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

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

  1. seanofthedead86

    seanofthedead86 Well-Known Member
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    ADA with a high of 1.17 so far today.
     
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  2. user15000

    user15000 Well-Known Member

    We’ll see if this ends up being true

     
    #12154 user15000, Feb 25, 2021
    Last edited: Feb 25, 2021
  3. user15000

    user15000 Well-Known Member

  4. HuskerInMiami

    HuskerInMiami Well-Known Member
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    If all of these institutions are planning to buy BTC, why aren't the whales scooping it up?

    On CoinBase Pro, it says that there's about 1,900 BTC for sale up to 60k. That doesn't sound like very many ($110 million). Is this just the CoinBase market?
    $110 million is a lot to me, but nothing to a lot of these big players.
     
  5. user15000

    user15000 Well-Known Member

    Not quite sure what you're asking. The institutions are the "whales." Square just announced a $170m purchase, microstrategy just bought another $1b, etc.

    It takes time for institutional money to move into a brand new asset class. Look no further than the stone ridge news; announced today and they can start buying btc April 26.
     
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  6. HuskerInMiami

    HuskerInMiami Well-Known Member
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    If I am worth 500 million and I know these institutions are going to buy, I would front run them.
    You didn't answer my question on CB.
    You may not know exactly what I'm asking, but try extrapolating. I won't hold it against you if you misunderstood my poor explanation.
     
  7. user15000

    user15000 Well-Known Member

    What you see on Coinbase is what’s available on Coinbase. It doesn’t extend to other exchanges.

    I do think we’ll see a bit of corporate or high net worth fomo, but we’re not near that now.
     
  8. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I thought CoinBase would have been a larger exchange. In Billions:
    upload_2021-2-25_13-56-11.png
     
  9. dblplay1212

    dblplay1212 Well-Known Member
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    From CNN today

    The company said it plans to list its shares on the Nasdaq exchange under the ticker symbol "COIN." More than 43 million investors in more than 100 countries use Coinbase, accounting for $455 billion in trades and $90 billion in assets on the platform, according to the company's website.
     
  10. southside

    southside Well-Known Member
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    Coinbase pro and Coinbase are different.
     
  11. southside

    southside Well-Known Member
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    They are buying. The number of addresses with >1k BTC has been steadily growing.
     
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  12. user15000

    user15000 Well-Known Member

    Exhibit 1

     
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  13. southside

    southside Well-Known Member
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    Sir you know retail doesn’t have 1000 pieces of corn

    retail is here though based on the last month of on chain
     
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  14. Corky Bucek

    Corky Bucek Placeholder for a Custom Title
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    Just bought some more BTC and by more, I mean fractions of BTC and a little ETH.
     
    #12166 Corky Bucek, Feb 25, 2021
    Last edited: Feb 25, 2021
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  15. Brocktoon

    Brocktoon Well-Known Member
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    the last few days has definitely been big money manipulating drops so they can buy back in in large quantities.

    Also after messing around on their dapps, Ethereum as a product sucks. Feel like the only thing keeping it alive is name brand and promise of 2.0. If that sucks or gets delayed too long Ether is probably done
     
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  16. user15000

    user15000 Well-Known Member

  17. southside

    southside Well-Known Member
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    Which dapps did you use?
     
  18. Brocktoon

    Brocktoon Well-Known Member
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    meta
    metamask, uniswap and been researching nfts so opensea and Decentraland. Gas fees were around 40% just to get on the platforms. Tried the debit card option on uniswap and $50 would have endedup being only $17 worth of ether after all the fees and gas
     
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  19. seanofthedead86

    seanofthedead86 Well-Known Member
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  20. HuskerInMiami

    HuskerInMiami Well-Known Member
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    We thinking BTC will be up or down a week from now.

    Just bought .02 BTC. Hope it goes up.
     
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  21. user15000

    user15000 Well-Known Member

    Lol. Are you short-term trading btc? I don’t think anyone has a clue where it is next week. I tell anyone who buys that they should plan to hold for a minimum of 4 years.
     
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  22. dblplay1212

    dblplay1212 Well-Known Member
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    You're better off betting roulette than BTC for a week.
     
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  23. HuskerInMiami

    HuskerInMiami Well-Known Member
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    no. Just accumulating in small chunks.

    It was more or less for fun to see what everyone guessed. I forgot this thread is serious business.

    I think it's above $48,000 at noon next friday, to play my own game.
     
    #12175 HuskerInMiami, Feb 26, 2021
    Last edited: Feb 26, 2021
  24. southside

    southside Well-Known Member
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    yeah it is unusable for small retail, you need a solid $20k to really get started right now. the UI's are notoriously bad across all of crypto.

    If anyone wants to command a 7 figure salary right now in the next 12 months just go learn solidity. there is a massive shortage of devs.
     
  25. user15000

    user15000 Well-Known Member

    I’m not trying to be mean about it...just telling you that short-term price predictions are impossible.

    It could be $40k next week, or on Monday some entity could decide to buy $1B and we’ll be back at $55k.

    I bought this morning at $46.2k for whatever that’s worth.
     
  26. FourClover01

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    While everything else is tanking including ETH with a 25 % drop in the past couple days, ADA is holding strong. Not only holding strong but having a nice green day, when most coins are in the red.

    Big news coming in March, it is hard to stop the momentum ADA has right now.

     
  27. user15000

    user15000 Well-Known Member

    This is not to say that ada won’t do well in dollar terms, but I’ll start caring about it when there’s a reason for me as an individual to possess it and when public/private companies start buying billions of it.
     
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  28. user15000

    user15000 Well-Known Member

  29. seanofthedead86

    seanofthedead86 Well-Known Member
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    A friend of mine is convinced ADA will be at $6 by the end of the year.
     
  30. stangd

    stangd I love scotch. Scotchy, scotch, scotch
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    I have $400 sitting doing nothing, should I throw it it Dogecoin and let it ride? I know nothing about crypto.....
     
  31. Whammy

    Whammy Donde es
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    No - literally anything but that. I’d probably do Bitcoin, it’s had a pullback recently you can buy in to
     
  32. —

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    I have $20 worth of dogecoin. Anything more seems sus. If it nets me a free lunch eventually I’ll be happy.
     
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  33. stangd

    stangd I love scotch. Scotchy, scotch, scotch
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    $400 isn't nearly enough for bitcoin though is it.....I guess I can just buy a little at at time.
     
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  34. Whammy

    Whammy Donde es
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    Bitcoin is divisible at very small amounts, the price a single “Bitcoin,” is irrelevant. You can buy fractional.

    If you’re looking for greatest gain in shortest amount of time then you can try an altcoin but by your own admission you don’t follow the space - would be much riskier than just not overthinking it and buying BTC.
     
    #12186 Whammy, Feb 26, 2021
    Last edited: Feb 26, 2021
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  35. Pirasea

    Pirasea Well-Known Member
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    Ive moved all my BTC to celsius to get the 6.2% interest. Been buying Chainlink and Algorand lately because I like the tech and teams behind them. Algo is currently paying 7+% apy just for holding it so thats a nice bonus as well. Chainlink should start staking rewards soon too.

    Been doing a little research on harvesting some yield from providing liquidity to Defi exchanges but have not jumped in yet.

    If anyone wants a referral code to Celsius let me know, we both get $30 in btc after you move $200 worth of crypto in.
     
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  36. Whammy

    Whammy Donde es
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    southside does the bolded, I won’t pretend to know anything about it. Have my BTC and ETH on Blockfi for the interest, Algorand on Binance
     
  37. kennypowers

    kennypowers Big shit like a dinosaur did it
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    The biggest crypto investor I know is all about defi farming.
     
  38. southside

    southside Well-Known Member
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    This is me
     
  39. Pirasea

    Pirasea Well-Known Member
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    Whats the deal with some of the crazy high yields, like 1000% or more. Are these just pairs that have much higher risk of impermanent loss?
     
  40. southside

    southside Well-Known Member
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    Yep. Usually the token-eth pair rather than a token-USDC/USDT
     
  41. FourClover01

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    My number is 7 by the end of 2021. How do we come up with a 6 or 7 dollar price point in 10 months for ADA?

    Lots of big updates coming out for the Cardano platform this year. If you look at a pure market cap perspective ADA is currently sitting at 43 Billion. Cardano is ETH's biggest threat so to speak. Let's say ADA could get up to where ETH was around a 200 Billion market cap, ADA's price per coin would be $6.43. I think this is very possible especially if Coinbase and Gemini get on board this year and start offering ADA. ETH should still go up in market cap this year as well, but I see a 500B - 600B range for ETH. Currently that would be around 2.5 - 3x increase for the year, where ADA would be going from 35B to 200B, around 6x increase.

    Who knows, but the 6 - 7 dollar range by the end of the year is not out of the realm of possibilities. Also, ADA has just moved up to 3rd in overall crypto market cap behind BTC & ETH, which is happening without being on the two big retail investor exchanges.
     
    #12193 FourClover01, Feb 27, 2021
    Last edited: Feb 27, 2021
  42. Brocktoon

    Brocktoon Well-Known Member
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    I'm in a few on the Binance Smart Chain. Fees are low enough that its much easier to keep compounding your yield and earm decent money without having to put in $1,000.

    Started on ApeSwap with $100 about 10 days ago and have about $180 worth of their token and a farm that produces $7-8 worth more a day.

    The whole things seems risky and I feel like getting in and out quickly on these farms is key so you aren't left holding a bunch of worthless tokens
     
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  43. Harrison Beck

    Harrison Beck Bailout Bro
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    You might be right, scams pump the hardest
     
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  44. FourClover01

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    Ummmm, now who is scamming who?

     
  45. southside

    southside Well-Known Member
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    100%. In and out. You cannot look away when you're in one of those, I can't stress enough. Can go to 0 insanely fast, especially with no fees.
     
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  46. seanofthedead86

    seanofthedead86 Well-Known Member
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    Yeah I'm expecting a huge jump in price once it's listed on Coinbase.
     
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  47. Whammy

    Whammy Donde es
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    All this talk about ETH and ADA, meanwhile the Chinese and BSC will be taking over the world
     
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