|
I can't imagine that Bitcoin would ever get dethroned, that said I never thought that Bitcoin recover after Gox back in 2013 or so. Here to be surprised.
|
|
|
|
Still holding strong and only selling the satoshis necessary to support family when they ask me to. Time in the market beats timing the market (I have read).  I expect not to sell until the next bull run or next halving, in the mean we are in the perfect time to DCA, slowly. This is a market not for those afraid of volatility. History shows that selling at the halving (without intention to buy the subsequent dip) is selling too early, that is if your goal is to maximise your return. Appreciate that "when is a good time to sell" is purely a subjective manner. |
|
|
|
Consider taking some profit on the way up, and hold some for further speculation. I really don't see LUNC going anywhere near $0.01, certainly not $0.10. That would be a huge market cap, though one can hope. As has been suggested already, this is most likely squeeze by whales based on the recent improvements to the network. At least you got in relatively low, so your risk should be largely mitigated, especially if you take some profit. I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?
I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?
How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?
I am not selling just yet but this is seeing the best returns I have had in crypto so far so may take out my investment soon and let the profit ride.
|
|
|
|
|
Some will be, many will still be holding at least the bulk of their coin.
There are so many variables, but actually those who got rich according to cold, hard dollars are most likely those who took successfully advantage of trading patterns and trends. Basically squeezing the noobs who thought they could get rich quick of their precious investment.
|
|
|
|
|
Even if this is the case, and is all above board, I would hazard a guess that it would go south soon enough. Good shit always does.
|
|
|
|
Do you got any "kind regards"? I'm fresh out  |
|
|
|
Free time? Not had much of that in a LONG time. When I did have free time I would regularly hit the gym and play Xbox. Nowadays if I ever stick the Xbox on I'm instantly hit by a system update  |
|
|
|
|
To be honest, if you can comfortably afford to take your wage in Bitcoin then it's probably a smart idea. Dollar cost averaging has so far been king.
|
|
|
|
|
Winning and losing in crypto is a state of mind.
You either come in with a sensible head and hodl what you can afford to, or you try play the market. I've seen many cases where those who play the market chase their losses not because of greed, but rather because they are too far in, or simply because of pride.
The ones who really know what they are doing are being greedy when the market is red. Seems like a shitshow at the time but over the last decade it has always proven to be the way. This is not financial advice.
|
|
|
|
|
Bukele has well and truly gone all in on Bitcoin, and with El Salvador having the USD as its currency for the last 20 years I can't say that it comes as a complete surprise.
Does he intend to call it Bitcoin City? That would be pretty naff if so - seems more of a nickname e.g. Silicon Valley, Silicon Alley etc. That said the concept is neat and certainly one to keep track of.
|
|
|
|
|
I can't believe that it is already 13 years old. I didn't encounter it until 2013, but even that seems like a lifetime ago.
Who'd have thunk that it would have changed the world in the way that it have.
|
|
|
|
|
There are applications whereby Bitcoin and various other cryptocurrencies are favourable over fiat. These have already been discussed as part of this thread.
IMO, there is still a long journey to go but that journey is moving with pace. Fiat is still king for now.
Interestingly we are already seeing a lot of places going cashless around the globe, especially since the pandemic.
|
|
|
|
|
As someone who joined Bitcointalk in 2013 off the back of the 2013 bull run (and subsequent crash), I was reminiscing to this topic and thankfully a quick search allowed me to find this post.
I remember these days well, when the community was looking to get any form of public exposure for cryptocurrency, to one of the largest audiences no less. Nowadays people circlejerk over keywords in a job advertisement. How far we have come along the journey.
|
|
|
|
|
Getting into cryptocurrencies. Haven't had a decent night sleep since 2013 haha. Nah, probably my worst mistake was not holding my Bitcoin and Litecoin stash from 2014/2015 - would have been able to retire!
|
|
|
|
|
Nice sentiment, but sounds like a bloody nightmare to manage
|
|
|
|
|
Expect the same pattern, though perhaps not as deep as the previous cycle.
|
|
|
|
The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.
Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.
It would take something major to destroy Bitcoin specifically. The most likely scenario is that a downtrend would form and there would be a significant drop in price over the coming months. There is a lot of institutional money and individual major holders propping things up longer term, so I wouldn't imagine anything nearly as significant than what we saw the last cycle. |
|
|
|
Did You Know? until they got hacked "hacked" Gox is exactly why any exchange worth its salt needs to be audited. |
|
|
|
|
You don't. You let them formulate their own opinion and criticise from the sidelines letting time, and ultimately history, determine the outcome.
|
|
|
|
|
I always thought that 2021 would be the peak of the cycle, but that's based on a very limited cycle of 2013, and 2017. The test will be how well things hold over the coming months as there are no recent ATHs to report.
|
|
|
|
|
Show Posts
