Bitcoin Forum

The market is in a very good shape this November and it looks like the predictions about altcoins season is becoming a reality now I think it's better to start buying altcoins for some gains and sell after bull run probably January? Not sure if history will repeat same thing like 2017 so I sold few GPUs from my garage for this, once bull is over I will use that money to buy GPUs back hopefully they will be lesser at the time, stupid plan or not bad?

The problem is if you will have the time to resell them, once hehell crashes comes you dont have time to do anything and it crashes so fast, altcoins crash 80% in few minutes. I'm not buying altcoins, I bought when it was very low and holding but buying? no way, not buying anything right now. I will start selling very soon in segments and some will create a stop loss, stop losses are known to fail in hehell crashes, need to be very careful on that too, in 2018 I made a mistake to hold some altcoins, this time I will not make the same mistake, will sell everything.

I've bought few altcoins very early and I'm already in huge profits but I'm sure that BTC dominance will decrease alot before alts start new rally, this is what I'm waiting for now, probably December I'm out of the game, I will sell all for USDT, I don't plan to hold mate

I decided not to sell GPUs because speculating in the cryptocurrency market is a risky business.
Until Ethereum changes the algorithm, the prices for video cards will be high, and the first sales will begin after the news and the end date of mining.
At what price are you willing to sell Ethereum this bullish season?

Hopefully, this situation will continue until next year or at least in January. Selling a few GPU could be a good idea for you as you can have money to buy altcoin and wait for a while until the coin increase so high. You can hope that the GPU price after the bull run end can decrease but I am not sure about that because we know that the newest GPU can release almost every month. Investing in the mining hardware needs to be calculated as we do not know how will the price be later. What I can suggest to you is to make much money from the bull run, so you can use that money to buy GPU and you do not need to worry about the price.

For me it is not the smartest plan out there to sell GPU-s in this time when you can make decent money from mining but I hope it works out for you.My plan is a whole lot different and is to buy a couple more GPU-s so I increase my processing power and my daily earnings.I am very happy with 300 Mhsh and plan to buy a RTX 2070 Super or RTX 2080 Super to make it go to 400 Mhsh to make like about near 30 USD daily which if I were to follow your plan I would spend 50% of this sum to buy cheap altcoins daily.

When hehell crash happens, you would be smart to sell all the gpus and coins as fast as possible, if you see bitcoin crashing more than 40% in few minutes then start selling everything, because that would be the signal we are entering distribution phase, right now btc crashed from 69k to 62k, that is still all right, was not a significant crash to scare people into selling and smart traders know when hehell crash happens anyway, my bet is that manipulators will take btc close to 100k and then crash everything, I still have the 79k as my target but could well be 89k, do not hold the bag because others will not hold the bag, cryptomarket is p2p, so if others buy a lot, all rise, if others sell a lot, all crash. So be smart, do not be a sheep.

You know what they say... The best time to buy crypto was yesterday, the second is now. You just can't go wrong with this plan. Even if things don't go as you planned, you can always cash out during the next bull run after that. In the worst scenario, you'll only have to wait for another year or two.

You trolls need to pay attention here, US goverment is about to start tapering which means no stimulus check anymore which means whales cant attract sheeps to buy crypto anymore like used to, this process takes time to have an effect on the US or the world economy, meaning, only idiots, sheeps or manipulators are buying cryptocoins at moment, the smart are selling or the even smarter will hold a bit and then sell at top which is very close, there is a limit on which manipulators can still hold the cryptomarket high like this and is very close to hit that limit.

https://en.as.com/en/2021/10/16/latest_news/1634366470_951451.html

Yes tapering and increased rates will eventually happen. I didn’t think that the US government was still sending out any stimulus Cheques however. Today’s CPI was horrible, basically last time it was this high was in the 90s. So I wonder if the fed will take action. So far they are saying inflation is temp due to supply shortages like the auto chips.

If I were the OP, I would just keep mining. The stock market, the meme coins, the NFTs are all over stretched. The only thing right now that I can see going a little higher in the near future is BTC. It can go to $75K or $85K or even $95K. However I don’t think it’ll break $100K this cycle. Way too overbought. And there are way too many people making too much money trading lately. So that’s not a good thing. The bubble might bust any day now.

I was thinking about it, cryptocoins crashed 10% after elon sold his 10% tesla stock, maybe that is a signal of things to come, I guess people will be extra careful here but I still think my target 79k btc has a great chance to hit and then hehell, I hope crypto will not crash now, I still have to sell the altcoins I have left, decision time perhaps? not easy, maybe last trap? I wonder.

Where do you want to buy RTX 2070 Super or RTX 2080 Super graphics cards?
As far as I know, these video cards are not produced now. Or are you planning to buy used graphics cards?
RTX 2080 Super is not the best GPU for mining Ethereum because it has an overheating problem and Ethereum is not the best coin to mine on this GPU.

People like you are dangerous, and mainly the reason why we stopped coming back to Bitcointalk. You attempt to talk with authority, yet I am confident you don't have the education, training, or expertise on how the markets move. Yes, there will eventually be a larger consolidation, you will call it cryptowinter or whatever the catchy name you decide to regurgitate at the time, yet it won't be tied to a single catastrophic event such as "Feds tapering", etc. No, the smart are not "now selling", nor they wait to "sell at top which is very close". No there is no limit to how long the "manipulators" can still hold the market hot. There is no regulation here, and they can play games as long as they want to for the time being.

You are not an expert. Stop calling people clueless, sheeps, idiots, or trolls simply because they don't argue with you. AND stop offering your useless demands as "insight". Offer your opinion like a human being and move on.

I did not mean to hurt your feelings, the truth really hurts hehe

Here is what I have noticed when it comes to people expecting Bitcoin to crash or go to like $250K. Most people who were around since 2017 or so, are just more cautious than new people who started to invest during the covid crash.

This is why we are much more alert and we try to protect our capital rather than those who are new and want to sell at $100-250K. Most of the old traders who’s post or tweets i read they all got a take profit of anywhere between $74-85K or so.

The $74 is a fib area, $85K is another fib area. We also don’t think $100k will break because many people want to take profit in that area. So might even go to like $95K and drop. Or we could be all wrong and I’ll hit $250k and we will feel like idiots.

The problem on bullmarket is if you lose the opportunity to sell high and in the bearmarket if you miss the opportunity to buy low. Those are the only 2 scenarios where I feel safe to buy or sell. All the other scenarios are just traps, for example, now, wolves trying to get sheeps to buy coins they are holding in order to increase value and then they sell them high. The famous "buy high and sell even higher" this narrative is used a lot in pyramid schemes.

Tapering my ass. They can't taper shit. They knew the money they printed last year and this year was going to cause inflation yet they did it anyway. Now you believe they are going to take that money back? Then why did they print it in the first place?

Maybe they will taper some but it won't last for long and the moment stocks start crashing, they'll print even more.

That is what happens when people dont work to produce goods and get free money from the government and there are only few to produce goods, workers are at homes, less supply and still same or higher demand = inflation, prices rise. Competition drives prices down, no competition drives prices up, economics 101. Anyway, as tapering happens and people dont get anymore that free money from the government then they will have to go back to work and earn the money, product prices will once again drop because competition will once again be fierce. Anything that was overvalued during the pandemic will crash, ie. stocks, crypto etc... and subsequently, gpu price too and other things.

I agree with you that the price on world exchanges does not correspond to the situation in the world.
If the share price falls, then the cryptocurrency market may even rise, because Bitcoin can be the world's new gold, because its quantity is limited and inflation is very low. It's the same with Ethereum.

Quite right. Nowadays China do all the producing and the US do all the consuming. The only reason the US can still consume stuff because people still want the dollars. When there is high or hyper inflation in the US, people suddenly will realize that they don't want the dollar anymore. Then the dollar will lose its reserve money status and everything will come crashing down. In the end the US will become a country like Weimar Germany.

Stop smoking, bad for health.

None of our predictions come true. News tweets targets technical analysys etc.What i learnt is never sell all your bag. Sell half and forget other half even it goes to 80-90% whatever dont look and dont think about it.

im not sure to sell what you have (GPU) for altcoin, better if you use yours all in garage be something expensive. having new job is better than sell a thing.
and when it happen, its hard to lend a trust to altcoin, if they do what past do, people will do it easily. the problem if you got nothing after sell your stuff

very well indeed but higher risk if your coin fall  ;D, there is nothing left if that happen, no safety belt its mean you're ready what ever happen in the future

maybe sold half is wiser choice rather than yoloing buying coin based on hope  ;D, good luck then

I heard the opinion of experts that "in 10 years, 10% of the world's financial assets will be in cryptocurrency"
If the experts are even a little right, then mining can now only be used to accumulate coins, until the cryptocurrency becomes the world's reserve means of payment.
It's a bad idea to mine anything now with new hardware for quick profits. And with low electricity, you can build a farm and mine for 3-5 years, and most of it won't sell.