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Forrest Gump 9

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Posts posted by Forrest Gump 9

  1. Is bitcoin ever going to maintain it's price over $40k again?

    It got to $42+k but then died it's back below $40k

     

    It’s tough right now with the Chinese ban still fresh on everyone mind. I’ve learned just buy it and treat it as my saving / 401k account.

     

    The last time I tried to time the market I got bunt badly so I don’t try any more. Bitcoin was under $7k for like three years. In 2020 it started to have some movements. It went from $7k to $11-12k two times, so on oct 2020 the third time it went to $12k i sold 3 bitcoins. Guess what it went straight to $30k and then $65k. I was beyond pissed. I held it for three years and the month I sold it decided to have a bull run

  2. I dappled into mining bitcoin and ethereum back in 2017. My bitcoin miners were bitmain ASIC S9, and my ethereum were custom built with 12 graphic cards. They were noisy and consumed a lot of energy, we were paying $1200 a month on electricity, lol. When bitcoin tanked, I sold them off for 1/10 what I paid.

    You can buy some bitmain S9 for cheap, about $300, and you can earn about $3-5 a day with it. That how I would start.

  3. I've been seeing some good things about Ethereum seems like it's technology is more future proof than some. I'm no expert and I don't plan to put money on it at this point though I might if I see a pull back from the current hype. I also saw some news that they picked up some bigger players and do expect growth over the next year.

     

    Ethereum is solid. It’s the flat form for new coins to be developed.

  4. Imho Dogecoin got pushed up by

    M.Elon

    Mark Cuban

    Reddit group

    Celebrity like snoop dogg, Guy fierry (? The cooking guy), couple rappers

     

    Also, Mark Cuban started accepting it at his Maverick store so in a way it’s going mainstream. At this price $.60 there are better coins out there with actual applications.

  5. I avoid the woulda coulda shoulda by keeping to a rule of day trading only. I pretty much exit positions within 10-15 minutes making off with around 1% profit and never keeping positions overnight. I miss out on huge gains but I missed huge loses as well and keep the gains very consistent at 1/2-2% per day that I trade right now a few times per month however I'm working to move into full time day trading.

     

    There's so many times I would have been rich if I just held but the risk would mean blowing up my accounts and being ruined in one move so it's far to risky. Not saying I haven't done that in the past.

     

    You should start trading crypto. 10% gains is laughable and it’s 24/7

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