Quote from: NotATether on Today at 05:18:35 AM

Quote from: romeareo on November 17, 2021, 01:24:27 AM

I am not super happy though. If the bull run starts in the next few weeks and then extends over to the next 2 quarters and BTC reaches an ATH of around $200k to $250k per coin, I won't be able to forgive myself.

We don't know what the future entails, but I'm pretty sure everyone here knows that BTC will not break it's $67K all-time-high in the next few weeks.

It's even doubtful whether it will manage over $40K by then.

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At the same time if I ride the wave all the way up and all the way down and lose 90% of the value in the bag, I won't be able to deal with that at all.

That may happen with other cryptos but not the well-established ones (i.e. BTC, ETH, etc.)

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I just want the bear market to be here as soon as possible so I can buy lot of cheap BTC coins and then forget about everything for the next 3 years. 2025 will be my second and final Bull slaughter.

The bear market has already been here since about 4 weeks ago and it doesn't look like it'll be over for another 4 weeks.

Note that there may be one or two more bear markets like this before the next halving.

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From the exact date of halvening I will convert my BTC into Altcoins and invest in every new coins that gets listed in Binance that year and other famous exchanges. I will also reserve 10% of the crypto for the fad of the summer i.e Similar to Defi, NFT, ICOs.

Don't do any of that, it's a very quick way to lose your 10% allocation you set aside for that.

If you want to invest in altcoins, you only invest in ETH. Why? Because it has consistently held No. 2 market cap for several years in a row. 3rd place is always being overtaken by the "new fad of the day" coin that then drops to 10th or 20th place a few months later along with a corresponding (major) drop in price.

Why did I say ETH? Because if its current price is at $2000-something, then when the halving brings BTC into 6 digits, people will buy up ETH and bring it to 5 digits around that time as well (think $10000 or $12000). That's a 5x - 6x return.

And please, stay away from trading NFTs, ICOs, and DeFis. There are even less signals for the price movements of these assets and in most cases you might very well end up with an empty bag.

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Some times I feel.. why should I do this? If I play my cards right.. I might 10x during this bull run and turn $650k into $7 M .. this way I can end the whole thing in the next 4 to 6 months. $7 Million is a lot of money.
But my gut tells me I can only 2x or 3x atmost and while 3xing my NW, I will slip into the bear territory and lose 90% of everything I have.

Listen to your gut (your gut is always right).

I made the first post last year November 2021 and not recently.

You are on target with Ethereum comment. I should just stick to BTC/ETH and exit on good terms. No point in gambling on risky stuff.. but it will be boring though. That's why I will only gamble a small amount. I will likely just cash out in the beginning stages of 2025 bull run and exit crypto completely.