patrick.net

Cash says

Rin says

it's time for bitcoin to either go big or go home.

Nope, just more sideways action

'Go big' here means a reset of the last high, not some 'all time' high.

Because the bears are calling for a breakdown to the $23K level which would negate the bullish channel in formation.

Rin says

Don't play on the trading thread. Move this to the hate mail vs fanboy one.

When the pooches shit in the yard they get what they get their faces rubbed in it... Yes they should go to their Misinformation
thread where their BS is welcomed. When I explain some simple concept about crypto I am sure no 1 wants the uneducated blind
misinformed BS from the other side.

Also Like I mentioned you invited this shit with the title to this thread.., I am neither hate mail vs fanboy one.

Ok, with that stated, here's my take on the blue chip world of 'real' product producing companies to the buy 'n hold persons here. Let's start with Proctor & Gamble. The stock is currently circa $150 vs $100 back in 3/19 when its dividend was some 3.5%.

Now, when a person re-invests those dividends, they're buying P&G shares at a markup, trending towards +50%, of only a few years back. If anything, when this market dives, that's a major cap gains loss as those final shares of the "blow off" top, were overpriced.

This is why I came up with the bitcoin trading strategy and that's because BTC is bullish and is trading within a channel of sorts.

That's a better way to utilize those P&G shares, which were already in one's portfolio since 2019, but using the re-occurring dividends to play the BTC trading channel.

Now, if that's too scary for you, stick to Altria, British-American Tobacco, and Rio Tinto.

Rin says

3/19

FYI, I'm holding onto my shares of P&G since 3/19. I don't feel the need to sell nor to increase my holdings. It's a fine company and will do well in the long term but I'm not buying more shares until the market corrects.

FJB says

Whelp I was wrong. It's still a hellava bear flag though. I'm hoping it drops to 20K so I can become a crab instead of a shrimp. I still think it will.

Also, I agree with some of the comments today. Lets keep this thread constructive for people who don't hate it. You don't have to love it either. We already have a bitcoin misinformation thread.

On that note, and not directed at anyone on Patnet, only the government, media and ... I can't think of any more major investors other than Buffet and his pal as the rest seem to all have changed their minds:

1. First they ignore you
2. Next they laugh at you
3. Then they fight you <- this was the infrastructure bill. Some critters were for, some against; until they realized 1/4 Americans own crypto now
4. Then you win! <- this was potato's exec order and Yellen coming out saying at first she didn't get it but now she does

Also: Blackrock is in now... Fuckers. I hate 'em but that's the thing about crypto. Both you and your enemies want to protect it.

Here is a good site to track any tokens you are interested in, make it a portfolio at the price you created the portfolio and
watch it keep track of P/L. https://coinmarketcap.com/?source=patrick.net you can use both phone and/or desktop.

I’ve been watching BTC and XRP since summer of 2018. I thought about buying some XRP when it dropped into the 30 cent range. But I did not, probably because it does not seem real to me, and therefore it’s not enjoyable. Cryptos are like VR goggles, and I have never had the interest in even putting on a VR headset let alone spending money on them. And more than that even, I just don’t trust electronics, so I’m not going to put my money in the virtual slot machine.

But if I had put a grand into BTC or XRP 3.5 years ago I’d now have close to 6 x my original investment. That would not change my life but would give me bragging rights! To me, that is why people talk about crypto’s so much, to brag about their winnings.

But what they don’t want to admit is that they are too chicken or too greedy to cash out. This casino is not going to pay everyone, and it maybe won’t even be open in 3-5 years. It’s foundations are not solid and it’s full of addicts and in fact if it were not for cryptos inflation would probably be much worse. Of all that money created out of thin air in the past 14 years some went to stocks, some went to real estate and a bunch went to cryptos. That 6x return I missed out on, is really just inflation coming home to roost. Cryptos might help you preserve your wealth a little longer. But when the casino closes, stocks, cryptos and even to a certain extent non agricultural real estate will all return to their true value. If they can’t be used as food, shelter, medicine, or entertainment, they will have no value after the great reset. So trade now, but don’t count on realizing any gains unless you plan to cash out before the inevitable crash.

PeopleUnited says

I just don’t trust electronics, so I’m not going to put my money in the virtual slot machine.

Your money is already in electronics. Go to the bitcoin is stupid thread please.

Dubai’s New Crypto Law Attracts Bybit And Crypto.com To Set Up Local Offices
https://www.forbes.com/sites/zinnialee/2022/03/29/dubais-new-crypto-law-attracts-bybit-and-cryptocom-to-set-up-local-offices/?sh=6a27f48b2d92&source=patrick.net
The new regulation is part of the United Arab Emirates’ drive to become a global crypto hub. It has already attracted the likes of the world’s largest crypto exchange Binance, which won a license in mid-March to operate its regional business from Dubai. The European affiliate of crypto trading platform FTX has also announced that its regional office will be there.

FJB says

Your money is already in electronics. Go to the bitcoin is stupid thread please.

That whole post belongs there and shows massive amounts of ignorance and judgement that is beyond ______
Fill in the blank as you wish

There are a few here that don't have a clue how bad they look speaking about an asset they prove they really know nothing about to those who know exactly what they own...

ISO20022 - UTILITY WW
RIPPLE > $XRP
STELLAR > $XLM
XINFIN > $XDC
ALGORAND > $ALGO
IOTA > $IOTA

FJB says

Whelp I was wrong. It's still a hellava bear flag though. I'm hoping it drops to 20K so I can become a crab instead of a shrimp. I still think it will.

Well, you've got the next Fibonacci level, $48K-$49K to retest.

If that holds or breaks through, in terms of a weekly candlestick price bar close (not daily), then the bearish flag is completely annulled.

Any who think institutions are not into this space just look at the size of those big red-green dildos
I like bitcoin although I don't own any myself and imo is likely to stay as some sort of safe harbor being people can be there own bank as it were
and my next speculative tgts are 89k+/- then 104k+/- but not before the USD (DXY) rolls over which BTW hit a 2x bottom and now will be
a 3x if it survives 97.7. The be "your own bank" only applies if you hold your own keys and don't let the banks hold custody for you of any token
what ever they are offering.



As time goes on we should be able to see what if any correlation remain or decoupling takes effect fiat, crpto, commodities, and equities...
Not sure how that will end up but definitely taking note and will respond accordingly.

Cash says

next speculative tgts are 89k+/- then 104k+/-

My first take profit is selling 2/3 at $65K and then letting the rest run up to $85K+.

Rin says

My first take profit is selling 2/3 at $65K and then letting the rest run up to $85K+.

Good plan brother that's right near the top R/line of that big flag pattern wky just keep in mind the odds if/when that line is hit 3x is a charm and it will be high probability it fly's to 89k after a bit of stall... I'm holding about 40+diff stacks of coins and for the most part all bought in 2021 at various time, so due to taxes my plan is I will hold for at least 1yr if at all possible unless profits get to tasty. I sold most everything near crypto highs in 2020 and re-bought in 2021.

There will likely be 3 bullish patterns to consider W, bull flag and a C&H

Pack your bags, time is running out. You can't live with yourself if miss this once in a lifetime opportunity. $link
pic.twitter.com/jInMSDSFn9— Dr. Väinämöinen (@DrVainamoinen) March 30, 2022

Hundreds of TRILLIONS of dollars Money Money Money MONEY!!!

34 Questions You Should Ask Yourself Before Buying Into Any Cryptocurrency.
The crypto markets are a wild place, and often investors make the mistake of blindly buying into an asset without doing proper research beforehand.
https://cryptowhale.medium.com/34-questions-you-should-ask-yourself-before-buying-cryptocurrencies-71904b351911?source=patrick.net

The subgraph for @ethsign is live on The Graph’s decentralized network ✍️

EthSign is a dapp for signing electronic agreements, built on Ethereum. Removing the need to trust proprietary software providers to sign documents, EthSign keeps agreements secure using the blockchain. pic.twitter.com/7j6D0u8w6g— The Graph (@graphprotocol) March 31, 2022

Money Money Money MONEY!!!

Cash says

Rin says

My first take profit is selling 2/3 at $65K and then letting the rest run up to $85K+.

Good plan brother that's right near the top R/line of that big flag pattern wky just keep in mind the odds if/when that line is hit 3x is a charm and it will be high probability it fly's to 89k after a bit of stall... I'm holding about 40+diff stacks of coins and for the most part all bought in 2021 at various time, so due to taxes my plan is I will hold for at least 1yr if at all possible unless profits get to tasty. I sold most everything near crypto highs in 2020 and re-bought in 2021.

Realize, I'm trading my dividend stream from the non-tobacco stocks, like Proctor & Gamble, because I feel that the classic DRIP (Dividend Reinvestment) isn't going to work for the overpriced blue chips, until the next market crash.

And thus, my trading strategy is basically aligning the cap gains on the XBTF to bolster the earnings of the P&G plus friends earnings instead of getting caught in buying their equities during a market high.

Rin says

Realize, I'm trading my dividend stream from the non-tobacco stocks, like Proctor & Gamble, because I feel that the classic DRIP (Dividend Reinvestment) isn't going to work for the overpriced blue chips, until the next market crash.

And thus, my trading strategy is basically aligning the cap gains on the XBTF to bolster the earnings of the P&G plus friends earnings instead of getting caught in buying their equities during a market high.

Spot on, good strategy in this steam of time. Most here probably aren't setup like your portfolio is, or even could execute your moves w/o some kind of help.

Santander announces instant payments for companies in Europe and Brazil
https://thepaypers.com/online-payments/santander-announces-instant-payments-for-companies-in-europe-and-brazil--1255472?source=patrick.net

FJB says

Your money is already in electronics.

This is silly. There is a huge difference between accessing your assets through a computer gateway, and storing your assets on a computer or digital wallet.

Rin says

And thus, my trading strategy is basically aligning the cap gains on the XBTF to bolster the earnings of the P&G plus friends earnings instead of getting caught in buying their equities during a market high.

This actually makes sense to me, essentially you are trading BTC just like some people do SLV or GLD ETF’s. So you don’t have to worry about storing or securing your coins.

Cash says

That whole post belongs there and shows massive amounts of ignorance and judgement that is beyond ______
Fill in the blank as you wish

Talk to me in 20 years so we can decide who is ignorant or exercised bad judgment. Until then enjoy your speculation but don’t neglect to cash out before the casino closes.

Bitcoin And Crypto Now Braced For A $10 Trillion Earthquake As Ethereum, BNB, XRP, Solana And Cardano Soar
https://www.forbes.com/sites/billybambrough/2022/03/27/bitcoin-and-crypto-now-braced-for-a-10-trillion-earthquake-as-ethereum-bnb-xrp-solana-and-cardano-soar/?sh=5b7991ac4545&source=patrick.net

In March, a Credit Suisse analyst said the Russian war in Ukrainian will create a new world financial order that could boost the price of bitcoin and other cryptocurrencies.

"We are witnessing the birth of Bretton Woods III—a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West," Zoltan Pozsar, global head of short-term interest rate strategy at the giant investment bank, wrote in a report.

Money Money Money MONEY!!!

PeopleUnited says

Talk to me in 20 years so we can decide who is ignorant or exercised bad judgment.

20yrs. lmao

ECASH - The US Civil Currency War - The Fed v. US Treasury v. The Banks
https://www.youtube.com/watch?v=1T4LpurZU6Y&t=156s&source=patrick.net

Rin says

Well, you've got the next Fibonacci level, $48K-$49K to retest.

If that holds or breaks through, in terms of a weekly candlestick price bar close (not daily), then the bearish flag is completely annulled.

Bumped it's head on the 200 moving day average. Lets see if it bounces off of that triangle then moves higher.

FJB says

Bumped it's head on the 200 moving day average. Lets see if it bounces off of that triangle then moves higher.

The DXY is still in range an so I am not really looking for BTC to pop but rather hoping crypto stays in range and weakens a bit, looking to add more various coins to my stacks at some discount.

Watch the USD high impact news indicators tomorrow right off the bat and watch the reaction.
https://www.forexfactory.com/calendar?day=apr1.2022&source=patrick.net

Cash says

In March, a Credit Suisse analyst said the Russian war in Ukrainian will create a new world financial order that could boost the price of bitcoin and other cryptocurrencies.

"We are witnessing the birth of Bretton Woods III—a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West," Zoltan Pozsar, global head of short-term interest rate strategy at the giant investment bank, wrote in a report.

Without actually being too specific about the prognostication of cryptos, the market structure may change to make this happen.

Realize what happened back in the 80s and 90s, when a lot of Hong Kong businessmen & family members were moving to Canada, buying up real estate as well as equities. The idea was that when PRC took back HK from the British, that their money would be safe from confiscation in the Great White North. Well ... just recently, Trudeau proved that to be a fallacy. And now, for the rest of the west, for Russian nationals without dual citizenship (possibly renouncing the *SSR one) in a western nation.

That's a setup for the loss of confidence in western financial institutions and due process of the law. I mean seriously, is the average Russian a golf buddy of Putin? And thus, some hybridized system using crypto behind walls of application code, may be a way to maneuver w/o arbitrary political moves to seize ones assets.

The main export of the USA is USDs, the world is flooded with them.
Rin says

That's a setup for the loss of confidence in western financial institutions and due process of the law.

I would like to see a vote of who here has confidence in either western financial institutions and due process of the law . The Eastern part of the world has been setting things up to cut the USD ropes around their necks for a while, particularly since 2014... Just wait till all these nations that really hate the 2 faces of the US start exiting and selling off USDs not wanting to be the last 1 holding. As I see it the pot has boiled over and once Putin proves he isn't fkg around we will soon have a cyber attack here in the US that has already been rehearsed and practiced as it were sponsored by Israel with 9 or 10 other nations participating not long ago. And anyone who believes it is Russia doing the attacking is easily misled and red flagged as the WEF has been warning of 1 so fairly certain they won't need Putins help and it's already in the mix of whats to come..Just like they warned of a pandemic. (PLANdemic)

Russian banks are planning a switch to China's card payment system after Mastercard and Visa halted operations, reports say
https://www.businessinsider.com/russian-banks-are-rushing-switch-over-chinese-card-system-2022-3?source=patrick.net

All You Need to Know About Mobile China Payment Systems
https://tenbagroup.com/all-you-need-to-know-about-mobile-china-payment-systems/?source=patrick.net

This is all above my pay grade so these are just some of what I see as possibilities, nothing more.

Bank are ALL broke!
https://twitter.com/i/status/1509335695294410758?source=patrick.net

A new world financial order will be negotiated, West will no longer have a veto: Moscow
https://insiderpaper.com/a-new-world-financial-order-will-be-negotiated-west-will-no-longer-have-a-veto-moscow/?source=patrick.net
“It is impossible to trust those who freeze the accounts of other states; steal other people’s business, assets and personal possessions, compromising the principles of sanctity of private property,”

Cash says

I would like to see a vote of who here has confidence in either western financial institutions and due process of the law .

This is exactly what the gold bugs have been saying for years. So really all you are adding to this thread is fanboy brouhaha. But to your point, I do believe western governments will outlive XRP and develop digital currencies that they can control. They will simply ban, or label as terrorists anyone who stands in their way. Just look at what Trudeau is doing in Canada. It’s not about money, it is about control. And if cryptos begin to threaten their control, they will eliminate them. That is the main reason not to HODL, when the time is right the globalists will bury cryptos and/or the people who use them.

The DHS quote claims that XRP is not controlled by governments or institutions, if that is true they will move to eliminate it. If it is not true (a possibility I find more plausible) then they control it but want you to believe they don’t. Machiavellian and brilliant plan isn’t it?

Rin says

And thus, some hybridized system using crypto behind walls of application code, may be a way to maneuver w/o arbitrary political moves to seize ones assets.

Yes John Murdoch or Neo is coming to free cryptos from the dark city matrix that is holding all captive. Or maybe what you are saying without directly saying it is that cryptos are in fact vulnerable to governments or other institutions who can (unless we hide them behind walls of magical imaginary application code) prevent investors from retrieving their crypto assets at will.