I am so glad there are people like you. And I hope 90% think like you do. It means that there is still so much upside this decade. Many people today can still buy a whole Bitcoin if they just make adjustments to their portfolio. When it hits $1 million, people will dream to own 0.1 BTC, and even that will be significant.
Is the crypto winter over?
- Thread starter schizo
- Start date
I'm still going long Crypto, and banking profits into busted-up real-estate all the way.
I am not being humble but we all know you both deserve all the credit for being orange-pilled, you did all the hard work and research
For example how many hours of Andreas Antonopolous videos have you watched? Haha
I think the best thing that we do for each other is to know we're not alone during the darkest times of bear market (crypto winter), when the naysayers are validating our self doubts and amplifying them
The market is relentless downtrend, choppy sideways for months that never seem to end... that's when the schadenfreude, the mocking, the snarky remarks from the naysayers hit the hardest
They kick us when when we are down and there is nothing we can say as they would always point to the price being down xx% from the high (even though we did not buy the ath price)
I was here in 2017-19 bear market and suffered all of it
and was here in 2022-2023 and went through it again, but this time with more of us and for that I am truly grateful
Of course not, why would you take responsibility?
Buffet and Dave Ramsay with the millions of people that follow their advice and opinions on everything financial have destroyed many lives... it is absolutely criminal
Buffet dismissing bitcoin publicly at $600 and Ramsay mocking bitcoin at $400
Ask yourself how many of their followers were struggling to succeed in financial investments and had they invested a measly $6,000 and $4,000 now have life-changing investments?
Almost $700k and will be $1M when bitcoin goes to $100k and it will be $5M when bitcoin is $500k
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You're quick to call for justice if bitcoin goes to $0, but when does justice get served for Buffet, Ramsay and YOURSELF when bitcoin goes up to a certain level ?
Up to you.
We all say silly things from time to time.
I was just suggesting you take the opportunity to distance yourself from that one.
I must have watched probably close to 1,000 hours of videos and podcasts now.
I think all of them on youtube at this point! LOL... The saddest part is how long he has been around for, so there was lots of opportunity to start sooner. In fact, I see how many guys were trying to get the word out for so long and here I'm left wondering why I completely missed, or dismissed it, until 2021.
I'm sad to say that I didn't accumulate much in the 17k-20k range. Then in the 30k range, I was adding, but still hoping for a pullback. I've kept buying on the way up, but the fear of it going to 10k, or rather, the opportunity of thinking it might get there and having a large stash of fiat left to buy with is what I regret the most now. Of course there was never any way to know how low it will go, but I do feel like the fear prevented me from getting better entries.
And I am grateful for you being here as well!
The only thing I wonder about is if the cycles will repeat again. Surely its not gonna be another top at 200k-500k lets say followed by another 75-90% drop. I feel like the dynamics have changed so much. I feel like this time around there is gonna be a much higher base. People selling after a 25% drop lets say might actually end up chasing price higher when it doesn't do a 50% or 75% correction. So they sell at -25%, and start buying back in above the highs when they realize it wasn't the top.
I know price is harder to move when the market cap goes above $10T, but considering that there are so many governments and corporations that have yet to allocate anything, I'm guessing that adoption is in the low single digits right now. So we are barely getting started in the mass adoption arena. The cycles made sense to me when it was just a small subset of the population interested in crypto. But when it goes mainstream, I think the cycle pattern is broken, and another dynamic will form.
Gold is up 8% since previous ATH in December.
Seems to be China driven(where crypto is not approved) but for many of the same reasons that money flows and will flow into BTC.
Chinese buyers are driving the surge in gold.
It’s not just individual Chinese citizens, but also the country’s central bank.
According to Bloomberg, central banks in “emerging markets” have bought up gold at record levels.
And you guessed it – China is leading the charge.
The reason is simple – China is losing faith in its economic structures.
Chinese citizens are stockpiling gold coins, bars and jewellery despite the high prices, to hedge their wealth against inflation and also the country’s turbulent stock market and property sector.
I would assume there is some level of black market investment in crypto but I think that the penalties for defying the Government would be a hurdle for most.
Interesting to think that BTC has achieved what it has without input from the worlds second largest economy.
Seems to be China driven(where crypto is not approved) but for many of the same reasons that money flows and will flow into BTC.
Chinese buyers are driving the surge in gold.
It’s not just individual Chinese citizens, but also the country’s central bank.
According to Bloomberg, central banks in “emerging markets” have bought up gold at record levels.
And you guessed it – China is leading the charge.
The reason is simple – China is losing faith in its economic structures.
Chinese citizens are stockpiling gold coins, bars and jewellery despite the high prices, to hedge their wealth against inflation and also the country’s turbulent stock market and property sector.
I would assume there is some level of black market investment in crypto but I think that the penalties for defying the Government would be a hurdle for most.
Interesting to think that BTC has achieved what it has without input from the worlds second largest economy.
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Bitcoin did not have a constant buying during US market hours, Monday to Friday are my favorite days now, haha
How will this play out during a bear market? Will there ever be a severe bear market again in bitcoin going down 70%?
I suppose at some point in the future, there could be a chance there will be negative outflows from the ETF's just like gold ETF's nowadays (most likely due to bitcoin etf's)
Some Twitter posts are saying MSTR has met the specifications for being added to the S&P 500 (now in the low 400sh of the biggest companies) and Saylor will have the ability to do a speculative attack on the the whole stock market sucking all the passive inflow investing funds and directing them to buying more bitcoins
This bull market is shaping up well
The price of bitcoin is set at the margin, not all 19.6M coins are on exchanges, even during the bear market, what pushed the price down to $14.5k was mostly from hundreds of thousands of bitcoins and other cryptos due to liquidations from the Celsius, BlockFi, Genesis, FTX, 3AC, Voyager
We won't get those again. We all learned the lessons, not your keys not your coins
ETF's getting 6102 along with Gemini, Coinbase, Robinhood, and other centralized entities is a different risk, but that's a discussion for another day, (i.e. fiat monetary system collapse of some type)