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  1. #5951
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    Quote Originally Posted by shera View Post
    Well I just bought more link with my eth mining returns. I'm doing it because that's the plan and I know that it can be hard to buy low and then lower and then lower. My COIN stock is finally in profit after the months that I was averaging down.

    But this link thing, gah, have you seen the chart?

    Please give me a dose of hopium, I am in need.
    You're probably aware of this already, but general sentiment is that alts gonna take a beating for some time while money flows into BTC. Of course, everyone is also expecting money to flow from BTC -> ETH -> big caps -> small caps after BTC consolidates or tops. But since everyone is expecting it...maybe don't.

    FWIW, whenever I'm feeling anxious about a trade I usually scale out (or in) about 10% at a time. That helps buffer decision making and cuts down on fomo/regret. Tax implications are something to consider as well. After being way up this tax year, I've been ok with cutting some losers before I might have otherwise, to bring down my Uncle Sam bill, which is going to be absolutely brutal. Long-term versus short-term cap gains also impact decision/timing.

  2. #5952
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    Yeah everything you say is legit. I just need somebody/anybody else to say they see the value in link like I do.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  3. #5953
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    Quote Originally Posted by byates1 View Post
    roll it all into btc and watch it double in the next few months!
    My strict btc plan is going very well, thank you! I do wonder how we will react at 100k and whether we will really go sky high next year...opinions on that?
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  4. #5954
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    Quote Originally Posted by shera View Post
    My strict btc plan is going very well, thank you! I do wonder how we will react at 100k and whether we will really go sky high next year...opinions on that?
    Could def see us getting to 100 followed by a huge drop to 70ish when everyone will scream it's over again. Then it will melt faces and rip to 150-200+ on the final parabolic move.

    Of course that's not financial advice. And a lot will have to go right wrt overall macro picture beyond BTC for that to happen.

  5. #5955
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    Quote Originally Posted by shera View Post
    I just need somebody/anybody else to say they see the value in link like I do.
    Well, that is a interesting position for one to take and base fiscal decisions upon...

    Ok, I'll act as a placeholder: I see value in link, just like you.

    I don't know what you "gained" from my "insight", truth to be told, as I am not a clairvoyant.
    Neither is anyone else, afaik.





    "That loaded slope looks safe. Tell me it is safe and I'll send it."

    The floggings will continue until morale improves.

  6. #5956
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    I have mixed feelings about your response. While I agree that everyone needs to make their own financial decisions, these are networks with network effects and not at all like bc skiing in that regard. Well maybe you could consider that a factor in slope safety is skier traffic.

    Anyway, I was a little tongue in cheek, I'm not changing my link plan based on anything you say.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  7. #5957
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    Show me a more adopted and ubiquitous oracle and I'll sell my linkies.

    https://cryptobriefing.com/chainlink...ew-bull-rally/
    Is it radix panax notoginseng? - splat

  8. #5958
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    Quote Originally Posted by stalefish3169 View Post
    Could def see us getting to 100 followed by a huge drop to 70ish when everyone will scream it's over again. Then it will melt faces and rip to 150-200+ on the final parabolic move.

    Of course that's not financial advice. And a lot will have to go right wrt overall macro picture beyond BTC for that to happen.
    What happens after the final parabolic move? Didn't know there was an endgame theory here. Stabilizes at 150k-200k?

    Honestly asking...

  9. #5959
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    Quote Originally Posted by CovertM View Post
    What happens after the final parabolic move? Didn't know there was an endgame theory here. Stabilizes at 150k-200k?

    Honestly asking...
    So it is important to know that BTC has thus far followed approximately 4 year price cycles, largely due to the miner rewards getting cut in half at that frequency. Each cycle so far has had less volatility. Many, including myself believe that in addition to less volatility, the cycles are becoming longer. Should we see a parabolic run with a blow-off top, similar to previous ones, I suspect there will be a large selloff, though maybe closer to 50% than 80%? But short answer is nobody really knows.

    I think after the 2013 top and Mt. Gox hack there was a much greater chance that BTC could've faded off to live alongside Beanie Babies and Pets.com. After 2017, there was a lesser chance of that happening, but still significantly greater than zero. At this point I don't think there's much of an argument that crypto is here to stay in some form or another. I think institutions will have a large share of crypto after this run that they'll be happy to sell to plebs, after they worked very hard to shake them out on the way up. So one scenario is that the man won't want to stomach such a huge drop which will mitigate price droppage. We'll see, I suppose.

  10. #5960
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    Quote Originally Posted by CovertM View Post
    What happens after the final parabolic move? Didn't know there was an endgame theory here. Stabilizes at 150k-200k?

    Honestly asking...
    Is it radix panax notoginseng? - splat

  11. #5961
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    ^lol. but truth. listen to the stock to flow guy. stale and i pretty much have the same outlook. it'll run hard, pull back, be over for a while and run hard again, generally speaking. 2024 next halving. although the more btc is adopted the more stable it becomes and as the price increases to reflect a real global store of value, the 50/80% swings should dissipate.

    knocking on ATH right now. i'm taking 4 months off this season, and every season after, but may stop working a month earlier if btc just goes banana's.

    why work when i can drive around the country skiing every day! thx btc!

    converted paper into s african gold today!

    Click image for larger version. 

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  12. #5962
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    Quote Originally Posted by byates1 View Post
    ^lol. but truth. listen to the stock to flow guy. stale and i pretty much have the same outlook. it'll run hard, pull back, be over for a while and run hard again, generally speaking. 2024 next halving. although the more btc is adopted the more stable it becomes and as the price increases to reflect a real global store of value, the 50/80% swings should dissipate.

    knocking on ATH right now. i'm taking 4 months off this season, and every season after, but may stop working a month earlier if btc just goes banana's.

    why work when i can drive around the country skiing every day! thx btc!

    converted paper into s african gold today!

    Click image for larger version. 

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Views:	59 
Size:	1.14 MB 
ID:	389588
    Nice - I like your style!

  13. #5963
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    What stale and byates said. BTC in particular has followed that pattern for a while. When the Chinese regulation knocked price back (but not down for the count) it increased my conviction that the up cycle was back therefore my conviction to buy more.

    I'm actually surprised there's not been a bit of a shorter term pullback. BTC has run very fast in the last while.

    I do also feel that after BTC spikes past its previous highs it'll also fall back into the new range and alt coins will then get back into favour. To that end I'm looking into more pure tech blockchain enablers such as Sol, AvX, XRP, Card/ADA. But that's later.

  14. #5964
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    LLLLFFFFFGGGGG!Name:  Screenshot_20211020-070121.jpeg
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    Sent from my Pixel 3 XL using TGR Forums mobile app

  15. #5965
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    Oh baby!
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  16. #5966
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    Preston psych just released a podcast with planB. Really enjoyable
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  17. #5967
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    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  18. #5968
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    Hey BTC. Congrats. Welcome to new price discovery mode.

    Keep taking over the world. Nice job!

  19. #5969
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    Quote Originally Posted by shera View Post
    Preston psych just released a podcast with planB. Really enjoyable
    Nice! I will take a listen. Listening to Preston a few days back calling out Cuban for shilling DOGE on Ellen was very satisfying.

  20. #5970
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    To mitigate understandable exuberance here is a bear side article re crypto

    https://nymag.com/intelligencer/2021...-a-bubble.html

  21. #5971
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    Quote Originally Posted by byates1 View Post
    although the more btc is adopted the more stable it becomes and as the price increases to reflect a real global store of value, the 50/80% swings should dissipate.
    In spite of hitting new highs of $66K Bitcoin is just as volatile today as when it was worth $6,600, or $660, or $66. Bitcoin's price does not become less volatile as adoption grows:

    https://www.buybitcoinworldwide.com/volatility-index/


    Quote Originally Posted by LeeLau View Post
    To mitigate understandable exuberance here is a bear side article re crypto

    https://nymag.com/intelligencer/2021...-a-bubble.html
    For all the talk about cycles what gets left out is the pandemic resulting in a flood of fiat liquidity, “Crypto people think it’s an antidote to central-bank bubbles, but it has actually become a symptom,”

    So the big unanswered question, in spite of many folks assuming BTC is an inflation hedge, is what happens when reserve banks began tapering and liquidity is taken out of the system. Because instead of a cycle, that's perhaps the main contributer to crypto winters in the past.

  22. #5972
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    I am guessing we will have another 80% drawdown.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  23. #5973
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    From 500k to 100k, hahahaha.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  24. #5974
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    Also a special shout-out to pure gravity for taking time away from his important gondola cable research to help get BTC down to 30k.

  25. #5975
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    I bought BABA today. Lyn Alden tweeted about Chinese stocks.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

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