Is anyone else starting to become a bit excited?

sparrowcar · 08-01-2021 04:10PM

EndaHonesty wrote: »

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

History...

crushproof · 08-01-2021 04:17PM

antgal23 wrote: »

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

Bought around the same time and burned the same time. Watched it go so low that I decided to forget about my holdings until the past few months as it's crept back up again.
And it's the reason why I took some out when it hit 40k today. At least taking what I put in out of BTC, so anything left is the house's money. Could swing either way any day now but I'm happy that I've finally recouped my initial investment!

dotsman · 08-01-2021 05:51PM

EndaHonesty wrote: »

BTC will never be 20k again.

Famous last words

I remember a post here a back in summer '19 saying it would never be 10K again!

Arrival wrote: »

Best of luck with that, we'd be lucky to see <$10k again the way things are going and if we do it'd stay on the closer side to $10k

EndaHonesty · 08-01-2021 06:17PM

dotsman wrote: »

Famous last words

I remember a post here a back in summer '19 saying it would never be 10K again!

And here we are sitting on 41k...

I have 12.5 BTC that cost me 2000.
I'm sitting on half a million and have no intention of selling.

BTC will be 100k before 20k...

Dohnjoe · 08-01-2021 06:33PM

EndaHonesty wrote: »

And here we are sitting on 41k...

I have 12.5 BTC that cost me 2000.
I'm sitting on half a million and have no intention of selling.

BTC will be 100k before 20k...

According to you. Cool. We've had many, many predictions here before, hope you're right.

cnocbui · 08-01-2021 06:35PM

CantThinkOfANam wrote: »

So it anyone paying 33% CGT if selling these Bitcoins?

Here we go...

CantThinkOfANam · 08-01-2021 06:39PM

cnocbui wrote: »

Here we go...

Sorry I'll do a search on the thread.

dotsman · 08-01-2021 06:40PM

EndaHonesty wrote: »

And here we are sitting on 41k...

BTC will be 100k before 20k...

Yes, but not only did bitcoin drop below 10K pretty much after that post, but since that post and now, bitcoin has spent most of it's time < 10K, and even less than half that at one stage.

I am just wondering how people, knowing bitcoins history of ridiculously huge volatility, can make such clear and black & white claims?

EndaHonesty · 08-01-2021 06:43PM

Dohnjoe wrote: »

According to you. Cool. We've had many, many predictions here before, hope you're right.

75,000,000 voted for Trump. 75 million.

There are only 21 million BTC. Probably only 18 million really.

There are approximately 20 million millionaires in the world.

BTC will be 100k, and then before you know it, it will be 1 million.

Anyone who misses this opportunity is a fool.

Dohnjoe · 08-01-2021 06:56PM

EndaHonesty wrote: »

75,000,000 voted for Trump. 75 million.

There is only 21 million BTC. Probably only 18 million really.

There are approximately 20 million millionaires in the world.

BTC will be 100k, and then before you know it, it will be 1 million.

Anyone who misses this opportunity is a fool.

Again, according to you. We've heard all this before. Likewise, next time there's a bear, all the naysayers come in claiming it will keep plummeting down

We know the drill

EndaHonesty · 08-01-2021 06:58PM

Dohnjoe wrote: »

Again, according to you. We've heard all this before. Likewise, next time there's a bear, all the naysayers come in claiming it will keep plummeting down

We know the drill

"We"? Who exactly are you speaking for?

Dohnjoe · 08-01-2021 07:01PM

EndaHonesty wrote: »

"We"? Who exactly are you speaking for?

Everyone who has heard these adamant predictions before. We get it, in your opinion BTC will go up, hopefully that happens.

EndaHonesty · 08-01-2021 07:07PM

Dohnjoe wrote: »

Everyone who has heard these adamant predictions before. We get it, in your opinion BTC will go up, hopefully that happens.

You're speaking for "everyone"?! Brilliant! :pac:

If I'm only partially right, I'm a little less rich than I thought I'd be.

Dohnjoe · 08-01-2021 07:14PM

EndaHonesty wrote: »

You're speaking for "everyone"?! Brilliant! :PAC:

If I'm only partially right, I'm a little less rich than I thought I'd be.

And if you're wrong you'll probably pull a temporary disappearing act like so many over the years

Boards has an entire subgroup of prediction-merchants who only show up in bears, they are a good indicator actually

EndaHonesty · 08-01-2021 07:18PM

Dohnjoe wrote: »

And if you're wrong you'll probably pull a temporary disappearing act like so many over the years

Boards has an entire subgroup of prediction-merchants who only show up in bears, they are a good indicator actually

I'm already right...

Dohnjoe · 08-01-2021 07:25PM

Jaysus..

Anyway, glad to see some of the alts making headway, couple more popped last night. I'd say the next coin to get added to CB will have a nice run, if we are still in a bull by then

Bruno Mannheim · 08-01-2021 07:57PM

EndaHonesty wrote: »

I'm already right...

510,000 USD
410,000 EUR
275,000 EUR after CGT*

*Numbers rounded for idiots

I'd be keeping that info to yourself, just some friendly advice

wotzgoingon · 08-01-2021 09:39PM

EndaHonesty wrote: »

And here we are sitting on 41k...

I have 12.5 BTC that cost me 2000.
I'm sitting on half a million and have no intention of selling.

BTC will be 100k before 20k...

I'd say you were pretty annoyed with yourself when it hit 4-5000 and looking like it was only going one way and you never sold when it was 20k.

But it worked out for you in the end well kind of as your not even selling now and hoping it goes to 100k a coin.

grindle · 08-01-2021 09:58PM

wotzgoingon wrote: »

I'd say you were pretty annoyed with yourself when it hit 4-5000 and looking like it was only going one way and you never sold when it was 20k.

But it worked out for you in the end well kind of as your not even selling now and hoping it goes to 100k a coin.

Too risky. If they're thinking long-term then gambling that it'll drop from X to Y price is just a bit too risky. If I sold my ETH stack in Jan 2018, took care of tax & reinvested it all at the exact bottom I'd have a lot more ETH (10x more, jfc why did I look that up?) but the risk of losing out on something I can only see growing in usage would make me want to neck myself if I missed out on it's future.

Guessing tops and bottoms is much more likely to cause me heart failure.

makeorbrake · 08-01-2021 11:14PM

EndaHonesty wrote: »

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

Enda, if you've been in since 2013, then I'm surprised that btc/crypto hasn't taught you better. I like to see folk being enthusiastic about btc but this sort of thing can get you (or someone heeding you) badly hurt.

Earlier this year, it went sub $5k when I thought that $5k had to be the bottom. The year before, my twitter feed was jammed up with 'we'll never see 10k again!' tweets (I've weeded quite a few of those guys out of my feed since then!). The market went up far too quickly at the time - and I sold off.

I think you could look at any of the predictions here and assign a degree of likelihood to them. However, all are in play! - from the positive to the negative.

makeorbrake · 08-01-2021 11:24PM

wotzgoingon wrote: »

I'd say you were pretty annoyed with yourself when it hit 4-5000 and looking like it was only going one way and you never sold when it was 20k.

But it worked out for you in the end well kind of as your not even selling now and hoping it goes to 100k a coin.

There's a strong logic to staying in - if you have conviction in the asset. Either most people aren't traders or of those that claim to be, in reality only a fraction of them can time getting in and getting out. There's an excellent discussion on that theme -> here.
It's Michael Saylor and Keith McCullough in discussion on BTC. McCullough got some serious flack when he tweeted out that he had sold off btc at around $10k a few months back. His point is that all his indicators told him that it was the right move. Saylor makes the point that most of us are not savvy when it comes to the nuances of trading and that being the case, its better to stay in for the long haul and ride out peaks and troughs.

Nigel Fairservice · 08-01-2021 11:26PM

I cashed out recently. I don't have the nerve for this! I had a significant unforeseen expense last year and I had to take it out of my house deposit. I have been able to replace that money now so I'm happy.

seannash · 09-01-2021 12:35AM

We also have to remember that some people posting in this thread have held bitcoin a long time. For soneone who has bought in at 30-40k range they don't have the luxury of experiencing a 20% dip and feeling confident to ride it out.
It mwy well go to 100k and beyond but between then and now its gonna be very bumpy for a lot of individuals.

Irish_rat · 09-01-2021 01:36AM

EndaHonesty wrote: »

BTC will never be 20k again.

We need to bookmark this comment.

olestoepoke · 09-01-2021 09:10AM

Serious mental gymnastics going on here. For me personally I'd give myself s number, lets say mortgage paid off (Life changing) and a modest holiday home abroad and if I got to that point I'd cash in and to hell with the regret if it doubled or tripled thereafter.

BrandonBay86 · 09-01-2021 09:59AM

olestoepoke wrote: »

Serious mental gymnastics going on here. For me personally I'd give myself s number, lets say mortgage paid off (Life changing) and a modest holiday home abroad and if I got to that point I'd cash in and to hell with the regret if it doubled or tripled thereafter.

Similar thinking here, impossible to have regrets if you manage to sell it at a life-changing point.

Bruno Mannheim · 09-01-2021 09:59AM

olestoepoke wrote: »

Serious mental gymnastics going on here. For me personally I'd give myself s number, lets say mortgage paid off (Life changing) and a modest holiday home abroad and if I got to that point I'd cash in and to hell with the regret if it doubled or tripled thereafter.

holiday homes abroad might seem like a great idea, however, think of how much you would spend on it

Then add up all the cost of holidays you would take abroad say over 15-20yrs in different places rather than the same place and compare them

When you have a place abroad unless you are renting it, you feel compelled to go and use it as much as you can

I personally prefer to visit different places when I get on a plane rather than see the same one every year

When our kids were younger they wanted to go back to the same place we had been one summer the following year
Gave into the pestering for them, they loved it but myself & missus wished we had gone somewhere else

seannash · 09-01-2021 10:06AM

Bruno Mannheim wrote: »

holiday homes abroad might seem like a great idea, however, think of how much you would spend on it

Then add up all the cost of holidays you would take abroad say over 15-20yrs in different places rather than the same place and compare them

When you have a place abroad unless you are renting it, you feel compelled to go and use it as much as you can

I personally prefer to visit different places when I get on a plane rather than see the same one every year

When our kids were younger they wanted to go back to the same place we had been one summer the following year
Gave into the pestering for them, they loved it but myself & missus wished we had gone somewhere else

Yeah I'd be of the same thinking. So many places to visit. I guess people factor in that they have an asset as well as a holiday home. Plus if you have kids they can use it when they are older.
Still though the thoughts of going to the same place in Spain every year would depress me.
Now perhaps if it was in the Philippines I'd be more intrested.

Bruno Mannheim · 09-01-2021 10:09AM

seannash wrote: »

Plus if you have kids they can use it when they are older..

I would never buy a property with the thinking that my kids could use it when they are older

seannash · 09-01-2021 10:12AM

Bruno Mannheim wrote: »

I would never buy a property with the thinking that my kids could use it when they are older

Nor me but I do know a few older people with kids that use their holiday homes for their own families. Handy for a weekend in the sun.
Certainly not the reason these people bought it but an added bonus I guess.
Again its certainly not the route for me but for some it appeals.

Is anyone else starting to become a bit excited?

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