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re: Official CryptoTalk Thread
Posted on 2/21/21 at 3:16 pm to AndyJ
Posted on 2/21/21 at 3:16 pm to AndyJ
quote:This is how I look at it and why I won't be selling any on the ride up. 20-30% pullbacks will happen. Depending on your tax bracket, you likely need a minimum of 20% better entry price to offset the taxes you will be paying for selling and rebuying.
That said, the pullback might be from $85,000 down to $75,000, so I whiffed. Who knows?
5
Posted on 2/21/21 at 3:37 pm to TigerTatorTots
quote:
This is how I look at it and why I won't be selling any on the ride up. 20-30% pullbacks will happen. Depending on your tax bracket, you likely need a minimum of 20% better entry price to offset the taxes you will be paying for selling and rebuying.
“ Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. ” - Reminisces of a Stock Operator
Posted on 2/21/21 at 3:50 pm to TigerTatorTots
Thanks for that. Good point.
Posted on 2/21/21 at 3:53 pm to TigerTatorTots
Everything just points to hodl 
Posted on 2/21/21 at 4:20 pm to TigerTatorTots
Are you ever selling?
Posted on 2/21/21 at 4:56 pm to TigerTatorTots
Everyone has their own strategy and does what's best for them. 
I like taking profit and moving those profits to other opportunities that haven't gotten hot yet.
This crypto run has been amazing and could likely last all 2021, but I always sell into a rally. I accumulate during bear markets or stagnation.
I like taking profit and moving those profits to other opportunities that haven't gotten hot yet.
This crypto run has been amazing and could likely last all 2021, but I always sell into a rally. I accumulate during bear markets or stagnation.
Posted on 2/21/21 at 5:00 pm to JimMorrison
quote:
but I always sell into a rally.
imagine bragging about selling your Bitcoin to Michael saylor and elon musk
brutal
Posted on 2/21/21 at 5:05 pm to JimMorrison
quote:
This crypto run has been amazing and could likely last all 2021, but I always sell into a rally. I accumulate during bear markets or stagnation.
If we ever get anymore stimulus checks, it’ll definitely keep going up.
Posted on 2/21/21 at 5:07 pm to DallasTiger11
quote:I'll re-evaluate around the late summer time frame. I think we eventually have a larger pull back late 2021 similar, but not as extreme, as the past 2. I may sell 20% of my holding at that time but I need to see what the market it acting like later in summer
Are you ever selling?
Posted on 2/21/21 at 5:11 pm to rocket31
quote:
imagine bragging about selling your Bitcoin to Michael saylor and elon musk
It was my pleasure
Never regret selling profit
That's why I'm in this space. To profit.
And y'all shouldn't misconstrue taking profit with selling my entire holding. I'm still riding.
This post was edited on 2/21/21 at 5:14 pm
Posted on 2/21/21 at 5:15 pm to finchmeister08
quote:
If we ever get anymore stimulus checks, it’ll definitely keep going up.
theres no reason to ever sell your bitcoin now that you can borrow against it.
someday everybody will realize this but until then keep stacking
Posted on 2/21/21 at 5:15 pm to JimMorrison
quote:If you can consistently outpace bitcoin >20% each trade (due to what you'd have to pay in taxes to break even) all the while bitcoin is marching higher, more power to you. That is a feat that 99% of the people in here can't do, myself included. I wish I could, but I can't, so I will just hodl.
I like taking profit and moving those profits to other opportunities that haven't gotten hot yet.
This post was edited on 2/21/21 at 5:17 pm
Posted on 2/21/21 at 5:29 pm to TigerTatorTots
This video really has me reconsidering VET.
LINK
A lot of people don’t like it because it’s centralized which apparently goes against the thought of blockchain technology.
LINK
A lot of people don’t like it because it’s centralized which apparently goes against the thought of blockchain technology.
Posted on 2/21/21 at 5:57 pm to finchmeister08
Binance is extreme centralized and no one is running from BNB
Posted on 2/21/21 at 6:01 pm to JimMorrison
Everyone has to do their own calculus of the market’s supply and demand dynamics. I’m of the opinion that with the parabolic adoption as a reserve asset for both individuals and corporations vs limited supply within the context of unprecedented brrrring that we are not yet close to that equilibrium.
I have no idea what prices will do over the coming days / weeks, but the macro trend zooming out is quite apparent.
I have no idea what prices will do over the coming days / weeks, but the macro trend zooming out is quite apparent.
Posted on 2/21/21 at 6:05 pm to 21JumpStreet
quote:
Ok, as far as the selection variety would binance and kucoin be at the top?
Yes, unless you wanna try hotbit which most people know nothing about
Posted on 2/21/21 at 6:31 pm to finchmeister08
quote:
If we ever get anymore stimulus checks, it’ll definitely keep going up.
My $4200 is going straight to BTC.
Posted on 2/21/21 at 7:33 pm to rocket31
I was listening to Flori Marquez talk about this on you tube. She is hot.
Posted on 2/21/21 at 8:27 pm to JimMorrison
quote:
This crypto run has been amazing and could likely last all 2021, but I always sell into a rally. I accumulate during bear markets or stagnation.
Smart IMO. Nobody knows the future.
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