What's your exit strategy when the bubble finally pops?
What happens if it starts freediving, will the exchanges shut down?
What's your exit strategy when the bubble finally pops?
What happens if it starts freediving, will the exchanges shut down?
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what makes you think we're in a bubble?
I take out 50% of all profits per trade
They already shut down when BTC drops only a few thousand, if it freefalls we're all going down with it
Plus principle?
WHEN the bubble pops? I have a target of 50k per Bitcoin: when it will reach that price, I will liquidate 2/3 of my shit. It may go higher than that, but I won't care.
What if it doesn't reach 50K? What then?
I already am down. I haven't recovered from Oct.
...
The fact that you're even asking that question
The fact that the price action and price chart looks like every single bubble in the history of capitalism.
By the time it pops we'll all be rich, mate. All of us.
everyone wants it to reach 50k or more
thats why it will never dip
and if it does. everyone will buy low again and were back here.
The only way to stop crypto scaming scheme is when EU/US bans crypto shit
This. Most of us dive with ship rather than escape.
BTC IS ABOUT TO CRASH BUY RIPPLE NOW. NOT AN INVESTMENT ADVICE
>will the exchanges shut down?
The exchanges always shut down, or break, or backup, or nobody knows the price, or the rules get changed. Or the spread is so wide or nonexistent you want to kill yourself.
Even in the biggest markets this will happen. Example, the flash crash in the S&P futures. It tanked then tanked some more, the spread was 10 handles wide, which is the whole fucking day sometimes. This is a classic, it reversed nearly the whole parabolic fall, but not many were buying the bottom in garbage volume and a 10 point spread.
The fuller versions are 9 minutes but all have sound glitches.
youtube.com
POP POP POP POP
dont really care, i'm just enjoying the ride now. i've already "made it".
Seriously, how do you cash out? I sold some eth on coinbase recently and it wouldn't let me sell over 10k. What exchange lets you liquidate 6 figures without problem?
>when the bubble finally pops?
by then i'll have already made it.
market cap / circulating supply = price
$276,646,897,401 USD / 16,741,012 BTC = $16,525.10
...let's replace Bitcoin's market cap with Apple's
$884.23B / 16,741,012 BTC = $52,818.19
...let's use the S&P500's ($22.6T as of 9/30/17)
$22.6T / 16,741,012 BTC = $1,349,978.12
(not exact, as people determine the price; but this is the inverse)
SO as you can see, we're not even remotely close to a bubble
like.....when you actually math it out, there's no bubble in sight
within the next five years, Bitcoin (or its successor) is going into the millions
it'll probably be at a billion in our lifetime
I'm thinking of slowly buying gold and silver with BTC from bullionstar.com. Based in Singapore, no VAT or capital gains tax, no national or international reporting requirements. You can get it delivered, pay to store it (with BTC) or sell for cash if you go there.
Thoughts? Anyone here use that site?
market cap / circulating supply = price
$531,897,401 USD / 9,549,142,280 DGB = $.0557
...let's replace Digibyte’s market cap with Apple's
$884.23B / 9,549,142,280 DGB = $92.59
...let's use the S&P500's ($22.6T as of 9/30/17)
$22.6T / 9,549,142,280 DGB = $2366.71
(not exact, as people determine the price; but this is the inverse)
SO as you can see, Digibyte is not even remotely close to a bubble
like.....when you actually math it out, there's no bubble in sight
within the next five years, Digibyte (or its successor) is going into the thousands
it'll probably be at a million in our lifetime
...
>comparing a shitcoin to Bitcoin
nice
>comparing bitcoin to the S&P 500.
Nice
>not comparing Bitcoin to global wealth
lol
Litecoin is going to $2500 so around then