Whether it's your first Bonnaroo or you’re a music festival veteran, we welcome you to Inforoo.
Here you'll find info about artists, rumors, camping tips, and the infamous Roo Clues. Have a look around then create an account and join in the fun. See you at Bonnaroo!!
Actually to expand on this. We're in the middle of a bull market so prices are inflated. There will 100% be a bear market following. The question is how far down will the bear market take us.
This first chart pretty accurately shows what should happen and is a nice meme so I'll share. I think we're somewhere in between hope and optimism rn- probably closer to optimism
This is why I say short term you could probably get it cheaper in a few months to a year.
I'm gonna make another post for my other meme charts
Post by Silver Surfer on Feb 16, 2021 12:26:47 GMT -5
But this is why I say longterm it's never a bad idea to buy. Bitcoin and most other cryptocurrencies have a set supply and that supply will eventually not be able to reach demand which makes prices inflate. You could probably relate it to gas prices or something since oil isn't renewable/btc isn't renewable. This chart shows some people's theory on BTCs future price- the stock to flow model. It literally has not been wrong yet.
Post by JustKillingTime on Feb 16, 2021 21:49:57 GMT -5
I'm not implying this time will be different, believe me, I've been doing this like 3 weeks, but what causes these massive corrections and why is everyone certain it'll happen again?
I'm not implying this time will be different, believe me, I've been doing this like 3 weeks, but what causes these massive corrections and why is everyone certain it'll happen again?
Well in a healthy bull market, we see corrections to the 21-week moving average. Usually when an asset goes full parabolic like we’ve been seeing in the last 2 months, it needs to come back to reality. Everything is way overvalued right now.
For all you crypto guys, what percentage of your non-retirement investments are in crypto vs individual stocks, ETFs, etc.
All in on crypto rn because of the nonexistent barriers to entry. Had Robinhood years ago but when they got updated their system they banned my account and wont let me reopen it, and I just cant be bothered to make a new account. Plan on eventually doing an index fund, and definitely do wanna invest in cannabis stocks but ^
For all you crypto guys, what percentage of your non-retirement investments are in crypto vs individual stocks, ETFs, etc.
All in on crypto rn because of the nonexistent barriers to entry. Had Robinhood years ago but when they got updated their system they banned my account and wont let me reopen it, and I just cant be bothered to make a new account. Plan on eventually doing an index fund, and definitely do wanna invest in cannabis stocks but ^
Vanguard, Ameritrade, and Webull are all great RH alternatives.
I got on this ride at 3k in 2017. I also sold some when it hit 4k again in 2019, that was a bummer looking back. All in all, a fun ride so far, cant wait for 100k.
Post by piggy pablo on Feb 20, 2021 9:58:50 GMT -5
It's not crypto but have yall heard about NBA Top Shot? It's like a blockchain-based digital trading card of NBA highlights. Really weird and interesting use of the technology. You buy packs for anywhere from 9 to 230 bucks and the plays are auto-generated after a day's action. Something like that. Then there's a resale market. Some of these cards have sold for 100k dollars. Some people have too much money.
It's not crypto but have yall heard about NBA Top Shot? It's like a blockchain-based digital trading card of NBA highlights. Really weird and interesting use of the technology. You buy packs for anywhere from 9 to 230 bucks and the plays are auto-generated after a day's action. Something like that. Then there's a resale market. Some of these cards have sold for 100k dollars. Some people have too much money.
Yeah all those NFT things are huge. Technically ethereum iirc
/cloudfront-us-east-1.images.arcpublishing.com/pmn/F2DZV6HWURCYDBBJVN2UJ4NNVY.jpg)
