Cryptocurrencies

[james22]

I've no idea what the top might be, or even if there'll be another cycle.

 

I'll trim when there are no catalysts upcoming or (more likely) because I've no reason to keep playing.

[backtothebeach]

Possible timing system for the sell decision by Jim (mungofitch):

https://www.shrewdm.com/MB?pid=579967243

[Dave86ch]

I will probably hold it forever and leverage opportunities to earn interest on it.

 

 

[Cod Liver Oil]

When a bitcoin entrepreneur buys a $6 million banana and eats it. Not sure if this is peak something.

https://fortune.com/2024/11/21/justin-sun-tron-comedian-banana-artwork-sothebys-elon-musk-space/

Edited 12 hours ago by Cod Liver Oil

[SharperDingaan]

The 'tops' thing .....  It's a casino folks. The house is ultimately going to win so long as you keep the accumulating pile of increasingly valuable chips on the table; you need to do systematic material withdrawals, and put the proceeds somewhere. London/Paris/New-York/Milan Grade-A real-estate!

 

No different to commodities; get your original investment back as soon you can, play with just the house money, and always keep the withdrawals in something useful/safe. The cycle reverses .... you still live.

 

SD

[wachtwoord]

4 minutes ago, SharperDingaan said:

The 'tops' thing .....  It's a casino folks. The house is ultimately going to win so long as you keep the accumulating pile of increasingly valuable chips on the table; you need to do systematic material withdrawals, and put the proceeds somewhere. London/Paris/New-York/Milan Grade-A real-estate!

 

No different to commodities; get your original investment back as soon you can, play with just the house money, and always keep the withdrawals in something useful/safe. The cycle reverses .... you still live.

 

SD

 

But Bitcoin is the "something useful/safe"

[TwoCitiesCapital]

6 hours ago, SharperDingaan said:

The 'tops' thing .....  It's a casino folks. The house is ultimately going to win so long as you keep the accumulating pile of increasingly valuable chips on the table; you need to do systematic material withdrawals, and put the proceeds somewhere. 

 

The history of Bitcoin thus far is those who've simply held, even through bear markets, have eventually outperformed basically every alternative. Sounds like Bitcoin holders are the house? 

 

5 hours ago, wachtwoord said:

 

But Bitcoin is the "something useful/safe"

 

You'd be hard pressed to find anything with a better 3-, 5-, or 10- year return profile or a better sharpe ratio. 

 

Seems pretty useful and safe to me as long as you have a sufficiently long time horizon....which is true of any "safe" stock as well.