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CryptoCurrency Discuss all CryptoCurrencies / coins and their use for personal or business purposes. Bitcoin (BTC) is possibly the best known but there are numerous crypto currencies, this is the forum to discuss them all.

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  #199  
Old 1 Week Ago
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Default Re: Crypto Blowing Up

I'm waiting until it hits mainstream again and I'm selling quickly!

Once everyone knows it's too late. I'd give us another 2-3 weeks.
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  #200  
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Default Re: Crypto Blowing Up

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Originally Posted by aspkin View Post
I'm waiting until it hits mainstream again and I'm selling quickly!

Once everyone knows it's too late. I'd give us another 2-3 weeks.
6 Weeks.....
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  #201  
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Default Re: Crypto Blowing Up

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Originally Posted by aspkin View Post
I'm waiting until it hits mainstream again and I'm selling quickly!

Once everyone knows it's too late. I'd give us another 2-3 weeks.
This is ALL what I can say about this topic :-)


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  #202  
Old 6 Days Ago
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Default Re: Crypto Blowing Up

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Originally Posted by slokor View Post
Glad I kept HODLing on to mine.
Wonder what all the nay sayers have to say about it now
There you go
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  #203  
Old 6 Days Ago
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Default Re: Crypto Blowing Up

And there's almost no chatter on the internet. Just look at this thread and the posts up until mine yesterday. This is going to be good.

Lil prep talk...

Everyone is waiting for the FOMO. It’s not going to be like 2016/17. The big boys have come to play. They don’t FOMO. They dominate. The positions they take will be colonial. They have long time horizons and they are not buying bitcoin with paychecks. Working class wholecoiners will start to be few and far between. Because buying a whole coin will require you to sell your house. This next 4 years is not just “the next cycle” it’s the next phase. Where governments will have to respond. Where criminals and hackers step up their game. Where publicly declaring that you have a whole bitcoin could be dangerous to you and you’re family. This bull run is not going to be a retail FOMO extravaganza. This bull run is the beginning of the fall of fiat. This bull run will cement Satoshi’s white paper as one of the most important documents in human history. I wouldnt be suprised if there's no 80% correction. No fall from $300,000 to 50k. Grayscale is not a weak hand.The institutions that are buying bitcoin couldn’t give a **** about “when Lambo”. They get lambos for free. They control governments. People expect that hyperbitcoinization will occur with government adoption. The companies that are and will buy in the next year, are the ones that have governments in their pockets.
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  #204  
Old 6 Days Ago
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Default Re: Crypto Blowing Up

Quote:
Originally Posted by slokor View Post
Glad I kept HODLing on to mine.
Wonder what all the nay sayers have to say about it now
Peter Schiff would like a word

This bull run will likely be different, so its gonna be hard to time the top

There's a lot more institutional buying this time, and they're less likely to panic sell like the ma and pa sellers in late 2017. To sell your BTC in 2020 it means you go back to your national/local currency, USD EU GBP. Every currency is currently getting devalued from all the money printing due to COVID. Those money printers are going to run even hotter in 2021, especially if the democrats take the US senate in January.

I bet it'l be rare to see institutions selling their BTC in exchange for a crashing USD over the next couple years.

2017 20K bull run was people hype and people buying. This time its big players buying and holding against a devaluing currency.

I think this bull run will be insane as more and more people wise up about BTC.

Check the increasing list of public buyers: https://bitcointreasuries.org/

Tie all this together with the fact that its been 6 months after the latest BTC halving. Supply of new bitcoin mined was cut in half 6 months ago. You can google search bitcoin exchanges low bitcoin supply. Exchanges are hitting historically low BTC supply.

The real question is, what color lambo you going with?
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  #205  
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Default Re: Crypto Blowing Up

I'm a complete novice to this. I've just setup a Coinbase Pro account. Where's a good place to start?

Thanks
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  #206  
Old 6 Days Ago
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Default Re: Crypto Blowing Up

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Originally Posted by Freakzilla View Post
I'm a complete novice to this. I've just setup a Coinbase Pro account. Where's a good place to start?

Thanks
First thing would be to delete that coinbase account and use a different exchange.

What do you want to achieve? Just buy some bitcoin for cold storage? Trade alt coins?
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  #207  
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Default Re: Crypto Blowing Up

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Originally Posted by Freakzilla View Post
I'm a complete novice to this. I've just setup a Coinbase Pro account. Where's a good place to start?

Thanks
Buy some BTC off Coinbase, maybe even some ETH. Ignore everything else. Get a hardware wallet, Terzor or Ledger, back up your seed phrase and move it off the exchange to your wallet. When every you think Bitcoin or ETH is about to go to ZERO... buy the fear & dollar cost average.

I dont think anyone will give you a hard time for selling at All Time Highs. If you do end up selling, buy it back when you feel the fear.

Look at it as AT LEAST a 5 year investment.

Think about it... Would the UNITED STATES GOVERMENT add a section to IRS tax forms asking if you bought cryptocurrency if this was a joke?
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Last edited by nate; 6 Days Ago at 09:10 PM.
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  #208  
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Default Re: Crypto Blowing Up

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Originally Posted by just_smile View Post
First thing would be to delete that coinbase account and use a different exchange.

What do you want to achieve? Just buy some bitcoin for cold storage? Trade alt coins?
What exchange would you recommend then?

Looking at some longer term investments.
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  #209  
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Default Re: Crypto Blowing Up

Thanks for your help

Quote:
Originally Posted by nate View Post
Buy some BTC off Coinbase, maybe even some ETH. Ignore everything else. Get a hardware wallet, Terzor or Ledger, back up your seed phrase and move it off the exchange to your wallet. When every you think Bitcoin or ETH is about to go to ZERO... buy the fear & dollar cost average.

I dont think anyone will give you a hard time for selling at All Time Highs. If you do end up selling, buy it back when you feel the fear.

Look at it as AT LEAST a 5 year investment.

Think about it... Would the UNITED STATES GOVERMENT add a section to IRS tax forms asking if you bought cryptocurrency if this was a joke?
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  #210  
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Default Re: Crypto Blowing Up

I can't sleep since I came to this forum, it contains ton of helpful posts. Thank you so much for all the people whoever has put their hardest efforts to build such a high quality and legitimate community which helps each others. A special thanks to Saijin who built amazing Q&A section in stealth guide. ��������
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  #211  
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Default Re: Crypto Blowing Up

I dont have much BTC but its nice to see the little I have doubling in value in the last few months
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  #212  
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Default Re: Crypto Blowing Up

Quote:
Originally Posted by Freakzilla View Post
What exchange would you recommend then?

Looking at some longer term investments.
Theres plenty of other exchanges you can use and plenty of peer to peer sites such as localbitcoin, paxful, localcoinswap. All will be a safer bet than Coinbase, trust me.

If you're investing a significant amount then get yourself a Trezor or Leger nano hardware wallet.

If you're investing a smaller amount then a desktop wallet like electrum will suffice.

Happy to give a more detailed response via pm if needed.
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  #213  
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Default Re: Crypto Blowing Up

My advice best to sell btc before next year its always go crazy in these months and then drop in jan Feb I am waiting for it to go little bit more up then will sell all btc
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  #214  
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Default Re: Crypto Blowing Up

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  #215  
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Default Re: Crypto Blowing Up

It could go up some more,Mnuchin does not want to aid state and non profit programs and want some of its money back from the Fed,Biden will be launching huge infrastructure bill,Wall Street is forecasting a negative GDP for 2021,all this spells weak dollar.
Taxes under Biden will go up too,if you are in high income bracket.
I watch Gold,I dont do Bitcoin,I can no longer afford to buy more gold
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