Where are the bitcoin lovers now?

[jaygreenb]

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

 

[Solomon]

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

I don't want you to miss out, I'm gonna need a wingman if I'm going to the Maldives with 6 centerfolds lmfaooo

 

[sangheilios]

I don't want you to miss out, I'm gonna need a wingman if I'm going to the Maldives with 6 centerfolds lmfaooo

you're printing cash right now, what a run

This is about the worst time you could be buying XRP IF you don't already have a bag. It's basically flirting with the previous ATH range and already pumped massively. A market cap of 600 billion, well past what ETH peaked at, would give this particular coin a roughly $10 price. Unless you want to speculate that it's going to blow well past this, this ship has already sailed and there are better opportunities. The reality is that retail will FOMO into this coin now because of the action/attention it's receiving. I'm starting to see this all over crypto youtube now and I know a ton of people are going to get wrecked, it further validates the point I've been repeating on here lately that we will continue to have market cycles, periods of over hype/euphoria followed by a heavy sell side pressure.

ADA did very well around the election and is slowly climbing.

A huge one though is XLM, it basically rocketed out of obscurity and is nearing the top 10. HBAR and Algorand are also doing extremely well. Interesting trend is that it's all OG coins, ADA and XRP were big way back in the 2017 run. ETH is surprisingly very boring right now.

 

[jaygreenb]

I don't want you to miss out, I'm gonna need a wingman if I'm going to the Maldives with 6 centerfolds lmfaooo

Ha! appreciate it, we both know better than to chase pumps in crypto though. Got to be in it first, you played it well. I'm just about at retirement level now, this bull market should seal the deal. Meet you in Maldives brother

 

[jaygreenb]

This is about the worst time you could be buying XRP IF you don't already have a bag. It's basically flirting with the previous ATH range and already pumped massively. A market cap of 600 billion, well past what ETH peaked at, would give this particular coin a roughly $10 price. Unless you want to speculate that it's going to blow well past this, this ship has already sailed and there are better opportunities. The reality is that retail will FOMO into this coin now because of the action/attention it's receiving. I'm starting to see this all over crypto youtube now and I know a ton of people are going to get wrecked, it further validates the point I've been repeating on here lately that we will continue to have market cycles, periods of over hype/euphoria followed by a heavy sell side pressure.

ADA did very well around the election and is slowly climbing.

A huge one though is XLM, it basically rocketed out of obscurity and is nearing the top 10. HBAR and Algorand are also doing extremely well. Interesting trend is that it's all OG coins, ADA and XRP were big way back in the 2017 run. ETH is surprisingly very boring right now.

Retail is definitely starting to pay attention again, getting sent a ton of tik tok and Instagram videos from randoms again lol XRP to 10k+ is a major theme of them, retail going to get smoked again haha Hoping to get a nice pump on my OG ada and link bags, have a feeling ETH is going to get its shine in the not too distant future. It really is whatever can catch the attention/hype wave

 

[sangheilios]

Retail is definitely starting to pay attention again, getting sent a ton of tik tok and Instagram videos from randoms again lol XRP to 10k+ is a major theme of them, retail going to get smoked again haha Hoping to get a nice pump on my OG ada and link bags, have a feeling ETH is going to get its shine in the not too distant future. It really is whatever can catch the attention/hype wave

I distinctly recall last cycle and how the overall market just pumped as a collective whole. This cycle is very different, at least from my point of view. People were obsessed about Solana in 2023 and for most of this year, 2024. Then around the election the market started pumping, BTC and ADA got all the attention. Over the last few weeks, those two consolidated while XRP, XLM and HBAR recently have been raging hard lol.

I think we are still early in the bull run BUT retail is now starting to enter into the space. One thing I am prepared for though is the possibility this peaks much sooner than we may be prepared for. Last cycle, 2020-2021, the market was still cheap in October '20, BTC was at 10k and ETH was around $400-$500 or so. 6 months later BTC was 50k+ and ETH was trading at around 4k. This can happen so fast seemingly out of nowhere that people aren't really prepared and basically get stuck holding the bags.

As for XRP specifically, it's been in the top 10 for years but literally didn't do much, even now it's still only around ATH from quite a while ago, 2017/2018. Meanwhile, you could have easily surpassed this just by buying BTC during that entire time, the safest project in this asset class.

 

[jaygreenb]

I distinctly recall last cycle and how the overall market just pumped as a collective whole. This cycle is very different, at least from my point of view. People were obsessed about Solana in 2023 and for most of this year, 2024. Then around the election the market started pumping, BTC and ADA got all the attention. Over the last few weeks, those two consolidated while XRP, XLM and HBAR recently have been raging hard lol.

I think we are still early in the bull run BUT retail is now starting to enter into the space. One thing I am prepared for though is the possibility this peaks much sooner than we may be prepared for. Last cycle, 2020-2021, the market was still cheap in October '20, BTC was at 10k and ETH was around $400-$500 or so. 6 months later BTC was 50k+ and ETH was trading at around 4k. This can happen so fast seemingly out of nowhere that people aren't really prepared and basically get stuck holding the bags.

As for XRP specifically, it's been in the top 10 for years but literally didn't do much, even now it's still only around ATH from quite a while ago, 2017/2018. Meanwhile, you could have easily surpassed this just by buying BTC during that entire time, the safest project in this asset class.

I think part of it is the secret is out with alts, you have to take profits, so you are getting larger holders with experience pulling the trigger sooner since they don't want to go through with roundtripping again. That is certainly how I am looking at my alt bags, going to DCA out of them on any pumps.

In my opinion, the change in the market dynamics is with BTC. You are now going to have an increasing constant base level of demand coming from Saylor, corp entities, institutions and govts. The sentiment has also changed on this is something you just hold and not try and trade/market time. Certainly possible we get increases in waves then a shorter correction then another wave up. Imagine we have some level of alt seasons attached to those waves up too.

 

[sangheilios]

I think part of it is the secret is out with alts, you have to take profits, so you are getting larger holders with experience pulling the trigger sooner since they don't want to go through with roundtripping again. That is certainly how I am looking at my alt bags, going to DCA out of them on any pumps.

In my opinion, the change in the market dynamics is with BTC. You are now going to have an increasing constant base level of demand coming from Saylor, corp entities, institutions and govts. The sentiment has also changed on this is something you just hold and not try and trade/market time. Certainly possible we get increases in waves then a shorter correction then another wave up. Imagine we have some level of alt seasons attached to those waves up too.

Yeah, those are my thoughts with BTC as well. However, I do believe the market will have period of over and undervaluation, but with BTC specifically the volatility will be greatly diminished. I think this cycle we see BTC peak around 130-160k or so, I'd be very surprised to see it go past 200k. We then tank to maybe 65-75k or somewhere around that area. My counter to it constantly going up year to year is to look at what happened this year with the ETFs. Despite the ETF inflows, we still saw BTC peak around 75k and then plummet to 48k this past August. I believe we will continue to see this type of action, but with volatility being reduced. At the end of the day, going from 75k to 48k at the BOTTOM is really not that big of a deal in the crypto space. Hell, even with the bear market of 2022 we went from a peak of 69k to a bottom of 16.5k, and that was after a huge streak of insane catalysts (Terra Luna, Celsius, FTX, etc.).

As for alts, I think this has always been a factor but since the market cap of the asset class is greater the volatility isn't quite as intense as it used to be. Only a very small number of people have enough invested to where it's really that big of a deal. I guarantee 90%+ of retail investors that entered in 2021 or in this cycle invested no more than $2000-$3000, as this is actually a lot of money for most people and not something they will throw into an asset class they are unfamiliar with. They also buy in at less than ideal times, so it's not like they invest 2k and watch it take off to 30k lol. Most people are investing low 4 figures or 3 figures, maybe they see it go up a tad and then they slowly watch it retrace and they start selling at losses, which is what ultimately leads to the market selling off further. Stuff like what is happening right now with XRP is a fantastic example, people weren't buying when it was at 50 cents and under, they are buying when it's already pumped. I think this type of narrative will remain in the alt space because the projects with bigger market caps (BTC, ETH, etc.) will not see the kind of volatility to attract this type of attention.