Where are the bitcoin lovers now?

[jaygreenb]

Saylor took a fledgling company and says he is investing corporate cash but he’s not paying down the debt he’s issuing to buy bitcoin so he is running a the world’s largest, leveraged bitcoin hedge fund. In other words he has to say that.

I have no opinion on this for now. I sold today 89,000 making about 14,000 points in about a week, I’ll get back in when it’s a little cleaner.

That doesn't disqualify the video and his statements that I assume you didn't even watch, lazy response. He also wouldn't be making a such a large play if he thought it was a legitimate risk, just like every other major player who has done their due diligence. People with skin in the game are the ones who are going to be the most informed.

 

[Divorced w 3]

That doesn't disqualify the video and his statements that I assume you didn't even watch, lazy response. He also wouldn't be making a such a large play if he thought it was a legitimate risk, just like every other major player who has done their due diligence. People with skin in the game are the ones who are going to be the most informed.

Sometimes in my business being too informed is not a good thing. Understand and have a thesis yes, it’s not my job though to ignore what’s in front of me to position for a longer term, fundamentally driven belief. I don’t risk capital that way. I like to believe what’s happening in front of me and if my thesis proves itself I commit to it until I see it go the other way.

 

[jaygreenb]

Sometimes in my business being too informed is not a good thing. Understand and have a thesis yes, it’s not my job though to ignore what’s in front of me to position for a longer term, fundamentally driven belief. I don’t risk capital that way. I like to believe what’s happening in front of me and if my thesis proves itself I commit to it until I see it go the other way.

Respectfully, this statement in completely absurd lol You don't want to be informed on if a catastrophic risk is actually credible on the best performing asset in history. Not a good way to manage long term money.

 

[Divorced w 3]

Respectfully, this statement in completely absurd lol You don't want to be informed on if a catastrophic risk is actually credible on the best performing asset in history. Not a good way to manage long term money.

Im not managing long term money. I made 34% in 5 business days. I am out of the position. I’m going to get back when it shows itself more clearly. I am not a bitcoin investor or expert.

 

[Divorced w 3]

Honestly, man, if your goal is to swing trade for profit you could way more easily do this right now by buying ETH or any top alts. They are still insanely low in regards to their BTC pairs.

ETH to BTC: Ethereum Price in Bitcoin | CoinGecko

I'm thinking from here it is incredibly unlikely for BTC to see a 2x, but these alts can still provide huge profits at this point. BTC dominance is at 60%, so we are not even remotely close to alt season and peak euphoria. Not sure what your specific goals are, but alts could easily provide 2x+ gains if you buy now and willing to wait for up to maybe 12 months, if even that.

Best time would have to load up on alts before the election, which is what I did, but right now is still a decent to buy in if you haven't already done so or looking to expand upon your positions.

Took another look at ETH..looks pretty interesting

 

[jaygreenb]

Im not managing long term money. I made 34% in 5 business days. I am out of the position. I’m going to get back when it shows itself more clearly. I am not a bitcoin investor or expert.

Then why bring up the risk in the first place, you may as well trade anything, the underlying value and risks are meaningless. Plenty of price action on absolute dog sh%t. Anyway, best of luck

 

[Divorced w 3]

Then why bring up the risk in the first place, you may as well trade anything, the underlying value and risks are meaningless. Plenty of price action on absolute dog sh%t. Anyway, best of luck

Respectfully , your unjustified indignation aside, you and I just seem to look at risk differently. There are many types of risk. I am not just not so conceited as to believe that when something well established is going up or down directly in front of me by a massive %, that I have the right viewpoint to justify acting like I know more than the people that have the wherewithal to make a move like that happen on a major asset. You want to hold on to your bitcoins for a long time, more power to you. I don’t judge you for that. History is littered with the decimated account statements of HODL’s that believed in corporate charlatans that ignored what they were seeing right in front of them every time they read the quote in the paper or on their app. Maybe you have an issue with guys like me because I don’t feel the same way you do, but I’ll ask you this, one day you’re going to want to transact with someone at a pivotal price point and who do you think at all time highs or lows is going to be on the other side of that trade? You’re welcome in advance.

 

[jaygreenb]

Respectfully , your unjustified indignation aside, you and I just seem to look at risk differently. There are many types of risk. I am not just not so conceited as to believe that when something well established is going up or down directly in front of me by a massive %, that I have the right viewpoint to justify acting like I know more than the people that have the wherewithal to make a move like that happen on a major asset. You want to hold on to your bitcoins for a long time, more power to you. I don’t judge you for that. History is littered with the decimated account statements of HODL’s that believed in corporate charlatans that ignored what they were seeing right in front of them every time they read the quote in the paper or on their app. Maybe you have an issue with guys like me because I don’t feel the same way you do, but I’ll ask you this, one day you’re going to want to transact with someone at a pivotal price point and who do you think at all time highs or lows is going to be on the other side of that trade? You’re welcome in advance.

Not what happened, but cute spin. You brought up a risk/concern specifically on Quantum computing, I responded to that concern with several videos because I didn't feel like typing out an essay for someone who wasn't really going to take anything from it. It would be a waste of time. Saylor was just ONE of the people addressing it, there are plenty others like the other video provided, he just gave some clear and concise answers but you chose to go just immediately discredit because he owns it instead of addressing the points he made. You provided ZERO value and basically just produced a bunch of word vomit.

I don't really have issues with guys like you, you just have no clue what you are talking about on this topic but feel your vague statements are somehow intriguing or valuable. They aren't.

This is a thread specifically on Bitcoin, which you admitted you do not own or know anything about. What is the point of even being on this thread?

You brag about 34% in 5 business days, compounded out, you should be rich by now, what gives, why aren't you? Its a joke, like most traders, you cherry pick a good performance but your NET is hot garbage. What long term results do you have to offer that gives your takes any credibility. It certainly isn't your knowledge on bitcoin which you admitted you know nothing about. Maybe spend your time doing something more productive, you're welcome.

 

[Bible_Belt]

Eliot wave theory would say we are in wave 4 right now from the election breakout and wave 5 will very soon take btc to 100k. I would expect it to hover there for a little while and consolidate.

 

[Divorced w 3]

Not what happened, but cute spin. You brought up a risk/concern specifically on Quantum computing, I responded to that concern with several videos because I didn't feel like typing out an essay for someone who wasn't really going to take anything from it. It would be a waste of time. Saylor was just ONE of the people addressing it, there are plenty others like the other video provided, he just gave some clear and concise answers but you chose to go just immediately discredit because he owns it instead of addressing the points he made. You provided ZERO value and basically just produced a bunch of word vomit.

I don't really have issues with guys like you, you just have no clue what you are talking about on this topic but feel your vague statements are somehow intriguing or valuable. They aren't.

This is a thread specifically on Bitcoin, which you admitted you do not own or know anything about. What is the point of even being on this thread?

You brag about 34% in 5 business days, compounded out, you should be rich by now, what gives, why aren't you? Its a joke, like most traders, you cherry pick a good performance but your NET is hot garbage. What long term results do you have to offer that gives your takes any credibility. It certainly isn't your knowledge on bitcoin which you admitted you know nothing about. Maybe spend your time doing something more productive, you're welcome.

Nobody’s bragging about anything, the return I made was brought to light as a response to the way the conversation was unfolding. Also, correct it’s a bitcoin thread and I’m talking bitcoin you just don’t like what I have to say about. I don’t necessarily see the same utility in it that you do, so that’s a problem for you, but make no mistake i am talking bitcoin. You just want to fight, im not interested. Have a good weekend my man.

 

[FlirtLife]

BTC dominance is around 60% right now and it will most likely be the center of most of the action through the rest of the year 2024 and maybe a couple months into 2025. Alts will more or less go along for the ride through this time period, but really not do much relative to BTC. However, I think the true alt season will definitely kick off sometime next year, maybe February or March. Basically, we'll see BTC make a huge move and then watch dominance collapse as alts take off.

How do you evaluate "BTC dominance"?

When I use CoinMarketCap, I get $159.5 billion market cap in the top 8 (top 10 skipping stable coins USDT and USDC). Dividing Bitcoin's market cap of $84.95 billion by $159.5, I get 53% weight in the top 8. Adding the rest of the top 50 would drive it lower (for example, PEPE at #15 has a $10 billion market cap).

Maybe I should create a crypto index fund, which would be weighted by market cap (just like the S&P 500):

53.3% BTC
21.3% ETH
4.1% SOL
1.7% BNB
8.7% DOGE
8.3% XRP
2.0% ADA
0.7% TRON

(Total is 100.1% from rounding. Personally since DOGE's existence is obnoxious, I'd remove 0.1% there)

 

[sangheilios]

How do you evaluate "BTC dominance"?

When I use CoinMarketCap, I get $159.5 billion market cap in the top 8 (top 10 skipping stable coins USDT and USDC). Dividing Bitcoin's market cap of $84.95 billion by $159.5, I get 53% weight in the top 8. Adding the rest of the top 50 would drive it lower (for example, PEPE at #15 has a $10 billion market cap).

Maybe I should create a crypto index fund, which would be weighted by market cap (just like the S&P 500):

53.3% BTC
21.3% ETH
4.1% SOL
1.7% BNB
8.7% DOGE
8.3% XRP
2.0% ADA
0.7% TRON

(Total is 100.1% from rounding. Personally since DOGE's existence is obnoxious, I'd remove 0.1% there)

Not sure where you were looking at with coinmarket cap, but here is the specific page on that site for that

Bitcoin Dominance | CoinMarketCap

 

[jaygreenb]

Nobody’s bragging about anything, the return I made was brought to light as a response to the way the conversation was unfolding. Also, correct it’s a bitcoin thread and I’m talking bitcoin you just don’t like what I have to say about. I don’t necessarily see the same utility in it that you do, so that’s a problem for you, but make no mistake i am talking bitcoin. You just want to fight, im not interested. Have a good weekend my man.

Yes, the battle tested I don't know anything about it but you're wrong thesis. Have a nice weekend as well

 

[Divorced w 3]

Yes, the battle tested I don't know anything about it but you're wrong thesis. Have a nice weekend as well

I’m long 300 shares of microstrategy, @343.94 my guy

 

[jaygreenb]

I’m long 300 shares of microstrategy, @343.94 my guy

That's wonderful, I agree its a good place to be. Not sure how that relates to our conversation though, you don't gain knowledge and understanding though osmosis my guy.

 

[Divorced w 3]

That's wonderful, I agree its a good place to be. Not sure how that relates to our conversation though, you don't gain knowledge and understanding though osmosis my guy.

Oh, we’re not having a conversation you’re a miserable bastard. Who gets his rocks off fighting with people online. I just thought it was interesting to note.

 

[jaygreenb]

Oh, we’re not having a conversation you’re a miserable bastard. Who gets his rocks off fighting with people online. I just thought it was interesting to note.

It is called debating ideas and sharing information, you stated concerns so I shared information that addressed them. Not my fault you get emotional because you can't back anything up with substance so go ad hominin attacks