Long term crypto holds

One thing to keep in mind is this.
Most of you fellows are new to crypto and this is your first go around.
Almost every alt coin is shit.
Can you make money on them? Absolutely.
Over time though most of them won’t be good long term holds

junk like XRP for example. If you bought the old all time high you would still be under water. If you bought btc at the top of previous bull market you would still be in profits.

I can’t count how many times I’ve seen coins hyped as great new projects and they just fade off and become worthless.
Keep in mind what you guys think are great projects…9 times out of 10 they are solving problems that don’t exist. Trust me I have been doing this for years.
 
Just a heads up 2 new etfs were released yesterday that pay a dividend!! Now im excited..haha. they are also releasing a crypto etf today thats not based on btc or eth but the smaller coins.
ETHY.B
BTCY.B
CRYP
 
Bottom is absolutely falling out, blatant manipulation going on, hold on folks
 
BTC holding at 62, increased BTC and betting on a rally back to the top going to ride it all the way up, as long as we've actually reached the bottom
 
no crypto is a long term hold. in a bubble even assets that have value collapse. before you start firing at me, tell me we arent in the 3rd stage of an asset bubble
 
Buy ETH because it is the best smartcontract project, NWC Because it is the best trading platform and also LINK because it is the best oracle

The cycle is likely extending quite a bit. Don't be discouraged, hold on
 
Evil Spock said:
no crypto is a long term hold. in a bubble even assets that have value collapse. before you start firing at me, tell me we arent in the 3rd stage of an asset bubble
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we are in a extreme retail investor fear market.

Two things are happening: Not many smart investors are buying because they are being cautious of an even lower BTC price. And the other investors that are running scared and selling at a loss
 
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Cheapshot said:
Just a heads up 2 new etfs were released yesterday that pay a dividend!! Now im excited..haha. they are also releasing a crypto etf today thats not based on btc or eth but the smaller coins.
ETHY.B
BTCY.B
CRYP
Click to expand...
Just some clarification to this....
ETHY and BTCY are both covered call ETF's. They generate the majority of their yield through premiums earned by writing call options and selling capital to pay the dividend.
Typically, covered call ETF's have a goal of staying relatively flat for growth. They won't be tracking the actual asset nearly as close as the other ETF's. They also hold higher risk than a typical ETF because of the call options and also much higher fees. So you'll be taking on more risk, paying more fees and missing out on some of the huge growth potential of BTC or ETH all in exchange for 8-10% yield. I see a place for these in a sustained bear market but that's it.

CRYP also does not invest in smaller coins. It invests in crypto related companies like mining companies, video card producers, exchanges, etc.. This is essentially an index fund for all crypto related companies. Coinbase, Microstrategies, Hut8, etc.. I like this one because it's likely going to be much more stable than crypto directly with a lot of potential for growth.
 
If ETH closes below 3800, looks like 3.5k is the next stop this is excellent buy opportunities if you want to get in
 
IronRobi said:
Just some clarification to this....
ETHY and BTCY are both covered call ETF's. They generate the majority of their yield through premiums earned by writing call options and selling capital to pay the dividend.
Typically, covered call ETF's have a goal of staying relatively flat for growth. They won't be tracking the actual asset nearly as close as the other ETF's. They also hold higher risk than a typical ETF because of the call options and also much higher fees. So you'll be taking on more risk, paying more fees and missing out on some of the huge growth potential of BTC or ETH all in exchange for 8-10% yield. I see a place for these in a sustained bear market but that's it.

CRYP also does not invest in smaller coins. It invests in crypto related companies like mining companies, video card producers, exchanges, etc.. This is essentially an index fund for all crypto related companies. Coinbase, Microstrategies, Hut8, etc.. I like this one because it's likely going to be much more stable than crypto directly with a lot of potential for growth.
Click to expand...
Thats what Im after, I love covered calls and dividends.
 
XCII said:
we are in a extreme retail investor fear market.

Two things are happening: Not many smart investors are buying because they are being cautious of an even lower BTC price. And the other investors that are running scared and selling at a loss
Click to expand...
thats also called the 4th stage of a bubble
the 5th is complete fkn panic
 
Bitcoin is the only coin that will survive when all the dust settles from this historical asset bubble created by the loosest monetary policy in human history.

All crypto except bitcoin will eventually be worthless and the crypto crash will start May 12, 2022 at 9:34 PM Moscow Standard Time.

I know it sounds crazy but I had a dream within a dream within a dream and seen it!

Inception-spinning-top.gif
 
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Cheapshot said:
Thats what Im after, I love covered calls and dividends.
Click to expand...
When the bear market hits I'll likely be moving my crypto ETF holding's into these new ETF's. I'll be watching these closely to see how "flat" they actually stay. If they track BTC/ETH as accurately as their counterparts while paying a yield, it's an absolute no brainer. But until then I'll take 100% growth over 10% dividends all day every day.

XCII said:
No it's called whales playing whale games, everyone is starting to recognize the inherent value to BTC and market manipulation is taking place, happens in stocks all the time.. the times they're a' changin'
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I'm not convinced this is whales playing games. It would take massive amounts of funds to move the needle this much. I think you nailed it before with people panic selling and others being overly cautious. I had a buddy messaging me a few weeks back "They're announcing the inflation rate in the states tomorrow. I think it's going to be bad and cause a crash so I sold off most of my BTC".... the next morning "OMG so thankful I sold last night, the price is down this morning". I go look.... it had dropped 0.63%. And he was relieved and grateful he "dodged" less than 1%.
 
Markets like to inflict max pain

I told a bunch of people this a few months back.
All these fucking retards are calling for 100k BTC by end of the year. Expecting a parabolic move like 2017….who cares history does not have to repeat itself.
So my theory was steep sell off at the end of the year which we are seeing.
Once enough panic is set in and leverage is back under control we will likely see a move back to the upside sometime in the new year.
I am not trying to trade this. I survived an entire bear market where I doubted my sanity at times. The day to day dollar value isn’t important to me right now. What is important is not ending up with less bitcoin.
Selling and thinking you will buy back lower is a big gamble.
Yes I actively trade but only a small portion of holdings.
Bitcoin has been working flawlessly for over a decade now. More and more adoption is coming.
I can handle volatility and have been rewarded well for it. What I can’t handle is holding one of the worst currencies on the planet CAD
 
IronRobi said:
I'm not convinced this is whales playing games. It would take massive amounts of funds to move the needle this much.
Click to expand...

For sure it is, it's now common knowledge that the value of blockchain goes well beyond crypto and there is an ungodly amount of money sitting in the sidelines with bitcoin, and the projects that flow into the market.. nation states are grabbing it up, banks are going to be offering to clients all over the world, and the cheaper they can do it the better. Honestly no one can say that recent crash of BTC was an organic one, but there were lots of factors behind it including manipulation and over leveraging
 
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