Nathan R. Jessep
Footballguy
51K
Why didn’t we go in heavy on BTC at the time of this post. Sigh.really?
https://www.coinbase.com/charts
1BTC = $654 (+$362 since last year)
I'm no mathematician, but +124% in a year seems a lot better than -5%.
EDIT: appears I misread your point here. my bad.
Microstrategy just raised money to take another billion worth of bitcoin off the market next week. I think that will be the catalyst that takes us to 63k, which was the imaginary number I circled for the goal of this bull run.@hooter311thanks to some of your suggestions I’ve done quite well on crypto/btc related stocks this year. That said, I’m trying to simplify my portfolio and I’d like to reduce my list by a couple. Thoughts on which ones you hold vs let go? The main ones I have are GBTC, RIOT, HBVTF, and SI. Some lesser known crypto/sympathy plays that I have are SINO, EQOS, and NXTD.
The guy that invented dogecoin spent about 4 hours on the project creating it and he liquidated his holdings a few years ago for under 10,000.This is the type of stuff that will end badly:
https://www.forbes.com/sites/billybambrough/2021/02/14/doge-is-underestimated-elon-musks-fav-bitcoin-rival-dogecoin-is-getting-a-surprise-upgrade/amp/
So, Jake Paul is pimping something that was created as a joke and has had no one working on it for a couple years. The developers are starting to jump back in to work primarily on security.
Now that these coins are big again, there will be way more people working to find flaws and something like Dogecoin would seem to be a perfect thing. What if there is a security flaw? Do you really think the 1 or 2 guys who haven’t touched it in years will be able to do anything about it?
I already bought into BTC and will likely add more but the alt coins are rife for issues and blowing up.
What’s your POV on ETH’s high fees, clogged network and slow transition to ETH 2.0?Microstrategy just raised money to take another billion worth of bitcoin off the market next week. I think that will be the catalyst that takes us to 63k, which was the imaginary number I circled for the goal of this bull run.
At that point I think I'll be satisfied and I'll diversify about 65% of my portfolio to something else. Probably cut all my btc mining stocks and have my portfolio be about 25% gbtc and 10% MSTR.
SI is a great long term play and I think once this cycle over, ethereum is gonna be the rage for the next couple years until the next halvening.
I need to do some research on those last 3, none of those are currently on my radar. Thank you for mentioning them.
Liquidating in 2017 was one of the most agonizing financial decisions of my life. You would think getting rich would be more fun....
Eth is going to be forced to adopt eip-1559 which would involve ethereum turning "combustible" and billions worth of ETH will be "burned" every year to bring down current gas fees.What’s your POV on ETH’s high fees, clogged network and slow transition to ETH 2.0?
I have ETH too, but I worry they’re leaving a door open. If there is one crypto I regret not getting into, it’s DOT. They along with ADA, seem to be reaping benefits from some of the issues ETH is experiencing.
What’s preventing it from doing that now?Eth is going to be forced to adopt eip-1559 which would involve ethereum turning "combustible" and billions worth of ETH will be "burned" every year to bring down current gas fees.
If/when this happens I think ethereum will jump to the 5-20k trading range.
At the moment you are right, it's too expensive to even do anything with.
They have to at least wait until the next fork which I believe is in July.What’s preventing it from doing that now?
Thanks for the response. Do you think the miners have long term value or where does this end for them once a lot of the coins have been mined? Do they switch to other coins, do they make money in crypto trading or otherwise?Microstrategy just raised money to take another billion worth of bitcoin off the market next week. I think that will be the catalyst that takes us to 63k, which was the imaginary number I circled for the goal of this bull run.
At that point I think I'll be satisfied and I'll diversify about 65% of my portfolio to something else. Probably cut all my btc mining stocks and have my portfolio be about 25% gbtc and 10% MSTR.
SI is a great long term play and I think once this cycle over, ethereum is gonna be the rage for the next couple years until the next halvening.
I need to do some research on those last 3, none of those are currently on my radar. Thank you for mentioning them.
Liquidating in 2017 was one of the most agonizing financial decisions of my life. You would think getting rich would be more fun....
I’m actually very curious about the impact Gensler could have on crypto.Ultimately, there is probably a lot of work to be done in this country (and in reality globally) to come to policy that’s more thought out not just related to tax implications, but how will digitally native assets overall get regulated. The sense I get is that what exists today was cobbled together to ‘close loopholes’ of taxation exclusion.
Prior to 2020, BTC’s highest market cap was $400B (when total eventual supply is used)...and there were times in 2020 where it dipped as low as $80B. So a fully fleshed out US government and taxation code and policy likely wasn’t high on the list of priorities to address. And let’s be fair, the narrative of what BTC actually is has changed dramatically over the last 24 months as well. It’s utility as a ‘currency’ has seemingly been usurped by it’s newer and generally more accepted narrative as Digital Gold.
The appointment of Gary Gensler as SEC Chief I think is a good development as he’s actually taught a crypto course at MIT. So he’s knowledgeable about the space and likely has a balanced view of how to approach this market space. I imagine the next 4 years will see a lot of movement of this front as BTC’s price ascends to the six-figures and cryptos status as a viable asset class gains stature.
I still really like LINK.My brother is about to retire from this stuff. He's gone from $30K in the game four years ago to a few million. Happy for him. He told us. I bought in a couple of years ago, but only enough to be in the game. A BTC, a bunch of ETH and a good bit of LINK. One would think it's been nice to watch it quintuple, but all I have is regret for not putting a lot more in. Meanwhile what I put in IBM and MSFT have really taken off
Solid opportunity.So what's the story with Ethereum 2.0? Coinbase has this staking thing they are adding people to a waitlist for, which looks to be the "opportunity" to buy in and get 7.5% interest, but you can't sell it for a period of time. And it may not even be a thing for a few years? An opportunity here or stay far away?
I like it in theory but 125 wallet addresses currently control 80% of LINK. That has black swan written all over it.I still really like LINK.
What happens to the price the more corporations but bitcoin?The next 60 days should finally bring about the "bitcoin supply crunch"
Microstrategy is about to release a bit that will be purchasing 1.06 billion in btc next week at a rate of 2k per second.
The sellers are drying up...
Supply/demandWhat happens to the price the more corporations but bitcoin?
Already here. And it’s going to get worse over the next few weeks.The next 60 days should finally bring about the "bitcoin supply crunch"
Microstrategy is about to release a bit that will be purchasing 1.06 billion in btc next week at a rate of 2k per second.
The sellers are drying up...
Microstrategy went over how to buy btc in small increments at a fast rate on the exchanges as to not draw attention to themselves and affect price.Already here. And it’s going to get worse over the next few weeks.
Wall Street being very quiet about doing any actual buying..... but it’s all everyone is talking about and the price has gone straight up.
all it’s going to take is one more Fortune 500 company to say they bought a half billion and its to the moon. My bet is Oracle but MGM and Disney were both noticeable at the micro strategy conference. If Mickey Mouse buys in its laser eyes to 100K time.
For reasons I state above if you are holding less than .2 coin I wouldn’t mess around with timing. This thing runs away you will never own any.Man, this is hard to assess the risk, for me. I have some cash on hand I could put more into. (I currently have <$1K BTC acquired). I don't know what to do here. Put 50% of it in? All of it? None of it? Ugh. Life is hard.
Well, I hear you, and am more on the side of buying in that not, BUT, and this is and has been the hesitancy with this since it's inception, along with all the other cryptocurrencies, it could literally disappear into nothing tomorrow. That is the risk. It just comes down to what you believe and if you are willing to stake a good chunk of your own assets on that belief. Idk. Just one man's semi-informed opinion.For reasons I state above if you are holding less than .2 coin I wouldn’t mess around with timing. This thing runs away you will never own any.
.2 at “any cost”. You want to play around with timing after that at least you got a min stake
What I would tell you is those chances still exist in this space. Yes, BTC’s days as a 4-digit asset are done, but there are other opportunities.My brother is about to retire from this stuff. He's gone from $30K in the game four years ago to a few million. Happy for him. He told us. I bought in a couple of years ago, but only enough to be in the game. A BTC, a bunch of ETH and a good bit of LINK. One would think it's been nice to watch it quintuple, but all I have is regret for not putting a lot more in. Meanwhile what I put in IBM and MSFT have really taken off
If you’ve ever heard of the Lindy Effect...Well, I hear you, and am more on the side of buying in that not, BUT, and this is and has been the hesitancy with this since it's inception, along with all the other cryptocurrencies, it could literally disappear into nothing tomorrow. That is the risk. It just comes down to what you believe and if you are willing to stake a good chunk of your own assets on that belief. Idk. Just one man's semi-informed opinion.
That quick crash to 48K this morning is going to end up being an epic good entering point.This will be a short lived dip. Buy BTC, Eth and LIte is you can today.
Hope i was right x2That quick crash to 48K this morning is going to end up being an epic good entering point.
Bitcoin has dropped so many times in the last 10 years because "China banned it" that it became a joke in the crypto community. It's all noise imo.Got some more at 47ish this morning. Is anyone here concerned about the potential ban of BTC ownership in India? Are other governments going to follow their lead? How will it impact crypto going forward?
That's my problem with crypto. I can do some serious damageETH is the one that is killing me only cause I entered it last week drunk off my ###