vinc3nc

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Everything posted by vinc3nc

  1. You're earning dollars and working hard your whole life, only for the government to devalue the dollar by printing more money. That's how society scams you if you're not smart. You don't need to invest in stocks. There are other options as well (one of them starts with a "B").
  2. You just answered your own question. What you want is a pipe dream. As as average guy, the best shot you have at becoming financially free is to grind hard for a couple of years, live below your means, and invest all the money into something that will make you 5-10x in the next few years. Easier said than done tho. Unless you're super smart or creative... then you have other options that most other people don't have.
  3. Been using ledger since 2017. It's ok. You can also buy trezor if you want.
  4. @r0ckyreed BTC has no competition, while ETH has a lot. ETH is an L1, and theres a lot of L1s that are cheaper, faster, etc than ETH. The advantage ETH has is that it was the first L1. ETH might do well in the next couple of months (because it was underperforming for such a long time), but I wouldn't bet on it in the long term. So stick to BTC if you care about 5-10 years and you dont plan on trading.
  5. @hyruga thats why timing is so important. BTC is up 7x from the bottom of Nov 2022, 600% in 2.5 years.
  6. If it needed that much time, it would suck as an investment. Think bigger.
  7. If your time horizon is 5-10 years, you shouldn't really care that much at what price you buy it. But if you want to optimize things, you should be buying more in the bear market. 200k this cycle would be amazing, but I dont think it will happen. Anything above 160-170k would already surprise me. And I dont care that much about price, Im expecting early October to be the top no matter what. Because that's how the previous cycles topped and Im gonna stick to that.
  8. Been investing for almost 8 years. My advice is the following: avoid investing in any kind of alt coin in your first cycle, just stick with bitcoin great alt coins can outperform BTC in the short term (1 or 2 cycles max), but in the long term they all go to 0 against BTC beware that the bull cycle could be like 80% over already (realize that you're late) taking profits above 150k is a good idea, considering you've bought it above 100k (but it might not even hit 150k) don't listen to people who say that BTC will go to 200k-300k (those people are the reason people never sell and hold all the way down, giving all their profits back to the market) when everyone starts talking about crypto, even people you've never thought would talk about crypto or own it, it's a great chance the market has topped prepare for the next cycle as much as possible - start DCAing into BTC near the bottom of the bear market which will probably come late 2026 (unless this cycle turns out to be completely different than the previous ones which I doubt it will) the most profits you can make is to buy it when things have been going down for months and months and when everyone is losing hope and questioning whether or not BTC will ever recover (or when there is a black swan event - when things crash as hard as they did during covid, march 12 2020)
  9. Most people should stay away from meme coins. There's too many out there nowadays so chances are you won't pick the right one, at the right time. You are not special. What makes you think you're one of those that will pick the right one? It took me 3 cycles to make it in crypto, and I haven't ever played with leverage. Holding spot only, picking the "right" coins. Get rich slowly is the only way. If you get lucky with a meme coin, you might think you've made it, but eventually you will give it back to the market, because you haven't earned it the "right" way.
  10. @FourCrossedWands comparing Leo to Warren Buffett lol. It must suck to be a no-coiner. I would stay away from crypto discussion if I had no clue what i was talking about.
  11. A bull run starts the moment a bear run ends, and the bear market for BTC ended in November 2022. It's been going up since then. For every $1000 you put in at the bottom would now be worth $6500. That's 550% from the bottom. If you're buying BTC now, you're risking way more than the previous years, so to say the bull run hasn't even started yet is just not reasonable.
  12. But keep in mind, the steepest rise is in the last phase of the market (when things go parabolic). That's why I was "mocking" Leo's tweet. He sold during a consolidation phase during a bull market, confidently calling for a "crash" (bottom in his words). You can't know. What if these prices are the next bear market's lows? You should know by now how crazy things can get at the end. Most coins haven't even hit their previous cycle's ATH. You can enter in the last phase of the market and still make the majority of the gains (if you pick the right coins, of course), But yeah, buying BTC here won't make you millions probably.
  13. Not everything is up so much. ETH hasn't done shit this cycle yet. And you just proved my point by hodling ETH yourself. You're not going to sell it because you see and know it's going higher most likely. To ATH first & then probably 6k+, Pullbacks in a bull market are small & rarely ever more than 20-25%. You had a lot of time to accumulate between March and November this year. That's like 8-9 months of consolidation, and thinking that after such a long consolidation, the market will only go up for a month and then enter a bear market is just crazy. Have some conviction. Apart from holding things long-term, I was lucky enough that I entered at the lows this cycle, probably average buy just above 20k for BTC. I also went heavy in Solana at the lows, was buying it from 25usd all the way down to 8usd (it's now above 240). I knew Solana was a no brainer. And I've had it staked for a long time now, which brings me a salary worth of SOL just from staking alone. So I'm just holding, not trading. Planning to sell everything in a few months or when things go really crazy. If I wanted to trade, it would bring me just unnecessary stress, which I learned in the past is not worth it. And if I didn't have any crypto right now, I would probably go all-in in ETH, because it will most likely make up for it in the coming weeks/months. It's the safest bet right now or at least it was near 3k-ish. But you won't make it big with ETH, but it's low risk. It won't make you 5-10x like other coins can. Considering the bull market might be 60-80% over, it's hard to make it unless you take on more risk with coins that have low market cap. Or you go really heavy with safer ones.
  14. Not to brag, but I have to state a few facts about myself, because otherwise you'll just think I'm a typically guy who gambles their money away. I bought my first BTC at 4k in 2017 and went all-in soon after because I saw the potential to change my life pretty much immediately. Thanks to BTC and me being quite early, I've been able to become financially free. I no longer need to work a 9-5 job. It wasn't an easy path, but it was worth going all in, even though I sacrificed so much to accomplish that. It's crazy to think that some people have to work 30-40 years to get the amount of money you can get in one crypto cycle (if you're smart about it). It makes you think that society really is a scam. Anyways, I agree that if you've made life changing money, then you should sell most of it, no matter where we are in the cycle. Because you never know what happens, and if you've made enough, it doesn't matter. Greed can make you lose all of it. @integral Im assuming that you're not heavily invested in BTC, nor have made a lot of money in BTC/crypto. I see that you have no conviction or at least not all of it. If it's so easy to just wait for everything to drop 80-99%, why haven't you accumulated everything at the bottom and come to the point where you can say "I've made it financially"? It's so easy to say "I'll buy lower, when everything drops 98% and then go all in", but when the worst of the bear market comes, no one wants to buy at the lows, because everything seems hopeless and bottomless at that time.
  15. @integral If it was so easy to just sell and wait for the crash so you could buy lower, then we would all be Warren Buffetts, wouldn't we? How do you know it's more likely to crash? You're just guessing and you have no clue. Yes, eventually, another bear market will come. We don't know when and at what price. But you can look at the historical data and guess a little bit better based on that, because you see what the market tends to do at certain times. But to say that it's more likely to crash right now is just ridiculous. what does "crash" even mean to you? And what if you sell at 60k or 70k, and then BTC goes over 100k and never again drops below, let's say, 90k. What then? The train has left and you're waiting for "the crash". Just guessing and waiting for a crash won't get you far in investing game.
  16. @FourCrossedWands Do you own any BTC or any other asset?
  17. @FourCrossedWands one who understands the bitcoin 4 year cycle thing - that bitcoin goes up immensly post the halving event and post election - does not sell their bitcoin in the middle of a bull run.
  18. So I’m making this post mostly for men – to give you advice. But women can also share their thoughts if they want to, of course. I don't care. What I’m going to write here is just what I’ve learned from my observation in life. I'm in my late twenties and I'm very ambitious as a person. I'm very hardworking and disciplined and all that. It took me years to develop these traits. Probably more like a decade tbh. I think that as a man, you’re way better off (when you’re young) if you stay single and don’t chase girls. Girls are just a distraction in your life. Chances are they will make your life more miserable. Just like Nietzsche said: “Ah, women. They make the highs higher and the lows more frequent.” They will take away a lot of your free time – which is the one thing you need the most if you ever want to become successful, to get the things you want. And they will also take away your money most likely. There are many areas in your life that you can start improving – health, finances, romance, family friends, career, spirituality, recreation etc. – and I think that’s it’s very, very hard to become successful in all of them. Usually, you will have to sacrifice a few of them. And the one worth sacrificing is chasing girls – or getting in a relationship with one rather. So, that’s the “romance” category. The point here is that you should put all of your effort and time into developing yourself. Start exercising, start meditating, start developing useful skills, start educating yourself in different ways. Start doing these things as early as possible. These things will improve your life on so many levels. And they will give you some kind of purpose because you’ll have that sense of progression all the time. Yes, it will take you years before you make all those things a habit. The majority of people are not willing to work so hard and sacrifice other things. There’s no shortcut to this. You’ll only realize that after a decade or so – why so few people do it. Because it’s fucking hard. Most people just want that short-term gratification, and they sacrifice the long term. You have to do the opposite and really be patient with your results. I don’t care if I'm lacking in the “romance” department because I'm busy developing myself in other ways. When I observe people around me – family, friends, and pretty much everyone else – they’re all mediocre. They go all down the same path. They get a job, buy a car, they get in a relationship early in their lives. They’re not ambitious. No goals. They’re miserable or they become miserable sooner rather than later. They’re the last thing I want to become. So I'm not going down that path. They’re proof that my life won’t get better once I get a gf. If you want to be happy in life, you don’t need another person in your life. You can be happy just by yourself. And don’t think I'm writing this because I can’t get a girl, or because they’re not interested in me. In fact, if I wanted a gf, I could get one in a sec. And the more I’ve worked on myself, the more chances I’ve had with them. I see through their bs in a sec. I don’t see them adding any value to my life. At least not at the moment. Maybe that will change in a couple of years. Most people get in a relationship early in their lives. Why? Because it’s easy and it’s programmed in you. It’s something “you have to do”, otherwise you’re kind of weird. And if it wasn’t easy, we would all go extinct. It might seem sad to you – the way I'm thinking about this – but that’s how it is. I simply think that there would be more cons than pros if I got in a relationship right now. I don’t care if I end up without a gf for the rest of my life tbh. I'm happy right now. I don’t need other people to make me happy. I’ve been meditating for a lot of years. I know what it takes to be happy. You will also become a slave to your woman in a sense. You will work on her clock. She’s more in a hurry than you. She will want a family quicker than you. And then this will take even more time from you. The chances of you succeeding will decrease even further. Anyway, if your main priority in life is to get a girlfriend, you’re doing it wrong. I'm not saying that you shouldn’t try to become better with girls and all that. Just don’t get in a relationship before you get your shit together. Focus on other things. Creating a lot of free time for yourself is the most important thing in your life. That’s how you can set yourself apart from other people. It’s so easy to stand out in this society. It’s really sad how no one wants to work on themselves. No purpose. No goals. Nothing. And I'm not saying that there aren’t people out there that succeeded or will succeed in life despite having a gf. Of course, there are exceptions to everything. I'm just saying that the chances of you succeeding while in a relationship will drastically decrease. So it’s up to you what you want to do. I would rather sacrifice that regular sex for something way better for me in the long-term. You can always get a gf later. Even if that’s when you’re 35+.
  19. The slow way is the fast way. or Patience is the fastest way.
  20. You're buying scams. There is no faster way to lose money than to be in a hurry to make money.
  21. You can make yourself look way better in a picture (good lighting, angle, picture taken after a workout). That doesn't mean he looks like that 24/7. Chris is lean and that's it. Nothing special about his muscle size. His physique is achievable naturally.
  22. I agree with everything you said but one thing - that he's on steroids and HGH. This guy doesn't really have that much muscle mass. He's just lean. When you're lean, you look way bigger in a sense. You can look like this if you have decent genetics and work out for like 5 years consistently. How do I know? Because I've pretty much done that. Anyways, the whole fitness industry is cancer. Everyone is just trying to sell you something. They want to make you believe that you can get everything in your life with a fit body and sell you supplements that don't really work and "special" workout programs that are complete BS. And this guy Chris is the epitome of that.
  23. How to Win Friends and Influence People In general, I think that one book can't change your life that much, or at least not enough. One should rather focus on becoming the kind of person who reads regularly. So, it's more about becoming curious as a person and developing a passion for learning. What kind of information you consume on a regular basis (books, audiobooks, YT, podcasts, etc.). Each book (and each podcast and other things) changes you in a little way, and then this adds up over time, over the years, and you become a completely different person, with a completely different worldview.