Anyone have an opinion or feel on the BNB uptick? I realize there’s a lot of new projects hitting their network, but wondering if the spike in price is aligning with the Coinbase IPO... been waiting two weeks to get get my account finalized and watching their coin shoot to the moon is giving me anxiety.
Maybe your alt coins will perform differently than every other alt coin in the history of the space. Maybe not. Plenty of them looked awesome in 2017 too. Now? Not so much.
Majority of my crypto assets are BTC brother. But talking about 4 years ago is pretty pointless, it's clear other things are gaining momentum right now.
Litecoin xrp bitcoin cash eth and Cardano made that chart. 4 of the 5 have been around for a long time. Hell xrp hit like $3 in early 2018. You could read this exact thread from 2017 for tons of projects that were “gaining momentum.” Maybe this time is different for alts. Maybe it’s not.
The maximan himself is hard to take serious but remember there will likely be a correction and BTC will be included, but this time should be less affected considering the % of coins off exchange. Alts can be good short term but I still don’t want them forever. Most people can’t manage their USD, a future where there are dozens of coins in the average persons life is a fairy tale. The best long term hope for most of these alts is that they are a part of a useful platform with the crypto part of the equation buried beneath a layer two solution. And now we are back to where we were in 2017 with tons of products doing the exact same thing with slightly different terminology in their white paper. Get your bags now, but please don’t believe the notion of the shitcoin market being immensely safer than it was 4 years ago.
It's completely irrelevant that thousands of alt coins have pumped and dumped over the years? Guess we have different definitions of relevance. Maybe this time will be different though!
Yes it is completely irrelevant. There is a complete conversation going on around you that you continually miss.
Nah. You see alts going up in a bull market. Great. I've literally seen this show before. Maybe you'll have great timing trading them. Maybe you won't. But brushing off the long history of alts in this space as completely irrelevant is foolish.
If you wanna bet against crypto as an industry never taking off, then I guess just stick to btc. I feel sorry for people that can’t think bigger than a single asset in a disruptive tech space
In general it’s a discussion around different beta levels of your investments, but the 2017 ptsd is strong for everyone meanwhile there are products generating actual revenues for users
Name 5 alt coins you'd be willing to hold with 5% of your net worth for the next 4 years. Edit to add that ltc, xrp, cardano, btc cash, etc. have all been around for years and are hard to think of as doing anything different than in the past. And I think you're missing the point on "btc only." This is not more complicated than buying btc and waiting. It's addressable market cap is larger than any other coin. Will other stuff develop in the "crypto" space? Sure. Will I care? Maybe, depends on what it's for. I view alts as a bunch of people thinking that they can be venture capitalists and traders as a side job. Maybe you can do that as your actual job. The vast majority of people can't.
Well I wouldn’t hold any through a bear market than a suicide stack, same with btc and eth. Sushi comp aave rune uni are all easy bets. buying anything right now expecting to hold for 4 years just isn’t prudent investing when the whole space is up 10x or more. You better plan on taking profits on everything and buying back in a bear
I think a lot of people have made the move to anywhere from 1-5% of their investments in BTC. Forget which bank advised that, but one of them had a paper semi recently stating as much.
Nah. I'll keep doing what I've done for years. "Taking profits" so that I can pay taxes, pretend like I can time the market (spoiler: I can't), and convert btc into a worse asset is not prudent investing.
Cool man. But your whole premise on only investing on 4 yr cycles is one of many successful approaches, and not a given it’s the best performing in the future. But if you want to continue to only point to historical returns and ignore the future that is vastly different than 4 years ago, go ahead
Yeah I don’t want 5% in any single thing but that has nothing to do with your complete inability to participate in a discussion
Is todays gain enough to say that we aren't going to fall off a cliff like was talked about a few days ago in this thread? We either needed to move up or we were going to have a big down correction.
southside thinks btc will have a 40-50% correction in Q2 iirc. Huh? I don't only invest on 4 year cycles. I literally buy every time I have excess US dollars....bull or bear market. I'm also ~90% sure you have a post in here mocking the "this time is different" sentiment with respect to btc. I'm amused how you've switched from that to "this time is different for alts."
Your approach, and others, seems to be short-term trading and to treat this like the penny stocks thread. Good luck. I have nothing to add to that, have said countless times that it's a whole lot easier to just buy btc and wait, and you might as well put me on ignore.
Thanks and I told you before I buy $20-50 bucks of shit coins at a time because I’m bored. But my ADA is up so thanks FourClover01
I'm not sure what my net worth is (not very much), but most of my net worth is in my 401K and my house. Did any of you pull out money from your 401k to add to crypto? I don't plan on doing it. Especially not after the tear we're on. If we see a 20-30% pullback, I may look into it though.
I’m putting 5% of my savings each year into BTC just by recurring monthly payments. It’s not much and it’s not going to make me rich or anything. I essentially view it as just a diversification outside my 401k/ other investments which are largely all stocks/ ETF’s and my house / rental.
All of my 401k is in microstrategy. You could look there or to gbtc for price exposure. ETFs are coming if the pending applications are any indication. Once that happens, demand will be pretty wild imo.
Rumor disclaimer: Have heard random podcast chatter that wal mart bought $1b. Should be quite a few sec filings this month where companies would disclose any q1 purchases.
Coinbase Pro is giving me a $20 BTC reward for signing up. Can't wait to flip that and buy as much ADA as I can.
It’s basically a btc etf. The vast majority of my net worth is held in btc. Not sure why it would shock you that I’d want btc price exposure in my 401k as well.
It’s like $156k that’s now worth $280k or so. Would be more but it took me nearly 3 months to move $100k of that from an old employer to my new broker since the old one didn’t let me buy individual stocks. There’s a better chance I’m retired by the end of this year than I need a go fund me.
That’s nuts. Even the “believers” that are shared here are doing like 3-5% of their net worth in BTC, not 95%. As a BTC believer myself I hope it works out for you. That’s certainly way way more risk than im willing to take.