Crypto Blowing Up

[nate]

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.

[Beautiful]

Originally Posted by slokor

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?

[Freakzilla]

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

Thanks

Originally Posted by Freakzilla

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?

[nate]

Originally Posted by Freakzilla

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?

[Freakzilla]

Originally Posted by just_smile

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.

[Freakzilla]

Thanks for your help

Originally Posted by nate

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?

[Soundofsilence]

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. ��������

[zamzam]

I dont have much BTC but its nice to see the little I have doubling in value in the last few months

Originally Posted by Freakzilla

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.

[e2free]

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

[nate]

Lil Bubble - Bitcoin's Back - Backstreet Boys Bitcoin Parody - YouTube

Lil Bubble - Bitcoin's Back - Backstreet Boys Bitcoin Parody - YouTube

[gdnimrod]

Originally Posted by nate

Buy some BTC off Coinbase, maybe even some ETH. Ignore everything else.

Altcoin 10000%+ returns for the win. Really excited about OCEAN and SOL for this bull run.

[Beautiful]

2 recent bullish articles

https://thebitcoindesk.com/2020/12/t...-brian-brooks/

https://www.coindesk.com/sp-dow-jone...ndexes-in-2021

you guys pick your lambo color yet?

[Soundofsilence]

I have 0 crypto balance, is it good time to buy ?

[slokor]

Originally Posted by Soundofsilence

I have 0 crypto balance, is it good time to buy ?

Not realy.
It was a good time to buy back in March and early April.

[Soundofsilence]

Originally Posted by slokor

Not realy.
It was a good time to buy back in March and early April.

After seeing google graph, I felt the same. Thank you for confirmation. I will wait for the price drop and ask again.

[rsot]

Originally Posted by Soundofsilence

After seeing google graph, I felt the same. Thank you for confirmation. I will wait for the price drop and ask again.

Difficulty cracking that 20k mark

[Soundofsilence]

Originally Posted by rsot

Difficulty cracking that 20k mark

Does that mean, I should buy now ?

[aspkin]

Originally Posted by Soundofsilence

Does that mean, I should buy now ?

Do you have a solution on exchange BTC to rupees?

I have some friends in India having trouble with that.

[@NasterXchange]

Originally Posted by rsot

Difficulty cracking that 20k mark

Seeing historical price data, BTC is currently performing better than expected.
However due to some economic factors and especially large companies getting into crypto, like PAYPAL, we might expect a correction. We can see that the resistance is still strong.
Remember we started the year at 7k, see where we are now...
I believe, the rally is still coming...

[Soundofsilence]

Originally Posted by aspkin

Do you have a solution on exchange BTC to rupees?

I have some friends in India having trouble with that.

Yes, its easy. I converted many times.

So many options available on paxful and on localbitcoins.

They are sending rupees in almost all the popular payment methods and some are providing cash service.

I recommend the below one and its very reputed private exchange service which is exchangerpoint.

https://exchangerpoint.com/

Basically, this one I found on paxful 2 years ago and used it on paxful many times then they started their own website so I directly use that only and it works well.Too good history on paxful of this exchanger.