Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I love waking up to a new ATH, these super pump years every four years gives me such a rush.
Too bad the coming year, with it's year long dump, will do the opposite, or will it?
I will try to sell the top-ish and park the money in stocks for the coming bear year, let's see if that can't give some kind of similar feeling, at least it will hopefully lessen the "down" feeling (if I pick the right stocks).
I'm thinking something stable and somewhat boring, like Ericson.
Don't worry, it's only for a year, then I'll be all in on bitcoin again, just parking my money to save it from the bear year.
Too bad the coming year, with it's year long dump, will do the opposite, or will it?
I will try to sell the top-ish and park the money in stocks for the coming bear year, let's see if that can't give some kind of similar feeling, at least it will hopefully lessen the "down" feeling (if I pick the right stocks).
I'm thinking something stable and somewhat boring, like Ericson.
Don't worry, it's only for a year, then I'll be all in on bitcoin again, just parking my money to save it from the bear year.
Sounds risky to me.
Nah, even if the stonks should dump they probably won't dump as much as bitcoin traditionally does during the bear year.
You might be right. In that scenario however I think it will be alts that would face the biggest exists.
I mean, the Dogecoin rallies. Really?
Because it is well backed by hard iron = ie lots of asics.
If you believe in satoshi that pow and decentralized structure is good (ie BTC) than the step to have some belief for LTC/Doge merge mined coins does exist.
Basically almost no coins other than BTC make sense but LTC/Doge do if you believe that pow and decentralized structure works.
I did not bring up the subject of an alt coin you did.
I was asked not to talk about alts in this thread a while back. So I simply ask you to do the same.
BTW I cash in Doge yesterday and today. I convert them into LTC. I then sold some of the LTC in fiat and the rest into you guess it BTC.
Please do me a favor and do not talk about DOGE or LTC.
If you mine Doge/LTC like I do it is a way to get discounted BTC that is why DOGE rallies.
Here is the math. 20x L3+ miners earn 61 usd a day in ltc and now 39 usd a day in Doge that is 100 usd a day.
they burn 336 kwatts to do it. so at 10 cent power 100-33.6 = 66.4 profit.
or I pay 33.6 cent on the dollar for that coin which I change into BTC
That means I buy btc at 21504 a coin. With 10 cent power
And I buy Btc at 10752 with 5 cent power.
That is why Doge rallies along with LTC
I will make you a deal and not defend doge it you do not talk about it here.
This is not about ego bro it is simply why DOGE whales along with LTC.