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re: Official CryptoTalk Thread

Posted on 5/24/21 at 1:10 pm to
Posted by Douglas Quaid
Mars
Member since Mar 2010
4120 posts
Posted on 5/24/21 at 1:10 pm to
Tokenomics:

25% - supply to Chicken with a 6 month lockup to allow use of the name, advertising and shilling on TD.com
25% - divy up among MB crypto regulars to shill the living shite out of it across social media.
50% - literally just give it to exchanges to dump on newbs

We could just copy the code of Doge. I'm in.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/24/21 at 1:19 pm to
Issues at a flat rate of 350 tokens / day
This post was edited on 5/24/21 at 1:20 pm
Posted by A Smoke Break
Lafayette
Member since Nov 2018
2175 posts
Posted on 5/24/21 at 1:21 pm to
Matic fricking EXPLODING right now.
Posted by Lgrnwd
Member since Jan 2018
8228 posts
Posted on 5/24/21 at 1:44 pm to
quote:

ray Dailos comments about he'd rather be holding bitcoin instead of bonds sure come at a peculiar time if this narrative takes off, just getting 1% of the bond market is 4.5x from here for bitcoin


The thought of that will scare the hell out of the Federal Government.

The bullseye on crypto just got even bigger.
Posted by lsu777
Lake Charles
Member since Jan 2004
36531 posts
Posted on 5/24/21 at 1:46 pm to
ftr altcoin issued the call on matic yesterday along with others.

Posted by TigeRoots
Member since Oct 2008
8547 posts
Posted on 5/24/21 at 1:51 pm to
quote:

altcoin


Is this a Twitter account or what?
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/24/21 at 2:00 pm to
I joined the discord a while back but haven't kept up. Also haven't subbed to VIP. I do see KubYam on the "free calls" channel mentioning MIR might be a good short-term buy. I already hold some MIR and took a bath on it, so hope it goes up more. I went in at $10 thinking it'd go up when it got listed on coinbase. ouch.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82029 posts
Posted on 5/24/21 at 2:09 pm to
My MATIC purchase yesterday was the first Alt coin ive bought in over a year. Safe to say I'm pleased with my entry price, for now, until we shite the bed again.
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 5/24/21 at 2:13 pm to
yea I'm not sure really what the fed govt can do but a bond selloff would induce panic

I'm not sure if it all will go into crypto/bitcoin but negative yielding bonds can't be very attractive right now
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 5/24/21 at 2:15 pm to
I'll be curious to see what happens to matic once arbitrum is released
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/24/21 at 2:16 pm to
When your monetary policy is to artificially prop up the equity markets by all means necessary and this involves rock bottom interest rates, it shouldn’t come as a surprise to anyone that bonds lose luster in favor of those equities or other appreciating assets.
This post was edited on 5/24/21 at 2:17 pm
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 5/24/21 at 2:25 pm to
Governor of Wyoming, Mark Gordon, “If you can have bitcoin and you can stake with that, it ultimately makes our economy stronger”

certainly is weird all these bullish comments are coming after the crash...
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/24/21 at 2:29 pm to
if you are a Saylorite you’d say that eventually all fiat in circulation will be based on underlying Bitcoin

It seems everyone knows this crash was a blip on the radar in the grand scheme of things
This post was edited on 5/24/21 at 2:30 pm
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11826 posts
Posted on 5/24/21 at 2:44 pm to
quote:

artificially prop up the equity markets


They are artificially propping up bond values not equities.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82029 posts
Posted on 5/24/21 at 2:46 pm to
Whenever bitcoin goes 6 figs, I'm buying a 2nd home in Wyoming. Love how bitcoin friendly that state is, not to mention it is Gods country
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82029 posts
Posted on 5/24/21 at 2:48 pm to
quote:

Looks like the selling was concentrated to speculators who are new adapters. I would imagine that's a long term good thing. The older wallets have steady volumes.

The guys I follow who study the on chain metrics are all saying pretty much the same thing - on chain data is showing the vast majority of the selloff was very new coins being sold at a loss. The majority of the buying has been to long term hodling wallets. Very bullish long term - still potential short term pain.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11826 posts
Posted on 5/24/21 at 2:53 pm to
I'm amazed at the granularity of the data they have on this stuff. It's been one of the main reasons I've been hesitant to start a full position. If you go through that deck you figure out people were just piling in during Q1 and those are always the weakest hands. De-leveraging is a net good when you are in this part of the adoption cycle.
Posted by TigeRoots
Member since Oct 2008
8547 posts
Posted on 5/24/21 at 2:56 pm to
ELON tweeting again! We mooning.

He prolly bought the dip.
This post was edited on 5/24/21 at 2:56 pm
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11826 posts
Posted on 5/24/21 at 2:56 pm to
That guy is such a fraud
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/24/21 at 2:57 pm to
I’m profit taking here. Seen the Elon tweet pump then sell back too many times.

Edit: speaking to alts above since up 50+% in a day, leaving BTC/ETH alone
This post was edited on 5/24/21 at 2:59 pm
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