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Bitcoin at 31k - Congratulations and Happy NY to all BTC Holders!

By Bitcoin follow Bitcoin   2021 Jan 2, 6:02am 2,977 views  278 comments           share      

I made 2x in 2 month! We are in ultra bullish conditions. Institutions are pouring in millions and millions of USD into Bitcoin and no end in sight.



https://news.bitcoin.com/here-are-the-top-public-companies-that-have-adopted-bitcoin-as-a-reserve-asset/


Beginning of November 2020


Jan 2nd, 2021

Comments 1 - 40 of 278   Next »    Last »

1   BayArea   2021 Jan 2, 6:11am  

Been doing great.

It’s got legs to run further too.

Disclaimer: I don’t recommend anyone buy. But I also have no problem with crypto making up 1-2% of your investment portfolio.
2   WookieMan   2021 Jan 2, 6:15am  

personal
3   Bitcoin   2021 Jan 2, 6:17am  

BayArea says
It’s got legs to run further too.

yep, the Bitcoin google trends are showing a breakout now. That indicates retail investor awareness.
4   BayArea   2021 Jan 2, 6:22am  

It reminds me a lot of late 2017

Over the course of my investment life, I get concerned when strippers, Uber drivers, plumbers etc are all talking about how much money they are making in bitcoin.

I’ll just continue to sit on the $10,000 investment I made a few years ago.

Agree above that there are way too many posts on this topic, traditionally a sign of bubble lol
5   Bitcoin   2021 Jan 2, 6:26am  

BayArea says
It reminds me a lot of late 2017
Over the course of my investment life, I get concerned when strippers, Uber drivers, plumbers etc are all talking about how much money they are making in bitcoin.
I agree with the second sentence. Once there is euphoria, you want to start thinking of scaling out. Do you see any hype yet? Is the avg Joe reaching out to you and asks about Bitcoin?
6   BayArea   2021 Jan 2, 6:27am  

G36 says
BayArea says
It reminds me a lot of late 2017

Over the course of my investment life, I get concerned when strippers, Uber drivers, plumbers etc are all talking about how much money they are making in bitcoin.



I agree with the second sentence. Once there is euphoria, you want to start thinking of scaling out. Do you see any hype yet? Is the avg Joe reaching out to you and asks about Bitcoin?


It’s getting there. Just this week I was at the playground with my kid and a random caretaker starts talking to me about bitcoin
7   Bitcoin   2021 Jan 2, 6:31am  

BayArea says


It’s getting there. Just this week I was at the playground with my kid and a random caretaker starts taking to me about bitcoin


I think we are in the Institutional phase/media attention phase. Look at the google trends. We havent even reached back to all time highs. None of the top ten ALT's are close to their new ATH besides BITCOIN.
8   BayArea   2021 Jan 2, 6:43am  

G36 says
BayArea says


It’s getting there. Just this week I was at the playground with my kid and a random caretaker starts taking to me about bitcoin


We havent even reached back to all time highs.


I’m not sure what you mean by this as we are at all time highs.
9   Bitcoin   2021 Jan 2, 6:48am  

BayArea says
G36 says
BayArea says

It’s getting there. Just this week I was at the playground with my kid and a random caretaker starts taking to me about bitcoin

We havent even reached back to all time highs.

I’m not sure what you mean by this as we are at all time highs.


-Bitcoin is at all time highs.
-Bitcoin searches on google (trends) are way BELOW ATH's. Indication that we are in the awareness phase. Retail investors are not in the market yet. Its all driven by institutions.
-Altcoins (ALT's) are way, way below ATH's. I would expect retail investors are pouring into Altcoins. Institutions only invest in Bitcoin as far as I know.
10   BayArea   2021 Jan 2, 6:50am  

Gotcha, thanks for clarification.
11   WookieMan   2021 Jan 2, 7:07am  

Ignore works brah. Didn't realize some were so soft. lol. Game over. I win.
12   Bitcoin   2021 Jan 2, 8:11am  

32k now!


Imagine Bitcoin will have a higher market cap than Tesla in the near future....
13   BayArea   2021 Jan 2, 8:43am  

$33,000
14   Bitcoin   2021 Jan 2, 8:46am  

BayArea says
$33,000


Crazy!!!! so fun to watch! Hoping for the start of the ALT season soon....ETH, LTC, ADA arent even close to ATH's yet.....
15   Patrick   2021 Jan 2, 9:53am  

WookieMan says
Jesus, just post in one fucking thread already. Making a new post each week is retarded. ...


OK, that is personal, but please don't create new threads with no significantly new topic.
16   Cash   2021 Jan 2, 9:57am  

Patrick says
WookieMan says
Jesus, just post in one fucking thread already. Making a new post each week is retarded. ...

BS all he has to do is ignore any topic that says BITCOIN or similar.... There are plenty of topics the same in basic content repeated.
17   Cash   2021 Jan 2, 10:01am  

There is reason wookie and OV have so many ignoring them.....
18   B.A.C.A.H.   2021 Jan 2, 10:15am  

Are Cash and G36 the same person?
19   WookieMan   2021 Jan 2, 10:15am  

personal
20   WookieMan   2021 Jan 2, 10:18am  

B.A.C.A.H. says
Are Cash and G36 the same person?

No. I disagree with cash, but he contributes in other topics and has thoughts in the past I agree with. G doesn't and is spam/bot type and has changed accounts and usernames multiple times. I'm sure this will get called personal. It's reality though.
21   B.A.C.A.H.   2021 Jan 2, 10:20am  

WookieMan says
No. I disagree with cash, but he contributes in other topics and has thoughts in the past I agree with. G doesn't and is spam/bot type and has changed accounts and usernames multiple times. I'm sure this will get called personal. It's reality though.


Maybe. Or maybe those are two personality sides to the same person.
22   Cash   2021 Jan 2, 10:27am  

Instead of bitching about crypto at every opportunity you should just stay away from the topic as a whole.
Your comments just promote the responses you are fishing/trolling for lmfao. Stay the fuck away from the topic
if you can muster up that much self control.
There has been plenty of insightful, creditable and legitimate info about crpto posted with supported links and all
the opposers do is give there own mostly unsupported and disrespectful opinions.
23   Cash   2021 Jan 2, 10:28am  

Respect begets respect....
24   WookieMan   2021 Jan 2, 10:31am  

Cash says
Instead of bitching about crypto at every opportunity you should just stay away from the topic as a whole.
Your comments just promote the responses you are fishing/trolling for lmfao. Stay the fuck away from the topic
if you can muster up that much self control.
There has been plenty of insightful, creditable and legitimate info about crpto posted with supported links and all
the opposers do is give there own mostly unsupported and disrespectful opinions.

You answer questions. There's a difference. As much as I disagree with you, it matters. I legitimately believe you're invested in crypto. That's fine. You can make money as I've said dozens if not hundreds of times. G is just pumping. Spam. Likely doesn't have $1 in it.

You talk about BTC price dropping. Maybe taking gains. G is just saying it's going to the moon. There are people dumb enough to believe that. It's dangerous. Sorry if I get nasty, but I just respond to the responses I get.
25   Bitcoin   2021 Jan 2, 10:32am  

Patrick says
WookieMan says
Jesus, just post in one fucking thread already. Making a new post each week is retarded. ...


OK, that is personal, but please don't create new threads with no significantly new topic.

@Patrick. Thanks. I wont create another post until we may hit 100k for Bitcoin or so. Would that be fine? I think that would be significant. Since wookie made this personal comment, it should be deleted. Isnt he also a moderator?
26   WookieMan   2021 Jan 2, 10:41am  

G36 says
Patrick says
WookieMan says
Jesus, just post in one fucking thread already. Making a new post each week is retarded. ...


OK, that is personal, but please don't create new threads with no significantly new topic.

@Patrick. Thanks. I wont create another post until we may hit 100k for Bitcoin or so. Would that be fine? I think that would be significant. Since wookie made this personal comment, it should be deleted. Isnt he also a moderator?

Explain what was personal? My comment could have been directed at BA. Not sure what was personal. Won't expect an answer.
27   WookieMan   2021 Jan 2, 11:03am  

personal
28   WookieMan   2021 Jan 2, 12:15pm  

personal
29   WookieMan   2021 Jan 2, 12:44pm  

personal
30   B.A.C.A.H.   2021 Jan 2, 2:58pm  

G36 says
I wont create another post until we may hit 100k for Bitcoin or so.


Do you have a prediction for when that will be?
31   WookieMan   2021 Jan 2, 3:00pm  

Cash says
There has been plenty of insightful, creditable and legitimate info about crpto posted with supported links and all
the opposers do is give there own mostly unsupported and disrespectful opinions.

Or it's spam. This isn't a crypto/financial forum. At least not enough to the tune of 4 threads in a month pumping it. This is indisputable. It's mainly political and real estate. Crypto doesn't even crack the top 10 here. Tits are a bigger attraction. Humor. There are plenty of sites to pump and share dangerous investment advice. Patrick can ban me for all I care, I'm just speaking the truth.

If you want to talk crypto, you're going to hear the good, bad and ugly. Get over it. Logical and factual arguments agains crypto doesn't mean we're wrong. It means you just don't want to hear it. There are plenty of other echo chambers out there for you guys.
32   WookieMan   2021 Jan 2, 3:05pm  

B.A.C.A.H. says
G36 says
I wont create another post until we may hit 100k for Bitcoin or so.


Do you have a prediction for when that will be?

Can't wait to see if you get a legit answer. Onvacation has been asking questions almost daily, with no logical response. So good luck.
33   Bitcoin   2021 Jan 2, 3:09pm  

B.A.C.A.H. says
G36 says
I wont create another post until we may hit 100k for Bitcoin or so.


Do you have a prediction for when that will be?

I would say during the bull run (which we have entered) we could see easily 30%-40% corrections. Since this is now a bull market driven by institutional investors I dont think a 3x from here within this year is unrealistic. Who would have thought that Paypal gets big into the crypto game a year ago? Within this year I think 100k is easily doable.
34   B.A.C.A.H.   2021 Jan 2, 3:19pm  

G36 says
Retail investors are not in the market yet


And we won't be. The entry point is too high for us.

If we want a type of money that's an alternative to fiat, the entry points for gold and silver bullion are more attainable, like $2k or $25. But not $33K for a bitcoin. It's too late for us schmucks.
35   Bitcoin   2021 Jan 2, 3:24pm  

B.A.C.A.H. says
G36 says
Retail investors are not in the market yet


And we won't be. The entry point is too high for us.

If we want a type of money that's an alternative to fiat, the entry points for gold and silver bullion are more attainable, like $2k or $25. But not $33K for a bitcoin. It's too late for us schmucks.


@B.A.C.A.H.
You can purchase half, quarter or even less of a bitcoin (satoshis). You can purchase and own a piece of Bitcoin for even $10 or less.
Since many potential crypto investors think like you, they buy "Altcoins". For instance Ethereum, Litecoin, Cardano (ADA).
36   BoomAndBustCycle   2021 Jan 2, 3:28pm  

B.A.C.A.H. says
And we won't be. The entry point is too high for us.

If we want a type of money that's an alternative to fiat, the entry points for gold and silver bullion are more attainable, like $2k or $25. But not $33K for a bitcoin. It's too late for us schmucks.


You can use ROBINHOOD to buy 1/100th a Bitcoin. Just to have some exposure.
37   B.A.C.A.H.   2021 Jan 2, 3:33pm  

G36 says
You can purchase and own a piece of Bitcoin for even $10 or less.
Since many potential crypto investors think like you, they buy "Altcoins". For instance Ethereum, Litecoin, Cardano (ADA).


Which one do you recommend?
38   Bitcoin   2021 Jan 2, 3:53pm  

@B.A.C.A.H. It depends on what this purchase means to you.

1) If this is play money (gamble) I have something for you. You could sign up with Robinhood and put a few bucks into Dogecoin. That's a meme coin that Elon Musk keeps tweeting about. I threw some play money in it. Its trading at a penny currently. It was trending on Twitter today....see this as a popular penny-stock-like gamble coin.

I did great with Doge....but again, this isn't something I would put serious money into....see my portfolio percentage...



2) If this is a 6-12 month investment for you I would do the following strategy:
Get some exposure to Bitcoin and Ethereum (currently below 800 dollars).
There are other coins like Cardano that I personally have a significant stake in but in the US you can only buy this crypto on certain exchanges (http://binance.us/ , Kraken.com)
I would also get signed up with Coinbase.com and look into some of the coins there (Litecoin, Chainlink for instance).
39   B.A.C.A.H.   2021 Jan 2, 3:59pm  

G36 says
2) If this is a 6-12 month investment for you I would do the following strategy:
Get some exposure to Bitcoin and Ethereum (currently below 800 dollars).
There are other coins like Cardano that I personally have a significant stake in but in the US you can only buy this crypto on certain exchanges (http://binance.us/ , Kraken.com)
I would also get signed up with Coinbase.com and look into some of the coins there (Chainlink for instance).


Thank you for sharing, G36.

Gosh Wookieman, this is specific advice. Not some vague platitude.
40   WookieMan   2021 Jan 2, 4:36pm  

B.A.C.A.H. says
Gosh Wookieman, this is specific advice. Not some vague platitude.

He's giving you advice to buy. Has nothing to do with what it actually is you'd be investing in. Go for it if you want. I won't and can't stop stupid. I try, but this is why he's commenting here. Do it in enough places and you'll get 100 people throwing $1k at it. Understand you're the mark. Risk what you can.

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