Is anyone else starting to become a bit excited?

Irish_rat

BorneTobyWilde wrote: »

In reality there can't be a market that just goes up up up up up up. that is the stuff of fairytales. I hope those who can sell and make a huge killing do indeed sell and see it as mission accomplished .

Crypto is only beginning. This is going to be a multi trillion market.

Lex Luthor

Irish_rat wrote: »

Crypto is only beginning. This is going to be a multi trillion market.

I'm going to stick my neck out for a 3-4 Trillion this year

BrandonBay86

djan wrote: »

Exactly, as long as countries keep printing money as a method of dealing with unmanageable debt and we don't go back to gold backed currency things can indeed keep going up.

It’s inevitable

unplayable

https://twitter.com/dilutionproof/status/1362144510160076801?s=21

this sounds promising to say the least. 8.6 trillion funds under management. we dabble...

cnocbui

Obviously Blackrock don't listen to that idiot Dimon who runs JP Morgan:

JPMorgan thinks the bitcoin rally is unsustainable and doesn’t make much sense

https://www.cnbc.com/2021/02/17/jpmorgan-thinks-the-bitcoin-rally-is-unsustainable-and-doesnt-make-much-sense.html

Dimon, you are such a sore looser of a dick.

The CEO of one of the world’s largest banks has called Bitcoin a fraud, sending the cryptocurrency community into a tizzy. Jamie Dimon, who heads JPMorgan, said that bitcoin bubble will soon blow up and anyone investing in the digital currency is stupid.

...

Dimon made these comments at a bank investor conference in New York, calling Bitcoin a fraud ...

The value of 1 bitcoin is equal to $4,000 USD, and keeps rising. ...

Dimon went on to say that he’d fire any employee of JPMorgan trading Bitcoin, because of two reasons. “It is against our rules and they are stupid, and both are dangerous.” He said that people couldn’t invent currencies out of thin air and call themselves smart. He didn’t even hesitate to call his daughter an idiot because she invested in Bitcoin.

This is from a crook who was involved in the rigging of the LIBOR rate.

Take Your Pants Off

Hi guys,

I am a bit new to to this forum, new to crypto as well to be fair. Wanted to learn and get my hands on a bit of the action. Is this the cryptos equivalent thread of ‘’Share picks’’ in the investment forum?

EagererBeaver

Lex Luthor wrote: »

Link wallets now at 426,000

ETH had the same number of wallets in July 2016 when it was $11

Just saying

https://twitter.com/bullishgentlemn/status/1362073120593469440?s=19

Cool story bro

EagererBeaver

cnocbui wrote: »

Obviously Blackrock don't listen to that idiot Dimon who runs JP Morgan:

https://www.cnbc.com/2021/02/17/jpmorgan-thinks-the-bitcoin-rally-is-unsustainable-and-doesnt-make-much-sense.html

Dimon, you are such a sore looser of a dick.



This is from a crook who was involved in the rigging of the LIBOR rate.

Just ****ing lol.

"Idiot"

"Sore looser (sic)"

"Dick"

Lex Luthor

The way ETH is coiling it could be 2k in the morning

Daithi40

https://cryptobriefing.com/motley-fool-5m-bitcoin-investment/

obviously not a big investment by itself however Motley have a massive following of retail investors, I used to use them myself....

BrandonBay86

Daithi40 wrote: »

https://cryptobriefing.com/motley-fool-5m-bitcoin-investment/

obviously not a big investment by itself however Motley have a massive following of retail investors, I used to use them myself....

I used to use them back in the day before it became obvious they were front running their subscribers and pumping micro caps.

In the 20th December they posted an article about why they, and their readers, shouldn’t buy bitcoin.

They are scum.

cnocbui

EagererBeaver wrote: »

Just ****ing lol.

"Idiot"

"Sore looser (sic)"

"Dick"

Anyone who would ridicule their daughter in public, in a room full of influential people no less, is a dick. He used his daugter as an example of a bitcoin investing idiot. That makes him a massive dick by my standards.

He thinks cryptos and bitcoin are not things anyone should invest in. When he called his daughter an 'idiot'' BTC was €3,300. It's now €43,432. People who took his advice have missed out on a 13x increase in value. That makes him an idiot.

WTF are you doing here on this thread if you agree with Dimon?

grindle

BrandonBay86 wrote: »

In the 20th December they posted an article about why they, and their readers, shouldn’t buy bitcoin.

From 3 days ago: https://www.fool.com/investing/2021/02/14/forget-bitcoin-unstoppable-stocks-are-better-buys/

Are these guys like Forbes now, are they just allowing randos to write for them?

BrandonBay86

grindle wrote: »

From 3 days ago: https://www.fool.com/investing/2021/02/14/forget-bitcoin-unstoppable-stocks-are-better-buys/

Are these guys like Forbes now, are they just allowing randos to write for them?

Anything for clicks & suckersubs. How deep****ingvalue is called in front of congress & these boys aren’t is beyond me.

Dohnjoe

Take Your Pants Off wrote: »

Hi guys,

I am a bit new to to this forum, new to crypto as well to be fair. Wanted to learn and get my hands on a bit of the action. Is this the cryptos equivalent thread of ‘’Share picks’’ in the investment forum?

Perhaps have a look through the thread. Some of us made some good "share picks", and ultimately the two biggest ones did the best this run, BTC and Eth. Most recommendations here were to go into one or both of those, with a smaller amount into other coins.

As for catching a bit of the action, historically the down years (e.g. 2014-2016, 2018-2020) have been the "best" time to buy, when people were proclaiming crypto value to be dead and few were talking about it. There have also been aberrations, e.g. that ferocious drop in March last year, -35% in an afternoon, for the entire market. If people can buy and hold through the bad years, and take profits during the good periods (usually the good periods are shorter), they have a tendency to do quite well. Patience is king.

As for predictions, there was the first big bull run at the end of 2013, another big one in 2017, so quite a few here speculated there could be one in 2020/2021 - and it happened, a sort of market "self-fulfilling prophecy". Whilst there is little that is rational about this market, it does seem to follow in it's own footsteps. There will definitely be another bear run, that's for sure. I'd buy if prices go low enough, even though I think most of this stuff is completely over-valued at any price, can't argue with the real money gains.

Usual disclaimer: this is all personal speculation and anything could happen.

EagererBeaver

cnocbui wrote: »

Anyone who would ridicule their daughter in public, in a room full of influential people no less, is a dick. He used his daugter as an example of a bitcoin investing idiot. That makes him a massive dick by my standards.

He thinks cryptos and bitcoin are not things anyone should invest in. When he called his daughter an 'idiot'' BTC was €3,300. It's now €43,432. People who took his advice have missed out on a 13x increase in value. That makes him an idiot.

WTF are you doing here on this thread if you agree with Dimon?

Ah, so now it's about his daughter, that's what you care about so much. I know the definition of "loser" is subjective, but Dimon is a billionaire who runs one of the largest banks on earth. You're...on an internet forum, excited about paying off the mortgage on a 3 bed semi in an estate in Celbridge or Naas or somewhere. If he's a loser, I wonder what word we should use to describe y you?

Let's be very honest here, neither you, nor I, nor anybody else on this forum has the slightest clue what is going to happen to crypto in the next 10 years. It's gambling, it's fun. That's why we're all here, hoping we make a little personal fortune. Bitcoin is fundamentally flawed as a means of exchange. This is universally accepted. It's sole value in future lies as a store of value. This is also widely understood. This is simply not possible with its volatility as it currently sits. The problem here though is that people agent buying in looking for it to be stable. They're buying so that it goes 2x, 5x, 10x in the future. It's self defeating for now and there will be numerous pumps and corrections and crashes until it settles down, if it's still alive by then. Your real problem with Dimon is a fear that he's significant enough and influential enough to hurt you in the pocket by influencing the appetite for people to keep pumping it endlessly. It's worth 13x? Big ****ing deal. Gamestop went up 20x+ because a load of people on Reddit pumped it artificially for a laugh. It was great fun and seeing hedge funds take big losses was great craic, but where's the price at now?

For once, please stop getting on as if you're some sort of investing oracle (wee Buffet joke there for you that you'll doubtless not get). You, like 99% of the rest of us, are simply hoping to get a wee bit wealthier off the whole thing.

Stormington

cnocbui wrote: »

Obviously Blackrock don't listen to that idiot Dimon who runs JP Morgan:

https://www.cnbc.com/2021/02/17/jpmorgan-thinks-the-bitcoin-rally-is-unsustainable-and-doesnt-make-much-sense.html

Dimon, you are such a sore looser of a dick.

This is from a crook who was involved in the rigging of the LIBOR rate.

Dimon is a rat, like Cramer and most hedge fund managers. Have you ever stopped to ask how these guys can be so wrong so often, yet their firm remains profitable and they are in a job for so long?

He's negative on crypto while his clients are telling him to stack up and wants to buy it cheaper so he works to keep retail out of the market and can flog it to them later at a higher price via friends in the media and get his bonus(es). Clients do not ignore numbers when an asset does a 17x in under 12 months. Do not lose sight of that.

Let's not forget the JPM coke boat seized in Philadelphia in 2019.

How deep****ingvalue is called in front of congress & these boys aren’t is beyond me.

Because he helped the little guy win for a while. Now the big boys are circling the wagons. Watch how they try to pin the blame on him for having other retail traders lose their life savings by following him into GME rather than focusing on actions of Robinhood/Citadel and their phone call to the White House.

Daithi40

BrandonBay86 wrote: »

I used to use them back in the day before it became obvious they were front running their subscribers and pumping micro caps.

In the 20th December they posted an article about why they, and their readers, shouldn’t buy bitcoin.

They are scum.

they are out to make money 💰 no doubt and I stopped using them years ago, however I think my point stands insofar as they still have quite an amount of subscribers and YouTube watchers....

TheMilkyPirate

What happens in 2140 when the last bitcoin is mined? There's no reward anymore for mining so how are blocks verified if nobody is mining

EDIT : I see that they receive transaction fees still and they are the reward. So if mining takes more and more computer power to do as it goes on by the the time we get to the last mining will it only be a few big operations with quantum computers that can mine? If so, the entire blockchain will depend on them to keep working and essentially they will gain control of the blockchain and pretty much go against what the whole thing is about which is decentralisation?

The Floyd p

Hop on Cardano boys, has the same benefits of ETH but an even healthier outlook. Few more smart contracts announced this year and we're away.

TheMilkyPirate

TheMilkyPirate wrote: »

What happens in 2140 when the last bitcoin is mined? There's no reward anymore for mining so how are blocks verified if nobody is mining

Well there is still the transaction fee or gas or whatever it's called that you pay when you transfer btc. My understanding is that miners get that too. Maybe the arse will fall out of btc in 2140 or maybe the transaction fee will be sky high so it'll be worth it to still mine.

Mr. Karate

I'm interested in getting started in investing. How much do I need to get started? What else should i look into if I decide to invest?

Dohnjoe

EagererBeaver wrote: »

Ah, so now it's about his daughter, that's what you care about so much. I know the definition of "loser" is subjective, but Dimon is a billionaire who runs one of the largest banks on earth. You're...on an internet forum, excited about paying off the mortgage on a 3 bed semi in an estate in Celbridge or Naas or somewhere. If he's a loser, I wonder what word we should use to describe y you?

Let's be very honest here, neither you, nor I, nor anybody else on this forum has the slightest clue what is going to happen to crypto in the next 10 years. It's gambling, it's fun. That's why we're all here, hoping we make a little personal fortune. Bitcoin is fundamentally flawed as a means of exchange. This is universally accepted. It's sole value in future lies as a store of value. This is also widely understood. This is simply not possible with its volatility as it currently sits. The problem here though is that people agent buying in looking for it to be stable. They're buying so that it goes 2x, 5x, 10x in the future. It's self defeating for now and there will be numerous pumps and corrections and crashes until it settles down, if it's still alive by then. Your real problem with Dimon is a fear that he's significant enough and influential enough to hurt you in the pocket by influencing the appetite for people to keep pumping it endlessly. It's worth 13x? Big ****ing deal. Gamestop went up 20x+ because a load of people on Reddit pumped it artificially for a laugh. It was great fun and seeing hedge funds take big losses was great craic, but where's the price at now?

For once, please stop getting on as if you're some sort of investing oracle (wee Buffet joke there for you that you'll doubtless not get). You, like 99% of the rest of us, are simply hoping to get a wee bit wealthier off the whole thing.

I'm pretty cynical about BTC and most cryptos, in my opinion, their values are more a product of their environment, intense hype and speculation, than any underlying value. That said, I don't think the Gamestop analogy is correct, BTC has done this several times now, with new highs each time. Have to look back over it's lifetime, not just the latest "bubble".

As for validation of these crazy value rises - gold fills some outdated psychological demand for an old-fashioned hedge against the global economy, BTC seems to be filling a similar demand, but as a decentralized digital hedge. It still doesn't make much practical sense from almost any perspective, but who doesn't want some BTC on their portfolio right now. It's not all rosy, if Joe public starts dumping in too much money, global policy-makers could get concerned, and they have the ability to dramatically affect market value - although every service that gets added (Paypal, banking custody, etc) does make that more complex, and blanket regulation less likely.

wotzgoingon

Mr. Karate wrote: »

I'm interested in getting started in investing. How much do I need to get started? What else should i look into if I decide to invest?

Start out small and just spend 40k. And then build it up over a few months and drop half a mil.

cnocbui

EagererBeaver wrote: »

Ah, so now it's about his daughter, that's what you care about so much. I know the definition of "loser" is subjective, but Dimon is a billionaire who runs one of the largest banks on earth. You're...on an internet forum, excited about paying off the mortgage on a 3 bed semi in an estate in Celbridge or Naas or somewhere. If he's a loser, I wonder what word we should use to describe y you?

Let's be very honest here, neither you, nor I, nor anybody else on this forum has the slightest clue what is going to happen to crypto in the next 10 years. It's gambling, it's fun. That's why we're all here, hoping we make a little personal fortune. Bitcoin is fundamentally flawed as a means of exchange. This is universally accepted. It's sole value in future lies as a store of value. This is also widely understood. This is simply not possible with its volatility as it currently sits. The problem here though is that people agent buying in looking for it to be stable. They're buying so that it goes 2x, 5x, 10x in the future. It's self defeating for now and there will be numerous pumps and corrections and crashes until it settles down, if it's still alive by then. Your real problem with Dimon is a fear that he's significant enough and influential enough to hurt you in the pocket by influencing the appetite for people to keep pumping it endlessly. It's worth 13x? Big ****ing deal. Gamestop went up 20x+ because a load of people on Reddit pumped it artificially for a laugh. It was great fun and seeing hedge funds take big losses was great craic, but where's the price at now?

For once, please stop getting on as if you're some sort of investing oracle (wee Buffet joke there for you that you'll doubtless not get). You, like 99% of the rest of us, are simply hoping to get a wee bit wealthier off the whole thing.

My Bitcoin investments are up over 3,000%. My share portfolio is up 12% over the last year and the averaged dividend yield is 6.74%

While you doff your hat to Buffet, I ignored his advice and warnings and made a none to shabby return in the process. Don't go telling me what to do or say. If you don't like what I say, complain to a mod or reply with a contrary argument, not snide personal attacks.

My house is a not-cramped 4 bedroom one-off house in the country, nowhere near Dublin, with nice views and fields on all sides - the sort that drive most socialist boardsies mad at the thought of. I haven't had a mortgage or any debts in quite a while.

I was saying Bitcoins main value was as a store of value several years ago. Stores of value are such a bad idea that the US has this place called Fort Knox to guard one of theirs. Someone could board a plane and fly from A to B with several billion worth of bitcoin in their pocket. Gold, not so much. That is a transformative difference.

I referenced Dimon's daughter three or so months ago. Do you have reading comprehension difficulties, or do you just have a poor memory, because you replied to the post all those months ago with your typically inciteful and useful input?

cnocbui wrote: »

In September 2017, the head of JP Morgan, Jamie Dimon, called Bitcoin a fraud and publicly declared to the world that his daughter was stupid, after she told him she owned 2 bitcoin. Nice one Jamie. I hope you have to beg to see the grandchildren more than once a year.

If his daughter bought her bitcoin in late July, she would have paid about $2700 per coin.

https://www.boards.ie/vbulletin/showpost.php?p=115363081&postcount=5234

EagererBeaver wrote: »

I bet he struggles to sleep at night.

How about you cop on and go elsewhere because your behaviour is nigh on indistinguishable from that of a troll.

Dohnjoe

Mr. Karate wrote: »

I'm interested in getting started in investing. How much do I need to get started? What else should i look into if I decide to invest?

Only as much as you are willing to lose. Since no one can predict the top or the bottom, the prevailing wisdom is the invest slowly over time. Preferably when the market is low instead of high (it's "very high" right now). If you do invest, look into solid security and a way to remember passwords in several years. I've lost count of the number of friends who've frantically bought during crazy runs, forgot about crypto while it's gone down, then years later can't access it as they've forgotten the password, or lost their original phone authenticator, or changed PC, etc.

Thargor

ATH in ETH again, loving the way it's not retreating like it usually does, they tried to drop it 5-6 times in the last week and it recovered aggressively, higher highs and higher lows. Touch wood 2k before the weekend.

EagererBeaver

cnocbui wrote: »

My Bitcoin investments are up over 3,000%. My share portfolio is up 12% over the last year and the averaged dividend yield is 6.74%

While you doff your hat to Buffet, I ignored his advice and warnings and made a none to shabby return in the process. Don't go telling me what to do or say. If you don't like what I say, complain to a mod or reply with a contrary argument, not snide personal attacks.

My house is a not-cramped 4 bedroom one-off house in the country, nowhere near Dublin, with nice views and fields on all sides - the sort that drive most socialist boardsies mad at the thought of. I haven't had a mortgage or any debts in quite a while.

I was saying Bitcoins main value was as a store of value several years ago. Stores of value are such a bad idea that the US has this place called Fort Knox to guard one of theirs. Someone could board a plane and fly from A to B with several billion worth of bitcoin in their pocket. Gold, not so much. That is a transformative difference.

I referenced Dimon's daughter three or so months ago. Do you have reading comprehension difficulties, or do you just have a poor memory, because you replied to the post all those months ago with your typically inciteful and useful input?

https://www.boards.ie/vbulletin/showpost.php?p=115363081&postcount=5234



How about you cop on and go elsewhere because your behaviour is nigh on indistinguishable from that of a troll.

Troll? Almost every post in this thread from you has some sort of comment about Dimon or Buffet. There are posters like your man above coming to this thread asking "I want to start investing, how much do I need?" and then you have you coming along slamming anyone in the world of finance who doesn't shill your assets for you. That's what this is all about. You're not beating Buffet or Dimon, you're no investment sage. You simply want rapid appreciation of assets, something you know is unsustainable at current rates, especially when people ask legitimate questions of it.

You were saying bitcoin is a store of value years ago? Congrats, so was everybody. Anyone with the slightest bit of cop on understood it was fundamentally unsuitable for wide stream adoption as a means of exchange.

As for Dimon's daughter, again you know exactly what you're doing here. First, he shouldn't see his grandkids, now he "ridiculed her" (he didn't, he used her as an example of how people, such as you, thought they were geniuses, for buying something that went up in value). But yes, you're the troll here.

I'm not one to defend big banking or hedge funds, but I can't help but laugh when people bring up JPM's financing of a ship used in the cocaine trade as a way to slam high profile figures show are critical of BTC when for much of its existence, BTC's primary use case was for illegal trading on the likes of the Silk Road ffs.

Oh and congrats on your lawn btw, I'm sure it's lovely. The house in the Hamptons will be along any minute now.

olestoepoke

Mr. Karate wrote: »

I'm interested in getting started in investing. How much do I need to get started? What else should i look into if I decide to invest?

I was a little late to the party so I felt it was too late to invest in Bitcoin. Some will argue I was wrong there but BTC was already at 20k when I started so I figured why invest €1,000 to make 500, a tidy profit I know but I made a decision to stay away from it.(didn't think it would double at the time lol) You need to educate yourself as much as you can with regards to the exchanges and how they work the ins and outs of wallets (apps and cold wallets). I understand that diversity is key when investing, diversity mitigates risk so I started small and at first used the dollar cost average strategy. I bought Link, dot, ada, zil, eth, at first then over time I added a few more and now have 16 different alts. Some are performing better than others and over the last year I've made a tidy profit.

Mellor

olestoepoke wrote: »

I was a little late to the party so I felt it was too late to invest in Bitcoin. Some will argue I was wrong there but BTC was already at 20k when I started so I figured why invest €1,000 to make 500

In virtually all investments, 50% ROI is a good return over a few years, let alone in a year..

Some are performing better than others and over the last year I've made a tidy profit.

Would it have beaten just throwing the $1k into BTC.