Bitcoin / Cryptocurrency Discussion (And Predictions)

[Timmy C]

I said bitcoin is old news about a month or two ago and that it's time to buy ethereum, since then ETH has outperformed Bitcoin.

There's a new Oracle in town.

 

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[EvanOkanagan]

I said bitcoin is old news about a month or two ago and that it's time to buy ethereum, since then ETH has outperformed Bitcoin.

There's a new Oracle in town.

All hail the new oracle!

My time has come and gone. I hope you're ready for the soul-crushing pressure and responsibility you will take on.

 

[AceVentures]

ETF make price go up.

ETF also make centralization risk go up.

People are quick to point out Blackrock as a dangerous financial monopoly.

The same people will then root as Blackrock acts as a BTC custodian.

If Blackrock leans towards fascism, what does it mean if it accumulates the BTC on your behalf instead of you assuming self-custody?

Has anybody found an intelligent assessment of the risks/opportunities of the ETF on the security of the network?

 

[EmotionEngine]

Coinbase was hacked in 2021. These ETFs use Coinbase as a custodian. Imagine the shitshow if they ever lost the funds.

 

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[AceVentures]

Imagine the shitshow if they ever lost the funds.

BREAKING: Intelligence agencies now reporting North Korea and Iran responsible for orchestrating a complex large-scale cyberattack against US company Coinbase.

 

[MitchC]

View attachment 54706

BREAKING: Intelligence agencies now reporting North Korea and Iran responsible for orchestrating a complex large-scale cyberattack against US company Coinbase.

It would be a fitting initiation to all this new money if they lost all their coins in a hack

 

[Timmy C]

Coinbase was hacked in 2021. These ETFs use Coinbase as a custodian. Imagine the shitshow if they ever lost the funds.

And they will.

 

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[Antifragile]

Hey @AceVentures do you remember when CloneX was trading at over 20 ETH and I asked you about it?

Check out the NFT prices now … oh and BAYC too, down 90%

 

[AceVentures]

Hey @AceVentures do you remember when CloneX was trading at over 20 ETH and I asked you about it?

Check out the NFT prices now … oh and BAYC too, down 90%

I don't quite remember when you asked me about them but yea I do remember when they jumped on the Nike acquisition story.

Cashed out all my NFTs before the Nike story dropped.

Had I timed my exit immediately after RTFKT got bought I would have made 5x as much.

Sometimes I'll tell people how at some point I sold JPG pictures of shoe NFTs for $60k/ea and I'll sort of blow my own mind with how ludicrous that sounds.

 

[MJ DeMarco]

Funny when I don't see this thread at the top of the forum, I know BTC is down... [takes a look at the price]... YUP!

 

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[socaldude]

Funny when I don't see this thread at the top of the forum, I know BTC is down... [takes a look at the price]... YUP!

This is why I always have a short bias with these type of assets. Same with the Indices.

Not that I want them to go down, it’s preparation.

 

[EvanOkanagan]

Funny when I don't see this thread at the top of the forum, I know BTC is down... [takes a look at the price]... YUP!

Don’t even need to look up BTC price to know where it’s trending for the day

 

[socaldude]

I’m still waiting for this. It was supposed to come out August of last year.

It’s gonna be available when the Fed and regulators give the all clear.

 

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[Timmy C]

These dips aren't big enough

 

[Antifragile]

Funny when I don't see this thread at the top of the forum, I know BTC is down... [takes a look at the price]... YUP!

Just to mess with MJ’s expectations… bump.


Also, did you see what happened with MSTR.

“Apparently a fund blew out $1b+ on the MSTR-BTC spread trade today

They covered into the close which is why BTC dumped and MSTR premium went to the highs

PNL pocketed by based Saylor and will be put back into BTC”

Mind blowing …

https://x.com/rewkang/status/1768382949781647733?s=46&t=QVRWd3GUWSHaaHwdvWGZPg

 

[GPM]

I'm still just playing with my tens of dollars over here. Machines are still going brrrrrrrrrr, haven't had to run my furnace since I moved into my new place in February. The new place has more space, so I set up a mining rig upstairs and in my living room as a heater (not just the basement). Pretty ghetto but whatever.

I'm sticking with my plan, starting in roughly June. At a minimum, no matter what the price, I am going to sell half of my mined earnings every month. No point in riding this stuff to zero if that's where it goes (coin specific, not the entire industry).

I learned my lesson during the last bull run, always wanting to catch the top and holding too long. I sold way too many coins at an average price of like $0.03, when I could have been selling the entire way up to $0.20, and then back down to like $0.01. My average price would have easily been 2-3x what it was had I just consistently sold and not tried to hold on. Plus I can now sell because I want to, and not because my rent is due and I need to. So yea, here is to a kick butt bull run!!!

I am also going to be selling 70% of my machines this bull run. All my best equipment and favorite cards I will keep, at a minimum they heat my house and provide a minimal payout above electricity costs. All my less energy dense and less efficient cards will be sold. The offers I (stupidly) turned down on rigs the last bull run blows my mind looking back. I won't make that mistake again.

For right or wrong, I have a plan this run and I am sticking to it.

 

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[socaldude]

I learned my lesson during the last bull run, always wanting to catch the top and holding too long.

An interesting thing is when it comes to other assets like say the indicies. Market tops are usually not upside down “V’s”. They tend to be rounded and have more of a longer overbought timeframe.

With crypto it’s just a swift up then a quick sell-off. Reveals a lot of clues as to what market players think and feel.

 

[EvanOkanagan]

Will the ETF’s buy the dip? Will an Elon Musk tweet send Bitcoin soaring to new highs?

@Timmy C We’re counting on you

 

[The Sandman]

I'm in for the long haul. Zooming out you can barely see the pullback. I think there's plenty of room to run, and it looks like 60k will be support.

 

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[Kevin88660]

Should there be a stocks discussion thread about nvidia, tsmc and amd?

 

[Timmy C]

Will the ETF’s buy the dip? Will an Elon Musk tweet send Bitcoin soaring to new highs?

@Timmy C We’re counting on you

Bitcoin will range in the $50,000 - $60,000 area for no more than a month as Elon musk increases his degenerative dogecoin twitter memes for the rest of the cycle.

Dogecoin will pump to the moon and will become the new world currency by the year 2025.

 

[cmh]

When you start seeing total normies talking about how they are Blockchain Experts and making "generational wealth" and so-on, you know the top is near. I ignored those time-honored signs last bull run, figuring that maybe mass-adoption was occurring. Whoops! I've been DCA'ing ever since that top, and will sell all and further free myself this bull run. Then I'll buy back in once I see people lamenting the death of crypto -- again. See pic for the literal top last go round.

 

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[socaldude]

I'm in for the long haul. Zooming out you can barely see the pullback. I think there's plenty of room to run, and it looks like 60k will be support.

You can use Bollinger Bands for crypto. It’s simple and easy to understand. You get your sigma bands and your 20 day moving average. You can modify them as well. Bollinger himself even wrote a book on it.

 

[Timmy C]

When you start seeing total normies talking about how they are Blockchain Experts and making "generational wealth" and so-on, you know the top is near. I ignored those time-honored signs last bull run, figuring that maybe mass-adoption was occurring. Whoops! I've been DCA'ing ever since that top, and will sell all and further free myself this bull run. Then I'll buy back in once I see people lamenting the death of crypto -- again. See pic for the literal top last go round.

I don't know what a bitcoin dinner is, but I want to go to one now.

Especially if they there.

 

[Timmy C]

https://twitter.com/i/web/status/1770365847925612714

View: https://twitter.com/BitMEXResearch/status/1770365847925612714?s=19

 

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[EvanOkanagan]

“If you can’t handle Bitcoin when it dumps, you don’t deserve it when it pumps.”

- Warren Buffett

 

[Timmy C]

“If you can’t handle Bitcoin when it dumps, you don’t deserve it when it pumps.”

- Warren Buffett

 

[Ing]

I'm still just playing with my tens of dollars over here. Machines are still going brrrrrrrrrr, haven't had to run my furnace since I moved into my new place in February. The new place has more space, so I set up a mining rig upstairs and in my living room as a heater (not just the basement). Pretty ghetto but whatever.

I'm sticking with my plan, starting in roughly June. At a minimum, no matter what the price, I am going to sell half of my mined earnings every month. No point in riding this stuff to zero if that's where it goes (coin specific, not the entire industry).

I learned my lesson during the last bull run, always wanting to catch the top and holding too long. I sold way too many coins at an average price of like $0.03, when I could have been selling the entire way up to $0.20, and then back down to like $0.01. My average price would have easily been 2-3x what it was had I just consistently sold and not tried to hold on. Plus I can now sell because I want to, and not because my rent is due and I need to. So yea, here is to a kick butt bull run!!!

I am also going to be selling 70% of my machines this bull run. All my best equipment and favorite cards I will keep, at a minimum they heat my house and provide a minimal payout above electricity costs. All my less energy dense and less efficient cards will be sold. The offers I (stupidly) turned down on rigs the last bull run blows my mind looking back. I won't make that mistake again.

For right or wrong, I have a plan this run and I am sticking to it.

Instead of selling in the way up the rising charts, you can set up a sliding sell order, which sell, when the price goes down a fix amount. So setting an order everytime you want to sell, which makes the current price a mi imum price. If you dont look at it again, you ll make a better dca out profit.

 

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[Ing]

I don't know what a bitcoin dinner is, but I want to go to one now.

Especially if they there.

They are 3 years older now. Ya should wait a year!

 

[Ing]

Sure you all k ow it, but that’s for beginners:

Somday you will consider a cold wallet. You will send your coins to it.
And after a while you ll check your wallet.
You recognize perhaps two things:
1.someone sent you NFTs for free.
2. someone sent you coins for free.

Of course you are clever and immediately think: what’s the scam.

1. if you click at the homepage mentioned at the description your wallet is most likely to be drained in any way. Thats why you never touch NFTs you didn’t buy yourself.

2. when you send coins and token, you often use the same adresses. You often just take the last used adress and send. Until now. Now the last used adress is the adress of… a scammer. And you send him your coins…stop, no. Of course YOU allways write down the target adress on a paper and than check EVERY number and letter of your target adress. That’s how you avoid being scammed this way.

When dealing with crypto, you get scammed everywhere! Be careful!