BITCOIN

hallmark

Good link.  If that kind of poorly understood stuff is happening behind the scenes and possibly about to implode, it might explain why the US Regulators are suddenly making the point of warning on crypto contagion..

DannyCarey

There's Bitcoin and there's everything else..

Scottex99

Well well well, hello chaps. It's been a while.

Only scanned the last 6 pages and no idea when I last posted or what I'm doing back but seems the discussion is still alive.

I was very much part of the BTC to $100k crew as it rose past $20k in December 21? In hindsight, rampant inflation was obvious after all the money printing but I wasn't expecting macro to be so bad and equities to tank bad too. Plus War and whatever else.

LUNA collapse was a shock to me, UST peg wasn't difficult to break but I got sucked in by the UI/UX of the Terrastation which was very slick. 

Obviously that rekt Celsius, then 3AC, recently FTX and now Genesis having problems and Huobi in trouble too. Tough times for crypto firms. We've been regulated with full asset segregation from the beginning and traded about $400m in November and December, will be looking to Series A in 12-18 months, so there are still good players out there.

Recession due 2023? I wouldn't expect the markets to recover much next year but I do expect another crypto bullrun within a couple of years and BTC to get well past $100k in the long term.

Cheers

Scott

Hexane

Welcome back Scott, interesting to have your viewpoint on it. How's the weather down there?

masonic

Scottex99 said:

Well well well, hello chaps. It's been a while.

Only scanned the last 6 pages and no idea when I last posted or what I'm doing back but seems the discussion is still alive.

I was very much part of the BTC to $100k crew as it rose past $20k in December 21? In hindsight, rampant inflation was obvious after all the money printing but I wasn't expecting macro to be so bad and equities to tank bad too. Plus War and whatever else.

LUNA collapse was a shock to me, UST peg wasn't difficult to break but I got sucked in by the UI/UX of the Terrastation which was very slick. 

Obviously that rekt Celsius, then 3AC, recently FTX and now Genesis having problems and Huobi in trouble too. Tough times for crypto firms. We've been regulated with full asset segregation from the beginning and traded about $400m in November and December, will be looking to Series A in 12-18 months, so there are still good players out there.

Recession due 2023? I wouldn't expect the markets to recover much next year but I do expect another crypto bullrun within a couple of years and BTC to get well past $100k in the long term.

Cheers

Scott

@Scottex99 good to see you are alive and well. A lot of people had been trying to @ you around June last year without success, so you did have us wondering. Something about making good on a promise.

https://forums.moneysavingexpert.com/discussion/comment/78313839/#Comment_78313839

Scottex99 said:

benbay001 said:

Scottex99 said:

benbay001 said:

Scottex99 said:

I'd never say never but at this stage with big corps getting in and JPM, Citi etc etc all having a look I'd say highly unlikely now.

Wait, what? JPM and Citi are holding crypto?

Lol, and it all starts making sense....

Do you think we just make stuff up? Everyone with half a brain has/is going to try to buy BTC

Nope, i just wanted a link to an article that spelt out that actually, JPM and Citi arent buying crypto, but are actually simply offering crypto as an investment vehicle to clients. A whole world of difference.
No different really than them offering clients soy bean futures. It doesnt mean they are bullish on the futures of soybeans.

Scottex99 said:

HansOndabush said:

Bitcoin could go to any price $100K, $1m, anything which still would not prove it isn't just a bubble and might go to $0

Hahaha, well thats pretty fckn boring and we need a timescale to have this bet too.
By 01/01/2023 if BTC hasn't gone to $0, you pay my charity £1k, I do the same for you if it does

Make the date 2033, and the target price no higher than it is today. Id take that.

You honestly think that giant banks are offering BTC to clients and not taking a position in it themselves? The fastest growing asset of all time? The hardest form of decentralised money that that there is? Cool.

I dont mind coming back here to gloat at any time but i'd draw the line at 12 years from now. 

I'll make it easier then, BTC goes under $20k ever again, someone just @ me here and I'll give a grand to charity. I'll probably do similar at $100k too, just for fun

Linton

Scottex99 said:

Well well well, hello chaps. It's been a while.

Only scanned the last 6 pages and no idea when I last posted or what I'm doing back but seems the discussion is still alive.

I was very much part of the BTC to $100k crew as it rose past $20k in December 21? In hindsight, rampant inflation was obvious after all the money printing but I wasn't expecting macro to be so bad and equities to tank bad too. Plus War and whatever else.

LUNA collapse was a shock to me, UST peg wasn't difficult to break but I got sucked in by the UI/UX of the Terrastation which was very slick. 

Obviously that rekt Celsius, then 3AC, recently FTX and now Genesis having problems and Huobi in trouble too. Tough times for crypto firms. We've been regulated with full asset segregation from the beginning and traded about $400m in November and December, will be looking to Series A in 12-18 months, so there are still good players out there.

Recession due 2023? I wouldn't expect the markets to recover much next year but I do expect another crypto bullrun within a couple of years and BTC to get well past $100k in the long term.

Cheers

Scott

Surely rampant inflation etc should have been good for BTC when all the sheeple panicked out of the dodgy fiat currencies into the safety offered by BTC?

bugbyte_2

Hi Scott, so glad you are alive and well.

If I was held to account for every stupid thing I had said in the past I would be in serious trouble, so I think we really should drop the £1000 thing.

Scottex99

Surely rampant inflation etc should have been good for BTC when all the sheeple panicked out of the dodgy fiat currencies into the safety offered by BTC?

Yeah I was in that camp too, kind of. 

But obviously when your equities are dumping and you're losing money everywhere you are not going to find BTC a safe haven.

BTC has never been more correlated to equities than it is now but I do think it will dislocate some time in the future 

Scottex99

Haha nice, I do remember trying to get some bets on with people, couldn't remember what the figures were.

10 people vote and I'll pay the grand to the one with the most?

TBC15

I'm in pay up.