Is the crypto winter over?

johnarb said:
Not sure if you're mocking me but I'll bite :D
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No, I wasn't mocking you. :) I know nearly nothing about the crypto space so I'm interested in hearing about it. Anyway, thanks for sharing. But how the hell do you keep up with all this (news, twits, discord and all)? I can't multitask. Just looking at the damn chart is a full time job for me. :confused:
 
schizo said:
No, I wasn't mocking you. :) I know nearly nothing about the crypto space so I'm interested in hearing about it. Anyway, thanks for sharing. But how the hell do you keep up with all this (news, twits, discord and all)? I can't multitask. Just looking at the damn chart is a full time job for me. :confused:
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Yes, all those things you mentioned. Reddit, too, r/cryptocurrencies, plus crypto research website, defi llama, dexscreener, coingecko, coinmarketcap, and many others

But the 1000's of % moves are not available to non-crypto folks, many of the tokens I mentioned were not listed on mainstream exchanges until they have gone up a lot or they were never listed at all

Dexes to get in early, because as soon as they get listed on (off-shore) binance dot com, they had gone up a lot already

Crypto wallets, web3, on-chain transactions in plain English
 
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schizo said:
I'm not sure how to respond. Do I seriously want to invest in something that crashes 90% 4 to 5 times, although it might recover its losses? Luckily, I'm a very short-term trader. :)
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You never heard of the "stay humble, stack sats"? or DCA?

If you put in $100 every week at the exact top of the Bitcoin bull market cycle, you'd be up 1000's of percent even at the bottom of the next bear market cycle

You will outperform 99% of the Bitcoin traders out there

Don't take my word for it, you can do the math

2013 bull market top $1,200 2017 bear market bottom $3200
2017 bull market top $20,000 2022 bear market bottom $15,000

https://www.statmuse.com/money/ask/price+of+bitcoin+in+2020
 
schizo said:
Still holding on to my short. But might have to bail out if it goes back up.
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you still holding your short?

I'm still holding my long. Good volatility the past 10 hours

upload_2023-3-16_12-10-29.png
 
johnarb said:
you still holding your short?

I'm still holding my long. Good volatility the past 10 hours
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Yup, still short. Good volatility for sure but the bulls still can't get this damn thing above 25,000. Once it closes above 25,000, I'll reverse. But until then, I plan to just sit tight and watch the surrounding scenery. :)

Here's a snippet from my previous reply:

schizo said:
I've always said you need to get above 25,000 to have turned the corner. But look what happened. There were 5 instances where it crossed above 25,000 but they all reversed and closed below it. Even when it went up as high as 26,500 yesterday, it closed below 25,000. Doesn't that tell you anything? They've set up a trap. Let's just hope that I'm wrong.
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schizo said:
Yup, still short. Good volatility for sure but the bulls still can't get this damn thing above 25,000. Once it closes above 25,000, I'll reverse. But until then, I plan to just sit tight and watch the surrounding scenery. :)

Here's a snippet from my previous reply:
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If you look at btcusd since March 10, hourly charts, trend is definitely rising.
A final break thru 25k is not far away.
 
themickey said:
My call, btcusd will rise above 25k within 24 hours and not go below again.
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I agree with this! And I haven't given up on $30k by Sunday night...

$2T of liquidity will be injected into the banking system as a result of the BTFP per JPM

$30B was the first drops in the bucket deposited to First Republic today
 
Big payout in dividends for REIT holders today. I only bought very little in the crypto sector during my lunch break. Took a few hundred shares of BIGG Digital Assets.

The rest went into doubling down on European real estate units that have been totally wrekt at the moment.

I'll check later into my RRSP and see what other dividends I received, then set up some limit orders for tomorrow. Most likely for real estate again, but I will toss a little to the way of crypto ETFs.

I refuse to actively trade crypto derivatives anymore... too many SBFs and other black swans out there. Buy & hold is the mantra of the day for me now.
 
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