anyone in bitcoin? What are your predictions?

[Olaf]

I heard from several sources that bitcoin is going back up around october, it already has gone up a bit, which I am happy with as most of my money is invested in bitcoin and ethereum. I have been a bit lazy and not done much homework around following the bitcoin news. So I thought of asking you guys, what are your plans for the next few months around bitcoin?

[Leo Gura]

32 minutes ago, Olaf said:

most of my money is invested in bitcoin and ethereum

Bro, why??

Invest in something serious.

[r0ckyreed]

Buy and hold. Put your bitcoin in a Trezor or Electrum Wallet.

Put most of your money into S&P.

Edited 1 hour ago by r0ckyreed

[Olaf]

@r0ckyreed I have some money in S&P

@Leo Gura I don't have allot of money, so it doesn't matter too much and the upside is huge, it can 10x

[Leo Gura]

51 minutes ago, Olaf said:

I don't have allot of money

That's poor logic. 

Your logic: "I don't have much money so I will use the little money I have, improperly and recklessly."

That is a lottery mindset which keeps you poor.

Edited 35 minutes ago by Leo Gura

[Olaf]

@Leo Gura I wouldn't say I am using it improperly it is just higher risk, higher reward, many people invest in bitcoin. Grant Cardone put 100s of millions in bitcoin, Elon Musk 1.5 billion, Mark Cuban etc. I don't  think it is as reckless as you make it seem, if it 10x over the next few years, you will feel you lost out on a great opportunity. Just cause Bitcoin had a rough year doesn't mean it is a bad investment. 

[Leo Gura]

3 minutes ago, Olaf said:

Grant Cardone

He is a clown and a fraud.

If you want to emulate Musk, okay. Copy him by putting 0.1% of your money in Bitcoin.

Notice that Musk is not using Bitcoin go make himself rich. Bitcoin for him is like throwing a penny into the water fountain for fun.

Edited 31 minutes ago by Leo Gura

[r0ckyreed]

50 minutes ago, Olaf said:

@r0ckyreed I have some money in S&P

@Leo Gura I don't have allot of money, so it doesn't matter too much and the upside is huge, it can 10x

Most of your money should be in a HYSA. You should have 6 months worth of savings to live off of (10k-20k) and then invest what you can into index funds. I only do <5% of my money into bitcoin. I only do $100 a week into bitcoin.

[Olaf]

he invested most his money in bitcoin, the guy from telegram

[Leo Gura]

The notion that you need to be an ascetic monk to run Telegram, a simple app, is comical.

Him not having enough time to buy a house because he manages Telegram, is just silly.

Super AGI is here, yet this tech bro is so smart he cannot be replaced long enough to buy a house.

Edited 3 minutes ago by Leo Gura