You are viewing a single comment's thread from:

RE: Defying disenfranchisement

in LeoFinance5 years ago

Yeah I hear you on the crypto things. I’ve been completely out of the game on all of the DeFi stuff. I have Ethereum to get into the pool and all that but I’m scared to do it and have to keep an eye on it and all that. It might be a cop out but I think that at this point I don’t think I should try and get in when things are pretty high. I’ll wait for it to die down after this bull run has taken its course, whenever that may be lol.

I also don’t feel like our crypto holdings are anything tangible right now. I could take it out and sell it and pay off some things but that’s the short term fail that many are looking for. Will I kick myself in the ass when things go way higher, if that happens? Damn right I will! I think with the big companies all buying bitcoin we might not see the price come down to a more reasonable level for quite some time unless they just dump it. I wouldn’t mind a dump for an opportunity to buy in stronger!

Sort:  

There is FOMO in the mix as well as plenty of FUD, where I wonder if all my hard work will be lost, trying to chase the dragon :)

I think with the big companies all buying bitcoin we might not see the price come down to a more reasonable level for quite some time unless they just dump it.

I suspect that the new floor of BTC at least, is going to be far, far higher than most people who have sold think it will. I don't know what that is, but I suspect that for the corporations that bought in +30, they aren't going to be dumping below that. This means that the dumps would come from very large individual holders out there perhaps.