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Offlineqman
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu]
    #27104718 - 12/23/20 06:41 PM (3 years, 1 month ago)

Quote:

Enkidu said:
Yeah the dollar is losing value so crypto goes up

Makes sense.

More money printed. Crypto has finite supply void of inflation

Not sure how the economy recovering (after more crashing im sure) in the future might impact crypto




I think Bitcoin is taking over the role of gold because it actually functions as a true decentralized currency in a time of central bank madness. Bitcoin has true functionality and will ultimately pass gold in market capitalization. Bitcoin would need to go up 20-30 fold to equal gold. I think eventually it surpasses gold.

Wall Street has basically decided that if you can't beat them, just join them when it comes to crypto currency. The fight is over and big money is moving forward.  Gold investors hate Bitcoin, but that won't manner when it leaves gold behind in the dust.

To put into proper perspective, total market capitalization of Bitcoin today is $425 billion and Ether is just $65 billion. Apple is $2.2 trillion, Amazon is $ 1.6 trillion and Google is $1.2 trillion.


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OfflineEnkidu
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: qman]
    #27105056 - 12/23/20 11:48 PM (3 years, 1 month ago)

Yeah theres def people who agree with that whole sentiment

I would have grabbed more a while back when i started learning about it but funds for me have always been low when it comes to investing.

Might just be a boat i more or less miss as time moves on

One time i ate like 7 or 10g of mushrooms and got a little sketched out about it all. Thats when i quit putting any money in and still have very little in as my only investment to date


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OfflineeLeSDenes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu]
    #27105579 - 12/24/20 10:36 AM (3 years, 1 month ago)

Haha when I am tripping I think btc as like money from the future and all the charts make sense and shit :laugh: i was waiting a year of downtrend to get in at the big dump at the right time, so luckily I did not have bad trips about losing money.


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OfflineEnkidu
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: eLeSDenes]
    #27105750 - 12/24/20 12:29 PM (3 years, 1 month ago)

It was right after that trip btc plummeted

That was during that huge hype in 2017 i think it was

I remember txting my friend. It was very difficult, i was tripping beyond belief. And i told him to exit crypto and save his family lol


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Offlinetomnl
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu]
    #27106090 - 12/24/20 03:44 PM (3 years, 1 month ago)

The media is steering the narrative that btc=gold.
Its folly as far as im concerned.
Its both anti-establishment assets.
Its both good.

Greets Tom


--------------------
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OfflineLogicaL ChaosM
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: tomnl]
    #27107456 - 12/25/20 01:38 PM (3 years, 1 month ago)

Bitcoin's at $24,000+! Even surpassing yearn-finance. I guess I shouldnt have gone almost all-in on yearn-finance and should have stuck with Bitcoin :nonono:


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OfflineGrimsweeper
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LogicaL Chaos]
    #27107915 - 12/25/20 09:00 PM (3 years, 1 month ago)

y.f is so volatile it can be exciting for short term gains. I bought in for $200 a couple months ago and took a loss of about 25%. If I'm looking for a "fix" from sitting idle on my long terms I may give it another go one day. There's :money: to be made there if you're on top of your game.


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OfflineHamHead
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Grimsweeper] * 2
    #27108714 - 12/26/20 10:57 AM (3 years, 1 month ago)

BTC breaking $25k.

Glad I got in a few hundred at least.

Some just below $12k and a little more here recently at $23k.

Any thoughts on LTC?

:popcorn:


--------------------
The Italian researchers’ findings, published by the INT’s scientific magazine Tumori Journal, show 11.6% of 959 healthy volunteers enrolled in a lung cancer screening trial between September 2019 and March 2020 had developed coronavirus antibodies well before February.

https://www.reuters.com/article/us-health-coronavirus-italy-timing-idUSKBN27V0KF

This online first version has been peer-reviewed, accepted and edited,  but not formatted and finalized with corrections from authors and proofreaders

https://www.icandecide.org/


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OfflineEnkidu
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: HamHead] * 1
    #27109095 - 12/26/20 02:25 PM (3 years, 1 month ago)

Yeah that shits crazy with btc


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OfflineSynKyd
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu]
    #27109241 - 12/26/20 03:45 PM (3 years, 1 month ago)

Everything that’s not XRP or similar SEC-questionable shit coin is up huge right now, will be interesting to see where the money flows when this thing corrects.


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OfflineeLeSDenes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: SynKyd]
    #27109490 - 12/26/20 06:16 PM (3 years, 1 month ago)

it looks like BTC, BCH, LTC are pumping like crazy and people move from alts to BTC. It makes sense as they are all in Grayscale too.
It's funny to see bitcoin haters in reddit crying because they are balls deep in shitcoins:D


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OfflinegeokillsA
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: eLeSDenes]
    #27109546 - 12/26/20 06:41 PM (3 years, 1 month ago)

Yeah, you really can't get too cute with your trading approach... well, you can, but you often just end up spinning your wheels and missing out.  It's generally best to stick with the most liquid, proven winners that exhibit sustained momentum (i.e. BTC & ETH).  I still have some diversification in my personal account (mostly relics from the 2017 ICO frenzy), namely XTZ, and smaller bags of NEO, TZROP, HBAR and NCT in that order.  For accounts I manage on behalf of others, it's roughly 50/50 BTC/ETH and around 5-10% XTZ.  It's been good.

Given the space's history, you have to expect there will be some rip your face off corrections sometime soon.  But for now the momentum remains strong, and there is absolutely nothing wrong with the chart.  If you are getting an itchy trigger finger to sell, and provided you keep your assets on exchange, I would set a partial position stop below the prior day's low, and keep ratcheting it up until the trend breaks.  I would only sell partial positions though, as even a lower daily low is likely to be met with buying given the intense momentum BTC is seeing now.


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OfflineGrimsweeper
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #27109611 - 12/26/20 07:29 PM (3 years, 1 month ago)

XTZ used to be my largest holding. Although I still own over 1000 XTZ coins it's miniscule in comparison to my BTC and ETH holdings. Now I'm wondering if I'll ever see an opportunity to sell the XTZ at a margin I'm happy with.


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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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OfflineeLeSDenes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Grimsweeper] * 1
    #27109629 - 12/26/20 07:41 PM (3 years, 1 month ago)

I also have some XTZ but only a few hundred.
Right now this is my portfolio:
BTC: 81.21%
ETH: 13.42%
XTZ: 1.96%
BCH: 1.05%
LINK:0.89%
LTC: 0.81%
ATOM:0.46%
XRP: 0.14% -> tried to cash out before the dip but ledger said HID write error so did not bother
TRX: 0.06% -> for shits and giggles

I am planning to add some more eth in the near future, I think it has the highest probability of surviving next to btc and gain more value over time, but my ultimate goal is to stack sats and eventually sell all alts for btc when they peak.


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OfflineHamHead
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: eLeSDenes] * 1
    #27109683 - 12/26/20 08:11 PM (3 years, 1 month ago)

https://cointelegraph.com/news/bitcoin-headed-for-christmas-volatility-as-100k-btc-options-expire

"Roughly $2.3 billion worth of Bitcoin futures is set to expire on Christmas day, setting the stage for a volatile week in the cryptocurrency market."

"The Friday expiry has notable clusters around the $15,000 strike price and the $20,000 strike price, according to Skew."

"Such events have been known to cause large fluctuations in Bitcoin’s value. Typically, the impact of a contract on BTC price becomes more apparent roughly one or two days before expiry.

Crypto derivatives trading has soared this year as more traders and institutional investors look for added Bitcoin exposure. Last week, crypto derivatives platform Deribit began offering Bitcoin futures with a $100,000 strike price expiring on Sept. 24, 2021. In other words, Bitcoin enthusiasts who think the cryptocurrency will reach a six-figure moonshot can now take that bet in the futures market."

:ohwow:

2021 is the year of the Golden Cow, White Ox, or Metal Bull.


--------------------
The Italian researchers’ findings, published by the INT’s scientific magazine Tumori Journal, show 11.6% of 959 healthy volunteers enrolled in a lung cancer screening trial between September 2019 and March 2020 had developed coronavirus antibodies well before February.

https://www.reuters.com/article/us-health-coronavirus-italy-timing-idUSKBN27V0KF

This online first version has been peer-reviewed, accepted and edited,  but not formatted and finalized with corrections from authors and proofreaders

https://www.icandecide.org/


Edited by HamHead (12/26/20 08:31 PM)


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InvisibleLophosaurus
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: HamHead]
    #27109906 - 12/27/20 12:20 AM (3 years, 1 month ago)

Gosh Dang and Gee Willikers! BTC is over $27,250 and rising!

I just gave up on my Alts and put a stop sell on my BTC around $26,500. It's oversold and should be correcting anytime now. Correcting to form theat cup n handle that I'm hoping to catch and then ride up to $50,000 by next X-mas, or sooner at this rate.


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OfflineHamHead
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Lophosaurus]
    #27110249 - 12/27/20 07:29 AM (3 years, 1 month ago)

Testing 30k? Touched 28.3 before pulling back to 27.6.

I'm too shocked to do anything. I've got a little extra fiat but have zero direction and am sitting on the sidelines, tossing in a hundo here and there.

I could pull out a little, but I don't have much faith in dollars with so many being printed in 2020.

Kinda wish I would have invested in BTC instead of gold now.

🤦 as always.


--------------------
The Italian researchers’ findings, published by the INT’s scientific magazine Tumori Journal, show 11.6% of 959 healthy volunteers enrolled in a lung cancer screening trial between September 2019 and March 2020 had developed coronavirus antibodies well before February.

https://www.reuters.com/article/us-health-coronavirus-italy-timing-idUSKBN27V0KF

This online first version has been peer-reviewed, accepted and edited,  but not formatted and finalized with corrections from authors and proofreaders

https://www.icandecide.org/


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OfflineEnkidu
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: HamHead]
    #27110260 - 12/27/20 07:47 AM (3 years, 1 month ago)

Id sell my btc if i knew when it was gonna fall and how far

But since i dont, seems stupid.

I dont really have the skill to predict it normally yet alone a time like now..

Guess if it crashes ill just invest a bit more


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Within You , Without You


:mushroom2::levitate::mushroom2:


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OfflinegeokillsA
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu]
    #27110287 - 12/27/20 08:02 AM (3 years, 1 month ago)

The short-term trading action is getting a little more choppy than usual up here between $27-28K BTC, this type of increase in volatility is not atypical at short or longer term tops, although there is no guarantee that it is indicative a top will be occurring (sorry to disappoint, but you can only figure that out in hindsight).  For now, the 20 hour moving average has been holding dips since the Christmas Eve launch off of $23,000.  The fact that I'm even using an hourly chart as a barometer is indicative of how strong this trend has become.  Nevertheless, all trends will come to an end, we just don't know exactly when.

So on that note, by no means would I advocate selling your entire stack.  However if you like to trade around, or if you're the type of person who will be kicking yourself if you don't sell anything and BTC falls to test $23-25K (a distinct possibility that would not invalidate the longer term prevailing trend on a daily chart), then sell just a little bit to scratch the itch.  It doesn't need to be a lot, just enough so you can maintain your psychological fortitude, knowing that you did something that will help insulate you from unnecessary fear and panic when BTC does eventually pull back.



That ETH though... moving up and out of the range.  Very nice. :thumbup:


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OfflinegeokillsA
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #27110353 - 12/27/20 09:04 AM (3 years, 1 month ago)

In accordance with my above post, I am scratching the itch and sold a piece of my BTC @ $27,200.  I will sell a similar piece of ETH if it tags $725.  ETH lagged BTC during the Christmas rally, and is only now breaking out of that range, so I expect it can run a bit farther (short-term) more easily than BTC which appears to be digesting its Christmas rally and likely faces some psychological resistance the closer it gets to $30,000.  I will continue to trim lightly if we continue to breakout to higher levels, but only up to a maximum of 1/3 of my total account size.  Caveat: unless I can catch a HUGE short-squeeze that appears to be a blowoff top (this would be indicated by a rapid move of $5,000+ in < 1 day), in which case I would move up to 50% of the account to cash.


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