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People forget that BTC can put in daily candles that make you think it’s a 1mil micro cap ****ter. They will be reminded of this soon, but unfortunately many will be sidelined
 
sevo00 said:
People forget that BTC can put in daily candles that make you think it’s a 1mil micro cap ****ter. They will be reminded of this soon, but unfortunately many will be sidelined
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If more understood how the Ponzi Monetary system works, they would take advantage of the crack up boom we’re about to experience
 
Kamala Harris also now stated to speak at the bitcoin conference

You now possibly have two pro crypto presidential nominees

Golden Bullrun
 
sevo00 said:
Kamala Harris also now stated to speak at the bitcoin conference

You now possibly have two pro crypto presidential nominees

Golden Bullrun
Click to expand...
Is this actually confirmed? I find it hard to believe she could fit that into her schedule on such short notice with everything else she has going on right now?
 

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Trump speaking at the Bitcoin Conference in Nashville is a game change and will probably accelerate game theory. Nations will not want to be left behind and will start accumulating Bitcoin if what Trump is campaigning with regard to digital assets comes to fruition. It’s kinda surreal that both Presidential candidates will have to pander to 50 million Americans that hodl crypto. What a time to be alive. lol
 
Direct Laryngoscopy said:
Scaling in ETH. I see value below 3K
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I see value in btc in the 50s. Very tempted to go into sol close to the 120-130s as i have no position but I hesitate.


Family friend parents asking if they should convert one of their retirement IRA all into BTC etfs (IBIT and/or fidelity one) if they have no plans to use for 5-10 years and it would represent a 7-8% NW allocation if they do it as they have no exposure to crypto.

I said NFA but I would do it if we see the 50s range and now here we are.
 
Promising.

Donald Trump: "Crypto is a very interesting thing. Very high-level in certain ways, intellectually very high-level. But if we don't do it, China's going to do it. China's going to do it anyway. But if we don't do it, China's doing it. China is already doing it, and if we don't do it, other countries are going to do it. So we might as well be at the forefront. And there are people in crypto that are very, very smart people who do love our country, and they think it's-- they think it's good. Who knows? Maybe we'll pay off our $35 trillion dollars, hand them a little crypto check, right? We'll hand them a little bitcoin and wipe out our $35 trillion." …
"It's already prominent. It's moving along. It's very loosely regulated. That's one of the reasons it's moving along. But it is a different form of a currency, and it's going to end up benefiting the country. But if we shut it down like, you know, Biden's trying to shut it down-- Biden doesn't have the intellect to shut it down. Can you imagine this guy's telling you to shut something down like that? He has no idea what the hell it is. But if we don't embrace it, it's going to be embraced by other people. You know, it's a massive thing already. Did you read where it's bigger than any company in the world already, if you look at the market. It's bigger than many countries. It's a very big thing. If we're not going to be the leader– we have the people that are the leaders. I know some of them. They're very smart. And if we don't embrace it, other countries are going to embrace it. Other countries will anyway, but we can be the leader. We might as well be the leader."
 
nimbus said:
Promising.

Donald Trump: "Crypto is a very interesting thing. Very high-level in certain ways, intellectually very high-level. But if we don't do it, China's going to do it. China's going to do it anyway. But if we don't do it, China's doing it. China is already doing it, and if we don't do it, other countries are going to do it. So we might as well be at the forefront. And there are people in crypto that are very, very smart people who do love our country, and they think it's-- they think it's good. Who knows? Maybe we'll pay off our $35 trillion dollars, hand them a little crypto check, right? We'll hand them a little bitcoin and wipe out our $35 trillion." …
"It's already prominent. It's moving along. It's very loosely regulated. That's one of the reasons it's moving along. But it is a different form of a currency, and it's going to end up benefiting the country. But if we shut it down like, you know, Biden's trying to shut it down-- Biden doesn't have the intellect to shut it down. Can you imagine this guy's telling you to shut something down like that? He has no idea what the hell it is. But if we don't embrace it, it's going to be embraced by other people. You know, it's a massive thing already. Did you read where it's bigger than any company in the world already, if you look at the market. It's bigger than many countries. It's a very big thing. If we're not going to be the leader– we have the people that are the leaders. I know some of them. They're very smart. And if we don't embrace it, other countries are going to embrace it. Other countries will anyway, but we can be the leader. We might as well be the leader."
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the fact that btc is now being discussed by a former presidential candidate whether he wins or loses just shows you that it is not going away at this point regardless of who wins and blackrock/fidelity have no interest in sweeping the rug on crypto they want that boomer money to go into this so they can eventually bump fees to 1-2% if they are the major players left standing. It doesn't hurt that china is unbanning and saudi and pensions and morgan stanley now are on their way that's like the icing on the cake now.

The 2 biggest things in 2024 has been the ETF approvals and arguably 2nd may be Cantor Fitzgerald and the whole lending aspect being legitimized now. I think those last 2 things have cemented this asset class.
 
We’re in the infancy stages of BTC and crypto being rolled out as a financial asset class. This summer chop has been great. I’ve been buying dips and loading up my bags.

I also think BTC is foreshadowing what’s to come in the global economy after Labor Day. If the Fed has to make multiple interest rate cuts, it could be because they are forced to and not that they would like to. I’m keeping an eye on Japan as they might be the 1st domino to fall.
 
finalpsychyear said:
I see value in btc in the 50s. Very tempted to go into sol close to the 120-130s as i have no position but I hesitate.


Family friend parents asking if they should convert one of their retirement IRA all into BTC etfs (IBIT and/or fidelity one) if they have no plans to use for 5-10 years and it would represent a 7-8% NW allocation if they do it as they have no exposure to crypto.

I said NFA but I would do it if we see the 50s range and now here we are.
Click to expand...

Isn't this typically a top signal? LoL.
 
mentos said:
Isn't this typically a top signal? LoL.
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I refuse to believe that this cycle has topped already… less than 4 months after the halving. We likely have another YEAR or so to go.
 
Still dropping like a stone though…

ETH just went below 2500, and BTC below 56k
 
Well crap. Guess I'm gonna be a bag holder for another 4 years LoL
 
I care more about 2028-2029 bull run. Never was planning to sell this cycle once i saw etfs, trump, lending etc. it just made me feel more confident about the big picture which is going well. Left translated looking less and less likely as the familiar summer lull and corrections taking place.

If your not salivating at the buying opportunities now..
 
nimbus said:
Promising.

Donald Trump: "Crypto is a very interesting thing. Very high-level in certain ways, intellectually very high-level. But if we don't do it, China's going to do it. China's going to do it anyway. But if we don't do it, China's doing it. China is already doing it, and if we don't do it, other countries are going to do it. So we might as well be at the forefront. And there are people in crypto that are very, very smart people who do love our country, and they think it's-- they think it's good. Who knows? Maybe we'll pay off our $35 trillion dollars, hand them a little crypto check, right? We'll hand them a little bitcoin and wipe out our $35 trillion." …
"It's already prominent. It's moving along. It's very loosely regulated. That's one of the reasons it's moving along. But it is a different form of a currency, and it's going to end up benefiting the country. But if we shut it down like, you know, Biden's trying to shut it down-- Biden doesn't have the intellect to shut it down. Can you imagine this guy's telling you to shut something down like that? He has no idea what the hell it is. But if we don't embrace it, it's going to be embraced by other people. You know, it's a massive thing already. Did you read where it's bigger than any company in the world already, if you look at the market. It's bigger than many countries. It's a very big thing. If we're not going to be the leader– we have the people that are the leaders. I know some of them. They're very smart. And if we don't embrace it, other countries are going to embrace it. Other countries will anyway, but we can be the leader. We might as well be the leader."
Click to expand...
Trump's business acumen timing is impeccable.

"This will be incredible, really incredible. We will put the Treasury into Bitcoin. A lot of smart people use Bitcoin. They all call me, all the time, and tell me it's wonderful. They say It's a wonderful idea you're doing, Donald, putting the Treasury into Bitcoin, and to be honest they're a little upset they didn't think of it first."

Of course Bitcoin has dropped like a plane with no wings ever since...
 
This is long overdue.
Not surprised one bit.
Hope it sinks another 10-15%, but I am a buyer of equities here to lock in some value.

As for bitcoin and ethereum, I find it interesting that this time it sank further than equities/broad market.
 
sevoflurane said:
This is long overdue.
Not surprised one bit.
Hope it sinks another 10-15%, but I am a buyer of equities here to lock in some value.

As for bitcoin and ethereum, I find it interesting that this time it sank further than equities/broad market.
Click to expand...

BTC price move is more exaggerated because there isn’t as much liquidity as the say S&P, or Tesla.
 
mentos said:
Well crap. Guess I'm gonna be a bag holder for another 4 years LoL
Click to expand...

finalpsychyear said:
If your not salivating at the buying opportunities now..
Click to expand...

Hypothetically, if this continues and ends up becoming a huge crash, it could be the best buying opportunity since the 2020 covid crash.

For those that don’t remember, from march 2020 to October 2021, BTC almost 20x’d.
 
triggermaster said:
and the complete lack of underlying value
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The biggest issue of that I find is there is no proprietary value as being the crypto even if we want to adopt crypto as currency. While Bitcoin in theory can never increase in volume of coins (until some Asian or Indian whiz kid figures out how), new cryptos come out of the woodwork everyday and they seem to all move up and down together. How can the value of cryptos keep going up faster than the value of the dollar deteriorates when the crypto universe continually expands to infinity? Serious question, not looking to pick a fight. I'm the first to tell you I don't have deep knowledge of crypto but I can't get past that to really want to delve into it further.
 
Direct Laryngoscopy said:
BTC price move is more exaggerated because there isn’t as much liquidity as the say S&P, or Tesla.
Click to expand...
Doesn’t this contradict it being useful for its intended purpose, as a store of value? I thought the direct etfs (the banks must own bitcoin to run then) provide the liquidity, and yet now when the broader market dumps (they should be uncorrelated, Bitcoin is not a security, after all) the value flags by 20% in a week?

I’d sincerely like a deep dive on why it makes sense for Bitcoin to dive 10% in a single day if it’s been adopted by every major government and big bank.
 
Direct Laryngoscopy said:
Youre assessment of the value means nothing to me since you’re not a market participant. Holla at me when its priced at $0
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triggermaster said:
and the complete lack of underlying value
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The ONLY thing that matters is who's investments allow them to retire first attending years adjusted and gain the only priceless thing in existence being TIME in your prime years to do whatever it is you wanna do.

If that ain't VALUE then i don't know what is.

May the games begin.
 
finalpsychyear said:
The ONLY thing that matters is who's investments allow them to retire first attending years adjusted and gain the only priceless thing in existence being TIME in your prime years to do whatever it is you wanna do.

If that ain't VALUE then i don't know what is.

May the games begin.
Click to expand...

It’s hilarious to see the same people post 4 years later when August 2020 BTC was 10K. Now it’s 55K and they say it has no value. Study time energy and money. Hint, all 3 are interchangeable.
 
PainInTheAnes said:
Doesn’t this contradict it being useful for its intended purpose, as a store of value? I thought the direct etfs (the banks must own bitcoin to run then) provide the liquidity, and yet now when the broader market dumps (they should be uncorrelated, Bitcoin is not a security, after all) the value flags by 20% in a week?

I’d sincerely like a deep dive on why it makes sense for Bitcoin to dive 10% in a single day if it’s been adopted by every major government and big bank.
Click to expand...

What’s your time horizon for something to store value? 6 months? 1 year? 5 years.

Bitcoin usually moves first be the fact that it operates 24/7 and you don’t need permission to move it. An example is the other day when markets were tanking Fidelity, Schwab and a few others were down and could not be accessed. The issue of liquidity has to do with price action moves (up and down) are exaggerated because adoption is not at the point as the traditional markets. As more people adopt and use the technology, I anticipate volatility will dampen. By how much who knows. The fact it is permissionless doesn’t guarantee you won’t see swings in price.
 
Direct Laryngoscopy said:
What’s your time horizon for something to store value? 6 months? 1 year? 5 years?
Click to expand...
Imagine rooting against the best performing asset in human history… then watching it crash, and being so excited to post on a message board to argue that it’s NOT a store of value… but not realizing that it’s STILL UP over 80% from last year 😂
 
Direct Laryngoscopy said:
What’s your time horizon for something to store value? 6 months? 1 year? 5 years.

Bitcoin usually moves first be the fact that it operates 24/7 and you don’t need permission to move it. An example is the other day when markets were tanking Fidelity, Schwab and a few others were down and could not be accessed. The issue of liquidity has to do with price action moves (up and down) are exaggerated because adoption is not at the point as the traditional markets. As more people adopt and use the technology, I anticipate volatility will dampen. By how much who knows. The fact it is permissionless doesn’t guarantee you won’t see swings in price.
Click to expand...

I remember the all the big crypto exchanges crashing during a flash dip a couple years ago. Maybe they upgraded their servers since then?
 
mentos said:
I remember the all the big crypto exchanges crashing during a flash dip a couple years ago. Maybe they upgraded their servers since then?
Click to expand...

Nah. They still crash when there’s volatility and lots of users on their platforms. They do operate 24/7, and for those that have self custody of their coins, they can use decentralized exchanges which is peer to peer without an intermediary. The future for value transfer is bright.
 
BTC back above 61k but ETH is still under 2700 😑
 
Direct Laryngoscopy said:
I think we see another nasty drawdown before things get spicy. Something in the global economy is brewing.
Click to expand...

This month or Sept? Funny a guy who has given me lots of accurate insight most of the time told me this yesterday but said it'll happen before Mid Sept and we may see sub 50s again.
 
finalpsychyear said:
This month or Sept? Funny a guy who has given me lots of accurate insight most of the time told me this yesterday but said it'll happen before Mid Sept and we may see sub 50s again.
Click to expand...

My guess is post Labor Day (ironic ain’t it). The Japan unwind crash will reveal who was on the wrong side of that trade and who’s connected to that entity and so on.
 
finalpsychyear said:
This month or Sept? Funny a guy who has given me lots of accurate insight most of the time told me this yesterday but said it'll happen before Mid Sept and we may see sub 50s again.
Click to expand...

Is he telling you to buy the dip?
 
mentos said:
Is he telling you to buy the dip?
Click to expand...

he is not looking to add himself unless sub 40 drop. I am looking to grab some etf/mstr shares in the low 50s but nothing more though i may be tempted if we get a bit below 50.
 
finalpsychyear said:
he is not looking to add himself unless sub 40 drop. I am looking to grab some etf/mstr shares in the low 50s but nothing more though i may be tempted if we get a bit below 50.
Click to expand...

MSTR always bounces back.
 
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