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linkin06 said:
You sell in retirement. The point of holding is that you have to time it right twice. Case in point is end of this year. And even all of last year when everyone says we’re going into recession.

If you’re holding stocks for investing, your time horizon is decades. Most of portfolio gains happen in just a handful of big Green Day’s. When you sell and try to time it, you probably are gonna miss out. So dollar cost average, and when market takes a ****ter, buy more and be thankful for the discount


View attachment 380106
Click to expand...

Does this apply to crypto? Everyone is so sure of the 4 year bull/bear cycle.
 
Z-Qualizer said:
Good point… I didn’t realize SOL’s market cap was still that small. Lately people have been talking about it like it’s going to flip bitcoin 😂

Im probably watching too much crypto YT.
Click to expand...

ETH market cap 278 bil
SOL market cap 48.5 bil

I guess this is starting to look like a possibility considering how fast SOL is pumping and how relatively slow ETH has been. Probably not during this bull run perhaps the next two or three?
 
Are USDT (91 bil) and USDC (25 bil) money on the sidelines? Why so much?
 
Z-Qualizer said:
Waiting for the spot bitcoin ETFs??
Click to expand...

With Barry Silbert resigning from Grayscale, I think this clears the way for ETF to be approved. The big boys (BlackRock, Fidelity, etc) will now run the show. BTC and crypto will be ring fenced on their platforms and number go up will make the normies happy.

I’m an ideologue who still holds my own crypto but will participate via my self directed IRA. I don’t think this is the way to gain sovereignty over our digital property, but it’s a start for mass adoption. Hopefully we see more participants want to take control of their digital assets and use them as they see fit (trading, purchases, borrowing/lending markets, etc). I think as we navigate through this 4th Turning and global geopolitical shift, more questions about true ownership arise, but I can only hope. Mass Adoption is here and it is what it is. But price IMO is on the way up. Congrats I guess
 
Direct Laryngoscopy said:
With Barry Silbert resigning from Grayscale, I think this clears the way for ETF to be approved. The big boys (BlackRock, Fidelity, etc) will now run the show. BTC and crypto will be ring fenced on their platforms and number go up will make the normies happy.

I’m an ideologue who still holds my own crypto but will participate via my self directed IRA. I don’t think this is the way to gain sovereignty over our digital property, but it’s a start for mass adoption. Hopefully we see more participants want to take control of their digital assets and use them as they see fit (trading, purchases, borrowing/lending markets, etc). I think as we navigate through this 4th Turning and global geopolitical shift, more questions about true ownership arise, but I can only hope. Mass Adoption is here and it is what it is. But price IMO is on the way up. Congrats I guess
Click to expand...
If there’s no ETF… the price plummets? Is ETF buying largely priced in? How can you even determine these things when there’s no company involved?
 
triggermaster said:
If there’s no ETF… the price plummets? Is ETF buying largely priced in? How can you even determine these things when there’s no company involved?
Click to expand...

ETF pricing can't be priced in when there's no ETF to buy from yet.

There's also the halvening next year.
 
mentos said:
ETF pricing can't be priced in when there's no ETF to buy from yet.

There's also the halvening next year.
Click to expand...
I meant expectation of increased demand from purchases by new ETFs could be priced in and price might shoot down if that doesn’t happen.
Like buy-out offers at a premium for real companies, but for crypto.
 
triggermaster said:
I meant expectation of increased demand from purchases by new ETFs could be priced in and price might shoot down if that doesn’t happen.
Like buy-out offers at a premium for real companies, but for crypto.
Click to expand...
Yes, spot ETF rejections would likely lead to a short term pull back… this would only be a short term set back and not change the long term trajectory.

The spot ETF is just a catalyst, not the crux.
 
kb1900 said:
stunned at how much hype Solana has gotten given how terrible the growing pains were on that chain. does no-one recall the entire network going down TWICE.
Click to expand...

Firedancer upgrade is supposed to fix that. I can see the appeal of SOL. When I transferred SOL to a wallet, it cost next to nothing. Maybe 0.01 SOL. When I transferred ETH to a wallet, the fee was ridiculous.
 
Direct Laryngoscopy said:
If this is your first bull Market, it’s usually BTC —> ETH —> ALTS —> sh*tcoins. This bullrun is a little different, but I think this isn’t the true run we’re about to see. Fun times ahead.
Click to expand...

So far it's been BTC, **** coins, alts, ETH.
 
YTD.png

Looking forward to 2024.
 
When I started this thread in 2020, I recommended hodling for at least 4 years to go through a full bull bear cycle. Enjoy the highs of the market, and look for opportunities in the depths of the lows.
 
mentos said:
I read it dropped because ETF approval won't happen, or got delayed.
Click to expand...
So apparently a single news outlet called “The Block” published a story this morning that the bitcoin ETFs *may* be rejected. This story was based on the opinion of an analyst at “Matrixport”. Ever heard of either of those? Me neither… but this was bearish enough news to make the price dump 7%.

BUT… now there are reports that Nasdaq team members are meeting with the SEC staff this afternoon… which should be bullish.

What a ride!!
 
Are there that many people using leverage? Guess they didn't learn two years ago.
 
The US debt has increased $1 trillion dollars over the last 15 weeks, no over $34,000,000,000,000.00 Those clowns in DC are not gonna slow printing and issuing more debt. We’re in an election year, and historically the money printing doesn’t slow down.

I hope the will of the people overcomes the idiocy of Washington DC. But at this point, my expectations are low because those clowns don’t serve the interests of the people they are elected to serve.
 
cointelegraph.com

IRS rules require reporting data from $10k crypto transactions in 2024

Crypto reporting requirements under the United States bipartisan infrastructure law officially took effect on Jan. 1, and many crypto users are concerned.
cointelegraph.com cointelegraph.com

So if I send 10k worth of crypto from a wallet to an exchange, am I supposed to report that I received it from myself? What if the amount of coins was worth 9.9k when sent, but the next day the coins are worth 10k?
 
mentos said:
cointelegraph.com

IRS rules require reporting data from $10k crypto transactions in 2024

Crypto reporting requirements under the United States bipartisan infrastructure law officially took effect on Jan. 1, and many crypto users are concerned.
cointelegraph.com cointelegraph.com

So if I send 10k worth of crypto from a wallet to an exchange, am I supposed to report that I received it from myself? What if the amount of coins was worth 9.9k when sent, but the next day the coins are worth 10k?
Click to expand...

I don’t think you report it if you’re just sending
it to yourself.
 
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