BITCOIN

[DSG2003Mach1]

i struggle with the idea of buying more at this point just because of the small investment on my end. If i throw another grand in and btc doubled so what, its only 2 grand and makes no real difference to me. Then again not like Im going and throwing 2k at cheap stocks where that buys me a bunch of shares either.

 

[98 svt]

i struggle with the idea of buying more at this point just because of the small investment on my end. If i throw another grand in and btc doubled so what, its only 2 grand and makes no real difference to me. Then again not like Im going and throwing 2k at cheap stocks where that buys me a bunch of shares either.

I have more in Ethereum than BTC for this very reason.

 

[q6543]

I started buying Litecoin for similar, asymmetric upside potential.

 

[Rb0891]

i struggle with the idea of buying more at this point just because of the small investment on my end. If i throw another grand in and btc doubled so what, its only 2 grand and makes no real difference to me. Then again not like Im going and throwing 2k at cheap stocks where that buys me a bunch of shares either.

The money to be made seems like it is in the alts. Just look at the ATH’s. I am licking my chops at ADA hitting 3 again. I may be waiting awhile lol.

 

[1slo5ohh]

The money to be made seems like it is in the alts. Just look at the ATH’s. I am licking my chops at ADA hitting 3 again. I may be waiting awhile lol.

You and me both. I'm heavy in ADA just patiently waiting for the explosion in price lol. Hoskinson has a vision for everything they're just so slow at implementing things which is good because they're thorough but unfortunately the majority don't care about thorough they just want shit rushed out. ADA may not have the flash and hype but I feel like it will take off and when it does the skies the limit.

 

[jvandy50]

I suppose I'm opposite. I'll take singles and doubles alllll day, they add up...brick by brick as my sensei says.

That said, I did lock in some profit on ETHU at just damn near about bottom today lol. Wanted to make a withdrawal for myself for Christmas...and I will, it'll just be a few hundred lighter.

Seeing money come out of the system has proven to be a motivator for me. ( but I am also sure the bank wonders wtf I'm doin )

 

[q6543]

Must’ve been some fund selling all day, as soon as the market closed the bounce commenced, looking for 100K plus again.. QUICK.

Strong market tape today to, so it was definitely unsettling watching BTC vomit while even a lot of alts held green

Likely EOY profit taking I suppose

 

[LTHL VNM]

The money to be made seems like it is in the alts. Just look at the ATH’s. I am licking my chops at ADA hitting 3 again. I may be waiting awhile lol.

I write this as an admitted Bitcoin maximalist.

Alts have historically proven that some of them can go on parabolic climbs with insane returns. The issue I have with them is that the vast majority not only won’t do this, but exit liquidity is just not there.

Studying the coin, its founders/developers, and also realistically knowing that they don’t have the same features Bitcoin has just makes them a negative EV bet.

Shortly before Coinbase de-listed XRP, I piled in on that around (0.18–0.24 per coin) believing they would win their SEC case and ultimately be listed for trading again. That is the only one I’ve done this with. I know some of yall have made solid returns on coins like DOGE so I’m not ignorant to that.

My hesitance is that the alts like Solana, Cardano, Chainlink, Shiba Inu, Stellar Lumens, Litecoin, etc are all off from their All Time Highs with no real notable news fueling them.

If you use CoinMarketCap.com you can see how that coin has performed against Bitcoin over any of the time periods you select (1 week, 1 month, 90 days, 1 year, and all time.

It is very rare that any other are outperforming Bitcoin, which reinforces my position.

Again, I’m not saying money can’t be made on alts, but timing them feels an awful lot like roulette.

 

[q6543]

I just had a conversation last night that started about Bitcoin and then shifted to “what about DOGE or something else”

Lets you know and I tried to explain, focus on Bitcoin.. same with $NVDA, people will be like “what’s the next NVDA?”

It’s NVDA… buy it, same with Bitcoin…
“What’s gonna be the next Bitcoin “
It’s F’n Bitcoin, buy it lol.

 

[Rb0891]

I write this as an admitted Bitcoin maximalist.

Alts have historically proven that some of them can go on parabolic climbs with insane returns. The issue I have with them is that the vast majority not only won’t do this, but exit liquidity is just not there.

Studying the coin, its founders/developers, and also realistically knowing that they don’t have the same features Bitcoin has just makes them a negative EV bet.

Shortly before Coinbase de-listed XRP, I piled in on that around (0.18–0.24 per coin) believing they would win their SEC case and ultimately be listed for trading again. That is the only one I’ve done this with. I know some of yall have made solid returns on coins like DOGE so I’m not ignorant to that.

My hesitance is that the alts like Solana, Cardano, Chainlink, Shiba Inu, Stellar Lumens, Litecoin, etc are all off from their All Time Highs with no real notable news fueling them.

If you use CoinMarketCap.com you can see how that coin has performed against Bitcoin over any of the time periods you select (1 week, 1 month, 90 days, 1 year, and all time.

It is very rare that any other are outperforming Bitcoin, which reinforces my position.

Again, I’m not saying money can’t be made on alts, but timing them feels an awful lot like roulette.

Don’t disagree though your throwing in meme coins with ones with actual use cases is a bit irrational, no?

 

[LTHL VNM]

Don’t disagree though your throwing in meme coins with ones with actual use cases is a bit irrational, no?

Well that's why I said vast majority. I know some are legit projects, but being in the crypto space for as long as I have, I've just seen so many fizzle out even if they were legit.
The coins I listed are all currently in the Top 25 according to coinmarketcap.com ranked by market cap. I gues shib & doge are technically meme coins but have held top 15 market cap positions for years and I don't discredit that.

Again, I am a Bitcoin maximalist so I naturally measure everything against BTC and when you mix that with being a long term holder as opposed to a trader, I'm just more comfortable with it.

 

[mysticsvt]

View it as I do with normal investing and Bitcoin. 10-15% should be in your 401ks and such traditional assets. Bitcoin takes that stance with the 10%-15% then alt coins the lesser. Especially if you’re not paying attention to news involving them.

 

[98SVTContour98]

i struggle with the idea of buying more at this point just because of the small investment on my end. If i throw another grand in and btc doubled so what, its only 2 grand and makes no real difference to me.

view bitcoin as your savings account.

Keep whatever you need in your bank for monthly bills and even emergencies.

Then whatever is left over monthly goes straight to bitcoin....if you do that for a few years...you will check back and be extremely happy.

 

[Rb0891]

Well that's why I said vast majority. I know some are legit projects, but being in the crypto space for as long as I have, I've just seen so many fizzle out even if they were legit.
The coins I listed are all currently in the Top 25 according to coinmarketcap.com ranked by market cap. I gues shib & doge are technically meme coins but have held top 15 market cap positions for years and I don't discredit that.

Again, I am a Bitcoin maximalist so I naturally measure everything against BTC and when you mix that with being a long term holder as opposed to a trader, I'm just more comfortable with it.

I was just noting your seeming conflation of ones like ChainLink and ADA with Shiba and Doge. Obviously not the same thing as you note.

 

[98SVTContour98]

i'm chitcoining hard on this one, boys

a super micro cap, hoping it's market cap eventually makes it into the millions, right now it's around $50k market cap

https://dexscreener.com/ethereum/0xc46e746e1ba253d718e238574051b16739f042a8

it pamped to $2.5million market cap!

 

[98SVTContour98]

it pamped to $2.5million market cap!

sold half, letting the rest ride

 

[98SVTContour98]

you see 80s again you buy that MFer

 

[98SVTContour98]

 

[Fat Boss]

You are the undisputed world champion of this thread!

 

[98SVTContour98]

You are the undisputed world champion of this thread!

thank you! I am honored