Long Live The King! Bitcoin Makes a New ATH. What Are Your Thoughts Going into 2024? What Is Your Favourite Crypto?

BL1TZKRE1G on 13/03/2024 - 22:34
Last edited 13/03/2024 - 22:49

Hello, fellow tightarses and hodlers!

It's indeed an exciting time for the crypto community, witnessing the Crypto King reaching new all-time highs.
To all the HODLers out there, a salute to your resilience, and I hope the profits are treating you well.
Having followed the crypto space since the Silk Road days, the growth has been nothing short of impressive.

What are your thoughts on Bitcoin? Is it a legitimate form of currency, a speculative investment, or do you see it serving another purpose?

Bitcoin as "Digital Gold": The comparison of Bitcoin to "digital gold" is intriguing. Do you think it holds value as a store of value similar to gold?
Bitcoin faces criticisms, such as price volatility and environmental impact. How do you weigh these factors when considering Bitcoin's potential?

Favorite Cryptocurrencies and Projects:
I'm personally bullish on Ethereum and Avalanche and many others, appreciating their technological advancements and use cases.
On the flip side, XRP seems to be a point of contention. I like XRP but dislike the moon-clowns who believe it will reach $10,000 (lol)

What are your favorites, and do you have any interesting or promising projects you're keeping an eye on?

I've been keeping an eye on promising projects like Snips and Storex.io.
Snipverse.com aims to be like the Facebook of crypto, it has 7x since Jervis (Creator) announced plans to list on a major exchange.
Storex.io aims to be the eBay of crypto. The devs aim to have the site up and running around the BTC halving.
What are your opinions on these platforms, and do you have any favorite cryptocurrencies or projects that you're particularly enthusiastic about?

Check out my chartwork @ https://www.tradingview.com/u/bL1TZZ/
Feel free to share your thoughts and insights. Let's keep the conversation flowing!

Much love, and PAMP ET!

https://www.youtube.com/watch?v=JZYZoQQ6LJQ HODL GANG
https://www.youtube.com/watch?v=KV5QlSgq7lg BOGGED
https://www.youtube.com/watch?v=ZHert8u5KlA PUMP IT UP

Poll Options

  • 18
    BTC is Digital Gold + Is an excellent store of Value.
  • 64
    BTC/Crypto is a Ponzi /Scam + 99.99% who invest in Bitcoin/Crypto are retards.
Financial Cryptocurrency

Comments

  • BoltThrower on 13/03/2024 - 23:49
    +2

    It's tough watching BTC outperforming XRP
    It's tougher watching XRP poop itself every time BTC sneezes.
    I own both but I went full degenerate buying into XRP. I know that in the short term if I sell the XRP tops and rebalance into BTC that I'll make more money…unless XRP moons in which case I'll never forgive myself.
    Right now I'm growing both BTC and ETH bags by trading ETH/BTC swings.

    • jv on 13/03/2024 - 23:58
      +1

      You got to know when to hold 'em, know when to fold 'em
      Know when to walk away and know when to run….

      • BL1TZKRE1G on 14/03/2024 - 04:11
        +1

        The market is a device for transferring money from the impatient to the patient.

        • DashCam AKA Rolts on 14/03/2024 - 09:06
          +1

          The market is a device for transferring money from the impatient to the patient.

          Some remember Poseidon shares from 1969/1970. My father was offered some through his employer. Sold before the peak. Was scoffed at by colleagues who all held on beyond the peak and ended up holding worthless script.

    • BL1TZKRE1G on 14/03/2024 - 04:08

      Thanks for the comment. Yes it’s been very tough for the XRP army. We’ve seen billions of dollars flow into trash coins, so why not XRP? It’s got a very strong following that it’s almost like a cult. XRP tends to rally late in bull markets. Be patient my friend. The ugly duckling of crypto will have its time. I would be moving money from ETH/BTC to XRP at this stage. Nonetheless I hope your strategy is working for you. Good luck and God bless! ✌️

  • jv on 13/03/2024 - 23:56
    +4

    What Is Your Favourite Crypto?

    This….

  • Clear on 14/03/2024 - 00:44
    +4

    BTC/Crypto is a Ponzi /Scam + 99.99% who invest in Bitcoin/Crypto are retards.

    Good to know I'm in the 00.01% who invested BTC into property ;)

    Now to sell off the dogwifhat coin.

    • BL1TZKRE1G on 16/03/2024 - 13:44

      x2. Made a killing from crypto this year, putting some of that money into my first property.

  • poboy on 14/03/2024 - 06:29
    +3

    People purchase Bitcoin purely as an investment. So its premise is the greater fool theory. You can feel like a genius of it goes up, or devastated if it goes down. But it's just feelings.

    • mskeggs on 14/03/2024 - 08:01
      +5

      Feelings are called charting if you believe very hard. And if you make it look complex enough it feels like science.

      • Crow K on 20/03/2024 - 10:57
        +2

        (Stares thoughtfully at historic chart for a while)

        I would have invested here (circles lowest point on chart) and then… let's see…

        Applying financial principles, I think I would have sold … here (circles peak price).

        Alright, I've spotted the pattern and I know how it works, let's make some money, simples

        • mskeggs on 20/03/2024 - 11:05

          A master of the back test!

          • Crow K on 20/03/2024 - 11:15

            @mskeggs: "Now some of you may wonder "Crow, why didn't you sell.. here? (Points a few inches lower than the peak, makes a small mark there)". I mean, that's still a good gain, right?

            Sure, but if I sold there, look at what price increases I would have missed out on. (shades in line from the tiny cross up to the peak). Look at all this profit, I'm leaving on the table.

            That's cream, right there. You know that "it's free real estate" meme? This is free real estate. You just hold it from here (points at tiny cross).. to here (circles peak again).

            It's literally that simple. Don't forget to smash that subscribe button and use my affiliate code when you order the creatine powder supplements, it really helps a fellow analyst out.

    • BL1TZKRE1G on 16/03/2024 - 13:44

      1 way to look at it for sure!

  • JIMB0 on 14/03/2024 - 07:11
    +3

    Shares and property are also at or close to all time highs. What's your point? Money is continuously being devalued, it's hardly a secret.

    • BL1TZKRE1G on 16/03/2024 - 13:46

      The money printer never stops pumping, unfortunately.

  • EightImmortals on 14/03/2024 - 07:13
    +1

    BNB has worked out the best for me so far.

    • BL1TZKRE1G on 16/03/2024 - 13:48

      Good to hear! Binance has been under intense regulatory pressure. Seems like CZ stepping down was done at the right time.

  • Dollar General on 14/03/2024 - 07:48
    +2

    We are still in a bull market for BTC. Not far off a bubble, which is when the new lot of suckers get in. Once that takes place, the inevitable bursting of the bubble occurs.

    • BL1TZKRE1G on 16/03/2024 - 13:53

      With the DJ/NAS and so on making new all-time highs, I think it is safe to say that the bull market extends beyond crypto. No doubt a correction will follow. Or as I would call it, Smart Money Distribution before the Markdown phase.

  • pegaxs on 14/03/2024 - 08:03

    I have 0.001 Bitcoin and only because crypto bros are retards. If I make $10, I’ll be happy, if it crashes again, and it will, I’ll be out $100.

    I have 950 XRP that I bought at about $0.15 that popped over $1 yesterday, so I hope that BTC drags it to the moon… and on that note, XRP is NEVER going to go to $10,000, at its peak it was only ever about $4~5, and has been sitting under $1 for years. XRP will be lucky to get to $10, let alone $10,000

    And I bought some other shitcoin (BAT I think??), 1,500 of them because they had gone from about $0.30 up to $0.60 in a few days, so basically doubled in price in a week.

    I play the market to have fun, it’s just gambling for me, if I win, I win, if I don’t, I’ve lost like, $100 tops.

    • BL1TZKRE1G on 16/03/2024 - 13:56

      No harm in speculating and having fun with a small amount of money. Hopefully, you continue to make gains my friend. But who are the crypto bros and why are they retards?

      • pegaxs on 16/03/2024 - 18:15

        I think you know exactly what a “crypto bro” is.

        They are the ones fueling the Ponzi scheme by buying into it and then losing their cash and then carrying on with all that “hodl” and “my wife’s boyfriend” shit they go on with.

        I started out with $100 about 5 years ago, and I’m up to just over $1,500, so I’m holding my own. Built most of my stack playing the $0.10 XRP slump. Bought at 10¢ and would sell at 15¢. It would fall back to 10¢ and I just repeated. I had gotten to about 1250 XRP, so I sold 300 XRP at the time (about $100 worth) and left the free money ride.

        Friend of mine started buying $10 worth of BTC every week when it fell back to $22k, and did that for about w and a bit years. In for about $1200, he cashed out 2 days ago for a little over $6k.

        • BL1TZKRE1G on 16/03/2024 - 20:21

          No, I've never heard of the term "crypto bros" and I'm quite active in the crypto space.
          While it's true that some cryptocurrency investors engage in reckless speculation, it's unfair to generalize enthusiasts as "crypto bros."
          Your friend's disciplined strategy of dollar-cost averaging into Bitcoin over time demonstrates a prudent approach to long-term wealth accumulation.
          It's a testament to the potential of systematic investment strategies, even in speculative/volatile markets.

  • Kavoth on 14/03/2024 - 08:21
    +1

    I'm $700 short from breaking even with my crypto…..
    going to sell if I break even and use it for my mid year holiday….. or end of year holiday :(

    • BL1TZKRE1G on 16/03/2024 - 13:57

      After surviving the brutal bear market, I think a holiday is well deserved, Enjoy!

  • DashCam AKA Rolts on 14/03/2024 - 09:12
    +3

    Bitcoin as "Digital Gold": The comparison of Bitcoin to "digital gold" is intriguing. Do you think it holds value as a store of value similar to gold?

    No, there is no comparison. If gold lost it's value as an investment, it still has value due to its physical properties, for industrial use and for jewellery.

    Can't see crypto coins being melted down into bespoke heirloom jewellery or coating electrical connections.

    • BL1TZKRE1G on 16/03/2024 - 14:01

      Fair point. However, the comparison is more akin to the concept of store of value rather than the physical utility aspect.

  • ForkSnorter on 14/03/2024 - 09:16
    +3

    Crypto is absolutely a scam, and the fact that most crypto millionaires/billionaires have merely used it as a get-rich-quick scheme demonstrates this clearly.

    The fact that super-wealthy individuals and institutions/funds invest massively during bull runs, and withdraw that money at the start of a bear run demonstrates it is clearly a ponzi scheme.

    The fact that your typical friend or colleague who invests in crypto is not going down to the shop to spend their bitcoin (or whichever breed of dog they've invested in) also demonstrates this.

    The funny thing is that any coin with a picture of a dog seems to be more successful than other currencies. After the success of 3 or 4 dog-themed coins, there is now a coin called "DogWifHat", which has a photo of a dog wearing a hat, and it has a market cap of $4 billion. The website for "DogWifHat" says: "What is $DogWifHat? Literally just a dog wif a hat".

    Nevertheless, I can't deny that with a bit of research, common-sense, luck, and risk-taking, your average Joe might make a bit of money on crypto, by investing their spare cash selectively during a bull run. For some people who have difficulty generating wealth otherwise, maybe it is a viable option to make a bit of quick money, although there is always risk involved, and from what I've seen, the only reliable way to make money via crypto is to invest near the start of a bull-run (or well after the bull run is over, after the market has dropped significantly, if you have extreme patience to wait years for the next bull run).

    The problem is, if you invest near the end of a bull run, or after the bull run is over, it could be years before you get your money back, if you ever get it back. The money you invest can easily drop to less than 10% of its value in the meantime (sometimes forever). So, if you needed that money back, you could have a bit of a problem.

    • JimB on 14/03/2024 - 10:45
      +1

      "The funny thing is that any coin with a picture of a dog seems to be more successful than other currencies."

      I think that says all I need to know about Crypto.

    • BL1TZKRE1G on 16/03/2024 - 14:26

      Thanks for your comment. I agree that crypto has indeed been a way for some to make quick gains,
      I'm definitely no fan of these dog meme theme coins whatsoever. but Bitcoin, in particular, is like digital gold.
      It's a whole new form of money, and to some extent, free from government control and tampering.

      Sure, investing in crypto needs careful planning and research, but if you're diligent and think long-term, it can offer unique chances for financial growth and spreading your investments beyond the usual.

      We can't ignore the risks, but let's also remember the positive side: cryptocurrencies have the potential to empower people financially and benefit communities worldwide. Plus, seeing smart money investors like BlackRock getting involved shows that there's real substance here – they're not ones to make dumb moves.
      With $10 trillion in assets, BlackRock's commitment to Bitcoin speaks volumes, indicating they see its long-term potential and have no intention of selling anytime soon.
      And it's not just BlackRock; many of the smartest financial institutions are also investing in Bitcoin, further solidifying its legitimacy as a valuable asset.

      History has shown us that even investing in Bitcoin at bull market highs can be profitable if you're patient enough to wait it out.
      Calling the entire space a scam seems far-fetched when so much smart money has poured in, recognizing its potential.

      Moreover, recent events such as El Salvador becoming the first country to accept Bitcoin as legal tender highlight the growing acceptance and adoption of cryptocurrencies on a global scale.

  • shaybisc on 14/03/2024 - 12:50
    +3

    Bitcoin is remarkable. It has no value and it's not useful for most of the things you want out a currency. Not even for darknet markets. BUT, if we all keep buying it for more than the last bloke did, the price will keep going up and we can all get rich. Are you in? I'm in.

    • BL1TZKRE1G on 16/03/2024 - 14:30

      Well it recently reached 74,000 US dollars, .Remarkable when it was 0.01 cents not that long ago. Monero is the underground king. PAMP IT!

  • DingoBilly on 14/03/2024 - 16:56
    -4

    Remarkable how many uneducated investors there are. It's a shame as crypto is such a wasteful technology that adds nothing to society. Hopefully people don't lose too much money when it topples again.

    • Malik Nasser on 14/03/2024 - 19:10

      Bitcoin is not totally wasteful technology. Some education for you today

      • BL1TZKRE1G on 16/03/2024 - 14:38

        Nice article, thanks for sharing bro. PAMP IT!

    • BL1TZKRE1G on 16/03/2024 - 14:37

      While there may be some uninformed investors, many are genuinely exploring the transformative possibilities of blockchain technology.
      Crypto isn't just about speculation; it's driving innovations in finance, decentralized applications, and beyond.

      Yes, there are risks, but with proper education and responsible investment, individuals can navigate them.
      Let's focus on fostering understanding and responsible participation rather than preemptively declaring cryptö investors as "üneducated"

  • Dollar General on 14/03/2024 - 16:58
    +1

    Bitcoin is rallying due to the ETF’s purchasing and the frenzy in this. Soon that will die off and the bubble starts

    • BL1TZKRE1G on 16/03/2024 - 14:44

      Yes the BTC ETF has indeed played a role in the current frenzy, it's also essential to consider the broader trends and fundamentals behind Bitcoin's rally.
      Institutional adoption, growing mainstream acceptance, and increasing awareness of its scarcity are significant factors driving its value.
      While market cycles are inevitable, dismissing Bitcoin as a bubble overlooks its evolving role as a store of value and hedge against traditional financial systems' uncertainties.

      Furthermore, it's worth noting that Bitcoin has faced bubble accusations during every bull run, yet it consistently rebounds and reaches new highs in subsequent cycles.
      This pattern suggests a resilience and underlying strength that shouldn't be underestimated.
      So while caution is warranted, it's also essential to recognize Bitcoin's track record of overcoming challenges and continuing to thrive.
      Long Live The King!

      • Dollar General on 16/03/2024 - 17:18
        +1

        Yes. Everything you say is what people use to justify the FOMO and create the bubble

        Bitcoin has now turned into the very thing it was designed to not be

        Don’t think anything is different this time. Every asset class goes through boom and bust cycles, particularly when wall st controls it now

  • Ozbar Gain on 14/03/2024 - 18:15
    +1

    I haven't been in crypto for a while but I see its time for me to get in again. Buy high, sell low

    • BL1TZKRE1G on 16/03/2024 - 14:45

      lol! Here's a fun fact. 95% of market participants trade this way, Buy high, sell low.

  • Lit Homie on 15/03/2024 - 18:05

    Post this quarterly please, so we can see when we have reached a top

  • DingoBilly on 20/03/2024 - 10:42

    RIP to anyone who bought into this at this point. You've lost 15% of your money.

    • orangecarpet-22 on 20/03/2024 - 11:03
      +1

      People have bought at the top many times but over time those allocations have gone on to beat all benchmarks (SP500, ASX200, property, etc).

      Over 10 years ago you can find forum posts of people lamenting over $50 dropping to $40.
      Over 7 years ago you can find forum posts of people lamenting $5000 to $4000.

      etc.

    • Crow K on 20/03/2024 - 11:03
      +1

      Only losing 15% of your money on a crypto investment is a fantastic result, though

      I'll bet there's a lot of diamond hands HODLers who wished they could have pinned their return at a -15%

    • BL1TZKRE1G on 21/03/2024 - 04:41
      +1

      In crypto, a 15% swing is just a regular Tuesday. In saying that, the majority have reaped handsome rewards over the past 14 months.

      • Crow K on 21/03/2024 - 15:19

        Given crypto works off transactions between two people (one buying, one selling), how can the majority of people reap handsome rewards and/or "95% of people buy high and sell low".

        Or to put it in terms you're probably more familiar with:

        Isn't this just everyone in the Call of Duty lobby saying that have a positive K: D ratio from the last game?

        • BL1TZKRE1G on 21/03/2024 - 16:06

          In the last 14 months, most buyers have seen gains, but let's face it: 95% of market participants end up losing money. That's the brutal truth.
          Ah, so every market is just a carbon copy of the next one? Do you have buyers and sellers? Thanks for the eye-opening newsflash.
          What is this nonsense you're on about?
          The KDJ indicator is a technical analysis tool used in financial markets to assess momentum and identify potential trend reversals.
          That's the only KD I'm familiar with. Take a look at this video I've provided—it's something you'll associate and be familiar with
          https://www.youtube.com/watch?v=eBPqksG9nbA

          • Crow K on 21/03/2024 - 17:01

            @BL1TZKRE1G: Mathematically I'm uncertain on the logic behind a matching up of people buying and selling items to each other but 95% of them end up losing money.

            If you put 100 people in a room and they each paired up and 50 games of chess were played, would it make sense that 95 of the players ended up losing?

            In the last 14 months, most buyers have seen gains, but let's face it: 95% of market participants end up losing money. That's the brutal truth.

            Exactly half of the market would be 50%. How can more than 50% of the market "see" gains at the same time that 95% of the market loses money?

            • BL1TZKRE1G on 21/03/2024 - 17:46

              @Crow K: Let me dumb it down for you. Yeah, over the past 14 months, the majority of buyers/long traders/bulls have been cashing in, myself included.
              But guess what? We're not immune to losses. Those gains will make their way back to the market when we speculate the wrong way.
              As for the Dow Jones, it's been around since 1882, with a whopping 95% of market participants historically ending up in the red.
              This week alone, I'm down 9k US, but over the last 14 months, I'm up tenfold. Starting to connect the dots?
              You ever heard of the saying "The House Always Wins"?
              Stick to your video games bro. Your KD might outshine your financial logic any day.

              • Crow K on 21/03/2024 - 17:58

                @BL1TZKRE1G: The cutest thing about cryptobros, cuter than their incessant need to invent new terminology because cRYpTo iS dIfFeReNt, is when they show their hand and can't explain things in simple real life terms. It's that or they send you a tiktok video that they are currently in the thrall of.

                "How can most of the people participating in a market both have "seen gains" and be in a loss position simultaneously?"

                Those gains will make their way back to the market when we speculate the wrong way.

                Always the financially illiterate, always grasping for the big boy words.

                The most charitable meaning I can pull out of your word salad is "most people have "seen gains" but are in a loss position" is "well they won a spin on the roulette wheel two hours back but since then they lost that and the next thirty spins".

                But that would be like the same person out in the casino carpark handing his car keys to the loan shark proudly announcing they "saw gains" that evening.

                Don't you just know how much you've invested ("I started with $100k cash") and then you compare it to today's position ("After trading for three years, I now have $10k cash and $120k of investments") and boom, you're 30k up?

                • BL1TZKRE1G on 21/03/2024 - 19:04

                  @Crow K: Oh, would you look at that? My response seems to have ruffled your feathers. How utterly tragic.
                  You asked, I answered, and here comes the melodramatic, oversensitive response.
                  Bravo, truly inspiring display of emotional maturity.
                  Keep shining with your unparalleled wisdom, oh intellectual giant!! lol

                  • Crow K on 21/03/2024 - 20:07

                    @BL1TZKRE1G: Sorry fam. I wish you the best of luck with your charts, and I hope your NFTs don't get funged.

                    • BL1TZKRE1G on 21/03/2024 - 21:45

                      @Crow K: All good bro. I've never really been into the whole NFT hype or dog-themed coins.
                      Those who've invested in either are probably going to end up in the 95% category (and rightfully so).
                      Sure, they might be seeing gains for now, but they'll likely be the ones left holding the bag in the end.
                      Retail psychology hasn't changed much. Hope you found my charts interesting. All the best and….. PAMP IT!

                • [Deactivated] on 07/07/2024 - 09:08
                  -1

                  @Crow K: u mad bro?

  • tunzafun001 on 22/03/2024 - 15:52

    Shouldn't Bitcoin be at least 50 - 100% higher than 2021 by now? (when compared to shares and property over the same period..especially factoring in inflation).
    BTC has performed averagely in the last 4 years (has it even beaten inflation since it's ATH in 2021?
    Over 2 years, BTC is a great asset, but over the last 4 year cycle…looks to be fading? Without the ETF buy in…well, where would it be?
    Alts have been terrible, (ie worse than cash)?? No point staking Alts @ 100% yield… when all you end up with is a tax bill, yet an asset worth a quarter value after 4 years?

  • BL1TZKRE1G on 22/03/2024 - 20:30

    Your comment is utter nonsense.
    Since the brutal March 2020 COVID crash, the Crypto King Bitcoin has experienced a surge of over 1800%.
    How on earth is an 1800% rise dubbed "average"? And why would property even be brought into the comparison?

    Now, let's look into the performance of the magnificent seven.

    Tesla (TSLA) has surged by 1666%, though it has slightly dipped to around 600% at current prices.
    Google (GOOGL) has seen an increase of 200%.
    Meta (META) has experienced a surge of 288% since March 2020 and an impressive 500% surge since November 2022.
    Apple (AAPL) has shown a substantial rise of 288%.
    Amazon (AMZN) is up around 134%.
    Microsoft (MSFT) is up around 225%.
    Among them, Chip King Nvidia stands out with an exceptional return of over 2000%.
    Gold has witnessed an increase of approximately 54% during the same period.

    Crypto is still amidst a bullish trend, with many altcoins yet to rally.
    Bitcoin is presently in a phase of price discovery, and only time will tell when we might witness a blow-off top.
    Over the past decade, there's simply no asset in history that has outperformed
    Long Live the King!

  • Oofy Doofy on 26/03/2024 - 14:30

    a couple % play as part of a portfolio probably wouldn't hurt. Nobody truly knows what's going to happen moving forward. In saying that, all the pension funds and well known investment companies are buying it up… I don't particularly understand their thinking behind it exactly, but I'm sure there's an explanation on the internet from the people working for these mobs.

    • BL1TZKRE1G on 27/03/2024 - 21:34

      I agree, there is nothing wrong with a diversified portfolio. However, I'm 95% crypto right now.

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