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re: Official CryptoTalk Thread

Posted on 1/14/21 at 7:02 pm to
Posted by TigeRoots
Member since Oct 2008
8547 posts
Posted on 1/14/21 at 7:02 pm to
Grabbed some LINK today, as I’m easing back into Crypto. Shoulda never got out years ago. LINK and BTC have been my only buys so far. LINK on a roll.
Posted by CE Tiger
Metairie
Member since Jan 2008
41878 posts
Posted on 1/14/21 at 7:55 pm to
Funny story. My cousin who is a financial advisor in chicago called me today so I could explain Bitcoin to her because she has a client that is sitting on 3 BTC and was asking for advice .
Posted by TigeRoots
Member since Oct 2008
8547 posts
Posted on 1/14/21 at 7:59 pm to
Ha, you think she understood what you were explaining?
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 1/14/21 at 8:04 pm to
quote:

Defi projects are the move this alt season, get in or get left

And Link will be at the top of that list


HEX

https://www.thisismoney.co.uk/money/markets/article-9138547/Beyond-Bitcoin-Number-two-crypto-Ethereum-climbing-faster-given-rise-DeFi.html?ito=native_share_article-top
Posted by CE Tiger
Metairie
Member since Jan 2008
41878 posts
Posted on 1/14/21 at 8:16 pm to
How the frick is Link not listed in the top performing asset section of that article
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 1/14/21 at 8:20 pm to
Enjoy your Hex. I’m good with Link, AAVE, Uni, and Sushi.

Wish I had gotten into Rook and SNX earlier, too
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5492 posts
Posted on 1/14/21 at 8:20 pm to
Because it didnt go from .0002 to .001 like Hex did.
Posted by CE Tiger
Metairie
Member since Jan 2008
41878 posts
Posted on 1/14/21 at 8:29 pm to
Yea but it lists Band ....
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/14/21 at 8:37 pm to
I hold some band. If it takes even a small share of LINK space I’ll do Ight
Posted by rocket31
Member since Jan 2008
41880 posts
Posted on 1/14/21 at 9:04 pm to
so MSTR pumped 21% today? little too much pump vs spot to not raise suspicion imo

suggests to me someone has positive insider information
This post was edited on 1/14/21 at 9:04 pm
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 1/14/21 at 9:19 pm to
Seems excessive, they are only 50% in btc according to btc treasury.org LINK to btc treasury
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82025 posts
Posted on 1/14/21 at 9:29 pm to
MSTR is far outpacing BTC price. It very well could be that it is one of the few options for certain institutional investors to get exposure. Take Morgan Stanley for example - they bought 11% of MSTR because their charter would have to be altered.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/14/21 at 9:30 pm to
Did y’all see or did I read correctly Grayscale has something like 5% of all circulating BTC?
Posted by rocket31
Member since Jan 2008
41880 posts
Posted on 1/14/21 at 9:41 pm to
whoa thanks for that link. interesting
Posted by rocket31
Member since Jan 2008
41880 posts
Posted on 1/14/21 at 9:46 pm to
yea but the exposure thesis is nothing new, I'm just curious why it pumped 21% in one day... seems excessive? idk

good news from nyag about the tether fud perhaps?
This post was edited on 1/14/21 at 9:47 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82025 posts
Posted on 1/14/21 at 9:50 pm to
Today's pump? Yea I have no clue and was wondering myself what was causing it.
Posted by rocket31
Member since Jan 2008
41880 posts
Posted on 1/14/21 at 9:52 pm to
good news for you lol
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 1/14/21 at 9:57 pm to
Yep, tried to buy galaxy digital btc but it’s banned in my current ira provider.

They really do not like competing with unlicensed banks (defi)
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 1/14/21 at 11:19 pm to
I’m not sure if anyone is sweating out Binance shutting you out after 14 days, but it’s a real pain in the arse.

It’s a 2 BTC limit withdrawal per 24 hours.
It’s extremely hard to find exchanges that have wallets for everything. My buddy Noz showed Metamask as a possible means to switch stuff over to Eth and sell it from there.

Either way, don’t wait until the day or two before. It took me a few hours to get everything rolling and now I have to wait 24 hours before I can transfer more out.
Posted by rintintin
Life is Life
Member since Nov 2008
16944 posts
Posted on 1/15/21 at 4:41 am to
I own Grayscale and Bitwise in my IRA.

Grayscale mimics the price of BTC fairly well, but can swing harder.

Bitwise on the other hand, which holds the top 10 cryptos, has swung wildly in recent weeks. It was up over 200% in one day recently, and gave it all back just as fast. Considering its 80% BTC and 15% ETH, that move was wild.

I think these crypto funds will be subject to those moves because most people still dont know how to buy crypto and if they hear about a run up they'll buy these funds trying to join the party.
This post was edited on 1/15/21 at 4:43 am
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