Should be interesting! For whatever reason, I feel we are in store for a week or two of modest consolidation prior to another pump.
OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
Anyone ever hear of Republic or this fund they launched?
www.coindesk.com
Republic Launches $60M Crypto Seed Fund
The crowd-equity platform says that new portfolio companies coming in through the fund should benefit from Republic’s other divisions.
Republic Launches $60M Crypto Seed Fund
The crowd-equity platform says that new portfolio companies coming in through the fund should benefit from Republic’s other divisions.
Good day so far. My crypto portfolio is at an ATH. BTC is a out $1,400 off its ATH.
I keep hearing about a upcoming "god candle" Not to drink the kool-aid, but I've seen a lot of price predictions that seem insane to the layman or average hodl'r, but they're not pie in the sky numbers, They're all based on a model developed from on-chain. 10k candles, $400k BTC year end, these are some of the insanity that's being put out there as best case scenarios.
One of the best on-chain analysists out there, the pseudononymous PlanB is calling for a avg BTC price this halving cycle ('20 - '24) of 100k. His model has predicted the last few mos of price activity.
I'm obviously a huge believer in BTC & crypto, but some of the numbers thrown around, I even have a hard time wrapping my mind around.
I keep hearing about a upcoming "god candle" Not to drink the kool-aid, but I've seen a lot of price predictions that seem insane to the layman or average hodl'r, but they're not pie in the sky numbers, They're all based on a model developed from on-chain. 10k candles, $400k BTC year end, these are some of the insanity that's being put out there as best case scenarios.
One of the best on-chain analysists out there, the pseudononymous PlanB is calling for a avg BTC price this halving cycle ('20 - '24) of 100k. His model has predicted the last few mos of price activity.
I'm obviously a huge believer in BTC & crypto, but some of the numbers thrown around, I even have a hard time wrapping my mind around.
Anyone ever hear of Republic or this fund they launched?
Republic Launches $60M Crypto Seed Fund
The crowd-equity platform says that new portfolio companies coming in through the fund should benefit from Republic’s other divisions.
Republic Launches $60M Crypto Seed Fund
The crowd-equity platform says that new portfolio companies coming in through the fund should benefit from Republic’s other divisions.
Never heard of it, but it's really a folly to pay a premium to purchase BTC and other crypto assets. It's so imperative to own your coins/tokens.
If I was legally unable to purchase BTC or crypto, I would be owning stock of Microstrategy, Coinbase, Riot, XPDI (mining co merging w a SPAC) and maybe Tesla.
We are still so early in the crypto ecosystem. Hard to tell what will happen when, but over the long run, it will be:
🚀🚀🚀🚀🚀
ATH for my crypto portfolio as well!
Update: BTC >$64k
BCHG. Bitcoin cash. Anyone with any insight on whether or not to take a stab at it. Any feedback would be greatly appreciated.
Not familiar with investing into the Bitcoin.
Not familiar with investing into the Bitcoin.
Don't waste your time with any of the bitcoin forks or copies. Gold, Satoshi Vision, Cash, they're all swill. Best way I can describe them is pouring a bottle of swill whiskey into an empty bottle of Pappy and trying to pass it off as Pappy. Its not, nor will it ever will be. These alternative botcoins are straight trash. You can download the bitcoin source code, repackage it as Scarlet Bitcoin, run a node and have it out there.
If the price of btc is concerning, you can buy a fraction of one for pennies on amy exchange. I tell anyone thinking about getting into the space to open am account on coinbase, gemini or ftx, fund it with a nominal amount you're comfortable with and buy a small amt of btc. A small amt of skin in the game is all it takes for most to start diving more into crypto. Hope this helps
^^^^^ Truth
If you are new to crypto.....step 1, buy some BTC.....step 2, buy some ETH. Go slow, buy in regular intervals for a while to help deal with the volatility.
These levels which we last saw in spring are providing resistance for sure.
I'd be pretty surprised if it doesn't break through though. Seems sentiment is way too positive right now for it to break down.
There is always new FUD around the corner, but since China is out of the game the FUD should be modest.
It's coming. we're 500 off ATH. Let's see what happens today :)
Ya, just saw that, blasted right through.
Again, just judging by sentiment, I imagine it runs from here.
Everyone seems to put $100K as the next price target, would not be surprised if it soars to that level from here.
ETH running as well, pushing $4K.
My alt's not so much, Cosmos is my only substantial holding amongst my non BTC-ETH holdings, and that is down about 25%in the last month(I'm still up near a double), but I'll hang in there. Hopefully the alt's get running in BTC's wake.
ETH and BTC still make up 67% of my crypto. Cosmos, about 22%.
My alt's not so much, Cosmos is my only substantial holding amongst my non BTC-ETH holdings, and that is down about 25%in the last month(I'm still up near a double), but I'll hang in there. Hopefully the alt's get running in BTC's wake.
ETH and BTC still make up 67% of my crypto. Cosmos, about 22%.
I think we're looing at a run to $70-75, pullback to the upper 50;s low 60s, then a pop to 100k.
My alts are all popping anywhere from 1 - 55%. $2CRZ - I mentioned this one 2 weeks ago is the 55% gainer.
I sold off a lot of my alts I've been holding in profit, waiting for a larger pop. I'm now 80% bitcoin, 5% each of ETH, DCR & ELA and 5% trading positions on random alts.
You are going to see a ton of people massively buy that "dip" when it happens. I'm itching to buy more, but you can't chase the pump.
I would just buy more. Nothing is certain. I kicked myself for buying in the 60's back in April, big picture-wise, it really doesnt matter.
I’m not so sure you should sell off all your alts. The alts rallies have historically followed bitcoin’s rally with some pretty amazing returns. I’d rather hold my alts at these prices and watch for the tailwinds.
Very good point. If we all believe the BTC is heading for $500k+ and ETH $25k+, I guess it doesn't really matter.
How is everything going with you? Any plans to add (coins of crypto stocks)?
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I wanted to front run the BTC price run, which it seems like I did. I traded a bunch of sideways alts that I was in 4x - 100x profit on.
The only alt I'm holding that on the fence on is AMP. The use case is there, but the growing simplicity of the lightning may come at the expense of AMP. Hodling for the time being.
Ive been doing small dart throws now at some alts that have decent tokenomics. There's very few new coins coming online that I truly love. All of these now are meant to flip into btc
I haven’t followed the tax situation but when you sell coins or tokens for a gain do you report it at tax time just like you would for gains/losses on stocks?
One difference is the loss aspect in your taxes. You can trade out of crypto for a loss and take the write off yet you can buy right back in if you want. The 30 day wash sale doesn’t apply here as they are considered securities.
As for the gains, I expect those to be taxed as income
Strong IPO day, up 50%! Let's see if they hold on to it. However, $500m market cap is modest for a legit BTC miner.
I have nice positions in BTC and ethereum. Gonna sell ethereum around 5k. Gonna hold BTC until around 100k, then wait for some dips. I own about 8 other alts in small positions but gonna hold ADA and Solana long term. I also am gonna hold Raven coin for the long term. That one has a 100x or more potential
ETH is heading to $10k+ easy. Perhaps well higher in 2022 after 2.0 rolls out. You should hold on to some of it, at least.
Raven coin?
I just think Solana and ADA have shown distinct advantages in speed and fees that they will overtake Ethereum. I agree with @bob-law on that. My son and a heavy crypto friend of his talked me into Ravencoin. Can’t buy it on Coinbase yet, so I had him buy me some on crypto.com. Pure speculation play.
I don’t follow this stuff nearly as much as I should, but a few friends that do are all over Solana so I’ve added that to the portfolio.
Haven't bought Solana yet, especially since it crashed a few weeks ago. I have ETH, BTC, and ADA in that order. ETH has a massive head start and advantage on all other blockchains. It also has the most developers and resources to maintain that lead. Remember that with PoS, ETH tokenomics will go deflationary.
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Get on board. :)
www.cnbc.com
Paul Tudor Jones says crypto is his preferred inflation hedge over gold right now
Billionaire investor Paul Tudor Jones told CNBC that cryptocurrency as an inflation hedge is "clearly ... winning the race against gold at the moment."
You're going to see more and more of these pop up. I grabbed a small handful of xpdi, as its merging w core scientific, which is a huge miner.
Core Scientific, The Largest Blockchain Hosting Provider And Digital Asset Miner In North America, To List On NASDAQ Through Merger With Power & Digital Infrastructure Acquisition Corp.
/PRNewswire/ -- Core Scientific Holding Co. ("Core Scientific" or the "Company"), a leader in customizable infrastructure and software solutions to large scale...
www.prnewswire.com
I think you'll be missing some action selling btc and eth at those prices. Eth will cap out at 7-10k before its inevitable decline. Btc will see a dip after 100k then rocket onwards before a blowout top late q1/ early q2.
I dont love cadano. All the ada fanboys I know tried to get me to buy in over the summer based on this massive run that was supposed to happen in Sept. It never happened.
Be careful trading btc. The 10k candle is probably coming. Even studying onchain, I don't have the wherewithal to try to time btc trades. Scaramucci had a great quote today. Its digital Ocean front property. Why would you sell that?
! agree 100% there will be a ton of competition in the "smart contract" space. While it's cute that eth was the first ones there, their fees and spee have opened the door for many other protocols to snipe market share.
Great post, until the last paragraph. I own a modest amount of ADA, which has a cult following. Lots of big promises and a great vision. However, as Elon says about EVs, anyone can build a nice prototype, but production is hell. In the smart contract game, ETH is Tesla.You're going to see more and more of these pop up. I grabbed a small handful of xpdi, as its merging w core scientific, which is a huge miner.
Core Scientific, The Largest Blockchain Hosting Provider And Digital Asset Miner In North America, To List On NASDAQ Through Merger With Power & Digital Infrastructure Acquisition Corp.
/PRNewswire/ -- Core Scientific Holding Co. ("Core Scientific" or the "Company"), a leader in customizable infrastructure and software solutions to large scale...
I think you'll be missing some action selling btc and eth at those prices. Eth will cap out at 7-10k before its inevitable decline. Btc will see a dip after 100k then rocket onwards before a blowout top late q1/ early q2.
I dont love cadano. All the ada fanboys I know tried to get me to buy in over the summer based on this massive run that was supposed to happen in Sept. It never happened.
Be careful trading btc. The 10k candle is probably coming. Even studying onchain, I don't have the wherewithal to try to time btc trades. Scaramucci had a great quote today. Its digital Ocean front property. Why would you sell that?
! agree 100% there will be a ton of competition in the "smart contract" space. While it's cute that eth was the first ones there, their fees and spee have opened the door for many other protocols to snipe market share.
For ETH and BTC. I'm buying every legit dip.
So if the BTC trend is to buy and hold, what happens to the transactional thesis including El Salvador? I would imagine that given the run up the people of El Salvador are less inclined to spend it and more inclined to hold it in the hope of getting rich. Seems like the buzz around accepting BTC to pay for things is waning. Recently a mortgage lender abandoned efforts to accept BTC because nobody was using it to pay. Why would more countries adopt BTC as their legal currency if everyone just holds it.
I don't think using crypto for transactions makes sense, right now. Not with the value's appreciating like they are. In time does BTC reach it's level, becomes less volatile and then using it for transactions does make sense? Possible but I imagine we are years away from that. Like a decade or more.
Now in countries like El Salvador, whose currencies are weak, and volatile themselves, they may get to that point sooner then in the US, but I think you are right those people will see this asset appreciate and will say, I'm not using this to buy food. (Or maybe they need food so badly they do?) But I wonder, if the leaders of those countries do see this as an oppurtunity to enrich their people? Get them to buy BTC before the next big run, have them hold it through the run, and then have a more wealthy population on the other side. Maybe I'm giving the leaders too much credit, but I do think that will be the result, to some extent at least.
Does anyone have #'s as to what amount of BTC is being held by the El Salvador population? And how often it is used in transactions?
