patrick.net

Perspective: BTC has only given up 40%+/- of the gains above ATH, almost a given retest and really nothing in a bull run 62.8 is mean so out of all the gains above the ATH with a 3 day sell-off and wallets show whales buying it up ;) Price on the weekly is still engulfed by last weeks buying and selling gains so reality BTC is still very bullish. https://invst.ly/tfpa0
DX bumped up to the mid 90s which is a gap wall 90.665/90.810 from a time back so unless it can breach that which isn't likely BTC continues to heading to 50K+ so unless DX screams past 91 crypro continues it's epic rise.... This is a time of test of rather markets are still risk-on or have flipped to risk-off. My data says it's still risk-on so roll those dice ;)

BTW open, closes and the low of this week now become major support so if price stays above by EOW that will be crazy strong support going forward on the other hand if price break this weeks current low BTC wil very likely dump to 26800+/- and buyers will grab at what ever the weak hands drop. That how it works watch and be amazed... https://invst.ly/tfpnb

I am happy either way. If it drops to 26.8k I add more.

G36 says

I am happy either way. If it drops to 26.8k I add more.

Cool the odds are heavily with buyers not the sellers which is also the case with the equities SP500 eyeing 3967+/- easily and XAU dumps to the 1767+/- ;)

See that 7800+ weekly spike. Show me a match lmao
https://invst.ly/tgpyf Am I seeing 47800+/- by Sunday?
Sounds right. Go fetch mutts lmao

“The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend.”
https://cointelegraph.com/news/etoro-warns-users-it-s-running-out-of-crypto-to-trade-due-to-unprecedented-demand

Pakistan to Set up Two State-Owned Bitcoin Mining Farms to Help Boost Economy
https://news.bitcoin.com/pakistan-to-set-up-two-state-owned-bitcoin-mining-farms-to-help-boost-economy/

‘America and Sound Money,’ the Most Important Bitcoin Essay of the Last Year
https://www.microstrategy.com/content/dam/website-assets/collateral/bitcoin-downloads/Stone-Ridge-2020-Shareholder-Letter.pdf

Trades Jan/2021
ETH 2.71%
DOT 72.88%
ADA 52.14%
LINK 42.09%
XLM 8.11%
SNX 21.52%
ALGO 12.36%

Held trades 2020
ADA 317.71%
ZRX 20.35%

Blockchain 50: Billion Dollar Babies
https://www.forbes.com/sites/michaeldelcastillo/2019/04/16/blockchain-50-billion-dollar-babies/?sh=5eb439ce57cc

Cash says

Trades Jan/2021
ETH 2.71%
DOT 72.88%
ADA 52.14%
LINK 42.09%
XLM 8.11%
SNX 21.52%
ALGO 12.36%

Held trades 2020
ADA 317.71%
ZRX 20.35%

nice dude,

I'm long ZRX, ADA, Tezos, Dot, Link, ETH and BTC.

https://hackernoon.com/with-the-death-of-cash-privacy-faces-a-deeply-uncertain-future-l8c344v

The Coming Death of Cash and the Battle for the Future of Money. In One Future We have a Private, Anonymous Alternative to Cash but in the Black Mirror Future the Money in Your Pocket Knows Everything About You.
Cash is dying.

And with the death of cash, privacy faces a deeply uncertain future. In my article on privacy coins I said governments would drive physical cash to extinction in twenty years. Now I feel it won’t even take that long.

China’s relentless push to build a state backed digital currency, the economic disaster the global pandemic wreaked upon the world, and the incredible rise of decentralized cryptos like Bitcoin and Ethereum has accelerated the timeline to kill off cash.

Patrick says

https://hackernoon.com/with-the-death-of-cash-privacy-faces-a-deeply-uncertain-future-l8c344v

Now I feel it won’t even take that long.

China’s relentless push to build a state backed digital currency, the economic disaster the global pandemic wreaked upon the world, and the incredible rise of decentralized cryptos like Bitcoin and Ethereum has accelerated the timeline to kill off cash.

100% agree. It will happen fast. In parts of the world it has already happenend. Digital cash is the future. No way around it.

G36 says

100% agree. It will happen fast. In parts of the world it has already happenend. Digital cash is the future. No way around it.

Greatest "spec play" in todays markets... Crypto atm is a great spec play and nothing more. Digital cash is the future however no 1 knows what that will look like
1 of the worst mistake a person can make is underestimating the powers at hand... 1 Problem he mentioned and has been my opinion as well crypto sucks in use case scenarios
and lots of families could lose their wealth if the holder of the keys doesn't educate and keep them totally informed, many will not sad to say. There are lots of development with paypal, visa international and etc. who are working on making things very user friendly and people in masses will take advantage thinking they are in the real crypto game but if you study the structure of it's architecture you will find that their digital cash is anything but decentralized... Until all the ducks are in a row and lined up for the shooting I'm just going to trade in and out and buy hard assets with the majority of my profits...

Patrick says

China’s relentless push to build a state backed digital currency, the economic disaster the global pandemic wreaked upon the world, and the incredible rise of decentralized cryptos like Bitcoin and Ethereum has accelerated the timeline to kill off cash.

China is in a very big hurry to absolutely put an end to any such thing as decentralization of crypto cash....

In the mean time ;)
Morgan Stanley Buys 10% Stake in MicroStrategy to Up Bitcoin Exposure
https://decrypt.co/53630/morgan-stanley-buys-10-stake-in-microstrategy-to-up-bitcoin-exposure
SkyBridge’s Bitcoin Fund Crashes the Internet as 6,000 Scramble for Zoom Call
https://decrypt.co/53640/skybridges-bitcoin-fund-crashes-the-internet-as-6000-scramble-for-zoom-call

Technically my plan is ride the BTC tide to 53800+/- https://invst.ly/ti6s2
Watch and be amazed and while you are listen to the mutts howl BTC zero lmao

@Cash
Ethereum and BTC is pumping right now, finally ETH's new all time highs?!!

The only reason anyone would want BTC is to get dollars to buy things with, right?

At this point, a new investor would have better yields going with something like Siacoin or Cardano since BTC's price is so high.

Patrick says

The only reason anyone would want BTC is to get dollars to buy things with, right?

That's my reason. Its been a fantastic investment for me and I plan on paying off mortgages with it, buying stocks/RE and to keep some BTC forever.
For institutions its a diversification/inflation hedge to hold BTC on their balance sheet.
For the rich its a store of wealth that no entity can easily confiscate.

Patrick says

The only reason anyone would want BTC is to get dollars to buy things with, right?

Since the real use case is still in development imo I plan on buying and selling and as time goes on use some profit to own house shares of BTC which I am flat BTC atm. Just wondering you do realize BTC is the millennial's choice for their gold, most actually care less about the real metals they all heard of Peter Schiff and dont want no part of it lol ? Personally I am betting on bigger yields from ADA Cardano as mentioned as well as I see a good measurable amount of profit yet in ETH Etherum, LINK ChainLink, XLM Stellar, SNX Synthetix, ALGO Algorand, ZRX Ox for instance. There are others but being a US trader many are out of reach until if/when US trading exchanges list them.

@Cash
thought on POLS?
I think I would need a VPN to access an exchange that lists the asset.

G36 says

I think I would need a VPN to access an exchange that lists the asset.

I have a VPN but they still have kyc and AML requirements, you maybe able to get your hands on the coins your interested in but how will you move them, your US bank acct.? .... Other countries dont want to be in the gun sight of US regulators. There are the possibility of legal ramifications for lying in the financial world for the little guy. ;)

Patrick says

The only reason anyone would want BTC is to get dollars to buy things with, right?

Nah, it's shit for transactions but may serve as a peg for other things similar to gold.

Cash says

G36 says

I think I would need a VPN to access an exchange that lists the asset.

I have a VPN but they still have kyc and AML requirements, you maybe able to get your hands on the coins your interested in but how will you move them, your US bank acct.?

@Cash
>Access via VPN if they have a geo blocker.
>I sign up (as a user who can trade but not convert to FIAT).
>Buy the coin with USDC or any other stable coin.
>Take profits by trading back to a stable coin and move the stable coin back to Coinbase.

Patrick says

The only reason anyone would want BTC is to get dollars to buy things with, right?

Old dudes and there views Hahahaha

G36 says

I sign up (as a user who can trade but not convert to FIAT

What exchanges have you signed up to? So what address do you give them, proof of ID etc. they still want kyc/aml credentials?

It's go time for 1 ETH is about to do a new ATH https://invst.ly/tiioi

Cash says

It's go time for 1 ETH is about to do a new ATH https://invst.ly/tiioi

Yes baby!!!!!!!!

Cash says

G36 says

I sign up (as a user who can trade but not convert to FIAT

What exchanges have you signed up to? So what address do you give them, proof of ID etc. they still want kyc/aml credentials?

@Cash
For Coinbase & Binance I have a trading account that allows me to convert FIAT. KYC's are needed (ID, social etc).
For Kraken I only have the basic account that allows you to trade against stable coins. No KYC's, ID needed.

I see the bitter mutts are trolling again ... If they only had a spec of critical brain cell they could understand where they are so wrong...
Fk'm

G36 says

@Cash
For Coinbase & Binance I have a trading account that allows me to convert FIAT. KYC's are needed (ID, social etc).
For Kraken I only have the basic account that allows you to trade against stable coins. No KYC's, ID needed.

US traders can trade these US based exchanges Coinbase and Kraken. Binance.us allows most states to trade that platform my stae is not 1 of them. So really you don't have access to all the coins if those are your go to exchanges.

@Cash, I was interested in Polkastarter (POLS) but I agree with you there are so many opportunities within Binance/Coinbase that I wont really need another exchange.

You'll make plenty of $$$ just staying in the top coins. The problem with POLS there is no real market support so your odds are
not there. 3 active exchanges won't do...

WHO IS BUYING $590,000,000 OF BITCOIN!?

Institutional Buying, Grayscale Bitcoin Trust (GBTC) Buys Another 16,000 BTC Worth $590 Million
https://coingape.com/institutional-buying-grayscale-bitcoin-trust-gbtc-buys-another-16000-btc-worth-590-million/
18x more then the daily avg of 900 coins per 24 hrs...

@G36 doubles his money in BTC while the puke eating mutts double down on their stupidity lmao
If they only actually educated themselves they would know how idiotic they sound in their post..

@Cash,

yep, I can just imagine how it must feel if you try to trash Bitcoin and crypto for years while the excitement and price keeps shooting up. Maybe they are masochists? :)

Them old mutt fucks are Peter Schiff fans same mentality and as big a loser as he has been lol
Michael Saylor destroys Peter Schiff with this North Pole reference.
https://www.reddit.com/r/Bitcoin/comments/kzujkk/michael_saylor_destroys_peter_schiff_with_this/