Oh what a difference a month makes. Both administrations are pro crypto. ETH ETFs on the horizon. Memes are still leading the way and picking up steam. Rate cut coming this year. We’re primed for some big things.
Wow. It’s at $67k right now. Were you able to get in before price went up again?
That’s the spirit! Hahaha. Do you really allot a portion of your paycheck to purchasing $MSTR? Do you still buy even when prices are at ATH?
Also, amazing returns! Wow.
HAHA. I spoke too soon!
Oh yeah, Billy! Are you also actively buying more?
I’m rotating in and out of stables. Majority memes, since that’s where the crazy gains are at the moment.
I’m still wondering, can this assumption be trusted? BTC to 10 Million, what is the baseline? BTC has no intrinsic value, the number we have now base on the fight of two poles. If there is other instrument accepted by consensus, will BTC get dumped, since no rule around BTC.
I’m still don’t understand the adoption of BTC as ETF, or in MSTR are done by market demand or a necessity. Any body feel the same with this situation?
I also realize dollar is no longer as strong as before. Will be another alternative to keep economic value?
Gold doesn’t have intrinsic value either and it just made a new ATH. BTC is a hedge against USD. Dollar printing has gotten out of control. If there’s competition against USD as the world’s reserve ccy, it’ll be digital. All the country’s income taxes won’t be able to pay for the interest on our debt in a few years. I expect BTC to keep it’s trajectory as BTC becomes more and more scarce. People constantly lose BTC, lowering the supply even more. We’ve mined 94% of all possible BTC… only 100 years remain for the last 6%.
I’ve just seen it do incredible things over time and I’ve given in. It’s not too late and with such a strong dollar (relative), now is the time to buy anything with it.
Thanks @EmeraldEyes for your response.
I am still limit my exposure to crypto. I had 8-10 BTC in around 2011, but I have lost the wallet.
What I see, gold is multi purposes asset. I went to goldmine (Papua), and saw how gold was mined. The process itself define the gold value. So, it has intrinsic value. The up and down are part of speculation from Supply and Demand.
For crypto, I believe it’s still limited known by people. Most of us enjoy the trades more than understand how it works. The limit of number of crypto will depends on the developer. Such as BTC 21 millions coin, it’s just assumption. It can be added more if the consensus allow. When all coins have been mined, how does a miner will earn after they finish the validation work. Without solution, all miners will stop.
Many aspects in crypto are still missing. For example crypto journal is getting bigger and bigger, after 100 years, it will be worthless, but if your remove part of it, it will be an entry point to manipulate the history, giving birth to phantom coins. Don’t mention when quantum computer becomes common.
I prefers crypto run as CBDC. It needs controller, can’t be as free as now. Fiat currency up and down are mostly happened due to international trades. Part of them hedging activities that don’t need to be always profit. That makes the currency fluctuations becomes super liquid.
Btw, I’m still wait and see with crypto. Curious and fear
I follow RIOT, MARA, BTBT, HUT & such as I’m in the power generation industry. Abet in California so we won’t ever mine Crypto but Marathon had a coal plant in Montana similar to our Biomass plant… with similar issues which led to shut down.
I believe miners can still run transactions to make money? Or maybe their end game is 100 years from now.
Its an interesting field… probably what made me invest was seeing BTC/USD ETH/USD LTC/USD on the sidebar all day on BloombergTV. haha. Finally just gave in.
Fed Sept rate cut 100% priced in. Odds are: 35% for 25bps cut… 65% for a 50bps cut as unemployment rises again
BTC is sky diving. Will it crash of rebound? The movement is just too perfect. Just wish for the best to all keepers.
Interesting! Do you also regularly sell your coins or do you just mostly buy and HODL?
Would love to see updates on this, tbh! Have you thought of creating a trading journal about this? I think Dennis has a similar thread where he shares about how he buys BTC regularly, I think.
Rebound! Haha. I missed the dip again though. In a post, you said that you’re still at wait and see with crypto. I’m almost at the same area as you, but I wonder what can finally convince you to go all out on crypto?
Hi @ria_rose, Until now, crypto has no intrinsic value. No fundamental to its price movement. The white paper is also no value in term of functionality, economic and what so ever. This is the problem with crypto, no body can define the value of it. It has no regulator to monitor their operational.
Event USDT and USDC can’t be audited accurately to be in pair with USD.
All of this making crypto has no value. Currenty value is merely speculation from unofficial market maker. Unofficial means no baseline for determination.
For example BTC, what define its current value? For fiat currency, the value is define by trade balance and peculation in between hedging activity. The same to gold and even stock market.
Many other things make cryptos are very dangerous. The uncertainties make crypto is not for investing. It’s speculative financial “toys”.
I’ve started selling and rotating. Last two cycles I held too long and got crushed. Now I use stablecoins or rotate into BTC or eth. Digital wallets and exchange wallets make that so easy to do.