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Cernovich's profile
Mike Cernovich
Mike Cernovich
Mike Cernovich
Verified account
@Cernovich

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Mike CernovichVerified account

@Cernovich

Writer, filmmaker, and journalist. Read Gorilla Mindset today: https://amzn.to/2ZcPNCQ 

Orange County, California
Cernovich.com
Joined August 2011

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    Mike Cernovich‏Verified account @Cernovich May 22
    • Report Tweet

    Mike Cernovich Retweeted nostalgicBadger

    This is how people go broke. “Timing the market.”https://twitter.com/nostalgicBadger/status/1131233814426996736 …

    Mike Cernovich added,

    nostalgicBadger @nostalgicBadger
    Replying to @Cernovich
    I'm not sure that's a smart way to buy crypto. Timing matters too much. Even if you're a long-term holder, crypto moves in huge swings with clear buying and selling opportunities.
    9:30 AM - 22 May 2019
    • 8 Retweets
    • 40 Likes
    • fjfj djfdf Ryan DeLongpre 🇺🇸 John Sang Jeremy Decentralized Amor the Moai 🤡 Observer1858 Shawn Pettit Louie Lozano 🇺🇸
    13 replies 8 retweets 40 likes
      1. New conversation
      2. Lost In LA‏ @lost_in_la May 22
        • Report Tweet
        Replying to @Cernovich

        If crypto has legs, there is no reason to abandon the tried-and-true tactic of dollar-cost averaging.

        1 reply 0 retweets 1 like
      3. RealPatriArt‏ @RealPatriArt May 22
        • Report Tweet
        Replying to @lost_in_la @Cernovich

        Exactly what I’m doing.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. K 🆔  🅱️‏ @LAbryanM May 22
        • Report Tweet
        Replying to @Cernovich

        Yep. Same simple reason investing monthly in a 401k works. Dollar cost averaging. Sometimes simple is best.

        0 replies 0 retweets 1 like
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      1. AirborneHeel‏ @abnheel May 22
        • Report Tweet
        Replying to @Cernovich

        Oh god. Dont time crypto people. Quickest way to get rekt

        0 replies 0 retweets 0 likes
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      1. SamVH5150  🚀 🌔‏ @SamVH5150 May 22
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        Replying to @Cernovich

        DCA is the way!!

        0 replies 0 retweets 0 likes
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      1. XRPalpatine‏ @TheRealSSJohn May 22
        • Report Tweet
        Replying to @Cernovich

        Its a long game and we are still early. Slowly building a stack on the side with the rounded up change from transactions sounds like a great idea.

        0 replies 0 retweets 0 likes
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      1. Jeep Grand Todakai‏ @POTUS_G_Sears May 22
        • Report Tweet
        Replying to @Cernovich

        Everyone "knows" the market when they don't invest their own money or aren't the ones pressing the button to execute an order. It's like what Mike has said. Dollar Avg is key!

        0 replies 0 retweets 0 likes
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      1. Late Stage Emperor‏ @LifeDiv May 22
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        Replying to @Cernovich

        Buy everytime you get paid, no matter what.

        0 replies 0 retweets 0 likes
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      1. jerkwad152 👉 👌‏ @jerkwad152 May 22
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        Replying to @Cernovich

        This is why I trade in animal pelts.

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      1. Grimm Bastard  ☣‏ @BastardGrimm May 22
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        Replying to @Cernovich

        I went in with $500, let time do its thing, now it's worth $2500.

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      1. Carl Funkenstein‏ @CarlFunkenstein May 22
        • Report Tweet
        Replying to @Cernovich

        Holding long-term can work the exact same way. Look at Enron and Worldcom for good examples. Look at Tesla if you don’t see how important timing is.

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      1. New conversation
      2. Steph Monty‏ @Steph_Monty24 May 22
        • Report Tweet
        Replying to @Cernovich

        Especially true in volatile sectors such as bitcoin or gold. Emotions take over if you don't time your entry right and suffer a big drawdown. You then end up panic selling at the bottom. But using cycles and sentiment to identify entry points has been very useful for me.

        1 reply 0 retweets 0 likes
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