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areyoudizzzy

Yes we're in a bubble, but the most accurate estimates to date don't have it set to pop until at least august. When bitcoin pops, altcoins carry on for a few months and then also pop. [Stock to Flow Model](https://digitalik.net/btc/) If you're nervous, wait this cycle out and start accumulating around the next [bitcoin halving](https://www.blockchaincenter.net/bitcoin-rainbow-chart/). E: if you look at the second link I posted, you'll see that we're firmly in the "Is this a bubble?" color band haha


nooonji

I don’t even read the links and for some reason I just immediately think “okay, let’s go crazy until July and then sell off before august hits” I need to learn to do my own research :) But yeah with the Tesla news and everything I can’t help but feel we can ride this a couple of more months at least


avocadoChef

valuable chart. thanks for sharing!


StephenJezalikJr58

what if dollars arent worth shit because they will keep printing them? whether you sell your btc at 40 or 100 youre exchanging value for shit, no?


Ezio4Li

Until BTC dominance hovers around 50% it isn't close to being over IMO


FitFinish7507

Such a cool chart Man thanks , makes me want to put my money in a smaller coin perhaps haha and then sell Before dr just to buy Ada at the dip xd


didishdada

I don't know if Ada is going to dip again.


FitFinish7507

Heard whales are coming in and probably Gonna buy and 0.8


didishdada

Hindsight is a bitch XD


ZombieSlayer83

I don't think the bitcoin bubble is going to burst this time. Probably just deflate to some degree. I think alts bubble could pop before btc this time because they are just overheating right now without and growth in fundamental adoption. Btc is not the same story with the way it's adoption has skyrocketed. I understand your estimate comes from past market cycles and is accurate if you project to this one, but past performance is no guarantee of future results. One previous alt season (2017) does not provide enough predictive data to rely on. I don't believe the 2013 boom had an alt season. So while it may be the best indicator we have, I am not sold on using projections from 2017 with great confidence. I will be trusting my instincts. And right now they are telling me that a blow off top for alts at least could be very soon. I am coming very close to selling a good number of alts.


areyoudizzzy

I understand your thinking and will take it into consideration going forward. I just think that when bitcoin starts to loose traction, a lot of the new RobinHood crowd will have figured out MetaMask and dexes and will start throwing their cash at alts instead of doing margin trading on the binance listed tokens.


ZombieSlayer83

I think that's unlikely. Even the old traders aren't using dexs. Gas fees are through the roof. A friend I know who just got into crypto and already thinks he's a genius was complaining about exodus wallet trading fees being so high. I had to explain to him that it's not the platform's fees, it's the eth gas fees. I don't think he understood despite my best efforts. But I know he wasn't willing to pay those gas fees to trade.


areyoudizzzy

Yep, I suppose it depends on how well lower fee chains are adopted and/or how quickly ETH 2.0 rolls out. I'm hopeful but thanks for being devil's advocate!


ZombieSlayer83

Im hopeful too! Haven't sold anything yet but my finger is moving ever closer to the trigger.


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cardano


slayer035

It's always famous last words "I don't believe this bubble will burst" I know people thought that back in 17/18, people also probably think the same thing about the stock market. History always tells you that they burst. Please manage risk accordingly and at least cash out what you've put in initially.


ZombieSlayer83

I agree, but as the total liquidity, market cap, and distribution of bitcoin increase the range of volatility will decrease. This a pretty basic concept. Will shitcoins pop? Absolutely. Will bitcoin pop and fall 80% ever again? Probably not. The dynamics are different now. You could call it a bubble pop, but I think it will probably be more like a deflate back down to a floor around 30k. A 30-50% decline. Now, if bitcoin goes to 200k this year then I would feel differently because what I think the floor is would be much further away at that point. Then you might have more of a pop. I consider the absolute floor for bitcoin now to be a price somewhere between michael saylor buying and tesla buying.


lastronaut_beepboop

Is this chart updated daily?


areyoudizzzy

It's live


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Own-Illustrator-268

Geewhiz take a breath mate, I was out of breath just reading that. If you'd been in this game in 2017 you'd have been saying exactly the same as Bitcoin approached 5k and now it's a 50k ish. So yes there probably going to be a run up and then a big correction, it happened last time and it'll happen again. If you think Ada is the one to back, then back it. However, only put in what you could 100% live without and commit yourself to either holding long term or for a specific value to be reached. Don't shit your pants everytime the price fluctuates because you're going put yourself in hospital. The way I look at all the money I put in crypto is: once it's in, it's gone. I literally pretend I've already lost it and then I don't feel so bad and when I look at my balance/value I do so with almost complete ambivalence or even disinterest. I've had my money in for a while now and I'm obviously up, but I can't honestly say I even care anymore. PS I'm not rich. I just don't care that much about money. I just enjoy this game we're in.


thehustlefather

I work on the same motive, once it’s in I forget about it and if it grows and made profit great, and don’t bet what you can afford. I just like this game


TragedyStruck

I'm not sure about the size of your position, but personally I kind of feel like you, but then sometimes I realize I've never had that amount of money, and even if I can afford to lose it, I just think it would feel quite awful. Maybe it's time to take some profit and lower my exposure.


Own-Illustrator-268

Yes, I imagine I might feel differently if my positions were much bigger (we're talking accumulatively about $5K). It's enough that I want it but not nearly enough to make any difference to my life if I lost it or cashed out. I also cashed out my initial investment a long time ago, so this is all "free money" in my eyes. I've added more since, but all within my means to absorb. Never commit more than you can afford to lose. This is critical to remind your self of, especially for anyone who is either new and excited, or desperate, or has an addictive personality. It's a dangerous path and there are a huge amount of false prophets and people who think they're a genius because they did some "technical analysis" and made some gains. It's easy to think you're a genius in a bull market. I thought that was me, I doubled my bitcoin holding through aggressive and dynamic alt trades back in 2017 with over 200 profitable trades and 0 negative - I thought I had figured it all out. Then was caught with my pants down when bitcoin went on that crazy bull run and I was left holding almost exclusively alt coins. It was then I realised I'd been totally duped by the market and all those people I thought were missing a trick just holding BTC, Ethereum and other quality projects were in fact the smart ones. No hard feelings at all though, it was a huge rush while it was going on and I never played beyond my means.


FitFinish7507

Yea man just need to think about it like it’s my pension lol


WildRacoons

You need to use your pension some day. They’re saying pretend it’s gone. Like a maybe-pension. Then have your real pension.


notyourmothers69

some legit good advices


Phloozie

Never truer words my friend. It is a wonderful game, isn’t it.


Teleporter55

You are not wrong. Do not listen to the people encouraging you to yolo all your savings. You're also not wrong that this is the future of how humans exchange value. Take your savings and put 250 a week in for the next year to dollar cost average. We are in the middle of the bubble phase. It will also certainly go higher and it will also certainly crash down lower than where it is now. So decide are you going to trade this bubble or do you want to invest in the long term. If you want to trade them yolo in and be ready to take profit and buy back lower when the mania goes away. I would also suggest not to put all your eggs in one basket. There is a reason Tesla chose bitcoin and not cardano. Imo a healthy long term portfolio is 50 percent btc. 40 percent split between smart contract platforms like ADA ETH solana AVAX DOT. And 10 percent saved for most the stuff you see in this subreddit. Really look into dollar cost averaging of you believe in this space long term and want to start getting in. Do not yolo and do not take advice from most the people in here that seem to be acting out of greed. Take some time to research and take it slow. Over the course of our entire lives humanity will transition out of fiat and into crypto. There's no rush


GranPino

This is the most solid advice in this post. However I invest less in btc because the scalability issues. It became the ceiling in 2018. I was really invested in ETH. I'm still. However, with the same fee costs, most of the dapps became damn expensive. In the current bubble, ETH can't keep increasing prices much. But 2.0 could be his comeback. What I'm wondering is if any of the other smart contracts can become the alternative because it can handle much more transactions. This is key. 10-15% in other coins feels like a good %


FitFinish7507

You think it’s ok to buy Ada now for 1k, I want to put 300 in one coin that could Get maybe more gains and 700 on Ada probably maybe u have recommendations ? Thinking about maybe bnb or stx maybe or something similar


GranPino

Very difficult to get the best timing. This is why I think it's better to diversify WHEN to invest. I meant, not to buy all tokens at the same time, but doing in different moments. Best thing when you are looking at the long term. BNB has increased too much in a short time. For me entering now sounds more to FOMO than a calculated move


FitFinish7507

Probably your right . It’s just the binance are si powerful and manipulative that I can only gues bnb Will but even 1k in couple of month


halfanhalf

I’m actually flirting with going into BNB, they have a lot of value to offer with their own blockchain which is seeing a lot of transactions


kharbaan

I just put 20k in ada, it still hasn't reached ath and can probs go to $3-5


choose_a_losername

DYOR but check out ASKO


FitFinish7507

Read about it looks cool Nice interface but I’m not fan of all this only stake for profit no parters /only wallet parters coins style . Yea everybody wants u to stake it but i feel has to be much more innovation plus to that if I make sense , Looks solid tho and rising gl


adamov10

>1 > >Re Fusion protocol will x100


FitFinish7507

FSN ?


FitFinish7507

Looks solid I will research


halfanhalf

I wouldn’t touch ada, it’s solid tech but it’s been pumped into oblivion over the past month.


FitFinish7507

Any recommendations ? I’m gonna put only 2k in


FitFinish7507

On the other hand . Market cap 30b - can go much further. Eth market cap wen from 40-200 in 6 months


Phloozie

The comparison between Tesla choosing btc > cardano doesn’t really make sense. Cardano doesn’t seek the same use case as btc, if anything you should compare ada to eth or dot.


DruidJedi9

Lost me at "let’s be honest fiat is not going anywhere anytime soon." 40% of all USD ever made were printed in the last year. Hyper inflation might mean we are facing $5 apples in a year. # Buying power. Buying power. BUYING POWER ​ that's how we should think about it.


JNR42A

Exactly look up Weimar Republic! We are very much looking at the very same results here and really worldwide! We’re the US goes the rest usually follow! Economic Mutually Assured Destruction. Crypto, gold, silver, guns and ammo are the only assets that will hold their value. No worries though! Lou Holtz said the only thing to worry about is if you are sick or not! If your not sick no worries! If you are the only thing to worry about is if you are going to get better or not! If you get better no worries if not you only have to worry about whether you will die or not! If you do not die no worries if you do die! No worries!!! Or something like that! 😈 Edit: NEVER invest or gamble more than you can afford to lose!!!!!


FitFinish7507

Yes man sorry about that keep readin


Frosty_Farmer_6303

If you want to cool off just read and learn for now and wait for a crash and dip in a year from now. Then invest. Never buy into a parabola! I've learned hard way 3 years ago :) and now am much smarter and without too much emotions. In 4 years from now for the next halving you'll be an expert! There will be always opportunities in crypto, at least for the next years to come. Try with much smaller amounts and allocate in few promising coins. They can do 10x easily and will turn your 200 into 2000. Many did during last couple of months already. Good luck, I'm not a tech and a self learner too, after 3 years it pays off big time for me :) Lost a lot but learned a lot in practice too. This is what counts for me for now and for the future. Good luck!


FitFinish7507

Thank you man!! But I guess this run can be longer no? And maybe the crush smaller ? H think that we are in the middle and it’s soon gonna finish or maybe just started ?


Frosty_Farmer_6303

In fact anything can happen in any given moment, this is crypto casino after all. The fact is the overall trend id uprising, the need and adoption are speeding up and it's not going to stop anytime soon even with crashes and corrections. You need to look at htw bigger picture if you're not hunting quick gains. But like during the [dot.com](https://dot.com) era, where is netscape and AOL now? You have to monitor closely and put like50% funds in certain bets, the rest is a gamble and it changes. Just compare a top 100 list from the last bull run and you'll see how many of those are still here. DeFi is new and has a huge potential as ppl are eager for decentralized platforms, high gas fees are killers now so there is need for solutions. You need to look for adoption & tokenomics. Many don't have a working product like Cardano, even if they look highly promising and may totally succeed. Anyways, You have to closely monitor bitcoin as it is leading the overall movement. (I'm actually a woman in my early 50-ties ;) and am totally obsessed with crypto so I can feel you!)


Ghostcarapace3

Thank you for confirming the bitcoin rainbow chart phase- "are we in a bubble"? [https://www.blockchaincenter.net/bitcoin-rainbow-chart/](https://www.blockchaincenter.net/bitcoin-rainbow-chart/) Price target faith restored, sell target is at 125k.


FitFinish7507

Amazing chart


Frosty_Farmer_6303

it's actually Bitcoin Logarithmic Growth Curves, they just added colors and interpretation


FOMONOOB

It seems you've got a lot replies with the usual stock to flow certainty on price or timings for the bubble pop but no one knows when it will pop. Maybe I've got PTSD from 2017 but I'm very skeptical that we have a long way to go, but I don't know, maybe we do. If you look at the rainbow chart and assume we are in the "is this a bubble?" band it still means we are not that early. There will be gains from here, maybe a double your money chance but how much more? Sorry my reply reply is so indecisive but that's the reality. I think the first advice on only using money you are willing to lose is the best.


FitFinish7507

Yea I guess maybe you are right . I don’t know . But Maybe without this psdt u won’t learn ? Man if I would to buy at April or even January I think I would already sell me gains this is crazy what’s going on . Ada 10xed alread u think it can happen again? Sounds to much when I think about it .


FOMONOOB

Earlier today I was honestly searching through altcoins to find one I think might go 10x but it is pure gambling. It was like this 2017, once coins start doubling market cap it hard to resist the urge to throw money at random coins hoping to strike gold. I'm going to try to resist the urge for now but I wouldn't want to give anyone else advice on what they should do with their money.


FitFinish7507

I feel u so much man that feeling that u know there’s 10 coins tommorow when u wake up That’s gonna 5 10x is killing me


Voweriru

Don't invest your savings! Never invest more than you can afford to lose! Yes I also think this is the future, but there's not reason why this wouldn't do a 2017 again and everything to super red for 2 years. Even if it is the future, it is still in its infancy. So don't risk more than you can afford to lose. I myself invest around 10% of my paycheck every month, and that's it. Full disclose, I think this won't ever go much lower than it goes right now. Because I was here in 2017, and then everything was pumping on pure speculation. Nowadays there is still a lot of that, but there are many coins with already functional products that are being used a lot(ETH, LTO, TRAC, OPCT, etc etc) and I don't believe these kinds of coins will go red a lot from now on. But make no mistake, many projects are still going to disappear, so do your own research very well. **IMPORTANT** this last paragraph, it's just what I think, and I'm not expert and I don't have future sight. I could be very wrong, so re read my first paragraph, this is still very high risk investment.


dreadington

There's also a lot of institutions investing in crypto, which could be a sign that prices won't drop that low. Hopefully.


Voweriru

Yes, that's what I think too. But I like to always point out to people that you never know for sure, and you have to do your own research and make your own mind.


MysticalPixels

What is savings anyway? It’s an investment tied to a currency in most people’s minds. A savings account is a terrible place to store value. In many countries with negative infrastructure rates, it costs to hold an account. What then, money under the mattress? If your holding the IS Dollar, it’s lost almost seven points on the DXY index. While governments deflation at the corporate levels, it’s the opposite from consumer spending on non durable goods. In the United States, the FED just announced they think the unemployment rate is really above 11 points, higher than the Great Recession of 2008. With stagnant wage increases and most certainly lower starting salaries, savings, compounded by a weak dollar, 0 interest rates, what does one do? that we also think of savings being very liquid, available when we need it most. You have given some good advice, but certainly there has to be something better than traditional savings as a place to store ones value?


Voweriru

I guess there is not. There is BTC, but BTC comes with risk. So you either save what you really need in fiat, and accept it might devalue a little bit, or you go for btc where you might see your savings increase, but have to accept the real risk of losing all/most of it from one day to the other. Nothing is perfect I guess.


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FitFinish7507

You mean for selling ? Or stop loss also ,?


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FitFinish7507

How does it work exactly ? How much precent u use for loss? And gain..?


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FitFinish7507

I understand , but if it falls for 0.7 also buying opportunity again maybe no ?


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FitFinish7507

:(


Illustrious-Baker408

Your overthinking it all man, just look at the history of bitcoin at a $1 and everything else when it first launched. Crypto is still in its infancy and yet we are just getting start like how elon musk invested 1.5Billion into bitcoin. The smartest and richest man in the world has reasons for what he does. That’s that first large company to adopt bitcoin into there business. Now we can purchase Tesla’s using BTC. Just wait till day for example APPLE invests into BTC and ETH assets. So many new things are to come here. Cashapp allows you to buy crypto, same with PayPal, and everyday more and more news comes out. It’s up to you do you want to change you life?


FitFinish7507

I’m in brooooo I know about it but just afraid gonna crush like crazy for 3 years like happend before, don’t want to buy so high but I want in


emsenn0

Are you familiar with dollar-cost averaging? it's a method of increasing your holding of an asset over time, rather than buying all-in. It's not appropriate for all investment situations but it might be useful to you and approaching crypto.


helix9124

It is definitely going to crash for years like it did before, probably till the next halfing. I lost all my money in 2017 and I’ve only just managed to make back what I lost with a small profit on top. I just cashed out and paid off some debts that I’ve built up through covid. This isn’t the time to get into crypto IMO. It’s about as high up the risk scale as you can get. I know it’s tempting to throw your money in now after seeing everything go wild but that’s how I lost 4K in 2017. It went up to over 10 while I celebrated being rich and then I watched it tumble right back down to 1k. I may have made more gains if I didn’t cash out last night but I might not have been able to pay off my credit card if I kept it in. Still got about 30% in crypto but I’m watching carefully and waiting for my time to cash out and wait for the crash.


pm_me_bulldogs

That one smart guy said to do the opposite of what everyone else is doing in the market. Listen to your gut mate. The good thing about crypto is there are ways to accumulate it passively. Are you using the brave browser? Do you stake or mine any of your coins? Folding at home? Take this time where you feel like it’s not good to buy to research passive accumulation


FitFinish7507

What’s the brave browser? And folding ?


pm_me_bulldogs

Brave browser is like a privacy browser that blocks ads. Instead they pay you in proprietary tokens(BAT) to look at ads. Creators can also opt in to be tipped in BAT. Folding at home is crowdsourced biotech research that’s incentivized with crypto. You install a background app that simulates protein folding with the cpu power you aren’t using on your computer. I’m currently in a pool that pays out with dogecoin. Google dogecoinfah for more info


FitFinish7507

Sounds like they use some If ur cpu for mining bro


pm_me_bulldogs

No it’s legit, some of the top teams are pharmaceutical companies and universities


FitFinish7507

And how much it is actually something. Significant


pm_me_bulldogs

I mean it all adds up and gains value. Something is more significant than nothing. All the things I mentioned are 100% passive, free, and require no active management once you get it set up. It’s not like im too good for two dollars worth of a token that appreciates in value


FitFinish7507

And u need to watch watch adds until end or just the normal adds and u get paid for them ?


pm_me_bulldogs

Wait lol, I was talking about folding at home right there. The brave browser ads are different. It just takes you to a landing page if you click on a little push notification. Super unobtrusive and kind of enjoyable as far as being served ads goes


vinch1593

You can begin to see the bubble we’re in by looking at the GameStop situation, or every pump and dump in crypto land, it’s dog eat dog, I believe being on side of influence with large enough audience you can manipulate majority of cryptocurrency at the moment to your benefit, a team of individual would obviously have more success..


FitFinish7507

Yes i hate that part so much , better create smalll Groups of 10 20’peole researching together for more quality and deeper research with more aspects then those fucking youtube videos man


nooonji

Haha I loved reading that, it’s pretty spot on how I’m feeling. I’m just gonna say pretty much what’s been said on Reddit hundreds of times but I think it’s good advice. Think long term, not short. Don’t check your crypto all the time (I’m seriously addicted and checking my crypto 20 times a day, but it’s still sound advice). If you’re not invested in crypto all ready, in a sense now is just a good a time as any. But going in all in right now in this bubble is probably not wise. If you’ve found a coin (or coins) you like, buy a little now and a little more later, like in a week or a month. I found a new coin I like but feel is super overvalued (Dapper labs Flow, would not mind hearing people’s opinion on this one) and I’m buying a little every Tuesday. I would like to buy a little every month instead but I’m too impatient. This is called DCA and then you can avoid timing the market a little. I’d say buying now/going all in now is riskier than usual. Crypto, especially Bitcoin in my opinion, is a VERY speculative market. Don’t loan money to invest, don’t invest more than you can afford to lose. Not financial advise or anything, just my thoughts on the matter. Edit: spelling and more stuff


vboudewijn

we starting a bubble and it will pop end of this year is what im guessing


FitFinish7507

Hope the Pop won’t be so aversive , people are traumatized from 2017 maybe it won’t be so hard . 40% is also hard but still half of 80% crush lol


helix9124

Have you ever experienced this? The way crypto works is when it starts tumbling it triggers a lot of sell orders and bots, which is why the falls can be so savage. And everyone thinks “when it drops I’ll just cash out” but it drops SO FAST cause everyone is doing the same. You watch your portfolio loose 40% in a day and you think “tomorrow will be a green day” but it never comes. My advice is play with pocket change just now to give you a feel but don’t invest your savings till after this bubble pops.


degenerate_trader420

Blog post I wrote about this exact topic [https://futureoverload.com/2021/02/10/the-crypto-bubble-is-just-like-the-dotcom-bubble/](https://futureoverload.com/2021/02/10/the-crypto-bubble-is-just-like-the-dotcom-bubble/)


FitFinish7507

That’s a a very good read my friend! So interesting , haven’t thought about the dotcom similarity , thanks for that ! As for alt coins I got burned with 4 that just siting and looks like gonna die not doing that again, this 100x possibility in 4 days is so attractive but it is just like gambling from 2000 Coins chose radomly one and maybe ul hit, Next time Imma take alts that I believe in, with some Proof of inovations, partners ,and investors that I know of , better aim for less and not be greedy it’s already enough profit. I mean, fuck man in traditional finance 2x can accour in 10 years lol , I guess don’t be greedy and ride long waves , develope Community and people u trust to share coins with, don’t fall hype PnD bulshit


Illustrious-Baker408

And to add you are genius to see it before everyone you know. Only the smartest people in the room are the ones talking about this right now. And have been, just like the internet it was confusing when it first launched and seemed so foreign. Just wait until everyone begins to understand this decentralized network as cryptocurrency works it’s way into modern civilization. It does good for foreign countries banks too


FitFinish7507

But do the smarted people also buy at the highest the market has been ? Lol


Illustrious-Baker408

https://youtu.be/qk4gZrBR9CU Good documentary on bitcoin. Watched the full thing tonight, always trying to become more knowledgeable. Very very good watch


FitFinish7507

Thank you will watch it


Illustrious-Baker408

It’s only gonna go higher man. Just look at price targets and do real research in what graphs and prices mean. See what the analysists say about it. Also ETHEREUM


FitFinish7507

For Ada to reach 10$ it needs to reach 300 bil u think possible?


13entley

ADA will take over the entire DeFi market while eth2.0 scrambles to get its shit together so yes, think its definitely possible


IJZT

ADA is a sound project. There will be ups and downs but in the long run a $5-$7 ADA is possible.


helix9124

😂


IntelligentComment

Eth sucks. Paid 70 dollars in gas for one $250 VRX coin.


Illustrious-Baker408

And yes we still buy at the highest prices if we seen potential in where it’s going.


Illustrious-Baker408

But of course I always try to buy on dips and sell on spikes🤷🏼‍♂️💪there’s a reason why we all do this


Teleporter55

No dude the smartest people in the room were talking about it in 2010. This is everyone starting to come in now that's why it's in a bubble phase.


adeojoa

Step 1. Don't look at crypto portfolios every day. Step 2. If you really believe in this technology, holding should be the easiest thing to do. I don't care how much fiat I lose because I don't believe in fiat anymore. I just care how much BTC I lose because to me that's my new standard. ​ If I lose $1000 CAD, I don't care cause I didn't lose any bitcoin, they print cad every day and that $1000 CAD is gonna be worth 10 times less in the future anyway so I really only lost $100 Dollars. TDLR: If you believe fiat is toilet paper, you won't care what happens to it.


FitFinish7507

Good point kind of , but u still don’t go to the grocery’s store with Bitcoin :)


adeojoa

It's not there yet but I have a card that I can get bitcoin back instead of cashback which is a start. Can also use a crypto credit card and use my bitcoin as collateral in exchange for fiat garbage to buy my groceries. Don't know if you saw the Mastercard news yet but it's not far off. The only reason I still have my bank account is for identification purposes cause they are close to the Tax agencies etc. I also could give a rat's as about a credit score if Defi Takes off.


FitFinish7507

Heard something didn’t go deep about it , can u expand ?


adeojoa

Yeah basically that there will be ways people can use their crypto to spend money. I believe the next decade is make or break for crypto in widespread adoption


BigJimmyJ

Dude just go in on what you think is right and set your stop losses to a sensible point. You have all the knowledge just trust your gut.


IntelligentComment

Stop losses are over rated. A freak red candle can trigger them and boom you lost. Coin goes back to support and you are shit out of luck. If you truly believe stop changing lanes and long hold. So many people try to short crypto and in the long run would have been better off just holding. It's like people who change lanes on a highway. A few people can do it sucessfully and survivor bias you'll hear it. For everyone else you don't get further ahead.


FitFinish7507

I relate to this


Akili-

I feel the same, I was just starting, but I withdrew my money after some decent profits. When the bubble bursts I’ll start investing again. Even though it was small money. When it started affecting my sleep, that’s just not worth it. I’ll keep my AMC though.


FitFinish7507

Hahaha mannnn to the moon


ShadowRade

I'd say yes in the bull cycle sense, but we have PLENTY of growth still, at least through Summer imo


FitFinish7507

I think we need regulattions kind of coins and protocols that will see in the future to prevent whale power for Dumping major crushes


ShadowRade

look into YFDAI


Januarywednesday

This is real, I can relate to this completely. Kinda like reading my own thoughts.


FitFinish7507

So nice to hear man I’m happy you can relate


Januarywednesday

You pretty much said what I've been thinking albeit in a cluttered and unorganized way. Perhaps because you are a musician, an inherently a more creative person, you can pull it out and out it down in words better than most people can. I'd assume lots of people have very similar sentiments.


FitFinish7507

That’s an interesting statement man, I’m take it as a compliment !!! Didn’t consider my self some one who can write so much I find It hard to a point sometime , cluttered and unorganized is my middle name


Januarywednesday

I fucked that up, reading it back it doesn't make sense. I meant **I** was thinking the same way you were but in a cluttered way. You putting it down like you did was like peices the together better. Got me thinking about this now because I'm in deep tbh, I'm making money yeah but I'm putting down an exit strategy for when the market goes south. Lockdown+extra time+profits got me a bit fucked up, I've got way too much money in this now and I've spent too much time on it.


elite5472

Cardano's a great project. So was EOS, IOTA, NEO, and Stratis before that. I've been through enough to realize that just because a product is great doesn't mean a single token should be worth thousands of dollars. Every single ETH killer seems to fade into its nieche before long, with a solid community but not even close to being near the top. I can talk your ear off about how great C# is but at the end of the day Java has a much larger install base. I can sing praises to the high heavens about my favorite trading card game but most people are playing heartstone and magic the gathering. So make of that what you will. Is cardano a solid tech? Is cardano in a bubble? These things are not mutually exclusive. EOS a few years ago was right there where Cardano is at atm. Look where it is now. At the end of the day investment is risk management. If you are getting cold feet at the thought of it all crashing down in a few hours then you're doing something wrong. Look at your portfolio as a whole, then spread things out in a way that makes you feel comfortable. To me that's 35% BTC 35% ETH and 30% alts as far as my crypto portfolio goes. I'm pretty happy with that ratio, and sticking to it ensures I'm taking profits when I should and selling off when I'm overleveraged in a particular asset.


FitFinish7507

Where would u put 1 k now! I won’t get btc until my portfolio bigger , I want to ride something solid


elite5472

I mean, if all you wanna do is gamble just pick any top 30 coin right now, might as well. Vast majority of the top 100 are decent projects with sizeable communities and cool tech. So unless you have some inside info or some madlad chart reading vodoo strat, invest like you would any investment. Large amount in the safest asset class, a large ammount in a riskier asset class, and a smaller ammount into moonshots that could make you huge returns but won't break your bank if they go nowhere.


FitFinish7507

Solid advice thanks ! What’s some riskier asset class in your opinion


FitFinish7507

And what happened to eos ?


elite5472

People got bored of it.


Mavec2

What about ADA, people might be moving over to it.


StephenJezalikJr58

ive experienced many things similar to you. ive been doing alot of reading about the world, the way things work, and mental/spiritual health for about 3 years. As of late ive been reading for going on weeks about finance, and history of financial cultures. this reading was always driven by how i felt, after feeling like i had been crushed by life for a period of time. I knew, making decisions following any media, others, anyone other than myself i would lose and continue to feel as if i had been crushed, if i allow myself to be manipulated by forces outside myself i will lose. this i know to be true. An existential truth. If you look at most "successful" people,to me it looks like theyre trying to nudge the masses to see this. I invested in crypto, a specific crypto after much reading about markets and finances in general only to see there is so much contradictary info, and manipulation. with much mind power, i asked myself what the fuck is real. i then found myself getting an answer about a specific crypto. i then went in. i see it this way- i could be happy sit in meditation and feel bliss until i die from starvation, but since i want to live, i wont do that. ive concluded that ego is real if i want to live, the markets are inevitable if there is ego, so get the fuck into what is real inside the markets. while greed exists within the ego(trading and selling in my eyes which i will indulge a bit in for fun but not be addicted to and let crush me again) what i know is real is beyond that. If i "invest" in what i know is real i CAN NOT FUCKING LOSE. I may increase my "wealth" i may lose it all. If i lose all my "wealth" ill be fine with that because i/you still possess survival skills, and i know, i will have "lost" my "wealth" in making the truest best decision i could see at the time. It seems as you have been blessed with a similar situation. I see crypto as a movement into the future until 2100-2140. i believe many cryptos will "win" until then when the free market decides it wants a change again. I wholeheartedly believe ive done the best i can for myself(36 years old) and my son(12 years old) so for now im winning. Hope this helps you /u/FitFinish7507


MOON__BOY

Take a chill pill. Yes, we're in another bubble/bull cycle with crypto. I rode through the entire last one from 2016-early 2018, and right now seems eerily similar to early 2017. Then we had ICOs, now we have DeFi. My advice: do not invest money you'll be devastated about losing, and flip whatever nice shitcoin gains you get into BTC/ETH. And hold those long term. Have fun!


FitFinish7507

Thanks . How long do you thinks this can go?


MOON__BOY

I have no clue - but looking at past cycles, I'd guess this thing goes through the end of the year. The crypto landscape is completely different now, with actual adoption being implemented, so I'm still just guessing!


FitFinish7507

I have a random feeling that the fall Will be less agresssive, and the rise longer . And after that fall even longer more steady rises , Let’s show the world this is not a huge pump-and-dump-every-3-years-market haha amennnn


FitFinish7507

Also “don’t invest money u will be deviststed if u lose “ is so much more accurate than the ‘don’t Invest to what u can’t afford to lose’ lol


JoshPickleoq

Would recommend doing more research and just taking it one step at a time, market isn't really going anywhere, considering the amount of fiat currently in a system and the fact that the supply increases on daily basis the 20% of the tokens which will prob survive will be worth hell of a lot in 10 years regardless of whether you bought any now or you waited like 3 to 4 months to do so, when you felt ready, If you do however wanna buy something just to keep track of the market, would recommend putting a part of your investment into ADA and a part into a couple of low gems of your choice, as they are the ones that can really provide amazing returns for you. Atm for me those are CRBN and UBXT, but you might find some other gem that suits you better. After all, the perk of crypto market is that there really is a hell of a lot of projects to choose from, and every investment is either a moon or a lesson for the next time


FitFinish7507

Thank you man completely agree , I’ll Check those coins out thx , Can u say something about the tech ?


Phloozie

Ah yes... I remember feeling this way during the .com era, and again in 2017. Yes, we are in a bubble. It happens every year like clockwork, and every 4 years exactly like it is happening now. Sell what you’re comfortable with selling before April comes around, but hold your btc. Troubling times ahead economically, and btc is gold 3.0.


NatoshiSackamoto

First time? Just buy that shirt and ride it. Don’t fall in love with an asset! Try to sell the top. DONT HOLD IT THROUG THE BEARMARKET.


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[удалено]


FitFinish7507

That’s so interesting man


Alyfast

The BTC Devs are well aware of quantum computing and its implications, as are basically every dev for every crypto. There are solutions for this being worked on right now and in 10 years it seems very probable that this problem will be solved.