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

[gib]

Lets see if Elon puts the lazer eyes back on today.

3 of the biggest egos in tech, Musk, Zuck, and Bezos all in the battle to supremacy in the BTC ecosystem.

And don't count Apple or Google out. You can be very sure both are very strategically and secretly working on their plans also.

[Flexacon]

I got a chuckle about Amazon because it has been a running piss take meme for a few weeks now.

Bulls always bang on about adoption so bears started position on twitter ‘such and such to announce bitcoin purchase’ as a joke but then make out it was serious. It would get retweeted as a joke
To see which idiots would think it was real.

See the Apple one last week? I saw the original piss take tweet and it got picked up by major media LOL. So they did it with Amazon and the bots grabbed it again and media is posting it as truth lol.

Shows how wrecked our media is. They use bots to scrap tweets and then run clickbait titles because it generates clicks and ad revenue.

But no, no one has purchased and it is one gigantic meme pisstake.

The amazon hype looks to be mostly because they had a job listing for a digital currency and blockchain specialist.

This volatility is all pretty wild even for bitcoin. $600 million entered the market in 1 minute! Given the craziness and my goal to keep things retarded, I had to pick up some Eth. This was also roughly the time I was planning to buy back in months ago. London fork upgrade isn't far away, Elon is holding Eth and on the off chance the Amazon story could actually hold some truth..

[Theoak*]

Big names reporting earnings this week. Apple, Amazon, Facebook, Microsoft, Tesla, & Google are all set to report. Could they have some news about expanding balance sheets or positive comments about accepting Btc in the future?  They will be asked.

If/When Amazon do accept btc as payment, expect the price  to blow past 64k, much bigger impact on the market than Tesla.  The others will have  to follow suit and could potentially see a 6 figure price. End of year, early 22....

[Theoak*]

Lets see if Elon puts the lazer eyes back on today.

3 of the biggest egos in tech, Musk, Zuck, and Bezos all in the battle to supremacy in the BTC ecosystem.

And don't count Apple or Google out. You can be very sure both are very strategically and secretly working on their plans also.

Musk will get wind of Amazon launch date of accepting btc and front  run them by reinststing btc payments for Tesla, or announce it shortly after.  It would be a really smart move to do so. Microstrategy is due for another  big purchase ~1billion. The dominoes might fall at once.

[gib]

Here's a another possibility of a big mover. Zuck tries joins the party with open-source instead of Diem. So much easier to implement technically, so much less resistance, scrutiny and backlash, and benefits from a common monetary language with the other major platforms.

[OneMoreRep]

All this Amazon nonsense smells like speculative garbage until further notice.

Yes, Amazon posted a job listing for a blockchain specialist. Obviously, Amazon is looking into the crypto ecosystem and will likely make a move into it. As to whether they will accept particular coins, I think those are just speculative attempts at pumping BTC & alt coins. An "inside" revealed that Amazon would likely integrate BTC first, followed by Ethereum, Cardano and Bitcoin Cash. Yesterday, BitBoy (Ben Armstrong) reveals that his insider stated that AMP & Algorand will likely be used as the backbone to facilitate the use of the aforementioned coins. So, now we have 6 crypto projects that will likely be involved in this Amazon initiative towards crypto. But what, what about VeChain? On the China end, they already have a partnership with Amazon. Will they also become part of this group, making it a 7 project initiative by Amazon? But wait, what about PolkaDot?

It just seems like random sources, rumors, experts etc, all trying to pump their favorite cryptos. Moreover, I wouldn't be surprised if all this bullshit is slowly being ignited by institutional traders to set their stage.

"1"

[Mayday]

They tried Amazon news in 2017. Seriously, it’s a twitter meme game where people try and create a crypto headline then everyone retweets to try and get media to pick it up. It’s pretty cool to see it work.

Meanwhile 1.14B in liquidations. I got Elon’s tweet, rode a 30s pump and bailed. Works every time. I have some Doge right now but only 3k worth. Fuck it, have a bit of fun lol.

Don’t Tesla release their results today or is that tomorrow? We will see if they hold BTC. If they do, I reckon that will be enough to fuel an all in apeshit run.

[gib]

Yes, Tesla today. Stay tuned and lets see if Elon gives Sats their mojo back.

[polychronopolous]

Wonder how many short term traders there are here vs hodlers?

Some I suspect have probably have more in and outs that Vince's (CSN MFT BTC) anus...

Been accumulating since 2017 and haven't sold a single satoshi.

I'm kind of like you, I'll probably wait a couple more halvings before I think about selling a little bit of it.

[Flexacon]

All this Amazon nonsense smells like speculative garbage until further notice.

Yes, Amazon posted a job listing for a blockchain specialist. Obviously, Amazon is looking into the crypto ecosystem and will likely make a move into it. As to whether they will accept particular coins, I think those are just speculative attempts at pumping BTC & alt coins. An "inside" revealed that Amazon would likely integrate BTC first, followed by Ethereum, Cardano and Bitcoin Cash. Yesterday, BitBoy (Ben Armstrong) reveals that his insider stated that AMP & Algorand will likely be used as the backbone to facilitate the use of the aforementioned coins. So, now we have 6 crypto projects that will likely be involved in this Amazon initiative towards crypto. But what, what about VeChain? On the China end, they already have a partnership with Amazon. Will they also become part of this group, making it a 7 project initiative by Amazon? But wait, what about PolkaDot?

It just seems like random sources, rumors, experts etc, all trying to pump their favorite cryptos. Moreover, I wouldn't be surprised if all this bullshit is slowly being ignited by institutional traders to set their stage.

"1"

This is a great point. Griffith and others have made a few posts about how buying never really stopped amongst whales. Also remember a lot of Banks intend to start offering crypto to their customers. Great business for them if the can buy it cheap, pump it and offer it to customers.

The other thing the comes to mind is what happened with apple stock a few years ago. There was a huge FUD camp to get retail to sell, meanwhile big players and institutions bought in and once retail was out it rocketed.

[Flexacon]

They tried Amazon news in 2017. Seriously, it’s a twitter meme game where people try and create a crypto headline then everyone retweets to try and get media to pick it up. It’s pretty cool to see it work.

Meanwhile 1.14B in liquidations. I got Elon’s tweet, rode a 30s pump and bailed. Works every time. I have some Doge right now but only 3k worth. Fuck it, have a bit of fun lol.

Don’t Tesla release their results today or is that tomorrow? We will see if they hold BTC. If they do, I reckon that will be enough to fuel an all in apeshit run.

I think in 2017 Amazon had an actual crypto (might have eth) webpage on their site.

The bots however have definitely taken things to a new level of absurdity though when it comes to pumping and dumping. Back in Jan/Feb there was a coordinated effort to prove the existence of bots in pumping stocks and crypto, so people starting posting $ASS and $CUM and bots believing they were real tickers started pumping them.

[OneMoreRep]

This is a great point. Griffith and others have made a few posts about how buying never really stopped amongst whales. Also remember a lot of Banks intend to start offering crypto to their customers. Great business for them if the can buy it cheap, pump it and offer it to customers.

The other thing the comes to mind is what happened with apple stock a few years ago. There was a huge FUD camp to get retail to sell, meanwhile big players and institutions bought in and once retail was out it rocketed.

My angle has become diversification. I still keep money in the market (utility stocks and also big companies like Amazon, Walmart etc), Real Estate investment properties, Notes (Lease with Option to Purchase Contract), foreign market investments and as of recent cryptocurrencies.

What I now enjoy is asking experienced crypto investors what their top 10 cryptos within their portfolios are and why. I am looking to keep at least 5-10 solid cryptos in my portfolios and invest roughly about 5-10K in each one, that's it. My thought is that if I can hit home runs with 2-3 of them and see an amazing return, I would be happy. The other 7 cryptos or so that strike out are just lessons learned.

I also can't bet the house on BitCoin. I think $BTC has a world of potential and it's still the center of the universe when it comes to crypto (with a gravitational pull that drags everyone up or down with it), but tomorrow things can change. To assume that all other coins besides $BTC are shitcoins is incorrect in my opinion. These massive institutions wouldn't be betting all this money on the top 10 coins if they had that sentiment. Also, when you read about what places like China are doing to $BTC, you realize that if they have 2 preferred cryptos, those cryptos could very well make a splash down the line. Likewise, I see potential in projects like Ethereum, who in many ways could dethrone $BTC. That said, I am very much a novice and still taking it all in.

One day, I'd love for some of you to share your top 10 cryptos and your reasonings for why you hold them.

"1"

[Griffith]

https://www.bloomberg.com/news/articles/2021-07-26/bitcoin-surges-toward-40-000-level-extending-recent-recovery

More than $950 million of crypto shorts liquidated

[Flexacon]

My angle has become diversification. I still keep money in the market (utility stocks and also big companies like Amazon, Walmart etc), Real Estate investment properties, Notes (Lease with Option to Purchase Contract), foreign market investments and as of recent cryptocurrencies.

What I now enjoy is asking experienced crypto investors what their top 10 cryptos within their portfolios are and why. I am looking to keep at least 5-10 solid cryptos in my portfolios and invest roughly about 5-10K in each one, that's it. My thought is that if I can hit home runs with 2-3 of them and see an amazing return, I would be happy. The other 7 cryptos or so that strike out are just lessons learned.

I also can't bet the house on BitCoin. I think $BTC has a world of potential and it's still the center of the universe when it comes to crypto (with a gravitational pull that drags everyone up or down with it), but tomorrow things can change. To assume that all other coins besides $BTC are shitcoins is incorrect in my opinion. These massive institutions wouldn't be betting all this money on the top 10 coins if they had that sentiment. Also, when you read about what places like China are doing to $BTC, you realize that if they have 2 preferred cryptos, those cryptos could very well make a splash down the line. Likewise, I see potential in projects like Ethereum, who in many ways could dethrone $BTC. That said, I am very much a novice and still taking it all in.

One day, I'd love for some of you to share your top 10 cryptos and your reasonings for why you hold them.

"1"

Until my mid 20s I never thought I'd need to bother with all this. Very few people invested in stocks in the UK if it wasn't a part of their job. You worked, saved, bought a house, paid into pensions etc and you were safe. If as a couple you both worked, then you'd have enough money to buy a second home in France or Spain to spend your summers. 2008 fucked all that up.

Your strategy (which was one of the first things I tried to teach myself) would be considered very conservative even including crypto by the "modern" retail investor. It's all about putting everything into 2 or 3 stocks/cryptos with good fundamentals, leaders you believe in and going long. Other than buying some property, that's exactly what I've done. Let's hope no one (more likely me) doesn't get rekt!

[Theoak*]

Amazon denies reports its accepting crypto this year.

[Flexacon]

Amazon denies reports its accepting crypto this year.

The Amazon story felt too good to be true and given other events today did suggest it was all manipulation. Wouldn't be surprised though if it's all just to build bullish sentiment again.

Tesla held their BTC.

[OneMoreRep]

The Amazon story felt too good to be true and given other events today did suggest it was all manipulation. Wouldn't be surprised though if it's all just to build bullish sentiment again.

Tesla held their BTC.

Amazon denies it and I hope that all these bullshit crypto writers online rescind their articles and state an apology for talking shit. Unfortunately, we know that won't happen. I'd love to see BitBoy take back what his bullshit "source" told him.

More than half the time, I think all these guys are full of shit.

"1"

[Flexacon]

I literally called a top trader from a fund in Hong Kong only an hour ago. Well according to hom, 3 things. First a major developer in China is massively over-leveraged, and we may see bond defaults (and a cascading effect).

Second is the increased Government intervention on all aspects related to tech, and now more recently other sectors such as education.

Third is China increasing isolate itself from the world, as the world response to its aggressive actions. Eventually that isolation harms trade and that harms GDP.

Might not just be China though. Look at this...

https://finance.yahoo.com/news/everybody-week-off-wall-street-100837723.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAANuqXYbOiJb-k3FScdmB-NkLxycluYbdRcPYW_S3Z6SPUxScaU9G7dI7dKzSb8zgyy6WDI2Vvm7rMSPjomo5B1IjauIL3Vtxvsb5JWj6uGJvPAQAF-3O9j5AtgdiJn725KR82fTMQId9pdDKUw31FQMDVlXRI68S93YLxVo0-1Dm

Wall Street firm tells all staff to take the week off.

"The firm has cancelled all internal meetings for the week and told employees to refrain from calls, emails and chatroom messages"

Good chance they are gonna come back in a week to find their personal stuff boxed up and waiting for them at the reception.

Wondering now if this short squeeze crypto pump was one last push to help cover losses for an incoming financial crash. Next few weeks will sure be interesting.

[SOMEPARTS]

Pumpers and HODLers only hear the good news, fake or not.

[Mayday]

Amazon was a twitter meme, it was the same guy again lol. He was pissing himself they fell for it twice.

I appreciate the stupidity of media bot programs but he cost people real life money. That’s not a nice thing to do IMO.

Might not just be China though. Look at this...

https://finance.yahoo.com/news/everybody-week-off-wall-street-100837723.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAANuqXYbOiJb-k3FScdmB-NkLxycluYbdRcPYW_S3Z6SPUxScaU9G7dI7dKzSb8zgyy6WDI2Vvm7rMSPjomo5B1IjauIL3Vtxvsb5JWj6uGJvPAQAF-3O9j5AtgdiJn725KR82fTMQId9pdDKUw31FQMDVlXRI68S93YLxVo0-1Dm

Wall Street firm tells all staff to take the week off.

"The firm has cancelled all internal meetings for the week and told employees to refrain from calls, emails and chatroom messages"

Good chance they are gonna come back in a week to find their personal stuff boxed up and waiting for them at the reception.

Wondering now if this short squeeze crypto pump was one last push to help cover losses for an incoming financial crash. Next few weeks will sure be interesting.

Appreciate your take on this. Watching price action market makers are in full control. The only time we see price go up is MM pump to lure in retail and dump on them.

I’m eyeing September. If there is going to be a short spike this year it’s going to happen after that.

[Griffith]

Amazon was a twitter meme, it was the same guy again lol. He was pissing himself they fell for it twice.

I appreciate the stupidity of media bot programs but he cost people real life money. That’s not a nice thing to do IMO.


Appreciate your take on this. Watching price action market makers are in full control. The only time we see price go up is MM pump to lure in retail and dump on them.

I’m eyeing September. If there is going to be a short spike this year it’s going to happen after that.

You're bullish again?

[El Diablo Blanco]

Why did people just jump to assume that Amazon would accept Bitcoin by wanting to hire a crypto person?  Don't you think they are more likely to want to create their own Amazon currency?  Just like facebook is doing.  Instead of sending someone a $50 Amazon giftcard you can send them $10 Amazo-bucks

[Flexacon]

Amazon was a twitter meme, it was the same guy again lol. He was pissing himself they fell for it twice.

I appreciate the stupidity of media bot programs but he cost people real life money. That’s not a nice thing to do IMO.


Appreciate your take on this. Watching price action market makers are in full control. The only time we see price go up is MM pump to lure in retail and dump on them.

I’m eyeing September. If there is going to be a short spike this year it’s going to happen after that.

That's pretty much how I see it (US markets). Everyone is just preparing to take a big hit soon and strange things happen all over the place.  A spike before it happens is almost a near certainty. As far as when exactly. I've given up on trying to guess that, but history would support the late 3rd quarter/early 4th quarter (September) idea.



Don't think it will be as crazy as that, but not far off. (Japan is actually moving their stockmarket onto blockchain soon and I'd expect the rest of the world to eventually follow. The game will up then for those manipulative market makers and hedge funds which just so happen own a lot of mainstream media or like putting money in journalists pockets)

An example of something strange is the housing market in the US. Blackrock were buying a shit ton of family homes, paying over the odds for them, sometimes upto 50%. Not sure why exactly, maybe it was stop the market from crashing. Now this happens.. "U.S. New-Home Sales Unexpectedly Fall to Lowest Since April 2020" ..lumbar prices are being offered as the explanation.




https://www.bloomberg.com/news/articles/2021-07-26/u-s-new-home-sales-unexpectedly-fall-to-lowest-since-april-2020

With regards to China, one thing I haven't seen mentioned much is that I can see them getting rekt by delta this winter. Their sinovac isn't that great and the Chinese are mostly anti vax. As of right now I can't see how they'll keep delta out and I don't think we're seeing that in their markets yet (or maybe we are)

[Griffith]

Someone recently bought $1 billion BTC.

[Flexacon]

You're bullish again?

You think he meant crypto? Yeah I didn't even think to consider that given he's been in full bear mode 

If we were to hit a 100K peak this year (late December or Jan) I don't think the price will change much for the next couple of months. 50K/60K in September would be nice.

Volume in a lot of US stocks tend to dry up in the summer and peak in Jan. Crypto peak year prices seem to do the same. Coincidence?