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- Apr 23, 2006
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I'm not sure what that response means?
I'm not sure what that response means?
I'm not sure what that response means?
I know for myself, I bought more then my share of dips these past few weeks. Nothing like a good dip, double dip then a scary drop off the edge… 😂Surprise at having To wait for your next paycheck to have the cash to buy a dip
Surprise at having To wait for your next paycheck to have the cash to buy a dip
I think he’s a resident. If not a new attending.
joined SDN 15 years ago, I'm hoping not still a resident or just graduated
Surprise at having To wait for your next paycheck to have the cash to buy a dip
I've gotten trigger happy earlier this year when I bought the dip hard and it kept on dipping. Now I know better.
I have my eye on the $DXY chart a strong $USD is bad for equities and BTC (which is still a risk off asset, but might be changing). But I still believe the Federal Reserve won’t taper and will continue to debase the US fiat dollar with massive money printing so BTC will increase vs the USD in the long run. Still bullish but I see this as a buying opportunity and we could see price range from 49-58K as more accumulation Continues.
If price falls below the 50W MA (presently 47.2K I’ll be looking at 35 and 20K
I hate to be the bearer of bad news but the Fed is already tapering. At this point it’s just a question of how quickly they do it and how much they can raise interest rates without throwing our economy into another recession. Powell and the Fed could care less about cryptocurrency. Inflation is here, the party is over.
Faster Fed taper, earlier rate hikes in sight as unemployment falls
Federal Reserve policymakers look likely to accelerate the winddown of their bond-buying program when they meet later this month as they respond to a tightening labor market and move to open the door to earlier rate hikes than they had projected.www.reuters.com
“Likely to taper” lol
If a taper was actually attempted, my bet is they will reverse course. A taper would result in an equity markets crash. The treasury and Federal reserve are in lockstep. No politician wants a crash on their watch. Plus a lot of them are heavily invested in the markets( like the federal reserve bankers who were trading options before monetary policy).
Senate Stock Trade Disclosures
Realtime feed of of stock trades filed as part of federal financial disclosure requirements.sec.report
So, no I don’t believe a real sustained taper is on the horizon. Talk of a likely taper is much different than a taper that actually occurs. As for BTC I think the party continues till a blow off top sometime 2022. If that doesn’t happen and we drop hard, I’ll be accumulating like I have.
In light of the substantial further progress the economy has made toward the Committee's goals since last December, the Committee decided to begin reducing the monthly pace of its net asset purchases by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities.
Visa launches crypto consulting services in push for mainstream adoption
Visa is launching new consulting and advisory services to help its clients navigate the world of cryptocurrencies.www.google.com
More mainstream acceptance.
I'm holding LRC until it hits $1000. In all seriousness though, it wouldn't be foolish if you sold and it went to the moon if you had already made money on it. If you're green, you're green. Sure it'd be nice to suddenly have retirement money, but as long as you don't sell in the red...What is everyone's exit plan? Are you guys holding ETH until it hits 10k? 20k? 50k? What if it never goes higher than 5k?
When ETH 2.0 comes out and my staked ETH gets unlocked, I need to decide to sell or hold. I would feel foolish if it I didn't sell and it crashed, defeating the purpose of locking it up this whole time. I would feel equally foolish if I sold and it went to the moon.
What is everyone's exit plan? Are you guys holding ETH until it hits 10k? 20k? 50k? What if it never goes higher than 5k?
When ETH 2.0 comes out and my staked ETH gets unlocked, I need to decide to sell or hold. I would feel foolish if it I didn't sell and it crashed, defeating the purpose of locking it up this whole time. I would feel equally foolish if I sold and it went to the moon.
Current plan is to buy the dips for the next 4 years, and exit ~ December 2025.What is everyone's exit plan? Are you guys holding ETH until it hits 10k? 20k? 50k? What if it never goes higher than 5k?
When ETH 2.0 comes out and my staked ETH gets unlocked, I need to decide to sell or hold. I would feel foolish if it I didn't sell and it crashed, defeating the purpose of locking it up this whole time. I would feel equally foolish if I sold and it went to the moon.
I'm holding longer term (at least 1 to 2 years). If I lose money, I accept the risk.
Median hold time for Eth and bitcoin is only ~70 to 75 days per coinbase.
The timing of when to sell is tough and no one can predict the right answer. Similar to buying individual stocks.
Current plan is to buy the dips for the next 4 years, and exit ~ December 2025.
My plan is based on 10+ years of existing data (BTC), market cycles, trends, etc. Sure there’s some “luck” involved, but I’ve also done quite a bit of research.why such a specific, short term exit plan? That sort of plan basically requires being lucky on timing of things.
My plan is based on 10+ years of existing data (BTC), market cycles, trends, etc. Sure there’s some “luck” involved, but I’ve also done quite a bit of research.
And yes, I could be dead wrong… but I’m willing to take that risk, for the potential reward. I guess in 4 years we’ll see if I was right or not?
No, I won’t cash out and take a loss… if/when that happens, I will hold indefinitely until I’m back in the green, or until I die, whichever comes first.so if you are down quite a bit 4 years from now you are cashing out and taking your losses?
I just don't get it. If you are a believer, you should hold for the long term. I mean maybe you have some arbitrary cutoff of being up 5x or 10x or whatever that you are going to sell 50% or 75% or whatever. But to just say I'm done on this date win or lose seems like a terrible mindset for an investment.
No, I won’t cash out and take a loss… if/when that happens, I will hold indefinitely until I’m back in the green, or until I die, whichever comes first.
So you you have a position, opinion, or advice about anything? Or just curious what I’m doing?
so in other words you are not exactly planning to exit your crypto position in December of 2025
I was just curious about the details of what sounds like a bizarre timing strategy. I view crypto as a fabulously interesting idea, although I view current coins as wildly speculative bets that do not have much inherent margin of safety as an investment. I own some small positions that I follow for fun, although it is probably less than 0.1% of my net worth.
Your posting history jumps from 4 years ago talking about going to pharmacy school to this thread talking about your crypto strategy. I found it interesting.
What is everyone's exit plan? Are you guys holding ETH until it hits 10k? 20k? 50k? What if it never goes higher than 5k?
When ETH 2.0 comes out and my staked ETH gets unlocked, I need to decide to sell or hold. I would feel foolish if it I didn't sell and it crashed, defeating the purpose of locking it up this whole time. I would feel equally foolish if I sold and it went to the moon.
Target price would allow for early retirement for me which means working part-time and doing something else the rest of the time. If there’s a fundamental change in the project, obviously I would sell at whatever price point. I’m betting on significant penetration of “traditional finance,” however long that takes. Even a small percentage of penetration would mean significant demand for ETH. If it becomes the “settlement layer” for Web 3.0, well… I’ll probably never willingly step foot in a hospital ever again.
Cool. What's your target price?
Higher than it is now. Yours?
Higher than it is now. Yours?
My life is a lot different now. Do you find that strange?
Short term: noAre we still bullish?
Are we still bullish?
bitcoin down 30% today? 😂
BTC-USD glitched out today
BTC-USD glitched out today
Evergrow is the future. Its going to explode this year. I got over 130k in Evergrow. Hopefully by the end of the year, I will be able to retire and I just graduated from residency 6 months ago.