Wall Street piling into bitcoin...you had better get in now!

[EE_]

Oh wait! It's another pump and dump scam!
With a small group of people owning most of the bitcoins, they can control the scam.
This looks like the boiler room scams of the dot com boom.
Bitcoin down $7,000 over night.

https://coinmarketcap.com/

[Shami-Amourae]

During the last bull market in 2017 the price of Bitcoin dropped 30-40% multiple times. Look at the charts yourself if you don't believe me.
https://twitter.com/danheld/status/1348630923273793536/photo/1


I also predicted a few days ago this would happen.
http://gold-silver.us/forum/showthread.php?68159-The-Bitcoin-Tracking-Thread&p=975249#post975249


I wouldn't be shocked if it crashed 30-50% any day now but don't sell, just accumulate more. It will go much much higher.

It played out exactly like I predicted. The market is hot and had to cool off. This is super bullish, and I'm not worried at all.


https://www.youtube.com/watch?v=XbZ8zDpX2Mg

[Hitch]

Shami,

I read an article on yahoo that stated one sell order of 180 coins, dropped the bitcoin price by $1200. Seems to me bitcoin is or can be highly manipulated. If someone owns a lot of bitcoins, why not dump them on the market, then scoop them back up at a lower price?

[Shami-Amourae]

Shami,

I read an article on yahoo that stated one sell order of 180 coins, dropped the bitcoin price by $1200. Seems to me bitcoin is or can be highly manipulated. If someone owns a lot of bitcoins, why not dump them on the market, then scoop them back up at a lower price?

You could try that but likely it won't pan out.

The market liquidity is super tight right now since most people are holding their coins on cold storage that the market is increasingly volatile. That being said the market is hard to manipulate like that unless you're doing low cap shitcoins which you can do that with quite easily.

All the Bitcoin OGs know institutions, corporations, family offices, hedge funds, banks, and governments are loading up right now. My prediction for a 30-50% correction is currently in place just like I mentioned on January 7th. All my charting technicals were screaming it, hence I mentioned it. I have a lot of cash ready now and buying now into this right now, and will buy heavier as the price drops farther.

Current support level is $32K, then 28K, 25K, 20k (unlikely), then 18.5k (highly unlikely). That's the most extreme it goes.

[EE_]

Shami,

I read an article on yahoo that stated one sell order of 180 coins, dropped the bitcoin price by $1200. Seems to me bitcoin is or can be highly manipulated. If someone owns a lot of bitcoins, why not dump them on the market, then scoop them back up at a lower price?

This will be done over and over again. Classic pump and dump!

The people that just overthrew our government want your money in the stock market and bitcoin where that can control it, track it and skim it.
The don't want you to own physical gold and silver...but we all knew that already.

[Shami-Amourae]

This will be done over and over again. Classic pump and dump!

The people that just overthrew our government want your money in the stock market and bitcoin where that can control it, track it and skim it.
The don't want you to own physical gold and silver...but we all knew that already.


https://www.youtube.com/watch?v=XbZ8zDpX2Mg


https://www.youtube.com/watch?v=o4JEVCLJxDw

[ImaCannin]

EE,
Your avatar cracks me up!

I use to work with an older gentleman of 72. He was always giving me a hard time . On his birthday, I bought him a blow up doll and hand cuffed her to his passenger seat In His work truck, where she rode all day. We named her OH Oh because of the shape of her mouth..

Thanks for the walk through memory lane!

[Shami-Amourae]

EE,
Your avatar cracks me up!

I use to work with an older gentleman of 72. He was always giving me a hard time . On his birthday, I bought him a blow up doll and hand cuffed her to his passenger seat In His work truck, where she rode all day. We named her OH Oh because of the shape of her mouth..

Thanks for the walk through memory lane!


No-Coiners cope in the most silly ways.

[EE_]

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

What is happening right now is the same people that pumped bitcoin are putting out numerous articles that bitcoin is going to crash, to drive the price down.
Soon they will buy it back. Each time they do this it will damage public sentiment for owning these scam crypto digits. Greed and fear...over and over, again and again.

[EE_]

What is happening right now is the same people that pumped bitcoin are putting out numerous articles that bitcoin is going to crash, to drive the price down.
Soon they will buy it back. Each time that do this it will damage public sentiment for owning these scam crypto digits. Greed and fear...over and over, again and again.

Note: crypto digits are not a currency.

The wall street pump and dumpers understand human psychology and greed well.
Their psychology is to get rich as fast as possible without looking at anything long term. They won't be able to resist taking bitcoin down at every point they can make a big haul. This psychology of greed does not bode well for a long term healthy market. Once they destroy the crypto digits, they will move onto the next scam.

[Shami-Amourae]

Note: crypto digits are not a currency.

Agreed.

Bitcoin is money. It's more valuable than Gold. It's the hardest money in human history.

Right now the Gold price is going sideways. Have you noticed that? The reason is because rich people are selling physical Gold and buying Bitcoin. I'm not joking.
https://dailyhodl.com/2020/12/19/51-billion-finance-giant-jefferies-selling-gold-for-bitcoin/
https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin

Gold used to be considered a store of value and a monetary metal. It's being phased out and replaced by Bitcoin. This is like when the horse was replaced by the automobile. Get with the times or stay poor.

[EE_]

Agreed.

Bitcoin is money. It's more valuable than Gold. It's the hardest money in human history.

Right now the Gold price is going sideways. Have you noticed that? The reason is because rich people are selling physical Gold and buying Bitcoin. I'm not joking.
https://dailyhodl.com/2020/12/19/51-billion-finance-giant-jefferies-selling-gold-for-bitcoin/
https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin

Gold used to be considered a store of value and a monetary metal. It's being phased out and replaced by Bitcoin. This is like when the horse was replaced by the automobile. Get with the times or stay poor.

I won't argue it was smart to get in in the beginning, now you have to assume a lot of risk and hard earned cash to make a good return.
Many of us are sorry we didn't buy at $4, or $40. Water under the damn. This is a big boys game now.

Add, if Trump doesn't pull out a win for our country, all is lost. We are looking a complete collapse of America and a global great depression.
If we collapse the dollar will go with it. Gold, silver and bullets will be last man standing.

Pay attention now, this is important. At this time, Big Tech is in control, they have just showed the world that they can shut down anyone and anything.
In DC the cell service and wifi was temporarily shut down on the 6th. Warning, this is not a game anymore.

[Shami-Amourae]

If we collapse the dollar will go with it. Gold, silver and bullets will be last man standing.

You need to understand that the world is becoming completely digitized. Because of this things like cash will not exist. The only way you'll be able to freely preserve your wealth, and have private transactions is with crypto. Banks will cease to exist due to crypto. Once DAOs and DEx's become mainstream the entire structure of the business and financial world will be changed where all the Bankers and Central Planners will lose their power. The technology exists now, and it's being improved on daily, and more and more people will adopt it.

You're still earlier than 99% of people if you get in now on crypto. You're just not as early as the 0.0001% that got in earlier. Bitcoin likely willl become the world reserve currency of many nations and eventually the world as all these governments print to oblivion. Through the ashes a new decentralized world will emerge free of tyrants and technocrats.

I do agree your potential gains in Bitcoin aren't as high now as back then, but when you consider the Dollar likely will hyper inflate you can't wait any longer. If you still want to get in early on things I do mention some altcoins that should do good. Kusama is probably the smartest thing to buy this second.


Ammo should do extremely well as an investment. Silver should 10x in the next few years. Gold likely will do good but be the worst performing.

[Hitch]

Thanks Shami, hope you make out big doing that.

Quick story, when the markets crashed last march, a couple of coworkers and myself, 3 of us, were talking about making purchases. One guy bought Ford stock for $4.20 a share, he did good. I bought a high paying dividend stock of a food company. This company has a long record of always paying dividends, and I bought in at a 12% dividend. I did good on that, of course food staples would do during Covid.

The winner was the 3rd guy. He was going to buy 2 bitcoins if the price dropped to $4000. It did drop to that price, but family issues kept him from buying. He would have done great. But, this guy already owns a couple of bitcoins. His mindset is like yours, just hold on to them, and now those coins are worth over 70k.

Like you, I'm sitting on some cash for the next crash. A stock market crash should drop the price of bitcoin, right? It seem to do that last March. I may buy one bitcoin at some point, just to own it, and see what happens. The price has to drop quite a bit for me to want to do that though.

[Shami-Amourae]

Like you, I'm sitting on some cash for the next crash. A stock market crash should drop the price of bitcoin, right? It seem to do that last March. I may buy one bitcoin at some point, just to own it, and see what happens. The price has to drop quite a bit for me to want to do that though.


The stock market is 100% fake. In Venezuela and Zimbabwe their central banks flood money into their stock markets and keep it afloat. The same thing happens with our stock market. Sometimes they do oopsies and it crashes.

If there's a liquidity crisis sure Bitcoin will possibly crash, but its less correlated with the stock market lately. I think any dumps will be bought up very fast as rich people know hyperinflation is finally coming, and they'll buy any asset they can they believe can keep up or beat inflation (this includes Gold and Silver.) Bitcoin is the fastest horse.


https://www.youtube.com/watch?v=1rgmtVI3ISc

I can give you altcoin picks if you guys want, but as I said previously, Polkadot and Kusama should both do good. Same with Monero. Kusama and Monero were almost completely uneffected by this dump today.

[Hitch]

While I agree with you the stock market is fake, in a sense, completely over valued, consider retirement accounts. Most folks have work related retirement accounts, myself included, that are very limited in choices of what to put into. Mostly stocks. The amount nationwide is somewhere around 7 trillion dollars. During a hyperinflation event, money is going to pour into stocks driving the market up.

I think stocks, gold, crypto, it's all going up. Some more than others, but unless retirement accounts open up to allowing people to save in cryptos, the stock market has a very strong base to keep moving forward.

[EE_]

You need to understand that the world is becoming completely digitized. Because of this things like cash will not exist. The only way you'll be able to freely preserve your wealth, and have private transactions is with crypto. Banks will cease to exist due to crypto. Once DAOs and DEx's become mainstream the entire structure of the business and financial world will be changed where all the Bankers and Central Planners will lose their power. The technology exists now, and it's being improved on daily, and more and more people will adopt it.


Going cashless is an end game scenario. You will do just as the overlords say or they will cut you off.
Yes, technology is improving->(subjective term) so much, that the people at the controls will be able to target individuals to shut off their internet access.
If you think you can beat them by using other accounts, you may be disappointed. They will tell you if and when you can trade crypto digits.
We are going somewhere only thought of in syfy movies.

[Shami-Amourae]

They will tell you if and when you can trade crypto digits.
We are going somewhere only thought of in syfy movies.

Do you even know what a DEX is? They exist right now. The most widely use crypto exchange is a DEX (UniSwap), and it CANNOT be shut down since it's decentralized. It has more volume going through it than anything it its run by like 4 guys. Coinbase has a huge centralized company with a large building, and about 1k employees. Decentralized institutions and organizations (DAOs) are the future. You can not literally run an entire financial system with a few people maintaining it with decentralized technologies and it's uncensorable.

UniSwap is taking all the market share from centralized exchanges. Wait till PolkaSwap launches in the coming months, and you'll see it explode further.

Ever thing the Technocrats come up with to control us the Cyberpunks come up with a solution to, and we are winning more and more. The establishment is increasingly bold and desperate.

DeFi allows you to have decentralized titles, loans, mortgages, and so on. We are replacing every single function of the centralized financial system, and pretty soon one DAO's are mainstream the regulators wont have anyone to go after anymore.

[EE_]

Do you even know what a DEX is? They exist right now. The most widely use crypto exchange is a DEX (UniSwap), and it CANNOT be shut down since it's decentralized.

They are taking all the market share from centralized exchanges.

Ever thing the Technocrats come up with to control us the Cyberpunks come up with a solution to, and we are winning more and more. The establishment is increasingly bold and desperate.

DeFi allows you to have decentralized titles, loans, mortgages, and so on. We are replacing every single function of the centralized financial system, and pretty soon one DAO's are mainstream the regulators wont have anyone to go after anymore.

I don't care about all that, they can shut YOU down and you will not be able to hide from them.

Everything you talk about is to subvert "their" system. This will not be allowed.

I think the next currency will be blood and there will be no shortage of it.

[Shami-Amourae]

I don't care about all that, they can shut YOU down and you will not be able to hide from them.

Possibly, but I'm technologically on the cutting edge and know far more the than government and regulators.

The government is going to be busy chasing Trump supporters, Right-Wingers, and Christians in the coming years. I'm none of those things.

Are you using a VPN right now? Since I am.

[Shami-Amourae]

Some more than others, but unless retirement accounts open up to allowing people to save in cryptos, the stock market has a very strong base to keep moving forward.

Retirement accounts, family offices, and insurance companies are buying Bitcoin right now.

[vacuum]

What are the best ways to get into crypto?

Is this a good way?

https://bnktothefuture.com/

[Shami-Amourae]

What are the best ways to get into crypto?

Is this a good way?

https://bnktothefuture.com/


Coinbase if you're new.

It has the highest fees, but it's user friendly, the most regulated, and the easiest to connect your bank to.

No idea what that link is, I'd avoid that.

Kraken and Binance US are good too, but Binance is blocked in some US states for some reason.

[Shami-Amourae]

This may be the last chance you have to get Ethereum under $1,000, before it goes to $10,000.

Just saying.

[jbeck57143]

There's a video at: https://www.youtube.com/watch?v=-kXwcwjMiMQ

about "How to Determine the True Value of a Stock" and in the comments people are recommending traders they invest in Bitcoin with. They all use WhatsApp. Some of the comments from when I first saw the video have been removed. At least one of the traders mentioned turned out to be a scam. Is it a good idea to use a professional trader?

[midnight rambler]

The earliest to get in on any pyramid scheme are always anxious to get others onboard.

Bitcoin is NOT money, anyone who thinks so is delusional.

[Shami-Amourae]

There's a video at: https://www.youtube.com/watch?v=-kXwcwjMiMQ

about "How to Determine the True Value of a Stock" and in the comments people are recommending traders they invest in Bitcoin with. They all use WhatsApp. Some of the comments from when I first saw the video have been removed. At least one of the traders mentioned turned out to be a scam. Is it a good idea to use a professional trader?


Here's a cheat sheet:
https://digitalik.net/btc/

[Shami-Amourae]

Update on everything that's going on:


https://www.youtube.com/watch?v=BHs8zbMLK3I

Crypto Zombie is the best crypto YouTuber in my opinion. I've made a ton of money on his calls.

[Shami-Amourae]

I think the bottom is in.

[Hitch]

Shami, what do you think of GBTC? Grayscale bitcoin trust. It's traded on the market and has 6.75 billion market cap. Seems like it's the bitcoin version of gold's GLD.

[Shami-Amourae]

Shami, what do you think of GBTC? Grayscale bitcoin trust. It's traded on the market and has 6.75 billion market cap. Seems like it's the bitcoin version of gold's GLD.

That's for rich people who can't spend 5 minutes getting on Coinbase and sending their Bitcoin to an Exodus wallet. The only real benefit for rich people is they can buy a lot without effecting the markets, but the custody fees are super high, and it's just stupid since you can just hold your own Bitcoin for free.

Grayscale (I've mentioned them many times before), are buying up 100% of the mining supply coming onto the market, and maybe 6x more than that on the retail market too.

Grayscale is basically for rich Boomers to put things bluntly, so avoid it. It's good for driving up the prices currently, but they can't manipulate the Bitcoin like Wall Street does with Gold since Bitcoin is a fixed supply and no one knows the total supply of Gold. Gold is a hyperinflationary asset, meaning as technology improves it will become more and more worthless (wait till robots mine on asteroids!)

[midnight rambler]

I think the bottom is in.

In 1929 one Wall Streeter noted that an elevator operator in his office building was all excited about his (the elevator operator's) stock portfolio. That's when he knew it was time to sell all his stocks.

[Shami-Amourae]

In 1929 one Wall Streeter noted that an elevator operator in his office building was all excited about his (the elevator operator's) stock portfolio. That's when he knew it was time to sell all his stocks.

I think we'll get there by around October. It's mostly institutional FOMO right now. Many different institutions are waiting for regulatory clarity to get in, and many are doing whatever they can to manipulate the markets lower. Normies will start buying at $100,000. That should drive the price up to around $250,000 possibly.

This is the first 30-40% correction of this bull run.

The last 2017 bull run had 9x 30-40% corrections.

[midnight rambler]

Normies will start buying at $100,000.

The love of money is the root of all evil.

I can literally create money, REAL money, out of thin air using my wits and hard work. That's not a phantasm like bitcoin.

[Shami-Amourae]

The love of money is the root of all evil.

I can literally create money, REAL money, out of thin air using my wits and hard work. That's not a phantasm like bitcoin.

Holding Dollars will be worse with all the hyperinflation going on.

[midnight rambler]

Where did I say anything about holding FRNs??

[Hitch]

That's for rich people who can't spend 5 minutes getting on Coinbase and sending their Bitcoin to an Exodus wallet. The only real benefit for rich people is they can buy a lot without effecting the markets, but the custody fees are super high, and it's just stupid since you can just hold your own Bitcoin for free.

Grayscale (I've mentioned them many times before), are buying up 100% of the mining supply coming onto the market, and maybe 6x more than that on the retail market too.

Grayscale is basically for rich Boomers to put things bluntly, so avoid it. It's good for driving up the prices currently, but they can't manipulate the Bitcoin like Wall Street does with Gold since Bitcoin is a fixed supply and no one knows the total supply of Gold. Gold is a hyperinflationary asset, meaning as technology improves it will become more and more worthless (wait till robots mine on asteroids!)

I was thinking about Grayscale because it would get me at least exposed to bitcoin. I like the fact I can buy, and sell it, without any taxes being paid in one of my retirement accounts (roth ira). If it follows the price of bitcoin, which it should, they own over 500,000 bitcoins in the trust, I'd be fine with that. I know they have fees and I'll have to look into that. Seems there's a premium added to the share price.

I could get a wallet, learn, and buy from coinbase. I just am concerned about hackers stealing, .gov noticing bank transactions and asking questions, etc. It almost seems like money laundering in a way, actually owning the coins. Yet, millions do it, so it's probably me and my lack of tech knowledge. The advise "invest in what you know" applies here. Bitcoin, and cryptos, just go over my head. I'd be an easy target for thieves and I'm getting too old to learn things the hard way like that.

I really do appreciate your contributions on bitcoin, Shami. You've always been straight up with us.

[Shami-Amourae]

I was thinking about Grayscale because it would get me at least exposed to bitcoin.

Wait till they start deplatforming you from your bank for being Right-Wing. That has already happened and will pick up pace once Kamala is in office.

That will come too.

Holding your own Crypto is the only chance you have for financial freedom. On top of that you can't sneak your Gold/Silver out of the country easily. You can remember the seed phrase of your crypto wallet, be thrown in jail stripped of all your assets, then recover your funds with your seed phrase you remember in your head once you get out. You can't do that with anything else. You don't own your Grayscale Bitcoin, that can be stripped from you from a central authority if they disagree with you on anything.

Also Monero will be super important too since it can't be tracked by anyone. You'll be able to buy whatever Black Market documents, vaccine certifications, passports, guns, and so on that you need to survive in the NWO.

If you think this deplatforming ends with just harmless posts to social media you haven't been paying attention, they want you destitute with no where to turn. Part of why they are doing this is they need an external enemy of desperate destitute people to fight against to keep people in line.

[Shami-Amourae]

I think the bottom is in.

I nailed it to almost the minute.

I believe there may be a further retracement in the coming days if we're in a dead cat bounce or the SEC drops some bad Tether news, otherwise markets should stabilize for now.

The $25K retracement level is still in play since the Stock to Flow model shows Bitcoin should be at $40k by early April.

[vacuum]

Shami, whats the best wallet or way to hold bitcoin?

Hardware wallet?

Whats the best laptop setup for it?

[Shami-Amourae]

Shami, whats the best wallet or way to hold bitcoin?

Hardware wallet?

Whats the best laptop setup for it?

It depends what coins you're holding.

If you're new just go with Exodus or Atomic. I use both.

You can have your same account on your Smart Phone and PC. You just need to remember your seed phrase.

https://www.exodus.io/
https://atomicwallet.io/


https://www.youtube.com/watch?v=GvPLN8pe_IY

https://www.youtube.com/watch?v=OoqiL9xA2aM

Both have atomic swaps (you can exchange different coins anonymously) and staking built into the wallets so you can swap out your coins for others and stake them for more coins while holding them. Only use wallets that give you full access to your private keys. Both of the mentioned wallets do that, so they are at the top of my list.

You'll want Metamask if you're holding Ethereum and want to trade tokens on UniSwap, but you'll need a browser that supports it (I recommend Brave). Watch tutorials on YouTube if you go that far, though don't do it unless you know what you're doing first. Fees for Ethereum are super high right now so it's best to avoid unless you're confident.

[Shami-Amourae]

Here's my top crypto picks currently for things I hold myself that I recommend holding. I hold many other coins, but the following I believe are all solid investments that are safer plays. I can mention riskier plays if you want.

Bitcoin (Store of Wealth)
Ethereum (Smart Contracts)
Polkadot (Smart Contracts)
Cardano (Smart Contracts)
Monero (Privacy + Black Market)


Things I don't hold yet, but eyeing. Both of these could outperform everything above.

Stellar (Jack of Trades)
Kusama (Smart Contracts)

[aeondaze]

I can mention riskier plays if you want.

yes please, and a pithy explanation why you like it if thats not too much trouble

[Shami-Amourae]

yes please, and a pithy explanation why you like it if thats not too much trouble

One of my biggest holds is Sora. I'm a fan of the creator and project since the dudes a total weeaboo White guy who cosplays as a gook (I view that as a good thing since I'm a weirdo too.) He and his team are working on PolkaSwap, which will be a UniSwap killer, but it will be built on Polkadot. It potentially could be the biggest crypto exchange in the world within a year or less if you know the fundamentals. Sora also has plans to build the first decentralized governments (no joke). The leader is someone I can identify with so it's sort of a personal thing too since we see eye to eye on so many things.


https://www.youtube.com/watch?v=7DaqrH60u9g

Another is xDai Stake. This is a 2nd layer solution for Ethereum, meaning it's like another blockchain within a blockchain that has like almost 0 fees. The crazy thing about it is it's one of the most used Blockchains in the world after Bitcoin and Ethereum, but there's been crazy whales dumping prices super low. It should be in the top 10 with its usage. It lets you convert and trade tokens on Ethereum for almost free, while Ethereum transaction prices can be $10-$100 sometimes. It's a very unusual situation that I literally cannot understand since it works beautifully. Very high risk since it simply just doesn't get investor adoption, but people really do use it more than most of the top 50 cryptos.

You'll need to use UniSwap and MetaMask to invest in either of these projects. Both of these projects are high risk/high reward so don't hate me if you lose money in them.

[aeondaze]

Both of these projects are high risk/high reward so don't hate me if you lose money in them.

Shami, as others have said, you have been very upfront with us old farts here for ages, i would never do that, besides I'm just trying to get my feet a little wet to begin, ain't bettnig the house or anything silly. Really appreciate your musing here :thumbsup:

[Shami-Amourae]

There's a head and shoulders pattern forming in the charts.

Basically the price breaks down if we break below $33-32k.

That means the price potentially could dump to the low to mid 20K levels in the coming weeks.

I could be wrong too, but it just looks that way right now. This may be your last chance to get in at these levels too.

[Shami-Amourae]

Wall Street banks are now blocking pro-Trump Republican politicians.

These retards are speeding up the mass adoption of Crypto.

Expect banks to start blacklisting you if they find out you're Christian or said something mean about gay people online.

https://www.breitbart.com/economy/2021/01/11/wall-street-blacklist/