Are we excited yet?

25% for October. It's just bubbling up now towards April.

wen retire

Exactly, that's how stupid and irrational the market is. It's great.

The only skill required is the ability to wait until it's in the toilet, buy, then sell it to impatient people during a frenzy later.

There is a reason, BlackRock have started seeding for their upcoming ETF, meaning they'll be buying an initial amount of BTC to have available upon launch. That's caused more anticipation of ETFs in general being approved soon

Again these cringe crypto-bro slogans and "diamond hands" crap. 99% of crypto is utter garbage, but people (like yourself) implore others to "hold" it so they can unload it later for a profit. That's the whole scheme. I held Doge since 2014. Why? Because I was gambling that someone would pay stupid amounts for it later. For exactly the same thing. Which is what happened.

That's how stupid and irrational this market is. A coin with no cap, made as a joke, that does nothing, worth billions. 99% herd psychology.

It's cathartic to be honest about crypto, instead of always trying to sell it to people. You should try it.

Yes gold is used in everything from computers to photography. On top of that it's been a rare precious metal for thousands of years.

Bitcoin gold on the other hand does nothing and produces nothing. Except exist as a artificially scarce digital token.

Land produces rent, stocks produce dividends (and a share of a company), bonds produce interest.

Bitcoin produces nothing, it just consumes (energy)

99% of crypto are just gambling tokens. I'm fine with that, but am calling a spade a spade here.

I didn't even notice I presumed this was the "worried" thread.

In terms of purely making money, I wouldn't be keen on a run now, it would interfere in the crypto voodoo of the "expected" run in 2024/2025 (my own personal random prediction on that is that it will happen in that time period, but most big coins won't go over ATH, as in 2021 will have marked peak)

I'd be much more upbeat if this sideways thing went into the red far deeper to 2018 or 2019 levels, imagine Eth at sub 500 or BTC sub 10k, I'd be snapping it up.

I can't see how anyone could watch the bank accounts of Canadian's getting shut down by their government for peacefully protesting, them not being able to get paid, pay their mortgages, or even buy food, the go fund me that was set up was closed. Even people who sent them money were targeted. And not think bitcoin is essential.

I think it’s fairly remarkable that people can read that a government can shut down peoples access to their own money, and at the same time be blindsided to the fact that a government has just shutdown people’s access to their own money.

As it seems Blackrock will be entering the market, I don't think your idea that we will never see a new ATH is plausible. They manage over 9 Trillion USD in assets and if they switch 0.5% of that (which I believe is their plan) to Crypto (Bitcoin I imagine) we are talking an extra 450 billion into the market. They are of course not alone so other funds would follow. With the dwindling circulating supply of Bitcoin an injection that large would put huge buying pressure on Bitcoin.

All depends on whether the Bitcoin ETF gets approved, which it seems to be on course to being done. I guess we'll see in the next 24 months but will be an interesting ride and happy that I invested during this bear as much as I could.

As others have said, 99% of crypto is utter crap and in the long term will burn people who buy it. I've learnt some hard lessons and now try to play it safe with mainly only the major value making coins (that would attract institutional investors) though I am heavily invested in a token which I believe will come good eventually and am mining a chain which is a long shot but in theory has promise (again aimed at institutional investors).

Just to stipulate a bit, my speculation is that we won't see ATH on a majority of coins in the next run. Pure guesswork of course. 2021 hype was fueled by DeFi, NFTs, the meme frenzy and so on. I just don't see any massive hype generators like that in the pipeline (AI, but it's a bit meh, and interoperability, also meh for the average joe)

Next run, if there is one, we may see individual ATHs broken of course, possibly even BTC.

Even BTC, I don't see high volumes of "institutional" investment happening, its something that can drop 40% in a day. An ETF doesn't change the underlying fundamentals, just puts a layer of lipstick on the pig.

At the end of the day it just boils down to hype, if enough hype can be generated, that can hit critical mass (2013, 2017, 2021) and emotion takes over, people pile in, existing investors fleece them. As long as the market is volatile enough there'll always be that attraction and interaction. We'll see.

Fair play to whoever was hoovering up Solana here a few weeks ago. I bought some at 23 off the back of their enthusiasm. 👍️

Didn’t go for it myself as it seems the ftx sol was going to be offloaded, was thinking it would bring the price down even if there was talk of offloading in drips.