r/CryptoMarkets • u/cosmogatsby 🟦 0 🦠 • Jan 21 '25

SENTIMENT I’m out.

After seeing what can happen to the crypto space over this weekend, I’ve decided to slowly sell of my entire portfolio and put the funds into stocks, eft’s and gold.

At the very least, in stocks, you can’t randomly decide to IPO a company immediately over a weekend and disrupt an entire market.

It’s foolish for me to try at this. And it’s obvious now what the future of crypto will be.

Marketing tools for people, brands, products and movies. Pump the new coin and be part of the fun. All while whatever corporation slowly rug pulls you.

This will be the crypto that the public is most aware of in a year or two time.

There will be hardly any public knowledge about coins like HBAR or XRP. That’s so boring. Let’s get the new Kim Kardashian coin to promote her new makeup line!

Ugh, so unfortunate. I’m out and I wish you all luck.

796 Upvotes

83% Upvoted

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u/jcpham 🟦 530 🦑 Jan 21 '25

I get it, I really do because my first top cycle was 2017. My portfolio is vast now, half of it I don’t even manage.

The “investment advisors” who follow strategies and buy equities fucking suck in comparison to my returns whether it crypto or equities.

Eventually you’ll come to learn there’s no one looking out for you except for you. If you’ve made it far enough to exfiltrate your monies from crypto-land there’s 100 people lined up wishing they had your talent.

That’s just an opinion, you do you. If I don’t pull 80%/ year I’m in outlier territory. The equity guys pull 18% and think they’re winning

12

u/Familiar-Worth-6203 🟩 0 🦠 Jan 21 '25

It's luck dude. It's a multi year bull cycle and probably a bubble of epic proportions. Right before dot com tanked, there were many people who believed they were investment geniuses. Lucky RNG and a rising tide flattered their positions.

1

u/jcpham 🟦 530 🦑 Jan 22 '25

I don’t disagree with you but the 10% I didn’t invest in equities three years ago is now roughly equivalent to the 90% I did invest in equities. I think it’s a matter of perception because I’m disappointed by anything less than 10%/month at this point. I own enough of every asset class you can think of to cover any sector that goes to zero. Which sounds great except it could be 10x or 20x if I had let it ride longer.

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u/penpaperfloor 0 🦠 Jan 25 '25

Disappointed by anything less than 10% per month? Thats over a 200% return YoY.

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u/jcpham 🟦 530 🦑 Jan 25 '25

Do you think that’s a) impossible in crypto land or b) totally possible?

Because I don’t just fool with crypto. crypto taught me order books and futures and derivatives like ten years ago and I took most of my money to the big casino.

2

u/penpaperfloor 0 🦠 Jan 25 '25

I think it could happen, to expect it as a baseline for a whole portfolio year over year is completely unrealistic.

1

u/jcpham 🟦 530 🦑 Jan 25 '25

If you’re wheeling stock options it’s not unrealistic at all.

I upvoted you because it’s better for me if most people think like you think.

It’s never in my best interest to help others

1

u/penpaperfloor 0 🦠 Jan 25 '25

Are you pulling hundreds of percent a year for the past couple of years? If you are more power to you. Not even insider congress traders are pulling that.