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I am invested in 2 Stocks , here and QBT , both are going to change my life , for the better , 2023 will be an amazing year. Just hold on everyone
Same here 22, both could be life changing and both are now moving in the right direction.
ATB
In good company then PAS, these will come good this year. So much to look forward to with both.
ATB
... i'm confident with both Colin ... ATB to you too !
Same here PAS, very confident.
ATB
Hi All.
A long time checked out from the boards but loving to still be invested here and a few other crypto stocks. The bear market is done and now is the time for blu to flourish which I have no doubt in this happening. Sit back relax and watch this fly.
Good luck all 5p
Firstly cards on the table, I'm heavily invested here & just under 50% down.
Loads of upside BUT the crypto winter is not over. Only in my humble opinion but BTC will probably creep up a bit more, but then have a 40-50% drop (I don't think Blu will BTW).
Only when BTC hits those lower levels will the rise (to all time highs) begin. I think BTC will flush with the general stock market and then decouple from it and onwards and upwards ?????
Good luck all genuine Blu LTH ??
The ????? marks were emoji's BTW, didn't realise couldn't post them.
Pjb - I would be interested in the fundamentals behind your 40/50% BTC drop from here. The last big fall was caused by a huge black swan event and only caused a 10/15% fall which has now fully recovered and technically broken out of the downward trend. I cannot now see any further black swan events , so it is extremely hard to see why - maybe escalation in Ukraine ?
There is a fundamental flaw in human phycology in that we tend to convince ourselves of the scenario that we want. When the market reaches its peak we think it can go higher and when the market has bottomed we still think it can go lower.
Nobody knows for sure and anyone who tells you they do is lying, but for what its worth I have turned Bull on crypto and am accumulating now for the long haul.
Bitcoin due new 'big rally' as RSI copies 2018 bear market recovery
https://cointelegraph.com/news/bitcoin-due-new-big-rally-as-rsi-copies-2018-bear-market-recovery
Hi ragnarr and firstly thanks for all your fantastic input to the chat.
I'll be honest, I'd had a "couple" of beers when I posted my post re crypto and probably shouldn't have as I'm still new to trading (I hasten to add I'm not trading Blu) however, I've been doing a lot of reading and studying (to trade big name stocks not penny stocks) and I just think that when we get a big flush with the general market, I think BTC will go with it. Panic will set in and it will go below the recent low of 15k and then below that there's quite a bit of support at the 12-14k level. I wouldn't be surprised to see some kind of regulation start creeping in around this time (the likes of FTX would have made the general public scared to invest) at which time confidence will come into the market and the money will follow. Then we will see the bulls return and BTC move upwards, past the all-time highs and on to bigger and better things.
TBH, I'm just regurgitating what I have read, listened to and then put my thoughts into it.
Either way, I dont think Blu is that related to BTC and will not flush with it (may take a little hit, but hopefully we will be a lot higher than where we are now before thay happens.
Anyway, just replying to your post, thanks for your fantastic research once again and good luck all Blu LTH ??
Pjb- thanks for your candid reply. Your scenario is certainly feasible but I think would be dependent on another black swan event. Without that it looks like bottom was hit around Nov (just under 16k) with a nice rally since hitting 23k. The question is whether it has just been a bear market rally or a true signal of the end of the bear. I tend to err on the latter as the charts show a break out from the downward trend, albeit small. I now expect a period of chuntering around the 18-23range for a while the data determines inflation/recession probabilities etc.
The FOMC rate in next few days will give some signals either way and I do have concerns about our resident Russian nutter. So wouldnt be surprised to wake up one morning with BTC at 15 or 30!
Either way I am fairly certain (as certain one can be) that within the next couple of years all my crypto assets will be many many times greater than today (and BLU of course)
ATB
You're welcome ragnarr and just two things I want to reiterate:
1) I'm a long term holder and bull of Blu
2) I'm super grateful for all the sharing of research you do for this group, its invaluable - even though a lot of it goes over my head :-).
Thanks again and good luck all LTH