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1  Economy / Speculation / Re: [Poll] Did you get Zhou Tonged? on: March 17, 2021, 12:25:00 AM
I heard on a podcast that over a billion dollars in leveraged funds was lost with margin calls today as a result of the price drop.

I am surprised that so many people are taking such dangerously leveraged positions. History always repeats itself for those who have not yet learned the great lesson of Zhou Tong.

When you trade BTC using leverage, it is only a matter of time before you get Zhou-Tonged.

Enjoy.

https://youtu.be/kdvTkddp1F0

Anyone trying to 'trade' Bitcoin deserves to loose their money. This is such an extremely volatile commodity that leveraging off of it is a sure loose.

The only way anyone gets anything out of Bitcoin is HODL like a Hong Kong beggar.
2  Economy / Speculation / Re: Bitcoin back to $ 10,000? on: March 17, 2021, 12:22:28 AM
When the stimulus stops later this year, there will be a pullback. It can easily go back down to $10k for a short period of time but unless we are reading EVERYTHING in the market wrong, large amounts of buys will keep coming throughout the year and beyond from institutions which will only make the price go up.

PayPal, Square, Tesla, Micro Strategy are not going to sell anytime soon. We are looking at going above $100k soon and never coming back down below that again when this year is out. Institutions like to HODL.
3  Economy / Speculation / Re: When Bitcoin is going cross $40k again? on: February 03, 2021, 06:19:21 AM
It looks like it may get close to 40k for sure in the next couple weeks. The MACD just crossed the EXP. The CCI just went over 100 on a 6 month chart.

It should be able to cross through 40k as well but there should be very strong resistance around 40k. If it does go through it, it will fire up into 44k range as we saw it do last time.

Its looking good now given its getting double tapped by retail and institutional investors.
4  Economy / Speculation / Re: Long time lurker, 1st post on: January 14, 2021, 04:40:01 AM
The technology is here to stay and still underestimated.
Yup, it's not yet recognized by many huge investors but they'll be late when they do, or at least if bitcoin hits $100k, they will witness it, only witness it but they won't have it.

I am very happy to see the institutions buying Bitcoin at $30k. They could have got it at tenth of that price if they had been smart instead of calling Bitcoin a 'nothing'. There are more institutions which will wait and buy Bitcoin at even 10 times of $30k like jacka$$es, and I am looking forward to watch that with some popcorn.

Its going to be a nice show!
5  Economy / Speculation / Re: Long time lurker, 1st post on: January 14, 2021, 04:36:49 AM
Hey everyone,

Hodl.

By end of 2021 we'll be trading ~100k easily

It's not the speed at which we hit the milestones that's important. It's the final milestone which tips the scales that matters.

Rocket ships > Lambos

✌️❤️

- quez





I agree that unless something is amiss, we can expect $100k Bitcoin by the end of the year. Bitcoin should settle around $150k before the next halving. The way I see it, only about 18 million people own even just a little bit of Bitcoin at this time. If this has to change to 180 million people, that's a massive buy pressure. Not to mention the hoarding going on at this time from the institutions who will HODL it proper!
6  Economy / Speculation / Re: Bit Coin dropped 12% since morning ,where is it going? on: January 11, 2021, 04:46:35 PM
Where do you think its going? The pump is over. Its going to go back to $10k to $15k and then will settle around $20k. People who bought in at $20k are going to naturally take profits now.

The stronger dollar may have started this sell off. I would not be surprised if Bitcoin fell way down to about $10k over the next few days given the selling pressure at this time.

Bail out while you can, its flush time!
7  Economy / Speculation / Re: What if Bitcoin drops to $15,000? on: January 07, 2021, 07:13:23 PM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

If it drops to $15,000 or not, PayPal and Square and all others will continue to load up. The institutions have a single goal. To acquire as much of Bitcoin. There is no going back now!

Grab on to whatever you can, its going to be a bumpy ride up!
8  Economy / Speculation / Re: Is this a good time to invest? on: December 30, 2020, 10:38:56 PM
It is never a good time to invest because any investment can be lost completely. Take what you are ready to lose and buy as much Bitcoin as possible and HODL.
9  Economy / Speculation / Re: All in the name of money making on: December 27, 2020, 07:01:48 PM
Many came because they simply did not want to be LEFT BEHIND!
10  Economy / Speculation / Re: Will institutional investors kill the four year boom/bust cycle? on: December 27, 2020, 04:19:43 AM
The cycle will come when the government throws some regulations at it. We can expect some of that next year. Besides that its going to a whole pack of EVERYONE trying to get a piece of Bitcoin's a$$.

Also, there is a risk of the economy crashing and that will have an impact on Bitcoin (negative or positive unknown).

The halvings and other known issues will not cause a cycle since the market is far more mature now and will already price that in in a stable manner.
11  Economy / Speculation / Re: Oh BTC crossed 25k on: December 27, 2020, 04:02:58 AM
Bitcoin will easily surpass $100k. They are estimating Bitcoin to climb as high as $500k before settling around $250k.

Anyone selling now should know that they are just handing it over to PayPal or Square (as well as various funds) who will sell it right back to them in the future.

The dump as it happened in 2017 cannot happen because PayPal and Square alone are buying up all the Bitcoin being mined out. The rest of the players are the ones who are responsible for the price rise. These Bitcoins are going into long term funds and will never come out anytime soon.
12  Economy / Speculation / Re: $25,000 can be achieved by end of year? Or January 2021? on: December 26, 2020, 03:23:26 AM
25k clipped! But I think the real story will be when it starts reaching out towards $500k. 2021 will be a fun year for Bitcoin given the big players getting in on it.

I hope that people like Jamie Dimon and Warren Buffet suck on a lemon as they watch Bitcoin shine like a star!
13  Economy / Speculation / Re: $25,000 can be achieved by end of year? Or January 2021? on: December 25, 2020, 08:47:35 PM
$24k is already broken. A little spurt and 25k will be had this year mates!
14  Economy / Speculation / Re: I bought BTC at 23.5K$ on: December 25, 2020, 05:06:10 PM
What price one bought will not matter at all. What will matter is whether you sold it before you made a fortune. EVERYONE is going to make a fortune as long as they HODL or combo (HODL + Trade).

Any weird regulation which comes along may dump Bitcoin on its a$$ (sub $10k) but it will pick up in the long run.
15  Economy / Speculation / Re: How degenerate is it buying and sitting on PayPal Bitcoin ? on: December 24, 2020, 04:18:24 AM
Avoid PayPal, they are no good. They are providing this option to ensure that they keep their user base.

Note that PayPal has a reputation to cancel merchant accounts without providing any reason and will block withdrawal of funds for 6 months or more.

User accounts are suspended for vague reasons as well including buying and selling crypto too often. They do this because THEY CAN and are bad news for anything in the financial system.
16  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Thank God, XRP Ripple going to crap on: December 24, 2020, 12:48:13 AM
Waiting to see it tube below $0.16 so Litecoin gets ranks above it. I hope they remove it altogether from all exchanges and CMC.
17  Alternate cryptocurrencies / Speculation (Altcoins) / Thank God, XRP Ripple going to crap on: December 23, 2020, 05:30:23 PM
I am very happy to see XRP Ripple getting sued by the SEC and going to crap. It was basically a closed system owned by a few people used to milk money out of everyone.

I hope everyone sells off their XRP and the entire 10 billion goes down the slide into history. This will also set a precedent to any private businesses not to try and create a 'currency' which they own all of it as it starts off and try to sell it and milk money out of it.
18  Economy / Speculation / Re: TO THE MOON! on: December 03, 2020, 03:08:19 PM

We think Bitcoin will become very popular if it makes its way to $ 50k. many will invest in bitcoin, and when the pandemic is over many new investors will buy it
It's already so popular now, no need to wait for it to reach $50K, the pandemic can't stop bitcoin. I fully agree with the idea that we only need 1BTC to be able to retire in the future, it is an extremely attractive investment.
[/quote]
just 1 btc for retirement that's not much. to be financially free you need at least 10btc. for your beautiful old days you need more than 1 btc
[/quote]

If you start your retirement say 15 years from now, you don't have to sell the entire Bitcoin immediately. You can just sell a little as you need each year. The price of Bitcoin will always keep going up and hopefully that 1 Bitcoin will sustain the entire lifetime.

Yeah if you want to retire with a baller lifestyle with bottles poppin and biatches in the house, 10 will do it nicely!
19  Economy / Speculation / Re: TO THE MOON! on: November 30, 2020, 07:31:06 PM
Cracked through the ATH based on the chart at Bitstamp.


remove quotes from string online
20  Economy / Speculation / Re: TO THE MOON! on: November 30, 2020, 07:08:33 PM
But, the one million in this scenario will be reached in 2029...On what do you plan on living till then?  Grin

Well, in order to 'retire' you have to have a job or do business now. That job or business is what people live on till they 'retire'? Does that make sense?
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