Holding on from the early days is some serious diamond hands, I remember reading about it back in the day thinking it would never take of (full disclosure, I never thought internet banking would take of). Personally, if I bought in the early days for a single digits I think I would have cashed out before it hit triple digits let alone the groin wrecking later amounts.
Kind of diamond hands? I dunno, I remember trying to recover the wallet during the first 4 digit boom and missing out on most of it (partly because online exchanges were non-existant then). Good luck I guess. I remember my dad making the point that I should just hold it as in the grand scheme of things I put very little in and markets tend to go up. So that's what I've done, I largely ignore BTC beyond how it affects the market and hopefully I'll end up with something to retire on before hitting 50. I did sell quite a lot in 2017 when it hit $2000 because I needed the cash and had no idea if that was the ceiling or not (turns out not).
There's so many stories of people throwing out old hard drives and stuff from early days of mining and they'd be sitting on tens of millions. I feel for them, they were the true early adopters.
Eth continues to look strong, recovering well from each pull back. Next one to go surely?
I have a cousin who years ago, did a lot of work with a charity that helped those with physical handicaps. He was particularly close to one guy , getting to know him well over the years. He sadly passed away a few years back. My cousin is convinced that he had a lot of Bitcoin as he constantly talked about it. He has tried in vain to access it, going through all his old computers etc. His guy works for a large multinational and has plenty of contacts in the IT programming side of things. No joy.
He is still very friendly with his family and he wants to get it for them. Sad really.
Really it's the modern version of an old farmer dying having loads of cash stashed somewhere and never telling anyone about it.
God bless Render.
Got in at around 25cent. Took a punt at with 1K.
BTC ATH incoming
70K BTC
And rejected again. Back to $67k. 😀
Each rebound will get smaller and smaller then there'll be a big FOMO pile-in when pushing for 80k+
Sold another 10%
I recall reading some of your posts when it was sitting around 16k calling for another crash to 12k or lower and how you were waiting to buy, oddly perma bearish for anyone actively buying this stuff. With all that waiting around I'm surprised you have anything to sell. I'm guessing you have your buys ready to execute at 71k because you must know as well as anyone that in the next few weeks if the break out does occur you could be left a long way behind very quickly. Do you genuinely believe this is going to collapse 40% to make it worth your while paying CGT on it now?
EDIT: And just to clarify, 40% is the minimum decline I would consider remotely acceptable for realising the 33% tax
I genuinely did believe it would hit a lower low than we get. Sure look we didn't.i was buying, not enough, but I was buying.
I think we're near the top for this year. We'll dump 50%, and then smash ATH again. I'm bullish on BTC, just not coming into the summer.
Yeah I was hoping for a 12k dip too, I just done my usual alts DCA during that time. It's hard to tell what will happen this year, if the ETFs are starting to get momentum then I would expect SOL/ETH/Whatever else bundles to start getting put together.
You should work out the maths on that.
Let me give you an example scenario. Two people buy in the same amount at 15k. It later hits 75k.
Person 'A' sells at 75k and pays their CGT. Buys back in with the net proceeds after a 20% drop to 60k.
Person 'B' "hodls".
If nobody makes any further changes, at what later price do you think that B becomes better off (either on paper or they both cash out at the same time) than A?
Interesting that you think that we are near the top before the halving which historically has never happened. Not once. If you aren't bullish coming into a summer where interest rates are dropping, etfs are buying and the halving around the corner then I don't understand how you could ever be bullish.
For the record as I think it's important. The Etf's own 4% of all available Bitcoin after less than 40 days. It's only the start.
Interest rates dropping is not a bullish sign.
It is actually in my opinion , people want a return on their money so go looking for riskier assets which will give them that return. Also more money sloshing around as people borrow money
It's an indication of a weakening economy. Not bullish. If the economy is strong with high interest rates, they will leave them high
Not necessarily, interest rates in Switzerland for example have been low or even negative for a decade. Hardly a weakening economy though I confess an exception.
When the fiat money tap is turned on everyone gets their some of the share via some kind of stimulus. Anyone who is comfortable invests that money. We saw this during covid. Down the line however the payment will be due and is generally paid via inflation and tightening again of the taps.
Weakening economy is strengthend through stimulus which will also flow into crypto.
Broken record here but... Jesus Christ Fetch
It keeps on giving, probably worth having a look now at some of the smaller cap AI tokens too
Kamino finance airdrop next month. Wormhole airdrop this/next month. These are current 5-10k each. Add the Pyth airdrop last month. Ridiculous free money being made. I’ll be dumping a half and buying back when they dump after the airdrops.
Edit: Be careful with links, don’t just take the first one from google, there will be loads of scams about.
If I had any clue of sleepers I'd have them posted.
Not an iota
Crypto market be like:
Saylor is sometimes a little hyperbolic but this is a decent interview....
Did anyone else read the article by McWilliams in yesterday's IT? https://www.irishtimes.com/opinion/2024/03/09/david-mcwilliams-bitcoins-real-value-is-based-on-the-greater-fool-theory/
It's dreadful stuff.. full of lazy analysis, cliches and inaccuracies. He seems to have totally forgotten the interview he did with Saylor a while ago where he seemed to have accepted BTC as an asset rather than a currency.
Subscription only article, possibly against the rules, but any chance of sharing some of the text from the article?
Not worth the time reading, btc bad, no value sums it up, feels like he's picked paragraphs from other places
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