Crypto thread

Expecting a big year for ATOM. 

I think it’s the 3rd best project behind ETH and DOT. Extremely undervalued and currently ranked at #24. 

ETH 

DOT 

ATOM 

CRU

TRAC 

PHA 

YLD 

“MicroStrategy has purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $31,808 per bitcoin. We now hold approximately 70,784 bitcoins.”

Bounce has been pretty good across the board. Would like to see a V towards 35.5k btc. 

Saylor and MicroStrategy are going to host a conference for “thousands of executives and directors” of corporations to include BTC easily into their balance sheet.

Here he is on CNBC earlier. 

https://twitter.com/apompliano/status/1352704743915876361?s=21

This guy is probably the best bitcoin trader I’ve found over the last 4 years. 

He thinks we’re going to dump back to $23k ish. 

Here is his chart. 

https://twitter.com/crypto_birb/status/1352701236492070913?s=21

He has the dump starting on the 24th from the $34k area. I’m not saying he’s going to get the call exactly right but it’s certainly worth taking note of. 

He is good. 

I’m always torn when hopping into USDT. 

I feel like if I just hold for another year my portfolio will be up another 10x. 

But I also want no part of a dump from here to $23k. 

Hopefully some alts pump tonight and tomorrow and make the decision to take some off the table easier. 

Then we have Biden talking about stimulating the living shit out of the market.

@I_Need_A_Detox

 I assume you are thinking of selling alt before BTC dropped?

Yeah just unloaded 20% for USDT. Will try to get about 40% total in USDT later tonight and tomorrow. The Asia sessions have been rough lately so wanted to get some off now. 

He’s a good enough trader that I’ve seen be right too many times to not take his call seriously.

It looks good so far — $34k and then start to dump Sunday. He has it playing out quickly — start recovering on the 26th.

I could use some time with risk off the table anyways. 

ETH and Alts look pretty bullish. Going to stay 20% USDT to have if we get a BTC dump. If not I’ll ape into something down the road. 

Publicly traded Marathon Patent Group taps NYDIG to make $150m bitcoin purchase as part of treasury reserve strategy

https://www.theblockcrypto.com/post/92378/nasdaq-marathon-patent-group-buys-bitcoin-btc-treasury-reserves

In a filing this morning with the SEC, Rothschild Investment Corporation, founded in 1908, reported owning 30,454 shares of GBTC.

In a previous filing in October, the firm owned 24,500 shares. 

https://www.sec.gov/edgar/search/#/q=bitcoin&dateRange=custom&entityName=Rothschild&startdt=2021-01-25&enddt=2021-01-25

Atom is now my biggest position. It’s the most undervalued project in crypto in my opinion. 

Looks like the ETH/BTC pair broke out and is now retesting 0.04. Hopefully this holds, ETH pumps vs BTC and we get some other alt pumps as well. 

Uniswap and KuCoin

Download coinbase decentralized wallet and use that for Uniswap  

GameStop is a wild story. 

Even Chamath and Elon got in on the party. 

Interesting to see the internet get together and blow out hedge funds in big shorts. 

GME is currently $220 after hours. It was $20 January 12th. 

Melvin Capital got a $2.75B bailout. 

Some people found out they had a massive short on GME. 

@I_Need_A_Detox

 Crazy. Looks like it’s happening with AMC as well.

A dude on reddit bought 50,000 GME 4/16/21 $12 call options (?) and turned $50,000 into $22,000,000. 

Here’s a decent thread 

https://twitter.com/williamlegate/status/1354166397874671616?s=21

Thanks going to be interesting to see what happens. I’m suprised FUBO is a highly shorted stock.

@I_Need_A_Detox

Can you give me a quick run down on staking? Thinking about DOT for this. I don’t need this money and more then willing to lock it up for some time. 

Just purchased DOT and locked it up for the 28 days. 

You get a better % if you lock it up. You can also just keep it in Pool X on KuCoin and receive a smaller % without locking it up.