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re: Official CryptoTalk Thread

Posted on 2/28/24 at 12:04 pm to
Posted by BottomlandBrew
Member since Aug 2010
27157 posts
Posted on 2/28/24 at 12:04 pm to
quote:

What's everyone's plan then?


It depends on the coin, but it's generally selling 10% of certain stacks at price points up until I'm 80% sold. 20% will remain in the market, and 33% of the profits (after taxes) sit in cash until large dips. TBD if the 4 year cycle is broken or not, so who knows if we see any very large dips.

I'm no longer in DCA-in mode. I'm in ladder-out mode. For example, I'm starting to ladder out of ETH at $4k, then every $2k after that all the way up to $18k. Do I think it goes to $18k this cycle? Eh, it's a long shot, but if it does, then my family will be in a good spot with no debt, a much needed addition on our house, and some money for the kids' education. Will I be rich? No. Will I be happy? Yes.
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
25949 posts
Posted on 2/28/24 at 12:11 pm to
quote:

showing 0 balance, they must have issues today


Like I told burgeman, they fixed it and are actually right for once
Posted by MrSpock
Member since Sep 2015
4365 posts
Posted on 2/28/24 at 12:37 pm to
quote:

I'm no longer in DCA-in mode. I'm in ladder-out mode. For example, I'm starting to ladder out of ETH at $4k, then every $2k after that all the way up to $18k. Do I think it goes to $18k this cycle? Eh, it's a long shot, but if it does, then my family will be in a good spot with no debt, a much needed addition on our house, and some money for the kids' education. Will I be rich? No. Will I be happy? Yes.



I have similar plans. If I have to forego the Lambo for a GT3 so be it
Posted by BottomlandBrew
Member since Aug 2010
27157 posts
Posted on 2/28/24 at 1:20 pm to
I'd take the GT3 over the Lambo no matter how rich I was.
Posted by Odinson
Asgard
Member since Apr 2014
2760 posts
Posted on 2/28/24 at 2:31 pm to
Seems like CB pulled a RH on the btc pump.
Posted by Chuckiee
Member since Jan 2007
2501 posts
Posted on 2/28/24 at 2:49 pm to
Nevermind, figured it out
This post was edited on 2/28/24 at 3:57 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80803 posts
Posted on 2/28/24 at 3:44 pm to
RobinHood
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80803 posts
Posted on 2/28/24 at 8:27 pm to
quote:

They are all shitcoins. Even BTC. It’s over. Going to be a slow death to the bottom. All the reasons people were told to buy BTC for have been exposed as a lie.

Up over 200% since Ron declared it "over"
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80803 posts
Posted on 2/28/24 at 8:47 pm to
quote:

What timeline you think?


Going to be slow and steady drop where most the major exchanges will be insolvent by December. Have you not been paying attention to the absolute desperate corporate messaging these exchanges have been sending out almost daily? They don’t have the money to cover withdrawals. They are leveraged on a bunch of shitcoins (hint they are all shitcoins even BTC and ETH)

You worship people on Twitter and Reddit that are high school dropouts when it comes to crypto. It’s pure delusion. You cryptobros won’t allow yourselves to see what is happening right before your eyes.


We have a very strong case to make ole Ron the MT JimCramer
Posted by castorinho
13623 posts
Member since Nov 2010
82060 posts
Posted on 2/28/24 at 9:32 pm to
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43307 posts
Posted on 2/29/24 at 6:42 am to
Llffgg

The payoff for wading through the bear market blues
This post was edited on 2/29/24 at 6:43 am
Posted by Lawyers_Guns_Money
Member since Apr 2015
394 posts
Posted on 2/29/24 at 8:42 am to
Is anyone still accumulating or just riding with what you’ve got at this point?

I’m heavily skewed towards BTC, wish I had more ETH. Just hesitant to get in at this point when I could have bought ETH the last 2 years.
Posted by Rize
Spring Texas
Member since Sep 2011
15837 posts
Posted on 2/29/24 at 8:59 am to
quote:

Is anyone still accumulating or just riding with what you’ve got at this point? I’m heavily skewed towards BTC, wish I had more ETH. Just hesitant to get in at this point when I could have bought ETH the last 2 years.



I haven’t done anything with crypto in a while. Just riding with what I got and start selling some along the way.
Posted by dsides
Member since Jan 2013
5405 posts
Posted on 2/29/24 at 9:01 am to
quote:

Is anyone still accumulating or just riding with what you’ve got at this point? I’m heavily skewed towards BTC, wish I had more ETH. Just hesitant to get in at this point when I could have bought ETH the last 2 years.


Depends on your objectives. If you believe in the play as a storage of capital as an alternate to declining dollar, then yes, I’d still accumulate. If you need capital soon, scrape some profit as you could expect pullbacks along the way.
Posted by ynlvr
Rocket City
Member since Feb 2009
4596 posts
Posted on 2/29/24 at 9:06 am to
I'm jumping in to the miners - CLSK & RIOT - this morning after yesterday and this morning's plunge. Hoping for a short hold and dump.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43307 posts
Posted on 2/29/24 at 9:10 am to
Every week I convert some USD to USDC and then swap the USDC for ETH for my DCA strategy. I've stopped converting USDC to ETH. I've got some plans for taking profits and holding onto them til next bear market to re-deploy. This is for my main stack. My play money just is what it is, hope to hit a shitcoin jackpot or two and cash out lol
This post was edited on 2/29/24 at 9:11 am
Posted by Lawyers_Guns_Money
Member since Apr 2015
394 posts
Posted on 2/29/24 at 11:53 am to
quote:

Every week I convert some USD to USDC and then swap the USDC for ETH for my DCA strategy. I've stopped converting USDC to ETH. I've got some plans for taking profits and holding onto them til next bear market to re-deploy. This is for my main stack. My play money just is what it is, hope to hit a shitcoin jackpot or two and cash out lol


Dumb question, but why are you doing the USD -> USDC conversion? Why not just buy ETH directly through an exchange?
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43307 posts
Posted on 2/29/24 at 12:49 pm to
I onboard through Coinbase, and if you go USD->ETH there's a hold period. If you go USD -> USDC, there's no holding period and so you can convert the USDC to whatever you want and have full access to it. Plus, I like to have that sitting as USDC on Coinbase because then it's taken from my bank account already done with, don't have to remember or think about it.
Posted by jerryc436
Franklin
Member since Jan 2014
519 posts
Posted on 2/29/24 at 2:02 pm to
Any idea why the miners, MARA,CLSK and RIOT are down so much with BTC up today? Bump
This post was edited on 3/4/24 at 1:58 pm
Posted by castorinho
13623 posts
Member since Nov 2010
82060 posts
Posted on 2/29/24 at 2:22 pm to
quote:

I onboard through Coinbase, and if you go USD->ETH there's a hold period.
I can wire money to CB and take the my ETH off the exchange the same day.
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