Bitcoin Price Thread

maxinger said:
I am so excited Tulip Mania #2 is coming soon.
More...

Just a question, how come your model is only waiting for a bitcoin crash?

Bitcoin doubled in less than a month, seems you could have profited when it broke previous ATH $20K and went long.

By the way, I'm gonna repeat a new theory that's emerging on this bull market. This may be different than previous ones where bitcoin crashes over 80% peak to trough

Whether you believe it or not, the Institutions that are buying as much bitcoin supplies now are not moon guy investors wanting 100x and happy to cash out when goals are hit. These investors are already very, very rich in fiat ($, EUR, etc.) and they are very long term investors. They're not interested in more fiat, per se, they are trying to hedge fiat, bonds and other financial system collapse risk.
 
Last edited:
johnarb said:
In 2017, we already had stablecoins
More...

This is an interesting issue tax-wise, and I am not sure I know the answer. Wouldn't a "cashing out" into stable coins trigger a taxable event? Specially if a stable coin is more just like money?

If not taxable, then that is a good move, although I would probably avoid Tether and use some other, more trustworthy stable coin.
 
Pekelo said:
This is an interesting issue tax-wise, and I am not sure I know the answer. Wouldn't a "cashing out" into stable coins trigger a taxable event? Specially if a stable coin is more just like money?

If not taxable, then that is a good move, although I would probably avoid Tether and use some other, more trustworthy stable coin.
More...

It will be a taxable event and planning to deposit and convert at BlockFi, Gemini and Coinbase (and possibly Celsius Network) to USDC, GUSD, PAXOS and no Tether for easy tax reporting 1099 stuff.
 
Last edited:
johnarb said:
Just a question, how come your model is only waiting for a bitcoin crash?

Bitcoin doubled in less than a month, seems you could have profited when it broke previous ATH $20K and went long.

By the way, I'm gonna repeat a new theory that's emerging on this bull market. This may be different than previous ones where bitcoin crashes over 80% peak to trough

Whether you believe it or not, the Institutions that are buying as much bitcoin supplies now are not moon guy investors wanting 100x and happy to cash out when goals are hit. These investors are already very, very rich in fiat ($, EUR, etc.) and they are very long term investors. They're not interested in more fiat, per se, they are trying to hedge fiat, bonds and other financial system collapse risk.
More...
Good question.
I day trade various futures.

The last time I did swing trading was 2 decades ago.

I am waiting patiently to swing trade and short btc. I am waiting patiently to experience Tulip mania #2. TULIP MANIA happens once a 1000 years
 
maxinger said:
Good question.
I day trade various futures.

The last time I did swing trading was 2 decades ago.

I am waiting patiently to swing trade and short btc. I am waiting patiently to experience Tulip mania #2. TULIP MANIA happens once a 1000 years
More...

You keep saying Tulip Mania #2, but that does not make bitcoin a tulip mania just because you say it 100 times :D

Bitcoin has had several 90% price crashes in the past as others have pointed out to you, but you can keep hoping and waiting for that 99%+ crash, maybe it will happen before all of us are dead
emoji_u1f602.png


 
johnarb said:
You keep saying Tulip Mania #2, but that does not make bitcoin a tulip mania just because you say it 100 times :D

Bitcoin has had several 90% price crashes in the past as others have pointed out to you, but you can keep hoping and waiting for that 99%+ crash, maybe it will happen before all of us are dead
emoji_u1f602.png


More...

So far, those were minor crashes.

I am talking about very major crashes from say 7 digits (1000 000 )
to 6 to 5 to 4 to 3 to 2 to 1 digit
to the subzero digit.
If Tulip Mania #2 (or rather Bitcoin Mania ) happens, that will be great.
If it doesn't, no big deal.
 
yesterday BTC day range was at record high.

Interestingly, the day range on 4 Jan 2021 and 8 Jan 2021
were the same.
People were watching day range so closely.
 
maxinger said:
So far, those were minor crashes.

I am talking about very major crashes from say 7 digits (1000 000 )
to 6 to 5 to 4 to 3 to 2 to 1 digit
to the subzero digit.
If Tulip Mania #2 (or rather Bitcoin Mania ) happens, that will be great.
If it doesn't, no big deal.
More...

Minor??? Yikes, ok, I surely am hoping that very major crash you describe never happens but if it does, hope I'm able to cash out a significant portion of our crypto pfolio
emoji_u1f62c.png
 
You must log in or register to reply here.
Back
Top