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Is anyone else starting to become a bit excited?

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  • Registered Users, Registered Users 2 Posts: 4,676 ✭✭✭makeorbrake


    Pdoghue wrote: »
    What I find bizarre is his stuff about blaming fiat money for the alleged lamentable state of modern art, which he maintains is incomparable with the art created during the era of the gold standard.

    Luckily, it seems I had gotten up to stick the kettle on for this bit! :D
    Pdoghue wrote: »
    He also has a thing about 'fiat food' and fossil fuel energy v renewables, and has a go at Keynes personally.
    I didn't pick up on the fiat food thing or Keynes (although I've heard criticism of Keynesian economics before and I think it's very much a conversation worth having. Remember - both that guy and Livera are fans of the Austrian school of economics). Caught the tail end of him muttering something negative about renewables - and I just thought, I've no idea what you're selling on that but I'm not buying it!
    Pdoghue wrote: »
    So it's hard to know if they have these extreme views/serious chips on shoulders/mental blocks - because they're BTC advocates, or if they are BTC advocates because they have these extreme views.#
    It's not so niche anymore so there will be all sorts of views you'll come across in crypto now. However, as with anything else - you won't agree with everything someone comes out with. Everyone has to try and make sense of it for themselves - and with that, the conclusions may differ.

    Today, I went through a podcast that drives me up the wall (Peter bloody McCormack). I'd avoided it for weeks. He talks all over his podcast about nonsensical shíte - time that should be left to knowledgeable guests. But he still has knowledgable guests on from time to time - so I had to suffer through Peter's shíte-talk.
    The point is - pick out what works in terms of informing yourself and make your own mind up from there.
    Pdoghue wrote: »
    As to where it's all going, that's what I'm trying to figure out. It's not teased out properly in these discussions beyond what the advantages of BTC are. PlanB has a plan to 'go dark' if BTC gains sufficient traction, but it's as if these guys are so caught up in their belief in BTC that they don't consider the wider societal implications.
    Yeah, I learned of PlanB's utterance on that a few months back - I thought maybe his ego or paranoia are getting the better of him...not sure which.


  • Closed Accounts Posts: 1,297 ✭✭✭Gooey Looey


    DopeTech wrote: »
    Well CRO is going through the floor. Hopefully it take a turn soon.

    CEL is going the other way, it's the platform crypto.com used to be (without the visa). Any cashback and rewards I earn on CDC I
    have started to send to Celcius


  • Registered Users, Registered Users 2 Posts: 4,676 ✭✭✭makeorbrake



    Depends on who you ask! No comment from themselves yet as far as I know. My guess is it's just a derivative due to not being able to withdraw. Problem is if Bitcoin goes to $100,000 then I'm not sure how they'd pay their IOUs.

    They were rumoured to be putting an accusation deal together for Bitgo and they have made murmurings that suggest this is just a starting point - so in that respect, it's encouraging.


  • Registered Users, Registered Users 2 Posts: 321 ✭✭Mucashinto


    I am starting to become a bit excited about my BTC.

    Bought in May and it's the best I've felt about it yet tbh. The things that were nagging me at various stages - looking like it was correlated with the stock market, it's constant rise and then quick sell off and defi/alt-coins going supersonic on a whim - all seem to have weakened atm, and not to tempt fate, but I'm all in with the 'we're going on a bull run' crowd. The mess of the US elections just strenghtening it for me tbh, the old ways are not looking good atm.

    Bring it fecking on :)


  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    giphy.gif?cid=6c09b952rmgilnkiomfsg1r53jnyzia817178xu420iw0apy&rid=giphy.gif


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  • Registered Users, Registered Users 2 Posts: 11,220 ✭✭✭✭Lex Luthor


    Mucashinto wrote: »
    I am starting to become a bit excited about my BTC.

    Bought in May and it's the best I've felt about it yet tbh. The things that were nagging me at various stages - looking like it was correlated with the stock market, it's constant rise and then quick sell off and defi/alt-coins going supersonic on a whim - all seem to have weakened atm, and not to tempt fate, but I'm all in with the 'we're going on a bull run' crowd. The mess of the US elections just strenghtening it for me tbh, the old ways are not looking good atm.

    Bring it fecking on :)

    when people start to get excited, thats when you should be wary of a retrace

    I'm sitting on the fence at the moment cos I just feel its getting a bit euphoric


  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    Incredible year as a Hodler and DCA buyer of Bitcoin. However I want it to slow down a bit, I'm not personally ready for $15,000+, had been hoping to throw one more large amount into it in about 6 weeks or so. Hopefully a little sideways action from here.


  • Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    Lex Luthor wrote: »
    when people start to get excited, thats when you should be wary of a retrace

    I'm sitting on the fence at the moment cos I just feel its getting a bit euphoric

    Yeah agree, but at the same time I think quite a few of us think that way. One could turn this around and say that when too many people are waiting for a dip to buy it, that dip won’t be very deep.


  • Registered Users, Registered Users 2 Posts: 2,760 ✭✭✭stockshares


    ETH 2.0 due to launch soon.

    https://cointelegraph.com/news/eth-breaks-multiple-records-as-eth-2-0-approaches

    Quote
    Ethereum (ETH) has hit multiple records amid news that ETH 2.0 could launch as early as Dec 1, according to crypto analytics firm Glassnode.

    Today's launch of the deposit contract introduced the ability for users to deposit 32 Ether required to participate in staking. ETH 2.0's beacon chain genesis will take place on Dec. 1 if at least 16,384 deposits of 32 ETH each are received. That’s a total of 524,288 ETH, or about $200 million worth


  • Registered Users, Registered Users 2 Posts: 11,220 ✭✭✭✭Lex Luthor


    Bob24 wrote: »
    Yeah agree, but at the same time I think quite a few of us think that way. One could turn this around and say that when too many people are waiting for a dip to buy it, that dip won’t be very deep.

    You could potentially see a lot of FOMO'ing in now as these levels havent been experienced for a long time

    I personally would like to see another retrace, I took redundancy end of Sep and want to throw some of it in, but I'm waiting to finalize my next job before committing any funds in case it drags out

    In a bit of a catch 22 as I have a 6 month contract to start in 11 days and have this funny feeling by the end of it in May the corn will be a lot higher and I'll have missed the boat, but the uncertainty of next year has me being cautious to an extent.

    I've got a couple interviews lined up in the next 4-5 days for permanent positions and if I'm successful with either of them and prices are still ok, I'll be going all in

    A small retrace now would be good for the market aswell


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  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    A great day for the parish


  • Registered Users, Registered Users 2 Posts: 21,030 ✭✭✭✭cnocbui


    Next question, does a used lambo, one careful owner, count? :cool:


  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    cnocbui wrote: »
    Next question, does a used lambo, one careful owner, count? :cool:

    A Lambo is a Lambo sir.


  • Registered Users, Registered Users 2 Posts: 11,220 ✭✭✭✭Lex Luthor


    $15k is in sight
    Had to refresh my screen to believe it
    All my alts are knocking it out of the park aswell

    Seriously considering taking some profits before Friday


  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    $15,000 was made of chocolate


  • Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    $15,000 was made of chocolate

    Is it premature to start thinking of ATH? ;-) (I am expecting/hoping for some kind of correction before that, but I have to say things are escalating quicker than I expected).


  • Registered Users, Registered Users 2 Posts: 11,220 ✭✭✭✭Lex Luthor


    Bob24 wrote: »
    Is it premature to start thinking of ATH? ;-) (I am expecting/hoping for some kind of correction before that, but I have to say things are escalating quicker than I expected).

    It was like this a few months ago when it stepped up for 9-10 days in a row and printed green candles daily

    The only thing is there can’t be too many sellers between here and 20k from the last bull run

    Let’s see how it pans out

    There’s a few people I know hiding right now and keeping their mouth shut

    I suggested to them to buy @ €5k and they all laughed


  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    Bob24 wrote: »
    Is it premature to start thinking of ATH? ;-) (I am expecting/hoping for some kind of correction before that, but I have to say things are escalating quicker than I expected).

    I didn’t expect to see $15,000 so soon, so anything is possible.

    There is little to no resistance above us looking at the charts. If not this side of Christmas, we’ll see ATH early spring. 2021 will be wild.

    I reckon still looking at a 2-3 x from here by end of 2021 so will continue to buy DCA with double buys on the dips as Fiat becomes available.

    Enjoy the ride


  • Registered Users, Registered Users 2 Posts: 2,576 ✭✭✭Irish_rat


    A few more coins added to Coinbase, mana being probably the most well known one.


  • Registered Users, Registered Users 2 Posts: 3,026 ✭✭✭crushproof


    I'm currently all in ETH, reckon I should stick or jump back into BTC? Crazy prices lately


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  • Registered Users, Registered Users 2 Posts: 18,181 ✭✭✭✭Thargor


    crushproof wrote: »
    I'm currently all in ETH, reckon I should stick or jump back into BTC? Crazy prices lately
    ETH doing well but it should be way higher, wish Id bought more BTC now though. I am loading up after the next crash.


  • Registered Users, Registered Users 2 Posts: 1,390 ✭✭✭UsBus


    Approaching 16000usd now. Insane price the last few days. The worse trump gets, the more bitcoin likes it...


  • Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    UsBus wrote: »
    Approaching 16000usd now. Insane price the last few days. The worse trump gets, the more bitcoin likes it...

    IMO, luckily this doesn't have much to do with Trump (if the spike was mostly related to Trump, Bitcoin holders would be out of luck once the election is settled).

    The election situation is a minor factor but not a driving one.

    More to do with the fundamentals, the post-halving supply squeeze, and a strong short-term FOMO-driven momentum.


  • Registered Users, Registered Users 2 Posts: 11,220 ✭✭✭✭Lex Luthor


    the crypto fear & greed index is now @ 90.....I havent seen it this high in a long time

    we need it to cool down here


  • Registered Users, Registered Users 2 Posts: 5,374 ✭✭✭aido79


    Bob24 wrote: »
    IMO, luckily this doesn't have much to do with Trump (if the spike was mostly related to Trump, Bitcoin holders would be out of luck once the election is settled).

    The election situation is a minor factor but not a driving one.

    More to do with the fundamentals, the post-halving supply squeeze, and a strong short-term FOMO-driven momentum.

    This guy didn't donate $5 million to Biden's campaign without expecting a return on it I wouldn't think....

    https://www.google.com/amp/s/cointelegraph.com/news/ceo-of-crypto-derivatives-exchange-ftx-donated-5m-to-biden-campaign/amp

    Trump has also said before he is not a crypto fan so I think a Biden victory would be more favourable for crypto in general
    https://decrypt.co/45811/what-a-second-trump-term-would-mean-for-bitcoin?amp=1


  • Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    aido79 wrote: »
    This guy didn't donate $5 million to Biden's campaign without expecting a return on it I wouldn't think....

    https://www.google.com/amp/s/cointelegraph.com/news/ceo-of-crypto-derivatives-exchange-ftx-donated-5m-to-biden-campaign/amp

    Trump has also said before he is not a crypto fan so I think a Biden victory would be more favourable for crypto in general
    https://decrypt.co/45811/what-a-second-trump-term-would-mean-for-bitcoin?amp=1

    You could also say that Democrats have a lot of MMT supporters within their ranks and that fiscal stimulus will ramp-up if they get elected (and once that type of policy is running at full steam any hard asset which lets people escape a currency which is losing public trust - such as gold or bitcoin- will be an enemy of the state).

    And you could ask what Trump has actually ever done against Bitcoin during his 4 years in power to demonstrate that he wants to go after it (answer: nothing).


    But at the end of the day, I don't think any of what you or I am mentioning has any meaningful impact with regards to the current price action. And even longer term I honestly don't think Trump or Biden makes much of a difference. The below Tweet pretty much summarises what to look for depending on who's wining what (i.e. good for bitcoin regardless :-)):

    https://twitter.com/ronstoeferle/status/1322264020628418560?s=21


  • Registered Users, Registered Users 2 Posts: 1,390 ✭✭✭UsBus


    Bob24 wrote: »
    IMO, luckily this doesn't have much to do with Trump (if the spike was mostly related to Trump, Bitcoin holders would be out of luck once the election is settled).

    The election situation is a minor factor but not a driving one.

    More to do with the fundamentals, the post-halving supply squeeze, and a strong short-term FOMO-driven momentum.

    Yes the halving has had an effect. The seizure this week most definitely. But the drop in the dollar over the past 6 months caused by the pandemic and trump's reaction to it has caused an influx to bitcoin. The election turmoil is most definitely effecting the price with current fiat instability around the world.


  • Registered Users, Registered Users 2 Posts: 2,649 ✭✭✭Whelo79


    Serious gains here. It has jumped this much so quickly since December 2017. Very similar pattern to how it blew through $14k and 15k.

    Is anyone taking profits??


  • Registered Users, Registered Users 2 Posts: 21,030 ✭✭✭✭cnocbui


    It's quite likely people are using Bitcoin to hedge against the falling US dollar. The Paypal stamp of appoval seems to have had far more of an effect than the halving.

    Perhaps some people have woken up to how much easier BTC is to deal with than gold, he says hopefully.


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  • Registered Users, Registered Users 2 Posts: 21,030 ✭✭✭✭cnocbui


    Whelo79 wrote: »
    Serious gains here. It has jumped this much so quickly since December 2017. Very similar pattern to how it blew through $14k and 15k.

    Is anyone taking profits??

    Not until my feet are on foreign soil.


This discussion has been closed.
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