IT BEGINS !!

Discussion in 'Digital Currencies' started by SilverSale, Dec 22, 2019.

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  1. dozerz

    dozerz Well-Known Member Silver Stacker

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    lots of comparisons to tulip maina, none of which have turned out to be true.
     
    dozerz, Nov 24, 2020
    #301
    mmm....shiney! likes this.
  2. tdtwedt

    tdtwedt Active Member Silver Stacker

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    tdtwedt, Nov 24, 2020
    #302
    66rounds likes this.
  3. heartastack

    heartastack Well-Known Member Silver Stacker

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    The hard part is deciding whether to buy the metals dip or chase the BTC dragon...
     
    heartastack, Nov 24, 2020
    #303
    metalzzz and mmm....shiney! like this.
  4. metalzzz

    metalzzz Well-Known Member

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    Slay the dragon, it’s time
     
    metalzzz, Nov 25, 2020
    #304
  5. metalzzz

    metalzzz Well-Known Member

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    I was looking at this yesterday and it makes no sense for it to decline. Not trending anywhere on social media or google search and institutions are buying more than the daily mined supply for at least the next two weeks. I don’t particularly trust google or Twitter with being genuine with trending subjects (especially with BTC). Dorsey could hold off a lot of new buying by suppressing trends likewise with google.
     
    metalzzz, Nov 25, 2020
    #305
    mmm....shiney! likes this.
  6. dozerz

    dozerz Well-Known Member Silver Stacker

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    the volumes are huge, not just in btc but alts now also, coupled with the amount of eth locked in the 2.0 contract the whole crypto space is bullish.
     
    dozerz, Nov 26, 2020
    #306
    mmm....shiney! and metalzzz like this.
  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    mmm....shiney!, Nov 26, 2020
    #307
  8. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    Open interest in gold and bitcoin contracts is suggestive of money that might have gone to gold instead going to bitcoin.

    Personally seeing the value of my crypto recently flipping greater than my metals suggests the same: crypto taking metal's market share.
     
    nicotineandcaffeine, Nov 29, 2020
    #308
  9. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I haven't had a bigger laugh in the two years I've been on the forum. Thanks for making my Sunday morning!
     
    66rounds, Nov 29, 2020
    #309
  10. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    You're welcome.

    I can't say I'm as confident in metals as I once was. Normally this is the week I would buy but the opportunity cost of holding metals is too high.
     
    nicotineandcaffeine, Nov 29, 2020
    #310
    66rounds likes this.
  11. 66rounds

    66rounds Well-Known Member Silver Stacker

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    It's all about diversification. If your entire portfolio is physical metals then you've just tied yourself to a literal boat anchor. If you're looking for safe harbour, there's no lost opportunity in metals.
     
    66rounds, Nov 29, 2020
    #311
  12. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    Are metals really a safe harbour? This type of asset inflation is usually followed by deflation.
     
    nicotineandcaffeine, Nov 29, 2020
    #312
  13. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Will btc cross 20k tonight? I'll be dreaming of what happy dance I will do.
     
    JohnnyBravo300, Dec 1, 2020
    #313
  14. 66rounds

    66rounds Well-Known Member Silver Stacker

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    You got skin in the game?
     
    66rounds, Dec 1, 2020
    #314
  15. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    It's looking like it wants to. If not tonite, then this week.

    I have been asking myself the same question about how I will mark the occasion but it's more about what substance to abuse than what dance....but I won't rule out the possibility I will break out into some kind of spontaneous jig :)
     
    BuggedOut, Dec 1, 2020
    #315
  16. dozerz

    dozerz Well-Known Member Silver Stacker

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    abuse all the substances! the real question is what will you save for 30k?
     
    dozerz, Dec 1, 2020
    #316
  17. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    All of it, hopefully. If it breaks 20K it's unlikely to immediately reverse. More likely it will take the broken resistance at 20K as an uber-bullish signal and shoot straight up to 22K.

    What I am looking for is the 2021 equivalent of crypto-kitties. That was my signal of obvious market mania in late 2017....but at the moment we barely even hear a peep out of the MSM about BTC so it seems like it's possibly still mid-cycle to me.
     
    BuggedOut, Dec 1, 2020
    #317
  18. dozerz

    dozerz Well-Known Member Silver Stacker

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    the defi food craze of sushi and pickle wasnt enough for you?
     
    dozerz, Dec 1, 2020
    #318
  19. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Nope. It's a sideshow that I don't believe has really fed into the BTC rally. Most alt-coins are still way down on the previous peak and if DeFi was going to be the driver of the next mania cycle then I'd expect the ETH price to be leading the charge, not BTC
     
    BuggedOut, Dec 1, 2020
    #319
  20. dozerz

    dozerz Well-Known Member Silver Stacker

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    er eth is actually the stand out, has doubled btc in this years gains and with eth2.0 around the corner will only continue.
     
    dozerz, Dec 1, 2020
    #320
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