Is anyone else starting to become a bit excited?

EndaHonesty · 08-01-2021 01:41PM

Green&Red wrote: »

Nothing goes up for ever. At some point this bull run is going to meet resistance and we’ll be back down to maybe 20k

BTC will never be 20k again.

Grumpypants · 08-01-2021 01:44PM

el diablo wrote: »

.

Johnny Pintman has a point.

Banned

jobless · 08-01-2021 02:28PM

anyone know anywhere that does auto DCA available to irish residents?

Bob24 · 08-01-2021 02:34PM

jobless wrote: »

anyone know anywhere that does auto DCA available to irish residents?

CDC has something which should do what you are looking for (I am not using this feature myself, so I can't comment on how well it is working): https://help.crypto.com/en/articles/4170965-recurring-buy-how-does-it-work

Green&Red · 08-01-2021 02:42PM

Nalz wrote: »

Yes, some point. But any reason as to why you think it will be when you say?

Nothing I could stand behind

Green&Red · 08-01-2021 02:47PM

EndaHonesty wrote: »

BTC will never be 20k again.

I’d disagree on that

EndaHonesty · 08-01-2021 02:56PM

Green&Red wrote: »

I’d disagree on that

ETH has a better chance of being 20k...

BrandonBay86 · 08-01-2021 03:04PM

Green&Red wrote: »

Nothing goes up for ever. At some point this bull run is going to meet resistance and we’ll be back down to maybe 20k

Goes up forever? It dropped 21% on January 4th.

Four days ago.

Green&Red · 08-01-2021 03:05PM

BrandonBay86 wrote: »

Goes up forever? It dropped 21% on January 4th.

Four days ago.

113% in the last month

That’s up forever

Green&Red · 08-01-2021 03:06PM

EndaHonesty wrote: »

ETH has a better chance of being 20k...

Maybe

BrandonBay86 · 08-01-2021 03:09PM

Green&Red wrote: »

113% in the last month

That’s up forever

100% in 3 years. Many stocks have gone up multiples more than that in the same time period

antgal23 · 08-01-2021 03:11PM

BTC could be at 60 k or 20 k in the next 4 weeks, both outcomes are very possible

Green&Red · 08-01-2021 03:13PM

BrandonBay86 wrote: »

100% in 3 years. Many stocks have gone up multiples more than that in the same time period

Not sure why you’re so defensive

It’s my opinion, didn’t realise a counter opinion wasn’t allowed here

EndaHonesty · 08-01-2021 03:15PM

antgal23 wrote: »

BTC could be at 60 k or 20 k in the next 4 weeks, both outcomes are very possible

BTC at 20k is pretty much impossible. Any correction will be snapped up by institutions...

BrandonBay86 · 08-01-2021 03:22PM

Green&Red wrote: »

Not sure why you’re so defensive

It’s my opinion, didn’t realise a counter opinion wasn’t allowed here

Defensive? I’m asking in your opinion why you think it’s going to drop, at what point, and how much. You’ve appeared out of nowhere saying the sky is going to fall without any basis of figures. Very easy to call a crash without giving specifics.

sparrowcar · 08-01-2021 03:23PM

EndaHonesty wrote: »

BTC at 20k is pretty much impossible. Any correction will be snapped up by institutions...

Its this kind of blind confidence that gets people burned... there is no certainty in this type of game.

EndaHonesty · 08-01-2021 03:27PM

sparrowcar wrote: »

Its this kind of blind confidence that gets people burned... there is no certainty in this type of game.

What gives you the confidence to call my view "blind"?

BrandonBay86 · 08-01-2021 03:31PM

sparrowcar wrote: »

Its this kind of blind confidence that gets people burned... there is no certainty in this type of game.

The only certainty in life is that when this thread was started Bitcoin was in the $5000’s.

Dohnjoe · 08-01-2021 03:32PM

EndaHonesty wrote: »

What gives you the confidence to call my view "blind"?

Nothing wrong with a positive outlook but it's worth bearing in mind many of us have seen these types of comments before. Anything can happen, including external events affecting the value of cryptos.

e.g. BTC from 20k to 3k, Eth from 1,400 to 100 (2018)

EndaHonesty · 08-01-2021 03:38PM

Dohnjoe wrote: »

Nothing wrong with a positive outlook but it's worth bearing in mind many of us have seen these types of comments before. Anything can happen, including external events affecting the value of cryptos.

e.g. BTC from 20k to 3k, Eth from 1,400 to 100 (2018)

I'm in BTC since 2013.
In 2018 the market was mainly individuals, the market now is mainly institutions. There will be corrections but no collapse like 2018.

cnocbui · 08-01-2021 03:38PM

EndaHonesty wrote: »

ETH has a better chance of being 20k...

Etherium is not a fixed quantity token. I doubt institutional investors would be so daft as to bid it up anywhere near there.

cnocbui · 08-01-2021 03:39PM

EndaHonesty wrote: »

I'm in BTC since 2013.

Do you still own coins you bought in 2013?

Green&Red · 08-01-2021 03:41PM

BrandonBay86 wrote: »

Defensive? I’m asking in your opinion why you think it’s going to drop, at what point, and how much. You’ve appeared out of nowhere saying the sky is going to fall without any basis of figures. Very easy to call a crash without giving specifics.

Who said the sky is going to fall?

I’m saying there’ll be a dip

Hardly the same

EndaHonesty · 08-01-2021 03:41PM

cnocbui wrote: »

Do you still own coins you bought in 2013?

Yes.

antgal23 · 08-01-2021 03:45PM

When I bought crypto in September 2017, I watched it explode.

I went to sleep every night dreaming dreams. At one stage I was so emotionally attached to my open positions I was glowing with optimism, my future was sorted.

Then January 2018 came and I got my face ripped off.

Anything can happen at any time

cnocbui · 08-01-2021 03:51PM

EndaHonesty wrote: »

Yes.

Nice. Your retireent fund is sorted. BTC went from $13.30 in Jan 2013 to $946 in Dec. Taking the median, 8,861 % profit is nothing to sneeze at , congrats.

Dohnjoe · 08-01-2021 03:52PM

EndaHonesty wrote: »

I'm in BTC since 2013.
In 2018 the market was mainly individuals, the market now is mainly institutions. There will be corrections but no collapse like 2018.

I'm also in since 2013, and I work in the financial industry, there aren't as many "institutions" into crypto as possibly some in the sphere think. In terms of a collateral valuation it's so bad that most infrastructure would classify it as zero.

Maybe it's all green fields from here on out, or maybe something happens that triggers a strong collapse, we'll see, but I wouldn't completely rule out a 2018 style crash off the cards. Just 9 months ago we had a 40% 24 hr drop.

Green&Red · 08-01-2021 03:53PM

BrandonBay86 wrote: »

Defensive? I’m asking in your opinion why you think it’s going to drop, at what point, and how much. You’ve appeared out of nowhere saying the sky is going to fall without any basis of figures. Very easy to call a crash without giving specifics.

And I did answer and say that I think somewhere around 40k and I can see it going back to 20

BrandonBay86 wrote: »

Very easy to call a crash without giving specifics.

What a peculiar statement

grindle · 08-01-2021 03:55PM

cnocbui wrote: »

Etherium is not a fixed quantity token. I doubt institutional investors would be so daft as to bid it up anywher near there.

It should be a decreasing quantity token by the end of the year once EIP1559 is implemented so that point is moot. 20k still sounds ludicrous to me but so does $100k BTC...and it's not so far away

cnocbui · 08-01-2021 04:09PM

grindle wrote: »

It should be a decreasing quantity token by the end of the year once EIP1559 is implemented so that point is moot. 20k still sounds ludicrous to me but so does $100k BTC...and it's not so far away

If that is proof of stake, good luck. My son has a computer science degree, a very high IQ, and a far better understanding of cryptography than I, and he tells me he thinks even Vitally likely has doubts about the security of POS, which might turn out to be very apt initials.

Is anyone else starting to become a bit excited?

Comments