Bitcoin

Ron Resnick

Site Co-Owner, Administrator
Jan 24, 2015
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Beverly Hills, CA
Galaxy Digital has been working.
 

Zero000

Well-Known Member
Jul 28, 2014
2,985
1,139
478
Bitcoin $25k was a nice Christmas present. Fear a temporary end is near though looking at volume patterns. $30k will be a big struggle if it even gets there.
Indeed a nice present. I am also a bit surprised that happened over Xmas.

The financial institutions really are getting very interested like never before. I think waiting for really big dips in price to buy in this coming year might be very optimistic.

But who knows. MicroStrategy's Michael Saylor is very interesting to listen to on YouTube. And he's definitely put his money where this mouth is.
 

Jazzhead

VIP/Donor
Aug 26, 2012
1,466
108
985
When's the correction coming?
 
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KeithR

VIP/Donor
May 7, 2010
5,144
2,812
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Encino, CA
BTC $33k for New Years I guess - will see what happens when market participants are back in the office this week. It's getting toppy as I've said - volume increasing, huge daily moves, etc. $30.2k was a big fibonacci level so in uncharted territory.
 
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Folsom

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Oct 25, 2015
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BTC $33k for New Years I guess - will see what happens when market participants are back in the office this week. It's getting toppy as I've said - volume increasing, huge daily moves, etc. $30.2k was a big fibonacci level so in uncharted territory.
sooo ? $38k right now.
 

KeithR

VIP/Donor
May 7, 2010
5,144
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Encino, CA
sold 1/3 at $32k. clearly not the right move, but its tulips again right now. way way way overextended. could fall to $22k and be perfectly normal.
 
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Zero000

Well-Known Member
Jul 28, 2014
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Max Keiser predicts $228k by year end.

At the start of 2020, he predicted $28k by end of 2020. That was pretty accurate.
 

KeithR

VIP/Donor
May 7, 2010
5,144
2,812
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Encino, CA
Max Keiser predicts $228k by year end.

At the start of 2020, he predicted $28k by end of 2020. That was pretty accurate.
free investing advice - don't listen to those kinda dudes or "bugs." He just happened to miss $19k to $5k in 2018, too, despite a $100k forecast.

tremendous volatility today from 36k to 40.5k, down to 36.5k and then around 39k. speculators all-in. I still feel a near term top is coming.
 

bazelio

Well-Known Member
Sep 26, 2016
2,493
1,745
345
California
free investing advice - don't listen to those kinda dudes or "bugs." He just happened to miss $19k to $5k in 2018, too, despite a $100k forecast.

tremendous volatility today from 36k to 40.5k, down to 36.5k and then around 39k. speculators all-in. I still feel a near term top is coming.
At $4k, I was predicting $0 within a year. I've also predicted the collapse of Apple. I don't do forecasting for a living, and yet, I'm often no less wrong that those who do.
 

Zero000

Well-Known Member
Jul 28, 2014
2,985
1,139
478
Diri
free investing advice - don't listen to those kinda dudes or "bugs." He just happened to miss $19k to $5k in 2018, too, despite a $100k forecast.

tremendous volatility today from 36k to 40.5k, down to 36.5k and then around 39k. speculators all-in. I still feel a near term top is coming.

free investing advice - don't listen to those kinda dudes or "bugs." He just happened to miss $19k to $5k in 2018, too, despite a $100k forecast.

tremendous volatility today from 36k to 40.5k, down to 36.5k and then around 39k. speculators all-in. I still feel a near term top is coming.
I just think it will be interesting to look back on Max's prediction in this thread in a year.

I do think the massive money printing and falling dxy are the cause of the rise, though, basically. While that keeps happening BTC will probably do pretty well.

I also think we are probably at the start of far wider adoption of Blockchain tech with retail getting interested in crypto, the recent stablecoin announcement, and increased interest from financial institutions.
 
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Folsom

VIP/Donor
Oct 25, 2015
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I was pretty sure $40k~ was the top for now. We always want to believe things affect it but sometimes simple things seen in the numbers are just true... It didn't look like it was going anywhere.
 
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Zero000

Well-Known Member
Jul 28, 2014
2,985
1,139
478
Elon, Visa, Mastercard, the oldest American bank, probably Oracle and maybe Apple. The list is getting ever greater by the day.

FOMO mania as everyone piles in...
 

Folsom

VIP/Donor
Oct 25, 2015
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FOMO for sure.

Ron was a bit sore when he bought and it went down, I wonder if he held till now.
 

Ron Resnick

Site Co-Owner, Administrator
Jan 24, 2015
16,017
13,347
2,665
Beverly Hills, CA
FOMO for sure.

Ron was a bit sore when he bought and it went down, I wonder if he held till now.

I held everything I bought during the craze at the end of 2017, both the cryptocurrencies and the blockchain companies.

Three of the blockchain companies I invested in went to zero. Those three were frauds.

But see Post 596, above. The company I posted about, Galaxy Digital, has became, at the moment, the single best investment of my life.

I sold half of the cryptocurrencies a few weeks ago when BTC hit 41,000. I've been selling partials on Galaxy Digital over the last few weeks.
 
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Folsom

VIP/Donor
Oct 25, 2015
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Time to wait for another buy in perhaps?

People are going BTC crazy again. But I simply don't believe even covid BS will truly make it change behavior greatly. I expect and ebb with any major flow. The settling point of the last halvening was around half what the price is to day, maybe a bit less... if that says anything.
 

Ron Resnick

Site Co-Owner, Administrator
Jan 24, 2015
16,017
13,347
2,665
Beverly Hills, CA
I think it is unlikely to drop in half again. There is too much institutional money waiting to initiate an investment.

The drop from 42,000 stopped at about 32,000. I was hoping for mid-20,000s but it never came.
 

Folsom

VIP/Donor
Oct 25, 2015
6,024
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Eastern WA
You don't think they want to drive the price down before buying?
 

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