I should have not sold all my $TSLA calls but only piece. Potential was 40x with 50/50 chance to achieve, and I sold all at 4x. Sure I risked losing all left in but also had chance to 10x again. Scaling from 35% exposure to 0% at same price was not wise.
Raised my bids for BCH as it looks more and more I missed the bottom, see Dobe4Ever: https://youtu.be/G5XMzd5QMzk?t=89 Better to realize early and not aim for lower low that is unlikely to happen, but instead aim for double bottom that still has good chance to happen when BTC bottoms somewhere middle 2019.
I start to like leverage in crypto, as offered by kraken for example, very much, but since it is very high risk since crypto is so volatile, and very expensive (40% per year interest rate!), might use only when odds for crypto to start go up strong, are very much in your favor, ie: at end of sideways movement when fiat prices are already considerably higher than bottom, but Trololo undervaluation is still reaching new all time highs and most long term technical indicators are turning bullish, likely somewhere early 2021.
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https://www.youtube.com/watch?v=AjXLKKGCmM0
Biggest mistake I made in this 2 year bull market is not sticking to my plan to sell as value cryptomarket goes up. I sold when it just went down. Other than that I am at peace with myself ?
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https://www.youtube.com/watch?v=ItjFYM8CxaU
I cut the ribbon and ordered a new engine for my baby lambo. I can afford it thanks to Nxt going up so the number plate is justified! ;) Feeling fortunate and happy. Thanks all for your support :)
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https://www.youtube.com/watch?v=yaxCbYPw6PI
1. (at 6:10): People that use it to pay merchants get rewarded.
2. (11:30): Offers private transactions.
3. (12:05): Wallet is mobile, user-friendly, few buttons, intuitive yet still much possible.
4. (15:15): Is scalable and can continue to keep transaction fees low.
5. (21:00): Distributes free coins in exchange for adoption.
6. (22:35): You can secure your coins very well while not having to deal with backups, offline or hardware devices.
7. (25:20): It's still a great investment valued only at $200 Million (Was 2 days ago, just doubled but still very good investment).
8. (26:10): Focused on easy to use conditional payments and smart contracts, so that it allows u to do things fiat cannot offer.
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https://www.youtube.com/watch?v=kSA6EX6JdkM
( To see part 2: http://www.youtube.com/watch?v=uAFzKm6f_Ik )
Why I think redesigning the Permanent Portfolio into 20% stocks, 20% bonds, 20% gold, 20% cash and 20% bitcoins makes sense.
1. Explaining that Bitcoin is very volatile and will make the Permanent Portfolio much more volatile too. This is a disadvantage I am willing to accept.
2. Debunking counterargument that Bitcoin can go to zero, in contrast to the other assets. This is not true. Bitcoin cannot go to zero, though it can lose 99% of it's value, just like the other assets.
3. Why implementing bitcoin should be at the expense of all other assets, not just gold.
4. Arguments of esthetics, beauty and simplicity in favor of a 20% allocation to bitcoin, just like the others.
5. Why the permanent portfolio will become irrelevant if bitcoin succeeds in becoming a mainstream currency.
6. The Permanent Portfolio was initially designed to not just be a protector of capital but also be a grower of capital. However after deducting true inflation and costs the Permanent Portfolio is barely growing your purchasing power. Adding bitcoin to it can change that.
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https://www.youtube.com/watch?v=8LmVGVouXe4
Now that crypto market cap is 30% below Trololo's trendline we can say that undervaluation has started. Converted successfully my BCHSV into BCHABC thereby increasing my BCHABC stash with 45%. Think odds are high they will convert into BCH as they won the hash war. My fiat low ball orders for BCH have also started to reach now that we got a low of $250, so starting to load up the boat! Think odds are high low of most coins will be found only by middle 2019, for bitcoin BTC around $4500, but some coins will find their low earlier, others later. Since Bitcoin Cash has seen so much drama there is a chance we see the low already next few weeks, but if not I don't mind holding it for couple of years before real profits are shown.
Links:
https://twitter.com/Awe_andWonder/status/1053408719063707648
https://twitter.com/marcdemesel
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https://www.youtube.com/watch?v=c7XrLp6a1cY
Don't think another leg up, reaching $50k or $100k Bitcoin is probable in 2018 or even 2019, simply because for this to happen growth rate year over year should be as strong as the early days. This is unlikely with crypto already estimated at 50 million users.
Since I don't have the numbers of actual crypto users year by year I am taking a look at growth rate of internet users, a comparable technology to crypto as learning curve was also steep. There we see that such high amount of users means growth rate is not accelerating, nor steady, but decelerating already year over year.
Trololo his chart also shows that strength of bull market in 2017 was equal to the one in 2013 if you compare it to the trendline/avg price, also making it unlikely there is another leg up before we hit a multi year bear market.
Also interesting to note is that current drawdown of correction of -65% ($800B to $250B) is equal to the last bear in 2014 where it also did -65% on only 3 months ($15B to $5B). Considering this bull market went up much less in actual percentages and took 50% longer, the bear market should also go down much less in actual percentages and also at a 50% slower pace, but none of that!
This could mean either that we are more oversold and will get a better bounce than 2014 before reaching the expected $4000 (-80%) by middle/late 2019. Or this bear market will continue to be as strong and fast as the one in 2014 correcting also in total -87% ($2500) already reached in early 2019. Or worst case, the bear will indeed take longer than 2014/2015 but since it corrected already as much it will end up correcting more.
Pease share this video with your friends via facebook or twitter:
https://twitter.com/marcdemesel/status/980128950453186567
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https://www.youtube.com/watch?v=caYy8pafFeY
First buyout offer for a cryptocurrency. Let's hope Adam and the LTB community accepts and we write history!
I recorded this last summer. In the meantime NXT and LTBcoin have gone down. Today 4 Million NXT is valued around $50,000 and LTBcoin is valued around $40,000. I decided to make the same offer and thus offer to pay a premium of around 25% over market.
(Update: the offer was declined by Adam, see comments below. I made a second different offer.)
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https://www.youtube.com/watch?v=v7NGR7bz1Xw