Cryptocurrencies Part III - We ran as if to meet the Moon

[x Tame Impala]

I'm not sure I understand the question. Can you please rephrase it?

He was wondering why BTC and ETH can have such drastic lows and yet people still have enough faith in it to hold their position, preventing it from going to zero.

BTC can drop down to $22k and ETH $1100, people don’t panic and sell their position causing it to go to zero. They’re so volatile yet people have enough faith in them not to sell

 

[McGarnagle]

The eating is good again boys

 

[The Crypto Guy]

The eating is good again boys

 

[FlappyGiraffe]

You guys think BTC goes sub 60 again? I got a decent chunk of cash on the sidelines right now that I want to buy some of the ETF with.

Looking at past cycles right around now is where it just goes up and doesn't look back so I don't want to be super greedy with my entry

 

[2CHAINZ]

We going to New Ath before dump? Or will I be able to jam every cent I can muster before we take off?

 

[McGarnagle]

We're so back

 

[The Crypto Guy]

We're so back

Hopefully after election night we are really back!

 

[2CHAINZ]

 

[McGarnagle]

 

[FlappyGiraffe]

MSTR just announced a plan to buy 42 billion worth of BTC over the next 3 years. Microsoft is also having a shareholder vote to explore buying BTC (board is advising against it).

Things are starting to get pretty interesting

 

[FlappyGiraffe]

New all time high for BTC!

 

[McGarnagle]

To the moon!

 

[2CHAINZ]

 

[2CHAINZ]

New all time high for BTC!

New all time low for fiat!

 

[Toothless Legend]

Really says something about the optimism about regulatory certainty in the coming months when the who's who of crypto attorneys are (jokingly) lamenting about how their business is taking a huge hit after the election.

 

[McGarnagle]

Do we see a selloff soon at a certain ceiling before it rallies again or are we going to just continue rocketing with no interruption? My portfolio is more modest than it was before I bought the new house and cashed out a lot, but what's left is all BTC, TSLA, and other tech stocks so meat is back on the menu.

 

[John Price]

crypto to the moon

 

[ScottishCanuck]

Shill me your low - mid caps.

 

[2CHAINZ]

Shill me your low - mid caps.

Lol, I want to play this game. I have been a bitcoin maxi for the last 10 years; I at least picked up some SOL earlier this year. I wouldn't mind gambling on some small caps if anyone has some to punt on.

 

[McGarnagle]

Lol, I want to play this game. I have been a bitcoin maxi for the last 10 years; I at least picked up some SOL earlier this year. I wouldn't mind gambling on some small caps if anyone has some to punt on.

I miss the old stock thread from the COVID board. There were lots of arguments and some people championing busts, but people in there were ahead of the game on stuff like SHOP and NVDA. It helped me see the bigger picture on TSLA too which made me a lot of money. Like a less reckless wallstreetbets.

I'd like to diversify and get in on small caps again too. I've also just been BTC maxing this year with occasional purchases of other FAANG. But over 50% of my portfolio is just BTC and TSLA right now, which this week isn't a bad thing. But I'm planning on investing more soon and want it to grow.

NVDA seems like the current hype stock but it's probably late in the cycle to get max gains. I'd like to know what's next.

 

[FlappyGiraffe]

Jets are 14-1 and bitcoin is 79k, life is pretty good right now for the giraffe

 

[BreadManPanarin]

Hung out with 20 guys in their mid/late 30s for like 8 hours last night.

Not a single person even mentioned bitcoin or shitcoins once.

We’re at $81.5k Bitcoin and it’s like almost nobody knows or cares.

So much higher over the next 6-12 months.

So. Much. Higher.

 

[TheDoldrums]

The regulatory environment in the States looks friendly for the foreseeable future . To the moon, friends.

 

[Draft Guru]

 

[McGarnagle]

Yeah, just keep buying.