Posted on 04/23/2021 1:11:18 AM PDT by FRinCanada2
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Update on this thread due to being suspended for posting this in Breaking News.
I certainly defer to the admins on FR to remove content from the sidebar that FR seems “not breaking news”. When multiple media sources started reporting that BTC was in free fall I started to BUY BUY BUY as the sell off continued I started to get nervous and thought FR would consider the double digit downward spiral was breaking news.
I resisted the temptation to SELL at significant loss and now I am sitting quite nicely and cashed in some of the short term gains from my decision to BUY BUY BUY during the sell off.
Just curious if others did the same
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Why are you pinging a story that’s a week old? If you put money into Bitcoin that you could not afford to lose, shame on you.
Pull up your big boy pants and get on with life. Come back in a year and see how it’s doing.
Thanks for the unsolicited investment advice. We must not ignore the political aspect of cyber currencies at the worldwide economic impact. Agreed ?
You are jumping into an investment that makes you nervous. 20-30% drops are “normal” in crypto.
Since it’s an international investment, different countries are going to regulate differently.
?...
Did you see this? Bitcoin vs. Gold debate. Personally I think it’s not one or the other as most people say. It’s both.
Anyhow, check this debate out from Stansberry.
I think I will post periodic updates and just curious if others on this thread choose to BUY when there are double digit DOWNS and SELL a little when there are double digit GAINS
Another big drop in Cyber Currency this weekend. Not sure what to attribute it to but as usual as the price drops I tend to BUY BUY BUY as the price plummets thus increasing the volume of “coins” I own —. Unless I understand WHY the price drops so much so quickly my guess is that in a few days/weeks that the prices will go back UP to at least the trading average price over the past year or maybe even hit a new HIGH before settling back to the average +/- 10% or so
What say you ?
R
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My Coinbase portfolio has dropped from $24 to $11 and I’m still not selling.
When you look at the markets hour by hour, day to day, week to week it will drive anyone crazy.
Whenever I have doubt I zoom out on the time line, and you can easily see why it is a good investment. Thus, when in doubt zoom out.
The price charts I look at are coins at 6 months and longer. I actually have a good technique to picking out the winning coins. It works very well I would say 75% of the time.
Anyhow, when the market is down (red) I buy, buy, buy.
When the market is up (green) I hold or sell. If I really want to buy to pump a coin, then at most I will spend $100.
Any coin that I hold after a year or more, if it’s still down, and I am not happy with its progress. Then I will swap it out for a cheaper coin that I think has more potential. I do this because since it’s a loss there are no Capital gains. Plus it gives me more of the new coins.
This past year I did that. I had purchased a lot of Basic Attention Token 2 years ago, and it was not doing well. Anyway, I had purchased Cardano at .05 cents and once it doubled. I went ahead and made a move. Although the move took me an extra 48 hours (moving it out of the Coinbase vault and moving it to Uphold), and the price shot up to .35 cents when I finally did the big swap. The good news was the price kept rising. So it all worked out.
I have a big bag of Cardano now. Very happy with it.
This is the time to buy
It’s certainly better to buy crypto when it’s on sale.
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