Momentum and the fact that they can be bought in the form of ETF s on the stock market. Therefore the big funds can dip in and out quickly without having to deal with those nasty crypto exchanges which had a habit of going bust. Its basically a Momentum trade like tesla et al used to be
Bitcoin - steer clear or not?
- Thread starter ArthurMcB
- Start date
Focus there on "used to be." I'd expect we'll see a capital allocation of a few percent that will remain as part of portfolios on an ongoing basis. There will still be a cycle crash but it will bed in that way where Bitcoin is concerned over the longer term. You only have to look at the length of time that people have held the asset - those stats reveal how its going to be used (for this particular investment use case).
I love crypto. I have invested but only what I am prepared to lose. I don't have any bitcoin. Historically bitcoin has never hit an all time high in advance of the halving so this is unprecedented. It hit $64k yesterday, all time high was $68,899 and speculation is that it may cross that in advance of the halving. What this means who knows... normally as a result of the halving, demand is greater, price shoots up - as with everything where supply is decreased. It's very exciting to watch even though I'm not invested.
AI and mobile gaming are thought to be big winners in the upcoming bull run. On the other hand XRP (Ripple) beat the SEC and are now the only regulated coin but the price is stymied, however XRP is always last to run in a bull run - most other alt coins will run first.
I see it as a hobby - one of my portfolio is up 265% in the last few months, I have taken out my original investment as profit so am playing with house money. I have an exit plan that no matter what the narrative is I will execute. Nothing I have is in red at the moment, I have seen my portfolio in significant red and it doesn't bother me, it's not a loss until it's realised.
I spend a lot of time every day reading up on all the various sectors - AI / Gaming / Real World Assets / Layer 1 and 2 blockchains etc. I have some of my portfolio in cold storage on a ledger - that was fun and nerve racking. As I said I see it as an interest that could make me some serious money but am not naive enough to not realise it could all go to zero and that would be disappointing but I'd live
Just my tuppence!
AI and mobile gaming are thought to be big winners in the upcoming bull run. On the other hand XRP (Ripple) beat the SEC and are now the only regulated coin but the price is stymied, however XRP is always last to run in a bull run - most other alt coins will run first.
I see it as a hobby - one of my portfolio is up 265% in the last few months, I have taken out my original investment as profit so am playing with house money. I have an exit plan that no matter what the narrative is I will execute. Nothing I have is in red at the moment, I have seen my portfolio in significant red and it doesn't bother me, it's not a loss until it's realised.
I spend a lot of time every day reading up on all the various sectors - AI / Gaming / Real World Assets / Layer 1 and 2 blockchains etc. I have some of my portfolio in cold storage on a ledger - that was fun and nerve racking. As I said I see it as an interest that could make me some serious money but am not naive enough to not realise it could all go to zero and that would be disappointing but I'd live
Just my tuppence!
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I also LOVE crypto, it's allowed me to make the kind of money I never thought possible.
Into bitcoin about 8 years now.
I suspect many people who sh*t on bitcoin are just pig sick that they missed the boat and have to settle for miserable returns from index funds, the S&P500, Investment Trusts etc. And even worse, some of them leave their money in the credit union or bank because it's "safe".
The masses don't have any kind of understanding about inflation and how ordinary people's purchasing power is being eroded at an alarming rate.
It's also funny how some people still think bitcoin is a bubble regardless of the fact that it's been the best performing asset class (yes it is an asset) for the last decade.
My bags are fully packed for this bullrun, alts and bitcoin.
I was also lucky enough to get access to a VC fund recently so I get very very early access to crypto startups before they launch.
In fact, I only caught a 40x yesterday from PORTAL , wish I had of invested more but a very tidy return either way.
Made an absolute killing with the jupiter airdrop also.
Have my sell orders already set to exit the upcoming bull.
So much money to be made out there lads if you know how to navigate the cycles
Into bitcoin about 8 years now.
I suspect many people who sh*t on bitcoin are just pig sick that they missed the boat and have to settle for miserable returns from index funds, the S&P500, Investment Trusts etc. And even worse, some of them leave their money in the credit union or bank because it's "safe".
The masses don't have any kind of understanding about inflation and how ordinary people's purchasing power is being eroded at an alarming rate.
It's also funny how some people still think bitcoin is a bubble regardless of the fact that it's been the best performing asset class (yes it is an asset) for the last decade.
My bags are fully packed for this bullrun, alts and bitcoin.
I was also lucky enough to get access to a VC fund recently so I get very very early access to crypto startups before they launch.
In fact, I only caught a 40x yesterday from PORTAL , wish I had of invested more but a very tidy return either way.
Made an absolute killing with the jupiter airdrop also.
Have my sell orders already set to exit the upcoming bull.
So much money to be made out there lads if you know how to navigate the cycles
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I agree 100% with you here mate, AI and Gaming will dominate this bull, along with DePin IMOI love crypto. I have invested but only what I am prepared to lose. I don't have any bitcoin. Historically bitcoin has never hit an all time high in advance of the halving so this is unprecedented. It hit $64k yesterday, all time high was $64,899 and speculation is that it may cross that in advance of the halving. What this means who knows... normally as a result of the halving, demand is greater, price shoots up - as with everything where supply is decreased. It's very exciting to watch even though I'm not invested.
AI and mobile gaming are thought to be big winners in the upcoming bull run. On the other hand XRP (Ripple) beat the SEC and are now the only regulated coin but the price is stymied, however XRP is always last to run in a bull run - most other alt coins will run first.
I see it as a hobby - one of my portfolio is up 265% in the last few months, I have taken out my original investment as profit so am playing with house money. I have an exit plan that no matter what the narrative is I will execute. Nothing I have is in red at the moment, I have seen my portfolio in significant red and it doesn't bother me, it's not a loss until it's realised.
I spend a lot of time every day reading up on all the various sectors - AI / Gaming / Real World Assets / Layer 1 and 2 blockchains etc. I have some of my portfolio in cold storage on a ledger - that was fun and nerve racking. As I said I see it as an interest that could make me some serious money but am not naive enough to not realise it could all go to zero and that would be disappointing but I'd live
Just my tuppence!
I know many people who are bullish on XRP but the tokenomics are not great and the circulating supply is very low so lots more XRP to be dumped on the market.
I actually jumped into a presale yesterday for an upcoming game launch that's made by the same team behind candy crush. Solid team and very interesting concept that should do very well. If it tanks, no big deal, I'll write that loss off against my bitcoin gains.
Exciting times ahead
P.S be sure to setup koinly and to keep track of your gains so you can pay your taxes.
I must know 20 people in real life who trade crypto and not 1 of them keep track of their buys, sells, swaps, trades. They have their heads buried in the sand when it comes to crypto taxes. It's not going to end well for them IMO.
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yes CGT
I'm focusing on just 2 main investments and 2 far smaller ones with a view to diversifying at a later stage all going well. That being said I'm getting twitchy to throw another few in the pot - particularly around mobile gaming and AI. The narrative around mobile gaming is that the ones that will feature hugely in the bull run haven't even been released yet so always keep some fiat for when they do. The fun is in picking the right one! I hear you regarding XRP but the whole cross-border utility can't be ignored not to mention the on-demand liquidity corridors that are increasing globally. Also Brad G is very impressive and as a board member of the WEF and with such a good relationship with the IMF it's hard not to see the XRPL playing a big part in the roll out of CBDC's etc especially between central banks. But who knows, they may need to burn the escrow to reduce supply. As David Schwartz, their CTO said 'it can't be cheap' if it is to fulfil the function it has been created for. And it's green so not an issue for the SDG 2030 whereas Bitcoin can't be included in that conversation.
I haven't gotten into the airdrops yet - something I do need to do as there is money to be made no question. I'm also loving watching TAO - Bittensor - it is the brain of AI - has had super growth - I got to it too late as it's over €628 per token - definitely a key player in AI, one to watch.
Definitely exciting few months ahead - are we looking at a shorter super cycle I wonder!
I have a position in TAO myself.
Keep an eye out for Aethir, it's not released yet but will be a competitor to Render and it looks very very impressive.
I hope to gain access to a VC funding round in the coming days so I'm very confident I'll do very very well on that, if I can get in on time
Good points about XRP, it just never appealed to me.
A friend of mine thinks XRP is going to 1000x from it's current price, it's hard not to laugh when he says that to me
Keep an eye out for Aethir, it's not released yet but will be a competitor to Render and it looks very very impressive.
I hope to gain access to a VC funding round in the coming days so I'm very confident I'll do very very well on that, if I can get in on time
Good points about XRP, it just never appealed to me.
A friend of mine thinks XRP is going to 1000x from it's current price, it's hard not to laugh when he says that to me
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I always liked your friendI have a position in TAO myself.
Keep an eye out for Aethir, it's not released yet but will be a competitor to Render and it looks very very impressive.
Mostly likely I will have access to it's VC funding round in the coming days so I'm very confident I'll do very very well on that
Good points about XRP, it just never appealed to me.
A friend of mine thinks XRP is going to 1000x from it's current price, it's hard not to laugh when he says that to me
2nd time today I've been prompted about Aethir...one to watch alrightI have a position in TAO myself.
Keep an eye out for Aethir, it's not released yet but will be a competitor to Render and it looks very very impressive.
Mostly likely I will have access to it's VC funding round in the coming days so I'm very confident I'll do very very well on that
Good points about XRP, it just never appealed to me.
A friend of mine thinks XRP is going to 1000x from it's current price, it's hard not to laugh when he says that to me
princeling
Registered User
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- 4
Bump.
I presume all the people who were CERTAIN it was going to zero did put their money where their mouth is and shorted the hell out of it?
I presume all the people who were CERTAIN it was going to zero did put their money where their mouth is and shorted the hell out of it?
Not necessarily. Even if somebody were to know for a fact that the price would go to zero at some point, they still might not be in a position to take a short position (especially a large one), as the market could move against them in the short/medium term and bankrupt them before they ever get a chance to cash in.
My own take more generally for OP is, there's no need to have FOMO about any particular investment vehicle, including Bitcoin. There are many different options out there, many different routes to wealth, so you can pick something that you're sure about. You can afford to pass over 100 options, until you find just one (or a few) that you're confident is a good call.
Sister Sara
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- 81
I think a lot of it is down to Trump and his BBB. I don't know all the in's and out's of it but from what I understand there are generous tax breaks for entrepreneurs setting up manufacturing, heavy industry and agriculture plants (up to 100% on capital costs).
In addition, Trump is trying to pull a stroke by having his Finance Minister be appointed to head of Federal Reserve simultaneously. Trump has been leaning on the Fed to reduce interest rates quicker but no go so far. Reducing rates while simultaneously heating up industry and agriculture, noting that the $ has lost about 10% in last 6 months, all points to a return to inflation. To me anyway.
If his trade embargos are implemented supply chains will break.
These tax breaks have to be paid for by someone though? Well, actually, no-one, the money will just be printed out of thin air. With lower interest rates though Trump will be able to point to reducing the cost of borrowing as the principal never gets paid back anyway and is just rolled over.
It's all a bit of a mess really. If he gets his way there will be choppy waters ahead. Best to buy some bitcoin as a hedge against the madness.
DazedInPontoon
Registered User
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- 397
Bitcoin has had a lot of tailwinds recently, continued institutional adoption which started in earnest last year when the ETFs launched and the Trump admin removing a lot of behind-the-scenes roadblocks the previous admin had made. People becoming more aware of inflation. Alt-coins and meme-coins have played themselves out to some extent and become less of a distraction. People questioning set-and-forget investments like US treasuries and the S&P due to Trump chaos.
But the main narrative right now is public companies adding it to their balance sheet as a treasury asset like (Micro)Strategy.
There has been a battle since November to get over $100k with conviction. We know that during this time ETFs and companies have been accumulating far more coins than the new supply, so it's clear a lot of old-timers probably had $100k as a target to diversify, and it has taken months for the new demand to eat through all that supply. This might have been the biggest single sell-target in bitcoin's history. Now we re-enter price discovery.