I believe BTC will fall further, and will come back to the levels it used to trade and further. It’s a classic pump and dump scheme, which keep happening over and over. Around at 23,000, I’d start buying again.
Interesting!
Could I get some good sources to learn cryptocurrency. I know absolutely nothing about it. So basically newbie sources to learn would be appreciated.
Thank you.
I was buying little bits of bitcoin back when it was around 15k. Cost averaging in and eventually sold it when bitcoin was around 60k. I knew the bubble was gonna pop. Did the same with Etherium from 500-2000 or wherever it ended up. Not the perfect top but darn close. I sold ETH may 4.
Anyhow I’m waiting for things to bottom out. I suspect one of two things will happen:
Bitcoin will just die off (not likely but it is possible that people get wise to how it always crashes)
Or we slide sideways and down to 10k maybe for a while.
I’m no expert these are just my feelings. And I trust them since I timed both tops pretty well
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@SargeMaximus I personally consider BTC and ETH to be the two long-term holds. BTC as a store of value and ETH for the functionality it provides through the Ethereum network which powers a variety of other coins. In addition I have found that I can earn interest on both of these big coins through a few sites. (see my comment above for links with special referral bonuses.)
If anything, BTC may be used as an inflationary hedge, and now is a good time to buy in. Probably not all at once, because as you said it could drop significantly again. So set those limits and average down!
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BTC and ETH are objectively inferior technologies compared to other cryptos especially when it comes to speed and scalability, but I think they still will do well over time from their first mover advantage. Could go into my thoughts more on this but will leave it at that for now.
But yes there are platforms you can earn interest like Nexo, Celsius, Blockfi, etc. A good amount of coins are Proof of Stake instead of PoW. This lets you stake your coins and earn an APY. For example, $ZIL gives you about 14% APY currently.
I would honestly hold anything besides USD at this point. I was telling my family about this months go, but inflation has finally become a mainstream topic. Prices here have shot up. And I don’t see that trend stopping. The money printer machine doesn’t seem to be ending anytime soon, especially since they are actively deflecting the causes of inflation to everything other than the fact that, IIRC, ~>30% of the entire circulating supply of USD was created just in the last year. Yup. And they keep printing trillions more. Gold, silver, crypto, land, euros (edit: forget what i said about euros, i’m staying away from all fiat), literally anything but USD for me. Learning how to grow your own food would be smart since a lot of big farmers in Cali are unable to grow or farm at all this summer because they missed their rainy season. These farmers who are having issues are responsible for a huge percentage of US produce/livestock. Also I don’t trust the stock market at all long term, but because of this inflation machine it has no one where to go but up. Until it can’t anymore.
And for anyone letting their emotions spook them due to short term price action, understand that everything you see is intentional. Human psychology is predictable. Whales know this and have been doing this forever. Every market is manipulated: stocks, crypto, precious metals, housing, etc. Here’s one recent, tangible example: https://www.nasdaq.com/articles/jpmorgan-to-pay-%24920-mln-fine-for-manipulating-precious-metals-treasury-market-2020-09-29
Ask yourself, have the fundamentals and research I’ve done been invalidated just because the price went down?
Not financial advice. Just my opinions. Dyor and verify.
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If anything, get yourself some Cardano’s I’m sensing these we’ll grandiosely skyrocket over the upcoming months.
Not financial advice just intuition. Kusama and Polkadot are also worth looking into.
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Funnily enough, I got into Cardano at .16 based solely off intuition. I took my profits not too long ago to invest in what I see as a very strong and imo extremely undervalued passive income opportunity. Although Cardano does let you stake at an almost 7% APY in some pools.
I also think all will do well like you’re saying. Wasn’t easy selling my ADA as I felt the same feeling that it’ll explode. It was just a lot of juggling the opportunity costs.
I don’t believe bitcoin is a store of value. She’s a pump and dump
What do you guys think about chainlink and uniswap?
Anytime this becomes the mainstream thought again, it pumps to new heights.
So yes “I agree” 
Also about the store if value, just read up how it works, and you’ll be quickly convinced. It stores more value than FIAT virtually by design.
If it were a store of value it wouldn’t be crashing when the stock market crashed.
I’ve watched tons of YouTube videos on it. I used to believe as you did but when we had that big correction this year, bitcoin didn’t preserve its value, it also crashed it was then that I knew and was able to exit on its next pump which I correctly knew was a bull trap.
My next move is diversifying into precious metals as a hedge. Many speculate silver is the most undervalued asset on the planet. All my recent digging is convincing me of the same. Will try to be crafty but I’d like to put 10% of my portfolio in silver and some gold. Most of my crypto will be untouched. Either way, IMO, holding more fiat than one absolutely needs is seriously insane. Inflation will continue to devalue fiat at breakneck speeds, all while the majority of people are being gaslit to no end. “it’s just transitory, temprorary, we’re just getting back to normal” absolutely comical. If you don’t think such dramatic changes to a currency are possible, I suggest you read up on the Weimar Republic and the Zimbabwean dollar.
There are early warning signs happening right now. Actually, early warning signs isn’t even an accurate term cause I’m sure the majority of people are seeing how much prices have already shot up in a short period of time. Yet we are told “nothing to see here”. It’s literally takes the most basic understanding of economics to understand that when free money is being printed out of thin air, (in this case, trillions with no end in sight) the value of said money will decrease. I’ll say this one more time, ~>30% of the current circulating supply of USD that was ever in existence… was created in the past year. Please let that marinate.
Went on a little rant lol. I am actually super calm and relaxed about this whole situation despite any perceived tone. But I feel a sense of urgency.
I believe even more so now, that the current situation is bullish for bitcoin but especially precious metals. That’s only my opinion though. Instead of bitcoin, I will be going the precious metals route since I have a variety of other cryptos that are, for the moment at least, coupled with bitcoin.
Not financial advice. No one has to believe a word I said, these are just my own opinions.
p.s. fun little website to check out https://usdebtclock.org/
the dollar to gold and dollar to silver ratio is what had me like “oh shit” and got me thinking
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Nice, a fellow stacker 
I have a few ounces I picked up back when it was $24 an ounce. Also have some physical platinum. Commodities are where the money will rotate into imo
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I think a lot of people, me included, have been duped into not believing in PMs due to decades of paper metal derivatives manipulation suppressing the price. Well, Basel III is coming this month… (edit: soon. full implementation got pushed to jan 1 2022 I believe.) Iykyk 
I was thinking about platinum as well but need to get my feet wet with silver and gold first. I’ve actually been hearing a lot about commodities from the same sources that grabbed my attention about PMs. Crude oil is soaring. I believe commodities, PMs, and utility cryptos will be protection from the tomfoolery going on. Not financial advice
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Yeah oil is by far my best rn. Some of my oil stocks up over 40-50% from where I bought them. Also uranium but its very volatile.
I’m a long term holder so it doesn’t matter tho
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Does anyone know of a good app that can track crypto investments?
i.e
on 21-06 I buy €200 ETH - 1 ETH = 1649.4 EUR
on 26-05 I buy €250 ETH - 1 ETH = 2362.1 EUR
How can I see how much profit I make if I sell the investment of 26-05 (€250)?
I do it in excel
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Im SO glad I sold all my btc once it was around 60k. Looks like it will keep going lower too. Waiting for a bottoming out before I go back in
You’ll get your chance in Q3
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