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Post by JHam on May 3, 2021 8:43:55 GMT
Added some more ETH this morning. I think we will see $3000 before the end of May. Raoul Pal said last week that he was thinking of selling all of his Bitcoin and putting it into ETH. I seriously doubt he will but I like his thesis for doing so: www.investing.com/news/cryptocurrency-news/raoul-pal-wants-to-sell-his-bitcoin-and-go-allin-on-ethereum-2483022Raoul Pal wants to sell his Bitcoin and go all-in on EthereumAt the beginning of the year, Pal topped up on his ETH holding, reshuffling his portfoliofrom a ratio of 80% BTC/20% ETH to 70% BTC/30% ETH. Yesterday, the CEO took to Twitter to explain why he is very bullish on Ethereum. To be brutally honest, I stare at the chart of ETH/BTC and I see an enormous rounded bottom with potentially huge breakout just above.... pic.twitter.com/85hfawq0bx— Raoul Pal (@raoulgmi) April 21, 2021He started by admitting that Ethereum was a key piece of the DeFi and NFT community. According to him: When you price anything up in DeFi, NFT, community tokens, or even metaverse worlds, everything is basically priced in ETH, including designers time, etc. ETH is rapidly becoming the currency of the digital world and BTC is the pristine collateral and base layer.He goes on to express his struggle with selling his entire Bitcoin holdings for Ethereum. At this point in the risk cycle and with ETH 2.0 coming (cheaper fees and less supply), I’m struggling to not sell all my BTC to move my entire core position to ETH. To be clear – I’m a massive BTC bull, but I think ETH is the better asset allocation for performance right now.Pal is not alone in his thoughts. Peter L. Brandt, who is also one of the world’s most respected commodity traders, couldn’t help but agree with the former’s assessment. Responding to Pal, he said, “Raoul, I see it the same way.”Or maybe we'll see it by the beginning of May. Just blew right by $3000K And now $3200! Maybe $4000K before end of May?
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Post by selluwud on May 3, 2021 11:29:02 GMT
I stuck my toe in last week with an eToro account. Ethereum & Ethereum classic along with some fractional BTC buys. eToro has a feature where you can copy selected top performers accounts automatically (your account mirrors theirs) and I am trying that as well. Maybe my timing was lucky, but I'm in for the long term.
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Post by JHam on May 3, 2021 15:23:59 GMT
I stuck my toe in last week with an eToro account. Ethereum & Ethereum classic along with some fractional BTC buys. eToro has a feature where you can copy selected top performers accounts automatically (your account mirrors theirs) and I am trying that as well. Maybe my timing was lucky, but I'm in for the long term. Great timing. I’m also in it for the long term and plan to keep adding ETH under $5000K.
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Post by selluwud on May 3, 2021 21:31:49 GMT
I stuck my toe in last week with an eToro account. Ethereum & Ethereum classic along with some fractional BTC buys. eToro has a feature where you can copy selected top performers accounts automatically (your account mirrors theirs) and I am trying that as well. Maybe my timing was lucky, but I'm in for the long term. Great timing. I’m also in it for the long term and plan to keep adding ETH under $5000K. Maybe sooner than you think! fortune.com/2021/05/03/ethereum-price-ether-5000-dollars-record-high-crypto/
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Post by JHam on May 3, 2021 22:54:38 GMT
I definitely wouldn’t be surprised. I can’t add fast enough!
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Post by JHam on May 4, 2021 13:40:36 GMT
ETH just crossed $3500K, but good god, Doge is at $.55. For a meme coin. I’m wondering if it is getting pumped in anticipation of Elon Musk’s SNL appearance this Saturday. No doubt he’s gonna find a way to mention it or have be part of a skit.
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Post by JHam on May 4, 2021 13:51:57 GMT
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Post by biposter on May 5, 2021 7:23:53 GMT
www.coingecko.com/en Yeah, $DOGE is now at $0.67 lol! Maybe a “sell the news” after Saturday? It is a great meme coin, but its market cap is now at $87B lol -- dwarfing $COIN’s m/c. Gemini added $DOGE to their exchange today, and people do love this coin lol. Yeah, selluwud, nice buy on $ETC. It’s already doubled in the past few days, but $ETC has undergone two successful “51% attacks” last year, and they had to roll back their chain each time, I believe. It’s a very unsecure network and could be hacked again, but I believe people are buying it bc it has “Ethereum” in its name. But who knows? Even BCH and BSV (two forks off $BTC) are still pumping. Granted, he’s a ETH maxi permabull, but here’s a short video (watch all four) explaining the extremely bullish catalysts coming in the next few months (July: EIP-1559 implemented; Dec: ETH1 <> ETH2 merge and moving from PoW to PoS). I’m going to get the details wrong here (again, the technicals don't really interest me; it’s just how it relates to the investment thesis!), but after EIP-1559 (probably on July 14), $ETH will become a deflationary asset -- more $ETH will be burned (some of the current miner fees) than will be issued. $ETH currently has a 4% annual inflation rate (compare that to $BTC which is at 1.67%, which is just above that of gold’s). This July, it will drop to -1%, and will become deflationary. This will stanch the heavy flow of new ETH issuance/supply and will be bullish for $ETH’s price. Then in Dec., after ETH1 and ETH2 are merged and moves completely to proof-of-stake (right now, both Bitcoin’s and Ethereum’s consensus mechanism is by proof-of-work -- all that computing power used in mining activity), Ethereum will no longer have any miners, and thus no more rewards and tx fees going to miners and instead to the stakers/validators. So that will be a massive reduction in $ETH sell pressure. Plus, all that reward going to stakers will drastically increase the APY (it’s currently ~7% if you stake in ETH2, and it is projected to jump as high as 70% immediately after the merge [and gradually settle down at ~25%], which will incentivize even more to stake their ETH, and thus greatly reducing the liquid supply, dropping the $ETH sell pressure by 90%). So RSA of Bankless predicts a $10K $ETH price after EIP-1559 this July. After the ETH1 <> ETH2 merge in Dec.? Who knows how high? decrypt.co/69323/damn-huge-germany-opens-up-to-institutional-crypto-fundsAnd don’t neglect $BTC. Massive institutional accumulation going on -- the mother of all consolidations. This news from Germany last week flew under the radar, but on July 1st, 4,000 “Spezialfonds” will be able to allocate up to 20% of their AUM to bitcoin/crypto. These institutional Spezialfonds collectively hold $1.8T in assets, and “right now, 0% of the funds are invested [in bitcoin/crypto], because they’re just not allowed.” The article continues on: “This won't happen overnight, but we are talking about the largest investment vehicle that we have in Germany—literally all the money is in there,” he said. Theoretically, up to €350 billion ($422 billion) could enter the crypto market from Spezialfonds alone, he explained. (For comparison, Bitcoin’s current market cap is $1 trillion.).” But I think what will trigger the start of the next parabolic ascent will be when the first of five S&P 500 companies announce their initial bitcoin allocations. Per Larry Cermak’s reporting (from Coinbase insiders), we should hear from the first company sometime by the end of May to the end of June. $100K incoming. (I give a 25% chance that the Van Eck bitcoin ETF will be approved on July 17th, which would be a huge catalyst: www.coindesk.com/sec-pushes-vaneck-bitcoin-etf-decision-to-at-least-june,) And, finally, don’t forget DeFi. $UNI and $LINK are already at $20B m/c (and $UNI v3 tomorrow, and $LINK partnering w/everyone). But look at the future of banking: $AAVE (and to a lesser extent, $MKR & $COMP) is at a $5.6B m/c. And look at the future decentralized derivatives exchange: $SNX at a $2.5B m/c. And then here’s the premier defi protocol that automatically actively manages your funds to secure the highest yield from all the defi yield generators out there: $YFI at a scant $1.8B m/c (don’t let the $50K price tag dissuade you; it has a max supply of just 37k coins). Add some $NXM (defi insurance) and some $NFTX (a basket of NFT tokens) and you’ve got it covered. Or you can just buy $INDEX or $DPI through Uniswap. Then move all these tokens to Gemini Earn and get a 2%-5% yield (except for $INDEX and $DPI). When using $YFI (Yearn.Finance) becomes easier, and all contracts come automatically with $NXM insurance coverage in case of hacks, move it all into $YFI at ~10% yield. (Btw, where does all that yield come from? From different sources, but one of the main ones is from users who transact on these protocols must pay a transaction fee [kind of like a trading commission fee], which will partially go to these investors who deposit their tokens [liquidity providers or “LPs”]).
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Post by selluwud on May 5, 2021 11:59:51 GMT
Picked up some Doge when eToro made it available, got in low .40's, the play on Elon's jawboning sounds interesting. Sell the news???
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Post by selluwud on May 5, 2021 18:06:43 GMT
www.coingecko.com/en Yeah, $DOGE is now at $0.67 lol! Maybe a “sell the news” after Saturday? It is a great meme coin, but its market cap is now at $87B lol -- dwarfing $COIN’s m/c. Gemini added $DOGE to their exchange today, and people do love this coin lol. Yeah, selluwud, nice buy on $ETC. It’s already doubled in the past few days, but $ETC has undergone two successful “51% attacks” last year, and they had to roll back their chain each time, I believe. It’s a very unsecure network and could be hacked again, but I believe people are buying it bc it has “Ethereum” in its name. But who knows? Even BCH and BSV (two forks off $BTC) are still pumping. Bio, thanks for the props. I've read about the previous attacks on ETC and the split to ET but I'm looking to cash out soon. I read projections of 100-120 for $ETC targets and will get out before then as my average cost is 48.00. Biposter, do you have any input on a target number for this one??
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Post by biposter on May 5, 2021 18:21:13 GMT
Wow, very nice trade. $ETC was just at $55 yesterday, and now it hit $93! What am I doing in $ETH lol? Cool, selluwud, you already knew about that. But, no, I don’t follow it at all, and I have no idea. But throughout all these years, you seem to have some of the best timing of all those here on this board, so I trust you’ll kill it.
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Post by selluwud on May 6, 2021 11:37:43 GMT
Wow, very nice trade. $ETC was just at $55 yesterday, and now it hit $93! What am I doing in $ETH lol? Cool, selluwud, you already knew about that. But, no, I don’t follow it at all, and I have no idea. But throughout all these years, you seem to have some of the best timing of all those here on this board, so I trust you’ll kill it. I dumped 1/2 my ETC holdings when it crossed 100 and will sell the rest @ 119. Any profit is good profit. The back story on ETC makes me a little leery of long term involvement.
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Post by selluwud on May 6, 2021 17:05:58 GMT
Wow, very nice trade. $ETC was just at $55 yesterday, and now it hit $93! What am I doing in $ETH lol? Cool, selluwud, you already knew about that. But, no, I don’t follow it at all, and I have no idea. But throughout all these years, you seem to have some of the best timing of all those here on this board, so I trust you’ll kill it. I dumped 1/2 my ETC holdings when it crossed 100 and will sell the rest @ 119. Any profit is good profit. The back story on ETC makes me a little leery of long term involvement. I kept some coin in ETC chancing smooth sailing. Tailing winds currently.
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Post by biposter on May 6, 2021 18:36:27 GMT
Wow! 3x-bggr in a week. And $ETC is now at $149! So with your remaining coins, maybe a 4x-bggr. I have no idea why that’s pumping. Maybe the $DOGE coiners moved into $ETC? Anyway, selluwud, very nice trade. *EDIT:
Oh, man! $ETC is now at $169! I’m going to open up an eToro account and “copy trade” yours lol. Wow, that thing is going crazy!
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Post by selluwud on May 6, 2021 22:07:05 GMT
Wow! 3x-bggr in a week. And $ETC is now at $149! So with your remaining coins, maybe a 4x-bggr. I have no idea why that’s pumping. Maybe the $DOGE coiners moved into $ETC? Anyway, selluwud, very nice trade. *EDIT: Oh, man! $ETC is now at $169! I’m going to open up an eToro account and “copy trade” yours lol. Wow, that thing is going crazy! Thanks Bio, copying me would be a sure way to go down in flames LOL. I kept about 10 "coins" in ETC after I read some material about them being more secure after making adjustments after the last "attack". I rolled some profits into CryptoPortfolio to spread the risk?
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Post by JHam on May 7, 2021 13:52:17 GMT
Wow! 3x-bggr in a week. And $ETC is now at $149! So with your remaining coins, maybe a 4x-bggr. I have no idea why that’s pumping. Maybe the $DOGE coiners moved into $ETC? Anyway, selluwud, very nice trade. *EDIT: Oh, man! $ETC is now at $169! I’m going to open up an eToro account and “copy trade” yours lol. Wow, that thing is going crazy! Thanks Bio, copying me would be a sure way to go down in flames LOL. I kept about 10 "coins" in ETC after I read some material about them being more secure after making adjustments after the last "attack". I rolled some profits into CryptoPortfolio to spread the risk? Wow. Nicely done Selluwud 👏🏼 I’m jealous that I’m so limited in what crypto I can buy over here. Posting a new interview with Cathie Wood:
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Post by JHam on May 7, 2021 13:53:29 GMT
Thanks Bio, copying me would be a sure way to go down in flames LOL. I kept about 10 "coins" in ETC after I read some material about them being more secure after making adjustments after the last "attack". I rolled some profits into CryptoPortfolio to spread the risk? Wow. Nicely done Selluwud 👏🏼 I’m jealous that I’m so limited in what crypto I can buy over here. Posting a new interview with Cathie Wood: I know this looks like click bait, but it’s actually a really good breakdown of how she foresees the crypto space in the near/immediate future.
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Post by selluwud on May 7, 2021 15:17:29 GMT
Wow. Nicely done Selluwud 👏🏼 I’m jealous that I’m so limited in what crypto I can buy over here. Posting a new interview with Cathie Wood: I know this looks like click bait, but it’s actually a really good breakdown of how she foresees the crypto space in the near/immediate future. Can't view on company network, but I will check out later. My ETC hit a stop loss overnight at 135 so I'm out of that for now. I'm in XTZ for now just on a whim, this field of investing is like the wild west, some are solid and some are like pyramid schemes (DOGE)
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Post by selluwud on May 7, 2021 17:06:06 GMT
Wow. Nicely done Selluwud 👏🏼 I’m jealous that I’m so limited in what crypto I can buy over here. Posting a new interview with Cathie Wood: I know this looks like click bait, but it’s actually a really good breakdown of how she foresees the crypto space in the near/immediate future. JHam, can you get/access eToro. Very simple crypto trading platform.
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Post by JHam on May 7, 2021 17:14:43 GMT
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