How sustainable is this model?
It's not serious. There's so much crash and burns you can take. The dips dont help it's credibility.
Didn't the S&P just dip 1000 points? It happens in the stock market too
A downtrend like the recent one isn't the norm but does happen once or twice a year based on historical trends. it's a good thing anyway since it shakes out re ed coins and pointless scam projects
even with this "crash" BTC is up 14% from this time last year while ETH is up 97% from this time last year. if this is a crash then i think we're fine tbh
there are always blips for everything... but the S&P/Dow are much more reliable. outside of the big dip at the start of covid, you see the same upward trend with some noise here and there. not comparable to BTC. BTC is extremely volatile even as a security, let alone a "currency"Didn't the S&P just dip 1000 points? It happens in the stock market too
A downtrend like the recent one isn't the norm but does happen once or twice a year based on historical trends. it's a good thing anyway since it shakes out re ed coins and pointless scam projects
even with this "crash" BTC is up 14% from this time last year while ETH is up 97% from this time last year. if this is a crash then i think we're fine tbh
bitcoin's history, just looking at the charts, is closer to a meme stock like gme/amc than anything
Well yeah when you had the fed dumping a trillion dollars a day and buying up assets to float the stock market because the guiding principle of the US is the rich can never feel any pain whatsoever.there are always blips for everything... but the S&P/Dow are much more reliable. outside of the big dip at the start of covid, you see the same upward trend with some noise here and there. not comparable to BTC. BTC is extremely volatile even as a security, let alone a "currency"
bitcoin's history, just looking at the charts, is closer to a meme stock like gme/amc than anything
Hope ya'll bought the dip or held
Yeah I'm holding for now. Probably will sell at the next big rise
Very interesting video. Hope ya'll are staking your ETH
https://fortune.com/2022/05/13/luna-...pto-crash/amp/
Glad I did not buy any Luna. Crazy how some people put all their eggs (or most) in one basket and got wiped out. Not. Smart
Putting your eggs in multiple baskets relating to crypto is still not smart.
Really? Btc is a 5x since March 2020Putting your eggs in multiple baskets relating to crypto is still not smart.
If you bought in around Christmas 2020 it's the same price.
Not the worst thing in the world being even.
I mean if you bought in 2017 highs it's only 9k less than now. Point is.... Dollar cost averaging is a smart crypto investor and not just buying at the top
Dollar cost averaging is broker speak. It’s mathematically sound but it’s not nearly as effective as just staying out of an asset until the bottom has been confirmed. And dollar cost averaging, wipes out people that can’t take the drawdown. Dollar cost averaging in crypto is a risky concept.
Tell me you don't like crypto with not saying it lol
I'm not going to argue with you non coin folk. To each their own, we will revisit this post in the future.
Long btc
this is a religion
And nasdaq stocks are not also? Lol
“Not going to argue with you non coin folk”m
Sounds like a Bible thumper saying he’s not going to argue with a nonbelieving heathen
Last edited by spurraider21; 05-14-2022 at 12:39 AM.
I’m not anti bit coin per se. I’m against using the term, “dollar cost averaging” when it’s used to encourage people to keep buying an asset that’s falling. As I said, I’d rather wait until I’m comfortable that it’s bottomed out before I buy more. Regardless of the asset. As to bitcoin, I don’t think any can say for sure that it doesn’t totally crash. In any event, I’d rather just sit out and wait for some upside confirmation. You can dollar cost average on the way up as well.
Tell me you missed cashing out on Crypto without saying it.
No. Those are based on actual enterprises that provide goods and services and generate revenue
Btc Trending
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Reply With Quote
