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Leon Fu Profile
Leon Fu

@leoncfu

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CTO @ & Co-Creator of the TaiFu™ 30 Cryptocurrency Market Index at . Not financial advice.

Hong Kong
Joined November 2010
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@leoncfu
Leon Fu
7 years
1/The question we keep getting asked is should we buy or sell X coin. What they’re really asking is if it will go up or down. We don’t know. Nobody knows. And we don’t need to know.
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@leoncfu
Leon Fu
7 years
Litecoin was created by changing Bitcoin’s hash algo from SHA256 to Scrypt. That took Charlie Lee an hour. LCC changes it back to SHA256 and that’s worth $6B. Only in crypto. 😂
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@leoncfu
Leon Fu
3 years
I invested in Ethereum ICO in 2014, and there was no smart contracts, DeFi, etc. either. There was not even a functioning blockchain and there would be not one for a year later. All we got was a text file of our private keys and a promise. If Cardano’s a scam, so is Ethereum.
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@leoncfu
Leon Fu
3 years
The rally in XRP tells us the SEC’s case is falling apart. If the govt can’t even take down Ripple, the odds of Bitcoin, ETH being banned are just about zero, IMO.
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@leoncfu
Leon Fu
4 years
The last bull market made us lifetime wealth (Moon lambo 🏎). The next bull market is about generational wealth for those that come after us (children, grandchildren, charity, etc.). 🚀
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@leoncfu
Leon Fu
7 years
People want money that is a) independent of their country, govt, or corporation, like gold, b) anonymous and censorship resistant, like cash, and c) can move across the world like a bank wire and PayPal. Crypto does all 3 and will take over the world’s money.
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@leoncfu
Leon Fu
1 year
I don't want to FUD, but banks are collapsing in the US because they bought long duration US treasuries that collapsed in value last year. 71% of USDT reserve are in US Treasuries according to them. Are they sitting on unrealized loses like these banks?
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@leoncfu
Leon Fu
7 years
One of the first thing I have to explain now to friends and family who are getting into crypto is why there's a $20+ fee for a Bitcoin transaction. I'm going to start saying just buy Ethereum. It's a waste of my time to explain all the drama.
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@leoncfu
Leon Fu
7 years
DOGE hits 1 cent. Who needs tech? Who even needs devs? 😂 GitHub repo hasn’t had a commit in 2 years and still reached $1.1B market cap, top 35 coin...
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@leoncfu
Leon Fu
7 years
If Bitcoin Cash is just another alt coin, it's doing something no other alt has done: take down the entire crypto market including Bitcoin. We've only seen Bitcoin Core do this before.
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@leoncfu
Leon Fu
7 years
I believe the BTCP fork would exceed the value of ZCash, esp with enough exchange and wallet support. It will have all the tech of ZCash plus the user base of Bitcoin.
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@leoncfu
Leon Fu
4 years
Remember in crypto, we have months and years to buy near the bottom. But we only have hours and days to sell the top.
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@leoncfu
Leon Fu
3 years
Making money in crypto is easy. DON’T LOSE YOUR COINS! It’s really that simple. Don’t get hacked. Don’t leave your coins on exchanges. Don’t forget or lose your passwords/seed. Don’t lose your computer. Don’t use leverage and get margin called. Don’t panic sell during crashes.
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@leoncfu
Leon Fu
5 years
I believe alt season will return because the primary purpose of Bitcoin is...to trade alt coins. Can anyone tell me any current use case of BTC that comes anywhere near the daily trading volume of alts/BTC? If SOV follows utility, that is the leading utility of BTC.
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@leoncfu
Leon Fu
6 years
The high on BTC was $20K, let’s call the low $3200. That’s an 84% decline. Look at the statistics: Since 2010, what happens after 1, 3, 6, and 12 months after Bitcoin fell 84% from its all time high? If you’re ever going to buy, historically it seems now would be the time.
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@leoncfu
Leon Fu
7 years
Wow! Just paid $7+ BTC transaction fee. No wonder everyone's dumping their BTC for BCH.
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@leoncfu
Leon Fu
6 years
I still believe the bottom is now behind us, back in mid December. This will be a great year to buy the dips and accumulate like 2015 was. The big money will be made in 2020-2021, IMO.
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@leoncfu
Leon Fu
7 years
Notice how nobody is asking how to buy Bitcoins now. They should be...
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@leoncfu
Leon Fu
2 years
We are starting to DCA'ing back into the markets. The time is now! 🚀 Even though, I think there's a good probability we have another leg down toward's <$13K, I am not certain. Just like we were wrong about $100K BTC and $10K ETH, I could be wrong on the downside as well.
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@leoncfu
Leon Fu
3 years
It should be obvious, ADA is now my largest position…by 50% over ETH, BTC is 3rd, which started the year at ~45% of my portfolio, is now down to 20%. The BTC maxi’s who say alts don’t improve overall portfolio performance can’t do math.
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@leoncfu
Leon Fu
7 years
Value doesn't come from tech. It comes from people. Nothing has value till a human being gives it value. It's why we emphasize community.
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@leoncfu
Leon Fu
3 years
Talk of how there won’t be another 80%+ multi year bear market is nonsense. We’re coming out of a 55%+ ($62K—><$30K) drawdown in a BULL market. If we can correct >50% in a bull market, it tells me 85%+ declines will still happen when the bear market arrives.
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@leoncfu
Leon Fu
5 years
I would be buying the dips. Down 5-10% on all the big cap alts. Pick your favorite. I would still be buying the big caps, but mid caps are ok too. Cryptos on sale. 🚀
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@leoncfu
Leon Fu
4 years
After the rally in ETH and alt coins, my BTC allocation has dropped from 45% to below 40%. Bitcoin has done its job. It's time for the alts 🚀. All BTC has to do is not tank. ETH and the alts will lead the charge that puts us over $1T+ for good.
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@leoncfu
Leon Fu
7 years
Bitcoin could crash 90% from here (like it has multiple times), back to $1400, and it would still be up 40% for 2017, beating 2015, and just about any investment. That's not even counting Bitcoin Cash and Gold included in all Bitcoins on Jan 1st.
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@leoncfu
Leon Fu
7 years
My visit to the Stratis office in London.
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@leoncfu
Leon Fu
6 years
Moving my fiat USD's into the exchanges and I'll be buying every sell off from here. I'm feeling pretty confident the bottom is behind us. But bottom behind us doesn't mean the bull market begins. Most likely range bound trading like we've had for the past 6 months.
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@leoncfu
Leon Fu
7 years
The main reason people buy Bitcoins is to buy alt coins. Don't know anyone happy about paying $4K+ for BTC. They want some alts.
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@leoncfu
Leon Fu
4 years
DOGE proves what we have been saying all the time. It’s the community, not the tech! If 5 million people on Reddit want it to be $1, it will be $1. Whether it stays there is another story. But value comes from the community, not the tech!
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@leoncfu
Leon Fu
7 years
I’ve been calling out ZCL to our boot camp clients. My price target is $300-$600, possibly $1K by the end of January IF (big IF) the Bitcoin Private fork goes as planned.
@leoncfu
Leon Fu
7 years
Holy s*! 💩💩💩 This is going to be huge! It’s ingenious. This was one of my picks when I said to buy privacy coins across the board.
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@leoncfu
Leon Fu
5 years
I believe with the successful defense of the $6K level, we re tested $6K, the rally on the Iranian assassination and retaliation, and the follow through rally today, means we’ve bottomed and are back in bull market mode. 🚀🌝
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@leoncfu
Leon Fu
3 years
I do believe ETH is where Bitcoin was in 2017. BTC was in the $2000’s in July ‘17 just as ETH is today. I still believe $10K+ ETH will happen this year to early next year. The BTC chart in 2017 shows us how it may happen.
@RaoulGMI
Raoul Pal
3 years
And here is ETH now vs BTC in 2017... also pretty decent.
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@leoncfu
Leon Fu
8 years
Pay attention to IRS Vs. Coinbase case. If we see a crackdown on Bitcoin users, we need to own EVERY SINGLE privacy coin in the top 100.
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@leoncfu
Leon Fu
4 years
For a trade, I like ETH here at $1040 on this sell off. I think ETH goes parabolic like BTC did when it breaks its ATH.
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@leoncfu
Leon Fu
7 years
The argument that most ICO’s are worth zero...well duh, if we knew which ones were going to succeed, we wouldn’t buy the 💩. But I’ve not seen a method to do that. We’re going have buy some 💩coins to make sure we get the Googles, Amazon’s of the crypto world.
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@leoncfu
Leon Fu
7 years
“Whenever we feel rich, that’s when we need to sell.” - My wife...
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@leoncfu
Leon Fu
7 years
Lots of bubble talk. Bitcoin isn’t the bubble. It’s the pin that is going to collapse the bubble we’ve all been living in.
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@leoncfu
Leon Fu
6 years
If we call BTC ~$20K the top, an 85% drawdown brings us back to $3K. That’s 60% lower from here. I do believe we can go there or lower, but I don’t think we stay there for long. We prolly settle around $5K to build a base for the launch to $50K-$100K in 2020 and beyond...
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@leoncfu
Leon Fu
5 years
As we're entering the next bull market, it's important to write down what your goals and aspirations are with the massive wealth we have coming. Lambo's, houses, jets, retirement, whatever. Write it down, and put a $ on it. The tension is greed vs. fear.
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@leoncfu
Leon Fu
5 years
Although I don’t believe this is the rally back to $20K and ATH, I think we’ll never see the $6K’s again. This rally likely stalls around $12K, then we consolidate around $10K for most of the year. Buy the dips, HODL, and don’t FOMO, for the moonshot next year. 🚀
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@leoncfu
Leon Fu
7 years
Chinese gov't banned Bitcoin, all crypto trading, and ICO's. We're hitting all time highs. Still think gov't can stop Bitcoin and crypto?
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@leoncfu
Leon Fu
4 years
Picked up a couple more BTC's at $8700 on this crash...Topping off my bags for the post halving rally. 🚀
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@leoncfu
Leon Fu
7 years
Bitcoins’s split into Core and Cash is what has lead to the collapse of Bitcoin’s dominance. It’s not new coins, or ICO’s. Lightning network won’t save it. The most valuable aspect of any coin is its community; not its tech; and Bitcoin’s community is permanently fractured.
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@leoncfu
Leon Fu
2 years
To reiterate, I will be deploying my Ammo bucket throughout this year for the return of the bull market next year in ‘24. I’m not saying the bear market is over. There certainly could be another leg down, bull trap, etc. I don’t care. I’m looking to ‘24-‘25 when…
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@leoncfu
Leon Fu
5 years
Sub $4K was the first buy price to HODL price. <$7K was the last. The mid $8K’s, perhaps low $8’s will be the last chance before blast off to $20K and ATH, most likely around the halving. 🚀🚀🚀
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@leoncfu
Leon Fu
4 years
Going through some of my old tweets. 2 years later, these buys were not just great, they were Life Changing Profits™ Too the moon and beyond for 2021!🚀🌕
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@leoncfu
Leon Fu
4 years
The run we’ve seen in DeFi is a sign of things to come. The entire market will be making 10X-30X move into the trillions of market cap.
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@leoncfu
Leon Fu
7 years
I’m hoping BTCP fork well. Privacy is a fundamental human right, and enabling private transactions for all Bitcoin holders is a big deal, much more important than cheap transactions (BCash) or giving GPU miners a Bitcoin to mine (BTG), IMO.
@bitcoinprivate
Bitcoin Private [BTCP]
7 years
Bitcoin Private: anonymous, decentralized, fast, open source, community-driven coin. More details coming soon... #BTCP #bitcoinprivate #zclassic #ZCL
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@leoncfu
Leon Fu
3 years
It’s great Tesla accepting BTC. But why would you ever sell the strongest asset in the world for a depreciating asset like a car? Take an auto loan and make payments by lending out your BTC to earn interest.
@elonmusk
Elon Musk
3 years
You can now buy a Tesla with Bitcoin
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@leoncfu
Leon Fu
4 years
Somewhere between BTC $12K-$14K is the final resistance level from last summer where we run to $20K and make ATH. 🚀 Alts will outperform, and we’re starting to see which will be the massive winners in the new bull market.
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@leoncfu
Leon Fu
7 years
Do we all realize with the invention of Bitcoin, 1984 will now never happen? Mr. Smith would never be able to revise the historical record. That alone is why cryptos will be worth trillions.
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@leoncfu
Leon Fu
6 years
Most of us were taught hard work pays off. But hard work is just hard. What actually pays off is anticipating the future, taking risk, and being right.
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@leoncfu
Leon Fu
3 years
Bitcoin's halving last year was 8 weeks earlier than in 2016 (May 14th vs July 9th). The first DOGE pump in 2017 topped in June. This pump is also ~8 weeks earlier than '17. It's seems we're replaying 2017, ~8 weeks earlier. Some coins are new, but others, like DOGE, the same.
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@leoncfu
Leon Fu
3 years
I don't think there was anything comparable in 2017 with the -55% drop to $30K. We have to go back to the 81% drop in April 2013. We did not recover to those prices for 7 months till November. I believe we're going to see a V recover similar to March 2020.
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@leoncfu
Leon Fu
7 years
It’s true all cryptos are highly correlated with each other. But a diversified portfolio of cryptos still has lower volatility and/or higher returns than a single crypto. Don’t be a maximalist. This is a mathematical truth.
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@leoncfu
Leon Fu
2 years
BTC goes below the previous ATH for the first time. Standard 85% drawdown puts downside target at ~$10K. Just as we didn’t hit our $100K target, doesn’t mean we will hit $10K either. Support doesn’t begin until $13K.
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@leoncfu
Leon Fu
1 month
I bought yesterday’s crash. I had a some ammo left for the crash below $10K that never came, that I deployed now. Will continue to DCA if we drop further.
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@leoncfu
Leon Fu
7 years
BTC Dominance at all time low, 36%. Watch for this to crack 30% on this leg down. Maximalist will be rejoicing when it rebounds <50%, thinking that’s a victory. I’m looking for $250B BTC, $750B alts at crypto ~$1T. I will begin to reaccumulate BTC <30% Dominance for rebound.
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@leoncfu
Leon Fu
7 years
$1 USD bought ~16.66 BTC in 2010. $1 USD now buys ~0.00022 BTC. USD has lost you 99.87% of its value vs. BTC in ~7 years.
@bitstein
Bitstein
7 years
USD hits all time low. 0.0002193 BTC SELL!
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@leoncfu
Leon Fu
5 years
I've been saying this bear market will play out like the last one in '13/'14. So far the charts look almost identical in terms of the % decline, and duration. We bottom in late Dec/Jan. The previous bear market bottomed in Jan '15, almost identical in time and % decline.
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@leoncfu
Leon Fu
7 years
Look at coinmarketcap from 2013. Most of those coins are gone. Most of the coins on the 1st page will be gone in 4 years too.
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@leoncfu
Leon Fu
6 months
What am I doing in the crypto bull market? Mostly nothing. I invested nearly all my AMMO with just a little left in case we fell to $10K like so many believed. The bottom was in Dec ‘22 at $16K, but so many were bearish through most of ‘23. The bears have all been vanquished!
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@leoncfu
Leon Fu
4 years
ETH feels like BTC in late 2016...about to go on an epic run, blowing past ATH.
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@leoncfu
Leon Fu
2 years
Now that the markets have crashed, I’m hearing a lot of “I wish I sold $ when my portfolio was at $$$(whatever the high was). First you’re never going to always buy/sell at the absolute low/high, so forget what $$$ was. Instead, let’s focus on WHY you wish you sold $.
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@leoncfu
Leon Fu
3 years
Setting aside enough cash as we run to BTC $100K is the focus. I am not buying more crypto or alt coins. I am HODL’ing, looking to cash out enough for the next bear market, for what we want to do over next 5 years,and researching tax strategy. It’s what we were doing through ‘17.
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@leoncfu
Leon Fu
3 years
Last month I said we could go lower and we have. We’re now 34 days and -35% into sell off. The analogous sell off in 2017 was also 34 days and -40%. So I think we could go a few days longer and another 5% lower. I would be buying now if I had money to invest.
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@leoncfu
Leon Fu
3 years
1/Now at -25% and day 9 from the $64K+ top. This correction could run a few more weeks and another -15% like we had in 2017, especially as details of the Biden tax hike come out. It could put us under $40K as the final capitulation. Note, this is a scenario, not a prediction.
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@leoncfu
Leon Fu
2 years
Remember that “Life Changing Profits”™ are MADE during bear markets. They are TAKEN during bull markets. We need to MAKE it, then TAKE it.
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@leoncfu
Leon Fu
5 years
The big moves we saw on ETH and XTZ will extend to all the big caps in the coming months. There’s going to be a “rotation” where each coin plays catch up. We want to see broad based rally, not just Bitcoin going up like the previous rally. That’s not a healthy market.
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@leoncfu
Leon Fu
2 years
Short term (4-6 weeks), I think we’ve bottomed and could see a bounce to BTC $25K-$30K. Select alts do pretty well. Traders see $20K was the previous ATH, and buy. So I’m bullish in the short term for a trade.
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@leoncfu
Leon Fu
1 year
If $30K holds…I gotta feeling a lot of bears are going to capitulate here. The FOMO will be too strong to resist. 😂
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@leoncfu
Leon Fu
10 months
My view switched from neutral to bullish after the regional bank failures last March. The bear market ended last Nov and we’ve been trading sideways since. I believe the bull market has started. It means, I start looking for reasons to SELL coins I bought in the past year.
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@leoncfu
Leon Fu
6 years
It looks like a double bottom on the charts around ~$3500. That plus the fact we’ve fallen >80% from the ATH, I’m buying back some Bitcoins here around $4100-$4200.
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@leoncfu
Leon Fu
4 years
I bet anyone who was around crypto in 2016 is feeling a little deja vu....
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@leoncfu
Leon Fu
5 years
My thesis at the beginning of 2019 was it was going to be like 2015. Bitcoin was up 34% in 2015, while we're up 77% YTD. The difference is we had far more volatility this year than 2015. 2020 should be a solid year 2016 from the halving, but the next moon Lambo is 2021/22. 🚀🏎
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@leoncfu
Leon Fu
8 months
As for the market, there's not much for us to do. We switched from bearish to neutral to bullish last year, after the regional bank failures in the US. I was pretty much fully invested by Q2 of last year. We are BULLISH now, which means we're looking for reasons to SELL.
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@leoncfu
Leon Fu
5 years
I’ve been a crypto evangelist for 6 years now have helped earn tens of millions for people. I’ve run into plenty of people like @PeterSchiff who simply don’t understand, don’t want to understand, and stuck with their flawed beliefs. It’s better to leave them be, move on.
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@leoncfu
Leon Fu
4 years
I agree with Charles 100%. ETC needs a treasury if it’s going to compete with ETH. Without funding, it’s likely to lose to DOGE; because likely there are more folks that buy just because they love dog memes, than those that care about “Code is Law”. 🐶🐶
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@leoncfu
Leon Fu
3 years
DOGE is within 12X of Bitcoin. It's already done 140X this year. Imagine if DOGE flips BTC...what would the implications be for the entire crypto industry? 🤯
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@leoncfu
Leon Fu
2 years
Folks are already asking when to buy. We’re in a bear market. Cash is king. There is no hurry to buy. Do your research, get your life in order, take a vacation, setup your tax strategies, etc.
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@leoncfu
Leon Fu
3 years
ADA on Coinbase Pro! 🚀 Congrats to Cardano!
@CoinbaseExch
Coinbase Exchange 🛡️
3 years
Starting today, inbound transfers for ADA are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Thursday March 18, if liquidity conditions are met.
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@leoncfu
Leon Fu
4 years
2020 feels a lot like 2016. Rally to $800, followed by crash below $600. Then a trading range in the $600’s into the fall before rallying past $800 by Xmas.
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@leoncfu
Leon Fu
1 year
Based on the events in the past week, the bottom is in. We are likely not going to see new lows. My strategy is the same, I'll still be buying the dips like I have since the beginning of the year. But $10K is no longer in the cards. If we test $20K, that'll be a gift to buy.
@leoncfu
Leon Fu
2 years
We are starting to DCA'ing back into the markets. The time is now! 🚀 Even though, I think there's a good probability we have another leg down toward's <$13K, I am not certain. Just like we were wrong about $100K BTC and $10K ETH, I could be wrong on the downside as well.
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@leoncfu
Leon Fu
5 years
Most likely we go into a trading range mostly between $7K-$12K for the next 6 months to 1 year, with the next bull run to new highs beginning in mid to late 2020
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@leoncfu
Leon Fu
3 years
In 2017, alt season went into overdrive when the SEC rejected the Bitcoin ETF….is the trigger for this alt season Elon/Tesla rejecting Bitcoin? 🚀🚀🚀
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@leoncfu
Leon Fu
5 years
Bought BTC here at $7577. For 2020, I think it'll be a Bitcoin and big cap rally, at least in the beginning. Sure, they'll be exceptions like Tezos, but the rally I'm expecting will be liquidity driven, money looking for exposure to crypto at the lowest possible cost.
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@leoncfu
Leon Fu
3 years
This alt season feels much like the one that began in Feb '17. I remember what the trigger was: the SEC rejecting the Bitcoin ETF. Alts immediately pumped 20% across the board, BTC crashed, dominance collapsed.
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@leoncfu
Leon Fu
2 years
I bought this dip. A small buy. Not going to say what I bought because it doesn’t matter. Buy your favorite coin if you’re playing along. Not financial advice; just what I’m doing.
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@leoncfu
Leon Fu
2 years
Looks like we’re headed towards our standard 85% BTC bear market drawdown. As for FTX collapse, we’ve seen dozens of exchange collapses over the decades. None of them compare to Mt. Gox in 2014, which the market eventually recovered.
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@leoncfu
Leon Fu
5 years
Below BTC $7K again. I will be accumulating here and lower. I think we can ultimately go to the low $6K's before this decline ends, so plan accordingly.
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@leoncfu
Leon Fu
7 years
I was going to buy a Ferrari, Lambo, or McLaren next year, but the new Tesla Roadster makes them look stupid.
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@leoncfu
Leon Fu
4 years
Yesterday, I sold all my ETC in my Roth IRA for ETH at a loss. The reason is Kingdom Trust will no longer custody it because of the 51% attacks. Ultimately, whether a coin goes up is if the community grows. Indications are the ETC community is shrinking, while ETH is growing.
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@leoncfu
Leon Fu
2 years
What makes me sad about crypto is the amount of malevolence there is in the industry. It is totally unnecessary. We are still so early, every coin will succeed or fail on its own merits regardless of what any other coin does.
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@leoncfu
Leon Fu
3 years
Some of you have been asking me to guess when is the top. September 14. There ya go. 😂🚀🚀🌕🌕
@therationalroot
Root 🥕
3 years
This is starting to play out scary close. #Bitcoin
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@leoncfu
Leon Fu
4 years
I expect BTC to have a bigger market cap than any company by the end of 2021.
@cryptowat_ch
Cryptowatch
4 years
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@leoncfu
Leon Fu
7 years
$10K in Ethereum ICO in '14 would be worth over $7 mil today. $10K in Stratis ICO in July '16 would be $5.7 mil
@charliebilello
Charlie Bilello
7 years
$10,000 invested in the Netflix IPO in May 2002 is worth over $1.5 million today. $NFLX
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@leoncfu
Leon Fu
7 years
Whenever I get friends to buy their first Bitcoin, the first thing they ask is how to buy alt coins with it. Every time. Alt rally coming!
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@leoncfu
Leon Fu
7 years
If you thought Amazon was about books in 1999, you didn't get it back then. If you think Tesla's about cars, or Bitcoin is about money, you're not getting it today.
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@leoncfu
Leon Fu
5 years
I called the bottom for you guys on Dec 1st. We bottomed 2 weeks later, enough time for you to get your money into the exchanges to buy the bottom.
@leoncfu
Leon Fu
6 years
Moving my fiat USD's into the exchanges and I'll be buying every sell off from here. I'm feeling pretty confident the bottom is behind us. But bottom behind us doesn't mean the bull market begins. Most likely range bound trading like we've had for the past 6 months.
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@leoncfu
Leon Fu
7 years
We could fall to BTC $2K and spend a year between $2K-$3K, much like 2015 was a trading range in the $200’s. This could be good for the long run, setting up a base for the run to $100K+.
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@leoncfu
Leon Fu
1 year
Here’s why I have flipped from neutral to bullish in my market view. Our view has been bearish last year because the Fed had made it clear they were going to raise interest rates to fight inflation. The market was going to keep going down until rate hikes were fully priced in.
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