Cryptos About To Explode? Conversation with Thomas from Golddust
After a long hiatus I'm back with a great conversation with Thomas from Golddust, who interviewed me also half a year ago. We talk about past years portfolio performance, the current bearish sentiment, the poor performance of most coins vs the few outperformers, where we are in the cryptocurrency cycle and how likely it is for cryptos to go up or down from here using his Buyer Index as well as other indicators such as the Trololo chart, BTC and ETH Dominance chart, Fear & Greed index and CBBI index
Also discussing our Crypto Allocations & Kelly Criterion, Cash Out Strategies, Fiat Legal Problems and Relationship and Life Insights. Enjoy.
Altcoins are breaking free from Bitcoin, many going into new all time highs while Bitcoin continues to struggle to break it's ATH, now over 3 years old. Barely any money flows into Bitcoin while top alts get swamped. Great time to sell the top 10 altcoins that have performed the best for top 10-30 coins that will likely pump more as money trickles down. Also good idea to invest in more scalable cryptocurrencies using POS and DAG technology before it becomes an investment theme.
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https://www.youtube.com/watch?v=IrtQNLUMGuQ
Today another project is forking off from Bitcoin Cash, but again, just like with BSV fork 2 years ago, the implementation free of rent seekers succeeds in keeping the Bitcoin Cash name and BCH ticker. I'm going through the history of Bitcoin to show why Bitcoin Cash today is a great investment and needs your support.
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https://www.youtube.com/watch?v=ks0u0F9J6EM
Talking about my Crypto Portfolio, Iran Stocks and Angel Investing. Angel.co allows you to invest in startups following other reputable angel investors their lead. This way you can diversify over many projects and hit that 1000 bagger that you really need to make up for all the losses you will surely have. Only problem, you need a million plus to get access.
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https://www.youtube.com/watch?v=KBJ4oWCoM8k
The bad news is, likely not that high in the next bubble as most expect. Think highest odds only 2x ATH, around $2300. Maybe 3x = $3600, but very unlikely 4x = $4900, at which point I would keep only a minor exposure of 10% Crypto / 90% Fiat. The good news is that alts at the same time, compared to their ATH, will likely have gone up many times more than bitcoin and will allow to lock in great profits with high odds to buy back considerably cheaper.
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https://www.youtube.com/watch?v=UskaAlq8MHg
Whether it is with an investment or a girl, chasing an opportunity that ran away is not smart. Once sentiment and price changed a lot, it is no longer an opportunity and therefore you are not buying/taking one if you still decide to do so. Much smarter to accept your loss of opportunity, learn a lesson to be more confident and resolute in future and look for new opportunities elsewhere. This certainly applies to Crypto today and Girls any day.
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https://www.youtube.com/watch?v=EZ27aXlQ2-A
Masks take away the human face and make us into pawns and numbers. Don't spend your money with businesses who force you to wear it, don't vote for politicians who participate in the fear mongering. Talking my Exit Tesla & Shorting Gold, Bitcoin Cash vs Ethereum, and investing yourself vs following someone's trades.
New video, exclusive on Library: "3 Things I did Wrong While #Investing in #Tesla"
https://twitter.com/MarcDeMesel/status/1286677405361463298
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https://www.youtube.com/watch?v=h0lm9x9lDao
Odds are high altcoins will start to go up a lot more than Bitcoin once bitcoin starts to go over it's ATH of $1200 into a clear new bubble. Are you well positioned for this? Odds are high because this also happened in past bitcoin bubbles, but also because bitcoin fundamentals have weakened a lot compared to altcoins. In that regard check out what to expect from Bitcoin going forward: "Why Bitcoin Will Get Scaling Without Segwit or Large Blocks": https://medium.com/@jimmysong/why-bitcoin-will-get-scaling-without-segwit-or-large-blocks-772799fab021
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https://www.youtube.com/watch?v=b6qnBv7vl6Q