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Could you please explain a bit how ?
Sorry, I know it's dumb question but right now I can't think much as I'm restless due to something going on.

I remember you saying such things repeatedly and always wondered to understand co-relation.

JamesNorth101

01-03-2021 09:32 AM

Re: Crypto Blowing Up

Quote:

Originally Posted by Soundofsilence (Post 1134484)

As the $ goes down importing costs more. I expect a lot of US food is important.

Something that used to cost $1 to import now costs $1.05 to import > increases price

Not sure about stamps... the price of fuel in the US may well go up as the value of the $ goes down though as again lots of it is imported so that may see a corelated increase in the price of stamps. I doubt it though

Tumbac

01-03-2021 09:37 AM

Re: Crypto Blowing Up

I am so stupid, I sold out my BTC when it was 15k and I was thinking I made some profit haha.
What do you think guys? Should I buy now at 33k or wait to drop to 20-25k?

quest

01-03-2021 02:57 PM

Re: Crypto Blowing Up

There might be some kind of manipulation, as it was few years ago :)

Beautiful

01-03-2021 03:33 PM

Re: Crypto Blowing Up

Quote:

Originally Posted by slokor (Post 1134020)

So close to $30k...
Oh well...
So what are the predictions for 2021? Anyone thinking itll break $50k?

I think we'll get close to 100K this cycle, probably wise to take some chips off the table around 45K and then 85-80K if it gets to those levels. 50K and 100K will probably be tough psychological levels to break

Personally I'm keeping an eye on things like an ETF and Fidelity. Once your friends/family are buying again, we're probably close to the top of the cycle, kind of like the 2017 cycle

But this time is different, so who knows. I can't see institutions selling BTC in exchange for a devaluing currency. The previous cycles were mostly retail and we didn't have Covid & crazy global debt

slokor

01-03-2021 05:01 PM

Re: Crypto Blowing Up

I still remember several individuals (that shall remain unnamed) who were bashing on Bitcoin only a year or two ago saying the whole thing was going to collapse. I recall one specifically who was laughing at HODLers and calling us all fools who will regret it all when BTC crashed to $100.
Wonder where he is now...

SaiJin

01-04-2021 11:43 AM

Re: Crypto Blowing Up

Quote:

Originally Posted by nate (Post 1134321)

Good morning to everyone...
Except those who thought I was a clown over the last 4 years for spending $60k on computer hardware in 2017 & 2018 and mining through the bear market out of pocket

$33k BTC
https://i.ibb.co/5Fdz6Y4/Capture.png

It just hit 34.9k

What's your prediction, Nate? I'd say at least 40K in the next few months tops.

rsot	01-05-2021 02:36 AM

Re: Crypto Blowing Up

Quote:

Originally Posted by Beautiful (Post 1134537)

Interesting - given that larger institutions have been pushing acceptance even more so

@NasterXchange

01-05-2021 06:06 AM

Re: Crypto Blowing Up

Quote:

Originally Posted by slokor (Post 1134555)

hahah so true :-D

Well really nobody could know but they were some good signs all the time.

Some institutions started already buying in mass bitcoin and other will follow.

Also the recent absurd proposals of Fin CEN are showing that interest keeps growing dramatically in the US. Let's see how the future will look like.

SaiJin

01-07-2021 12:48 PM

Re: Crypto Blowing Up

Quote:

Originally Posted by @NasterXchange (Post 1134852)

It's inching in to 40K now.

This is exciting, when's a good time to sell usually?

barbarosserbest

01-07-2021 01:05 PM

Re: Crypto Blowing Up

Should we sell right now :) what is a good strategy any recomendation

rsot	01-08-2021 05:11 AM

Re: Crypto Blowing Up

Certainly doesn't seem like too late to jump on or off the bandwagon

Tumbac

01-09-2021 08:32 AM

Re: Crypto Blowing Up

Damn 41K

I think its taking some time off to 35k or staying at 40k and in a few months its going to explode again

nate	01-09-2021 12:31 PM

Re: Crypto Blowing Up

GrayScale starts buying again beginning of FEB. GrayScale does not sell, only onboard new contracts at a premium and acquire more BTC.

https://hackernoon.com/grayscales-gb...t-slow-0gu340l

Your welcome...

Freakzilla

01-09-2021 08:00 PM

Re: Crypto Blowing Up

So buy or sell?

SaiJin

01-09-2021 09:47 PM

Re: Crypto Blowing Up

Quote:

Originally Posted by nate (Post 1135520)

Okay , Thank you thank you.

So this means the price will explode again in Feb if they just buy to hold.

SaiJin

01-11-2021 01:04 PM

Re: Crypto Blowing Up

Wow just like that BTC dipped to $31k after reaching 41K.

slokor

01-11-2021 01:10 PM

Re: Crypto Blowing Up

You make it sound like you've never seen BTC action in the past :)
No big surprise that we're seeing a correction. Itll stabilize and start the slow climb again soon enough.

yankee

01-11-2021 01:13 PM

Re: Crypto Blowing Up

I plan on moving some cash to BTC in the next weeks. If only I had a crystal ball

SaiJin

01-11-2021 01:20 PM

Re: Crypto Blowing Up

Quote:

Originally Posted by slokor (Post 1135827)

You make it sound like you've never seen BTC action in the past :)
No big surprise that we're seeing a correction. Itll stabilize and start the slow climb again soon enough.

hehehe, true true.

I'm trying to decide between 2 things.

1. sell most when it hits 40K again then wait until it drops back down to below 10K . (But risk that it'll never go below that ever again)

2. Hold for the next 10 years till it hits over 6 figures.

My finance friends keep telling me to hold for a very very long time.

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