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Re: Crypto Blowing Up
 

30k cracked...awesome

Re: Crypto Blowing Up
 

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

Re: Crypto Blowing Up
 

Youre one rich clown! lol
So are we going to see $50k by the end of 2021? or the end of March?

Re: Crypto Blowing Up
 

Woah.. I expected 25k sometime soon but 30k+ is a nice surprise.

Come back a year from now and 100k will be the norm.

Re: Crypto Blowing Up
 

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.

Re: Crypto Blowing Up
 

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

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?

Re: Crypto Blowing Up
 

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

Re: Crypto Blowing Up
 

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

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...

Re: Crypto Blowing Up
 

It just hit 34.9k

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

Re: Crypto Blowing Up
 

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

Re: Crypto Blowing Up
 

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.

Re: Crypto Blowing Up
 

It's inching in to 40K now.

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

Re: Crypto Blowing Up
 

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

Re: Crypto Blowing Up
 

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

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

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...

Re: Crypto Blowing Up
 

So buy or sell?

Re: Crypto Blowing Up
 

Okay , Thank you thank you.

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

Re: Crypto Blowing Up
 

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

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.

Re: Crypto Blowing Up
 

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

Re: Crypto Blowing Up
 

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.

Re: Crypto Blowing Up
 

I went with Option 2 myself.
Didnt sell in 2017 when it reach 20k and then dropped to $3k and dont regret a thing. Im in it for the long haul.

Re: Crypto Blowing Up
 

I'm still fairly new to trading. How have you overcame emotion within the markets as i understand that you can lose all of your money based on emotion? Any tips?

And fairplay, i know a lot of people who cashed out when BTC dropped a few years ago... all emotion based for them :(

Re: Crypto Blowing Up
 

The only way to lose your money is to sell low.
Patience and strong nerves (for those sharp dips).
And - a clear plan/goal as to how far you want it to go before you sell.

Re: Crypto Blowing Up
 

Exactly. It's nothing new. Pretty good opportunity to (re)buy in my opinion...

Re: Crypto Blowing Up
 

Patience and strong nerves really needed :-D

Re: Crypto Blowing Up
 

Still though wouldn't hurt to sell at a high for a couple K profit then rebuy when it dips.

But again... not even sure if it'll go lower like from 20k to 3k

Re: Crypto Blowing Up
 

With all the institutional investors now involved its hard to see the price dipping under $20k ever again to be honest.
But its Bitcoin so who realy knows.
All I know (or rather believe) is the long term upwards trajectory of this currency. Its the wave of the future and there aren't many who deny that any longer.

Re: Crypto Blowing Up
 

I'm here back after much research into bitcoin once again and here are my thoughts.

If you've money to hold for a very long time then put most of it in bitcoin and you'll be super rich as there is no reason to think this is going to fall because for bitcoin there is only upwards moving graph as time passes and no one can stop it's growth as it's problem solving technology.

0.000125% of total world population are active users of bitcoin so where is the question of loosing money in long run ? The more people becomes aware of bitcoin and starts using it, it'll increase demand and it'll increase the price as time passes. Those who are already using bitcoin, it's likely they won't stop using it so % of active users will increase and with it price of bitcoin. All details of this post has assumption of we are thinking for long time.


Short time profit people, please ignore my post. Their strategy will be different. :)

Re: Crypto Blowing Up
 

You don't need a crystal ball, 99.999% chance no matter what happens price will 10x again in another 4 years. I think you need to think longer time preference. I know for a fact your not living paycheck to paycheck so it shouldn't matter that the moneys tied up. Biden should be good for BTC & ETH so no worries there for another 4yrs. By that time, this thing will be unstoppable because the ones holding it have governments in their pockets. I think everyone's come to the realization in the last week that Big Tech is more powerful than Big Government, and how important decentralized systems are. On top of that the whole world is printing INSAIN AMOUNTS OF FKN MONEY.... While only 900 BTC are created per day and the demand far exceeds that... BTC is like Netfilx what Blockbuster is to Gold. BTC will 100x Golds market cap unless something catastrophic happens.

Let me repeat that cuz I'm dead a55 serious and not just pulling numbers out of my a55.... BTC will 100x Golds market cap just like netflix (digital) did to blockbuster (analog) unless something catastrophic happens.

Sometimes I think that we are being funnelled into #Bitcoin by design.

Other times I think it is the miracle that we need so badly at this very moment.

I really hope it’s the latter. Any thoughts on this?

Re: Crypto Blowing Up
 

and here I am excited about my SNAP shares going from under $10 to over $50 thinking I hit the jackpot.....

Re: Crypto Blowing Up
 

Don't be that naive :) BTC is just an app.. it's not limited as a resource. You can copy paste it, and create billions of copies.
Supply of crypto-coins is unlimited, so it will never ever retain value
You can speculate on it in short term, but it's just a bubble.. like a ponzi scheme, but much more complex and dificult to understand for most of people :)

Re: Crypto Blowing Up
 

#HFSP

https://i.ibb.co/1GCSkqc/have-fun-staying-poor.png

Re: Crypto Blowing Up
 

Well if you think this is what it is then I am willing to pay you trillion dollar for that copy paste thing you just mentioned.

Execute your method and give me that copy/paste thing.

Anyone else offering any such service?

Re: Crypto Blowing Up
 

Btw, if my math is right then you will see BTC at least once at 15k in next 30 days. Definately it'll explode exponentially but it's bound to fall to near 15k in next 30 days for a while.

Re: Crypto Blowing Up
 

https://coinmarketcap.com
how many you see here?

Re: Crypto Blowing Up
 

Math modelling?