Getbig Main Boards > Gossip & Opinions
Bitcoins - about to hit $5,000 per coin today!
Flexacon:
--- Quote from: Mayday on June 12, 2023, 02:43:21 AM ---XrP bag holders talk non-stop how it’ll go to number one. Im not convinced a total failure last cycle means it goes to number 1 in the next.
This is the last ATH for close to 20yrs. 98% will fuck up the exit and be late. We are not hitting 100k.
After watching that ‘Arnold’ series yesterday I’m pretty sure I’m an NPC so im Doomed regardless of what I think lol 😂
--- End quote ---
I'm not confident on XRP, but stranger things have happened.
Anyway this is how you should feel. I felt the same last cycle. I thought it would take another 10 years to reach a 20k again. Everyone needs to feel like it's all over, everyone who isn't directly involved in development needs to leave crypto, alts need to drop 98%. Btc dominance needs to rocket whilst its USD value drops. After all this happens you might still need to wait a few more months.
It should feel like you're making a terrible decision if and when you decide to get involved again. Every time you check crypto news it should make you wanna sell, but you don't. Just write the money off and leave crypto. You either lose it all or x10 it.
Griffith:
Bank of China investment arm issues tokenized notes on Ethereum
BOCI, an investment arm of the Bank of China, issued tokenized notes in Hong Kong, marking the first time that a financial institution in China has issued a digital note in the region.
UBS partnered with BOCI to issue the notes, which were tokenized on the Ethereum blockchain. BOCI issued 200 million Chinese yuan worth of notes, which translates to roughly $28 million.
”Working together with UBS, we are driving the simplification of digital asset markets and products, for customers in Asia Pacific through the development of blockchain-based digital structured products, designed specifically for customers in Asia Pacific. We are encouraged by the evolution of Hong Kong’s digital economy and are committed to promoting the digital transformation and innovative development of Hong Kong’s financial industry,” said Ying Wang, deputy CEO at BOCI.
Hong Kong is working toward becoming a crypto hub, with Paul Chan Mo-po, the financial secretary, previously saying that Hong Kong will be embracing regulation.
“The virtual asset market has fluctuated greatly, and some virtual asset exchanges have closed down recently, which makes some people in the society doubt the prospects of Web3. However, we believe this is the right time to push Web3 forward,” he said in a blog post.
The special administrative region lifted its crypto retail trading ban this month and has encouraged crypto exchanges to seek licenses in the region.
The Securities and Futures Commission established exchange guidelines — and firms such as Huobi, OKX and BitMEX have expressed intentions to apply for a Hong Kong license.
Johnny Ng, a Hong Kong legislator, has even invited Coinbase to establish a Hong Kong hub after the SEC sued the exchange last week.
https://blockworks.co/news/boc-investment-arm-tokenized-notes
Flexacon:
China money printer was unfortunately a big disappointment (lol @china ever becoming number 1) China money might take a while before it has an impact on crypto prices.
UK/London is opening up for crypto and blockchain technologies.
https://www.ft.com/content/9c45bef1-3496-4218-9dd3-e9922a55fdee
Theoak*:
--- Quote from: Mayday on June 12, 2023, 02:43:21 AM ---XrP bag holders talk non-stop how it’ll go to number one. Im not convinced a total failure last cycle means it goes to number 1 in the next.
This is the last ATH for close to 20yrs. 98% will fuck up the exit and be late. We are not hitting 100k.
After watching that ‘Arnold’ series yesterday I’m pretty sure I’m an NPC so im Doomed regardless of what I think lol 😂
--- End quote ---
Out of all the autistic/ADHD predictions you've made, this one takes the cake.
Once regulatory clarity has been introduced for the big boys to safely invest then you will see allocation from pension funds, wealth management, hedges etc. Retail aren't moving the needle on btc. Big money know QE is not stopping anytime soon and scarce verifiable assets will be at the forefront of capital allocation. Even 1% to 2% will shoot btc straight last 6 figures. It won't take 20years for that to happen.
As for your shitcoin seasons im sure there will be another, crypto industry is what 100million users out of 7 billion people? There's a sucker born every minute, next cycle will see a whole knew group of retards freshly minted looking to get in on the next centralised token that will afford them a lambo. The only difference is, hopefully you'll be privy to the shannanigans.
Mayday:
--- Quote from: Theoak* on June 12, 2023, 05:46:16 PM ---Out of all the autistic/ADHD predictions you've made, this one takes the cake.
Once regulatory clarity has been introduced for the big boys to safely invest then you will see allocation from pension funds, wealth management, hedges etc. Retail aren't moving the needle on btc. Big money know QE is not stopping anytime soon and scarce verifiable assets will be at the forefront of capital allocation. Even 1% to 2% will shoot btc straight last 6 figures. It won't take 20years for that to happen.
As for your shitcoin seasons im sure there will be another, crypto industry is what 100million users out of 7 billion people? There's a sucker born every minute, next cycle will see a whole knew group of retards freshly minted looking to get in on the next centralised token that will afford them a lambo. The only difference is, hopefully you'll be privy to the shannanigans.
--- End quote ---
:D
I fell for all the narratives too. Listened to all the gurus and people smarter than me but it was all BS which really sucked.
Before the last cycle when I had zero knowledge of Bitcoin, I had BTC at 55k. We hit 64k. Targets were 220k+ from the narratives. I have ballpark 80k now embracing my spasticity and narratives are 550k and 1M is also making a name for itself.
The other thing is the peak cycle timing can now move because of the low price target. November 2024. Sure, hate it all you want but it’s backed by numbers so it’s on the table. If price is 80k by November 2024 and everyone is saying how 2025 will get to 500k, it’s probably cooked.
Regulation was always coming and is needed. But it lowers volatility, Case in point We experienced the largest money printing of our lifetime and gold moved up +20%. hedge funds were all through Bitcoin this in 2020 like crazy, you are repeating a narrative from 3yrs ago. Pension funds won’t touch anything with volatility like this because they prefer a +2% yield to avoid a -2% drop in value. Forget it, old narrative again.
if you are upset at the guy calling for 80k rather than people calling for 500k+ then you don’t have enough in and are praying for unicorns and rainbows to bail you out.
Gold but wait 2 decades for a week period at an ATH. Why should crypto be any different? Saylor said it’s digital gold.
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