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Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Update:
today is October 2nd, 2024.
Bitcoin Price is $62,101
Ethereum Price is $2,464.91
Most of my holdings are in Ethereum and some in a couple of random unknown altcoins which stayed low and did not pump, but I expect them to pump in a bull run.
Now, I fully expect Ethereum to reach at-least $10k by 2025 November/December which is a solid 4x from now which actually should be enough for me to exit the game permanently.
Or, I can convert 100% of Ethereum to Alts right now and there is greater chance of me getting the 4x by next year Feb/March.. or even 10x - 20x by next November/December.
But, of-course there is risk. Ethereum is as stable as it can be in terms of security no rug pulls no exploits etc. With alts all bets are off. You can never 100% be sure if you are going to be safe.
Another play is to wait for Ethereum to rise up to $4000 in a couple of months.. by Dec 2024 or Jan 2025 and normally all the alts should still stay at the same levels.. and then switch from Ethereum to Alts.
Yesterday, there was war and it impacted all the prices.
For alts, I am looking for
1. Good Tokenomics (first pref) or Token Unlocking which makes sense. (second pref)
2. New Narrative for this cycle.
3. The admins/leaders etc has a good understanding of marketing and how it works. i.e If price discussion is not allowed in their telegram channels then they don't understand marketing and the coin is not likely to go up as much as it could. If the admins delete replies or keep a timer etc. I would avoid that coin.
So a few of the new narratives are:
1. AI Narrative.
2. Telegram Games.
3. Solana Memecoins ( I don't really like meme coins)
For me safety is more important than taking too much risk. So, I won't invest in any coin which has less than 50m ~ 100m marketcap. Even coins above this range are not risk free.
I have to do more research on AI Narrative.
Telegram Games --> Hamster Kombat is fine.. it is right now at $300m that too because of the war. I doubt it would go below $300m. In a proper bull it could easily go to $10B MarketCap easy. Thats a solid 33x from now. I have to also look into the coin that is similar to Hamster Kombat but isn't as big so the jump in gains will be higher.
Go to go.. will continue this post later today..
There is also a chance I would lose everything investing in things that get rug pulled so I will have to diversify into multiple coins and multiple narratives. But I will not go beyond 10 coins.
Lets see how things play out. My innate tendency is to focus on just one or two.. but I have to not do that.. as that could torpedo everything.
today is October 2nd, 2024.
Bitcoin Price is $62,101
Ethereum Price is $2,464.91
Most of my holdings are in Ethereum and some in a couple of random unknown altcoins which stayed low and did not pump, but I expect them to pump in a bull run.
Now, I fully expect Ethereum to reach at-least $10k by 2025 November/December which is a solid 4x from now which actually should be enough for me to exit the game permanently.
Or, I can convert 100% of Ethereum to Alts right now and there is greater chance of me getting the 4x by next year Feb/March.. or even 10x - 20x by next November/December.
But, of-course there is risk. Ethereum is as stable as it can be in terms of security no rug pulls no exploits etc. With alts all bets are off. You can never 100% be sure if you are going to be safe.
Another play is to wait for Ethereum to rise up to $4000 in a couple of months.. by Dec 2024 or Jan 2025 and normally all the alts should still stay at the same levels.. and then switch from Ethereum to Alts.
Yesterday, there was war and it impacted all the prices.
For alts, I am looking for
1. Good Tokenomics (first pref) or Token Unlocking which makes sense. (second pref)
2. New Narrative for this cycle.
3. The admins/leaders etc has a good understanding of marketing and how it works. i.e If price discussion is not allowed in their telegram channels then they don't understand marketing and the coin is not likely to go up as much as it could. If the admins delete replies or keep a timer etc. I would avoid that coin.
So a few of the new narratives are:
1. AI Narrative.
2. Telegram Games.
3. Solana Memecoins ( I don't really like meme coins)
For me safety is more important than taking too much risk. So, I won't invest in any coin which has less than 50m ~ 100m marketcap. Even coins above this range are not risk free.
I have to do more research on AI Narrative.
Telegram Games --> Hamster Kombat is fine.. it is right now at $300m that too because of the war. I doubt it would go below $300m. In a proper bull it could easily go to $10B MarketCap easy. Thats a solid 33x from now. I have to also look into the coin that is similar to Hamster Kombat but isn't as big so the jump in gains will be higher.
Go to go.. will continue this post later today..
There is also a chance I would lose everything investing in things that get rug pulled so I will have to diversify into multiple coins and multiple narratives. But I will not go beyond 10 coins.
Lets see how things play out. My innate tendency is to focus on just one or two.. but I have to not do that.. as that could torpedo everything.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Quote from: romeareo
AFter that I will wait for bitcoin to crash to $20k and then will get back into it..
or I can wait for Bitcoin to Ethereum price ratio to a higher level and then maybe I will switch to ethereum..
not sure what next to do..
but I will definitely make a decision in the next 30 days.
or I can wait for Bitcoin to Ethereum price ratio to a higher level and then maybe I will switch to ethereum..
not sure what next to do..
but I will definitely make a decision in the next 30 days.
I don't think, the price of Bitcoin will decrease to $20,000 again, because the price of Bitcoin has hit new ATH this year which will be the reason the price will not be lower than $40,000 before the price will start increasing, and if you have it in mind to purchase Bitcoin in this season, once the price decrease to $42,000 or $40,000, I will advice you to purchase Bitcoin and hold for bullish season to appear. You think Ethereum will give you the huge amount of income your made from Bitcoin investment last month, Because I know that Bitcoin will still help you to make double income when the price increases to $100,000, which is the target of many holders in this season. Try to make a good decision to avoid altcoins, because there are many opportunities in Bitcoin investment, if you can embrace long term investment.
You got the wrong date. That was from the year 2023 and month July 1st. 1 year back. Bitcoin crashed to $25k shortly after I posted the post. I did not sell at that time.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Update: Not doing nothing is working really well.
Today is Feb 20th 2024. Ethereum is $2925.22 right now.
Waiting for Ethereum to cross atleast $3500 in the short term.
This August~October I expect it to cross previous ATH easily and the next leg of the Bull run should start.
I am not looking to actively trade but maybe if Eth previous ATH crossed I might invest 10% in promising new coins.
Next Update will be around Oct/Dec of this year.. and one final update next year mid or late 2025.
Today is Feb 20th 2024. Ethereum is $2925.22 right now.
Waiting for Ethereum to cross atleast $3500 in the short term.
This August~October I expect it to cross previous ATH easily and the next leg of the Bull run should start.
I am not looking to actively trade but maybe if Eth previous ATH crossed I might invest 10% in promising new coins.
Next Update will be around Oct/Dec of this year.. and one final update next year mid or late 2025.
damn.. >> Waiting for Ethereum to cross atleast $3500 in the short term.
This is exactly what happened. I should have sold everything and waited for a crash to the current prices and rebuy. But I did not.
That's fine. Feeling a bit of regret. But that is fine.
I won't touch anything till October/December of this year like I already decided in the past..
Two more final updates. One this year end and then one next year mid or late 2025.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Update: Not doing nothing is working really well.
Today is Feb 20th 2024. Ethereum is $2925.22 right now.
Waiting for Ethereum to cross atleast $3500 in the short term.
This August~October I expect it to cross previous ATH easily and the next leg of the Bull run should start.
I am not looking to actively trade but maybe if Eth previous ATH crossed I might invest 10% in promising new coins.
Next Update will be around Oct/Dec of this year.. and one final update next year mid or late 2025.
Today is Feb 20th 2024. Ethereum is $2925.22 right now.
Waiting for Ethereum to cross atleast $3500 in the short term.
This August~October I expect it to cross previous ATH easily and the next leg of the Bull run should start.
I am not looking to actively trade but maybe if Eth previous ATH crossed I might invest 10% in promising new coins.
Next Update will be around Oct/Dec of this year.. and one final update next year mid or late 2025.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
⭐ Merited by OgNasty (1)
Made up my mind permanently. I won't trade anything anymore.
I will not sell Crypto when ETF news hits mainstream media.
I will stay put till the year 2025 and then will sell everything once coinbase becomes the most downloaded app in the app store + 9 days.
This is my pre-final update.
I will post one final time after 2 years.. around 2025 Nov/Dec
I will not sell Crypto when ETF news hits mainstream media.
I will stay put till the year 2025 and then will sell everything once coinbase becomes the most downloaded app in the app store + 9 days.
This is my pre-final update.
I will post one final time after 2 years.. around 2025 Nov/Dec
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
To summarize: Why did I buy back into Crypto now?
1. Everyone saying Crypto is dead.
2. This time institutions are getting involved and I believe things will be a bit different this time. These guys have unending supply of money and if they so choose they can just keep on buying etc.
this was too much of a risk as far as my personal situation is concerned.
3. I am checking the charts way too often to my liking. I just want to move on. I made the purchase now. I will convert everything into stable coins once I get 1.5x on Ethereum. Then wait for a correction and then buy back in. Or. I can invest a significant portion of it on new alts.
4. Google Trends for Ethereum is pretty low in the 5 year timeline.. it is at 5. (the search volume level).
tl;dr
I still have the upside so I went all in now instead of trying to time the absolute bottom on November 12th.
Right now.. as of Sept 24th 2023. Ethereum price is at $1594.
Next Stop: Feb 16th 2024.
I am going to delete all the apps on the phone. Will block all the crypto related websites and I will move on.
1. Everyone saying Crypto is dead.
2. This time institutions are getting involved and I believe things will be a bit different this time. These guys have unending supply of money and if they so choose they can just keep on buying etc.
this was too much of a risk as far as my personal situation is concerned.
3. I am checking the charts way too often to my liking. I just want to move on. I made the purchase now. I will convert everything into stable coins once I get 1.5x on Ethereum. Then wait for a correction and then buy back in. Or. I can invest a significant portion of it on new alts.
4. Google Trends for Ethereum is pretty low in the 5 year timeline.. it is at 5. (the search volume level).
tl;dr
I still have the upside so I went all in now instead of trying to time the absolute bottom on November 12th.
Right now.. as of Sept 24th 2023. Ethereum price is at $1594.
Next Stop: Feb 16th 2024.
I am going to delete all the apps on the phone. Will block all the crypto related websites and I will move on.
Update: Today is November 10th 2023. Looking back, I got lucky again with the timing! I got a good entry point back into Eth from stables.
Ethereum Price is currently at $2100 which is big jump. Originally, my plan was to get back into Crypto i.e from stables to Eth around this time. But I got in earlier because of reasons mentioned.
Now the question is this! Is this a Bull Trap? i.e Will there be a pull back?
The most rational thing to do is to do nothing. Just do nothing till the next peak in a proper bull market i.e in 2025.
i.e I have to wait for nearly 2 whole years i.e All of 2024 and Most of 2025.
Or, I can wait for the ETF announcement to be finalized within the next few weeks. Wait for the Market to pump even higher and then move to Stable coins.
After the correction I can get back into Crypto for even more gains.
Not sure what I will do. Doing Nothing is the best thing to do so I might do that.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
tldr;
I missed the boat in 2017 Bullrun and the subsequent crash taught me lessons that I will never forget and those lessons are deeply seared into my subconscious.
This bull run I accidentally made $650k and I likely invested around $15k here and there.
1. I am 100% sure I never want to be in a position where I have to explain to myself how I was $650k up and then squandered everything.
So, I cashed out with BTC at near ATH few days back.
I follow the simple Grandma/Shoe shine boy as a sell signal and that's what I did.
"Coinbase was also the most popular downloaded app in the United States in both 2017 and May 2021, as per Cointelegraph. Notably, both periods saw a significant cryptocurrency frenzy. The current surge in popularity of Coinbase and Crypto.com on the app correlates with euphoria in the cryptocurrency market as well."
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.
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.
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.
Right now 100% of the crypto I have is in stable coins.
My current strategy is to wait for the bear market to arrive.
The next Bitcoin halvening is early 2024. I want to start DCAing into BTC from 2023 October and slowly extend into ETH in 2024.
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.
This should net me 15x to 20x if I get lucky. So that's 15 x 650k = $10 Million and that should hopefully set me up for life.
The most rational course of action I can take now is just wait however long it takes for the bear market to arrive i.e gritting my teeth through the Bull run.
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.
The other thing is I want to create 50 different wallets and store $13k in them so I won't FOMO in and lose a lot impulsively. It will force me to DCA.
I might just lock up $600k in cold wallet and then play with $50k that way I won't feel left out of the action.
What do you guys think about my strategy?
There’s no safe strat when all you’re really doing is timing the market. Even experts would agree that they couldn’t predict what the market will look like let alone how much higher bitcoin will get during certain parts of its timeline during bullrun, It’s a little weird even to assume that such a strat exists.I missed the boat in 2017 Bullrun and the subsequent crash taught me lessons that I will never forget and those lessons are deeply seared into my subconscious.
This bull run I accidentally made $650k and I likely invested around $15k here and there.
1. I am 100% sure I never want to be in a position where I have to explain to myself how I was $650k up and then squandered everything.
So, I cashed out with BTC at near ATH few days back.
I follow the simple Grandma/Shoe shine boy as a sell signal and that's what I did.
"Coinbase was also the most popular downloaded app in the United States in both 2017 and May 2021, as per Cointelegraph. Notably, both periods saw a significant cryptocurrency frenzy. The current surge in popularity of Coinbase and Crypto.com on the app correlates with euphoria in the cryptocurrency market as well."
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.
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.
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.
Right now 100% of the crypto I have is in stable coins.
My current strategy is to wait for the bear market to arrive.
The next Bitcoin halvening is early 2024. I want to start DCAing into BTC from 2023 October and slowly extend into ETH in 2024.
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.
This should net me 15x to 20x if I get lucky. So that's 15 x 650k = $10 Million and that should hopefully set me up for life.
The most rational course of action I can take now is just wait however long it takes for the bear market to arrive i.e gritting my teeth through the Bull run.
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.
The other thing is I want to create 50 different wallets and store $13k in them so I won't FOMO in and lose a lot impulsively. It will force me to DCA.
I might just lock up $600k in cold wallet and then play with $50k that way I won't feel left out of the action.
What do you guys think about my strategy?
I say buy low sell high. DCA as much as you can and stock up on crypto and bitcoin as much as possible as early as you can. Worry about moving all your investments out when the dumping happens, until then, continue holding. That’s what worked for me thus far anyway.
Also use this forum as a treasure trove of information.
But, if you read all of my posts in this thread I was able to predict and time the market both the top and the bottom repeatedly. Again, and again.
i.e I sold at the top in November 2021. I bought BTC back at the bottom around $16k. I again sold BTC at the local top at around $29k a few months back.
Now, 2 days back I got back into crypto. Only the future will tell if me buying back in now is a good decision or not.
I have never DCAd. I go all in buying or selling.. usually over 1 day or 2 days max. This is what worked for me so far.
This is the forum I use to get a feel for the market sentiment. I make decisions based on that as well.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
tl;dr
I still have the upside so I went all in now instead of trying to time the absolute bottom on November 12th.
Right now.. as of Sept 24th 2023. Ethereum price is at $1594.
Next Stop: Feb 16th 2024.
I am going to delete all the apps on the phone. Will block all the crypto related websites and I will move on.
Totally really that hard when you do try to isolate yourself or keeping away on crypto market but this is your choice though and i could say that this is really requiring that I still have the upside so I went all in now instead of trying to time the absolute bottom on November 12th.
Right now.. as of Sept 24th 2023. Ethereum price is at $1594.
Next Stop: Feb 16th 2024.
I am going to delete all the apps on the phone. Will block all the crypto related websites and I will move on.
kind of extreme control and discipline which you would really be needing to be followed because you are really that following something. So seeing on the things you've been doing here
then it do really shows that there are some alterations of your focus on which you diverted out from Bitcoin to ETH. On what reason on why you did such thing?
Are those dump dates are just the same on what Bitcoin could possibly do? Yes, there's no need to be perfect but we know that we are trying to be done but since market is unpredictable
then there's no way on knowing on what would be the numbers.
It is really just really that good to look and read into those people who had made out their investment decisions wayback on a couple of years and tending to comeback on the time
that a various or certain date would approach on, only a few could be able to do such feat.
You are right. It is tough to stick to the plan made 2 years back. Mostly because of emotions. I am trying my best.
I chose Ethereum instead of Bitcoin because Ethereum will have more gains than BTC in the short term.
I have to isolate myself because constantly reading up on crypto is bad for health.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
tldr;
I missed the boat in 2017 Bullrun and the subsequent crash taught me lessons that I will never forget and those lessons are deeply seared into my subconscious.
This bull run I accidentally made $650k and I likely invested around $15k here and there.
1. I am 100% sure I never want to be in a position where I have to explain to myself how I was $650k up and then squandered everything.
So, I cashed out with BTC at near ATH few days back.
I follow the simple Grandma/Shoe shine boy as a sell signal and that's what I did.
"Coinbase was also the most popular downloaded app in the United States in both 2017 and May 2021, as per Cointelegraph. Notably, both periods saw a significant cryptocurrency frenzy. The current surge in popularity of Coinbase and Crypto.com on the app correlates with euphoria in the cryptocurrency market as well."
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.
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.
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.
Right now 100% of the crypto I have is in stable coins.
My current strategy is to wait for the bear market to arrive.
The next Bitcoin halvening is early 2024. I want to start DCAing into BTC from 2023 October and slowly extend into ETH in 2024.
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.
This should net me 15x to 20x if I get lucky. So that's 15 x 650k = $10 Million and that should hopefully set me up for life.
The most rational course of action I can take now is just wait however long it takes for the bear market to arrive i.e gritting my teeth through the Bull run.
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.
The other thing is I want to create 50 different wallets and store $13k in them so I won't FOMO in and lose a lot impulsively. It will force me to DCA.
I might just lock up $600k in cold wallet and then play with $50k that way I won't feel left out of the action.
What do you guys think about my strategy?
I missed the boat in 2017 Bullrun and the subsequent crash taught me lessons that I will never forget and those lessons are deeply seared into my subconscious.
This bull run I accidentally made $650k and I likely invested around $15k here and there.
1. I am 100% sure I never want to be in a position where I have to explain to myself how I was $650k up and then squandered everything.
So, I cashed out with BTC at near ATH few days back.
I follow the simple Grandma/Shoe shine boy as a sell signal and that's what I did.
"Coinbase was also the most popular downloaded app in the United States in both 2017 and May 2021, as per Cointelegraph. Notably, both periods saw a significant cryptocurrency frenzy. The current surge in popularity of Coinbase and Crypto.com on the app correlates with euphoria in the cryptocurrency market as well."
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.
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.
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.
Right now 100% of the crypto I have is in stable coins.
My current strategy is to wait for the bear market to arrive.
The next Bitcoin halvening is early 2024. I want to start DCAing into BTC from 2023 October and slowly extend into ETH in 2024.
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.
This should net me 15x to 20x if I get lucky. So that's 15 x 650k = $10 Million and that should hopefully set me up for life.
The most rational course of action I can take now is just wait however long it takes for the bear market to arrive i.e gritting my teeth through the Bull run.
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.
The other thing is I want to create 50 different wallets and store $13k in them so I won't FOMO in and lose a lot impulsively. It will force me to DCA.
I might just lock up $600k in cold wallet and then play with $50k that way I won't feel left out of the action.
What do you guys think about my strategy?
I suppose that stablecoins are not a good option, since the main objective of crypto hodling is to save money in case of dollar and other fiats inflation, while the value of stablecoins corresponds with the value of their fiat counterparts. The BTC price rise can occur not only due to BTC becoming more expensive, but also due to fiats becoming cheaper. Holding stablecoins is just like holding fiat money (and even worse, since they are more secure in non-crypto form). So, I think its better to buy crypto now, instead of waiting for market to become bearish. As for hodling... In general, hodling is a good strategy in cryptoinvestment (I'd rather not call hodling an investment, it's just a purchase). I thnk that its a good idea to hodl BTC..
You are replying to a post made in 2021 November!
Update: I went all in on Ethereum couple of days back. Around September 22nd.
Note: My original plan was to wait till atleast Oct ending i.e around 23rd and DCA till November 12th. I still think going all in on November 12th or even any day between Oct 23rd - Nov 12th is ideal.
But, my situation is such that .. it makes no sense for me to time the absolute bottom.. it is just stupid ego play. Just not worth the risk for me.
Even from today's prices.. I still expect to easily 6x. That is still good enough for me!
The other mistake I made was to go to all in on Ethereum. A better approach would have been to go back into Bitcoin.. and wait for the mini rally.. and then convert to Ethereum..
but its fine. I don't need to be perfect.
Next Play.. I expect Ethereum to go down to $1400 or even $1200 by November 12th.. and then rally up to around $2400 by next around Feb 16th 2024. easy 1.5x from the current prices.
To summarize: Why did I buy back into Crypto now?
1. Everyone saying Crypto is dead.
2. This time institutions are getting involved and I believe things will be a bit different this time. These guys have unending supply of money and if they so choose they can just keep on buying etc.
this was too much of a risk as far as my personal situation is concerned.
3. I am checking the charts way too often to my liking. I just want to move on. I made the purchase now. I will convert everything into stable coins once I get 1.5x on Ethereum. Then wait for a correction and then buy back in. Or. I can invest a significant portion of it on new alts.
4. Google Trends for Ethereum is pretty low in the 5 year timeline.. it is at 5. (the search volume level).
tl;dr
I still have the upside so I went all in now instead of trying to time the absolute bottom on November 12th.
Right now.. as of Sept 24th 2023. Ethereum price is at $1594.
Next Stop: Feb 16th 2024.
I am going to delete all the apps on the phone. Will block all the crypto related websites and I will move on.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Update:
Today is August 18th!
Bitcoin Price has crashed just like I expected it to! It is now @ $26,049.25
I cashed out to USDC before the crash.
I am going to get back into Crypto in around October 23rd.. I am hoping that BTC crash to around at $22k ~ $24k or even lower than that!
My goal is to cross a N.W of $4M ~ $6M at the minimum. I want to sell at the peak in the next bull run around 2025 May
Its hard watching the charts everyday.. I will try my best to not check till Oct 23rd.
Around October 23rd.. I will invest 90% in BTC and 10% in 4 to 5 Alts that could potentially 10x to 100x in 2025.
Today is August 18th!
Bitcoin Price has crashed just like I expected it to! It is now @ $26,049.25
I cashed out to USDC before the crash.
I am going to get back into Crypto in around October 23rd.. I am hoping that BTC crash to around at $22k ~ $24k or even lower than that!
My goal is to cross a N.W of $4M ~ $6M at the minimum. I want to sell at the peak in the next bull run around 2025 May
Its hard watching the charts everyday.. I will try my best to not check till Oct 23rd.
Around October 23rd.. I will invest 90% in BTC and 10% in 4 to 5 Alts that could potentially 10x to 100x in 2025.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Today is Sunday, August 6th 2023.
The Bitcoin Price is $29,048.95
I sold my entire stack of Bitcoins. I already liquidated my one and only alt rCC Moons.
I have 0 Bitcoins now. Sold everything at around $29k roughly.
I am 100% in stable coins now.
What is my next plan?
I am hoping the market would crash over the next 7 to 8 months. And some time before the halving I should be able get back into the game at a discounted price.
My original plan was to convert to Ethereum as it will have higher gains than Bitcoin.
But I could just get back into Bitcoin and hopefully BTC will go down to $22k or so. Then my BTC stack will increase in size. Sticking to Bitcoin means less risk. With Ethereum, they are constantly making major changes and you can't bet on it confidently.
Alternatively, I could wait till December of this year or Jan or Feb and choose 10 to 20 alts that are kind of brand new and put 20% in it.
The Bitcoin Price is $29,048.95
I sold my entire stack of Bitcoins. I already liquidated my one and only alt rCC Moons.
I have 0 Bitcoins now. Sold everything at around $29k roughly.
I am 100% in stable coins now.
What is my next plan?
I am hoping the market would crash over the next 7 to 8 months. And some time before the halving I should be able get back into the game at a discounted price.
My original plan was to convert to Ethereum as it will have higher gains than Bitcoin.
But I could just get back into Bitcoin and hopefully BTC will go down to $22k or so. Then my BTC stack will increase in size. Sticking to Bitcoin means less risk. With Ethereum, they are constantly making major changes and you can't bet on it confidently.
Alternatively, I could wait till December of this year or Jan or Feb and choose 10 to 20 alts that are kind of brand new and put 20% in it.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Last and Final Update for 2022/2023:
Today is November 23rd, 2022
I converted my wrapped bitcoins to proper bitcoins and put it in cold storage. I have my make it stack right now. This is almost 85% of my portfolio.
15% of the remaining stash I am gambling on a low marketcap coin. rCC Moons. Not sure if this is a good idea. Not sure if this gamble will pay off.
I am done with crypto. No more trading for this year and the next.
I will become active again in the year 2024 2 months before the halving. Might make a few trades then (less than 4 per year).
Will finally quit crypto permanently by selling at the top in 2025 if there is a bull run again.
Today is November 23rd, 2022
I converted my wrapped bitcoins to proper bitcoins and put it in cold storage. I have my make it stack right now. This is almost 85% of my portfolio.
15% of the remaining stash I am gambling on a low marketcap coin. rCC Moons. Not sure if this is a good idea. Not sure if this gamble will pay off.
I am done with crypto. No more trading for this year and the next.
I will become active again in the year 2024 2 months before the halving. Might make a few trades then (less than 4 per year).
Will finally quit crypto permanently by selling at the top in 2025 if there is a bull run again.
15% of the remaining stash I am gambling on a low marketcap coin. rCC Moons. Not sure if this is a good idea. Not sure if this gamble will pay off.
The gamble paid off really well!
rCC Moons went 400% up in profit! I sold all my reddit moons to USDC. Today is July 26th. Bitcoin is $29194.
I am not going to sell Bitcoin like I thought earlier.. I will keep HODLING it. If it crashes.. I will convert the USDC to even more BTC.
I am also waiting for Bitcoin Ethereum Ratio to cross 30. Then I will convert BTC to Ethereum..
For now.. I will not trade anything.. I will wait till 3 months before halving before deciding on any major trade. i.e Feb 2024
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Today is July 1st.
Bitcoin Price is $30,588.18
I still havent' sold anything yet..
I really want to sell all of my bitcoin once the price reaches $45K. But I am not sure it will reach that yet..
I will check again on July 15th. I am hoping Bitcoin will reach atleast $40k within the next 30 days.. then I will sell everything..
AFter that I will wait for bitcoin to crash to $20k and then will get back into it..
or I can wait for Bitcoin to Ethereum price ratio to a higher level and then maybe I will switch to ethereum..
not sure what next to do..
but I will definitely make a decision in the next 30 days.
Bitcoin Price is $30,588.18
I still havent' sold anything yet..
I really want to sell all of my bitcoin once the price reaches $45K. But I am not sure it will reach that yet..
I will check again on July 15th. I am hoping Bitcoin will reach atleast $40k within the next 30 days.. then I will sell everything..
AFter that I will wait for bitcoin to crash to $20k and then will get back into it..
or I can wait for Bitcoin to Ethereum price ratio to a higher level and then maybe I will switch to ethereum..
not sure what next to do..
but I will definitely make a decision in the next 30 days.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Update:
today is June 5th, 2023:
The price of bitcoin is around $25,669.25 as of now.
Decision Time:
I made decent gains timing the bottom at around $16.8k and now it is $26k
I was hoping BTC would reach around $35k ~ $45k at-least by now.. but it looks like $30k was a pretty good reach.
Now, I can sell everything at $26k and then hop back in the game after around 9 months.. i.e around Feb 15th 2024 but atleast a month before the next halving which is around April 24th 2024.
Or, I can leave everything untouched and let it go.. BTC will go back to $17k ~ $20k and eventually will go past $65k at some point in 2024. So, in the long run this is less risky.
Or, I can sell everything now.. buy back in once BTC goes below $20k and then wait one final time for 2025..
Not sure what I will do.. thinking and thinking..
today is June 5th, 2023:
The price of bitcoin is around $25,669.25 as of now.
Decision Time:
I made decent gains timing the bottom at around $16.8k and now it is $26k
I was hoping BTC would reach around $35k ~ $45k at-least by now.. but it looks like $30k was a pretty good reach.
Now, I can sell everything at $26k and then hop back in the game after around 9 months.. i.e around Feb 15th 2024 but atleast a month before the next halving which is around April 24th 2024.
Or, I can leave everything untouched and let it go.. BTC will go back to $17k ~ $20k and eventually will go past $65k at some point in 2024. So, in the long run this is less risky.
Or, I can sell everything now.. buy back in once BTC goes below $20k and then wait one final time for 2025..
Not sure what I will do.. thinking and thinking..
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Update:
--------
Today is April 16th, 2023. Bitcoin price is around $30k
Crypto Fear and Greed Index:
--------------------------------------------
Now ====> Greed ====> 69
Yesterday ====> Greed ====> 68
Last week ====> Greed ====> 62
Last month ====> Greed ====> 64
On track for $45k Bitcoin around June 10th..
I need to decide if I want to sell all of my crypto by June of this year and then get back into the Crypto game 9 months later i.e a few months before the next halving.
Or I can just HODL and sell everything around 2025 May.
I think BTC will cross $45k this year and then it will collapse slowly to $30k for a year or so before shooting up again for the final bull run.
Will update again around June of this year. i.e 2 months from now.
--------
Today is April 16th, 2023. Bitcoin price is around $30k
Crypto Fear and Greed Index:
--------------------------------------------
Now ====> Greed ====> 69
Yesterday ====> Greed ====> 68
Last week ====> Greed ====> 62
Last month ====> Greed ====> 64
On track for $45k Bitcoin around June 10th..
I need to decide if I want to sell all of my crypto by June of this year and then get back into the Crypto game 9 months later i.e a few months before the next halving.
Or I can just HODL and sell everything around 2025 May.
I think BTC will cross $45k this year and then it will collapse slowly to $30k for a year or so before shooting up again for the final bull run.
Will update again around June of this year. i.e 2 months from now.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Looks like I got lucky again and timed the bottom to perfection at around $16.8k
Now, I have two choices.
Wait for the next bull run and sell it at the likely top just like how I did previously.
Or Sell BTC once it crosses $45k to $50k in 2023.
And then buy back in after 8 to 9 months at around $30k. This option is super tricky to pull off.
If I sell everything at $45k to $50k the other option is to branch out into alts around halving which is also super risky.
The most rational thing and the correct thing to do is to HODL till the next bull run and then sell it. But this approach is boring and not exciting.
And yet I need to do the boring thing so I can exit from crypto with decent profits in 2025.
The next date to watch out for is June 10th 2023. Bitcoin will likely cross over $40k by then easily.
And then I have to decide if I should sell or not. The rational choice is to not sell but to HODL till 2025.
Now, I have two choices.
Wait for the next bull run and sell it at the likely top just like how I did previously.
Or Sell BTC once it crosses $45k to $50k in 2023.
And then buy back in after 8 to 9 months at around $30k. This option is super tricky to pull off.
If I sell everything at $45k to $50k the other option is to branch out into alts around halving which is also super risky.
The most rational thing and the correct thing to do is to HODL till the next bull run and then sell it. But this approach is boring and not exciting.
And yet I need to do the boring thing so I can exit from crypto with decent profits in 2025.
The next date to watch out for is June 10th 2023. Bitcoin will likely cross over $40k by then easily.
And then I have to decide if I should sell or not. The rational choice is to not sell but to HODL till 2025.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Last and Final Update for 2022/2023:
Today is November 23rd, 2022
I converted my wrapped bitcoins to proper bitcoins and put it in cold storage. I have my make it stack right now. This is almost 85% of my portfolio.
15% of the remaining stash I am gambling on a low marketcap coin. rCC Moons. Not sure if this is a good idea. Not sure if this gamble will pay off.
I am done with crypto. No more trading for this year and the next.
I will become active again in the year 2024 2 months before the halving. Might make a few trades then (less than 4 per year).
Will finally quit crypto permanently by selling at the top in 2025 if there is a bull run again.
Today is November 23rd, 2022
I converted my wrapped bitcoins to proper bitcoins and put it in cold storage. I have my make it stack right now. This is almost 85% of my portfolio.
15% of the remaining stash I am gambling on a low marketcap coin. rCC Moons. Not sure if this is a good idea. Not sure if this gamble will pay off.
I am done with crypto. No more trading for this year and the next.
I will become active again in the year 2024 2 months before the halving. Might make a few trades then (less than 4 per year).
Will finally quit crypto permanently by selling at the top in 2025 if there is a bull run again.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Update:
Today is November 12th. 2022.
Yesterday, I bought some Bitcoins. I wanted to buy a few every single day for a week or so.
Today, I just went all in and converted 90% of my stable coins into Bitcoins.
The average price at which I bought all is around $16,810 per coin.
The reasons why I bought today are:
1. 1 year from previous ATH.
2. Bitcoin rainbow chart says firesale. The lines actually dipped out of the color band.
3. Crypto Fear and Greed Index:
Historical Values
----------------------------------
Now. Extreme Fear. 22
Yesterday Extreme Fear. 21
Last week Fear. 40
Last month Extreme Fear. 24
4. Bitcoin is already 76% down from the previous ATH.
5. Bitcoin Miner Sell Pressure tracker indicates an extraordinary selling activity from miners. They are selling more than they have in almost 5 years!
Again. There is a catch. I did not buy actual bitcoin but wrapped bitcoin which carries quite a bit of risk. I will have to try and convert the wrapped BTC to BTC and then put it in cold storage. So, not completely out of the woods yet.
Next:
After 6 months i.e May 2023. BTC will likely 2.5x from the current price. i.e will hover around $37k. I am going to convert to stable coins and pull out of the market then.
3 months before the next halving i.e around Feb 2024. I will switch to Ethereum 100%. 3 months after halving I will convert 10% into the latest and greatest nascent cryptos with good hype/buzz.
Final exit is roughly on or before August 2025
this is roughly my plan.
The other simpler approach is to just keep everything in Bitcoin till 3 months before the halving date. Then convert 50% to Ethereum. Then after another few months invest 10% into new alts. Sell everything on August 2025.
Today is November 12th. 2022.
Yesterday, I bought some Bitcoins. I wanted to buy a few every single day for a week or so.
Today, I just went all in and converted 90% of my stable coins into Bitcoins.
The average price at which I bought all is around $16,810 per coin.
The reasons why I bought today are:
1. 1 year from previous ATH.
2. Bitcoin rainbow chart says firesale. The lines actually dipped out of the color band.
3. Crypto Fear and Greed Index:
Historical Values
----------------------------------
Now. Extreme Fear. 22
Yesterday Extreme Fear. 21
Last week Fear. 40
Last month Extreme Fear. 24
4. Bitcoin is already 76% down from the previous ATH.
5. Bitcoin Miner Sell Pressure tracker indicates an extraordinary selling activity from miners. They are selling more than they have in almost 5 years!
Again. There is a catch. I did not buy actual bitcoin but wrapped bitcoin which carries quite a bit of risk. I will have to try and convert the wrapped BTC to BTC and then put it in cold storage. So, not completely out of the woods yet.
Next:
After 6 months i.e May 2023. BTC will likely 2.5x from the current price. i.e will hover around $37k. I am going to convert to stable coins and pull out of the market then.
3 months before the next halving i.e around Feb 2024. I will switch to Ethereum 100%. 3 months after halving I will convert 10% into the latest and greatest nascent cryptos with good hype/buzz.
Final exit is roughly on or before August 2025
this is roughly my plan.
The other simpler approach is to just keep everything in Bitcoin till 3 months before the halving date. Then convert 50% to Ethereum. Then after another few months invest 10% into new alts. Sell everything on August 2025.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Do whatever you want with your money, you can even specify the exact minute and second when you start and finish, although I don't see how that makes sense. While there is some logic about the time period when you plan to invest, your exit point is completely meaningless and random (at least it seems so to me).
What if on that date the price of all the coins you invested in is 50% (or any other percentage) lower than the price that will be at the beginning of 2025 or maybe in the middle of that same year? Do you want to say that you will stubbornly wait for that date even if the price starts to collapse months before?
I will pull out of crypto permanently i.e sell everything on August 30th, 2025
What if on that date the price of all the coins you invested in is 50% (or any other percentage) lower than the price that will be at the beginning of 2025 or maybe in the middle of that same year? Do you want to say that you will stubbornly wait for that date even if the price starts to collapse months before?
The Next Bitcoin Halving is on April 2024.
1 year after the halving things will start getting heated up. i.e Around April 2025.
I am giving myself 4 months to exit i.e August 2025. This should be plenty of time for the Bull Market Exit.
I just should avoid being too greedy and then lose everything. I will also keep observing for celebrity endorsements, crypto ads, crypto apps becoming most downloaded in the app store etc.
August 2025 is the final date. Any date before that if I see clear sell signals then I will sell. I will not wait past August no matter what because I would already have made enough profit.
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Haven't bought any Bitcoin yet.
November 11th will be the date I will 100% start buying Bitcoin. I will go all in regardless of the price. Hoping Bitcoin will fall down as much as possible around that date.
BTC 60% ETH 20% BNB 10% Reddit R/Cryptocurrency Moons 10%. is the split I might do. Not completely sure.
November 11th to November 17th will be the range I will finish buying. After that I am not going to touch crypto till the year 2025. I will just sell everything then and get out.
I will pull out of crypto permanently i.e sell everything on August 30th, 2025
I will not be greedy and will try to settle for $4 Million Dollars which is plenty enough. No need to shoot for more than that.. infact even $3M dollars should be enough.. no need to get too greedy and lose it all.
November 11th will be the date I will 100% start buying Bitcoin. I will go all in regardless of the price. Hoping Bitcoin will fall down as much as possible around that date.
BTC 60% ETH 20% BNB 10% Reddit R/Cryptocurrency Moons 10%. is the split I might do. Not completely sure.
November 11th to November 17th will be the range I will finish buying. After that I am not going to touch crypto till the year 2025. I will just sell everything then and get out.
I will pull out of crypto permanently i.e sell everything on August 30th, 2025
I will not be greedy and will try to settle for $4 Million Dollars which is plenty enough. No need to shoot for more than that.. infact even $3M dollars should be enough.. no need to get too greedy and lose it all.