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
Ping
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.
One of the many reasons d’etre for precious-metals-backed crypto is to get innocent folks OUT of BTC (and other unregulated crypto). BTC is being *driven* to $0. Like, to the point where it cannot be bought or sold. Society as a whole is moving to a regulated metals-backed financial system. It’s called NESARA here in the USA (GESARA elsewhere). Internally, Quantum Financial System (QFS) replaces the current SWIFT fiat system.
The reason for all this is to take down the Deep State Cabal and Banksters behind the fiat currencies and central banks behind a great deal of world mayhem. BTC is a creation of the CIA and others for the purpose of hiding evil. Granted, it helped them hide it by having good folks too buy and sell and transact with it.
My .02c (and many others) is to use these last opportunities to get the hell out of it. Move your money to metals-backed cryptos (I’ve posted a list I’ve seen), or metals themselves (Silver having the most upside), or your local bank (avoid Glowbull banks like BOA; use a state bank), or real estate even.
Your mattress is probably a better bet than BTC.