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Will be looking for certain Fib levels which have been market tops the last few times...likely will dump out a week early since this info is more well known now.
I have less than a dozen positions but I go ALL IN on where I found value.
Sheeple. People jump on at the top. Alts will get their moment. But I see it mostly as a gamble play. My btc position I won't ever touch.
Tell ETH, SOL and AVAX that...they are crushing BTC right now when paired up
Yup. I bought some ETH this morning
All centralized crap, too. Which mostly end in massive dumps.
Bitcoin Maxi's that act as if it's the only play are actually the losers...as in losing out on a lot of money.
Oh you're right, Bitcoin is the loser.
Most of the people I follow are on twitter and youtube, there are a lot of them but here is some of what I do
Who is planning to hold when the market dumps? Why would anyone even hold BTC when it goes from 180K or whatever the top is down to 60K? Makes no sense.Oh you're right, Bitcoin is the loser.
Thanks, but I do my own research. I've been in the market for over 5 years, and have been watching Bitcoin for 11 years.
Alts always get rekt in the long run.
Go do some homework, noob.
Pure hype with zero fundamentals.
Sounds like your posts
To be fair, there are several reasons not to sell your entire position. First the tax implications, depending on the state and whether long or short term gains, you can pay anywhere from 30-40% in taxes. Then you have to take into consideration that what if there is a shorter/more shallow correction and you wait too long and don't actually catch the bottom. For example you are waiting for 60 and it only goes too 90. Very possible if you are looking at a supercycle and with current inflation. A lot of mass adoption/inflation variables plus it is actually really hard to call tops and bottoms. Nobody who is honest gets both sides perfectly, the highs and lows are very short windows of time. If you have long term conviction this is going anywhere from 500k-10M, you are essentially trying to thread a needle, taking on massive risk, and the majority of people are nowhere skilled enough to actually come out ahead in the end, most likely they will have a large tax bill and less bitcoin. This market very rarely does what everyone is expecting. Nothing wrong with taking profits and rebalancing to other assets but can assure you most people will lose trying to time the market. Unless you are a very skilled trader who is committed to this full time most aren't going to have the skill and emotional discipline to make that work in their favor. Max pain is having a winning lottery ticket and screwing it up. Just my 2 cents.
1) Trade on CEX's and not DEX's, which would avoid gas fees.
CEX = Centralized Exchange...Coinbase, Kucoin, Binance, etc...
