CAPSLOCK BANDIT
Master Don Juan
- Joined
- Jul 29, 2020
- Messages
- 2,845
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Was just coming to check in, I might go in, bitcoin is up 44% from last month, should of went in earlier ****
Agree with this sentiment, completely different buyer and dynamic. From a risk perspective can be hard to justify going heavy alts, especially the absolute dog sht when you know major funds are building out a percentage allocation to btc. Of course could be completely wrong but certainly worth consideration that this cycle might look differently than previous cycles.Also more crazy pumps for BTC and likely ETH later on in this run. I don't expect the crazy BTC pumps to correlate to alts pumping this time around.
Typically, BTC pumps from retail flow from exchanges into some of these alt coins but as this time around, much of the pumps will come from institutional ETF's, those fund purchases of BTC will not translate to alt coin trading. Would be very particular this time around about alt coins and not just blindly pick.
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Agree with this sentiment, completely different buyer and dynamic. From a risk perspective can be hard to justify going heavy alts, especially the absolute dog sht when you know major funds are building out a percentage allocation to btc. Of course could be completely wrong but certainly worth consideration that this cycle might look differently than previous cycles.
LTC/BCH typically move in either lockstep or they eventually even out around the same market cap. Since BCH already pumped and LTC is lagging a bit, I think LTC would be better move. Just observation from past not fortune teller.DogeCoin has effectively doubled in the last few days or so. I've converted half my Doge to Bitcoin and the other half to Bitcoin Cash. I kept a small amount in Doge to see if it goes anywhere (less than 20 bucks). All in on Bitcoin and Bitcoin Cash. I also have small amounts in other crypto currencies too.
If you currently have too many women chasing you, calling you, harassing you, knocking on your door at 2 o'clock in the morning... then I have the simple solution for you.
Just read my free ebook 22 Rules for Massive Success With Women and do the opposite of what I recommend.
This will quickly drive all women away from you.
And you will be able to relax and to live your life in peace and quiet.
Lags about half, but you may be right. I've had an auto-buy on Bitcoin for a few years each month. I play with the others, but it's always best to go with best of breed; BTC, ETH, and may be BCH. LTC is interesting, but I do not know much about it.LTC/BCH typically move in either lockstep or they eventually even out around the same market cap. Since BCH already pumped and LTC is lagging a bit, I think LTC would be better move. Just observation from past not fortune teller.
Here is Vitalik, founder/creator of ETH providing his take on why trash meme coins are pumping.
TLDR: If we had better infrastructure/utility projects, those should be pumping but the existing ones are either overly hyped or there a bunch of useless projects taking up market share. He's calling for more development in the fields he described.
Have you ever stopped and considered that you got lucky buying up some low cap alt at the low of the previous bear market that just happened to do well? Meanwhile, 90%+ of the stuff in that category did nothing or worse faded into oblivion?I been in fetch.ai ($FET) since $0.05
It makes up 30% of my portfolio.
I will retire on it.
I think btc will only go up since the ETF and BlackRock (who own the world, along with Vanguard) started buying it up.
Just dump some cash in and forget.
DogeCoin has effectively doubled in the last few days or so. I've converted half my Doge to Bitcoin and the other half to Bitcoin Cash. I kept a small amount in Doge to see if it goes anywhere (less than 20 bucks). All in on Bitcoin and Bitcoin Cash. I also have small amounts in other crypto currencies too.
I was going to add to what I mentioned on my previous post.Alts will definitely pump, but just want to make it clear market dynamics are shifting from previous cycles before ETF's. People need to manage most of their own crypto from coinbase->Uniswap/Sushi/Pancake/Binance/Kucoin ->coinbase etc. This will still exist on a similar scale, but the ETF BTC will not be doing this and this scale will be large. It will just sit in BTC and likewise for ETH ETF's. People may be wondering this cycle why is BTC pumping as much as some of the alts?!
If you are selectively picking with educated decision making, likely have a good chance still of riding the wave but if you're just randomly buying lowcap stuff, may not get the same results as previous runs. With each cycle, the number of alt coins grows significantly and with the flow of funds changing this time around, we're likely starting to head into a more robust market dynamic (starting, not there yet).
Expect wild wild west still but not as wild as before. Still much fun and gains to be had. If you want be safe and still make good gains, stick with BTC/ETH/LTC, some of the more established and you'll be happy with 10x gains from the bottom.
The way the market is pumping it wouldn't shock me if we have a massive dip in the next two weeks or the end of the monthWhen I see stuff like this, I can't help but feel that there will be massive retail FOMO very soon.
Tether co-founder on why Bitcoin could reach $300k at the peak of the next bull market (youtube.com)
Bitcoin rally will extend to 'summer and beyond': Strategist (youtube.com)
I also noticed that doge and shiba have been pumping super hard over the last couple days. Hard to predict what will happen exactly, but it's possible we either have a very early bull market cycle peak or perhaps we are in an environment that will last well into the end of the year and possibly into next year. With this out of the way, I'm sitting on the sidelines and just going to see how everything else plays out over the coming months. I think it would be foolish to sell right now but I'm also not interested in loading up when I had done so heavily through the 2nd half of 2022 and most of 2023.
With the halving coming up in a little over 1 month + the sheer demand for BTC right now, I just don't see any serious corrections in the near future without some sort of major macro economic stuff going on. A dip of 10-20% is not what I'm talking about, I'm referring to BTC dropping below 50k or even going back down to 40k type stuff.
I don't know, man, there's just so much demand right now with the ETFs and with the halving coming up and retail still fairly absent I don't see that in the cards. I would not be surprised to see this run crazy hot and get way too over priced to where we see a large correction though. This move we've seen has honestly taken months to play out and actually been fairly healthy/expected. Let us see where we are at by the halving.The way the market is pumping it wouldn't shock me if we have a massive dip in the next two weeks or the end of the month
Before we do I see BTC going up to 70K-75K range than a 40-50% correction this is based on my TA, I eat crayons so it's not finacial advice my favorite crayon is the green color
Regardless it's lovely thing to see the market pump and sooo much bullishness, just took some profits been in Shib since 2021. I'm not complaining
It's totally possible we might see this much earlier, who knows though. I believe when, not if, BTC breaks it's previous all time high of 69k, which it is incredibly close to right now btw, we will see some very explosive price discovery. The same thing happened back in late 2020/early 2021. By the holidays BTC had breached it's previous all time high of 20k and within a few months of that was trading at 50k+.I'd love to see a holy hail mary of BTC going all the way to 100K right at Trump's election this year.
I wonder why I keep seeing crypto.com at NBA and UFC games. What is that telling us? I'd think the elites would be hating crypto.It's totally possible we might see this much earlier, who knows though. I believe when, not if, BTC breaks it's previous all time high of 69k, which it is incredibly close to right now btw, we will see some very explosive price discovery. The same thing happened back in late 2020/early 2021. By the holidays BTC had breached it's previous all time high of 20k and within a few months of that was trading at 50k+.
BTC has been getting a lot of media attention lately, but when it starts getting new highs it will be all over the news. In fact, as I'm writing this it's either right at the high of 2021 or within 1% of it.