Almost 14,500,000 Bitcoins are HODLed right NOW. Buy what you can available in the market, if you plan to buy, because when the market goes into actual FOMO, you might not get another opportunity to buy below ATH.  |
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To add context this - There are two parts to the inflation problem, one, of course, the fed is responsible for. Endless money printing, or rather, endless money injection into the economy through QE is on the fed. What they can't control are the rising costs of goods due to global supply chain disruption. They're stuck in a rough place, but I don't have much sympathy as they are the ones that put themselves there. I believe even without any global supply chain disruption, inflation would definitely happen simply because of all the Fed’s BRRR-money printing. This set of money printing during the pandemic is unique because the government gave much of the money directly to the people. If hyperinflation happens, it’s not the first time, https://recision.files.wordpress.com/2010/12/jens-parsson-dying-of-money-24.pdf |
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The traders who shorted have tried, but everything they had was absorbed by large bidders. Prepare to be liquidated, sers.
Plus I believe everyone underestimates how many multi-millionaire/billionaire-HODLers are out there, from politicians, to super-traders, to tech executives. DON’T SELL NOW, you will only be giving them to people much richer than you.
Imagine how rotten they must have felt, doing their best to sell -- volumes were pretty intense at some point -- and all they could muster was about 5% knocked off, and only to be eaten up rightaway. Think a lot of shorters will be going to the bank to gamble some more now, or stepping on leverage they normally wouldn't consider. They can't help it, but at least the purge will be harsher when their overextensions also get sucked up. OR, the shorters start accepting their mistake, and start FOMO-market buying Bitcoin, and make the surge stronger to a 6-digit price valuation per coin. Is it programmed? ATH by end of October, $100,000 by December?  |
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Inflation in the United States is NOT transitory, and the Fed Chairman Jerome Powell should start telling Americans to lower their standards of living, then raise interest rates, the same as what Volker has done during 1981.  BUT, will he? BRRRRR! |
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 THEN, we should also learn to laugh when Bitcoin is surging, and when its on its way to new All Time HIGHS. Post your best memes, and enjoy the surge while it lasts. Because another crash will surely come again, and it’s their turn to laugh. Haha. |
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The traders who shorted have tried, but everything they had was absorbed by large bidders. Prepare to be liquidated, sers.
Plus I believe everyone underestimates how many multi-millionaire/billionaire-HODLers are out there, from politicians, to super-traders, to tech executives. DON’T SELL NOW, you will only be giving them to people much richer than you.
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It is a very common world in crypto currency “Buy the DIP, and HODL! ” Buying the dip means trying to purchases so that you buy assets when they have dropped in price, assuming they will continue to rise in value. If you look at a crypto chart, especially one that looks at a long period of time, it may look like the lines that move up or down are relatively flat. In reality, crypto asset prices are volatile and those flat lines include peaks and dips. If you can buy stocks that have an upward price trajectory right after a temporary dip in price, you can earn a greater profit than if you bought them at one of their peaks. Most of the time it is very difficult to purchase from the dip. If you are able to buy from dip and hold it for some times then you have the chance to get more
It’s actually NOT. Why did many people, who has experienced the past bull market cycles, remain average, and has nothing/little left and turned them into mere trolls? Because they traded to shitcoins, not HODLed Bitcoin. OR they converted their Bitcoin to fiat, not HODLed. |
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OP, just HODL Bitcoin, and you wouldn’t have to worry “when to exit at the appropriate time”. Because at the “right time”, no HODLer would need to sell their coins. Bitcoin will be accepted EVERYWHERE. It’s starting in El Salvador, and it’s not going to end there. |
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OK, but can anyone in this topic assume that actual utility in the Lightning Network for users’ regular transactions is increasing? What is Bitcoin used mostly for? Sending to exchanges for trading, gambling, buying illegal drugs in the dark markets.
i can assume that...  any source for the bolded sentence in the quote? or do you assume too? Then, in your assumption, what is/are the utility/utilties that Bitcoin is being used best, and the highest, and can you say, or actually see that offchain transactions through the Lightning Network are increasing in those use cases on a monthly basis. |
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This strategy doesn't apply for all traders, what if a certain trader doesn't have enough capital? Do you think he can buy every dips or what they called averaging down? Of course not. Even if it is a strategy it doesn't mean that you can guarantee yourself to earn from it just because you buy at dip and hold. We should consider the time after all, are we going to hold it for the rest of our lives or are we going to sell it in short period of time.
If you don’t gave enough capital, then why “trade” and go through the nights without sleep, and the stressful volatility for only small returns? Small-pleb-level capital should actually be a strong incentive to save and HODL your money in Bitcoin. |
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Does everyone in the forum want another opportunity to buy Bitcoin below $50,000? Post this all over the forum, social media, and tell you friends/family that, “BITCOIN WILL NEVER TRADE BELOW $50,000 AGAIN”! Then place your bids at $49,000. With me now, BITCOIN WILL NEVER EVER EVER TRADE BELOW $50,000 EVER AGAIN! |
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When parking your money in a bank costs you money, instead of “saving” you money because of inflation, where would the smart money park their money?  Total supply held by long-term HODLers is in ATH. Bitcoin will be $150,000 price minimum during the next year. |
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But when does this become "okay"?
OP, ignoring all potential problems from/because of a hard fork, I believe no one truly knows, or no one has a definite reply. We plebs can give you many different replies, and all of them will not be wrong, but none of them will truly be the right one either. It might depend on how you value Bitcoin’s main value proposition. |
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How much volume of transactions did Lightning have for those services last month, compared to its onchain counterpart? Are Lightning transactions increasing, month by month, giving more reason behind the utility of the Lightning Network? Or decreasing, giving reason to debate if the developers are just wasting their time or not?
the volume on lightning is not a public metric Yeah, we'll never get a truly accurate sense of volume, just because of the levels of privacy inherent in Lightning. Individual services can publish their own statistics if they choose to (but then we're reliant on the accuracy and honesty of those services). Capacity is a slightly more accurate metric to report, but we can still only use that to guess the overall amount of activity happening. OK, but can anyone in this topic assume that actual utility in the Lightning Network for users’ regular transactions is increasing? What is Bitcoin used mostly for? Sending to exchanges for trading, gambling, buying illegal drugs in the dark markets. |
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and there’s almost no high volume Bitcoin services/exchanges that accept it.
Here I think you're wrong, if nothing changed in the last weeks then we have the following popular exchanges accepting LN: - Bitfinex (see here) - OkEx- Bitnovo (leading Spanish exchange) - FixedFloat - Changelly-like exchange - HodlHodl - P2P - Paxful - P2P OkEx and Paxful have added it in the last months, while Bitfinex accepts it since 2019 or 2020. There are a lot of other smaller exchanges and services, see this list (in Spanish) and this website. Kraken seems to be in process of adopting it, although I'm not up to date about the current progress. How much volume of transactions did Lightning have for those services last month, compared to its onchain counterpart? Are Lightning transactions increasing, month by month, giving more reason behind the utility of the Lightning Network? Or decreasing, giving reason to debate if the developers are just wasting their time or not? |
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Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??
Patterns? It has been that way not just in the cryptocurrency markets, but in most traditional markets as well. Each of us plebs in the forum you ask would give you a different reason, or what to “believe”, but I believe, it has become a like self-fulfilling prophecy. Because it is expected that September would be down, then investors and traders bid lower, or avoid the market. |
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Now we all have seen that Bitcoin reacted really well to the recent events, especially China's cryptos ban and Evergrande's crisis.
The second topic is the one I want to particularly focus on (crypto ban looks ridiculous and useless, so I don't wanna focus on that), because the Chinese central bank warned everybody of a possible "storm" that could occur in these weeks.
Do you think that we can consider this crisis solved or should we really expect another little bearish move?
What in my opinion results from everything China does is that they want to have world attention, they want the world to revolve around them, since the pandemic that came from there has monopolized all the attention, and it is normal, if we take taking into account that after the Second World War there has always been the hegemony of the US dollar, the Chinese have always wanted to dominate the world widely in every way. When they talked about the prohibition of crypto, mining, in 2018 it did give a great bearish impact to the market, now in 2021 where it is known that the best world economy is China, because they are the only ones that are very stable economically, want to have control, hegemony and attention for them, it is for this reason that any Chinese attack on bitcoin and cryptocurrencies no longer has any impact, firstly because it is a government that does it, and if we take into account the irreverence of people towards it. government, the dynasties in 2021 no longer have an effect on humanity or money. They want to risk an economic recession, and risk an uprising because of said economic recession because they simply want “World Attention”? I believe not. Obviously it’s because, MANY officials in their bureaucracy have been sleeping behind the wheel. |
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Are they OK? If Bitcoin surges, shitcoins go up LESS, if Bitcoin goes through a dip, shitcoins go down MORE. Bitcoin is currently only a few percentages from ATH. Everything in this part of the bull cycle might be only for Bitcoin. |
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Next week, these oil price hikes will come to take effect on our country. It's the highest it has been for this year, and I think I might have to drop the car for the mean time and just use my bike to work.
More exercise, good for the brain.
Electric vehicles are also not a thing here in the country, and we still have very vague and crude registration rules and guidelines on electric vehicles.
EVERYTHING will be expensive when the full set of inflation/probable hyper-inflation enters the economy. Now, Jerome Powell is convincing everyone that it’s only “transitory”. It’s NOT, but he will keep convincing the plebs.
I find it illogical that we have all this tech and advancements in the world yet we still are stuck with fossil fuels. There are tons of other energy sources to choose from yet we still insist drilling the earth and looking for some long dead plants/animals/whatever fossilized and extracting them for energy. Even if that's the case, I'm still happy that other parts of the world are already shifting away from traditional gas vehicles, and switching over to EVs. At the least, we are seeing some small changes, but in this day and age we should have shifted to EVs for a long time now.
The transistion is hard for the world economy to adjust. |
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