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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
hope you didnt sell lol
Oh god no I meant I wanted to sell within the next couple months
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
There's no hard and fast rule from what I've found. The most recent example would be roblox which went from $45 IPO price to $75 within seconds and stayed around $70 for a couple weeks then dipped to I think around $63 and is now $77
Oh god no I meant I wanted to sell within the next couple months
I'm probably gonna end up trying to time the top though which is dangerous
I think truevine's take some profits when you can but keep it pretty stable is probably the right move, but I'm probably just going to keep holding long term like I have to this point. The day I sell will likely be related to a house down-payment or something like that.
I'm probably gonna end up trying to time the top though which is dangerous
I think truevine's take some profits when you can but keep it pretty stable is probably the right move, but I'm probably just going to keep holding long term like I have to this point. The day I sell will likely be related to a house down-payment or something like that.
This strategy works for me because I basically have two portfolios. A short to mid term portfolio (3-18 months) and a long term portfolio (2-5 years). I don’t touch my longs. And only sell 5% of my short/mids at each price target.
I'm probably gonna end up trying to time the top though which is dangerous
I think truevine's take some profits when you can but keep it pretty stable is probably the right move, but I'm probably just going to keep holding long term like I have to this point. The day I sell will likely be related to a house down-payment or something like that.
Yeah I mean I graduate college in a couple weeks so it's almost like a safety net for me. I have at this point recuperated 75% of my investment while still having 80% of my portfolio so It isn't going too shabby so far. Just super anxious about a rug pull since my crypto holdings are no joke 3x the amount I have in my checkings account
I think truevine's take some profits when you can but keep it pretty stable is probably the right move, but I'm probably just going to keep holding long term like I have to this point. The day I sell will likely be related to a house down-payment or something like that.
Yeah I mean I graduate college in a couple weeks so it's almost like a safety net for me. I have at this point recuperated 75% of my investment while still having 80% of my portfolio so It isn't going too shabby so far. Just super anxious about a rug pull since my crypto holdings are no joke 3x the amount I have in my checkings account
Yeah I mean I graduate college in a couple weeks so it's almost like a safety net for me. I have at this point recuperated 75% of my investment while still having 80% of my portfolio so It isn't going too shabby so far. Just super anxious about a rug pull since my crypto holdings are no joke 3x the amount I have in my checkings account
Yeah I mean I graduate college in a couple weeks so it's almost like a safety net for me. I have at this point recuperated 75% of my investment while still having 80% of my portfolio so It isn't going too shabby so far. Just super anxious about a rug pull since my crypto holdings are no joke 3x the amount I have in my checkings account
Mine are 10x lol
Good god you guys, lol. That's pretty awesome (assuming it's a gain!)
I'm not worried about crashing, long game here and I don't want any taxable events.
Post by Vinnie the Eel on Apr 14, 2021 10:27:58 GMT -5
Of course there will be a crash. I'm guessing it goes something like up to 70, down to 45-50, up to 100K. The only thing that'll really scare me is if it goes down to 20 or 30.
I've really enjoyed getting to know all these things and learning more, it's been fun.
tbh im not one of these people but if you are someone that thinks USD is worthless this is a pretty sharp way to manage it. taking big swings at a young age makes some sense, at long is you arent using debt to lever up
tbh im not one of these people but if you are someone that thinks USD is worthless this is a pretty sharp way to manage it. taking big swings at a young age makes some sense, at long is you arent using debt to lever up
Technically all currency is worthless, but USD is definitely incredibly inflated rn. Which is why I am worried about a rug pull. With everyone so anxious to go back to "normal" I am worried that all this excess money is eventually just gonna get sucked up and people wont be able to invest like they are able to right now. Also worried of something similar to Black Monday happening where banks had invested all our money and no one is able to take money out of the bank. There's so many question marks in the financial world rn so it makes me so anxious
tbh im not one of these people but if you are someone that thinks USD is worthless this is a pretty sharp way to manage it. taking big swings at a young age makes some sense, at long is you arent using debt to lever up
Technically all currency is worthless, but USD is definitely incredibly inflated rn. Which is why I am worried about a rug pull. With everyone so anxious to go back to "normal" I am worried that all this excess money is eventually just gonna get sucked up and people wont be able to invest like they are able to right now. Also worried of something similar to Black Monday happening where banks had invested all our money and no one is able to take money out of the bank. There's so many question marks in the financial world rn so it makes me so anxious
You're worried an economic recovery is going to cause a run on the banks?
Technically all currency is worthless, but USD is definitely incredibly inflated rn. Which is why I am worried about a rug pull. With everyone so anxious to go back to "normal" I am worried that all this excess money is eventually just gonna get sucked up and people wont be able to invest like they are able to right now. Also worried of something similar to Black Monday happening where banks had invested all our money and no one is able to take money out of the bank. There's so many question marks in the financial world rn so it makes me so anxious
You're worried an economic recovery is going to cause a run on the banks?
What does this have to do with a run on the banks during an economic recovery? I do agree that the economic recovery is shaky considering what is happening globally with the pandemic but I'm still not sure I understand why you think there is a risk of bank runs now or during a more robust recovery in the future. A run on the banks is insanely low on my list of things I would be worried about right now.
What does this have to do with a run on the banks during an economic recovery? I do agree that the economic recovery is shaky considering what is happening globally with the pandemic but I'm still not sure I understand why you think there is a risk of bank runs now or during a more robust recovery in the future. A run on the banks is insanely low on my list of things I would be worried about right now.
Because there's more money in bank accounts right now, meaning banks are investing more money right now. If a crash does happen it will be catastrophic.
What does this have to do with a run on the banks during an economic recovery? I do agree that the economic recovery is shaky considering what is happening globally with the pandemic but I'm still not sure I understand why you think there is a risk of bank runs now or during a more robust recovery in the future. A run on the banks is insanely low on my list of things I would be worried about right now.
Because there's more money in bank accounts right now, meaning banks are investing more money right now. If a crash does happen it will be catastrophic.
Ok. I guess i misinterpreted what you were saying. Thought you were concerned about a bank run DURING an economic recovery. Don't think anyone would argue against your point that an economic collapse would be bad but still not sure why you are so concerned about bank runs.
Because there's more money in bank accounts right now, meaning banks are investing more money right now. If a crash does happen it will be catastrophic.
Ok. I guess i misinterpreted what you were saying. Thought you were concerned about a bank run DURING an economic recovery. Don't think anyone would argue against your point that an economic collapse would be bad but still not sure why you are so concerned about bank runs.
I guess cause Im not a believer in banks, at least not with so much randomly injected money
tbh im not one of these people but if you are someone that thinks USD is worthless this is a pretty sharp way to manage it. taking big swings at a young age makes some sense, at long is you arent using debt to lever up
Technically all currency is worthless, but USD is definitely incredibly inflated rn. Which is why I am worried about a rug pull. With everyone so anxious to go back to "normal" I am worried that all this excess money is eventually just gonna get sucked up and people wont be able to invest like they are able to right now. Also worried of something similar to Black Monday happening where banks had invested all our money and no one is able to take money out of the bank. There's so many question marks in the financial world rn so it makes me so anxious
yeah I'm more bullish on USD than you are but I have seen this line of thinking and doubling down on crypto in this case makes sense.
Technically all currency is worthless, but USD is definitely incredibly inflated rn. Which is why I am worried about a rug pull. With everyone so anxious to go back to "normal" I am worried that all this excess money is eventually just gonna get sucked up and people wont be able to invest like they are able to right now. Also worried of something similar to Black Monday happening where banks had invested all our money and no one is able to take money out of the bank. There's so many question marks in the financial world rn so it makes me so anxious
yeah I'm more bullish on USD than you are but I have seen this line of thinking and doubling down on crypto in this case makes sense.
Maybe but there's also the argument that the crypto market is being pumped by Tether so the crypto market may end up not being as much of a safe haven as some believe. If it really is being pumped by Tether then I imagine any crash affecting USD would at least somewhat steep into the crypto market. And to be clear, I dont think it will happen yet but I do think itll be a pretty sizeable crash since like I said earlier a lot of the investment is coming from monopoly money
Post by Silver Surfer on Apr 14, 2021 11:47:52 GMT -5
People are able to invest right now because there really isn't anything better to do. The government is sending you money and you can't really spend it on luxuries so people are investing. However, with everything opening up- I presume people will wanna start going to bars again, buying concert tickets, eating at nice restaurants, going to ball games- and all of that takes money. If the government doesn't keep sending stimulus then people will have to cash out their investments. Also think it is fair to say that IF the gov does send another stimulus it wouldn't be invested like the last few and will instead be spent on luxuries.
