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

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

  1. user15000

    user15000 Well-Known Member

    They’re back ordered because there is a huge demand and a massive chip shortage globally. Companies like bitmain make a ton of money. But it’s not exactly easy for a Chinese company to stand up mining operations in Texas, Canada, or anywhere else.
     
  2. user15000

    user15000 Well-Known Member

  3. jorge

    jorge Founder of Post ITT if your team sucks
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    I'm pretty sure Antminers have been backordered for years, aside from the oldest models. I've tried to get one for a long time on and off.
     
  4. HuskerInMiami

    HuskerInMiami Well-Known Member
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    You have some miners I thought. I forget what you were mining, but I hope they're doing good and on their way to the moon.
     
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  5. user15000

    user15000 Well-Known Member

  6. user15000

    user15000 Well-Known Member

  7. danny2430

    danny2430 Well-Known Member
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    Seems like a sorta big deal, if approved
     
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  8. danny2430

    danny2430 Well-Known Member
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    Are we really thinking a BTC futures ETF goes through this month? If so, wonder how much impact it would make compared to an actual BTC ETF
     
  9. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I thought they pushed them back a couple months so they could review. I saw the Coinbase guy put them (SEC I think) on blast in the last few weeks.
     
  10. danny2430

    danny2430 Well-Known Member
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    Yeah physically backed ETFs got pushed to late November- early December

    Futures backed (apparently something Gensler likes better) is still set for a Oct.18 decision date and has yet to be pushed (still a good chance it does though)
     
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  11. user15000

    user15000 Well-Known Member

    Futures shouldn’t have much impact I don’t think. Also fucks customers more. They should just approve the spot etf.
     
  12. danny2430

    danny2430 Well-Known Member
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    It’ll get approved….one day. Maybe an early Christmas present for us?

    When that finally happens it’s freaking blastoff time
     
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  13. danny2430

    danny2430 Well-Known Member
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    Looks like a ton of shorts are getting destroyed today
     
  14. soulfly

    soulfly Well-Known Member
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    Should I convert some of ETH and or ADA/SOL into BTC? I went lowest on BTC because from a lay perspective, I just don’t understand the long term feasibility of BTC. For perspective, I'm currently like 60% ETH.
     
    #18064 soulfly, Oct 5, 2021
    Last edited: Oct 5, 2021
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  15. jorge

    jorge Founder of Post ITT if your team sucks
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    Mainly eth mining, which is done more with consumer hardware. Thank you though!
     
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  16. user15000

    user15000 Well-Known Member

  17. danny2430

    danny2430 Well-Known Member
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    I would say it really depends on your desired risk. However, unless you are 100% sold onto something (doesn’t sound like you are), I would probably never have more than half my portfolio into a single project/token
     
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  18. user15000

    user15000 Well-Known Member

    Why the comment on feasibility? I think if you asked some of the main people in the space to pick something that exists in 10+ years (even someone like Raoul Pal who is all in on eth) the consensus answer would be btc. They own other stuff because they want to go farther out on the risk curve.

    And owning ada while questioning the feasibility of btc is pretty incongruent.
     
  19. soulfly

    soulfly Well-Known Member
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    Just stuff I've read on energy requirements and transaction speeds :idk:
     
  20. user15000

    user15000 Well-Known Member

    An entire country is onboarded onto the lightning network, so transaction speeds aren’t a problem imo.

    The energy stuff has been written about and discussed ad nauseum. This is probably the best place to start: https://www.lynalden.com/bitcoin-energy/
     
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  21. danny2430

    danny2430 Well-Known Member
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    Honestly didn’t even notice that he had mentioned ADA

    If we held a poll on any top 10 coin being worth nothing in five years, I think cardano would be pretty close to unanimous winner
     
  22. Andy Reocho

    Andy Reocho Please don't get lost in the sauce
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  23. FourClover01

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    [​IMG]
     
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  24. user15000

    user15000 Well-Known Member

    Btc drops 10% in a day and the usuals show up acting like it’s the worst thing on earth. Btc rips back to $55k and this thread is awfully quiet.

    Dow futures down, btc up 9%. The next few months could be quite nice.
     
  25. danny2430

    danny2430 Well-Known Member
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    Bears getting destroyed the past two days

    All the bear patterns completely invalidated in the past hour
     
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  26. danny2430

    danny2430 Well-Known Member
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    Will be interesting to see what level we start consolidating at….because all the major resistance is pretty much gone until ATH
     
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  27. danny2430

    danny2430 Well-Known Member
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    Hoping you made some moves

    Looking more and more like we’re in BTC season and alts will wait their turn
     
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  28. user15000

    user15000 Well-Known Member

    I bought the maximum amount of btc with every spare dollar I’ve had since like mid-2017. And I’ll keep doing so every 2 weeks when I get paid.
     
  29. danny2430

    danny2430 Well-Known Member
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    Sorry meant for the other guy who was asking about trading
     
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  30. danny2430

    danny2430 Well-Known Member
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    Look a couple posts back
     
  31. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    We're going to 200k
     
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  32. user15000

    user15000 Well-Known Member

    I don’t disagree. Timing is obviously harder to predict. I’ll be surprised if it isn’t over $100k in the next 3-6 months.
     
  33. dblplay1212

    dblplay1212 Well-Known Member
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    lol come on you posted this within 5 minutes of a big spike. Just checked my account for today and happy to see it.
     
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  34. FourClover01

    Donor

    I see one more big run for this bull market over the next 1-3 months. Who knows what happens in 2022, but it could be more bearish than bullish. It could be a good time to grab some more positions at a discounted rate. I had ADA by the end of 2021 at 6-7 dollars, a lot movement needs to happen in the next 2 and half months for that to happen.
     
  35. brolift

    brolift Well-Known Member
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  36. Chumbolone

    Chumbolone Well-Known Member
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    The uncorrelated price movement is giving me a semi. What if…?


    Someone should check in on Lyrtch
     
  37. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    its definitely an interesting change if it holds up

    i don't know why i need to be checked on though
     
  38. Andy Reocho

    Andy Reocho Please don't get lost in the sauce
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    Because you're a big huge hater, obviously.

    Hater.
     
  39. danny2430

    danny2430 Well-Known Member
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    Hearing more and more that Q4 might be BTC season and Q1 2022 might be altcoin season.

    ETH is going to get some serious buzz later this month as the 2.0 upgrades start taking place, and I assume the 2.0 price will start getting baked in by early 22

    After that we might be in for some boring times unless we get huge institutional adoption news
     
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  40. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    ^^^ called it back in April ^^^
     
  41. Whammy

    Whammy Look kids, Parliament!
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    TBH nothing could make me happier than BTC mooning, means ETH & alts have more room to run.....brings in retail mania and I put my parents in GBTC & ETHE so "go orange coin" as far as I'm concerned. Rooting very hard for BTC
     
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  42. Whammy

    Whammy Look kids, Parliament!
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    Only thing I'm not looking forward to are the renewal of the doggy coins
     
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  43. letan

    letan Just looking for the gator board
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    As a small bag holder of poodl coin this is hurtful and mean
     
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  44. danny2430

    danny2430 Well-Known Member
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    SHIB to a dollar bro
     
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  45. ANTWONE

    ANTWONE Hello
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    Reading this thread always cracks me up.. user15000 gets so weird about BTC
     
  46. user15000

    user15000 Well-Known Member

    If it’s weird to care about a decentralized asset class that’s gone from nothing to where it’s at today, then consider me weird as fuck. I think everyone ignoring or dismissing btc is weird.
     
  47. brolift

    brolift Well-Known Member
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  48. Whammy

    Whammy Look kids, Parliament!
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    TBH Bitcoiners aren't the most welcoming for new adopters and higher beta plays (albeit riskier) outside the corn exist. Think it's that simple. Also unit bias.

    Did you listen to the McCormack podcast with Udi, Cobie, Gladstein, and the other bitcoin guy? Have never listened to McCormack but the subject matter interested me.

    Curious for your take
     
  49. user15000

    user15000 Well-Known Member

    Yes I listened and listen to most everything McCormack puts out. It was a good discussion. Farrington wrote that article we went back and forth on recently. I definitely don’t think everything is a scam or that screaming “scam” is productive. But I do tend to align with McCormack, Gladstein, and Farrington.

    I think that there’s basically btc as this global savings/monetary asset (that I don’t view as risky), and everything else that I view as highly risky and like investing in early stage tech companies. And I think the vast vast majority of the latter will trend to zero in btc terms. But if people want to dabble in that (for unit bias or other reasons), far be it from me to stop them. I just don’t think it’s particularly smart. I also recognize that btc maxis on Twitter aren’t exactly the sole way this is spreading. 90+% of my close friends and family have bought btc after me basically sending a few articles/podcasts/videos.

    The recent McCormack pod with the guy who worked for and left the ETH foundation recently might be something you’d find interesting. Whatd you think?
     
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  50. Whammy

    Whammy Look kids, Parliament!
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    Haven't listened to it yet but will commit to doing so re: ETH foundation guy, have a long drive ahead of me this weekend.
     
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