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Bitcoin / Cryptocurrency Discussion (And Predictions)

Timmy C

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Due to the unfortunate nature of the current market conditions.
I am informing you all, that I am now a long term investor.
 
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AnNvr

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Ok.

Regarding profit I will:

Now sell my token. Or change in stablecoins ( I have done that already)
In the time until the next sink in December 2022 I will make due diligence, wheather other coins/ token have the potential regarding business ( or profit) like ETH or Fantom.

In December 2022 I will get into the token I choose.
In Juni 2023 I will sell again with 100 to 500% profit.

In December 2023 I will again get into the token I choose, as there will be the next sink.
Than in April 2024 Btc halfing will happen and my token will rise until 2025.

An uncertain thing is which months, as the halfing will be in April and the 2020 was some months later.

So thats my timeline. Will You follow?
May I ask you how did you predict the due dates?

It's still an unregulated, highly volatile (and manipulated) market. Said so, even with the most accurate technical analysis you would not be able to predict what will happen in one, two or three years time.

More than planning by timing the market it's wiser learn how to have time in the market. I have learnt great educational content with a book in particular that I feel recommending: The Investor's Quotient - J. Bernstein
 

MitchC

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Pablo Heman predicted this a couple of weeks back based on whales moving large amounts of coins to exchanges.

I think info like that is more useful than TA.
 
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AnNvr

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Pablo Heman predicted this a couple of weeks back based on whales moving large amounts of coins to exchanges.

I think info like that is more useful than TA.
BC backer is a chartist on YT and he's talking daily about what is happened since over than a month ago.

By the way I am not here promoting technicals over than fundamentals or viceversa. Personally, I do both.
But while fundamentals are strongly opinable and based on a flow of speculative information in a noisy network, reading a chart give you a clearer picture of the market's sentiment regardless what fundamentals say. Especially in noisy environments, gets very helpful.
 

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Not too sure about Solana, but they just had a DDoS attack on the network last month. So with any new chain you have risk. All of these concepts like Proof of Stake, Proof of History, etc., are simply untested experiments. Proof of Work is tried and tested. Bitcoin has 12+ years of history and has never been hacked except for maybe 1 or 2 exploits that were fixed very early on in the project.

Right now Solana has almost double the market cap of Polkadot. Polkadot development is moving along very nice and this year could be a big year for it. A 20x return from DOT right now puts the market cap at a little over half a trillion, slightly more than eth at the moment. The team behind DOT is super low key and has good crypto-anarchist principles.

If we look at percentage of global economy, vs the crypto market, you have a lot of numbers from 40 Trillion to 400 Trillion - for illustration let's just settle around $93T number by the IMF in 2021.

With that number, the current crypto market is about 2-3% of the global economy. As nation states begin to dissolve and the value of their currencies become debased, more people will put their money into the crypto market as a safe haven. By the end of the decade we may have a case where the total crypto market cap has at least tripled.

The era of the national currency has had a good run.

The cities and countries of the future will compete with each other based on quality of life benefits, tax benefits, infrastructure, etc. They will not so much seek to collect taxes as to attract the wealthy through various incentives.

You can already see El Salvador doing this, as well as some red leaning states in the US, and a couple countries in Europe.

As always, caution is always good. I expect that there will be many wallet hacks and exploits and scams and probably substantial corrections. A solar flare for instance would temporarily wipe out the crypto market and but probably create an insane buying opportunity.
20x on DOT from the current marketcap this year?? I want to have a bit of that good stuff you've been smoking too :p

I'm bullish on Dot though.
 

AnNvr

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Beside the sentiment on Twitter (as mentioned by @MoneyDoc ) is reluctant admitting any possible capitulation, BitCoin dominance has been in downtrend since Jan '21. Slow and steady.
And previous cycles shown that when BTC loses dominance, money flows into Alt coins.
The narrative doesn't necessarily repeat but I would not understimate the evidence. Curious to see the what will happen by the week coming up.
 
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Ing

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May I ask you how did you predict the due dates?

It's still an unregulated, highly volatile (and manipulated) market. Said so, even with the most accurate technical analysis you would not be able to predict what will happen in one, two or three years time.

More than planning by timing the market it's wiser learn how to have time in the market. I have learnt great educational content with a book in particular that I feel recommending: The Investor's Quotient - J. Bernstein
I separated my mind from thinking in stocks, a more than 100 years old system, wher you can recognize ( about 3-4) 30 years cycles.
I m looking on cryptos, a more than 10 years old system, where you can recognize (about 3-4) 4 years cycles.
In 4 years we can meet again laughing about me, or not.

Sure I can read books about stocks and old stories, but I take more value from looking at charts and reading whitepapers and crypto businessˋ stories.

Edit: I did good in following the prediction regarding the last cycle.
A tool is this : https://stats.buybitcoinworldwide.com/cycle-repeat/
 
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Vasili27

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Currently its a good time to be buying. With the fed talking about raising interest rates it will bring down tech stocks Aswell as crypto. also works out well for the dudes in NFTs with ETH about 3100-3300 gas should be cheaper to do transactions with.
 

AnNvr

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I separated my mind from thinking in stocks, a more than 100 years old system, wher you can recognize ( about 3-4) 30 years cycles.
I m looking on cryptos, a more than 10 years old system, where you can recognize (about 3-4) 4 years cycles.
In 4 years we can meet again laughing about me, or not.

Sure I can read books about stocks and old stories, but I take more value from looking at charts and reading whitepapers and crypto businessˋ stories.

Edit: I did good in following the prediction regarding the last cycle.
A tool is this : https://stats.buybitcoinworldwide.com/cycle-repeat/
I never laughed at you, never mentioned stocks, nor I questioned cryptos (I am fully invested into it).

Surely narrative can repeat itself but forecasting a market up to 3/4 years with a plan is quiet bold, that's it.

Oh, and the book is not about stocks, but the psychological approach of an investor to any market, because at the end of the day. market is made out of people and their emotions. But I wish you the best if you think your strategy will work.
 
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SharpeningBlade

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20x on DOT from the current marketcap this year?? I want to have a bit of that good stuff you've been smoking too :p

I'm bullish on Dot though.

Haha I would definitely not expect it to 20x this year! Speaking just from a macro perspective based on market cap, super low-res estimation as a long term value play.

Everything about the project is just great, from the fact that they are building with Rust and Wasm, to the core philosophies they operate under.

Not to mention the fact that the founder of the project actually coined the term 'Web3' in 2014, a term which everyone is pretty fond of these days in the DeFi and NFT space. Coupled with the fact that the founder of Polkadot literally wrote the smart contracts engine for Ethereum.

One could argue that since he designed the smart contracts engine for Eth, Polkadot must suffer from all the problems as Eth. But no, I don't think this is the case. They are architecting it really well and have hit all their big milestones so far.
 
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Vasili27

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Haha I would definitely not expect it to 20x this year! Speaking just from a macro perspective based on market cap, super low-res estimation as a long term value play.

Everything about the project is just great, from the fact that they are building with Rust and Wasm, to the core philosophies they operate under.

Not to mention the fact that the founder of the project actually coined the term 'Web3' in 2014, a term which everyone is pretty fond of these days in the DeFi and NFT space. Coupled with the fact that the founder of Polkadot literally wrote the smart contracts engine for Ethereum.

One could argue that since he designed the smart contracts engine for Eth, Polkadot must suffer from all the problems as Eth. But no, I don't think this is the case. They are architecting it really well and have hit all their big milestones so far.
while this is true what you are saying, I thought polk was new generation designed to be made operational without the problems of ETH
 

Antifragile

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I’ve got itchy fingers!

Waiting for tomorrow, waiting for Wednesday’s CPI data to come out. Waiting and waiting… bear or dip? Done or more?

All of that is irrelevant. I’m learning like drinking from a firehose.
 
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LPPC

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I’ve got itchy fingers!

Waiting for tomorrow, waiting for Wednesday’s CPI data to come out. Waiting and waiting… bear or dip? Done or more?

All of that is irrelevant. I’m learning like drinking from a firehose.
So tomorrow (today) the CPI data will be released? Isn't it almost sure that inflation is high and thus it will pump once that's confirmed? That might mean that buying the dip now would be better than to wait?
 

Ing

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What are the most promising new crypto coins (not tokens)?
 

Antifragile

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Couldn't help myself, got more ETH
Totally opposite to what I said I'd do but at $3K I am accumulating. If I am wrong... well, I am already a long term HODLer. What's the diff? :)
 
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Each bitcoin is a computer file which stored in a digital wallet apps or on computer or on smartphone. The money you put into Bitcoin is not safe from value fluctuations. Bitcoin is a volatile investment. If you need safe investment then don't use the Bitcoin.

153 pages in and finally we get to the real stuff.

 

Antifragile

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153 pages in and finally we get to the real stuff.

You have to love the newly landed members sharing their profound wisdom!!!
 

SharpeningBlade

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The outlook for tokens largely depends on the outlook for the movement of the entire market. When the market falls and may continue to fall, then all prospects will be very limited.
If someone knew 100% that the coin would shoot it would have been sold out long ago

Exactly! Bitcoin did not gain the popularity because of chance. It has a solid use case as a back-up global reserve currency and has proven to be a highly liquid way to move money around almost instantly, providing a dramatic advancement to the global financial system. Most pump coins fail to have such a revolutionary and practical use case. Not to mention, Bitcoin is built off of ideas and tech that took decades to germinate. It is highly fermented.

There’s always the possibility that it is the greatest rug ever pulled off. But as time goes on, that seems less likely, especially considering its origins.

I’m bullish on crypto but I’m way more bullish on productocracy! Most web3 products at the moment are simply attempts at productocracy without mapping out the value skew attributes.
 
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Timmy C

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I pulled out of a lot of positions yesterday. I'm looking to re-enter the market tomorrow or Sunday depending on how BTC behaves. CT is full of bears and I think this is a good indication that we are nearing its end.

CT is a good indication to do the opposite.

This thread is the best LOL.

I know exactly when to up my dollar cost average.

This thread and CT are the best bottom signals.

Every.
Single.
Time.
 
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GPM

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This feels like May of last year to me
 

MoneyDoc

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This feels like May of last year to me
It's interestingly follow the same pattern... just remember, multiple wicks were seen at the lows that confirmed a bottom. We haven't seen that yet. See attached.

Regardless of May, bottoms are usually characterized by multiple wicks.

Big day for stocks tomorrow. Powell has a confirmation hearing at 10am. If you're trading crypto, make sure you're up early!
 

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MitchC

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I’ve been listening to Adam curry on joe rogan and wow it was a refreshing reminder of the importance of Bitcoin in the new world.

These other tokens are good and serve their various purposes and I’m mostly invested in them but Bitcoin is the one solving the biggest problem we have. Our banking system is F*cked.

I’m not ever selling my tokens for shitcoin fiat money. I think I might just turn into one of these dca sat stacking geeks and not even look at prices or my fiat equivalent balances
 
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It's interestingly follow the same pattern... just remember, multiple wicks were seen at the lows that confirmed a bottom. We haven't seen that yet. See attached.

Regardless of May, bottoms are usually characterized by multiple wicks.

Big day for stocks tomorrow. Powell has a confirmation hearing at 10am. If you're trading crypto, make sure you're up early!
Can you explain what we should be looking for that indicates buy or sell signal when hearing the confirmation?


Some quality hopium for us:
View: https://www.youtube.com/watch?v=7TL6ueRPcJ8&ab_channel=BITCOIN
 
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Timmy C

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I’ve been listening to Adam curry on joe rogan and wow it was a refreshing reminder of the importance of Bitcoin in the new world.

These other tokens are good and serve their various purposes and I’m mostly invested in them but Bitcoin is the one solving the biggest problem we have. Our banking system is f*cked.

I’m not ever selling my tokens for shitcoin fiat money. I think I might just turn into one of these dca sat stacking geeks and not even look at prices or my fiat equivalent balances


I am a stack SAT/GWEI geek.

Don't plan on selling them any time soon.

All of my other cryptos I see as legit close to gambling and have positioned the size of those as I see appropriate.

Fiat is done, we need better, we will have better.
 

Timmy C

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Can you explain what we should be looking for that indicates buy or sell signal when hearing the confirmation?


Some quality hopium for us:
View: https://www.youtube.com/watch?v=7TL6ueRPcJ8&ab_channel=BITCOIN


You buy when it skyrockets, you sell when it dumps.
Future fortune will be yours.


On a serious note, above all else, patience is what you need.
No trader makes any serious money, they are jokes.

Look at the richest in crypto.... all of them HODL for long periods of time.
Diamond hands.
 

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