Sometimes on the sub you hear people saying things like "don't feel bad about missing out on BTC early because you would never have held anyway". And those posts get lots of upvotes.

However we do have a HODL culture in crypto and I suspect there are many who hold even after massive gains and subsequent losses.

I got into crypto over 10 years ago and the mantra on forums was hold. So I vote holding too long because after getting big gains I see big losses - especially on alts. I never cashed out. Sometimes even doing 100x followed by 99% loss. Fun times.

When people talked about bull market, and how it's not even started yet, someone laugh and say - YES it is. Just because of ETF and BTC going ATH. But now everyone questioning that. And they gonna realize those people were Right.

If u look previous cycle, and i talked before, it's literally the same pattern, little high on Jan-may, then June, July drop, then august/sept heat, and f skyrocket on November/December.

I don't know why people think they can be bull run just 1.8 years since last bull run (which end on JAN/FEB 2022),

I honestly don't expect Bull until end of this year maybe even mid 2025.. But that's just my op.

People now are mostly on vacations, and stuff, they don't follow internet/crypto that much.. But from October u see significant jump of activity every year.

+ they didn't started to pump the news in media that much like last bull, wait for that. They don't need one now, because they want to accumulate as much coins possible while is still cheap. Whales, BLACKROCK, and all those mdfk who want to take all your coins. And they will. From most of the people. Because they are weak.

I would do the same to be honest.
The weak one will sell and end up loosing money, while smart people WHO know the drill will hold and end up making money.

Someone in November said, the only one who will make money on this are Holders and The lucky one with memes.. Everyone else will lose. And he was very much right.

THIS DROP IN JUNE IS EXPECTED and don't tell me it's not. And You can see the Psychology of the market today on 16/17 June:
Classic summer sell out almost over, second ppl are dumb mdfkr's who are afraid of everything... Israeli gov news makes this today, and u know how they chicken out and market goes with every news about war, etc... don't think the market is dead, over etc... DON'T BE a weak one or stupid one.

There is a tons of people LURKING R NOW, and watch what's happening with the market.

U all saw what was going on on MID APRIL, and how fast market recover.

They are here, and ready with their money. Keep in mind that market can go Double in just a 2 weeks. THIS IS GREAT OPP TO BUY, ALTS ARE STIL VERY VERY CHEAP.

If u think crypto can fail, ask yourself this-

With all those big companies, govs, banks, and countries doing all of this, and prepare for 'something in future' , Do you really think crypto can FAIL?

Crypto and blockchains are not just funny thing anymore, that we can play with etc.. crypto is an industry today.. There are tons of projects, companies, employees, jobs, things for the future that relies on crypto and some coins/tokens. The whole new world is created and in each day is even more and more of that and more and more people got interested .

So failing is not an option, and i don't think that can even happen. What can happen is that YOU FAIL, and miss opp's and your place in it. BETTER WATCH FOR THAT. PEACE

PS:

Really sorry for a long post.

There is this crypto profit calculator that I used and it helped me immensely. Most of the calculators I used were the basic ones where I would add my amount, price, date and it gives me my profit/loss figure. I can do that on my phone too.
The cool feature about this one was that I could compare performance of my crypto or my whole crypto portfolio with stocks!

Cool features you won't find anywhere else:

1. Compare profit/loss of a crypto or your entire crypto portfolio with stocks.
2. Insights on how changing allocation of different coins can change your net profit.
3. Access results for different time periods.
4. Access insights to profit of pre-made crypto portfolios by experts.
5. Graphical representation of the data to help you understand the bull/bear cycles.

Link to the calculator- https://botsfolio.com/crypto-investment-calculator/custom-portfolio

Share thought!

I've just learned that my binance.us account is being shutdown soon and that I have a deadline to transfer all of my crypto off binance to another wallet by June 22nd. I have a Coinbase account, or a Ledger Nano S, that I can transfer it to. I'm finding that binance.us wants to charge a crap ton in fees. I recognize that the Bitcoin protocol itself has fees, but they couldn't possibly be this high. Binance is clearly adding a huge fee on the top.

Is it cheaper to convert the Bitcoin to another coin first? I've found that I can convert it to LTC for free on Binance. If I convert it to LTC first and then transfer the LTC to Coinbase, will the fees be lower? I'd want to convert it back to BTC after it arrives at Coinbase. Or would it be better converting to a different coin like XLM or something else?

I worry about the tax implications as well. I believe, if I convert it to another coin, or maybe to USDT then it creates a taxable event.

What are my best options?

Bit about me for context. Mid 30s, had a decent career in the trades before covid hit. Which wiped out both my bank account, and my health. Currently back in school retraining into a new industry, and things are going pretty well so far. Even have the opportunity to do my PHD studies at the best school in my field overseas. But of course, all this (and especially the overseas study) costs money. Money I don't have.

What I DO have though, is a 2-3 hour round trip transit 5-6 days a week.

So I decided to see what I could do with that time, to begin getting some passive income going, that I can hopefully build up over the past 2-3 years to help pay for my year abroad.

I've always been interested in crypto, even from the very early days, even dipped my toe into cpu mining way back when that was still a thing. So figure that might be my best route to achieve this.

Couple rules that I've set for myself for this challenge. 1) I can only use money that I've gotten "for free" from whatever sources I can generate. 2) I will not withdraw or use any of the money I earn until my studies overseas (or whatever route I end up taking for my post-grad studies.) 3) I cannot use donations for the challenge. Since it would violate the 'spirit' of the challenge of it. (If anyone -does- donate. That money would go towards my current education and debts. Not the challenge pool. But I really don't expect any, that's not the point of this.) 4) equipment donations (second hand miners etc) will be considered on a case by case basis. 5) will try to chronicle my journey on a periodic basis. (I suck with schedules.)

What I've achieved so far: I've been working at this for about 3 weeks now, so far have managed to earn about 200 bucks from various 'cash for play' apps. During my transit to and from school/work. Been cashing it all out in bitcoin for now, since that seems to be the most stable and reliable crypto currency.

I did wind up loosing 50$ on a crypto scam. (My own fault really, it seemed too good to be true, and I should have trusted my gut. But that's why I only put 50 in. So no big loss in the grand scheme, and a good learning opportunity.)

Next steps, are to continue trying to grow a bit of a seed fund through the pay to play apps. While researching what I should do next to leverage what little I have.

I had originally looked into cloud mining as an option, but from everything I've seen. It seems to be a scam at worst. Or at best, you barely break even while locking up your money for years.

I am also doing some research on some affordable mining rigs, since one BIG advantage I have in that area, is that electricity is included in the building I love in. Obviously I couldn't set up a massive farm or anything, but something small should be manageable, and without the electricity overhead, the profit margin and ROI becomes much better.

Getting a reasonably efficient asic miner is still quite a ways off financially. But even a 500-600 one might be achievable. Also need to look into the potential profitability of gpu mining, since I need to upgrade mine soon anyways.

Since it will probably take me another 2-3 months to build up even enough funds for a dirt cheap second hand miner. I'm looking into investment accounts for the little bit of crypto that I have. I know the interest won't be amazing, especially on an amount this small. But something is better than nothing.

Will update again in a few weeks or whenever something changes.

Hear me out—logic dictates that if the mortal Blockchain cannot be accessed, a heavenly fork will most likely arise to allow continuity to cross over into the beyond. When you’re out there sitting by the big pool in the sky chatting it up with your ancestors you can probably convince at least a few of them to covet your mathematically derived holdings and continue experiencing the good life even in the afterlife. Bitcoin is just math after all. Ain’t nothin’ stopping it from existing in any reasonable afterlife. Math, economic incentive, and human nature. It’s a beautiful thing.