It's nothing fancy, you know.
I could tell a 5 years old how to fish.
But what kind of trader/investor are you then ?
I don't believe in fundamental in Crypto.
Earnings works for stocks.
Crypto Macro Trends for 2022
- Thread starter johnarb
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It's nothing fancy, you know.
I could tell a 5 years old how to fish.
But what kind of trader/investor are you then ?
I don't believe in fundamental in Crypto.
Earnings works for stocks.
That’s great.
Could you, please, give me some names to watch for the next Bullrun ?
What do you think about NEAR, ROSE, ATOM, KNC ?
I think that now, trading crypto is more necessary than before. When the market caps were just a few billion, its easy to see how trying to trade it made no sense with an upside of 10x-100x. But right now, BTC will not see a 10x for possibly a few years and maybe even a decade. It doesn't mean its a bad investment to just buy and hold, and I like your strategy of holding 10 BTC just incase things go to shit very quickly, but I also think that if we magically get to 100k in the next few months, it will be a good sell zone, knowing that lots will be selling, and then scaling back in at lower prices.
50% and greater drops from 60k is much more painful than a 50% drop from 5k. And for BTC to do another 10x, it makes overtake the value of all the gold in the world, and once its over 10 trillion market cap, I think the world is fundamentally going to be much different. At those levels though, those 50% drops would be ultra painful and life changing in a bad way for many people. So I do think some sort of trading and holding onto profits will likely be necessary going forward.
I have not looked into any of those, myself. I have an interest in NEAR, maybe I'll do some research on it. I think I got into KNC 2 years ago and traded out, no opinion on it, currently
I can't give financial advice, though
Personally, I like Fantom and this obscure token called 2Share NFA
please dyor
I hear you, NoahA and do agree with you but to a certain point, because I've already achieved a certain net worth, I'm more protective of what we can lose
Risk management
My biggest holding is Bitcoin btc
All other crypto positions can be as further out the risk curve as I decide to go given a certain amount of risk tolerance for the size of the portfolio allocation
I don't have a negative opinion on Fantom, I just know that ride is near the end for the intermediate term and big bags are itching to take their profits, and some already have.
That's how DeFi goes, capital does not sit still and constantly looks for the next 100x opportunity & high yields. Coinbase listings are literally the exit liquidity events for those in early and bagholder entries for those that are late. And it's way overdue for FTM.
I do think it's the best of the competing EVM L1s and will have the most stickiness. But regardless, just like all these chains, it can't handle any real load or congestion and the average fees are creeping up from pennies to 10-20 cents and now regularly touching 50-100 cent levels during congested times.
I get all that you say about BTC and those worn out narratives but at the end of the day it's just a question of who is willing and able to pump BTC price, which now takes significant economic mass, on top bagholder debt and quite a few whales that will be needing to cash out. Joe Retail ain't interested, nor has the economic mass. Relying on dying boomers is a long shot.
It's for Wall Street and institutions to decide.
And really, if you're bullish on BTC, better off buying ETH instead for superior gains and pretty much the same risk. This literally comes from one of the guys who taught me and loves BTC. Boomer coin has limited upside.
You are making an assumption that any of these survive the bear market.
Cosmos/ATOM probably has the best shot out of those.
Joe Retail isn't taking BTC to new ATH, they enjoy the memecoin casino, it will be corporate treasuries & sovereign wealth funds. I suppose you could disagree but the numbers just keep rising.
https://www.buybitcoinworldwide.com/treasuries/
If you read my posts, I clearly state that institutions will take the bait, and in February. But it's not a guarantee.
The whole crypto market was convinced that BTC would be at 100k by end of last year and yet.... Even some BTC haters were surprised where it ended up.
So noone really knows. But one thing is very apparent. Crypto market, as a whole, is a lot more fragile than even the hardcore crypto vets realize.