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BITCOIN Discussion..........

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djefferis

djefferis

Joined
Jan 8, 2024
Messages
3,825
I got in at a good price. It's been all smiles here, bro.

I ain't selling until it hits 10k.

Sorry but that's probably the worst way to play any investment. Reminds me of the guy talking about how he out his retirement into DOGE a few years ago, was like 50 cents at the time and he dropped a couple hundred thousand only to see it go to like a dime. Some people just done understand buy and hold is the bigger gamble than trading.

Sell some as it goes up - buy back more on the dips.

Markets never go in a single direction - there will be lots of buying and selling opportunities along the way.

I got very lucky this week - I pulled everything I had from books as I knew I would be inactive beginning Sunday - started the big draw down Thursday/Friday and completed Monday - all into ETH. Of course it spiked over the weekend and made more during the week. Now I re-funded books this morning and had a nice amount left over while replenishing 100%. I will probably sell half and let it set in cash, if the rally is played out short term (as I expect we are nearing) I'll look smart - if not - I'm still playing on house money.

Also, would diversify away from a single or coins themselves, buy come CRCL (probably best to wait until it seems 180-200 range again if possible) - but don't forget to hold some crypto stocks. Very easy to buy and sell out of the money calls week to week and deliver a handsome yield - buy protective puts in case it goes to shit and limit your downside. I was lucky and got a few hundred on IPO - bought a couple hundred more and have been selling contracts week to week and throwing my gains back in good old boring companies with a yield. Been a winning strategy so far - today I'm probably cutting back by 25% if we get near 250.
 
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