Leveraged long liquidations? I get the short squeeze on the way down but I don't follow on this one. Profit taking by those on margin? I thought that was a big hair cut for profit taking, but I'm not crypto savvy....or savvy in general.
OT- Bitcoin
- Thread starter redwine65
- Start date
I had some a couple years back, but unloaded it as I had a hard time seeing our govt allow it to go on too much longer.
In some ways, I like the idea of a decentralized currency. Regardless, our govt doesn't give up power and crypto has the potential to take power away from them.
Some comments here and the Blackrock etf application had me thinking about throwing a few bucks at GBTC. It trades at a discount to the NAV which implies some risk that I don't have a good handle on. So I did nothing...
If the financial markets collapse I will resort to begging people here for fractions of coins and sell foot pics online. My bases are covered.
Smart man... sounds about right on the time frame. Have a feeling there is going to be a dip in February 24 and then the bull. You may be a tad low on the BTC high though. I am thinking 150k to 180k
Would have to look at Fib levels for BTC....which I haven't.
Right now my thoughts are the dip we will see in Q1 will be short lived, and there is more risk in missing the shot vertical upside than catching the last dip.
Folks should bookmark this....as me call the market....
This is such a predictable cycle to generation of wealth
my polkastarter is up 403% since I bought the sbf dip...
imx up 259%, render up 230%, inj 257%....
the main issue I have is not knowing where to put the majority of money..
the lion share was btc..and thats only up 100% since the sbf dip...where I should of had in in polkastarter..
they need to tell me (no bs) which one is going to have the greatest % increase and the exact time to buy/sell..
imx up 259%, render up 230%, inj 257%....
the main issue I have is not knowing where to put the majority of money..
the lion share was btc..and thats only up 100% since the sbf dip...where I should of had in in polkastarter..
they need to tell me (no bs) which one is going to have the greatest % increase and the exact time to buy/sell..
Agreed. I’d add ETH, should do at least 1.5x BTC this cycleWould have to look at Fib levels for BTC....which I haven't.
Right now my thoughts are the dip we will see in Q1 will be short lived, and there is more risk in missing the shot vertical upside than catching the last dip.
Folks should bookmark this....as me call the market....
How do you crypto bros see crypto doing during a recession? So hypothetically unemployment hits 8%+ do you see a massive sell off, or will it still follow its usually cycle ?
No one really knows as the last recession was in 2007. My thought is it is built to be a better option during a recession
I know if I lose my job during a recession I would keep buying some fake online currency. Lol.
Don't get worked up crypto people. I'm just messing around.
Just a broke dick with a 401k that is approaching 6 figure gains this year. But yeah, I know, everyone on here made a million this year on crypto and options.
Damn bro. How’d your 401 kill it so much? I think mine is up 18% this year
Well obviously the starting principal matters but I think I'm up 24% or so. Nothing special, just a S&P 500 index and a small cap index. That includes contributions for the year.
If you had 100k into Cardano in September, you would have 250k right now. That is 150k in 3 months and we haven't even hit the bull yet. I am building an app on the Cardano Blockchain. I can assure you it is not fake money as I can turn ADA into USD in 5 minutes for a couple cents
Awesome. Seriously, good for you. Anyone that has bought and traded has stories like that. We also have stories of losing money that we don't brag about as much. It's kind of like gambling. Everyone knows a guy who always wins at the tables. Yeah right.
I have been DCAing since March of 2021. I have bought Cardano as high as $2.12 and as low as 0.24. I don't and won't sell any until new all time highs... dsmalls knows what I am talking about. Let's talk again in April of 2025
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Feel free. I'm not saying you are wrong but let's be honest. Any person who talks about something being easy hasn't been doing it long enough. There is always a catch.
And my other post was mainly just poking fun of the crypto people bragging and calling people broke picks. Face it, you could be 19 living in your moms basement and we wouldn't know the difference. Same for me.
The catch is research... There is no guarantee in anything in life, but the charts explain a lot. If you know how to read data charts and a recession does not happen. The bitcoin halving event has dictating the cycle the the previous 3 times. Not sure why it would change now, but you can never predict what will happen in a recession. That is why you DCA and wait until the recession is over if that is the case
Wait for global liquidity and ISM to turn over and sell. Be around Q1/Q2 2025
Instead of getting more Cardaro... I may get into some of their layer 2's that may 50x or 100x compared to Cardano 10x from here.
Thinking COTI... They built the djed stable coin for the cardano blockchains. I believe they are around $0.07 right now and can see I hitting $3 to $5 at the peak this bull
NFA
How do you see the numerous alt coins coexisting 5 to 10 years out?
Do you have any fear of regulatory risk with crypto in general?
Honest questions. I was in btc and eth but exited a while ago.
General consensus is if we hit a minor recession, which the markets are currently pricing in, crypto will not be effected much.
If we hit a major recession, it would likely hit all risk-on assets pretty hard, including crypto.
So it's something to keep an eye on for 2024, but the probability of a major recession is forecasted at low currently.
Sorry for the long response, but I want to give you a legit answer
I am going to be clear, I do not see a ton of the ecosystems making it the long haul. What people don't understand is the difference in the layers.
There are 3 Currencies that I see as the future of the Space.
If you want to compare it to the technology stocks
- Bitcoin - 1st Generation Web 3.0
is like
Think foundational things. The beginning of the Internet. Yahoo, AOL, MySpace, initial www sites etc...
- Ethereum - 2nd generation Web 3.0 (Inventers of Proof of Work)
is like
Google, Facebook, Twitter etc...
- Cardano - 3rd generation Web 3.0 (Inventers Proof of Stake)
is like
AI, Metaverse, Defi, DApps etc...
Now keep in mind all 3 have the capability to do what the others are doing, but Cardano is the furthest along when it comes to a secured decentralized space, but Ethereum and Bitcoin were around first, and people are more comfortable with them currently, but Cardano has more room to get bigger. Does that make sense?
Now to keep it in layman's terms
Bitcoin - Apple - Google
Ethereum - Microsoft - Facebook
Cardano - Dell - Twitter
Solana - HP - LinkedIn
Avalanche - Lenovo - YouTube
They all have their place and then there are the programs that get built on the ecosystems
Each Ecosystem have their own, but like this
Apple has
Safari
iTunes
iMovie
Pages
FaceTime
Microsoft has
Office
Edge
Teams
Media Player
One Drive
Now Blockchains Technologies (Ethereum, Bitcoin, Cardano etc...) Have their own unique versions of
Defi
Staking Software
Smart Contracts
NFT
Stablecoins
Lastly, Each project inside their ecosystem have their own currency. and those currencies value is based upon interest levels, how much it is use and how much people are willing to pay to use their products. Everything that gets built on ecosystem has it's own currency that can be converted on the Decentralized Exchanges and converted to the main ecosystem currency like BTC, ADA, SOL, ETH and then can be transferred to a centralized exchange like Coinbase, Binance, Crypto.com etc... and these Centralized Exchanges are where you can convert to Fiat (USD, Pounds, Yen etc...)
That is why Meme coins are dumb, because there is no business behind it, where as other aspects of crypto are 100% legit and will grow as the technology grows. If you really get into it there are new things that are coming out that will blow your mind. If you want to be safe
In order these 3 are going nowhere but up
Bitcoin
Ethereum
Cardano
bitcoin is king..(ok sec, per genzler)
eth has like 60% of the market built on it (ok sec per genzler)
I'm up cardono 130% (maybe not ok sec)
I think dot is gonna do well with web 3..it has the fastest amount of growing developers (ok sec)
solona is gonna do good unless it crashes again or all the ftx holders cash out early (maybe not ok sec)
avalanche is doing well (ok sec)
I think the big guys will pay their law by enforcement sec fines
but smaller guys like richard heart might go broke
in the end the black rock and the courts will make the laws...because congress can't
eth has like 60% of the market built on it (ok sec per genzler)
I'm up cardono 130% (maybe not ok sec)
I think dot is gonna do well with web 3..it has the fastest amount of growing developers (ok sec)
solona is gonna do good unless it crashes again or all the ftx holders cash out early (maybe not ok sec)
avalanche is doing well (ok sec)
I think the big guys will pay their law by enforcement sec fines
but smaller guys like richard heart might go broke
in the end the black rock and the courts will make the laws...because congress can't
Thank you for taking the time to write that out. IMHO, there is still significant risk here. Far too much for a person my age to go balls deep into something like this. That said, I might pick some up as a hedge. Maybe its Cardano.
On a related note, I did think the Black Rock EFT application was interesting. But then I saw something where they really only have to commit 100k, which is less than nothing to them.
Some smart dudes on this thread..
So what 3-5 coins are you heavily investing in until Q1 of ‘25?
Go!
So what 3-5 coins are you heavily investing in until Q1 of ‘25?
Go!
Understandable... New Tech is always a risk. Not all are going to be successful.
Investing in the Ecosystems are the Safer plays in general. If you take anything away from what I said take that. Those are your Ethereum's, Cardano's, Dot's, Solana etc...
Apple is AAPL
Microsoft is MSFT
Do you want to invest in the overall product or do you want to invest in the smaller project building software on them. Smaller project have more risk, but a hell of a lot more upside