PoppedCorn
Saints
- Dec 29, 2009
- 19,601
- 37,718
- AFL Club
- St Kilda
I DCA weekly no matter the price
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I agree wholeheartedly with this sentiment man. I'm going to wait for the Federal Reserve meeting on the 1st of February (in particular the month following said meeting) as I believe the entire market will take a dip, and it's then that I'm going to buy up some ENJIN, MANA and SAND.I'm almost fully allocated again. Mostly BTC and ETH and keeping it simple this cycle unless a new narrative arrives.
One bold prediction I have is that NFTs will run again. They couldn't be held in lower regard then they are now, everyone hates them and considers them dead. But I've been looking at a few of the quality projects - don't own them (can't afford it) but it's interesting.
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Chromie Squiggles.
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Pudgy Penguins.
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Wonky Stonks.
Pretty good performance for a bear market.
I completed a basic division sum to determine my average Bitcoin buying price over the last year, and it came out at $39 000 AUD. Not bad, but not fantastic either...I DCA weekly no matter the price
NiceI agree wholeheartedly with this sentiment man. I'm going to wait for the Federal Reserve meeting on the 1st of February (in particular the month following said meeting) as I believe the entire market will take a dip, and it's then that I'm going to buy up some ENJIN, MANA and SAND.
Absolutely! The meta verse tokens have performed well recently - a very good sign.I agree wholeheartedly with this sentiment man. I'm going to wait for the Federal Reserve meeting on the 1st of February (in particular the month following said meeting) as I believe the entire market will take a dip, and it's then that I'm going to buy up some ENJIN, MANA and SAND.
They're good at finding bottoms.Don’t worry. They’ll be back when it crashes down to US $100k having peaked at 3 times that
your reading comprehension is about as good as your judgmentCaesar was posting nonsense about leverage as a reason we wouldn't go up when we were at 17k
75% invested at 16.5k seems like good judgement to me. How are your shorts going?your reading comprehension is about as good as your judgment
win or lose, mistaking gambling for investing is not good judgement75% invested at 16.5k seems like good judgement to me. How are your shorts going?
We could keep posting if you like.Where did the skeptics go? Are we still going to zero for buying a scam?
I like having some opposition here whether we're pumping or dumping. Not sure how others feel about it though.We could keep posting if you like.
Why did it go up 5% or whatever? Any reason outside "emotion" or sheep following sheep.
How do you differentiate between gambling and investing?win or lose, mistaking gambling for investing is not good judgement
and I don’t gamble
I like having some opposition here whether we're pumping or dumping. Not sure how others feel about it though.
My thoughts as to why we pumped:
1) Some large entities in the space have recently crashed and burned, which often forms the basis for final capitulation.
2) Sentiment was horrible. Everyone who wanted to sell had sold. Bull and bear markets start on buyer and seller exhaustion. When there's nobody left to sell, number goes up. Fwiw I expect the road to be rocky from here while believing we've bottomed.
3) Bitcoin at <20k USD and ETH at <1k USD are undervalued.
We just had our first higher high since 2021. That's a sign of strength.4) those buying bulk now and causing the price to jump will be the ones who get out before others are left holding the can.....
5) rinse & repeat
For anyone interested in understanding liquidity, these are both good charts to gauge it for TradFi and crypto (all in USD as it’s the dominant market). As Ted mentions, there was a spike for TradFi last week (about 400B), but this hasn’t flowed into crypto yet. Liquidity in the markets is down over 1T since the peak in 2020/2021, but is starting to recover this year. Recent upticks in crypto are stemming largely from shorts squeezing, rather than any increase in spot demand.
If you go back to the start of 2020, you can see how quickly liquidity spiked in TradFi markets (as we know the money printer was on and interest rates at zero), which obviously triggered major bull runs in all markets. You can then see this start to reverse in 2022, especially towards April/May.
A good article explaining what ‘market liquidity’ actually is: Teach Me Daddy | BitMEX Blog
How do you find quality NFT's?Checks VV absolutely sending. I’m telling you, quality NFTs will run this cycle.