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

[Bindare_Dundat]

I pondered many scenarios, one was what if they rounded out the parabolic run. I just don’t post too much on here otherwise I’d have my own 300 page thread with just my in it lol.

Seasonality is just that, a period of time with a range and then it reverts back.

Who's "they"?

[SOMEPARTS]

The only thing that could be worse it to not know where it came from or what backs it...uh whoops.




Also, why post a picture of physical coins? Aren't those barbarous relics? Why would one need to associate binary ledger with physical metals? 

[Mayday]

Who's "they"?

Anyone with a bigger bank roll than those posting that  they have a big bank roll.

Crypto is illiquid therefore easily manipulated.

[polychronopolous]

There's going to be another decent sized rally at some point. That's the way I have it charted out. Of course, anything could happen but it doesn't matter either way for me.

If I have to wait 3 years, ill wait. If it never comes, oh well.

Why aren't you shorting? I am, right now. Lol 37,341 entry.

Wait 3 years for WHAT?

Irrational, speculative action on a bunch of stupid shitcoins?

Your placing money on these "crypto coins" was never based on any level of fundamental evaluation whatsoever.

Go to a casino and place bets on some random roulette numbers if you really need to scratch that itch.

Bitcoin is the only one that matters. It is the one with the revolutionary monetary properties.

Bitcoin will eventually have every single hater in this thread looking themselves in the mirror and admitting that they let their foolish pride get the best of them. They should have bought(and held) when they had the information punching them squarely between the eyes.

The smartest people in this sector simply buy and HOLD Bitcoin folks. It really is that simple.

[Mayday]

Bitcoin making 97% more poor…….

97% want get rich quick. BTC is get rich quick followed by get poor quick. That’s the reality of outcome.

HoDL made a number of guys in here very wealthy.

[gib]

Wait 3 years for WHAT?

Irrational, speculative action on a bunch of stupid shitcoins?

Your placing money on these "crypto coins" was never based on any level of fundamental evaluation whatsoever.

Go to a casino and place bets on some random roulette numbers if you really need to scratch that itch.

Bitcoin is the only one that matters. It is the one with the revolutionary monetary properties.

Bitcoin will eventually have every single hater in this thread looking themselves in the mirror and admitting that they let their foolish pride get the best of them. They should have bought(and held) when they had the information punching them squarely between the eyes.

The smartest people in this sector simply buy and HOLD Bitcoin folks. It really is that simple.

Agree. So simple. Yet ironically so hard for so many to do.

[Bindare_Dundat]

Wait 3 years for WHAT?

Irrational, speculative action on a bunch of stupid shitcoins?

Your placing money on these "crypto coins" was never based on any level of fundamental evaluation whatsoever.

Go to a casino and place bets on some random roulette numbers if you really need to scratch that itch.

Bitcoin is the only one that matters. It is the one with the revolutionary monetary properties.

Bitcoin will eventually have every single hater in this thread looking themselves in the mirror and admitting that they let their foolish pride get the best of them. They should have bought(and held) when they had the information punching them squarely between the eyes.

The smartest people in this sector simply buy and HOLD Bitcoin folks. It really is that simple.

Man, a few of you sound salty as fuck. Lol
Watching the value slip away everyday and not gaining any traction as of late must be really taking its toll.

[Griffith]

Wait 3 years for WHAT?

Irrational, speculative action on a bunch of stupid shitcoins?

Your placing money on these "crypto coins" was never based on any level of fundamental evaluation whatsoever.

Go to a casino and place bets on some random roulette numbers if you really need to scratch that itch.

Bitcoin is the only one that matters. It is the one with the revolutionary monetary properties.

Bitcoin will eventually have every single hater in this thread looking themselves in the mirror and admitting that they let their foolish pride get the best of them. They should have bought(and held) when they had the information punching them squarely between the eyes.

The smartest people in this sector simply buy and HOLD Bitcoin folks. It really is that simple.

 

[Bindare_Dundat]

Bitcoin making 97% more poor…….

97% want get rich quick. BTC is get rich quick followed by get poor quick. That’s the reality of outcome.

HoDL made a number of guys in here very wealthy.

Up 114%  on my short bro.

Edit. Lmao just got stopped out . Big candle in the 15 took me out . Spoke too soon. Still a nice win. I'm happy.

[French]

Also, why post a picture of physical coins? Aren't those barbarous relics? Why would one need to associate binary ledger with physical metals? 

Just to vizualize, most of people don't believe or trust what they can't see.
Crypto have a reality and an utility.
Bitcoin is the mother of the crypto coins but not necessarily the one that will subsist.

[Mayday]

Up 114%  on my short bro.

Edit. Lmao just got stopped out . Big candle in the 15 took me out . Spoke too soon. Still a nice win. I'm happy.

LOL it happens.

I was going to short ADA but didn’t get the chance to sit down properly.

Why don’t you short some Doge? Easy pickings there down to 0.30.

Short it now so you can purge your hate and forgivr your future self when you purchase it lol. I know you will mofo 😂

[Bindare_Dundat]

LOL it happens.

I was going to short ADA but didn’t get the chance to sit down properly.

Why don’t you short some Doge? Easy pickings there down to 0.30.

Short it now so you can purge your hate and forgivr your future self when you purchase it lol. I know you will mofo 😂

Lol

[Theoak*]

Man, a few of you sound salty as fuck. Lol
Watching the value slip away everyday and not gaining any traction as of late must be really taking its toll.

Salty? He said buy and hodl btc. Not buy and gamble.  I can understand if he was playing the market he would be salty, but nothing he said gave that indication. 

These influencers are conning people with their paywalls and bs TA thinking btc adheres to their bs narratives.  Im actually looking forward to the bear market, purging of all these false actors, only to resurface next bull phase....especially that fat turd bitboy and his pathetic 56btc holdings yet he has 1mill + youtube sunscribers.  The guy is an emotional mess and his sentiment is up one day and down the next.  People are paying for  his input?  Id rather pay Mayday, at least I know when he has a heavyflow and his style is entertaining.

The boys calling the shots are guys with 1000+ btc and $$$ behind  them and they do it with  military like precision. Guess what? They dump the markets  and re-accumulate at the bottom and increase their holdings.  Why would  massive money dump only to  buy more btc?  Not solana, not doge not 4000 other shitcoins.......only btc. My money is on they know where BTC is heading. Im not going to risk 1 satoshi let alone 1 btc playing the markets, can I? Yes. Will I? No.

[gib]

Man, a few of you sound salty as fuck. Lol
Watching the value slip away everyday and not gaining any traction as of late must be really taking its toll.

No problem at all. If you believe in BTC, you simply measure your worth in how many BTC you have. Every day you can stack sats is a good day, and even better if sats are cheaper to acquire for a period of time.

[Flexacon]

Salty? He said buy and hodl btc. Not buy and gamble.  I can understand if he was playing the market he would be salty, but nothing he said gave that indication. 

These influencers are conning people with their paywalls and bs TA thinking btc adheres to their bs narratives. 

Well he was being salty towards all other crypto. Understandable given the only thing bitcoin has going for it now is that it was first.

Hiding behind a paywall and giving analysis and tips is a decades old con that predates bitcoin. Basically for those paying for it, it works like this. You tell half your subscription base to buy, the other to sell. Half win big and think you're a god the other half disappear. A variation of this is 2 guys teaming up, one tells his subscribers to buy, the other tells his to sell. The split the money and the "god" teams up with a different "god" to fleece people again. There are other variations and it's obviously a little more complicated than my basic examples, but they all have one thing in common. They are all a con!

It's actually kinda funny how all the old tricks are being used and working so successfully in the crypto markets, not just the scams and cons, but also the manipulation. The guys who would be able to best navigate all this BS are the old timers who just so happen to have no interest in getting into crypto.

[polychronopolous]

Well he was being salty towards all other crypto. Understandable given the only thing bitcoin has going for it now is that it was first.

Hiding behind a paywall and giving analysis and tips is a decades old con that predates bitcoin. Basically for those paying for it, it works like this. You tell half your subscription base to buy, the other to sell. Half win big and think you're a god the other half disappear. A variation of this is 2 guys teaming up, one tells his subscribers to buy, the other tells his to sell. The split the money and the "god" teams up with a different "god" to fleece people again. There are other variations and it's obviously a little more complicated than my basic examples, but they all have one thing in common. They are all a con!

It's actually kinda funny how all the old tricks are being used and working so successfully in the crypto markets, not just the scams and cons, but also the manipulation. The guys who would be able to best navigate all this BS are the old timers who just so happen to have no interest in getting into crypto.

Bitcoin is the only one with true decentralization and a fixed supply.

Non censurable digital scarcity that I can carry around in my head.

Once you understand the importance and power of that why would you want to throw your money at anything else?

The people that grasp this concept the earliest will ultimately profit the most.

The "gibs" and "Theoaks*" being the clearest, best examples in this very thread.

Long term Bitcoin price go up. Tremendously.

Long term the vast, vast majority of shitcoins trend back down to zero.

[Flexacon]

Long term the vast, vast majority of shitcoins trend back down to zero.

Long term BTC has a greater chance of being outright banned (dropping it in value)  or scrapped (going to zero) than something like ETH.

Once you understand the importance and power of that why would you want to throw your money at anything else?

Because I get better short term returns for it.


If BTC ends up being as amazing as you're making out, I'll still be able to buy it even if it's a ridiculous price given my short returns are overall generally better than they would be just hodling BTC. If BTC doesn't "make it" and I stay on top of the markets, then I can still pivot pretty easily from my positions and latch on to whatever looks to be the next front runner

Your close minded "all in" approach leaves you with nothing if BTC ends up on the scrap heap.

[Mayday]

Flex brings up a good point with tricks.

See the ETH pump? It’s had Covid all week then outta nowhere it declares It doesn’t have Covid and asks people to come over for dinner.

Those poor bastards go over for dinner and then start texting friends to come over, having an awesome time here, no Covid mofos, get here first before others arrive and eat all the party pies.

Shits fucked. All gunna end up quarantined.

Fucking stranger danger folks! if someone has skin falling off their face, walks like a zombie, is coughing uncontrollably and invites you over to see their new puppy, do not go and see their new puppy!

[Pray_4_War]

I'm still not sweating any of these dumps.  I'm playing the long game and I'm not worried about short term price action.  I'm thinking in terms of years....not days, weeks, or months.

Meanwhile, I'm perfectly comfortable with a lot of people calling me an idiot.  We'll see.

[gib]

Bitcoin is the only one with true decentralization and a fixed supply.

Non censurable digital scarcity that I can carry around in my head.

Once you understand the importance and power of that why would you want to throw your money at anything else?

The people that grasp this concept the earliest will ultimately profit the most.

The "gibs" and "Theoaks*" being the clearest, best examples in this very thread.

Long term Bitcoin price go up. Tremendously.

Long term the vast, vast majority of shitcoins trend back down to zero.

So true. Look back and the thousands of alts and shitcoins that have come (and gone) in prior cycles. I know some of the guys behind alt coin launches. Its a virtuous and now well-organized system for those in at the outset. The game is basically to profit with the best sounding pitch or "project", and eventually get out with max returns, leaving others holding the bag, meanwhile putting any gains into Sats, before doing it all over and launching another alt, each time leaving the masses holding the bag ...

Don't fall for it. Very few of the "alts" of today will be of any significance in 4 years, although some from this current cycle will fondly remember their names of what those alts were back in the day...

[Flexacon]

So true. Look back and the thousands of alts and shitcoins that have come (and gone) in prior cycles. I know some of the guys behind alt coin launches. Its a virtuous and now well-organized system for those in at the outset. The game is basically to profit with the best sounding pitch or "project", and eventually get out with max returns, leaving others holding the bag, meanwhile putting any gains into Sats, before doing it all over and launching another alt, each time leaving the masses holding the bag ...

Don't fall for it. Very few of the "alts" of today will be of any significance in 4 years, although some from this current cycle will fondly remember their names of what those alts were back in the day...

So in order to pump a dying bitcoin, maxis need to create pump and dump shitcoins?  Thank you for clearing that up for us gib 

[Mayday]

2017 Vs 2021 Bitcoin essentially holds the same market share % in mid year seasonality.

What it means for alt coins however is we know the numbers have increased from 1,500 to 7,000+ Therefore for remaining share is more diluted.

For eg A number of popular alt coins in 2017 didn’t overtake their previous ATH this run.
 

As for bagholding one could argue maxis are doing that to El Salvadore and Nigeria right now. Maxis don’t GAF and will dump on everyone while claiming moral superiority and freedom lol.

Maxis are as corrupt and power hungry as those in power now racing to become the richest as quickly as possible. I have no problem with power hungry but just be honest about it and don’t BS me.

[SOMEPARTS]

Wait 3 years for WHAT?

Irrational, speculative action on a bunch of stupid shitcoins?

Your placing money on these "crypto coins" was never based on any level of fundamental evaluation whatsoever.

Go to a casino and place bets on some random roulette numbers if you really need to scratch that itch.

Bitcoin is the only one that matters. It is the one with the revolutionary monetary properties.

Bitcoin will eventually have every single hater in this thread looking themselves in the mirror and admitting that they let their foolish pride get the best of them. They should have bought(and held) when they had the information punching them squarely between the eyes.

The smartest people in this sector simply buy and HOLD Bitcoin folks. It really is that simple.

Do you watch movies on LaserDisc?  Maybe BetaMax?

[polychronopolous]

Texas regulator allows state-chartered banks to hold Bitcoin

A Texas state regulator has officially affirmed that Texas state-chartered banks are allowed to store cryptocurrencies like Bitcoin (BTC) for their customers.

The Texas Department of Banking, a state regulatory agency chartering state banks and supervising financial services, issued a notice on Thursday stating that local banks are permitted to provide crypto services in the state.

The agency noted that Texas banks “may provide customers with virtual currency custody services, so long as the bank has adequate protocols in place to effectively manage the risks and comply with applicable law.”

The regulator briefly explained cryptocurrencies, stressing that digital currencies do not exist in a physical form, but on a blockchain, and thus require the owner to hold private keys to access them. The authority further stated that banks can store crypto on customers’ behalf, either by keeping copies of the customer’s private keys or holding the assets directly in the bank’s custody by creating new private keys held by the bank.

“As with the method of custody services, several secure storage options are available to the bank, each of which has distinctive characteristics pertaining to level of security and accessibility. The bank will have to determine which storage option best fits the circumstances,” the agency wrote.

The department also mentioned that the bank should confirm the existence of adequate coverage with its insurance carrier as a measure to protect its crypto holdings.

The regulatory notice comes shortly after members of the Texas House of Representatives passed a bill to recognize cryptocurrencies under commercial law last month. Other jurisdictions in the United States, such as Wyoming and Nebraska, have been actively embracing crypto custody services by state-chartered banks, with Wyoming chartering Kraken exchange as its first crypto bank last September. Federally chartered banks also received authorization for providing crypto custody services in July 2020.

https://cointelegraph.com/news/texas-regulator-allows-state-chartered-banks-to-hold-bitcoin

[SOMEPARTS]

I'm still not sweating any of these dumps.  I'm playing the long game and I'm not worried about short term price action.  I'm thinking in terms of years....not days, weeks, or months.

Meanwhile, I'm perfectly comfortable with a lot of people calling me an idiot.  We'll see.

How much are you in for? That's the thing I find interesting.

If you have a BTC or 3 and you have say 10k in, I can see just sitting on it in case something crazy happens. But believe me the minute this thing broke 40-50k I'd be half out of that position, haha.

People buying in at 50k.....well, might as well play the lottery.