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

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

  1. danny2430

    danny2430 Well-Known Member
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    Oh we are heading there, only a matter of time
     
  2. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I haven't heard anyone talking about crypto as it's creeped up this time. It's a nice feeling.

    BTC is over 63k and nearing it's ATH

    I thought BTFD was

    Buy The Fucking Dip.......or is it......Burn it The Fuck Down?
     
  3. danny2430

    danny2430 Well-Known Member
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    Buy the fucking dip if you ask ne

    I’ve seen BITFD used in a few places for the latter
     
  4. user15000

    user15000 Well-Known Member

  5. danny2430

    danny2430 Well-Known Member
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    Just imagine the volume for a spot ETF….
     
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  6. Tug

    Tug Well-Known Member
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    Is there any value to buying a couple of these vs just buying Btc?
     
  7. danny2430

    danny2430 Well-Known Member
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    Not really

    Even if the ETF has contago going on in a declining market where the contract price/value is lower than the spot, you still are having premiums and costs built in to the final share price.
     
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  8. user15000

    user15000 Well-Known Member

    No. The futures etf is a shit product for consumers that will do a poor job of ultimately tracking the price. Plenty of pods out on that recently if you want to hear why.

    Buying actual btc on an exchange is a far better for retail.
     
    Tug likes this.
  9. HuskerInMiami

    HuskerInMiami Well-Known Member
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  10. kennypowers

    kennypowers Big shit like a dinosaur did it
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    Someone plz tag me when this run is over and it’s alt season and which alts to buy so I can blindly trust strangers from the internet and tell my wife I did research.
     
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  11. user15000

    user15000 Well-Known Member

  12. jorge

    jorge Founder of Post ITT if your team sucks
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    The One True Shitcoin https://garlicoin.io/
     
  13. southside

    southside Well-Known Member
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    hello at the show
     
  14. kennypowers

    kennypowers Big shit like a dinosaur did it
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    Brb loading up on this and dog related coins
     
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  15. jorge

    jorge Founder of Post ITT if your team sucks
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    Oh is this "it"?
     
  16. danny2430

    danny2430 Well-Known Member
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    While we are definitely in for some serious volatility, I think the bull cycle is lengthening through the end of the year
     
    jorge likes this.
  17. houtex716

    houtex716 let's have a beach party
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    may sell off some eth today
     
  18. user15000

    user15000 Well-Known Member

  19. user15000

    user15000 Well-Known Member

    Cheat code: ignore all alts and mindlessly buy btc.
     
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  20. HuskerInMiami

    HuskerInMiami Well-Known Member
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    He bought 6.6m BTC on what looks like Coinbase? There's definitely more to the story.

    I'm extremely grateful I didn't sell off any of my BTC or ETH before this run up. I had thought it would drop by the end of the day today. I could still be correct, but I hope I'm proven completely wrong and this continues.

    We just broke ATH and I haven't heard anyone make a peep about it.
     
  21. danny2430

    danny2430 Well-Known Member
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    Just curious, cashing out or shuffling to another crypto?
     
  22. HuskerInMiami

    HuskerInMiami Well-Known Member
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    and ETH :beerchug:
     
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  23. user15000

    user15000 Well-Known Member

    The story is he’s a billionaire and has a shitload of money.
     
  24. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Why does LTC have any value? They stopped working on the project several years ago and yet it still trades in the top 15 in market cap. I have a little over 3 LTC that I am stuck with bc I'm too lazy to move it from exchange to exchange to convert it.
     
  25. HuskerInMiami

    HuskerInMiami Well-Known Member
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    and I didn't realize he was just buying 75 BTC and now is up to 100 BTC. So actual purchase was closer to 5 million. But a large purchase like that on Coinbase is going to make all the exchanges jump up a bit because he bought through a couple walls (guessing) with that purchase. Could be used to sell into it on other exchanges.
     
  26. danny2430

    danny2430 Well-Known Member
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    Think you are kinda answering your own question there. Lazy people don’t do any research and see that it’s a blue-chip and the bullshit that it’s the “silver” to bitcoin gold
     
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  27. user15000

    user15000 Well-Known Member

    For whatever it’s worth, he’s been mining btc since like 2015 as I recall and is independently wealthy from starting up his own healthcare company. He has an interesting life story. However much he has in btc, I’d guess it’s closer to 5,000 than 500.
     
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  28. user15000

    user15000 Well-Known Member

    You could ask this question for thousands of alt coins. It shouldn’t have any value and long term should trend to zero.
     
  29. HuskerInMiami

    HuskerInMiami Well-Known Member
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    True. I transferred it over because it's cheap to transfer....not realizing that I couldn't swap it to BTC or ETH. I've just been sitting with it, but I'm sure it'll be one of the coins that eventually dies off. Need to cut my losses and send it to another exchange.

    It has outperformed my Solana in the last week though.
     
  30. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Which is what I was getting at. He is buying on an exchange that has less volume so it can drive the price up on the others.

    When did CoinMarketCap switch over to only having Coinbase Exchange instead of Coinbase and CoinbasePro?
     
  31. Snakes

    Snakes clumsy interloper
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    so anybody thinking of selling off and then rebuying the dip next week? or is this a one way train to $100k?
     
  32. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I don't have the balls to sell off. We're now in the 4Q and my plan was to hold until mid december at earliest.
     
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  33. HuskerInMiami

    HuskerInMiami Well-Known Member
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  34. Snakes

    Snakes clumsy interloper
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    sam here. my plan was always long term HODL but i just can't help but assume this thing is gonna go back to the $40s in a few weeks
     
  35. jorge

    jorge Founder of Post ITT if your team sucks
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    It's an open source project. "They" don't matter if the community maintain and enhances it.
     
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  36. jorge

    jorge Founder of Post ITT if your team sucks
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    It shouldn't have any value... yet it does.
     
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  37. bcuga

    bcuga Administrator
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    I'm enjoying this Coinbase stock I bought a while back these days.
     
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  38. dblplay1212

    dblplay1212 Well-Known Member
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    Whoa hadn't been paying attention. 66k? Let's go!
     
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  39. Whammy

    Whammy Donde es
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    Going to rotate all my BTC into ETH at some point soon after the initial run up
     
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  40. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    We’re as likely to be at 100k+ as 40k in the next few weeks.
     
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  41. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I agree. If he said few months, I could see it possibly dipping after the new year. In a perfect world I sell at 100k and buy again when it drops to 60k. Instead what will happen is it goes to 100k and I'll FOMO 20k into BTC only for it to drop to 30k. That's why I have a plan. Whenever I get emotional with money, specifically crypto, I get crushed.
     
  42. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    I’m just speaking statistically, hoping for 40k is pretty silly right now
     
  43. user15000

    user15000 Well-Known Member

    No. See the guy in here who just sold at $62 on the assumption it would drop to $50 again.

    I’m buying a shitload more next week when I get a mid-year bonus and will continue buying.
     
    #18296 user15000, Oct 20, 2021
    Last edited: Oct 20, 2021
    Tug likes this.
  44. Andy Reocho

    Andy Reocho Please don't get lost in the sauce
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    We know.
     
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  45. user15000

    user15000 Well-Known Member

    Sooner or later you'll realize why that is.
     
  46. Andy Reocho

    Andy Reocho Please don't get lost in the sauce
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    It’s because you’re a BTC maxi

    HTH
     
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  47. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I need to get mid year bonuses as often as you do.