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Post by selluwud on Mar 13, 2021 17:06:38 GMT
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Post by JHam on Mar 14, 2021 3:07:10 GMT
Cool, JHam! Btw, I responded to your initial post above. Yeah, Kraken is also solid. Here’s a punch bowl of kool-aid to celebrate!
(this tweet was on 3/1) This is one of the most-followed bitcoin Twitter accounts -- author of the “Stock-to-Flow” model. He’s a Dutch quant trader/analyst at an asset management firm, which has multi-billion AUM. His model is included in all the Wall Street Banks’ internal reports (GS, JPM, Citi). It’s been reported in the WSJ, FT, and mentioned often on CNBC. I described what stock-to-flow is in some of my previous posts. You can click his bio and read his two Medium articles describing the model’s methodology. (Last year, other quant analysts showed that the S2F and BTC price correlation were not co-integrated, but it hasn’t been proven that the correlation is spurious.) His “S2F” model has been a very accurate predictor of bitcoin’s price over its past 12-yr. history. This chart above is on a log scale, and each dot represents bitcoin’s price on the last day of the month over 12 years. The colors represent the time in relation to the “halving” (every four yr., the number of newly-minted bitcoin is halved). The first red dot is on the month of the halving. The stair-step white line is bitcoin’s predicted price based on its S2F. It’s not so clear in the chart above, but he’s stated that this S2FX model predicts that bitcoin will hit $288,000 sometime this year. He has two versions of his model. He released his original “S2F” model two years ago, which was more conservative, and predicted that bitcoin would hit somewhere between $55,000 to $100,000 in 2021. Again, this was two years ago, and it’s now already crossed $55K. His revised model (“S2FX”) is the one he stands by today. This one predicts the $288K target in 2021. This chart is not based on S2F. It traces and overlaps the price trajectory after the 2012 and 2016 halving. The 2012 price ascent was actually more aggressive than the 2016 arc. The dark blue line in the middle is the average. So if we look back to bitcoin’s history as a guide, then similar to the S2FX model, bitcoin will hit $286,000 by year’s end. Alright, time to pull away the punch bowl! I guess we’ll see what happens. Kraken seems solid, but the time it takes to get verified, get the bank linked up to the account to buy coins with fiat, and 72 hour hold on first deposit, SUCKS!! Haha! It's so frustrating to watch BitCoin hit $61K from $55K two days ago and Ethereum about to hit $2,000 and I can't be a part of it. I've watched about 50 videos and documentaries since Friday just to try and get myself more fluent in the BiotCoin/Blockchain/Crypto language. I could barely sleep last night. I am hoping to have everything cleared to be able to make my first buy on Thursday. So frustrating, lol. I am hoping I can still get Ethereum under $2,000, but I doubt it. For now the thought is to just accumulate some each month for the foreseeable future. It's not like I can get in here at rock bottom, but like any investment I want to start buying as cheap as I possibly can.
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Post by JHam on Mar 14, 2021 3:07:43 GMT
Unfortunately I am still on the outside looking in, until Thursday
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Post by JHam on Mar 14, 2021 3:20:25 GMT
Also, I may flip the ratio at first and go 65% Ethereum and 35% BitCoin. The more I learn about, the more I think Ethereum has a bigger growth potential in the near term. And that is saying something since many smart people think BitCoin is a 10x from the current level.
NFTs, digital art/music and smart contracts are really interesting to me. I may even try and pursue creating some stuff just for the heck of it.
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Post by biposter on Mar 14, 2021 8:27:48 GMT
Fifty videos & documentaries! Okay, you probably know more than me, so I’ll turn to you to ask questions about the technical parts of bitcoin I still don’t understand. Yeah, Ethereum has tremendous growth potential. Eth2 will still take a few years, but with EIP1559 set for the London code update this July (portion of the miner fees burned), it will become a deflationary asset, and I think the price of $ETH will rip higher. And you have Layer 2 solutions coming online within a few weeks/months, which will drop the insane gas fees down to pennies and help it to scale exponentially. So I think these two near-term catalysts will be very bullish for $ETH. Yeah, NFTs are now all over the mainstream financial media. Yesterday’s WSJ front page had Beeple’s NFT that sold by auction through Christie’s for $69M! Crazy. I’m still not sure how best to play NFTs. You can check all the crypto prices by market cap on CoinGecko: www.coingecko.com/en. Here’s the top NFT tokens: www.coingecko.com/en/nft. Right now, I think the best ones are NFTX, AXS, and RARI/RGT. But still need to look into it some more. JHam, check out DeFi when you can. You can see the top coins here: www.coingecko.com/en/defi, and there is now $57B TVL (“Total Value Locked”) on the DeFi protocols. This isn’t some kid’s game anymore. There is serious money in DeFi. One quick way to get exposure to some of the top DeFi tokens is through $DPI, but you’ll have to use Uniswap (or one of the many other DEXs) to buy it, and the gas fees right now can still be quite high (depending on demand and how congested Ethereum's network is).
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Post by JHam on Mar 15, 2021 16:33:22 GMT
Also, I may flip the ratio at first and go 65% Ethereum and 35% BitCoin. The more I learn about, the more I think Ethereum has a bigger growth potential in the near term. And that is saying something since many smart people think BitCoin is a 10x from the current level. NFTs, digital art/music and smart contracts are really interesting to me. I may even try and pursue creating some stuff just for the heck of it. Was able to make my first crypto purchases today. Not much, but a good amount to get started. I’ll definitely be adding more.
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Post by selluwud on Mar 18, 2021 14:48:06 GMT
Speaking of crypto, I finally got my account verified. I ended up opening an account on Kraken since it was the only one that supports trades in Japan. Looking forward to buying my first Bitcoin and Ethereum next week. Good Luck, it's a spooky market. I bought some Voyager Digital VYGVF a little under 15.00 when I mentioned it the other day. They're in the crypto coin trading/exchange business and I see it being at a higher price further down the road. VYGVF trading at 24.00 today, it's been gaining a little every day it seems like.
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Post by biposter on Mar 24, 2021 8:36:37 GMT
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Post by JHam on Mar 24, 2021 12:55:38 GMT
I saw this! Both actually. I would love it if other stocks would allow you to trade with Bitcoin. Not likely though, at least for a long time. I also watched this interview with Ray Dalio where he says that the US will "very likely" eventually outlaw Bitcoin: finance.yahoo.com/video/very-likely-u-outlaw-bitcoin-100000280.htmlAt any rate, I bought more yesterday.
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Post by biposter on Mar 25, 2021 8:03:43 GMT
Yeah, JHam, me too. But, man, is bitcoin/crypto volatile lol! I try to DCA in weekly -- split betw BTC, ETH, and DeFi coins. Yeah, Ray Dalio has said this a few times over the past many months. DeFi certainly has regulatory risk (there’s no KYC/AML), but I don’t think the U.S. wants to quash the tremendous innovation going on here in this space. Even a current SEC Commissioner and a former OCC Comptroller has acknowledged this. But if the Wall Street banks/tradfi feel threatened, I’m sure they’ll pressure Gov’t to step up regulations. Still, the potential is so huge, I think it’s worth 10-15% of one’s crypto allocation. And there is some risk to bitcoin, but Powell said again yesterday that bitcoin is more akin to digital gold and is not a threat to the dollar. Even if it becomes a threat, I think it’ll take some time to build congressional support, so just take some profits at $150-$250K lol. Well, anyway, here’s some strong hopium after a brutal day for bitcoin/crypto! (Listen to the first 25 sec of this video.) Sovereign wealth funds are coming. That’s a massive wall of money. As mentioned yesterday, the first mega-investment bank, Morgan Stanley, with $4T in client assets, will offer their clients access to bitcoin starting in April. So the top 1% won’t have to bother with opening up a personal account on Coinbase. They can just call up their $MS broker to buy them $1M of bitcoin. I think $GS is next. Huge wall of money. After MicroStrategy’s “bitcoin for corporations” online conference now almost two months ago, with over 5,000 attendees, it should take take these corporations about 120 days to complete all their DD and get all the necessary approvals. So we could start to see announcements released in about two months. Wall of money. And Fidelity submitted an ETF application with the SEC, it was reported today. So that makes for a total of seven ETFs submitted. The SEC must respond within 45 days, but it can push it out another 240 days if they need more time. So I think we get a few ETFs approved by year’s end. Wave of money. Best estimates say about 1-2% of the world’s population now own bitcoin. Total of 21m bitcoin: 18.5m bitcoin have now been mined; about 4m bitcoin are permanently “lost.” There’s still another 98% left to go. *Edit (3/26) Sorry, the tweet above was deleted by the OP. Basically, it was a Real Vision video clip, where Robert Gutmann, CEO of NYDIG, says that sovereign wealth funds have contacted him. Raoul Pal, of course, says that that's very interesting, and that he (Raoul) knows that a Singapore sovereign wealth fund has been buying bitcoin. Okay, Soros is in. Druckenmiller probably convinced him. *Edit (3/30) www.coindesk.com/soros-morgan-stanley-join-200m-investment-in-bitcoin-firm-nydigThree weeks ago, NYDIG announced that they raised $200M from big-name investors, including Morgan Stanley, New York Life, MassMutual, Soros Fund Management, and others. Remember, back in Dec., MassMutual announced their $100M bitcoin purchase through NYDIG. Plus, they took a $5M equity stake in NYDIG at that time. They were again investors in this latest round. NYDIG’s CEO, Robert Gutmann, said on a recent podcast (https://podcasts.apple.com/us/podcast/robby-guttman-nydig-on-institutionalization-bitcoin/id1480586463?i=1000513042894) that you can expect to see big news from these investors re: bitcoin. A few days later, we saw the Morgan Stanley news, offering their clients access to bitcoin. Then New York Life’s CEO joined NYDIG’s board. And last week, we saw that Bloomberg video with Soros Fund’s CIO being coy about whether the Fund has bought bitcoin for their portfolio. I’m thinking we’re going to see formal announcements from Soros Fund Mgmt and New York Life about bitcoin purchases. NYDIG (with Morgan Stanley as an “initial authorized participant”) filed for a bitcoin ETF with the SEC last month. And Fidelity Investments (founded in 1946 w/$5T AUM) filed for bitcoin ETF this week. Five others have done the same. Gary Gensler has yet to receive formal confirmation as SEC Chair by the full Senate (expected in a few weeks), so not sure the SEC will approve within the initial 45-day window. They can extend it by 240 days, which they may do. But once an ETF is approved, you’ll have another huge wall of money ready to get in. Registered Investment Advisors (RIA) control $5T in investor wealth. With an SEC-approved bitcoin ETF, RIAs will pour in: (https://unchainedpodcast.com/financial-advisors-control-5-trillion-in-investor-wealth-are-they-buying-bitcoin/). decrypt.co/63435/coinbase-hires-former-sec-official-at-critical-moment-before-public-listingCrypto is stacking its political arsenal with key hires. Coinbase hired a former SEC Director as their VP. One River Asset Mgmt hired the former SEC Chair, Jay Clayton, as an advisor, and Binance hired former U.S. Senator Max Baucus as an advisor. And it looks like Coinbase will be going public within the next two weeks ($COIN Nasdaq). They’re saying it’ll list somewhere between $50B-$100B M/C. This will be an important milestone in legitimizing the crypto industry. www.whatbitcoindid.com/podcast/how-to-trade-the-end-of-a-bull-marketOnchain analyst Willie Woo said on this podcast that this recent drop down to $50K saw the most amount of “buying the dip” through all of 2021 so far. His models are predicting a $300K price target this year (he upped it from $250K). Btw, rumor is that GM will follow Tesla and accept bitcoin as payment in the coming months. *Edit (3/31) www.cnbc.com/2021/03/31/bitcoin-goldman-is-close-to-offering-bitcoin-to-its-richest-clients.htmlGoldman Sachs will be offering their private wealth mgmt clients access to bitcoin within the next few months: - “In the end, it was client demand that won out…”
- “There’s a contingent of clients who are looking to this asset as a hedge against inflation, and the macro backdrop over the past year has certainly played into that...”
- “There are also a large contingent of clients who feel like we’re sitting at the dawn of a new Internet in some ways and are looking for ways to participate in this space.”
www.cnbc.com/2021/03/30/paypal-launches-crypto-checkout-service.htmlPayPal announced that all its U.S. customers can now pay using crypto online. “Checkout with crypto” will be available at all their brick-and-mortar merchant stores in the next few months. So you can now buy coffee with bitcoin at Starbucks...online! decrypt.co/63192/square-cfo-amrita-ahuja-makes-the-case-for-bitcoin-on-every-balance-sheet$SQ CFO: "There's absolutely a case for every balance sheet to have Bitcoin on it” Okay, we got the March closing price. According to the Stock-to-Flow (S2FX) model, bitcoin will hit $288K sometime this year lol. Check out the stair-step white line. But notice that in the previous two halving cycles (2012, 2016), it overshoots the target price. If it does so again in this third halving cycle, it could 2x the $288K price target, according to this model LOL. Will it happen? Who knows. But look at that chart lol. *I've always used Firefox to visit this message board website. I finally noticed today that the tweets don't show up in Chrome lol! *Edit (4/9): www.coindesk.com/daniel-loeb-third-point-hedge-fund-coinbase-custody-staking Dan Loeb’s $17B hedge fund, Third Point LLC, is in. But not sure how much bitcoin/crypto they bought. unchainedpodcast.com/what-1-8-billion-in-q1-revenue-means-for-coinbases-direct-listing/ Larry Cermak, Dir. of Research at The Block, possibly the most well-connected crypto news outlet, said on this podcast (21:40 min. mark) that Coinbase told them about a month ago that they have four or five S&P 500 companies that will add bitcoin to their balance sheet (using Coinbase to buy/custody). Larry says he expects news about these purchases to be announced in the next two or three months. (Why Coinbase revealed this to a news organization, I don’t know. Unless they expected it to stay private? lol) www.bloomberg.com/news/videos/2021-04-06/billionaire-novogratz-talks-cryptos-yields-and-archegos-video Mike Novogratz believes $FB will be releasing their Novi wallet and Diem cryptocurrency sometime this quarter. (They rebranded “Libra” to “Diem,” and their Calibra wallet has been renamed to Novi.) That’s potentially 2.4B people who can easily send money to one another through Novi, WhatsApp, or Messenger. www.fool.com/investing/2021/04/09/coinbase-ipo-is-next-week-heres-everything-you-nee/ Coinbase is going public next week (April 14 on Nasdaq under “COIN”). They released their unaudited Q1 financials this week to help investors price the stock. They now have 56M verified users on their exchange. Maybe more than all the other news items over the past year, Coinbase going public might be the best catalyst in helping bitcoin/crypto go mainstream. Check out what Goldman Sachs CEO, David Solomon, says repeatedly about bitcoin in this CNBC interview earlier this week: “As our clients have demand[ed] to be involved in this space, we continue to find ways to support our clients.” decrypt.co/64139/goldman-sachs-bitcoin-big-evolution
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Post by JHam on Apr 14, 2021 6:57:57 GMT
I have been nibbling away at Bitcoin and Ethereum recently in anticipation of today’s Coinbase IPO. I even added my biggest chunk thus far, this morning at $62,500. I still plan on at least doubling my position from here in the next few days. Hopefully before there is a really big run (if there is one).
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Post by biposter on Apr 14, 2021 8:05:12 GMT
www.bloomberg.com/news/videos/2021-04-13/why-coinbase-may-be-the-microsoft-of-this-decade-video Awesome, JHam. I’m right there with you. Let’s see what happens with Coinbase tomorrow. In this video clip, this VC was involved in Coinbase’s initial seed round at a sub-$10M valuation. He says he thinks Coinbase is this decade’s next $MSFT, $GOOG, and $FB. I actually think that DeFi’s $UNI will take that mantle and actually eat into Coinbase’s market share. I think Coinbase and the other centralized crypto exchanges can do well over the next year or so, but the DeFi exchanges, derivatives platforms, options, etc., will eat into the share of their centralized counterparts. That is, unless CeFi can somehow incorporate DeFi onto their back end. $COIN should be a good stock for a year, but I’d say buy $UNI, $SNX, $AAVE. Also: $LINK, $YFI to have a nice well-rounded DeFi portfolio. If you use Uniswap, then you can just buy $DPI. To get exposure to the top 10 NFT tokens, you can buy $NFTP. $UNI v3 is live on May 5th. $ETH’s EIP-1559 (becomes a deflationary asset) implemented in July. I think $BTC, $ETH, and DeFi will be 3-5x-bggr this year.
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Post by JHam on Apr 14, 2021 17:36:23 GMT
www.bloomberg.com/news/videos/2021-04-13/why-coinbase-may-be-the-microsoft-of-this-decade-video Awesome, JHam. I’m right there with you. Let’s see what happens with Coinbase tomorrow. In this video clip, this VC was involved in Coinbase’s initial seed round at a sub-$10M valuation. He says he thinks Coinbase is this decade’s next $MSFT, $GOOG, and $FB. I actually think that DeFi’s $UNI will take that mantle and actually eat into Coinbase’s market share. I think Coinbase and the other centralized crypto exchanges can do well over the next year or so, but the DeFi exchanges, derivatives platforms, options, etc., will eat into the share of their centralized counterparts. That is, unless CeFi can somehow incorporate DeFi onto their back end. $COIN should be a good stock for a year, but I’d say buy $UNI, $SNX, $AAVE. Also: $LINK, $YFI to have a nice well-rounded DeFi portfolio. If you use Uniswap, then you can just buy $DPI. To get exposure to the top 10 NFT tokens, you can buy $NFTP. $UNI v3 is live on May 5th. $ETH’s EIP-1559 (becomes a deflationary asset) implemented in July. I think $BTC, $ETH, and DeFi will be 3-5x-bggr this year. OK, I’m in on the COIN fun. 3 whopping shares at $419 Just play money to see what happens. Lots of buzz right now so who knows, maybe I can do a quick flip for a few hundred bucks.
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Post by JHam on Apr 14, 2021 17:57:36 GMT
www.bloomberg.com/news/videos/2021-04-13/why-coinbase-may-be-the-microsoft-of-this-decade-video Awesome, JHam. I’m right there with you. Let’s see what happens with Coinbase tomorrow. In this video clip, this VC was involved in Coinbase’s initial seed round at a sub-$10M valuation. He says he thinks Coinbase is this decade’s next $MSFT, $GOOG, and $FB. I actually think that DeFi’s $UNI will take that mantle and actually eat into Coinbase’s market share. I think Coinbase and the other centralized crypto exchanges can do well over the next year or so, but the DeFi exchanges, derivatives platforms, options, etc., will eat into the share of their centralized counterparts. That is, unless CeFi can somehow incorporate DeFi onto their back end. $COIN should be a good stock for a year, but I’d say buy $UNI, $SNX, $AAVE. Also: $LINK, $YFI to have a nice well-rounded DeFi portfolio. If you use Uniswap, then you can just buy $DPI. To get exposure to the top 10 NFT tokens, you can buy $NFTP. $UNI v3 is live on May 5th. $ETH’s EIP-1559 (becomes a deflationary asset) implemented in July. I think $BTC, $ETH, and DeFi will be 3-5x-bggr this year. OK, I’m in on the COIN fun. 3 whopping shares at $419 Just play money to see what happens. Lots of buzz right now so who knows, maybe I can do a quick flip for a few hundred bucks. The other possibility is that I could lose a few hundred bucks lol
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Post by selluwud on Apr 14, 2021 23:15:08 GMT
OK, I’m in on the COIN fun. 3 whopping shares at $419 Just play money to see what happens. Lots of buzz right now so who knows, maybe I can do a quick flip for a few hundred bucks. The other possibility is that I could lose a few hundred bucks lol I bought 8 shares in the 380's only to see the value fritter away by days end. I'm buying into the long term 600 target though. Let'er rip. '
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Post by JHam on Apr 15, 2021 1:54:59 GMT
The other possibility is that I could lose a few hundred bucks lol I bought 8 shares in the 380's only to see the value fritter away by days end. I'm buying into the long term 600 target though. Let'er rip. ' Exactly. I had a feeling that like with a lot of IPOs they dump in the early days, but figured that with all the hype it was worth a shot. I won’t load up or anything on this one, but may double down in the next few days.
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Post by JHam on Apr 16, 2021 2:21:09 GMT
I added some more Ethereum today. This bullish move in crypto is helping to take some of the sting away from the punishment my microcap stocks have taken over the past few weeks.
Right now I own more Ethereum than Bitcoin. I like the long term thesis for both, but think ETH has more potential to spike hard before Bitcoin. I also like the long term potential of ETH eventually reaching $30K, which would be a better return than if Bitcoin reached $500K from the current levels.
I do plan on adding more Bitcoin soon and eventually having it overtake ETH in my crypto portfolio. But for want to keep loading up on ETH while it is still under $3K.
What are your thoughts on Ripple? It has has a huge move the past year (as all of them have), but what do you think the ultimate potential is there? $10? $50? $1000?
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Post by biposter on Apr 16, 2021 7:35:09 GMT
Hey JHam, yeah, even the worst garbage coins have pumped hard: BCH, BSV, and XRP. As you may know, the SEC is suing Ripple, saying their token is a security. XRP crashed on this news back in Dec. There were rumors spread online last week of a pending settlement, and that may have pumped it. And the fundamentals of XRP are terrible. It basically has no use (now cuz of stable coins and the upcoming $FB Diem), and it’s just the insiders selling XRP to enrich themselves. But if the SEC were to settle (I doubt it, but I’m not really following it), then it could pop. But if the SEC sees it through and wins, XRP will crash back down. And all the U.S. exchanges have delisted it, but it’s still available on all the non-U.S. exchanges. And look at the meme coin DOGE. It’s now at $0.25 from $0.06 just two weeks ago lol. The Dallas Mavericks are now accepting DOGE as payment for game tickets and for their merchandise, and that may have pumped it. And Elon tweeted about DOGE again, so I think that’s an interesting meme pick lol! If you want some interesting crypto spec plays, follow @incomesharks on Twitter. He’s legit and he’s had some great 100x-bggr picks.
Wow, I follow some ETH maxis on Twitter, and I’ve never heard the $30K ETH price target lol! They are saying $10K in this cycle. But like you said, in the long term, yeah, I think ETH could hit $30K. When all the L2s are online (probably by July) and when EIP-1559 is implemented also in July (ETH becomes deflationary), I think ETH is going to rip like crazy. I agree with you: load up on ETH.
Yeah, $GS CEO said on their CC yesterday that he believes bitcoin will overtake gold’s market cap. And BlackRock CEO, Larry Fink, said on CNBC that he thinks it will become a “great asset class.” And according to Coinbase (through The Block’s Larry Cermak), expect to see announcements in the coming months from about five S&P 500 companies, saying that they added bitcoin to their balance sheet. If this news is true, I think we’ll see bitcoin pop $5K or higher just on that initial announcement. Then when the next one hits, and the next one, etc., maybe bitcoin hits $100K! So, yeah, gotta keeping buying more bitcoin!
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Post by JHam on Apr 16, 2021 8:41:29 GMT
Hey JHam, yeah, even the worst garbage coins have pumped hard: BCH, BSV, and XRP. As you may know, the SEC is suing Ripple, saying their token is a security. XRP crashed on this news back in Dec. There were rumors spread online last week of a pending settlement, and that may have pumped it. And the fundamentals of XRP are terrible. It basically has no use (now cuz of stable coins and the upcoming $FB Diem), and it’s just the insiders selling XRP to enrich themselves. But if the SEC were to settle (I doubt it, but I’m not really following it), then it could pop. But if the SEC sees it through and wins, XRP will crash back down. And all the U.S. exchanges have delisted it, but it’s still available on all the non-U.S. exchanges. And look at the meme coin DOGE. It’s now at $0.25 from $0.06 just two weeks ago lol. The Dallas Mavericks are now accepting DOGE as payment for game tickets and for their merchandise, and that may have pumped it. And Elon tweeted about DOGE again, so I think that’s an interesting meme pick lol! If you want some interesting crypto spec plays, follow @incomesharks on Twitter. He’s legit and he’s had some great 100x-bggr picks. Wow, I follow some ETH maxis on Twitter, and I’ve never heard the $30K ETH price target lol! They are saying $10K in this cycle. But like you said, in the long term, yeah, I think ETH could hit $30K. When all the L2s are online (probably by July) and when EIP-1559 is implemented also in July (ETH becomes deflationary), I think ETH is going to rip like crazy. I agree with you: load up on ETH. Yeah, $GS CEO said on their CC yesterday that he believes bitcoin will overtake gold’s market cap. And BlackRock CEO, Larry Fink, said on CNBC that he thinks it will become a “great asset class.” And according to Coinbase (through The Block’s Larry Cermak), expect to see announcements in the coming months from about five S&P 500 companies, saying that they added bitcoin to their balance sheet. If this news is true, I think we’ll see bitcoin pop $5K or higher just on that initial announcement. Then when the next one hits, and the next one, etc., maybe bitcoin hits $100K! So, yeah, gotta keeping buying more bitcoin! Thanks for this post, lots of great info here. Actually I didn't know that about Ripple. It, as well as DOGE, DOT, and ADA, are on my watchlist, and I saw how XRP ran from the $.40s. I will definitely steer clear from that one. DOGE is what initially got me curious about taking a dive into crypto. I saw it running like 300% on a Sunday and was like what the heck?? lol. I would have bought DOGE a while ago with some play money, just because of the buzz around it, but we can't buy it in Japan. In fact, the only platform here is Kraken, and the only coins available to buy are BTC, ETH, ADA, XRP, DOT, and LTC. Mark Cuban apparently even thinks that ETH could be bigger than Bitcoin, mainly because of smart contracts. Not sure about that but I like the enthusiasm. Raoul Paul said in an interview that he thinks we could see $20K in ETH this cycle. Not sure about that either, but he knows a lot more than I do. I got my $30K number from a guy who I watch on YouTube. I post the video below. I like this guy because he is not a bullsh*tter, doesn't get caught up in hype and is always conservative in his analysis:
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Post by JHam on Apr 18, 2021 4:26:53 GMT
Holy smokes. Cryptos are getting punished today. Lots of rumors swirling around about the Feds going after financial institutions for money laundering via cryptos. Looks like $6B was liquidated in just a few hours.
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