Crypto according to Swaye

dirtysouwfdawg said:

backthepack said:

I know absolutely nothing about crypto but I bought 45k dogecoin at .013. I’ve made just over 10k. Better lucky than smart

Shut up sonics.

Swaye said:

Just read @creepycoug for the Bitcoin Bros thread so I am responding to mine. Point was brought up about taking a small position as a hedge against the USD. I can get behind that position after thinking on it a bit. I think the train has already left the station for "winning big" on Bitcoin. But, as a hedge, with a small portion of your portfolio, not a bad play. I also like @Baseman smart play to bet the market mover, not the vehicle. That seems a reasonable play no matter what happens. If it crashes people still have to pay to get out. If it doesn't, they keep buying. Wins either way.

I stick to my guns I think the crypto market is severely juiced right now. Hedge sure. Invest in the market maker. Sure. Think you are going to get rich now at these prices with my 75 year old mother thinking of getting in? Um, unlikely.

I own and manage a fireworks stand so I know what I am talking about.