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re: Official CryptoTalk Thread
Posted on 12/30/20 at 6:19 am to supadave3
Posted on 12/30/20 at 6:19 am to supadave3
quote:
I have $1000 total in crypto and if i figure out a fricking clue what is going on, I’ll invest more. Until then, I’m going to treat that $1000’like a sack of diamonds. I’m very much in the research phase amd have been honest about that since my first post on the money board.
I couldn't present my own situation better myself. Except im at $3k. I am however a bit more loose with it, because every dime is gambling money. AKA I have no problem throwing 1k at trash coin thats getting pumped
1
Posted on 12/30/20 at 6:21 am to Stagliano
quote:
I couldn't present my own situation better myself.
I’m not on here giving advice. Ever. I ask questions. Apparently, you have to drop $50k in Coinbase before ‘crypto is for you.’
My money on here is gambling funds too. I pulled money out my 5dimes account and dumped it into BTC at the onset of Covid. Since then, it’s pumped to $1200 at one point, now like $878 or something but I pulled out $100 to test the withdrawal process.
This post was edited on 12/30/20 at 6:24 am
Posted on 12/30/20 at 7:50 am to supadave3
quote:Dramatic much?
Apparently, you have to drop $50k in Coinbase before ‘crypto is for you.’
Posted on 12/30/20 at 8:00 am to supadave3
That’s what I had into link and it’s above $10k now.
Its like gambling for me and once it’s there I’m leaving it in
Its like gambling for me and once it’s there I’m leaving it in
Posted on 12/30/20 at 8:22 am to jimbeam
Very
Posted on 12/30/20 at 8:55 am to DallasTiger11
quote:
You advise not to buy one scam and then shill one even worse. This thread has way too many shitcoiners in it that are going to cost noobs coming in lots of money
please tell me how it's a scam....I'll wait.
100% completed project.twice audited. (no backdoors unlike a lot of these coins)
This post was edited on 12/30/20 at 9:28 am
Posted on 12/30/20 at 9:36 am to supadave3
Fair enough...here’s a hint though- there is literally no “figuring out” crypto. Everything non bitcoin and maybe ETH, is currently controlled by whales. Prices will usually do what they want it to do.
Bitcoin is the only one that’s been somewhat predictable the past year.
Bitcoin is the only one that’s been somewhat predictable the past year.
Posted on 12/30/20 at 9:54 am to TigerTatorTots
Anyone care to share the long term outlook of ETH?
Posted on 12/30/20 at 10:35 am to TigerTatorTots
quote:
here’s a hint though- there is literally no “figuring out” crypto. Everything non bitcoin and maybe ETH, is currently controlled by whales. Prices will usually do what they want it to do.
I know there is no lock strategy, but just the fact that I have no idea what you mean by ‘whales’ is evidence enough that I need more experience before being able to justify putting ‘real money’ in play.
Posted on 12/30/20 at 10:55 am to Brobocop
quote:
Anyone care to share the long term outlook of ETH?
Posted on 12/30/20 at 11:10 am to Brobocop
Number go up
Posted on 12/30/20 at 1:33 pm to supadave3
A "whale" is someone who owns a large stake in the crypto, no different than someone owning hundreds of thousands of a stock and selling those shares and then the stock tanks.
In crypto some of the smaller ones are Essentially controlled by only a few people which is why some have sky rocketed and the owned of that crypto sold out only to see the crypto become worthless
In crypto some of the smaller ones are Essentially controlled by only a few people which is why some have sky rocketed and the owned of that crypto sold out only to see the crypto become worthless
Posted on 12/30/20 at 1:58 pm to tduecen
I need to spend some time learning about the internal mechanisms of these coins. I see you all talking about the different technical aspects (oracles, block chains, etc) and I really don’t know what any of that means. I’m not a technical dummy, but I’m definitely a crypto dummy. I see some of the conversations in here and I often wonder if the poster even understands what their saying. I’m just that lost about it.
I have favorited a few links though that attempts to simplify some of it. I need to take a day and just learn the basics.
I have favorited a few links though that attempts to simplify some of it. I need to take a day and just learn the basics.
Posted on 12/30/20 at 2:38 pm to Brobocop
quote:
Anyone care to share the long term outlook of ETH?
The only person that really knows the answer to this is Vitalik Buterin. They've already shown they are willing to reset the ledger, also willing to "print" more coins than miners have a hope of mining in years all at once. That kind of defeats the purpose of crypto and doesnt really fit into the narrative of why I think bitcoin is going to explode as FED's keep the printers on.
As wallstreet dips into crypto, ethereum will rise because they wont know which coin is which and will just see the market cap and take the bet into their basket.
I'm focused on bitcoin and only bitcoin, rest of these coins are basically funding for software engineers, not saying you cant and wont make money, but Bitcoin and it's decentralized ledger with no founder, is what is writing the crypto story in my honest opinion. Alt coins, go directly opposite to this. Maybe it's a great idea, ut as long as a few people control any coin, I cant see the end game playing out.
I'm new to believing in crypto, but I've been watching it for years; so I'll let someone else explain how I'm wrong. I've thrown out my thesis, someone steer me a different direction.
ETA: my advice would be if you need to ask basic technical questions about alt coins; put that money into bitcoin instead. Really educate yourself before dipping into alt-coins, you have to figure out for yourself if the story of that coin really makes any sense. Unless you just want to trade graphs; then go for it.
This post was edited on 12/30/20 at 2:44 pm
Posted on 12/30/20 at 2:42 pm to supadave3
I follow Algo because of the platform and it tends to follow Chain link as well.... I don't think it will ever be a BTC but a $5 coin in the next 3 years is reasonable. Which is where Link was years ago, I threw a few hundred at it and forgot about it until it started to run. Then I sold when it ran up to $20.... Following it every day would give me a headache
Posted on 12/30/20 at 4:17 pm to tduecen
https://finance.yahoo.com/news/binance-us-says-delist-xrp-202951754.html
quote:
Binance US Says It Will Delist XRP on Jan. 13
Posted on 12/30/20 at 5:23 pm to tduecen
quote:
but a $5 coin in the next 3 years is reasonable. Which is where Link was years ago
What? Chainlink first reached $5 back in the beginning of July this year.
Posted on 12/30/20 at 5:30 pm to CE Tiger
Pretty sure it hit $5 a couple years ago and tumbled shortly thereafter, didn’t it?
I have a memory of my ex telling me to sell and that’s been two years
I have a memory of my ex telling me to sell and that’s been two years
Posted on 12/30/20 at 5:44 pm to DallasTiger11
quote:
Are you serious or trolling? I know you aren’t a crypto fan
Serious. I have in the neighborhood of a million VET coins.
I've been a fan of crypto for a long time. I mined bitcoin when it was easy to mine but not worth shite. What I'm not a fan of is shilling shite coins that causes people to lose money. That has been done a lot here in the past.
Posted on 12/30/20 at 5:48 pm to stout
You mean XRP?
Whoops
Whoops
quote:
XRP's market cap has fallen by 93% from $137B to under $10B. That makes the value of the XRP collapse bigger than Enron and Worldcom.
While not a bankruptcy, XRP is effectively the third largest collapse of all time behind Lehman Brothers and Washington Mutual.
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