Hello Friend,
If this is your first visit to SoSuave, I would advise you to START HERE.
It will be the most efficient use of your time.
And you will learn everything you need to know to become a huge success with women.
Thank you for visiting and have a great day!
I don’t believe the “this time it’s different” narrative. The tech bubble of the 90’s they were saying the same thing. All those computers and solar panels need commodities, which are finite.
It's not that this time is different, it is that they are two completely different ecosystems/industries in terms of adoption. One has reached almost full penetration/adoption while the other is just the beginning(under 10% global) and will go through massive growth/adoption. I think both should be owned this decade, not either or. Tech networks eat every industry they touch ex(netflix, uber, google, amazon) because they are faster, cheaper, more efficient. Now it is happening to global finance, which by far has the largest potential market cap of them all. I don't think you realize what this really is yet, you should dig in more. Takes a while and a lot of hours to wrap your head around. Happy to give you some resources if interested.
I watched tons of bitcoin things on YouTube back when I was a crypto nut. When I invest in bitcoin at 15k whenever that was. But I do believe with the recent institutional buying has left crypto vulnerable to manipulation. That’s the main reason I don’t trust it and also why I was able to sell just before it crashed earlier this year.
To each their own, you have to do what you are comfortable with. I think you are looking at the wrong properties and indicators but only time will tell. Because institutions where late to the party they aren't the ones controlling the market. There is a massive wealth transfer happening before our eyes. Commodities should be a good place to be regardless though
Well if I had sold and it continues to moon I would have agreed with you. But I sold right before things tanked so I put some weight to my theory
Your timeframes are way too short, market also has full recovered since its previous peak and from the looks of it is heading much higher. Nothing growing this quickly moves in a straight line
For sure. And don’t get me wrong I’d love to become a millionaire so I could buy more commodities! But I don’t have much access to crypto certainly not the new ones. Which cryptos would be good to invest $50 in and become a millionaire? Or is that too unrealistic?
50 into a million is unrealistic haha I have been doing this a while and have seen people who have done really well and also people who get blown out. I wouldn't chase the fast money, for every one person that hits it, there are a 1000 who don't. Being new you aren't going to have the knowledge and discipline on when to get in and out. Its really a crap shoot on what scam coin is going to get momentum too, better to just focus on what it legit. Play the long game, over this next decade this whole industry could easily 100x. There are very solid projects that over the long term will give you the 20-100x, it just takes time. Personally I believe we are entering the last leg of the bull market, which could go anywhere from 2-6 months before we get a large extended correction. The last leg is also the most parabolic. If I was in your shoes starting now is, I would make your initial buys and hold. Set a small weekly buy as well. If the market goes really parabolic sell some off but keep that money dedicated to be reinvested when there is a 50% + correction. The real money is made buying in the bear market. When we do enter the bear market really focus on getting as much capital in as possible. Do that and be consistent over time, you will make a lot of money. Just give it at minimum 4yrs+
Hmmm yeah that’s pretty much my plan although I plan to hold my HUT shares till bitcoin goes parabolic then sell and wait for the bottom (I know you can’t time it perfect but you can get close).
What correction are you talking about? Sell now at your own peril.
Not now, think the market cap of crypto is about to go parabolic. It's really up to you if you want take some off the table at some point. If it gets overheated I will personally will take some off . Really have to just see how things play out but probably start evaluating in a few months, if I had the guess this next run gets the total crypto market cap to 7-10T. You also have to take in consideration taxes, if you are in California you are going to have a large tax bill selling/trading especially if it is considered short term gains. One thing I have done is set up a ROTH and hold crypto within it, so you can sell/trade without paying the cap gains. I have a good chunk in there
Yeah that's what I was thinking, but I was reading one of your other posts in here saying we are in a bull market which will change.
It will but not anytime soon
Is this not a concern ?
Not at all, it's just a sign the crypto market is maturing.
True until people decide they want to cash out , or another country bans it and all hell breaks loose
