Wait until it goes to zero...
Profiting from Crypto meltdown
- Thread starter RedDuke
- Start date
The guilty thing about wanting crypto to fall even more, is it will hurt the BTC donation Ukraine funds...
And you bottom fishers determine value how, buy some previous price level that was science fiction ?
Ok, but basically, in this case, you might as well flip a cow turd to get an entry point, same science.
Ok, but basically, in this case, you might as well flip a cow turd to get an entry point, same science.
Supply and demand!!
At some price the supply will dry up and if you want to buy you'll have to pay up.
No different than trading a stock.
My plan is to accumulate bitcoin. Just watching Luna crashing now is a little surprising, but its ok because I never really got too much into stablecoins. The fact that the Lunda foundation are selling bitcoin helps even explain the bitcoin drop. When you think about it, bitcoin is holding up very well. For me, bitcoin is a pure asset. I do also have a fair amount of Solana, so that kind of sucks because it was explained to me that Solana was perhaps going to be the ETH killer, but oh well. I have it staked, and will hold it for years if need be.
If the entire crypto industry goes into a crypto winter for a long time, bitcoin has the best chance of survival. In fact, if many coins continue to lose value, I wouldn't be surprised if buying demand for bitcoin increases, simply because of its pure status.
And if it all goes to shit, it doesn't matter. I didn't lose much like most people who have 6 or 7 figures worth. I still have a place to live and food to eat and a job. If excess is flushed out of the system, meaning the entire economy, then this means that everyone is suffering from government officials to bloated pension plans. I would enjoy a depression as I'm hard working and like to live frugally.
Tomorrow is earnings day for COIN. I bit the bullet to close out a short put because I already have too many contracts laid on. Simply wanted to take off a little bit of risk just in case COIN pulls the same shit after earnings as woke CEO of Nutflix did.
It's quite interesting, COIN actually has a low PE and positive earnings, unlike HOOD which for some reason just refuses to die. No good reason that HOOD only fell over 6% today while other techs who have cashflow got butchered many times over. Haw!
It's quite interesting, COIN actually has a low PE and positive earnings, unlike HOOD which for some reason just refuses to die. No good reason that HOOD only fell over 6% today while other techs who have cashflow got butchered many times over. Haw!
That’s a good no-frills attitude about having shelter and food and an income source to support a basic lifestyle. The thing to do is to remember everything and profit from it in future cycles.***
And if it all goes to shit, it doesn't matter. I didn't lose much like most people who have 6 or 7 figures worth. I still have a place to live and food to eat and a job. If excess is flushed out of the system, meaning the entire economy, then this means that everyone is suffering from government officials to bloated pension plans. I would enjoy a depression as I'm hard working and like to live frugally.
To expand your vision a little, you should see that bear markets are opportunities to get rich in a very relaxed manner. They vary by duration. If you’re young and can learn from your mistakes, you have it made.
A good question. For sure, there are no financial statements to make any fundamental analysis and look for margins of safety. So, you do what you can with the white paper, the current developments, and do your best for future projections.
Speaking of financial statements, do people even read those anymore? What's with those insane 100-1000 P/E ratios in the equities world? Fuck, a bunch of the S&P index are just zombie companies that don't even have earnings.