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Re: Crypto Blowing Up
 

Pretty much.
There was some switching between ETH and BNB in the duration to increase my ETH holdings as well.

Re: Crypto Blowing Up
 

Definitely bear market for now. I'd say wait until end of the year before we even see previous ATH reached.

Re: Crypto Blowing Up
 

Dollar cost average by acquiring on the dip for now - and hold

Re: Crypto Blowing Up
 

You feel it will go up 70-80% this year?

If so, what is the driving force?

Re: Crypto Blowing Up
 

I watched a trader live on youtube and they showed a trend of the previous which usually takes about 7 months for it to come back up.
He did say we are in bear market and it'd be foolish to sell and some what good time to buy more.

I forgot his name but he's one of the more sensible ones.

Re: Crypto Blowing Up
 

Perfect time for some swap trading.
Did a few transactions on the ETH/BNB pair - gained another 3.5% to my holdings.
The value of the currencies is of much less concern if thats what youre doing.

Re: Crypto Blowing Up
 

LIke I said, I don't know how to swap trade.

Kinda scared of messing it up then lose $$

Re: Crypto Blowing Up
 

You literally swap them. Much like moving your balances in your checking accounts. Move balance of BTC to another crypto when it is falling. Move it back if it trends up etc.... can more to a stable coin. Can leave them in a high interest yield exchange too. 8-10% plus any gains in swapping isnt a bad savings.

Re: Crypto Blowing Up
 

let's say BTC <-> Cardano

Cardano dips, use btc to buy some, then when cardano goes up, but more btc?

Things is what I see in my portfolio when BTC drops, almost everything drops

Re: Crypto Blowing Up
 

Not buy, Swap them. The margins are small. Yes, most things go up and down at similar times like the stock market but not everything moves at the same speed. You need watch one move faster than another.

What exchange are you using?

Re: Crypto Blowing Up
 

Frankly I wished I'd have taken out 50% during the ATH and use that to fund a business....

Re: Crypto Blowing Up
 

I fixed the phone auto corrections above. And sure, we all wish we had a crystal ball. I personally expect much more drops in all markets before much goes up. I would bet most everything I own the western world is headed for a long slow recession.

Re: Crypto Blowing Up
 

live and learn I suppose. Can't change the past.

I remember a trader friend told me we are going into recession if we aren't already in, but it shouldn't be worse than 2008.

I just want housing prices to drop to somewhat affordable level instead of the craziness we are in right now.

I'm using Binance.

Re: Crypto Blowing Up
 

EVERYTHING is worse than 2008. Housing market long term is very dim in the USA. Less and less people, more and more building etc. The 2020-2022 boom was artificial. Much like the crypto and stock market. The money is getting extracted out slowly. Second and third mortgages have already dropped 80-90% This will get rocky for many.

Binance is very easy to swap trade with very low fees.

Re: Crypto Blowing Up
 

I made over 100% profit on my investment in 2021 by swap trading.
In the last 48 hours I made 3.5% on swapping from ETH to BNB and then 24 later swapping it back to ETH.
Waiting now for BNB to go down again to repeat the process.
The margins are small but when youre playing with high amounts of money it still translates into big money. And over the course of a year these small transactions can easily add up to over 100% as I made in 2021.

Re: Crypto Blowing Up
 

I was looking at housing market in USA and it's insane people are paying over list price.

But again, I heard that around late 2023 the prices would be better in most areas.

Re: Crypto Blowing Up
 

The ETH Merge, if it happens this year. Bitcoin will have to wait until the halving unless some unknown event happens between now and then (2024).

Re: Crypto Blowing Up
 

ETH gonna merge with what?

Re: Crypto Blowing Up
 

There are a lot of potential catalysts upcoming. This is a bear trend and not a bear market. You have an Aussie Spot ETF coming this month and a USA spot ETF to follow sometime this year. Institutions and venture funds are raising tons of money and investing 100s of millions every week in web3 (crypto) protocols, along with Bitcoin, eth and other large caps.

I would not be at all worried about holding good coins right now. It is only a matter of time.

The eth merge (fully Proof of stake eth chain) will not likely happen this year but there will be a ton of working layer 2s to pick up the slack along with good EVM layer ones.

Yes, the housing market is a giant bubble. It is 2008 on steroids. It is only a matter of time before a massive correction in housing prices. Never fomo into any investment.

This is not financial advice.

Re: Crypto Blowing Up
 

Hmmm... trend vs market...

What's the difference?

Re: Crypto Blowing Up
 

This downturn in price is short term. Institutions and VCs don't enter a market to try and catch a falling knife. They signal the bottom. Retail enters in the middle and the top.

Re: Crypto Blowing Up
 

Geez, binance has been spamming me multiple times a day with a bunch of new alt coins.

Looks like crypto is becoming more like Walmart now.