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re: Official CryptoTalk Thread

Posted on 3/16/21 at 9:57 pm to
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/16/21 at 9:57 pm to
quote:

If there is a massive sell-off


i also ask myself what this would look like.

the buying pressure at $34-$36k seems to be the absolute floor for any drop as this is where tesla bought in

this price range is mid-January prices, which would not be ideal, but it also would not bother me.

alternatively, the upside is way too high to not have bitcoin exposure. gold, silver, bonds, real estate - bitcoin is a superior store of value to all and its only a matter of time until everyone realizes it
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 3/16/21 at 9:58 pm to
Not to mention the short term capital gains take a huge bite out of those profits and means you’d have to hope for a dip even greater than your tax rate to make the move worth the time
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 3/16/21 at 9:58 pm to
Support band is near 35
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 3/16/21 at 10:08 pm to
Yeah I can live with that. I'm scared someone is going to throw down billions into it and 100 a coin looks cheap.

I set limit orders every night and see if any filled in the am. I guess thats my strategy.
Posted by 21JumpStreet
Member since Jul 2012
14873 posts
Posted on 3/16/21 at 11:05 pm to
quote:

yeah, same and i know you dont do this, but i earn interest on my bitcoin so even the downside risk is mitigated to a certain degree




Been looking into this. What do you use? What's best for us?
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/17/21 at 1:27 am to
I use four services currently: nexo, blockfi, iconfi, and celsius just to spread out any risk (which is basically zero at this point)

they all are roughly the same but depending on the coins you hold they will have different benefits and interest rates
Posted by WG_Dawg
Member since Jun 2004
89844 posts
Posted on 3/17/21 at 7:09 am to
Question about CB/CB Pro.

I've had coinbase for years and I love it. I am very much a simpleton when it comes to a lot of this stuff so I love the easy, clean format of the app. I heard a bunch of times in the last few months about how you absolutely must use coinbase pro instead primarily because of the fees so I made the switch and hoenstly I don't like it at all. All the features of it are completely lost on me and looking at it is a bit overwhelming. The ability to place limit orders is nice for sure but that doesn't really apply to me since I plan to hold for a long time and when I do buy here and there IDC if the price is off a little so I do market orders. I also don't like that with CBP I have to transfer from my bank acct to my USD wallet, then buy, opposed to regular CB where I just hit the buy button and it automatically comes out of my checking account. And lastly, and again this is from a "beginner" type perspective, I like that in CB you can see your portfolio balance over time. It's just nice psychologically. CBP doesn't have anything liek that, it just shows your portfolio balanace and that's that.

So my ultimate question is, is it actually necessary/worth it for someone in my position to use coinbase pro? Is it any more secure than regular coinbase? And is the difference in fees really worth it? I don't buy more than a few hundred bucks worth at a time. The only time I can see fees coming into play is years down the line whenever i make a substantial withdrawal but that's not gonna be for a while.
Posted by 21JumpStreet
Member since Jul 2012
14873 posts
Posted on 3/17/21 at 7:51 am to
Being worth it is up to you. Fees are more than twice as much on coinbase than coinbase pro, but if you like the convenience of it then keep on keeping on.
This post was edited on 3/17/21 at 7:52 am
Posted by WG_Dawg
Member since Jun 2004
89844 posts
Posted on 3/17/21 at 7:59 am to
Gotcha, it seems like with the amounts that I buy for the difference in fees is a few bucks which is irrelevant.

I just didn't know if there was anything else in CBP that I really needed since most of the neat features there aren't for me. If security is the same I might just switch back. Oh also another question, is the buy/market price the same on both exchanges? I thought I saw something somehwere that the prices for a market order on CBP are lower than you see on regular CB. If that's the case that could end up being a bigger difference.
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 3/17/21 at 8:19 am to
We Greyscale Trust now

LINK
Posted by trux83LSU
brandon, ms
Member since Dec 2006
2674 posts
Posted on 3/17/21 at 8:19 am to
LINKGrayscale added link

eta
just beat me!
This post was edited on 3/17/21 at 8:20 am
Posted by civilag08
Member since Feb 2011
823 posts
Posted on 3/17/21 at 8:27 am to
Institutional Investors ‘Lined up’ to Buy Every Bitcoin Dip

A bear market will occur at some point, but I think it's just as likely BTC soars to 100K or even beyond before. That is always everyone's favorite question. It is easier now than ever to buy Alt Coins and people that don't have any clue about Crypto can still buy BTC, LTC, ETH BCH on places like PayPal.
Posted by jchamil
Member since Nov 2009
19056 posts
Posted on 3/17/21 at 9:16 am to
Anyone own any BAT?
Posted by slacker130
Your mom
Member since Jul 2010
8957 posts
Posted on 3/17/21 at 10:11 am to
quote:

I set limit orders every night and see if any filled in the am. I guess thats my strategy.



So, I haven't started with limit orders yet. Talk me through the process or the mindset/strategy. (if you have a second)


WG_Dawg- I completely agree with your Coinbase vs Coinbase Pro points. CB is so much easier. I've transferred all my crypto to CB pro, but still use the CB app to check prices of stuff I'm watching.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/17/21 at 10:16 am to
limit orders: go to coinbase pro, using bitcoin as an example, set a limit buy order at $51,500 (or anything below the current market price) and hope you catch a wick down that fills your order

quote:

I completely agree with your Coinbase vs Coinbase Pro points. CB is so much easier. I've transferred all my crypto to CB pro, but still use the CB app to check prices of stuff I'm watching.



yea, i use CB pro app to buy and regular CB app to check prices
This post was edited on 3/17/21 at 10:18 am
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 3/17/21 at 10:44 am to
This is fricking ridiculous that Link can’t stay above $30
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/17/21 at 10:53 am to
something is off with LINK

is the price purposefully being suppressed or ?
This post was edited on 3/17/21 at 10:56 am
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 3/17/21 at 10:55 am to
That’s what it feels like...
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 3/17/21 at 10:57 am to
LINK was a shining star for a while. It makes zero sense why it has stalled while everything gains the past couple months.
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 3/17/21 at 11:06 am to
Tons of charts say otherwise, it’s simply consolidating after a massive run up. BTC when through years of similar price action.

I’m not concerned about Link at all. It will continue to give us good entry points until it regains support on the BTC charts, and it will push $100 when it just tests its ATH vs BTC
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