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re: Official CryptoTalk Thread
Posted on 5/13/21 at 6:36 am to JayDeerTay84
Posted on 5/13/21 at 6:36 am to JayDeerTay84
yup.
what's the strategy right now..? I'm mostly in stables. one Elon tweet is moving the market billions. hard to have any conviction under these conditions
what's the strategy right now..? I'm mostly in stables. one Elon tweet is moving the market billions. hard to have any conviction under these conditions
4
Posted on 5/13/21 at 7:01 am to rocket31
Elon tweeted again, calling Bitcoin’s energy usage “insane”
Was Elon not aware of how proof of work works when he bought it? He’s very bad for the market at this point. Unless you’re Cardano apparently.
Was Elon not aware of how proof of work works when he bought it? He’s very bad for the market at this point. Unless you’re Cardano apparently.
This post was edited on 5/13/21 at 7:50 am
Posted on 5/13/21 at 7:07 am to jlu03
SHIBA INU Supply
Circulating Supply 394,796,000,000,000 SHIB
Total Supply 1,000,000,000,000,000 SHIB
Good luck with that bub.
Circulating Supply 394,796,000,000,000 SHIB
Total Supply 1,000,000,000,000,000 SHIB
Good luck with that bub.
Posted on 5/13/21 at 7:07 am to rocket31
The strategy right now is exactly what you did. Hodl stables for a year and a half or swing trade the way down.
Posted on 5/13/21 at 7:13 am to Tiguar
Have we seen the new floor for btc? One is the biggest FUD scenarios yet and it already rebounded back to 50k
Posted on 5/13/21 at 7:21 am to Ross
quote:
Bitcoin’s energy usage “insane”
He's not wrong...but agree there's no way he was unaware of this up until yesterday.
Posted on 5/13/21 at 7:22 am to bluebarracuda
Posted on 5/13/21 at 7:23 am to bluebarracuda
Last post on the matter then I’m moving on, hopefully...
Does Elon also realize that the Bitcoin network will validate blocks whether or not Tesla is engaging in Bitcoin transactions? It’s not like the network is using additional energy as a result of Tesla receiving Bitcoin...
Not sure why you don’t just announce an initiative to fund green energy nationwide for mining or something. Then at least you don’t hurt your company and her treasury reserve asset.
Does Elon also realize that the Bitcoin network will validate blocks whether or not Tesla is engaging in Bitcoin transactions? It’s not like the network is using additional energy as a result of Tesla receiving Bitcoin...
Not sure why you don’t just announce an initiative to fund green energy nationwide for mining or something. Then at least you don’t hurt your company and her treasury reserve asset.
Posted on 5/13/21 at 7:23 am to rocket31
quote:
what's the strategy right now..?
Diversify into legit energy efficient coins.
Posted on 5/13/21 at 7:23 am to bluebarracuda
[quote]MicroStrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average price of ~$55,387 per #bitcoin. As of 5/13/2021, we #hodl ~91,850 bitcoins acquired for ~$2.241 billion at an average price of ~24,403 per bitcoin. $MSTR
LINK ]
Our savior
LINK ]
Our savior
Posted on 5/13/21 at 7:24 am to 21JumpStreet
Saylor has big dick energy
Posted on 5/13/21 at 7:24 am to Ross
Funny. Bitcoin uses energy to create value, Tesla cars literally burn energy.
Posted on 5/13/21 at 7:25 am to 21JumpStreet
This is what should give you an idea of the actual floor.
This post was edited on 5/13/21 at 7:25 am
Posted on 5/13/21 at 7:27 am to rocket31
quote:
what's the strategy right now..? I'm mostly in stables. one Elon tweet is moving the market billions. hard to have any conviction under these conditions
My strategy for some time has been to be in a small amount of projects.
I haven't changed from:
BTC
ETH
ADA
DOT
VET
CRO
DFI
VGX
BTC/ETH/ADA are by far my largest holdings and I actually just recently liquidated VGX to more ADA. I only have CRO for use of their 2% cash back debit card for Crypto.com.
DFI is a relatively new DEX operating on a BTC fork so got in a little early on that to farm yield, but nothing major.
Posted on 5/13/21 at 7:28 am to rocket31
quote:
so not only has he turned crypto into a dog themed circus but now he's crashed it unnecessarily.
this is worse than McAfee
i don't get his endgame
i'm guessing he's just doing this for the lulz, but that could come at a dramatic cost via the SEC
Posted on 5/13/21 at 7:30 am to SlowFlowPro
quote:
but that could come at a dramatic cost via the SEC
BTC isnt a security and never will be.
Posted on 5/13/21 at 7:30 am to lsu777
quote:
you buy the specific token or coin that you want to staek. You offer it to the company you are using as a staked coin(usually have to keep for a certain time to start getting rewards). You then receive an APY back usually in more of the token you are staking.
so lets say you have 10 btc and you plan to hold long term. Instead of leaving in a nano ledger or on CB, you move to Celsius. You earn 6.2% On this while you coins are just sitting there. When you remove the coins, the coins are worth the price at that time plus you will have grown the sats through the APY.
quote:
How exactly does staking work?
So I can go to Celsius and stake all of my bitcoin and I earn 12% interest every year AND keep my coin?
What’s the catch?
Posted on 5/13/21 at 7:31 am to JayDeerTay84
What is the deal with Internet Computer (ICP)?
Posted on 5/13/21 at 7:32 am to Tiger1242
quote:
So I can go to Celsius and stake all of my bitcoin and I earn 12% interest every year AND keep my coin?
What’s the catch?
Well, you wont earn 12% on BTC. More like 6%.
The catch is liquidity of these platforms. They are loaning/using the BTC you have there and can lose it. That is the risk...
Posted on 5/13/21 at 7:33 am to JayDeerTay84
I can see ada doing real well with their pos narrative while also helping out poor countries in Africa narrative. Virtue signalers may eat it up.
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