Hello Friend,

If this is your first visit to SoSuave, I would advise you to START HERE.

It will be the most efficient use of your time.

And you will learn everything you need to know to become a huge success with women.

Thank you for visiting and have a great day!

Crypto trading

jaygreenb

Senior Don Juan
Joined
Jul 24, 2012
Messages
328
Reaction score
141
Wasnt it just elon talking up ethereum? Which he probably did because btc dropped under 30k.
He personally owns ETH, only bitcoin is on his companies balance sheets, which he still holds there, no gold though. Weird.
 

BackInTheGame78

Moderator
Joined
Sep 10, 2014
Messages
5,090
Reaction score
5,174
When the A$$ completely falls out of crypto, the true hedge against inflation (gold) is going to go through the fvcking roof

6-12 months mark my words
Never going to happen. Crypto is the future whether you want it to be or not. This technology or something based on it is the future. Of everything in the world. And when I say everything, I mean everything(coming from a software engineer who understands it)

Deny it, bury your head in the sand, cry about it.... doesn't matter. You'll simply be a Swiss watchmaker who ruled for centuries that were bankrupt and out of business within 10 or 15 years once a paradigm shift hit and the world changed. Nobody wants those cheap Japanese watches they said. They thought status quo. They were overconfident. They let their overinflated egos guide them instead of opening their eyes to what was happening right in front of their faces. They were wrong. Anyone betting against crypto will be wrong also. Like the Swiss Watchmakers x 1,000,000

It's in it's infancy and anyone who thinks it is going away is pretty far off the mark. Major institutions do not spend millions of dollars to open crypto divisions for things that will disappear. Even they know it's here to stay and is only going to get bigger as much as it scares them to death because it disrupts the status quo. They, unlike the Swiss Watchmakers, have grudgingly accepted their fate.
 
Last edited:

BackInTheGame78

Moderator
Joined
Sep 10, 2014
Messages
5,090
Reaction score
5,174
When the A$$ completely falls out of crypto, the true hedge against inflation (gold) is going to go through the fvcking roof

6-12 months mark my words
Also. Bitcoin will be over 100K by 12/31 this year. Likely surpassing that by a good margin. Bank on it.

71% of institutional investors plan on buying crypto in the near future. 90% plan on buying some by 2026.

Yeah...really sounds like it's going away...

 

Bingo-Player

Master Don Juan
Joined
Jan 10, 2014
Messages
1,661
Reaction score
996
Location
uk
Also. Bitcoin will be over 100K by 12/31 this year. Likely surpassing that by a good margin. Bank on it.

71% of institutional investors plan on buying crypto in the near future. 90% plan on buying some by 2026.

Yeah...really sounds like it's going away...

for bitcoin to surpass 100K its going to need a market cap of around 3 trillion which will require mainstream societal integration which is literally impossible
 

image

"If you love women, you must read the SoSuave Guide to Women. It's fantastic!"

BackInTheGame78

Moderator
Joined
Sep 10, 2014
Messages
5,090
Reaction score
5,174
for bitcoin to surpass 100K its going to need a market cap of around 3 trillion which will require mainstream societal integration which is literally impossible
Nah, just wait. You'll see. Institutions are waiting to pounce once the bottom is in and it will skyrocket extremely fast.
 

Bible_Belt

Master Don Juan
Joined
Jul 27, 2005
Messages
16,367
Reaction score
4,824
Age
45
Location
midwestern cow field 40
Also. Bitcoin will be over 100K by 12/31 this year. Likely surpassing that by a good margin. Bank on it.

71% of institutional investors plan on buying crypto in the near future. 90% plan on buying some by 2026.

Yeah...really sounds like it's going away...

The article was based on data collected before the recent cpi numbers that showed inflation. I suspect the institutions will change their tune if bitcoin fails to deliver on the promise of being an inflation hedge.

I would go one step farther and attribute the rise of bitcoin to the rampant printing of funny money to prop up the economy. Btc only exists because of what it claims to solve. It's the easy money that is buying right now. When the economy turns and people start losing their jobs, bitcoin will be the first thing they sell to pay their bills. Luxuries get crushed first in a downturn, and bitcoin is a luxury for people with money to burn.

And by the way, your technology arguments have nothing to do with valuations. Those are different things. Bitcoin on its fundamentals alone, whatever they are, should be worth something. The $2,500 level might be reasonable, but $250 looks better to me.
 

BackInTheGame78

Moderator
Joined
Sep 10, 2014
Messages
5,090
Reaction score
5,174
The article was based on data collected before the recent cpi numbers that showed inflation. I suspect the institutions will change their tune if bitcoin fails to deliver on the promise of being an inflation hedge.

I would go one step farther and attribute the rise of bitcoin to the rampant printing of funny money to prop up the economy. Btc only exists because of what it claims to solve. It's the easy money that is buying right now. When the economy turns and people start losing their jobs, bitcoin will be the first thing they sell to pay their bills. Luxuries get crushed first in a downturn, and bitcoin is a luxury for people with money to burn.

And by the way, your technology arguments have nothing to do with valuations. Those are different things. Bitcoin on its fundamentals alone, whatever they are, should be worth something. The $2,500 level might be reasonable, but $250 looks better to me.
Just wait. You'll see. Far more people think like me than think like you regarding this. You are the old school, status quo. You are about to get crushed financially...in terms of what you could have made versus what you actually made sticking to your methods.

Kinda like people who haven't invested in the first 10 years. Guess some people never learn
 

wifehunter

Master Don Juan
Joined
Dec 6, 2015
Messages
5,095
Reaction score
3,225
Age
47
Location
Hoe County, California
EvR6xeKWgAAboE1.jpg
 

jaygreenb

Senior Don Juan
Joined
Jul 24, 2012
Messages
328
Reaction score
141
The article was based on data collected before the recent cpi numbers that showed inflation. I suspect the institutions will change their tune if bitcoin fails to deliver on the promise of being an inflation hedge.

I would go one step farther and attribute the rise of bitcoin to the rampant printing of funny money to prop up the economy. Btc only exists because of what it claims to solve. It's the easy money that is buying right now. When the economy turns and people start losing their jobs, bitcoin will be the first thing they sell to pay their bills. Luxuries get crushed first in a downturn, and bitcoin is a luxury for people with money to burn.

And by the way, your technology arguments have nothing to do with valuations. Those are different things. Bitcoin on its fundamentals alone, whatever they are, should be worth something. The $2,500 level might be reasonable, but $250 looks better to me.
You obviously have no clue how tech networks are valued. All the the growth fundamentals are right on track in terms of adoption. There was a recent drop in hash rate as miners moved out of china but that is already recovering. Long term this is very positive and forces the network to be more decentralized. I have yet to hear you put together a cohesive argument besides making surface level statements you are parroting after listening to Peter Schiff.
 

jaygreenb

Senior Don Juan
Joined
Jul 24, 2012
Messages
328
Reaction score
141
for bitcoin to surpass 100K its going to need a market cap of around 3 trillion which will require mainstream societal integration which is literally impossible
Please explain why that is literally impossible.
 

jaygreenb

Senior Don Juan
Joined
Jul 24, 2012
Messages
328
Reaction score
141
Nah, just wait. You'll see. Institutions are waiting to pounce once the bottom is in and it will skyrocket extremely fast.
They already are, you can see the large transactions on chain as they are moved off exchanges. Once we get momentum to the upside again, I agree, it will move fast.
 

BackInTheGame78

Moderator
Joined
Sep 10, 2014
Messages
5,090
Reaction score
5,174
They already are, you can see the large transactions on chain as they are moved off exchanges. Once we get momentum to the upside again, I agree, it will move fast.
Yeah the coins are being moved off chain at a very high rate the last few weeks...at some point there will simply be supply shock where there won't be enough coins for everyone who wants them and it will be going up very quickly. And it happens kind of out of nowhere.
 

jaygreenb

Senior Don Juan
Joined
Jul 24, 2012
Messages
328
Reaction score
141
Yeah the coins are being moved off chain at a very high rate the last few weeks...at some point there will simply be supply shock where there won't be enough coins for everyone who wants them and it will be going up very quickly. And it happens kind of out of nowhere.
Would rather a more measured stair step up where we form new levels of support on the way up but we will have to just see what happens. Either way, imagine Q4 this year will be fun. Will have to check in with the salty no coiners often haha
 

BackInTheGame78

Moderator
Joined
Sep 10, 2014
Messages
5,090
Reaction score
5,174
Would rather a more measured stair step up where we form new levels of support on the way up but we will have to just see what happens. Either way, imagine Q4 this year will be fun. Will have to check in with the salty no coiners often haha
Lmao!
 

image

Put away your credit card.

You can now read our detailed guide to women and dating for free - Right Here!

BackInTheGame78

Moderator
Joined
Sep 10, 2014
Messages
5,090
Reaction score
5,174
Just had a bullish RSI breakthrough today and close above 32.8K...expect bullishness over the weekend and heading towards the top of the range it has been stuck in near 40K to test it. If it breaks through, the next real test isn't until 44K and if it breaks through that then look out...

Market is starting to feel juiced...some volume is coming back...Google search trends for Bitcoin are starting to increase(this is typically a leading indicator meaning the search trends pickup prior to the price increasing)...would not be shocked if the last crash was the bottom.
 

BackInTheGame78

Moderator
Joined
Sep 10, 2014
Messages
5,090
Reaction score
5,174
Explosive day! BTC skyrocketed towards the later part of the day first over 35K and then quickly over 36K...

Up well over 3K on the day...

AND a massive short squeeze driving the price up 5K in about an hour and a half from 34.5K to 39.4K!!
 
Last edited:

jaygreenb

Senior Don Juan
Joined
Jul 24, 2012
Messages
328
Reaction score
141
Explosive day! BTC skyrocketed towards the later part of the day first over 35K and then quickly over 36K...

Up well over 3K on the day...

AND a massive short squeeze driving the price up 5K in about an hour and a half from 34.5K to 39.4K!!
Beautiful, bull markets are the best.
 

BackInTheGame78

Moderator
Joined
Sep 10, 2014
Messages
5,090
Reaction score
5,174
When the A$$ completely falls out of crypto, the true hedge against inflation (gold) is going to go through the fvcking roof

6-12 months mark my words
So now a report comes out that Amazon is planning to accept crypto as payment by the end of 2021 AND develop their own native token. This has been in the works since 2019 apparently. Starting with Bitcoin but plan to add Ethereum, Cardano and about 5 or 6 of the other top cryptos as well.

You want to distance yourself from this incredibly terrible take yet or do you want to double down and look like an even bigger fool in 6-12 months?
 
Last edited:

Bingo-Player

Master Don Juan
Joined
Jan 10, 2014
Messages
1,661
Reaction score
996
Location
uk
So now a report comes out that Amazon is planning to accept crypto as payment by the end of 2021. You want to distance yourself from this incredibly terrible take yet or do you want to double down and look like an even bigger fool in 6-12 months?
Haha the fact your so emotionally charged tells me you are way in over your head with this ponzi scheme

The very fact bitcoin is this volatile on the back of what will probably transpire to be fake news is also the reason it will never become mainstream .....who the hell wants a real world currency that is worth ABC today and XYZ tomorrow

at the moment it's so easy for wall st or anyone with an audience for that matter to drop some fake news out cash in on the rise and then sell out

rinse repeat , infact that's what Elon has been doing for a year

You are being played

Enjoy
 
Top