nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

Child Item

Is anyone else starting to become a bit excited?

q85dw7osi4lebg

As per title, have we reached the bottom ?

Don't think we'll see the likes of $3200 ever again.

$5150 at time of posting.

Back in the mainstream media once more.

Find more posts tagged with

Quick Links

Comments

q85dw7osi4lebg

Wombatman wrote: »

Everything sold now. Going to sit back and wait for the next substantial correction. I expect BTC to be below 18k in the next 3 months.

Last buy was in May 2019.

Would it not have made sense to keep buying from May 19 - November 20 while it was between 4 and 11k let alone 18k? May have been more fruitful than waiting on the next dip (which yes will likely happen).

jmlad2020

Wombatman wrote: »

Everything sold now. Going to sit back and wait for the next substantial correction. I expect BTC to be below 18k in the next 3 months.

Last buy was in May 2019.

Sold for what, Euros? USD tether? What is your method? Tempted to convert to stable coins myself. Insane interest on offer on BlockFi etc

Wombatman

Everything sold now. Going to sit back and wait for the next substantial correction. I expect BTC to be below 18k in the next 3 months.

Last buy was in May 2019.

Grumpypants

I gave up trying to trade. On paper it looks good, if I sell here and buy there I'll make 20%. But as we saw today it only take one sale at a fake peak to eat into all the little gains you made.

Just buy what you can afford and hold it. I've made way more that way and your nerves will thank you for it.

donnaille

Lex Luthor wrote: »

if you have a youtube channel which is constantly getting strikes for mentioning certain words/phrases/topics and you have a big following, then I can see why this could benefit those, I'm not one so its not somewhere I'll be checking regularly but I have watched a stream or 2 on there so it wasnt an issue

Quoting only the part that I believe isn't the scope of this project - Theta is about video relay. Content will still continue to be accessed through some of today's major platforms (YouTube, Netflix, Twitch etc.) and will still be subject to the same controls, but its delivery (to some users) will be provided by Theta's CDN. In this way it's an infrastructure layer, so in competition with CDN's like Amazon, Akami etc. It's been a while, as I mentioned, since I've looked into it, but this was Theta's claimed differentiator, and is the only thing that potentially makes it a worthwhile investment vs. being a video sharing platform, of which there are too many to begin to name.

Dohnjoe

Starting to see a lot of news stories on this, that was a big driver in 2017

UsBus

Addison Fancy Macrame wrote: »

I couldn't be arsed with trading but maybe you want to look at trailing stop losses.

Ya think i've learned my lesson with trying to trade it.. Impossible to know where it's headed. Great to be in this position now though. Didn't think i'd be here after the end of 2017.... Roll on 30k....!!!!

q85dw7osi4lebg

UsBus wrote: »

Anyone thinking about stop losses...? I always end up pricing it too close and a tiny correction picks me off and then shoots back up again. I want to let it run but don't want to miss a chance for profit..

As others have said it's rocketing now with some many piling in. It would make you wonder how badly traditional fiat is getting with this run..

I couldn't be arsed with trading but maybe you want to look at trailing stop losses.

q85dw7osi4lebg

Be careful it just crashed $1400 to........

......... $22400

UsBus

Anyone thinking about stop losses...? I always end up pricing it too close and a tiny correction picks me off and then shoots back up again. I want to let it run but don't want to miss a chance for profit..

As others have said it's rocketing now with so many piling in. It would make you wonder how badly traditional fiat is getting with this run..

q85dw7osi4lebg

Drafting my notice

Bob24

Now passed 23k ... I can’t keep track anymore!

deathbomber

makeorbrake wrote: »

Your definition or mine - quite happy to use either.

Bitcoin - yes, it's now an option - but not ideal for the purpose just yet until it settles.
Gold - it's a lot less easy to get in and out of for the average joe.
Shares - I guess so - but the vast majority of folks don't bother with this.

Agree 100%. This is what governments exploit - and it's why its inequitable.

This year has framed it perfectly.

(ps. you're all waking up to BTC in the 22,000s - need to go get some kip. Keep her topped up - I don't want it a cent under 22k when I get up! )

Indeed, all i can say is, take some profits during the bull run, ideally you should take profits to break even and then let the rest ride until you seem fit.

The main threat to btc are governments/regulations, don't think they will just sit and watch, sooner or later the heat will come in a big way and may tank the price, as indeed we seen before.....anyway, be wise and enjoy

makeorbrake

Bob24 wrote: »

I get what you mean, but I’d rather say it is a tax on savers which are not financially savvy (which is a majority of them).

Your definition or mine - quite happy to use either.

Bob24 wrote: »

While the less well off tend to do it less, you don’t actually need to be that wealthy to start putting some of your savings into gold, or Bitcoin, or even shares.

Bitcoin - yes, it's now an option - but not ideal for the purpose just yet until it settles.
Gold - it's a lot less easy to get in and out of for the average joe.
Shares - I guess so - but the vast majority of folks don't bother with this.

Bob24 wrote: »

The main “problem” is that a large part of the population doesn’t fully understand inflation and allows themselves to be “taxed” by negative real rates (and of course no government has any incentive to explain it at school).

Agree 100%. This is what governments exploit - and it's why its inequitable.

Bob24 wrote: »

But I actually think it is slowly changing. While negative real rates have been a thing for a while and remained mostly unnoticed by the average person, the psychological impact of zero and negative *headlines* rates is causing more people to question what’s happening with their money.

This year has framed it perfectly.

(ps. you're all waking up to BTC in the 22,000s - need to go get some kip. Keep her topped up - I don't want it a cent under 22k when I get up!

)

Bob24

makeorbrake wrote: »

Beyond that, I'm a firm believer that inflation is a tax on the less well off (anyone who doesn't have assets)

I get what you mean, but I’d rather say it is a tax on savers which are not financially savvy (which is a majority of them).

While the less well off tend to do it less, you don’t actually need to be that wealthy to start putting some of your savings into gold, or Bitcoin, or even shares. And I also know relatively well-off people who are keeping a large part of their wealth in savings accounts (their home being their only really hard asset).

The main “problem” is that a large part of the population doesn’t fully understand inflation and allow themselves to be “taxed” by negative real rates (and of course no government has any incentive to explain it at school).

But I actually think it is slowly changing. While negative real rates have been a thing for a while and remained mostly unnoticed by the average person, the psychological impact of zero and negative *headline* rates is causing more people to question what’s happening with their money.

makeorbrake

grindle wrote: »

One thing that comes up too rarely on the Bitcoin subs (but it does come up occasionally) - if BTC is challenging traditional money or markets in any reasonable way in the future, something very bad has happened and hyperinflation is on the cards if not already happening. Even if you're BTC rich in that instance, either something gravely bad has happened or Q.E. has become so much of a norm beyond what it already has that people are pushing spare money into a speculative asset as a safety feature for value - which we're all doing unless we're just degenerate gamblers *cough*.
Great for people who've been buying earlier, worrying for the world at large.

Hard money (i.e. bitcoin) gives wayward central banks and governments an incentive to do better. The only thing bitcoin/crypto is lacking is killer UX to really drive that home. Then it would be used by regular folk in places like Turkey, Iran, Venezuela, Zimbabwe, Argentina, etc. (rather than the more technically savvy).
Beyond that, I'm a firm believer that inflation is a tax on the less well off (anyone who doesn't have assets) and in the longer run, I want to opt out entirely. Things aren't settled enough for that just yet - I'll have to wait. I never got into this for the speculative gain but if I have to make some $ on it as it matures, fair enough!
As regards things being bad, the current monetary system doesn't work. It's all that we know but if we zoom out, it's only been around for a short period of time relatively. It's not bitcoin/crypto that's the grand experiment - it's sovereign (unbacked) money! Eventually, the music will have to stop and we'll need to switch to another system (via a Bretton Woods 2).

mr_serious1

Sorry to go off topic but I bought in 2017/beginning 2018 and I'm pretty sure I didn't touch coinbase since then, but my recent transactions shows my 200 euro of litecoin was transferred on June 2019. The icon that's beside it is like a black background with 3 vertical blue bars, longer one in the middle and two equal shorter ones to the left and right.

Any ideas? Could this simply be stolen? Any way of knowing for sure?

deathbomber

makeorbrake wrote: »

BTC teaches us all to have low time preference. :cool:

i decided to completely take my mind off it over the last 1.5 years (for the most part), i knew it would come back, never bought more, even at 2k ish last year, glad i rode it out, interesting rally today, still, there will be a correction and hopefully a huge alt rally. However, i have doubts over the "huge" part for the time being, i fully expect it to happen at some stage, some top projects are going the same path as bitcoin (never worth the same value), it may take 3 or 4 years though. Eth looks bang on course for circa 5k within the next few years if not sooner. Interesting times :cool:

makeorbrake

deathbomber wrote: »

it feels good, real good, has been a rough couple of years :cool:

BTC teaches us all to have low time preference. :cool:

deathbomber

Dohnjoe wrote: »

Very strange bull run, reminds me much more of the early 2017 run rather than the insane late year one.

The alts outside the top 25/50 haven't done much, just tagging along, will be interesting to see if they start to take off at some stage.

alts didn't start to really take off until mid January of 17, if memory serves me right, getting old though:pac:

deathbomber

it feels good, real good, has been a rough couple of years :cool:

q85dw7osi4lebg

grindle wrote: »

insert crash emoji
Too much positivity with no normies buying in. Whenever the train stops the 30-40% drop is gonna be hilarious.

I don’t know if hilarious is going to be the word. I’ve bought pretty much every single dip in almost 3 years and I’m doing ok, dips are gifts.

Dohnjoe

Very strange bull run, reminds me much more of the early 2017 run rather than the insane late year one.

The alts outside the top 25/50 haven't done much, just tagging along, will be interesting to see if they start to take off at some stage.

grindle

Bob24 wrote: »

It is sound logic and for sure this is one of my scenarios in the short term. But I don’t think it is a given at all.

It is now very clear that *a lot* of institutional money is fuelling this rally, with institutional interest rising by the day. This inflow could prevent such a deep crash.

I'm not saying a crash from now, even if it might happen. But if it starts hitting past 25-30k...beyond...? Has to happen sometime. I think, anyway. $30k is >7x for people buying stuff when it was $4k, it's hard for people who got in 1 year prior to not sell off if they went from €1000 to a nice second hand car.

Bob24

grindle wrote: »

insert crash emoji
Too much positivity with no normies buying in. Whenever the train stops the 30-40% drop is gonna be hilarious.

It is sound logic and for sure this is one of my scenarios in the short term. But I don’t think it is a given at all.

It is now very clear that *a lot* of institutional money is fuelling this rally, with institutional interest rising by the day. This inflow could prevent such a deep crash.

grindle

insert crash emoji
Too much positivity with no normies buying in. Whenever the train stops the 30-40% drop is gonna be hilarious.

Wombatman

Flickr-wee-choo-choo-train-by-jelene.jpg?f=default&$p$f=e7416b9

jimmii

Insert fire emoji.

grindle

Stormington wrote: »

10k? What makes you think it'll 7x its previous ATH?

I don't think it will for a long while (I'd say 4-8 years, could happen in 12 or 2), but the speculative side of crypto makes stupid things happen faster than necessary.
"It could do this!"
Yeah, in a few years, if there are no tech roadblocks.

If your question is more about "Why would Ether be worth any amount at all?" whilst thinking it's just a same-but-different competitor to BTC then there's a lot of reading to do. Bitcoin is designed to be an inflation sponge and despite money going up right now, I think it's underperforming (yet still overvalued). BTC's real ATH will be hit once it's past $21.5k when you factor in inflation since 2017. Which I think is a given soon, even though I'm no BTC-bull.
US debt increased by some phenomenal amount this year (near 20%?), BTC barely raised in comparison. The real money sponge this year was the top 5 tech stocks, BTC is a ways off challenging proven globe-dominating businesses.

Ethereum is a multi-decade thing, not trying to be a store of value but trying to be a fuel for valuable transactions down to the most minute of values and is looking likely to be BTC's most reliable Layer 2 solution (seeing as people are fixated on wealth being held in BTC but also want to transact using BTC but without €50 fees once it gets clogged.) BTC heads even seem to be coming around to the idea, they're defaulting more each day to a position of "Yeah, well if that's how we move our unmovable coin then that's okay now. Oh cool, I can leverage and loan my BTC against many things on Ethereum! Weeee!". Vastly different to 3-4 years ago.

Not gonna be Lightning that scales it anyway, it's the crypto equivalent of being on a private torrent tracker where you have to maintain your ratio and only allow certain amounts, it's very messy, too many problems, too much self-reliance for normal humans & lost BTC in it's short time alive. When people want to transact they can drop X amount either via custodial services that allow you to use Ethereum or via whatever bridge Polkadot or any equivalent builds - which is still custodial but in the hands of many partners who don't want to screw each other over vs in the hands of one company who could have one person with one key and scam off with your money.

Besides that, we're still years away from a good UX which isn't centred around a behemoth custodial service like PayPal - which subtracts 99% of normal people using it, still nerd money no matter what your chosen sh1tcoin is.

One thing that comes up too rarely on the Bitcoin subs (but it does come up occasionally) - if BTC is challenging traditional money or markets in any reasonable way in the future, something very bad has happened and hyperinflation is on the cards if not already happening. Even if you're BTC rich in that instance, either something gravely bad has happened or Q.E. has become so much of a norm beyond what it already has that people are pushing spare money into a speculative asset as a safety feature for value - which we're all doing unless we're just degenerate gamblers *cough*.
Great for people who've been buying earlier, worrying for the world at large.

cnocbui

Addison Fancy Macrame wrote: »

https://youtu.be/LyYBrywHmvg

Russel Crowe did better in 'A Good Year".