Crypto strategy for newbie

Scottex99

Nice, yeah just have to hope that Saylor isn’t the next SBF or some other black swan doesn’t appear from somewhere.

Q1 should be fine, I’ll probably get rid of some around Q2

MeteredOut

jefaz07 said:

I had ETH, XRP and ADA…I’ve since all put it into to XRP which is paying off currently. 

I have most money in BTC and SOL and I’m just waiting for a figure I’m happy with. 

I’m in on BTC at 22k at the lowest and have bought bits and pieces over the years. 

A few friends have made quite a lot off DOGE but I want nothing to do with it. 

Like you say, rising tides. 

I’m currently up around 9k but I believe there is plenty more to make this run. 

Can you explain why you think this? Is it simply that you think more people will buy because it is going up? That is a valid strategy and has worked for many people for quite a few years now, but at the expense of those who simply blindly follow content on social media or, dare I say it, interviews with Steven Bartlett. Or, is there something more concrete behind your belief?

jefaz07

MeteredOut said:

jefaz07 said:

I had ETH, XRP and ADA…I’ve since all put it into to XRP which is paying off currently. 

I have most money in BTC and SOL and I’m just waiting for a figure I’m happy with. 

I’m in on BTC at 22k at the lowest and have bought bits and pieces over the years. 

A few friends have made quite a lot off DOGE but I want nothing to do with it. 

Like you say, rising tides. 

I’m currently up around 9k but I believe there is plenty more to make this run. 

Can you explain why you think this? Is it simply that you think more people will buy because it is going up? That is a valid strategy and has worked for many people for quite a few years now, but at the expense of those who simply blindly follow content on social media or, dare I say it, interviews with Steven Bartlett. Or, is there something more concrete behind your belief?

There are a few things. In short hopefully wider adoption, the Bitcoin halving that already happened, President Trump who is big on crypto and wants reserves, founded in America blah blah. Companies such as Blackrock investing heavily. Mainly in Bitcoin but then people look for the next Bitcoin gains and then you have what you stated, essentially FOMO which drives the price. 

For instance, when Trump won the US election, overnight I made quite a lot of money. 

I’ll expect on his inauguration the price will jump again. 

Scottex99

4 year cycles 

Micro Strategy, ETFs and Corps putting BTC on their balance sheets

Retail coming back to the market 

$100k is still a tough nut to crack though 

Coveredinbees!!!!

What other investments do you have or are you going from zero to the most volatile thing you can think of?

El_Selb

Thanks all for comments

As background, I've got about 40k in other traditional blended funds / ETFs. Appreciate crypto investment is a bit of a punt and would be prepared to lose it, at the worst.

I could hold for 5-10 years or more.

Will have a look at XRP too...

MeteredOut

jefaz07 said:

MeteredOut said:

jefaz07 said:

I had ETH, XRP and ADA…I’ve since all put it into to XRP which is paying off currently. 

I have most money in BTC and SOL and I’m just waiting for a figure I’m happy with. 

I’m in on BTC at 22k at the lowest and have bought bits and pieces over the years. 

A few friends have made quite a lot off DOGE but I want nothing to do with it. 

Like you say, rising tides. 

I’m currently up around 9k but I believe there is plenty more to make this run. 

Can you explain why you think this? Is it simply that you think more people will buy because it is going up? That is a valid strategy and has worked for many people for quite a few years now, but at the expense of those who simply blindly follow content on social media or, dare I say it, interviews with Steven Bartlett. Or, is there something more concrete behind your belief?

There are a few things. In short hopefully wider adoption, the Bitcoin halving that already happened, President Trump who is big on crypto and wants reserves, founded in America blah blah. Companies such as Blackrock investing heavily. Mainly in Bitcoin but then people look for the next Bitcoin gains and then you have what you stated, essentially FOMO which drives the price. 

For instance, when Trump won the US election, overnight I made quite a lot of money. 

I’ll expect on his inauguration the price will jump again. 

All those things are already priced in. Trump may not be inaugurated yet, but we know its happening, and I accept that the noise that will happen when he does get in could give it another boost when social media does it thing to those that are hoping for a quick way to earn easy money.

But, there doesn't seem to be any fundamentals behind your thinking.