It happens a lot, agreed.
It's all part of the game. Most of us who've been in crypto for awhile are happy to navigate the minefields to find gold. It's a high risk/ high reward asset class.
Log in to remove this Banner Ad
I hope you are joking mate. This isn't even about whether you believe in crypto or not but purely from a risk management perspective, going all in on anything is crazy let alone something so volatile and and basically speculative.It's a large part of the overall financial landscape because crypto has been accepted as legitimate by the public, business world, and regulators.
I've been all in on crypto a couple times, and will hopefully go all in again within the next two years.
Am I insane? Don't answer that.
Nope, not joking at all. I sold two investment properties early in 2020 and invested the entire profit into crypto. If anything, I'm kicking myself for not playing at a higher risk level during opportune times in this market cycle.
Selling an asset above purchase price is the end game for most of us.
Nope, not joking at all. I sold two investment properties early in 2020 and invested the entire profit into crypto. If anything, I'm kicking myself for not playing at a higher risk level during opportune times in this market cycle.
My home is paid off and I have stable employment, so I'm theoretically playing with money I can afford to lose.
Bitcoin is a high conviction long term play for me. At $20k USD, I believe it's undervalued.
My current asset allocation is heavily weighted in shares over crypto, but I'll look to shift the balance heavily towards crypto close to the next halving. I don't recommend others go all in on crypto, but suspect I probably will at some stage again. If prices go low enough, I have a couple of cars that I can do without.
Take a look at price vs halving date marked by yellow lines (note the y-axis is logarithmic). There's sufficient history to suggest we have more juice in the tank come 2024.
Nope, not joking at all. I sold two investment properties early in 2020 and invested the entire profit into crypto. If anything, I'm kicking myself for not playing at a higher risk level during opportune times in this market cycle.
My home is paid off and I have stable employment, so I'm theoretically playing with money I can afford to lose.
Bitcoin is a high conviction long term play for me. At $20k USD, I believe it's undervalued.
My current asset allocation is heavily weighted in shares over crypto, but I'll look to shift the balance heavily towards crypto close to the next halving. I don't recommend others go all in on crypto, but suspect I probably will at some stage again. If prices go low enough, I have a couple of cars that I can do without.
Take a look at price vs halving date marked by yellow lines (note the y-axis is logarithmic). There's sufficient history to suggest we have more juice in the tank come 2024.
and ETH up 50% in just over a week/10 days. Too bad I'm not a trader lol.
I mentioned a week ago that I was long btc. I've already closed my long position. Possible that I closed it too early but oh well, profit is profit.
Yep I remember you posting that, and I kind of agree that we might see lower lows, especially for Alts. But it's just a reminder that when crypto moves, it moves fast. Up or down.
You did extremely well with SOL. Let me know what you're buying next round because I want in!
FOMC meeting next week will be telling.
I think September is the meeting to watch out for, that's where we could see a major pivot either direction, pending on the stance of the Fed by then. If you look deeper into the inflation numbers, you can see some industries are starting to come down, but we need more data to confirm. Next week will be pretty bland I reckon, I doubt we hear anything new and isn't already priced in.
I'm not sure what your plans are, but I trade on btcmarkets.net. They're based in Richmond and have been fantastic for me.
