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sevo00 said:
Yes but I don’t understand why you’re telling me that fact. I’m saying bitcoin has MORE than doubled in ten years. The BTC price in 2013 was 754. It’s now approaching 40k
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It has also dropped 50% or 65%. Depends on when you bought.
 
sevo00 said:
Prob like 70%
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1700923045681.gif
 
sevo00 said:
70% of my portfolio is crypto. Mostly btc, eth, SOL. A few ****coins
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Ballsy

Sounds like you're young enough that it could be life-changing if it works out, but leave you time to recover if it doesn't.

Hope you cash in 🙂
 
sevo00 said:
70% of my portfolio is crypto. Mostly btc, eth, SOL. A few ****coins
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Does your portfolio include 401k, Roth, HSA, real estate, and taxable brokerage? That's wild. Crypto is like 3% of my net worth.
 
mentos said:
Does your portfolio include 401k, Roth, HSA, real estate, and taxable brokerage? That's wild. Crypto is like 3% of my net worth.
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For 401k it’s just whatever my employer contributes. I do have a taxable brokerage with only a few hundred shares of COIN and TSLA. No real estate
 
sevo00 said:
For 401k it’s just whatever my employer contributes. I do have a taxable brokerage with only a few hundred shares of COIN and TSLA. No real estate
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Dang so your crypto exposure is even higher than 70% since you have COIN too.
 
mentos said:
Getting close to 40k
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I hope everyone has reasonable expectations. 100k was in the bag in the last cycle and then we saw what happens. I think reaching the ATH is a first step and if it happens in 2024 then more things become possible.
 
Historically the supply shock of the halvening is felt 6-9 months later. With everything that’s lining up with the economy, Presidential election, and a supply shock and BTC etf coming, I expect late 2024 into 2025 to have some wild price action. Buckle up.
 
Direct Laryngoscopy said:
Historically the supply shock of the halvening is felt 6-9 months later. With everything that’s lining up with the economy, Presidential election, and a supply shock and BTC etf coming, I expect late 2024 into 2025 to have some wild price action. Buckle up.
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In previous cycles has the price exceeded the previous ATH by year end of the halving year? If history repeats we should be above 69k by end of 2024?
 
finalpsychyear said:
I hope everyone has reasonable expectations. 100k was in the bag in the last cycle and then we saw what happens. I think reaching the ATH is a first step and if it happens in 2024 then more things become possible.
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A good time to take profit is when Coinbase hits #1 in the App Store.
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https://x.com/nayibbukele/status/1731653743668572498

El Salvador's #Bitcoin investments are in the black!

After literally thousands of articles and hit pieces that ridiculed our supposed losses, all of which were calculated based on #Bitcoin ’s market price at the time...

With the current #Bitcoin market price, if we were to sell our #Bitcoin , we would not only recover 100% of our investment but also make a profit of $3 620 277.13 USD (as of this moment).

Of course, we have no intention of selling; that has never been our objective. We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy.

Nonetheless, it is important that the naysayers and the authors of those hit pieces take back their statements. The responsible thing to do would be for them to issue retractions, offer apologies, or, at the very least, acknowledge that El Salvador is now yielding a profit, just as they repeatedly reported that we were incurring losses.

If they consider themselves true journalists, they should report this new reality with the same intensity they reported the previous one.

We’ll see… Stay tuned!



El Salvador is in the black with their bitcoin holdings (priced in USD). They also fully paid back an $800 million dollar loan to the IMF. Since going on a bitcoin standard, they have improved the country’s balance sheet and it is now looking like a place for capital investment. Good for them.
 
I have a little in the Grayscale ETF via Vanguard. I honestly sold all my ETH/BTC last year around 31-32k.

How are the new ETFs if approved any different than the Grayscale?
 
Shimmy8 said:
I have a little in the Grayscale ETF via Vanguard. I honestly sold all my ETH/BTC last year around 31-32k.

How are the new ETFs if approved any different than the Grayscale?
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A spot BTC (and ETH and whatever follows) allows institutional (smart) money to offer products to their clients. As a result of customer demand, they will have to buy BTC on the open market. They will hold it as long as their customer wants to hold it.

Another big difference is the fees associated with a spot ETF vs the grayscale trust. ETFs will be a fraction of the costs for customers 20 basis points vs 200 (0.2 vs 2%).

With a spot ETF, the option will be available for customers (not sure if institutions will) to have redemptions in physical (BTC) vs paper USD.

Exciting to see things evolving, but I’m bearish on the economy if the smart money is leaving to enter the Bitcoin and crypto space. Might mean things may not be as good if they are heading towards the exits
 
sevo00 said:

Prob nothing…what’s Qatar know about wealth
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The effect of that if true would be large. The domino effect would be fireworks.

I still keep low expectations. New ATH peak high for this bull cycle 75-85k for 2024-2025 and ATH peak high for 2028-2029 is 100k are my sandbagged numbers that I would feel good about. I'd love to fall out of my chair with your more optimistic targets and pray that I am waaay too low.
 
Direct Laryngoscopy said:
A spot BTC (and ETH and whatever follows) allows institutional (smart) money to offer products to their clients. As a result of customer demand, they will have to buy BTC on the open market. They will hold it as long as their customer wants to hold it.

Another big difference is the fees associated with a spot ETF vs the grayscale trust. ETFs will be a fraction of the costs for customers 20 basis points vs 200 (0.2 vs 2%).

With a spot ETF, the option will be available for customers (not sure if institutions will) to have redemptions in physical (BTC) vs paper USD.

Exciting to see things evolving, but I’m bearish on the economy if the smart money is leaving to enter the Bitcoin and crypto space. Might mean things may not be as good if they are heading towards the exits
Click to expand...

Which scenario does blackrock have more to gain or are they comparable:
1. getting ETF approved and collecting fees thus they would want the price of BTC to go up so they collect more fees yearly and stay up so they keep collecting more fees.

2. Do a massive 180 and short the hell out of btc even after etf approved thus pulling the rug on the whole crypto play
 
I sold all my crypto, made good money but I personally couldn’t hold on to it for the long-term. I rather invest in companies I can follow and understand better.

Good luck to all of you!
 
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