Bitcoins - about to hit $5,000 per coin today!

[FitnessFrenzy]

If you had $10,000 to invest into crypto, which projects would you choose?

Ben Armstrong's multiple picks: XRP, ADA, ETH, VET, SOL (He clearly LOVES VeChain & explains why + he did say if he had to drop all $10K into one of them XRP would be it, because although super risky with its lawsuit, it does stand to possibly go parabolic).

HASHOSHI picks: ADA, DOT, COSMOS & EGLD

J_ATX: VET & COO

Justin Williams: LTC & XLM

Again, from where I am sitting, VeChain has no competition (as mentioned in the video and works via supply chain). I think that's the play. I do think Cardano/ADA is fundamentally the best looking crypto given its firm researched foundation and the types of projects they are looking to take part in (Save Africa etc), but their growth pattern might be slow compared to some of the aforementioned pics. I think DOT is attractive and a direct competitor to ADA, could go either way as to who will have market dominance between the two. I think we could very well see ETH take over and dethrone Bitcoin. As long as their fee issues can be ironed out (EIP) and the 2.0 version can bring about improved ease in functionality, ETH will be hard to beat. A lot of institutional money looks to be lining up to pump into ETH.

Thoughts?

"1"

do you personally own any crypto?

[El Diablo Blanco]

If you had $10,000 to invest into crypto, which projects would you choose?

Ben Armstrong's multiple picks: XRP, ADA, ETH, VET, SOL (He clearly LOVES VeChain & explains why + he did say if he had to drop all $10K into one of them XRP would be it, because although super risky with its lawsuit, it does stand to possibly go parabolic).

HASHOSHI picks: ADA, DOT, COSMOS & EGLD

J_ATX: VET & COO

Justin Williams: LTC & XLM

Again, from where I am sitting, VeChain has no competition (as mentioned in the video and works via supply chain). I think that's the play. I do think Cardano/ADA is fundamentally the best looking crypto given its firm researched foundation and the types of projects they are looking to take part in (Save Africa etc), but their growth pattern might be slow compared to some of the aforementioned pics. I think DOT is attractive and a direct competitor to ADA, could go either way as to who will have market dominance between the two. I think we could very well see ETH take over and dethrone Bitcoin. As long as their fee issues can be ironed out (EIP) and the 2.0 version can bring about improved ease in functionality, ETH will be hard to beat. A lot of institutional money looks to be lining up to pump into ETH.

Thoughts?

"1"

Cardano and a long shot with huge upside is LION

[OneMoreRep]

do you personally own any crypto?

Yes. I have 6 altcoins that I invest into and each one has gotten anywhere between $2,000-$5,000 poured into them. I also own a very small position in BitCoin.

"1"

[OneMoreRep]

I held similar opinions about ETH way back in 2018 so it's nice to see you independently arriving to the same conclusion.

I agree that Cardano looks impressive, but it too could eventually run into similar fee issues as ETH. They'll have the benefit of knowing how and what ETH does to solve this and any other issues, but ETH could be too big and too ingrained in the system by then for it to matter.

Still worth holding some Cardano though. Same with DOT.

I think if someone were ballsy, they would go ahead and drop about $70K into Ethereum (at its current price $3,500+/coin) and then sit back and just hold for another 5-10 years. There's a pretty good likelihood that it could become the Bitcoin of tomorrow with a price of $50,000/coin. That's a huge gamble and a lot of money to place on ice that is so damn volatile, but it could make you a millionaire within a 5-10 yr time frame.

That's one approach that I won't take, but could very well work for those that have substantial holdings in Bitcoin and might want a way out before that ship potentially sinks. I don't think BTC is going anywhere for the time being, but it's deaf, blind and dumb and sooner or later a viable replacement will dethrone it and ETH is looking VERY attractive to institutional money.

The safe approach? Take $15-$25K and just diversify into all of the top altcoins in the top 10 and if you want to buy a few fractional positions on BTC then do so.

BTW, the only reason my stance on crypto has changed is because I am almost certain that the US economy is going to crash, to what extent (long term recession vs brutal depression) I don't know. Inflation is coming, Janet Yellen confirmed it and then chickened out of her statements, but it's as clear as day. I am not sure that hyperinflation will ensue, but can we get crazy inflation to the tune of 6-10%? Fuck yeah.

I've purposely diversified my portfolio and maximized my real estate holdings, kept good position in utility stocks and really poured well into Amazon & Walmart. But aside from that angle, I also diversified into cryptos to hedge against incoming inflation. The problem with that in itself is that there are a lot of rumors regarding government regulation of cryptos around the corner (This DOGE shit isn't helping to be honest). Also, if inflation hits and the value of the dollar goes to shit, when you do sell these cryptos, you typically sell for the USD denomination and if the value of the dollar is shit in a few years, hard to tell what's the best angle, but I'm covering all angles.

"1"

[Mayday]

Lol. I am not going off the rails. It is obvious that the dollar is in a hyperinflationary collapse against cryptocurrencies. Obviously I hope we do not see hyperinflation with goods, services and food. But things are ticking up. When I say the dollar is toast I don't mean the next month or year. But its days as it currently exist are numbered.

https://markets.businessinsider.com/news/stocks/us-dollar-crash-high-chance-double-dip-recession-roach-2020-9-1029618113

The US is facing a dollar collapse by the end of 2021 and an over 50% chance of a double-dip recession, economist Stephen Roach says

The US dollar could collapse by the end of 2021 and the economy can expect a more than 50% chance of a double-dip recession, the economist Stephen Roach told CNBC on Wednesday.

The US has seen economic output rise briefly and then fall in eight of the past 11 business-cycle recoveries, Roach said.

Grim second-quarter data cannot be dismissed, he said, pointing out that "the current-account deficit in the United States, which is the broadest measure of our international imbalance with the rest of the world, suffered a record deterioration."

Roach last predicted a crash in the dollar index in June, when it was trading at about 96. He said at the time that it would collapse 35% against other major currencies within the next year or two.

The "seemingly crazed idea" that the US dollar will collapse against other major currencies in the post-pandemic global economy is not so crazy anymore, the economist Stephen Roach told CNBC's "Trading Nation" on Wednesday.

Roach, a former chairman of Morgan Stanley Asia, also said he sees a more than 50% probability of a double-dip recession in the United States.

He based that prediction on historical evidence, saying that in eight of the past 11 business-cycle recoveries economic output has risen briefly and then fallen.

"It's certainly something that happens more often than not," he said.

The large rush in price you are seeing in crypto is the cyclical design dude. Crypto is going to crash like a mofo in the near future just like in 2017-2018.

US has 130% debt to GDP which is still perfectly solvent. Over 300% and that’s when you see solvency issues.

The bond market still has buyers other than the govt so they are not yet performing yield curve control.

The US is not yet at the stage where they have lost control. You still need to see:
*product shortages
*huge price increases in housing costs
*huge increases in food costs (as in price doubles)
*protests over low wages
*protests over lack of jobs
*US debt solvency issues

You won’t see a recession because the data will show GDP increases due to all the QE and stimulus.

Saying the USD will collapse this year is what MR A said would happen in January and it never did just like it won’t by the end of 2021.

Have the exchange rates shifted? No. Has the USD lost it’s place as the world currency? No. Is there a viable alternative to the USD as a world currency now? No.

You wouldn’t want it to collapse this year anyway because it will take all of crypto with it.

[El Diablo Blanco]

Let’s be clear about the crypto mania happening. If it wasn’t for Covid this whole thing never would have happened. Bitcoin , eth, dogs etc would be at way lower prices.  Estimates are anywhere from 10-20% of stimulus money went into crypto.  That’s a lot of money given for free and invested in it

[Mayday]

Let’s be clear about the crypto mania happening. If it wasn’t for Covid this whole thing never would have happened. Bitcoin , eth, dogs etc would be at way lower prices.  Estimates are anywhere from 10-20% of stimulus money went into crypto.  That’s a lot of money given for free and invested in it

A higher than expected price for crypto yes but the cyclical pattern still dictates a parabolic end.

The mania is still part of the cycle, we would just have a price of 30k instead of 60k without the lockdown.

But absolutely the lockdown ignited crypto and it will consume a heck of a lot of money.

[Coffeed]

what's the best site to buy crypto for the least fees if you're a very small time investor? (not robinhood though)

[BossBoss]

Why would you buy anything else when you can buy Doge?
Why would you buy a shitcoin like VeChain when you can buy Doge?

This is what baffles me, i mean we are still very early in the game.
This is not about tech and it never was..you need proof? read this thread from the beginning.

Put 1000$ in Doge today thank me later in three month.
Everybody should hodl at least a tiny amount..

P.s. i will update future Dogecoin prices gib style.

[Flexacon]

Why would you buy anything else when you can buy Doge?
Why would you buy a shitcoin like VeChain when you can buy Doge?

This is what baffles me, i mean we are still very early in the game.
This is not about tech and it never was..you need proof? read this thread from the beginning.

Put 1000$ in Doge today thank me later in three month.
Everybody should hodl at least a tiny amount..

P.s. i will update future Dogecoin prices gib style.

I'm not in this to make tens of thousands or even a few 100k in a short space of time. Sure that would be nice, but realistically that kinda money wouldn't change my life as I'm already pretty comfortable. I'm after high 7 figures minimum or nothing and the best chance for that happening is by finding the most legitimate crypto assets and going long.

[obsidian]

I'm not in this to make tens of thousands or even a few 100k in a short space of time. Sure that would be nice, but realistically that kinda money wouldn't change my life as I'm already pretty comfortable. I'm after high 7 figures minimum or nothing and the best chance for that happening is by finding the most legitimate crypto assets and going long.

And that just might be Dog money lol! I heard it is the new stablecoin... 

[obsidian]

Why would you buy anything else when you can buy Doge?
Why would you buy a shitcoin like VeChain when you can buy Doge?

This is what baffles me, i mean we are still very early in the game.
This is not about tech and it never was..you need proof? read this thread from the beginning.

Put 1000$ in Doge today thank me later in three month.
Everybody should hodl at least a tiny amount..

P.s. i will update future Dogecoin prices gib style.

It is a little about tech. If I go to a coffee shop and buy a drink my credit card transaction is not finalized until about a day later. It shows a temporary balance on my statement. With cryptos this could be instantaneous.

There is going to come a point where you will pay for something on your phone and the other guy gets it immediately. Kind of the way airdrop on the iPhone allows you to send photos from one iPhone to another by just holding them side by side.

But I agree. The millions of potential retail investors don't know about vechain and could care two shit about it. All they will know about is Dog Coin! And see that it has mooned.

[obsidian]

I am trolling a bit. It sounds like Vechain has huge potential. I bought it back in 2018. Still have it and getting staking rewards.

[Mayday]

I'm not in this to make tens of thousands or even a few 100k in a short space of time. Sure that would be nice, but realistically that kinda money wouldn't change my life as I'm already pretty comfortable. I'm after high 7 figures minimum or nothing and the best chance for that happening is by finding the most legitimate crypto assets and going long.

This.

When you get to 7 figures the willingness to YOLO into a piece of shit with high risk high return dwindles.

Although if the suit case TV game show is anything to go by, the vast majority will YOLO.

[obsidian]

what's the best site to buy crypto for the least fees if you're a very small time investor? (not robinhood though)

Binance is pretty low. If you are in USA go to binance.us. It will take time to be approved so you won't be able to buy immediately.

[obsidian]

The large rush in price you are seeing in crypto is the cyclical design dude. Crypto is going to crash like a mofo in the near future just like in 2017-2018.

US has 130% debt to GDP which is still perfectly solvent. Over 300% and that’s when you see solvency issues.

The bond market still has buyers other than the govt so they are not yet performing yield curve control.

The US is not yet at the stage where they have lost control. You still need to see:
*product shortages
*huge price increases in housing costs
*huge increases in food costs (as in price doubles)
*protests over low wages
*protests over lack of jobs
*US debt solvency issues

You won’t see a recession because the data will show GDP increases due to all the QE and stimulus.

Saying the USD will collapse this year is what MR A said would happen in January and it never did just like it won’t by the end of 2021.

Have the exchange rates shifted? No. Has the USD lost it’s place as the world currency? No. Is there a viable alternative to the USD as a world currency now? No.

You wouldn’t want it to collapse this year anyway because it will take all of crypto with it.

A lot of people are worried about inflation. Hyperinflation changes the game. Cryptos will not drop in value when fiat currencies are collapsing in value.

http://economiccollapsenews.com/2021/05/03/bank-of-america-warns-of-transitory-hyperinflation-ahead/

Is the United States about to go through hyper-inflation?

The Bank of America recently unveiled a stunner during its earnings call that suggested the nation is in store for “transitory hyperinflation.”

The financial institution wrote:

“On an absolute basis, [inflation] mentions skyrocketed to near record highs from 2011, pointing to at the very least, ‘transitory’ hyper-inflation ahead.”

When even the Wall Street titans are sounding not just inflation but hyperinflation, it is time to hang onto your gold, bitcoin, barrels of oil, and soup cans.

It is going to be a bumpy year.

But remember: there is no inflation if you don’t eat, live under a roof, seek medical care, or wear clothing.

[obsidian]

Interesting video...

[Bindare_Dundat]

Interesting video...

Cuban has one of the world's most punchable faces. Id give half my BTC stack if I could kick the shit out of him. He's a crypto illiterate that milking the lot of you for his own selfish reasons. He doesn't give a fuck how it effects the crypto environment once his pockets are filled.


Pay attention to what the SEC has been saying lately. It won't end well for many holding shit like doge.
Yoi are in daydream land if you don't think the hammer is coming and its coming sooner rather than later. You can thank yourselves later for pushing this shitcoin like you guys have.

Let it go.

[Mayday]

A lot of people are worried about inflation. Hyperinflation changes the game. Cryptos will not drop in value when fiat currencies are collapsing in value.

http://economiccollapsenews.com/2021/05/03/bank-of-america-warns-of-transitory-hyperinflation-ahead/

Is the United States about to go through hyper-inflation?

The Bank of America recently unveiled a stunner during its earnings call that suggested the nation is in store for “transitory hyperinflation.”

The financial institution wrote:

“On an absolute basis, [inflation] mentions skyrocketed to near record highs from 2011, pointing to at the very least, ‘transitory’ hyper-inflation ahead.”

When even the Wall Street titans are sounding not just inflation but hyperinflation, it is time to hang onto your gold, bitcoin, barrels of oil, and soup cans.

It is going to be a bumpy year.

But remember: there is no inflation if you don’t eat, live under a roof, seek medical care, or wear clothing.

So you think the USD collapses inside the next 7 months.

I dismantled Mr A with all his nonsense talk on this exact topic and Last year he claimed the USD would collapse by January 2021 😂

We will probably be ballpark 2028 when we are experiencing a large amount of pain in society.

My fuel is up 10% from last year. Bugger all. Hyperinflation because fuel is up 10% lol?  Wake me when we double and triple.

[FitnessFrenzy]

doge so close to being the 3rd biggest crypto 

[FitnessFrenzy]

[Griffith]

BTC getting ready to pump 

[obsidian]

So you think the USD collapses inside the next 7 months.

I dismantled Mr A with all his nonsense talk on this exact topic and Last year he claimed the USD would collapse by January 2021 😂

We will probably be ballpark 2028 when we are experiencing a large amount of pain in society.

My fuel is up 10% from last year. Bugger all. Hyperinflation because fuel is up 10% lol?  Wake me when we double and triple.

The dollar has been collapsing for decades. What was the buying power of the dollar 50 years ago compared to today? When I say the dollar is collapsing I mean the buying power reduces as time goes on.

Things are more expensive across the board. And not just the USA but Australia, UK etc. They are blaming Covid for this but perhaps this is the new normal. Banks also offer pathetic savings interest rates. You can't leave dollars in a bank account because it loses value and does not earn any significant interest, certainly less than the inflation rate. That's why Max Keiser is saying cash is trash. So why would people exit the crypto market causing a collapse of the prices when cash is trash?

[obsidian]

BTC getting ready to pump 

We need BTC to pump to at least a new ATH or more. I want to see Bitcoin do well lol! I don't have BTC yet. Waiting for alts to gain on it more before I make my entry back into it.

[Flexacon]

Here's how I see (hope) it going. Bitcoin to a ATH within 2 weeks, ETH to 5K by the end of the month, Alt coins in general peaking 2 weeks into June and then a summer correction for everything. Enjoy the gains!