Cryptocurrency mega-thread

[WaywardSonSon]

Personally I think that's a tad optimistic... BUT this is crypto so anything is possible!

So is Luna still going to the moon? Hehe

 

[Evolved1]

I'm thinking over the next ten years, it will rise to $1 000 000 AUD.

Cathy Wood thinks bitcoin could hit $1 million USD by 2030, but I agree with LongBombFromOutside50 that its a very optimistic projection.

Cathie Wood’s Ark Invest Predicts Bitcoin Could Exceed $1M by 2030

Wood previously predicted bitcoin would reach $500,000 by 2026.

www.coindesk.com

 

[BACCS]

I wonder if such a feat is still possible?

I still hold plenty of ETH and think $10k is possible next bull run, but right now I'm using it in either staking for my $MC liquidity pool or investing into NFTs. I want to accumulate as much ETH as I can and only take profits out into fiat for major purchases e.g. real estate. Find projects that you believe in during the bear market and DCA into those and stake on-chain if you can. I personally think crypto gaming is on the verge of exploding, as evidenced by my bullishness on Merit Circle's future.

Anyway, tldr, there are still plenty of opportunities in this space to achieve your financial dreams! However, it will require patience for the next 6 months at least and you will need to accept that green weeks will be few and far between.

 

[Evolved1]

 

[Bostonian]

By the next time a bull run hits crypto will have been regulated plenty.

 

[The Dice Man]

I don't own any doge, but gotta love Elon. He might just start a bull run (**** I hate that term).

 

[LongBombFromOutside50]

I don't own any doge, but gotta love Elon. He might just start a bull run (fu** I hate that term).

Fade any bounce IMO. Keep fading bounces til EOY


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[LongBombFromOutside50]

How many of you guys are still holding right now? Do you have a price where you will sell or are you just gonna hold through it all no matter what happens?

 

[beez]

How many of you guys are still holding right now? Do you have a price where you will sell or are you just gonna hold through it all no matter what happens?

Just holding. And holding. And holding. I'm like 70/20/10 Bitcoin/Eth/shitcoins so we'll how it all plays out. I didn't really purchase crypto for a long term investment, but it might just end up playing out that way.

Haven't bought any in a while but may start to do so again in 2-3 months' time; depending on the macro environment.

 

[LongBombFromOutside50]

Just holding. And holding. And holding. I'm like 70/20/10 Bitcoin/Eth/shitcoins so we'll how it all plays out. I didn't really purchase crypto for a long term investment, but it might just end up playing out that way.

Haven't bought any in a while but may start to do so again in 2-3 months' time; depending on the macro environment.

Yeah I sold some late last year, but still have a large amount in the markets.

Only recently I've been thinking to sell everything on the next bounce, then walk away and look to re-enter early next year sometime. The macro environment looks pretty grim for the next year or so, so I can see much more downside happening between now and the end of the year.

 

[BACCS]

How many of you guys are still holding right now? Do you have a price where you will sell or are you just gonna hold through it all no matter what happens?

In locked staking until at least March next year with the majority of my MC/ETH LP, so holding! My current average cost price is well below the current MC price based on accumulated MC from staking (not technically MC until vesting period is over); ETH is about breakeven still, but should we well ahead by end of year if my NFTs take off. I feel very well placed to take advantage of some major gains whenever the next bull cycle happens in 2023 or 2024.

 

[WaywardSonSon]

How many of you guys are still holding right now? Do you have a price where you will sell or are you just gonna hold through it all no matter what happens?

I'm holding the line harder than Toto! I'm in this for the long run.

 

[Evolved1]

I'm still holding some long term, but mostly doing short term trades with tight stop losses. Ideally hoping for another bite under 30k to go all in.

 

[LongBombFromOutside50]

I'm still holding some long term, but mostly doing short term trades with tight stop losses. Ideally hoping for another bite under 30k to go all in.

Sounds like a good strategy. Will probably sell the remainder of my liquid holdings if we get a bounce here, and will push all in if we nuke below 30k at some point this year

 

[brolga_]

How many of you guys are still holding right now? Do you have a price where you will sell or are you just gonna hold through it all no matter what happens?

i'm on the sidelines until i see around 35 cent ADA

 

[The Dice Man]

Im holding, farming, lending and leveraging. All the way to zero or hero.

 

[Deledio_Judd]

Okay, so hit me with some of your predictions in regard to what the value of a Bitcoin will be in ten years time?
$100 000 AUD
$200 000 AUD
$500 000 AUD

$1 000 000 AUD?

500,000

 

[WaywardSonSon]

500,000

I sure hope so. I hope to have $80 000 invested by then.

 

[Deledio_Judd]

I sure hope so. I hope to have $80 000 invested by then.

Ditto. We can dream at least. Could also crash and burn.

 

[WaywardSonSon]

Ditto. We can dream at least. Could also crash and burn.

It could, but I'm pretty confident it won't. Particularly as more countries are adopting it as currency, and fiat currencies are becoming more volatile.

 

[LongBombFromOutside50]

Ditto. We can dream at least. Could also crash and burn.

Nah, crypto and bitcoin isn't going anywhere. We MIGHT see $25k first, but I'm 100% confident that we'll see $100k+ within the coming few years.

 

[LongBombFromOutside50]

Interesting that from speaking to people, and seeing people on social media, many are still holding.

This bear market has a fair bit longer to go IMO, so I just wonder how many of those people still holding will capitulate before the bear market is over.

I diamond handed all the way through the bull market, and I’m now planning to sell everything that I still have in the market shortly (better late than never). Will buy back in when everyone has given up hope.


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[faible]

Interesting that from speaking to people, and seeing people on social media, many are still holding.

This bear market has a fair bit longer to go IMO, so I just wonder how many of those people still holding will capitulate before the bear market is over.

I diamond handed all the way through the bull market, and I’m now planning to sell everything that I still have in the market shortly (better late than never). Will buy back in when everyone has given up hope.


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The easiest way to hold is to never check the value of your holding.

Commit to a minimum time period to hold, then don't look.

 

[Evolved1]

Interesting that from speaking to people, and seeing people on social media, many are still holding.

This bear market has a fair bit longer to go IMO, so I just wonder how many of those people still holding will capitulate before the bear market is over.

I diamond handed all the way through the bull market, and I’m now planning to sell everything that I still have in the market shortly (better late than never). Will buy back in when everyone has given up hope.


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I think most have already given up hope. The vast majority are certainly bearish in the short to medium term.

There's really no reason we need to have a proper capitulation, especially since we never got a blow off top. A lot will depend on US stocks, which in fairness aren't looking great.

 

[Evolved1]

The easiest way to hold is to never check the value of your holding.

Commit to a minimum time period to hold, then don't look.

The danger with that is you can end up holding shitcoins all the way up and all the way down without ever realizing profits. That's what happened to slumdoge millionaire.