Economy Bitcoin heading into the stratosphere again soon to hit 30,000 each

[MilesAbove]

He doesn’t understand and is also a notorious cry baby about crypto.

Weird. I'm not even a fan of money but a market is a market. Also, I hope he at least researched it's purposed function before deciding to hate it.

 

[forum poster]

 

[brackis1]

He doesn’t understand and is also a notorious cry baby about crypto.

What don't I understand about it? lol
Do you even get the NFT joke?
I'm laughing at a bunch of ants jizzing themselves over a pile of sugary inflation for a moment.

 

[MilesAbove]

Alts are fantastic. Wtf are you talking about? All success and failure in these markets have to do with overexposure and reactionary maneuvers.

 

[Sketch]

What don't I understand about it? lol

The way you post about it so sarcastically you either don’t understand how it works or you’re perpetually ass hurt you didn’t buy early. I don’t get it. You seem well versed for the most part in all other stocks and investing. Why don’t you just add some crypto to your portfolio? Even like 5 percent or something small.

 

[brackis1]

The way you post about it so sarcastically you either don’t understand how it works or you’re perpetually ass hurt you didn’t buy early. I don’t get it. You seem well versed for the most part in all other stocks and investing. Why don’t you just add some crypto to your portfolio? Even like 5 percent or something small.

I've already explained that about a dozen times in this thread and suggested some upward catalysts that have nothing to do with creating a rational defi currency for commerce.
Just like I don't sit around trying to convince my grandma to buy Tesla stock.

 

[forum poster]

Alts are fantastic. Wtf are you talking about? All success and failure in these markets have to do with overexposure and reactionary maneuvers.

There's a lot of shitty alts I lost money on when starting out. I recently converted all my shitty coins into BNB because it had the option on my app.

Luckily I do have some good alts and they're my main ones. ETH, ADA, XRP(worried about this one) XLM, XMR, DASH, CHAINLINK, LTC.

The biggest percentage are ADA, XLM, ETH,

 

[Sketch]

I've already explained that about a dozen times in this thread and suggested some upward catalysts that have nothing to do with creating a rational defi currency for commerce.
Just like I don't sit around trying to convince my grandma to buy Tesla stock.

Well you’re missing out to not have a portion of your portfolio in crypto. Specifically Bitcoin and etherum.

 

[brackis1]

Well you’re missing out to not have a portion of your portfolio in crypto. Specifically Bitcoin and etherum.

Yes, that is the definition of not participating in something, missing out on all aspects.

You're loading those words with one-directional bias. The market is an ever inflating fractal of repeated speculation over centuries and it's comical to watch people deluded into thinking otherwise as they spend their weekend getting hype thinking some mega revolution is coming where the market starts rewarding random schmoes throwing caution to the wind.

If I ever have a need to use cryptocurrency I'll acquire it for a utility-equivalent amount of other currency, or if there is a fundamental change in the risk-weighted ability to make repeated money off arbitrage, which is what I do with stocks. It is also possible for me to short and hold proxy stocks like RIOT MARA MGI MSTR but again, I'd only daytrade them.

 

[MilesAbove]

There's a lot of shitty alts I lost money on when starting out. I recently converted all my shitty coins into BNB because it had the option on my app.

Luckily I do have some good alts and they're my main ones. ETH, ADA, XRP(worried about this one) XLM, XMR, DASH, CHAINLINK, LTC.

The biggest percentage are ADA, XLM, ETH,

Some good choices, and yes I know there are a billion shitty alts... but that usually comes with a lack of deep research. Of course some are pushed outta the market or infighting kills them, but alts are awesome for me (not even counting the insanity of this last month).

ADA is my second largest position after BTC now that I've leveled out of 60% of my RVN. And who knows, I might regret dipping out of some RVN. But I kept a moonbag, so if it does continue the rocketship, I'll be plenty rich. Plus, keeping the profits in a 10% yield and continuing my ADA and BTC staking will keep me comfortable for the next decade, barring a full sector meltdown (which isn't impossible). But that's why I hedge with USDC and USDT in the yield.

 

[Sketch]

Yes, that is the definition of not participating in something, missing out.
You're loading those words with one-directional bias. The market is an ever inflating fractal of repeated speculation and it's comical to watch people deluded into thinking otherwise.
If I ever have a need to use cryptocurrency I'll acquire it for a utility-equivalent amount of currency, or if there is a fundamental change in the risk-weighted ability to make repeated money off arbitrage, which is what I do with stocks.

Man you are naive.

 

[brackis1]

Man you are naive.

Cool story guy.
Definitely didn't get my NFT joke.
As usual, totally incapable of writing out a real thought or analysis of anything.

 

[forum poster]

Some good choices, and yes I know there are a billion shitty alts... but that usually comes with a lack of deep research. Of course some are pushed outta the market or infighting kills them, but alts are awesome for me (not even counting the insanity of this last month).

ADA is my second largest position after BTC now that I've leveled out of 60% of my RVN. And who knows, I might regret dipping out of some RVN. But I kept a moonbag, so if it does continue the rocketship, I'll be plenty rich. Plus, keeping the profits in a 10% yield and continuing my ADA and BTC staking will keep me comfortable for the next decade, barring a full sector meltdown (which isn't impossible). But that's why I hedge with USDC and USDT in the yield.

Yeah man I used to buy BTC (a fair amount) to buy "stuff" of a certain website, when BTC was around 200. I didn't save any unfortunately

I only jumped into crypto with big money in before the crash. Not at their all-time highs but fairly close. All the current enthisiam of Crypto now feels similar to early 2018. A lot newbs are going to be crushed just like the last crash.

But over the next few years I bought bits and pieces here and there when ETH, Stella and litecoin were really low. So now I'm pretty much at double the amount I've invested as of now.
I plan on leaving them in for 10 or so years depending on what happens.

I'd like to buy more ADA but binance is fucked with their authorization for me.

And just last week I was thinking of buying into UNISWAP, but now they just jumped up 50% over night

 

[Sketch]

Cool story guy.
Definitely didn't get my NFT joke.
As usual, totally incapable of writing out a real thought or analysis of anything.

Lol ok

 

[MilesAbove]

Yeah man I used to buy BTC (a fair amount) to buy "stuff" of a certain website, when BTC was around 200.

I only jumped into crypto with big money in before the crash. Not at their all-time highs but fairly close. All the current enthisiam of Crypto now feels similar to early 2018. A lot newbs are going to be crushed just like the last crash.

But over the next few years I bought bits and pieces here and there when ETH, Stella and litecoin were really low. So now I'm pretty much at double the amount I've invested as of now.
I plan on leaving them in for 10 or so years depending on what happens.

Yeah, I stayed out for a long-ass time. As I noted above, I only even got in because of dumbass Robinhood. But prior to that I'd been throwing in small capital here and there for the heck of it. Now that I have to be all in, I'm glad I followed it for the past half-decade.

The crash will come, of course. It's a market cycle. Could be this year. Could be next. But this was a great time to wander in ass backwards. Now with RVN up 12x I was able to level out well into the five figures while leaving a moonbag. That means BTC/ETH and some Gold/Silver. I'd buy land if I could, but living that expat life where I can't easily enough to pull the trigger. And legit always hedge with USDC/USDT now because that crash will feel fine if you are gaining 10% APY on your hedge.

Also, not for nothing, but there's an apparent fundamental difference between this cycle and the last two. Crypto is starting to be intensely noticed by financial and dinosaur industries. There's also some very good new project sectors in the crypto space. RVN is just one, and may die out in the end. ADA, Compound, Celo and a dozen others are all doing highly interesting things in the space.

 

[forum poster]

Yeah, I stayed out for a long-ass time. As I noted above, I only even got in because of dumbass Robinhood. But prior to that I'd been throwing in small capital here and there for the heck of it. Now that I have to be all in, I'm glad I followed it for the past half-decade.

The crash will come, of course. It's a market cycle. Could be this year. Could be next. But this was a great time to wander in ass backwards. Now with RVN up 12x I was able to level out well into the five figures while leaving a moonbag. That means BTC/ETH and some Gold/Silver. I'd buy land if I could, but living that expat life where I can't easily enough to pull the trigger. And legit always hedge with USDC/USDT now because that crash will feel fine if you are gaining 10% APY on your hedge.

Also, not for nothing, but there's an apparent fundamental difference between this cycle and the last two. Crypto is starting to be intensely noticed by financial and dinosaur industries. There's also some very good new project sectors in the crypto space. RVN is just one, and may die out in the end. ADA, Compound, Celo and a dozen others are all doing highly interesting things in the space.

Whats the deal with Ravencoin?

It seems to have flown through the roof in the last days/weeks.

 

[DoomPatrol]

Google trend; "Buy crypto"
This is not a good sign. It shows a lot of "dumb money" is entering, and that means "smart money" will dump on them soon.

Yeah but there's also a lot more mainstream acceptance of Bitcoin by real companies. That's going to stabilize that specific coin a lot just because of that.

 

[MilesAbove]

Whats the deal with Ravencoin?

It seems to have flown through the roof in the last days/weeks.

I'll be honest, I couldn't begin to understand but if I had to guess...

The Robinhood exodus and Gamestop hearings have made a lot of people look for a fully decentralized project. South Korea and Turkey are both VERY big on Raven, and I assume that's partly due to it's easy mining, as well as both countries having very real concerns about privacy. Estonia is also VERY big on it, and Estonia is one of the biggest exporters of gold/silver in Europe due to tax haven status. Ravencoin tokenizes physical assets, so there'd be good reason to use it with those kinds of assets. The Philippines also seem to be high on it for land deeds and property shares.

But I'm not going to pretend I fully comprehend it's growth as of late. I liked the philosophy of it. I read through it's whitepaper and listened to the guys working on it... and it just made sense. I wish I could take credit for the timing, but again... walked ass-backword into high profits. Walked in at 0.021 and 0.029 thinking it might work out as a 5-year investment and a plan to buy small top-ups on dips. Then it went bananas and now I made 1200% and 800% profits respectively. And because I'm not an idiot, I leveled out as it rocketed up while keeping a moonbag in case it goes crazy over the next 5-10 years. If not, I still made a profit.

 

[brackis1]

I'll be honest, I couldn't begin to understand but if I had to guess...

The Robinhood exodus and Gamestop hearings have made a lot of people look for a fully decentralized project. \

Yeah man, it's because the average person sits around and thinks "my life needs DeFi now that I can't buy $400/shares of GME for 24 hrs on my shitty app!", it has nothing to do with it embodying the same promotional structure and promoters as gamestop to attract gamblers and people trying to push an asset for short term gains rofl.
Just like everyone was in Gamestop because they were fighting the man and read playboy for the articles.

 

[Mr Holmes]

You seem well versed for the most part in all other stocks and investing. Why don’t you just add some crypto to your portfolio? Even like 5 percent or something small.

Thats how it started out for me. I put 3% of my portfolio in BTC & ETH. Now, its grown to like 10%.