Many folks just hold for years. Some like me trade in waves while holding some longs. Nothing different than investing in stocks/metals. You buy long based on fundamentals or you trade based on various TA/momentum.
Only fundamentals that count in crypto imo are:
Is it fair to say that valua of a crypto is proportional to block chain it is on ? I am not sure I even framed my question correctly. Basically, the value is in the block chain and how useful is underlying block-chain technology. Is it so?
I don’t think it’s that simple because everyone will just create a new crypto/blockchain. In fact, many popular crypto/blockchain are fork (copied) off of bigger crypto projects and added their own flavors to it.
It’s a combination of many factors but this mid cycle pump has all been about usage of NFT. Ethereum and Solana comes to mind.
What I heard is technology behind NFT is pretty good, just like blockchain. Pity that traders trade crypto and NFTs instead of hearing entrepreneurs building useful stuffs out of those technologies.
Even petrified dinosaur turds have value. All depends on the greater fool theory.
For BTC he predicts 42K. What’s the ETH equivalent of that? I sold some ETH
Personally, I think btc will hold 40k so maybe 3k for eth? Current eth price vs 3k isn’t that far off. I just want to see some consolidation before I dive back in.
thinking of diving in CLOV for a short term trade. Do you have CLOV?
No, I got out of that around $25 a while back. 
Too busy to trade meme stocks.
Crypto seems to be in sync with stock market. One of the reason for investing in crypto is they are not correlated. This reason no longer valid?
Not only crypto, but gold, silver, real estate, all types of assets are moving in sync with stocks. Looks like all asset classes are correlated in today’s age - probably due to instant and overwhelming information available
To me,
Metals: It used to have some correlation with treasury yields, dollar strength and inflation but it’s too wacky now imo. I dabbled a bit but I gave up. I think there’s a lot of manipulation going on.
Crypto: Moves in its own cycle but cannot move when the stocks are in correction/downward spiral. I think it’s nearing an end of the 45/60 day cycle. Reset completion should happen in a week or two (according to several cycle peeps on social media), then maybe bullish again as long as the stock market doesn’t go crazy.
Real Estate: I think this used to be a lagging indicator in a bull/bearish market (based on stock indicator) but now it’s almost a leading indicator in this bullish period. I cannot wait until the stock market is ready for correction…maybe real estate will be the leading indicator this time around?
Real estate is not expected to be in a bear market for the next 20 years. As for correction, if talking about SV, it means sideways. Prices of RE is sticky and don’t go down easily. As for Austin, it has been going up for the last 2 decades, correction means slower appreciation.
Yes, I agree. Correction in a desirable market will be sideways likely. Not so desirable, 10-30% correction imo.
Lack of correlation is due to massive money printing of the last decade. Every asset is being repriced, even if the underlying business or value has not grown as much. You need more money to buy the same. What need to be looked at is how much of the price appreciation is due to increase in the value, and how much is due to loss of purchasing power of USD.
you know the funny thing about Solana? I don’t think anyone has actually USED it at scale. It just now being adopted.
meaning the “promise” is there of faster/lower gas fees but from my limited Twittering, I don’t think it is substantively being USED anywhere.
right now, SOL to me is a another meme stock i missed out on, not an APPL stock that I am upset I didn’t buy.
Happy to having my mind changed, again my research is my limited Twittering when I am avoiding real work.
Bitcoin stabilized at $46k.
