I feel bad even addressing this nonsense.. so I will try to keep it short (to the extent feasible)
Q: can @jjg get moar stupenings per sq meter of the posting space?
A: yes, he/she can
Someone is consumed by emotions..unable to recognize a simple fact that bitcoin returns THIS year suck big time,
If you are referring to someone consumed by emotion.. you may well be looking in the mirror, no?
but it might change starting in October.
Maybe? Maybe not? Does it matter very much if you structure your investments in such a way that you are ready for prices to move in either direction?
Dominance decline (with no reversal) surely indicates a multi polar world where bitcoin is just one big actor.
Yes.. dominance matters to the extent that distracted people consider largely irrelevant factors to be relevant.
As long as bitcoin stays above 50%, there is always a chance that other projects functionality would be folded into bitcoin.
At 40%-still a small chance, at 35% almost no chance and at 30%-no chance.
Again.. hardly relevant.., you seem to be one of those cave dwellers looking at shadows and trying to figure out their significance.
Why don't you come out of that damned cave and get a little light. It may help you a wee bit - to the extent that there is anything still salvageable there?
It is what it is, and I still have much more than 40.7% allocated to bitcoin (more like slightly below 60%) so you can call me "overweight" in bitcoin, but I am not going to sit idly twisting my thumbs and doing retarded sell outs-sell ins (in and out of fiat) which some people here are proposing.
Hm? You have to judge how you like, and I suppose if you are saying that you have some where between 40% and 60% of all your investment portfolio in bitcoin, then it may well be harder to argue that you are underallocated [
edit: I have decided to let my earlier draft of this post stand "as it was drafted" even though you explained in your subsequent post regarding your being
even more lost than I had originally assumed you to be. Nonetheless, my leaving my post as it had stood is likely a more productive angle to the topic of attempting to think through and figure out bitcoin allocations than to get caught up in either your level of valuing shitcoins or to give much if any credence to anyone (including uie-pooie) actually believing that coinmarket cap is a helpful way of actually assessing bitcoin's value relative to various shitcoins or to attempt to assess the value of the crypto space as a whole based on coinmarket cap numbers].
So, sure there is likely going to be a decent amount of discretion there regarding how you might play your bitcoin allocations.. and sure if you are distracted by shitcoins (which it seems that you are), it may well be difficult to talk any sense into you, to the extent that it may even be relevant in this particular thread - since surely there are pretty few peeps in this thread (besides ur lil selfie) who would feel that there is anything useful into getting into shitcoin discussions here.. especially since there are other places on the forum that you can talk about that nonsense and the various risks that would need to be weighed.. again not relevant here.
Nonetheless, if we attempt to somewhat attempt to stay focused on bitcoin, I would consider that there are considerable differences in terms of someone who is contemplating coming fresh into bitcoin (such as a no coiner) and attempting to figure out how much to allocate to bitcoin... again, I have frequently suggested 1% to 10% as a starting allocation.. that can be tweaked after getting some groundings and familiarity with bitcoin, its investment thesis and some various tradeoffs.
The other kind of person is one who has already been in bitcoin for a while, and that longer term person has to consider whether to let his/her bitcoin allocations ride or to reallocate from time to to time.
I personally had asserted that I have been quite inclined to let my BTC investments ride quite a bit with very little overall sales of bitcoin because I already feel pretty damned diversified in the remainder of my portfolio... Any person who does not have other investments (besides bitcoin and fiat - I am not referring to shitcoins, here) is likely going to consider the matter of diversification a wee bit differently from someone who has already largely prepared for bitcoin crashing kinds of scenarios... and so even someone could have 90% or so of his/her total investment portfolio (again not referring to shitcoins here) into bitcoin that largely came due to bitcoin's past price appreciation, and still be sufficiently allocated with the other 10% in various traditional investments like properties, equities and other kinds of investments (I have quite a few doubts in the utility of gold or other PMs in this regard too, but I could see why someone might choose to hold some gold and pms.. even though I don't have any significant value in those gold or PMs.. and I don't feel that I need to).
In fact, @jjg probably cost many millions in lost opportunity to those who listened to his/her diatribes in the last 9-10 mo or so.
First: Peeps are responsible for managing their own portfolios and risks, so there should hardly be any need to continue to repeat that this is not financial advice and you are responsible for ur lil selfie (you better fucking make sure that you have some bitcoin... hahahahaha)...
Second: since when have I been talking about peeps investing into bitcoin on a 9-10 month time horizon...? You are fucking disingenuine dweeb, Biodom. To the extent that I remember to say it, I frequently assert that peeps should be coming into bitcoin with at least a 4 year investment time horizon.. and longer such as 10 years or more would be even better.
Third: Refer back to my 1st and second points.. I am not sure if I need to say more in regards to this Biodom disingenuine statement.
If all alts suddenly collapse, that would be even better still since the majority of my cryptocurrencies (or maybe you like to call them "virtual currencies", lol) are in bitcoin and my cost in btc and alts (aka "shitcoins") is now below ZERO. I am playing essentially with the house money....for the win.
Aren't you just the greatest thing since sliced bread, Biodom? Can you clone ur lil selfie and send one copy to each of the regular forum members here (including but not limited to yours truly), so that we can have a famous friend in real life?
I've got brand new shoes
Wearing them to break them in
Can not feel my feet
Seeing that pic makes me feel like kicking you in the ass.
#nohomoAlts ate bitcoin's lunch for the the last 9 mo and now getting to eat our dinner.
That's the main lesson vis-à-vis bitcoin in 2021 (so far).
If you forfeited investment in good alts, you lost a big chunk of this bull appreciation.
I know a couple (of mid and large cap) which did 100X in 2021 alone.
That's life-changing numbers if you were aggressive enough and took profits about now or in May (for some).
Pantera's Capital D. Morehead was right about this-kudos to him.
Maybe I should invest some in his projects...perhaps, not now, but during the bear phase when prices would be lower.
However, if we will continue to meager at 46-50K until the end of September, I might consider buying Dec or March out of the money call options on btc or maybe even a bit of a leveraged bet instead (not 80X, of course).
How much are your beloved altcoins worth? How much is Bitcoin worth?
Actually, as I posted above, I am 50% overweight in bitcoin vs it's 40-41% dominance.
Bitcoin is worth 40.9% of cryptocurrency market, shitcoins+stablecoins are worth the MAJORITY (59.1%).
Wow!!!! After further explanation, you are appearing as even more retarded
(if that's even possible?) than you did from the earlier explanation.
This is just a fact..and on Jan 2 2021, about 9 (not 2! months ago), bitcoin had 72% dominance, which means that bitcoin was very weak (relatively speaking) for 9 mo already. Not going to post anything about specific shitcoins-find it out for yourself, but some education regarding the issue is in order.
Actually, I did realize that there are peeps, who actually attempt to invest (in crypto) in accordance with the marketcap, but I doubted that anyone would actually admit it here.. especially someone who has more than a couple hundred activity points.
Poll
