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Xorkoth

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Why do you never hear about people who have large amounts of bitcoin getting money for any of them?

Wait, what? Dude, lots of people have gotten extremely wealthy off of Bitcoin and other cryptos, and I mean actual wealth from exchanging it back to fiat currency, not just theoretical wealth. At any point you can exchange them for fiat currency like US dollars, it is no problem at all. It's just about knowing when to sell, when to take profits. It is riskier than stocks and such, but the potential reward is far higher, too. If you're smart about it, you can make a lot of money, especially if you take out your initial investment once you make enough to do so, and from there it's no risk anymore, other than the risk you take determining how much you want to make. Exchanging it for regular money can be done very easily at any point.

Right now there is about $2.5 trillion dollars in the crypto space, and every cycle it grows much higher. Hundreds of billions of dollars worth are traded every day.

Please note though, you have to be very knowledgeable and smart, and learn a ton, in order to not lose money by making stupid decisions. If you play your cards right, you can make 50 times what you put in in a year (invest in the right altcoins at the bottom, then when the next bull market starts. these can easily 50x in price). And then make sure to sell at the top, or more accurately, take profits all the way up. dollar cost average your buy ins and sell outs.
 

Mr. Krinkle

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alright im back on the cardano train....i just grabbed it at 2.22 while there's a little dip going on

see how long it takes to make me mad this time and i hit the sell button again
 

Xorkoth

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It's hard to sit tight right now, but my resident charting crypto expert in my crypto group says none of the 5 signals he's looking for the end of the bull run are present. He believes we will reach new ATHs before the actual correction. In fact he's betting a lot on it, and he's made millions and millions from crypto since 2011.
 

Xorkoth

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I've made my third purchase of STAK (Jigstack) today, and I now have 25,500 tokens. I'm very excited about the project and so are my crypto buddies. Currently it's only on Uniswap. The team is about to release the "Stakbank", which is their platform where you stake your tokens to provide liquidity to their platform. The Jigstack platform allows defi deployment of ethereum network assets, and stakers get rewarded with returns of every token of every project launched on the platform, now and in the future. Once Stakbank is released, shortly after, the first launch on the platform will happen. I'm excited about its potential, my buddy believes it will be huge in the crypto space by next bull run. Right now it's about 5 cents per STAK. I bought my first lot about 24 hours after it launched on Uniswap, for like 2.5 cents each. So my average entry is around 3.5 cents. It looks to be one of the most promising assets to hold long term and stake.
 

Mr. Krinkle

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i grabbed ever more ADA when it dipped to 1.96 and then it went down to 1.92 and then came back up

i hope it dips again
 

Mr. Krinkle

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I guess Mark Cuban was wondering why he couldn't pay his pornhub bill either with ADA...


 

Xorkoth

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Ethereum's main issue is that when the network is busy (like always now), ETH gas fees are insanely high, and times can be rather long. Recently it was costing up to $500 for a brief period of time to buy stuff on Uniswap, because of out of control ETH gas costs. Ethereum is basically the prototype of the "crypto as services network" smart contract model of a blockchain. But the newer generation ones are substantially better at it. Even the Binance Smart Chain network, which is built off of Ethereum, managed to solve the issues that ETH has with network costs and time, and allows transactions for 5-10 gwei (which costs like fractions of a penny vs the cost of ETH transactions which is always at LEAST $25 per transaction) which go through in seconds.

ADA and many others are separate blockchain systems, which are in competition with Ethereum, and honestly do it better in many ways. But Ethereum is the basis for so many projects and services that I don't see it getting replaced too soon as the primary blockchain dapp platform. But I think probably at some point in the future, it will be replaced as the dominant altcoin, just as Bitcoin will be replaced (most likely by ETH) over time (I believe).
 

thujone

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Has everyone gone crypto crazy? This thread has been mostly crypto for the past six months. In Jan or Feb we discussed how a tweet from Musk sent Bitcoin soaring, now his latest tweet has chopped ~$10k off its value. How fast things change. Musk is behaving like Trump!

Big movements are happening out there in the real economy. Big tech is in a big slump. Oil is up, hoist C$ with it. A six year high. Commodities are rising.

The price of money is going up soon. BoC and BoE have already announced they are starting to taper bond purchasing, Fed has indicated an intent to follow suit ... next up will be the rate hikes. The end of ZIRP looms.
 

Bare_head

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i cant wait for tesla to sell their bitcoin and fuck off.

remind me of your tweet in 5 years thujone, bitcoin will still be here and inflation will keep on happnening.

until then... DCA and DYOR . dont put in what you cant afford to lose.

Fuck the governments !!!!!
 

electronDegenerate

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Honestly I just wish I had more money to buy crypto.
I do have some regular stocks but not much. I regularly pay into a few mutual funds and 3 retirement funds.
At this point my biggest worry is the value of the dollar crashing and my investments being worth nothing.
Crypto seems like the most available answer to me right now.
I think the bull market will end at the end of the year. I have some targets set to sell, and I will be paying off my debts with it hopefully.
 

Xorkoth

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My guess is also that at the bull run will continue until the end of December, or early January, and then will bleed out through 2022, and perhaps start a new bull run in 2023, or even 2024. Don't think the current one is over yet, it's just standard media/big money market manipulation to shake out noobs in a bear trap to drive down the price so they can buy up a bunch real cheap, at which point noobs will fomo back in. Then it will hit new ATHs, and then drop suddenly, which is the bull trap. noobs will panic sell again, then they will rise the price nearly as high, people will again FOMO back in, but then it will actually bleed out, noobs will think they ;learned their lesson and HODL through the entire bleed. It's classic crypto market psychology.

Everyone who buys into the engineered panic will lose money at least 3 times if they keep trying to get back in.

My advice: if you're in the red now, keeping holding, you only lose if you sell. If you have more capital, dollar cost average some more buys to help offset some of the lost opportunity. If I'm right and this is just a bear trap, then we're headed for even higher ATHs and you're good if just hold.

If I'm wrong, worst case scenario is just hold. f we get solid confirmation of the bear market, sell for a loss, but keep it in Tether and rebuy in like 6 months or so when the bleed is at maximum, so that you can get a larger position for your money. Then hang onto it, stake your Tether or whatever you have so it gives returns. Then watch your money go nuts in the next bull run, which will be even quite a lot higher than this one.

In a bull run, take profits regularly, since you don't actually make any money if you hold forever. In a bear market, hold, and stake for rewards, and keep increasing your positions as you can in dips. And, if you're up to it, learn futures trading and you van make solid money even when the market is steady down.
 

Mr. Krinkle

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My guess is also that at the bull run will continue until the end of December, or early January, and then will bleed out through 2022, and perhaps start a new bull run in 2023, or even 2024. Don't think the current one is over yet, it's just standard media/big money market manipulation to shake out noobs in a bear trap to drive down the price so they can buy up a bunch real cheap, at which point noobs will fomo back in. Then it will hit new ATHs, and then drop suddenly, which is the bull trap. noobs will panic sell again, then they will rise the price nearly as high, people will again FOMO back in, but then it will actually bleed out, noobs will think they ;learned their lesson and HODL through the entire bleed. It's classic crypto market psychology.

Everyone who buys into the engineered panic will lose money at least 3 times if they keep trying to get back in.

My advice: if you're in the red now, keeping holding, you only lose if you sell. If you have more capital, dollar cost average some more buys to help offset some of the lost opportunity. If I'm right and this is just a bear trap, then we're headed for even higher ATHs and you're good if just hold.

If I'm wrong, worst case scenario is just hold. f we get solid confirmation of the bear market, sell for a loss, but keep it in Tether and rebuy in like 6 months or so when the bleed is at maximum, so that you can get a larger position for your money. Then hang onto it, stake your Tether or whatever you have so it gives returns. Then watch your money go nuts in the next bull run, which will be even quite a lot higher than this one.

In a bull run, take profits regularly, since you don't actually make any money if you hold forever. In a bear market, hold, and stake for rewards, and keep increasing your positions as you can in dips. And, if you're up to it, learn futures trading and you van make solid money even when the market is steady down.


Been fun to watch so far since i woke up! holy shit.....
 

ions

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Aug 29, 2019
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lol, good time to buy. But the exchanges are experiencing and uptick in traffic so trading now most sell off. I'd be buying.
 
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