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re: Official CryptoTalk Thread
Posted on 2/25/21 at 9:49 pm to TomSpanks
Posted on 2/25/21 at 9:49 pm to TomSpanks
quote:
But there are so many Youtube videos and posts on here with chart analysis, what are they analyzing?
They all draw the same lines. Support here, resistance there, etc etc
Then 100k amateur "traders" see that video and when the price hits support from the video, they buy it
Its the tail wagging the dog
1
Posted on 2/25/21 at 9:52 pm to TomSpanks
the thesis on bitcoin hasnt changed. when youre getting scared or worried like this, its the time to buy
anyways charting is all pretty dumb, even michael saylor who puts billions into bitcoin thinks its irrelevant
anyways charting is all pretty dumb, even michael saylor who puts billions into bitcoin thinks its irrelevant
Posted on 2/25/21 at 9:55 pm to TomSpanks
quote:
Youtube videos and posts on here with chart analysis, what are they analyzing?
Price action...which has nothing to do with fundamentals in the equities valuation sense.
Read up on technical analysis, but don't take it too seriously. The self-fulfilling nature of TA is exaggerated in cryptoland because there is no real fundamental anchors in which to ground expectations.
In cryptoland we're all smoking hopeium. The few who aren't still have a contact high!
Posted on 2/25/21 at 10:20 pm to Douglas Quaid
Coinbase gets approved for Wall Street
LINK
LINK
quote:
“We have applied to list our Class A common stock on the Nasdaq Global Select Market under the symbol ‘COIN,'” Coinbase wrote.
This post was edited on 2/25/21 at 10:22 pm
Posted on 2/25/21 at 10:30 pm to finchmeister08
Have a question about mining cryptocurrency. I understand that the days of mining are somewhat over due to the amount of energy taken. How about if energy is free? Lots of natural gas is flared off. Could you build out a shipping container with servers/AC, etc to mine Bitcoin and power it using a generator ran off of free natural gas? Still doubtful it would be worth it.
Posted on 2/25/21 at 10:38 pm to diat150
Very worth it - look into Great American Mining Company. That is exactly what they do
Posted on 2/25/21 at 10:44 pm to finchmeister08
quote:
Coinbase gets approved for Wall Street
This + Square buy + Saylor additional buy + tether settlement ...
Thats alot of good press/news
Posted on 2/25/21 at 10:48 pm to TigerTatorTots
Interesting
Posted on 2/26/21 at 12:24 am to jmcwhrter
quote:
They all draw the same lines. Support here, resistance there, etc etc
Then 100k amateur "traders" see that video and when the price hits support from the video, they buy it
Its the tail wagging the dog
Good you are dumb as frick. I haven't posted chart analysis on here in a while mainly because we keep them on discord or telegram.
It was posted three days ago to get out everything for now and lock in profits.
FYI the play was shorting bitcoin
quote:
Risky Trade
SHORT BTC: 49-50k
Targets: 46, 44, 42, 40, 38.5
SL (stop-loss): 4 hour close above 52k
wouldn't risk more than 10% of your portfolio and I would would keep it below 10x leverage.
Btc failed to have a 4 hour candle close above 52. A reminder went out at 630 that there was still time to get in.
Just because you have ptsd and are a tard doesn't mean analysis are not useful.
On correction days though, all the fundamental analysis is gone.
And why do all you long term holders worry about this anyways? Just leave it due 3-5 years and you will have 4-5x the money.
Why even check the price? Just set and forget.
Posted on 2/26/21 at 5:50 am to lsu777
quote:
And why do all you long term holders worry about this anyways? Just leave it due 3-5 years and you will have 4-5x the money. Why even check the price? Just set and forget.
Not to argue because I agree with you but the 3-5 year window is right now since the 2017/18 crash, so it’s natural to be thinking of an exit plan. The money is a lot bigger this go round for many of the long term holders
I don’t think we are anywhere close to that (and it’s likely not going to happen like it did in 2018) and have several more corrections to go after this one. Next month (or next week) we will have forgotten about this and be sitting at all time highs across the board
Posted on 2/26/21 at 5:55 am to lsu777
What discord are you referring to?
Posted on 2/26/21 at 5:56 am to TomSpanks
quote:
That's not the point, the point is what is driving this drop? If anything, Link has had nothing but positive press lately, yet it's fallen almost 50% in 2 months. It just doesn't make sense.
Link was $11 on December 26 and $23 January 26 a whole month ago. It’s still rocking. Its just crypto. They can’t go up forever and these corrections happen. March 26 you should bump this and see where we are. I would bet way up if not ATH
Posted on 2/26/21 at 6:18 am to lsu777
quote:
It was posted three days ago to get out everything for now and lock in profits.
quote:
Risky Trade
SHORT BTC: 49-50k
Targets: 46, 44, 42, 40, 38.5
SL (stop-loss): 4 hour close above 52k
wouldn't risk more than 10% of your portfolio and I would would keep it below 10x leverage.
...alright
Posted on 2/26/21 at 6:42 am to jmcwhrter
Just got back in at 45. Will probably let this one ride long term. Just have to quit looking at the price everyday! 
Posted on 2/26/21 at 6:46 am to HurricaneDunc
quote:
Will probably let this one ride long term. Just have to quit looking at the price everyday
Same. I’ve aged a lot since Sunday watching stocks and crypto despite only making a handful of trades and having a great deal of confidence in the bull thesis.
Posted on 2/26/21 at 6:50 am to maclauer
Posted on 2/26/21 at 7:38 am to Douglas Quaid
Seriously if you’re in crypto for the long long term, Just don’t look at it this year. Or next.
If you’re trying to time the top this year, come back in the summer and start DCAing out.
If you’re trying to time the top this year, come back in the summer and start DCAing out.
This post was edited on 2/26/21 at 7:52 am
Posted on 2/26/21 at 8:15 am to diat150
As TTT mentioned, look at great American mining. The Investors Pod Cast just had an episode detailing this. Look at their last episode about bitcoin energy.
Posted on 2/26/21 at 8:23 am to jimbeam
Full disclosure: I don't trade crypto. Holding a few long positions since 2017 that I'll hold until the bitter end whatever that may be. I just enjoy watching the insanity and absurdity of the space and speculating upon what it will ultimately mature into.
I do find it amusing to observe people convince themselves of various reasons to explain price movements in crypto. Particularly "fundamentals" explanations.
I do find it amusing to observe people convince themselves of various reasons to explain price movements in crypto. Particularly "fundamentals" explanations.
Posted on 2/26/21 at 9:15 am to Douglas Quaid
Grayscale just listed the following as candidates for new investment.
The digital assets currently under consideration include:
Aave (AAVE)
Basic Attention Token (BAT)
Cardano (ADA)
Chainlink (LINK)
Compound (COMP)
Cosmos (ATOM)
Decentraland (MANA)
EOS (EOS)
Filecoin (FIL)
Flow (Dapper Labs) (FLOW)
Livepeer (LPT)
MakerDao (MKR)
Monero (XMR)
Numeraire (NMR)
Polkadot (DOT)
Reserve Rights (RSR)
Stacks (STX)
Sushiswap (SUSHI)
Synthetix (SNX)
Tezos (XTZ)
The Graph (GRT)
Uniswap (UNI)
Yearn Finance (YFI)
LINK
The digital assets currently under consideration include:
Aave (AAVE)
Basic Attention Token (BAT)
Cardano (ADA)
Chainlink (LINK)
Compound (COMP)
Cosmos (ATOM)
Decentraland (MANA)
EOS (EOS)
Filecoin (FIL)
Flow (Dapper Labs) (FLOW)
Livepeer (LPT)
MakerDao (MKR)
Monero (XMR)
Numeraire (NMR)
Polkadot (DOT)
Reserve Rights (RSR)
Stacks (STX)
Sushiswap (SUSHI)
Synthetix (SNX)
Tezos (XTZ)
The Graph (GRT)
Uniswap (UNI)
Yearn Finance (YFI)
LINK
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