LMCane said:

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thinking about selling my BTC today with the price at $34K

anyone have an argument why it makes sense to hold?

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interested in the argument for why it makes sense to sell. what are you selling it for? USD?

p-townag said:

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Diggity said:

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even if that's all true, it doesn't change the fact that there are typically good entry/exit points.

This run-up appears to be a great one. Now I haven't put my money where my mouth is....but I won't be shocked to see BTC down 20%+ over the next couple months.

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It'll definitely have down turns. If you're good at day/frequent trading, go for it. 98% of people aren't able to predict the price action well enough to beat dollar cost averaging with Bitcoin, especially on frequent trading and with the tax consequences. But, if you can, go for it!

But if one has to ask a message board whether or not they should sell their Bitcoin, I think it's pretty likely that they'll wind up losing money.

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The interesting thing about BTC is that it makes strong trends, in both directions, but we have been in an upward trend now since, what, the beginning of the year? Given the environment, and BTC showing a history of strong run-ups, I wouldn't be surprised to see this run quite a bit higher. I think in the longer term, those entry points aren't going to be in the $15-20k range but in the $30-40k range. Which suggests a much higher peak from where we currently stand. Of course, it could drop to $25k overnight and get range-bound and this thread will die down again. Hah!

XpressAg09 said:

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Ron.Paul.Happening.gif

ETA; I miss the Hype Beast

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XpressAg09 said:

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Ron.Paul.Happening.gif

ETA; I miss the Hype Beast

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You rang?

Every single pleb who’s been daily dollar cost averaging #bitcoin is once again in profit.

“Research dollar cost averaging.” — @halfin pic.twitter.com/XKp9qfLSeZ

— Wicked (@w_s_bitcoin) October 23, 2023

Want to toot my horn that I've been continuously advocating for DCAing into bitcoin for at least 5 years now. This focus on mundanity has allowed my focus to be in growing my business and personal development instead of immensely shallow skills, like trading.

If this is your first bull run, it's exciting.

When I see a bull run, it's bittersweet. Bitcoin doesn't actually appreciate, everything it reflects depreciates against it. The pain and suffering required as sacrifice as bitcoin absorbs ALL stores of value will likely be immense.

Real estate is at peak monetization. All that excess stored value has already begun to leak and eventually the levee will break as many rush for the exits looking for the next best store of value…and guess what that‘ll be…#bitcoin.

Same is true for stocks and bonds.

— Wicked (@w_s_bitcoin) October 24, 2023

Just $1 Trillion taking flight from this $156 Trillion pie into #Bitcoin could lead to a #Bitcoin market cap of $100 Trillion. Or a $4.7m per Bitcoin price.

If you don’t believe it’s possible that 0.64% of this capital could take flight.

Answer me one question, which one of… pic.twitter.com/IrpYZjRbbI

— British HODL ❤️‍🔥🐂❤️‍🔥 (@BritishHodl) October 24, 2023

Some people find it sad that bitcoin cannot have more than 21M whole bitcoin. As these assets de-dollarize, we can't print more bitcoin.

Gonna be fun mates, also scary.

LMCane said:

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thinking about selling my BTC today with the price at $34K

anyone have an argument why it makes sense to hold?

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So, did you sell or hold?

Depending on the answer to the question above, my reply may be totally irrelevant to you now. My question to you is this: what about your investment thesis has changed? If you answer "nothing" then why would you consider selling the asset now? If your investment in the asset was purely speculative and you're looking to take profit on the run-up, or are finally back to break-even after the crypto winter, that makes sense. There are a lot of variables that I just don't know that would impact the answer to your question.

Here is my reason to continue holding: my investment in the asset is LONG term, like I'm on a 10-year horizon, so the up and down movement in the market doesn't impact me much. Disclaimer to add that my position is VERY small and my cost basis is minimal, so I don't have much capital at risk. I'm not trying to cover what for many could be an unrealized loss and I don't view it as a purely speculative play - I believe that BTC will continue to increase in adoption/understanding over the long term. I'm also not a crypto trader. The only asset I own in the space is BTC.

to be clear, that guy you're responding to is a troll who just ask questions about random crap he thinks will get a conversation going...then bails.

still an interesting discussion...just won't be from Barnes

Wait, so LMCane is Barnes???

nobody knows for sure if it's Barnes or some other bored troll.

that's the running theory/joke though.

carl spacklers hat said:

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LMCane said:

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thinking about selling my BTC today with the price at $34K

anyone have an argument why it makes sense to hold?

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So, did you sell or hold?

Depending on the answer to the question above, my reply may be totally irrelevant to you now. My question to you is this: what about your investment thesis has changed? If you answer "nothing" then why would you consider selling the asset now? If your investment in the asset was purely speculative and you're looking to take profit on the run-up, or are finally back to break-even after the crypto winter, that makes sense. There are a lot of variables that I just don't know that would impact the answer to your question.

Here is my reason to continue holding: my investment in the asset is LONG term, like I'm on a 10-year horizon, so the up and down movement in the market doesn't impact me much. Disclaimer to add that my position is VERY small and my cost basis is minimal, so I don't have much capital at risk. I'm not trying to cover what for many could be an unrealized loss and I don't view it as a purely speculative play - I believe that BTC will continue to increase in adoption/understanding over the long term. I'm also not a crypto trader. The only asset I own in the space is BTC.

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I held based on my best friend saying he wish he had not sold out last year and the arguments here

the only counter-argument is that if I sell now I sell at a profit

the counter counter argument is that if I don't need the money right now, keep it for the next decade and hope it continues to climb back to $66K ATH

How many more dollars have been printed from nothing since your investment? Are you sure you're above water selling back into usd?

So what is your reason for owning BTC? I still haven't seen where you iterate why you hold the asset. I go back to an investment thesis. If you went through an analytical process to determine that BTC was an investment worth your capital, has anything changed that warrants considering selling now and if so, what has changed? Are those long-term or short-term impacts on the asset?

If you want GOOD advice, we need some parameters to determine your investing environment and what changes would move you to liquidating the position.

Any cardano fbois still around?

Wait you're telling me Cardano rug pulled its investors for millions of dollars while keeping a large portion of investors funds in a private personal wallet #Theft https://t.co/igCtmNtIqv pic.twitter.com/z1aUKjdzrt

— Bad Guy Scooter - Vancouver (@BadGuyScooter) October 25, 2023

Adverse Event said:

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Any cardano fbois still around?

Wait you're telling me Cardano rug pulled its investors for millions of dollars while keeping a large portion of investors funds in a private personal wallet #Theft https://t.co/igCtmNtIqv pic.twitter.com/z1aUKjdzrt

— Bad Guy Scooter - Vancouver (@BadGuyScooter) October 25, 2023

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For the resident BTC maxi whom believes he knows it all, allow me to edify you- Ardana is NOT Cardano. It was a group "trying" to create a stablecoin on Cardano.

The Cardano ecosystem will blow minds this next peak. All those folks that denied BTC yet now watch TradFi and the MSM flip their positions on BTC will be in the same position regarding Cardano.

IMO,

Cardano has had zero down time in 5 years. No other ecosystem can claim that. There is a reason they took their approach and did not rush release or development. Governments and Fortune 500 companies aren't likely to use easily manipulated, easily coded, easily hacked ecosystems that regularly have down time. They will require security, functionality, interoperability, and adaptability. Cardano is the best option.

Sidechains/partner chains will flourish on Cardano. They will use the network's security whilst being able to design and implement their own use cases.

A Cardano ecosystem project I heavily invested in a while back. Some might remember my mention and some might have done some research. I really like the potential.

$IAG - Microsoft Admit, West Europe Data Center Power Outage Caused Service offerings in West Europe to be largely impacted particulary storage offerings. 👎

The power outage instability was identified in a West Europe physical data center namely 'physical AZ-01'

Power outages… pic.twitter.com/7gy9vdNXgK

— Dave 🧑‍🚀💽 🐋 (@beaumont_dvd) October 29, 2023

LatinAggie1997 said:

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Adverse Event said:

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Any cardano fbois still around?

Wait you're telling me Cardano rug pulled its investors for millions of dollars while keeping a large portion of investors funds in a private personal wallet #Theft https://t.co/igCtmNtIqv pic.twitter.com/z1aUKjdzrt

— Bad Guy Scooter - Vancouver (@BadGuyScooter) October 25, 2023

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For the resident BTC maxi whom believes he knows it all, allow me to edify you- Ardana is NOT Cardano. It was a group "trying" to create a stablecoin on Cardano.

The Cardano ecosystem will blow minds this next peak. All those folks that denied BTC yet now watch TradFi and the MSM flip their positions on BTC will be in the same position regarding Cardano.

IMO,

Cardano has had zero down time in 5 years. No other ecosystem can claim that. There is a reason they took their approach and did not rush release or development. Governments and Fortune 500 companies aren't likely to use easily manipulated, easily coded, easily hacked ecosystems that regularly have down time. They will require security, functionality, interoperability, and adaptability. Cardano is the best option.

Sidechains/partner chains will flourish on Cardano. They will use the network's security whilst being able to design and implement their own use cases.

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This cordanoh? pic.twitter.com/S6WI4J3Uzz

— Wendell ₿. Moone 80 IQ 13%er ⚡️ (@WendellMoone) October 9, 2023

Cordano, some people just like to eat it.

Solana

https://imgur.io/KQFFXlJ?r

BTC says you're welcome

Gonna grab some Cardano and dump it above $1

For those that do not get daily updates.

https://cryptonews.com/news/nerayoff-follows-through-releases-2015-vitalik-buterin-recordings-detailing-ethereum-corruption-whats-going-on.htm

https://thecryptobasic.com/2023/11/16/ethereum-insider-accuses-vitalik-buterin-of-copying-innovative-ideas-from-cardano-charles-hoskinson/

Thoroughly enjoy when the contrarians finally admit one way is better than the other.

Cardano > Ethereum

Vitalik wanting to redesign Ethereum staking and singing sweet things about UTxO says a lot about Cardano getting it right. #Cardano pic.twitter.com/KGf9jF09um

— St₳kΣ with Pride 🌈 (@StakeWithPride) November 24, 2023

https://u.today/cardano-makes-ai-progress-with-first-internet-generative-chatbot

LatinAggie1997 said:

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https://u.today/cardano-makes-ai-progress-with-first-internet-generative-chatbot

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"Buzzword salad will not save you." -Satoshi Nakamoto

LatinAggie1997 said:

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Thoroughly enjoy when the contrarians finally admit one way is better than the other.

Cardano > Ethereum

Vitalik wanting to redesign Ethereum staking and singing sweet things about UTxO says a lot about Cardano getting it right. #Cardano pic.twitter.com/KGf9jF09um

— St₳kΣ with Pride 🌈 (@StakeWithPride) November 24, 2023

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You're trying to win the wrong race, fren.

Pepper Brooks said:

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Staff - Can you provide a breakdown showing the percentage of total posts(this thread) that are Latin shilling Cardano? I'm curious.

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Shilling?
More like schadenfreude at those that have favored Ethereum.

exp said:

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LatinAggie1997 said:

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Thoroughly enjoy when the contrarians finally admit one way is better than the other.

Cardano > Ethereum

Vitalik wanting to redesign Ethereum staking and singing sweet things about UTxO says a lot about Cardano getting it right. #Cardano pic.twitter.com/KGf9jF09um

— St₳kΣ with Pride 🌈 (@StakeWithPride) November 24, 2023

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You're trying to win the wrong race, fren.

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Not racing. Understanding that Eth and Sol were flawed while others called Cardano a ghost chain and CH a snake oil salesman. Huge difference.

Go find the last post where anyone said something positive about ethereum. I'll wait.

You're literally debating no one.

Pepper Brooks said:

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Go find the last post where anyone said something positive about ethereum. I'll wait.

You're literally debating no one.

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Move on, or learn something. Show me the last post where anyone said anything positive about alt coins. Go ahead and buy when the bull cycle starts full steam.