/biz/ - Business & Finance

>>29194763
I'm not ready for it to be over frens T_T

my exit strategy is to sell on june

God fucking dammit link better 10x from here

>>29195043

what are you selling in june? at what price? most coins have gone through a 50% increase since jan already. some have done a x2

>>29195169
it won't and after this is 3 more years of crypto winter.

>>29194763
can I find one for LINK?

>>29195208
secret network hopefully at +$14
It has done like a 7.32x since december

>>29195264
damn cuz just open up whatever crypto tracker you use and look at historical data aint gonna spoon feed u everything i told u when to sell. however though certain coins operate differently from what i've seen. coins with good fundamentals don't really operate at these same exact trends. things like GRT and LINK move in general terms the same as BTC but not exactly. the high utility coins will do whatever they want to do

>>29194763
DR NS.
We will hit at least 120k this market cycle sometime between
(September-November)
t. 2014fag

>>29195799
120k is possible but seems rather high anon

>>29195956
It always Seems it now but that’s not for another 7-9 months, public perception will be different then and nobody will wanna sell shit

>>29194763
I will not be selling, ever. if it was in December I would, because German bogs make BTC tax free after a 1 year hodl.

120k down to 50 sounds about right, doubt we’ll go below that and next cycle we’ll go closer to 600k unironically

At ~120k the btc market cap would be about the same as Apple(of course I imagine Apple will be higher then though)which sounds about right for a top for now

>>29196163
understood public perception and sentiment will be different this time with more adopters which is scary. I hope I remember this thread myself in the future and don't trick myself into the new paradigm shit. charts say june-july but I can see an extendo mont thrown in there

Why the fuck wouldn't it be December like the last 2 times?

>>29194763
what if it really is a new paradigm though

>>29196648
look at the chart the heating up happened quicker this time. instead of having these ridiculous cycles it's trending to less volatile/excessive swings and to be more stable in the long run as crypto becomes more and more adopted and prevalent with the normans

>>29196791
This. What really causes the golden bull are halvings. More liquid and efficient market = faster adjustment to the new equilibrium after halving induced supply shock. Then it just rides the lower range of the long term log growth. This is probably bitcoin's terminal behavior as well

>>29196970
I think this will be the last "violent" halving/bull run. going forward itll be much more stable over a longer period of time

>>29196163
tip: only trade btc when volatility is low and the mempool is small

>>29196791
>>29196970
As a retard getting into crypto.
Investing some cash this month and the next to sell in July for a small % is a sound plan?

>>29197130
yeah and if youre a retard just dump it into btc so you can actually follow these charts. jump out at 90k for very conservative takes 120k if youre going for biggest gains. also this is just historical data that has been proven fairly reliable but you never know

>>29196970
too many people know about this now. the market is going to react differently moving forward. i'm not saying we won't have a bear market but i don't think an 80% dump is happening ever again

>>29197130
fuck off, faggot

>>29197130
Dump into BTC and don't touch it until 2030. Thank me later

>>29197211

Correct. Those were the days of pure speculation and retail investors.

Now we've got big names, big money, and institutional investment. The highs won't be as high but the lows won't be as low.

My exit strategy is probably to bail 80% to USDC at 100-110k and wait until crash.

>>29194763
These posts always scare me. On the one hand, I totally believe you when you say we should sell (even if at least 50%) on the other, with so much bullish sentiment and news and institutional investors...I can't see the party finishing in 3/4 months.

>>29195302
scrt is a scam bro

>>29196284
peak at $400k, retracting down to $60k at lowest point in 2023

>>29197430

The cure for uncertainty is to make a plan and set goals now and follow through when things get crazy. Then, no matter what happens after, you can be satisfied that you executed your plan and can go forward with no regrets. Much better than being a bagholder for the new paradigm.

You will understand when the price begins to swing 10k+ over the course of hours or less.

Take your gains when the time comes, no matter how modest they may be. If you want to gamble, that's fine. Just do it with 10-20% of your portfolio. The man who makes 15 dollars out of 10 might wish he'd made 20, but he's much better off than the sap sitting at 0.

>>29197496
How is it a scam?

I'm so unsure , should I put $3000 in BTC right now? I have 48k in savings...

>>29197759
very sane and correct comment. I'll probably sell 50% before june and see how it behaves after. I also sold on march 2020 corona fud. You know how that played out later. Don't wanna repeat the same mistake and can't see it happening again only after 1 year.

>>29197322
this would have made sense in 2012 if you said dump and wait 10 years....

2030, somehow I doubt we will still be using bitcoin. Governments will have responded by then and other cryptos will have caught up.

I would hold for 4 more years then reassess whether bitcoin is still a good bet.

>>29197555
80+% drops are history, but 50-60% drops sure. The next bull run it’ll be when the fed and countries have btc on their “balance sheets”
The future is bright, anyone who has the nuts to hodl till 2030 will be rich, even off 1btc

>>29197416
cash out on a bell curve starting at 75k, if there are any sudden increases or decreases distribute that risk

enjoy the free alpha cucks

>>29198159

Excellent advice, I'll definitely be using that strategy. Thanks anon.

>>29196202
>BTC tax free after a 1 year hodl.
god damn...... I feel jealous as a burger

>>29197806
rebranded engima machien sued by sec, cross chain privacy for a giant tumbler no one uses. monero, bucc or tornado cash is significantly better. also, they're absolute dummies that can't launch a single half decent product

>>29198303
Why doesn’t the second purple curvy boi line up to the price like the first? I don’t know much about this, but it seems like a few things are force-fit to a somewhat arbitrary pattern.

>>29198919
you're clueless they have an eth bridge, an amm like uniswap, nfts, a built in api,etc...
And the sec can suck dis nuts.

I’m subscribed to an invite only, paid newsletter that has been 95% accurate so far; their target is 200-300k EOY
Do with that what you will.

I plan on selling half of my crypto and putting that in a stablecoin earning interest. Hopefully GUSD on blockfi is still offering 8%+ Might look into AAVE or compound.finance too. If we get another big stock market crash, then I'll go balls deep in ETFs.

>>29199324
im reading books about value investing to prepare for the next crash, michael burrys picks did very well last year

>>29198912
No crypto tax at all in my eurorich country:)

>>29199451
What country? Portugal?

>>29194763
Unironically dumping my entire BTC investment when it hits just below 100k. I don't want to be on the ride when things get really ugly. 10x is not too shabby for something I didn't expect to rise so quickly this soon.

>>29199324
I think PAXG gives 5% return. It's a pretty sweet deal if you ask me, considering it's gold-backed.

Don't forget that we can all become LP.
If you don't wanna sell all and plan to hold long term,
At the end of this bull market, add your BTC/ETH/etc. to their stablecoin liquidity. (BTC/USDT, BTC/BUSD, etc.).
Then wait for 1-2yrs of bear market, doing this is basically 1x shorting for dummies. Instead of Impermanent Loss, you will be getting Impermanent Gain (you will lose value in USD but gain in BTC or ETH)
You need to redeem this liquidity around the bottom of bear market. Then hodl again until next cycle.

>>29200247
>USDT
What happened to the claim that USDT is not being backed by actual dollars? This being true would literally destroy BTC and I think that's the intent of Biden's administration.

>>29194763
chart all you want, it will crash when a whale decides to buy a submarine.

>>29199015
kek

>eth bridge
unused garbage dummy. it's a giant tumbler on their chain with custody of YOUR assets.

>AMM like uniswaps
Retard, on their platform with their fees. Fucking retard. There are innate layer 1 solutions on ETH like TC or BUCC that are much better at their job. And if you're going to another chain you might as well go to Monero.

Too high boys shut it down, bull market over

>>29200993
based elon knows we need a couple more weeks of consolidation or we're due for a correction the way things are going

>>29194763
Saying goodbye will not be psychologically easy. I've been holding since getting fully vested in early 2019 (watched it bust in 2018 and knew I had to wait and buy cheap for the next bull run). Since then, my relationship with my phone has been symbiotic -- constantly checking prices, waking up to my portfolio view every morning. It was a constant for me, a source of comfort. I watched my folio go from 250k to 400k to 100k to 700k to 1.5mm. I've sold about half my original holding so far (enough to never have to work again), but disposing of the rest sounds like losing a part of myself. Therefore, from here on out, I AM NEVER FUCKING SELLING.

>>29199092
what's that newsletter?

>>29194763
Faggot musk sped it up, it was supposed to be august/september. Fucking white nigger

>>29199437
tell me more. what picks did he have and what books are you reading?>

>>29202461
mostly he bought brick and mortar retail stores that were trading at or below liquidation value of the company but were not at risk of going bankrupt in the near term. he bought bed bath and beyond at like $5 and sold at $20-30 and gamestop at $4 or something and sold at who knows what. he used to shitpost on stock forums back in the 90s and his reading list is here

https://web.archive.org/web/20131007134521/http://www.siliconinvestor.com/readmsg.aspx?msgid=2865794

>>29195237
GRT will be the next coin that rise in the bear market. Kek wills it.

>>29194763
I don't think we'll ever see an extreme dump like we've seen historically. There aren't just small time investors this time around. Big financial institutions are going in and treating it as a store of value.

>>29203794
how much are the institutions buying though? tesla bought 1.5 billion and microstrategy bought a billion? who else? thats only 2.5 billion and the market cap is 1 trillion so less than 1% institutional ownership probably still

>>29203963
All the talk of how institutions are "considering" bitcoin just means they're deciding whether the price is gonna come down soon before they buy. It's one of the rare times where they can't use their connections to directly control a resource.

>>29203963
Those are just the ones that have disclosed it so far. There are definitely other big boys.

>>29194763
Everyone saying that this isn't the top and that we are going to 100k, 250k, 300k makes me think this is the top

>>29197416
>>29197416
>It's different this time
Kek, those "instutional investors" only hold extremly small percentages of the total supply and even if they have a big influence they will probably dump on retail investors. They are not retarded, they know that this won't last forever. They will probably dump on you and buy back in when the bear comes.

>>29194763
Can you explain this graph as you would to a caveman. I'm a retard. Is red good or bad? I see when the rate of change accelerates and the dependent variable achieves high entropy it mean reverts back to the normal range. So we are still good till about 75k right? Again I'm a moron anon. Maybe I'm wrong.

>>29194763
On the other hand, I just went to their website https://www.lookintobitcoin.com/charts/
I'll just buy a license and rip off their charts. Self fulfilling prophecy since I'm a HK chink refugee in bongland kek.

I'm not feeling well guys

why would anyone sell and pay extra tax when you could just hold and possibly get even larger gains down the road after waiting out the panic selling and cash out with less tax and bigger gains once it recovers??

>>29198912
It's 6 months in Luxembourg

>>29198912
>Spic gov takes 35% of profits from crypto
I will never make it.

>>29194763
Yes, I have an exit strategy. I'll try not to change it either, as we move forward, as that would likely be based on emotion.
I plan on DCA'ing out around 5% of my entire crypto portfolio every month. That's... pretty much it.
Thanks for reminding me, OP. Don't lose strength or get too extreme as the months go on. People won't wanna hear this so lend this board your most soothing voice.

Local top will be 60k next week. We’ll see a 70% correction with a 85% spike. We’ll recover by August and top in December. Screencap this.

>>29194763
We know, but ALT SZN first. Bella Protocol TVL heating up. ARPA hasn't even begun MPC bubble. Very early.

>>29203963
Institutions now own 5-10% of all bitcoin i read somewhere reliable

>>29194763
Imagine algorithms not accounting for trends and selling early. Born 2 bag

>>29194763
I appreciate the attempt at spoonfeeding newfaggots but you shouldnt do it OP
All the midwits scared of bobo after every single btc move deserve to lose it all or being walking dunning krugers, dont help them
Watch them lose their money so they FINALLY leave this board
Looking at you polnpcs and r*dditniggers fucking leave already

>>29206879
a perfect example of midwits I'm talking about