Cryptocurrency

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Retrograde_Nail said:
If cryptocurrency is such as a scam then why is blackrock, fidelity and every other major asset managing company jumping in and forming their own Bitcoin ETF? It is because it is being identified as something that will have value.
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If subprime mortgages were such a terrible idea then why were JPMorgan Chase, Citigroup, Deutshebank, and Goldman Sachs heavily involved?

The “too big to fail” institutions know they can invest in whatever they want in order to diversify and seemingly pay no consequence if it goes tits up. Involvement by big institutions doesn’t mean it’s legit, it means they want a piece of the action because they can write it off or get bailed out if it fails.
 
Boba Foot said:
If subprime mortgages were such a terrible idea then why were JPMorgan Chase, Citigroup, Deutshebank, and Goldman Sachs heavily involved?

The “too big to fail” institutions know they can invest in whatever they want in order to diversify and seemingly pay no consequence if it goes tits up. Involvement by big institutions doesn’t mean it’s legit, it means they want a piece of the action because they can write it off or get bailed out if it fails.
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Could be right. But there will be money flowing into the crypto markets for the time being. Which is fine by me.
 
Crypto looking strong. Who is ready to get rich? I invested a ton into various projects this bear market. Crypto ETF imminent. New president imminent. BTC halving upcoming.

It is all very bullish. I expect a bullrun to start late 2024 and run through 2025
 
I’ve been well in the red with ETH and ADA since 2021, so it will nice to see it going back up.
 
Creflo said:
thoughts on current bull market for crypto? is it here to stay?
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Current bull market is just starting. It’s being driven by the massive buying of Blackrock etc from their investors trying to get exposure to the BTC ETFs they are offering. Billions have come in. Everytime an investor buys into the ETF the same dollar amount of BTC is being bought and placed in cold storage. These BTC ETF investors are not traders they are investors.

This is why BTC price is almost back to all time high despite all the other coins are not. It’s been a BTC dominate rally being driven by institutional investors and more and more are coming. In the past it was retail. Retail FOMO is not in yet.

Several ETH ETF applications are pending. Gary Gensler and Jamie Dimon of JP Morgan are the biggest ETH bulls. These applications will get approved as early as May. Then we will see massive institutional buying into ETH and I suspect ETH price could 4-5x from here. This is where the real bull market will start.

There are a lot more retail investors who hold ETH than BTC. Once ETH rockets we typically see money flow through the rest of the market because traders are going to trade. The smaller lower market cap alts which are more volatile will start to pump incredibly hard and that’s when an alt coin run will happen.

Other driving factors for the market is the April BTC halving event where BTC miners will be producing/mining half of the BTC they were able to do before. This means less supply being sold into the market but the buying pressure will be the same or even higher. This means BTC goes up.

I project a 200-250k BTC price at top of bull market. Alt coins will see the biggest bullrun in the history of crypto. Total crypto marketcap could go as high as 10-15 trillion. It current sits at 2.3 trillion.

On top of all this what can further drive the market in a positive way is that it’s an election year and we will most likely see some rate cuts which will be positive for the overall markets and positively influence crypto too.

I also do think regulation on crypto will be a big talking point during the election where candidates who have a more favorable view on crypto regulation will be embraced and will be positive for crypto in general.

2024-2025 is going mint many new millionaires who had conviction and have been waiting/planning this all along. I put 6 figures worth of cash into crypto at the bottom and I’m already up 2-2.5x in profits and the bull market mania has not even started. Retail is not in yet. They are just sitting on the sidelines allowing wallstreet to take full control of a new asset class. I suspect retail FOMO when BTC breaks 100k as this is a psychological barrier and interest from everyone will come back.

You were told.
 
Retrograde_Nail said:
Current bull market is just starting. It’s being driven by the massive buying of Blackrock etc from their investors trying to get exposure to the BTC ETFs they are offering. Billions have come in. Everytime an investor buys into the ETF the same dollar amount of BTC is being bought and placed in cold storage. These BTC ETF investors are not traders they are investors.

This is why BTC price is almost back to all time high despite all the other coins are not. It’s been a BTC dominate rally being driven by institutional investors and more and more are coming. In the past it was retail. Retail FOMO is not in yet.

Several ETH ETF applications are pending. Gary Gensler and Jamie Dimon of JP Morgan are the biggest ETH bulls. These applications will get approved as early as May. Then we will see massive institutional buying into ETH and I suspect ETH price could 4-5x from here. This is where the real bull market will start.

There are a lot more retail investors who hold ETH than BTC. Once ETH rockets we typically see money flow through the rest of the market because traders are going to trade. The smaller lower market cap alts which are more volatile will start to pump incredibly hard and that’s when an alt coin run will happen.

Other driving factors for the market is the April BTC halving event where BTC miners will be producing/mining half of the BTC they were able to do before. This means less supply being sold into the market but the buying pressure will be the same or even higher. This means BTC goes up.

I project a 200-250k BTC price at top of bull market. Alt coins will see the biggest bullrun in the history of crypto. Total crypto marketcap could go as high as 10-15 trillion. It current sits at 2.3 trillion.

On top of all this what can further drive the market in a positive way is that it’s an election year and we will most likely see some rate cuts which will be positive for the overall markets and positively influence crypto too.

I also do think regulation on crypto will be a big talking point during the election where candidates who have a more favorable view on crypto regulation will be embraced and will be positive for crypto in general.

2024-2025 is going mint many new millionaires who had conviction and have been waiting/planning this all along. I put 6 figures worth of cash into crypto at the bottom and I’m already up 2-2.5x in profits and the bull market mania has not even started. Retail is not in yet. They are just sitting on the sidelines allowing wallstreet to take full control of a new asset class. I suspect retail FOMO when BTC breaks 100k as this is a psychological barrier and interest from everyone will come back.

You were told.
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I told you so

We are just getting started. Retail has not even entered yet.

Enjoy the ride
 
Retrograde_Nail said:
I told you so

We are just getting started. Retail has not even entered yet.

Enjoy the ride
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I’m not in crypto but a lot of my fintech’s are pumping so hard. I’m up like 100%+ in some stocks. What a time to be alive. Need this to continue so I can get out of student loan debt. Then I can really invest heavy and hopefully retire early. Screw podiatry
 
Why buy crypto when you can get crypto kicks?

TrumpCryptoPresidentLowTops-Orange-1.jpg
Trump_Crypto_President_High_Tops_-_Black-SO.jpg
 
MortonExtension said:
Why do you still do podiatry? I’d be out when I hit a milly in crypto
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A mil is nothing these days... sad but true.
If you do the 4% rule (or 5%), that's only 40-50k/yr. Even a super-minimalist can't live off that with recent inflation.

Pretty hard to retire with any reasonable lifestyle with less than 2M-5M+ and house(s) and any other major debt paid off if you want any standard of living. Also, the younger you retire, the more you need... market variability, inflation, more travel/exp desire, and no MCR/SS until 65yo. A bit depends on whether you want to maintain wealth (just live off interest) and have money for heirs versus DINK and just run it down, but regardless, 1M is not enough unless the person retiring is super old and/or has a very low standard of living.
 
Retrograde_Nail said:
still a millionaire?

I am hoping to make millions this cycle. Almost at my first million so far this cycle. But the market is looking strong. We are just getting started. Get ready to have your faces melted on the way to the moon!
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are you up a million from your initial investment this cycle or just catching up from prior losses? I am up a good bit this time around but overall I am only up low 5 figures. I am bad at this though
 
Feli said:
A mil is nothing these days... sad but true.
If you do the 4% rule (or 5%), that's only 40-50k/yr. Even a super-minimalist can't live off that with recent inflation.

Pretty hard to retire with any reasonable lifestyle with less than 2M-5M+ and house(s) and any other major debt paid off if you want any standard of living. Also, the younger you retire, the more you need... market variability, inflation, more travel/exp desire, and no MCR/SS until 65yo. A bit depends on whether you want to maintain wealth (just live off interest) and have money for heirs versus DINK and just run it down, but regardless, 1M is not enough unless the person retiring is super old and/or has a very low standard of living.
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Yeah I agree with you but I wouldn’t necessarily “retire” if I hit a million in crypto but I wouldn’t do podiatry….
 
HeySister said:
are you up a million from your initial investment this cycle or just catching up from prior losses? I am up a good bit this time around but overall I am only up low 5 figures. I am bad at this though
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I invested 140K when BTC was at 30K. Just dumped another 20K to invest in a project that has not pumped yet on AVAX.

From the original 140K my crypto portfolio is worth 650K. So I've made 510K in gains so far.

Then I have stocks worth another 350K (not including retirement and 529)

So my portfolio has just crossed 1 million recently (not including my 403B and 529 for the kids)

But I expect my crypto gains to go crazy. We have not even had a real alt coin run yet despite the price appreciation in BTC. That's when the FOMO starts and things get crazy. Has not happened yet.
 
Any info on the new Salutecoin?
 
You’re an idiot hybrocure. Coming in here when the market is a little down. Wow. How’s clipping toenails for a living? Look at yourself in the mirror.

Two more days of executive orders to go.

Separate US states have already announced setting up their own BTC reserves.

It’s only a matter of time that the US Gov’t announces a strategic Bitcoin reserve.

Trump’s team bought today and yesterday this much crypto:

$47,000,000 ETH
$47,000,000 wBTC
$4,700,000 Aave
$4,700,000 LINK
$4,700,000 TRX
$4,700,000 ENA

Pelosi went HAM on stock buys today.

The market is going to erupt

And you come in here with your bearish POV? When BTC is at a 100k????

Stop it’s embarrassing


We have been talking about how all this would play out almost a year ago. Gave you the playbook since when BTC was 30k. When it was $30,000. You did nothing.


Enjoy the nail dust rookie
 
Retrograde_Nail said:
You’re an idiot hybrocure. Coming in here when the market is a little down. Wow. How’s clipping toenails for a living? Look at yourself in the mirror.

Two more days of executive orders to go.

Separate US states have already announced setting up their own BTC reserves.

It’s only a matter of time that the US Gov’t announces a strategic Bitcoin reserve.

Trump’s team bought today and yesterday this much crypto:

$47,000,000 ETH
$47,000,000 wBTC
$4,700,000 Aave
$4,700,000 LINK
$4,700,000 TRX
$4,700,000 ENA

Pelosi went HAM on stock buys today.

The market is going to erupt

And you come in here with your bearish POV? When BTC is at a 100k????

Stop it’s embarrassing


We have been talking about how all this would play out almost a year ago. Gave you the playbook since when BTC was 30k. When it was $30,000. You did nothing.


Enjoy the nail dust rookie
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Ok nerd.

Never seen you so scared. Should invest in douchecoin.
 
Nerd?

You could have made some serious money if you listened to me. You still could get some return on your money in safe assets like $ETH and even $BTC. You won’t become a millionaire but you will make more money investing now and holding through May and selling than relying on your podiatry associate salary.

I love this thread. Just go back to the beginning and read.

The truth hurts.
 
Retrograde_Nail said:
Nerd?

You could have made some serious money if you listened to me. You still could get some return on your money in safe assets like $ETH and even $BTC. You won’t become a millionaire but you will make more money investing now and holding through May and selling than relying on your podiatry associate salary.

I love this thread. Just go back to the beginning and read.

The truth hurts.
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I literally don’t invest in anything
 
That’s why you will always complain about not having any money.

Dollar cost average

DCA into BTC today. Get a Coinbase account. Link your bank and buy $25 a day of bitcoin for the next 10 years. I bet it’s worth over a million dollars by that time. Total amount you would have spent in fiat over those 10 years would be $91,250.

DCA into Apple, GOOG, AMZN, Home Depot, TSLA. Over time your value will go up much higher than just holding the dollar which is losing value by the day


Completely doable and a no brainer way to build wealth.
 
Retrograde_Nail said:
That’s why you will always complain about not having any money.

Dollar cost average

DCA into BTC today. Get a Coinbase account. Link your bank and buy $25 a day of bitcoin for the next 10 years. I bet it’s worth over a million dollars by that time. Total amount you would have spent in fiat over those 10 years would be $91,250.

DCA into Apple, GOOG, AMZN, Home Depot, TSLA. Over time your value will go up much higher than just holding the dollar which is losing value by the day


Completely doable and a no brainer way to build wealth
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Please don’t give me good advice. Podiatrists aren’t supposed to help each other
 
ive been dollar cost averaging for the past four years pretty nonstop. Up 54%. Not bad but I’m also not crypto rich
 
Why buy cryptocurrency when we can create our own and sell to Wallstreet? Here's the vision for ACFAS Coin, tailored specifically for the podiatry field:
1 ACFAS Coin = One toenail care => your collection $1 for future customer
10 ACFAS Coins = One Foot care visiting
100 ACFAS Coins = UT stage 1 Ulcer Care
1000 ACFAS Coins = UT stage 2 Ulcer Care
10,000 ACFAS Coins = One bunionectomy
100,000 ACFAS Coins = Total ankle arthroplasty (TAA)
 
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