Epic Pennant on BTC Chart

[Nat99]

On 2/2/2019 at 9:01 PM, Eric123 said:

@Milly238  I think knowing when to sell is much harder than knowing when to buy.  So far Bitcoin has been surprising both to the upside and to the downside.  If things keep in line with the 2015 low (about $200) to 2017 high about ($20,000) 100x -  We are looking at bitcoin around $300,000 to $350,000 and then it would fall to around $35,000 to $50,000. Obviously who knows if that is gonna happen.  If that does happen I don't see any reason why XRP wouldn't be triple digits at that point.  When you take profits is basically a personal choice depending on your goals, risk tolerance, FOMO, when you bought in, amount of investment, etc.  For myself I don't plan on selling any XRP for less than $20.

 

Started re-reading the blog, which, back then in early 2019 when @Eric123started it, I discarded as BS. Should've listened.

Above quote is a good reminder of what's to come. 2021 bullrun might look more like 2013, rather then 2017.

Bobby Lee had a good comment about the top of a cycle: it's not when the big FUD guns come out that the top is in, but when the price doubles in 1-3 days. So, for this year it would mean that price could double from 150k to 300k in 3-4 days with 35k-50k candles per day. Sounds about right, @Eric123?

 

[Plikk]

I am not scared, eventhough everyone that has sold is trying as hard as they can to shake everyone else out as well. I am buying as much as I can at these prices. I personally expect a few months of boring upside consolidation and then a final rally at year’s end. Then I will take most of my profits, certainly not now. 
 

Crypto had seen mid cycle sell-offs in every cycle. In 2017 we had a mild one(also due to China FUD) and in 2013 it was a prolonged and that tough one. It always ended up in a final blow-off top at year’s end. Therefore I am as accumulating as much as possible, I belief it will pay off handsomely. Made this post for the people that are buying and still care about crypto, not interested to get into any more discussions or debates  

Good luck all!

[WarChest]

5 minutes ago, Plikk said:

I am not scared, eventhough everyone that has sold is trying as hard as they can to shake everyone else out as well. I am buying as much as I can at these prices. I personally expect a few months of boring upside consolidation and then a final rally at year’s end. Then I will take most of my profits, certainly not now. 
 

Looking to buy back into BTC @ the 2017 High, around $20k

[xrp-nuke]

15 minutes ago, Plikk said:

Made this post for the people that are buying and still care about crypto, not interested to get into any more discussions or debates

Yes we are selling high and buying low! 🤣🤣🤣

HODL & Lower DCA & BTFD is not near the only way to care about crypto 😁👌

[Plikk]

7 minutes ago, WarChest said:

Looking to buy back into BTC @ the 2017 High, around $20k

You’ll have to wait for this cycle to end and the next bear cycle lows for that to happen IMO. 
 

For now, bottom is probably finally in. 28k is a strong and important lvl to watch, that’s for sure. 

[ManBearPig]

I don’t have liquid fiat to invest for about another month but I would be Dollar Cost Averaging at these prices on BTC if I could. 

I also would want to accumulate some newer generation alts to hold for five+ years (ie. WOO, CELL, RVP, some defi).

I’ve sold off on my XRP to get my investment back and a little profit which is about 1/3 of my ownership but now intend to hold the rest.

Short term pain for long term gains.

Edited June 27, 2021 by ManBearPig

[ManBearPig]

 

1 hour ago, Plikk said:

I am not scared, eventhough everyone that has sold is trying as hard as they can to shake everyone else out as well. I am buying as much as I can at these prices. I personally expect a few months of boring upside consolidation and then a final rally at year’s end. Then I will take most of my profits, certainly not now. 
 

Crypto had seen mid cycle sell-offs in every cycle. In 2017 we had a mild one(also due to China FUD) and in 2013 it was a prolonged and that tough one. It always ended up in a final blow-off top at year’s end. Therefore I am as accumulating as much as possible, I belief it will pay off handsomely. Made this post for the people that are buying and still care about crypto, not interested to get into any more discussions or debates  

Good luck all!

Just one question! 👋

BTC dominance to charge forward with a second alt season blow off top to follow in this scenario?

 

Edited June 27, 2021 by ManBearPig

[Plikk]

47 minutes ago, ManBearPig said:

 

Just one question! 👋

BTC dominance to charge forward with a second alt season blow off top to follow in this scenario?

 

Dominance to about 52-60% is a very probable outcome for the coming months. Alt season is over for now, until we make a second leg down which I expect to go as low as a 12% dominance.

 

 

[MQB]

4 hours ago, Plikk said:

I am not scared, eventhough everyone that has sold is trying as hard as they can to shake everyone else out as well. I am buying as much as I can at these prices. I personally expect a few months of boring upside consolidation and then a final rally at year’s end. Then I will take most of my profits, certainly not now. 
 

Crypto had seen mid cycle sell-offs in every cycle. In 2017 we had a mild one(also due to China FUD) and in 2013 it was a prolonged and that tough one. It always ended up in a final blow-off top at year’s end. Therefore I am as accumulating as much as possible, I belief it will pay off handsomely. Made this post for the people that are buying and still care about crypto, not interested to get into any more discussions or debates  

Good luck all!

I am calling for another guru @automatic to confirm this.

Pleeeeeeeeease!

ps noticed the assists/turnover ratio disappeared, which means all comments are of equal value?

Edited June 27, 2021 by MQB

[Neurotoxin]

7 hours ago, MQB said:

ps noticed the assists/turnover ratio disappeared, which means all comments are of equal value?

Hadn’t noticed that till you mentioned it lol. Weird

[Nat99]

11 hours ago, ManBearPig said:

I also would want to accumulate some newer generation alts to hold for five+ years (ie. WOO, CELL, RVP, some defi).

I did that. Been focusing on staking coins. Got a bit of DOT, got some MINA and am thinking of getting my hands on some Persistance (XPRT). DOT stakes at 12% and XPRT at 35% currently but both have slashing, MINA doesn't and stakes at 11%. MINA is my biggest bet of these three. It could become a rival to ETH, which doesn't mean it replaces it, but at a current market cap of USD 237mio, it can easily do a 10x and still be quite small, given the whole crypto cake is going to grow. ETH is at $2k and we all know that we'll see 5 figures for ETH this year. I think DOT at $100+, ETH at $10k and MINA at $25 are not outlandish price targets for this year. Question is of course to what price levels they come down to, once the bear market starts early next year. After all, the BTC super-cycle idea has been floated around a lot and while there's a lot of hopium in that idea, there are some rather sound arguments for it. Maybe it'll reduce the BTC draw-down from 85% to 70% and that would still mean that alts go down by more than that, but I guess nobody really knows. And then there's Flare, the rather big unknown. It will be worth something and it will yield something with all the passive income possibilities it seems to offer.

Also, I've been thinking of selling some XRP at $10+ and get into BTC mining. I think it's underappreciated in terms of passive income. One miner for USD 10k can produce $500 per month at current prices and as long as percentage wise the BTC price grows more than network difficulty, mining BTC will be profitable. The fundamentals are getting better, with machines having a longer life time (S9s are half a decade old and still mine profitably - mind you they account for 25% of the current hash rate) and semiconductor chips are being produced in the US now. I understand Taiwan Semiconductors and others are setting up shop in Arizona and Texas. Also, hosting at prices below 7 cents per kilowatt hour has become accessible to pretty much anybody with the ability to buy even one miner. Break-even can be reached in less than 24 months (24 months is the worst case scenario IMO) and then one can just let it run and it becomes a question of opportunity cost of not replacing the machine, rather than profitability after that. This cycle is all about getting rich enough to both quit my job and have a passive income from staking and mining.

I think if one plays their cards right, one can get wealthy in 3 cycles. 

[Nat99]

10 hours ago, Plikk said:

ntil we make a second leg down which I expect to go as low as a 12% dominance.

Timewise, it could go into January 2022. How do you see this?

[MQB]

There will be an imminent alts recovery or some small cap coins moonshot before that 

[BarnBuilder]

If you've heard about the dark side of Tether but have never seen all the pieces put together this video does that.  I think the interesting thing is that, eventhough you might not have USDT, a failure of Tether could significantly affect crypto.  I thought it was a good watch.

 

[Plikk]

Tether FUD makes me cringe every single time. I have been fighting many different variants of Tether FUD for years now, and every single time it comes back with even more far-fetched 'problems'. It's a complete non-issue.

The main problem remains that the level of ignorance surrounding Tether is immense, hence the FUD can come back again and again in different forms. New investors or easily scared one can be influenced over and over. Easy target for whale games.

Edited June 28, 2021 by Plikk