That's the only thing that you can mess with. You have to have a residence and be able to live the standard of living that you want. After that, in my mind, a majority of your investments should be in crypto. Around Jan 1, 2025 it's time to reevaluate. Not advice, just my thoughts.
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$39,840.
I've tried to keep my price projections short-term and reasonable. We're about 90 days out to 3/1/2024. +10% would get close to $44,000. Don't think that's unreasonable.Where's the fuckin power box, Carol?Comment -
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Good one, Opti!Where's the fuckin power box, Carol?Comment -
$40,800. Hold on, boys. Wheels are in motion.
Not that anyone cares, I got drilled on my NFL picks today. Thankfully, I'm not betting very big.
I mentioned on here some time ago. You really shouldn't be holding big sportsbook balances in USD denominations. Fiat-based USD is eroding, and BTC is taking off.Where's the fuckin power box, Carol?Comment -
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Your thoughts coincide with the sentiment of the crypto crowd, and more importantly, some very sharp guys I know personally. Guys that made money on LUNC last May and overall felt really good about themselves during the previous bull cycle.
Anyone sitting on the fence about 'this whole crypto thing' should realize that this, 2023-2025, is likely the last major money making opportunity in this space. Especially for those who have the time and the brains to research new tokens 7 days a week, and have some balls. After CZ settled, every major exchange will follow suit, and there will be more regulatory disruption in the near future. More security for an average Joe, less volatility for steel-balled pros to profit off of.
Time to act is now.Last edited by Vene1616; 12-04-23, 09:35 PM.Comment -
Exactly, Vene. I've studied the 24-month periods around the halving date. +/-12 months from the halving date, results speak for themselves.
Let's say you have a gambling fund with a $1,000. So much nicer to hold that in BTC. Let's say BTC/USD goes up 20% in coming months. You'd have to hit a pretty nice ATS win rate to keep up with inflation. People are waking up to the USD decline.Where's the fuckin power box, Carol?Comment -
Where's the fuckin power box, Carol?Comment -
Plan B video:
You never know if history is going to repeat itself. But man, that Stock-to-Flow model does seem to hug the BTC price pretty closely. Note the fractal and how likely the price increase would figure to be.Where's the fuckin power box, Carol?Comment -
I really like the brief weekly market updates Independant Reserve exchange sends out.
Bitcoin sailed through the US$40K (A$60.4K) mark yesterday and then broke the US$42K (A$63.45K) mark today thanks to ever-growing confidence about an early January approval of a Bitcoin ETF. There is the risk of a big fall of course, if those expectations are not met.
Bitcoin finished the week up 12% to trade around A$63,420 (US$41,816), while Ethereum gained 10% to trade around A$3,395 (US$2,238) at the time of writing.
Bitcoin is now at levels last seen in April 2022, before the Terra collapse, and the BTC market cap has overtaken Berkshire Hathaway's (value investing icon Charlie Munger who passed away this week). Apart from anticipation over the ETF, the apparent peak of interest rates in the US has reportedly been met with a "dash for trash", with gold, small caps and speculative tech stocks benefiting along with crypto. US crypto stocks surged on Monday, and Coinbase, Marathon Digital Holdings and Riot Platforms are closing in on astonishing 300% gains for the year.
Elsewhere, XRP was up 3%, Solana gained 11%, Cardano 7% and Dogecoin 14%. The Crypto Fear and Greed Index is at 74, or Greed.
From the IR OTC Desk
Softening US inflation data has seen risk assets strongly bid, and this includes cryptocurrencies. For the last few weeks, we have highlighted a general theme of profit taking, post the extensive November cryptocurrency rally. This now looks to have been halted and reversed, with a renewed interest in cryptocurrency allocation. The rally continues to be BTC-led, as the market is all but certain of an imminent US spot ETF approval. Any delay or complication in the approval process may result in a period of sharp volatility and is certainly something to remain attentive towards.
Of particular interest this week has been the forward profile of the BTC futures market, which is currently suggesting a price of USD 44,000/BTC to acquire 1 BTC at the June 2024 expiry (cash settled). Interestingly, this is only 4.75% away from the current spot price of USD 42,000 (unadjusted for carrying costs). Right here and now, there appears to be a dislocation between retail market expectation of significant pricing moves, and the tradable price in the wholesale market.
We remain attentive to any changes in the ETH/BTC cross. Since the middle of October, the cross has remained range bound between 0.0520 and 0.0560. So far, Alt performance hasn't aligned with ETH outperformance. This remains somewhat counterintuitive.
In macroeconomic markets, last week's US PCE inflation data (the Federal Open Market Committee's preferred measure of inflation) highlighted an October headline inflation rate of 3.0% (YoY). While this was in line with market expectations, headline inflation was materially softer than the September reading of 3.4%. On the Core, PCE inflation lowered to 3.5% (YoY) in October versus 3.7% (YoY) in September.
Correspondingly, US 10-year Treasury bond yields have lowered from 4.32% down to 4.25% this week. On the 31st of October, US 10-year Treasury bond yields were trading near 4.97%, making the rally in November one of the most profitable for bond holders in the last 30 years!
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C'mon alts! *cracks whip*Comment -
Oh yeah. Many "experts" say Bitcoin is only going to 2x or 3x from here - that's the conservative side. Some of the alts are going to blow that away.
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I thinking of dumping all of my alts whenever it seems "prime time" is here - maybe a year from now. There's a very good index at cbbi.info - We are currently at 61 of 100 on the index. Anything in the 90's = time to sell.
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Market cap is taking off, too. Currently at 1.59T. Up ½ trillion in 2 months. All time high is 3T.Comment -
I'm almost all in BTC and ETH now. When alt season hits, I'll be looking for new coins/tokens that haven't already had a huge run. Some will but most don't go through a second run since the new ones become the shiny new toys. Too many people think that the best project wins. It doesn't work that way in crypto. The project still has to be good but some of the best fail. It's about community and adoption.Last edited by raiders72001; 12-05-23, 05:46 PM.Comment -
Thank you, I do have a small holding in ETH. Just to be diversified.Where's the fuckin power box, Carol?Comment -
That's a sound strategy.
I still got some APE, SHIB and DOT and they've been disappointing. However, I do believe they will all go up when the bull run really gets going at which point, I will dump them like a hot potato.
Ya know, I come forward with stuff here that people don't usually talk about on an internet forum. A part of me wants to share my mistakes so others can learn. There is no manual for this stuff. In crypto, one has to learn everything on their own....Comment -
Where's the fuckin power box, Carol?Comment -
Hello 44
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I think that spot ETFs will be approved sometime between Jan 5-10 and that's why we are getting this jump now.Comment -
yahoo financeNow, Grayscale is the entity that manages the GBTC, that's the Grayscale Bitcoin investment trust, one of the few in the world only available to private subscribers. It's a closed-end fund. They've wanted to convert it to an ETF, so they can get retail investors.And they were the ones who filed the lawsuit and they won with respect to the SEC. They beat the SEC. But it's not clear if they're going to be among these first movers.
But as far as the date, we're looking at January 10-- January 5 to January 10. There are two different offices within the SEC that have to clear this, two different Congressional laws at work. You have the 1934 Securities and Exchange Act and you also have the 1933 Securities Act. And paperwork was just filed by BlackRock.
And that information you were talking about, the seed investor. Who's investing in this ETF that hasn't been launched yet? Well, a seed investor. This is how you start the process.
And so we, kind of, knew that already. It already leaked out. But this is confirmation and just another incremental step, more incremental knowledge that this is going to happen and happen soon early January.Comment -
Raider, can you feel that bull-run coming?
Where's the fuckin power box, Carol?Comment -
Where's the fuckin power box, Carol?Comment
