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Re: Crypto Blowing Up
 

Where's nate at? :) nice posts/analysis by him in prior posts

Re: Crypto Blowing Up
 

Why coin base? Like using an unlicensed effing dentist. Hurts too much.

Are you getting coinbase?

Hope you have enough beside to feed the hamsters. :comp5:

Re: Crypto Blowing Up
 

COIN has been dropping every day since IPO.
As Bitcoin drops,so does the price of COIN

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It doesn't surprise me one bit that it escapes you. You didn't even get close! :lol:

And I never even MADE an observation about crypto. You don't seem to follow along so well.

Re: Crypto Blowing Up
 

I wonder where h4ck has been? I guess he finally graduated and had to get a job...

Re: Crypto Blowing Up
 

Right.
Easy to make observations from mom and dad's basement I suppose. Like that moronic one about losing $8k on a BTC when the price drops. Remember that one?
Shows how little you know. Truly spoken like someone sitting in the peanut gallery. Better get used to the view from there cause with that attitude thats all youll ever see.
Like I said - keep at it master tool.

Re: Crypto Blowing Up
 

Ummm... that was a statement, NOT an observation. Is English not your first language, or is it just that some of the bigger words confuse you? :spy:

Regardless... just keep selling stealth accounts from your mum's basement... you seem to be okay enough at that. You say you can almost retire now, so here's to that! :lol:

(damn, I think I used the wrong Smilie)

Re: Crypto Blowing Up
 

LOL!
That was one hell of a comeback.
Spoken like the true tool that you are.
Keep at it peanut gallery master tool!

Re: Crypto Blowing Up
 

Or...covid reared its ugly head? ...:s

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I don't see it going much lower than the 50K range

The next leg up is probably going to the 75K range

See you boys on the moon

Re: Crypto Blowing Up
 

Any bets on where itll be by year end? We going to reach 6 figures?

Re: Crypto Blowing Up
 

80 - 300k

This is why I want to go all in this weekend and just wait it out and see what happens.

Re: Crypto Blowing Up
 

This bull run I think anywhere from 100-300K will be the top

If your average coin is less than 10K per, we will probably never see sub 20K so no point in ever selling those.

Just keep lending BTC if you need to borrow fiat: nexo.io

Never realize a capital gain / pay taxes if you're only borrowing fiat against your BTC and never selling. The interest payments are also tax deductible :thumb:

Biden can suck it with his increased capital gain taxes

Right now you can earn 8% on defi by lending ETH on a dex, eventually I think it will be even easier/safer to yield interest on holding crypto. Defi is currently too new to trust it with significant money, but give it 1-2 years.

Re: Crypto Blowing Up
 

I think BC is going below $45,000 soon !
There is this saying,when retailers move in,the market has peaked !

Re: Crypto Blowing Up
 

I wish I made enough from interest to be affected by a capital gains tax increase! Up to 40k profit is zero capital gains tax...

Re: Crypto Blowing Up
 

Then it would be an excellent buying opportunity.
Hope youre right.

Re: Crypto Blowing Up
 

It could, but I have a hard time imagining a bear case scenario for BTC

govs all over the world keep printing money, you can borrow cheap capital at low interest rates, powell keeps telling the public interest rates won't be raised anytime in the future, biden increasing taxes (incentive to hold and never sell).

All this + BTC supply is halved every years and we're 6 months into a typical 12 month+ bull run

Re: Crypto Blowing Up
 

It's at 47k now, it's crashing, ahhhhhhhh!!!

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Even if it goes to 45k, the amount of people with buy orders at that price will shoot it back up.

20% corrections are normal, the last btc cycle had 9 corrections before it peaked!

Re: Crypto Blowing Up
 

It's looking juicy for first time investors. Just to clarify if some one were to buy bitcoin and never sell. Even if the market crashed and it went all the way down from the peak to $10k a bitcoin. If that said person never sells "locks in a trade" and just holds until it goes back up to a profit in a few years time ...

They've lost nothing right ? So then it comes down to only investing money that you have no intention touching for a few years right ?

Re: Crypto Blowing Up
 

Yes James, the only real way to lose is by selling.

If you own 1 btc, and the value goes down in $, then you still have 1 btc regardless :)

I think BTC will bounce shortly and we shall continue the bull run.

Very good buy in opportunity right now IMO (not financial advice)

Re: Crypto Blowing Up
 

Thanks for clarifying. On that note a lot of people with savings they have no intention of touching for a few years can easily put money in to bitcoin and forget about it until they hear news of a sharp parabolic rise on mainstream news and only then cash in.

All these experts / trolls playing with peoples emotions is to make them deliberately scared and sell at a loss to drive down the price so the big whales can come in.

Re: Crypto Blowing Up
 

And just like that its back to $52k
Guess everybody who owns a Bitcoin made $5k...? that is so NOT the way to look at it lol.

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Let's hope Biden's Tax plan doesn't pass ... I think it'll kill btc value again.

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It wont pass, a lot of people in congress hold btc so they would oppose the idea.

And even if it does pass, it would take 1-2 years to implement it

Re: Crypto Blowing Up
 

I always feel like American tax is excessive.
You pay income tax, then when you spend money, you pay more taxes, it's like double and triple dipping.

ANy ways, I frikkin hate these manipulating whales making people sell so they can buy lower then the price goes up again.

Re: Crypto Blowing Up
 

How are whales making you sell? I dont follow.

Re: Crypto Blowing Up
 

The secret formula to winning in crypto - BUY HIGH, SELL LOW!

HAHA

For real tho, these whales did manipulate the BTC price and made weak hands sell. It's a shame but also a lesson to paper handed sellers i guess

Re: Crypto Blowing Up
 

Market is shifting. Bitcoin dominance below 50% into levels not seen since 2017-18. 1st wave of ALT szn is beginning. That's what's happening. Fk Bidens tax plan & fk whales.

I personally just moved some of my ETH to CB to take profit for the 1st time since starting this in 2017. Placed a limit order to sell 9 ETH @ 3,053 to pay off the 2019 truck I financed with artificially cheap fiat back in June from a dealership that was panic selling. Took me a whole 2.5 months to mine all those ETH. Was hard work, but someone had to do it.

Re: Crypto Blowing Up
 

Well done making some money and realizing those profits!

Selling before the ETH eip upgrade though?

Re: Crypto Blowing Up
 

I'm only selling a little over 1.5% of my ETH holdings to pay debt and free up income to have more liquidity to reinvest. Altho I will most likely look back and wish I had been more greedy and sold the event, 1.5% isn't much in the scheme of things and $3k ETH is guaranteed at this point. Setting it and forgetting it is a lot easier than trying to time the market. Plus I can't look genius to friends and family until I take profit and pay for some high value item they can physically see and touch while still having a portfolio worth more than the balance on my 30yr mortgage. This will not be the last cycle, and I'm getting to the point where I've spent tens of thousands of hours watching charts, educating myself on what's going on in this space that playing this game in a bull market is practically like taking candy from a baby.

Re: Crypto Blowing Up
 

Nice to hear about your gains, well deserved with the work and research!

When do you think this cycle will end?

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I'm thinking Ethereum will most likely slowly outperform Bitcoin from now til July. I'm 100% sure ETH/BTC will cross 0.06 but could have a blow off top some where close to 0.1. DeFi projects will most likely pump harder and faster than ETH but will crash faster too. After July I think rotation will go back into Bitcoin pushing it past 100k... maybe to 150-200k in a blow off top around the end of September or October. Then ETH has the merger POW/POS coming so rotation back into ETH. Most traders will take profits before the end of the physical year for taxes so December will be painful. This market moves in quarterly cycles most likely due to taxes.

Re: Crypto Blowing Up
 

One can only dream of that scenario ! let's see what happens

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So whales sell their holdings to crash the prices, when prices crash people get scared so they tend to react without knowing about whales and think the bull run is over and they sell their coins.

Average people sell their coins, prices keep going down then whales rebuy at those lower prices, upping their coins and making profit on the sale at the same time then prices go back up even higher.

Re: Crypto Blowing Up
 

When you said outperforming as in increases in %, not the $ yes?

Since I'm not a trader, I just Hodl with the hope that BTC will hit at least 500K in 3-4 years.

3 years from now is another halving.

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You have to be loaded or rich to make it big with BTC. Its too late for miracles, but Dogecoin, xrp, and others will be making people millionaires in the future.

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I meant increase in BTC value or both Fiat value and BTC value... But if you truly believe as I do this is not the last halving and as hard as it is to believe, we are still early, fiat value is less important than BTC value...

Pro-Tip: Never judge a project on its USD value. The only chart that matters is the coin_name_here vs. BTC chart.

Next cycle stock 2 flow places Bitcoin at $1M. Plan accordingly.

Believe it or not, ETH might be as good if not better an investment than BTC. Almost all projects in this space either run on ETH or run on something that have copy & pasted code from ETH. This is not 2017. This space has matured a lot in 4 years. Ethereum is able to make changes, For BTC it is much more complicated. What Vatalik invented was Cryptocurrency economics. Not just a store of value. Ethereum is evolving. Right now Ethereum is facing the same issues Bitcoin faced in 2017 with a network that is growing faster than it can increase throughput making fees high. The upgrades that are coming this year in July or August will increase throughput by 6,500%. + Right now miners are making 100% of the fees generated from the transactions on the network. After the update in July 70% of the fees will be burnt. That Ethereum will cease to exist. On top of that Ethereum is switching from Proof of Work to Proof of Stake some time at the end of the year, beginning of next year. Proof of Work incentivizes miners (who are the validators and secure the network) to sell the Ethereum they mine to pay for power. Proof of Stake incentivizes node operators (the validators who will secure the network) to lock 32 Ethereum in a smart contract in order to run a node which is essentially mining but with out the need for expensive hardware.

It will be as if ETH had multiple halvings, but just like BTC it will take months for the supply shock to have an effect.

Re: Crypto Blowing Up
 

Well theyre not 'making' you sell. Thats the psychology of trading playing its part.
Gotta have nerves of steel when you play this game. Back in 2017 i rode it to $20k then all the way down to $3k - never sold a satoshi of it and kept accumulating.
I suppose your level of belief in this new economic system plays a big role as well - Im a true believer myself.

Re: Crypto Blowing Up
 

Takes money to make money....
Thats how its always been and how itll always be.
That includes dogecoin and all their clones. You have to look at the initial amount invested and the percentage it grew. Invest only $100 in dogecoin and you wont be a millionaire anytime soon.