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re: Official CryptoTalk Thread

Posted on 5/21/25 at 7:33 pm to
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/21/25 at 7:33 pm to
For there to be an unwind or a top there has to be people to unwind on and there just aren’t.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82088 posts
Posted on 5/21/25 at 7:36 pm to
Just really disappointing the BTC miners have been a complete bust and Saylor is ATMing MSTR to death these days. Was hoping to shave a little equity profits if we hit ATHs again
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/21/25 at 7:42 pm to
He’s a smart dude and he’s served his investors well so I wouldn’t give up. I think he understands the passive flows that are headed his way when MSTR is included in a few months and he’s making the base as big as possible. Getting MSTR inside peoples 401ks and letting that reflexivity feast is THE goal.

IMO that’s going to start a feedback frenzy that is hard to comprehend. Slidell and Ultimate Paradox are going to be DCA’ing into bitcoin in less than 6 months.
This post was edited on 5/21/25 at 7:45 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82088 posts
Posted on 5/21/25 at 7:50 pm to
I get it, I keep telling myself this is all for the SP500 inclusion. Otherwise, there is no sense to literally cap every single run like has been happening the past 2 weeks.
Posted by 98eagle
Member since Sep 2020
3147 posts
Posted on 5/21/25 at 11:48 pm to
quote:

This thing is a monster.
Possibly lost in the shuffle, Governor Greg Abbott is on deck to approve the creation of the Texas Strategic Bitcoin Reserve. The bill is now on his desk ready to sign. Pretty much 100% chance he signs it, in my opinion. If he does, Texas will be the 3rd state approving Strategic Bitcoin Reserves after New Hampshire and Arizona. This is a very significant precedence as more states should feel a sense of urgency to follow suit. The state adoption dominoes have started falling. Bitcoin adoption seems to be accelerating
Posted by I Love Bama
Alabama
Member since Nov 2007
38431 posts
Posted on 5/22/25 at 6:51 am to
How are you playing this metaplanet fiasco or are you touching it?
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/22/25 at 7:04 am to
Are you in? Also Metaplanet thread!!
Posted by 98eagle
Member since Sep 2020
3147 posts
Posted on 5/22/25 at 8:12 am to
I'm out. I only trade BITO, BITX and cash.
Posted by castorinho
13623 posts
Member since Nov 2010
86869 posts
Posted on 5/22/25 at 9:12 am to
Posted by 21JumpStreet
Member since Jul 2012
14866 posts
Posted on 5/22/25 at 12:48 pm to
Damn is alt season now extinct?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82088 posts
Posted on 5/22/25 at 1:43 pm to
Alt szn doesn't exist without retail. Retail is non existent right now
Posted by Odinson
Asgard
Member since Apr 2014
2863 posts
Posted on 5/22/25 at 2:43 pm to
Sneaky btc ath. When btc hits hyper mode, media and retail frenzy will wake up and fomo. Book it
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/22/25 at 3:39 pm to
quote:

Alt szn doesn't exist without retail. Retail is non existent right now
This. Everything is different now. There isn’t really a crypto cycle happening and it doesn’t feel like one is going to happen but who knows. The current bitcoin story is specific to bitcoin and it’s not a major retail event. I think people are going to be surprised when some “but this always happens” trends don’t happen going forward. Trying to time the cycle peak could be costly.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/22/25 at 4:00 pm to
If retail starts bailing on MSTR I might have to get back in to the common shares. I think there’s one more big move right before S&P inclusion that people are leaving on the table. Saylor has at least one more big trick up his sleeve.
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 5/22/25 at 5:33 pm to
I think the overall impact of retail is overstated.

Retail wasn’t as much of a thing in 2017 and that’s when you saw all the 30x+ and couldn’t really lose money on binance unless you waited too long.

I think, right now, we’re in the “Mexican standoff” phase of the BTC run. Everyone is waiting around to see when the run will top out. That is what’s complicating things, IMO.

No one really wants to sell but people are scared of buying. It seems like BTC is a little ahead of schedule but this isn’t necessarily going to correlate to a higher ATH than if it was “on time” instead of early.

Full disclose, my original price target to exit was 150k. I’ve revised it to 130k and I’m honestly considering revising it to 120k. The “trump effect” is scaring the shite out of me. I don’t know if another tweet is going to frick the market at a bad time and then that’ll be that.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/22/25 at 6:39 pm to
Exit to do what though? That’s my thing. I used to think about making money off bitcoin like it was a trade and then I thought “wtf is money? What is my base unit? What the hell am I saving?”.

Outside of adding cash for a pullback and flexibility, the idea of saving dollars sounds like a joke to me now. Rebalancing with gold is all I can come up with. With me and my wife’s 401Ks 100% in an overvalued stock market, I don’t see much there.

It’s kind of scary when you make that pivot to thinking bitcoin is the best default savings. Idk, I’d be terrified of selling right now and never getting it back.
This post was edited on 5/22/25 at 6:41 pm
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 5/22/25 at 6:45 pm to
For me, cash. I have some debt I need to pay off.

But that’s me. Otherwise, I would rotate into an alt.

I have a portfolio of crypto and it is like 15% btc and rest alts. I was hoping I could get my entire initial investment back from btc but we will see.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/22/25 at 7:00 pm to
So there are alts you prefer over bitcoin in a bear market? To each their own but I’m admittedly more on the maxi side. I figure some coins will end up having value I just have no idea which ones.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/22/25 at 7:07 pm to
Last thing, the impact of MSTR getting into the S&P is overlooked. The bid side is going to explode and grow exponentially as MSTR’s index weighting grows.

NFA but if that becomes official, be careful. Putting a publicly traded bitcoin fund that trades at a premium to its holdings into the S&P only ends one way from a mathematical perspective. Bitcoin absorbs capital and it will be put into the beating heart of the world’s greatest wealth depository. And that cap weighting will mean it can eat as much as it wants.
This post was edited on 5/22/25 at 7:09 pm
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 5/22/25 at 7:28 pm to
Mmm no. It’s more like….theres a window you can take BTC profits and rotate them into alt coins and double/triple your profits before the market goes full bear.

I’m not brave enough for that.
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