Author Topic: Bitcoins - about to hit $5,000 per coin today! (Read 758157 times)

Mayday · « **Reply #5750 on:** April 11, 2021, 06:57:05 PM »

Quote from: OneMoreRep on April 11, 2021, 06:06:25 PM

I can see that. To that point, I think the most serious altcoin is Cardano. Created by one of the founders of Ethereum and with some serious plans for scaling.

The others are very risky and highly speculative. Anyone's guess as to which one will truly survive.

"1"

Probably not what you want to hear but The ‘SS spastic crazy returns’ boat left the dock 9 months ago.

BTC will 5x from here with low risk.

I’m only in alts for a little While longer before I dump just like the whales.

OneMoreRep · « **Reply #5751 on:** April 11, 2021, 07:00:02 PM »

Quote from: gib on April 11, 2021, 06:23:31 PM

Yes, agree. But I would add its never too late to HODL. If you have clients asking about crypto investing, I would be very very careful advising on any alt. Remember you main aim should be to preserve wealth, and generate the most likely return in proportion to minimum risk.

Regarding my clients, remember I'm an Accountant (CPA), not a financial advisor, so technically I can't give out financial advice (just limited financial advice).

Now, when close friends (whom I do taxes for) ask what they should do in terms of crypto investments, I suggest that no more than 10-15% of their portfolio should be invested into crypto. As a store of wealth and possible hedge against inflation of the USD, I suggest BitCoin as it does provide better ROI than many other types of investment. The major con of course is the volatility when it comes to BTC, but it's looking more and more promising with larger institutions coming into the picture.

"1"

Bindare_Dundat · « **Reply #5752 on:** April 11, 2021, 07:34:55 PM »

Cardano is a great play and I'm grabbing more and am staking as well. Ill be holding on to cardano for a long time.
Love the deadalus wallet as well.

Go for it. I respect gib and Mayday but I'm not a fan of the btc maximallists mentality.

Crypto works in cycles. Money flows from btc to the major alts and down to lower cap crypto. Then the cycle repeats itself. This time won't be any different. Look at some the explosive growth of some of the alts. Insane %. You could never make as much money or as quickly just holding some Satoshi at this price in the same.time frame.

Mayday · « **Reply #5753 on:** April 11, 2021, 09:36:01 PM »

I hold more in alt coins than I do BTC so I’m hardly a BTC maximalist.

I understand monetary systems, inflation and deflation. BTC falls into that area. It’s my bet against the money supply which I track and follow closely. I understand why BtC has a value, whereas I don’t know why alts have a value or what it’s supposed to be.

stating one couldn’t possibly make as much buying BTC doesn’t factor in risk/odds. That is penny stock level of thinking. If BTC market share goes up 10% it means 1 coin gained all that value. If alt coin market share goes up 10% it means the increase was divided among 6,999 coins. Hopefully people pick well.......

Bindare_Dundat · « **Reply #5754 on:** April 11, 2021, 11:52:56 PM »

60,820

Bindare_Dundat · « **Reply #5755 on:** April 11, 2021, 11:56:11 PM »

Quote from: Mayday on April 11, 2021, 09:36:01 PM

I hold more in alt coins than I do BTC so I’m hardly a BTC maximalist.

I understand monetary systems, inflation and deflation. BTC falls into that area. It’s my bet against the money supply which I track and follow closely. I understand why BtC has a value, whereas I don’t know why alts have a value or what it’s supposed to be.

stating one couldn’t possibly make as much buying BTC doesn’t factor in risk/odds. That is penny stock level of thinking. If BTC market share goes up 10% it means 1 coin gained all that value. If alt coin market share goes up 10% it means the increase was divided among 6,999 coins. Hopefully people pick well.......

ADA 1q returns are over 550%

BTC 1q returns. 110%

Bindare_Dundat · « **Reply #5756 on:** April 12, 2021, 12:20:24 AM »

gib · « **Reply #5757 on:** April 12, 2021, 12:29:31 AM »

New ATH looks likely on Coinbase listing this Wednesday.

(Poor old Mr Anabolic...)

Bindare_Dundat · « **Reply #5758 on:** April 12, 2021, 12:41:54 AM »

Quote from: gib on April 12, 2021, 12:29:31 AM

New ATH looks likely on Coinbase listing this Wednesday.

(Poor old Mr Anabolic...)

Yes but what happens after that? We just hit 61.4 on bybit. Wonder how bad the drop will be after Wed. before things pick back up?

FitnessFrenzy · « **Reply #5759 on:** April 12, 2021, 02:38:45 AM »

What a spectacular bull run we are seeing in XRP and binance coin. I read up on binance coin and it makes sense why it is going up in value. I don't know anything about XRP.

FitnessFrenzy · « **Reply #5760 on:** April 12, 2021, 03:01:31 AM »

Mayday · « **Reply #5761 on:** April 12, 2021, 03:24:13 AM »

Quote from: FitnessFrenzy on April 12, 2021, 02:38:45 AM

What a spectacular bull run we are seeing in XRP and binance coin. I read up on binance coin and it makes sense why it is going up in value. I don't know anything about XRP.

BNB is solid. I’m heavy on that one and it’ll end up being some big monster of a coin.

obsidian · « **Reply #5762 on:** April 13, 2021, 01:25:12 AM »

Quote from: Mayday on April 12, 2021, 03:24:13 AM

BNB is solid. I’m heavy on that one and it’ll end up being some big monster of a coin.

Only thing is the centralization might be an issue in the future. Being censorship resistant is the whole point of crypto.

Binance CEO calls for censorship of cryptocurrency news sites - should or not?
https://notref.com/binance-ceo-calls-for-censorship-of-cryptocurrency-news-sites-should-or-not

Anonymous developers are attempting to test BSC's decentralization by launching controversial and insensitive projects on the network.
https://cryptobriefing.com/controversial-game-puts-binance-smart-chain-test/
Tiananmen Square Immortalized on Binance Smart Chain
BSC Games Based on Slavery, Violence

gib · « **Reply #5763 on:** April 13, 2021, 01:39:59 AM »

Quote from: Mr Anabolic on September 04, 2017, 06:40:41 AM

Your posts here have demonstrated a total ignorance for real value, market cycles and asset bubbles.

Good luck anyway.

Thank you @MrAnabolic.

Oh, and $62,000....

Bindare_Dundat · « **Reply #5764 on:** April 13, 2021, 02:10:14 AM »

I've been thinking about taking some profit on my btc because I dont want to go throug what happened the last cycle.

Anyone doing that now, or are you just hodling? Any suggestions? Should I start to incrementally take out my initial capital or keep riding this further into the summer?

Admittedly I'm bring greedy right now and dont want to give up anything to squeeze out any future pptential profits as much as i can but I dont wanna screw myself either.

FitnessFrenzy · « **Reply #5765 on:** April 13, 2021, 07:50:01 AM »

$ 63,000.55

LurkerNoMore · « **Reply #5766 on:** April 13, 2021, 08:01:53 AM »

I'm not reading a gazillion pages on this thread. But any dogecoin fans on board?

I assume most of you are purchasing through Robinhood?

Theoak* · « **Reply #5767 on:** April 13, 2021, 09:57:52 AM »

Quote from: Humble Narcissist on April 11, 2021, 09:25:05 AM

Moving an asset that is increasing in value is smart when the asset is Unicorn farts.

There are over 40000 publically traded companies, only 32 have btc on their balance sheet.

Have fun staying poor.

Humble Narcissist · « **Reply #5768 on:** April 13, 2021, 10:22:54 AM »

Quote from: Theoak* on April 13, 2021, 09:57:52 AM

There are over 40000 publically traded companies, only 32 have btc on their balance sheet.

Have fun staying poor.

I'm not poor and I certainly wouldn't be richer with Bitcoin. The Bitcoin millionaires are the most delusional people since the MLM craze.

Bindare_Dundat · « **Reply #5769 on:** April 13, 2021, 11:12:06 AM »

Mayday · « **Reply #5770 on:** April 13, 2021, 02:07:53 PM »

Quote from: Bindare_Dundat on April 13, 2021, 02:10:14 AM

I've been thinking about taking some profit on my btc because I dont want to go throug what happened the last cycle.

Anyone doing that now, or are you just hodling? Any suggestions? Should I start to incrementally take out my initial capital or keep riding this further into the summer?

Admittedly I'm bring greedy right now and dont want to give up anything to squeeze out any future pptential profits as much as i can but I dont wanna screw myself either.

Life happens along the way. Nothing wrong with taking profit.

Bevo · « **Reply #5771 on:** April 13, 2021, 06:45:00 PM »

Quote from: LurkerNoMore on April 13, 2021, 08:01:53 AM

I'm not reading a gazillion pages on this thread. But any dogecoin fans on board?

I assume most of you are purchasing through Robinhood?

I have 4 million dogecoins bought when it was 0.00334 cents

Mayday · « **Reply #5772 on:** April 13, 2021, 07:30:29 PM »

Quote from: Humble Narcissist on April 13, 2021, 10:22:54 AM

I'm not poor and I certainly wouldn't be richer with Bitcoin. The Bitcoin millionaires are the most delusional people since the MLM craze.

Interesting that anti Bitcoin people are at the point where making 6x is the new making no money?

LurkerNoMore · « **Reply #5773 on:** April 13, 2021, 08:52:24 PM »

Quote from: Bevo on April 13, 2021, 06:45:00 PM

I have 4 million dogecoins bought when it was 0.00334 cents

Your opinion on purchasing now?

gib · « **Reply #5774 on:** April 13, 2021, 09:26:33 PM »

COINBASE LISTING TODAY!!! WHAT AN EPIC MOMENT FOR BITCOIN!