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Cryptocurrency mega-thread

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I’m not investing anymore than I can lose, but I have done enough research to suggest this bull cycle isn’t over. As with any market, of course this could change quickly and history may be completely wrong about what will happen this cycle, but history is all we have.
 
BACCS said:
Yeah I was asking questions a week ago, I have since done a lot of research from a variety of sources (not just videos) and have analysed the graphs myself as well. I was just referring to the video as they summarise it already, your call if you want to ignore it. No need to get aggressive.
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Still waiting on your summary on why cypto is still in a bull mrket. Let's assume it's not coming, as you've got no idea what you're talking about. A week's worth of 'research' isn't enough to understand macro market forces and business cycles. Apologies if it seems aggressive, but you're being spoon fed bullshit by people who want to make you the new bagholder. You've also got absolutely no idea about the taxation side of things. It's going to end in tears.
 

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Always keep this in mind with crypto.

If you're newish and your portfolio is down and you're not feeling the coins you have now (early purchases made with less information) and are looking at other coins wishing you had them, don't be afraid to start again if you can handle the (hopefully small) potential loses incurred when you sell and reinvest in something that excites you.

Nobody gets it right when first getting in the market. So evolving your portfolio is a given. Just don't see it as a failure and be put off by it.
 
ash_1050 said:
Still waiting on your summary on why cypto is still in a bull mrket. Let's assume it's not coming, as you've got no idea what you're talking about. A week's worth of 'research' isn't enough to understand macro market forces and business cycles. Apologies if it seems aggressive, but you're being spoon fed bullshit by people who want to make you the new bagholder. You've also got absolutely no idea about the taxation side of things. It's going to end in tears.
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You have a severely high opinion of yourself. Why is your research anymore correct than mine? Because you’re more experienced? More experienced people than me are exactly the people I have been researching the opinions of, including in this thread. You could be entirely correct, but all I was saying is the research I’ve done suggests you’re not. I would take my money out today if I thought you were correct, I’m not forcing you to agree with me.

I have done plenty of research into the tax side of things, I fully understand my obligations.

I am on my phone atm, I will try to post a summary later today.
 
Kram said:
I don't follow it closely but it just looks like your classic market bubble to me.
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In no world is this a healthy graph for holding BTC short/medium term. The 2021 bubble is playing out exactly the same as the 2017 bubble and newbies are desperately trying to clamber on board, hoping to make profits.
 
Can we all agree that not one person in the world can predict what is going to happen in the future in regards to the crypto market.
Sure some coins losing 20-30% may technically mean its in a bear market but its just as likely to bounce back, who knows?
I'm finding both sides of the argument have merit so hopefully whoever is still in the game doesn't have too much capital tied up that they can't afford to lose.
 
ash_1050 said:
Still waiting on your summary on why cypto is still in a bull mrket. Let's assume it's not coming, as you've got no idea what you're talking about. A week's worth of 'research' isn't enough to understand macro market forces and business cycles. Apologies if it seems aggressive, but you're being spoon fed bullshit by people who want to make you the new bagholder. You've also got absolutely no idea about the taxation side of things. It's going to end in tears.
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BACCS said:
You have a severely high opinion of yourself. Why is your research anymore correct than mine? Because you’re more experienced? More experienced people than me are exactly the people I have been researching the opinions of, including in this thread. You could be entirely correct, but all I was saying is the research I’ve done suggests you’re not. I would take my money out today if I thought you were correct, I’m not forcing you to agree with me.

I have done plenty of research into the tax side of things, I fully understand my obligations.

I am on my phone atm, I will try to post a summary later today.
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I've been using crypto since 2010 and have been involved in buying/holding/selling for the last 8-9 years. I've spent thousands of hours reading up on crypto, and made a profit in the process, in amongst occasionally being scammed or making poor decisions along the way. I sold my last 0.5BTC back in March at around US$48k as the market was severely overbought then. That's my experience.

But none of that matters, as a 30 second google search on market cycles shows that BTC is in a bear market, whilst ETH and crypto as a less than 1% retracement off being in a bear market. And yes, I am entirely correct in that statement as it's business 101 stuff.

A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment
Bull market: a market in which share prices are rising, encouraging buying.

Which of those two statements seems to be most applicable at the moment?
 
ash_1050 said:
I've been using crypto since 2010 and have been involved in buying/holding/selling for the last 8-9 years. I've spent thousands of hours reading up on crypto, and made decent profits in the process, in amongst occasionally being scammed or making poor decisions along the way. That's my experience. But none of that matters, as a 30 second google search on market cycles shows that BTC is in a bear market, whilst ETH and crypto as a less than 1% retracement off being in a bear market. And yes, I am entirely correct in that statement as it's business 101 stuff.

A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment
Bull market: a market in which share prices are rising, encouraging buying.

Which of those two statements seems to be most applicable at the moment?
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I’m not going to bother replying with anything sensible, you’re clearly more interested in snide remarks. I never said you were wrong, I just said I disagreed. I’ll leave it there.
 
Happy to leave it there. Feel free to bump these posts at any point in the next 12 months if I'm wrong and BTC/ETH/crypto moves above the previous ATH with a big 'I told you so' and I'll step up to eat humble pie. FWIW I think crypto is currently in the 'complacency' point of the market cycle.
 

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LennyHayes77 said:
Can we all agree that not one person in the world can predict what is going to happen in the future in regards to the crypto market.
Sure some coins losing 20-30% may technically mean its in a bear market but its just as likely to bounce back, who knows?
I'm finding both sides of the argument have merit so hopefully whoever is still in the game doesn't have too much capital tied up that they can't afford to lose.
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Summarises my thoughts well. I have never said I think it will rebound tomorrow, it won’t. I have said the research I’ve done points to this being an accumulation phase by institutions before the last run of this bull cycle in end of June/July. This is just the research I’ve done and wanted to share in case anyone was interested, people can disagree. While I’m new to crypto, I am very experienced in reading statistics and trends, this is not a foreign concept for me.
 
ash_1050 said:
Happy to leave it there. Feel free to bump these posts at any point in the next 12 months if I'm wrong and BTC/ETH/crypto moves above the previous ATH with a big 'I told you so' and I'll step up to eat humble pie. FWIW I think crypto is currently in the 'complacency' point of the market cycle.
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Fair enough, only time will tell what predictions are correct. If we could all correctly predict the future we would be billionaires already.
 
For the record, I have 50% of my portfolio in ETH, 20% in ADA, 20% in DOT, 5% in BTC (will eventually move some profits into it) and the rest in small amounts of BNB and VET.
 
havent done major research on it yet, however the
BACCS said:
Have I missed the MATIC train? I looked at it strongly this time last week, proceeds to double in that time. I might wait to see if it dips at all and try buy in then.
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I still think it's undervalued. Can do x5 from here imo. It doesnt give a ****
 
thedreadpirateroberts said:
havent done major research on it yet, however the

I still think it's undervalued. Can do x5 from here imo. It doesnt give a fu**
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It’s one of very few that has actually gone up over 100% in the last week despite everything. However, I still feel like I might be buying too high before it has a slight correction, so I’ll wait and see for a bit still.
 

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I Bryce Gibbs it and squibbed the contest, sold my eth at 4550, I don't have faith in the market of eth ATM. I'm down $60 overall on eth so not a bad learning curve, I'm expecting this sort of growing pains..

Going to be abit more observant and be studying the market/charts more, got done buying in on sucker pumps.

All my lesser ones are going ok so Im up overall in my investment.
 
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ETH has a market cap of 380B and people want to act like it's undervalued?!

Good on anyone making money but good lord

To summarise this thread. Everyone is a genius because the market went up... if Ash is right, some very harsh lessons are about to be learned...
 
HirdyLannister said:
I Bryce Gibbs it and squibbed the contest, sold my eth at 4550, I don't have faith in the market of eth ATM. I'm down $60 overall on eth so not a bad learning curve, I'm expecting this sort of growing pains..

Going to be abit more observant and be studying the market/charts more, got done buying in on sucker pumps.

All my lesser ones are going ok so Im up overall in my investment.
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I wouldn't have done that myself, ETH is recovering today. If you only lost 60 bucks though that is fair enough, but I wouldn't be counting on being able to buy other coins at better value before the end of this bull run, ETH is as strong as most in this regard (unless you get lucky on a memecoin).

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HirdyLannister said:
I have some ADA but I have no idea what this means, I should swapthe ADA for SUNDAE?

Sent from my CPH1607 using Tapatalk
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No, you would send your ADA to a software wallet like Yoroi and then delegate your holdings to the Sundaeswap stake pool. They will then have your wallet address and send you SUNDAE tokens.

I suggest you do a quick google search on staking and what it means/entails.
 

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