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InvisibleautomanM
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: budmanman]
    #27260577 - 03/19/21 02:30 PM (2 years, 10 months ago)

Subscribed


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No, no, you're not thinking, you're just being logical. ~ Niels Bohr


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InvisibleautomanM
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: automan]
    #27260616 - 03/19/21 02:48 PM (2 years, 10 months ago)

I wonder what's up with the $60k btc price where each time we butt up against it, we get knocked way back.


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No, no, you're not thinking, you're just being logical. ~ Niels Bohr


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Invisibletrees
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: automan]
    #27260642 - 03/19/21 03:08 PM (2 years, 10 months ago)

It's a big deal to pass that level and will probably bounce off it a few more times before it opens the gates. The upper regression band. Are you new to crypto?


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InvisibleNimpo
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: automan]
    #27260662 - 03/19/21 03:22 PM (2 years, 10 months ago)

Quote:

automan said:
I wonder what's up with the $60k btc price where each time we butt up against it, we get knocked way back.




Its because everyone who jumped in at the start of the year is up 2x and are taking profit.


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InvisibleautomanM
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: trees]
    #27260823 - 03/19/21 05:28 PM (2 years, 10 months ago)

Quote:

trees said:
It's a big deal to pass that level and will probably bounce off it a few more times before it opens the gates. The upper regression band. Are you new to crypto?




Nah, man. I trade futures on Kucoin mostly, and a few things on CB Pro. I was just voicing frustration because I'm in a long that, while very profitable, just hasn't broken through to where I expected yet.


--------------------
No, no, you're not thinking, you're just being logical. ~ Niels Bohr


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Offlinenan0
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: automan]
    #27261071 - 03/19/21 08:50 PM (2 years, 10 months ago)

Anybody into radix?


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Offlineqman
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nimpo]
    #27261094 - 03/19/21 09:14 PM (2 years, 10 months ago)

Quote:

Nimpo said:
Quote:

qman said:
Quote:

Nimpo said:
Quote:

qman said:

And if or when this gets approval, it will be the start of the massive crypto bubble of 2021.




We're in the bubble already.




Actually not, almost every technical and cycle indicator points to nothing that resembles euphoria or overbought territory.

The 2018 top truly resembled a bubble, we're not even 3 times the previous top, that's nothing for Bitcoin cycles. Do you know your Bitcoin history, or are you just looking at price at this point?




Weve been in a bubble for a good 3 months, more like since the last halving. The question now is how far can the bubble stretch, especially if believing in the narrative that "institutional investors buying into the space" is changing this market cycle. Even then, a billion dollars from Tesla or 2 billion from MicroStrategy aint shit in a bucket worth 1 trillion+.




Yeah, I can agree we're in the early stages of a Bitcoin bubble, but relative to past Bitcoin cycles, we're not anywhere near euphoria or mania. The Bitcoin ETF is going to be a game changer, it's going to grant permission for institutional investors to buy into the asset class. The ETF is also going to make it very easy for the vast majority of retail investors to jump into the party. They're going to be the people that buy at the 100k and 200k levels.

https://cointelegraph.com/news/morgan-stanley-rumored-to-be-eyeing-stake-in-top-korean-exchange-bithumb

Wall Street is just starting to join the party. Big Money has a LONG way to go before they get even a small piece of the pie.


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OfflineNature Boy
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: qman]
    #27261434 - 03/20/21 06:44 AM (2 years, 10 months ago)

Quote:

Grimsweeper said:
I'm disgusted with SKL. Came in late to the party cocky and spent 5K at 0.75 thinking I'm a genius cryptologist. Fucker has been lingering around 0.70 ever since. Considering taking the loss and GTFO.




Good morning, Grim:  Did SKL ever hit your break-even point?  I got out of XLM with a small profit ($66 whopping dollars) early this morning when it hit 0.410, keeping my positive trade streak intact, but certainly not impressive on THAT one!  :lol:

I rolled the freed up monies and a bit more into 100 of UNI at 32.4 since long-term it's been looking quite bullish and it dipped off it's recent price of 35.  That one is a HODL, I think. The daily closes have been steadily up for a long time. 

I gave a passing thought this morning to buying some Cardano if I could pick it up for $1.25, but there doesn't seem to be a big payday in "penny stocks" so I think I'm not going to even bother following it.  Did the math and it just seems like another dead-end bore like XLM.  "Makin' the same mistake twice ain't larnin'" is how a southern friend of mine used to put it.


Edited by Nature Boy (03/20/21 06:59 AM)


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OfflineNature Boy
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: qman]
    #27261475 - 03/20/21 07:39 AM (2 years, 10 months ago)

Quote:

qman said:
Yeah, I can agree we're in the early stages of a Bitcoin bubble, but relative to past Bitcoin cycles, we're not anywhere near euphoria or mania. The Bitcoin ETF is going to be a game changer, it's going to grant permission for institutional investors to buy into the asset class. The ETF is also going to make it very easy for the vast majority of retail investors to jump into the party. They're going to be the people that buy at the 100k and 200k levels.


Wall Street is just starting to join the party. Big Money has a LONG way to go before they get even a small piece of the pie.




That's pretty much how I see it.  The Big Money adoption will be incremental, conservative and take long enough that it will prolong the bullish trend out long enough in time that the "bubble" portion of the BTC Rainbow will be that much farther down the road, and consequently, associated with a higher price that is still not "mania."


--------------------
All submitted posts under this user name are works of pure fiction or outright lies.  Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit.  Note well:  Sorry, but I do not answer PM's unless you are a long-time trusted friend.  If you have a question, ask it in the appropriate thread.

                                                                               


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OfflineGrimsweeper
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nature Boy]
    #27261558 - 03/20/21 09:05 AM (2 years, 10 months ago)

Good morning NB. Nah, SKL is still rolling around 0.70. I have a break even sell order set but if it doesn't hit I'm going to straight up convert it to BTC or ETH the next time they dip to at least avoid a fee.


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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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Invisibletrees
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nature Boy]
    #27261563 - 03/20/21 09:10 AM (2 years, 10 months ago)

Idk about yall but I am going to be happy when this all finally crashes down. Sometimes hind sight is so 20/20 its a bitch. I find my self waking up to new profits that dont make me happy enough even though they could pay a villages wages in Africa and I'm already financially secure. I  think that's a problem I need to deal with. I keep looking back at prices we had weeks ago and my brain will go off "oh I should have went all in that. Or should have FOMOd my life on that one single coin 2 weeks ago when i decided not to buy any of it".


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InvisiblebodhisattaMDiscordReddit
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: trees]
    #27261666 - 03/20/21 10:23 AM (2 years, 10 months ago)

Dear oxt thank you for making me a lot of money and probably still more to come.

Searching for oxt mentions in this thread is sad. Usual pessimistic people being pessimistic.

Edward snowden is giving a talk on oxt this weekend
And there's the #blm donation on their site lol. Extra woke


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OfflineNature Boy
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: trees]
    #27261668 - 03/20/21 10:27 AM (2 years, 10 months ago)

@ trees:  Man, I have a ton of "wouda, shouda, coulda" and "what if" decisions that could have been SO MUCH more financially advantageous...  I used to torture myself with those analysis and thoughts, until I realized it took ALL the fun out of it and simply made me even LESS decisive and confident.  I began to suffer paralysis through analysis. I was afraid to buy anything ("what if it goes down?") or sell anything ("what if it goes UP?").  As I said above, my "new focus" is just to make a profit on every trade - even if it is ONE fucking dollar after fees.  If so, I  put a "W" in the column and move on, and I STOP following that coin.

Now I only follow what I already own, and I'm looking to take profit where appropriate and then re-enter the market (possibly in the same coin) thereafter.  The only thing I refuse to do is take a loss.  Sometimes that means buying MORE (dollar cost averaging down) and getting out that much sooner.  That was the tactic that got me out of XLM unscathed with my ego intact.  :lol:

Try not to let it get you down, and don't fall into the paralysis by analysis trap that I did for several weeks.


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InvisiblebodhisattaMDiscordReddit
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nature Boy]
    #27261672 - 03/20/21 10:31 AM (2 years, 10 months ago)

And if you held all your xlm in 6-12 months youd be happy but you'll be kicking yourself


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OfflineGrimsweeper
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: bodhisatta]
    #27261714 - 03/20/21 11:01 AM (2 years, 10 months ago)

XLM is kicking ass. Took profit on it a long some ago though. Good save bod.


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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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OfflineNature Boy
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Grimsweeper] * 1
    #27261725 - 03/20/21 11:09 AM (2 years, 10 months ago)

You have me to thank for that.  Went up dramatically the minute I sold it!  :lol:


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All submitted posts under this user name are works of pure fiction or outright lies.  Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit.  Note well:  Sorry, but I do not answer PM's unless you are a long-time trusted friend.  If you have a question, ask it in the appropriate thread.

                                                                               


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OfflineNature Boy
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: bodhisatta]
    #27262100 - 03/20/21 02:59 PM (2 years, 10 months ago)

Quote:

bodhisatta said:
And if you held all your xlm in 6-12 months youd be happy but you'll be kicking yourself




#1)  Not the end of the world.  In 6 - 12 months we'll be at or past this market cycle top and I'll be out of crypto altogether.  Not waiting around another 3 - 4 years for the subsequent bear market to resolve.  I'm already 68 and ready to retire  - with more money than I could spend in this lifetime anyway.  I'm trading crypto for the thrill and a bit of daily amusement.  Flying a desk instead of being in the OR is a BORE, so this is how I'm getting my kicks these days.  Which is why I've been so bored these past couple of weeks.  No big swings to play with. B-O-R-I-N-G.

#2)  Within the next 6 - 12 months XLM will go in the crapper at least a couple of times and I'll have the option of buying it back at fire-sale prices below where I just sold it.  Could even happen today with BTC showing some downside ATM.  It's not like it went up 10X in the last few hours!  It's only ONE PENNY above where I sold it and looking weak as fuck as BTC dips.  :lol:

I already have my maths worked out for when the BIG dip (that hopefully precedes the final push to the upside of this market cycle) for BTC, ETH, UNI and LINK, with plenty still held in cash for a tranche of XLM if I desire.


--------------------
All submitted posts under this user name are works of pure fiction or outright lies.  Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit.  Note well:  Sorry, but I do not answer PM's unless you are a long-time trusted friend.  If you have a question, ask it in the appropriate thread.

                                                                               


Edited by Nature Boy (03/20/21 03:13 PM)


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OfflineGrimsweeper
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nature Boy]
    #27262135 - 03/20/21 03:25 PM (2 years, 10 months ago)

Quote:

Nature Boy said:
Quote:

Grimsweeper said:
I'm disgusted with SKL. Came in late to the party cocky and spent 5K at 0.75 thinking I'm a genius cryptologist. Fucker has been lingering around 0.70 ever since. Considering taking the loss and GTFO.




Good morning, Grim:  Did SKL ever hit your break-even point?  I got out of XLM with a small profit ($66 whopping dollars) early this morning when it hit 0.410, keeping my positive trade streak intact, but certainly not impressive on THAT one!  :lol:

I rolled the freed up monies and a bit more into 100 of UNI at 32.4 since long-term it's been looking quite bullish and it dipped off it's recent price of 35.  That one is a HODL, I think. The daily closes have been steadily up for a long time. 

I gave a passing thought this morning to buying some Cardano if I could pick it up for $1.25, but there doesn't seem to be a big payday in "penny stocks" so I think I'm not going to even bother following it.  Did the math and it just seems like another dead-end bore like XLM.  "Makin' the same mistake twice ain't larnin'" is how a southern friend of mine used to put it.




Caught BTC on the $700 dip and converted the SKL to BTC. On it's way back up so at least the cash is working for me now.

:excellent:

Now watch SKL go through the roof lol.


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Build yourself a Flow Hood in these 99 simple steps


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OfflineManianFHS
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Grimsweeper]
    #27262211 - 03/20/21 04:34 PM (2 years, 10 months ago)

is it accurate that one BTC transaction requires about as much energy as an average american household uses in one day?

if so that pretty bad. Is there any fixing that?


--------------------
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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InvisiblePatrickKn
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ManianFH]
    #27262280 - 03/20/21 05:47 PM (2 years, 10 months ago)

Bitcoin consumes a lot of energy, but saying each transaction consumes that much is really a misrepresentation if taken at face value. Transactions are verified through mining, and multiple transactions are verified on each block discovery. It does consume a lot to run the entire network, but a single individual making a peer to peer transaction is not using a days worth of electricity on its own.


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