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Big shit today is STORJ which is up like 100%. ANKR is up about 32%. A couple seconds ago it hit its all time high of $0.1921. I made about $450 overnight, but my plan is to wait to pull out my $1k initial until it's worth substantially more. I was originally thinking wait until $0.30-35 or so, so as not to lose a bunch of the coins if it gets into the dollars or tens of dollars. I have about 7,600 or so, and clearly that's not something you want to liquidate if it's going above a buck. But I may pull the $1k out if it hits $0.25 and just leave the rest to ride as per usual plan.
This shit is so crazy compared to the stock market that you know you're in for decades. I've said it 10x on this thread, and I just wish I had the confidence to jump in/out and swing trade all day. So my plan continues to be invest and then pull that investment back at a certain point to hold $2k in cash at all times for opportunities. I think I'm up about 297-300% since December. It's all on paper at the moment unfortunately. And also (un)fortunately, I refuse to risk real money on this stuff even though I figure I could probably borrow $50k and quadruple or quintuple that in a few months. But no chance of playing that type of risk for me.
Big shit today is STORJ which is up like 100%. ANKR is up about 32%. A couple seconds ago it hit its all time high of $0.1921. I made about $450 overnight, but my plan is to wait to pull out my $1k initial until it's worth substantially more. I was originally thinking wait until $0.30-35 or so, so as not to lose a bunch of the coins if it gets into the dollars or tens of dollars. I have about 7,600 or so, and clearly that's not something you want to liquidate if it's going above a buck. But I may pull the $1k out if it hits $0.25 and just leave the rest to ride as per usual plan.
This shit is so crazy compared to the stock market that you know you're in for decades. I've said it 10x on this thread, and I just wish I had the confidence to jump in/out and swing trade all day. So my plan continues to be invest and then pull that investment back at a certain point to hold $2k in cash at all times for opportunities. I think I'm up about 297-300% since December. It's all on paper at the moment unfortunately. And also (un)fortunately, I refuse to risk real money on this stuff even though I figure I could probably borrow $50k and quadruple or quintuple that in a few months. But no chance of playing that type of risk for me.
Idk Kim. Only thing I know about it is that it recently listed on Coinbase. Same for Ankr. Ideally we have the foresight to get that kind of shit when it’s like a hundredth or a cent or so and make a mint. But I prefer the low cost coins at least worth a little bit. I’m hearing that Phase 2 of Cake City kicked in today at .25 ETH. Phase 3 is I think .3. I’m not sure where they plan to list once the early funding rounds are finished. But one of my people called me today to say I had 30 minutes to get in. I opted to chill back at 250/coin because I’m watching Ankr and Verox hard right now and I bought those 21 Savix last night. So I felt like I have a full plate compared to what I’m used to.
Went ahead and got my G back on Ankr at $0.1998 and made a free 2,538 tokens. Probably a pussy-ass move on my part there, but it plays into my overall strategy of not being ultra greedy and picking up free shit.
PayPal enabling crypto payments for literally anything bought with PayPal today. That's pretty damn huge for BTC, ETH, and LTC
So my understanding is if you want to pay with something via Crypto, you have to pay the taxes on converting the BTC to USD when you purchase the item. The IRS treats the action as a transfer even before the actual purchase. I don't know how many people are aware of that generally, and tbh it hasn't been a big deal for a while since most of the companies that have accepted Crypto to this point live in the grey area and probably don't report transactions to the IRS. For a firm like PayPal, not paying that tax might lead to an IRS call, and I think it will limit how many people choose to go this route for transactions.
PayPal enabling crypto payments for literally anything bought with PayPal today. That's pretty damn huge for BTC, ETH, and LTC
So my understanding is if you want to pay with something via Crypto, you have to pay the taxes on converting the BTC to USD when you purchase the item. The IRS treats the action as a transfer even before the actual purchase. I don't know how many people are aware of that generally, and tbh it hasn't been a big deal for a while since most of the companies that have accepted Crypto to this point live in the grey area and probably don't report transactions to the IRS. For a firm like PayPal, not paying that tax might lead to an IRS call, and I think it will limit how many people choose to go this route for transactions.
I mean the fact that dogecoin is worth 5 cents shows that people don't care about utility. Plus I'm sure paypals legal team has already thought of solutions to that. Also there's a grey area between real crypto and paypal crypto. iirc their crypto is really just an iou similar to robinhood so it isn't like you're actually using bitcoin or whatever
Either way I'm sure there will be clearer details once they actually announce and the media will run with it regardless of if people have to pay a separate tax on purchases
Same, took some profits last week. Definitely nervous as hell but feel like there's a little left in the tank
I think it’s fine as long as you’re not selling the majority of your holdings. I only sell 10% of my short to mid term portfolio.
I think I want to sell a majority of my holdings though tbh, at least during this bull. What started as money I was comfortable losing has turned into money Im not comfortable losing lol and Id rather try to cash out and buy back in during the bear. But man that's so hard to time
I think it’s fine as long as you’re not selling the majority of your holdings. I only sell 10% of my short to mid term portfolio.
I think I want to sell a majority of my holdings though tbh, at least during this bull. What started as money I was comfortable losing has turned into money Im not comfortable losing lol and Id rather try to cash out and buy back in during the bear. But man that's so hard to time
Why are you bearish? I think we’re still 9 months away from a bear market. Best rebuy opportunity will be BTC testing 20-week MA but that could happen in months.
I think I want to sell a majority of my holdings though tbh, at least during this bull. What started as money I was comfortable losing has turned into money Im not comfortable losing lol and Id rather try to cash out and buy back in during the bear. But man that's so hard to time
Why are you bearish? I think we’re still 9 months away from a bear market. Best rebuy opportunity will be BTC testing 20-week MA but that could happen in months.
I'm bearish on everything rn, housing, stocks, crypto. Everything is just so inflated so I'm worried the rug will be pulled. And in my eyes the bull started in October so I feel like it's been going on really long
I think it’s fine as long as you’re not selling the majority of your holdings. I only sell 10% of my short to mid term portfolio.
I think I want to sell a majority of my holdings though tbh, at least during this bull. What started as money I was comfortable losing has turned into money Im not comfortable losing lol and Id rather try to cash out and buy back in during the bear. But man that's so hard to time
I’ve never bought an IPO only ICOs. Does it usually pump right out the gates and correct in the days that follow? ICOs usually just rally for weeks / months until they have 95% correction lmao
big day today. incredible how far BTC has come, very excited to see how high CoinBase goes today
You buying?
I've been at the point where I'm not buying, but I'm def not selling my BTC for a while now, and it continues to go up. It might be time for me to let go of having an insanely low basis and start buying again.
I'm not going to buy coinbase stock and don't like the company, to be honest, but this day is an accomplishment for BTC more than coinbase itself. I think I posted on here a month or so ago that I thought BTC would hit 100k in a couple of years then level out and stake out 8% returns like the rest of the stock market, but I believe that the number before it normalizes returns is probably much higher than 100k now. It might hit 100k by the fourth of July.
I'm not going to buy coinbase stock and don't like the company, to be honest, but this day is an accomplishment for BTC more than coinbase itself. I think I posted on here a month or so ago that I thought BTC would hit 100k in a couple of years then level out and stake out 8% returns like the rest of the stock market, but I believe that the number before it normalizes returns is probably much higher than 100k now. It might hit 100k by the fourth of July.
Yeah I’m thinking 500K but not this cycle. I’m expecting 70K then a test of the 20-week and then a rally to 100K before we enter the bear market.
