I remember buying XRP at $.20 and watching it go to $3 in one month. One. Month. 1,500% in ONE month. (One month.) I sold half at $3, the rest at $2.50, and thought I was a genius. Only much later did I realize the real geniuses bought it at $.005 and sat on 4,000% gains
Hi Mark, I enjoyed this month's issue and being a little new to this, I can concur with a lot of the points you have made. I have a few questions:
1. Until now, I had assumed the strategy with your altcoin recommendations was to buy and hold them. In this article, it sounds like you are leaning toward selling when signs of the crash appear?
2. If you detect time to sell, it would be helpful to have a reliable game plan that can be executed quickly and practised in advance as you note. I would be interested to hear more about this.
Hi Mark! I really enjoy your writings and thank you for your effort. At the market cycle peak, would you ever consider shifting a percentage to physical gold as opposed to USD? I have always not understood the conflict between bitcoiners and gold investors as it seems that both could play a role in a portfolio and plan to shift some BTC into gold at market cycle peak; however, issue with physical gold is that its not easily transferred back into USD (for BTC). Additionally, would you consider holding any percentage in BTC through the bear cycle, as it does not seem that when you say that we will sell prior to market peak, it does not seem that you mean to sell all BTC. I am wondering if institutional buyers will capitulate like retail did in early 2018 or if the bear cycle in BTC will be less drastic. It is interesting what you said about taxes, that is part of what I like about DeFi, as from what limited research I have done, it seems that earnings obtained via lending / liquidity provision can by eligible for a lower tax rate. Of course, I know you cannot comment much on taxes. Thank you again :)
Hi Mark, I enjoyed this month's issue and being a little new to this, I can concur with a lot of the points you have made. I have a few questions:
1. Until now, I had assumed the strategy with your altcoin recommendations was to buy and hold them. In this article, it sounds like you are leaning toward selling when signs of the crash appear?
2. If you detect time to sell, it would be helpful to have a reliable game plan that can be executed quickly and practised in advance as you note. I would be interested to hear more about this.
Thanks
Hi Mark! I really enjoy your writings and thank you for your effort. At the market cycle peak, would you ever consider shifting a percentage to physical gold as opposed to USD? I have always not understood the conflict between bitcoiners and gold investors as it seems that both could play a role in a portfolio and plan to shift some BTC into gold at market cycle peak; however, issue with physical gold is that its not easily transferred back into USD (for BTC). Additionally, would you consider holding any percentage in BTC through the bear cycle, as it does not seem that when you say that we will sell prior to market peak, it does not seem that you mean to sell all BTC. I am wondering if institutional buyers will capitulate like retail did in early 2018 or if the bear cycle in BTC will be less drastic. It is interesting what you said about taxes, that is part of what I like about DeFi, as from what limited research I have done, it seems that earnings obtained via lending / liquidity provision can by eligible for a lower tax rate. Of course, I know you cannot comment much on taxes. Thank you again :)