Is anyone else starting to become a bit excited?

Jeff2 wrote: »

Bitcoin and ethereum taking a dive now.

Ripple holding up well.

Lmao

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.

Whelo79 wrote: »

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

In short time yes.

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.

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 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.

How about Siacoin?

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

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.

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.

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

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.

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).