The 2021 Bitcoin supply shortage | Page 5 | Crypto Craft

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Sentiment tracker (2021) 2 replies

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The 2021 Bitcoin supply shortage

  • #81
  • Feb 18, 2021 1:50am Feb 18, 2021 1:50am
This was the premise a few years ago, but at a trillion dollars they're saying this?
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It's like buying Amazon at its trillion dollar market cap because you think they will rule retail. Except in Bitcoin's case there are no revenues and little utility!
  • #82
  • Feb 18, 2021 2:04am Feb 18, 2021 2:04am
Can't believe I'm hearing this rookie bullshit from pro analysts. You don't care about the volatility of your position? Play for the long term, sure, but to publicly state that you don't care about your open P/L? That's just strange.
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  • #83
  • Feb 18, 2021 8:28am Feb 18, 2021 8:28am
Are we all having a good time fellow HODLers!? 50k, huh, nice. And yet I STILL read about people saying "Is this THE top". Guys and girls, there have been many "tops" and many "bottoms". It could bomb to 5k again easy. It could pop up to 80k easy. My recommendation, don't "trade" Bitcoin on a brokers platform. Just do some research, and if you like what you read, buy some and store it in a wallet if you have some spare cash, and forget about it. If you don't like what you read about bitcoin, just leave it, simple. You wanna "take" money out of the internet for a living, just trade forex. Tried and tested. All the info on how to do it successfully is deep in this website 🖐
Emotional Control. Process, not outcome.
  • #84
  • Feb 18, 2021 9:48am Feb 18, 2021 9:48am
Quoting Goat
{quote} That graph says that exchanges are hording BTC. The price went up by 500%, but the amount of coins only dropped 25%. That's the point, right?
My angle was -> increased adoption but decreasing balance of BTC in exchange wallets - would lead me to believe the marginal user as preferring self-custody over liquidity.. but you make a necessary point. If we consider market cap in exchange wallets rather than # of coins, there's nothing interesting here.
Live Challenge All Time Return: 171.5%
  • #85
  • Feb 19, 2021 9:39am Feb 19, 2021 9:39am
Quoting Hasher
{quote} Based on current supply BTC needs to reach ~$53,673.92 to hit that magic $1T. At this point it's a question of when, not if.
The answer is today:
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  • #86
  • Feb 19, 2021 12:57pm Feb 19, 2021 12:57pm
Quoting Goat
{quote} THE top. Not trying to make a statement, just the sentiment I'm feeling.
How's that top?
  • #87
  • Feb 19, 2021 2:35pm Feb 19, 2021 2:35pm
That one is symbolic.
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  • #88
  • Feb 19, 2021 2:36pm Feb 19, 2021 2:36pm
Aaaand they took it all.
  • #89
  • Feb 19, 2021 2:39pm Feb 19, 2021 2:39pm
Quoting cryptocow
{quote} How's that top?
It smells up here!!!
  • #90
  • Edited 8:34pm Feb 19, 2021 3:45pm | Edited 8:34pm
That's it for me boys. I let the rest go at $56K. What a ride.

To my cohorts still on this crazy train, I wish you all the riches in the world. Don't forget to take some profits!!

See ya'z at the Ferrari dealership!
  • #91
  • Feb 22, 2021 9:55am Feb 22, 2021 9:55am
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Better stop the bleeding soon or this could trigger margin calls!
  • #92
  • Feb 23, 2021 12:33am Feb 23, 2021 12:33am
If I were still on the train I'd be freaking out right now. At these levels a selloff can trigger a margin-call landslide. You don't want to get caught up in one of those. The risk of it happening is probably ~10%, but it's still a scary proposition to me.
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The longs need a bounce in the next 48 hours.
  • #93
  • Feb 23, 2021 9:24pm Feb 23, 2021 9:24pm
Strong bounce off 45K. Now we need some follow through.
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  • #94
  • Feb 24, 2021 3:18am Feb 24, 2021 3:18am
Last year Bitcoin hung around $10K for several months. Now it moves $10K in a day!
  • #95
  • Feb 28, 2021 11:28pm Feb 28, 2021 11:28pm
The level of fuckery keeps rising!
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  • #96
  • Mar 1, 2021 7:59am Mar 1, 2021 7:59am
I would consider Bitcoin as a long-term investment to diversify current investments, while it's important to understand and be prepared for a 20-25% drawdown and use lows as a reason to buy.
  • #97
  • Mar 1, 2021 8:34pm Mar 1, 2021 8:34pm
Quoting MarcellusLux
I would consider Bitcoin as a long-term investment to diversify current investments, while it's important to understand and be prepared for a 20-25% drawdown and use lows as a reason to buy.
There already was ~25% correction from 58xxx to 43xxx.
  • #98
  • Mar 1, 2021 10:43pm Mar 1, 2021 10:43pm
Quoting yg10
{quote} There already was ~25% correction from 58xxx to 43xxx.
I wouldn't have been able to stomach that.
  • #99
  • Mar 2, 2021 3:28am Mar 2, 2021 3:28am
Quoting yg10
{quote} There already was ~25% correction from 58xxx to 43xxx.
If buy at 43 and sell right now at 49, that's almost a 15% profit. Not a bad start imo.
  • #100
  • Mar 9, 2021 1:14pm Mar 9, 2021 1:14pm
BTC is back with a vengeance! Interesting note... at $1T Bitcoin took 80% market share.
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