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Votes are interesting. You are certainly in the minority, but nothing would surprise me anymore!
Also depends on what happens a week from Tuesday (and the weeks after that).
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There is much worse than low information car leasers.
Just to track easier at year end, looks like it closed at 5,808.12 Friday 10/25
Bitcoin is the apex predator of finance.
Donât be like this guy. People like this waste time and eventually end up hurting themselves in the end because they have been wrong about something as simple as money. Sad.
Anyone taking some fiat gains for end of the year? I donât see much resistance but when it comes I think these are all gonna fall 25-50%. I have some long term cap gains on my holdings so debating selling half my position
Only issue is I donât really have anywhere to park the cash. I guess I would hope Iâm catching the top and buy back for cheaper early next year.
You said it.
I donât have a better idea for what to do with my gains then leave them in the market.
Iâm also curious to see what happens with cap gains under the new administration.
I couldnât possibly seeing them go up. I know trying to time crypto can be dumb but looking at past fast gains they always crashed. The issue is if the bull run is done. My xrp is up like 400% just this month. I thought about selling it at 1.50 and it just kept booming. Pulling back now but could easily hit $3. There doesnât seem to be much resistance
Sorry, what I meant was, I could see them going down (cap gains). If I felt I had an actual good idea about where to put profits when I take them, I wouldnât even be worried about tax changes, but I donât.
So if Iâm taking gains just to take gains, maybe I want to wait a little while to see if suddenly those tax rates go down under Trump.
You cannot time the market so I think general advise is to hold on to your long term positions unless you do tax harvesting or need the spend the cash.
XRP is very speculative so if you are sitting on a huge gain, I would offload some of it to reduce your exposure. I bought it when it was $0.17 saw it go up to $3 and come back to $0.17. I sold it when it was around $0.30 many years ago. It doesnât look like a wise decision today but I donât regret it because I wanted to reduce my exposure to only BTC and ETH. XRP price was flat for the last 2 years who knows what will happen in the future.
That was also a different time period. The largest difference is Rippleâs lawsuit. That is basically settled + you have a new administration that is heavy deregulation. There is going to be a new stable coin coming from Ripple as RLUSD which is going to keep XRP up. Lastly, that time period you reference in 2018 Bitcoin was $4500~ - nobody knew crypto or believed Bitcoin would approach $100k/coin. Totally different time period. Once the RLUSD comes which is expected this week, you will see another pump in XRP potentially to $5. If it does retreat it will probably not go below $1.85-2 a coin. I believe the business use case for XRP is very much there and I think the coin is still a buy at around what it is now $2.50. If it wasnât for the frivelous lawsuit the last run up it would have been to about $5 a coin (but due to lawsuit it stayed flat while everything else pumped and established new baseline numbers). I can see it going there between now and Summer 2025 $5ish)
I am by no means an expert but have had BTC since 2014, and made cryto a large part of my portfolio in 2017 on the original binance which isnât even allowed to be used in the US anymore, now its Binance.US due to regulation as there is so much oversight now.
Here is a tip buy HBAR - check out the companies backing it. It has gone up a lot in the last week but its still very affordable .30c~ and below ATHs.
I am by no means an expert. It can triple tomorrow or tank. I donât know. My point of view is that, crypto in general is a speculative investment and if you are sitting on 10-100x gains, IMO, it is wise to offload at least some of it.
Majority rules currently!
15 days to go, looking pretty good to hold above those 10/25 numbers!
Does anybody invest in the Private Credit Funds that are out there, in particular any of these:
- Private Equity â CAZ Strategic Opportunities Fund
- Private Equity â Carlyle AlpInvest Private Markets Fund (CAPM)
- Private Real Estate â Apollo Realty Income Solutions (ARIS)
- Private Infrastructure â Apollo Infrastructure Company (AIC)
- Private Debt â Goldman Sachs Private Credit Fund (GS Credit)
- Private Debt â Apollo Asset Backed Credit (ABC)
Anything good or bad about the above listed or private credit in general. Just trying to diversify and get into some other avenues of income generation and potential appreciation.
This is NOT financial advice, but most folks I know have utilized Cliffwater, and they have been happy.
Getting interesting again!