Bitcoin Forum
June 17, 2024, 10:02:27 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Speculation / Re: Reverse Bubble 2021 on: June 07, 2021, 09:39:34 PM
We obviously don't know whether it will do it again. All signs point to it carrying on, but this is bitcoin and it does what it wants. I can only guess the price increase is due to a supply crunch from the halving hitting, it seems to take just over a year to properly arrive though.
2  Economy / Speculation / Re: Is Elon going to sell his BTCs? on: June 07, 2021, 03:35:52 PM
He's probably waiting to see if he needs to 'test liquidity' again to prop up Telsa's Q2 financials.
3  Bitcoin / Bitcoin Discussion / Re: POS vs POW - Coming for Bitcoin What is the Greatest Fear of the Rich? Poverty on: June 07, 2021, 03:17:29 PM
Devil's advocate here, but for me it is much easier to stake some ETH than to mine BTC. I don't have the 32 ETH required to stake but Rocketpool https://www.rocketpool.net/ will allow you to stake as little as 0.01 ETH on a decentralised pool (about £20 atm), whereas a Bitmain Antminer S9 seems to be going for £500+ all the way over £1000, as well as requiring electricity costs and space (as well as the added risk of having to find one that isn't broken or scammed etc).

If places like Rocketpool didn't exist, I would feel uneasy staking on Coinbase et al for decentralisation reasons, then I agree that it would have such a high barrier to entry. But it really does seem to be much more attainable for the average person to contribute to the ETH network than the BTC network.
4  Economy / Trading Discussion / Re: Sell My Portfolio for 75% of a Bitcoin? on: June 07, 2021, 02:59:29 PM
My portfolio is 50% BTC, 25% ETH, 25% XMR. And, as much as I love those coins, I would dump them all in a heartbeat to get that magical 1BTC.

Mine is more than 90% BTC now. Back in 2018, I sold most of my alts, and converted them to either ETH or BTC. That proved to be a good step, because the coins that I sold back then (BitSend, Denarius, Gbyte.etc) are now almost worthless. And I am sure that the same will happen to many of the coins listed out by OP. I am not saying this about coins such as ADA and ETH, but about the other alts in that list. The recent bull rally has taken the altcoin market share from less than 25% to more than 50%, and this has made many of these coins heavily overpriced. 

Mine was supposed to be closer to 70% BTC but the recent correction and ETH/XMR's performance vs BTC has pulled these two much closer to BTC than before. I do see ETH/XMR as having a lot of staying power (smart contracts/defi and low fees/privacy respectively) and would like to hope they will not crash too much more than BTC after this bullrun is done, and perhaps even decouple (although I see that as unlikely for a long time). I am a new investor this cycle though, started DCAing in Feb 2021, so I am a noobie to swings of the market so could end up being totally wrong.
5  Economy / Trading Discussion / Re: Sell My Portfolio for 75% of a Bitcoin? on: June 07, 2021, 01:50:06 PM
If its your dream to get a full bitcoin then absolutely get it done. You'll be annoyed if you don't imo. Altcoins are performing well against bitcoin compared to how the were doing a few months ago, so you'll get a lot more for your money. Of course its possible that those coins will rise faster still than bitcoin but that's the risk you take.

My portfolio is 50% BTC, 25% ETH, 25% XMR. And, as much as I love those coins, I would dump them all in a heartbeat to get that magical 1BTC.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!