Bitcoin's 10 trillion dollar valuation is fast approaching

Oct 15…

Today is trading below price on Oct 15.

Oct 16

Take note that Puru is short NET and Peter’s price target for NET in 2024 is $180.

Endure the short term so you can play for the long term. Don’t let emotions get the better of you.

I think you knew this already. Don’t say things you don’t actually believe in.

Can’t I tease you whenever I am right and you’re wrong?

You are ruining my entertainment, you need to compensate me :slight_smile:

I entered into my crypto position with the hope that I can realize 3-4x return in 10 years, but the downside to such high returns is that one may get completely wiped out. At $20k BTC, I would be down by 60%. Given that crypto is 3% of overall portfolio currently, that would make crypto 1%. Bad, but not horrible. I would rather HODL for the long term possibility of 3-4x return by 2030.

Sound a bit low. I think many stocks can achieve more.

You are right that individual stocks may do better, but I don’t know which. My hope is that the leading crypto coins, BTC and ETH, will deliver better returns by 2030 compared to index funds like SPY and QQQ.

BTC/ETH: 3-4x
SPY/QQQ: 2x

2-3% of overall portfolio seems to be the consensus opinion for a safe level of crypto exposure. At any rate, going above 5% would make one’s portfolio susceptible to noticeable losses if crypto nosedives

Wow. Massive dump. I exited 70% of the position few days ago but damn this dump just broke through all analyst’s predictions, technical analysis, etc

Is cycle over? I honestly don’t know anymore. We may see a nasty opening in the stock market Monday if crypto doesn’t recover.

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Too much open interests on futures. $2B worth of longs got taken out in the last hour.

I’m going to wait a bit…there should be a snapback up and these kind of wicks always get tested again or get closer to it. Too scared to buy the dip for now. :flushed:

Only the big techs and a few are keeping the indexes alive. Once they go, everything will tumble, including the real estate. My confidence for a Dec all things rally has been shrunk to :peanuts: Yikes!

What fed gives, fed takes.

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We are reliving the dark days of Mar 2020!

S&P only down like ~5% from ATH. We might have to consider a possibility of December 20% correction. That will take us down to 3800. Holy guacamole!

I have a very little left of stocks at this point but wow…I might have to dump the rest on Monday.

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Why are you all panicking and speaking of dumping stocks. Why not HODL? Whatever goes down will come back up eventually in a couple of years at most

If the stock market corrects to a fair market average, we could be looking at 20-40% dump. Why would I hold through that? The real correction hasn’t even started…we are only down 5% from ATH.

You should hold because it would be a panic induced sell off - a taper tantrum. When people realize that the Fed acts slowly, not overnight, they will come back in and buy stock, thus sending indexes and crypto back up.

I like maximizing profit. :wink: The real panic hasn’t set in for both crypto and stocks. Maybe this is it or maybe not. We’ll see.

After putting in a top of 69K, Bitcoin wicked down to 42K.

69-420. Legend.

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