Crypto Sackie's crypto prediction - to reach 30k.

Discussion in 'Other Asset Classes' started by Sackie, 21st Sep, 2021.

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  1. Sackie

    Sackie Well-Known Member

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    Sackie, 25th Sep, 2021
    #21
  2. Gav

    Gav Well-Known Member

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    Nothing like having skin in the game!!!
     
    Gav, 25th Sep, 2021
    #22
    LROB and Sackie like this.
  3. Pier1

    Pier1 Well-Known Member

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    Pier1, 25th Sep, 2021
    #23
  4. samiam

    samiam Well-Known Member

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    This time will be different- look at all sectors- Xi is bringing back common prosperity!
     
    samiam, 25th Sep, 2021
    #24
    gman65 likes this.
  5. Michael.Knight

    Michael.Knight Well-Known Member

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    Let us know how much money you lose...
     
    Michael.Knight, 25th Sep, 2021
    #25
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  6. Perky29

    Perky29 Well-Known Member

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    China did the same thing in 2013, and BTC dropped below 7k...
    There is a very good chance they are accumulating in the background after talking it down.
    You only need to look at how much Gold they own. Official reserves from them say 1,948 tonnes, but its more likely to be over 14,000 tones - see here .
    So my take, don't believe them.
     
    Perky29, 26th Sep, 2021
    #26
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  7. PropStar

    PropStar Active Member

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    How’s it working out? What is the time frame on your short?
     
    PropStar, 9th Oct, 2021
    #27
  8. Sackie

    Sackie Well-Known Member

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    It was a short term trade. Existed long ago with a just under 4k profit, 20% return on my investment.

    Overall I'm still bearish on the future of it.
     
    Sackie, 9th Oct, 2021
    #28
  9. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    That’s the thing with these threads: no timeline, when you follow up it’s all done and dusted.
     
    Ouga, 15th Oct, 2021
    #29
  10. Noobieboy

    Noobieboy Well-Known Member

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    Hahahaha. Can trust you giving me a good chuckle. Love your posts.

    I don’t understand dis shiz. So I don’t touch it.
     
    Noobieboy, 15th Oct, 2021
    #30
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  11. Sackie

    Sackie Well-Known Member

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    Nigher do I tbh. I stick 99.9% to real estate and business.
     
    Sackie, 15th Oct, 2021
    #31
  12. LROB

    LROB Well-Known Member

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    Shorting the wrong asset class @Sackie. Should be shorting the commodity market for china's incredible collapse. Contagion will be real. Seen the pyramid ponzi AKA derivatives?

    Bitcoin will take a hit. But ultimately it'll hit $100k, 1m <end of fiat?>, 10m, 100m...
     
    LROB, 18th Oct, 2021
    #32
    Sackie likes this.
  13. Gen-Y

    Gen-Y Well-Known Member

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    Stick to what you know best. :D:D:D
    Leave the cypto to the speculators and professionals.

    I can admit - I know SFA about cypto and just leave it at that.
     
    Gen-Y, 18th Oct, 2021
    #33
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  14. LROB

    LROB Well-Known Member

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    Ignorance is bliss. Leave the bitcoin for the rich millennials pls :)
     
    LROB, 18th Oct, 2021
    #34
  15. Sackie

    Sackie Well-Known Member

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    I made a 20% return so I'm not complaining. But I'd never dare 'invest' much in it. Just doesn't fit my risk tolerance. The volatility is too insane.
     
    Sackie, 18th Oct, 2021
    #35
  16. Noobieboy

    Noobieboy Well-Known Member

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    What is the competitive advantage of Bitcoin? Other than first mover advantage I can not see any. And if history fought me anything is that first movers rarely last. Spectacular growth initially that might be followed by total obliteration once others move into the space.

    From Facebook to consortium of Central banks, there are many parties that are working on digital currencies. My bet is that they will easily push it to sidelines.

    That, coupled with its inefficiency and the fact that it is only supported by miners who expect it to keep growing worries me.
     
    Noobieboy, 18th Oct, 2021
    #36
  17. djyella

    djyella Well-Known Member

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    FYI Bitcoin is considered a boomer coin now. Most crypto traders I know don't even hold bitcoin anymore as the upside is not considered worth it.
     
    djyella, 19th Oct, 2021
    #37
  18. Harveys

    Harveys Well-Known Member

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    Knocking on the door of ATH again.
     
    Harveys, 19th Oct, 2021
    #38
  19. djyella

    djyella Well-Known Member

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    Next stop $200k.
     
    djyella, 19th Oct, 2021
    #39
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  20. crosek

    crosek Well-Known Member

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    Just read this thread... oh boy

    Bitcoin is one of the best risk adjusted investments you can make.

    The first (of many) ETF started trading on Nasdaq today with a near $1BN of transactions on the first trading day.

    But its probably nothing...

    Screen Shot 2021-10-20 at 3.57.11 pm.png

    I recently refinanced PPOR and loaded up on cheap Bitcoin during this latest dip. I do not recommend it to anyone who is new, I have spent 2000+ hrs studying Bitcoin so I have full conviction, intent and understanding.

    I can see the crazy eyes looks on a lot of faces reading this haha, thats ok :) I don't blame you.

    Whatever you think of Bitcoin, I urge you to just forget what your friend or uncle Bob has told you and just try to learn about it for yourself.

    If you have any questions, feel free to ask away.
     
    crosek, 20th Oct, 2021
    #40
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