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The end of Bitcoin or take over by Big Money

CJ Smalls

CJ Smalls

Member
Aug 15, 2020
41
36
Here's how you know all the cryptos are going to crash and burn..... I've finally thrown in the towel and bought into a few of them.

Sorry in advance!!! ;)
 
tommyguns2

tommyguns2

Senior Moderators
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Dec 25, 2010
5,180
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I've always thought crypto was a pseudo scam, and if it wasn't, then as soon as it started to get real traction, national governments would shut it down as it's such a big threat. I still think there is danger that China and/or US and/or EU will try to regulate it to worthlessness, but as major institutions (such as JP Morgan and Goldman Sachs) have started to get involved, I'm no longer so sure. I'm open to putting maybe 2% of my assets into crypto as a hedge, but I'm likely going to wait until it falls further, and try to buy it at a relative discount.
 
macgyver

macgyver

TID Board Of Directors
Nov 24, 2011
1,777
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Great time to buy. Look at who is scooping up the dips.

Feel pretty comfortable that Aug will see 100 k btc.

Not a big fan of alts. We are following the same pattern right now we did in 2017. Bitcoin losing market dominance. Alta go crazy.

I am long btc anyway. No plans on selling even at 100k. No plans on selling ever really. No reason to. Many options coming out for crypto lending with as little as 1% interest. No taxable event is triggered and you retain the coins that are appreciating. At least that's my plan forward.

Currently earning 4 figures/ month in interest interest. Which are paid in btc. So if btc goes back to 60 it is like making 3k / month...etc.

I am not in it for the short. Started mining in 2013 and have never sold anything.

My goal was always go big or go home and have it be something life-changing. But the long-term plan is really to never sell.
 
Swiper

Swiper

VIP Member
Jan 8, 2011
1,022
772
Feel pretty comfortable that Aug will see 100 k btc.
.
do you want to put some money on that?


i’m going to predict bitcoin will be less than it currently is today in August.

right now one bitcoin is $44,800

i’ve been wrong this entire time on bitcoin, I’m probably wrong again. lol
 
macgyver

macgyver

TID Board Of Directors
Nov 24, 2011
1,777
1,290
do you want to put some money on that?

I already have....I am not just talking. I doubled my btc position earlier this year, buying at 6, 8, 12, and14. I stopped buying at 14. But recently I sold a pretty expensive car (6 figure) and bought BTC with it in the 50's.

I am not playing around or talking out of my a$$. I actually follow this closely.

I predict 100-125 by July Aug then a pullback. How far....don't know. 50-80.

Then all goes crazy in 2024. 350k+ and if that happens I am 7 figures several times over.

In the meantime, I am earning 2-4k / month in interest.....

Thought about buying 32eth and staking but I am 95% btc with only 10% eth. If I had an "extra" 120k I'd buy more btc.
 
macgyver

macgyver

TID Board Of Directors
Nov 24, 2011
1,777
1,290
My prediction..... BTC is following options right now for 'max pain'. This is the whales taking advantage of pressure that Musk placed and them able to exert further sell off (to create opportunity to buy more at discounts).

In the next week or so this should settle out and we will be back at 52 within 2 weeks. That is my call. By no means a guarantee....but just my best guess.

If regains 52 I will make my predictions from there.
 
macgyver

macgyver

TID Board Of Directors
Nov 24, 2011
1,777
1,290
Buying more BTC. Thought about it hard, but (for me) this is a buy opportunity.

If I am wrong...well then I will lose. If I am right, than I will reap the upside.
 
BackAtIt

BackAtIt

MuscleHead
Oct 3, 2016
1,792
487
I've always thought crypto was a pseudo scam, and if it wasn't, then as soon as it started to get real traction, national governments would shut it down as it's such a big threat. I still think there is danger that China and/or US and/or EU will try to regulate it to worthlessness, but as major institutions (such as JP Morgan and Goldman Sachs) have started to get involved, I'm no longer so sure. I'm open to putting maybe 2% of my assets into crypto as a hedge, but I'm likely going to wait until it falls further, and try to buy it at a relative discount.
Isn't Musk an shill?.....I've heard he pulled that stunt so that people will be "begging" for the gov's intervention (regulation)?....

.
 
C

C T J

Crossfit VIP
Jan 24, 2013
2,384
660
=
Here's how you know all the cryptos are going to crash and burn..... I've finally thrown in the towel and bought into a few of them.

Sorry in advance!!! ;)
same haha bought a micro futures contract at 39915 today. low leverage, low risk.
 
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