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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    Wish you would’ve asked earlier this week and I may have suggested DOT with their parachains release upcoming

    Thinking Solana is definitely still a better play, just getting so much more attention than the other layer 1 ecosystems. Chainlink as an oracle network seems to be pretty reliant the success of ethereum and cardano. Polygon is a really good project but just isn’t getting the hype right now, which seems to be a majority of what matters lately.

    Also going to emphasize that I don’t know shit about fuck
     
  2. mal630

    mal630 Well-Known Member
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    This is money I expect to lose. Just don't want to have it in something that I got in the tail end of a pump and dump.
     
  3. kennypowers

    kennypowers Big shit like a dinosaur did it
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    LINK and MATIC are solid IMO, just depends on how long you are willing to sit on them. I recently shifted entirely out of those and back into ETH and BTC expecting new ATH's sometime this year, then once they cool off take some profits and put it back into the smaller projects.

    Also my default caveat that I know less than everyone so you should probably fade my strategy.
     
  4. mal630

    mal630 Well-Known Member
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    I put it into Sol. Still have BTC and ETH
     
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  5. danny2430

    danny2430 Well-Known Member
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    Ehh I used to talk shit about Solana but then their transaction levels and utilization skyrocketed. They aren’t going anywhere

    DOT isn’t either, Gavin Wood is one of the top guys in the business

    Small/micro caps will offer higher risk/reward, but I tend to stick around the top 100 to avoid potential pump and dumps
     
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  6. mal630

    mal630 Well-Known Member
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    I wasn't implying SOL is a pump and dump. I have no idea what polygon and chainlink were and lost money on them so assumed I was just holding the bag.
     
  7. danny2430

    danny2430 Well-Known Member
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    Damn DOT have yourself a day
     
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  8. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    What websites or resources are we using outside of TMB and Twitter for researching crypto?

    Any particular websites to avoid?

    Not going anywhere with this. Just curious what sites people frequent or what you've got bookmarked.
     
  9. jorge

    jorge Founder of Post ITT if your team sucks
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    I peruse small cap discords and telegrams
     
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  10. danny2430

    danny2430 Well-Known Member
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    I’m sure you know this, but as a warning to anybody else who might be new to crypto youtube….avoid Bitboy at all costs, dude is a shilling idiot
     
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  11. user15000

    user15000 Well-Known Member

    Futures is dumb

     
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  12. danny2430

    danny2430 Well-Known Member
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    Really hoping we hold at least above 56k until friday….nice amount of puts set to expire

    If we somehow hold 58k through tomorrow there could be fireworks
     
  13. user15000

    user15000 Well-Known Member

    Not the first article to go through this topic, but for anyone interested in the history of digital money (and for a better understanding of why btc is not blackberry if that’s still a talking point).

     
  14. Baseballman86

    Baseballman86 Well-Known Member
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    A coworker is talking to me about helium mining, but in my 5 mins of research I see virtually all of the rigs are out of stock or have 3-5 month lead times for shipping.

    anybody currently doing this or has the boat sailed already?
     
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  15. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Crypto is so much fun when things go up.
     
  16. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I looked into this for about 30 minutes maybe 6 months ago. I realized I likely wouldn't get a rig, and once I did, I wasn't confident I'd know wtf I was doing.
     
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  17. Tug

    Tug Well-Known Member
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    This shouldn’t stop anyone
     
  18. Whammy

    Whammy Look kids, Parliament!
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    Twitter and project discords
     
  19. HuskerInMiami

    HuskerInMiami Well-Known Member
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    LINK is up 11% since the discussion to sell it yesterday. Glad I held mine.

    Currently sitting at:
    ETH - 64%
    BTC - 23%
    SOL, LINK, MATIC, LTC <5%

    Bonus: $100 SNX I bought when I was drunk over the weekend.
     
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  20. HuskerInMiami

    HuskerInMiami Well-Known Member
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    This is a really long read, but I am appreciative I took the time to read it.
     
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  21. Whammy

    Whammy Look kids, Parliament!
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  22. danny2430

    danny2430 Well-Known Member
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    Alt season incoming, just a matter of when

    Saw 30% BTC and 25% ETH dominance when 2.0 hits, which would be nuts
     
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  23. HuskerInMiami

    HuskerInMiami Well-Known Member
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    If ETH gets that close to BTC, do you think a short term flippening could happen? I am hoping that it would cause ETH to run even higher just to say it did it.
     
  24. danny2430

    danny2430 Well-Known Member
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    They could get close, one thing that would end the conversation is if an actual spot BTC ETF gets approved in Q4/Q1 22. Don’t see ETH overtaking if that actually happens, but if they all get denied, BTC would lose momentum just when the 2.0 train is ramping up
     
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  25. user15000

    user15000 Well-Known Member



    future approval is imminent.
     
    #18177 user15000, Oct 14, 2021 at 4:06 PM
    Last edited: Oct 14, 2021 at 4:12 PM
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  26. user15000

    user15000 Well-Known Member

    Btc dominance is a silly metric and not something anyone should use. It relies on thousands of illiquid coins that few people trade to come up with flawed “market cap” numbers to then compare to btc. Try selling a shitload of cumcoin or some other top 500-1000 coin and see how much the market moves and how low the trading volume is.
     
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  27. danny2430

    danny2430 Well-Known Member
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    I don’t totally agree here, as the top 100 cryptos make up 97% of the market cap, all the shitcoin activity really isn’t going to have much effect on the metric

    Is it mostly arbitrary? Probably

    Can it be used for an overall trend of altcoins gaining steam against BTC? Maybe somewhat

    I think better metrics would be looking at market cap trends between all crypto and the S&P
     
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  28. user15000

    user15000 Well-Known Member

    A vast majority of the top 100 coins are not liquid. Also market cap as a thing is highly questionable in the first place. Page 23 of Allen Farrington’s article Only the Strong Survive does a good job of explaining why.
     
  29. danny2430

    danny2430 Well-Known Member
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    Pretty sure this guy has tweeted the same exact thing multiple times in the past year

    Edit: yeah the article was written in June too
     
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  30. Whammy

    Whammy Look kids, Parliament!
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    The number 100 coin, CRV, has a 1.1 bn cap and did 250 million in volume today
     
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  31. FourClover01

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    Excuse me sir, where is your ADA bag?
     
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  32. danny2430

    danny2430 Well-Known Member
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    Bloomberg reports that futures etf should be getting approved….we get a jizzworthy candle….and we are looking at complete dominance over all of tomorrows liquidating puts/shorts

    Good times boys
     
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  33. brolift

    brolift Well-Known Member
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    Not enough alts
     
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  34. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan

  35. kennypowers

    kennypowers Big shit like a dinosaur did it
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    Dumb question: when do option contracts expire for crypto? Obviously with securities it’s at market close on the expiry date, but since this market never closes I’m just assuming midnight eastern or something?
     
  36. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Usually use UTC time not eastern
     
  37. danny2430

    danny2430 Well-Known Member
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    Yeah if we hold these levels until 8pm est we might be in for some fun times
     
  38. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    I see the tether fines as bribes/extortion plain and simple. Just a cost of doing business for Tether
     
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  39. danny2430

    danny2430 Well-Known Member
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    Yes we all know futures ETFs suck, but how is this not better than having nothing? Does it not get more institutional money into the crypto market?

    Yes for all of us, it makes much more sense to just buy BTC, but these ETFs aren’t for retail investors
     
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  40. user15000

    user15000 Well-Known Member

    It’s obviously a good step. Just could be better.
     
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  41. user15000

    user15000 Well-Known Member

    Hut 8 up 17.5% today. Marathon up 9.5%.

    Lol
     
  42. danny2430

    danny2430 Well-Known Member
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    Lol LINK pumped yesterday and MATIC is pumping now

    You were two days early on the trigger
     
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