The Cardano example is classic and yes, so obvious.Listen to this.
Before I click that, what is it?Listen to this.
The changing guard of level 1 coins and pumping.Before I click that, what is it?
Before I click that, what is it?
Listen to this.
I have the same thought. I'm interested in arguments around bitcoin being a "liferaft" or an escape from the insane monetary system. Michael Saylor's arguments appeal to me.Has the crypto playbook officially shifted from "DCA into Bitcoin and HODL to survive the imminent dollar/financial collapse" to "Buy into Twitter-hyped shitcoins and ride the wave before unloading on some hapless bagholder?"
Because that seems to be the direction of the thread. I suppose it is a new year. Perhaps the season of crypto has changed?
Hard agree here as well. I'm DCA on the S&P 500, managing real estate investments, and looking to buy a business, likely from a retiring boomer.Most guys would be financially better served by investing in a boring old stock portfolio
Professional skillset and network have got to be the real winners, if you are reasonably young. Even if you're say 55, if you find the right real estate investment, that could take care of you for the rest of your life.and focusing their time and energy on developing their professional skillset and network, rather than breathlessly following crypto-Twitter and gambling on the latest shitcoins.
The guy has a great point. Useful technology is nothing without social adoption. He makes the bear case for most altcoins.Listen to this.
Who is the speaker?Listen to this.
The snowball and social attraction to BTC has already occurred though, which means they'll keep going to it as others fail.The guy has a great point. Useful technology is nothing without social adoption. He makes the bear case for most altcoins.
It's actually the bear case for all of crypto, including bitcoin. What if the social movement around it slows or stops?
We really should be talking about selling on here. It’s easy to buy sh!t coins that go up in value during a bear market. Not so easy to exit with a sound strategy to make a good profit .
Who is the speaker?
. One good rotation will serve you well. Let's say you get a 30X on $ALPH, you cash out, the market corrects 40%, you scope out a coin that's been hammered hard. You buy it. It goes 30X. $1,000 -> $30,000 -> $900,000.
It doesn't matter if you miss out on Xs. What matters is you get out well above where the coins will be in Nov 2026.
Sell everything you still hold in Nov-Dec 2026. If you wake up and there is a 10% correction in that window, get out.
It's looking more like a correction is coming.
I got out of large bags last night and am short Sei, ENS, ICP and ASTR. USDT in margin lending.
Support seems to be around $2,100 ETH, maybe around $1.40 for $ALPH. Will be monitoring what gets hit hard for re-entry.
BUY the ETFs Rumor and Sell the News?
Harry Dent is easy to dismiss as a stopped clock - correct twice a day... However, he is a Harvard MBA and Expert in Markets, Generational Cycles (Boomers spending less now and Millennials begin Spending More) and expert in Fractal Waves (Elliott Motive Upwards and Retracement Corrective Wave Cycles).
Dent is a huge BTC proponent and will back up the Truck to Buy BTC when it corrects this year to the $3,200 to $11,000 USD range for its next major 5-year run to $760K USD.
Point is time to Hold off both BTC, ALTs and Stocks as they are all due for a major Fibonacci 89% retracement correction (A.K.A. CRASH) prior to the next bull run... Harry indicates the current BTC Wave is the Top of a Super ABC "B" Wave - the classic Bull Trap scenario before the C leg drop.
On today's Rant, Harry discusses the future of Bitcoin and why it is a leading indicator of the crash of our lifetime.
How can Harry be Correct?
View attachment 3876
The Blue Waves are a Major Fractal Cycle - one Fractal Degree LESS than a larger Primary Wave.
The $69K USD Top was the top of both a Major and Primary 5 Motive Waves Up. The subsequent Blue ABC down (53,540 pts) and current blue 1-2-3 3rd of 5 is in fact the A and B legs of a larger Primary Corrective wave... The Current 1-2-3 Corrects inverse Golden Ratio to .382 1 through 3 = 36.4K with a 5th back up to 57.8K 1-3-4 Fibonacci .618 Extension Target. See Yellow Oval.
Primary C wave then calculates as 57.8K minus 53.5K Primary A leg = $4.3K Retracement Target 1.1K higher than Harry Dent's worst case $3.2K USD scenario but lower than his Puerto Rico Cryptoneers or Crypto Buccaneers super optimistic $10K to $11K corrective Range.
So ask yourselves is this VooDoo Cryptonomics or is it Fibonacci Extensions and Retracements Mathematics???
As the OZ bros say wise men do not jump into north Oz river swimming holes until they throw in some Salty Crocs bird bait.
Hint - DO NOT BE THE CRYPTO CROCs BAIT! Keep your powder dry in 2024 and avoid premature etrigulation... then pull the trigger and Buy BTC at the Fib Retracements Fractal Primary C Leg Lows (3K to 4K) for the next Mega BTC Bull Run up to $760K per Harry in 5+/- years.
Michael Saylor of Micro Strategies is right you will be able to retire on One BTC - he is just way off on the Timing.
You can buy 10 BTC at the target low for what you will pay for One BTC Now approaching the 5 Wave Primary B Top.
Ignore Harry Dent at your own financial peril.
Honest question here (seems like the right place for it): jews have got to have a heavy hand in crypto innit? They are heavily involved everywhere else money and finance are to be seen. How do jews play a role in crypto? This buyer wants to beware.
His point that basically shit coins are a gambling vehicle and you got to get onto the latest trends not the has been shit coins of yesteryear. I think the Bitcoin maxi posiiton is extreme to think that no useful tokens exist or will exist other than bitcoin. That would be like saying in the year 2000 that Amazon will be the only successful tech company. Most of the tech stocks from 1999 and 2000 eventually went to zero but a handful became giants. The same will happen with cryptos. Out of the thousands of cryptos you might get 20 or 30 of them will turn out to be big winners and dominate the crypto ecosystem over the next 20 years (most likely with Bitcoin and Ethereum retaining the top two spots) and the others will die off.The Cardano example is classic and yes, so obvious.
He proves why maxis are right, by the way. I sniffed that out a long, long time ago.
Eh you’re ballsier than me. I’m not getting out of anything but may decrease my average
As soon as I buy quant, which will be my last big bag, I may just stop looking at crypto for about 12 months