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BTC and Crypto Quick Update Tues morning (Patreon)

Published:
2021-06-22 14:15:25
Imported:
2022-03

Content

We broke thru 30K as we all know - Mike Novogratz was just on CNBC - he is not worried. He said he just got off the phone with some big US Pension Funds and they are close to finishing up their paper work to enter into Bitcoin.  Money is coming. July will come. We just have a crazy confluence of selling right now - China Retail Investors, China Miners, Grayscale, Spinach Hands..... we could see 28K today or maybe lower.  I am going to check behind the couch right now and see what I can get funded ASAP.  Ramen noodles on the menu for me for next few weeks.

Comments

Anonymous

Stay strong everyone and backup truck if you can! I've checked behind my sofa ... empty :-(

Anonymous

I need to close my CMC tab and stop looking every few minutes 🤣

Anonymous

Officially got to become a 2 coiner this morning 🙌

Anonymous

Stronger together 💪

Anonymous

I’ve just pumped all I have into this dip… 🙏 please lord I’m ready to go up now 😩😂

Anonymous

If you’re in panic mode, maybe worth holding your USD for life and enjoy the net yearly gains on that…

Anonymous

:) Love you and your positivity, insight, and steadfastness, brother!

Anonymous

Lol, make sure they are vegan! I'm in this as well, tough week, and probably a few weeks. Fud month!

Anonymous

I am scraping the couch too!!!!

Anonymous

Should I convert my Altcoins into BTC?

Anonymous

If they have vegan Ramen noodles, I’m in.

Anonymous

https://newsletter.banklesshq.com/p/time-to-dig-in-market-monday-lite

Anonymous

Buy what u can!!! I gotta wait till tomorrow for some funds

Anonymous

Beg, borrow and steal mode. Load up folks

Anonymous

I don't even have a sofa.. 😁🤭

Anonymous

Two coins here I come :)

Anonymous

During this harvest I can read only your updates. The Sun will come. 😩😂

Anonymous

I sold the sofa

Anonymous

Thanks! Hangin’ in there...

Anonymous

Who doesn’t love vegan ramen?! Thanks for the reassurance 🙏

Anonymous

Brilliant James I may be a Wholecoiner today Yahoo

Anonymous

What’s happening with Grayscale selling?

Anonymous

Nice to see some optimism here. I wasn’t feeling like a very smart investor today.

Anonymous

I almost want it to go lower. Got 1/10th of a BTC about 2 weeks ago, now almost to 1/5th. Just hold on tight folks!

Anonymous

Robert Kiyosaki said he is backing up the truck at 27k

Anonymous

Just needs to stay down until my Crypto IRA is funded!

Anonymous

Thanks James for your due diligence. I picked up more this morning at 29,000 with money found under the couch.

Anonymous

Haha I was just making a Ramen noodle comment with a friend 5 minutes ago ! Lol 😆

Anonymous

party on

Anonymous

Anyone looking to buy a sofa? Fiat coins included!

Anonymous

🚛 backing up the truck BTFD

Anonymous

James, you dont have an idea how much it helps to hear this from you! We appreciate you.

Anonymous

Thank you—Staying strong. Time to do that garage sale I’ve been putting off! Might even sell the hubby’s dirt bike. (jk, I wouldn’t do that to him even for Bitcoin!)

Anonymous

Thanks James. Hang in there Patreon family. We'll get through this. I really wish I had the emergency fund to buy more.

Anonymous

Picked up some stress relief pills at Costco... they've really helped! 😁

Anonymous

Thanks for the update James, much appreciated! I wish I had some more cash available to invest... I've been quite creative over the last few weeks, making cash available, but now I have no real options left! Bummer

Anonymous

Oh my God, this is killing me. I don't have any dry powder left.

Anonymous

Excited to get more BTC and ETH today. Have been hiding patiently in the long grass with my sights set on these prices and lower for the last month and am enjoying watching each limit order get filled. Thanks for the confidence you and others in the group have instilled in me. Couldn't have done it without you all 👍❤

Anonymous

German institutions to open up to crypto 7/1/2021. https://decrypt.co/69323/damn-huge-germany-opens-up-to-institutional-crypto-funds

Anonymous

I am busy buying the dip getting my average down and inching towards wholecoiners, keep the spirit up guys, look long term, stay strong

Anonymous
>>62334853

Whether right or wrong, that is what I have done. I can always catch up on them.

Anonymous

Dry powder is gone for now, but our BTC supply is climbing! 👊🏻

Anonymous

Looks like I will be a whole coiner. Just have to decide at what price to buy my last .076 BTC. I have thought about selling some of my 10 ALTS but just can’t pull the trigger because I think the upside is so big and I have to admit I am emotionally invested in most of them.

Anonymous

Im new to Crypto I have some cash to put in Im just lacking some guts at the moment.

Anonymous

So little more I can put in 😔 😜

Anonymous

I am down to 5 Alts as I have been converting the rest into BTC and ETH. Maxing out my BTFD 🤣

Anonymous

Thank you! Does water count as a nutrient? Lol

Anonymous

I'll be looking behind the couch cushions for change - then selling the couch to buy this dip!

Anonymous

Thanks James. Your words help a lot. Being new to this space and having some familiarity with tech and finance, I get the fundamentals but the psychological impact of all these down turns can be unnerving.

Anonymous

🤣 Damn right James!

Anonymous

The fundamentals are still good, so I’m planning to hold for the long term. 🙌🏾

Anonymous

I can handle the noodles James but the missus is threatening separate beds until bitcoin is at a new high. Celibacy until August it is. Raging bull after that. lol.

Anonymous

Too late to convert my alts to BTC, buying BTC nevertheless

Anonymous

Germany's "Spezialfonds" will be allowed to invest in crypto on July 1, 2021, up to 20% of their $1.2T-pounds, which is equal to $240M-pounds, or $333,600,000,000 USD. Did is say, "Billion?" Obviously, it won't happen overnight, but a billion here, a billion there. Pretty soon, it starts to add-up! (The article says, "up to $422 billion USD, but the article is a few months old, and the pound is currently worth $1.39 USD). https://decrypt.co/69323/damn-huge-germany-opens-up-to-institutional-crypto-funds

Anonymous

Yes! We must go all in for the win. 🤑

Anonymous

Hey James, I found some under my couch!! I bought my next 0.25 BTC at 25.000 EUR and at 1.500 EUR my 75th ETH!!!! Yeah! And my next limit at BTC is more 0.25 BTC at 22.000 and 0.25 at 20.000 Eur! So, dip can come to me!

Anonymous

Appreciate I’ll buy more BTC today…this is the craziest ride I’ve ever done…BUT I BELIEVE!!!!

Anonymous

Is GBTC still solid?

Anonymous

I think you mentioned this James, so thank you Plan B with his Stock to Flow model sees $135K BTC by end of the year https://twitter.com/100trillionUSD/status/1406577006230245376?s=20

Anonymous

No fiat behind my couch .I only found a couple if old gold bars

Anonymous

I jumped into this pool at 60,000 do you think I should sell everything I purchased over 40 write off the loss then re-purchase ASAP.???

Anonymous

I will purchase more ASAP one way or the other

Anonymous

I can smell my whole coin it's so close....

Anonymous

Binance BTC dipped to 28800

Anonymous

Headed to store for ramen noodles... no worries here. Thank you James

Anonymous

James ya gonna need a bigger whole coin survey! Will be very interesting to see the pick ups from the one. The FUD merchants will have to switch their North Wind strategy.

Anonymous
>>62336285

No don't do that. It's way too risky. Only sell on the up. It might not drop much further if at all. I bought at 50k. If anything, to satisfy your feeling of missing out, buy a little bit, even $50 is that's all you got. That's what I did. You should hold on to your btc... and never sell in the spur of the moment.

Anonymous

Be sure to add a few blueberries to your noodles, James. Or are you transferring them over to bitcoin too?

Anonymous

Thank you my friend! Stay strong IA family. Happy Tuesday 😁🌅🎶 🍾

Anonymous

I found a bunch under the couch, so I think I’ll be a wholecoiner!👯‍♀️👯‍♀️

Anonymous

Just letting you guys know that it IS my birthday in August. It might be a good time to get me those SATs/ETH now. Save yourselves a packet. Love this community... getting ready to say "Awww, you shouldn't have!"

Anonymous

As it says on Joe’s Crab Shack…”free crabs tomorrow”.

Anonymous
>>62335240

Yeah same here, I’m holding massive bags of vechain but am conflicted of if I should swap it for ETH, if we continue this bull run my gains will be a lot bigger with vet but a lot less risky and safer with ETH. I will probably hold on tight for now

Anonymous

I am with you James! However, we will not see a bottom until $20,00 in my opinion, way too much fear to overcome at this point.

Anonymous

I bought 900 shares of Microstategy in my IRA and I feel more confident than ever. Well, nervously confident. I just don't watch it too closely. I was driving myself nuts, checking the price every few minutes. I am a few years from needing any of this money.

Anonymous

I haven't stop stacking since '19

Anonymous

Ramen it is…..big opportunity in front of us to accumulate quality crypto

Anonymous

Ramen for me for a year to come…risk management strategy of my portfolio crying in the corner…I think I went nuts, Im selling shares now to buy crypto…

Anonymous

Got SOL at $21 this am. Been waiting to get in

Anonymous

Instead of selling the couch perhaps you could list your couch on AirBNB.

Anonymous

Ramen now for fine vino later!

Anonymous

I think a lot of people got excited about the price at a 6 month low....maybe too excited.

Anonymous

Omg I love you!! Every time I feel doubt there’s a message from you You’re so on top of it. I truly appreciate you James! Thank you 🙏🏼

Anonymous

Looks like nice divergence with the RSI on BTC. If you follow the RSI, ADA and ETH have a bit more dumping to do (or time to let the RSI drop a bit more). Daily timeframes only.

Anonymous

wow somehow I knew we would hear from you this morning! bringing sunshine once and optimism once again! thank you for being there!

Anonymous

I’m selling some of my other cbd stocks to go with graph, btc ETH MATIC . All behind the couch.

Anonymous

Can you sell long term futures on the value of your estate to raise money to buy BTC? I should ask Saylor :-)

Anonymous
>>62336202

Thinking about doing the same. Not sure when but soon maybe when it’s less volatile. Tax harvesting purpose only.

Anonymous

Counting pennies now, the car is up for sale, all in on BTC. Guess I will walk my way into wealth.

Anonymous

Just purchased another $1100 USD of BTC at $32,500. Frankly that price won't matter much in 6 months.

Anonymous

I’m inching closer to 0.2 BTC. Slowly but surely wins the race! 🐢

Anonymous
>>62342843

Congratulations, .2 BTC is an awesome mental milestone!

Anonymous

I’m broke from buying the dip over the last two months….thinking about selling my dog, lawnmower, chainsaws and anything else I can come up with to buy at these incredible prices! Stay strong my fellow Bitcoiners!

Anonymous

LOL…😂

Anonymous

Spinach hands, ;-)

Anonymous

I have my 10% left dry powder? Is it time to shovel it in to the stove or is it better to see that the market will stabilize?

Anonymous

I have a feeling we will all be ramen profitable by the end of the year :)

Anonymous

At these levels I am selling Tesla stock to buy more Bitcoin; I want to get my first whole coin-soon.

Anonymous

Good time to buy!! Even now at $32K

Anonymous

I think it will take towards the end of the summer to stabilize and go back up. Eth is going to start its changes; Cardano is about to change some protocols and as Guy says, August IS a slow month.. I’m thinking if I was skittish about any of my Alt Coins, I would convert them 60/30/20 BTC/Eth/ADA.. As summer vacations end, people get back to business and the economy goes back into full drive.. I’m HODLING.. I’m sticking w my 5 Alt Coins too.. When this goes up to expected levels we can look back, ‘Sigh’ and go, YES!!

Anonymous

Bugger, I missed it at $30k and below - couldn’t get funds into account on time Ugh! BTC is hovering around $34k right now - need it do dip by $2k or better and try to bring down my overall cost basis

Anonymous

I may sell my boat to get extra cash!!