Crypto thread

“Citibank Executive Says Bitcoin Could Pass $300K by December 2021”

https://www.coindesk.com/citibank-bitcoin-gold-318k-2021

On Friday, Skybridge Capital filed an amendment with the SEC, allowing their $3.6 billion fund to start investing in Bitcoin.

LTC +13% 

Could Litecoin be leading the way for high caps? 

Could ETH/ADA/DOT get a decent pump this week as well?  

Sentiment around altcoins is currently low. We’re at the point where people say “these altcoins are stupid, I should just invest in bitcoin”. 

2 months from now people will be saying “altcoins go up so much and bitcoin barely moves, why would anyone invest in bitcoin”. 

Billionaires and banks are the new noobs 

BUY ALTCOINS RIGHT NOW

WORST CASE SCENARIO THEY GO DOWN 20% BEFORE GOING UP 500%

HERE ARE A FEW SUGGESTIONS 

DOT $4.50

ADA $0.10 

ATOM $5.10 

OCEAN $0.54 

LUNA $0.30 

UTK $0.13 

AVAX $3.65 

COTI $0.036 

TOMO $0.60 

POLS $0.23 

Binance CEO: 

“ATH system load, coping so far. Helpdesk backed up a bit. Your understanding and support is greatly appreciated.” 

DETOX 

Towards the end of 2016 BTC went from $550 to $1250 breaking through the previous ATH 

During this time period ETH lagged BTC but eventually ETH went from $7.50 to $50 

Leather pants for everyone 

Ray Dalio says he "might be missing something about Bitcoin"

https://www.bloomberg.com/news/articles/2020-11-17/ray-dalio-says-he-might-be-missing-something-about-bitcoin

One thing that will be interesting to watch is how governments react to BTC during this run. It’s current market cap is $318.12 billion. 

It could get over $1 trillion in 2021. 

Will governments outlaw it and make it too dangerous to use as Dalio thinks? 

YFI always surprises me with how much it pumps 

Billionaire Salinas Has 10% of ‘Liquid Portfolio’ in Bitcoin

https://www.bloomberg.com/news/articles/2020-11-18/billionaire-salinas-has-10-of-liquid-portfolio-in-bitcoin

Looks like YFI is here to stay 

This is quite funny to watch.

You see the interviewer's brain give a "does not compute" when he says that in 4 years there might be another 0 on Bitcoin's price.

https://twitter.com/bloombergtv/status/1329490009506902016?s=21

BlackRock CIO of Fixed Income Rick Rieder talking about Bitcoin replacing gold on CNBC this morning.

https://twitter.com/squawkcnbc/status/1329771252005924866?s=21

Bitcoin Could Hit $500,000, According to ARK Invest's Catherine Wood

https://www.barrons.com/articles/bitcoin-could-hit-500-000-according-to-ark-invests-catherine-wood-51605906264

Taking 30% off of each position and putting it into Tether. I’d be surprised if we broke through ATH on the first attempt. 

Putting the money I took out into OCEAN. Looks like a cup and handle on the chart, hoping for a pump to $0.80.

ETH flying means mid/low cap alts should really fly soon. 

Alternative snake oils go up 

Sold TOMO and ADA 

Currently in DOT, ATOM, OCEAN, POLS, LUNA 

POLS is launching their DEX on ETH before the end of the year and switching it over to DOT in Q1 2021. I’m hoping for a few of the bigger exchanges to list it. If that happens it will moon. 

Currently $0.31 with an $8.3 million market cap 

2021 is going to be Polkadot’s year. Can see it coming from a mile away. Currently at $5.71, up from $4.50 a week ago. 

The bull market is going to be in full force and they’re going to be releasing projects and partnerships frequently. 

ETH was $7.50 in 2016 and by the end of the bull run it reached $1400.00. I wouldn’t be surprised if DOT did something like $4 —> $100.