Thatās fine, donāt kick yourself. People still need to do that for this to work. I cashed some bitcoin for some things too.
Not all day, but I have it open when Iām online. Having an algo bot would be useful for some things but I wouldnāt trust it enough to not fuck something up no matter how well it was programmed.
Yeah, been playing poker online a bunch since the pandemic so thatās also a real convenient time to have all this shit open.
Itās nowhere near as bad as predictit on the day of the USA#1 election, but during super volume even the biggest exchange in the world fucks up.
I think Elon Musk is personally trying to fuck with me. This means war.
worked with some great guys who went to NEAR. i admit i understand very little in what their innovation is or whether it has a future, but last i heard they had the shadiest creditors/investors, earned enough through offerings to pay them back and have some funds left for the company to sit and wait. their telegram channel is āsoft launching a new memeā. sounds as legit as ā¦ anything else i suppose
Wonder how many other companies are gonna start investing some cash in Bitcoin now?
The FAANGs will follow if they are smart. Even just a fraction of percent of their cash in Bitcoin is massive
And it could be 8k again next week.
Would you though? Itās easy to time the market perfectly in hindsight. Would you have banked 20k, or would you have sold when that shit went to like 12 and you made a 50 percent profit? Because thatās when I would have sold. Gotta have stone cold balls to hodl with some of these swings.
It would be nice if my investments ever went up so I could have to make these tough calls on when to sell
https://twitter.com/saxena_puru/status/1358795566625349633
lol.
Bitcoin price wasnāt really influenced by his tweet on Dec 20 though, seems mostly flat that day
iām having a hard time believing musk isnāt just trolling the SEC by commenting on assets they do not regulate.
I assume this is sarcasm?
Gotcha. Bitcoin and most cryptocurrencies are almost entirely speculative. There isnt much backing the actual price here, and while it can be used for an increasing number of transactional capabilities, that isnt what is driving the rise in price.
People buying it because they think itās going to be worth more money. Thatās really it. Itās way too fucking volatile at this point to really function well as a currency. It goes through cycles of hyperinflation and deflation like every other month.
I mean, it could plow ahead to 100k and you can make a fortune. Or it can drop back down to 5k. Who knows.
bitcoin TO THE MOON
I posted this a while back in the Stonks thread, but itās worth another post in the dedicated crypto thread. Michael Saylor lays out the reasoning for its rise in value in a way that made sense to me, and heās basically bet his entire company on his thesis.
Itās a combination of the inflated value of all other assets and decline of the value of the dollar along with the attributes that make BTC a better alternative as a store of value if not a functional currency.
Worth a listen.
Just took profits here and reduced my position because it was starting to get too large for my portfolio risk level. I did this already in January at 31k BTC and now am doing it again at 46k BTC lol. I wonāt be upset if I have to do it again next monthā¦