This sub is a joke, no seriously this sub is legitimately bipolar on sentiment and flips on a dime. Here’s a reminder for y’all lurkers here or a wake up call for people who actually take the time of day to shitpost:
Nobody who’s even close to being a big player or is knowledgeable about the market is wasting their time on fucking r/cryptocurrency
Most “advice” you get on here is from hodlboys or plain shills trying to jerk their own dicks by echoing the same copy paste moon statements. By the occasional mercy of god there’s a post that makes life worth living but those are usually rare. This post is also not one of them.
No you won’t get rich hodling a mass shilled top 100 coin for a week, a month, maybe a year. Jesus Christ if it took early bitcoin miners years to go from a couple hundred to almost 20k you won’t make it with a short term focus.
Putting a couple hundred or thousand dollars does not make you an “investor” or at all knowledgeable about blockchain. Losing your money sucks learn from mistakes instead of dragging others down.
Comments that say “3k next it’s over boys” with 30 upvotes does NOT legitimize that claim, assume it’s 31 idiots sharing a herd mentality with no basis for their arbitrary prediction.
Anything that has to do with price on r/cryptocurrency should not be taken as financial advice. Nobody on this sub actually know which way the markets will turn, TA works in very niche circumstances and cannot predict movements based around obvious facts or fundamental trends.
That’s all I have to say for now, my fingers are tired. I’ve been in the space for some years now and this sub is a place I frequent despite all the cancerous shit I see daily. The memes are fucking comedy gold and I will always love you guys for being here with me.
TL;DR do your own fucking research and don’t listen to anyone announcing the direction this market is heading.
EDIT: Some people apparently are not seeing the point of this post or get some kind of joy mocking if. Allow me to make some things clear:
No I’m not angry or have any personal salt nor am I projecting my expectations of what this sub SHOULD be but rather I’m only letting people know what this sub IS at the moment and what to be wary for. I was once new to the space and foolishly trusted the advice stemming from fickle sentiments and made mistakes doing so. All I hope to achieve with this post is for people to realize that this is not the place for accurate predictions regarding market movement and to be careful, That’s all.
EDIT 2: Thanks for gold. It is currently too difficult to respond to the sheer volume of comments thus I am unable to answer every new question that gets posted, sorry.