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Misc Crypto trading

drfranklin said:
Bitcoin has dropped more than $3K in 3 days:
rDUDaUHP
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Maybe in anticipation for Fed's CBDC? Yellen does not like Bitcoin. Will probably be banned or over-regulated in the near future.
 
per Gensler on CNBC this week:
"we don't need more digital currency, we have digital currency. It's called the U.S. dollar. It's called the euro. It's called the yen. They're all digital right now."
wow...this is in contrast to how he portrayed cryptocurrency in his 2018 MIT course
the next 5 years should bring clarity to the digital asset space as Congress will (hopefully) intervene
also believe the CEXs will ultimately change asset offerings/services to comply (see Robinhood today)
Bitcoin IS a worldwide digital COMMODITY and will never go away - as such, companies such as Strike will disrupt legacy monetary systems
I've become a Bitcoin maximalist and may sell digital assets that are potential securities
(eventually, I may just hold BTC, ETH, LTC, DOT, LINK, UNI)
 
slowly becoming a Bitcoin maximalist - esp knowing Gary Gensler deems Bitcoin a commodity
(in fact, I suspect all truly decentralized PoW digital assets will be categorized as commodities)
hopefully, the recent XRP judgement will spur Congress into action (as I am not sure it will survive appeal)
March - June 2024 looks very interesting with the upcoming Bitcoin halving (April 2024) and *possible* spot Bitcoin ETF approval(s) at the same time
 
drfranklin said:
slowly becoming a Bitcoin maximalist - esp knowing Gary Gensler deems Bitcoin a commodity
(in fact, I suspect all truly decentralized PoW digital assets will be categorized as commodities)
hopefully, the recent XRP judgement will spur Congress into action (as I am not sure it will survive appeal)
March - June 2024 looks very interesting with the upcoming Bitcoin halving (April 2024) and *possible* spot Bitcoin ETF approval(s) at the same time
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I dabbled in some alt coins in 2021 and flew too close to the Sun, but I’ve been adding Bitcoin ever since and I’m not sure I’ll ever throw money into alts again. It’s just so risky.
 
“Ladies and gentlemen, please make sure your seat backs and tray tables are in their full upright position. Make sure your seat belt is securely fastened and all carry-on luggage is stowed underneath the seat in front of you or in the overhead bins. Thank you.”
 
After an awesome steady rise of practically all major crypto (BTC, ETH, SOL, ADA, XRP), some pullback late Sunday night as long positions were liquidated totalling about 360 million.

I bailed off crypto back in March, returned beginning of November and diversified what I used to invest in. Before it was primarily SHIB (Shiba Inu), which is more than just a memecoin now (has use case with Shibarium DEX Tool).

Things have overall gone well, including some low market cap, low cost projects that have been around for years I took a chance on.
 
Coinbase listed BONK today, the Solana based Dog-Themed Memecoin which has seen an 80% surge in the last 24 hours.

BONK became the 3rd highest dog themed Memecoin by market cap behind DOGE and SHIB, and as of this post, BONK is the 51st HIGHEST crypto by market cap.
 
Shiba up about 330% for the week! According to someone I know who predicted this spike, raven is next. 💰🚀

Edit: Shiba went way up since my original post so no telling how high it will go.
 
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Jimmy Hypocracy said:
I mean seeing that the whole world is calling for 100k and beyond now this seems like a good time to let go of the bag
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I have a certain % of BTC/ETH that I plan to hold for 5+ years, if not longer. Small % planning to sell later in year (after BTC halving) for family needs. I have numerous alts that I plan to sell later this year. Beyond 2024, I plan to only own BTC and ETH.
 
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