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01-07-2021 , 01:48 AM
Quote:
Originally Posted by The_Jackal21
Sorry inspector, i'll stop quoting him but i think eventually he'll come to a crossroad as his points just don't hold up, honestly hoping he sees his errors when he compares gold to bitcoin.

Actually i'm not even sure why he keeps bringing gold up.
Put the guy on ignore. He's a legit sped repeating the same **** over and over. Trust us.
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01-07-2021 , 01:58 AM
He does repeat the same stuff, hopefully he learns from this and stops repeating stuff, TR, you are on a loop bro, snap out of it!!

SNAP OUT OF IT!
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01-07-2021 , 02:01 AM
All a troll wants attention, they don't believe a word they say, they don't care about the topic at all. He will never change his opinion because he doesn't actually have one.

By responding to him over and over he is beating you, he is winning. Put him on ignore and forget about him.
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01-07-2021 , 02:12 AM
I'm not one to partake in conspiracy theories. But he's so bad a part of me feels like 2+2 hires a few hands at minimum wage to go in the forums and stir **** up to promote forum activity. It's like he's not even human.

Ignore him and lets move on.

I honestly don't believe 2+2 has done this, but it may not be far off.
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01-07-2021 , 02:18 AM
Freegold Ventures Ltd current Mkt cap 275.93M


Damn like 3 of us could have made a few million. Try to keep your penny stock discourse in its proper thread.
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01-07-2021 , 02:29 AM
Jackal,


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01-07-2021 , 03:06 AM
What's to be said about the fact that now that BTC has been around 12 years. Kids who are growing into adulthood will have never had a memory of bitcoin not being around. It's nothing new to them. It's not taboo. It's just normal.

Head over to kitco.com and watch a couple videos on gold if you want to see the people touting gold. It's literally the walking dead. Every single one of them.

I think that's pretty telling of where the future goes.

HODL!!!!

Definitely plenty of moon cases here.
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01-07-2021 , 08:14 AM
Quote:
Originally Posted by snowie963
Im not offering crazy odds like tooth but if there is a good escrow here, since I'm a gambler I would do 500-1k at even odds we see 20k before 38k for a small sweat. 6-12 month time frame or money back.
Well this only took 6 days to resolve.
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01-07-2021 , 08:46 AM
Argo Blockchain ARB.L, last 3 days

+42%, +42%, +34%

When your portfolio is being consumed by BTC micro caps and you took the executive decision to not rebalance:

Spoiler:


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01-07-2021 , 09:04 AM
Quote:
Originally Posted by onemoretimes
What's to be said about the fact that now that BTC has been around 12 years. Kids who are growing into adulthood will have never had a memory of bitcoin not being around. It's nothing new to them. It's not taboo. It's just normal.

Head over to kitco.com and watch a couple videos on gold if you want to see the people touting gold. It's literally the walking dead. Every single one of them.

I think that's pretty telling of where the future goes.

HODL!!!!

Definitely plenty of moon cases here.

All of the candy bars, baseball cards and school lunches they've paid for in BTC over the years. It's like second nature to them...
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01-07-2021 , 09:28 AM
Quote:
Originally Posted by tgiggity
Yeah I get it.

But I got into btc @2k before the run up to 21k and never sold in that cycle. Would be nice to book some profits and re enter , but maybe I'm setting my sights too low. Though we've almost 10xed already off lows this year
Depends on your goals and how much you have. But generally I think most who wouldn't harvest some profits in this situation are making a mistake. I guess write down best case or very good case result for BTC for you, and then come up with a plan/strat to get you there with est probabilities of outcomes.

I mean if you have 100k worth atm and you only deem it a success if you can turn it into 1mm then you prob shouldn't harvest.

Also prob better off taking your cap gains in 21 vs 22.


A friend had an amount that if he sold @33k, he def didn't ever have to work again. I was trying to talk him into harvesting and he's wanting to let ride. I'm like are you out of your mind? Sell 75%... and let the 25% go to the moon if it wants.

There's never have to work money, never have to work money + have more than 1 house, then there's private jet money. If it's jet or bust then YOLO.
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01-07-2021 , 09:47 AM
I mean obviously there is nothing wrong with taking profits, but if you are investing money that you don’t need to live, why sell? When you made the decision to invest, it should have been with money you knew you could lose. So why now take it away just because it’s *more*? Isn’t this WHY you invested?

If you are long and think it’s going to come crashing down again and never recover, then why are you long in the first place?

I didn’t invest at 15k or whatever to sell at 30k because that’s the top. The hope is that it cements itself as a reputable SoV asset class and maybe beyond.

The price going parabolic doesn’t always mean something will come crashing down, sometimes it means the thesis is right. Sure it could, but this also fits the bull thesis and may never crash (50%+) again.

Someone may have posted the article in this thread, but there was an article about how investing in things ATHs has been a very profitable strategy throughout history.

Humans are very biased by the past and just naturally assume something that has appreciated bigly, must come back down. In reality that’s a baseless claim and has nothing to do with where things are headed (in either direction). As information changes, so do markets. I’d say trying to compare Bitcoin pre-pandemic to post money printing pandemic is foolish.

The point I’m trying to make is, stick to the thesis. If you were just in it for a quick buck and you don’t believe, sure go ahead and sell. If you still believe in widespread Bitcoin adoption, hold on for a long time.
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01-07-2021 , 09:53 AM
Quote:
Originally Posted by Good Money
Yes, but if the narrative is that BTC price action is being driven by institutional money looking for a SoV then why are we seeing that again? The people acquiring BTC to put on company balance sheets aren't the guys also punting off on random altcoins because they like the projects or are hoping for moonshots. Well, I think thats the case but perhaps Im underestimating the extent of degeneracy out there. I haven't heard of many companies buying up ETH to put on their balance sheets, never mind something like ETC or DAO.



Regarding people rotating profit in to alts, I understand people in profit from BTC do it - I am also doing it like yourself. But I don't see that being of a big enough magnitude overall to drive all this price action. I might be wrong.



Yeah, you're right. I was referring to the ETH futures coming next month. Not the same I know. My bad.
Institutions are buying btc driving it up. Btc traders/holders are rotating some of their profits into alts to prey on the coming retail wave who will think btc is "too expensive" and aren't smart enough to tell the difference between btc and the rest of "crypto".
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01-07-2021 , 09:55 AM
Quote:
Originally Posted by TooCuriousso1


Also prob better off taking your cap gains in 21 vs 22.




There's never have to work money, never have to work money + have more than 1 house, then there's private jet money. If it's jet or bust then YOLO.
Why re: cap gains?

And jet or bust
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01-07-2021 , 09:59 AM
I do 2 things now:

watch the price go up

and watch this show: https://www.cnn.com/2021/01/07/europ...mMJqgmjFZm4zk4

episodes here: https://www.dr.dk/drtv/episode/john-...lermand_227290

Spoiler:
It's an actual real kids show about a guy with a huge penis. You can't make that up
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01-07-2021 , 10:40 AM
btc valuation is being driven by tether...
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01-07-2021 , 11:26 AM
The earth's rotation is being driven by the moon...
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01-07-2021 , 12:14 PM
Quote:
Originally Posted by ToothSayer
We're getting close here to the end of this ponzi wave. ̶7̶0̶%̶ ̶c̶h̶a̶n̶c̶e̶ ̶o̶f̶ ̶$̶1̶5̶K̶ ̶b̶e̶f̶o̶r̶e̶ ̶$̶3̶5̶K̶, 90% chance of $15K hitting before $40K, 100% chance of $15K before $50K. Do the math. Bitcoin is a sell here at $29K.

100% chance of $100 before $100K.
Are you currently taking action on these statements made just a week ago?

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01-07-2021 , 12:16 PM
39k!

God damn this bull run is something else.
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01-07-2021 , 12:28 PM
Quote:
Originally Posted by housenuts
Why re: cap gains?

And jet or bust
<3
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01-07-2021 , 01:16 PM
Quote:
Originally Posted by ToothSayer
I said I'll call the top when I see it, but that wasn't good enough for people, so in response to multiple afraid hodlers begging me at $19K for some direction (because they don't really believe their own thesis), I said the ponzi wave doesn't feel done yet and it will go through highs, maybe a few K higher (it's 10K higher now).

We're getting close here to the end of this ponzi wave. 70% chance of $15K before $35K, 90% chance of $15K hitting before $40K, 100% chance of $15K before $50K. Do the math. Bitcoin is a sell here at $29K.

100% chance of $100 before $100K.
Just gets funnier and funnier
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01-07-2021 , 01:22 PM


even I have to say this is insane... But it looks like it's just getting started on the daily.
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01-07-2021 , 01:53 PM
Every previous ponzi wave has made the previous wave just a little blip on the graph. This one has a long way to go if it's going to do the same.
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01-07-2021 , 02:02 PM
Data says only 22% of Bitcoin supply left in circulation...




Roughly three-quarters of the 18.6 million BTC mined to date is not up for sale or even moving anywhere, Glassnode calculates.

Bitcoin (BTC) investors are quickly storing most of the available coins away, and they are not for sale, new data at the start of 2021 reveals.

Statistics from on-chain analytics resource Glassnode originally released on Dec. 29, 2020 confirm that almost 80% of the Bitcoin supply is illiquid.
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01-07-2021 , 02:10 PM
Quote:
Originally Posted by ToothSayer
I said I'll call the top when I see it, but that wasn't good enough for people, so in response to multiple afraid hodlers begging me at $19K for some direction (because they don't really believe their own thesis), I said the ponzi wave doesn't feel done yet and it will go through highs, maybe a few K higher (it's 10K higher now).

We're getting close here to the end of this ponzi wave. 70% chance of $15K before $35K, 90% chance of $15K hitting before $40K, 100% chance of $15K before $50K. Do the math. Bitcoin is a sell here at $29K.

100% chance of $100 before $100K.
"do the math"
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