Where are the bitcoin lovers now?

[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.

 

[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.

 

[Solomon]

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.

Which is fine, listen someone has to lose for someone to win. I know it sucks and that we want everyone to win. These institutions don't play fair and dump on retail with no regard or 2nd thoughts. But I saw so many people back in 2021 jump on the market when it was at the top and no one knew. Typically it takes 2-3 cycles IMO to see people make life-changing gains.

Most people aren't going to put a $100 in a "Pepe" or "Pnut" and walk away with 2 million, yes we see the headlines but let's be honest the chance of that happening are like 0.0002% You have a higher chance of having a 3 some with two onlyfans models without paying for it. Then to hit a $100 parlay for 1 Million plus

If you have been DCAing since 2022 your bags should be packed and snug. BTC is going to rip my TA says 110K-133K within the next month!!!! XRP is going to go up too (going up now) When XRP hits $10 you will not see me on the forum anymore, just assume I'm chilling with some bad eastern Europeans in a nice warm exotic place

Cheers

 

[AAAgent]

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.

given the state of the global economy and the trajectory it's heading on, i don't know if retail is able to fomo in like it has previously.

Agree with @jaygreenb . BTC up due to institutional demand and alts will be cherry picked as retail won't have the same strength it did in previous markets as they struggle to survive.

 

[sangheilios]

given the state of the global economy and the trajectory it's heading on, i don't know if retail is able to fomo in like it has previously.

Agree with @jaygreenb . BTC up due to institutional demand and alts will be cherry picked as retail won't have the same strength it did in previous markets as they struggle to survive.

I think this is very difficult to accurately quantify, but I believe that we will see retail enter in very soon because of the factors I mentioned. There are way more people aware of AND interested in crypto now than what we saw in 2021 and 2017. Combine this with many bullish catalysts I cited earlier, and this is a recipe for a crazy alt season. With this said, I actually agree with your comments about certain alts doing really well this cycle and feel @Solomon mentioned something interesting as well with meme coins, which I'll elaborate a bit more on.

Basically, whatever these crypto youtubers talk about will get a lot of attention. Follow the projects that are getting the most action and that is where most people will flood their money into. I've repeated this on here a million times and discussed this with @jaygreenb but the idea is that retail is not buying in when things are boring or loading up after periods of massive capitulation, such as what happened tail end of 2022 with FTX. No, they are buying in when the market has already left the station and where it's very close to a top, only to get dumped on their heads.

I'll use Cardano/ADA as an example, it's an alt bag that I created this cycle so I have some insight into this. In 2021 it peaked at a little over $3, while in the bear market of 2018-2020 it's range lows were under 10 cents. Anyway, I like to read through the crypto reddit and cardano reddit pages to get some perspective on how retail looks at this particular asset, and there was one interesting trend I found. Basically, the people that were "haters" were essentially buying ADA when it was trading at $2+ in 2021, basically the worst time to have bought back then, and held it through 2022 until it tanked to under 30 cents. It then remained boring through 2023 and didn't even really do anything until fairly recently in 2024. These people sold at heavy losses OR continued holding while being down by 80%+.

You have to realize that people basically become obsessed with coins when they are pumping while ignoring those that are still low because they are seen as boring or "dead". Then when ADA has been pumping like crazy, we went from around 35 cents before the election to almost $1 now, they are obsessed with it. It's a reason why it's getting so much attention on youtube right now and will continue to for a while now.

 

[BackInTheGame78]

Whoa...BTC.D down significantly today...alts are going crazy right now even with BTC down on the day slightly. Most alts up double digits today.

Potential start of alt season? Seems too early in the cycle...will be interesting to see what happens from here.

 

[Bible_Belt]

I'm the biggest btc skeptic here, but it is obviously going over 100k in the short term.

The stock market has been going up a lot too at the same time. My concern would be that I don't think bitcoin has demonstrated an ability to trade independently from the securities markets. When stock market money evaporates, people tend to sell their crypto.

Can bitcoin go up if the stock market goes down? I don't know the answer. I'm happy for anyone doing well and wish everyone here the best of fortunes.

 

[jaygreenb]

I'm the biggest btc skeptic here, but it is obviously going over 100k in the short term.

The stock market has been going up a lot too at the same time. My concern would be that I don't think bitcoin has demonstrated an ability to trade independently from the securities markets. When stock market money evaporates, people tend to sell their crypto.

Can bitcoin go up if the stock market goes down? I don't know the answer. I'm happy for anyone doing well and wish everyone here the best of fortunes.

Certainly possible in the short to mid term, I think more people and institutions are starting to look at as a hedge to current system so may take some of the steam out of the downside. Anyone's best guess though. Not too late to start your own DCA, willingness to change your mind is an admirable trait. The app strike has no fees.]..

 

[Divorced w 3]

Certainly possible in the short to mid term, I think more people and institutions are starting to look at as a hedge to current system so may take some of the steam out of the downside. Anyone's best guess though. Not too late to start your own DCA, willingness to change your mind is an admirable trait. The app strike has no fees.]..

You don’t have a bitcoin account. Practice what you preach.

 

[BackInTheGame78]

You don’t have a bitcoin account. Practice what you preach.

Nobody does...there is no such thing.

 

[Divorced w 3]

Nobody does...there is no such thing.

You know what I mean. Some sort of custody statement.

 

[jaygreenb]

You know what I mean. Some sort of custody statement.

Last time I am addressing this on here, nobody here wants to read this nonsense. Send DM with @BackInTheGame78 on it to verify since I don't think you have any integrity. $200 bet. It is a reasonable solution to my reasonable concerns, otherwise you are just a blubbering coward. I self custody so there is no statement besides some I have in an ETF, have a cold storage wallet balances though I can verify. I'm sure you will make up some excuse though because you are in fact a coward

 

[Divorced w 3]

Last time I am addressing this on here, nobody here wants to read this nonsense. Send DM with @BackInTheGame78 on it to verify since I don't think you have any integrity. $200 bet. It is a reasonable solution to my reasonable concerns, otherwise you are just a blubbering coward. I self custody so there is no statement besides some I have in an ETF, have a cold storage wallet balances though I can verify. I'm sure you will make up some excuse though because you are in fact a coward

Just redact the identifying info and put it on the board. You don’t have any bitcoin and I’m just going continue reminding us all of that at my choosing. Why you may ask? Because you’re just a bully and bullies are typically are the most empty suits in the room. You have nothing. Maybe your chosen DM recipient can verify on here that what I am asking is legit. There’s no reason to hide behind a DM.

 

[BackInTheGame78]

Get ready to board the rocket ship

 

[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

you're printing cash right now, what a run

 

[Solomon]

you're printing cash right now, what a run

I've been telling people about XRP on this forum for years and people thought I was nuts, this thing is going to hit $5-$10 here within 6 months. You've been warned

Toodles

 

[jaygreenb]

I've been telling people about XRP on this forum for years and people thought I was nuts, this thing is going to hit $5-$10 here within 6 months. You've been warned

Toodles

What are you warning me about? lol Just giving credit where its due, happy for you.