Every government in the world is expanding their monetary base which ultimately means the fiat currencies will lose purchasing power at some point. BTC is a fixed quantity. I don't see how BTC doesn't go up over the next year. Only threat is some deep recession with everyone having to trade their assets to buy food but that's not likely to me.

I think everyone should own at least a little BTC.

I agree. Honestly if you have cash its REALLY easy to make money long term.

in a micro view it's a chaotic mess, but you can easily trade on 3 month peaks and valleys to hit easy gains. just make sure to stake bets on floors with like 20% of your cash pile, then re-up if it goes down or stays flat. target a get out price and dont get greedy.

i was playing around with a few hundred bucks, but decided to go big on that 4600 floor. now i'll pull out my 2k, leave in the profits, and continue to fuck around. it's not big time money, but for something that takes up no more than 15 mins per month it's fairly easy.

Yeah i was playing with a few grand then went to 5 digits, lost nearly 5 digits only to make it back and now i'm up 4 digits.

Also Russians & Saudis reached a deal. Sold my Puts, don't want to be on the short side as some of these problems are being patched up.

in the first few months i was trading crypto i got greedy betting my whole stack on minor peaks and valleys. got caught on a 3 month high, had to hold FOREVER. reinvested, then finally sold off some long positions, decided i should diversify into all coins, just in time for the entire market and all coins to plummet. held again, sold off for a break even, and changed strategies to what i do now. bet just btc, bet just long 3 month peaks, bet each time with only 20% of my stack, and buy/sell all 100% of the stack on btc over a few days on the peaks and valleys. then log off for a week and ignore it to avoid itchy fingers. its boring compared to the early days of trying to eek out a daily 1-3% compounding, but it will be a nice college fund for a youngster.

This post was edited by thesnipa on Apr 9 2020 09:45am

Should automate your strategy. Binance has a great websocket api. I'm getting 1-3% returns a day with my bot trading *btc pairs.

I've thought of doing that for sure, just didnt look too much into what platform allowed it and had the best rates. i use robinhood which i know is shit but i got a few free stocks out of it to kickstart my crypto journey.

ill look into it thanks

Most of my companies are UK ones; most casual investors have a home bias and I'm no different. With us leaving the EU I'm pretty bearish on our long term future though, so I do want to buy some more US stocks.

Apple, Microsoft, Facebook and Amazon are definitely on that list. I do think there will be a drop over the next month or two and stocks will go down, but the top notch tech companies probably won't join that trend. So I'm debating just getting them now.

I avoid highly geared companies as a rule, especially now. So no AT&T, Disney, etc for me.

This post was edited by dro94 on Apr 9 2020 11:50am

well done my friend!
crypto been good for me last three weeks as well

when everything is trending down might as well take advantage of the biggest swingers.

Unfortunately, my wife won't let me do that.