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re: Official CryptoTalk Thread

Posted on 5/19/21 at 7:23 am to
Posted by Stagliano
Member since Dec 2020
1661 posts
Posted on 5/19/21 at 7:23 am to
quote:

Looks like tesla dumped the rest


Just curious by why does this keep getting stated as facts

Elon just said two days ago he hasnt sold any btc
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 5/19/21 at 7:23 am to
Elon said a lot of things
Posted by Douglas Quaid
Mars
Member since Mar 2010
4119 posts
Posted on 5/19/21 at 7:24 am to
Each should invest according to their own conviction. I'm of the opinion that PoW is facing an almost existential crisis until the market sorts out the security tradeoffs b/w PoW and PoS and what it really needs from a the perspective of actual utility.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/19/21 at 7:26 am to
ah alright, gotcha

Don’t know how I feel that you need to watch for that exact moment panic shifts to despondency before you should invest more
This post was edited on 5/19/21 at 7:28 am
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/19/21 at 7:26 am to
I’m of the opinion that the crash we are seeing is pretty natural and the eco shite is just that: shite. If it wasn’t eco fud it would be something else.

Elon will come out in 3 years and say ok btc gets most of its mining off renewables everyone it’s good again ;)))))
This post was edited on 5/19/21 at 7:27 am
Posted by BlackPawnMartyr
Houston, TX
Member since Dec 2010
16144 posts
Posted on 5/19/21 at 7:30 am to
More likely..pick...

1) Dip until Friday then slow recovery...

2) Go back to pre-covid levels and stay there for at least a year.
Posted by Who_Dat_Tiger
Member since Nov 2015
24660 posts
Posted on 5/19/21 at 7:33 am to
quote:

2) Go back to pre-covid levels and stay there for at least a year.


I put money in when BTC dipped below 10k a few years ago and felt like a shite play for years. I just put more in so I expect at least a year or two before we ever see 40k again now
Posted by oldskule
Down South
Member since Mar 2016
23143 posts
Posted on 5/19/21 at 7:34 am to
Well,

Looks like the Chinese have released another virus....
Posted by Douglas Quaid
Mars
Member since Mar 2010
4119 posts
Posted on 5/19/21 at 7:35 am to
quote:

Elon will come out in 3 years and say ok btc gets most of its mining off renewables everyone it’s good again ;)))))


Definitely among the possibilities.

The electrical utility buyer of last resort argument isn't a terrible one, but you can always says if coin B can provide the exact same properties as coin A but with lower power consumption then eventually the market would move towards coin B.

This argument assumes of course the BTC core devs stand by the original principles and refuse to change anything to make the protocol more energy efficient.

Ultimately, I just don't see the energy efficiency narrative going away easily, but I could certainly be wrong.
Posted by JayDeerTay84
Texas
Member since May 2013
9953 posts
Posted on 5/19/21 at 7:43 am to
quote:

Elon said a lot of things


I would 100% be ok if Elon sold after he said he wouldnt. Therefore not a single person would listen to him again on Crypto unless you like to listen to liars!
Posted by UnluckyTiger
Member since Sep 2003
41219 posts
Posted on 5/19/21 at 7:51 am to
so thankful for this crash, won’t be fooled again. keep dipping and i’ll keep buying
Posted by CE Tiger
Metairie
Member since Jan 2008
41878 posts
Posted on 5/19/21 at 7:51 am to
Well I’m sick
This post was edited on 5/19/21 at 7:53 am
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 5/19/21 at 7:54 am to
Ho lee
Posted by lsu777
Lake Charles
Member since Jan 2004
36519 posts
Posted on 5/19/21 at 7:54 am to
quote:

CE Tiger
quote:

Well I want to die


sorry brother. I closed all my positions short and long yesterday. Most of mine were closed at close to peak a while back but still had some. Closed the remaining last night when we broke the 42k support line.

if it makes you feel better, currently support around 32, not sure it holds up to this sell off though lol.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/19/21 at 7:55 am to
Depth chart suggests...no
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/19/21 at 7:58 am to
Of course now that I say that is actually might at least temporarily

5m candle is hilarious on binance
Posted by JayDeerTay84
Texas
Member since May 2013
9953 posts
Posted on 5/19/21 at 7:58 am to
LOL this is nuts. Was checking on my miners, saw the profits spike, go look at charts and everything is getting absolutely hammered!
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/19/21 at 7:58 am to
Coinbase Pro had an internal server error and the candlesticks were just so broken. Glitched to shite
Posted by GeneralLee
Member since Aug 2004
13945 posts
Posted on 5/19/21 at 7:59 am to
Holy crap.. BTC at 32K, Ethereum at $2,100, ADA at $1.05... which is the best buy?
Posted by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 5/19/21 at 7:59 am to
So this is now a full blown crash.
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