Where are the bitcoin lovers now?

[jaygreenb]

You can post a redacted statement on the thread. There’s no reason to hide.

What’s the issue are you trying to recruit guys on the side into some ponzi and don’t want the light shown on it?

Until then I have nothing else to say to you.

Pick the guy clown or send me a DM ill send to you. You are a joke

 

[sangheilios]

Getting back on topic.

@jaygreenb and @Solomon

We are incredibly close to 100k now with BTC and probably going to cross this mark very soon. As I've stated, I think the rest of 2024 is going to remain BTC season but I believe alt season is very close. From here, I'd honestly be amazed if BTC had another 2x in it, so we might have a big move up to 120-150k or so and then start to see this bleed over into the alts. ETH is still pretty low at around 3k and it's pairing to BTC is barely over .03.

I'm starting to see a lot of alt coin shilling and insane price targets lately with crypto youtube that I feel is going to draw a ton of retail FOMO in. Robinhood very recently (re)listed a lot of very popular coins, two that have been getting a ton of action and attention lately are ADA and XRP. A very popular meme coin in particular was also listed, Pepe. I remember Pepe from quite early this year of 2024 and that's really taken off lol, I think this is going to be the popular meme coin of this cycle, especially now that it is listed on robinhood.

This type of stuff really makes me believe that we will continue to have market cycles, as it leads to the asset class becoming insanely overpriced and overheated. The natural reaction of the market is eventually to start cooling off, but then people panic and it leads to full scale capitulation. My plan is the same, hold BTC and either sell alts into cash or convert gains into BTC, or some combination of both depending upon how my positions perform in 2025.

 

[jaygreenb]

Getting back on topic.

@jaygreenb and @Solomon

We are incredibly close to 100k now with BTC and probably going to cross this mark very soon. As I've stated, I think the rest of 2024 is going to remain BTC season but I believe alt season is very close. From here, I'd honestly be amazed if BTC had another 2x in it, so we might have a big move up to 120-150k or so and then start to see this bleed over into the alts. ETH is still pretty low at around 3k and it's pairing to BTC is barely over .03.

I'm starting to see a lot of alt coin shilling and insane price targets lately with crypto youtube that I feel is going to draw a ton of retail FOMO in. Robinhood very recently (re)listed a lot of very popular coins, two that have been getting a ton of action and attention lately are ADA and XRP. A very popular meme coin in particular was also listed, Pepe. I remember Pepe from quite early this year of 2024 and that's really taken off lol, I think this is going to be the popular meme coin of this cycle, especially now that it is listed on robinhood.

This type of stuff really makes me believe that we will continue to have market cycles, as it leads to the asset class becoming insanely overpriced and overheated. The natural reaction of the market is eventually to start cooling off, but then people panic and it leads to full scale capitulation. My plan is the same, hold BTC and either sell alts into cash or convert gains into BTC, or some combination of both depending upon how my positions perform in 2025.

Yep, people can't help themselves, the moon potential is too intoxicating. Will be interesting to see what type of impact of most of the btc buying coming from institutions brings on if there will be the same level of rotation. Also, just the sheer number of alts. If I had to guess, it will be certain alts that catch the massive pumps but many will be muted. If I remember correctly, last cycle the older coins pumped first too, I was able to get out of NEO and OMG lol

As far as BTC, I think people are underestimating just what MicroStrategy is trying to do, they are opening up a huge markets for capital with the convertible debt and products they have coming down the pipe. If they can execute, I think they will have a massive impact.

 

[Solomon]

Getting back on topic.

@jaygreenb and @Solomon

We are incredibly close to 100k now with BTC and probably going to cross this mark very soon. As I've stated, I think the rest of 2024 is going to remain BTC season but I believe alt season is very close. From here, I'd honestly be amazed if BTC had another 2x in it, so we might have a big move up to 120-150k or so and then start to see this bleed over into the alts. ETH is still pretty low at around 3k and it's pairing to BTC is barely over .03.

I'm starting to see a lot of alt coin shilling and insane price targets lately with crypto youtube that I feel is going to draw a ton of retail FOMO in. Robinhood very recently (re)listed a lot of very popular coins, two that have been getting a ton of action and attention lately are ADA and XRP. A very popular meme coin in particular was also listed, Pepe. I remember Pepe from quite early this year of 2024 and that's really taken off lol, I think this is going to be the popular meme coin of this cycle, especially now that it is listed on robinhood.

This type of stuff really makes me believe that we will continue to have market cycles, as it leads to the asset class becoming insanely overpriced and overheated. The natural reaction of the market is eventually to start cooling off, but then people panic and it leads to full scale capitulation. My plan is the same, hold BTC and either sell alts into cash or convert gains into BTC, or some combination of both depending upon how my positions perform in 2025.

Coinbase recently listed: Pepe, Dogwifhat, Floki
Gemini recently listed: Bome, Pnut, Goat, and MEw

Recall these two exchanges never had Memecoins 4 years ago(except for Doge), now they are listing Memecoins like nothing, which confirms to me this is going to be a Memecoin supercycle. I've also got a buddy who tracks Binance&Coinbase wallets(the information isn't hard to find) and he noticed they are buying meme's left and right.

Altcoin season is going to be nuts, when fomo hits and people buying in I will continue to DCA out, there will soon come a point where you would be silly to try to buy in you should be focusing on taking profits.

We are all going to be richhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

 

[jaygreenb]

Coinbase recently listed: Pepe, Dogwifhat, Floki
Gemini recently listed: Bome, Pnut, Goat, and MEw
View attachment 13450
Recall these two exchanges never had Memecoins 4 years ago(except for Doge), now they are listing Memecoins like nothing, which confirms to me this is going to be a Memecoin supercycle. I've also got a buddy who tracks Binance&Coinbase wallets(the information isn't hard to find) and he noticed they are buying meme's left and right.

Altcoin season is going to be nuts, when fomo hits and people buying in I will continue to DCA out, there will soon come a point where you would be silly to try to buy in you should be focusing on taking profits.

We are all going to be richhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

I think you might be right with meme coins, honestly would rather those run then the VC backed garbage of fake promises so they can dump on retail. Makes me wonder if we get a dot com type run where we go to crazy numbers and market cap then have a longer bear market, guess we will find out lol Regardless, think we are in one of those once in a generation opportunities with what is ahead.

 

[Fruitbat]

Congrats BTC holders. I am one of them, but not a major one.

perseverance pays off and hope you enjoy the reward

there is a sea change going on in the US and it’s coming here. The DOGE and increasing scepticism of spending means that scrutiny is being put on CBs. I still don’t see the current crypto being taken on as the operating system but it can happily coexist as a store of value/alternative asset

it’s basically the US election and tranparency coming via twitter deregulation which is changing my mind.

Mods: this isn’t political debate - you can’t discuss bitcoin and economics without discussing the financial/political backdrop and I am not starting any kind of discussion on the matter.

Happy spending

 

[FlirtLife]

You did my research for me - what I know you are now better off for having learned by looking it up yourself - 90 phd’s in the sciences is basically what I just told you. nitpicking and spamming the board with editorial commentary to bury being wrong, that’s not what you do when you make a valid point.

You said they "hire only astrophysicists"[1], and can't admit that was wrong. You justified your nonsense about Newton's Laws by referring to a profession that heavily relies on Newton's Laws. Renaissance Technology does not limit itself to "hire only astrophysicists"[1] - they hire PhDs in mathematics and computer science. It shows your original claim about Newton's Laws was nonsense that has nothing to do with Renaissance Technology, and shows you make stuff up and don't care if its correct. Even now, you won't admit you're wrong.

It should stand on its own. Congratulations on also realizing that volatility plays an equally important part in compounding, believe I mentioned that into my phone and did minimal grammar work two days ago as well. Now take the final step - pretend your in any other business besides capital management, pretend you’re for instance Coca Cola and borrow against your balance sheet and take a multiple of your equity out to expand operations and then you have real outperformance and you see why Jim
simons is miles ahead of your idol (who if you also just take a few moments, you will realize is also running a massively levered operation investing his policy holders premiums, in other words apples to apples he is inferior from all angles) also. You’re welcome to the name Jim Simon’s in the first place. You’re just welcome. Keep coming back .

Warren Buffet is not my idol, but he is a legendary investor. Because you make things up, you made various incorrect statements about him, which I clarified. I provided numerous links, you provided some image from your phone. I also explained that the market is overvalued regardless of Warren Buffet's take on it.

I agree with your criticism of how the insurance business gives Berkshire Hathaway leverage, which academics have estimated to be 1.4x to 1.7x leverage. But academics also found their 3 factor model (market, value, size) couldn't explain Buffet's returns. Academics found two new factors (quality, investability) explained Buffet's returns.

You can't invest in Renaissance Technologies famous Medallion Fund. You can laud them all you want, but it won't change your investment returns. What exactly do you gain by liking Renaissance Technologies, since you can't invest with them?


[1]

So why does Renaissance Tech, the world’s most successful hedge fund, quantitative only, developed out of MIT, far superior to Warren , hire only astrophysicists?

 

[sangheilios]

I think you might be right with meme coins, honestly would rather those run then the VC backed garbage of fake promises so they can dump on retail. Makes me wonder if we get a dot com type run where we go to crazy numbers and market cap then have a longer bear market, guess we will find out lol Regardless, think we are in one of those once in a generation opportunities with what is ahead.

Honestly, I think it's very likely we just continue to follow the market cycle pattern that has been the case for quite a while now. Looking back on it, there is definitely an argument that could be made that the last cycle was a bit underwhelming. I'd also say that this cycle is performing much more like what we saw in 2016-early 2018. There are so many bullish catalysts right now that we didn't see with the 2020-2021 cycle, which makes me think it could be very explosive.

I've said this on here before and I'll say this again. I'm starting to notice a lot of crypto youtubers posting content over the last couple weeks with this ridiculous price targets, talking stuff like a 200k+ BTC or things like XRP hitting $10 or ADA hitting a 1 trillion dollar market cap, it peaked at 100 billion last cycle. The more of this stuff I see the more convinced I am that this market is going to get very overpriced due to retail FOMO entering into the space. I think we are just starting to see this enter in now, but we still have a lot of room to go from here.

It's the same old pattern, market gets boring for a long time and retail is basically absent. Market starts heating up and the crypto shills start talking about price targets, which draws retail in. Market starts pumping even harder and the retail FOMO slowly trickles in. You then start seeing it all over the news, then everyone is buying lol. The market doesn't just tank immediately, it typically takes a few months to really start showing itself and by then retail is basically stuck holding the bags that they bought at the top, the worst time to have bought. They hold and hold and many eventually capitulate at heavy losses, leading to the market becoming severely undervalued.