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Crypto: Is a run on the crypto bank possible. What if tether isn't actually backed by $US? Can the crypto exchanges like COIN stand a deluge of redemptions?

Not trying to catch the bottom. I'll wait for the trend to change, then look for the leaders. They probably won't be the old leaders, but who knows

Is that what you are doing or is it still a dream? Most of my friends have a vague idea of what I do. I don't talk about it unless they bring it up then we can trade stories. Most have their money with an advisor. Being polite no one asks how much I have or make, but they seem impressed when we...

Here is some Anti Crypto reading. Cryptocurrency Is a Giant Ponzi Scheme (jacobinmag.com) Gotta be true it's on the internet. :)

I understand. It's tough to explain why you do stuff when it doesn't make any sense. Good luck.

Now you really have me confused. It's not a bear market yet so you are not selling. When a bear market arrives you will sell and buy back lower. Wait you did sell a little so are you thinking we might get a bear market in the next little while. I'm trying to nail down how to determine when we...

I got it John. You want to accumulate as much crypto as possible. Could you address when you think we will be in a bear market? Is the drop from 67k to todays price not enough? At what point will you consider it a bear market. Once you decide that we are in a bear market, what is your...

So without referencing fiat price how will you decide it's a bear market? As a fundamental investor what fundamentals do you look at to determine crypto value? I'll take a look at your thread.

I couldn't agree more. And that's a good thing. It's what makes a market. I'm not arguing fiat vs crypto. I'm suggesting trading one for the other. When crypto is high trade it for fiat. When the price of crypto drops trade your fiat for crypto. For the most part I can't spend crypto right...

John; I'm just going back to a conversation we had a while back where you argued that trading bitcoin was unreasonable. I won't take the effort to go back and look it up but I'm sure you remember the thread. You wanted to make sure I had skin in the game. Your buy and hold against my trading...

John selling?? Is this capitulation? FOMO overcome by FOLM (Fear of losing more) Is trading vs investing starting to make more sense?

I haven't read the whole thread, just this post. It reminded me that as a child I really, really wanted a bike. I prayed to god for a bike but no bike appeared. I spent a whole year being good and every night I prayed for a bike. It took a year but I finally realized that God didn't work that...

I agree, he seems like a reasonable guy. You have to remember that he's a politician and for the most part they are not that trustworthy. The only guy who will tell you bigger lies than a politician is yourself when your trades are underwater. :)

Any kind of a plan or are you just spinning the wheel and betting on red?

Don't see any news.

Not sure about a crash, but the stocks I own are starting to roll over and give me sell signals. I don't see a downside to cash.I can always buy back later even if it's higher. I'm looking both ways and I see something that might be a danger to my capital so I'm waiting to see what it is.

Did they mention that if something was coming not to step out in front of it? :)

This is the best way to test a strategy. Try and prove that it doesn't work. If you can't prove it doesn't work then maybe, just maybe, you'll have a strategy that works.

Mine is when in doubt get out. Then do nothing. It's amazing how much clearer you think when you don't have a position.

I tried trading with Bigalows kickers a while back. (He talks a good line) My experience was that they didn't work well for me. I'm not saying they don't work only that they didn't work for me. I got stopped out enough to make the strategy sub par.