Don't trust anything coming from anyone online. All 'Joe007' out there are pretenders, and all their paid/support groups, signals, funds and tokens are all scam
I bought my first BTC in June 2011. P2P deal via IRC, paid by Paypal. Bitcoin was going through a crash, $16 seemed like a great entry price after 50% correction. Of course, BTC then fell another 88%, to ~$2 by the year-end. Everyone thought it's dead now, so I bought more.
One day BTC will go up strongly, decisively, on high/growing volume. It will cut through the most fearsome resistance lines like knife through butter, surprising all experts… and just continue to grow without retrace.
I kinda doubt today will be the day.
Yay, retail is in, attracted by the news of inevitable Bitcoin ATH. Oh, look, they are fiercely buying shitcoins instead of BTC - the shittier, the better!
Nooo, of course it's not priced in. On the very day of The Great Halvening, everybody will finally realize how underpriced BTC is, and they will all rush to buy it. In droves. With their unemployment checks.
Just fuckin buy BTC when it's way down and everyone and their dog barks about how it's going to zero soon, and sell it when it's way up and a boomer neighbor asks you for tips how to get into "the next bit coin". Duh. (87/87)
So tell me once again. What exactly prevented all these "institutional" from buying BTC when it was stuck below 10K for a long long time? And why should they all suddenly stampede into it now that it's 3x more expensive?
The time has come to disclose a little known yet simple and effective investment strategy that allows anyone to become a whale within reasonable timeframe.
Naturally, the strategy is a bit tricky to implement correctly, so be prepared to sit through a long thread (1/87)
👇👇👇
It's not true that most successful traders are completely resistant to FOMO. Quite often, market rewards handsomely those that start feeling both FOMO and panic a little bit earlier than others.
Holding a big chunk of your net worth in Bitcoin since early days meant losing 85-95% of your wealth (almost bankruptcy) FOUR TIMES within a decade. To any moron opining how it was just a piece of cake and we were "incredibly lucky", I suggest surviving just one bankruptcy first.
Bitcoin market is a relentless tug of war between actors who want to use Bitcoin to accumulate fiat profits and actors who want to use fiat (or fiat-substitutes) to accumulate more BTC.
If I blocked you on Twitter, don't take it personally. It just means I find you an annoying idiot who is wasting my time with stupid/stale arguments or non-funny trolling. And I don't have all the time in world to educate idiots, sorry.
PS. Or you're XRP shill which is the worst
@TylerDurden
"Ethereum staking" is a marketing ploy to suck greedy ETHtard plebs into useless "2.0" and trap their ETH there forever while insiders, whales and Eth Foundation gang unload premine riches of ETH 1.0 without retail competition. Wicked clever, just like other ETH scams.
If YOU aren't ready to buy at ATH, why would you expect institutions to do it? Come on, show some conviction, lead by example. Maybe others will follow.
Don't worry about me, I'll be doing more than alright if the price doubles and reaches new ATH tomorrow. The question to ask yourself, will you be doing alright if the price halves?
An interesting paper that sheds light on long-term economic impact of major historic pandemics. TLDR: economic reality we all lived in prior to 2020 likely ended, get ready for tough 20 years going forward.
It's a good thing we all kept our wits about ourselves, didn't fall prey to stupid rah-rah FOMO, didn't go all in on leverage! I'm so relieved we all kept our powder dry and maintained a sizable fiat reserve to buy into the inevitable 20-30% correction. Right, guys?
I'm all in for a good old BTC parabolic but I'd like to cash out in the end. But it's not possible if the price is pumped up by overleveraged players in the face of low liquidity and weak fiat inflow. That's why I think this attempt to reignite retail FOMO is irresponsible.
@snorth86293881
You can push the price only so long with fantom money. At some point, people would want to cash out their mad gainz only to find no one on the other side of the market. That would be the show.
Dear noobs: instead of wondering why <YourFavShitcoin> just went down 30% you should be asking yourself why the fuck did it go up 10000% to begin with.
Crypto trading is easy, there are just two things that are kinda hard: waiting (without acting) for the right moment to arrive and acting (without waiting) when it did arrive.
"To be successful in the markets is more difficult than getting a gold medal in the Olympics. You wouldn't think about competing in the Olympics but everybody thinks they can compete in the markets" -
@RayDalio
I like the guy telling it like it is, LOL
One problem with S2F model is that it's divergent, predicting ridiculous price of $1 trillion BTC by 2050 and infinity after 2140. An alternative FSM model is convergent and more realistic. But if you expect $1M BTC any time soon you may be disappointed.
Altcoin aficionados who dismiss Bitcoin as "old tech" don't have a clue about permissionless progress happening in layers on top of Bitcoin. Such as RGB that allows everything Ethereum tokens can do, and then some - in a fully private and scalable way.
If you do everything your favorite crypto guru is telling you to do, you're helping to achieve HIS goals, not YOURS. Don't listen to them. Don't listen to me. Think for yourself, and put your own interests first. That's your first step on a way to freedom.
Personally, I'm ready to endure couple more years of "crypto winter", if only it helps to extinguish for good the silly notion that you could "invest" in shitcoins and expect non-negative results. What about you?
April was... interesting. +5.5M realized, -12.5M unrealized. Let's call it a red month. Everyone has one from time to time, but it's important to make sure they don't become rule rather than exception.
I rarely discuss price but the sentiment is currently bordering on ridiculous. So let me say it straight. There is no rational thesis for sub-20K BTC at this point. Fear/fomo ratio got out of whack on the expectations of another FTX-level black swan (unlikely). Act rationally.
You shitcoin idiots are hilarious. Without parasitic shitcoins dead weight and all the confusion their peddlers generate, Bitcoin would have much easier path to world dominance. For all we know, it could be becoming global reserve currency already.
Because without non-political, non-confiscatable, self-sovereign, censorship-resistant, universally accessible hard money there is no hope for liberty and future of the humankind.
I said it many times: not selling any subscriptions, not running any signal groups, not giving any investment advice, paid or otherwise. Especially not chatting with noobs in any support channel. If you are an idiot paying some scammer that pretends to be me, that's 100% on you.
At 6.8k, it really seemed like no one cared for these coins. At 10200, everyone and his dog wants to buy one. Mr. Market is indeed a funny partner to work with.
@100trillionUSD
@Joe007
@bitcoinist
It's all right to troll me but please get your facts straight - I don't do interviews and have nothing to do with this
@bitcoinist
piece. Re talking your book - don't we all? Sure your being all-in BTC has nothing to do with your relentless S2F(x) promotion, eh? ;)
Looks like exactly zero organic demand for $LINK from real traders on Bitfinex. Zero orders, zero trades, zero interest. Where are the Link Marines to fake demand and pretend that their (
#5
marketcap crypto, mind you) shitcoin matters?!
Chainlink (LINK) deposits are now open on Bitfinex.
Trading and withdrawals in LINK will commence on 21/08/20 at 09:00 AM UTC.
Discover more about
@Chainlink
⬇️
Just a crazy thought but... by selling your BTC above 55k and rebuying it below 40k you could gain more than the total value of your BTC holdings a couple of months ago.
Nah, told you it's a crazy thought who the hell would be that stupid. Laser eyes!
@FLOBY94
"Crypto" is a term of art describing massive wealth transfer from idiots thinking they missed Bitcoin to shameless scammers selling false promise of "next Bitcoin". Nothing more, nothing less.
The amount of spot BTC available for sale sitting in the books is extra thin and all the paper hands and tradfi tourists coins are shaken down into our vaults. There is nothing to stop us now. Take no prisoners.
It's funny to watch how greedy idiots who didn't want to buy your 2 BTC for 10K less than a year ago, are now tripping over each other to buy them for close to 100K.
@MattWallace888
BTC & ETH are pursuing a multilayer transaction system, but base layer transaction rate is slow & transaction cost is high.
There is merit imo to Doge maximizing base layer transaction rate & minimizing transaction cost with exchanges acting as the de facto secondary layer.
How to nft properly:
- Create shitload of goofy jpegs
- "Trade" between your anon wallets increasing prices
- PR buzz to attract greedy idiots
- The idiots want in on this wonderful "rally"
- Sell the idiots all the NFTs their stupid money can buy
- Stop faking "demand"
- PROFIT!
We'll probably run into some resistance around previous ATH. Unless... Bitcoin's previous cycle was fucked up by all the shitcoin scams sucking out its monetization, preventing BTC price from reaching its full potential. Then the previous ATH is a pretty irrelevant number.
One day BTC will crash spectacularly on growing volume. Wiping margin positions one leverage level after another, hitting stops and cascading into collateral liquidation wave. Killing BTFD crowd and making all previous resistances irrelevant.
I kinda doubt today will be the day.
One day BTC will go up strongly, decisively, on high/growing volume. It will cut through the most fearsome resistance lines like knife through butter, surprising all experts… and just continue to grow without retrace.
I kinda doubt today will be the day.
What if I told you sustainable Bitcoin rally can't commence until people stop paying attention to
@CoinDesk
, their idiotic
#CoinDesk20
, shitcoinery in general, and focus on what really matters - building Bitcoin-based global financial infrastructure?
Fact: Bitcoin SV is a double fork: a fork of the bitcoin cash protocol, which in turn was a bitcoin fork. Supporters believe its cheaper fees align closer to Satoshi Nakamoto’s vision.
BSV is in the
#CoinDesk20
assets moving markets. What’s in your 20?
There are thousands CT "influencers" that shill millions of cryptoscam projects to unsuspecting public. People who have little clue that the only reason for these "projects" to exist is to part them with their money. If my tweets help some people avoid cryptoscams, I'll be happy.
@J0E007
What's your purpose? Here, on Twitter I mean. Shitting all and everything around? Calling people idiots, calling each project a scam? Will you tell your kids how poisonous and sarcastic you've been today? Well done. A true influencer.
#canceljoe