IT BEGINS !!
- Thread starter SilverSale
- Start date
nicotineandcaffeine
Active Member
Gov thing is BS obviously.
Interesting test tomorrow of hodlers. Futures open at 9am? with a massive gap to close. The fundies in BTC are at 100% and will want to sell and save their principal investments. Saylor can get MSTRs $500m back and still hold $1 billion BTC at basically zero risk.
Uh our factory manager puts the btc chart up at our weekly team meeting (which obviously has nothing to do with markets - we’re in the food industry). Mania inbound. Doesn’t mean we’re near the end though..
Last thing they want is volatility. Volatility is bad, doesn't install confidence in long term investors.
I'll ride it for all it's worth. The trend is up.
Thought I'd say thanks for that post @BiGs. I woke that morning to the news of XRP's lawsuit on this site and sold my bag for ETH on the back of your view that the 10% drop was mild in the light of the news. Cheers, I owe you a beer or 3.
This forum has been highly educational for me over the past decade.
BTC 5% down... SELL.....SELL....SELL!!!
Goldmiester
Active Member
BTC has started dropping. I liked it better when it kept rising and rising. Price predictions?
nicotineandcaffeine
Active Member
ETH will dump too at the end of January
It's BTC 2017 reengineered. Technical infighting and Rube Goldberg solutions, uselessly high fees, the "institutions are coming to buy" when CME lists ETH, yada yada
The game always was Bitcoin. so make sure you always measure your gains and losses in BTC and not USD
Goldmiester
Active Member
In your opinion will we see a bounce back after the recent dip?
Wtf it’s hardly even a dip lol most were expecting 30% drop before next leg but won’t do that from here by the look of it
Goldmiester
Active Member
It was the single biggest crash in BTC history. Bitcoin has never previously lost more than $4,000 in the space of a few hours.
nicotineandcaffeine
Active Member
As a percentage its hardly a blip. Look at BTC price on a log chart.
My current thinking (subject to change if events change) is BTC will go sideways in January. ETH will pump until people start front selling the futures market. Altcoins will be very volatile e.g. sometime in the next week I expect to sell about $70K of LINK for BTC and most of the ETH back to BTC probably mid January. Exact timing depends on TA charts but I'm fundamentally a fundamental trader.
Goldmiester
Active Member
My holdings are still majority BTC at this time, with a small amount of ETH. Are you expecting BTC to pump again end of Jan / beginning of Feb?
Jason1
Well-Known Member
Im starting to think everything will go stupid this year, for some sort of crazy rush on everything.
Almost like a spending spree on what ever people can grab, be it gold, silver, Stocks bitcoin, housing all that.
I would have thought things would have slowed down as it would make a tonne of sense that it should have, But Im just gauging consumer confidence right now which seems like its in astronomical levels.
Allot of market guys are saying they believe this will be a crazy year of record breaking everything market related, but think it will all catchup and a hangover will be late 2021 early 2022 and then covid financial problems will be left exposed.
So i think this is a year you ride it, make your money and get off the train towards the end of the year. this shit wont last forever. Big guys always cash in when they are ahead and when they think they can no longer milk something, when big guys cash in the small guy loses.
make money but have an exit strategy.
Get back on the train when things settle
Almost like a spending spree on what ever people can grab, be it gold, silver, Stocks bitcoin, housing all that.
I would have thought things would have slowed down as it would make a tonne of sense that it should have, But Im just gauging consumer confidence right now which seems like its in astronomical levels.
Allot of market guys are saying they believe this will be a crazy year of record breaking everything market related, but think it will all catchup and a hangover will be late 2021 early 2022 and then covid financial problems will be left exposed.
So i think this is a year you ride it, make your money and get off the train towards the end of the year. this shit wont last forever. Big guys always cash in when they are ahead and when they think they can no longer milk something, when big guys cash in the small guy loses.
make money but have an exit strategy.
Get back on the train when things settle
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Goldmiester
Active Member
I think you are right and what will be driving it is World unrest. It’s pretty clear we’re heading for one of the worst recessions in a lifetime and in these times commodities such as Gold, BTC, etc tend to do well.
Jason1
Well-Known Member
you cant shut down Economies around the world for a year and not have economic problems, no matter how much money a gov throws at it, but gov spending can create market bubbles as we are seeing now.
big time traders know that, if they see a bubble caused because of FOMO, thats perfect, get in make money then get out.
Its interesting to watch.
2021 is going tobe a complete reverse of 2020 IMO, insane amounts of money being splashed around and insane amounts of risk and personal debt being taken on, 2022 is a year I have the most concerns with seeing we survived 2020 there is a false sense we must be all good and that thinking will continue through this year.
BTC would be a causality in 2022 IMO,
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btc yet to prove itself in a ‘worst recession in a lifetime’.. Christ
nicotineandcaffeine
Active Member
Hasn't really mattered what you bought since 2018 or 2019. Actually the only challenge has been to lose money. Gold started picking up, repo markets spluttered, then covid, then... probably people feel safe enough to spend highest ever savings rates and inflation.