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re: Official CryptoTalk Thread
Posted on 5/22/21 at 1:46 pm to DallasTiger11
Posted on 5/22/21 at 1:46 pm to DallasTiger11
I'm not sure if the halving cycles will mean as much moving forward and I think it would be much better for the entire market if they didn't.
if bitcoin is in trouble... well it's safe to say the entire market is as well
strong bitcoin = stronger alts
if bitcoin is in trouble... well it's safe to say the entire market is as well
strong bitcoin = stronger alts
3
Posted on 5/22/21 at 1:47 pm to rocket31
The halving cycle is definitely going to matter less moving forward because the relative impact of block rewards on circulating supply will increasingly become negligible because the supply already mined is larger and larger and the mining rewards gets less and less
Just my opinion
Just my opinion
This post was edited on 5/22/21 at 1:49 pm
Posted on 5/22/21 at 1:50 pm to rocket31
quote:
if bitcoin is in trouble... well it's safe to say the entire market is as well
Well my point is if this is the end then we are entering a new paradigm in the crypto market and we are going to see a changing of the guard.
This does not mean buy alts right now if you believe it’s the end because they are all going down another 70% minimum
Posted on 5/22/21 at 2:15 pm to DallasTiger11
quote:
This does not mean buy alts right now if you believe it’s the end because they are all going down another 70% minimum
I’m riding this thing down 50-BTC/20-ETH/30-ADA. Once it turns around, I’ll move out of BTC.
At least that’s my plan as of this weekend.
Posted on 5/22/21 at 2:18 pm to DallasTiger11
I might be in the minority but I have started buying BNB during all this and converting to CAKE to stake at 130-140%.
I'll continue to do this if we actually go full on BEAR. I think yield farming is probably the best thing to do during a bear market??
I'll continue to do this if we actually go full on BEAR. I think yield farming is probably the best thing to do during a bear market??
Posted on 5/22/21 at 3:13 pm to CecilShortsHisPants
For the dip I've been buying MATIC on the way down. With it getting 13.9% APR on Celsius it seems to me like this is one of the better bets right now. Got some limit order for LINK set at $20.
Posted on 5/22/21 at 3:46 pm to martiallaw
I’m stacking MATIC, LINK and ADA too. Waiting on Celsius to add ADA.
Posted on 5/22/21 at 4:00 pm to DowntheBayouTiger
That’s roughly been my list too
Posted on 5/22/21 at 4:25 pm to JayDeerTay84
I'm doing this with matic for the rate on celsius. Also looking into tel and this whole hex thing.
Posted on 5/22/21 at 4:37 pm to LSUJuice
quote:
Also looking into tel and this whole hex thing.
It's just a matter of time.
The gatekeeping will stop.
Front page of yahoo finance...
https://finance.yahoo.com/cryptocurrencies
This post was edited on 5/22/21 at 4:38 pm
Posted on 5/22/21 at 5:19 pm to DowntheBayouTiger
Picked up a little LINK, think I am done for the time being.
Posted on 5/22/21 at 6:22 pm to rocket31
Anybody know the reason why it all relies on btc? Or any theories? Just weird how if everyone sells their bitcoins but still hold on to something like ada why would it fall as well even if no one sells ada?...
Posted on 5/22/21 at 8:00 pm to 21JumpStreet
That’s why I got out a few years ago. I didn’t see how every single alt coin would drop, usually quicker, when BTC would drop. Unless it was a pump in dump, it all seemed to be in unison. It doesn’t seem much different as I reinvested. Not sure why it matters what “relevant” coin you choose if it’s going to follow Bitcoin so much. I do think all coins aren’t the same and have way better potential just gets frustrating seeing none buck the trend.
Posted on 5/22/21 at 8:04 pm to 21JumpStreet
quote:Fairly certain its because BTC is the key variable in all the largest account algorithms. I know if I were to set up an algo for crypto trading, BTC price would be my primary variable.
Anybody know the reason why it all relies on btc?
Posted on 5/22/21 at 8:14 pm to 21JumpStreet
I have always figured it was because BTC was often the only way to enter the world of crypto via fiat and most people wouldn't venture past that.
Posted on 5/22/21 at 8:55 pm to CecilShortsHisPants
quote:
Fairly certain its because BTC is the key variable in all the largest account algorithms
most likely
Posted on 5/22/21 at 9:07 pm to Oizers
quote:
figured it was because BTC was often the only way to enter the world of crypto via fiat and most people wouldn't venture past that.
Probably part. Larger part probably the algorithms. Also partially the field being such a misunderstood place that folks can’t differentiate what news effects what specific assets (any crypto news is news for all cryptos if it’s effecting btc)
Posted on 5/22/21 at 9:58 pm to NoSaint
Checking my portfolio today seeing Coinbase rugged the Solana listing
Posted on 5/22/21 at 10:10 pm to rocket31
I actually think the China situation is the main thing that is anchoring the market down right now. Based on what I’ve read, Chinese citizens are highly incentivized to get rid of their crypto. Not sure how long it’ll be before China shuts the door on them but it shouldn’t take long.
Posted on 5/22/21 at 11:39 pm to 21JumpStreet
Everything is based off of btc and it’s usd value. Four years ago many coins didn’t even have usd pairs.
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