I haven't heard anyone talking about crypto as it's creeped up this time. It's a nice feeling. BTC is over 63k and nearing it's ATH I thought BTFD was Buy The Fucking Dip.......or is it......Burn it The Fuck Down?
Not really Even if the ETF has contago going on in a declining market where the contract price/value is lower than the spot, you still are having premiums and costs built in to the final share price.
No. The futures etf is a shit product for consumers that will do a poor job of ultimately tracking the price. Plenty of pods out on that recently if you want to hear why. Buying actual btc on an exchange is a far better for retail.
Someone plz tag me when this run is over and it’s alt season and which alts to buy so I can blindly trust strangers from the internet and tell my wife I did research.
While we are definitely in for some serious volatility, I think the bull cycle is lengthening through the end of the year
He bought 6.6m BTC on what looks like Coinbase? There's definitely more to the story. I'm extremely grateful I didn't sell off any of my BTC or ETH before this run up. I had thought it would drop by the end of the day today. I could still be correct, but I hope I'm proven completely wrong and this continues. We just broke ATH and I haven't heard anyone make a peep about it.
Why does LTC have any value? They stopped working on the project several years ago and yet it still trades in the top 15 in market cap. I have a little over 3 LTC that I am stuck with bc I'm too lazy to move it from exchange to exchange to convert it.
and I didn't realize he was just buying 75 BTC and now is up to 100 BTC. So actual purchase was closer to 5 million. But a large purchase like that on Coinbase is going to make all the exchanges jump up a bit because he bought through a couple walls (guessing) with that purchase. Could be used to sell into it on other exchanges.
Think you are kinda answering your own question there. Lazy people don’t do any research and see that it’s a blue-chip and the bullshit that it’s the “silver” to bitcoin gold
For whatever it’s worth, he’s been mining btc since like 2015 as I recall and is independently wealthy from starting up his own healthcare company. He has an interesting life story. However much he has in btc, I’d guess it’s closer to 5,000 than 500.
You could ask this question for thousands of alt coins. It shouldn’t have any value and long term should trend to zero.
True. I transferred it over because it's cheap to transfer....not realizing that I couldn't swap it to BTC or ETH. I've just been sitting with it, but I'm sure it'll be one of the coins that eventually dies off. Need to cut my losses and send it to another exchange. It has outperformed my Solana in the last week though.
Which is what I was getting at. He is buying on an exchange that has less volume so it can drive the price up on the others. When did CoinMarketCap switch over to only having Coinbase Exchange instead of Coinbase and CoinbasePro?
so anybody thinking of selling off and then rebuying the dip next week? or is this a one way train to $100k?
I don't have the balls to sell off. We're now in the 4Q and my plan was to hold until mid december at earliest.
sam here. my plan was always long term HODL but i just can't help but assume this thing is gonna go back to the $40s in a few weeks
I agree. If he said few months, I could see it possibly dipping after the new year. In a perfect world I sell at 100k and buy again when it drops to 60k. Instead what will happen is it goes to 100k and I'll FOMO 20k into BTC only for it to drop to 30k. That's why I have a plan. Whenever I get emotional with money, specifically crypto, I get crushed.
No. See the guy in here who just sold at $62 on the assumption it would drop to $50 again. I’m buying a shitload more next week when I get a mid-year bonus and will continue buying.