Originally Posted by Trivers:
So in all seriousness...
So does one approach Cybercurrerncy investments as day trading timing and flipping; or as buy and hold?
Is it better to buy BTC at 57K and pray it goes up to 100K
or buy numerous alt coin at 25 cents or several dollars and hold them till one of them goes to $100 or $1000, etc.
What approach works for you?
Avoid alt coins imo, especially being new at it. Check out the year + charts for Bitcoin and Ethereum...yeah there are dips but over time they always go up. I have cashed bitcoin in several times for nice profits just in the last year then bought back in...rinse and repeat. Chances are if you pay attention and buy into a decent dip in either or both, within a few weeks to a few months you'll see a 25% + profit. Hell, even if you dont wait for dips you'll still end up profiting if you hold long enough. The days of worrying about Bitcoin/Ethereum being worth zero are long gone, too many big dogs backing it now. [Reply]
Here comes 3rd attempt at $.74. If it doesn't go through, it will dip and wait for the US to re-engage.
Do not be fooled by these $.02 -3 swings. Day trader traps, set to break even, bots for the whales (Robinhood). They are healthy. Shakes put the faries.
Likely dip coming, Mahomo. I'd get in top if next hour. May be wrong. Don't take rando internet guy advise.
At this point, Im just waiting for $1 to sell it all and reasses. [Reply]
Crypto is so silly. Im glad I bought a tiny amt of Doge the other day but I hate it. Just think if I put all of it into Doge when it was at 0.03 and ride the joke. [Reply]
Originally Posted by MTG#10:
So a lot of people think all crypto is going to tank tonight, not just Doge. Not sure why but seeing a ton of it on Reddit.
I think if you're holding anything other than Ethereum and/or Bitcoin, you are playing with a huge risk. Always be aware of that. [Reply]
Originally Posted by Ninerfan11:
I think if you're holding anything other than Ethereum and/or Bitcoin, you are playing with a huge risk. Always be aware of that.
The talk includes Bitcoin and Ethereum. Obviously even if those two do they will come back over time. I hope they're right, I would break the bank on both if they had a 25% + drop. I'm just confused why they think all crypto will crash when Doge inevitably does. [Reply]
Originally Posted by MTG#10:
The talk includes Bitcoin and Ethereum. Obviously even if those two do they will come back over time. I hope they're right, I would break the bank on both if they had a 25% + drop. I'm just confused why they think all crypto will crash when Doge inevitably does.
I would bet almost any sum of money that btc will crater back to under 30k or at least 30k ish again in the next year. Who cares. Im in it for the end game. [Reply]
Originally Posted by BWillie:
I would bet almost any sum of money that btc will crater back to under 30k or at least 30k ish again in the next year. Who cares. Im in it for the end game.
