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Started By
Message
re: Official CryptoTalk Thread
Posted on 4/10/21 at 10:09 pm to TigerBite
Posted on 4/10/21 at 10:09 pm to TigerBite
quote:
quote:
Really need Coinbase, Gemini, or kraken to start carrying VET so I can sell it. Hoping to ride the wave until then
Have you looked at gate.io?
I wouldn’t ever normally do this, but hell, I just gave them a referral and didn’t even look to see if they have referral links. I use them and haven’t had any problems and they have tons of coins, so here is a link to gate.io. I originally moved coins there because of state restrictions on other exchanges. Less liquidity, but it still serves the purpose. I searched and didn’t see any mentions, so apologies if it has been.
Gate.io
1
Posted on 4/11/21 at 7:46 am to TigerBite
I think the next big BTC jump will be when they announce the next stimulus package or there is a revision in the inflation estimates.
Any guesses where we head from here?
I have loved this consolidation range of 50k - 60k.
Any guesses where we head from here?
I have loved this consolidation range of 50k - 60k.
Posted on 4/11/21 at 8:30 am to TigerBite
quote:nope, I have KYCed my info across 7 exchanges over the years. Not doing any new ones that require ID to trade
Have you looked at gate.io?
Posted on 4/11/21 at 8:43 am to I Love Bama
quote:
Any guesses where we head from here?
If the SEC approves the 7 Bitcoin ETF applications in the near future, 100k Bitcoin is soon to follow.
The Bitcoin shorting that's starting to take place is absurd. I wish they would make it illegal.
Posted on 4/11/21 at 9:30 am to tenderfoot tigah
quote:
The Bitcoin shorting that's starting to take place is absurd. I wish they would make it illegal.
make shorting illegal? Wow. Who here actually does or will spend their crypto?
I'm still holding through this cycle, but everyone I talk to only invests in crypto. They don't spend it.
Alt season is here and is giving me a sell signal.
Posted on 4/11/21 at 9:56 am to JimMorrison
thoght you took profit at $49.5k?
Posted on 4/11/21 at 10:02 am to tenderfoot tigah
quote:
Bitcoin shorting that's starting to take place is absurd. I wish they would make it illegal.
tf?
Posted on 4/11/21 at 10:07 am to rocket31
I did. Still holding the rest.
What's your plan for your crypto? You going to spend it anywhere?
Or going to trade it in for fiat?
What's your plan for your crypto? You going to spend it anywhere?
Or going to trade it in for fiat?
This post was edited on 4/11/21 at 10:10 am
Posted on 4/11/21 at 10:16 am to JimMorrison
I'll hold bitcoin forever and borrow against it like any other asset/property.
I have some crypto but I don't see much value in that long-term at the moment so I'll trade it into bitcoin eventually... but that thought process could change
I have some crypto but I don't see much value in that long-term at the moment so I'll trade it into bitcoin eventually... but that thought process could change
Posted on 4/11/21 at 10:23 am to rocket31
BNB might have the most bullish chart in crypto 
Posted on 4/11/21 at 10:38 am to rocket31
CAKE is right there with it. Doubled since the last dip. Too bad I don’t own any.
Posted on 4/11/21 at 10:45 am to tenderfoot tigah
quote:
The Bitcoin shorting that's starting to take place is absurd. I wish they would make it illegal.
There is nothing better than watching a short squeeze and watching the short sellers get liquidated
Plus don’t be an authoritarian. People and institutions should have the right to use their property as they see fit in this domain and if they want to lend out their BTC to short sellers let them do it. Ultimately it will prove to be quite bullish when the squeeze hits
Posted on 4/11/21 at 10:46 am to JimMorrison
quote:
trade it in for fiat
Gross.
Posted on 4/11/21 at 11:31 am to Ross
they openly tell us they are debasing fiat at 2-3% per yr so we know its melting away just by holding onto it,
meanwhile, bitcoin has averaged over 200% per yr in the last decade.
most people still see bitcoin as a tech stock or equity in a company... so we are still early
meanwhile, bitcoin has averaged over 200% per yr in the last decade.
most people still see bitcoin as a tech stock or equity in a company... so we are still early
This post was edited on 4/11/21 at 11:32 am
Posted on 4/11/21 at 12:23 pm to rocket31
The people that think our existing system is sustainable because CPI has been in check while asset classes are exploding in price for a decade of this extremely low interest rate experiment are delusional, or trying really hard to grasp on to the idea that we aren’t in the middle of a seismic paradigm shift. I myself was skeptical of Bitcoin for a long time, but as Saylor puts it: if you are drowning a few hundred feet below sea level and someone hands you a respirator, you don’t spend a lot of time debating if governments are going to ban respirators or if the oxygen coming out of the respirator comes out at a volatile rate; you put on the respirator to survive.
A whole bunch of ridiculous logic about how America is so awesome and we’ve got the petrodollar and everyone else has even worse fiat so our treasury bonds will still be used, as if a much better alternative isn’t emerging right before their eyes. It’s just fear to embrace change or arrogance in my estimation.
People are going to opt out of using fiat and fiat demarcated assets as stores of value and this ridiculous fiat system is going to collapse, or *best case* the existence of viable decentralized alternatives will force responsible fiscal and monetary policy upon entities that have thrived on kicking the can of collapse down the road.
A whole bunch of ridiculous logic about how America is so awesome and we’ve got the petrodollar and everyone else has even worse fiat so our treasury bonds will still be used, as if a much better alternative isn’t emerging right before their eyes. It’s just fear to embrace change or arrogance in my estimation.
People are going to opt out of using fiat and fiat demarcated assets as stores of value and this ridiculous fiat system is going to collapse, or *best case* the existence of viable decentralized alternatives will force responsible fiscal and monetary policy upon entities that have thrived on kicking the can of collapse down the road.
This post was edited on 4/11/21 at 12:30 pm
Posted on 4/11/21 at 12:32 pm to Ross
We are so restricted with USD/bank/visa combo. Just try calling vanguard or fidelity and tell them you don't want to list a physical address.
I've had a major bank freeze an account before with zero explanation. Finally, they let me withdraw the balance and banned me for not using the account for normal household activity.
My only hesitation is going "all in" in the middle of a bull market.
I've had a major bank freeze an account before with zero explanation. Finally, they let me withdraw the balance and banned me for not using the account for normal household activity.
My only hesitation is going "all in" in the middle of a bull market.
This post was edited on 4/11/21 at 12:35 pm
Posted on 4/11/21 at 12:52 pm to down time
quote:
My only hesitation is going "all in" in the middle of a bull market.
I struggle with this also. A lot of it is just getting past the mental aspect of fiat currency. I have been putting more and more in crypto and other investments.
Posted on 4/11/21 at 12:57 pm to ronricks
Just realize that IF things drop, which they have been known to do, hard, that your time horizon to realize profit may be extended.
Posted on 4/11/21 at 1:02 pm to Ross
quote:
People are going to opt out of using fiat and fiat demarcated assets as stores of value
yup. I do not think people realize how much money is out there stored in real estate, art, Treasury bonds, metals, off shore banking, tech stocks, etc
bitcoin doesn't even need to demonetize ALL of it but even if you few percentage of people start to realize, "wait a minute, most of things are already overpriced and illiquid and difficult to store, why don't I start to look over here at this other thing (bitcoin)" then it's over
a million is a conservative value and this will be realized eventually.
Posted on 4/11/21 at 1:05 pm to jimbeam
quote:
realize that IF things drop, which they have been known to do,
I obviously have a lot of conviction but I'm still undecided how much conviction others have
$100k will potentially be a huge psychological road block for many people. not sure if it will wise to take profits around then but it's worth hard consideration
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