What's new

Bitcoin / Cryptocurrency Discussion (And Predictions)

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Join Today
Download Books
No Ads? Join Insiders
Forum membership removes this block.
Ing said:
the bottom will be reached in Oktober or November 2022. from December 2023 the crypto mc and courses will go up, until the hype of 2025.
2026 will be the year of the crying, as as goes down again.
Click to expand...
Might as well give us specific months and days. Or even hours and minutes to buy and sell.

There is no way to predict such events.
The market can do whatever it wants. It doesn't care about any chart or theory.
 
www.cnn.com

Bill Gates says crypto and NFTs are a sham

Don't count Bill Gates among the fans of cryptocurrencies and NFTs.
www.cnn.com www.cnn.com

"Those digital asset trends are “100% based on greater fool theory,” the Microsoft co-founder said Tuesday at a TechCrunch conference"

I think this is the first time I've ever seen Bill weigh in. (But he did previously according to the article)
 
Last edited:
EmotionEngine said:
www.cnn.com

Bill Gates says crypto and NFTs are a sham

Don't count Bill Gates among the fans of cryptocurrencies and NFTs.
www.cnn.com www.cnn.com

"Those digital asset trends are “100% based on greater fool theory,” the Microsoft co-founder said Tuesday at a TechCrunch conference"

I think this is the first time I've ever seen Bill weigh in. (But he did previously according to the article)
Click to expand...
I don't trust a word out of that man's mouth. What I do know is that he likes farmland, and keeping people dependant.
 
GPM said:
I don't buy crypto and hold it, I buy equipment and mine it. So short term this is a serious blow. Long term, if I can sort everything out and play my cards right, this will be a good thing.
Click to expand...

And if there ever was a good time to buy equipment to grow your business, it's got to be when there is blood in the streets! Now is the time to scale.

That assumes that you are not listening to Bill Gates or other old timers who think they know everything.
 
Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
EmotionEngine said:
I wonder if Michael Saylor will actually sell below 21k! The Apostle of Bitcoin is holding hard to his faith as it crumbles.
Click to expand...
He doesn't care about the USD price of this asset.
For him it's business as usual.
 
  • Haha
Reactions: MTF
heavy_industry said:
Might as well give us specific months and days. Or even hours and minutes to buy and sell.

There is no way to predict such events.
The market can do whatever it wants. It doesn't care about any chart or theory.
Click to expand...

heavy_industry said:
Might as well give us specific months and days. Or even hours and minutes to buy and sell.

There is no way to predict such events.
The market can do whatever it wants. It doesn't care about any chart or theory.
Click to expand...
Sure!
I predict you, that ETH is about 1284 USD on 19.6.2022!
The hours and minutes you must figure out yourself.
Lil joker!
 
Last edited:
heavy_industry said:
Might as well give us specific months and days. Or even hours and minutes to buy and sell.

There is no way to predict such events.
The market can do whatever it wants. It doesn't care about any chart or theory.
Click to expand...
Btw. If you d care about cryptos daily, you d know, that opening of either s&p500 or the asian markets on Sunday (EU) or similar things have a direct influence on BTC chart.( and altcoins, which most likely follow BTC.
 
Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Hottest topic now is about Three Arrow Capital going bust.

They are holding positions using ETH as collateral in aave.

But in crypto you need to do “overcollateralisation”. You need to deposit 120 dollar worth of eth to borrow 100 dollar worth of fiat. Pretty much like borrowing against your fully paid house.

So you can get a margin call really quickly. Rumors that SuZhu will have to liquidate hundred million dollar worth of position if ETH falls below 1045.

I am sure he can smooth things a little further since he is the early investor of many defi protocol abd he can communicate directly with founders to be more lenient on the liquidation level.

But if other whales want him dead to get the eth on fire sale. They would dump harder on the market at critical levels.
 
Ing said:
regardin cryptos? fine; the stable coins do well and the market does what was exspected.
Click to expand...
The stablecoins will do well?

Really? Like man...

They have been depegging like no tomorrow.

I suggest not holding ANY stablecoins just hold cash?

Or you can risk all of your money.

You can recover from an 80% drop. You can't recover from a rug.
 
Timmy C said:
The stablecoins will do well?

Really? Like man...

They have been depegging like no tomorrow.

I suggest not holding ANY stablecoins just hold cash?

Or you can risk all of your money.

You can recover from an 80% drop. You can't recover from a rug.
Click to expand...
TX for the reminder. Fiat is better by now, though BUSD are quite safe imo. But we thought with others, too.
 
Ing said:
TX for the reminder. Fiat is better by now, though BUSD are quite safe imo. But we thought with others, too.
Click to expand...
None of them are remotely safe.
Don't use them.
 
Antifragile said:
And if there ever was a good time to buy equipment to grow your business, it's got to be when there is blood in the streets! Now is the time to scale.

That assumes that you are not listening to Bill Gates or other old timers who think they know everything.
Click to expand...
With blood in the streets are you buying BTC now? Waiting for real estate crash etc?
 
Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
  • Like
Reactions: GPM
Goodfella999 said:
With blood in the streets are you buying BTC now? Waiting for real estate crash etc?
Click to expand...

99.9% of my wealth is from RE.

Crypto is still a huge gamble that I seem to get wrong more than right. So my financial advice to you is - don't follow me in crypto lol. My comment above was a general one. If you believe in blockchain, are mining ETH or whatever, and wanted to scale it - the best time to do is when the equipment is cheap (blood in the streets).

That said, I am also not buying BTC at the moment. Mostly because the only cash I was willing to invest in crypto was windfall from good RE deals that I never saw coming. Money that I felt were just a lucky win. Some call it "easy money". And lately I haven't had any of those. But I do believe in BTC long term (right or wrong) and would buy more.

At the moment, my focus is looking for good RE deals in the next 6 months, I expect cash-buy opportunities.
 
Antifragile said:
99.9% of my wealth is from RE.

Crypto is still a huge gamble that I seem to get wrong more than right. So my financial advice to you is - don't follow me in crypto lol. My comment above was a general one. If you believe in blockchain, are mining ETH or whatever, and wanted to scale it - the best time to do is when the equipment is cheap (blood in the streets).

That said, I am also not buying BTC at the moment. Mostly because the only cash I was willing to invest in crypto was windfall from good RE deals that I never saw coming. Money that I felt were just a lucky win. Some call it "easy money". And lately I haven't had any of those. But I do believe in BTC long term (right or wrong) and would buy more.

At the moment, my focus is looking for good RE deals in the next 6 months, I expect cash-buy opportunities.
Click to expand...
Any fear in RE in Canada that you see with these drops combined with inflation? Vancouver pricing is mental.
 
GPM said:
Any fear in RE in Canada that you see with these drops combined with inflation? Vancouver pricing is mental.
Click to expand...

Probably the wrong thread for this, but hell... minor detour from BTC talk might be welcome.

**What was driving the crazy RE prices in BC and Vancouver?**
- Low interest rates
- Rising immigration
- increased savings by some Canadians during the pandemic
- desires for more living space because of changes in ways of working (making a living)

Federal Gov increased immigration significantly. And Canada has the lowest number of housing units per 1,000 residents of any G7 country. And this number has been falling since 2016.

What about supply? Even if municipalities found a way to process and approve applications faster... labour shortages are still a problem. There isn't a clear way yet to build to the demand. Could co-living arrangements solve this? Like single family rentals?

**Where are we heading next?**
How do I decide? Ask the following questions:
  • Economy: Vibrant or Sluggish? I say sluggish.
  • Outlook: Positive or Negative? I say negative.
  • Lenders: Eager or Reticent? I say patient.
  • Capital markets: Loose or Tight? I say tight.
  • Capital: Plentiful or Scarce? Still plentiful...

It sure feels like a correction in the making today! It might not show immediately but even undersupplied housing can and does correct. We are post pandemic, meaning people are out spending money again (savings are down), inflation is up, interest rates are higher and will be even higher. Many of the immigrants will come with little to no money (if they come from Ukraine).

CRE take longer to reflect reality because typically it is income based and long leases do not change, neither take-out loans with fixed interest.

**Conclusion? ...**

Hmm...
 
  • Like
Reactions: GPM
Timmy C said:
Never thought I would see bitcoin below 20k again.

Eth in triple digits either.

Good opportunity.
Click to expand...

Not if goes to 9k. I stress everyone to take caution when trying to time this bottom. It could be more of trying to catch falling knives. No one knows... Heck, its already 184 away from being in the 18k realm as of my writing.

If Michael Saylor dumps it will be even lower, I'm sure a margin call is real likely for him now.
 
Last edited:
You must log in or register to reply here.

Navigation Shortcuts

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Fastlane Resources

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom