HOT TOPIC Bitcoin / Cryptocurrency Discussion (And Predictions)

[Kevin88660]

US Central Bank Explains 'Preconditions' for a Digital Dollar - CoinDesk

In a Wednesday FEDS Notes, Fed officials laid out the pros and cons of a U.S. central bank digital currency (CBDC), or digital dollar.

www.coindesk.com

I would speculate to be a different use case. More of emulation than competition.

If I am in South America or Africa where hyperinflation and expensive cross border payment is an issue , my best option previously was cryptocurrency of choice. Now I rather hold digital dollar. The local government cannot impose capital control on it.

If I am a cryptocurrency speculator living in developed countries (this is where the big market is) I still hold busd or usdt for use as they are accepted as medium of exchange in speculation. I will invest in non-stable coins for appreciation. stable coins like busd and usdt have value because they facilitate the speculation of non-stable coins. Digital dollars have no special value proposition here.

Digital dollars are still fiat and need to be handled by a fiat gateway in the crypto-space.

 

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[JamesQB8]

Don't sleep on the eth memes

https://twitter.com/i/web/status/1364207094614749184

View: https://twitter.com/sassal0x/status/1364207094614749184?s=19

https://twitter.com/i/web/status/1364808321065132032

View: https://twitter.com/bigmagicdao/status/1364808321065132032?s=19

 

[Frinys]

Anyone here looking at Stacks? My understanding is it makes BTC like ETH. Some people I follow are making a lot of noise about it right now.

View: https://www.youtube.com/watch?v=uSk8t4D2q3w

Yep. I find their Proof-of-Transaction (PoX) security inheriting protocol very interesting.

I definitely think that security inheriting protocols are the future for most blockchains. Only the biggest chains can be secured with Proof of Work. Therefore, it makes much more sense to inherit the biggest chain's (Bitcoin's) security than to compete with it.

10 years from now, the lesser blockchains will have these two choices:

1. Use a security inheriting consensus protocol as the primary consensus mechanism, like Stack's Proof-of-Transaction, and its predecessor Proof-of-Burn.
2. Use PoW, PoS, or PoXYZ as the primary consensus mechanism, and use a secondary consensus protocol to inherit Bitcoin's security like VeriBlock's Proof-of-Proof or the Omni Layer does.

Security inheriting cryptos, like Stacks and VeriBlock, are highly undervalued.

 

[Timmy C]

Yep. I find their Proof-of-Transaction (PoX) security inheriting protocol very interesting.

I definitely think that security inheriting protocols are the future for most blockchains. Only the biggest chains can be secured with Proof of Work. Therefore, it makes much more sense to inherit the biggest chain's (Bitcoin's) security than to compete with it.

10 years from now, the lesser blockchains will have these two choices:

1. Use a security inheriting consensus protocol as the primary consensus mechanism, like Stack's Proof-of-Transaction, and its predecessor Proof-of-Burn.
2. Use PoW, PoS, or PoXYZ as the primary consensus mechanism, and use a secondary consensus protocol to inherit Bitcoin's security like VeriBlock's Proof-of-Proof or the Omni Layer does.

Security inheriting cryptos, like Stacks and VeriBlock, are highly undervalued.

Won't be surprised to see STX in the top 10 once it gets more exchange liquidity.

 

[Timmy C]

Tether lawsuit is settled.

The lesson here is to never sell your bitcoin.

 

[Timmy C]

Moon common let's go.

 

[Kasimir]

Moon common let's go.

I couldn't be more ready. Let's go!!!

 

[James Fake]

FEAR. Everybody is fear locked. Fear paralysis. Waiting.... until it feels better. (aka missing the entry and buying in at a point that gets retested multiple times aka strong shake out points)..

The time to buy is now. The Fear is at maximum level.

The last thing most people are going to do today is:... Buy Stocks and Buy Bitcoin. It's the absolute last thing they will do today.

When the market pumps out 15%; guess what headlines you'll see? Cathie Woods bought more Tesla, ROKU, etc. again. SQ and Microstrategy and Greyscale bought $Bs of more Bitcoin.

By the time you hear this; you missed the ideal entry because you were fear-locked.

"Buy when others are fearful" = Easy to say. Extremely hard to do. Extremely. This is what makes the top 1% better than the rest of the field; their mental strength. The ability to disconnect emotions to outcomes, and whatever is necessary to get to the Finish Line the fastest, the best.

If any DD is done on bond rates, etc.; then you'll know why Bitcoin is at discount right now with a huge market fundamental confirmation.

 

[mguerra]

FEAR. Everybody is fear locked. Fear paralysis. Waiting.... until it feels better. (aka missing the entry and buying in at a point that gets retested multiple times aka strong shake out points)..

The time to buy is now. The Fear is at maximum level.

The last thing most people are going to do today is:... Buy Stocks and Buy Bitcoin. It's the absolute last thing they will do today.

When the market pumps out 15%; guess what headlines you'll see? Cathie Woods bought more Tesla, ROKU, etc. again. SQ and Microstrategy and Greyscale bought $Bs of more Bitcoin.

By the time you hear this; you missed the ideal entry because you were fear-locked.

"Buy when others are fearful" = Easy to say. Extremely hard to do. Extremely. This is what makes the top 1% better than the rest of the field; their mental strength. The ability to disconnect emotions to outcomes, and whatever is necessary to get to the Finish Line the fastest, the best.

If any DD is done on bond rates, etc.; then you'll know why Bitcoin is at discount right now with a huge market fundamental confirmation.

Do you think we're going upwards from here or we'll retest 40k this weekend?

I had one of the worst nights of my life being leveraged while this dump occured last night. Almost shitted myself, lol

Hopefully this is over and we'll not even visit 44k anymore...

 

[nitrousflame]

Do you think we're going upwards from here or we'll retest 40k this weekend?

I know you didn't ask me, but I think it would be very wise to expect/plan for at least one or more big pullback in the range of 30%+ before we put the cycle top in. It may not be now, and it may not be $40k, but it's certainly within the cards and something you should be prepared for, in my opinion.

 

[EvanOkanagan]

Not sure if the USA has anything like this, but an ETF just launched in Canada to utilize registered funds. I just invested a bunch of TFSA money buying the Purpose Bitcoin ETF.

 

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[MoneyDoc]

Not sure if the USA has anything like this, but an ETF just launched in Canada to utilize registered funds. I just invested a bunch of TFSA money buying the Purpose Bitcoin ETF.

View attachment 36969

BTCC.B?​

 

[EvanOkanagan]

BTCC.B?​

Yessir

 

[mguerra]

I know you didn't ask me, but I think it would be very wise to expect/plan for at least one or more big pullback in the range of 30%+ before we put the cycle top in. It may not be now, and it may not be $40k, but it's certainly within the cards and something you should be prepared for, in my opinion.

Thanks for your answer brother. I didn't asked directly to you but it's really welcome and appreciated.

As of the correction, it's all pointing to 40k levels - really. I realized it's not worth the risk to go through weekend leveraged in this current conditions.

Thanks for wisening and saving my a$$.

 

[nitrousflame]

Thanks for your answer brother. I didn't asked directly to you but it's really welcome and appreciated.

As of the correction, it's all pointing to 40k levels - really. I realized it's not worth the risk to go through weekend leveraged in this current conditions.

Thanks for wisening and saving my a$$.

Now that you did this, it will almost certainly skip $40k and go straight up from here instead.

 

[mguerra]

Now that you did this, it will almost certainly skip $40k and go straight up from here instead.

That's exactly what's happening, lol.

 

[EVMaso]

Not sure if the USA has anything like this, but an ETF just launched in Canada to utilize registered funds. I just invested a bunch of TFSA money buying the Purpose Bitcoin ETF.

BTCC.B?​

I considered getting some of that, but decided to just buy more actual BTC. However, the launch of a BTC ETF (I think another one got up and running as well) only bodes well for BTC as a whole, as making it easier for people to "get in" on the action just helps it gain mainstream acceptance.

 

[Timmy C]

FEAR. Everybody is fear locked. Fear paralysis. Waiting.... until it feels better. (aka missing the entry and buying in at a point that gets retested multiple times aka strong shake out points)..

The time to buy is now. The Fear is at maximum level.

The last thing most people are going to do today is:... Buy Stocks and Buy Bitcoin. It's the absolute last thing they will do today.

When the market pumps out 15%; guess what headlines you'll see? Cathie Woods bought more Tesla, ROKU, etc. again. SQ and Microstrategy and Greyscale bought $Bs of more Bitcoin.

By the time you hear this; you missed the ideal entry because you were fear-locked.

"Buy when others are fearful" = Easy to say. Extremely hard to do. Extremely. This is what makes the top 1% better than the rest of the field; their mental strength. The ability to disconnect emotions to outcomes, and whatever is necessary to get to the Finish Line the fastest, the best.

If any DD is done on bond rates, etc.; then you'll know why Bitcoin is at discount right now with a huge market fundamental confirmation.

I already bought.

 

[Zimbizee]

Cardano

Thoughts?

 

[Timmy C]

Cardano

Thoughts?

Yeh, it's a hedge against Ethereum.

I don't hold any.

 

[Kasimir]

I'm still stunned that we are at a point where governments aren't fighting against cryptocurrencies anymore. In some countries like Switzerland they even accept it as a payment tool for your taxes. And we are normally the last country to make such an innovative move. That took out my last fear, now I can't imagine we don't see a 200k+ bitcoin someday. The only question is when.
I'm finally all in, in crypto, my stock portfolio is down to only the most important stocks. I really believe that we could have an amazing march in Bitcoin.

 

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[Timmy C]

We have people in this thread going "all in"

Asking if buying coins that have gone up 2000% + are a good buy.

My friends asking how to buy and setting up accounts in exchanges.

Market cycle top is close.

 

[mguerra]

We have people in this thread going "all in"

Asking if buying coins that have gone up 2000% + are a good buy.

My friends asking how to buy and setting up accounts in exchanges.

Market cycle top is close.

Yes. Last week only 3 random people started conversations with me about BTC - out of the blue.

One of them was a Uber driver that asked If I knew about and invested in bitcoin. He invested in traditional stocks and was thinking about investing in BTC.

Seems like "dumb" money is really flying in crypto by now...

 

[MitchC]

We have people in this thread going "all in"

Asking if buying coins that have gone up 2000% + are a good buy.

My friends asking how to buy and setting up accounts in exchanges.

Market cycle top is close.

theres not another richest man in the world who tweets about buying billions worth of stock to boost it higher this time.

If you look at the graph of the last boom it pretty much looks like this one and goes down from here.

In saying that though I don’t think we are at the top, I think it’s only going to go higher from now on, maybe I’m the dumb money that’s entered the market. I did buy stacks off your little mention in that post

 

[Frinys]

Cardano

Thoughts?

Massively overpriced. People focus too much on Ethereum's high fees and buy Cardano as a hedge against it.

Yet they forget that Ethereum's fees are because people are willing to pay those fees. Ethereum has a lot of use cases, and people are willing to pay high fees for those. It proves that it is useful.

Cardano has barely implemented smart contracts, but its market cap is close to Ethereum's. That does not make sense at all.

 

[Kevin88660]

FEAR. Everybody is fear locked. Fear paralysis. Waiting.... until it feels better. (aka missing the entry and buying in at a point that gets retested multiple times aka strong shake out points)..

The time to buy is now. The Fear is at maximum level.

The last thing most people are going to do today is:... Buy Stocks and Buy Bitcoin. It's the absolute last thing they will do today.

When the market pumps out 15%; guess what headlines you'll see? Cathie Woods bought more Tesla, ROKU, etc. again. SQ and Microstrategy and Greyscale bought $Bs of more Bitcoin.

By the time you hear this; you missed the ideal entry because you were fear-locked.

"Buy when others are fearful" = Easy to say. Extremely hard to do. Extremely. This is what makes the top 1% better than the rest of the field; their mental strength. The ability to disconnect emotions to outcomes, and whatever is necessary to get to the Finish Line the fastest, the best.

If any DD is done on bond rates, etc.; then you'll know why Bitcoin is at discount right now with a huge market fundamental confirmation.

Definitely a bull market retracement trade opportunity. Even if you believe that this is the top. It is not going to bottom in one straight line. There will be plenty of zigzag up and down.

Buy as pull back trade to sell later-yes. But definitely not a buy and hold for me.

If stock market correction continues btc might lose another 20 percent. Alt coins will
be nuked.

I am holding btc now. If recovery happens it will be first to shoot. If there is a crash I will just convert the btc for alt. Lose 20 percent but there will be a 3-4x return in 2 months.

 

[TinyTim]

FEAR. Everybody is fear locked. Fear paralysis. Waiting.... until it feels better. (aka missing the entry and buying in at a point that gets retested multiple times aka strong shake out points)..

The time to buy is now. The Fear is at maximum level.

The last thing most people are going to do today is:... Buy Stocks and Buy Bitcoin. It's the absolute last thing they will do today.

When the market pumps out 15%; guess what headlines you'll see? Cathie Woods bought more Tesla, ROKU, etc. again. SQ and Microstrategy and Greyscale bought $Bs of more Bitcoin.

By the time you hear this; you missed the ideal entry because you were fear-locked.

"Buy when others are fearful" = Easy to say. Extremely hard to do. Extremely. This is what makes the top 1% better than the rest of the field; their mental strength. The ability to disconnect emotions to outcomes, and whatever is necessary to get to the Finish Line the fastest, the best.

If any DD is done on bond rates, etc.; then you'll know why Bitcoin is at discount right now with a huge market fundamental confirmation.

Personally, I haven't seen any fear.

Whenever I see charts suggesting to be careful becaue BTC may fall a few more %, all the comments are calling the poster a clown and telling them to "stay poor", etc.. My friend even asked for some trading advice and was interested in one coin in particular - Dogecoin.

I think the "buy when others are scared" applied when BTC tanked to 3-4k last year. I've been in crypto quite a few years now, and even I was very worried.

 

[Timmy C]

Personally, I haven't seen any fear.

Whenever I see charts suggesting to be careful becaue BTC may fall a few more %, all the comments are calling the poster a clown and telling them to "stay poor", etc.. My friend even asked for some trading advice and was interested in one coin in particular - Dogecoin.

I think the "buy when others are scared" applied when BTC tanked to 3-4k last year. I've been in crypto quite a few years now, and even I was very worried.

I remember being disappointed at the time but not fearful.

The bear market numbed me.

I feel nothing now.

Completely numb.

 

[Kevin88660]

Personally, I haven't seen any fear.

Whenever I see charts suggesting to be careful becaue BTC may fall a few more %, all the comments are calling the poster a clown and telling them to "stay poor", etc.. My friend even asked for some trading advice and was interested in one coin in particular - Dogecoin.

I think the "buy when others are scared" applied when BTC tanked to 3-4k last year. I've been in crypto quite a few years now, and even I was very worried.

Yes it is funny that I have a friend asking me about dogecoin too.

But I think crypto follows a mean reversion pattern most of the time. Even if you believe that 60k was the top and we are entering the beginning of a bear market. The price has to go up first before it comes down.

 

[csalvato]

I am not sure that any previous models or price histories or comparisons to other assets apply now.

The typical signs of a “top” for a security or asset are the same signs you’d expect to see in the mass adoption of a new technology.

I believe this may be mass adoption, not simply a set of top signals.

It would suck to have liquidated positions just as we cross the chasm into the early majority.

Time will tell, though.