I hold some alt coins from 2017. Took some profit and exchanged it for others... Huge rollercoaster! But small capital and willing to gamble it all. Unfortunately never got in BTC, traded it, even in its early time, used it as proxy to buy others... I thought 600$ around 2015/2016 was too much. I am exposed indirectly, even with some stocks. So... To the moon! LoL
Gary Gensler is not finished yet coming after the bad guys in the crypto industry. There will be blood on the streets. Coinbase is next for selling unregistered "crypto coins". There is a reason why Cathie Wood is liquidating already a good chunk of her Coinbase portfolio.
Even if it did become the main source for monetary transactions. It can do so at a value of $0.01 or $100k, what would it matter?
I know right? All the people who missed the boat will continue to call for zero or make tulip mania references all the way to a million lol.
I wasn't about to calculate it but what is the correct answer if you are so much better than me at math?
Is my 2008 Lambo a fairy tale? While you were being bamboozled by mainstream media jumping on the bandwagon, people like me were unloading because we knew it was extended...and we were anticipating for the 80% retrace to load up again. If you've been around bitcoin for a few cycles you kow this is just par for the course. Just accept you missed the party and stop with the sour grapes..focus on buying dips. We could see a pull back to low 30's by summer... or switch to dogecoin or something where you can get a better multiple. Now I'm just trading bitcoin etfs. One truth about bitcoin...everyone feels like they got in too late and got out too early. It's intrinsic value comes from its scarcity, durability, and difficulty in extracting new supplies.
You don't even need EW...last time it rallied to 19k and retraced to 3k, this time it rallied to 70k and retraced to 16k...extrapolate from there for the next cycle.