RE: Are You Committing This Crypto Investing Sin?
I really have been enjoying your you tube video's lately, and because I believe how you are using this platform in conjunction with that one I will watch them, and comment and upvote here.
No monalogue in complete, yours are no different. Everything you said is very good advise for the average person and generally sensible, but I did notice it missed many aspects that relate to myself, and yet not to you.
I am one of the people who lacks the tech competence at the cyptography/developer level, yet have been building my own computers since 8088 processors. I am not the most intelligent person, but I have other skill sets that compensate in different ways. I have awesome intuition and can gauge the character of other people well, I also know to listen to others, especially those who have skill sets I lack and express opinions I do not share.
I was fortunate to have used my skill set to listen to a programmer friend in late 2008 and to buy BTC in 2009, I also listened to Vitalik Buterin and Charles Hoskinson in 2013 and used some BTC to buy ETH in 2014.
My point is that we all posess different skill sets and they all work in different ways, so though I agree with everything you are saying in this content, it is somewhat incomplete.
I also admire your honesty about your intentions of being in this space for the money, but again I differ in this regard as well. I fully got into this for the change it represents and the potential freedom from fiat control it offers. I have not "sold" any of my holdings since aquisition, I have taken all those rides up and down and seen the portfolio numbers change for this whole 9 years. Many of those rides ( liek that 90% drop you spoke of) were gut wrenching, but each time I would ask myself "if you would have sold at the last top, what would you have sold them for?" and so far I have not found my answer. Fiat? That seems like saying one thing and doing another. I sold my fiat for bitcoin to get free of fiat, why would I sell it back to fiat?
So again your content misses the full spectrum. I am not a programmer, or a cryptographer, nor was I a cypher punk. I am just a simple man who does not agree with what centralized banks and governments are doing and how they are manipulating the people of the world. My net worth is of little consequence to me, those are just numbers. 99% of the people who know me think I am intelligent and poor, which works fine for me.
I have invested in many of the projects you name as super risky, EOS, ADA, BCH, and some you have not mentioned, LRC, BNB, BQX, SUB, QSP, even EDT. All because my intuition says they are at least aimed at the right direction and the intentions of those behind the projects have good intentions. All of them I have entered at ICO stage. I am, by your view, working way outside my competence, and yet have done incredibly well by using the skill set I do posess. I am, though one of those people that spends the 5 hours to compensate for the lack of skill to reach the results in 5 mins.
You are one of the sources I appreciate and listen too, partly because we do often disagree, but my intuition says your not a scammer and if any information you present misleads it is not because your intention was to mislead. I think you generally want to educate people while earning a fair compensation for doing so. I refer friends to you as a source all the time.
thanks, jax
Like someone would say over the internet, @jaxtaylor, you sir, deserve a cookie.
It's very rare to see such a well structured comment while disagreeing with the author of the video.
I believe that one of the biggest forms of respect is beeing able to disagree with someone, knowing and explaining exactly why you do, but also acepting their beliefs as their own and valid options for them. To each his own.
To be honest with you, as many, I'm in this for the money like most people.
However I do believe crypto currencies or any sort of digital currency is going to be our future, but not any time soon, not any decade soon in fact. That's why I will be cashing everything in fiat if I sense a massive market crash from some sort of factor that can come from Crypto becoming a problem to centralized institutions. Later I'll probably reinvest If I believe it has potential for money or adoption.
This is where I stand after...a really short time in crypto trading, Im no expert on this, to be fair, i think i'm quite the "noob". Also lazy and a true believer of people. Hard to go agains't my nature, so in my case, I adquire my knowledge from little research and more from watching opinions from people I know they know more than me, in this case, @cryptoinvestor. I also follow other youtubers like DataDash and Doug Polk Crypto, and while I don't believe everything they say, I believe I have a good sense of feeling genuinity. Knowing that what someone's saying is genuine is very valuable, to my eyes.
If I would recomend someone to a friend about crypto investing would be Crypto Investor just like you do. Why? Because he's one of the few people that you can feel his real emotions go through, he's very genuine and even by beeing in this market for so little time and not much money invested, I sort of believe the sucess to trading more than anything is beeing able to know your emotions.
It's quite easy to spot the lack or the high genuinity of statements from a lot of people who comment crypto, even from people like DataDash like I mentioned, it actually surprises me the ammount of people who can't do this.
Knowing what's genuine and what's not, from people who know more than I do, hearing the good and especially the bad things, is my way of coping with my inexperience and lazyness.
And so far my results have been good and bad, depending on the investments. I'm trading small quantities here, so I'm rather comfortable, it's like i'm training for when (if) I feel more comfortable actually investing 10 to 20% of all my personal money in.
Sorry for the long comment, to sum it up, I wish every comment online disagreeing with someone actually was this respectful and thoughtful
Thanks for this, I was just adding a bit of what I thought was missing while trying to respect what the content creator created, which I found valuable I might add. Honestly I think it takes a certian type of person, of which I am not< to put themselves out there on you tube to begin with. I have rode every single up and down move in both bitcoin and ethereum since they both began, as well as others. I have not been immune from the slew of emotions this has created in and around me. I have second guessed myself so many times I doubt I could count them, but in the end it has turned out to be far more profitable ( were I to cash out) then any other choice or series of choices I could possible have made. I have chased money, traded stocks, options, commodities, and bonds. I have day traded till it almost cost me my sanity. I want something else, perfect peace, uninterrupted joy and absolute love.
I hope I find something worth trading my crypto assets for, as it stands I just keep trading them to support other crypto projects in little bits as a sort of portfolio rebalancing.
The landscape has changed so much with so much newbie greed coming in. People I thought would be powerful voices for the cause, end up just creating more noise. I like @cryptovestor a lot because at least he has the balls to say what might be unpopular if he believes it is right! He isn't looking for moons and lambos, least not only moons and lambos? I just hope we can all get past the greed, there is so much abundance in the world if we can just get over this one hurdle. Just don't think it can be done alone, it must be together.
peace
jax
Jax,
Just like most "rules of thumb," these types of videos don't apply to everyone. I simply cannot encapsulate every type of person and it sounds like you weren't the target audience for this video. Note that if another YouTuber I followed made a video of this sort, I'd skip it because I already feel comfortable and aware of the content. I know many people who follow a similar path to you and have been successful, but it doesn't work as general advice because many people just aren't designed to work that way.
As I said in an earlier comment here, I respect people more with the opposite opinion as mine if it is well-backed in their own thoughts rather than people who parrot my same opinion. I am happy you have a respect for me and I can say with confidence the respect is mutual. Best of luck with your investing.
Best,
CI
thank you for taking the time to read and respond to my comments. I gained much from this video, even the parts that don't pertain to me teach me how others think and feel
peace
jax