By the way, my response is kind of serious, and LFC has been spouting off about moon in late 2020 or early 2021 for about 2 years now, which even if he is not exactly correct, I think that there is a decent amount of plausibility to build BTC price bubble theories around halvening effects, and even accounting for possible bubbles coming before the time line in your theory or even after, but bitcoin has been showing quite a few of these repeated bubble patterns playing out, and there is no real reason to believe that they are going to stop, unless you just happen to be a denier who is buying into some less convincing theory including some of the goofballs who try to place bitcoin into a mature asset camp, which should be relatively clear that bitcoin really does not fit too well into a mature asset camp... and likely will not until after it goes through decent adoption which also likely involves a likely ongoing exponential s-curve that is far beyond what any normies expect, but accumulators and HODLers will likely be rewarded for their behaviors.. and at the same time, none of it is a given... which is back to the short term joke point.... "we all doesn't know".
Good thoughtful post, I don't disagree with that. I do think a lot of price predictions get baked in long before they are supposed to happen so I don't really trust them too much but I do enjoy reading them. That doesn't mean I disagree that there will be many boom/bust cycles going forward or that there may be a pattern worth teasing out. I envy those that can actually trade the short term waves with enough consistent certainty to make a better long term profit than just holding. I'm not sure I've ever actually met one of those mythical traders, they might be unicorns. The cool thing with BTC if you are real long is you won't ever have to figure out your exit strategy. Just wait for the adoption level to get to where price is no longer very volatile, and at that point there's probably no reason to even convert to fiat. That might be a wait in geologic time though, or never. The joke remains.
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All this talk of to the moon 2020 or 2021 is silly. We all know the real moon is in 2022. Or maybe 2023.
Apparently we all doesn't know. Maybe you should 'splain ur selfie? It's possible, also, yet maybe not in your speculation scenario, that we are in a correction period in 2022 and/or 2023 in preparation for the 2024 halvening. You consider a possible upcoming correction cycle within your knowing more than everyone else scenario? LOL, 'twas a joke. That was my point "we all doesn't know".
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At some point you'd think mass adoption would kill volatility which I would view as a good thing. So yeah I'd expect the type of investor at that point would be more of the blue chip and store of reserves mindset. I also expect we have many years to get to that point if ever, there will be lots of boom/bust cycles on the way probably.
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All this talk of to the moon 2020 or 2021 is silly. We all know the real moon is in 2022. Or maybe 2023.
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This popped up in my feed again today. Good read, worth a look for anyone that missed it a couple years ago. With crypto on the upswing there will be more attacks, get yourself secure.
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I personally feel that a goal of having 1 BTC should be the very first priority of anyone investing in crypto. Then follow that with a certain percentage of ETH.
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I know many here talk about buying BTC regularly, but personally I don't earn enough fiat to invest significantly in BTC. I must already invest more than 20% of my salary in my "401K" (because my employer doubles it, and it's a sound investment), so after that, not much is left.
Your employer does a match up to 20%? That's insanely good, so good I'm guessing I misinterpreted your comment. Mine does 4% match.
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London financial pages tonight
Because "derivatives trading ban" wouldn't be as catchy in the headline.
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What are the thoughts on this coin in 2019? Has it progressed along with expectations?
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I am interested to know what will you lot do if that was real?
Fat fingers. Someone had a very bad day.
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What a week! DCA is your friend. Between FOMO and FUD I'm thinking the guys posting those Homer Simpson HODLsleep memes have the right idea.
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Someone else on the forum said a great phrase that is appropriate here... "you just need a piece of the trend".
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I'm reminded of the adage "power corrupts, absolute power corrupts absolutely". Interesting times coming up.
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In a French posh city (Boulogne Billancourt) just outside Paris, a 6.5M euros villa price tokenized on Ethereum then sold.
I wonder if developments like this point to crypto actually helping to create a more fragmented society instead of keeping the promise of financial inclusiveness for all. I mean, seems right now that we have a small class of uber rich who were early crypto adopters and they kind of live in their own world and everyone else trying to catch up. Maybe catch up will never happen and we'll just have another 1% class by a different name?
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Seems like bitcoin would be hard to stop there without just outright making it illegal. That's exactly what the government did. There is a large African exchange called Golix which used to trade pretty large volumes in Zimbabwe, which has had to shutdown their operations in the country. They have had their fiat accounts frozen, and have even stopped operating their bitcoin ATM in the capital, Harare. The vast majority of international exchanges like Coinbase, Bitstamp or Kraken, don't accept accounts from Africa. From what I've read, it seems some are travelling over the border to South Africa and buying there - these may well be the same people who are offering to sell on localbitcoins for $76,000. The real irony is the government made bitcoin illegal because of its potentially "destabilizing effects" on their financial system. Thanks, that makes a bit of sense. If I understand correctly then they are selling (trying to) bitcoin at huge prices but they are accepting payment in Zimbabwe currency, not dollars, we are just reading about what the value would be converted to dollars. So the sellers are hedging against the expected massive and rapid inflation of the local currency, in that case the price doesn't seem out of whack. I wonder how the regular folks there cope.
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ETH for sure. While Dapps haven't quite lived up to the hype and most ICOs were/are complete disasters, the concept is sound, the team is current, large, and well directed, and adoption is more and more everyday. I still class it in the incredibly risky category as far as investment but Ethereum has a lot of positives when compared to just about any other alt-coin.
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What's stopping them from just getting bitcoin on a regular exchange? Is the access to non-governmental internet prohibited? Is the access to a computer at all kind of rare? Many have cell phones these days, even people in 3rd world countries. Seems like bitcoin would be hard to stop there without just outright making it illegal. With the worldwide interconnectedness I don't understand why the large price differential, seems like (assuming access to electronic accounts) they could just buy at the regular world market rate for bitcoin.
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Haha, wasn't aware of that channel, thanks for sharing!
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The ratio of eth to btc is about 40:1 right now. Since eth tracks btc so well, that would imply a btc price of $100,000USD which is a number the btc folks have been calling for awhile. So yeah, it's possible I suppose, but the likelihood is merely a guess no matter what anyone says.
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