patrick.net

G36 says

dang! And I thought Bitcoin is ready for a breather....18.3k.....anti-bitcoin crowd has been quiet, lol
And ETH is breaking out too!

Gigantic sell wall at 18500 however the USD is dead and the buy wall is not that far below 18150+/- so will see if the exchanges let price hit that vein of sellers.... They may not honor 18500 and the sell wall disappears.

In less then 15min a -1200+ dump and a 50% recovery https://www.tradingview.com/x/0SFqgN3Q/ Just a tension release I believe, and my next marker on a breach of that last high with a possible a slight stall at 18500 is 18800/19000. Buyers are defending price imo a perfect test of that long spike now time to reject sellers and make them become buyers

Nice, what a blessing BTC on discount atm. BTW
Mexico’s second-richest man invests 10% of his liquid portfolio in Bitcoin
The 166th wealthiest person in the world has revealed that he has invested in Bitcoin.
https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin

Buy some BTC/crypto all the cool kids are doing it.... ;)

How much is that in BTC cap. His Net worth: 11.8 billion USD (2020) Forbes 10% of 11.8 Billion

Nearly 25,000 Bitcoin Address Were Created in Just One Hour
https://decrypt.co/48642/nearly-25000-bitcoin-address-were-created-in-just-one-hour
Keep in mind for noobs it takes time for their funds to be credited to trade, so expect lots of movement
in the next while as their funds come on line.

Great point Cash

G36 have you heard about PI network? https://minepi.com/ It's a no brainer giving the ability to crypto mine using your phone w/o draining the battery.
Short story, small mining pools are created and as they mine it secures the coins. If you sign up you need a referral so you can use the reference cash007
It's a work in progress but who knows ;) There isn't any monetary value at this time but a ground floor opportunity w/o any cost associated. https://minepi.com/faq
If you do sign up you will want to use your real name so if/when this actually gets off the ground your name will match kyc details that will hopefully be needed some day.
I have 866 coins who know could be pizza money 1 day.

Thanks Cash, i'll check it out.

Here's an interesting survey:

https://cointelegraph.com/news/survey-of-millionaires-finds-73-own-or-want-to-invest-in-crypto

"Survey of millionaires finds 73% own or want to invest in crypto"

“As the survey shows, this impressive performance is drawing the attention of wealthy investors who increasingly understand that digital currencies are the future of money and they don’t want to be left in the past.”

G36 says

"Survey of millionaires finds 73% own or want to invest in crypto"

Yep with funny math I target BTCs current market cap at 336B will at min. multiply by 1500% some where in the area of 5.5 Trillion As far as targets go I can see higher then most probably but not as high as some.

1 other thought, the next covid scamdemic pump will likely be on a card direct from the Treasury then we should see massive adoption while the
rich get the point that their funds new and old could be at some on going risk of Fed R. management. https://www.congress.gov/116/bills/s3571/BILLS-116s3571is.xml
Most of my free ranging cash is going to crypto atm I'm not keeping a lot in the banks.

And don't forget this dandy piece of info. https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/2020/int1170.pdf
I. Introduction and Summary Conclusion
This letter responds to your request regarding the authority of a national bank to provide
cryptocurrency custody services for customers. For the reasons discussed below, we conclude a
national bank may provide these cryptocurrency custody services on behalf of customers,
including by holding the unique cryptographic keys associated with cryptocurrency.
1
This letter
also reaffirms the OCC’s position that national banks may provide permissible banking services
to any lawful business they choose, including cryptocurrency businesses, so long as they
effectively manage the risks and comply with applicable law.2

Juicy ;)
Visa revealed its own brand-new patent on an electronic currency system (digital) that Causes the REMOVAL of the physical currency.
https://pdfaiw.uspto.gov/.aiw?PageNum=0&docid=20200151682&IDKey=5E7C13E07C78&HomeUrl=http%3A%2F%2Fappft.uspto.gov%2Fnetacgi%2Fnph-Parser%3FSect1%3DPTO1%2526Sect2%3DHITOFF%2526d%3DPG01%2526p%3D1%2526u%3D%2Fnetahtml%2FPTO%2Fsrchnum.html%2526r%3D1%2526f%3DG%2526l%3D50%2526s1%3D20200151682.PGNR.%2526OS%3D%2526RS%3D

Bill Gates “Better Than Cash Alliance.” https://www.betterthancash.org/
To accelerate the global transition from cash to digital payments. This alliance includes 75 different world governments, companies, and major international organizations

The New “Crisis Currency” https://internationalman.com/articles/the-new-crisis-currency/
Bitcoin has a very clear intrinsic value.
Bitcoin doesn’t use the traditional financial system. It has no central authority. Instead, bitcoin runs on a decentralized and voluntary network scattered around the world on many thousands of computers. It doesn’t need so-called “trusted” intermediaries or third parties. "Bitcoin has no counter party risk and has no single point of failure."
Bitcoin’s intrinsic value is that it allows you to escape the matrix… the financial prison that governments have erected with fiat currencies, central banks, and privacy-killing regulations serving as the bars on the door. It’s like a Swiss bank in your pocket.

1 more of Billy boy's world domination metrix ID2020 https://id2020.org/ Its stated goal [Is to compile] E-passports, digital wallets, building access cards, debit and credit cards, banking information, transit passes, voter information, and health records [all in one place for every person on Earth].”

BTCs quote currency USD has high probability of continuing testing and imo beaching that last low leaving high probability of BTC jacking up 18500 and beyond and testing the ATH of 19,666 depending on the exchange. Like I have mentioned BTC is not pegged to the USD it floats and has its own ecosystem and it's linked by fiat not "pegged" to any fiat.
In this environment there are little odds of US equities taking much of a correction either via RSI the indexes are not overbought and until DXY is in the oversold area 88+/-? and real "risk-off" gets involved I'm staying long. I do think a hard corrections is coming to these markets however not until the DX finds a bottom. https://www.tradingview.com/x/zH8HXOlN/

https://www.tradingview.com/x/MPhcGyNt/

Former Crypto Lawyer Brian Brooks Nominated as Comptroller of the Currency
https://nexo.io/blog/dispatch-11-pro-crypto-official-nominated-to-head-top-us-banking-watchdog?j=85376&sfmc_sub=39978350&l=26_HTML&u=1471643&mid=500009431&jb=548#utm_source=email&utm_medium=dispatch&utm_campaign=dispatch_email_011&utm_term=blog&utm_content=email

Keep in mind the house is very busy trying to institute CBDC, A BILL: To require member banks to maintain pass-through digital dollar wallets for certain persons, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Not to mention but I will https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/2020/int1170.pdf

BTC chart with another 20%+/- gains easy enough. $24,000
https://www.tradingview.com/x/h8TAXted/

However due to DeFi $ETH is likely to out perform by x/x Ethereum's all-time high is $1,448.18 https://invst.ly/swq2u
after the $550s $ETH should fly with very high probability (Ethereum 2.0) https://cointelegraph.com/news/ethereum-2-0-s-long-and-winding-road-to-scalability-launch
There is already many $ETH being accumulated due to a person will need 32 ETH to stake Ethereum 2.0 https://cointelegraph.com/explained/ethereum-20-staking-explained#:~:text=1.-,What%20is%20Ethereum%202.0%20staking%3F,blockchain%20in%20return%20for%20rewards.
I dont think ETH is more important then $BTC however I do believe the major gains will be had owning $ETH and EC20 coins such as $SNX and $LINK for 2

Thanks man, really appreciate all your helpful insight!!
I didnt even know you need 32 ETH to stake....now I know what to buy next. I only have 7 or so at the moment.
Thanks!

G36 says

32 ETH to stake

Yep $ETH 2.0 you will

G36 says

now I know what to buy next. I only have 7 or so at the moment.

$SNX and $LINK should be really good performers $SNX is a 2x easy enough and could be bunch more but it's a baby and not a lot of data to shake out for targets
atm I have a simple target of $9.92 and for $LINK I am targeting $27.75. Now if price is begging me to stay because USD is still croaking then I will hang on and see
what happens but at some point I will be taking the "risk" off....

It looks like the cool kids funds are going online at the exchanges so they can participate in some #CryptoFOMO.
https://www.investing.com/crypto/currencies XRP my best 24hr performer and my gains will be 100%+/- @.50
https://invst.ly/swzmz I may take my cost base out and swap it for some more $ETH, or $LINK

Compare price movement from the last FOMO which did not include many on the institutional side which lasted basically 4 weeks from the initial insanity, this time the move has almost doubled in starting the 8th from the buy signal environment. 1 reason for the difference is last time I think it was much more a case of irrational exuberance to the 10th degree moving price and knowing how retail traders trade or I should say hold on and hope few made any money and most lost from greed by way over leveraging. This time price has 1 ingredient it didn't have last time that being #institutionalFOMO ;) front running retail so price is moving in a much more controlled way. Big money has to be careful they don't run price up on themselves so I wouldn't expect less then these quick bleed offs and pullbacks. Opportunity is knocking I hope you can hear what I am screaming at you Notice how ATR hasn't really even started following the price action so much high probability to the upside left in this move alone lmhao .. https://www.tradingview.com/x/1D1KzMiR/

I am watching the google trends for Bitcoin. This should continue to go straight up. Everything else would be a surprise. Exciting times.

Watch the USD (DX), the dollar had a pop from econ news Chicago Fed National Activity Index (OCT) and Manufacturing PMI which didn't really have a big effect on crypto or the stock market. Prior DX broke the last low and now once the traders take the pop profit we'll be able to see if the environment stays risk-on which I am betting it will for the time being and Crypto keeps rising and the stock market keeps consolidating in it's current range.

BTW gold bugs you have been squirted and Raid'd by Crypto and gold will set at the bottom of the pile until ??? USD is even more loved then gold atm lmhao

BTC just announced by it's pattern of price it contains high probability of hitting the ATH much sooner then later. Get your ticckets while on sale the SHIP is undocking lmhao

I tried scanning this thread for mention of the news that PayPal was now selling (correct terminology?) Bitcoin. This seems huge to me. I would have dabbled in BTC a little bit but it always seemed like too much hassle. Now I, and 350 million other PayPal users, can do it easily. I guess, I haven't done it.

Robert Sproul says

Now I, and 350 million other PayPal users, can do it easily. I guess, I haven't done it.

Tread lightly. You're trading actual useful, stable currency in for spreadsheets that are a pain to deal with off exchanges (which aren't secure). Be careful of the hype. This has happened before and lots of people lost their asses. These threads read like penny stock forums. FOMO always runs out of steam.

Robert Sproul says

can do it easily

It's not that big of a deal now I would start with coinbase and migrate to coinbase pro.
Don't listen to wookie he is just bitter he missed the boat and he is going to miss the ship.... Do your own DD and forget about the
know-nothing doubters wookie has all opinion and no real knowledge.

Cash says

wookie has all opinion and know real knowledge.

Agreed! Wookie is a smart man!

Start with $btc and $eth and study DeFi if you are interested in buying other coins. $snx $link $ada
https://defipulse.com/ change the chart to a year DeFi has grown about 1300% 6mo.+/-

BTW Kroger is offering 1.5% BTC spiff to its customers, VISA has a patent to massive integrate crypto and bigger then all of that is banks can now invest take custody
and hold customers private keys for CRYPTO... wookie needs to catch up lmhao

Play the Podcast by Nathaniel Whittemore https://www.coindesk.com/bitcoin-shortage-paypal-cashapp Listen to the 1st min or so then jump to 13.30 and thats the meat...

Robert Sproul says

PayPal was now selling

More importantly the report mentions Paypal is buying about 70% of all newly mined BTC and they have 3x the customer base of BTC holder
=supply/DEMAND

Cash says

BTW Kroger is offering 1.5% BTC spiff to its customers, VISA has a patent to massive integrate crypto and bigger then all of that is banks can now invest take custody
and hold customers private keys for CRYPTO... wookie needs to catch up lmhao

Decentralized. NO #Visa #Kroger
Anonymous. NO #Visa #Kroger
Secure. NO #Visa #Kroger

Did I catch up? Let me know.

Janet Yellen has criticized Bitcoin and cryptocurrencies as being used for illegal transactions.

https://finance.yahoo.com/news/her-own-words-janet-yellen-180826628.html

.

ad says

Janet Yellen has criticized Bitcoin and cryptocurrencies as being used for illegal transactions.

https://finance.yahoo.com/news/her-own-words-janet-yellen-180826628.html

.

And that's the problem. A Mexican drug lord can pile up a room full of cash. Has Mexican authorities bribed or uses off shore sources and dumps $20-30M over a couple of days/weeks into crypto. Prices rise and FOMO sets in for the average person. So $30M more gets pumped in from average people as the drug lord sells it off making his money squeaky clean, all while getting paid to launder it.

I'm just throwing out random numbers, but it's not difficult to move a market that has such a low participation rate. All the same shit is being posted again about BTC going to the moon like back in '17. As I've said, rinse and repeat and suck the money out of suckers.

Cash says

Do your own DD

I trust myself last re: DD. I try to find one smart guy and get inspiration and confidence from him. Preferably he is not selling me anything. It has worked every once in a while.
This Saylor guy caught my attention with his rationale. And his commitment of 400 m:
www.youtube.com/embed/WrR95PFYDFQ

Anyway I need a little coin to buy psychedelic drugs on whatever site has replaced Silk Road.

I remember Saylor as I lived not far from Microstrategy back in the late 1990s. He was worth a few billion then his stock went bust. I am surprised Microstrategy and Saylor are still around to get this amount of attention.

WookieMan says

As I've said, rinse and repeat and suck the money out of suckers

I don't see the major governments that issue debt (i.e, European Union, USA, Canada, etc) allowing Bitcoin and crypto currencies to flourish.

Let alone, Bitcoin is becoming like tulips a few hundreds of years ago in Holland, its just a hyper-speculative asset.

.