Crypto Blowing Up

[rsot]

Originally Posted by agent006140

It is going to draw a lot of people into investing in something they do not understand.
Or do not know where to keep their holdings safely

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[BlackLion]

Originally Posted by agent006140

It is going to draw a lot of people into investing in something they do not understand.
Or do not know where to keep their holdings safely

I'm never investing in Crypto the traditional way. However there are plenty of people making a living with BTC dividends which are paying their bills, vacations, food,etc

[BlackLion]

Originally Posted by agent006140

This is how it draws people into the game,they all want money to pay bills,vacations and food.
Many piled into Dogecoins at what ?1 cent/share !
what do you mean by traditional way vsnon traditional way?

The "traditional way" is how people originally invest into cryptocurrency involving wallets, brokers/exchanges.

The non traditional way is through ETF's, and although risky, people are making decent monthly income this way without having to invest an arm/leg, especially if they got in at a decent time or when shares are low.

[SaiJin]

I get the feeling that the current bull run is gonna end quicker than compared oto the previous one.

[rsot]

Originally Posted by SaiJin

I get the feeling that the current bull run is gonna end quicker than compared oto the previous one.

Certainly feels like it - seems like a quicker pump and dump...

[SaiJin]

Originally Posted by rsot

Certainly feels like it - seems like a quicker pump and dump...

why, you have some?

[rsot]

Originally Posted by SaiJin

why, you have some?

Thankfully I do - from way back - I'm still going to hold but the atmosphere around them does seem odd

[SaiJin]

I think we're in a final bull stretch.


PS: Agent, don't bother responding to this thread....

[murdered_by_ebay]

looking at price history one can conclude anything after 2021 was in fact a bear market and it still is so that any bull run during this time was merely a jump before a stronger fall

[rsot]

Originally Posted by SaiJin

I think we're in a final bull stretch.

Based on the stretch, are you going to unload SaiJin and then buy on the dip?

[SaiJin]

Originally Posted by rsot

Based on the stretch, are you going to unload SaiJin and then buy on the dip?

I'm just watching people's fears and them getting liquidated.

[james_112233]

Quite dissapointed with the bullrun so far. What are we thinking for Q2 ?

[rsot]

Originally Posted by james_112233

Quite dissapointed with the bullrun so far. What are we thinking for Q2 ?

I don't know - it has dropped all the way down so just holding - maybe a repop in Q3

[SaiJin]

Originally Posted by james_112233

Quite dissapointed with the bullrun so far. What are we thinking for Q2 ?

If you liquidate now you're around $15k ahead per coin.

So.....

[rsot]

27% gain this month to break 110k - looking good

[aspkin]

To think back this thread started in 2019 when bitcoin was around 10k a coin.. man I hope some of you guys held throughout the years. Never sell, just live off bitcoin.

[dabuds420]

Originally Posted by aspkin

To think back this thread started in 2019 when bitcoin was around 10k a coin.. man I hope some of you guys held throughout the years. Never sell, just live off bitcoin.

This is the way, it will continue to rise as inflation and real world currency collapses.

[dabuds420]

Originally Posted by agent006140

Never understand how such (inflation,war.world currencies collapse)factors are related to cryptos,if I were a major Bitcoin holder,I would see it as an opportunity to cash in on my holdings and buy properties-oil fields,houses,office buildings,factories,mines (copper,alumina,gold,lithium,silver,etc),anything of tangible values people need to survive !

Real world stuff definitely impacts crypto. Inflation, wars, banks collapsing.. people start looking for a way out. BTC reacts to that, it’s like a pressure valve. Not saying it’s perfect, but when trust in the system goes, people want control over their money. That’s why I hold the majority of my wealth in crypto.

Physical assets are great in a traditional sense but way less liquid. You can’t sell land or a building fast if things go south. Plus they can be seized, taxed, or even destroyed in war or disasters. Crypto’s different, it’s portable and can be moved instantly, no one can touch it if you’ve secured it right.

[dabuds420]

Originally Posted by agent006140

well said.
Did you read some crypto holders are being tortured for their passwords?

Yes, this is also a possibility.. but then again if you have wealth.. you should also have proportionate security to protect it.

There are people who will kill and do heinous things to steal wealth.

The saying goes, with wealth comes responsibility.. unless you hide it, which is no fun... you become a target.

In the worst case scenario, maybe it's best to have a dummy wallet, to give them something rather than nothing.

[aspkin]

Originally Posted by dabuds420

This is the way, it will continue to rise as inflation and real world currency collapses.

I strongly agree.

Bitcoin specifically. Other cryptos not so much imo.

[aspkin]

Originally Posted by agent006140

Never understand how such (inflation,war.world currencies collapse)factors are related to cryptos,if I were a major Bitcoin holder,I would see it as an opportunity to cash in on my holdings and buy properties-oil fields,houses,office buildings,factories,mines (copper,alumina,gold,lithium,silver,etc),anything of tangible values people need to survive !

I think a healthy mix is needed.

HOld Bitcoin but don't make it 100% of your assets..

I have real estate, I'm in the stock market and I have Bitcoin.

[dabuds420]

Originally Posted by aspkin

I strongly agree.

Bitcoin specifically. Other cryptos not so much imo.

Yes I agree Bitcoin primarily. However, there are definitely a small handful of great alt coins, one specifically that is Bitcoin 2.0 in the making .. technology moves forward but Bitcoin will always be the O.G gold standard and future store of value.