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re: Official CryptoTalk Thread
Posted on 5/5/21 at 8:58 am to rocket31
Posted on 5/5/21 at 8:58 am to rocket31
it's worth discussing how miners control most of BTC's price movement, or at least have historically
around a 2000% (ish) increase from bottom would be commensurate with the downward slope line which is where we are now (and would also imply about a 400% increase from the bottom next cycle).
this is the main thing I think that indicates our location in the cycle. I think institutional money will just raise the floor to some degree and slow the descent.
quote:
Miner capitulation
This chart shows the last cycles side-by-side along with indicators for when there was halvening and then the blocks since difficulty bottom.
around a 2000% (ish) increase from bottom would be commensurate with the downward slope line which is where we are now (and would also imply about a 400% increase from the bottom next cycle).
this is the main thing I think that indicates our location in the cycle. I think institutional money will just raise the floor to some degree and slow the descent.
This post was edited on 5/5/21 at 9:01 am
1
Posted on 5/5/21 at 9:01 am to Ron Cheramie
This irrationality will likely last longer than most think and I feel most the dollars will stay circulating in the crypto ecosystem (back into BTC/ETH) rather than cashed out into fiat like in 2018. Which is why I feel it important to note the total crypto market cap, currently at ATH.
BTC ranging in the 50s until a catalyst sucks money from alts back into BTC or a catalyst sucks money out of crypto altogether
BTC ranging in the 50s until a catalyst sucks money from alts back into BTC or a catalyst sucks money out of crypto altogether
Posted on 5/5/21 at 9:02 am to slackster
USDC is issued by coinbase.
its more reliable than tether because coinbase is actually audited and regulated but still something to consider.
It's probably more safe than our actual dollar but
its more reliable than tether because coinbase is actually audited and regulated but still something to consider.
It's probably more safe than our actual dollar but
Posted on 5/5/21 at 9:04 am to Ron Cheramie
quote:those were the good ole days
ECA
Posted on 5/5/21 at 9:08 am to OneMoreTime
Heads up , apparently this is needed to withdraw funds off Celsius
quote:
For security and safety reasons please send us a picture of yourself holding the document that you used during the KYC verification process and a piece of paper with the current date and your request written on it. Also, please send us a video of yourself verbally requesting the withdrawal and holding the document that you used during the KYC verification process and a piece of paper with the current date and your request written on it.
Posted on 5/5/21 at 9:10 am to CE Tiger
Withdraw to fiat? Never had to do that transferring btc
Posted on 5/5/21 at 9:10 am to CE Tiger
quote:
CE Tiger
Props on LINK. She probably has more room to run.
Posted on 5/5/21 at 9:11 am to Tiguar
conversely, this chart indicates:
LINK
1. we arent even in a bubble phase of the cycle yet and this is actually organic
2. the fiat exit in 2018 was an anomaly (this supports an earlier posters assertion)
3. 1.2m / btc by 2025
LINK
1. we arent even in a bubble phase of the cycle yet and this is actually organic
2. the fiat exit in 2018 was an anomaly (this supports an earlier posters assertion)
3. 1.2m / btc by 2025
This post was edited on 5/5/21 at 9:12 am
Posted on 5/5/21 at 9:11 am to CE Tiger
I’ve withdrawn low 5 figures from Celsius a couple times and never had to do that, just a standard KYC and email verification
Posted on 5/5/21 at 9:16 am to 21JumpStreet
Was trying to move some to BlockFi
Posted on 5/5/21 at 9:18 am to CE Tiger
I never had to do that. Moved it to blockfi as well. Only had to wait the 24 hr period of a new address and then sent it right on over.
Posted on 5/5/21 at 9:20 am to 21JumpStreet
quote:
I never had to do that. Moved it to blockfi as well. Only had to wait the 24 hr period of a new address and then sent it right on over.
This. I moved my LINK over to BlockFi as well. Transferred almost instantly, no fee
Posted on 5/5/21 at 9:20 am to CE Tiger
yea blockfi does that too
it's actually a good security measure
hackers were accessing people's emails. finding old photos. then sending those images in and then withdrawaling
it's annoying but I understand why they do it
it's actually a good security measure
hackers were accessing people's emails. finding old photos. then sending those images in and then withdrawaling
it's annoying but I understand why they do it
Posted on 5/5/21 at 9:23 am to Tiguar
that chart shows what most think. end of summer slow down to a bear/flat market around september. then a hold until 2024 halving cycel.
for selfish reasons though I hope the market goes very bearish in sept and we see a huge huge pull back.
for selfish reasons though I hope the market goes very bearish in sept and we see a huge huge pull back.
Posted on 5/5/21 at 9:28 am to rocket31
I haven't withdrawn from nexo yet, what's their process like?
Also have been thinking of buying nexo tokens. Whats that process if you want to exchange back to something else? Makes it seem once you have nexo you're stuck with it.
Also have been thinking of buying nexo tokens. Whats that process if you want to exchange back to something else? Makes it seem once you have nexo you're stuck with it.
This post was edited on 5/5/21 at 9:29 am
Posted on 5/5/21 at 9:40 am to 21JumpStreet
those of you that watch the invest answers dude on youtube, are y'all a member of his discord server? or patreon account?
Posted on 5/5/21 at 9:44 am to 21JumpStreet
as of last month, i was just able to withdrawal without any extra steps
i havent exchanged any of my nexo tokens but i think there is a swap on the nexo app you can use? i just let everything sit in the account
to buy nexo i had to use metamask which was annoying
i havent exchanged any of my nexo tokens but i think there is a swap on the nexo app you can use? i just let everything sit in the account
to buy nexo i had to use metamask which was annoying
Posted on 5/5/21 at 9:50 am to rocket31
Ah ok, yea there is a swap but it doesn't show a swap back
Posted on 5/5/21 at 9:57 am to 21JumpStreet
Nexo now has an exchange option but it doesn't allow you to swap for nexo tokens or to swap your nexo tokens for something else. I've only swapped for nexo tokens so far using changelly which I assume you can use to swap back
Posted on 5/5/21 at 10:06 am to zzgobucky
copy. nexo has been one of my better coins so ive been happy just hodling it 
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