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re: Official CryptoTalk Thread

Posted on 5/14/21 at 9:37 am to
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/14/21 at 9:37 am to
quote:

It just seems so pointless

We already have proof of stake projects that offer actual use cases. Other than Elon hopium what keeps doge alive?

Maybe Elon hopium is all you need but feels like we are reinventing the wheel here

Yeah I mean he’s killing the digital scarcity narrative by making any joke coin stand up and adding to the energy FUD. He’s making this a more immature market and likely make this another violent boom/bust cycle. I don’t like it, but it is what it is.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/14/21 at 9:37 am to
quote:

Why couldn’t Cardano or Ethereum serve this use case?

This post was edited on 5/14 at 9:36 am




they absolutely could but him mentioning doge was a tell imo
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 5/14/21 at 9:38 am to
quote:

yea I just don't see bitcoin PoS taking off, bc bitcoiners are largely against forking it into PoS.


HAHA im over here using CakeDefi.....
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/14/21 at 9:43 am to
if your tweets moved markets billions would you keep sending them?

yea this isn't over unfortunately
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/14/21 at 9:48 am to
If I were to guess, Elon is interested in a btc “stable coin” that always equals a certain amount of btc (instead of a usd stable coin) that’s cheaper to move around.

He didn’t sell his btc for a reason. This would be a step in a direction of btc truly used as a store of value.
This post was edited on 5/14/21 at 9:49 am
Posted by Tiger1242
Member since Jul 2011
33099 posts
Posted on 5/14/21 at 10:09 am to
Okay I just transferred some Bitcoin into Celsius, does it stake them automatically? So I put it into that wallet and boom I earn 6.2% interest?
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/14/21 at 10:28 am to
quote:


Okay I just transferred some Bitcoin into Celsius, does it stake them automatically? So I put it into that wallet and boom I earn 6.2% interest?

Yep. Pays weekly each Monday.
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 5/14/21 at 10:28 am to
It takes a week to start getting interest . You should probably get a payment next Monday
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
13426 posts
Posted on 5/14/21 at 10:30 am to
ETH is dragging its sack across BTC. Odds of the flippening rising by the day.

Unfortunately, the climate change narrative is going to really weigh on BTC. The media and PoS coins will attack this angle relentlessly
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 5/14/21 at 10:36 am to
Wanna see the weekly ETH:BTC candles?

18%
0.5%
11%
19%
10%
29%
20%

Nuts....dragged
Posted by WG_Dawg
Member since Jun 2004
89803 posts
Posted on 5/14/21 at 10:48 am to
quote:

we are all aware that musk is going to fork Doge into POS then pump the hell out of it, right?

i dont wanna say this is the most obvious play in crypto butttt


For the uneducated what does this mean? Is doge actually worth throwing a little money at simply for the pump? If it's forking would the new coin be tbe one to buy?
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
13426 posts
Posted on 5/14/21 at 10:58 am to
quote:

If it's forking would the new coin be tbe one to buy?

If you think it's going to fork then you should buy before the fork so you get the forked coins for free and you have both. I do think DOGE is going to a dollar so it's a solid play here
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/14/21 at 11:01 am to
yea holding eth over btc is def the play for now.. then big alt season ahead
Posted by WG_Dawg
Member since Jun 2004
89803 posts
Posted on 5/14/21 at 11:09 am to
What is alt season?

I've held eth for several years and only recently started buying btc but I've never paid much attention to the smaller stuff since I knew nothing about them
Posted by southpawcock
Member since Oct 2015
17285 posts
Posted on 5/14/21 at 11:24 am to
I’m the moron that got in at an average cost of .70 with a $150 investment. Yesterday or so I was sitting close to a $70 loss, now it’s up to only a $30 loss. Still mad I didn’t pull the trigger and just buy more at .38 yesterday. Fffffffff
This post was edited on 5/14/21 at 11:25 am
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/14/21 at 11:43 am to
My portfolio suggests alt season is here, or if it's not, I'm about to make some good money when it is here.

TEL, TRIAS, BAX, CTSI doubled my portfolio in a few short weeks. I'm almost back to where I was pre-Elon dip already.
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/14/21 at 11:54 am to
I’ve aped into ETH, SOL, and DOGE

My MATIC has aped for me since it’s about 5Xed the last month and AAVE hitting ATHs

This is the lowest my BTC dominance has been in my account since 2018 and I don’t like it but it is what it is
Posted by BaddestAndvari
That Overweight Racist State
Member since Mar 2011
18666 posts
Posted on 5/14/21 at 12:04 pm to
Funny this would pop up in my suggestions today:

Elon Musk is Not Your Friend

Posted by boomtown143
Member since May 2019
9407 posts
Posted on 5/14/21 at 12:09 pm to
LMAO, there's a whole website dedicated to Musk being a fraud.

quote:

Is Elon Musk really a genius? And are Tesla cars, Tesla Solar, Tesla Fart Horn cutting edge tech? And has Tesla finally turned a profit with them? Think again.


https://gotmusked.com/
This post was edited on 5/14/21 at 12:10 pm
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 5/14/21 at 12:14 pm to
BTC prices used to be so cute.

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