Bearcat-Doug | 5,104 Posted April 10, 2021 Share Posted April 10, 2021 Bitcoin hit $61k overnight, but it looks like it's leveling out around $60k. Hopefully this is a good sign going into next week. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted April 10, 2021 Share Posted April 10, 2021 14 minutes ago, Bearcat-Doug said: Bitcoin hit $61k overnight, but it looks like it's leveling out around $60k. Hopefully this is a good sign going into next week. Me too. Bought the dip on RIOT friday. Really wishing I would have picked up more instead of GME. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted April 10, 2021 Share Posted April 10, 2021 1 hour ago, Californication said: Me too. Bought the dip on RIOT friday. Really wishing I would have picked up more instead of GME. Is GME still a thing? I haven't paid much attention recently. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted April 10, 2021 Share Posted April 10, 2021 40 minutes ago, Bearcat-Doug said: Is GME still a thing? I haven't paid much attention recently. The last couple times it had big declines there was a quick push back up. This time the drop was large, but the volume relatively low and the IV more stable. I'm hoping there is a nice bounce, but I'm a little nervous. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted April 10, 2021 Share Posted April 10, 2021 24 minutes ago, Californication said: The last couple times it had big declines there was a quick push back up. This time the drop was large, but the volume relatively low and the IV more stable. I'm hoping there is a nice bounce, but I'm a little nervous. It seems like bitcoin has been that way recently. I'm fairly satisfied with what I've got in it, so I'll probably just sit back and watch for any major dips before doing any more buying. Link to comment Share on other sites More sharing options...
Code Monkey | 2,005 Posted April 10, 2021 Share Posted April 10, 2021 Waves and Ripple are crushing it lately, they've gone up 100%. I think I'm going to cash out of those today and push the profits into something that's way down. Link to comment Share on other sites More sharing options...
Link | 2,708 Posted April 10, 2021 Share Posted April 10, 2021 2 1 Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted April 12, 2021 Share Posted April 12, 2021 BTC has really stabilized nicely. I'd love to see it drop but I'm just doing DCA now, buying more every week. I'd like to get around 1 BTC and 5-10 ETH. I'm also holding a decent amount of Cardano and plan to get some Ripple and Polka Dot. The rest of my cash is parked in USDC which gets 9% interest on Voyager. Just waiting for a big drop to get in at better prices. Link to comment Share on other sites More sharing options...
Code Monkey | 2,005 Posted April 12, 2021 Share Posted April 12, 2021 4 hours ago, DoctorEncore said: BTC has really stabilized nicely. I'd love to see it drop but I'm just doing DCA now, buying more every week. I'd like to get around 1 BTC and 5-10 ETH. I'm also holding a decent amount of Cardano and plan to get some Ripple and Polka Dot. The rest of my cash is parked in USDC which gets 9% interest on Voyager. Just waiting for a big drop to get in at better prices. You can get 12% interest just staking your coins on some platforms. I just bought a pile of Ripple for 60 cents and sold it for $1.31. I almost guessed the peak correctly but it did go a little higher after I sold. Looks like TRX is making a run now, you can easily make a few hundred dollars buying it now and selling tomorrow. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted April 12, 2021 Share Posted April 12, 2021 The Simpsons predicted bitcoin is going to infinity. GME is going to go up 1 trillion dollars before immediately dropping 2 trillion. This is not financial advice. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted April 12, 2021 Share Posted April 12, 2021 9 hours ago, DoctorEncore said: BTC has really stabilized nicely. I'd love to see it drop but I'm just doing DCA now, buying more every week. I'd like to get around 1 BTC and 5-10 ETH. I'm also holding a decent amount of Cardano and plan to get some Ripple and Polka Dot. The rest of my cash is parked in USDC which gets 9% interest on Voyager. Just waiting for a big drop to get in at better prices. Do you plan to keep buying when you get to those numbers or will you ride it out for awhile? Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted April 12, 2021 Share Posted April 12, 2021 49 minutes ago, Bearcat-Doug said: Do you plan to keep buying when you get to those numbers or will you ride it out for awhile? I'll probably stop buying those major coins at that point and just put a little into alt coins here and there. I don't want to get too heavily invested in crypto since there is still some long term uncertainty. We don't really know how it's going to react to major economies/countries introducing their own digital currency. My goal is about 5% of my portfolio, maybe 10% if things start to look more solid long term. Stocks have at least been around long enough that I know generally how they will behave over the next thirty years. I don't want to risk my retirement on something so new. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted April 12, 2021 Share Posted April 12, 2021 39 minutes ago, DoctorEncore said: I'll probably stop buying those major coins at that point and just put a little into alt coins here and there. I don't want to get too heavily invested in crypto since there is still some long term uncertainty. We don't really know how it's going to react to major economies/countries introducing their own digital currency. My goal is about 5% of my portfolio, maybe 10% if things start to look more solid long term. Stocks have at least been around long enough that I know generally how they will behave over the next thirty years. I don't want to risk my retirement on something so new. I had planned on taking a break when I got to 1.5 bitcoin, but I added a bit more on the first of this month. I'll probably let it run over the summer and see where it stands in the fall. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted April 13, 2021 Share Posted April 13, 2021 Bitcoin hit a new ATH of $63.2k already this morning. It will be interesting to see if it takes off this week. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted April 14, 2021 Share Posted April 14, 2021 (edited) 13 hours ago, Bearcat-Doug said: Bitcoin hit a new ATH of $63.2k already this morning. It will be interesting to see if it takes off this week. It's all the Coinbase DPO hype. I'm thinking a new high of 65k since people like round numbers then a pullback of 5-10%. It's definitely moving the floor with the ceiling. It's going to take a big event to knock it way down at this point. I'm moving more into Ethereum and other alt coins now. Ethereum should continue to rise nicely as they add in burning. A lot of people are excited about Cardano although the supply is way too high for my liking. Edited April 14, 2021 by DoctorEncore Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted April 14, 2021 Share Posted April 14, 2021 (edited) They way riot lags bitcoin makes it easy to trade. This morning it was 8% premarket because btc was over 60K, it dropped to 3% ahead so I bought in and am holding. Was a good day. Edited April 14, 2021 by Californication Link to comment Share on other sites More sharing options...
Code Monkey | 2,005 Posted April 14, 2021 Share Posted April 14, 2021 I'm not sure why anyone is buying Bitcoin at this point, it'll only go up 2% - 3% while other coins are going up 20% - 30%. I bought Ripple for 60 cents last week and sold it today for $1.85. I bought TRX last week for 11 cents and sold it today for 15.5 cents. The return is way higher on other coins. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted April 14, 2021 Share Posted April 14, 2021 1 hour ago, Californication said: They way riot lags bitcoin makes it easy to trade. This morning it was 8% premarket because btc was over 60K, it dropped to 3% ahead so I bought in and am holding. Was a good day. I was pretty sure Tesla and Square were both going to have a great week since they are the most prominent crypto-adjacent companies on the market. So far that is playing out as expected. The nice thing about 24/7 crypto trading is that it gives you some info about the market the next day. 4 minutes ago, Code Monkey said: I'm not sure why anyone is buying Bitcoin at this point, it'll only go up 2% - 3% while other coins are going up 20% - 30%. I bought Ripple for 60 cents last week and sold it today for $1.85. I bought TRX last week for 11 cents and sold it today for 15.5 cents. The return is way higher on other coins. That's like saying you can make more money trading penny stocks than Apple, so why would anyone buy Apple? You buy Apple and Bitcoin to hold until retirement. You buy Tron to make a quick buck. If you put $10,000 into Apple or Bitcoin, over the course of a year it's probably going to maintain that value or go up. If you put $10,000 into Tron, you better be prepared to lose $1,000 while you're making a quick trip to the bathroom. Reading the ups and downs in crypto is even harder than stocks since crypto doesn't have traditional analytic metrics to help you make smart decisions. I'm not telling you what to do, but I do hope you realize there will be a pullback in the crypto space at some point and you probably won't be able to predict it. 3 Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted April 14, 2021 Share Posted April 14, 2021 7 hours ago, DoctorEncore said: I was pretty sure Tesla and Square were both going to have a great week since they are the most prominent crypto-adjacent companies on the market. So far that is playing out as expected. The nice thing about 24/7 crypto trading is that it gives you some info about the market the next day. What is your theory on the correlation between tesla and crypto? Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted April 14, 2021 Share Posted April 14, 2021 10 hours ago, DoctorEncore said: It's all the Coinbase DPO hype. I'm thinking a new high of 65k since people like round numbers then a pullback of 5-10%. It's definitely moving the floor with the ceiling. It's going to take a big event to knock it way down at this point. I'm moving more into Ethereum and other alt coins now. Ethereum should continue to rise nicely as they add in burning. A lot of people are excited about Cardano although the supply is way too high for my liking. I just stick to bitcoin as a long term hold, so I'm probably going to watch the price action over the next few months. I got most of my 1.61 BTC under $15k, so I don't have a lot of incentive to add to it at $64k. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted April 14, 2021 Share Posted April 14, 2021 I'm not sure if bitcoin will hit $65k today. It already got rejected once at $64.9k and now there's some heavy sale volume building between $64.5-$64.9k keeping it down. Link to comment Share on other sites More sharing options...
Hammerfestus | 3,820 Posted April 14, 2021 Share Posted April 14, 2021 I’ve got a handful of ETC I’ve now nearly doubled my money on. Was looking to dump it at 25 yesterday but I just missed the brief window. Today I’m not so sure that’s the right call Link to comment Share on other sites More sharing options...
RegularGuyGamer | 2,011 Posted April 15, 2021 Share Posted April 15, 2021 Doge is up big again Link to comment Share on other sites More sharing options...
Hammerfestus | 3,820 Posted April 15, 2021 Share Posted April 15, 2021 Oh wow. Im glad I didn’t do the thing yesterday I said I wanted to do. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted April 15, 2021 Share Posted April 15, 2021 2 hours ago, Hammerfestus said: Oh wow. Im glad I didn’t do the thing yesterday I said I wanted to do. Did you end up selling it today? Link to comment Share on other sites More sharing options...
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