Dohnjoe wrote: » Very strange bull run, reminds me much more of the early 2017 run rather than the insane late year one. The alts outside the top 25/50 haven't done much, just tagging along, will be interesting to see if they start to take off at some stage.
deathbomber wrote: » it feels good, real good, has been a rough couple of years :cool:
makeorbrake wrote: » BTC teaches us all to have low time preference. :cool:
grindle wrote: » One thing that comes up too rarely on the Bitcoin subs (but it does come up occasionally) - if BTC is challenging traditional money or markets in any reasonable way in the future, something very bad has happened and hyperinflation is on the cards if not already happening. Even if you're BTC rich in that instance, either something gravely bad has happened or Q.E. has become so much of a norm beyond what it already has that people are pushing spare money into a speculative asset as a safety feature for value - which we're all doing unless we're just degenerate gamblers *cough*. Great for people who've been buying earlier, worrying for the world at large.
makeorbrake wrote: » Beyond that, I'm a firm believer that inflation is a tax on the less well off (anyone who doesn't have assets)
Bob24 wrote: » I get what you mean, but I’d rather say it is a tax on savers which are not financially savvy (which is a majority of them).
Bob24 wrote: » While the less well off tend to do it less, you don’t actually need to be that wealthy to start putting some of your savings into gold, or Bitcoin, or even shares.
Bob24 wrote: » The main “problem” is that a large part of the population doesn’t fully understand inflation and allows themselves to be “taxed” by negative real rates (and of course no government has any incentive to explain it at school).
Bob24 wrote: » But I actually think it is slowly changing. While negative real rates have been a thing for a while and remained mostly unnoticed by the average person, the psychological impact of zero and negative *headlines* rates is causing more people to question what’s happening with their money.
makeorbrake wrote: » Your definition or mine - quite happy to use either. Bitcoin - yes, it's now an option - but not ideal for the purpose just yet until it settles. Gold - it's a lot less easy to get in and out of for the average joe. Shares - I guess so - but the vast majority of folks don't bother with this. Agree 100%. This is what governments exploit - and it's why its inequitable. This year has framed it perfectly. (ps. you're all waking up to BTC in the 22,000s - need to go get some kip. Keep her topped up - I don't want it a cent under 22k when I get up! )
UsBus wrote: » Anyone thinking about stop losses...? I always end up pricing it too close and a tiny correction picks me off and then shoots back up again. I want to let it run but don't want to miss a chance for profit.. As others have said it's rocketing now with some many piling in. It would make you wonder how badly traditional fiat is getting with this run..
Addison Fancy Macrame wrote: » I couldn't be arsed with trading but maybe you want to look at trailing stop losses.
Lex Luthor wrote: » if you have a youtube channel which is constantly getting strikes for mentioning certain words/phrases/topics and you have a big following, then I can see why this could benefit those, I'm not one so its not somewhere I'll be checking regularly but I have watched a stream or 2 on there so it wasnt an issue
Wombatman wrote: » Everything sold now. Going to sit back and wait for the next substantial correction. I expect BTC to be below 18k in the next 3 months. Last buy was in May 2019.
Addison Fancy Macrame wrote: » Would it not have made sense to keep buying from May 19 - November 20 while it was between 4 and 11k let alone 18k? May have been more fruitful than waiting on the next dip (which yes will likely happen).
Addison Fancy Macrame wrote: » Drafting my notice
Irish_rat wrote: » Its great to be in that position!
Grumpypants wrote: » I gave up trying to trade. On paper it looks good, if I sell here and buy there I'll make 20%. But as we saw today it only take one sale at a fake peak to eat into all the little gains you made. Just buy what you can afford and hold it. I've made way more that way and your nerves will thank you for it.
antgal23 wrote: » will hold for maybe three more years
unkel wrote: » That thought has been in my head increasingly so since early this year. The only way the world can overcome COVID financially is to QE itself out of it. I don't think we can even imagine the repercussions of that yet.
grindle wrote: » It still seems most don't know that money is just made up
