Bitcoin Price Thread

johnarb said:
People who have made a lot of $$$ in bitcoin and cryptos did not get lucky. They held through the ups and downs

I could have sold all at $100K valuation, an amount I never imagined I would ever be able to acquire

I could have sold all at $500K valuation, but still I was 100% of net worth invested in bitcoin and cryptos when I reached this level

I could have sold all at $1M valuation, wtf, all my life I've been in debt and just assumed I'd grow old and die poor

It's true, I'm not 100% net worth invested in bitcoin and cryptos now, but still hold a significant amount of our net worth in it

I highly recommend the book "The Bitcoin Standard" to any crypto skeptic


https://twitter.com/x/status/1418937350600675340
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;)
 
vanzandt said:
;)
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I have a huge tax bill next year and that's ok, it's part of cashing out

This is one of the reasons holding for long term is easier than timing the ups and downs

Imho, after surviving last year, during the liquidity crisis of March 2020, there's probably nothing that can compare. If we're going down another 30% from here after being down 50% from the high, so be it

I will have no problem holding through it and waiting for what happens eoy

[edit, I have a position in AMD call options 85 strike Jan/2022 which was up $16K profits m2m in about 7-10 business days after entry which I let go down to $3K profits m2m, and now profits are back to $11K m2m, AMD earnings are next week Monday, I think

I can't do anything, don't want to deal with more tax headaches, just hold the call options until first week of 2022]
 
krugman25 said:
@johnarb nice trade! I snagged up some ETH and a few other tokens myself when markets dipped down into support.
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Thank you, krugman and welcome back! We missed your posts around here

Congrats to you on Eth trade as well. Eth has been performing better than btc, price-action wise

I tagged you on a thread on Defi - bankless re: Ampl, there's no pressure and looking back I feel bad it might seem like shilling a shitcoin. Ampl is a rebase coin, it's a play on marketcap more so than actual price of the coin

Anyway, don't worry about it :D Cryptos market has been on a positive uptrend past week I think it will continue and things are looking much better nowadays
 
johnarb said:
Thank you, krugman and welcome back! We missed your posts around here

Congrats to you on Eth trade as well. Eth has been performing better than btc, price-action wise

I tagged you on a thread on Defi - bankless re: Ampl, there's no pressure and looking back I feel bad it might seem like shilling a shitcoin. Ampl is a rebase coin, it's a play on marketcap more so than actual price of the coin

Anyway, don't worry about it :D Cryptos market has been on a positive uptrend past week I think it will continue and things are looking much better nowadays
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I've been manically posting on my Twitter account as of late, lol. I bought some QNT as well which has definitely been my best trade since the recent bottom, up 25% in the past 2 days. Still nothing compared to the people who got into AXS. I was going to enter if it reached 11, but price dropped to 14 and then went completely vertical. Oh well.
 
krugman25 said:
Funding rates have actually been dropping even as the market has rallied
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Great info! Thanks!

Will Clemente and Willy Woo have the same message albeit using on-chain analytics data and both are calling for a supply shock price upmove on Btc similar to the move from $40K to $60K as the whales keep gobbling up supplies
 
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