1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
Only made 200 in crypto or ira?Are y’all still putting money in your IRA or going all in on crypto? I put in $4700 since May and only made $200.
heisenburrr
Have Fun Staying Poor
Buy harder guys. Need to hit that TP
TP hit. Thanks for the money.
The way I see we could get a FOMO run up to 50k soon then solid 30% shot down 30-35k levels. Then up again. Basically don't wait for pullbacks.
I don't know if we ever see BTC below 30k again. Maybe another test of 28k.
Brolic
High Value Poster
200 in my IRA. I put in $2100 in eth and made $1790 so far. At this point It makes more sense to invest in crypto and out some of the earnings toward retirement.
the bossman
Superstar
Stop trying to apply things that happened in 2017 to this years market. Completely different. Don't expect some wild drop to 10k
Don't know what you were investing in but you need to switch it up. And yeah crypto hot right now but who knows for how long. Not a bad choice tho.
Reality
Make your own luck.
Aight so I’m up to $41K worth of BTC ($29K cost basis before it’s asked) and figure I should start thinking about security and a physical wallet instead of having it on Coinbase. Anyone know of a good resource to get started?
@heisenburrr Bull case and bear case for diversifying into ETH?
@heisenburrr Bull case and bear case for diversifying into ETH?
heisenburrr
Have Fun Staying Poor
Bull: Retail gonna eat it up on the way up because they think it's cheaper than BTC.
Bear: Retail has a lot less money than the torrent of institutional capital looking at BTC right now. They are not likely to be too interested in ETH because their investments are economic hedging plays and they don't care so much about the tech which is the only thing ETH has going for it. Other potential black swan events involving ETH are regulatory trouble because of ICO and DeFi field. Potential tech breakdown and trouble with transition to "ETH2" and PoS.
Overall I don't expect ETH to overperform BTC on the same magnitude as it did in 2017 so even if it does by a slight margin, the risks aren't worth the returns IMHO.
Reality
Make your own luck.
Thanks. Yeah I haven’t been able to develop nearly as strong a thesis to justify a 5 figure position in ETH. Feels way more speculative vs. BTC at this point.
Pretty much
dterpsss
SOHH OG Class 2004
I’m up $25k last 1.5 days, this is madness.
heisenburrr
Have Fun Staying Poor
Both are extremely speculative, BTC just has a better narrative going for it right now than ETH.
BTC is, at minimum, an uncorrelated commodity/asset, like gold. This has order of magnitude larger market than typical tech plays. Think gold $10T market cap vs. Apple $2T.
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