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re: Official CryptoTalk Thread

Posted on 12/2/20 at 8:31 am to
Posted by jmcwhrter
Member since Nov 2012
6562 posts
Posted on 12/2/20 at 8:31 am to
quote:

Link did all its gains in a BEAR market based on integrations and utilization. In a true bull Link will pump and pump hard. It still hasn’t made its Ethereum like move but it’s coming soon


What's the story on the team continually dumping tokens into circulating supply? I keep seeing that mentioned but haven't found much to verify it...
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 12/2/20 at 8:59 am to
My understanding is they are selling tokens to fund their operations.

They have dozens of jobs open and are expanding rapidly. They delegate a few staff to each project to ensure it gets integrated correctly and the client gets what they need from chainlink.

All that takes staff and time and money.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80768 posts
Posted on 12/2/20 at 11:23 am to
quote:

I went ahead after watching most the day that I converted my Bitcoin which was a little over 1 and a half! I converted to XLM which now I have 201,000 XLM!
Now you have to pay taxes on that by April 2021. Good luck
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80768 posts
Posted on 12/2/20 at 11:25 am to
quote:

If Bitcoin drops to 7k
(It won’t, maybe he meant 17k)
Then that XLM conversion is going to zero. You can tell the dude has no fricking clue what he’s doing. If BTC is going to lose support, obv you just go in cash. All in XLM??


Exactly this

XLM, the new stable coin!
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
11808 posts
Posted on 12/2/20 at 12:29 pm to
quote:

In a true bull Link will pump and pump hard.

No guarantee of this. The chart against BTC looks the worst it has since early 2018 and the DeFi blue chip alts have taken some shine off link in the last few months.
Posted by jmcwhrter
Member since Nov 2012
6562 posts
Posted on 12/2/20 at 1:00 pm to
quote:

No guarantee of this. The chart against BTC looks the worst it has since early 2018 and the DeFi blue chip alts have taken some shine off link in the last few months.


I keep thinking the same thing, BUT pretty much every ALT/BTC looks equally shitty...
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
11808 posts
Posted on 12/2/20 at 1:15 pm to
quote:

BUT pretty much every ALT/BTC looks equally shitty...

Sushi, YFI, and Aave don’t
Posted by jmcwhrter
Member since Nov 2012
6562 posts
Posted on 12/2/20 at 1:43 pm to
quote:

Sushi, YFI, and Aave don’t


fair enough

if that's where we're at though.. chasing around a handful of coins once a week when any kind of news comes out.. then this "alt season" is gonna be a letdown for most
Posted by CorkRockingham
Member since Jun 2017
502 posts
Posted on 12/2/20 at 2:00 pm to
I’m thinking of selling out to cash before close. Cant make a decision though.

I did sell. 25-30% in less than 30 days in mostly tax leveraged accounts

That’s a good month.
This post was edited on 12/2/20 at 2:12 pm
Posted by supadave3
Houston, TX
Member since Dec 2005
30247 posts
Posted on 12/2/20 at 4:52 pm to
Has anyone had trouble being verified with WYRE? I’m trying to test how I would pull my money out of Coinbase because I’ve never done it before and want to bet the process. When I try to pull $50 out, it ask for Bank Acct and utilizes WYRE for the transaction. I put my name and address in an nothing, it doesn’t ever accept them and just goes back to the same screen.
Posted by tigermike2004
Member since Dec 2018
553 posts
Posted on 12/2/20 at 4:56 pm to
I'll look into it.
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5139 posts
Posted on 12/2/20 at 5:54 pm to
Say baw, this thing that is supposed to happen tomorrow (December 3) is supposed to happen at 10 am per you. What time zone is that?

Eastern?
Central?
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
11808 posts
Posted on 12/2/20 at 7:28 pm to
quote:

I went ahead after watching most the day that I converted my Bitcoin which was a little over 1 and a half! I converted to XLM which now I have 201,000 XLM!

What. The. frick.
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
25946 posts
Posted on 12/2/20 at 7:32 pm to
Tomorrow is the day man
Posted by Tiger1242
Member since Jul 2011
31901 posts
Posted on 12/2/20 at 8:08 pm to
quote:

Has anyone had trouble being verified with WYRE? I’m trying to test how I would pull my money out of Coinbase because I’ve never done it before and want to bet the process. When I try to pull $50 out, it ask for Bank Acct and utilizes WYRE for the transaction. I put my name and address in an nothing, it doesn’t ever accept them and just goes back to the same screen.



I’m having exactly this same problem. Every time I go to log into my bank on WYRE it says it can’t connect
Posted by tigermike2004
Member since Dec 2018
553 posts
Posted on 12/2/20 at 9:09 pm to
Look i seen all the negative post but I did what I did! We will see how it plays out! Can't change what I did but if things go like it may! I may come out really nice! My portfolio is really nice so let's let December and January play out! Not saying I may convert some thing's back but I'll be ok!
Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 12/3/20 at 8:53 am to
quote:

#XRP
#December3
#10AM


Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 12/3/20 at 8:57 am to
Has anyone here determined exactly what is supposed to happen at 10 AM today that is supposed to affect the cryptocurrency market?
Posted by jmcwhrter
Member since Nov 2012
6562 posts
Posted on 12/3/20 at 9:05 am to
seen a few tweets already from people reviewing the agenda for the SEC meeting and it doesn't even mention crypto at all
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 12/3/20 at 10:02 am to
Interesting. Thanks.
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