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re: Official CryptoTalk Thread

Posted on 5/21/21 at 2:56 pm to
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/21/21 at 2:56 pm to
Eh China has been fudding exchanges since last cycle. Honestly this tells me the bull market is over and we’re in the forced crash phase.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/21/21 at 2:59 pm to
well I’m a simple man. I see BTC below my cost basis and I stack sats

at least I’m in the green on Ethereum and Cardano
Posted by WG_Dawg
Member since Jun 2004
89803 posts
Posted on 5/21/21 at 3:02 pm to
quote:

I see BTC below my cost basis and I stack sats



what do you use to find your cost basis? Do you just manually keep up with waht price point you buy at every purhcase you make or does your buying platform have that info handy?
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 5/21/21 at 4:05 pm to
Apparently China set up a hotline where you can call to snitch on people that use crypto.

Edit: sorry lurkers, I don’t know the number.
This post was edited on 5/21/21 at 4:14 pm
Posted by Chuckiee
Member since Jan 2007
2604 posts
Posted on 5/21/21 at 4:07 pm to
I think I’m about to buy a shite ton of link
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/21/21 at 4:24 pm to
Pretty insane volatility. I expected 36k to hold but when it broke, immediately plunged to 33k, and bounced up to 35.5 within minutes.

Insanity
Posted by SohCahToa
New Orleans, La
Member since Jan 2011
7786 posts
Posted on 5/21/21 at 4:28 pm to
quote:

think I’m about to buy a shite ton of link


I thought I had it on sale around 28

I’m ok with what I have, but if it keeps dropping low enough, I’m doing the same as you.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/21/21 at 4:34 pm to
35k has to hold if the bull run isnt over. 35k breaking and holding below just about confirms it.
This post was edited on 5/21/21 at 4:37 pm
Posted by gobuxgo5
Member since Nov 2012
10302 posts
Posted on 5/21/21 at 5:41 pm to
I picked an interesting time to invest after taking lumps since 2018. I bought it all today and yesterday, Bitcoin, Eth, Polygon, Cardano, XLM, Bitcoin Cash (not sure why) uniswap and Curve DAO token. Instant Panic after hearing all the FUD lol
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/21/21 at 6:03 pm to
I actually find all of this extremely bullish as hard as it may be to believe at the moment

we flushed many weak hands and behind the scenes it seems reasonable to believe there was a coordinated fud effort to drop prices lower

just one big catalyst and bull market resumes





Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5587 posts
Posted on 5/21/21 at 6:06 pm to
quote:

picked an interesting time to invest after taking lumps since 2018. I bought it all today and yesterday, Bitcoin, Eth, Polygon, Cardano, XLM, Bitcoin Cash (not sure why) uniswap and Curve DAO token. Instant Panic after hearing all the FUD lol


You may have timed it perfectly

My FUD has gone way down
Went on a long run about to listen to some music and drink some beers

This fellow is a pretty good follow
LINK

Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/21/21 at 6:07 pm to
You picked now to get in? You lucky frick
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5587 posts
Posted on 5/21/21 at 6:08 pm to
quote:

actually find all of this extremely bullish as hard as it may be to believe at the moment we flushed many weak hands and behind the scenes it seems reasonable to believe there was a coordinated fud effort to drop prices lower just one big catalyst and bull market resumes


I am feeling it too baw
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
13426 posts
Posted on 5/21/21 at 6:15 pm to
quote:

I actually find all of this extremely bullish as hard as it may be to believe at the moment

Same here. Sentiment is so bearish in this thread and all over Twitter. People are rekt and the bears are taking victory laps. 2013 double bubble still in play
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82097 posts
Posted on 5/21/21 at 6:19 pm to
LINK

Hope Bros don’t have too much on Blockfi- that bitcoin payout frick up is not good. They are probably fine since they do carry loss reserves but id be sweating a little if I had substantial money on there
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/21/21 at 6:34 pm to
Has Bitcoin ever crashed 50% from ATH and resumed a bull run?
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/21/21 at 6:48 pm to
I didn't have to do the live biometric twice but blockfi made me go through similar bulshit last month when I withdrew some bitcoins after they changed yield policies.

not suggesting they're solvent or whatever but I don't see any reason to believe an extra security measure means they're ruined

legacy banks make frick ups like this all the time btw


Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/21/21 at 6:49 pm to
no.

Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/21/21 at 6:52 pm to
I didn’t follow along with the BlockFi thing but it takes 1-2 biz days for them to process withdrawals so how did anyone get these mistaken funds off their platform?
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/21/21 at 7:08 pm to
Someone posted this on the OT

quote:

It's utter stupidity and it should be shut down like any other scam or illegal casino. And I wonder how much of that Texas electrical grid meltdown was due to get-rich-quick neckbeards mining Dogecoin in grandma's basement. Probably played a major role there.


I died laughing

I’m posting from purgatory right now
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