Hi Shiney. No I haven't heard of them. Just had a quick read. Not really into any type of leverage plays like that. I did swap some BTC for Solana about a year ago. I have staked it ever since. Its up about 550% compared to BTC 120%. I am still very bullish on Solana, even with all the congestion. At some point later this year or early next year, I will probably start to layer out of both my positions in Solana and a chunk of BTC.
That's why I bothered asking you for clarification. I guess I live under a rock, because it's the first time I hear about this common knowledge. The original comment was confusing to me because buying something and holding it for 1-2 years is buying and holding isn't it? I guess the definitions are somewhat relative. In any event, talk about selling like that is going to get the BTC maximalists after you with pitchforks! Take care and watch your six - they are fanatical.
My apology pmbug. I thought you were being a smartass when you said to explain it like a 5 year old. Anything can change even in 12 mths. No guarantees. I might have expectations. However, just like what happened with the Luna and FTX collapse, you still need your dancing shoes on just in case. I just got out in time with the Luna collapse and eventually got hit with Solana value capitulating from SBF crap. The BTC maximalists live in a different world to me even though I agree with alot of what they have to say. I won't sell all my BTC even during a downturn, as I value BTC as a prime hard asset over the very longterm. My goal is to accumulate more BTC during each 4 year cycle. To do that will mean I will be selling an amount of BTC at specific times of the cycle and re-accumulating at other times. That I think is what PlanB was alluding to. There are certain times to buy and sell over the 4 year cycle.
I could be a right smartass in my youth, but I've mellowed out in my middle age. These days, I prefer honest engagement. Cheers.
Some of you maybe interested in this website. It has many different indicators, charts, projections. https://charts.bitbo.io/
Came across this Youtuber discussing Hal Finney speaking at a crypto convention in 1998 along with 3 people at the conference, when combined with all 3 names Satoshi: SATOSHI Hada Naka: Toshiaki TaNAKA Moto: Naohiko UraMOTO. Now put all 3 names together - Satoshi Naka Moto Now considering it was 11 years before BTC became public, this paves way for an interesting story.
Onchain data suggests otherwise: https://cryptodaily.co.uk/news-in-c...oin-whales-balance-return-to-pre-ftx-collapse
How do they define whales. IMO whales would be exchanges, if there’s record highs in uninformed money coming into the market, it’s perfect for large holders to liquidate. Suckers come in for smart people to get out in profit.
Wallets that hold more than 1000 BTC I'm pretty sure. What makes you think the USD is going higher? And what level do you think the DXY will reach before the end of the year?
Needs to rebalance before going lower. This might be a bullish week for DXY. End of year... Hm, intermediate term target would be 108.836, longer term I see it lower.
Ok. I'm amused by reports in the US media saying markets are watching and waiting for inflation data in order to see how The Fed reacts. I doubt The Fed will react at all for some time and therefore I think the DXY will be rangebound in the 100 - 105 channel for the remainder of the year.
We will see! So far I like the look of dollar going higher. It has cleared important levels on a MWD basis, and is now reaching for buyside liquidity. I do think inflation is also going to go higher, copper prices are screaming this.
Political winds have shifted here in the USA... https://x.com/RyanSAdams/status/1793397346165838216 https://x.com/pmbug/status/1793661860090441751
