@OldBastard
more from that month
I Gave Up And Bought Some ETH As y'all may remember, I recently invested money into 11 different cryptocurrencies, ADA, ALGO, ATOM, BCH, BTC, DASH, DOT, LTC, SOL, XLM, and XTZ. (If you need a reminder, that post is here: https://noise.cash/post/l4x37q8j .) Conspicuously missing from that list is ETH because, well ..... because I think it sucks! Gas fees for using ETH are so ridiculous that I lose money every time I touch it. Yuck! However, if you spend any time cruising the internet or looking at YouTube videos, it seems that recently everybody and their crazy cousin Ethelbert is proclaiming how Etherium is going to skyrocket in value by the end of this year. Really? Is it going to pull SHIB and the other doggy poop coins along with it? I'm old, and I'm getting tired of trying to swim upstream against the current. So ETH is going to "shoot the moon"? Fine, I'll buy some then. Which is what I did. You can see by looking at the attached screen shots from my Coinbase account that I have now invested about $100 into that piece of crap ETH. Actually, it's kinda fun to see how volatile the crypto markets are by looking at my "current" results. (This is what everything looked like this morning. God only knows what each of these coins are worth now.) BTC has recovered quite nicely, followed closely by ADA, then DASH, LTC, Stellar, and BCH. Leading the losers is Tezos, followed by a recovering (hopefully!) ALGO, DOT, and SOL. And who is now the stinkiest loser? (Although I hate ETH, it can't be included in the list of deplorables because I only put $100 into it, not $200 like the others.) Why none other than Cosmos, the very same coin I was praising just a few days ago as being the only one who held onto its value. I guess ATOM bombed? All of this is to simply point out the futility, IMHO, of trying to time something as insanely erratic as the crypto market. God bless you folks who are able to make money actively trading your crypto, but as for me, I'm going to stick to HODLING.
7 comments
I have no ETH in my portfolio at all right now. Hmm. Perhaps I should reconsider. As for Doge and SHIB, they still interest me and I think there is still quite a bit of upside for them. I stopped buying Doge though and only get more through faucets now. I was just happe to see green all over the market this morning.
Yeah, wasn't that interesting. As soon as it appears the crypto market is a dead man walking, suddenly it springs to life again. Just like the silly US stock market, which still completely mystifies me.
The stock market I understand more than anything. But it has also been one of my main sources of income in life, so I make it a point.
Okay, then WHY haven't we had a correction yet? Seems like we are way overdue for one.
I have been anticipating one for better than a year and a half, shifting my stock holdings from 60% to 40%, but so far it has yet to materialize. But it is coming. You are right. It is long overdue. I do think all of this inflation may be one catalyst that begins the process. For one, consumers are going to start pulling back spending, cutting into profits. For two, with the labor shortages which caused higher wages, and supply chain issues, and the cost of raw materials rising exponentially... This is going to hurt bottom lines.
Wow this is very great job,In this way you can improve a lot in your life,best of luck, take care of yourself ❤️
We'll see how well it works out. If I have a profit at the end of the year, I'll be happy.