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re: Official CryptoTalk Thread

Posted on 5/8/21 at 7:04 pm to
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/8/21 at 7:04 pm to
They add like five billion coins a year. It’s designed to go to zero even when priced in dollars and there isn’t anything any of them can do about it.
Posted by pchwinner
Member since Jan 2008
574 posts
Posted on 5/8/21 at 7:04 pm to
I sold my 258,000 shares this morning at .73. I bought them @ .02.
Posted by Future Islands
Member since May 2020
64 posts
Posted on 5/8/21 at 7:06 pm to
(no message)
This post was edited on 5/9/21 at 5:39 pm
Posted by boxerbulldawg
Vagrant
Member since Aug 2013
521 posts
Posted on 5/8/21 at 7:07 pm to
I'd say you did pretty good on that one
This post was edited on 5/8/21 at 7:08 pm
Posted by pchwinner
Member since Jan 2008
574 posts
Posted on 5/8/21 at 7:07 pm to
Yo?
Posted by boxerbulldawg
Vagrant
Member since Aug 2013
521 posts
Posted on 5/8/21 at 7:10 pm to
Evidently emoticons come through as question marks on my phone
Posted by pchwinner
Member since Jan 2008
574 posts
Posted on 5/8/21 at 7:10 pm to
Yes. I was going to hold off until tonight and sell. When I saw it back above .70 I went ahead and sold glad I did it’s been in the .60’s all day
This post was edited on 5/8/21 at 7:11 pm
Posted by NashvilleTider
Your Mom
Member since Jan 2007
15307 posts
Posted on 5/8/21 at 7:21 pm to
I went looking for early coins - and just searched Reddit - I liked their roadmap - but mostly had a gut feeling and got lucky - it had dipped way down and I lost half my investment - but when it was at its lowest I put more in and it has sky rocketed
Posted by Future Islands
Member since May 2020
64 posts
Posted on 5/8/21 at 7:21 pm to
(no message)
This post was edited on 5/9/21 at 5:39 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/8/21 at 8:01 pm to
we are at peak 2017 right now aren't we. this thread is getting interesting
Posted by Tiger1242
Member since Jul 2011
33112 posts
Posted on 5/8/21 at 8:05 pm to
quote:

I went looking for early coins - and just searched Reddit - I liked their roadmap - but mostly had a gut feeling and got lucky - it had dipped way down and I lost half my investment - but when it was at its lowest I put more in and it has sky rocketed



Okay so philosophy question for you. Obviously you made a ton of money and that’s awesome. Did you not consider keeping even 5-10,000 coins in? I know it’s unlikely but if it somehow skyrockets and is worth $10 one day you’ll be pissed you sold all of it.

I don’t hold nearly as much as you, I have 25,000 bought at $.05

I’m likely selling tonight but keeping 10,000 in.

If it tanks yea that sucks but I’ve still more than 5X my investment. If it actually keeps going up I’m not completely missing out
Posted by Future Islands
Member since May 2020
64 posts
Posted on 5/8/21 at 8:07 pm to
(no message)
This post was edited on 5/9/21 at 5:39 pm
Posted by Tiger1242
Member since Jul 2011
33112 posts
Posted on 5/8/21 at 8:12 pm to
quote:

Did you hear about that crypto from Reddit as well?




No tbh I had a small amount of gambling money in btc at $10500 and when it jumped up to $33k I cashed 1/3 out (my initial $$$), kept 1/3 in and wanted to make a risky boom/bust crypto play with the other 1/3, happened to line up right with the rise of Doge. I saw it had gone from like less than $.01 to $0.03 really quick so I went to go get in. By the time I was able to get my crypto on a wallet that sells doge it had already gone up to $.051

Thought about selling it all when it got to $.10 but held thank god
This post was edited on 5/8/21 at 8:14 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 5/8/21 at 8:13 pm to
quote:

I know it’s unlikely but if it somehow skyrockets and is worth $10 one day you’ll be pissed you sold all of it.
Why are you even entertaining that as a possibility? The coin has 625 TRILLION in circulation with 1 QUADRILLION max supply (1000 TRILLION). Even at 1 cent, it would be a $10 TRILLION market cap or roughly 10x the size of Bitcoin right now.

ETA: I think either you or I are misunderstanding. I'm pretty sure the guy you replied to is talking about BONFIRE
This post was edited on 5/8/21 at 8:14 pm
Posted by Tiger1242
Member since Jul 2011
33112 posts
Posted on 5/8/21 at 8:15 pm to
quote:

Why are you even entertaining that as a possibility? The coin has 625 TRILLION in circulation with 1 QUADRILLION max supply (1000 TRILLION). Even at 1 cent, it would be a $10 TRILLION market cap or roughly 10x the size of Bitcoin right now.

Because this is the exact argument everyone has been making since it got above $.10 yet it’s still rising. It’s not logical but it’s still going, I personally think it’s going to top out a little over $1 then crash

quote:

ETA: I think either you or I are misunderstanding. I'm pretty sure the guy you replied to is talking about BONFIRE

Oh yea you’re right I thought he was that guy that sold his doge today
This post was edited on 5/8/21 at 8:16 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 5/8/21 at 8:22 pm to
quote:

Oh yea you’re right I thought he was that guy that sold his doge today

At this point, if I held Doge, I'd be holding for a while. The power of social media is on full display and the pump is likely to continue...as crazy as it seems.
Posted by Tiger1242
Member since Jul 2011
33112 posts
Posted on 5/8/21 at 8:35 pm to
quote:

At this point, if I held Doge, I'd be holding for a while. The power of social media is on full display and the pump is likely to continue...as crazy as it seems.



This is basically where I am but not going to lie if it gets anywhere near a dollar I’m not going to be able to stop myself from selling at least 1/2 or converting it into bitcoin

Don’t want to have the rug pulled out from under me
Posted by AMS
Member since Apr 2016
6535 posts
Posted on 5/8/21 at 8:40 pm to
quote:

If it tanks yea that sucks but I’ve still more than 5X my investment. If it actually keeps going up I’m not completely missing out



depends if you track your progress in satoshi or USD. I think satoshi stacking is better and am butthurt at binanceUS for tracking in USD not sats like binance.com.

makes it harder to compare alt profits to what they would have been in BTC.
Posted by castorinho
13623 posts
Member since Nov 2010
87026 posts
Posted on 5/8/21 at 8:40 pm to
was about to cash in on some of my ETH, then when I got to the gas fees I said nah nvm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82107 posts
Posted on 5/8/21 at 8:56 pm to
What does a trade cost right now?
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