A good account to follow on Twitter is BowTiedBull.eth. They used to be known as the Wall Street Playboys. They are very bullish, and maybe even a little too bullish for me, and I'm all in. But they have forgotten more than most will ever know about money, so they are worth a follow. Their opinion is that we are nowhere near a bear market, and that we are going to range until August before busting higher in a big way.
I know the long term is really the big picture here. I got in Doge a little late at 33. But watching it go below my entry has me worried. That sinking feeling that us "hodlers" are all in on a big joke and the scams on us. Feeling good about ETH however. I too think the prices will be something else in 5 years.
I am just about positive that we are in a bear market .
Although the charts are not identical to 13 and 17 the principles are the same .
We are going through the same exact typical cycle .
We probably still have another 25 to 35% downside to go to hit bottom but we have seen all the ATHs we gonna see for a few years
Although the charts are not identical to 13 and 17 the principles are the same .
We are going through the same exact typical cycle .
We probably still have another 25 to 35% downside to go to hit bottom but we have seen all the ATHs we gonna see for a few years
I am buying more and the dips just let you accumulate more at a cheaper price. ETH, Chainlink and ALGO ( I have BTC too but I think there is more upside to the others at this point). The federal government is printing way to much money. I want some investments that are not closely correlated to the dollar. I am a HODL when it comes to cryptos. They have large swings in values all the time. Part of the way it works for now.
70% of the country stayed employed all of 2020, received 3 extra checks from the fed and had no ball games, theaters or Chuck E Cheese to waste their money on. 10% of the country make too much money to be eligible for the checks. 15% of the country received an extra $600 a week on top of unemployment to riot and complain about their oppression. Bitcoin got hot when the first checks came out because no one had places to blow their money. Now, everyone is getting back out of their caves and spending their leftover cash. But shit is expensive now. As bitcoin falls, people pull their holdings out to go on vacation. And then bitcoin falls some more. And so on and so forth. I think it'll settle back in the 20s.
I know you have been in Bitcoin for a while but at some point - when it hits a number you like - don't you want to convert to dollars? always remember what happens to the pigs (not calling you a pig) - but if Bitcoin goes back over 50K and uve made a big profit I would consider taking a bunch out - I wouldn't sell now because of the recent sell off
My friend touts Bitcoin and Ethereum - he put about 200K into them a long time about - it got up a little over 4 mil when Bitcoin was at it's high - everyday I had to hear how I missed out and he would never sell at any price - he was believer and I was the infidel - well last week he got nervous and sold all his Bitcoin - he still made a big profit but he lost a shit load compared to had he sold the prior month - what a huge believer he was when the tide wasn't rising - he still has the the Ethereum - hey, I wish I had put 100K into cryto several years ago - I just don't see how there can be value coming in this late - but I also would not be shocked if Bitcoin went to 100K or went to 0.00 - neither would surprise me
It is a risk on asset, it'll correlate with the risk on market assets (the high beta stocks, tech) for the most part
If the fed begins to slow taper next year, I do think that could take some wind of out of it. Similar to late 2018 before the pivot but other than that people are way too sure of which way the short-term movements will go.
Also agree retail don't matter too much.
If the fed begins to slow taper next year, I do think that could take some wind of out of it. Similar to late 2018 before the pivot but other than that people are way too sure of which way the short-term movements will go.
Also agree retail don't matter too much.
I like ALGO alot. I want to put my money with smart people. If you are a professor at MIT.....you are smart. I think his ideas make sense to me.
People that think cryptos have no value just dont get it. How does gold have value? Because it is a pretty metal? How about that dollar bill in your pocket...how does that have value? Didnt you learn about what has happened in history when a country prints money? See those pictures of people with wheel barrels full of money that is worthless?
Why cryptos will become big is they will change the way things are done. If you can do it faster and cheaper....it will be adopted. Cryptos and blockchain technology will be huge. Governments and big investors are now at the table.....cryptos aren't going anywhere.
