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OfflinegeokillsA
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #28627008 - 01/19/24 10:31 AM (9 days, 7 hours ago)



Grayscale continuing to unload, sent another half billion of BTC to Coinbase this morning.  This might take a while, considering they hold billions, and their fund incurs up to 10X the expense ratio of the other low cost ETF's that have recently become available, so if they don't lower their management fee, we might see close to the whole fund getting washed out.  Further capital flow restrictions from banks that have yet to allow clients to trade the ETF's isn't helping the matter.

The only glimmer of short-term hope is that we bounced above $40K a few moments ago.  A break below $40K and we might see a pretty quick mass liquidation event to flush leverage out to the downside.

I've been steadily buying more SOL, at favorable rates to where I sold north of $102, but still a waiting game overall.  Hanging out one more buy order down at SOL $75 just in case we see a big flush, but that'll be the extent of my near term buying.  Otherwise, ready to buckle up and ride the lightning, whichever way it wanders.


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··∙   long live the shroomery  ∙··
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OfflinegeokillsA
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills] * 2
    #28635529 - 01/26/24 11:26 AM (2 days, 6 hours ago)

Solana really doing some great things: here.


   

Added a little more SOL today. The fact that the recent lows didn't tag the bottom of the channel makes me wonder if we could see a bonafide breakout.  Of course, we might still be in for that longer duration cup and handle formation I highlighted several days ago.

Quote:

geokills said:
SOL starting to look like it's morphing from a pennant flag into now forming the base of a cup & handle, which if it plays out in a nice and symmetrical way, would have us building the handle in early February.  Just conjecture of course, but we've been printing the left side of the "rounded bottom" cup for the last 3 weeks or so.  Was hoping for a quicker breakout from the pennant, but I guess that's not in the cards.  Gotta take what the market gives you.








Technicals notwithstanding, Solana is by far the most exciting blockchain project present day, in my view.  Their level of active development, user growth relative to front runners like Ethereum, ease of use relative to speed and transaction costs, including forays into consumer grade tangible products such as the phone as well as the complimentary Solana based Helium token-incentivized distributed mobile/WiFi network, not to mention their forward thinking approach toward ensuring relevant compliance in regulatory burdensome jurisdictions through the implementation of token extensions (link at the top of this post).

I'm not one for hard targets, but I am loosely expecting Solana to move up toward $500 this cycle, and even that level won't yet bring it to parity with Ethereum's valuation.


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OfflinegeokillsA
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ManianFH] * 1
    #28636796 - 01/27/24 11:18 AM (1 day, 7 hours ago)

Jupiter DEX on Solana flips Ethereum's Uniswap DEX in volume.




Solana daily active addresses... 'nough said! :rocket:





BTC daily active addresses also hitting a new high.




Interesting correlation between crypto and global liquidity.



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Offlinetomnl
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ManianFH]
    #28636927 - 01/27/24 01:14 PM (1 day, 5 hours ago)

21 fresh titanium Squirrelbits coins just dropped on Bitcointalk collectibles forum.
Sold out in minutes...







Greets Tom


--------------------
Been away so long I hardly knew the place
Gee, it's good to be back home
Leave it till tomorrow to unpack my case
Honey disconnect the phone
I'm back in the USSA
You don't know how lucky you are, boy
Back in the US
Back in the US
Back in the USSA


Edited by tomnl (01/27/24 01:15 PM)


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