May 4, 20242 yr Author On 5/1/2024 at 5:47 AM, HazletonEagle said: So what is happening here? Everyone said halving in April leads to new all time highs. Predicting 6 figure bitcoin in this cycle. 125k. 150k.... Instead it hit its ATH before the halving, and is now plummeting again. I expected to see a 35k bitcoin after ATH but I was expecting a much bigger pop first. Where is the rocket ship? Sell now! Quick! Before it goes to $35k again!
May 4, 20242 yr 9 hours ago, mattmcginley7 said: Sell now! Quick! Before it goes to $35k again! It's going up right now. But following the last couple of cycles it'll go up for about 18 months or so after halving, and then lose about 75% of its value. Pretty safe to predict new all time high and then another plummet. I'm just finally building out a position and I'll be buying it regardless of price. I'm actually looking forward to the next low so I can be ready for the next halving 4 years from now.
May 4, 20242 yr Author 2 hours ago, HazletonEagle said: It's going up right now. But following the last couple of cycles it'll go up for about 18 months or so after halving, and then lose about 75% of its value. Pretty safe to predict new all time high and then another plummet. I'm just finally building out a position and I'll be buying it regardless of price. I'm actually looking forward to the next low so I can be ready for the next halving 4 years from now. If you're betting on it following a similar pattern, the law of large numbers makes it likely the high is still multiples of its previous cycle top, but less upside. The same with it setting a new low. But this past cycle was the first time the bottom was below the previous cycle's top and that took a madoff level of stealing. That also affected the cycle top too, as FTX wasn't actually buying Bitcoin with its user's deposits. Everything is multi factorial, so basing it off previous cycles won't tell the whole story. There are new participants in the market, and if we get a high degree of regulatory clarity and bigger companies or even countries choosing to hold it on its balance sheet this cycle, the probability that Bitcoin sets any type of similar low to previous cycles I think just doesn't happen. In this particular case, if it went to 400k for example and then sold off 70%, that would still be nearly double the price it is today. The people who make real money in Bitcoin and Ethereum are holders. They have a very long time horizon, 5+ years. That's the commitment needed to end up successful investing in this.
May 4, 20242 yr 2 hours ago, mattmcginley7 said: . The people who make real money in Bitcoin and Ethereum are holders. They have a very long time horizon, 5+ years. That's the commitment needed to end up successful investing in this. That's true with pretty much all investments. If you believe in it, stick with it.
May 4, 20242 yr 12 minutes ago, Paul852 said: That's true with pretty much all investments. If you believe in it, stick with it. I think the smart play with these guys is to take some profits out and push into something else to be a bit on the safe side while you leave a bunch in on the roller coaster.
May 4, 20242 yr Author 47 minutes ago, Paul852 said: That's true with pretty much all investments. If you believe in it, stick with it. Agreed. However, the chance that you're not gonna have a good time in crypto on a short term time frame is much higher than other investments due to the higher volatility
May 19, 20242 yr On 5/1/2024 at 5:47 AM, HazletonEagle said: So what is happening here? Everyone said halving in April leads to new all time highs. Predicting 6 figure bitcoin in this cycle. 125k. 150k.... Instead it hit its ATH before the halving, and is now plummeting again. I expected to see a 35k bitcoin after ATH but I was expecting a much bigger pop first. Where is the rocket ship? The real fun doesn’t start until next year. Bull run will go to around end of ‘25 to first quarter of ‘26.
May 19, 20242 yr Wagmi Games will be one of the top web3 gaming tokens this bull run. Their team is top notch. Hoichi is a gateway bridging token that has the old Shib dev running it (Ryoshi). It will be more popular than Uniswap next year. Both have 100x potential. Check them out if you are bored.
May 20, 20242 yr Author On 3/20/2024 at 8:21 AM, mattmcginley7 said: https://x.com/rleshner/status/1770151746129563777?s=20 100 million of USDC bought on Ethereum by Blackrock Idk if the ETH ETF gets approved in May. But eventually it will, and Blackrock will be using it to tokenize its assets https://x.com/ericbalchunas/status/1792636523050906102?s=46
May 20, 20242 yr She won the night with that single punchline. Kevin Hart was in tears for like two minutes straight.
May 21, 20242 yr 16 hours ago, we_gotta_believe said: She won the night with that single punchline. Kevin Hart was in tears for like two minutes straight. also... hit
May 21, 20242 yr 18 hours ago, we_gotta_believe said: She won the night with that single punchline. Kevin Hart was in tears for like two minutes straight. I agree. Also, I found Hart really annoying and off putting throughout the whole roast. He seemed drunk and unprepared.
May 21, 20242 yr 3 minutes ago, Imp81318 said: I agree. Also, I found Hart really annoying and off putting throughout the whole roast. He seemed drunk and unprepared. His failure to bring up Super Bowl 52 and Nick Foles was unforgiveable.
May 21, 20242 yr 6 hours ago, Khani1 said: If Eth etf gets approved, it might just shoot past $6500. A few days ago I was just thinking about getting rid of my eth and buying something like KO. I have mostly dividend paying stocks and etf's at this point. And recently began to just keep buying bitcoin so I felt like that was enough commitment to crypto for me. Now, ETH shot off. I guess Ill hold a while longer.
May 21, 20242 yr 2 hours ago, HazletonEagle said: A few days ago I was just thinking about getting rid of my eth and buying something like KO. I have mostly dividend paying stocks and etf's at this point. And recently began to just keep buying bitcoin so I felt like that was enough commitment to crypto for me. Now, ETH shot off. I guess Ill hold a while longer. If the etf gets approved, which they say is 75% chance at this point, then Eth will have a major pump. On the chance it gets rejected, well you get the point…
May 22, 20242 yr Author I remember using this exact analogy to describe Ethereum, except a decentralized version of all the applications. This is the easiest way to think about it
May 26, 20242 yr Author https://x.com/apompliano/status/1794539283300155678?s=46 "The government will ban crypto" believers in shambles I personally think Trump would sell used condoms if it improved his chances, but regardless this week has been the beginning of a political jockeying of who can support crypto harder
May 26, 20242 yr Author 14 hours ago, mattmcginley7 said: https://x.com/apompliano/status/1794539283300155678?s=46 "The government will ban crypto" believers in shambles I personally think Trump would sell used condoms if it improved his chances, but regardless this week has been the beginning of a political jockeying of who can support crypto harder I'm just realizing the next escalation of this is a strategic plan to buy Bitcoin as a reserve asset If that happens this cycle, $400k is a lock I would not have guessed this happening this quickly
May 26, 20242 yr 1 hour ago, mattmcginley7 said: If that happens this cycle, $400k is a lock How about we get to $100k before we start talking about 400?
May 26, 20242 yr Author 18 minutes ago, DrPhilly said: How about we get to $100k before we start talking about 400? I was thinking about $500k when it was at $1k I am not short sighted
May 26, 20242 yr 4 minutes ago, mattmcginley7 said: I was thinking about $500k when it was at $1k I am not short sighted Why not just to up to $10M?
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