Dohnjoe wrote: » Seems to me Bitcoin SV's enormous rally on Craig's (false) news played a serious part. A significant volume went into the coin, then it took an immense jump (something we haven't seen a top cap coin do independently in the market in a long while) then various other alts started popping and the whole market started to (tentatively) move upwards. It also mirrors last year where there was a recovery just after Christmas (which later turned into a BTC run), so that would have helped sentiment It's the single most surprising thing I've seen since 2017 and wasn't expecting it in the slightest, and I follow this crap on an hourly basis. If it made me bullish on crap alts (I immediately bought some dog**** like BCD and BTG which then rocketed up) then it's understandable why the market took to it. BSV is as crap as you can get in the top 10. The BTC halving is coming and Eth 2.0, so it seemed to trigger the impending runs for those. Crypto is a flock of birds it can turn on practically nothing.
maninasia wrote: » I honestly think a big part is current crypto holders using defi to leverage up and buy more Eth against their current Eth holdings. That's what I did. I and many other never used defi till last month or two when a bunch of easy to use dapps launched and the market looked like it was on a slow and steady upswing with eth 2.0 and halving. And as the demand for dai borrowing increases, the rate goes up， thus attracting even more people to buy Eth and Maker and Dai to get the staking and deposit returns. You literally can't go wrong in the CURRENT market with a strong upswing. You either buy dai to get the interest when locking in deposit or your borrow dai against your eth (which helps going up in price) , which allows you to borrow more Dai to buy yet more Eth.... And yes I'm very aware that there's a risk there where the collateral depreciates at the same rate as the borrowiing or more. Now it's an upward curve so everything is rosy. I wouldn't use defi late in the Cycle for longs.
JJJJNR wrote: » Alt season is here, huge gains in the last 24hrs with one bag hitting 84%, hope it continues.
Thargor wrote: » Printed?
tcawley29 wrote: » My stupid alt still isn't missing... damn one harmony. Really hoping someone starts a p&d on it at this stage. I've lost so much on it I cannot sell it but a little p&d might bring me back to where I bought in. If that happened I'd go for eth and ltc and let that sit I think
Dohnjoe wrote: » ATH was around $0.030 correct? seems to be currently $0.007 That's not too bad, most alts are still down 90% on ATH or more. I'd sit on it and wait.
tcawley29 wrote: » Oh absolutely. It would be lunacy to sell it now. I'll just have to wait this one out. Either people will get their faith back and invest or someone will have a pump and dump. As long as I get rid of it at a decent price I'm happy enough
maninasia wrote: » I've made great gains over the last month and not told a single person . That's what two plus years of a horrendous crypto winter and egg on Face will do to a person ! Not one soul in real life. That's how volatile this space and how many times I've been burnt.
JJJJNR wrote: » Planning the exit strategy now from crypto there's too much uncertainty about and with the market somewhat up it might be best to cash out soon. It's been a fun 2 years lads.
Addison Fancy Macrame wrote: » Can’t believe people are selling, still buying every Friday here. Can’t get enough Bitcoin.
jimmii wrote: » Chainlink ... who tf knows!
jimmii wrote: » If there weren't sellers you wouldn't be able to buy! I think theres another of people who just look to buy under 10 and sell over 10 and then rinse and repeat.
Lex Luthor wrote: » Cashing out of crypto now , imo I think you'd be mad but everyone has their reasons I'm working on my exit strategy for all my holdings and as I dont need the money right now and hope to stick to it Not an easy thing to do as its hard to predict what prices and what percentages to cash out to, but I'm basing it on an overall amount and see what happens Few trades in between every now and again to keep my eye on the market
Grumpypants wrote: » This is the best bit. ETH has been seriously undervalued for months, should be closer to 500-600. I'd expect it to grow a bit more and then swing into Bitcoin and boost that.
themossinator wrote: » dollar cost averaging?
unkel wrote: » If you are getting more fiat out than you ever paid in, then why not? A profit is a profit. I do it all the time with "real" shares. Sell when I hit my profit target, might be as modest as 10%. Even if you are selling at a loss, the certainty of the loss might be preferable over an unknown but possibly far bigger loss in future. I was tempted a few months ago when I temporarily was overall in the black in crypto (for the first time in years). But I'll HODL on for the moment. In fact I'm doing a lot more than just holding as my coinage is increasing through mining, and mostly through masternoding.
Arrival wrote: » Crazy to me that anyone would consider getting out now when things seem to finally be heating back up after the bear market over the last couple of years, the halving is in a couple of months and the months/year following this should be very exciting
