Smart vs. Dumb Crypto Speculation... A Semi-Serious Analogy

iterate777

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There are basically two types in any speculation. This write up may be biased and make fun of people. Reaching your dreams isn't child's play, but this can clear up the fear and uncertainty

But, it can hopefully save some of you guys from paying with your asses. This post can also clear up the uncertainty and fear.

Don't read too far into this, it is only to demonstrate a point too many people are painfully missing. That is partially their fault and partially society's. Anyhow, I mostly wrote this for my own amusement.

"Type One"

1. Bob makes a boring $1100 writing articles/selling links/freelancing a month. He has a crappy job that pays him another $1500 a month after taxes. Most of his money goes into funding the local service business he is using his tangible skillset to build over the next 2-4 years.

But hey, Bob sees a opportunity to risk disposable cash in a (smart and entertaining to) way to reap a big upside. He doesn't expect miracles. But, he knows a hype circle-jerk when he sees one. The only goal is to walk away with significantly more chips than he risked without risking his main stack.

Overall Process and Idea
Bob takes aside $300 a month and concentrates it into a few promising cryptos. He reads the forums and thinks about which currencies will be both hyped and actually useful over the long haul. Nearly every new crypto gets an initial burst similar to stock IPOs.

But, only the crypto's like BTC, XRP, Litecoin, Etherum, that have a possible function will have lasting interest over the long term. He concentrates his spare $300/mo. in these markets.

Each time a bubble expands by a 120%-150% multiple, he takes his holdings and sells off a disciplined amount like say 5-10%. Sure, he "may" miss out on millions or billions in "easy money". But guess what... He has no control over the market. The smartest thing is to reliably bank of each rushing wave of tards searching for lost gold.

Speculating is the art of guesstimating where reality will take fantasies for a shearing.

After each round of hype, he still holds significant chunks of crypto with a high upside. Plus, he has likely made his money back many times over without risking his real life progress.

Instead of regambling the money, he drips it into advertising/SEO'ing his controllable business. As time goes on, the law of averages and his growing skill compound his odds. In 2-3 years, Bob has a nice income, savings, useful connections, and a solid set of marketable skills.

This track record makes it possible for him to gain serious investors in big time enterprises. OPM is the real way people get super rich. (OTHER PEOPLE'S MONEY)

"Type Two"

2. Billy is a 17 year old punk ass know-nothing. Sorry... but it's true. He believes he is the next great Bill Buffetzos. Some cherry-picked people (with money to spare) put large amounts into crypto in the early 2010's and rode it all the way to now. They are nearly billionaires. Billy will also pull off this feat of badassery as far as he cares.

His last $700 is put into the sexiest "crypto of the future." He'll spend most of his time checking his phone about the next great thing. (Bob won't give two shits)

Easy Come, Easy Go

Ok, he gets a 1000X return, but he only has $700,000 in the best case. Billy built no discipline or skills in the time he's waited for crypto to make him rich. Most of his time has been spending mentally-fapping to visions of Lamborghinis and scantily clad women.

And to feel rich, our hero, little Billy will buy lot's of shit and throw the money around at crazy investments. Maybe a gold digger gets him. Maybe he starts snorting expensive things. Either way a fool and his money are soon parted.

3. Billy will hire a Bad Bob to run this reinvested money in ads or seo chasing similar returns. Bob will or maybe will not get him any results. Billy will not have any clue for months.

Bob tucks his profit into his growing bankroll either way.

4. Bob's odds of financial freedom are stronger. Since he is combining momentum and smart hedging... His goal isn't to rack up the "h1gh3st 5c0r3 3v4r"...

Bob just wants to drop his mic and walk away from the entire table.

Conclusion:

The Bob's of the world will take the Billy's money the longer time goes on.

This approach is called tight and aggressive in poker. You win money over time, and set yourself up to "win bigly" when a royal flush appears. It still takes a lot of discipline not to overplay such a hand. That's why poker and real life favor the tight and aggressive player.

Those who play loose and aggressive make impressive waves until they fizzle out.

You can do it... be like Bob. Or learn it the hard way.
 
D

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I don't see any winner here. Bob works a full-time job he hates, freelances on the side & then in whatever spare time he has, invests a whopping $300 in Crypto. Wow, I want to be just like Bob!
 

iterate777

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I don't see any winner here. Bob works a full-time job he hates, freelances on the side & then in whatever spare time he has, invests a whopping $300 in Crypto. Wow, I want to be just like Bob!

Well, it is true only someone who really wants to be free can pull this off.

A 300 a month plus he is working towards something real. He could also increase that as his income goes up. And he is growing his freelancing and main business. This gives him compounding control each day, but only if he really works his ass off.

EDIT: Bob makes the most of the hands dealt to his reality.
 

Zwielicht

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Avada Kedavra...
QKSg74K.jpg
 

zionbar

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Wish I was billy bro, he ain't got skills, discipline, and anything else but he can work on that.
On the other hand, Bobby bob itll take forever to get to $ 700,000...

I just hate the concept of "go to work to work" if I wanted to work hard Id go dig a freaking ditch
If I can ride on that crypto bubble and make some serious cash im doing that 100%.

Im also working extremely hard anyway (18 hr days), but if I can catch a break then hell yeah
 

iterate777

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Wish I was billy bro, he ain't got skills, discipline, and anything else but he can work on that.
On the other hand, Bobby bob itll take forever to get to $ 700,000...

I just hate the concept of "go to work to work" if I wanted to work hard Id go dig a freaking ditch
If I can ride on that crypto bubble and make some serious cash im doing that 100%.

Im also working extremely hard anyway (18 hr days), but if I can catch a break then hell yeah

No Billy's BEST CASE is that. He is a dufus who is fapsturbating to the idea of easy riches. 95% of this forum is Billy types.

4% of this forum are hard grinding "Bob" types. These people are the only one's who have any real chance of getting rich enough to never work again. They are building skills and are constantly increasing their income.

The people who reach the last 1% work hard creating a business that processes payments and makes sales without them sitting in front of the computer. The smart "Bob's" work hard for a few years creating that.

That is the main point of this write up. You can use crypto to supplement the process of building "fastlane/scalable" businesses.
 

zionbar

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Dude, crypto is the future.
BTC might die, ETH might die and so on
But I think the idea won't die... obviously it doesnt make sense to keep transacting via banks, where they're closed most of the time, and even when they're open they're useless. everything takes forever and the fees are ridiculous.
 

iterate777

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Dude, crypto is the future.
BTC might die, ETH might die and so on
But I think the idea won't die... obviously it doesnt make sense to keep transacting via banks, where they're closed most of the time, and even when they're open they're useless. everything takes forever and the fees are ridiculous.

That could be true, so what I'm saying to sell enough to make a solid ROI, and hold on to like 20-50%.

See, that way someone is hedged to have gained from a ridiculous bubble no matter what.
 

zionbar

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That could be true, so what I'm saying to sell enough to make a solid ROI, and hold on to like 20-50%.

See, that way someone is hedged to have gained from a ridiculous bubble no matter what.

Yeah used to do the same when I traded forex, obviously securing profits is the way to go when you trade, wether its stocks, forex or crypto...
 

iterate777

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Yeah used to do the same when I traded forex, obviously securing profits is the way to go when you trade, wether its stocks, forex or crypto...

Haha for many it is not so obvious, so part of this forum is sharing that info to those.

EDIT: The $300/mo. can be $30,000/mo. so long as the person can easily live without it. But, they are likely to walk away with good gains using a simple method like this in a bubble.
 
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iterate777

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Bob just joined this forum after reading your post and want to invest his 300$

https://www.blackhatworld.com/seo/cryptocurrency-exchange.994328/

Be like Bob !

lol. exactly $300...

Meh, as long as a few kids who would have gotten skinned, end up walking away from the bubble with decent returns... I'm okay with that.

That said, one should never take anything on the internet literally - because in the end it is always their ass who pays the actual price.

TO EVERYONE READING THIS. THIS WAS A SIMPLIFIED GUIDE FOR SHITS AND GIGGLES. DO UR HOMEWORK. IT IS ALL YOUR FINAL RESPONSIBILITY. IF YOU ARE MORE AGGRESSIVE OR LESS, IT'S ON YOU TO DECIDE.
 
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