Bitcoin....who's gotten into it?

[carpathian]

Time can also resolve the current technical peril.

You suppose ETH 2.0 will iron out the messy software or is Cardano gonna slide in for the win? Wouldn’t ETH be the equivalent of Netscape at this point? And how does competition in that space affect BTC?

[4matic]

You suppose ETH 2.0 will iron out the messy software or is Cardano gonna slide in for the win? Wouldn’t ETH be the equivalent of Netscape at this point? And how does competition in that space affect BTC?

That’s all noise that TA is supposed to conflate

[Benny Profane]

If it was a good investment today, it will be a good investment tomorrow. .

Tell that to the goldbugs.

[byates1]

i work w a 29 yr old guy who took 100k and turned it into 900k. he's single, renting, and has not taken any profits.

i told him i would have taken 300/400 and bought an income property/land/ something..

he's down 350k since the pullback.

[byates1]

The other day stumbled upon a tweet by a crypto analyst that said that we are currently in the "Bull Trap" phase, and will likely see some sideways/green price action as people buy the dip. Once enough buyers are suckered in again, we will continue crashing. The targets are under $7K by 2022.

well max keiser says ath by june 4th for btc, and 220k by yrs end. we will know for certain around christmas this year my in depth forecasting says

[pureantigravity]

well max keiser says ath by june 4th for btc, and 220k by yrs end. we will know for certain around christmas this year my in depth forecasting says

This Max Keiser? Probably a reliable sell signal considering he's with the laser eyeballs crew. Even his his wife looks like she's waiting patiently for the dip. Or maybe she just took one of those cheetos he's holding.

Ironically, crypto has often bucked the Christmas dip. In 2017-2018, all the moons went full on in early January. Probably because all the crypto degens had nothing to do over Xmas and pumped the price so much. In any case, how bad can a Crypto Winter be, eh? The price always goes up.

[BobMc]

Rather here nor there, but...

https://oilprice.com/Latest-Energy-N...In-The-US.html

[CirqueScaler]

There's definitely potential to lose $$ in Bitcoin. Not to pollute this high quality thread with youtube faux-analysis, but I thought this commentator made a good point: https://www.youtube.com/watch?v=XbZ8zDpX2Mg

[MultiVerse]

^ Heh, since 2017 the S&P 500 has has returned +16% per year while bitcoin has returned 35% per year with about 4 times the volatility. If an investor wanted to achieve similarly excess returns with the S&P 500 as bitcoin with the same volatility they could have made a lot more money leveraging future contracts or margins: 4 x 16% = 64% per year.

That much leverage is maybe a bad idea (an individual decision) but an apples-to-apples comparison does show what kind of game people are participating in, whether they know it or not, with crypto.

[pureantigravity]

The problem with crypto is that the hodl mantra combined with so much outright scammery (and fraud and exchange shenanigans) creates a momentary illusion of wealth for most participants. One they never succeed in making into real money.

However, for those that cash out some and reinvest wisely (whatever that means?), this is basically printing lottery winnings. I don't have a problem with the 'get rich quick' aspect of it so much as the constant pretending that all is well (la la la plug fingers in ears).

People are printing money in crypto, both literally and figuratively. If someone is careful (don't send your ID to scam exchanges), and actually realizes gains (sure, hodl but don't take that to the extreme!), and actually buys stuff that isn't hyped in the Telegram groups (or from known scammers or bad rep people), and invests in what they understand (some overly complex system isn't your friend unless you understand it), ... then I don't see why they can't print themselves some cold hard cash that is way way better than the gains in the regular market. That assumes the market itself doesn't collapse (a la Tether) and they don't get rug pulled.

And yes, if you had bought any number of fast growing stocks you might have the same winnings. Might. The gains in crypto can be ridonkulous. The regular markets will always be there. The money printing in crypto might stop if the music stops. Unless you trade in an echo chamber and then you will probably still be trading even after the music stopped.

What stock is named after a furry cute dog and returns 10,000% in 3 months? What market produces a predictable asset bubble pattern every 3 or 4 years? What market is buoyed by companies desperate to pay off ransomware? What market eliminates overly ambitions leveraged traders with massive wash trading, leaving the humble hodler with even more gains? As long as the music keeps playing ...

[4matic]

One of the best drivers for Indy 500

[shera]

Is that really true? All I know is that Jack Maller is involved so I like it!

One of the best drivers for Indy 500

[Benny Profane]

One of the best drivers for Indy 500

History rhymes.

https://themotorhood.com/themotorhoo...won-at-le-mans

[4matic]

Outside front row. Rinus Veekay

https://motorsports.nbcsports.com/wp...up-5-23-21.pdf

[4matic]

https://youtu.be/YiVFU3aF2mU

[shera]

Not sure if I should express gratitude or not, you have most certainly sucked me into the Indy 500 vortex now. I've actually read (scanned) the line-up and the car is so beautiful. So beautiful that it must be fast enough to win, especially with one of the best drivers? Do I dare to care?

Outside front row. Rinus Veekay

https://motorsports.nbcsports.com/wp...up-5-23-21.pdf

https://youtu.be/YiVFU3aF2mU

[MultiVerse]

Hate to go there because Indy 500 has such a rich history but that car proves Bitcoin has become crypto for boomers. Jack Maller must've concluded boomers have all the fiat.

[4matic]

Not sure if I should express gratitude or not, you have most certainly sucked me into the Indy 500 vortex now. I've actually read (scanned) the line-up and the car is so beautiful. So beautiful that it must be fast enough to win, especially with one of the best drivers? Do I dare to care?

Bitcoin crash has new meaning. It’s going to be a great race. Fastest field in history and Carb day speeds were crazy fast.

Rinus Veekay won the Indy GP. He’s fast but the Chev’s were down on speed to the Honda’s all month

[4matic]

Hate to go there because Indy 500 has such a rich history but that car proves Bitcoin has become crypto for boomers. Jack Maller must've concluded boomers have all the fiat.

True, but the race has transitioned back to a required party event in recent years despite stricter policies. Nothing like the good ole days.

[Bunion 2020]

That is a beautiful machine. I lived in Indy before I discovered skiing and moved to Utah. Friends who still live there tell me the 500 is a shadow of its former self when it comes to the party. I went to maybe 5-6 events (last was about 1982) and never really saw any of the race, saw a lot of boobies though, redneck Mardi Gras.

[Meathelmet]

True, but the race has transitioned back to a required party event in recent years despite stricter policies. Nothing like the good ole days.

Why was Tom Clancy/Iceman @ 0.35-0.40s talking about divends?

[PeachesNCream]

Curious, what exchange are people using?

[MakersTeleMark]

A very little coin base pro, some binance.Us, kucoin, and then you have the amm exchanges.

[Benny Profane]

Hate to go there because Indy 500 has such a rich history but that car proves Bitcoin has become crypto for boomers. Jack Maller must've concluded boomers have all the fiat.

I really really doubt hardly any Boomer is fucking around with Bitcoin. You know, civilians. Sure, plenty of Boomers selling it, I suppose, but, that near death? Nuh uh.

[pureantigravity]

Doge is better than Bitcoin. And Nascar is way better than Indy. Just sayin.