The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

HOT TOPIC Bitcoin / Cryptocurrency Discussion (And Predictions)

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

Sethamus

Silver Contributor
FASTLANE INSIDER
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Sep 13, 2019
362
619
260
Northshore area, New Orleans
Blockchain tech has 3 things to tackle:

Decentralization
Speed
Security.

If Ethereum can achieve all of these things within the next few years, the total adressable market is enormous compared to what BTC can take away.

I'm very bullish Ethereum, but btc is still my biggest holding.


Some possibilities for Btc coming down the pipeline.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Bones81

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Jul 29, 2019
46
101
121
Well the trailing stop on my ETHE trade finally got hit today, had been in since 4/19. Disappointed to see it close but not going to complain about a 40% profit in just 2 weeks.

I'm entirely focused on crypto for the time being. The potential of some of these projects are just amazing.
 

GPM

Platinum Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Oct 25, 2012
863
3,672
885
Canada
Zero . Zero Sixx zero 8 four.
What number are you looking for? I remember back when this was 0.1 and I thought about swapping but never did. Lol, that would have been massive!!!

This time I think I will do a swap if it gets that high
 

GerTex

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Oct 18, 2012
25
37
118
Arlington, Texas
Back in 2014 I originally got into mining and ended up mining some DOGE for the fun of it. Then the wife and kids complained about the noise of the PC. And I shut things down after a month or so. UNFORTUNATELY I had all the money transferred to an exchange called Cryptsy instead of my own wallet. The exchange went belly up in 2017. What I had was only worth like $100 so I wasn't too worried about it. Or so I thought.

Just checked the original mining account and it still had 9000 DOGE in there. Then I made the mistake checking how much I had transferred to Crytpsy. Well, Cryptsy had over 330,000 DOGE coins there. FML.

There is no crying over spilled milk. But man.... What could I buy for roughly $230,000 right now? UGH

But at least I got 9000 DOGE left lol... so there is a nice surprise.
 

volodya

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Mar 15, 2018
111
137
133
Vancouver, BC, Canada
Back in 2014 I originally got into mining and ended up mining some DOGE for the fun of it. Then the wife and kids complained about the noise of the PC. And I shut things down after a month or so. UNFORTUNATELY I had all the money transferred to an exchange called Cryptsy instead of my own wallet. The exchange went belly up in 2017. What I had was only worth like $100 so I wasn't too worried about it. Or so I thought.

Just checked the original mining account and it still had 9000 DOGE in there. Then I made the mistake checking how much I had transferred to Crytpsy. Well, Cryptsy had over 330,000 DOGE coins there. FML.

There is no crying over spilled milk. But man.... What could I buy for roughly $230,000 right now? UGH

But at least I got 9000 DOGE left lol... so there is a nice surprise.
That’s hard to read. Sorry to hear. A warning sign to all, use your wallets. Always. thanks for sharing... as painful as it must have been.
 

GerTex

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Oct 18, 2012
25
37
118
Arlington, Texas
As painful as it is. My stomach is in knots. However, chalk it up as a very painful important lesson. Would I have traded it earlier if I still had it? etc etc etc. In the end, I can only spend my time and energy looking forward.

However, hope this helps someone. Sigh...
 

JamesQB8

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Mar 20, 2019
95
135
123
Back in 2014 I originally got into mining and ended up mining some DOGE for the fun of it. Then the wife and kids complained about the noise of the PC. And I shut things down after a month or so. UNFORTUNATELY I had all the money transferred to an exchange called Cryptsy instead of my own wallet. The exchange went belly up in 2017. What I had was only worth like $100 so I wasn't too worried about it. Or so I thought.

Just checked the original mining account and it still had 9000 DOGE in there. Then I made the mistake checking how much I had transferred to Crytpsy. Well, Cryptsy had over 330,000 DOGE coins there. FML.

There is no crying over spilled milk. But man.... What could I buy for roughly $230,000 right now? UGH

But at least I got 9000 DOGE left lol... so there is a nice surprise.
Bro that really sucks, but if anything this is an awesome reminder to always clear out your exchanges routinely, move it into a secure wallet or hardware wallet and make multiple copies of that seed phrase/private keys. You never know what coin might just do this again.


Also a question for someone more knowledgable than me please. If you have a seed phrase for an old wallet that's no longer active and you can't access the software. Will that seed phrase somehow show you your private keys? Or is it best to make a note of all your privates key for each individual coin as well? (Is that the extreme way to ensure full safety?). Need to educate myself more on everything right now.
 

nitrousflame

Silver Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Aug 7, 2012
361
660
296
35
Minneapolis, MN
F in the chat for @GerTex

I lost about 1 BTC to cryptsy myself. So it goes.


Also a question for someone more knowledgable than me please. If you have a seed phrase for an old wallet that's no longer active and you can't access the software. Will that seed phrase somehow show you your private keys? Or is it best to make a note of all your privates key for each individual coin as well? (Is that the extreme way to ensure full safety?). Need to educate myself more on everything right now.
The seed phrase should be all you need to generate the public/private key pair.
 

ElleMg

Pronounced like the Elle in excellent
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Aug 13, 2020
99
165
140
UK
A cryptographic dollar is scary as hell. Every transaction you ever make is recorded in a blockchain for review by authorities. Yeah no thanks. Even if you are in the top 1% of most diligent book keeping people out there, this is still scary.

That’s like biblical, cashless society, revelations shit. Mix that with vaccine passports… Even if it isn’t the mark of the beast, it’s certainly a mark of A beast.
THE mark of the beast is coming, at least in states and countries that allow it, so I don't doubt they'll get rid of cash soon. They only think of themselves, and every transaction being recorded helps them a lot more than cash.

ixbanmtdiin41.png
 

EvanOkanagan

Gold Contributor
FASTLANE INSIDER
Summit Attendee
Speedway Pass
Aug 2, 2013
529
2,058
571
THE mark of the beast is coming, at least in states and countries that allow it, so I don't doubt they'll get rid of cash soon. They only think of themselves, and every transaction being recorded helps them a lot more than cash.

View attachment 37886

I can see why his wife divorced him.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

MoneyDoc

Platinum Contributor
FASTLANE INSIDER
Speedway Pass
Jun 24, 2014
1,230
3,043
785
27
Man every group chat I'm in is talking about ETH, XRP, and DOGE. Lmfao. Uber drivers are giving other family members investment advice on which coins to invest in now. This is the problem that leads to claims like "crypto is a scam" after a major correction/crash. The average Joe is only buying because of a headline or because they see a coin up $400 in 1 day.

EDIT: Btw, I wasn't saying crypto is a scam or you guys are idiots. I was saying this is why the average Joe cries when they lose money on crypto.
 
Last edited:

volodya

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Mar 15, 2018
111
137
133
Vancouver, BC, Canada
Man every group chat I'm in is talking about ETH, XRP, and DOGE. Lmfao. Uber drivers are giving other family members investment advice on which coins to invest in now. This is the problem that leads to claims like "crypto is a scam" after a major correction/crash. The average Joe is only buying because of a headline or because they see a coin up $400 in 1 day.
Makes sense, I take my financial advice exclusively from Uber drivers.
 

GPM

Platinum Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Oct 25, 2012
863
3,672
885
Canada
Uber drivers and barbers.... is this the start of the end of this run? How much time do we have left I wonder. One month? Two?

Google trends for bitcoin is still super low. For how much I see it posted online in various places I find this surprising.
 

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
1,891
3,934
878
Melbourne, Australia
Uber drivers and barbers.... is this the start of the end of this run? How much time do we have left I wonder. One month? Two?

Google trends for bitcoin is still super low. For how much I see it posted online in various places I find this surprising.
Who knows mate.

I'm just going by the market moves as to whether I can spot a blow-off top coming close.

There is no doubt retail has arrived though.

I can't really spot euphoria or mania in the air at this stage.
 

MoneyDoc

Platinum Contributor
FASTLANE INSIDER
Speedway Pass
Jun 24, 2014
1,230
3,043
785
27
Who knows mate.

I'm just going by the market moves as to whether I can spot a blow-off top coming close.

There is no doubt retail has arrived though.

I can't really spot euphoria or mania in the air at this stage.
My cousin put $100k into ETH today from proceeds of his primary residence that he sold last month. He’s currently renting. Want to know the reason?

He saw an ad headline that said “ETH will reach $5000 in a matter of days”.

I wish the fu*k I was kidding.

$100k risk to make $15k in something you have no idea about? Lmfao.
 

Einfamilienhaus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Feb 8, 2019
187
369
182
I can't really spot euphoria or mania in the air at this stage.

What are for you personally the signs of euphoria depending on your experience in cryptocurrency?
 

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
1,891
3,934
878
Melbourne, Australia
What are for you personally the signs of euphoria depending on your experience in cryptocurrency?

100% moves daily on nearly everything.

Random garbage pumping regardless of fundamentals.

A coinmarketcap so full of green you feel like you can't lose.
 

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
1,891
3,934
878
Melbourne, Australia
What are for you personally the signs of euphoria depending on your experience in cryptocurrency?


It has to be experienced, this isn't it in my opinion.
Of course, it is possible this is a top.
But I have never been more confident that this isn't a bull market top.
Bitcoin is still in consolidation.
 

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
1,891
3,934
878
Melbourne, Australia
In my view, we have been consolidating as people who got in early have clearly taken some off the table, got back their initial investment at least.

All that selling pressure has been absorbed by all the new entrants.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
1,891
3,934
878
Melbourne, Australia
We are gearing up for a move higher, I have no doubt.
Bitcoin will shine soon enough, and alts will get destroyed.
Maybe not against the USD valuation but against their Bitcoin valuation.
Be patient and sit tight, that's what I am doing.
We are nothing close to the 2017 mania phase, nothing close to what I experienced then.
 

MoneyDoc

Platinum Contributor
FASTLANE INSIDER
Speedway Pass
Jun 24, 2014
1,230
3,043
785
27
We are gearing up for a move higher, I have no doubt.
Bitcoin will shine soon enough, and alts will get destroyed.
Maybe not against the USD valuation but against their Bitcoin valuation.
Be patient and sit tight, that's what I am doing.
We are nothing close to the 2017 mania phase, nothing close to what I experienced then.
Honestly, I think you’re right. 70% buying ETH and price is barely moving up today. Almost 50% selling Bitcoin and price is not dropping.

One thing I learned from my sports gambling days, follow the whales, i.e. those that control the line movements.
 

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
1,891
3,934
878
Melbourne, Australia
Honestly, I think you’re right. 70% buying ETH and price is barely moving up today. Almost 50% selling Bitcoin and price is not dropping.

One thing I learned from my sports gambling days, follow the whales, i.e. those that control the line movements.

For sure, there are tests to come make no mistake I think.
When bitcoin gets to 70, 80 k
We will be seeing $10,000 declines daily.
We will likely see this, and how you respond when this occurs is going to dictate how successful you will be.
 

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
1,891
3,934
878
Melbourne, Australia
Miners still accumulating, on-chain data still looks good. I see no reason to sell.
Now of course, after a huge run-up, sentiment has been elevated.
That's not surprising.
 

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
1,891
3,934
878
Melbourne, Australia
What number are you looking for? I remember back when this was 0.1 and I thought about swapping but never did. Lol, that would have been massive!!!

This time I think I will do a swap if it gets that high
It's not so much a number and more so that I except this to increase up until the very end of the bull market.


At times the BTC value with destroy it, but I fully expect ETH to outperform.
 

mguerra

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Mar 23, 2015
160
164
153
28
I agree with @Timmy C and believe that we're in consolidation phase due to "profit takers" and will see a huge pump in the next weeks.

I also tend to believe that, compared to 2017-18, this time the investing sequence will be different.

Institutions got earlier this time, and retail (late-dumb majority, uber driver/tik tok users) will arrive later with all the FOMO humanly possible, selling their cars/homes to jump in and get rekt in a not so distant future.

@James Fake I'm curious to know if your sentiments has changed from your last post. Do you still think we'll not see 77k on this run?

PS: one thing is for sure - my DCA process starts soon, no matter how crazily high we go.

The only way to get fcked is to get overly greedy now. And it's a really dumb decision considering the potential gains ETH will offer after the beark market bloodbath begin in the next months...
 
Last edited:

Fox

Legendary Contributor
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Forum Sponsor
Aug 19, 2015
2,828
19,940
3,756
Europe
I had to send my accountant my Crypto holdings today.

They are an old school Irish style operation (but very good at what they do).

When listing the coins and amounts it felt like "...I got 80 magic red beans, and 14 silver mystical coins, and oh 2,300 of these special blue tokens..." haha.

DUMB-and-DUMBER (1).png
 

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
1,891
3,934
878
Melbourne, Australia
Be flexible of course.
Be open to the idea of another drop before we move up. But nothing has changed as yet in my opinion.

Don't have a position you can't handle.

If you do, take some off the table, it will make it much easier emotionally on you, which is the hardest part.
 

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
1,891
3,934
878
Melbourne, Australia
I had to send my accountant my Crypto holdings today.

They are an old school Irish style operation (but very good at what they do).

When listing the coins and amounts it felt like "...I got 80 magic red beans, and 14 silver mystical coins, and oh 2,300 of these special blue tokens..." haha.

View attachment 37894
Hey boss!

Here's my return!

Accountant:
So that's one cumrocket token.... Wait what?

unknown.pngyes this is a coin.
 

Sponsored Offers

  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
@Fox It's same with me Did both quiz and application but as yet no automatic confirmation, just...
MARKETPLACE 7 Days To Freedom: From Wantrepreneur/Wage Slave To Freelancer
freelance is cool. but to own a business is like freedom. A newsletter I'm subscribed to gave...
Introducing MJ's Personal Unscripted Network, Join Now for FREE!
If you are in IDEA mode, text "IDEA" to the above number. If you are in LAUNCH/START mode, text...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
I have a long weekend off work.. bought your "Start a Freelance Business: Take Back Your...
MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
If there’s one thread I see repeated over and over again on the forum, it goes like this: “I...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Thanks for clearing that up. What do you recommend for those who are still in the process of...



Forum Sponsor

Over 100 Fastlane Students
More Details...

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom