine and i live here for free (and no im not rich , nor do i get government money :) )
The future rich people will be the ones who dislike the system so much that any alternative is a better alternative, anarchy minded folk :) oh and the goverments who ban it and buy it all first , like what happening in iran is it? :)
edit : need to add!
I think more people are prepping also these days, but thats what crypto is there for also, a prep for financial collapse of the paper moneys, but of course i am a fan of metals because i know how technology is, i call it the devil most times times!
All in good time, i have like my steem account, and that again in crypto at the moment and not much else! All depends on the starting money :)
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In for the long haul! The point of adopting crypto is freeing ourselves from central governance anyway. No minimum maintaining balance, no office hours for transactions, now that's a good future for finance.
And I'm glad to be the 1000th like for this post, LOL.
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