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Bitcoin / Cryptocurrency Discussion (And Predictions)

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Anything related to bitcoin, crypto, blockchain

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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LPPC

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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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Antifragile

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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.
 

LPPC

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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.
Aren't the pro investors/traders listening and following such news to know whether they should buy? You can time your buys and sells regardless whether you are long term investor or trader.
 
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Timmy C

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Aren't the pro investors/traders listening and following such news to know whether they should buy? You can time your buys and sells regardless whether you are long term investor or trader.

LOL.

Pro traders/Investors are the ones making the news that the plebs decide to buy and sell on.
 

LPPC

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LOL.

Pro traders/Investors are the ones making the news that the plebs decide to buy and sell on.
Pro traders are the ones making the news? You mean for example Will Clemente is influencing the FED, media and the narrative?

Sounds weird..

And I think the notion of diamond hands is the easy way of investing crypto and sort of like a cultish thing. Will make you lots of money over the long term, but selling high and buying in lower enables you to accumulate more (if you can do that).

Sounds so stupid and sheep-like, diamond hands lol. Sure, you go ahead and hold bitcoin when it goes parabolic from 40k to 200k in a short time frame and hold it all the way down to 40k again xD
 
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Timmy C

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Pro traders are the ones making the news? You mean for example Will Clemente is influencing the FED, media and the narrative?

Sounds weird..

And I think the notion of diamond hands is the easy way of investing crypto and sort of like a cultish thing. Will make you lots of money over the long term, but selling high and buying in lower enables you to accumulate more (if you can do that).

Sounds so stupid and sheep-like, diamond hands lol. Sure, you go ahead and hold bitcoin when it goes parabolic from 40k to 200k in a short time frame and hold it all the way down to 40k again xD

Cool man, I donno who Will Mccockdoodle is, I ain't American.

By all means, be the Wolf you animal non-sheep red pill bro, time that shit exactly.

Here is my strategy below:

ball.PNG

You got it all figured out, go hard son.

In all seriousness, just invest how you want to do it.
No one is stopping you.
Whatever you find success in.
 
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LPPC

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Cool man, I donno who Will Mccockdoodle is, I ain't American.

By all means, be the Wolf you animal non-sheep red pill bro, time that shit exactly.

Here is my strategy below:

View attachment 41512

You got it all figured out, go hard son.
I'm not talking about timing it exactly. You dca in and you dca out. Do you seriously think that if BTC goes parabolic because every bloke and his mom and dad starts investing, then its wise to stay all in? Do you know how all previous cycles went? Do you think crypto will go up forever without any major crash?

Lay off the hopium pipe my friend.

I am going all in on crypto abd strongly believe in it (BTC for the most), there is a small risk, so I'm not arguing whether long term it will go up. I'm talking about accumulating more.
 

Timmy C

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I'm not talking about timing it exactly. You dca in and you dca out. Do you seriously think that if BTC goes parabolic because every bloke and his mom and dad starts investing, then its wise to stay all in? Do you know how all previous cycles went? Do you think crypto will go up forever without any mayor crash?

Lay off the hopium pipe my friend.

I am going all in on crypto, there is a small risk, so im not talking about the long term. I'm talking about accumulating more.

My hopium pipe is as follows, I smoke it a lot:

Coins go up alot
I make money

Yeh a crash will happen, it always does (just did I guess), but it doesn't matter.

I am done DCA out until end of 2022 to be honest now.
I donno what else to do with my money, but cash doesn't seem wise.

I am in a comfy spot at the minute so I guess I don't give it much thought, I just think it will be higher a year from now.

Sure man, you DCA out, but at some point.... why do more?
If you got nothing else to do with the cashola just leave it.
 

LPPC

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My hopium pipe is as follows, I smoke it a lot:

Coins go up alot
I make money

Yeh a crash will happen, it always does (just did I guess), but it doesn't matter.

I am done DCA out until end of 2022 to be honest now.
I donno what else to do with my money, but cash doesn't seem wise.

I am in a comfy spot at the minute so I guess I don't give it much thought, I just think it will be higher a year from now.

Sure man, you DCA out, but at some point.... why do more?
If you got nothing else to do with the cashola just leave it.
I smoke it a lot hahahah that's funny

Hodling is definitely a strategy and maybe one with the least stress, if you can stomach the bear.

To each his own. For me if an investment goes 2 or 3x, I take the principal out and try to buy in lower. Long term trading the cycles.

Best of luck my friend.
 
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pat9000

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Time in the market is better than timing the market.

I was listening to a podcast with Elon Musk the other day and he 100% was yoloing into Tesla and then SpaceX. If you truly believe in a project or technology - Buy and hodl time.

Warren Buffett famously stated that "diversification is protection against ignorance. It makes little sense if you know what you are doing."

Mr. Buffett also yoloed into GEICO and a lot of investments.

Putting 5% of a port into BTC is funny because it's not simply an investment - it's a movement to participate in. Build a btc node, maybe a mining rig. Anything to be a part of it instead of just letting the Feds print more dollars while we just sit and watch.

I had these boomers telling me that it's just magic internet money that can be deleted. I couldn't even begin to explain how I have several mining rigs completing transactions and securing the network inside of my house...haha.
 

MTF

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I had these boomers telling me that it's just magic internet money that can be deleted. I couldn't even begin to explain how I have several mining rigs completing transactions and securing the network inside of my house...haha.

You have to run them 24/7, right? Does anything bad happens if you unplug? Do you get penalized for that? Is it worth it financially for you?
 

pat9000

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You have to run them 24/7, right? Does anything bad happens if you unplug? Do you get penalized for that? Is it worth it financially for you?

You can run it however you want. Full control over everything. It's like a datacenter or IT server closet in a way.

I can hop in my pc now and pause it/resume and no penalties. I'd just miss out on hashrate which == Bitcoin payments.

As soon as you turn it back on; making money again - like a sink faucet turning the water on/off.

As for financially worth it, it's a big chunk up front like any investment and you don't get returns on the basic materials. As for the graphics cards, they hold their value very well so you can easily liquidate and break near even at any time.

The recurring overhead is labor, and electricity.

I generally make profit margins of around 50% to 70% a month off my rigs depending on hash rate and BTC price because I don't sell my BTC. Each card take about a year to break even on considering everything is constant.
 
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MitchC

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You can run it however you want. Full control over everything. It's like a datacenter or IT server closet in a way.

I can hop in my pc now and pause it/resume and no penalties. I'd just miss out on hashrate which == Bitcoin payments.

As soon as you turn it back on; making money again - like a sink faucet turning the water on/off.

As for financially worth it, it's a big chunk up front like any investment and you don't get returns on the basic materials. As for the graphics cards, they hold their value very well so you can easily liquidate and break near even at any time.

The recurring overhead is labor, and electricity.

I generally make profit margins of around 50% to 70% a month off my rigs depending on hash rate and BTC price because I don't sell my BTC. Each card take about a year to break even on considering everything is constant.
So you’re mining eth? Or are you selling hashpower for Bitcoin? I thought you needed ASICS to mine Bitcoin
 

pat9000

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Selling hash on one rig, mining Ethhash on another. Setting up another to try T-Rex. My goal is to try multiple platforms for about 3 months and compare.

I want an ASIC but a lot of power consumption in those.
 

AnNvr

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Total crypto market cap exclude BTC and ETH looks in a firm uptrend since March '20.
Sentiment Index in extreme fear since a month ago.
Very curious to see the upcoming!
 

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Mainstream7

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Once people understand that DeFi is superior to any other asset class, everyone will flock to it. It's superior to gold, stocks and RE. This is the de facto asset class of the future.

BTC is like gold with dividends.
DeFi gives superior dividends than RE with arguably same weighted risks. Completely non-physical. No more tenant management.
DeFi are superior to stocks because stocks have many points of failure, namely dependent on product cash flows and product execution. But crypto like BTC have no such point of failure, they already stand for themselves. Fully complete with all it's innovations. One could say it's more timeless than stocks, because value, energy, money in itself is timeless. Stocks depend on the production value it creates.
DeFi cuts out the middleman aka banks, and basically is way more efficient than traditional banking.
 
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Antifragile

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I hear you. But also DeFi had major challenges in 2021…

I’m just diving deeper into this. Learning …
 

Codon

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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.
Time in the market is better than timing the market.

I was listening to a podcast with Elon Musk the other day and he 100% was yoloing into Tesla and then SpaceX. If you truly believe in a project or technology - Buy and hodl time.

Warren Buffett famously stated that "diversification is protection against ignorance. It makes little sense if you know what you are doing."

Mr. Buffett also yoloed into GEICO and a lot of investments.

Putting 5% of a port into BTC is funny because it's not simply an investment - it's a movement to participate in. Build a btc node, maybe a mining rig. Anything to be a part of it instead of just letting the Feds print more dollars while we just sit and watch.

I had these boomers telling me that it's just magic internet money that can be deleted. I couldn't even begin to explain how I have several mining rigs completing transactions and securing the network inside of my house...haha.
I think this is a very underrated message. High conviction in what you truly understand/believe is…. more riskier sure, but it will also create higher returns than just putting 5-10% in every project random anons shill on twitter.

However if you already have an amount for a comfortable life, being diversified is a better strategy because it becomes less about increasing wealth and more about preserving it.

That’s what I’ve noticed with the really big whales currently in crypto. They don’t think like the majority (1-6 months) but rather long term 3-6 years+.
 

Antifragile

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Wait for it. King be the king. BTC will rally again and soon.
 

AnNvr

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Price action is well below 100 EMA (-23%) and 200 EMA (-13.8%) with decreasing demand pressure and strong support at 40K. Whales dropped their bags multiple time the past months but the whole Twitter crypto community is bullish on BTC and is promoting the key level of 40-50k as a buy signal.
I might see a short-term retest of 50k and then a capitulation. Time will tell.

Disclaimer: I do not hold BTC
 
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Antifragile

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Nobody knows. Too many factors come into play, like the overall macro economy. But over the long term, I'm all in on crypto.

Hell, I'm even selling my whole business and then wait on the sidelines for a crypto winter where I will go all in.
Marco factors are huge. That’s for sure.
I know many people think that Crypro is somehow outside of the general factors in the economy. But it’s not true. The highs are higher but the lows… it’s still speculative.

That said, I’m in and contra to the fears kept buying. Maybe it’s a gamble… I’ll take the asymmetrical risk/reward now. :).
 

LPPC

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Marco factors are huge. That’s for sure.
I know many people think that Crypro is somehow outside of the general factors in the economy. But it’s not true. The highs are higher but the lows… it’s still speculative.

That said, I’m in and contra to the fears kept buying. Maybe it’s a gamble… I’ll take the asymmetrical risk/reward now. :).
I really don't know how much upside we have from here. Most of the gains have been made if you think about the fact that some major alts like matic have gone 100x since 2020.

We need a lot of money coming in to reach 100k for bitcoin. It's possible, but we would need big institutions.

What do you think?
 

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