Bitcoins to the moon

wow wasn't aware it's that high already. congrats to the faithful, you deserve the gains.

i have to get some shit first so then i could give it

at least its not the 2010 thread about BTC because it hurts to see that we all missed the chance at making hundreds of millions lol

Jesus, is this the signal that the top is coming?

US Dollar is losing value and will continue that trend as more money is being printed. People are fleeing into crypto, precious metals, and stocks. There may be a pull back but it's just getting started imo.

On December 17 2020 22:54 Daut wrote: Jesus, is this the signal that the top is coming?

rappers tweeting about it scare me more.

On December 17 2020 23:01 Nitewin wrote: US Dollar is losing value and will continue that trend as more money is being printed. People are fleeing into crypto, precious metals, and stocks. There may be a pull back but it's just getting started imo.

not really, precious metals have been quite stagnant and for printing trillions I'm astonished by how resilient USD is.

The moment to buy was at 5-10k earlier in the year, or hell even before this monster 20% run up in a couple days at 18k. You can buy here if you want but there's much more risk now than when it was cheap. I was leveraged before the monster run, I deleveraged now to take some risk off. Ofc it can also go to 100k from here so do with your money what you will.

There won't be many people selling right now. I think the only people selling are those who have leveraged longs open and decide to close them and book profits. But I don't see any major whales creating taxable events for 2020 during a new price discovery phase and willingly paying taxes in 4 months. I think we see a major pullback in January when people dump and defer taxes to April 2022, but I do think we'll see a continued bull market for at least 6 months into next summer. Who knows though, I don't think we're looking at 5x multiples from here like we were in May, but maybe it gets frothy like in late 2017.

massmutual bought 100 million in bitcoin--insurance companies buying is probably a really good sign haha

On December 18 2020 06:23 Daut wrote: There won't be many people selling right now. I think the only people selling are those who have leveraged longs open and decide to close them and book profits. But I don't see any major whales creating taxable events for 2020 during a new price discovery phase and willingly paying taxes in 4 months. I think we see a major pullback in January when people dump and defer taxes to April 2022, but I do think we'll see a continued bull market for at least 6 months into next summer. Who knows though, I don't think we're looking at 5x multiples from here like we were in May, but maybe it gets frothy like in late 2017.

are u shorting on the Jan 1st?

Not much downside to buy now, btc seems to be holding 23k extremely well at historically low volatility levels. There’s opportunity in the alts as well since those might have more room to run, higher risk higher reward

On December 19 2020 06:47 Baalim wrote: Show nested quote + On December 18 2020 06:23 Daut wrote: There won't be many people selling right now. I think the only people selling are those who have leveraged longs open and decide to close them and book profits. But I don't see any major whales creating taxable events for 2020 during a new price discovery phase and willingly paying taxes in 4 months. I think we see a major pullback in January when people dump and defer taxes to April 2022, but I do think we'll see a continued bull market for at least 6 months into next summer. Who knows though, I don't think we're looking at 5x multiples from here like we were in May, but maybe it gets frothy like in late 2017. are u shorting on the Jan 1st?

I've never shorted BTC. I won't short Jan 1, but I'll sell a bunch, and will buy some back if there's a pullback, and if it just keeps going up I'll slowly sell on the way up this time unlike 2017.