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  • Lake_BumLake_Bum Member Posts: 988 ✭✭✭✭
    J3ff said:
    Lake_Bum said:
    Bitcoin isn't one that you buy/sell/buy/sell.   It's a buy and hold.  And someday sell.  Crypto in general is very volatile, and is NOT for everyone.  
    I took profits on some ApeCoin this morning.  It jumped 117% overnight.  That type of Altcoin is the type ya sell and re-buy.  Not BTC   B)
    What color lambo are we looking at ??? 
    GREEN of course!  Hahaha.  I put some of the $ to good use, and installed a whole new stereo system and rear cameras on the Class A diesel pusher.  
    Dogecoin is the one to watch.  It has recently really ramped up.  And Elon's new division he's in charge of for Trump's administration is cleverly named D.O.G.E. (department of Government efficiency)  Standby for some serious government fat to be trimmed!  Way way needed. 
    2000 Captiva 232 
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  • J3ffJ3ff Member Posts: 4,112 ✭✭✭✭✭
    Lake_Bum said:
    J3ff said:
    Lake_Bum said:
    Bitcoin isn't one that you buy/sell/buy/sell.   It's a buy and hold.  And someday sell.  Crypto in general is very volatile, and is NOT for everyone.  
    I took profits on some ApeCoin this morning.  It jumped 117% overnight.  That type of Altcoin is the type ya sell and re-buy.  Not BTC   B)
    What color lambo are we looking at ??? 
    GREEN of course!  Hahaha.  I put some of the $ to good use, and installed a whole new stereo system and rear cameras on the Class A diesel pusher.  
    Dogecoin is the one to watch.  It has recently really ramped up.  And Elon's new division he's in charge of for Trump's administration is cleverly named D.O.G.E. (department of Government efficiency)  Standby for some serious government fat to be trimmed!  Way way needed. 
    Yup yup. I thought buying in around 40k might be stupid. Not anymore!! 
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  • Lake_BumLake_Bum Member Posts: 988 ✭✭✭✭
    MarkB said:
    Just remember ... crypto is give and TAKE.  Be careful ... like today ... we went from 49k high yesterday to 43k today. It's not for the faint of heart.
    Here's MarkB's quote from just 11 months ago.  Bitcoin was at $43k on that day in January.  We've been flirting with $100k recently. It met resistance at $99k and keeps bouncing back and forth from 96-98.   It's NOT one to ever ever sell in my opinion, but I guess "someday" it's inevitable lol.   The big story recently, along with many, many others is XRP.   It's finally doing what everyone has predicted for years.  And just getting started.  Up over 400% in a month, and will keep rising up up up up.......if you don't have any, it sucks to be you haha.  I accumulated when it was still being sued by the FCC and was dirt cheap.  Not anymore  :D
    2000 Captiva 232 
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  • MarkBMarkB Member Posts: 3,981 ✭✭✭✭✭
    This is what we call "alt season" after a large BTC markup, and at the end of that mark up, money moves from BTC to alts ... the alts are pumped remarkably.  Traditionally, in the past, once alt season is over, the entire thing (total crypto market) comes crashing down, starting with a large BTC mark down. In past mark downs, BTC corrects by losing between 70% and 85% of it's value (yes, I said that right).

    Now, please note, history DOES NOT need to repeat itself. For the first time every, institutional investment is dominating BTC purchases ... prior to now, it was mostly Wall St. vs. the little guy.  Anyhow, it is a speculative asset ... so I'm sure there will be a surprise correction at some stage.  

    It's always wise to take profit ... at least some.  As long as all we care is how many USD that BTC is worth ... then take the USD profit.

    For me, LTC is been doing very well ... I think it has great upside potential, but I am watching fervently for that end to alt season ... because I don't want to get caught in an 80% correction, to try and make another few $$ being too greedy.

    Boat Name: King Kong

    "Boat + Water = Fun"

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  • J3ffJ3ff Member Posts: 4,112 ✭✭✭✭✭
    Woooooo BTC 100k+ @Lake_Bum doin the dance!!
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  • aero3113aero3113 Member Posts: 9,071 ✭✭✭✭✭
    Now that it hit $100k, will probably see it rise a good amount more.
    2008 330EC
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  • Lake_BumLake_Bum Member Posts: 988 ✭✭✭✭
    $103 k  B)
    2000 Captiva 232 
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  • Lake_BumLake_Bum Member Posts: 988 ✭✭✭✭
    And $104K before bed.   
    2000 Captiva 232 
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  • MarkBMarkB Member Posts: 3,981 ✭✭✭✭✭
    These rounded price limits (like $100k) are called psychological resistance levels. There are no real fundamentals to have a limit there (for example in another currency like the EUR ... $100k is not a round EUR number ... it means nothing really.  Real resistance levels have technical fundamentals behind them.  So the psychological levels are typically tested, but sooner or later broken through, just like BTC did now.

    Boat Name: King Kong

    "Boat + Water = Fun"

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  • J3ffJ3ff Member Posts: 4,112 ✭✭✭✭✭
    time to buy the dip? 
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  • J3ffJ3ff Member Posts: 4,112 ✭✭✭✭✭
    image@Lake_Bum you in on this? 
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  • Lake_BumLake_Bum Member Posts: 988 ✭✭✭✭
    Fartcoin?  Hahahaha sounds like a "sound" investment  :D  
    Quite a few people got burned on the meme coin "Hawk Tuah" recently too haha.  

    I'm not buying the dip....YET.  But I'm getting a pretty big bonus at work this year.  I'm putting 1/3 into savings, 1/3 into mortgage, 1/3 into Crypto!   Big things are happening very very soon.  Trump is planning on a Bitcoin reserve, the Fed is cutting rates, Saudi just approved XRP in their banks, etc.  The possibilities are endless. 
    2000 Captiva 232 
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