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Forum » Anyone selling some crypto now?
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Thread: Anyone selling some crypto now?

post 1638861223 05-18-2021, 01:58 PM
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#31
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Originally Posted By FinBra⏩
So your answer is you still think we're early on the ponzi, amirite?

I'm thinkng we're later

EDIT: My best anecdoate is boomer neighbors talking about dodge within the past week, reminds me of shoe shine boy. Makes me think the easy mines been made.
Call it a ponzi call it speculation. it doesn't matter. If enough people have crypto and the utility makes it a better choice, we won't be speculating anymore. rather we will have a baseline for its true value and then it can act more like traditional markets where people are trying to buy undervalued stocks and sell over valued.

If your boomber neighbor are just now talking about cypto....that should show you the potential. crypto has been around for 10 years and a lot of people don't know what it is and how it can be used.
-You are only as strong as your weakest link-
post 1638862843 05-18-2021, 02:13 PM
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#32
  1. FinBra
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Originally Posted By jlick⏩
Call it a ponzi call it speculation. it doesn't matter. If enough people have crypto and the utility makes it a better choice, we won't be speculating anymore. rather we will have a baseline for its true value and then it can act more like traditional markets where people are trying to buy undervalued stocks and sell over valued.

If your boomber neighbor are just now talking about cypto....that should show you the potential. crypto has been around for 10 years and a lot of people don't know what it is and how it can be used.
Its not that I doubt a few coins have long term potential - all sings, in almost all markets look hot as hell. And if you notice, crypto (bitcoin typically as that is where there is the most institutional money) has been reacting to yield moves in treasuries, so its already a traditional market. Now the smaller coins, you can consider analogous to penny stocks.
post 1638863743 05-18-2021, 02:21 PM
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#33
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Originally Posted By FinBra⏩
Its not that I doubt a few coins have long term potential - all sings, in almost all markets look hot as hell. And if you notice, crypto (bitcoin typically as that is where there is the most institutional money) has been reacting to yield moves in treasuries, so its already a traditional market. Now the smaller coins, you can consider analogous to penny stocks.
well it shouldn't be a surprise that cypto reactions to yield moves because its so intertwined with fiat right now. Either way, it's still very volatile....which you don't really get that much variance from your large company stocks. Once the true value is known, it won't be a "speculation" anymore. What is the true value? We don't know it yet....I think it's true value is higher than what it currently is. That's why Ive been a semi bullish on it (mostly just DCA and buying on the dips though).

But to go back to your original post...i don't need to convince you of anything. i'm not basing my investments on how you are feeling lol. And in terms of the risk i'm taking....my crypto assets are now about 3.5% of my total portfolio. I won't be screwed if I lose it all, but it could be very well likely that my biggest earner.
-You are only as strong as your weakest link-
post 1638864123 05-18-2021, 02:25 PM
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#34
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Originally Posted By jlick⏩
But to go back to your original post...i don't need to convince you of anything. i'm not basing my investments on how you are feeling lol. And in terms of the risk i'm taking....my crypto assets are now about 3.5% of my total portfolio. I won't be screwed if I lose it all, but it could be very well likely that my biggest earner.
Ive no idea what post you're addressing with this, but pretty sure its not mine.
post 1638914153 05-19-2021, 06:27 AM
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#35
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Originally Posted By FinBra⏩
Ran up 2K to 30K, been scaling out past few months - only 5K left in. Feels real toppy - and this is a market you wont be able to sell in when you need to so best to take profits on the way up
Bumping for my GOAT timing - hope some of you listened.
post 1638917463 05-19-2021, 07:11 AM
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#36
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suck the tip
i mean jump the ship
oh sorry i mean the end of the trip
wait till it stabilize ...dont follow the estrogen herd bastard
post 1638920913 05-19-2021, 07:45 AM
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#37
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Lotta posts didn't age well in here - where you at bag holders? Thought our ponzi was going higher?

Ouch to those cardano/btc/eth folks, they'll bet sitting for a while before breakeven if you were buying last week
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