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Are we excited yet?

Nody

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Continuation of Is anyone else starting to become a bit excited?

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sparkletooth

massdebater wrote: »

I don't use Celsius specifically but have my crypto in similar defi projects. I always get paid out in the native tokens to get the extra APY and then convert once a month or so to crypto, when the conversion is favourable for me.
Currently getting 8% on my BTC and XRP and just over 20% for ETH and USDC

Just to be clear. Celsius is a centralised business with one foot in Cefi and the other in Defi. They have offices around the world.

The business model is community based with 80% of profits given back to cel token hodlers.

As they are centralised, they have to do everything above board including applying for loan licenses in each country/state. This is good and bad but thinking long-term, it's very good for Celsius' survival and mass adoption.

They're pretty much stealing BlockFi's customers away at the moment as the BF business model is broken. Relying on greyscale for their yield payouts was not very smart.

Their growth is very organic which may not be exciting but look at projections for price at end of bull market

HGVRHKYY

6 wrote: »

7 days to go from 3k to 4k.

I used to think 5k was laughable... Now it's around the corner

Curious about why?

Bob24

Doodee wrote: »

So you’re saying $20k next year?

Well he’s saying 20k by the end of this year is a high probability.

Of course we are all taking calculated risks here and nothing is ever for sure. But I pretty much agree with him that the risk adjusted return seems pretty attractive.

weemcd

Unearthly wrote: »

My own opinion is that bitcoin is going through that stage where Ethereum was in March when it was stuck between 1400 to 2000 before take off.

Back then Ethereum had a lot of fud. BnB going to take over it, gas fees too high (a valid criticism but never impacted it's price before) and that its performance in the cycle was disappointing.

However if you looked at the on chain data, there was large accumulation happening with the big players, eth was being bought in large chunks and taken off the exchanges.

This is exactly what's happening with bitcoin now. Huge players either whales or institutions are buying large amounts of bitcoin and putting them into cold wallets resulting in less bitcoin available to trade and there is fud that Ethereum will flip bitcoin and that it consumes too much energy with mining.

So I think Bitcoin is due a next leg up and smart money would be investing into that now instead of when it's going parabolic

That's an interesting read, thanks for taking the time to post.

Unearthly

weemcd wrote: »

My portfolio is all Alts atm, no BTC/ETH. I had some but switched them out when the Alts when BTC dipped and Alts were pumping.

What's my best strategy now, keep in the Alts or rotate them into the big two? I put money in every month when I get paid so just add those positions then?

My own opinion is that bitcoin is going through that stage where Ethereum was in March when it was stuck between 1400 to 2000 before take off.

Back then Ethereum had a lot of fud. BnB going to take over it, gas fees too high (a valid criticism but never impacted it's price before) and that its performance in the cycle was disappointing.

However if you looked at the on chain data, there was large accumulation happening with the big players, eth was being bought in large chunks and taken off the exchanges.

This is exactly what's happening with bitcoin now. Huge players either whales or institutions are buying large amounts of bitcoin and putting them into cold wallets resulting in less bitcoin available to trade and there is fud that Ethereum will flip bitcoin and that it consumes too much energy with mining.

So I think Bitcoin is due a next leg up and smart money would be investing into that now instead of when it's going parabolic

Doodee

Bob24 wrote: »

Raul Pal from RealVision did a model of Ethereum a couple of months ago whereby he explained that both the growth of active addresses and the price action were a very close match for Bitcoin in the previous cycle.

Of course like all models it can break, but the past few weeks have given him credence.

Tweeter thread here with some charts (click on the link for the whole thread, boards don't preview the whole thing): https://twitter.com/RaoulGMI/status/1347013567799848961?s=20

So you’re saying $20k next year?

weemcd

My portfolio is all Alts atm, no BTC/ETH. I had some but switched them out when the Alts when BTC dipped and Alts were pumping.

What's my best strategy now, keep in the Alts or rotate them into the big two? I put money in every month when I get paid so just add those positions then?

nathan99

I bought a-lot of ETH a while back , up 2x now, took out the initial investment. Im still very bullish on ETH in general but decided to reduce my risk.

Jafin

yer man! wrote: »

I did the same thing, except I'm too cheap to pay for excel and use Google Sheets instead

Well if I'm being completely honest I too am too cheap to pay for Excel and used the OpenOffice version, called Calc, since it's free. Just felt it was handier to say an excel spreadsheet.

Mastroianni

I traded chainlink to get a piece of ETH (or BTC don't remember now which blockchain lies within), and others big crypto to get another part of BTC. Result: my wallet has increased, slightly but increased.
My opinion (correct me if I'm wrong): having two biggest crypto in the wallet (BTC and ETH) and "bet" on 2-3 promising project which is Ada Cardano in my opinion.

Bob24

6 wrote: »

7 days to go from 3k to 4k.

I used to think 5k was laughable... Now it's around the corner

Raul Pal from RealVision did a model of Ethereum a couple of months ago whereby he explained that both the growth of active addresses and the price action were a very close match for Bitcoin in the previous cycle.

Of course like all models it can break, but the past few weeks have given him credence.

Tweeter thread here with some charts (click on the link for the whole thread, boards don't preview the whole thing): https://twitter.com/RaoulGMI/status/1347013567799848961?s=20

[Deleted User]

7 days to go from 3k to 4k.

I used to think 5k was laughable... Now it's around the corner

yer man!

Jafin wrote: »

I'm so excited I just spent a portion of my Saturday night inputting all my purchases since last year into an excel spreadsheet so I can always see exactly what I've spent versus what it's currently worth.

I did the same thing, except I'm too cheap to pay for excel and use Google Sheets instead

[Deleted User]

ShaneU

One More Toy wrote: »

Eth 4k today?!

4k now

el diablo

ConseyMan wrote: »

Any of you guys see the Ethereum thread, it starts in December 2017 and their moaning about the cost being $300 and when will it take off. Course it peaks in January and they for the most still can't spot it. Funny and sobering to read.

Hindsight=20/20 vision. :rolleyes: I seriously doubt you would've spotted the the ETH peak at the time.

One More Toy wrote: »

Do they offer loans?

Yes, but not sure if available in Ireland.

One More Toy

fletch wrote: »

It is...I'm currently earning 4.5% APY on my ETH holdings

Do they offer loans?

fletch

One More Toy wrote: »

Damn thanks. Wonder is blockfi available in Ireland?

It is...I'm currently earning 4.5% APY on my ETH holdings

FFVII

Bhoy1967 wrote: »

What sites allow you to buy Doge - I have Coinbase and revolut but can't buy Doge through them. Only recently started dipping my toes into crypto - great craic altogether

Binance

Bhoy1967

What sites allow you to buy Doge - I have Coinbase and revolut but can't buy Doge through them. Only recently started dipping my toes into crypto - great craic altogether

[Deleted User]

wtf

This doge nonsense isn't over yet

https://www.cnbc.com/2021/05/09/spacex-accepts-dogecoin-payment-for-doge-1-mission-to-the-moon.html

FFVII

https://bitcoinmagazine.com/business/need-to-know-taproot-signaling

One More Toy

Yeah I could do with a few quid released from my holdings without triggering cgt, I'll investigate those platforms thank you

massdebater

Nexo is another option and where I keep my bitcoin and xrp. They do loans too, if that's what you're looking for, 5.9% is the lowest rate.

Up to 8% interest for crypto, this is the best I could find for Bitcoin after doing a lot of research earlier in the year. Higher % for fiat and stablecoins. You also receive a dividend for holding their native tokens

Bob24

One More Toy wrote: »

Damn thanks. Wonder is blockfi available in Ireland?

Not sure about BlockFi (although I would think it is available), but in the same theme Crypto.com’s deposit and interest service is definitely available, and I am also pretty sure Nexo’s is also available .

One More Toy

Bob24 wrote: »

Yes the deposit/interest service is definitely available in Ireland (including receiving interests in CEL).

I am not too sure about loans but I remember someone posted on boards that it is not available.

Damn thanks. Wonder is blockfi available in Ireland?

Bob24

One More Toy wrote: »

So you can stake on celcius but not take a loan in Ireland?

Yes the deposit/interest service is definitely available in Ireland (including receiving interests in CEL).

I am not too sure about loans but I remember someone posted on boards that it is not available.

One More Toy

Bob24 wrote: »

To make it simple: if you have a long term time horizon and believe in the future success of Celsius, go for CEL. Otherwise get paid in kind.

There is no guarantee it will keep happening, but someone who was in the first category a year ago would have done very well for themselves. Not only they would have gotten higher rates for getting paid in CEL, but the value of their CEL tokens also grew massively as the platform became more popular hence increasing demand for CEL.

So you can stake on celcius but not take a loan in Ireland?

Bob24

Daithi40 wrote: »

For those staking on Celsius, do you take rewards in CEL or in the same coin you staked? If you take rewards in CEL you do get a higher APY but just trying to figure which I should go with and looking for opinions...

To make it simple: if you have a long term time horizon and believe in the future success of Celsius, go for CEL. Otherwise get paid in kind.

There is no guarantee it will keep happening, but someone who was in the first category a year ago would have done very well for themselves. Not only they would have gotten higher rates for getting paid in CEL, but the value of their CEL tokens also grew massively as the platform became more popular hence increasing demand for CEL.

massdebater

[Deleted User] wrote: »

I'm currently trying to figure out all this myself... where are you getting 20% on ETH?!

Yield.app for the ETH and USDC, the highest loyalty level pays 20% (entry level is 12%).