Author Topic: Cryptocurrency Master Thread (Read 222489 times)

KITNfury · « **Reply #3625 on:** November 04, 2021, 08:20:48 AM »

When will bitcoin be in the 30s again? Would like to buy more at that price.

steve dave · « **Reply #3626 on:** November 04, 2021, 10:30:42 AM »

JPM analyst working until 1 AM every night to produce this stuff

yoga-like_abana · « **Reply #3627 on:** November 04, 2021, 10:32:31 AM »

Quote from: steve dave on November 04, 2021, 10:30:42 AM

JPM analyst working until 1 AM every night to produce this stuff

Sounds like he knows as much about BTC as we all do

KITNfury · « **Reply #3628 on:** November 04, 2021, 12:10:29 PM »

"who the eff knows what will happen lol"
-that guy

Pete · « **Reply #3629 on:** November 04, 2021, 12:11:27 PM »

Yeah, and huge LOL at the idea of a "fair price" for any of this rough ridin' crap.

The fact that it's just sitting there holding at the $60K level, while slowly building up its "X days moving average" seems to suggest that $30K is unlikely unless some kind of really bad totally unexpected regulatory thing happens. These trader dudes look at that moving average like it's the gospel and regard it as a "floor" to "bounce off of."

wetwillie · « **Reply #3630 on:** November 04, 2021, 12:20:13 PM »

Crypto TA is like counting cards at a black Jack table. They are looking at signals that indicate next moves and trying to get a better than 50/50 chance of it being correct. The floor price could evaporate with major fuckery in the very short term but no a 50% drop.

Pete · « **Reply #3631 on:** November 04, 2021, 12:25:36 PM »

Personally, I am *this* close to pulling the trigger on a large (for me) BTC purchase. If I get $60K on the nose, I will be happy with that, but I will probably buy at less than $65K by the end of next week if it hasn't dipped like that.

steve dave · « **Reply #3632 on:** November 06, 2021, 08:45:54 AM »

steve dave · « **Reply #3633 on:** November 06, 2021, 09:07:09 AM »

https://twitter.com/allstarcharts/status/1456985714277502984

steve dave · « **Reply #3634 on:** November 06, 2021, 12:28:02 PM »

SOL making ATHs every day

DaBigTrain · « **Reply #3635 on:** November 07, 2021, 07:30:22 PM »

Altcoins go moon

steve dave · « **Reply #3636 on:** November 07, 2021, 08:24:06 PM »

Eth ATHs are good

DaBigTrain · « **Reply #3637 on:** November 07, 2021, 08:43:20 PM »

Pete · « **Reply #3638 on:** November 08, 2021, 07:06:43 AM »

I am too scared to go very big on anything more alt-ish than ETH, so I kinda stopped following everything but BTC and and ETH very closely. I am a pretty big fan of Benjamin Cowen and his youtube series "Into the Cryptoverse." He's a Ph D engineer and mathematician who is pretty level headed about all this, and does a very nice job of explaining the thought process of traders as they look at this stuff, and the market cycles and so forth. He's a good follow on twitter and YouTube.

https://www.youtube.com/channel/UCRvqjQPSeaWn-uEx-w0XOIg

Pete · « **Reply #3639 on:** November 08, 2021, 07:08:32 AM »

This gal is also a pretty good watch on Youtube, but this is more just macro level industry news, with some occasional deep dives into various concepts. https://www.youtube.com/c/UnchainedPodcast

Purple Derpathy · « **Reply #3640 on:** November 08, 2021, 03:03:44 PM »

So what percentage % of everyone's liquid portfolio (cash, stocks, crypto, bonds, t-bills, IRAs/401Ks) is made up of Crypto at this point?

I'm at ~35%. According to most pundits, this makes me a dumbass and overly leveraged in the crypto game.

Phil Titola · « **Reply #3641 on:** November 08, 2021, 03:06:49 PM »

If you are including retirement that seems really high but could be from your huge gains in crypto?

Purple Derpathy · « **Reply #3642 on:** November 08, 2021, 03:12:06 PM »

Quote from: Phil Titola on November 08, 2021, 03:06:49 PM

If you are including retirement that seems really high but could be from your huge gains in crypto?

Yes, includes retirement investments. Was at ~10% last fall before everything took off so definitely big gains from crypto. Have not sold or bought anything significant since then either.....

Pete · « **Reply #3643 on:** November 08, 2021, 03:17:31 PM »

Crypto is not a significant portion of my overall stuff right now, but I hope that it will be within the next few years. And, that is NOT because I am moving any of my SP500 index fund money to crypto (I won't do that), and instead because the crypto I have and continue to buy just rough ridin' moon shots.

kim carnes · « **Reply #3644 on:** November 08, 2021, 03:17:55 PM »

Since your cost basis is fairly low I would say you’re mostly not a dumbass. Also, putting 10% of your assets into crypto a year ago is pretty ballsy, so congrats on that.

Pete · « **Reply #3645 on:** November 08, 2021, 03:19:26 PM »

If I were 25, I'd put it all in crypto until BTC either hits several hundred K, or just goes bust. eff it.

Phil Titola · « **Reply #3646 on:** November 08, 2021, 03:28:16 PM »

My crypto is like 2%. It's not really an asset I think of as part of my investment strategy, just eff around cash.

steve dave · « **Reply #3647 on:** November 08, 2021, 03:28:35 PM »

Quote from: Purple Apathy on November 08, 2021, 03:03:44 PM

So what percentage % of everyone's liquid portfolio (cash, stocks, crypto, bonds, t-bills, IRAs/401Ks) is made up of Crypto at this point?

I'm at ~35%. According to most pundits, this makes me a dumbass and overly leveraged in the crypto game.

a) your definition of "liquid" including IRA/401ks is strange.
b) I'm at about 2% including things I would actually not call liquid (IRAs, 401Ks, 529s, 403s, etc.). But I'm at like 10% of actual liquid (cash, brokerage, savings, etc.). And that seems to be way over allocated but, like was already pointed out, a big chunk of that is gains.

steve dave · « **Reply #3648 on:** November 08, 2021, 03:29:28 PM »

Quote from: Phil Titola on November 08, 2021, 03:28:16 PM

My crypto is like 2%. It's not really an asset I think of as part of my investment strategy, just eff around cash.

this was where I was but now it's grown to be irl money. irl money I don't want to pay a shitload of taxes on though so it's just going to stay there.

Phil Titola · « **Reply #3649 on:** November 08, 2021, 03:32:38 PM »

Quote from: steve dave on November 08, 2021, 03:29:28 PM

Quote from: Phil Titola on November 08, 2021, 03:28:16 PM
My crypto is like 2%. It's not really an asset I think of as part of my investment strategy, just eff around cash.

this was where I was but now it's grown to be irl money. irl money I don't want to pay a shitload of taxes on though so it's just going to stay there.

Same.