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Shit like this is what makes crypto so enticing. Obviously I didn't choose this one but what market can you reasonably see 100%+ growth in under a day?
Buck 24 5x since you posted. There were plenty of opportunities to swing trade. I made a few bucks and my investment back and just left a hundred fifty to ride. Yet another chance to make giant money that I didn’t do because I don’t trust unregulated markets. But damn if I couldn’t be rich as fuck by now with this shit.
Post by JustKillingTime on Feb 11, 2021 16:55:54 GMT -5
dont think I'm going to yolo into any alt coins, but if any more experienced folks on here wanna chime in, what ratio of ETH:BTC would you recommend for a portfolio? Those are the two I think I wanna focus on.
dont think I'm going to yolo into any alt coins, but if any more experienced folks on here wanna chime in, what ratio of ETH:BTC would you recommend for a portfolio? Those are the two I think I wanna focus on.
Problem is (as of this post), Bitcoin is $47,759, and Ethereum is $1,780.68. BTC used to be in the $2k range just a couple years ago, and ETH was in the tens and hundreds last year. Some people think Bitcoin can get to $100k, $1MM, etc. And it's certainly possible. ETH should lag it, but there's plenty of upside if it follows BTC. But there isn't really that much value to be added in my opinion. Say BTC doubles, it's $95k. Alright, you did okay and hold something with some value. But what did you make on it? You don't have to YOLO to make money on Cryptos nor do you have to make high risk plays into speculative coins. There are plenty of midlevel coins and relatively cheap coins that you can profit handsomely off of and recoup your initial investment. Nobody knows the future of money. Blockchain is a good idea. But if it all falls apart due to some other technology, it will end up being mostly worthless except for certain applications to do with farmed goods, inventory and shit.
JMO. Don't be afraid to put a few hundred dollars to the test. Me, SS, truevine and others have posted numerous times in the last few weeks on coins that quintupled or more. Those opportunities are there. Verox is on the way up. It's up 57% today. I posted about it when I bought in at $72 two weeks ago, and it's at $347.
dont think I'm going to yolo into any alt coins, but if any more experienced folks on here wanna chime in, what ratio of ETH:BTC would you recommend for a portfolio? Those are the two I think I wanna focus on.
Problem is (as of this post), Bitcoin is $47,759, and Ethereum is $1,780.68. BTC used to be in the $2k range just a couple years ago, and ETH was in the tens and hundreds last year. Some people think Bitcoin can get to $100k, $1MM, etc. And it's certainly possible. ETH should lag it, but there's plenty of upside if it follows BTC. But there isn't really that much value to be added in my opinion. Say BTC doubles, it's $95k. Alright, you did okay and hold something with some value. But what did you make on it? You don't have to YOLO to make money on Cryptos nor do you have to make high risk plays into speculative coins. There are plenty of midlevel coins and relatively cheap coins that you can profit handsomely off of and recoup your initial investment. Nobody knows the future of money. Blockchain is a good idea. But if it all falls apart due to some other technology, it will end up being mostly worthless except for certain applications to do with farmed goods, inventory and shit.
JMO. Don't be afraid to put a few hundred dollars to the test. Me, SS, truevine and others have posted numerous times in the last few weeks on coins that quintupled or more. Those opportunities are there. Verox is on the way up. It's up 57% today. I posted about it when I bought in at $72 two weeks ago, and it's at $347.
good points - im a little risk averse (as far as risk averse people can be in this space). I'm planning on DCAing into ETH and BTC and once I'm more familiar with the space, maybe I'll dabble into some mid level shit
That's fair jkt. I'm not so much risk averse as much as I don't trust the clear opportunity for market manipulation in unregulated arenas. I don't really want to get Jong-iL or Putin or their cronies or the CIA or Ron Paul (heh) or other unsavory types rich on my dime while I'm getting worked or set up. So my approach has been just to play with a small amount of money. I haven't lost a dime except for dick fees to coinbase and ethereum. Sometimes you just need to hold. Remember, lots of people lose money cointelegraph.com/news/day-trading-bitcoin-why-95-of-traders-lose-money-and-fail
It doesn't have to be that way. I have had Bitcoin, Litecoin, Chainlink, Graph, Verox, etc. Not once did I lose anything - but like I said above, sometimes you might have to hold out for a long time. It took me 11 months to get my value back from Litecoin. And it's more than doubled since I sold out. So I'm not approaching this as a get rich quick scheme, more like a game. Maybe I'm the fool since I could have made tens or hundreds of thousands instead of a few hundred or a thousand bucks here or there. My advisor watches tons of videos, is in lots of telegram and other groups and doesn't even have a high school education. He hasn't missed for me yet. Uniswap is probably my biggest fail on not buying so far. He was begging me. Same with Verox which was in the mid-teens in December ($371 at the moment). But I can't go chasing everything.
Post by Silver Surfer on Feb 12, 2021 12:54:08 GMT -5
Nearing my first sell off point for XLM at .50
Got in sub 10 cents and have been hodling for years. Didn't sell in 2017 when it hits 90 cents and have been left with this bag. Time to learn from my mistakes and take some profits.
dont think I'm going to yolo into any alt coins, but if any more experienced folks on here wanna chime in, what ratio of ETH:BTC would you recommend for a portfolio? Those are the two I think I wanna focus on.
Problem is (as of this post), Bitcoin is $47,759, and Ethereum is $1,780.68. BTC used to be in the $2k range just a couple years ago, and ETH was in the tens and hundreds last year. Some people think Bitcoin can get to $100k, $1MM, etc. And it's certainly possible. ETH should lag it, but there's plenty of upside if it follows BTC. But there isn't really that much value to be added in my opinion. Say BTC doubles, it's $95k. Alright, you did okay and hold something with some value. But what did you make on it? You don't have to YOLO to make money on Cryptos nor do you have to make high risk plays into speculative coins. There are plenty of midlevel coins and relatively cheap coins that you can profit handsomely off of and recoup your initial investment. Nobody knows the future of money. Blockchain is a good idea. But if it all falls apart due to some other technology, it will end up being mostly worthless except for certain applications to do with farmed goods, inventory and shit.
JMO. Don't be afraid to put a few hundred dollars to the test. Me, SS, truevine and others have posted numerous times in the last few weeks on coins that quintupled or more. Those opportunities are there. Verox is on the way up. It's up 57% today. I posted about it when I bought in at $72 two weeks ago, and it's at $347.
would just like to point out that Bitcoin doubled in roughly 50 days
Got in sub 10 cents and have been hodling for years. Didn't sell in 2017 when it hits 90 cents and have been left with this bag. Time to learn from my mistakes and take some profits.
Got in sub 10 cents and have been hodling for years. Didn't sell in 2017 when it hits 90 cents and have been left with this bag. Time to learn from my mistakes and take some profits.
just hit it!
Sold 12% of my total supply for 50% of my original investment
Problem is (as of this post), Bitcoin is $47,759, and Ethereum is $1,780.68. BTC used to be in the $2k range just a couple years ago, and ETH was in the tens and hundreds last year. Some people think Bitcoin can get to $100k, $1MM, etc. And it's certainly possible. ETH should lag it, but there's plenty of upside if it follows BTC. But there isn't really that much value to be added in my opinion. Say BTC doubles, it's $95k. Alright, you did okay and hold something with some value. But what did you make on it? You don't have to YOLO to make money on Cryptos nor do you have to make high risk plays into speculative coins. There are plenty of midlevel coins and relatively cheap coins that you can profit handsomely off of and recoup your initial investment. Nobody knows the future of money. Blockchain is a good idea. But if it all falls apart due to some other technology, it will end up being mostly worthless except for certain applications to do with farmed goods, inventory and shit.
JMO. Don't be afraid to put a few hundred dollars to the test. Me, SS, truevine and others have posted numerous times in the last few weeks on coins that quintupled or more. Those opportunities are there. Verox is on the way up. It's up 57% today. I posted about it when I bought in at $72 two weeks ago, and it's at $347.
would just like to point out that Bitcoin doubled in roughly 50 days
Sure. And it's done that in a single day before. Verox has quadrupled to $405 in 3 days. That's the way it goes. Graph has tripled+ in a day. It really comes down to where someone thinks the top for Bitcoin is. Obviously people don't have to buy whole coins. If they think the price will double, they can purchase any dollar amount and see if it they're right. I don't have a feel for where it's going, so I don't really comment that much on Bitcoin itself. Gun to the head would say that as long as there is euphoria, there should be opportunities for appreciation. But at some point, we all know it will correct. Whether that's 5-15% or people left holding an empty bag, ?????
would just like to point out that Bitcoin doubled in roughly 50 days
Sure. And it's done that in a single day before. Verox has quadrupled to $405 in 3 days. That's the way it goes. Graph has tripled+ in a day. It really comes down to where someone thinks the top for Bitcoin is. Obviously people don't have to buy whole coins. If they think the price will double, they can purchase any dollar amount and see if it they're right. I don't have a feel for where it's going, so I don't really comment that much on Bitcoin itself. Gun to the head would say that as long as there is euphoria, there should be opportunities for appreciation. But at some point, we all know it will correct. Whether that's 5-15% or people left holding an empty bag, ?????
my gut says in 3 years there will be a stabilzation in price then it will appreciate similarly to an S&P 500 index fund.
Post by Silver Surfer on Feb 13, 2021 12:26:35 GMT -5
3 years seems short for full adoption. I think we'll definitely reach a point where it appreciates as slowly as an index fund but I don't see full retail adoption for like 7-10 years
My kid who turned me onto it a while back (he ended up panic jumping out and losing money) always maintained it was a long term play (do as I say...). He felt like there was some low billions market cap that would take it to upper 3's over even 4 figures if it ends up being a survivor currency. Whether it's this or a subsequent market, who knows? I made my money back in 3 weeks over Dec-Jan and just held onto the rest. I thought about getting a grand out last night, but I figured I'd hold on for a while and see what happens. I can get out if it tanks in the near-term and wait for a bottom to grab some more. Good luck to both of us.
My kid who turned me onto it a while back (he ended up panic jumping out and losing money) always maintained it was a long term play (do as I say...). He felt like there was some low billions market cap that would take it to upper 3's over even 4 figures if it ends up being a survivor currency. Whether it's this or a subsequent market, who knows? I made my money back in 3 weeks over Dec-Jan and just held onto the rest. I thought about getting a grand out last night, but I figured I'd hold on for a while and see what happens. I can get out if it tanks in the near-term and wait for a bottom to grab some more. Good luck to both of us.
Yeah it’s a longterm play. We’re past the accumulation phase and probably already in the euphoria phase where a lot of FOMO money gets dumped in. There’s institutional money coming in as well as younger first-time investors from Reddit / Tiktok who have never experienced what a 90% correction / bear market looks like.
I’m a 2017 refugee from ETH, never panic sold but definitely paid my tuition fees in lost profit potentials. That’s why this time around I have a systematic strategy in taking profits.
I got 50 free after in for $12.50/out $18.35. It's probably best to sit on that for a while. I'm definitely not opposed to getting some more if the price can spike low enough.
Verox is holding it's own in the mid 500's. I didn't have swing cash to grab it in the low teens back aound Christmas. I'll probably cash one out if it hits 1k or at least get my buy/fees back and leave those other couple in there in case it ever hits it big.
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