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deadwk
00101011


Registered: 06/17/09
Posts: 8,890
Loc: Canada, eh?
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: eLeSDenes] 2
#26485800 - 02/14/20 05:21 PM (3 years, 11 months ago) |
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@eLeSDenes Thank you! Hell yea that is a nice choice of reusing the excess heat generated. One of my friends grows mealworms, and was suggesting that as a method of reusing the heat that's generated.
@Logical: Yup, we started this operation way back when crypto was on a fucking moonrun. We've paid off the initial investment, and have just been letting it run collecting ETH so that way when ETH2.0 starts we can have a fuckton of validators.
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Gypsy Boy
Redeemer



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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ManianFH] 2
#26491610 - 02/18/20 11:30 AM (3 years, 11 months ago) |
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Just as I sold tezos after a double dip I see it shoots up by 15%!!! I'm a damn ass
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BayerPhi
Always Learning


Registered: 05/28/12
Posts: 1,884
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Gypsy Boy] 2
#26492867 - 02/19/20 06:05 AM (3 years, 11 months ago) |
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Quote:
Gypsy Boy said: Just tried using my hardware wallet.
Transferred 50 lumens but forgot to include XLM memo, funds got lost 
Bro...
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Gypsy Boy] 2
#26494131 - 02/19/20 09:41 PM (3 years, 11 months ago) |
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Nothing goes up in a straight line. $10,000-$11,000 BTC is a pretty major point of control that was carved out through 2019 after BTC fell back from last year's highs at $14,000. You don't typically just blast through price areas that have seen a lot of trading volume in recent memory. In a healthy market, you at least pause and trade sideways for sometime, more typically the first attempt is rejected and falls back to a lower, shorter-term support level before consolidating and making another attempt at breaking through. This can go on for a while.
While crypto is known for moving very quickly, as it matures it should begin trading more conventionally. Because retail order books are still fairly thin and there is a lot of algorithmic trading going on, a broken support or resistance level can lead to rather violent short-term follow through. While I wouldn't like to see it, BTC could easily test $9,000 and have no technical chart problems with its current uptrend, so long as it made it higher than $9,500 on its subsequent bounce.
Tezos is shockingly strong in the face of this, which is encouraging for upside continuation. The relatively thin volume on Tezos is working in its favor, as it doesn't take a whole lot of buying pressure to push the price higher quickly. If its trading volumes were more in line with the majority of the Top10 cryptos, I would expect it to have a very difficult time passing $4 in the near term; However given the thin volume, it could very well blow through that level and take a run to $5 by the end of the month. Note: I am not expecting that and do not advocate buying at this level unless you are a very experienced day trader well versed in risk management. The chart is technically stretched and due to trade sideways or pull back, and while it doesn't show any weakness right now, when it does rear its head, it will likely happen faster than you'll be able to send to an exchange. If you are managing a trading position in XTZ, keep a stop below the daily low, currently $3.50.
In other news, I would really like an opportunity to accumulate some Chainlink (LINK). The not one but two hacks on bZx, a prominent decentralized-finance (DeFi) protocol, that occurred between Valentine's Day and President's Day, occurred in large part due to the reliance of DeFi contracts on single point oracles (an oracle is a provider of real world data). This indicates that oracle protocols like Chainlink that aggregate data from multiple sources, and thus cannot be as easily manipulated, will almost certainly have to be implemented across the entire DeFi sector. This is something I figured would happen a long time ago, back when I was involved with ZAP, but ZAP's administration fell behind whereas Chainlink seems to have their house in order. I only wish I hadn't lost sight of the thesis until now. That trade has already been well on the move, with Chainlink performing similarly to Tezos, as two of the best performers so far this year. On weakness, I would look to be buying LINK, preferably on a test of $3.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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sh4d0ws
LSx


Registered: 02/26/08
Posts: 12,086
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ManianFH] 2
#26502852 - 02/25/20 09:54 AM (3 years, 10 months ago) |
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well, seems a good time to buy the dip
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eLeSDenes
Mycelium Expander




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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: BotanyChild] 2
#26512018 - 03/01/20 09:36 PM (3 years, 10 months ago) |
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I just opened a long on btc and bch, let's see how it goes
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Grimsweeper
don't fear the sweeper


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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: BotanyChild] 2
#26514046 - 03/03/20 06:42 AM (3 years, 10 months ago) |
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Been pretty boring for a couple weeks. Not quite low enough dips to buy and not high enough to sell.
-------------------- When you clean a vacuum cleaner you are a vacuum cleaner Build yourself a Flow Hood in these 99 simple steps
 
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ManianFH
living in perverty



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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Gypsy Boy] 2
#26522424 - 03/07/20 03:45 PM (3 years, 10 months ago) |
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I think for a newbie looking to buy and hold, you might want to consider going with BTC straight up. There are some people who might disagree but I think its about the best safespot that with a decent (though not guaranteed) record of improving value over time. Keep in mind any of them could go to zero, so invest your 10k with the understanding that you might not see it again...
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: TonyMushrana] 2
#26522975 - 03/07/20 10:06 PM (3 years, 10 months ago) |
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Mick's recommendation is a good one. If you don't want to overthink it and loathe micromanaging, BTC all the way. For a more diversified but still fairly simple portfolio, I would suggest 40% BTC, 40% ETH and 20% XTZ. If you want a more aggressively diversified portfolio, I'd suggest allocating a minority stake to LINK and HBAR as well.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Grimsweeper
don't fear the sweeper


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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LogicaL Chaos] 2
#26524348 - 03/08/20 05:57 PM (3 years, 10 months ago) |
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Finally hit my new limit order for XTZ. Been waiting weeks for it to drop to $2.57. Let's make a run boys!
-------------------- When you clean a vacuum cleaner you are a vacuum cleaner Build yourself a Flow Hood in these 99 simple steps
 
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Northerner
splelling chceker


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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: viraldrome] 2
#26532150 - 03/13/20 05:53 AM (3 years, 10 months ago) |
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Even gold has taken a hit, there's no safe haven this time.
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The nearest we ever come to knowing truth is when we are witness to paradox.
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Shadowman
Stranger

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Gypsy Boy] 2
#26541150 - 03/17/20 04:40 PM (3 years, 10 months ago) |
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Looks like we are between anxiety and denial. I just dont see how this doesnt make us enter a recession. Thinks could get really really bad, the worst hasnt hit America or the UK yet. I doubt we will contain this much, we didnt really learn from Italy. Spain looks like its numbers are about to go parabolic
Although this is awful, and equally bad to say, these markets will bring opportunities to buy cheap and make good return. It is just a patience game, I cannot see how this could be the bottom. I am setting bids for Ethereum for $50.. will be a steal at that price
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geokills
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills] 2
#26591266 - 04/10/20 02:50 PM (3 years, 9 months ago) |
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Just thought I'd put this here...
Quote:
Choose your Fiction Source: Arthur Hayes on the BitMEX blog 9 Apr 2020
Shazaam! You snap your fingers and COVID has disappeared, you can exit lockdown and continue on with your life. How do you feel? Are you as optimistic as you were in January? Do you trust your government to put your health and safety first? Do you trust your government to tell you the truth in a timely manner, or will it juke the stats when it suits them? Do you trust the media to speak truth to power? Will you wash your hands once an hour furiously, or blithely touch your eyes, nose, and mouth with zero fucks given?
If, once we’re out of this, you can honestly say that everything has gone back to how it was in early January of this year, then happy days. It may well be that we are in for a V-shaped economic recovery. But if, as I believe, your world view has fundamentally changed, the fictions that underpinned your life have shifted dramatically. As we consider the most important price, the price of money and its nature, predicting the collective fiction we believe in becomes of utmost importance.
Money, true money, which is divorced from industrial utility, is nothing more than a fiction which allows us to exchange labour and capital efficiently so that real goods and services can be produced. Without this fiction … the conveniences of modern society would cease to exist. There are three prevalent monetary fictions whose interrelationships post-COVID will completely change.
Government Fiat, aka The USD = Fiction + Violence
We know the USD has value because contracts and taxes owed will be collected at the barrel of a gun if necessary. The dollar derives value from a strong belief the United States can raise taxes to pay back its debts.
Gold = Fiction + Physical Scarcity
Gold has no widespread industrial use case. It is just shiny, physically scarce, malleable, and has captivated human attention for millennia. Therefore it has value.
Bitcoin = Fiction + Cryptographic Scarcity
Bitcoin has value because a piece of open source code is collectively run by many guarantees that only 21 million units will ever exist. Therefore it has value.
After the senseless destruction of human lives in WWII, the victors sat down in Bretton Woods and created the modern financial system underpinned by the USD. We still are under the yoke of the USD today.
The USD used to be worth its weight in gold, $35/oz to be exact until 1971. Tricky Dick wanted to fight a war while giving out goodies at home. “Free Shit, Vote for Me!” That’s the best way to win any election. However, he couldn’t stomach a run on the nation’s gold so he severed the relationship. Since then, the value of USD has depended entirely on trust.
Fast forward to January 2020. The US has the most liquid financial market and is completely open to all capital. All major commodities and trade is priced in dollars. Therefore if you are a country or company doing international business you must have access to those dollars.
That’s great for everyone when the beat is going strong. The Federal Reserve has a global obligation to keep dollars in good, cheap supply. That is why they have FX swap lines with the major central banks. The world is short on the dollar and only demure academic-looking Federal Reserve governors can provide them.
Countries and companies can easily earn dollars by selling knick knacks to rich Americans. 70% of American GDP is driven by consumption. It makes the world go round. Hundreds of millions of peasants have been lifted out of abject poverty so that they can produce cheap iPhones, AirJordans, or F150s, all so the parent “American” company can enjoy record profit margins.
Europeans are not far behind in their consumption. Europe and America combined represents the global demand for goods. Absent them, who the fuck is going to buy this dog shit at insane markups?
Deng Xiaoping on his Southern Tour unleashed the Chinese upon the world after a hundred year hiatus. They began powering the luxury goods, travel, and education sectors after gaining serious wealth from the offshoring of manufacturing from West to East.
Sorry for waxing philosophical, I’m no modern day Thoreau and I certainly don’t live on a pond. Keeping it simple: China sells shit in dollars that Americans and Europeans buy.
Uh oh, COVID… China shut down production to fight the virus, meaning no dollar income. Then Americans and Europeans caught it and shut down their economies, meaning no more demand.
Once China “opened” again for business and started making stuff, there were no orders from the West as they were all watching PornHub at home and ordering GrubHub. If they aren’t vegging-out, they’re worried about when their next paycheck will arrive to pay for fuck-off expensive medical care. The moral of this sorry tale is that China ain’t earning dollars.
And they are not alone. No major manufacturing or services hub is earning any dollars. But they need them to pay for raw commodities and to pay back their dollar liabilities. It would be all gravy if their central bank could print dollars, but Mon Dieu! They cannot lah.
A mini EM currency meltdown occurred at the tail end of March. The Fed’s response was to offer swap lines to additional central banks, but not China. That has eased the pressure a bit. But take a look at the CDX EM HY CDS spread. It looks like a West Hollywood blowout hairdo.
The conventional wisdom is that the Fed can print money until the dollar gets cheap enough. But US banks tend to hoard USD and refuse to lend. There are a variety of regulatory reasons why they cannot, and why take the risk during a global depression. Better to be safe and make sure your balance sheet is rock solid.
Simple simple. The Fed can print as much USD as it likes, but the companies and countries that need it the most will not get it. The most important one is China. China’s currency is not convertible and in the eyes of Western Europe and America, it was responsible for this virus. Whether that is true or not is not the point. Do you think for a second any US politician would stand up and ask the Fed to print money so the Chinese economy can survive the COVID pandemic?
The virus supposedly originated in a Wuhan live animal market. The West believes Beijing downplayed or lied about its severity. Then, all of a sudden, it shut the country because it was a serious problem. Too bad a few million infected Chinese travelled the world and started the party. Truth is not the point here; the narrative rules all. This is an election year, and China bashing is in full swing. Cue The Seinfield Soup Nazi, “No dollars for you”.
The USD is STRONK and will destroy the global economy.
The only country which can credibly enact the appropriate amount of fiscal stimulus to weather the storm is the US. No other country has the option to depreciate their currency to the degree necessary to generate economic activity at a level which honours the credit in the system and promises to their plebes. Remember that all raw commodities are priced in dollars, if you print too much money to monetise your government debt, your currency craters and inflation runs rampant. At that point, the Jacobins enter the street and you better not be munching on a cake.
That summarises how I see events playing out over the next decade. I have no idea on timing, but the strong USD will break the back of the global economy and force a reset. The question is what the new system will look like.
Gaze into my portfolio to see my soul: Long USDCNH 2y 8.00 calls Long USDKRW 1y 1600 calls Long CDX EM CDSI Sprd (I don’t have this on yet, but I’m waiting for my levels on the rebound in markets)
Central banks will devalue against a hard digital asset. What that digital asset is, I have no clue. But, it may include a linkage to bitcoin.
The USD fiction is over. It’s time for a new mental crutch.
Do you believe in Physical or Cryptographic scarcity?
After a societal fetish for all things fiat, the pendulum will swing wildly towards what is hard and scarce. Traditionally investors expect a weak gold or bitcoin price when the dollar is strong.
But dollars cannot be had, and trust in government Frankenstein currencies will evaporate. Gold is the historical best choice. It also is widely owned by central banks. The best way to rebase a currency is an extremely high gold price. This happened during the 1970’s oil crisis, and the Fed raised interest rates to a level where it became silly to own gold when you could earn 20% investing in US Government debt.
This time around, the Fed cannot raise rates. That would destroy the finances of the USG who must hand goodies to all. Remember this is now QE 4 Da People / QE 4eva. The US electorate will not tolerate another exclusive financial services bailout. They will get paid to sit at home, watch NetFlix, aka the Tiger King, and refrain from using their assault rifles to initiate a modern day Whiskey Rebellion.
Therefore, there is not an alternative asset which entices people away from gold as the legacy of Bretton Woods system breaks down. The stock market of the Land of the Free will become a political tool. The US Treasury, powered by the Fed, will buy all government and corporate debt. They will buy equities. They will buy consumer loans. You would think that stocks are the place to be if the government is buying the Index. But let’s remember the Nikkei in 1989. The BOJ now owns upwards of 30% of the Japanese equity market, and the Nikkei is still 50% below its ATH. And I’m only speaking in nominal terms. Try deflating that by the BOJ balance sheet … REKT.
The once mighty US stock market will be a corral of zombie big corporates who had the connections to suck from the teat of the US tax payer. That wouldn’t be so bad if inflation can be kept at bay. However, as the world recovers we have an infinite amount of fiat currency chasing a finite supply of real goods. SMEs represent 60 – 80% of most countries’ economies. These companies, due to their small size and limited connections, pay a high price for credit if it can be obtained. Even with all the well meaning government SME lending programs, a large portion of SMEs will no longer be in existence by the time they can actually access the funds. Complex systems do not recover in a linear fashion.
Therefore, an infinite amount of pledged fiscal and monetary assistance will chase non-existent supply. That leads to inflation. Global stock markets will also become political tools, not efficient allocators of capital. The wrong signals will be sent, the wrong goods will be produced. Can the hipsters handle a $40 smashed avo toast?
The best inflation hedge of human civilisation to date, gold, will be repriced higher. It’s the only thing you can own if you believe in Fiction + Physical scarcity. How high can it go? Take the ratio of the total amount of credit to base money. That multiplier serves as guidance to a possible future for gold.
Another possible outcome is the creation of a digital financial non-USD dominated system.
If they dare to come out in the open field and defend the [dollar] standard as a good thing, we shall fight them to the uttermost, having behind us the producing masses of the nation and the world. Having behind us the commercial interests and the laboring interests and all the toiling masses, we shall answer their demands for a [dollar] standard by saying to them, you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of [the USD].
Satoshi Nakamoto’s Democratic Convention Speech 2020
Will a cabal of central banks rebase their currency using a digital hard crypto? Maybe. Could there be a basket of digital fiat currencies where the central banks hold a sufficient amount of gold? Maybe.
All I know is the setup for bitcoin, the hardest form of digital money, could not be better. All manners of trust have evaporated. In order to solve for demand and supply destruction, governments will embark on the greatest fiscal stimulus binge the world has ever seen. It will not be paid for by tax receipts, it can’t be because 30% of the population is out of a job, it will be paid for by the printing press. The kicker is that, in order to hand money directly to the people, governments will have to digitise their currencies. That will educate the populace on digital money. Once they understand fiat digital money, they will seek out the hard version to avert the ravages of inflation. If you believed that Libra could educate the masses on the joys of digital currencies, just imagine when everyone on Basic spends their food stamps via a mobile app.
Remember, the supply of goods will be insufficient because of the SME destruction during the global shutdown. Inflation in what you need, deflation in what you want. Digital finance meets wealth preservation equals Bitcoin. ‘Nuff said.
That was a lot of words to get to that conclusion. Now let’s trade it.
Correlation One
In a global margin call, the market will find leverage and punish it.
In a global margin call, all liquid assets will be sold to finance holdings of illiquid ones.
In a global margin call, correlation = 1.
We are in the midst of a global margin call on all risky assets. The reason why every asset class gets the stick is that weak hands used leverage to juice their short volatility strategies.
The BitMEX open interest halved. Leveraged traders got carried out. Platforms who lent dollars to miners against bitcoin (errbody needs dollars), force sold as the market puked.
Leverage was punished, just like in every other asset class. However on a relative basis, Bitcoin in Q1 still outperformed the S&P 500. Its correlation with SPX reached a local high.
Leverage was extinguished on the downside. The BitMEX XBTUSD swap open interest is rebuilding slowly and, as traders get their sea legs and inflation expectations adjust, the search for inflation hedges will begin in earnest.
This is Act One of a global rebalancing. Every pocket of pricing distortion brought about by leverage will be exploited. Buy the dip at your peril.
Bitcoin will be owned unlevered. Could the price retest $3,000? Absolutely. As the SPX rolls over and tests 2,000 expect all asset classes to puke again. As violent as the Q1 collapse in asset values was, we have almost 100 years of imbalances to unwind the ancien régime. My end of 2020 price target remains $20,000.
Everyone knows the shift is upon us, that is why central bankers and politicians will throw all of their tools at this problem. And I will reiterate, that is inflationary because more fiat money will chase a flat to declining supply of real goods and labour. There are only two things to own during the transition to whatever the new system is, and that is gold and bitcoin.
If you think I’m full of shit, or a stark-raving Cassandra, remember what you believed in pre and post-COVID. Can your mental model revert back to January 2020? I will take my inflation adjusted pocket rockets (gold and bitcoin), and call your Bretton Woods seven two off suit. All in, mother fuckers.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: BotanyChild] 2
#26622777 - 04/23/20 04:11 PM (3 years, 9 months ago) |
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Yes, my crypto assets are on the rise again!

Still bummed about missing the BTC crash
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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geokills
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Psilosopherr] 2
#26656087 - 05/07/20 09:28 PM (3 years, 8 months ago) |
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A halving is a reduction in supply. If supply is reduced and demand remains equal or increases, price should rise. Of course, as these events are preprogrammed they are known in advance, so they should theoretically be priced in well in advance of/or leading up to their occurence.
While the deflationary premise behind a periodic halving of the block reward should help support prices, it's not something I bank on in any measure. The macro thesis behind bitcoin, and cryptocurrency in general, is a far more important influence on price. Staying long.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Asante] 2
#26807733 - 07/06/20 07:03 PM (3 years, 6 months ago) |
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I have added exposure to Tezos over the past two months. They are about to settle a class action lawsuit (for a pittance of their aggregate wealth) which should remove the onus from the SEC to prosecute them for an illegal securities offering. After the $25 million they are expected to pay out, they still have hundreds of millions of dollars left to nurture their ecosystem. Technically the price action is a little weak, but some meaningful support finally came in over the last 24 hours. That steep downward slope on the 20 day moving average is a concern, and where the price is topping out now, but that's just short term stuff anyway. I like the project.
Ethereum is still the most technically and fundamentally interesting to me right now.
And bitcoin... always bitcoin.
Same shit I've been saying since the first post of this thread
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills] 2
#26842898 - 07/24/20 03:18 PM (3 years, 6 months ago) |
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Quote:
geokills said: Just a quick post to note that BTC volatility has contracted significantly. At around 4%, this is about as tight as I've seen the bollinger bands get. Volatility is cyclical. Traders should be ready for a big move, when a base is built this tightly, the subsequent breakout is typically very fast with a lot of follow through.
Specifically, this means that if you have a large trading position in BTC, you should exit or at least lighten up significantly if price breaks to the downside (conservative traders could use $9K as their stop, but I think $8,800 is more appropriate given the generally higher volatility of this asset class). A move above $9,500 would be an initial buy signal that should quickly test resistance at $10,000. A move above $10,350 would be a secondary buy signal, and $10,500 would be, in my view, the last level of resistance to surmount before a big move higher.

$9000 support has held and we are starting to see what looks like an upside breakout in BTC as price has broken above $9,500 and is marching along the upper and expanding bollinger band. My only problem here is that volume is fairly pathetic and we haven't actually broken out of the trading range of the past three months, even as we are starting to breakout of the volatility squeeze. I would want to see trading volume spike significantly higher to increase my confidence in an attempt to blow through $10,000.

Ethereum on the other hand, is in the midst of a bonafide breakout, with good volume and an impressive multiday run off of its 20 day moving average, with consistent closes above the upper and expanding bollinger band. Hard to buy now, as we are spot on testing the February highs and one would expect some measure of a pullback here before continuing higher... but if I didn't own any, I could even get behind starting a small position right here (in a perfect world, you would buy it on a ~10% pullback to around $260). As I noted on July 6th, "Ethereum is still the most technically and fundamentally interesting to me right now."

Tezos has a really sloppy chart, likely on account of it being a much thinner market than BTC or ETH and thus subject to increased volatility. Nevertheless, it is firmly above $3 and hopefully getting ready to continue higher to test its February highs just under $4. If BTC and ETH continue to expand, I would have a hard time believing that XTZ won't follow suit, and because it is a relatively underowned asset with a thinner market, it should produce an outsized gain relative to the two aforementioned majors.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills] 2
#26846641 - 07/26/20 07:20 PM (3 years, 6 months ago) |
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BTC and especially ETH, expanding strong out of their volatility squeezes. Tezos in jail for now, but we know that low volume issues like that are going to be higher risk (and potentially higher reward, albeit with less correlation to aggregate market movement). BTC volume is still not amazing, but it has improved and is working on chewing through $10K right now. ETH, , taking care of business as expected up 36% from it's Jul 21st breakout.
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ChemicalSpark

Registered: 10/08/15
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Psilosopherr] 2
#26857327 - 08/01/20 01:57 PM (3 years, 5 months ago) |
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Yeah, I pay taxes
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geokills
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Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 24 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Psilosopherr] 2
#26857334 - 08/01/20 02:02 PM (3 years, 5 months ago) |
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I have paid taxes on my crypto gains since the very beginning. The last thing I want or need is the scruitany of the IRS and the associated harsh penalties.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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