Is anyone else starting to become a bit excited?

BrandonBay86 · 07-01-2021 12:59AM

$1Trillion in the bag. What a time to be alive.

cnocbui · 07-01-2021 05:47AM

€30,252.71 :eek:

Dutchy · 07-01-2021 10:15AM

Crypto rallied while America burned.

Bob24 · 07-01-2021 10:29AM

Dutchy wrote: »

Crypto rallied while America burned.

So did US stock markets.

Crazy times.

BrandonBay86 · 07-01-2021 11:05AM

https://twitter.com/chad_capital/status/1346581663288066052?s=21

If you’re into your memes...

sonandheir · 07-01-2021 11:13AM

Bob24 wrote: »

So did US stock markets.

Crazy times.

There was other news in the US yesterday. Their Highest number dead from covid on a single day over 4,000.

They will have to do a lockdown just like Europe very shortly. Market is pricing in the stimulus.

Bob24 · 07-01-2021 11:20AM

sonandheir wrote: »

There was other news in the US yesterday. Their Highest number dead from covid on a single day over 4,000.

They will have to do a lockdown just like Europe very shortly. Market is pricing in the stimulus.

I get that ... market rallies have been largely about expectation of treasuries and central banks largesse (and all asset classes are benefiting including stocks and crypto).

That is pretty crazy IMO.

Gonzovision · 07-01-2021 11:21AM

I'm sure many here are fans of Preston Pysh and the TIP podcast.
This weeks episode featured Jack Mallers and discussions on the Bitcoin lightning network, and how it will disrupt the big player sin the payment industry.

https://www.theinvestorspodcast.com/bitcoin-fundamentals/btc007-bitcoin-disrupting-payment-clearing-houses-w-jack-mallers/

Strike will be coming out in Europe pretty soon and if you haven't registered already I'd be grateful of you could use my referral!

https://global.strike.me/?kid=1EKNFJ

makeorbrake · 07-01-2021 12:13PM

@Gonzovision : Listened to him on Preston's podcast. It looks like its a killer app. It's supposed to be available via 200 countries since yesterday (confined to the USD at the moment). I've raised a ticket to see if I can start using it immediately (not sure if the country I'm in is supported or not).

Gonzovision · 07-01-2021 12:17PM

makeorbrake wrote: »

@Gonzovision : Listened to him on Preston's podcast. It looks like its a killer app. It's supposed to be available via 200 countries since yesterday (confined to the USD at the moment). I've raised a ticket to see if I can start using it immediately (not sure if the country I'm in is supported or not).

Keep us up to date, it really looks like a game changer. I've been mostly in the BTC as an asset camp, but this a real world infinitely scalable application. Fascinating.

makeorbrake · 07-01-2021 12:22PM

Gonzovision wrote: »

Keep us up to date, it really looks like a game changer. I've been mostly in the BTC as an asset camp, but this a real world infinitely scalable application. Fascinating.

Between this and the OCC coming out and allowing banks to use stablecoins as a settlement layer, the SWIFT system is finally going to go away. It makes no sense in todays world that people are losing up to 10% moving money around the planet. Hopefully, these moves are finally going to lead to that nonsense going away.

BrandonBay86 · 07-01-2021 01:11PM

Bitcoin at $38,000. Maybe time to finally buy some.

antgal23 · 07-01-2021 01:22PM

sonandheir wrote: »

There was other news in the US yesterday. Their Highest number dead from covid on a single day over 4,000.

They will have to do a lockdown just like Europe very shortly. Market is pricing in the stimulus.

I love the last sentence, I really do

crushproof · 07-01-2021 01:55PM

40k by EOD?

Incredible

Jafin · 07-01-2021 01:58PM

Here I am casually waiting for an enormous crash so I can shove some more fiat into it but everything keeps going up.

Dohnjoe · 07-01-2021 02:00PM

Old guesswork: Wall street bonuses, Chinese new year

New guesswork: Stimulus cheques

Dohnjoe · 07-01-2021 02:01PM

Jafin wrote: »

Here I am casually waiting for an enormous crash so I can shove some more fiat into it but everything keeps going up.

Oh I'm sure you'll get your opportunity

cnocbui · 07-01-2021 02:11PM

makeorbrake wrote: »

Between this and the OCC coming out and allowing banks to use stablecoins as a settlement layer, the SWIFT system is finally going to go away. It makes no sense in todays world that people are losing up to 10% moving money around the planet. Hopefully, these moves are finally going to lead to that nonsense going away.

Money costs so much to move because of the greed of the banks, not really because of SWIFT. My original interest in bitcoin was to use it to get around the cost of foreign currency transfers, but it didn't work out as exchange fees were worse than banks. Still, bought some BTC, though,

cnocbui · 07-01-2021 02:24PM

Gonzovision wrote: »

I'm sure many here are fans of Preston Pysh and the TIP podcast.
This weeks episode featured Jack Mallers and discussions on the Bitcoin lightning network, and how it will disrupt the big player sin the payment industry.

https://www.theinvestorspodcast.com/bitcoin-fundamentals/btc007-bitcoin-disrupting-payment-clearing-houses-w-jack-mallers/

Strike will be coming out in Europe pretty soon and if you haven't registered already I'd be grateful of you could use my referral!

https://global.strike.me/?kid=1EKNFJ

I must be missing something, because this didn't impress me at all. A lot of blah,blah,blah about sending payments globaly, cheaply and fast, in US$, currently in pretty trivial amounts.

Spot the problem?

makeorbrake · 07-01-2021 02:30PM

cnocbui wrote: »

I must be missing something, because this didn't impress me at all. A lot of blah,blah,blah about sending payments globaly, cheaply and fast, in US$, currently in pretty trivial amounts.

Spot the problem?

I'm not sure I follow? I'm currently getting raped on a monthly basis receiving a payment from N.America with 4% loss. As regards trivial amounts, he hasn't even started yet.

cnocbui · 07-01-2021 02:36PM

Jafin wrote: »

Here I am casually waiting for an enormous crash so I can shove some more fiat into it but everything keeps going up.

You are kidding yourself ... probably. I'm sure people told themselves that in droves the latter stages of the 2017 bull run, but it's not what they did after the crash happened. The fear caused by that crash knocked the optimism out of most people and they clutched their fiat even more tightly in fear.

Warren Buffet said 'be fearful when others are greedy and be greedy when others are feraful'. It sounds simple and easy but the second part is, very, very hard to do.

stockshares · 07-01-2021 02:37PM

Gonzovision wrote: »

I'm sure many here are fans of Preston Pysh and the TIP podcast.
This weeks episode featured Jack Mallers and discussions on the Bitcoin lightning network, and how it will disrupt the big player sin the payment industry.

https://www.theinvestorspodcast.com/bitcoin-fundamentals/btc007-bitcoin-disrupting-payment-clearing-houses-w-jack-mallers/

Strike will be coming out in Europe pretty soon and if you haven't registered already I'd be grateful of you could use my referral!

https://global.strike.me/?kid=1EKNFJ

Thanks , I signed up using your link.

I also have a referral link. Should we post these links here, in the referrals thread or start a new thread for Strike?

cnocbui · 07-01-2021 02:42PM

makeorbrake wrote: »

I'm not sure I follow? I'm currently getting raped on a monthly basis receiving a payment from N.America with 4% loss. As regards trivial amounts, he hasn't even started yet.

The cost is not in moving the payment, it's in converting the payment into locally usable currency. He's trying to solve the wrong problem, which is currency conversion fees. Add in all the anti money laundering shit, in particular, and you have no way for people to come up with a snazzy app that will change the world.

unkel · 07-01-2021 02:50PM

cnocbui wrote: »

I must be missing something, because this didn't impress me at all. A lot of blah,blah,blah about sending payments globaly, cheaply and fast, in US$, currently in pretty trivial amounts.

I can't see it either. Will they be faster than say the likes of Revolut? And use equally impossible to beat rates (interbank rates) and zero fees?

Gonzovision · 07-01-2021 02:57PM

unkel wrote: »

I can't see it either. Will they be faster than say the likes of Revolut? And use equally impossible to beat rates (interbank rates) and zero fees?

How many countries is Revolut available in, that might be one difference.
Also does Revolut just use the Visa network where the retailer pays the 2.9% fee?

Jafin · 07-01-2021 03:28PM

cnocbui wrote: »

You are kidding yourself ... probably. I'm sure people told themselves that in droves the latter stages of the 2017 bull run, but it's not what they did after the crash happened. The fear caused by that crash knocked the optimism out of most people and they clutched their fiat even more tightly in fear.

Warren Buffet said 'be fearful when others are greedy and be greedy when others are feraful'. It sounds simple and easy but the second part is, very, very hard to do.

Meh, I'm still fairly new to all of it and have invested only a minor amount compared to others in here I'm sure, so I'm not too bothered either way. If it keeps trending up and we don't have a big crash then cool, my investment is still gaining profit. If it does crash I'll pump a bit more money into it for the future which is also cool.

If there is a huge crash it won't dissuade me from crypto or anything, I know it'll swing back up eventually even if it takes years. I'm in it for the long haul and I'm not prone to cashing out/buying on a whim.

seannash · 07-01-2021 03:43PM

Dohnjoe wrote: »

Old guesswork: Wall street bonuses, Chinese new year

New guesswork: Stimulus cheques

I remember this thought process in 2017/early 2018

Bit mad when uou look back now to see how gullible we were to believe it.

cnocbui · 07-01-2021 03:51PM

Jafin wrote: »

Meh, I'm still fairly new to all of it and have invested only a minor amount compared to others in here I'm sure, so I'm not too bothered either way. If it keeps trending up and we don't have a big crash then cool, my investment is still gaining profit. If it does crash I'll pump a bit more money into it for the future which is also cool.

If there is a huge crash it won't dissuade me from crypto or anything, I know it'll swing back up eventually even if it takes years. I'm in it for the long haul and I'm not prone to cashing out/buying on a whim.

I wasn't being critical or trying to dissuade you, I have held bitcoin for a while, I was trying to say that buying after a huge plunge in the price of an asset is a lot more difficult to do, than it sounds in theory. I have actually done it, and potentially profited by it, but from my own experience, it's hard.

Jafin · 07-01-2021 04:05PM

cnocbui wrote: »

I wasn't being critical or trying to dissuade you, I have held bitcoin for a while, I was trying to say that buying after a huge plange in the price of an asset is a lot more difficult to do, than it sounds in theory. I have actually done it, and potentially profited by it, but from my own experience, it's hard.

Oh I know you weren't being critical or anything, no panic there. As I said I'm still fairly new at all of it so I'll definitely take note of any advice or insight that people who have been at the game a lot longer than me can give.

mdmix · 07-01-2021 04:25PM

eth broke €1k

Is anyone else starting to become a bit excited?

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