Which crypto coins would you buy and be happy to not sell any until 2033?
>Hold for 7 years.<
For most people this answer is now approaching zero.
Without long term holders. We get terminal decline. โ ๏ธ
Just like all prior cycles. Current drawdown from 2022-26 crypto Cycle -
ETH - 69%
XRP - 71%
LTC - 72%
Link - 77%
SOL - 79%
SUI - 87%
ADA - 88%
AVAX - 90%
Way oversold, due a bounce, but all potentially have up to 50% declines left in them this year.
On the other side of the bitcoin and Ethereum unwind, we will need to figure out a new way to value token networks.
Perhaps fundamental analysis will take over from narratives.
65k & then 60k if bitcoin cant get back above ~73k imo
have never seen $BTC trade this weak while other crypto assets are in price discovery in ~9 years of being here
๐ช๐บ๐จ EU-WIDE CRYPTO TAX
Politico literally just leaked an internal document from the European Commission on how to collect more taxes.
The answer: EU-wide taxes on digital asset transactions and capital gains.
So while they are trying to figure out how to tax you more, you should be trying to figure out how to exit.
Because eventually, EU-wide taxation will turn into global taxation; European countries will tax their citizens globally, like the U.S. does.
Eventually may be soon.
So buy Bitcoin and get it off exchanges.
And get a second passport from a sovereign that respects your freedom.
The stock market is in what I believe is a historic,final parabolic leg of a 44 yr secular bull market.I am raising some of my targets as follows: SPX 10,000, Nasdaq Comp 36,000, DJIA 67,000, RUT 4000, QQQ 950, SMH 800, gold $7000 & silver $200. My other targets remain unchanged.
As a very rough historical pattern, markets have typically topped about 6 months after these kinds of mass exits.
Two factors that are likely to contribute to a top, whenever that occurs, are rising interest rates and Dems heading for midterm election wins (amidst their anti-AI rhetoric.)