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RE: Im Holding All My Trading Capital In USDT/Tether Right Now
That wouldnt bother me. I am looking long term so a sharp pullback through most of Sept would give me an opportunity to buy some more at a better price.
I always like that.
yup, this is nothing in a long term perspective
Glad to see you write that. Hard to tell sometimes the timeframe certain people are commenting upon. It is a challenge to follow some people's reads on charts without knowing their perspective. I have gotten in more than one debate over the read of a chart only to later realize we were dealing with different time frames.
right, I have 90% of my cryptos in a long term mode and for me that is 5 years from now. The rest, 10% I do short term trading and that could be anything from a 1-15 day range give or take
Care to share what your projections are on some of the big ones...LTC, BTC, ETH?
Do you believe some of the absurd claims or are you more of a 3-5 times guy over the next 5 years?
Sure, I actually believe in some absurd claims, Im very interested in exponential growth and I believe right now that 0.01% of the global population does own cryptos and I have seen projections for 3% at the end of next year, so this could potentially go bat shit crazy.
Having that said, I dont really have any projections for the big ones, I cant really read the charts that far in the future. But I do believe that Bitcoin could easily reach 10000 before the end of the year.
I think there is the potential for a $250B market cap for cryptocurrencies by Thanksgiving. Hedge funds are being set up all over the place hence some big money is going to start pouring in. Of course, this isnt the average investor money (they are always the last to the party) so I believe the run has a long way to go.
Right, there are a lot of factors to consider and I also believe that we are heading into a paradigm shift in terms of the monetary system and that is perhaps the biggest things ever for the financial system. For the first time, we can become our own banks and if people will lose faith in fiat money, which I believe will happen, cryptos will replace all this.
This last month has been very interesting for me, I have spoken about cryptos for 2 years, but few listened to me among my friends and family (I bought Bitcoin at 240 USD for the first time), but now a whole bunch of them are reading about Bitcoin and watching MSM mentioning it and now they are interested in how to get in. And some of my friends work in finance and they have no idea about this potential, it is quite amazing to say the least.
Terrific about your family and friends. That said, the vast percentage of people out there still have no clue about crypto or what it entails. I think if you asked 100 average people about it, especially in the western countries, 95 wouldnt have even heard about it let alone invested in it.
As for the shift, I agree it is possible. However, I do not under estimate the power of the banksters and their ability to negate something that promotes freedom. They run the governments and I expect them to push their own crypto while having others being in the hands of the average person made illegal. Plus I wouldnt be surprised if they ended up buying up a great deal of bitcoin over the next decade leaving just the scraps for the rest of the people. This is what they did with gold.