Cryptocurrency

[northernladuk]

At the golden ratio, whenever that time is, nobody knows.

You'll claim you do a few times before it does happen I'm sure.

[Jog On]

My portfolio's gone Radio Rental - £ value way up, BTC value decreasing... Is this because alts aren't pumping at the same rate as BTC?

[scooterscot]

yes

[BrilloPad]

Bitcoin price surges $1,000 in just a few hours as incredible recovery continues | The Independent

[scooterscot]

Market capital approaching strong resistance levels. Last time it hit this level it got blasted down to $110b. Be careful.

[stonehenge]

If/when you get a chance to get back in, it's worth considering buy & hold. It's a lot less stressful than trying to second guess market moves, and it's a strategy that is very hard to beat.

Another option is volatility harvesting. Start with 50% cash and 50% BTC, and rebalance whenever the ratio gets out of whack. This guarantees that you will always be doing a bit of buying low and a bit of selling high.

Should work quite well with BTC because it's as volatile as hell.

Volatility Harvesting and the Importance Of Rebalancing - GestaltU

[scooterscot]

A friend wanted a taste of all this action I was seeing in 2017. He is livid at the minute. Delays and delays buying in and finally gets int around $3.5k (great buy) and sells at $4.2k and now is now fuming.

Mark my words, 95% of people will not make money from crypto investment because they cannot hold for toffee. As Buffet once said, the Stock market is a means of transferring wealth from the impatient to the patient, crypto is no different.

[Jog On]

A friend wanted a taste of all this action I was seeing in 2017. He is livid at the minute. Delays and delays buying in and finally gets int around $3.5k (great buy) and sells at $4.2k and now is now fuming.

Mark my words, 95% of people will not make money from crypto investment because they cannot hold for toffee. As Buffet once said, the Stock market is a means of transferring wealth from the impatient to the patient, crypto is no different.

I've been holding for over a year. Problem I have now is paying attention to which alts will make it and which won't and all the P&D stuff if we start seeing that again.

[scooterscot]

Am leaning towards a strategy where a chunk of me cash is only in 10 alts. So those are the ones I watch the most, less stressful. And the rest speculative I don't even bother watching, will look them up in a few years.

[TheGreenBastard]

A friend wanted a taste of all this action I was seeing in 2017. He is livid at the minute. Delays and delays buying in and finally gets int around $3.5k (great buy) and sells at $4.2k and now is now fuming.

Mark my words, 95% of people will not make money from crypto investment because they cannot hold for toffee. As Buffet once said, the Stock market is a means of transferring wealth from the impatient to the patient, crypto is no different.

Yet you attempt to time the market. Bizarre.