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re: Official CryptoTalk Thread

Posted on 5/15/21 at 1:09 pm to
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/15/21 at 1:09 pm to
I saw some conspiracy theories involving Musk and Coinbase the other day.


Are they not so crazy?
Posted by NashvilleTider
Your Mom
Member since Jan 2007
15292 posts
Posted on 5/15/21 at 1:10 pm to
Lol there won’t be a cypto bear for years - there is to much new Implementation - the past cycles mean nothing - we are in a super cycle with zero end for a long long time. I’m having boomers ask how to get in daily. This is just getting started
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 5/15/21 at 1:12 pm to
These altcoin valuations will 100% be going much lower than where they are now. This week, month, or year.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82097 posts
Posted on 5/15/21 at 1:16 pm to
quote:

This kinda feels like the beginning of the end

We are in the bottom of the 3rd inning for this current cycle.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/15/21 at 1:21 pm to
Retail interest is still sky high

Institutional interest in Bitcoin likely hit a snag that it’ll take some time to emerge from.
This post was edited on 5/15/21 at 1:21 pm
Posted by tduecen
Member since Nov 2006
161246 posts
Posted on 5/15/21 at 1:21 pm to
My largest holdings in order
Algo
LINK
XLM
BTC
ETH
DASH
AAVE
Posted by WG_Dawg
Member since Jun 2004
89799 posts
Posted on 5/15/21 at 1:41 pm to
Rocket (or anyone I guess)-

you posted a chart on april 24th that showed the price of btc in each 4 year cycle and it looked really consistent. Doing the math from the '13 and '17 cycles (and using '21 as a guide so far) it looks like we would continue a big run until late fall or early winter then see a dip in december/january.

Also I remember you saying the other day about "alt season" which I am/was unfamiliar with but sounded like a time when btc would stagnate and other smaller coins would pump. I also understand that this generally happens/happened in winter.

My ultimate question is 2 fold: is it common that for whatever reason bitcoin generally sees a bear run around december/january? And also if that is the general trend annually, why does everyone not just sell off a shite ton of bitcoin in the fall as it's rising hard then buy it back in december/january?
Posted by Powerman
Member since Jan 2004
171041 posts
Posted on 5/15/21 at 2:13 pm to
quote:

These altcoin valuations will 100% be going much lower than where they are now. This week, month, or year.
quote:

down time

Checks out
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
13426 posts
Posted on 5/15/21 at 2:23 pm to
quote:

Lol there won’t be a cypto bear for years - there is to much new Implementation - the past cycles mean nothing - we are in a super cycle with zero end for a long long time.

This time it’s different? I really hope you are right but the speculative froth in the altcoin market has already surpassed 2017 and I know most of these are headed for 90+% corrections but hoping it’s still a ways off as well. I do think we will never see a crypto winter as brutal as this last one again.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/15/21 at 2:57 pm to
It’s a 3.5 year cycle.

It’s looking like this one is ending early but depending on model, it was pretty close.

Halvening model had the btc peak at 100kish but raw ratios had the peak around 55-65k (apprx 20x cycle low of 3k).

Using the same ratio method and an 80% btc pull back, you’re looking at a low of 13-20k sometime over the next year and a half for btc.
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
6934 posts
Posted on 5/15/21 at 2:59 pm to
quote:

This kinda feels like the beginning of the end
We are in the bottom of the 3rd inning for this current cycle.


My sentiments.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 5/15/21 at 3:18 pm to
quote:

This kinda feels like the beginning of the end
Thisbis how you know it isn’t. When everyone is SURE BTC is going to $350k any day now, that’s when it’s the end.
Posted by Powerman
Member since Jan 2004
171041 posts
Posted on 5/15/21 at 3:21 pm to
quote:

Using the same ratio method and an 80% btc pull back, you’re looking at a low of 13-20k sometime over the next year and a half for btc.

So what you're saying is dump money in BTC in that price range and patiently wait for the next bull run and cash out?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82097 posts
Posted on 5/15/21 at 3:31 pm to
Ppl need to relax

Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 5/15/21 at 3:41 pm to
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/15/21 at 4:22 pm to


this image is basically where everyone is trying to time the top, so mid/late september

keep in mind that this is only the 3rd cycle, so we have only had two previous cycle data points which means no one really knows what will happen

the trend at the top of the previous two cycles was to sell alts into bitcoin but with the stable coins and other yield options, im not sure if that will happen this time around
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/15/21 at 4:26 pm to
must be nice to be an ADA backer
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/15/21 at 4:37 pm to
That’s what I’m doing. Everyone should do what you feel comfortable with.

The rule of thumb I live by in crypto is if your investment isn’t going to 5-10x soon, it should be elsewhere cause that’s where the risk starts to outweigh the benefit.

The absolute most you would see from btc this cycle from its current spot is 2x- that’s a no from me.

I personally don’t believe eth will break 5k this cycle- that’s a no from me.

There are some alt coins that can still 5-10x but they probably aren’t going to be ones in the top 20 or even 50 market cap right now.

Just how I operate. Others risk tolerance is higher and therefore could make more...or lose more.
Posted by WG_Dawg
Member since Jun 2004
89799 posts
Posted on 5/15/21 at 4:52 pm to
quote:

rocket31


So looking at that chart, would it be wise to sell some btc around fall (not a specific date of course, just somewhere around Sept/Oct) and wait for an expected dip around December/January?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82097 posts
Posted on 5/15/21 at 5:00 pm to
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