When to buy crypto?

[sharklasers]

One should buy it when few days in the row here aren't any new posts in BitCoin & AltCoins. You are welcome.

 

[I'mRobot]

can you explain again, I don't understand it?

 

[sharklasers]

One should buy it when few days in the row here aren't any new posts in BitCoin & AltCoins. You are welcome.

Actually waiting for a week without new posts would work best.

 

[JohnnyDoe]

You need to buy when people explain how bitcoin will go sub-zero and momentarily sell when you see people looking for favorable residence for crypto moguls.

 

[backpacker]

Not now -> SEC Chair Gensler proposes rules that would change which crypto firms can custody customer assets

 

[JohnnyDoe]

Not now -> SEC Chair Gensler proposes rules that would change which crypto firms can custody customer assets

Sure enough, immediately after this advice btc +4%

Sure enough, immediately after this advice btc +4%

+8% actually

 

[diatessaron]

When me and some others told you to more than a month ago or so.

 

[khinkali]

When to buy crypto?
When there has been negative news and the price has dipped.

"Be fearful when others are greedy and greedy when others are fearful"

 

[backpacker]

We will see whee it ends. It is still about 60% underwater. Not exactly a safe haven ....
There is simply too much volatility to consider it as an investment.

+8% actually

Even more ->

Bitcoin rises despite U.S. crackdown, as crypto market gains $84 billion in value

Bitcoin rose to its highest level since August, as the market shrugged off a tougher regulatory stance from U.S. regulators.

www.cnbc.com

 

[Mercury]

There is simply too much volatility to consider it as an investment.

This is a very subjective and risk-averse personal assertion.
Volatility doesn't matter for a long-term investor.

 

[khinkali]

Volatility doesn't matter for a long-term investor.

Indeed.

Also for the medium term. A used book dealer doesn't refuse to buy books just because their value might go down. He just builds volatility into his buy and sell price threshold.

Also, volatility is the lifeblood of a short term trading.

 

[JackAlabama]

We will see whee it ends. It is still about 60% underwater. Not exactly a safe haven ....
There is simply too much volatility to consider it as an investment.

Even more ->

Bitcoin rises despite U.S. crackdown, as crypto market gains $84 billion in value

Bitcoin rose to its highest level since August, as the market shrugged off a tougher regulatory stance from U.S. regulators.

www.cnbc.com

high vola is not a disqualification criteria for an investment.

 

[backpacker]

This is a very subjective and risk-averse personal assertion.

I fully agree that it is a risk averse assertion. However, "personal" should be excluded.
Crypto is pure speculation and as such cannot be considered a serious investment. It is for the most part "casino" and the extreme volatility confirms this.
-> Five Reasons Which Make Cryptocurrency a Bad Investment

Volatility doesn't matter for a long-term investor.

The coinage "long term investor" is overstretched in the investment universe. It is used when things get sour.
Note: Long term we are all dead. So, what is long term? Is it 1 year, 10 years, 100 years ...??

 

[JackAlabama]

I fully agree that it is a risk averse assertion. However, "personal" should be excluded.
Crypto is pure speculation and as such cannot be considered a serious investment. It is for the most part "casino" and the extreme volatility confirms this.
-> Five Reasons Which Make Cryptocurrency a Bad Investment

Bitcoin and crypto are 2 different things. Much in the crypto space is indeed poop, however Bitcoin is a digital commodity. Stable coins also have a very strong use case.

Vola does not mean much except that it is volatile and such a wild horse has to be treated as such, since you are measuring one thing against the denominator which itself has quite a high vola. Its not like the usd is like a meter, it is more like a rubber band.

Your quoted article is also quite basic, e.g. just not having a cashflow is not a reason to disqualify.
Things which do not have cashflow cant go bankrupt on the other hand like is the case for all commodities.

The coinage "long term investor" is overstretched in the investment universe. It is used when things get sour.
Note: Long term we are all dead. So, what is long term? Is it 1 year, 10 years, 100 years ...??

Not true. Its just not en vogue these days and if the term is used its abused. however there are families which inherit large portions of stock of long lasting companies etc.

 

[Jorozey]

Absolutely, @JackAlabama spot on!

I fully agree that it is a risk averse assertion. However, "personal" should be excluded.
Crypto is pure speculation and as such cannot be considered a serious investment. It is for the most part "casino" and the extreme volatility confirms this.
-> Five Reasons Which Make Cryptocurrency a Bad Investment

The coinage "long term investor" is overstretched in the investment universe. It is used when things get sour.
Note: Long term we are all dead. So, what is long term? Is it 1 year, 10 years, 100 years ...??

Crypto and Bitcoin are two different things. Bitcoin is the wealth you can keep and carry over time, for your children/grandchildren/great-grandchildren... All or at least 99% of all shitcoins will be gone within a few years except Bitcoin, until then you can continue to ignore the best asset of the decade at your own risk.

 

[backpacker]

The SEC has a stablecoin firm in its sights — and it could shake up the whole $137 billion market

The U.S. Securities and Exchange Commission (SEC) could be gearing up to take action against Paxos, over the issue of whether Binance USD (BUSD) is a security.

www.cnbc.com