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

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

  1. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    btc people co-opting old memes as their own

    smh
     
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  2. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    feel like holding a bunch of the OTC crypto options when a US ETF goes live could be bad with people wanting to move to them
     
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  3. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    Liverpool

    I've brought this up before. Seems like a no brainer to head to the etf when it inevitably happens
     
  4. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    but WHEN is the real question
     
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  5. user15000

    user15000 Well-Known Member

  6. user15000

    user15000 Well-Known Member

  7. Whammy

    Whammy Look kids, Parliament!
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    My Twitter profile now has laser eyes....and holy moly at Elon’s profile pic LMAO

    Every day is more absurd than the last
     
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  8. Brocktoon

    Brocktoon Well-Known Member
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    Ravencoin has blown up the last few days. All the people that learned about crypto through doge have moved on to it next
     
  9. FourClover01

    Donor

    ETH just cracked 2k.
     
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  10. dblplay1212

    dblplay1212 Well-Known Member
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  11. user15000

    user15000 Well-Known Member

    Look who joined the party :)
     
  12. dblplay1212

    dblplay1212 Well-Known Member
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    Come on now this isn't news to you. Sure this is one case where I wish I hadn't been as risk adverse as I have been and help my whole bag but it's helped me a lot in other situations so it is what it is. Almost bought more when it dipped to $30k recently but didn't bc I didn't want to mess up my $8k avg cost smh. That was dumb.
     
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  13. user15000

    user15000 Well-Known Member

    I’m just giving you a hard time. I know you kept a decent amount and want it to do well. I think you’ll do more than fine if you keep it for any significant period of time.
     
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  14. FourClover01

    Donor

    I purchased a chunk at the 30k mark right after the news of the "double purchase". Came out to not be true at all, which was a massive relief for everyone. Since that point, BTC has been climbing back up with conviction.
     
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  15. user15000

    user15000 Well-Known Member

    You presumably know this, but the double spend was the protocol working exactly how it was designed to work. That was really stupid news.
     
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  16. FourClover01

    Donor

    For sure, it was great to hear. Not sure why it became news in the first place without more confirmation. Never the less, there was a dip for a couple days, and it made for a perfect buying opportunity.
     
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  17. user15000

    user15000 Well-Known Member

  18. user15000

    user15000 Well-Known Member

    I thought that this was an incredible podcast.

     
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  19. user15000

    user15000 Well-Known Member

  20. user15000

    user15000 Well-Known Member

    Seems to me like there will be a massive amount of retail buying in March when a lot of companies pay bonuses. Just in my friend group, I know of nearly $1m in planned buys from bonuses. And that’s happening everywhere.
     
  21. PaulKemp

    PaulKemp Well-Known Member
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    Saylor made me laugh out loud multiple times. Paraphrased:

    "You're never going to be able to buy it at 20k again. You're never going to be able to buy it again at 30k. You are looking at the end of being able to buy it between 40-50k. Who do you think is selling this stuff? The paper handed wimps. Some idiot cashing out for a Lamborghini with an amount of BTC that will be worth 100million soon. Who do you think is buying it? The institutions. They have more money than God, and they are never going to sell it."

    Referring to skeptics and people afraid of another 80% retrace: "[They're] like a former boy scout who once had a friend die of hypothermia because they couldn't start a fire with rocks having a PTSD episode in spite of currently sitting inside their house hooked up to the electric grid with the heater running" (not the best timing for that metaphor because Texas, but still)

    His overarching thesis seems to be that he and his buddies are rich as fuck and buying a lot of it. The volatile history of Bitcoin currently means shit now. It's theirs. Game over. The general public just hasn't completely woken up to that fact yet.

    Man. I know where you stand on this and wish I had the balls to make the same bet, because I think you're both right.
     
  22. user15000

    user15000 Well-Known Member

    His point on mining companies going public and having their expenses funded by the market while holding btc instead of selling it was something I had never heard or considered. I could listen to him talk about btc and history/tech for days. His “what is money?” YouTube series with Robert Breedlove is excellent too.

     
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  23. Snakes

    Snakes stubbornly litigious
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    Alabama Crimson Tide

    Not to mention tax returns
     
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  24. user15000

    user15000 Well-Known Member

    I’ll almost certainly owe a good chunk of money, so that’s unfortunately not an option for me.
     
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  25. Snakes

    Snakes stubbornly litigious
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    Alabama Crimson Tide

    Yeah I have a good size return coming back and a good portion of it is going straight to btc. I think you’ll see a lot of first time crypto buyers doing something similar.
     
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  26. Aurelius

    Aurelius This man, Lenny Pepperidge, AKA Lenny the Pep...
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    BTC cooling off today
     
  27. user15000

    user15000 Well-Known Member

    Can’t say I ever understand people selling in mass amounts right now. But I welcome the dip. Just wish I had my bonus.
     
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  28. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    surprised we saw 48k there for a second
     
  29. user15000

    user15000 Well-Known Member

    Hit 46.6 on Coinbase pro.
     
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  30. user15000

    user15000 Well-Known Member

    The volume walls right now are tiny too. The $50k wall was like 11 btc on Coinbase.
     
  31. beerme

    beerme Well-Known Member
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    can someone explain to me what a volume wall is
     
  32. Aurelius

    Aurelius This man, Lenny Pepperidge, AKA Lenny the Pep...
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    It's basically just a collection of buy or sell orders sitting at a particular price - for example if a bunch of people have sell orders in if the BTC price hits $50k you have a "wall" where you have to eat up all those sell orders which will cause the price go to down (opposite for buy orders obviously)
     
  33. user15000

    user15000 Well-Known Member

    This hourly candle on Coinbase is hilarious. Open 51.9, dips to 46.6, and closes at 53.7.

    That is a bull market correction bought up with quickness.
     
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  34. user15000

    user15000 Well-Known Member

  35. PaulKemp

    PaulKemp Well-Known Member
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  36. HuskerInMiami

    HuskerInMiami Well-Known Member
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    How do you see these walls on coinbase?
     
  37. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Miami DolphinsNebraska Cornhuskers

    Just bought 1 ETH.
     
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  38. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Miami DolphinsNebraska Cornhuskers

    Just bought 10 LINK
    What are the other 2 smaller ones I can dablle in for now?
    I think it was
    LINK
    UNI
    AAVE

    Those all have blown up so much the last couple months. Would I be smart just putting a little money into each of them or wait?
     
  39. user15000

    user15000 Well-Known Member

    I use Coinbase pro and it is just part of the standard trading view.
     
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  40. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Miami DolphinsNebraska Cornhuskers

    So I've been trying to get on my Bittrex, Binance, and Coinbase accounts with no luck. I got the password to my authenticator app that I used for 2FA , but I can't remember the password or the password used on the sites was not what I had written down on these business cards I found from my dream.
     
  41. bertwing

    bertwing check out the nametag grandma
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    That’s when I get mine and when I’ll be buying more
     
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  42. Aurelius

    Aurelius This man, Lenny Pepperidge, AKA Lenny the Pep...
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    tax returns on top of that
     
  43. kennypowers

    kennypowers Big shit like a dinosaur did it
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    I’m holding btc, ETH, link, and xlm. My crypto chat is not convinced on XLM but are pumping GRT and AAVE hard.
     
  44. FourClover01

    Donor

    I just picked up some REN yesterday. Also, don't sleep on ADA. I know Harrison thinks it is a shit coin, doing nothing and going nowhere, but if you do you own research, I think you'll be pleasantly surprised.
     
    Harrison Beck likes this.
  45. momux

    momux AFAM Scholar
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    Is the bet even still on? What are the stats?
     
  46. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    Liverpool

    Of course it’s still on. Ada is up pretty big rn
     
  47. FourClover01

    Donor

    Yes, it is still on.

    Clover - ADA at 0.9694
    Currently at 1.00 | + 3% roughly | $516

    Harrison - Hegic at .5271
    Currently at .347 | - 34% roughly | $320

    We can toss up an update once a month or so. Who knows what March will bring, but these numbers can dramatically change in a couple days, my current lead is not safe by any means.