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HOT TOPIC Bitcoin / Cryptocurrency Discussion (And Predictions)

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Fox

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Thanks, I’ll check that out and see how that works.
 

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AceVentures

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For the people in this thread that were asking for intel on DeFi:

Here's what you've been waiting for - an easy to digest comprehensive look at the DeFi stack.

Consume at your own risk - if your mind is blown and you decide to exchange all your depreciating assets for stablecoins to generate better yield, I take my hat off and congratulate you for joining the party on the winning side of the battle.

Do you only do deal with stocks? Cool, get rid of your broker and buy derivatives on decentralized applications. Own your own assets and fetch your own prices - trim that "management fee" fat off of your returns.

Do you believe in the sovereignty of the US and don't want to gamble with shitcoins or crypto you don't understand? Then exchange the dollars you have in your bank account that are generating 0.01% return or the CDs you've been stacking after listening to Tony Robbins for USDC (dollar pegged and regulated vault) and start putting them to work for you. The dollar is crashing, but you can hedge against inflation by letting the fast-evolving and liquidity-hungry crypto economy pay you with market-rate interest.

This time around, you don't have to give a shit about the price of BTC to participate in the crypto economy. You can use whatever asset you want. Keep your stocks. Keep your dollars. Just keep them under YOUR own control and start putting them to work in a trustless and verifiable way.
 

Kevin88660

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Lol, I think that you are underestimating the power of dumb money. If you remember back in 2017, people were literally getting second mortgages on their homes to buy bitcoin and bragging about it on twitter. It was all over the place. Think dude who dumps his life savings into something after it has gone parabolic and done a 3x in 3 days is going to stay in it? Nope, first sign of red and he sells at a massive loss and then cries about how much of a scam this is.

Google search interest for bitcoin and anything crypto related is at something like 30% today compared to what it was like at the last peak in 2017/18. Dumb money is not even close to there yet. Look what some reddit idiots did to Gamestop, just wait until those morons start literally dumping everything they have into bitcoin.

I was chatting with a successful businessman a couple of days ago about this. He works with local angel investors, and his group probably wields a significant portion of the wealth in Western Canada. This guy had no idea what Ethereum even was and only knew about bitcoin, and heard of Doge in passing. Older gentleman with a crap ton of money to swing and didn't know anything about any of this. Guys like him are all over the place. There is an insane amount of money NOT in the crypto space.
The retail money is busy playing ev stocks and probably not coming into this party, especially those who got burnt in 2017-18.

I think the people playing crypto today are a lot more savy. Rarely you see a shitty coin with no fundamental in the top list.

Even if you look at the recent fomo into doge, it is btc’s best competitor for currency/store of value, having the 2nd largest use base. The new comers in crypto actually do ask the experienced ones what coins to ape in before they buy.
 

James Fake

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God forbid if we get a red month after 6 months of higher prices.
The world is ending.
What do you notice on ALL blow-off tops?
None of them consolidated for up to 3 months, and it wasn't a slight move down, it was a straight 70% dump overnight.

For me; it's not if we're red. Or how long we're red.

For me; It's How we're red.

The sentiment feels 2017 toppy to me. It feels over-confident. It feels invincible. That matched with some price action and other technicals that I don't like and little tingles in the back of my mind start getting louder.

I'll sit back for a month or so and wait for certain oversold technical signals and jump back in to ride a big swing up for a Bear Market Rally (if Alt Season were to pop for finale, it would be here).. and then I'm OUT once I feel we reach the top of that.

Ironically; ALL the others I told about my gut feels and why I'm pulling out of everything and sitting back... they all laughed at me too. Basically told me I was an idiot in nice ways. This is... usually a good sign for me lol.


Out of curiosity, do you trade based on your predictions?

If so, how is your portfolio doing compared to just holding?

Yes, my actions match my words. My portfolio is okay. =)
 
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AceVentures

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When the mechanics under the hood are abstracted into a BUY NOW button that links your bank to a DeFi lending protocol for 20% fixed APY they will come.

View: https://twitter.com/Dharma_HQ/status/1384603495198642180


Oh that idea, yea I guess it's already here now. Landscape taking shape at lightning speeds.

When all your money lives on and is secured by ETH, feel free to visit neighboring chains.

Just be careful yall don't start farming crack on BSC now - just because something is called SAFEMOON doesn't mean it's safe and that it will moon mkay?
 

volodya

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Guys..... we're getting close. And by "close".. I think many knows what that means lol.

The weekly ascending triangle broke down and did a fake breakout. The price action was a big warning shot that matches the sentiment that I've been sitting and waiting and waiting and waiting for.... and its here.

Its a shame that we may not see $70k... let alone $100k, but..... it feels about right. In December 2017; around $17k, everybody was screaming $25k easy. Seems most folks including me was shouting $70-77k and well

$19k divided by $25k = 76%

$64k divided by $75-78k = 70-80%ish range.

What a ride it was.

I am not sure what "close" means, could you elaborate?
 

AceVentures

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I had totally underestimated TikTok + children + crypto. They're more tech savvy than their parents. And shit spreads like wildfire on the TikToks. Imagine all of the eyes of all of the children that are becoming aware of crypto - and how quickly they can educate themselves about it online. The boomer won't need to know how all this works, his kids will beg for his CC so they can buy a token in their favorite game.

Watch this trend really pick up when new NFT token standards allow for even more data and cross-platform integration.

Imagine a giant like EPIC running as the game engine + VR + crypto --> you have metaverse servers!

Fashion, gaming, education, finance, music, film, and more - can all come together and benefit from cross-breeding with one another across this metaverse fabric. It's a foundation for custom digital global economies.

*btw I'm referring to all of the memecoins popping off on TikTok.
 

Ocean Man

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I had totally underestimated TikTok + children + crypto. They're more tech savvy than their parents. And shit spreads like wildfire on the TikToks. Imagine all of the eyes of all of the children that are becoming aware of crypto - and how quickly they can educate themselves about it online. The boomer won't need to know how all this works, his kids will beg for his CC so they can buy a token in their favorite game.

Watch this trend really pick up when new NFT token standards allow for even more data and cross-platform integration.

Imagine a giant like EPIC running as the game engine + VR + crypto --> you have metaverse servers!

Fashion, gaming, education, finance, music, film, and more - can all come together and benefit from cross-breeding with one another across this metaverse fabric. It's a foundation for custom digital global economies.

*btw I'm referring to all of the memecoins popping off on TikTok.
The future's going to be crazy! Gotta figure out how I can make an impact.
 

Ing

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All cryptos follow Bitcoin.
Bitcons amount is cut in half to reduce inflation every so e years.
After or while that the course of Bitcoin raises slowly in a few months.
When folks realize Bitcoin rising, many other cryptons follow very fast with maybe no real reason.
Bitcoin was x5 over 6-7 months,
Nearly all followed at the end of these months within 1-2 months. But they all rose x 10 -x100.
So what I do, is waiting 2 years after all are quite down again and than invest in different Cryptos. And wait for the next raise.

Maybe I observed wrong, but atleast I have a better plan than buying after all are up at x10 !
 

Ocean Man

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Just came in!
 

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Ocean Man

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Palms are sweaty, quadruple checking my recovery password haha. Finally got my crypto off of coinbase!
 

volodya

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Palms are sweaty, quadruple checking my recovery password haha. Finally got my crypto off of coinbase!
Just post your 24 words here, I'll remind you if you ever forget! :)
 

Ocean Man

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Just post your 24 words here, I'll remind you if you ever forget! :)
Thanks for looking out for me! Appreciate it :)
lawsuit swallow news cradle word direct flower minimum farm gap wish know copy world mainstream doge welcome gme point moon major grape seat post. In that exact order! /s
 

Timmy C

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Oh i was talking about your shiba buy. A friend of mine talked to me about ir just joking. It has gone up 100% since he mentioned it lol
Ps I do think this tech (Btc, Eth and Iota) will change life on this planet, maybe even for centuries to come.


Sorry mate was a long night and didn't even realize what I wrote haha.
So I originally bought it in 2017, but sold it long ago.
So, not something that I have purchased recently.
 

Timmy C

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For the people in this thread that were asking for intel on DeFi:

Here's what you've been waiting for - an easy to digest comprehensive look at the DeFi stack.

Consume at your own risk - if your mind is blown and you decide to exchange all your depreciating assets for stablecoins to generate better yield, I take my hat off and congratulate you for joining the party on the winning side of the battle.

Do you only do deal with stocks? Cool, get rid of your broker and buy derivatives on decentralized applications. Own your own assets and fetch your own prices - trim that "management fee" fat off of your returns.

Do you believe in the sovereignty of the US and don't want to gamble with shitcoins or crypto you don't understand? Then exchange the dollars you have in your bank account that are generating 0.01% return or the CDs you've been stacking after listening to Tony Robbins for USDC (dollar pegged and regulated vault) and start putting them to work for you. The dollar is crashing, but you can hedge against inflation by letting the fast-evolving and liquidity-hungry crypto economy pay you with market-rate interest.

This time around, you don't have to give a shit about the price of BTC to participate in the crypto economy. You can use whatever asset you want. Keep your stocks. Keep your dollars. Just keep them under YOUR own control and start putting them to work in a trustless and verifiable way.
It is a game-changer.

1/4 of my emergency fund is sitting in stablecoins earning interest.
Interest that a bank will never pay.
 

PeterBoss

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The only issue is (for most people) getting their hands in BTC if they are not able to buy it. Current complexity means that an individual won't be able to mine it. Using your Lira in anything other than cash or alternative payment solutions could potentially be traced.
You can work around it, of course, but for most people it will be a tall order.
Regardless of this particular case, I would argue its always a good idea to purchase as anonymously as possible.
 

mr4ffe

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The very fact that you are willing to make definitive predictions into 2040 means you know nothing about forecasting.
In the late 80's, cypherpunks predicted cryptocurrency would be the next big thing. Here we are, 40 years later...

I am sure Monero will surpass Bitcoin this decade, I just added on another decade to my prediction in case something unexpected happens (like quantum computing becoming widely adopted, which essentially will break encryption) or that it simply takes longer than anticipated for widespread adoption.

Monero isn't only developed by some of the sharpest mathematicians and software engineers in the world; it's the go-to cryptocurrency on the deep web. It's also the ideal currency for journalists, whistle-blowers, activists, lawyers, criminals, and so forth. The IRS offers $625k for anyone who manages to trace Monero transactions.

Monero has since four years back been accepted by mainstream artists like G-Eazy, Mariah Carry, Slayer, Motörhead, Fallout Boy, and Sia, in their merch shops. Yes, they chose Monero over Bitcoin, and they even offer discounts for those who pay in Monero.

Check out cybsec researchers' websites and their currency of choice for donations! It's Monero in the majority of cases.

As governments all around the world are growing more Fahrenheit-esque, people are taking steps to bypass big brother's owl eyes. Some countries now require photo ID for citizens to access certain restricted websites, and the EU are working on a great firewall. All disguised as "anti-fake-news measures". Many governments are also trying to criminalize non-backdoored encryption services. It's sick. Once it gets bad enough (let's hope it doesn't get to that point), Monero will be the only choice left.
 

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volodya

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In the late 80's, cypherpunks predicted cryptocurrency would be the next big thing. Here we are, 40 years later...

I am sure Monero will surpass Bitcoin this decade, I just added on another decade to my prediction in case something unexpected happens (like quantum computing becoming widely adopted, which essentially will break encryption) or that it simply takes longer than anticipated for widespread adoption.

Monero isn't only developed by some of the sharpest mathematicians and software engineers in the world; it's the go-to cryptocurrency on the deep web. It's also the ideal currency for journalists, whistle-blowers, activists, lawyers, criminals, and so forth. The IRS offers $625k for anyone who manages to trace Monero transactions.

Monero has since four years back been accepted by mainstream artists like G-Eazy, Mariah Carry, Slayer, Motörhead, Fallout Boy, and Sia, in their merch shops. Yes, they chose Monero over Bitcoin, and they even offer discounts for those who pay in Monero.

Check out cybsec researchers' websites and their currency of choice for donations! It's Monero in the majority of cases.

As governments all around the world are growing more Fahrenheit-esque, people are taking steps to bypass big brother's owl eyes. Some countries now require photo ID for citizens to access certain restricted websites, and the EU are working on a great firewall. All disguised as "anti-fake-news measures". Many governments are also trying to criminalize non-backdoored encryption services. It's sick. Once it gets bad enough (let's hope it doesn't get to that point), Monero will be the only choice left.
Thank you for taking the time to explain your reasoning.
 

AceVentures

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In the late 80's, cypherpunks predicted cryptocurrency would be the next big thing. Here we are, 40 years later...

I am sure Monero will surpass Bitcoin this decade, I just added on another decade to my prediction in case something unexpected happens (like quantum computing becoming widely adopted, which essentially will break encryption) or that it simply takes longer than anticipated for widespread adoption.

Monero isn't only developed by some of the sharpest mathematicians and software engineers in the world; it's the go-to cryptocurrency on the deep web. It's also the ideal currency for journalists, whistle-blowers, activists, lawyers, criminals, and so forth. The IRS offers $625k for anyone who manages to trace Monero transactions.

Monero has since four years back been accepted by mainstream artists like G-Eazy, Mariah Carry, Slayer, Motörhead, Fallout Boy, and Sia, in their merch shops. Yes, they chose Monero over Bitcoin, and they even offer discounts for those who pay in Monero.

Check out cybsec researchers' websites and their currency of choice for donations! It's Monero in the majority of cases.

As governments all around the world are growing more Fahrenheit-esque, people are taking steps to bypass big brother's owl eyes. Some countries now require photo ID for citizens to access certain restricted websites, and the EU are working on a great firewall. All disguised as "anti-fake-news measures". Many governments are also trying to criminalize non-backdoored encryption services. It's sick. Once it gets bad enough (let's hope it doesn't get to that point), Monero will be the only choice left.

1619013284529.png

1619013307966.png
 

AceVentures

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You can deal with privacy at the protocol level. I mean look at that chart, Tornado Cash alone is eating 3x the size of Monero's lunch.
 

Matt Sun

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You can deal with privacy at the protocol level. I mean look at that chart, Tornado Cash alone is eating 3x the size of Monero's lunch.
You could send $10.000.000 in XMR , fast, anywhere in the world in minutes, and pay about $0.50 fee. + privacy that's value.
 

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