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Free registration at the forum removes this block.To be honest, I welcome this silence. Less distraction. I read someone say that bull markets are more stressful than bear markets, and I couldn't agree more.This thread is super active in a bull run, then when everyone's portfolio is sinking we just pretend crypto doesn't exist lmao
Completely unrelated, but I think Richard Branson said once:Sell now, sell low so you can buy high later. Hurry.
How do you make $1m?
Start with $2m.
To be honest, I welcome this silence. Less distraction. I read someone say that bull markets are more stressful than bear markets, and I couldn't agree more.
I do not think so, because it dropped too fast. I expect a rebound as soon as my friend's friends sell their doge they bought at 0.7So that's it huh? You guys really think that was the top and we are in for winter now?
I'm not much for making predictions, especially in the shorter timeframes, but what the hell, I will go on the record and call for a new ATH before year end.So that's it huh? You guys really think that was the top and we are in for winter now?
There’s no reason to post, just for the sake of posting. And I don’t think many people left this thread just because crypto went down.This thread is super active in a bull run, then when everyone's portfolio is sinking we just pretend crypto doesn't exist lmao
Thanks for thisIt's fair to say that the whole ecosystem lacks maturity. Even if you don't believe in any of this stuff, it seems like the 'smort' (not a typo, just stating... who knows what smart is) would be to have long exposure to ETH and instead of just HODL, hedge short with shitty alt coins.
Granted, it's specially difficult to be short, as a lot of these platforms don't even allow you to borrow or be short, but anyway... just sharing a passing thought. It would also be tricky to calculate the hedge I guess, but arguably could be done factoring in the delta of volatilities between coins.
Not that it's needed, but everything I say it's just for the sake of theoretical discussion and by no means should ANYONE take this as advice. I just like theoretical discussions and finance in general.
One of the hardest things to do is to finally jump into your Coinbase account and set up a standard recurring purchase and dollar cost average. I literally did this today after promising myself for years that I would do it. Right now, I'm 90% ethereum since that is what I personally believe in, and I have an amount of USD going in weekly that I can afford. I will stop contributing once it becomes clear that things have gone parabolic. I've watched this same scenario play out for over 10 years now. I bought the dip and my dollar cost average is at around $2100 for ethereum.I’m finally in as of a week ago. Lol
I don’t check it’s price, but I read this thread and then try to predict what btc is at. Going to go look now. You guys make it sound like it’s under $30k.
Update: Just checked. Guess I should be accumulation mode now.
My favorite meme creature.
What I fail to understand is why people without disposable money are treating crypto like a business? If you listened to the pumpers advice just a month ago or even weeks ago to "buy the dips!", you're in serious trouble right now. It just boggles my mind why those holding coins are rationalizing everything. This is VERY dangerous from an investment point of view.
At this moment in time, crypto is PURE speculation. I'm not talking about the technology, I'm talking about the coins. This is not a business, this is not an investment, this is not an asset. If you have $500k doing nothing in the bank, throw it at crypto if you want. But if you're working a 9-5 making $80k/year and think crypto is going to make you rich, you're going to be in for a bumpy ride. BTC is down almost 50% in weeks. 50%! Again, the pumpers are rationalizing this with "corrections are healthy". Lmao. This is line of reasoning is hilarious.
Yes, prices can jump back to ATH next week, but you also have to think about the other side. I know it hurts to have your $300k cut down to $80k in a week. Obviously you're going to try to rationalize everything in hopes it will go back up. This is human nature. But this is why you have to remove emotions, and think holistically.
What sucks is that Coinbase pro doesn’t have DCA.One of the hardest things to do is to finally jump into your Coinbase account and set up a standard recurring purchase and dollar cost average. I literally did this today after promising myself for years that I would do it. Right now, I'm 90% ethereum since that is what I personally believe in, and I have an amount of USD going in weekly that I can afford. I will stop contributing once it becomes clear that things have gone parabolic. I've watched this same scenario play out for over 10 years now. I bought the dip and my dollar cost average is at around $2100 for ethereum.
I talked with one of my 18 y/o employees and she has never heard of bitcoin until today. This makes me think that we have barely scratched the surface in terms of mass adoption.
Looking forward to watching things over the next several years.
Seeing as lots of those who cried for the moon shot are now crying for the final crash, I figure this isn't the final crash of this run. Going against what the popular opinion is has so far worked decent for me.
My other option is to sell some, that way the price will go up.
Didn’t you buy some at $5k after March? Figured this year would have brought your crypto allocation % up. Does this mean you are going heavier weighted than the norm of 5-10% that you normally see people mentioning? Just curious as I would take this as a sign of better adoption for the future if more people are upping their allocations.What sucks is that Coinbase pro doesn’t have DCA.
I should add that I don’t know what I’m doing. I’m just trying to even out my asset portfolio. Right now I am very heavily weighted in real estate. Next are stocks. I figured I should allocate some small percentage to crypto, so I’ll probably be slowly buying a little every month.
I think supercycle is intact. The market is doing what every uptrend has to go through, that are many mini-cycle of leveraging and deleveraging.
Have been buying a lot of alt as I know they ll outperform btc and blue chips in the coming leveraging cycle right after deleveragingIt’s already back up, almost time to start buying
You are supposed to wait for the ATH top to start buying again.It’s already back up, almost time to start buying
That’s why I said almost time, once we see a new top I’m going all inYou are supposed to wait for the ATH top to start buying again.
Idk where we are and don’t really care too much. Still doing what I said last week, buying the low 30-35k range and selling 40-45k range in pieces. Rinse and repeat for the next few weeks or however long this last. It will either drop to 20k where hopefully I still have monies to play with or bounce above the 48k range where I will buy at when it retest.So that's it huh? You guys really think that was the top and we are in for winter now?
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