Who's Holding BTC?

[Adam H]

Pretty pleased with a few grand increase on my portfolio and ive only been in it for a few weeks. I am holding and not trading at the moment though so its pure long term investment.

 

[Admin]

I've started selling BTC at 51.4k. In retrospect, it will be too soon.

 

[Adam H]

I've started selling BTC at 51.4k. In retrospect, it will be too soon.

Selling the physical holding or trading ( shorting ) ?

54k will be a big rejection or resistance, as it will be the 1 trillion dollar marketcap.

Shorting would be crazy so im assuming your selling the holding.

 

[Admin]

Selling coins i bought in 2015. I don't short or margin trade.

 

[Adam H]

Selling coins i bought in 2015. I don't short or margin trade.

Time for retirment then

 

[Admin]

Time for retirment then

Absolutely.

 

[Adam H]

Absolutely.

Pleased for you bud. I think we'll see BTC double before the end of the year with all the instituions taking up, but we'll see it dump big before that happens as there will be manipluation to get the big boys in at lower prices I reckon. ( although many of them will have been aquiring for a while just not announcing )

I'm putting a decent portfolio together for DOT, ADA and ETH, but still larger holding of BTC. Hoping ADA and DOT will do what i think they will over the next 5 years.

Wish id got into this earlier, buying BTC and it not even getting close to 1 BTC is demoralising but still profiable.

 

[Admin]

I think you are right, it will be a hell of a year for BTC and there will also be a drop. I'm not selling out completely, I'll keep some and go in and out with them.

 

[Admin]

£200 something ($300 something) per btc

 

[stitchbob]

I think transaction fees currently make BTC non-viable as an actual currency, but it still has value as an investment. I'm not holding a lot, but I'm currently buying £50-100/month as a disposable income/see what happens play.

Basically each month I increase my holding to the next £100 level - so if I start March at £300 and my holding are worth £340 by the beginning of April, I buy another £60 to take it to £400. Doing it that way helps me keep an eye on growth, because I can see the amount I need to invest grow or shrink according to the coin growth. That means I can do some basic level of growth tracking through my normal accounting processes.

 

[jhm]

Bitcoin and Ethereum. Since you posted about this the price is obviously different. Long is better than short, "hodling" is better than trading

 

[Murray]

Whats the consensus, is the Bitcoin (and crypto) bull market over? is the all time high already in until the next halving? or will we get a $100k-300k blow off top in 2021 as most BTC bulls have prophesied using previous cycles as the map

 

[dee]

I think most people are still pretty bullish arent they? ( I stilll think its going up ) Suspect we're close to a turning point around 30k

 

[Admin]

I think we are bottoming now, perhaps a bit lower over the next week or two and then we head back up. I still see a new ATH this year.

 

[3gmedia]

Just read this a few minutes ago.

https://www.microstrategy.com/en/in...olds-over-105000-bitcoins-in-total_06-21-2021

They must be pretty confident.

 

[Murray]

Reminds me a lot of gold/silver in 2020 talked about to $3k and $100

Just read this a few minutes ago.

https://www.microstrategy.com/en/in...olds-over-105000-bitcoins-in-total_06-21-2021

They must be pretty confident.

Michael Saylor is the poster boy for insane all in Bitcoin

 

[JMI]

I think Bitcoin will go to 20-25k then breakdown to around 10k-12k for a brief period that will be when I will buy. This time frame depends on how tough the resistance is at $30k and it is extremely strong but we're already testing 31k and I can't see anything in the short term that is looking good for Bitcoin except possibly El Salvador news. I think after this correction is done will break $60k and move to $100k+

 

[JMI]

Reminds me a lot of gold/silver in 2020 talked about to $3k and $100

Yes this was disappointing Gold did hit shy of $2100 but Silver failed miserably, however we've since had double dip corrections sub $1700 and think with inflation going through roof (FED printed 8 Trillion dollars) should slowly move up to $2500 + and $50 silver.

 

[Murray]

Yes this was disappointing Gold did hit shy of $2100 but Silver failed miserably, however we've since had double dip corrections sub $1700 and think with inflation going through roof (FED printed 8 Trillion dollars) should slowly move up to $2500 + and $50 silver.

Ive been watching a weekly series by Jeff Snider and Emil Kalinowski on youtube called Eurodollar University for the past year

Jeff is a genius, knows everything about the financial system

The Fed dont print dollars they create bank reserves - https://alhambrapartners.com/2020/09/21/ok-bank-reserves-lets-do-this-one-more-time/

No inflation - https://alhambrapartners.com/2021/0...ther-example-of-why-inflation-hasd-no-chance/

Deflation is good for gold as you can see by its movement vs 10 year inflation indexed securities since 2008

 

[Adam H]

Im still massively bullish on BTC, ETH and ADA. Short term we may see it tank a little more but its just another buying opportunity. Options expiry is one to watch for ETH in a few days.

I still think the Wyckoff Distribution method is still playing out, but we'll see. That said, Up or down if it tanks, it will go backup..........hold and wait it out.