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re: Official CryptoTalk Thread

Posted on 3/15/21 at 5:02 pm to
Posted by civilag08
Member since Feb 2011
823 posts
Posted on 3/15/21 at 5:02 pm to
RenDGB Live

REN Protocol (REN) with DigiByte (DGB) allows movement of DGB on Etherum blockchain.

One usage will allow owners to mint DGB to RenDGB to earn a yield on their Crypto.
This post was edited on 3/15/21 at 5:08 pm
Posted by stout
Porte du Lafitte
Member since Sep 2006
180367 posts
Posted on 3/15/21 at 7:29 pm to
quote:

and gladly tapped out of my heavy as frick VET bags with it near ATH


VET is one of the coins that has a function/purpose and is one of the few currently being used by some major corporations with more on the way. I think it has a long way to go but doesn't benefit as much from the hype as other coins do.

Just saying I don't understand getting out now as I think it's just now on the cusp of breaking out. To each their own, though.

I averaged down where I have barely anything in it considering the upside potential. I am sitting around a million VET and will keep holding. It might bite me in the arse eventually but strictly looking at the real world use potential, I think it's one of the safer coins to hold long term.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 3/15/21 at 8:13 pm to
The psychology of markets is so interesting

If this bearishness of today is on the retail side, it’s so irrational. You just saw the market get into the 60k range, with all of the institutional interest the long term prognosis is super bullish. Even if you are just in it to make a buck, why sell now?

My completely unfounded theory is people put in their stimulus money with paper hands, the India FUD caused a small correction and those people are panic selling.
This post was edited on 3/15/21 at 8:14 pm
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
70096 posts
Posted on 3/15/21 at 8:20 pm to
quote:

The psychology of markets is so interesting

If this bearishness of today is on the retail side, it’s so irrational. You just saw the market get into the 60k range, with all of the institutional interest the long term prognosis is super bullish. Even if you are just in it to make a buck, why sell now?

My completely unfounded theory is people put in their stimulus money with paper hands, the India FUD caused a small correction and those people are panic selling.



Bulk of stimulus payments will hit on Wednesday, could be some movement down from the retail side to take some profits, buy back in the low 50s/ high 40s, in anticipation of a moonshot later this week.

Of course, I could be completely wrong, and what else is new?
This post was edited on 3/15/21 at 8:23 pm
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 3/15/21 at 8:27 pm to
Nobody spending stimmies on BTC for funsies even knows what the fud from India was.

I’ve actually been involved with the crypto space for years and learned about it from this board.

Whales are responsible for the swings. Retail investors just live in their world.
This post was edited on 3/15/21 at 8:33 pm
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 3/15/21 at 8:28 pm to
I don’t disagree. VET is going to stick around. I just regret going ham on it and need the money elsewhere, and i can finally covert back to fiat without taking a bath.
Posted by civilag08
Member since Feb 2011
823 posts
Posted on 3/15/21 at 8:36 pm to
My understanding of how stocks are shorted is that the shares are needed to be borrowed by a broker, which may mean your shares, without which, make more difficult to Short. If it works the same way in Crypto, I suspect moving your Crypto out of the exchange, possibly to a cold storage or other wallet during down times may ease some of the Short pressure but obviously reduces liquidity. If you are not Long on the Crypto or a day trader this obviously does not make sense to do this.
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 3/15/21 at 8:37 pm to
The ATH breaks have resulted in big, quick 30+% moves. Think when we broke this weekend, and to front run retail stimmy, everyone levered up and the whale exchange inflow + India double FUD threw an ice bucket on the market and we’re seeing violent unwinding. Funding rates have normalized.

Given the macro backdrop and all the whale purchasing in the high 40s I’d be surprised if this is a prolonged dip. We’ll see
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 3/15/21 at 10:25 pm to
Grayscale is low which is the institutional suits right? There were more large sell off "candlesticks" lately.



Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 3/15/21 at 10:30 pm to
Prob just F2Pool dumping again.
Posted by slacker130
Your mom
Member since Jul 2010
8957 posts
Posted on 3/16/21 at 6:43 am to
Just sold a old car that no one uses and I'm sitting on $5k with nothing planned. Instead of throwing it in the bank, I'm thinking of buying more crytpto.

Currently in BTC, Link, GRT, & Algo. Should I dump all in BTC or split? I'm kinda pulled to dump some into Algo.
Posted by ronricks
Member since Mar 2021
11245 posts
Posted on 3/16/21 at 7:16 am to
I'd go 50% in BCT 25% LINK and 25% ALGO
Posted by finchmeister08
Member since Mar 2011
39886 posts
Posted on 3/16/21 at 7:31 am to
Vechain CEO is doing an AMA on youtube.

LINK
Posted by 21JumpStreet
Member since Jul 2012
14873 posts
Posted on 3/16/21 at 8:16 am to
Not sure how true but lots of "crypto news" saying many are jumping ship from eth to ada.
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 3/16/21 at 8:18 am to
ADA close to finding support on charts after that big pullback. Probably a good deal of consolidation to take place before the next run up, I’d still look elsewhere unless you actually believe the bs about it unseating Eth long term
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 3/16/21 at 8:20 am to
Meaning ETH price would drop and allow big players to buy it cheaper? I doubt that would happen.
Posted by finchmeister08
Member since Mar 2011
39886 posts
Posted on 3/16/21 at 8:22 am to
quote:

I’d still look elsewhere unless you actually believe the bs about it unseating Eth long term


why do i feel like i should believe mark cuban when he says ETH is a good buy? he sucks it off everyday seems like.
This post was edited on 3/16/21 at 8:22 am
Posted by 21JumpStreet
Member since Jul 2012
14873 posts
Posted on 3/16/21 at 8:25 am to
Meaning they want to use Google now and not aol?
Posted by trux83LSU
brandon, ms
Member since Dec 2006
2674 posts
Posted on 3/16/21 at 8:47 am to
quote:

Not sure how true but lots of "crypto news" saying many are jumping ship from eth to ada.
sushiswap migrated to avax yesterday
This post was edited on 3/16/21 at 8:49 am
Posted by Stagliano
Member since Dec 2020
1661 posts
Posted on 3/16/21 at 8:51 am to
Do any of yall still like Bancor in this range? I almost pulled the trigger a month+ ago and obviously missed a nice run
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