Crypto thread

You have to be an accredited investor to get involved-

https://grayscale.co/startinvesting/

Thanks 

Don’t get shaken out by these dumps 

The year following the halving has always been the bull year in crypto. 

In 2017, ETH went from $7 to $1400. XRP went from $0.006 to $3.00. Litecoin went from $4 to $300. ADA went from $0.02 to $1.20. Monero went from $10 to $400. Dash went from $12 to $1400. Lisk went from $0.15 to $30. Nano went from $0.10 to $30. 

This is what we’re waiting for. 

Michael Saylor: 

“MicroStrategy has purchased an additional 29,646 bitcoins for $650 million at an average price of $21,925 per #bitcoin and now #hodl an aggregate of 70,470 bitcoins purchased for $1.125 billion at an average price of $15,964 per bitcoin.” 

https://www.microstrategy.com/en/company/company-videos/microstrategy-announces-over-1b-in-total-bitcoin-purchases-in-2020

Wall, 

This guy analyzes btc the same way you do. 

“Law of dynamics. Price dropped with huge velocity, same way as it was up. It's called short squeeze. Limit orders filled (bids-buys in this case). Price will rise automatically. Liquidity search. Is it done dropping downside? Idk. Data will tell soon. Watch NY open now.” 

https://twitter.com/workedia/status/1341024498087206912?s=21

You see this chart? After the 3rd red dot we start thinking about selling. It will be towards the end of 2021. 

https://twitter.com/100trillionusd/status/1341080842718896135?s=21

In 2017, it was retail noobs shilling to each other who FOMOed.

Since March 2020, institutions and whales outside of CT realize bitcoin‘s potential and the need to preserve their wealth.

Trillions of USD are about to flow into bitcoin and the market as a whole, so be prepared. Positions will go a lot higher than you think possible. 

US National Debt 

$27,518,000,000,000 

Debt Per Citizen 

$83,177 

Debt Per Taxpayer 

$220,130 

US Federal Spending (actual) 

$7,816,000,000,000 

US Federal Budget Deficit 

$4,340,000,000,000 

US Federal Debt To GDP Ratio 

1960: 52% 

1980: 34% 

2000: 55% 

Now: 129% 

Buy Bitcoin 

Over the course of 2020 the number of bitcoin daily active addresses doubled, and addresses holding at least 0.01 BTC grew by over 700k. 

While adoption grew, BTC veterans continued to hold strong.

Read more in the SOTN 2020 Year In Review:

https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-3d3

SEC charges Ripple and two executives with conducting $1.3 billion unregistered securities offering

https://www.sec.gov/news/press-release/2020-338

SCOOP: Galaxy Digital and Jump Trading are halting market making in XRP. 

https://www.theblockcrypto.com/linked/89083/jump-trading-galaxy-xrp-market-making

The U.S. Securities and Exchange Commission has sued a 23-year-old Australian hedge fund founder in Manhattan federal court for allegedly defrauding investors in his $92.4 million cryptocurrency arbitrage fund.

https://www.reuters.com/article/securities-crypto-virgilcapital-idUSL1N2J324R

Things aren’t looking too good for alts at the moment. XRP down 45% in the last 24h. 

Ashton Kutcher shilling Ripple on Ellen (cringe) 

https://twitter.com/thecryptodog/status/1341819777866559488?s=21

Good thread on XRP 

https://twitter.com/dkcrypto13/status/1341701482534625281?s=21

Capitulation on alts. Step on up and buy the dip. 

BTC $25,800 

Less than 4x away from $100,000 

MicroStrategy purchased 70,470 bitcoins at an average price of $15,964 for $1.125 billion. 

70,470 bitcoins are currently worth $1.89 billion.

Son to his banker father: Look at this bitcoin chart!

Father: Want to hear my opinion on bitcoin?

Son: Sure

Father: It's worthless

Son: I know, but let's hear it anyway

BTC $26,800 

ETH $705 

Some people think this is the top of the run. In reality it’s just the beginning. By the end of 2021 BTC will be $100k+ and ETH will be $4k+. 

All in on 3 projects at the moment 

Polkadot 

Luna 

Rose

My life is basically on hold until the end of 2021. I have invested my life savings. 

Luckily my girl put in $20k a while ago and it’s now $50k so she’s on board. She has mostly bitcoin and Ethereum and now tells me I need to sell my shitcoins. 

Hoping for a great year. Hope you guys are ready.   

I am loading up on Bitcoin and Ethereum. Any winnings I withdraw are staying in those. Whichever is lower that day, that’s what I request. If your projection is correct of 4x by 2021, I will be in a position to make some major moves. 

You can look at a crypto in USD or vs bitcoin. Everything has been getting slaughtered vs bitcoin over the last few months while bitcoin has been on its run. 

Finally the ETH/BTC chart is looking good. Looks like we have an inverse head and shoulders. 

ETH doing well vs BTC is usually an indicator that most alts will start doing well vs BTC. 

https://twitter.com/edwardmorra_btc/status/1343517044722032641?s=21

alldub, you can’t go wrong with btc and eth