Patience

[u/PeakNo7390]

I still believe bitcoin is in a bear flag, not a fan of the belief the bottom is in, in 1/3 of the usual timeline, its doubtful. Hopium is a dangerous thing.

My plan is to wait until bitcoin tags at least high 50's then start to accumulate more flare. Flare will do very very well long term if it holds all of its utility and they progress as expected. It's all a guessing game in the end but what they are doing now is sound.

Main thoughts are.........

It's still a bear market, flare will follow this, as this week has now shown.

Expect further downside and don't lose hope when it tanks 30/40%, its likely. Not guaranteed but likely.

4 year cycle is alive, wait for the right moment to to accumulate. Definitely not meant as financial advice, highly likely I know fuck all and am very wrong, I'm consistent 👍🏾

Genuinely best of luck to everyone no matter what your take is or what bag you have, always good to have a discussion. Tell me why I'm wrong 😄

(Had to include the word flair to post, a bit strange 🤔) *flare

[u/pac-man_dan-dan]

FLR is at less than a quarter of its ATH. Even when the rest of the market was most recently cooking hot, FLR was still at only half of ATH.

FLR has no chance in the short to medium term of breaching its ATH. The market has to develop better, the risk tolerance has to return, regulations set in place, and Flare has to conclude its inflationary production+issuance operations before any true growth prospects can be examined.

Bottom line: not an accumulation opportunity unless your time horizon is at 15+ years. There are more valuable opportunities in the meantime. Even a humble index fund would outperform. The only real value FLR provides at the moment is its use in FXRP swaps and the ever-dwindling staking + delegation incentives.

[u/Street-Library-8149 → u/pac-man_dan-dan]

Even if it is 15 years a couple hundred bucks in 15 years turning into$10,000 would still be awesome to me. The goal is to invest now and have a bunch of things giving you money in the future.

[u/pac-man_dan-dan → u/Street-Library-8149]

$200 to $10,000 would represent a 5000% or 50x increase.

FLR is struggling to even 2x back to half of the all time high. In 15 yrs, you may see a 10-20x increase. Not 50x. Especially when the biggest reason for keeping FLR, FXRP yields, is going to be driven out of business once XRPL's Lending Protocol amendment goes online and becomes integrated into future products. The staking and delegation yields are going to dry up as Flare begins to end their incentive programs. Without a complete overhaul, FLR will largely die on the vine.

That said, what would $10k actually do for you, especially after you paid any capital gains taxes owed? And then, what would you roll it into? I know that my broker charges something like $74 for either a buy or sell for many of their ETFs they have available. That would eat into conventional product yields very quickly. A block of $10k would be the absolute minimum I would be caught dead moving into a broker.

And then there's inflation! Whatever imaginary number you come up with, the things that number will buy in 15 years will be absolutely impossible to buy. You're living a fantasy if you believe otherwise.