Alts ate bitcoin's lunch for the the last 9 mo and now getting to eat our dinner.
That's the main lesson vis-à-vis bitcoin in 2021 (so far).
If you forfeited investment in good alts, you lost a big chunk of this bull appreciation.
I know a couple (of mid and large cap) which did 100X in 2021 alone.
That's life-changing numbers if you were aggressive enough and took profits about now or in May (for some).
Pantera's Capital D. Morehead was right about this-kudos to him.
Maybe I should invest some in his projects...perhaps, not now, but during the bear phase when prices would be lower.
However, if we will continue to meager at 46-50K until the end of September, I might consider buying Dec or March out of the money call options on btc or maybe even a bit of a leveraged bet instead (not 80X, of course).
How much are your beloved altcoins worth? How much is Bitcoin worth? Actually, as I posted above, I am 50% overweight in bitcoin vs it's 40-41% dominance. Bitcoin is worth 40.9% of cryptocurrency market, shitcoins+stablecoins are worth the MAJORITY (59.1%). This is just a fact..and on Jan 2 2021, about 9 (not 2! months ago), bitcoin had 72% dominance, which means that bitcoin was very weak (relatively speaking) for 9 mo already. Not going to post anything about specific shitcoins-find it out for yourself, but some education regarding the issue is in order. OK what education do I need. You are nitpicking a period of time and saying that altcoins are the better investment? What altcoins are you talking about I will take a look at them and I will provide charts that show from its creation it has performed worse than Bitcoin and only recently in your nitpicked period it has performed better. 9 months is a very short time to compare and I can bet that the altcoin you are talking about will be hitting resistance very soon like Bitcoin has in its lifetime while it climbs higher which then Bitcoin will 100% out perform it. If you compare BTC to ETH and times that it has hit resistance then you will see that during times of hitting resistance BTC out performs ETH when it hits resistance. Comparing a altcoin which is not hitting resistance to btc who is is not a good comparison. If you could give me the altcoin we can start looking at charts and breaking down the information. You might be right and I need more education but without knowing the altcoin you are talking about I cannot accurately argument my side. If you give me a shitcoin that is pumping because of hype but will shortly die I probably will not go into the effort of breaking down the chart because by the time I broke the chart down it would have already crashed. I cannot give you this information because you have too many pre-conceived opinions: "will shortly die", "pumping because of hype", "during the time of hitting resistance", which is all IRRELEVANT. I found at least two coins (in $10bil-$50bil range) that did 100X or more in the last 9-10mo. I found one that did 100X since April (between $2-5 bil). "Soon dies" is irrelevant as you can sell it right now (or in May for one of them to be 150X) and consummate those returns. BTW, long term, I mostly agree, they will mostly die out vs bitcoin (that's why Willie Woo calls them oscillators), but 9 mo is long enough time to make profits, which could have been substantial. I blame @jjg influence for those of you who did not at least dabble. He/she acted as a profit suppressor in 2021...surely cost you a bunch with all that harping at mere hints of alternatives (the funny thing is who knows what he/she was actually DOING all this time).  |
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Q: can @jjg get moar stupenings per sq meter of the posting space?
A: yes, he/she can
Someone is consumed by emotions..unable to recognize a simple fact that bitcoin returns THIS year suck big time, but it might change starting in October.
Dominance decline (with no reversal) surely indicates a multi polar world where bitcoin is just one big actor.
As long as bitcoin stays above 50%, there is always a chance that other projects functionality would be folded into bitcoin.
At 40%-still a small chance, at 35% almost no chance and at 30%-no chance.
It is what it is, and I still have much more than 40.7% allocated to bitcoin (more like slightly below 60%) so you can call me "overweight" in bitcoin, but I am not going to sit idly twisting my thumbs and doing retarded sell outs-sell ins (in and out of fiat) which some people here are proposing.
In fact, @jjg probably cost many millions in lost opportunity to those who listened to his/her diatribes in the last 9-10 mo or so.
If all alts suddenly collapse, that would be even better still since the majority of my cryptocurrencies (or maybe you like to call them "virtual currencies", lol) are in bitcoin and my cost in btc and alts (aka "shitcoins") is now below ZERO. I am playing essentially with the house money....for the win.
Honestly, ETH (#2 of the market) constantly loses against BTC since its last major ETHBTC pump. Sure, while there are other, younger smaller capped shitcoins as well that take up a fair amount of the market. However, i think this is just noise, and ultimately many shitcoiners aim to get more BTC, some more are just bagholders with also some of their wealth already in BTC. Now, when is the best time to sell for shitcoin traders? When BTC is well below it's peak price target, compared to future cycle ATH (let's assume our favorite twitter analyst calls $180k, fpr example). When BTC starts going parabolic again, many traders know they will most probably lose money against BTC, so the selling starts on spot, which lets BTC price go up moar, Along the way, a good part of the shitcoin bagholders also sell, in face of their shitcoin's value decreasing, against BTC and even more against USD. What about the shitcoin holders aka "diamond hands"? Well, sorry, maybe your $SALONA will go up next time after Bitcoin's ATH. Maybe you should have sold and hodl king daddy instead..  Diamond hands in shitcoins ...a bad idea. Yes, I hope that the market will turn toward bitcoin within the next two weeks. Having said that, not participating in some spectacular runs YTD had cost some quite a bit in opportunity lost. Morehead predicted it early-kudos to him. Whats $SALONA? Whatever, it is beside the point. The point was that we have had a steady decline of bitcoin dominance over the last 9 mo. I don't like it, but i have to accept it as it already happened. Going forward, we are at the fork in the road: either the dominance completely collapses (to 25-30%) or bumps up to maybe 50-60% soon. My expectation is for the latter. |
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Alts ate bitcoin's lunch for the the last 9 mo and now getting to eat our dinner.
That's the main lesson vis-à-vis bitcoin in 2021 (so far).
If you forfeited investment in good alts, you lost a big chunk of this bull appreciation.
I know a couple (of mid and large cap) which did 100X in 2021 alone.
That's life-changing numbers if you were aggressive enough and took profits about now or in May (for some).
Pantera's Capital D. Morehead was right about this-kudos to him.
Maybe I should invest some in his projects...perhaps, not now, but during the bear phase when prices would be lower.
However, if we will continue to meager at 46-50K until the end of September, I might consider buying Dec or March out of the money call options on btc or maybe even a bit of a leveraged bet instead (not 80X, of course).
How much are your beloved altcoins worth? How much is Bitcoin worth? Actually, as I posted above, I am 50% overweight in bitcoin vs it's 40-41% dominance. Bitcoin is worth 40.9% of cryptocurrency market, shitcoins+stablecoins are worth the MAJORITY (59.1%). This is just a fact..and on Jan 2 2021, about 9 (not 2! months ago), bitcoin had 72% dominance, which means that bitcoin was very weak (relatively speaking) for 9 mo already. Not going to post anything about specific shitcoins-find it out for yourself, but some education regarding the issue is in order. |
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Q: can @jjg get moar stupenings per sq meter of the posting space?
A: yes, he/she can
Someone is consumed by emotions..unable to recognize a simple fact that bitcoin returns THIS year suck big time, but it might change starting in October.
Dominance decline (with no reversal) surely indicates a multi polar world where bitcoin is just one big actor.
As long as bitcoin stays above 50%, there is always a chance that other projects functionality would be folded into bitcoin.
At 40%-still a small chance, at 35% almost no chance and at 30%-no chance.
It is what it is, and I still have much more than 40.7% allocated to bitcoin (more like slightly below 60%) so you can call me "overweight" in bitcoin, but I am not going to sit idly twisting my thumbs and doing retarded sell outs-sell ins (in and out of fiat) which some people here are proposing.
In fact, @jjg probably cost many millions in lost opportunity to those who listened to his/her diatribes in the last 9-10 mo or so.
If all alts suddenly collapse, that would be even better still since the majority of my cryptocurrencies (or maybe you like to call them "virtual currencies", lol) are in bitcoin and my cost in btc and alts (aka "shitcoins") is now below ZERO. I am playing essentially with the house money....for the win.
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Alts ate bitcoin's lunch for the last 9 mo and now getting to eat our dinner.
That's the main lesson vis-à-vis bitcoin in 2021 (so far).
If you forfeited investment in good alts, you lost a big chunk of this bull appreciation.
I know a couple (of mid and large cap) which did 100X in 2021 alone.
That's life-changing numbers if you were aggressive enough and took profits about now or in May (for some).
Pantera's Capital D. Morehead was right about this-kudos to him.
Maybe I should invest some in his projects...perhaps, not now, but during the bear phase when prices would be lower.
However, if we will continue to meager at 46-50K until the end of September, I might consider buying Dec or March out of the money call options on btc or maybe even a bit of a leveraged bet instead (not 80X, of course).
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@jjg...I suspend my assertion that you are a bot.
Clearly, just a nincompoop humanoid.
This would be too difficult to program, maybe.
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Nothing to say about bitcoin apart from two factoids: 1. Something is not right in Strike (J. Mallers) and El Salvador cooperation. 2. We are getting close to 40% dominance (coming down from 72 on Jan 2). https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/Some might find it insignificant, but to me it either a turn around within 5 points or a multi-polar (multichain ) world where PTB would be gunning their "favorite" chains to ridiculous levels from time to time and bitcoin settles at where gold settled (15% of the stock market, roughly). A big player (and bigger than any other), but not a majority (>50%) chain. |
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@jjg..if you were a little less clownish or middle school type, maybe some people would listen to you more.
As of right now, it's 90% gibberish and 10% insults for everybody else and 90% insults and 10% gibberish for me. Nice.
As far as responding to me, just don't..or continue and make a fool of yourself (as always).
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What price at the next long term bottom as predicted by the blue line? The chart does not show. PlanB says (S2F or S2FX?) that 2020-2024 average price would be $100K. |
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I can confirm we are heading to an end of epoch, pump november/december/jan
Every bitcoin era, well starting 2013, I get a random (meaning I dont seek it but just happen to be at the right place at the right time so to speak) but stupidly significant airdrop/whatever.
2013 it happened then 2-3 months later top of cycle
2017 it happened then 2-3 months later top of cycle
2021 it happened again, so 2-3 months will be top of cycle.
4 years between each.
I cant make this shit up. Mark my words. 2-3 months. top of cycle.
Airdrops? 2013-were there any, really? 2017- it was in August (at least the fork was), peak in Dec, so rather almost 4 mo. 2021-? (UNI was last year, so we could have peaked back then )... there are some significant alt activities which are similar to airdrops, but not really.... not going into details here. |
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$43k somehow seems attractive. Why?
PlanB wrote $43K as a target for September, but there is no causation, of course. |
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Had a hard day at work today..
Made half my years wages on bitcoin (XCP NFTs) in the last week.. HODLing in BTC..
Thinking "whats the point?"..
Dont really want to spend it..
One day..
I believe..
No matter the soon coming ATH I'll be hodling for years..
1 or 2 more halvenings..
Retire?
I can stay poor for a while longer..
XCP NFT? Is this something very esoteric? I see that you can trade them on OpenSea. I am just not fashionable enough to know which one have any value and which one's don't. I probably even have some laying around in some wallets. IMHO, soon people will start sending NFTs to accounts for free. |
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The whole space went so much toward manipulation recently: witness a couple of "recent" examples that I am afraid the shitcoin show is about to severely collapse.
The unnamed coins I am talking about rhyme with "sex" and "pol". WTF?
The only thing that could prevent it (the utter market collapse) would be a rise of bitcoin and a drop of everything else and it has to happen sooner than later.
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It is what as known as protectionism. Problems like this are the biggest barrier to BTC. I did Gary's course at MIT online, blockchain and money. Here's my takeaway. He probably understands the game. So Uniswap saying "we dont have control over the smart contract for swaps" probably doesnt go over well with the SEC, considering that they airdropped UNI, which is a governance token, mostly likely in majority to themselves. So they control governance, therefore decisions, therefore the smart contract - contradicting their earlier statements. In addition, they have 30-40 employees ?, offices?, etc, etc, lots of overhead which costs lots of pesos. They have no actual "revenue". Right there is a huge red flag for the SEC, to say they live off "grants" and "donations" is preposterous to say the least, considering the UNI airdrop. Now almost ALL DEX, DEFI, services have their own shitcoin governance token and operate on the same business model - they act like a junior high school girl -> "What I say is true if people can't prove otherwise". Exchanges trade against clients while having knowledge of their positions, wash trades galore to create the semblance of market activity (NFT's, new shitcoins) and price appreciation. Has anyone considered perhaps the reason for the dump is that someone got inside information from the SEC, leaked it to certain people who are offloading everything and shorting, knowing they are about to come down hard on what is probably 90% of the crypto ecosystem out there ? I mean, look at ADA, they've been spamming the internet for months and months and years in a concerted marketing effort for their ICO and subsequent sales to the public. Outside of the USA technically, so "no worries bro, not a security under US law", yet in practice thats not the case. Saying something and repeating it doesnt make it true, some people know the game. Gary Gensler is one of them. To : Shitcoins -Get fucked dickheads From: SEC ----SOoN edit: #buy bitcoin Oh, come on! first off-"he probably understands the game". No, he does not. All he knows is a stupid Howey test and fiddling with it. It does not occur to you that we are getting CRIMINALLY low interest rates on our deposits considering the actual official inflation rates of 5-6%. SEC is just there so nobody gets real interest rates. Yes, buddy, in practice there is no Howey test outside US. Therefore, if US wants to be retarded, it can, but the rest of the world would move on. The rest is some wild speculation about impending "doom". I know that this board has lots of single coin people, but If they come down on 90% of crypto, bitcoin would get cut not in half, but by 70-90% and here is that. |
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earning 4% with USDC when everybody with $ earns 0.01%-that's why they are so up in arms about it. 4% is "real" yield and 0.01% is fakery...but we got there somehow with all those rescues since 1997 and now PTB are stuck and lash out (via SEC). SEC is just a tool to prevent a major "loss of face"...or is it "loss of faith"? |
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Excellent...take some vit D regardless.
I'm on 3000IU D3 per day. I was doing 6000IU daily, but that started causing some blood issues for me, so had to drop it down. I have a strange conspiracy theory that my high dosage of quality CBD capsules, daily - to help treat inflammation in another part of my body - has utterly prevented the bug from taking root in my lungs - Dosing a few hundred MG of CBD per day across a morning and evening regimen. I'm probably retarded, tho. There are probably all kinds of strange correlations that exist re this infection. It would take years to unravel. It definitely has a connection with blood and it's viscosity, at least it seems to. |
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Who got angry at bitcoin (and the rest)...who...who?
..so f-g tired of gotchas and rug pulls.
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COVID-19 Infection Chronicles - Day 4 (Morning)
No respiratory issues to report.
Excellent...take some vit D regardless. |
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Look at this little trollie, trying SO hard...derp.
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synonym: a word or phrase that means exactly or nearly the same as another word.
antonym: a word opposite in meaning to another (e.g. bad and good ).
..it's difficult to argue with Oxford...
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