Sorry full initial tweet.
No mention of the trump meme coin.
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I bought on Friday’s BTC dump.
Didn’t expect the overnight reversal to occur.
The volume on the reversal is a little low though.
So I suspect there’ll be some testing of lows through the week.
I did well out of the August low, so will play this one the same way.
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What kind of money makes it worth while?
What do you mean?
I think long term there’s another leg up after this consolidation.
I suspect it’ll last until somewhere between June and October.
After that, it’ll be the end of the cycle for me. There could be a few more months of upside, but I’m planning to not be involved in it until it turns into the one year long bear market that usually happens after a major high. Then I’ll short the market.
If I’m wrong with my purchase last Friday, my average buy price is still well down below current prices. But I’ve eaten in to some of those profits.
The other alt coins are only held for three to four months. Not all do well. The drawdowns are tough to handle, but I prefer the overall results to give the coin a chance to move, than set my stop loss too close to the market and miss out on a move. Overall the other alt coin Investments have to at least out pace BTC over that time period to be worthwhile. Otherwise, I may as well have just invested in BTC and not bothered about the rest of the coins.
Last time I invested in around 15 ALTs. Another 3 in January (that were all losses). This time around I’ll probably go with 5 to 10 coins. And accept that I’ll miss a few coins.
But I’m waiting for confirmation that the BTC low is in. For that it needs price and time to prove it. The price is positive. But usually after a major move there is a correction. It’s whether it becomes a ‘higher low’ or whether it turns into a continuation of the downtrend. That’s where it needs time to confirm that it’s a low.
I didn’t think BTC would be this far above from the Friday’s low by the weekly close. I thought it would take another few weeks for it to move.
I don’t care for Trump narratives or any other rubbish narratives. I solely follow the chart which shows me price against time.
Ok cheers.
What I meant was if I wanted to dip my toe in what kind of cash is worth while.
For example if I invested 2k in for a 10% increase it probably isn’t worth it.
So to make it worth while I’d have to invest some decent money.
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Worthwhile is a personal choice and circumstance related.
For long term traders, a 10% increase (like we got overnight) is not enough.
For short term traders, a 10% increase is an absolutely brilliant result. Especially if you did it across other coins during the same time period.
As you point out, it also depends on how much you’re investing. If it’s $1 then 10% of that is virtually nothing. If it’s $100k, then it’s different. What really matters is how much are you risking? How much of that investment are you willing to lose to prove it’ll go up by 10%?
I think there’s a chance that BTC doubles from this low just like it did out of the August 2024 low.
But it may not. It might reach a touch above the $110k all time high, then end the cycle like it did between Jun and November in 2021.
Both situations are in play. And I’ll need time to confirm which way it’s going.
Either way, I have my stop losses in place as well as some time limits. I’ve spent time to backtest my rules and I’m fine with the overall results. I could get more out of trading and have proven I can actually get far less out of trading when I deviate from my plans. I’m content that I didn’t get too heavily involved in coins in December 2025 and January this year and instead let my current ALT coin investments run their course and hit their stop losses. The move out of the August low had run its course and there was a chance for a deeper correction than what we got in December and January. But there was also a chance for a continuation like previous cycles during December / January into February and March. I handled that period of time far differently to the March 2024 high where I went too heavy at the peak of a move and paid for it.
Whilst those losses weren’t great to experience it taught me a lesson for the next move. And I got very different results. It doesn’t mean I will forever get great results. It doesn’t mean I won’t experience losses. But I know how to manage it better to minimise losses and not get too greedy and think every trade I make will race to the moon and 50x my account.
I could still be wrong and there’s another leg down below last Friday’s low. The January high could still mark the end of this cycle. And all I’ve done is cut into my BTC profits by buying on Friday.
I don’t think it’ll happen that way, but it definitely could.
That’s pretty much trading. You have very little control over how an investment acts and performs. You are just riding a rollercoaster along the way and trying your best to decide when you’ve had enough to get off the ride.
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I see Crypto as a bit of a flutter. Im in 2k and if I get x 10 out of that (which i was lucky to score a few years back and parked dream car in garage), Im happy. If it doesnt, wont break me either. Other way to look at is invest money you wont lose sleep over if you lose. Im not a day trader, i just have a couple i sit on and if they hit my target, im out and happy with that. Its an interest and could do anythung which is the attraction to me. I know a lot of people that got really greedy when that big run hit, didnt cash out and are losing sleep as a result. Just know what you happy with and stick with it, thats my advice
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Bitcoin all time high now $186,469 Aus, my darling XRP getting close and following the trend, some big clarity/regulation coming, happy crypto days.
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The American House has approved the stable coin GENIUS Act.
This is really going to take off, well done early investors. Hopefully will litigate a lot of the MEME./■■■■ coins as well.
Alltime highs for BTC and ETH. ETH up 5k (200%) since April
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$200,000 BTC Incoming!
It’s kinda funny to see Bitcoin and Ripple and Ether going gangbusters while everything else is just limping along.
I thought the smaller coins would give the most value, but nuh.
Still not quite where I was in January.
400% since September is still…pretty good.
If I paid any attention to it at all, I’d have a whoooole lot more than I do.
Edit: wish I’d loaded up in 2019.
1800% since then.
Crypto investors are North Koreas target market.
Targeting high net worth crypto holders has helped North Korean hackers steal more than $2bn (£1.49bn) so far this year according to researchers.
Hope he’s kept it, he’ll have done exceptionally well.
I’ve recently (12 months) got into bitcoin, and have put in over 1000 hours to understand it beyond the superficial BS. If you can push past the FUD and misconception, it is actually fascinating.
Even at the current prices I’d suggest it is still very early with lots of upside. It is slowly eating up the current fiat money system (because it is a government printing pozi that debases our savings)…..but that’s a massive conversation. I’d implore everyone to put in a bit of work into understanding bitcoin, the difference to other crypto and what the use case actually is. Plenty of good books and people on youtube.
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I don’t think now is the time to buy. There is upside, but it’s a long way away and there’s every chance in a year’s time it returns back to current prices. And there’s a good chance it’ll go even lower.
I’m invested and am fine to ride this wave out. But the high majority of my investing was two years ago and have done small investments that don’t screw up my average entry price across that time. So I’m comfortable to hold, scale out, wait for the ‘cycle bottom’ (which could be next year or the year after) then begin tipping back in for the next cycle.
I still think there’s 1 really good move left (I’m not a financial advisor so do your own research, past results are not indicative of future results, gamble responsibly and see a doctor if pain persists). But I thought the same in January this year and it’s done very little since. And I could definitely be wrong and we’ve seen the ‘top’ for this cycle. But if I’m wrong, I still come out in profit and can either spend it or re-invest in something else. That wouldn’t be the case if I started right now after the last three years of price action.
And I’m not looking at Bitcoin as anything other than a way to make money. It has some functionality, but I don’t see it being a currency to use day to day. Certainly not while it improves in value. A $15 dollar chicken paid with bitcoin two years ago is $60 now. That’s outpacing inflation across that time. Just pay in any other currency until it acts like other currencies.
I think the 4 year cycle is dead; the halving is much smaller now and the asset class much bigger with better clarity from the US government.
Yes, agree on currency use case. Money has traditionally had four stages and BTC is smack bang in the adoption curve and will be for some time. That said, if you have no bank, are de-banked or in a hyper inflating country it woks a treat and there are many examples of this. In Aus just buy and hold. As suit as our currency is, it’s relatively stable compared to many/most
Sould also add that the build out to payment is improving rapidly in many fronts. The biggest of these was Jack Dorcy (Square/Block) that has roll out BTC payments across his terminals in the USA. They are cheaper for the vendor and instant payment/settlement (generally a week or too via visa/swift). It’s happening before our eyes if you look.
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Zcash just going bonkers, from $60 six weeks ago to $780 creeping up to its ATH.
Zcash not quitting, up another 20% today to $960 
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