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Checked the price lately?
Down 10% again.
Ummm Im confident enought not to cash out.
Its actually crazy to cash out at this time.
Checked the price lately?
Down 10% again.
Artificial scarcity of supply, still no tangible store of value.
Is there a Vibescoin available?
And? Its 92k was 50k just weeks ago
Still quintupled my investment so far
Would be crazy yo cash out now
I hope it goes down to 30ks so I can buy more
Btw just checked my cold wallet where I have most of my stuff and it got corrupted
Kernel panics
Still have my passphrase but if that somehow fails.....
Thats the bitcoin life
Nothing wrong with taking profits but it does seem an odd time to cash out just after the bitcoin bullish election results
Not criticizing tho since I chickened out and sold Palantir the day before the election. Now I'm just sitting on cash missing out.
I moved it to HFMDX and picked up 2 grand the first day while bitcoin dropped 8,000. If I get back into bitcoin later it will probably just be through the Blackrock ETF.
Last edited by CosmicCowboy; 11-26-2024 at 10:24 PM.
Why midcap over small cap? Been debating doing something similar or just calling it a year (it's been good) and waiting for a good correction. Everything I've plaid this year is too expensive to jump on right now (NVDA, CRM, PLTR).
I'll probably never mess with bitcoin but I've listened to a lot of the bitcoiners like Lyn Alden and they might be right that it's going to a million eventually
This specific ETF has a great track record of picking undervalued stocks on the rise using a specific formula of price to sales with a record of increasing sales. They revalue once a year and just picked their next thirty stocks for next year
It's never going back down to 30k. It would be a miracle if it's ever below 70k again. I read an article about historically every election day is a bottom asymptote for bitcoin, i.e. it never falls back that low in its history after the election regardless of outcome. Meaning, roughly 69.4k which what was BTC was going for on this year's election day, represents a line that historically BTC would never fall below.And? Its 92k was 50k just weeks ago
Still quintupled my investment so far
Would be crazy yo cash out now
I hope it goes down to 30ks so I can buy more
Heck, those of us including me as of tonight who cashed out in the green hoping for another fall into the 80ks range will be even lucky to get that. If it ever does fall below 70k or even to say 75k for longer than a few hours, then the anti-crypto libs will be proven right, bitcoin really is as volatile and less cyclical than we though.
Yeah, eventually, in the 2040s probably based on analytical data. With each quadrennial halving before the bull part of the cycle, the mining profits go down by half, and so do the % returns on investment in the bull run. Went from roughly 900% in 2016-17 to roughly 450% in 2020-21 and extrapolating that to this current 2024-25 bull season we're looking at roughly 225% from the previous ATH of 67k which would put it around $150,000 for the 2025 BTC ATH. It's a diminishing return problem based on the crypto trilemma. In 2029 you're looking at a higher dollar value but more jaded return of around 113%.
Last edited by Millennial_Messiah; 11-27-2024 at 10:58 PM.
Looks good. I might start buying into that fund. Technically more risk than the SPDR mid & small cap etf's I was looking at but nice track record.
100k
Boy I was wrong again
iMHO this recent surge is mostly based on Microstrategy's recent activity. Their stock is crazy high and they sold another 13.6 million new shares in order to buy another 4.6 billion dollars of bitcoin last week. Thus the big price jump as retail jumped on the bandwagon to ride the jump. They can't do this every week. Maybe 100K really is the new floor but it could just as easily drop back in the 80's. Smart money is shorting Microstrategy's stock.
Microsyrategy owns less than 2% of all bitcoin out there. Yet they are the ones driving the surge
Sure that makes sense
Not sure why you are laughing at being in the stock market. I'm up 26% for the year and have a lot more in play than your 1/2 bitcoin.
You moved your bitcoint to stock market at 80k it went up 25% 7 days after
Meanwhile your stock went up what? 3%?
Last edited by hater; 12-05-2024 at 10:22 AM.
I'm hitting +$2500-$3000 5 days a week for the last month. I'm satisfied with that.You moved your bitcoint to stock market at 80k it went up 22% 7 days after
Meanwhile your stock went up what? 3%?
You could have hit 8 times that in the last 7 days.
Only with zero diversification. I like a balance.You could have hit 8 times that in the last 7 days.
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