BITCOIN

Aegis

Zola. said:

*yawn*
Wont be engaging with you again 

Awesome, have fun remaining ignorant of your own investments while insulting others for remaining ignorant on your investments.

Scottex99

tebbins said:

Scottex99 said:

Imagine knowing about BTC for 10 years and owning 0 as it becomes the fastest growing asset of all time, lol.

I do like the line of questioning though. I’ve been asking how SHIB has managed to do 1000000x myself with next to no fundamentals so it does make sense that people would question the difference. (Good to see SHIB is now dropping, that pretty much had to be the top by MC etc)

No cryptocurrencies have any fundamental value anymore than Bull manure. BTC is just more well-known.

Someone smarter than will explain it properly but basically BTC is the flagship world first decentralised digital currency. Scarce too as it’s capped to 21m supply and about 18m are already out. Hence the $1tn MC and expected pump to new ATHs later this year.

And I'm sure one day it will make a lovely collector's item.
Why does the fact it has a cap mean "hence" the $1tn market cap, what connects one with the other? Bull manure is a scarce resource but it doesn't have a $1tn market cap. Why is it "expected" to reach new ATHs? If there is a consensus forecast why hasn't the market already adjusted?

DOGE is a meme coin, zero utility and I think the supply increases by 5% per year (?) it’s still a top 10 coin despite being “worthless”‘though, let’s call that network effect. SHIB & DOGE should eventually go to 0 where they belong whilst BTC gets more valuable and more rare

Does BTC do anything DOGE doesn't?

None of that makes any sense.

I notice you think in quite authoritarian/fixed mindset terms, I.e. where things belong, BTC is expected (appeal to authority/the masses, saying BTC "is expected" by whom, the man?). Once people with your mindset become fixated on something the only thing that de-addicts you is when it screws you over. So I'll put you on ignore til after the Crypto Craze has passed then watch how silent these threads go.

None of makes any sense, to you.

Once you're 4 years down the rabbit hole things might just start clicking about money supply, banking the unbanked, DeFi etc etc. But that's another chat.

Expected by me yeah, and most people I know which granted are all bullish because I work in the industry. In fact a client of mine asked if he could buy $50k of SHIB yesterday and my opinion on it. I'm execution only so dont give advice but I put him off the trade as clearly (to me) it cant be far off the top being in. Checked a few hours later and it was -20%. Could rocket 3x tomorrow of course but just to show I can be objective. SHIB & DOGE are not BTC.

Don't forget as well (and i've surely said this 10 time already) I personally think its inevitable that BTC hits $100k and ETH hits $10k but I've seen my entire portfolio crash 40-50% in days, several times. Long term though it's just up and to the right.

You can ignore me all you want and probably best because at some point arguing over BTC being worth something or not is a waste of both of our time. And let's just assume I know more than you because I've been living in cryptoland for a long time.

The only thing that will be silent is you boys, WHEN it hits 100k and I come back to say told you so. And i'm not going to disappear if we ever see sub $20k again too either

Malthusian

"How is one zero sum game which you say everyone should put their money in better than an identically structured zero sum game which you say is worthless?"

"it's better because do your own research bro"

"Why would anyone put their money on the table if you can't explain in a way they understand why they should?"

"they should because do your own research bro"

Thrugelmir

adindas said:

It is sometimes worthy to take a risky decision in Investment/Trading

Someone's Purchase of US$8,000 Worth of Shiba Inu Coin Last Year Now Worth US$6 Billions

Try selling $6 billion of coins in the marketplace......... takes a counterparty to trade any asset.  

Scottex99

Thrugelmir said:

adindas said:

It is sometimes worthy to take a risky decision in Investment/Trading

Someone's Purchase of US$8,000 Worth of Shiba Inu Coin Last Year Now Worth US$6 Billions

Try selling $6 billion of coins in the marketplace......... takes a counterparty to trade any asset.  

Yeah this is a good point. SHIB is listed in a lot of places but most volume is on Binance, will be a whole crew of dog money millionaires flipping to USDT on there right now probably

Prism

I have a bit of experimental cash in crypto. Not having any other method of valuing BTC or ETH I use this thread, and a couple of FB groups as a measure of if to top up. A couple of posts a week and its a good time to add some cash. Multiple posts a day tend to suggest its near a peak. I find it amazing how crypto sucks in the crowds due to FOMO.

Thrugelmir

Prism said:

I have a bit of experimental cash in crypto. Not having any other method of valuing BTC or ETH I use this thread, and a couple of FB groups as a measure of if to top up. A couple of posts a week and its a good time to add some cash. Multiple posts a day tend to suggest its near a peak. I find it amazing how crypto sucks in the crowds due to FOMO.

Squid being the latest craze. 

Zola.

Prism said:

I have a bit of experimental cash in crypto. Not having any other method of valuing BTC or ETH I use this thread, and a couple of FB groups as a measure of if to top up. A couple of posts a week and its a good time to add some cash. Multiple posts a day tend to suggest its near a peak. I find it amazing how crypto sucks in the crowds due to FOMO.

A limit order in and around 10-15% off spot price will allow you to get a bit of a deal, it will wick down and up again and vice versa. 

You can also refer to the greed and fear index to get an idea when its overheated, although its usually pretty obvious....you can also see how much live-action there is in the mempool as well as this page 

Adyinvestment

Prism said:

I have a bit of experimental cash in crypto. Not having any other method of valuing BTC or ETH I use this thread, and a couple of FB groups as a measure of if to top up. A couple of posts a week and its a good time to add some cash. Multiple posts a day tend to suggest its near a peak. I find it amazing how crypto sucks in the crowds due to FOMO.

It's quite funny but I have noticed something similar, the more the price goes up the more it's talked about and also the more the naysayers argue against it, this is turn leads to more and more posts and I would imagine more people curious as to what all the fuss is about.

Bitcoin - self perpetuating 

RolandFlagg

Don't let the memecoins pumps put anyone off BTC.

It's like comparing apples with oranges.

Or Apple stock with Nikola stock.

I will keep posts to news from now on, as it's a waste of energy having a discussion with flat earthers.

So latest news:

Coinbase app becomes most downloaded app ahead of the likes of TikTok, Whatsapp, YouTube etc.
If that isn't bullish I don't know what is.
https://cointelegraph.com/news/coinbase-regains-1-position-on-apple-app-store-as-crypto-com-jumps-to-third

Australian Spot Bitcoin ETF to be approved.
https://bitcoinmagazine.com/business/australias-top-securities-regulator-says-it-will-approve-bitcoin-etfs

Matt Damon does a one minute ad for Crypto.com under the title "Fortune favours the Brave" (Which has always been my thoughts with investing).
https://www.youtube.com/watch?v=9hBC5TVdYT8&ab_channel=CryptoCom