Cryptocurrency

[Frozenbeernuts 2,252]

Naked Mole just crossed $1 million market cap. I'm about a 37x on it. I scooped some profit so it's all gravy from here. I expect a minimum 10x from here. With the narrative and how hot it is, I could see a 100x still. 100m mc isn't that ridiculous once the bull run really takes off.

[The Real timschochet 6,750]

19 minutes ago, Frozenbeernuts said:

Naked Mole just crossed $1 million market cap. I'm about a 37x on it. I scooped some profit so it's all gravy from here. I expect a minimum 10x from here. With the narrative and how hot it is, I could see a 100x still. 100m mc isn't that ridiculous once the bull run really takes off.

I’m starting to notice that a lot of anti-Semites and conspiracy theory types are also really into this Crypto stuff. 

[Frozenbeernuts 2,252]

Just now, The Real timschochet said:

I’m starting to notice that a lot of anti-Semites and conspiracy theory types are also really into this Crypto stuff. 

I like making money. It's pretty simple.

[Alias Detective 1,399]

Sad for @Cdub100 

He sold at the rate drop and crypto keeps climbing.

[jonmx 2,429]

On 10/12/2024 at 12:11 PM, The Real timschochet said:

I’m starting to notice that a lot of anti-Semites and conspiracy theory types are also really into this Crypto stuff. 

Just keep watching and have faith in the MSM and stay completely clueless

[Alias Detective 1,399]

Crypto now, and rightly so, seems tethered to the Russell 2000.

Is this its new benchmark?

[Cdub100 3,903]

On 10/16/2024 at 7:20 AM, Alias Detective said:

Sad for @Cdub100 

He sold at the rate drop and crypto keeps climbing.

I haven't sold any crypto. I will start DCAing out in the next few months as we move into the parabolic rally.

I did move some stocks around. I moved 10% in Sept and 10% in October into cash. I will probably move another 10% in Nov and Dec and let the rest ride.

[peenie 1,915]

Is this all just gambling? Like, no one seems to be actually using any of these coins other than guessing if it's going to go up and trading it. It's just a making money scheme. 

[purdygood 351]

1 minute ago, peenie said:

Is this all just gambling? Like, no one seems to be actually using any of these coins other than guessing if it's going to go up and trading it. It's just a making money scheme. 

It's literally just a ponzi scheme.  How is Crypto Currency valued?  In Real Dollars. 

[Cdub100 3,903]

1 hour ago, purdygood said:

It's literally just a ponzi scheme.  How is Crypto Currency valued?  In Real Dollars. 

Bitcoin is valued however you want to value it. Gold, Dollars, Yen, Peso, houses, pizza. cars, cart full of grocery, 

[Frozenbeernuts 2,252]

10 minutes ago, Cdub100 said:

Bitcoin is valued however you want to value it. Gold, Dollars, Yen, Peso, houses, pizza. cars, cart full of grocery, 

This is the correct answer. Bitcoin is separate from everything else. People can argue use case for a few more.

But yes, it's all gambling basically.

[Cdub100 3,903]

6 minutes ago, Frozenbeernuts said:

This is the correct answer. Bitcoin is separate from everything else. People can argue use case for a few more.

But yes, it's all gambling basically.

For the major coins like ETh, SOL, ADA, etc... I would say it's more like the OS wars for mobile phones. Eventually, there will be two winners. Like IOS and Android beat out, all the others.

Meme coins and everything else is gambling IMO for sure.

[TimHauck 2,850]

6 hours ago, peenie said:

Is this all just gambling? Like, no one seems to be actually using any of these coins other than guessing if it's going to go up and trading it. It's just a making money scheme. 

Criminals use it for ransom

[Cdub100 3,903]

Slowly than all at once...

[jonmx 2,429]

On 10/18/2024 at 9:38 PM, TimHauck said:

Criminals use it for ransom

Crypto are structured in a more honest way.  Debt-based currency is a massive scheme which makes the entire world forever chasing more and more debt.   We are slaves to our current money system.  And that the banks, particularly the central banks, don't want to lose this power.   It is a system which enslaved the masses by making it impossible to get rid of debt.  It is not reckless spending which causes every nation to be in massive debt.  It is inherient

[Frozenbeernuts 2,252]

On 4/14/2023 at 4:38 AM, Frozenbeernuts said:

31k

How many people still don't own any crypto? Just popped over 70k

[jonmx 2,429]

We are coming to the end of a three year consolidation period (looks like a cup and handle in chart terms) which is marking the next great bull run.  The election of Trump will be the spark as most of the anti-crytpto types will be purged out of the SEC and possibly even get Trump to follow through with the elimination of taxes on crypto.  Short term the price of bitcoin is going to smash through $73k and rocket up to $100k.  And this is just the beginning of the bull run which may end up around $500k.  

[Frozenbeernuts 2,252]

I went to cash in some spots in case some wild stuff goes down. When Trump is elected and the smoke clears, it's game on.

[BiPolarBear 485]

News flash: Trump may not win. If he doesn't he will claim the election was stolen.

I think crypto will be just fine without him. 

I bought more AERO and ONDO. I don't do meme coins. 

 

[Frozenbeernuts 2,252]

Bitcoin just missed touching $77k today. Man if only there was someone telling people it was an easy money bet to buy bitcoin in the 30s. I don't remember if I said anything in the 20s.

[jonmx 2,429]

On 11/1/2023 at 11:48 AM, jonmx said:

Solana has been a very steady riser the past couple of weeks and has gone from $21 to $41 in less than a month. 

 

SOL is $195....it has grown to over 60 percent of my portfolio.   9x is a little over a year. 

[Hawkeye21 2,398]

Trump wants to make the US the crypto capital of the world.  Could mean a lot of money for those who have been invested.

[nobody 2,667]

6 hours ago, Frozenbeernuts said:

Bitcoin just missed touching $77k today. Man if only there was someone telling people it was an easy money bet to buy bitcoin in the 30s. I don't remember if I said anything in the 20s.

Would've made more in NVDA.

[jonmx 2,429]

Cardano seems to be one of the biggest movers going from $0.32 to $0.60 this week.  BTC pushing $80k.  SOL close to all-time highs.  Hopefully we are at the start of the next big leg up.  Easily the most profitable 30-dsys I have had. 

[jonmx 2,429]

Next stop $100k BTC

[Cdub100 3,903]

It's been a good week. We are about 40k away from me starting to DCA out of my bitcoin position.

[easilyscan 924]

On 10/12/2024 at 11:11 AM, The Real timschochet said:

I’m starting to notice that a lot of anti-Semites and conspiracy theory types are also really into this Crypto stuff. 

You're beginning to remind me of Uncle Leo. 

 

[Frozenbeernuts 2,252]

10 hours ago, Cdub100 said:

It's been a good week. We are about 40k away from me starting to DCA out of my bitcoin position.

Really? I could see a short term dip since the price isn't exploding yet, which would be more in line with a true bull run. I'm still seeing no sign that the price is anywhere near the top for the cycle.

The US is going to have an official bitcoin strategic reserve. The US will be adding to that position most likely. What do you think happens when the US officially adds more bitcoin to the balance sheet? Do you think everyone else is going to just sit by?

[jonmx 2,429]

IMHO, this was the first real week of the bull run.  Up 32% for the week and 52% for the month.  I don't trade much, I just try to find the stuff I trust and hold on to avoid any short-term gains.  I see BTC in the beginning of a 5x run upto $300k over the next 18 months.   Loving SOL, which will do better than BTC.

  

[Alias Detective 1,399]

14 hours ago, Cdub100 said:

It's been a good week. We are about 40k away from me starting to DCA out of my bitcoin position.

I didn’t realize your intent was a 50% run up then sell.  You left many under the impression the rate cut was your immediate signal to sell. In fact, I think you moved your goal post a bit.  

[Cdub100 3,903]

1 hour ago, Alias Detective said:

I didn’t realize your intent was a 50% run up then sell.  You left many under the impression the rate cut was your immediate signal to sell. In fact, I think you moved your goal post a bit.  

No, I was very clear that I was holding my crypto into the bull run and would start DCAing out during the parabolic rise. I thought it would be right around this time, but the cycle is extending. I think Bitcoin hits 160k, but I plan to start moving out around 120k. I will not sell at the top.

The rate cut sell is for stocks (non-miners). I moved 10% out in Sep, Oct and Nov. I could be early with this. The market is going to crash. maybe this time next year,

I've never been perfect with my calls and don't pretend to be. 

[Cdub100 3,903]

5 hours ago, Frozenbeernuts said:

Really? I could see a short term dip since the price isn't exploding yet, which would be more in line with a true bull run. I'm still seeing no sign that the price is anywhere near the top for the cycle.

The US is going to have an official bitcoin strategic reserve. The US will be adding to that position most likely. What do you think happens when the US officially adds more bitcoin to the balance sheet? Do you think everyone else is going to just sit by?

Yes all excellent points that could change my price target top of 160k.

I will take some profits this cycle. 

And just to be clear. I keep saying I'm going to DCA (Dollar Cost Average) out. Every month I'll sell a little bit when I hit my number. I have far too much to sell. Coinbase will only let me move so much into my bank monthly account anyway.

[Frozenbeernuts 2,252]

1 hour ago, Cdub100 said:

Yes all excellent points that could change my price target top of 160k.

I will take some profits this cycle. 

And just to be clear. I keep saying I'm going to DCA (Dollar Cost Average) out. Every month I'll sell a little bit when I hit my number. I have far too much to sell. Coinbase will only let me move so much into my bank monthly account anyway.

Gotcha. Wise move.

[jonmx 2,429]

2 hours ago, Cdub100 said:

Yes all excellent points that could change my price target top of 160k.

I will take some profits this cycle. 

And just to be clear. I keep saying I'm going to DCA (Dollar Cost Average) out. Every month I'll sell a little bit when I hit my number. I have far too much to sell. Coinbase will only let me move so much into my bank monthly account anyway.

Sounds like a good position to be in.   If you believe in crypto, i would keep a decent chunk in crypto, kind of like a gold hedge against the dollar.  Good luck. 

My goal is get to seven figures in crypto.   Need about 7x from here.  

BTC touching $85k is another significant milestone. 

[Alias Detective 1,399]

4 minutes ago, jonmx said:

Sounds like a good position to be in.   If you believe in crypto, i would keep a decent chunk in crypto, kind of like a gold hedge against the dollar.  Good luck. 

My goal is get to seven figures in crypto.   Need about 7x from here.  

BTC touching $85k is another significant milestone. 

7 x  Most will be billionaires with a 7x

[peenie 1,915]

Just noticed my Bitcoin went up a little. Mind you, I don’t own a lot, but noticed an increase. Came here to see what changed…

[nobody 2,667]

3 hours ago, Cdub100 said:

No, I was very clear that I was holding my crypto into the bull run and would start DCAing out during the parabolic rise. I thought it would be right around this time, but the cycle is extending. I think Bitcoin hits 160k, but I plan to start moving out around 120k. I will not sell at the top.

The rate cut sell is for stocks (non-miners). I moved 10% out in Sep, Oct and Nov. I could be early with this. The market is going to crash. maybe this time next year,

I've never been perfect with my calls and don't pretend to be. 

You weren't that clear.  You said you were going to sell when rates were cut.  I distinctly remember it because it was so counter to traditional "don't fight the fed" thinking.

[nobody 2,667]

16 minutes ago, peenie said:

Just noticed my Bitcoin went up a little. Mind you, I don’t own a lot, but noticed an increase. Came here to see what changed…

The demon trump got elected.  Investors know he's going to be good for investments.

[jonmx 2,429]

17 minutes ago, peenie said:

Just noticed my Bitcoin went up a little. Mind you, I don’t own a lot, but noticed an increase. Came here to see what changed…

 

There was this thing called an election where this pro-crypto person was elected.  A little up?  

[Alias Detective 1,399]

14 minutes ago, nobody said:

You weren't that clear.  You said you were going to sell when rates were cut.  I distinctly remember it because it was so counter to traditional "don't fight the fed" thinking.

My recollection as well.