@StackSatsIO@rajatsoni Just to clarify I’m not saying sell #bitcoin here. I think we see 100K by the end of the year or early 2025. But I think if you haven’t bought yet, I don’t think buying here is the best idea personally. I haven’t personally sold any of my long term #btc holdings
@Zeunoiq@rajatsoni That’s what we saw at the end of 2022 and most of 2023. But now there is a renewed optimism and money will trickle into riskier assets such as #Ethereum and #Altcoin retail will slowly start coming back in and they mainly buy alt coins not #BTC
@StackSatsIO@rajatsoni#bitcoin is literally an investment for 99.9% of people. The majority will eventually sell it for USD, I don’t get this idea of having to hold on to it for ever. It’s a good investment and protects you from monetary debasement but it’s not risk free
@rajatsoni If your aim is to acquire as much #bitcoin as possible it makes sense to try and buy at good times. It was very obvious that this week was not the best time to buy
@rajatsoni This is what I mean by the opportunity cost. There alway is one to consider in every decision. So that is all I was trying to say, data and history suggests that we are entering a period where alt coins and #Ethereum will outperform #BTC
@rajatsoni I understand and respect your point of view. Me personally I just see #BTC and crypto as investments and I don’t feel the need to be all in on Bitcoin I just want to try to get the best returns. So #Ethereum and other Alt coins are probably a better buy here than #Bitcoin
Price action looks a bit dodgy today. I think if you have significant amounts in crypto it’s worth hedging with some shorts. Because if the #BitcoinETF is rejected or delayed we are going straight to 38k minimum #BTC
Many altcoins have retraced there whole move up today and looks like #btc might do the same. May end up range bound between 40-44k longer than we were thinking
#ETH continues to perform badly compared to the market. Hoping it can get some hype but maybe the chain is starting to lose its competitiveness compared to chains such as #solana. The fees on ethereum are ridiculous and make it almost unusable for the average person.