The Cat Came Back!
Hi Friends,
Well i’m Feeling less and less foolish for advocating for buying bitcoin lo these last many months. I banged the drum when I bought at $4,500 only to see it descend from there down below 4K. I bought more at $3,500 and then just decided to go relatively dark on the subject — I say relatively, because, well, talking about bitcoin every now and again is relatively dark for me. I’m usually one of those super annoying guys that won’t shut up about the stuff... Well, dat mofuckah is back! And the cat came back too!!!
At this point I don’t even know what to say... btc is back to 40% of its ATH and looking mighty ferocious. I would guess that we’ll see a down this week, but I have made so many bad calls in this space i’m Not going to further humiliate myself, except to say this:
Buy some bitcoin
Of course BTFD if you can, but in the same way you might approach stacking coins or bars of precious metals, stack a little bitcoin! In my humble opinion this currency is not going away, and if it’s not going away then it’s going higher! You may think “Fak!!!” I missed 4K bitcoin so I’m not going in now — and that’d be smart if we were talking about a regular “stock” or some fucking thing — but we’re not. Bitcoin is here to stay.
As my partner said recently: “the cat is not going back in the bag!” And poignantly: he said this right after bitcoin surged $800 in a couple hours. Now by all means do your own due dilligence, but please, as your pirate buddy on this Steem blockchain, give it a hard second look. Figure out how to print off a paper wallet (i’d Be happy to help) and start loading that bastard! $9,000 may seem like a lot of moolah, but what when it’s 20k again, or 50, or a 100? And moreover, bitcoin is totally fungible so you can buy it $100 at a time, or crap, $20 at a time if you wanna’ pay to fees...
Get “in the know” so you can get in the dough
Cheers! from @thedamus
🤑🤑🤑🤑🤑🤑🤑🤑😍
The run hasnt started yet but its nice to see
It’s shaping up to rip 😜👍
BTFD..... Well if people had listened to you, they would have bought at the bottom and rode it back to $9k and doubled their money.
it's going higher buddy... not sure when, but it's going higher, much, much higher 👊🤑
@silverd510 said it below and I agree, the run hasn't even started yet.
This is just smart investors picking up cheep BTC. When it picks up mainstream attention again and gathers momentum, I expect it to smash through the ATH and bounce around $30k before the next crypto-winter kicks in. HODL through that muther fucker and then look out $100k BTC and Lambos for everyone.
How exciting!!! I need to listen to you more intently, @thedamus!
Oh gawd! Well just take general points...my specific calls are often wrong 😜😜😜
Hehe. Everytime I see BTFD it makes me think of this video :-
I listened to you, agreed with your hocus pocus... and still didn’t buy! 🤣😂🤣
I am very pleased for you though! Ride that wave.
PS - Love the Leon photo. Kid is looking like a champ.
Several months ago, I believe I called the bottom for BitCoin at around the level of $2,745 - or something like that. WHERE IS THE BITCOIN BOTTOM? However, the bulls held very strong at the $3K level, and it never flirted below that level for any length of time.
I'd say my call was pretty close. It's based on my own way of doing TA and, judging from the past movements and impulses in the BTC price, I'd call a comfortable sell target for this next round of impulses in the range of $90K - $120K. I know that's a huge range, but the cryptos are so very volatile and unpredictable. But, if I were holding a crap-ton of BTC (which I am not - I'm more partial to LiteCoin), I wouldn't take profits on it for anything less than $75K or $80K, and then I'd only take partial profits - if I wanted to live a little larger.
For silver - I'm not selling for anything less than $120/oz. I think that will be possibly doubled or tripled ($350 - $500/oz) sometime before the end of the next decade - probably sooner.
And, I wouldn't sell any currently held gold for less than $5K/oz., but I think $10K is well within reality within the next decade.
Great call on btc! I hope your metals predictions come true too — just not too soon 🤩👍
I think we'll really start to see increasingly rapid changes in the world's financial markets as time progresses. In 3 or 4 years, I don't think we'll even recognize the financial landscape we find ourselves in - as compared to how people see markets today. Change is coming, and it will be more and faster as it plays out. The real key will be the demise of the U.S. Petro-Dollar, and how that timing all plays out. A new Reserve Currency could well include precious metals, national FIAT currencies, and a crypto element - all rolled into one. Or, it might be something most of us are not even expecting or aware of. Needless to say, an increasingly volatile world is ahead of us, and new things will be afoot. This bodes well for cryptos and metals, IMHO. When the dollar goes away, watch out for metals to hit the roof and break a few necks in the process. The real trick will be when and how to best transfer your various forms of money into other things that you need and/or want - how to maximize your wealth-preservation efforts, without being taken to the cleaners.
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I wish I could trade. I would have doubled by now.
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