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.
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.
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.
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.
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.
Sir you know retail doesn’t have 1000 pieces of corn retail is here though based on the last month of on chain
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
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
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.
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.
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.
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.
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.
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.
I have $400 sitting doing nothing, should I throw it it Dogecoin and let it ride? I know nothing about crypto.....
No - literally anything but that. I’d probably do Bitcoin, it’s had a pullback recently you can buy in to
I have $20 worth of dogecoin. Anything more seems sus. If it nets me a free lunch eventually I’ll be happy.
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.
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.
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
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?
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.
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
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.