Friday, May 4, 2018

What I Hate About Crypto

Don't you just hate it when crypto just keeps going up and up and up and you can't get a good entry for a new position?

And you just have to end up hodling your fiat?


Yeah, me too.

It's tragic.

9 comments:

  1. No worries for me! Cryptos move about 100X faster than stocks. So we get -30% corrections every 2 months or so. In fact the longer cryptos go without a correction, the more certain the next correction will be much bigger. How to get a -80% correction in cryptos? It's to have a 12-month long 10,000% rise beforehand.

    ReplyDelete
    Replies
    1. True that. Long term trend for the "blue chip" crypto are showing higher lows after every crash.

      Delete
  2. You want to predict the market with behavior of the past, that doesn't work imo, too much changes actually (Wallstreet getting their dirty finger inside, a lot of the non-shit-coins begin to deliver or show a working beta, more and more acceptance from "normal" people" etc.)

    ReplyDelete
    Replies
    1. I'm not trying to use past behaviour to predict the market. Markets are getting more interesting with more mainstream institutions capitulating and starting to accept that crypto is here to stay.

      Delete
    2. my answer was for the Anonymous first comment, but you are right : )

      Delete
    3. Btw. Thank you for the tipp with HAV, looked closer into it, after you mentioned it, think it's a good project and bought some.

      Already 10% gain, not much, but hey, which bank will give me that (I get 0.1% per year from mine... : )

      Take a look at LINK, if you have time, it looks interesting and is undervalued too.

      Delete
  3. If you expect prices to keep going up for the next 20 years, then no need to think ... just dump in all your fiat funny money. And keep using 80% of your salary to buy every month. Better to buy at $10K today then $50K tomorrow right??

    ReplyDelete
    Replies
    1. Yup, that's what I've been doing.

      I rather buy at $8k when everyone panic though. Extra 25% gains on top of those gains from $10k.

      Delete
  4. Yeah.. crypto is the new black.. �� the potential is massive.. I personally purchased some small cap coins, one of them is Deep Brain Chain.. just wondering if you have any views on them? ☺

    ReplyDelete

Observe the house rules.