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re: Official CryptoTalk Thread

Posted on 3/16/21 at 5:28 pm to
Posted by ronricks
Member since Mar 2021
11245 posts
Posted on 3/16/21 at 5:28 pm to
Just saw where only CB Pro will offer the ADA. Won’t be available on the app or website. That seems silly.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 3/16/21 at 5:30 pm to
I think the entire idea of having Coinbase Pro that is free to use with different fees is stupid

There is almost no reason outside of rewards to ever use Coinbase
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 3/16/21 at 7:51 pm to
I’m feeling an end to this bull run in a month or so. I dunno, maybe just my imagination, it just feels that way. Getting January 2018 vibes.
Posted by finchmeister08
Member since Mar 2011
39886 posts
Posted on 3/16/21 at 8:03 pm to
quote:

There is almost no reason outside of rewards to ever use Coinbase


You mean the dummy CoinBase?
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/16/21 at 8:24 pm to
well crypto and bitcoin were just babies back in 2017 and the macroeconomic environment was totally different back then in comparison to todays situation so i dont really have that vibe
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 3/16/21 at 8:28 pm to
I’m with Saylor, I expect volatility but year over year growth is going to track with the historical average over a four year window
This post was edited on 3/16/21 at 9:36 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 3/16/21 at 8:31 pm to
quote:

I dunno, maybe just my imagination
Yep
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/16/21 at 8:35 pm to
yeah, agreed. which asset would one sell into at this point, anyways?


Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 3/16/21 at 8:40 pm to
Crypto has another 3-4 months on this run minimum. If the historical charts are any indication anyway.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 3/16/21 at 8:42 pm to
quote:

which asset would one sell into at this point, anyways?
I do a weekly sanity check since I tend to have "bitcoin blinders" on, self admittedly. This is the one question I ask myself each week. If I were to sell for profits, what asset would I sell it for?

Cash - no way in hell
Stocks - inflated, will continue to rise, BTC exceeds in gains IMO.
Property - stupidly inflated and only getting worse, will continue to rise, BTC exceeds in gains IMO.
Precious metals - LOL

Seriously, what does one park their money in if you sell out of crypto right now?
Posted by 21JumpStreet
Member since Jul 2012
14873 posts
Posted on 3/16/21 at 8:52 pm to
So are you saying you have all your assets in crypto and none in anything else?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 3/16/21 at 8:56 pm to
You always diversify
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 3/16/21 at 9:06 pm to
thats true, institutions have a lot hanging out in cold storage which should reduce volatility.

Just feels like everyone only thinks this can go up which is how it was in 2018 before it shite itself

Maybe just ptsd
This post was edited on 3/16/21 at 9:07 pm
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 3/16/21 at 9:07 pm to
Cash and wait for a correction to buy back in?

Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/16/21 at 9:16 pm to
quote:

I do a weekly sanity check since I tend to have "bitcoin blinders" on, self admittedly. This is the one question I ask myself each week. If I were to sell for profits, what asset would I sell it for?

Cash - no way in hell
Stocks - inflated, will continue to rise, BTC exceeds in gains IMO.
Property - stupidly inflated and only getting worse, will continue to rise, BTC exceeds in gains IMO.
Precious metals - LOL


yeah, same and i know you dont do this, but i earn interest on my bitcoin so even the downside risk is mitigated to a certain degree
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/16/21 at 9:19 pm to
quote:

Maybe just ptsd


agreed, the psychological impact of a selloff cant be ignored. if there is a big dump right around the time everyone thinks the bull market is over, it could become a self-fulfilling prophecy.

on the other hand, i tend to think if another fortune 500 discloses bitcoin on the balance sheet than things could jump rapidly and in turn, there will be more conviction with the market
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 3/16/21 at 9:38 pm to
quote:

So are you saying you have all your assets in crypto and none in anything else?



I think he's saying if you are selling out of crypto, what would you be buying into to replace it and why?

I like having my house and my 401(k). If I'm dead freaking wrong about crypto, I'll always have assets to keep me looking good in retirement. Diversification is always important.


However, I feel extremely confident in my crypto portfolio to continue to perform even after everything else corrects when we open the economy back up. It's the ultimate long game.
This post was edited on 3/16/21 at 9:43 pm
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 3/16/21 at 9:38 pm to
If there is a massive sell-off, institutions are going to gobble it up.

Unless you want Michael Saylor to own all of your BTC as it continues to hit all time highs, you HODL. At least that's my messaging to newbies.
This post was edited on 3/16/21 at 9:39 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 3/16/21 at 9:42 pm to
quote:

So are you saying you have all your assets in crypto and none in anything else?

I'm mildly diversified in case things go south but >50% of my net worth is crypto. I've been selling stocks since early 2020 to buy BTC though. Haven't touched my 401ks or Roths - letting those ride.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 3/16/21 at 9:45 pm to
quote:

Cash and wait for a correction to buy back in?

What if it doesn't do the big correction for another 6 months and that correction leads to price falling to something higher than today? What if there is never the big 50+% correction again? Cannot risk selling an asset I feel is a multi year winner just to pray I can get a better re-entry price in the future.
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