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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.

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BrandonBay86

Jeff2 wrote: »

Bitcoin and ethereum taking a dive now.

Ripple holding up well.

Lmao

Lex Luthor

Jeff2 wrote: »

Bitcoin and ethereum taking a dive now.

Ripple holding up well.

shakeout before the breakout

cravings

Dnxncofiruwvx wrote: »

This thread reminds me why I don’t come on Boards more often, what a cesspit!

oh come on. no one's having a big go at you.. but misinformation about taxation should be corrected.

Jeff2

Whelo79 wrote: »

$59,500 to 58,500 is a dive????

Yep. Look at XRP at the same time and now.

Jeff2

Whelo79 wrote: »

$59,500 to 58,500 is a dive????

In short time yes.

Jeff2

el diablo wrote: »

That CME gap won't fill itself. :pac:

GME thing is still going at $200 I'd think.

Sure it's only worth I 10th of that at most.

Mellor

Dnxncofiruwvx wrote: »

Converting Bitcoin to Euro isn’t a taxable event that needs to be reported to revenue? Whatever you say Tarzan.

Yes. Because that’s what I said. :rolleyes:
Woeful attempt of digging your way out there.

Truckermal

BrandonBay86 wrote: »

Lmao

And we thought Johnny flash was bad Lord rest his soul..... Got some laugh at that....:pac::pac:

dirk_dangler

olestoepoke wrote: »

Now in fairness he did go on to explain in the proceeding posts

Sure we are still waiting for poineerpro to give us a pick and the reasons why it will make us money.
Get the feeling we will be waiting a long time.

What is the acceptable format for picks round here?
Is any synopsis of why required?
Is the the following style of pick acceptable?

Give me a A
Give me a N
Give me a K
Give me a R

Certain postErs Looking foR a moon mission will get on this rocket!

The bar is set very low round these parts, the two above would be classed as a deep dive into why to purchase

Mr Rhode Island Red

Is it even worth it for newbies to buy BTC or ETH this cycle? Would it be a better shout to go for 2 others in the top 20 like ADA and EOS then chance 2 others outside the top 20, perhaps DAI and ZEC and don't spread things out any more than that. Bear in mind I'd be playing with chump change compared to most of you here (sub 1k).

Or would it be best to just go for 2 coins max outside the top 20 and hope for the best, given the small amount of capital I'm putting in

(I know I'm a bit late to the party...)

dirk_dangler

cnocbui wrote: »

You are not doing yourself any favours and are digging yourself deeper with almost every post. The €250 has been explained to you by several people and you still don't get it. The million satoshis wasn't profit, it was their weekly buy to add to their pot.

Not explained by the OP , because they where exposed as plankton larping as a whale.
Making so much bank, going to quit day job and move to Portugal to avoid CGT.

€250 in a week..... bragging about it and posting about quitting day job to trade full time, moving to Portugal to avoid CGT, think about that for a few moments........€250 be it profit or DCA into BTC.......in a week during a BULL MARKET

The Titan made a big move of €250 into BTC after a week of trading in a BULL MARKET!
Should be called out for the quit job move to Portugal BS, if the post was about making €250, i would be impressed if it was not for the facade of being a Titan, i was super impressed and delighted for the poster in the Theta thread who made €20k and was going. to now convert the attic, he was honest, no larping and leading newbies astray.

Mellor

dirk_dangler wrote: »

€250 in a week..... bragging about it and posting about quitting day job to trade full time, moving to Portugal to avoid CGT, think about that for a few moments........€250 be it profit or DCA into BTC.......in a week during a BULL MARKET

Why would a bull crypto market have any impact on somebody’s disposable fist income?
We’re talking about retail investors not professional traders.

I’m all for calling out spoofers. But I think belittling the size of somebody’s investment is really pathetic.
Especially when you are talking about a single purchase which tells you nothing of their overall position.

cnocbui

dirk_dangler wrote: »

Not explained by the OP , because they where exposed as plankton larping as a whale.
Making so much bank, going to quit day job and move to Portugal to avoid CGT.

€250 in a week..... bragging about it and posting about quitting day job to trade full time, moving to Portugal to avoid CGT, think about that for a few moments........€250 be it profit or DCA into BTC.......in a week during a BULL MARKET

The Titan made a big move of €250 into BTC after a week of trading in a BULL MARKET!
Should be called out for the quit job move to Portugal BS, if the post was about making €250, i would be impressed if it was not for the facade of being a Titan, i was super impressed and delighted for the poster in the Theta thread who made €20k and was going. to now convert the attic, he was honest, no larping and leading newbies astray.

You haven't a clue what other people's crypto holding are.

makeorbrake

I agree with Dirk insofar as I would prefer to see people giving their rationale re. the fundamentals of any project they mention here. As otherwise, there's a possibility that some are just punting on pure hopium.

On someone DCAing in €250/week, that's a decent wedge of cash to DCA in - if that's being pursued on a regular basis.

As regards looking out for newbies, newbies have a duty to themselves to mind themselves (as have we all). Because there's $ at stake, this space is toxic AF. That's not going to change. Anyone who doesn't realise very quickly that there is all sorts of shilling going on - whether conscious/pre-meditated or otherwise - is likely to get badly burnt if they don't think for themselves. Everyone has to be responsible for their own decision making at the end of the day.

I've been around this space for a few years - packed in the day job and relocated in the last bull run - and all that has taught me is the more time I spend on crypto, the less I know. I haven't bought anything since March 2020 and I think its unlikely I'll be buying anything in 2021 even though I suspect this bull run has another 6 months in it.

Mellor

makeorbrake wrote: »

I agree with Dirk insofar as I would prefer to see people giving their rationale

"Post you reasoning" is a perfectly valid question.

But at the same time. "I just have a hunch". It a possible (albeit misguided) response.

On someone DCAing in €250/week, that's a decent wedge of cash to DCA in - if that's being pursued on a regular basis.

Well if it's not regular it's not DCA to be fair.
As I said above, that amount in the longer term and you've be sitting on a 6 figure stack right now. If we make a habit of validating people posts by their investment we're only inviting the spoof brigade.
And if you are going to crap on somebody elses DCA . Post your own FFS.

makeorbrake

Mellor wrote: »

But at the same time. "I just have a hunch". It a possible (albeit misguided) response.

I guess someone can also say 'i just have a hunch' and that's useful info in itself (insofar as I'd be more inclined to ignore said info). Providing a few lines as to why someone thinks a project is a runner can be insightful for others in terms of understanding whats going on with a project and how thoughtful someone has been in arriving at said conclusion.

Mellor wrote: »

Well if it's not regular it's not DCA to be fair.

Correct.

Mellor wrote: »

If we make a habit of validating people posts by their investment we're only inviting the spoof brigade.

For the most part, I agree. However, the more $ someone has put at risk, the more thought they're likely to have put into taking a position (unless we're talking about a degen gambler)....which is why it's good to hear that rationale.

Scuid Mhór

How about Siacoin?

Mellor

makeorbrake wrote: »

However, the more $ someone has put at risk, the more thought they're likely to have put into taking a position

The more they have at risk. Sure, I'd accept that has a correlation with how seriously they've researched.
The more that they say they have at risk is not the same though. :P

Lorne Malvo

Hi folks; what the general consensus on here about BTC? yes or no? Many thanks.

makeorbrake

Mellor wrote: »

The more they have at risk. Sure, I'd accept that has a correlation with how seriously they've researched.
The more that they say they have at risk is not the same though. :P

Yup. For sure - but it's like any info gleaned from boards - you have to read between the lines (except that's on steroids when it comes to crypto due to the shill factor).

cnocbui

Lorne Malvo wrote: »

Hi folks; what the general consensus on here about BTC? yes or no? Many thanks.

I can't speak for the consensus, but it's a yes from me.

Lorne Malvo

cnocbui wrote: »

I can't speak for the consensus, but it's a yes from me.

I was thinking a big dump in value would incur a big surge in buyers thus propelling the value 2 or 3 times the current value...only a freakish event can stop it moving forward imo.

connie147

As a newcomer to the crypto game, (2 months actually is a complete newbie), I just want to say that I love seeing a post by an experienced player recommending a specific coin along with a few lines about why its worth considering. (I presume a brief explanation of why a coin looks a good investment means more to the likes of me than it does to the experienced poster).

I've been learning as much as I can about doing DD, so I use that info to start me off on a search of a project. Somebody came on here and called Boards a "cess-pit". i don't agree at all. I have learned so much from the various posters here its hard to explain.

We are all in here for the same reason i guess, and that is to make some €s from investing in cryptos. (well the likes of me are also in here to learn). If we can help each other, that's great for the boards crypto community. And I speak for all the newbies when I express my gratitude for the free advice and helpful posts that appear on the forum.

basically, I just want to say that not everyone thinks its a cesspit round here.

olestoepoke

Lorne Malvo wrote: »

Hi folks; what the general consensus on here about BTC? yes or no? Many thanks.

I know you your intentions were good but I've been reading this thread for over a year now and your post made me laugh.

olestoepoke

Lorne Malvo wrote: »

I was thinking a big dump in value would incur a big surge in buyers thus propelling the value 2 or 3 times the current value...only a freakish event can stop it moving forward imo.

An interesting video released by 'Guy' yesterday on why he thinks the USA allowing EFTs related to BTC will propel the price this year, I'll see can I find it and post. I don't understand all of what he said but looks promising

olestoepoke

https://www.youtube.com/watch?v=o3-j0JTTJYE

cnocbui

connie147 wrote: »

As a newcomer to the crypto game, (2 months actually is a complete newbie), I just want to say that I love seeing a post by an experienced player recommending a specific coin along with a few lines about why its worth considering. (I presume a brief explanation of why a coin looks a good investment means more to the likes of me than it does to the experienced poster).

I've been learning as much as I can about doing DD, so I use that info to start me off on a search of a project. Somebody came on here and called Boards a "cess-pit". i don't agree at all. I have learned so much from the various posters here its hard to explain.

We are all in here for the same reason i guess, and that is to make some €s from investing in cryptos. (well the likes of me are also in here to learn). If we can help each other, that's great for the boards crypto community. And I speak for all the newbies when I express my gratitude for the free advice and helpful posts that appear on the forum.

basically, I just want to say that not everyone thinks its a cesspit round here.

Well in that vein:

Bitcoin has a track record. It's the sector leader in capitalisation, whether one likes it or not, it has a definite utility as a digital store of value often compared to gold. So similar is it to gold, that many analysts believe at least some of the recently expected rise in the value of gold that didn't eventuate - that was expected due to fiat money supply increasing - was because investors turned to bitcoin instead.

The other thing bitcoin has going for it and it's future is the steady and relentless adoption by conventional financial markets and institutions. Where talk of third party financial interest is aften mentioned in the schill spiel for dross coins, it's actually a case of active participation when it comes to bitcoin.

Visa, Paypal, Tesla, Grayscale, Microstrategy to name some of the top players now.

Previously successful and sceptical investors are almost falling over themselves as they rush to recant their early scepticism and criticisms:

Howard Marks, co-founder of alternative investment manager Oaktree Capital, says he has reconsidered his previous “dismissive” stance on bitcoin.

The investor, who is worth $2.1 billion according to Forbes, previously said in a 2017 memo that cryptocurrency was “an unfounded fad.” The comment was “a knee-jerk reaction without information,” Marks conceded in a video interview with the Korea Economic Daily on Monday.
...
Saying his early comments hadn’t been proven correct so far, Marks added that, with bitcoin now over $50,000, people who bought at $5,000 “look right.”...

Marks also said in a recent Oaktree memo that his son “thankfully owns a meaningful amount” of bitcoin.

https://au.finance.yahoo.com/news/billionaire-investor-howard-marks-warming-144147871.html

Others billionaire investors who have changed their tune on Bitcoin include Mark Cuban and Jeff Gundlach. The investment bank Morgan Stanley has changed it's mind and is offering bitcoin investments to it's clients due to the huge demand from it's clients. Other investment funds are now positive, like Jeffries.

This stuff isn't the 'partners' rubbish you get with dross coins, this is actual real investment, and it's just getting started and barring a general financial collapse, will most likely keep snowballing, IMO.

Grumpypants

dirk_dangler wrote: »

Not explained by the OP , because they where exposed as plankton larping as a whale.
Making so much bank, going to quit day job and move to Portugal to avoid CGT.

€250 in a week..... bragging about it and posting about quitting day job to trade full time, moving to Portugal to avoid CGT, think about that for a few moments........€250 be it profit or DCA into BTC.......in a week during a BULL MARKET

The Titan made a big move of €250 into BTC after a week of trading in a BULL MARKET!
Should be called out for the quit job move to Portugal BS, if the post was about making €250, i would be impressed if it was not for the facade of being a Titan, i was super impressed and delighted for the poster in the Theta thread who made €20k and was going. to now convert the attic, he was honest, no larping and leading newbies astray.

The literal point if Dollar cost averaging is that you put in the same amount each regardless of it being a bull or a bear market.

The fact he put in the same amount in a bull market shows that he knows what he is doing and not chasing a climbing market by pushing in extra funds and increasing his risk.

Give your nonsense a rest now.

Bob24

olestoepoke wrote: »

An interesting video released by 'Guy' yesterday on why he thinks the USA allowing EFTs related to BTC will propel the price this year, I'll see can I find it and post. I don't understand all of what he said but looks promising

I think a US ETF would be a long term game changer in the way it would effectively be a clear acknowledgment from one of the US financial regulators that Bitcoin is a legit asset (I.e. it would ease fears of government bans).

But in terms of short term accessibility and capital flow into Bitcoin I am not sure it would be as important as it would have been a couple of years ago. There are now dozens of options for individuals to purchase crypto in an easy way from a company they trust, and for institutions there are multiple investment trusts, ETPs, and ETFs available internationally (as well as recognised institutional-grade crypto trading desks and custodians if an institution wants to hold the actual asset rather than shares in a fund).

[Deleted User]

connie147 wrote: »

As a newcomer to the crypto game, (2 months actually is a complete newbie), I just want to say that I love seeing a post by an experienced player recommending a specific coin along with a few lines about why its worth considering. (I presume a brief explanation of why a coin looks a good investment means more to the likes of me than it does to the experienced poster).

I've been learning as much as I can about doing DD, so I use that info to start me off on a search of a project. Somebody came on here and called Boards a "cess-pit". i don't agree at all. I have learned so much from the various posters here its hard to explain.

We are all in here for the same reason i guess, and that is to make some €s from investing in cryptos. (well the likes of me are also in here to learn). If we can help each other, that's great for the boards crypto community. And I speak for all the newbies when I express my gratitude for the free advice and helpful posts that appear on the forum.

basically, I just want to say that not everyone thinks its a cesspit round here.

Yeah I lurk here a lot and it's infinitely better than reddit's echo chambers