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@jrcornel
81
Where cryptocurrency and finance meet
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666
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Location
Down by the River
Website
https://leofinance.io/@jrcornel
Created
2016-07-26 19:12
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jrcornel
LeoFinance
6y
RE: Even if Bitcoin were to drop to $20k, selling at $31k may not be the right move...
Bitcoin going no bid would be interesting. At that point the dollar will have no value and probably no purpose as everything is being bought and sold in bitcoin.
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jrcornel
LeoFinance
6y
RE: Gold is the horse with a broken leg and Bitcoin's loading the shotgun...
Good catch, yep that was supposed to read "gold will be the slowest horse", edited above.
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jrcornel
LeoFinance
6y
RE: @edicted vs @jrcornel: Who will win!?
Fair enough. Hopefully your strategy works out for you!
jrcornel
LeoFinance
6y
RE: @edicted vs @jrcornel: Who will win!?
Haha no way. My contention wasn't that bitcoin can't go to $25k. My contention was that being all out and waiting for a dip to $20k was not the right move. Also on that note, my other point was that if
jrcornel
LeoFinance
6y
RE: @edicted vs @jrcornel: Who will win!?
What happens if bitcoin goes down to $23k or so, while you are sitting at $20k to buy and then it rips from there not looking back on it's way to $60k and eventually to $100k? Was it worth missing out
jrcornel
LeoFinance
6y
RE: Bitcoin still tracking right where it should be based on previous bull markets
Ha, sure. If bitcoin goes to $20k, I will give you a 100% upvote, remind me when/if that happens.
jrcornel
LeoFinance
6y
RE: Bitcoin still tracking right where it should be based on previous bull markets
Thanks for the tip!
jrcornel
LeoFinance
6y
RE: @edicted vs @jrcornel: Who will win!?
What defines winning exactly?
jrcornel
LeoFinance
6y
RE: @edicted vs @jrcornel: Who will win!?
There are clearly smaller short-term bull markets and bear markets within the medium-term broader context of a 4 year bull and bear market cycle which is in the longer-term broader context of a bull market
jrcornel
LeoFinance
6y
RE: @edicted vs @jrcornel: Who will win!?
Ha, I hadn't seen this yet. Good post! Curious though, how do we decide who wins exactly?
jrcornel
LeoFinance
6y
RE: The Bitcoin for Corporations Event is the biggest Event for Bitcoin that no one's talking about...
Yea well he's not trying to time moves in the market, he's buying dips and expecting bitcoin to keep doing what it's done since it was created, and that's go up over time.
jrcornel
LeoFinance
6y
RE: The Bitcoin for Corporations Event is the biggest Event for Bitcoin that no one's talking about...
Did you mention HIVE?
jrcornel
LeoFinance
6y
RE: The Bitcoin for Corporations Event is the biggest Event for Bitcoin that no one's talking about...
He's said multiple times it's his treasury reserves, IE cash he's not planning on using for day to day business operations. He's mentioned multiple years as his investing time horizon.
jrcornel
LeoFinance
6y
RE: You can't afford to buy the dip unless you're selling.
True support lies in where the biggest buyers are putting their buy orders. I can assure you that the largest institutional money isn't looking at your doubling curve when deciding where to put those orders.
jrcornel
LeoFinance
6y
RE: Liquidity of HIve
That's just one Exchange. There are numerous other Exchanges that also list HIVE. Look on Coinmarket.com and the markets tab to get an idea of where a HIVE Exchange may be open to you.
jrcornel
LeoFinance
6y
RE: Grayscale Incorporates 6 more Crypto Trusts, including LINK, BAT, and XTZ among others...
Yep, though keep in mind that just because they created the trust doesn't necessarily mean they will bring it to market.
jrcornel
LeoFinance
6y
RE: Grayscale Incorporates 6 more Crypto Trusts, including LINK, BAT, and XTZ among others...
Might be a good move. Though if Grayscale does end up bringing an XTZ trust to market, there will probably be a ton of demand for the coin at some point, especially if the shares trade at a premium in
jrcornel
LeoFinance
6y
RE: Grayscale Incorporates 6 more Crypto Trusts, including LINK, BAT, and XTZ among others...
Ha! That wouldn't be so funny if it weren't so true... Though this would be significantly different. The great thing about these trusts are that they have to buy up the coin to back the shares of the trust,
jrcornel
LeoFinance
6y
RE: Grayscale Incorporates 6 more Crypto Trusts, including LINK, BAT, and XTZ among others...
Ha, yes they are. I like that.
jrcornel
LeoFinance
6y
RE: You can't afford to buy the dip unless you're selling.
I could actually show you a bunch of places in 2017 this exact thing happened... information bias seems to be kicking in my friend. On that note, just look at this chart I keep showing you... This is a
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