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Cryptocurrency

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    Originally posted by finlay1888 View Post

    Constant internal debate of whether to cash some out or let it ride some more...
    Bitcoin correction is imminent, market over bought. You'll feel a strong urge to sell your positions.

    IGNORE IT!!!

    You'll have an opportunity to short alt's during this period as bitcoin holders pour cash into them. And more so the ones we've picked. Remember the trick is coin accumulation.

    If (big IF) the US passes law not to tax bitcoin profits in the new-year, you're going to see its price make a $10k coin look like a penny stock.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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      Originally posted by scooterscot View Post
      Bitcoin correction is imminent, market over bought. You'll feel a strong urge to sell your positions.

      IGNORE IT!!!

      You'll have an opportunity to short alt's during this period as bitcoin holders pour cash into them. And more so the ones we've picked. Remember the trick is coin accumulation.

      If (big IF) the US passes law not to tax bitcoin profits in the new-year, you're going to see its price make a $10k coin look like a penny stock.
      Where are you hearing this scoot?

      Comment


        Originally posted by FrontEnder View Post
        Where are you hearing this scoot?
        PBC subscriber privileged info

        If it is passed, you're going to see hedge funds, pension funds, gold investors you name it, pour money into Bitcoin.
        "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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          any idea on which alts are likely to benefit from a BTC correction?
          Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.

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            Ctrl-Alt-Del...

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              So close to 10k.

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                Just sold pivx at 0.00064 Sats, bought at 0.00038! Touch me. Already put the order back in. If it is collect, then half as much coins again.

                Will be interesting to see how the market reacts to $10k
                "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                Comment


                  Originally posted by VirtualMonkey View Post
                  any idea on which alts are likely to benefit from a BTC correction?
                  In the last two bitcoin corrections every alt lost $ value. However some alts are as low as low things with low bits in terms of Satoshi's, if you're going to stay in crypto during the correction then stay in those. That includes Stellar. It's actually still low compared to it's all time high. Think Stellar might reach 0.07 before correcting.

                  As a hedge I put a 1/3 of my portfolio in $ last night.
                  "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                  Comment


                    Originally posted by scooterscot View Post
                    Just sold pivx at 0.00064 Sats, bought at 0.00038! Touch me. Already put the order back in. If it is collect, then half as much coins again. Will be interesting to see how the market reacts to $10k
                    Don't forget to pay CGT...

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                      Originally posted by AtW View Post
                      Don't forget to pay CGT...
                      is it investing or gambling?

                      (tongue is in cheek - but with that volatility I reckon it's the latter)
                      See You Next Tuesday

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