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

HOT TOPIC Bitcoin / Cryptocurrency Discussion (And Predictions)

Accelerate wealth. Build a business that pays freedom. Join more than 70,000 entrepreneurs and register for the Fastlane Entrepreneur forum. Remove ads? Join the INSIDERS.

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
2,252
4,899
1,153
Melbourne, Australia
Have been 75% ETH / 25% BTC the past few weeks, which has been insanely good to me. My trailing stop on ETH got hit today, so I'm out for the moment. Will see take a step back to see if there are still some legs on this ETH run or if it's going to pull back and consolidate for awhile.

BTC has been chopping sideways for awhile now; I'm interested to see if people start rolling their ETH and alt coin profits back into it.
The King will rise again.
It will leave everything in it's dust.
 

Frinys

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Oct 28, 2019
95
264
162
I suspect you can't imagine that because you lack imagination and perspective. ETH to 5k is more reasonable for your mind to wrap around because you're likely betting for a pullback so you can get in at a discount, not because there's any fundamental reason or market dynamics to suggest it.

FOMO causes all kinds of hallucinations.

People are barely catching on to the fact that ETH = money and that it's supply is deflationary. It still hasn't sunk in for most people that ETH = pristine collateral in a digital economy. For some people, it has clicked. And there's a trail of where the smart money is going.

But you're reading Yahoo finance and Apple news to decide whether it's a good bet or not.

See you at ETH = 40k
Lack of imagination and perspective? FOMO Hallucinations? What makes you so sure that $40K is more correct than $5K or $2K? Your arguments are just as easily applied the other way.

"I suspect you only imagine that because you lack perspective. ETH to 40k is more reasonable for your mind to wrap around because you're likely betting for a meltup since you've gone all in, not because there's any fundamental reason or market dynamics to suggest it."

See, I just flipped your argument. This is just jibberish that's unusable for any price predictions. It's just empty arguments that can be applied either way.
 

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
2,252
4,899
1,153
Melbourne, Australia
Lack of imagination and perspective? FOMO Hallucinations? What makes you so sure that $40K is more correct than $5K or $2K? Your arguments are just as easily applied the other way.

"I suspect you only imagine that because you lack perspective. ETH to 40k is more reasonable for your mind to wrap around because you're likely betting for a meltup since you've gone all in, not because there's any fundamental reason or market dynamics to suggest it."

See, I just flipped your argument. This is just jibberish that's unusable for any price predictions. It's just empty arguments that can be applied either way.
Alot of hopium right there.
I see zero chance of that happening myself.
Zero chance this year, zero chance for the next few years.
 

PeterBoss

Contributor
I've Read UNSCRIPTED
Aug 17, 2020
28
55
18
London
Have been 75% ETH / 25% BTC the past few weeks, which has been insanely good to me. My trailing stop on ETH got hit today, so I'm out for the moment. Will see take a step back to see if there are still some legs on this ETH run or if it's going to pull back and consolidate for awhile.

BTC has been chopping sideways for awhile now; I'm interested to see if people start rolling their ETH and alt coin profits back into it.

Possible, I think the 42K area looks promising if you want to add/re-add.
Unsure if ETH will offer any pullbacks, hard to attempt a reentry if out.
DOGE +13%....
 

AceVentures

Gold Contributor
FASTLANE INSIDER
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Apr 16, 2019
357
1,193
354
What makes you so sure that $40K is more correct than $5K or $2K? Your arguments are just as easily applied the other way.

I didn't actually lay out a price point - it was Volodya that brought up both the 40k target as well as his own 5k ceiling.

And yes I said what I said to Volodya because he had DM'd me asking me whether he should buy ETH and if it's a good investment. So I know he wants to participate, so I deduced that his 5k ceiling is not based on any fundamental reason other than his desire to get in at a discount.

Sure you could try to apply the argument the other way. But I've laid out my models for why ETH is undervalued even at these prices. It's all in this thread. I've gone over the issuance mechanisms, gone over DeFi at length, gone over ETH's price as a function of revenue, I've gone over all the macroeconomic factors that point to ETH, and I've tried at every instance to have an intelligent discussion around ETH. I've even laid out possible ranges for prices based on revenue as well as demand.

Nobody has challenged any of the things that I've laid out about ETH. You're free to disagree with my assessment and argue why 5k or 2k is more reasonable than a higher number, I'm all ears.

If I didn't know what I know today, I would have also assumed more conservative estimates because my human brain simply can't imagine how exponential curves manifest in practice.

"I suspect you only imagine that because you lack perspective. ETH to 40k is more reasonable for your mind to wrap around because you're likely betting for a meltup since you've gone all in, not because there's any fundamental reason or market dynamics to suggest it."

But there are fundamental reasons and market dynamic to suggest a melt-up. I've laid them out in this thread. I'm not hoping for a meltup because I've gone all in - I've gone all in because there's no other asset that I'd rather own.

See, I just flipped your argument. This is just jibberish that's unusable for any price predictions. It's just empty arguments that can be applied either way.

Empty arguments? I've laid out solid arguments as to why ETH could melt faces. What have you said to refute any of it? What logic or reason have you deployed to suggest ETH won't melt faces?

Or are you just getting technical with the semantics of what I said and how I said it?
 

Antifragile

Silver Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Mar 15, 2018
305
563
250
Vancouver, BC, Canada
@AceVentures

I've said it before and I'll repeat - if you started a newsletter on Crypto, I'd be the first to sign up. You are digging up a lot and investing enough time to be considered a reputable source of info (my opinion is based on your posts in this thread). Thanks for your detailed posts and please keep sharing your vision!

Yes, I lack imagination for crypto because I don't do the research you do. My view is limited by my own ignorance. But @Frinys is right in that no one knows the value of ETH. The fact that you are "all in" as you put it, means you are biased - you likely seek out info that confirms your position (confirmation bias). This means that your imagination is abundant about crypto but may be too abundant. And if you disagree, consider this: the worst bias we humans have is thinking we aren't biased. Ask yourself, when was the last time you read an article and analyzed a position opposite to your views on crypto/ETH? Your response to my post on $5K ceiling was telling. You jumped at it.

My opinion of value of $5k is based on far, far less research than yours, which is why I value you posts. There was a lot of talk on "sell in May" and if ETH hit $5k this month, it would have been an awesome bull run. I don't want to confuse bull market for brains.

I hope I am wrong about the $5k ceiling and that you are right about your "see you at $40K" even if that happens in the next few years, next cycle. My participation in Crypto is only with f-u money, so nothing in my life depends on it's success (or failure). I do it because I want to learn more, because I love the technology and the opportunities it'll bring. It's like being back in 1995 trying to predict Twitter! Anyone else remember the dial up and the brick cell phones? I can't wait to see blockchain in 10-20 years do the same. Exciting times we live in!
 

AceVentures

Gold Contributor
FASTLANE INSIDER
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Apr 16, 2019
357
1,193
354
I've said it before and I'll repeat - if you started a newsletter on Crypto, I'd be the first to sign up. You are digging up a lot and investing enough time to be considered a reputable source of info (my opinion is based on your posts in this thread). Thanks for your detailed posts and please keep sharing your vision!
I appreciate your enthusiasm - you're awesome to talk to.

Yes, I lack imagination for crypto because I don't do the research you do. My view is limited by my own ignorance.

Dude I'm really sorry, I didn't mean to call you out in that way - I can see how it's hurtful and it was absolutely not my intention to hurt your feelings.

The fact that you are "all in" as you put it, means you are biased - you likely seek out info that confirms your position (confirmation bias). This means that your imagination is abundant about crypto but may be too abundant. And if you disagree, consider this: the worst bias we humans have is thinking we aren't biased. Ask yourself, when was the last time you read an article and analyzed a position opposite to your views on crypto/ETH? Your response to my post on $5K ceiling was telling. You jumped at it.

I jumped at it because I'm constantly looking for contrarian views, not the other way around. I literally spent the time yesterday to read through the PDF you shared by Coastal. I even typed up a response but decided to delete it because I didn't think it would be helpful - but essentially I visited every argument he made in that document and called BS on every single one. Why? Because I'm biased? No because I've adopted enough perspective to look at the point he's making and note his ignorance. For those that didn't read it, the dude is FUDing bitcoin over the age old concerns around fraud and power consumption. There is rigorous research to disprove these notions but they're still spread abound.

I'm fully aware of the risk I'm exposed to, both financially as well as being exposed to biased thinking. That's why I counter trade myself and look for the not so obvious answers (case in point: I think ETH at 40k is totally possible and is coming sooner than later. This is NOT the popular belief today) Contrary to what you may think, I'm not in my own echo-chamber and I'm constantly having discussions with people that share the opposite view - I do this so I can have a better overall perspective.

If you only knew the number of friends I talk to about crypto that got burnt by the 2017-2018 crash, who have such severe PTSD they don't even want to utter the words crypto.

My previous post literally calls for discussion with people that share the opposite view.
 
Last edited:

Antifragile

Silver Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Mar 15, 2018
305
563
250
Vancouver, BC, Canada
@AceVentures
I appreciate your kind response.

Glad to hear you read that Coast Capital paper and that you are seeking a debate on the opposite views. I too spent time reading and re-reading that paper. The problem is that all of these arguments have been made by comedians like Bill Maher a few weeks back. And they were well addressed here:


Like you, I don't see the validity to the Coast Capital points but am looking for a balanced discussion on both sides.
 
Last edited:

GPM

Platinum Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Oct 25, 2012
1,007
4,179
1,015
Canada
Anyone has a hardware wallet? I own close to 6k in crypto, so i am thinking about getting one.
Ledger Nano S and X.

I have never tried any other hard wallets like the trezor. Paper wallets were a pain in the a$$. Although there are a ton of phone and computer program wallets which make things easier now so I am not sure about all that.

Moving from old school paper wallets to a Ledger was 100x easier. I love my ledger. My ledger loves me. She sleeps under my pillow and rubs my head at night. My wife gets mad, she will never understand.
 

Bones81

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jul 29, 2019
57
125
129
I bought back into ETH today but with a smaller position (50% of portfolio rather than 75%). So sitting 50% in ETH, 25% BTC, and 25% cash.

I've been watching the TTM Squeeze indicator on the CME BTC futures daily chart. Volatility has really come in, so potentially we could have a breakout soon. Of course, we'll have to see which direction it is, but if it's to the upside, I'll look to add to my BTC position.
 
D

Deleted78083

Guest
Thoughts on internet computer? It has a lot of smart people working for it but kinda looks like an ethereum copy cat. Its valuation is enormous for how recent it is as well.
 

AceVentures

Gold Contributor
FASTLANE INSIDER
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Apr 16, 2019
357
1,193
354
Thoughts on internet computer? It has a lot of smart people working for it but kinda looks like an ethereum copy cat. Its valuation is enormous for how recent it is as well.

I'll tell how how I see it from a macro-perspective: money-hungry VC's recreating the wheel.

What's ultimately valuable is legitimacy.
  • Legitimacy by brute force: someone convinces everyone that they are powerful enough to impose their will and resisting them will be very hard. This drives most people to submit because each person expects that everyone else will be too scared to resist as well.
  • Legitimacy by continuity: if something was legitimate at time T, it is by default legitimate at time T+1.
  • Legitimacy by fairness: something can become legitimate because it satisfies an intuitive notion of fairness.
  • Legitimacy by process: if a process is legitimate, the outputs of that process gain legitimacy (eg. laws passed by democracies are sometimes described in this way).
  • Legitimacy by performance: if the outputs of a process lead to results that satisfy people, then that process can gain legitimacy (eg. successful dictatorships are sometimes described in this way).
  • Legitimacy by participation: if people participate in choosing an outcome, they are more likely to consider it legitimate. This is similar to fairness, but not quite: it rests on a psychological desire to be consistent with your previous actions.
My thoughts on ICP from this framework of thinking? It lacks legitimacy on many fronts. Doesn't mean you can't make money with this thing. Just putting my Fundamentals Hat on to evaluate some of these variables.

Let's see if it gains legitimacy over time - but for now it looks like a joke at a 150B FDV.

Why should it be valuable? Because marketers dressed this thing up for months and released during bull market. Watch their genesis launch video if you want to get a perspective for what kind of people run this organization - they're fluff and disingenuous. It should in theory be worth 150B because it produces value to it's network of users to that tune, not because the story currently sells for 150B.

Last note - Concentration in ownership is a disadvantage in this form of governance because the incentives are not aligned for those with less tokens. VCs are incentivized to dump for ROI, they're not incentivized to govern protocol development - that one comes from participation and problem-solving. The more decentralized a network is in it's ownership, the more likelihood for network growth.
 
D

Deleted78083

Guest
I'll tell how how I see it from a macro-perspective: money-hungry VC's recreating the wheel.

What's ultimately valuable is legitimacy.
  • Legitimacy by brute force: someone convinces everyone that they are powerful enough to impose their will and resisting them will be very hard. This drives most people to submit because each person expects that everyone else will be too scared to resist as well.
  • Legitimacy by continuity: if something was legitimate at time T, it is by default legitimate at time T+1.
  • Legitimacy by fairness: something can become legitimate because it satisfies an intuitive notion of fairness.
  • Legitimacy by process: if a process is legitimate, the outputs of that process gain legitimacy (eg. laws passed by democracies are sometimes described in this way).
  • Legitimacy by performance: if the outputs of a process lead to results that satisfy people, then that process can gain legitimacy (eg. successful dictatorships are sometimes described in this way).
  • Legitimacy by participation: if people participate in choosing an outcome, they are more likely to consider it legitimate. This is similar to fairness, but not quite: it rests on a psychological desire to be consistent with your previous actions.
My thoughts on ICP from this framework of thinking? It lacks legitimacy on many fronts. Doesn't mean you can't make money with this thing. Just putting my Fundamentals Hat on to evaluate some of these variables.

Let's see if it gains legitimacy over time - but for now it looks like a joke at a 150B FDV.

Why should it be valuable? Because marketers dressed this thing up for months and released during bull market. Watch their genesis launch video if you want to get a perspective for what kind of people run this organization - they're fluff and disingenuous. It should in theory be worth 150B because it produces value to it's network of users to that tune, not because the story currently sells for 150B.

Last note - Concentration in ownership is a disadvantage in this form of governance because the incentives are not aligned for those with less tokens. VCs are incentivized to dump for ROI, they're not incentivized to govern protocol development - that one comes from participation and problem-solving. The more decentralized a network is in it's ownership, the more likelihood for network growth.
It's backed by Andreessen Horowitz, so it's difficult to believe that they are in it for anything else but money.
 

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
2,252
4,899
1,153
Melbourne, Australia

Timmy C

I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
2,252
4,899
1,153
Melbourne, Australia
We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease, our bank instrument can be engage in PPP Trading, Discounting, signature project (s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer or get involved in chauffeur driven offers.



DESCRIPTION OF INSTRUMENTS:



1. Instrument: Bank Guarantee (BG/SBLC) (Appendix A)

2. Total Face Value: Euro 5M MIN and Euro 10B MAX (Ten Billion USD).

3. Issuing Bank: HSBC Bank London, Credit Suisse and Deutsche Bank Frankfurt.

4. Age: One Year, One Month

5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.

6. Delivery: Bank to Bank swift.

7. Payment: MT-103 or MT760

8. Hard Copy: Bonded Courier within 7 banking days.



We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me directly.



Email:aaronjbrakefield@fortunefinanciers.com

aaronjohnbrakefield492@gmail.com



Tel: +1 415-226-9004

WhatsApp:+1 415-226-9004



Regards,



Mr. Aaron John Brakefield
GTFO

Someone ban this loser.
 

Xeon

All Cars Kneel Before Pagani.
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Sep 3, 2017
1,588
3,283
776
Singapore
Elon Musk has demonstrated today why crypto in its current form cannot replace fiat. No single person alone should have the power to drive the move of a "currency" that is suppose to be an alternative to fiat.
 

Antifragile

Silver Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Mar 15, 2018
305
563
250
Vancouver, BC, Canada
Elon Musk's current power level is staggering.

With a simple click he could move billions and billions of dollars in one direction or another.

Love him or hate him, you must pay attention to him.
I don’t love him.

Hodl
 
Last edited:

Sponsored Offers

  • Sticky
MARKETPLACE NEW: The Best School for Going Fastlane (Now open for summer enrollment)
Along with this I also worked on creating a Web Design book last year to help people starting...
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
Any update? Hey bud! When I can squeeze out the time to work, it's been going pretty well...
MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
Hi Fox. Starting the book and got through the introduction. Had a conversation with Andy Black...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Chris is super sharp and is aware of many facets of entrepreneurship and can help get your...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
This month's promo code is MINDCONTROL Those who are subscribed to my new Youtube channel will...
  • Sticky
MARKETPLACE Entrepreneur's Toolbox: Company Formation, Virtual Mailbox, Registered Agent, Remote Online Notary
Appreciating the transparency and lack of hidden fees. The website is very up-front and user...
Introducing MJ's Personal Unscripted Network, Join Now for FREE!
Any chance to make it available outside of US? It has been available outside of the US on...

Forum Sponsor

Learn Fastlane Business Skills & Get Profitable Within 30 Days...

Get Started Now

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom