Anybody here invested in Crypto? Considering jumping into the shallow end, seeing that the U.S dollar wont be worth more than a Whataburger wrapper in a few years.
If so, whats everyones play? Fractional Shares of Bitcoin, Ethereum, Other?
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Dogecoin
I’m getting ready to liquidate my crypto in the next week or two and put it all in to more brass and lead. Those have gone up significantly, they work without internet, can be bartered and they have an actual purpose should I need
Ethereum has a good chance of mooning because of cryptocobains staking product. Check it out
Currency is the giveaway... Not to mention no one seems to believe we will have a flare/cme to knockdown grid which we're overdue for and will render your crypto worthless. If you dont "hold it" you dont "own it".
stick to gold and silver, real MONEY!
"All fiat currency always returns to its intrinsic value of ZERO" -Volataire
The idea is to trade crypto among ourselves and not trade back into fiat. It's a long road but thats the idea.
Monero
Privacy coins are under attack from the FED right now.
I have scaled OUT. Moved a 50k into ETH (among other moves) in March.
All are in a parabolic blow off right now. Stay away.
Best short dollar play right now: BUY YEN
We’re still in the start of the bull run for ETH and BTC and Yen is heavily manipulated, I’d never trade against yen.
Disagree completely.
Both are totally overextended and now broken. Zero support when market moves in gaps. The entirety of the parabolic move is always retraced, which is $550 -$650 on ETH.
The "bull run" broke out in July.
Yen approaching multi year breakout.
Yen is artificially manipulated by the Chinese, not even worth looking at unless you need to use it, this is well known. And we have multiple supports, 30K, 200MA, 61.8 Fib, we’ve been bouncing off them the whole time. We were in a bull run in July but it wasn’t parabolic like it is now. We’re going through the same thing as 2011-2013.
"Artificially" manipulated?
Dude, with all due respect, (you know what, fuck that) you don't know what you are talking about. "This is well known".
Whats the dif between "manipulated" and "artificially manipulated". Like saying your own personal opinion. This statement is idiotic.
ALL currency markets are subject to manipulation because, unlike equity markets, there are no front running restrictions or regulations. Size matters.
Leave the analysis to those who have been able to earn an actual living doing it.
I spent 8 years as a primary dealer. Keep your comments relegated to zero hedge with the rest of the larps.
LOL, I’ve been trading a lot longer than 8 years.
https://www.reuters.com/article/us-japan-usa-trade-currency-idUSKBN1H51BB
https://www.epi.org/publication/trans-pacific-partnership-agreement-currency-manipulation-trade-wages-and-job-loss/
https://www.industryweek.com/the-economy/trade/article/22008122/will-the-tpp-stop-japans-currency-manipulation
https://www.japantimes.co.jp/news/2017/02/01/business/trump-lambastes-japan-china-currency-devaluation/
Trump has been calling the yen artificially manipulated for years but he’s a larper too right? He’s a zero hedger whose never made any money either. Both of us bow to your financial intellect.
Made actual money that make a living off if! LOL. I bet. Investing in the yen will surely make TONS of money. Gotta jump on that myself. Haven’t lost a million since 2008.
You're a forex dealer and you get a $500mm US paired transaction from one of your banks?
What do you do first genius?
I will keep my 4200 or so ticks on my rolling contracts until the primaries lose their appetite.
I suggest you continue to digest retail news & enjoy your BTC "new age bull market". You're doing well today.
I’d never deal in Forex in the first place because it’s based in a fiat market which is collapsing which you seem to want to put blinders on for that fact, only Forex I’m involved in is MicroStrategies and Grayscale, and I guarantee I’ve made more money off both than you have off any Forex trade besides Tesla.
I am doing well today, I shorted against BTC with a 10x leverage at 44k, I’ve made $75,000 off $20,000 thus far. Then when I see the bear trend reversal sign I’ll open a 25x long position and 10x that. I’ve had a million dollar ROI January and were not even half done the month lol. My holding portfolio is still up 11X which you can’t say for any Forex trade possible in less than a year.
You’re right, you’re smarter than Paul Tudor Jones, Michael Saylor, Carlos Slim, Stan Druckenmiller, list goes on and on.
This is the thing you don’t get, I don’t care how much USD anyone gives me because it’s worthless, my entire portfolio is in bitcoin, my profits are in bitcoin, I don’t deal in USD at all. BTC goes down? I make more BTC. BTC goes up? I make more BTC. 24 of my last 25 trades were successful.
you must be rich as hell if you moved 50k to ETH in March. It's at 1.1k right now! Amazing!
Thank you for telling me that. Really fascinating and yeah you've lived quite an interesting life.
Most times, with regard to ANY market, there is nothing to do. Currencies, equites, commodities, only do three things.
They go up, sideways, down, sideways, up...
If up, be long. If sideways (range bound) be in cash. If down, be short. There are usually only a few actual trades to make in ANY year. Most people over trade tremendously. My holding periods are usually measured in months to two years.
When you are LOOKING for something to do, that means there is nothing to do. Leave your cash alone.
Stick with btc-60% eth-30% ada-10%. Not investment advice :)
Good picks. ADA has potential to reach $1 soon. First stop is 0.35.
What makes you think ADA is going to break out? Superior tech?
BTC, ETH, ADA.
I sold all my other zoo(alt) coins tonight. Market took a big correction tonight. BTC was at 41k down to 35.3k now. Fell down to 32.5k ish.
Not that bad because btc just recently broke 30k. Apparently a bunch of whales just liquidated which is why the market took a massive hit.
Good time to buy though.
Same not investment advice its just what I am doing.
Never go all in with this shit unless you are experienced with currency. Because thats all it is. A currency
I’m 80% in Bitcoin 20% in Ethereum, 80% of my total wealth.
I also have a few percentage points in Cardano, Zilliqa, Synthetix, Polkadot, and Chainlink.
Bought Bitcoin at $3500, bought Ethereum at $500, and the others I don’t really remember.
What's your hedge against a Coronal mass ejection?
I have my private keys. Unless it destroyed paper locked in a safe, and/or a hardware wallet (trezor) that would mean nothing
i have no crypto
don't come looking for any
that being said bitcoin is solid technology
Coinbase ipo soon! Possibly February, a decently based crypto exchange company
The trouble with crypto is how little one can actually buy in tangible goods and services with it. It's shit at being an actual currency right now. The public nature of it also means that it's like posting your credit card statement in the town square.
As a store of value, it's a risk. Risks are manageable when understood though. BTC has the 51% issue where China collectively owns the network already and could make unilateral alterations to the blockchain ledger, but even apart from that, the highly unstable valuation makes it like buying a single high risk stock. Most (but not all) altcoins derive value from BTC. If you have spare cash and can hodl your crypto for a long time before needing it again as regular cash, it could work out great. Have multiple coin types and accounts at multiple exchanges in case there's a big selloff and logjam (think like the great depression bank run), but keep your own coin in your own wallets as there is already a rich history of exchanges "losing" their users wallets where they kept sole ownership of them.
As a Ponzi scheme, it's stellar. Easy to get in, easy to partially divest to hedge your bet, and barring the 51% issue, there is likely to be a good period of warning time to get out and not be the one left hodling the bag. To be clear, cryptocurrency is not actually a Ponzi scheme, but since it's solely backed by confidence with zero hard assets or threat of force, it needs to be treated as such.
What’s fiat currency backed with? Currently being printed with 0% backing. Bitcoin a Ponzi scheme lol. And I have a BTC credit card, I get charged a couple cents to instantly convert BTC to any currency being asked for.
China does not control a controlling interest in Bitcoin, Grayscale and MicroStrategies alone own more Bitcoin than their entire country does (as a country of course, not as a populace).