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03-10-2024, 11:39 PM
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#4426 | | I contribute to threads in the offtopic forum
Join Date: Dec 2011 Location: BC
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New all time high. 71k usd currently
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Integra Type R 00-0853
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03-11-2024, 04:10 PM
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#4427 | | My homepage has been set to RS
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BTC has legs. Not sure if it'll make it to $100k. I'm thinking it'll top out at $92k USD and then fall to $40k.
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03-11-2024, 05:29 PM
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#4428 | | Performance Moderator
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Originally Posted by PeanutButter  BTC has legs. Not sure if it'll make it to $100k. I'm thinking it'll top out at $92k USD and then fall to $40k. | If that's what you think, shouldn't you put everything you've got into it right now? 71->92k would be like a 30% return
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03-11-2024, 09:24 PM
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#4429 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
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Originally Posted by 68style If that's what you think, shouldn't you put everything you've got into it right now? 71->92k would be like a 30% return | It would depend on your investment theory and your portfolio management.
There's no delusion on my part, I believe crypto is highly speculative. Which means one should typically not invest more than 5% of their portfolio in a particular speculative asset.
For me, crypto is already above 5% of my portfolio, so it would not be prudent portfolio management to put more into crypto, regardless if I think it's going to moon or not.
I've been investing long enough to not get as emotional as I once did. So my decisions are a little more calculated now.
Since BTC hit $70k USD, I sold my first traunch. So i'll be sticking to my sell strategy that I posted in the previous page. A lot less emotion this time around, which is a pretty cool feeling.
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03-12-2024, 09:16 AM
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#4430 | | My homepage has been set to RS
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Finally making some returns in my TFSA on my Bitcoin ETF I purchased when it launched a few years ago.
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03-12-2024, 09:42 AM
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#4431 | | My homepage has been set to RS
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Originally Posted by Liquid_o2 Finally making some returns in my TFSA on my Bitcoin ETF I purchased when it launched a few years ago. | My cousin said the same thing last week. I convinced her to sell half of it yesterday. She was up 55% on her BTC ETF.
When it was down like 70% she was freaking out. The only reason she didn't sell at the bottom was that I guaranteed her investment. I told her I would buy the ETF from her at her book value (~$6k) if she needed the cash.
She shouldn't be holding BTC, she's a super conservative and it took a lot of convincing to get her to buy the S&P and Nasdaq index. So I told her that she needs to sell half, take her principle out and then let the rest ride so she doesn't have to freak out about it, because I know it's going to go to the shitter again.
She'll probably miss out on some short-term gains, but this way she will have peace of mind and not freak out when it drops and she still has skin in the game so it's a win-win.
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03-12-2024, 09:44 AM
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#4432 | | My homepage has been set to RS
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Also, a coworker just asked me if he should buy gold.
Long story short, bull run confirmed. Strap in boys.
When people start asking me if they should buy BTC, I know the top is in. I'll update when someone asks me..lol
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03-12-2024, 09:50 PM
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#4433 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
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Originally Posted by PeanutButter Well, i'm sure he thinks about it, who wouldn't? He seemed pretty pragmatic about it though. He said there aren't many people who would be able to hold onto 300 BTC for that long. BTC was about $10 at the time, eventually, you would sell. How could you not? | You're right. All of my friends who got into BTC early (ie. in the hundreds) sold when they made ~5-20x their investments - high hundreds or several thousand per BTC. Some have moved on, others ended up buying back in when BTC was 5 figures over the last few years.
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03-14-2024, 06:31 AM
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#4434 | | I keep RS good
Join Date: May 2001 Location: Cosmos
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Originally Posted by PeanutButter Also, a coworker just asked me if he should buy gold.
Long story short, bull run confirmed. Strap in boys.
When people start asking me if they should buy BTC, I know the top is in. I'll update when someone asks me..lol | not yet... not just co-worker, but uncles and aunties that know nothing about cypto... or even how to use their own phones...
when they start asking, that's when you start to sell chunks at a time.
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03-15-2024, 10:28 AM
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#4435 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
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Another coworker just asked me to help him buy one share of NVDA today.
The top of NVDA might be close.
This was the same coworker who bought btc at $60k during 2020 bull run. And I asked him last week about his btc and he said he sold it last year =/
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03-15-2024, 10:56 AM
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#4436 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2009 Location: Burnaby
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Breaks my heart I was going to buy NVIDIA stock back in 2022 before they announced pivoting into AI chipsets.
Now they're up 85%+ since then.
God damnit.
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Originally Posted by MG1 In Mike we Trust | | |
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03-15-2024, 04:16 PM
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#4437 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
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The crazy thing about NVDA stock right now is it's technically a better value right now due to their latest earnings than it was a month ago when it was $600.
Their latest earnings were so massive it made their valuation better, even at these prices. Insane.
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03-18-2024, 11:12 AM
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#4438 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
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Originally Posted by mikemhg Breaks my heart I was going to buy NVIDIA stock back in 2022 before they announced pivoting into AI chipsets.
Now they're up 85%+ since then.
God damnit. | the "shoulda/coulda" game is a vicious one.
look at SOL, bought some at $70, the more up to about $130...$270 now and climbing
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03-20-2024, 06:46 AM
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#4439 | | I subscribe to the Fight Club ONLY
Join Date: Nov 2002 Location: 604
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You were right, has Bitcoin reached this peak cycle and starting its descent?
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03-20-2024, 07:06 AM
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#4440 | | I have named my kids VIC and VLS
Join Date: Oct 2001
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Originally Posted by mikemhg Breaks my heart I was going to buy NVIDIA stock back in 2022 before they announced pivoting into AI chipsets.
Now they're up 85%+ since then.
God damnit. | It’s only 12 shares, but a nice 20 bagger 
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Dank memes cant melt steel beams
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03-20-2024, 10:24 AM
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#4441 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
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What's the play for you? Long and strong or are you going to take some profits?
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03-20-2024, 10:42 AM
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#4442 | | Performance Moderator
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Didn't you read the peeing threads awhile back? Hondaracer only knows long and strong
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03-20-2024, 10:55 AM
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#4443 | | I have named my kids VIC and VLS
Join Date: Oct 2001
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Probably hold for the long term. I’m a bad investor that I never take profits until it’s too late lol
Although.. I have made some moves dumping my Covid investments in bullshit like cruise lines etc. probably should have made moves earlier however still walked away with a tidy profit
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Dank memes cant melt steel beams
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03-22-2024, 09:29 AM
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#4444 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
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Oh no.
Guy at work just asked me what the Bitcoin halving is.
This is the same guy who bought BTC back in 2020 and sold it last year.
Dang, now I feel like BTC isn't going to run. This guy is too early.
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