Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. Harrison Beck

    Harrison Beck Bailout Bro
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    Companies then countries. Am I surprised it happened this fast, yes but it was always inevitable.
     
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  2. user15000

    user15000 Well-Known Member

  3. user15000

    user15000 Well-Known Member

    An alt coin chart

     
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  4. beerme

    beerme Well-Known Member
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    It looks like there’s lines above bitcoin that are too faded to see
     
  5. user15000

    user15000 Well-Known Member

    No current ones that I can see. But I suppose that’s the point. Good luck picking the one out of 2400.
     
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  6. user15000

    user15000 Well-Known Member



    I’m here for the billionaire dick measuring contest.
     
  7. beerme

    beerme Well-Known Member
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    does this correlate to just people moving coins to wallets suggesting hodling? I’m not really sure how to interpret this
     
  8. Harrison Beck

    Harrison Beck Bailout Bro
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    Yes. Typically moving offline to cold storage wallet to hold for a while. That’s the narrative anyway.
     
  9. user15000

    user15000 Well-Known Member

    From what I understand, it’s tracked pretty extensively from a handful of companies that track wallets, the blockchain, etc. Glassnode has pretty good data, and I don’t think they’re guessing on what is/is not on an exchange like Coinbase. Also pretty easy to track how long since coins have moved from certain addresses, etc.

    Admittedly not an expert on any of this, but I think you could dig in and verify most of this info.
     
  10. Whammy

    Whammy Donde es
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    Riding that Filecoin wave
     
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  11. colonel_forbin

    colonel_forbin Well-Known Member
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    Does anyone use Blockfi?
     
  12. southside

    southside Well-Known Member
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    I’ll try to find the link but their data on the exchange in/outflow is actually not that accurate on an individual wallet level. They mislabel wallets very frequently which makes it pretty difficult to look at snapshots and draw conclusions. Looking at a trend over multi month duration though, and it’s good enough to draw in the right direction
     
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  13. PSU12

    PSU12 The Grand Experiment
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    I buy and sell on Coinbase, what’s the best app for tracking my portfolio? Is it safe to link any of these portfolio trackers to my Coinbase wallet?
     
  14. southside

    southside Well-Known Member
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    Yeah it is. I recommend Zerion or Debank
     
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  15. Whammy

    Whammy Donde es
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    Yes - hold my BTC, ETH, and Chainlink there
     
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  16. colonel_forbin

    colonel_forbin Well-Known Member
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    I'm thinking about just throwing some savings into a stablecoin there. How's your experience been?
     
  17. Whammy

    Whammy Donde es
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    Experience has been fine, wouldn’t use it for buying crypto...spreads are not great but as an interest earning account it works great.

    Arrec Bardwin does stable coin stuff on Blockfi I believe, he might be able to help.

    In terms of stable coins, if you’re using it for savings I’d probably stay away from USDT. HQ’ed in the Bahamas, USDC, GUSD, BUSD are all more intensely regulated so I’d stick with one of those
     
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  18. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    I say Im going to keep Stablecoin, but then I end up yoloing it into BTC.
     
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  19. PaulKemp

    PaulKemp Well-Known Member
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    At the risk of angering user15000, I'm going to post my newest upside shit coin candidate: https://ultra.io/

    - Decentralized Steam takeover play

    Pros:
    - Partnered with Theta
    - Impressive team (watch their video)
    - Limited exchanges (KuCoin or Uniswap only for US people)
    - Trading at $0.70 currently
    - Not being loudly shilled as far as I can tell

    Cons:
    - 1 Billion tokens / 552,000,000 in circulation
    - #148 in Marketcap, so it will have to catch fire to really go
    - Up 200% in the last month / 2000% last year
    - It's a shit coin
     
  20. Harrison Beck

    Harrison Beck Bailout Bro
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    I saw they just lowered interest rates. Anyone have any info on competitors? I keep hearing Celsius is comparable but haven’t looked into them.
     
  21. southside

    southside Well-Known Member
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    Oh hey Visa is settling transactions now in USDC. That’s on ethereum you know. Not fucking cardano :roll:

    ETA: or XRP or any of these other shit blockchains that promise to be the world banking ledger
     
    #12727 southside, Mar 29, 2021
    Last edited: Mar 29, 2021
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  22. user15000

    user15000 Well-Known Member

    Celsius and Gemini seem to be competitors. My brother keeps a tiny amount of btc at blockfi. I think it’s a legit product, but the small amount of interest they’re paying out isn’t worth the risk to me. I don’t need to fuck around with something returning 200% per year.
     
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  23. Harrison Beck

    Harrison Beck Bailout Bro
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    Kinda my thoughts. I do need a place I feel comfortable to park a few and gain interest but not if the risk outweighs the reward.
     
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  24. user15000

    user15000 Well-Known Member

    In forgotten Tether news....

     
  25. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Why is Ethereum running up so much?
     
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  26. HuskerInMiami

    HuskerInMiami Well-Known Member
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    And how is the price of BTC able to drop so much in almost no time.

    Coinbase had it drop from $59,400 at 3:45 AM to 56,873 at 4:05am

    upload_2021-3-31_15-32-35.png

    What do you make of large moves like this?
     
  27. Tug

    Tug Well-Known Member
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    Check the volumes
     
  28. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I couldn't on the site I was on. But even then, I'm shocked it doesn't have people trying to buy it up.
     
  29. user15000

    user15000 Well-Known Member

    Whale traders wiping out people who are leveraged long and then buying up the btc at cheaper prices.
     
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  30. southside

    southside Well-Known Member
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    How is something dumping 4% a large move?
     
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  31. user15000

    user15000 Well-Known Member

     
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  32. user15000

    user15000 Well-Known Member

  33. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    They only changed the rates on large balances. ie: your first 1 BTC gets 6%, 1-2.5 gets 3%. ETH was all 5.5% but now has a similar scale.

    Also Celsius advertises really good rates but the only way to get them is to be paid interest in their coin and have half your account held in their coin.
     
  34. PaulKemp

    PaulKemp Well-Known Member
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    FIL’s fully diluted market cap is now 40x Dropbox’s and still going, lol
     
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  35. user15000

    user15000 Well-Known Member

  36. southside

    southside Well-Known Member
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    FDV is a meme usually. i think FIL supply only doubles over next 3.5 years, that's not much inflation
     
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  37. Whammy

    Whammy Donde es
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    Riding the wave, got in at 84 and 186
     
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  38. Whammy

    Whammy Donde es
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    Also - I think they’re pitching their TAM as AWS-sized, whereas Dropbox is fairly niche.

    I don’t buy it obviously, but think that’s the narrative driving the mania
     
  39. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    My crypto strategy has matured from picking the crypto with the cutest icon to strictly investing my hard-earned dollars on something from this category list:

    https://www.coingecko.com/en/categories/food

    We should all take a really serious look at FridayBeers and help it become a thing :beerchug:
     
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  40. jorge

    jorge Founder of Post ITT if your team sucks
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    sounds like i should consider exiting with the 5 FIL i bought a month or so ago
    I still mine GRLC to this day so I'm disappointed I didn't notice it on that list.