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re: Official CryptoTalk Thread

Posted on 5/21/21 at 9:46 am to
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 5/21/21 at 9:46 am to
yeah, the whales take advantage of the FUD and retail capitulates. then they rebuy lower

i dont really pay attention to the news, i pay attention to how people react to the news.

its like midnight in China anyways, so you know its all bulshit with any critical thinkiing
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 5/21/21 at 9:47 am to
i like COIN under $220
Posted by GREENHEAD22
Member since Nov 2009
20512 posts
Posted on 5/21/21 at 9:52 am to
I missed my ADA buys by .$05 and ETH by $20
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/21/21 at 9:57 am to
Whales crashing the market on a day options expire. They want to end the bull cycle.
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 5/21/21 at 9:58 am to
i hate when that happens
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82035 posts
Posted on 5/21/21 at 9:59 am to
$330 million of USDT loaded onto Chinese exchanges just before the China's vice premier decides to make comments about bitcoin crackdown at 10pm on a Friday night

Market tumbles

I bet we can guess where that $330 million is going
This post was edited on 5/21/21 at 10:00 am
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5522 posts
Posted on 5/21/21 at 9:59 am to
You gonna get them
Posted by Lgrnwd
Member since Jan 2018
8229 posts
Posted on 5/21/21 at 10:05 am to
China seems to be super serious about never allowing crypto to be used as currency in their country. What does it mean?
Posted by GREENHEAD22
Member since Nov 2009
20512 posts
Posted on 5/21/21 at 10:06 am to
So what is the running theory? After this shakes out we see it climb again or are we in for the winter?
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 5/21/21 at 10:07 am to
for the last 6 years of my life =

LINK
Posted by Douglas Quaid
Mars
Member since Mar 2010
4120 posts
Posted on 5/21/21 at 10:07 am to
Posted by lsu777
Lake Charles
Member since Jan 2004
36537 posts
Posted on 5/21/21 at 10:19 am to
shite days like today are where i make my money. the volitlity is awesome. kcs alone has had mutiple 7-8% swings already this morning. Very easy to snipe 4-5% gains mutiple times in the last 90 min.

love shite like this.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/21/21 at 10:24 am to
quote:

China seems to be super serious about never allowing crypto to be used as currency in their country. What does it mean?



That their people are oppressed and will have to be super discrete to use crypto because they live in a dystopian surveillance state.

But it’ll eventually mean for the Bitcoin price what China’s ban on social media meant for Facebook’s share price. Not much.
This post was edited on 5/21/21 at 10:28 am
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 5/21/21 at 10:26 am to
China actually banning Bitcoin should be bullish news anyways.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/21/21 at 10:43 am to
quote:

Whales crashing the market on a day options expire. They want to end the bull cycle.



I moved some FIAT after the last dip so I could stack up on the next dip.. I didn't see it coming this soon. I'm beginning to worry that the whales & powers that be want this bull cycle to end prematurely so they can really start stacking. As soon as the market starts recovering, more FUD and nonsense comes out. I'm probably going to hold onto this money I moved and stop buying dips for a little while to see how this thing goes. This is been a very unstable last few weeks and I don't want to continue catching the falling knife, if it is indeed that.
Posted by Future Islands
Member since May 2020
64 posts
Posted on 5/21/21 at 10:49 am to
(no message)
This post was edited on 5/23/21 at 8:31 am
Posted by lsu777
Lake Charles
Member since Jan 2004
36537 posts
Posted on 5/21/21 at 10:52 am to
quote:

Btw, what's your go-to method for automating things on 3Commas? They've got a variety of different trading bots.


i use the smart trade bot personally and set it up how i want it to do for each trade

quote:

Also, do they keep track of trades for tax purposes automatically?


yes under history and you can export to excel for ease of use.
Posted by lsu777
Lake Charles
Member since Jan 2004
36537 posts
Posted on 5/21/21 at 10:52 am to
oh you can also use the grid bot to really take advantage of the volitlity.
Posted by Future Islands
Member since May 2020
64 posts
Posted on 5/21/21 at 10:54 am to
(no message)
This post was edited on 5/23/21 at 8:30 am
Posted by TigerGM
Member since Nov 2014
1123 posts
Posted on 5/21/21 at 11:06 am to
How would you eliminate capital Gains tax?
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