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re: Official CryptoTalk Thread

Posted on 5/13/21 at 6:03 pm to
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/13/21 at 6:03 pm to
quote:

there is a good argument that if one man can move the market 15% with a single tweet it isn’t safe for investors


not sure about that but they might play that card

elon could announce he's working with bezos on Twitter and then Amazon stock would pump 15% too
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82098 posts
Posted on 5/13/21 at 6:08 pm to
This is one of those times I need to just stop reading twitter for a few days
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/13/21 at 6:09 pm to
money is exiting both eth and btc and into doge

I hope we can get to the point that his tweets are just background noise.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/13/21 at 6:11 pm to
quote:

he's now back to pumping doge


A proof of work shitcoin.

Elon Musk is a clown.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/13/21 at 6:12 pm to
quote:

he's now back to pumping doge


Of course he is


Musk is such a crazy character. I love what he does for some things and hate what he's doing to crypto lol
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 5/13/21 at 6:14 pm to
he has to know the SEC is goign to come nock on his door.

I know he hates them...and I do too...but it's not good for his companies and stock holders.

There's better ways to take down the financial system.
Posted by WG_Dawg
Member since Jun 2004
89803 posts
Posted on 5/13/21 at 6:15 pm to
quote:

Man, my first 3 weeks investing in and learning about crypto has been a whirlwind. How have y’all survived years of this lol



Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/13/21 at 6:15 pm to
Dogecoin adds 5 billion coins to its supply every year. This isn’t suitable for a store of value, obviously.

It also uses the same mining protocol as Bitcoin, meaning if mining ever got competitive more energy usage is an unavoidable consequence.

What kind of buffoonery is this
This post was edited on 5/13/21 at 6:18 pm
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 5/13/21 at 6:16 pm to
Don’t look at the markets. Or just look at them every 4 years and smile this assumes you don’t chase pumps. Buy under the 20 week moving average
This post was edited on 5/13/21 at 6:18 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/13/21 at 6:16 pm to
if you're as rich and famous as he is maybe that's just what you do: turn a meme coin into the future currency of mars
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/13/21 at 6:17 pm to
Jaded cynicism.

Understand nothing is rational and nothing makes sense.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/13/21 at 6:18 pm to
Doge pumpers argue that the fast transaction speeds make it great for every day transactions, and that's its use case, not SoV, and that 5% inflation isn't so bad for a transactional coin.

I think they are smoking some good shite, but even after a big crash doge was holding at 40 cents.

At some point all of us haters are just wrong, regardless of how stupid it is
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/13/21 at 6:20 pm to
I don’t think they’ll be able to keep a cash influx high enough YoY to keep the price of a coin high or even remotely stable at that rate of coin production tbh.


If I’m wrong, I’m wrong. There are better projects out there and it is infuriating and baffling to me he is shitting on Bitcoin while shilling Doge.
This post was edited on 5/13/21 at 6:26 pm
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
13427 posts
Posted on 5/13/21 at 6:21 pm to
quote:

How have y’all survived years of this lol

Don’t worry we’ve aged 25
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/13/21 at 6:27 pm to
Just a bounce initiated by a stupid Elon tweet. It’s become a self fulfilling prophecy: people buy a coin Elon pumps because Elon pumped it and people expect it to go up.....so it goes up when everyone buys it
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 5/13/21 at 6:27 pm to
quote:

Don’t worry we’ve aged 25


hell I haven't. best investments I've ever made was Hex, have a bunch of different stakes...easy.
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
13427 posts
Posted on 5/13/21 at 6:31 pm to
Your time is coming then

In other news it appears Elon has decided to go to war with bitcoin. Can the spineless SEC muzzle this guy somehow?
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/13/21 at 6:37 pm to
Posted by Glizzy
Metairie
Member since Aug 2020
25 posts
Posted on 5/13/21 at 6:39 pm to
I really want to believe his tweet was sarcasm, but lately I’m not sure what is what
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82098 posts
Posted on 5/13/21 at 6:41 pm to
quote:

How have y’all survived years of this lol
you become immune to it. I lost more USD value in the past 48 hours than my wife and I make in a given year. Doesn’t really phase me anymore
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