Crypto thread

@I_Need_A_Detox

 Is that good or bad for crypto?

post 2602

If the Dow Jones ever dumped from 30k to 20k that would be bad for crypto short term. 

But I don’t think Yellen and Biden would allow it. They’ll just keep printing. But always need to keep your eye on the traditional markets. 

Elon on Clubhouse last night: 

"I am late to the party but I am a supporter of Bitcoin."

The thing with crypto that sucks is that when the herd comes in they have no idea what they’re doing. 

There’s a saying, “scams pump the hardest” for a reason. 

Doge and XRP are complete trash and they’ve been pumping lately. 

ATOM is the 3rd best project in the space and it rarely gets mentioned. Currently ranked #25. The most undervalued crypto in the space. 

I’m close to going all in. This is the same way I felt about Polkadot when it was $4 and then all of a sudden BOOM. 

All in ATOM 

Currently $8.12 

BTC price 0.00024000 

Technical Analysis vs BTC = strong. Fundamental Analysis with IBC|Stargate being released Feb 18th completing their roadmap = strong. 

Your not making this money without me. I’ll buy more today when I cash out of BOL. 

CNBC Article 

Elon Musk says he’s a supporter of bitcoin and thinks it will get ‘broad acceptance’ in finance

https://www.cnbc.com/2021/02/01/elon-musk-on-clubhouse-i-am-a-supporter-of-bitcoin.html

The old me would think that just because I went all in the coin must start performing immediately. 

The new me knows that the all in strategy will push my patience to the limit and is prepared to fight the mental battle. 

@I_Need_A_Detox

 What is your price prediction on Atom?

I think we are in a bull run throughout 2021 unless a black swan event screws it all up. (Stock market crash etc) 

ETH market cap is $152 billion 

DOT market cap is $14.5 billion 

ATOM market cap is $1.7 billion 

I believe the ATOM market cap will exceed $20 billion by 2022. Putting the price per ATOM over $85. 

Rough numbers 

BTC $100,000+ 3x

ETH $5,000+ 4x 

DOT $100+ 6x 

ATOM $85+ 10x 

This is what I believe and this is why I’m all in ATOM. 

I have been wrong a bunch of times. So definitely do your own research. 

@I_Need_A_Detox

 What are your thoughts on bitcoin cash?

I don’t like Bitcoin Cash. 

Roger Ver and a few whale miners tried to overtake Bitcoin and fork Bitcoin cash. It created a lot of worry at the time. 

They use bitcoin.com and other on ramps as if they’re the real bitcoin. Of course it could pump like Doge and XRP. 

I like Roger Ver but I think the Bitcoin Cash thing is very scammy overall. 

Bitcoin SV is even worse. Craig Wright and Calvin Ayre’s are total scum bags. 

Silver price up to 8 yr high earlier slightly above $30 and has dropped back a bit since but looks like wallstreetbets group is going continue to pump silver price so I think it will go up a lot more over next few days.  Good luck to all those that are on this silver ride up.

Detox, do you know anything about Aleph? (I'll hang up now).

I don’t know anything about Aleph but I just had a look at their website and the project looks pretty good tbh. 

Here’s a decent article about ATOM that gets into the tech a little 

https://cointelegraph.com/news/the-future-of-crypto-trading-will-be-omni-chain

Wow that’s crazy and ballsy, good luck hope it works outs for you.

What is the difference in Atomic Coin and Cosmos?  Which did you buy?

ATOM is the ticker symbol for Cosmos 

https://www.tradingview.com/chart/?symbol=KRAKEN%3AATOMXBT

On that Blockfolio website u gave Atom is also the ticker of Atomic coin, there are 2 Atom ticker symbols, other Atom is Cosmos.

MicroStrategy has purchased approximately 295 bitcoins for $10.0 million in cash, at an average price of ~ $33,808 per #bitcoin. We now #hodl ~ 71,079 bitcoins acquired for $1.145 billion at average price of ~ $16,109 per bitcoin.

Michael Saylor is putting on an event this week (?) called Bitcoins For Corporations. 

“I have never seen so many CEOs sign up to attend one of our events.  Send yours, or come join our sessions & report back to your team.  Every company can benefit from plugging into the #Bitcoin Monetary Network.” 

https://twitter.com/michael_saylor/status/1356301377455202305?s=21