Bitcoin
- Thread starter Ron Resnick
- Start date
Indeed a nice present. I am also a bit surprised that happened over Xmas.
The financial institutions really are getting very interested like never before. I think waiting for really big dips in price to buy in this coming year might be very optimistic.
But who knows. MicroStrategy's Michael Saylor is very interesting to listen to on YouTube. And he's definitely put his money where this mouth is.
Whatever you do don't short it during a bull run the likes of which the world has never seen...
free investing advice - don't listen to those kinda dudes or "bugs." He just happened to miss $19k to $5k in 2018, too, despite a $100k forecast.
tremendous volatility today from 36k to 40.5k, down to 36.5k and then around 39k. speculators all-in. I still feel a near term top is coming.
At $4k, I was predicting $0 within a year. I've also predicted the collapse of Apple. I don't do forecasting for a living, and yet, I'm often no less wrong that those who do.
Diri
I do think the massive money printing and falling dxy are the cause of the rise, though, basically. While that keeps happening BTC will probably do pretty well.
I also think we are probably at the start of far wider adoption of Blockchain tech with retail getting interested in crypto, the recent stablecoin announcement, and increased interest from financial institutions.
I just think it will be interesting to look back on Max's prediction in this thread in a year.
I do think the massive money printing and falling dxy are the cause of the rise, though, basically. While that keeps happening BTC will probably do pretty well.
I also think we are probably at the start of far wider adoption of Blockchain tech with retail getting interested in crypto, the recent stablecoin announcement, and increased interest from financial institutions.
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FOMO for sure.
Ron was a bit sore when he bought and it went down, I wonder if he held till now.
Ron was a bit sore when he bought and it went down, I wonder if he held till now.
I held everything I bought during the craze at the end of 2017, both the cryptocurrencies and the blockchain companies.
Three of the blockchain companies I invested in went to zero. Those three were frauds.
But see Post 596, above. The company I posted about, Galaxy Digital, has became, at the moment, the single best investment of my life.
I sold half of the cryptocurrencies a few weeks ago when BTC hit 41,000. I've been selling partials on Galaxy Digital over the last few weeks.
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Time to wait for another buy in perhaps?
People are going BTC crazy again. But I simply don't believe even covid BS will truly make it change behavior greatly. I expect and ebb with any major flow. The settling point of the last halvening was around half what the price is to day, maybe a bit less... if that says anything.
People are going BTC crazy again. But I simply don't believe even covid BS will truly make it change behavior greatly. I expect and ebb with any major flow. The settling point of the last halvening was around half what the price is to day, maybe a bit less... if that says anything.
I think it is unlikely to drop in half again. There is too much institutional money waiting to initiate an investment.
The drop from 42,000 stopped at about 32,000. I was hoping for mid-20,000s but it never came.
The drop from 42,000 stopped at about 32,000. I was hoping for mid-20,000s but it never came.
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