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

  2. kennypowers

    kennypowers Big shit like a dinosaur did it
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    AVAX is putting the team on his back for me this weekend.
     
  3. danny2430

    danny2430 Well-Known Member
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    Elrond saying “I’m here too fam”
     
  4. user15000

    user15000 Well-Known Member

    Are you now up to speed on what El Salvador is doing during the dip?

     
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  5. ANTWONE

    ANTWONE Hello
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  6. ANTWONE

    ANTWONE Hello
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    It’s cool that El Salvador is trying something new, but aren’t they an extremely poor country with a handful of very elite folks? Isn’t the right always having nightmares about killer El Salvador caravans coming to the US?

    What am I missing here that makes El Salvador and BTC such a big deal?
     
    jorge likes this.
  7. dblplay1212

    dblplay1212 Well-Known Member
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    If someone is pro-btc, nothing else matters to btc folks.
     
    jorge, All_Luck, Lyrtch and 2 others like this.
  8. ANTWONE

    ANTWONE Hello
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    Hard for me to believe that corrupt ass government is adopting BTC because it’s going to help anyone but themselves.
     
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  9. dblplay1212

    dblplay1212 Well-Known Member
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    That doesn't matter to btc guys.
     
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  10. Whammy

    Whammy Look kids, Parliament!
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    It's more that it shifted the overton window for countries looking to adopt BTC/Crypto into their treasuries and opens a window for competing private currencies with government-endorsed fiat currencies.

    Not a fan of the maxis and I definitely have my suspicions as to why El Salvador adopted it (wash drug cash), but in the big scheme it was a big first step towards more legitimate adoption even if El Salvador itself doesn't move the needle that much
     
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  11. ANTWONE

    ANTWONE Hello
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    But what country is going to follow El Salvador to do anything? That place is beyond corrupt and essentially under totalitarian rule.
     
    Whammy likes this.
  12. The Milkman

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

    3rd world countries that are tired of dealing with the IMF and want to YOLO
     
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  13. Whammy

    Whammy Look kids, Parliament!
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    After El Salvador, Paraguay and Brazil announced they were looking at something similar. Brazil has over 200M people, that domino falls….
     
  14. user15000

    user15000 Well-Known Member



    no clue why tweets sometimes don’t embed, but software firm Phunware added 398 btc to their treasury for $23.8m.
     
  15. HuskerInMiami

    HuskerInMiami Well-Known Member
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  16. HuskerInMiami

    HuskerInMiami Well-Known Member
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    tweet unavailable.
     
  17. user15000

    user15000 Well-Known Member

    Brazilians can buy and hold btc through Mercado Libre app—largest LatAm company.

     
  18. soulfly

    soulfly Well-Known Member
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    There’s still a chance.

    I’ll eat my words if BTC gets to 100k by the end of the year, but a holiday sell-off looks to be in full effect. And then people will get their holiday bonus and slam money back in.
     
    Tug likes this.
  19. PSU12

    PSU12 The Grand Experiment
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    The people that move these markets aren’t selling their crypto for Christmas gift money
     
    danny2430 likes this.
  20. beerme

    beerme Well-Known Member
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    It’s a tax thing, sometimes rich people want to realize a loss before the end of the year
     
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  21. ANTWONE

    ANTWONE Hello
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    33A4B3A8-6980-4972-8C04-C14BB6E4E8A8.jpeg
     
  22. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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  23. PSU12

    PSU12 The Grand Experiment
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    Good week for Cardano
     
  24. DuffandMuff

    DuffandMuff Well-Known Member
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    Almost time for me to hop back in.
     
  25. huskerrolly

    huskerrolly Well-Known Member
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    why has MANA been doing so well while everything else has been falling?
     
  26. Tug

    Tug Well-Known Member
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    It took off when Facebook rebranded to meta and put emphasis on meta verse
     
  27. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Re: $TRIBE



    So I listened to the town hall last week - not much in the way of details, just the founders very excited about a potential merge. Two really talented dev teams, one with a huge treasury and adoptable stable coin backed by ETH, the other with a cutting edge/growing yield aggregator that could really utilize and grow the aforementioned stable coin’s adoption rate (creating more revenue for $TRIBE). Essentially, depending on the price of ETH, TRIBE would be buying Rari for ~$400MM. Many people have pointed out TRIBE could spend half, a 1/4 of that amount and hire solid devs to build out their own protocol - counter argument is Rari’s team is better than “solid” with a proven/growing protocol and the synergies when merged would be instant.

    Basically this goes from a value play to a growth play, depending on ETH’s price much of the current discount to book would be erased/TRIBE equity lost if TRIBE bought Rari, but we’d have a better product/stable coin in the end.

    They’re still working out the details/numbers of the proposal before it’ll be out for vote at each respective DAO.
     
    a1ND and letan like this.
  28. Whammy

    Whammy Look kids, Parliament!
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  29. danny2430

    danny2430 Well-Known Member
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    I do think when Sundaeswap is released it will see a pretty significant pump, if it actually works

    Big if
     
  30. user15000

    user15000 Well-Known Member



    fucking Twitter links and/or this board are broken
     
  31. dblplay1212

    dblplay1212 Well-Known Member
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    They work for everyone else so it seems like a user error.
     
    Iron Mickey likes this.
  32. dblplay1212

    dblplay1212 Well-Known Member
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    Not an Adidas fan but this fits here.

     
  33. jorge

    jorge Founder of Post ITT if your team sucks
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    It's PEBCAK or Layer 8, please.
     
  34. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    I’ve been advised not to empty the clip into discounts yet, wait for tax season, expecting more capitulation over the next few months.

    That said, I bought 10k more $TRIBE at $1 against the advice of everyone.
     
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  35. danny2430

    danny2430 Well-Known Member
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    Would somewhat make sense considering how strong November has been in past years. However, with fear and greed index being at 21, definitely expect at least a bit of a bounce back. Staying that low for very long doesn’t really happen outside of a bear market.

    I also bought a good chunk today. Had limit orders set up a couple days ago that I thought would most likely never hit
     
    #18888 danny2430, Nov 26, 2021
    Last edited: Nov 26, 2021
    HuskerInMiami likes this.
  36. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay Lightning

    Micro strategy has purchased an additional 7,002 bitcoin for $414M. Now holds 121,044 Bitcoin.
     
  37. Whammy

    Whammy Look kids, Parliament!
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    Absolute madman, whatever the outcome it's going to be highly entertaining
     
    The Milkman likes this.
  38. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I'm currently down 26% on my TRIBE.
     
  39. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    [​IMG]
    TMB Exit Liquidity LLC
     
  40. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Mostly cause market shat itself last week. I’d be patient on cutting it.

    I don’t have a position, but getting involved with Rari is bullish.
     
  41. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Why does he always get such bad fills? I get it that it doesn't matter, DCA, but he could have bought at 55k instead he'd get an extra 510 BTC.
     
  42. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Whenever I buy, I hold now. It almost hit .90 and I was preparing to buy 5k worth (bc I said I would earlier in the thread, not because I necessarily believe in it).
     
  43. user15000

    user15000 Well-Known Member

    Hindsight is 20/20. I think he buys ASAP when he has any available cash. He’s said on multiple occasions that for previous buys he would’ve paid double, triple, etc. what he paid. My guess is that he thinks it’s more likely to go up than down, so he doesn’t concern himself with trying to time short-term movements. And $3.5B with an average price below $30k isn’t exactly a bad cost basis.

    His thesis is to hold forever and that it’s a $100-300 trillion asset. Buying at $55k versus $58k is a rounding error if you think it’s ultimately $10m/btc.
     
  44. HuskerInMiami

    HuskerInMiami Well-Known Member
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    What should I buy?

    LINK at 25.28
    DOT at 36.84
     
  45. HuskerInMiami

    HuskerInMiami Well-Known Member
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    ...or it's an extra 510BTC x 10,000,000 = 5.1B if it is ever worth 10m/BTC.

    I'm not really talking about the pricing he gets in at. My point is he tends to pay over value at the time. It's easier to visualize. He bought at the blue line.
    upload_2021-11-29_13-4-34.png
     

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