1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

mannyrs13

Compound Kingpin
Supporter
Joined
May 8, 2012
Messages
39,543
Reputation
15,701
Daps
87,562
Reppin
Focusville, USA
i see people talking about they buying in if btc gets real low but I'm wondering how many will be able to depending on how long it takes. taxes and interest rates and COL are all going up. People having to pay more to survive that I'm thinking most of the coins gonna be purchased by governments and countries and they gonna control the narrative. This isn't like the covid crash where inflation wasn't high plus there's no more stimulus going around now. They keep raising rates and people gotta use their money to survive and prolly not as many will have a decent amount to invest with. The whales gonna get richer.
 

5010

All Star
Joined
Jun 22, 2013
Messages
1,458
Reputation
350
Daps
3,763
So the consensus here, just to clarify, is to tough it out and stay focused on my gameplan? Because I'm tempted to pull all my money out, everything been bleeding for weeks...

Just looking for reassurance from more experienced investors. I'm only 2+ years in my journey, so I wasn't around last time shyt bled like this. For the record I have BTC, ETH, LINK, CRO, and MATIC in my portfolio...

My 401k bleeding like a bytch too. It feels like most if yall saying to just rude it out and stay focused, right?

If anything, you should be buying to lower your averages. This is nothing. Every cycle has 50% drawdowns. Every cycle has a painful crypto winter. I was stacking $8k Bitcoin for 2 long ass years.

The market will eventually recover, but nobody knows when. There's too much macro bullshyt going on in the world. The most realistic TA I can give you is that the charts are going to move to the right.

Not going to give you specific advice on your portfolio because I either don't follow those alts or already personally exited my positions over the last year on most of them.

But historically, I've always done better just taking my L when I was in the red, or rolling my profits into Bitcoin. Even in bear markets. (To date, Ethereum is the only token that's improved its BTC ratio)

Do some research on what you're holding. Maybe ask yourself do you see this token as a 10 year hold? That's exactly 3 halvings from now when most of the top 50 tokens will be vaporware. Figure out how much conviction you still have in your portfolio and either gradually buy more, or convert to the king and chill.
 

mannyrs13

Compound Kingpin
Supporter
Joined
May 8, 2012
Messages
39,543
Reputation
15,701
Daps
87,562
Reppin
Focusville, USA
Luna at this price? What is the consensus?

I've gambled and lost more money on meme coins than this. Threw down like $88 just earlier and grabbed like 109k. Was going for 100k but guess it dipped as the transaction went thru. Might do something, might not. But at least its not like all the bs I have grabbed in the past that I no longer have or is worth mere dollars now. Spending 100, 150, 200 bucks on random meme coins cuz the market was good and it was nothing to me back then that haven't accomplished much except for a few of them and those are down too but with at least some potential unlike others that were rug pulls or just not to be taken seriously. So a small amount into Luna won't hurt.
 

(ALi)

...
Joined
Jun 1, 2012
Messages
2,946
Reputation
180
Daps
3,834
Reppin
NULL
I've gambled and lost more money on meme coins than this. Threw down like $88 just earlier and grabbed like 109k. Was going for 100k but guess it dipped as the transaction went thru. Might do something, might not. But at least its not like all the bs I have grabbed in the past that I no longer have or is worth mere dollars now. Spending 100, 150, 200 bucks on random meme coins cuz the market was good and it was nothing to me back then that haven't accomplished much except for a few of them and those are down too but with at least some potential unlike others that were rug pulls or just not to be taken seriously. So a small amount into Luna won't hurt.
I'm going to throw some in, I do believe it's a dead coin now.
109k of Luna with 80.00 is that a typo?
 

mannyrs13

Compound Kingpin
Supporter
Joined
May 8, 2012
Messages
39,543
Reputation
15,701
Daps
87,562
Reppin
Focusville, USA
Would've been nice to close over 29k but came a bit short. Still managed to bounce back from a low of 25.3k. Was a 3600 recovery. Gotta aim for 29.5k to end Friday.
 

mannyrs13

Compound Kingpin
Supporter
Joined
May 8, 2012
Messages
39,543
Reputation
15,701
Daps
87,562
Reppin
Focusville, USA
I might be crazy but I say the month closes above 40k. :manny: I'm speaking it into existence. Don't know what the praying child smiley is called or whatever the hell that is but insert that. :russ: stupid lack of javascript. :mjcry:
 
Top