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re: Official CryptoTalk Thread

Posted on 5/31/21 at 7:03 pm to
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
3630 posts
Posted on 5/31/21 at 7:03 pm to
While its so damn tempting to pull ADA profits right now, I’ve decided I’ll go for a momentum play here. If Cardano can run away from BNB just a touch more, headlines in the morning could accelerate the run. Fingers crossed!
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/31/21 at 7:12 pm to
btc and eth volume have picked up and are pinging their sell walls, so factor that in.

I dunno if you think thatll hurt or help ADA price in the very near term but there you go
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
3630 posts
Posted on 5/31/21 at 7:24 pm to
I’m more concerned about ADA establishing itself as #3 for now. If ADA can separate itself from BNB and XRP, I think/hope it would be a short term momentum boost. BTC and ETH are lightyears away.

ETA: Most have heard of bitcoin and ethereum, but few have heard of Cardano. Even CNBC will post BTC/ETH/LTC/DOGE, but no mention of ADA yet
This post was edited on 5/31/21 at 7:34 pm
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 5/31/21 at 7:47 pm to
binance smart chain actually has a working smart contract product and defi ecosystem and huge user base already. plus the bnb coin does more than Cardano from a utility standpoint.

if anything, Cardano is fundamentally overvalued. fundamentals obviously do not mean much in this market butt
This post was edited on 5/31/21 at 7:51 pm
Posted by JayDeerTay84
Texas
Member since May 2013
9953 posts
Posted on 5/31/21 at 8:38 pm to
I agree. I am big on Cardano but the BNB platform has a lot of use. Like staking cake for example.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/31/21 at 8:43 pm to
I agree with you but I’ll prolly be loading up on ada, sol and (gasp) link in the crypto winter.

The biggest gains are from things people aren’t super familiar with and are the “next ethereum” or whatever
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 5/31/21 at 9:07 pm to
Eth 2.0 and uniswap v3 may steal some of bnbs thunder.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/31/21 at 10:09 pm to
Looking at btc depth chart you sorta get the feeling lines in the sand are getting drawn by the bulls.

I’m wondering what happens if btc fails to take 41-42k this time.
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
3630 posts
Posted on 6/1/21 at 4:04 am to
I get all that, and I agree, BNB is the better of the 2. I thought I was pretty clear that I was making a short term momentum bet on ADA, hence why I mentioned taking profits multiple times.
Posted by Scooba
Member since Jun 2013
20005 posts
Posted on 6/1/21 at 8:37 am to
quote:

BNB is the better of the 2.


Isn't BNB a centralized token?
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 6/1/21 at 8:40 am to
quote:

Like staking cake for example.


it's a great play imo
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 6/1/21 at 8:41 am to
quote:

I’ll prolly be loading up on ada, sol and (gasp) link in the crypto winter.


indeed. I'm undecided on ada but it's performance and community are both undeniable
This post was edited on 6/1/21 at 8:42 am
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 6/1/21 at 9:49 am to
interesting Twitter thread on eth being "vaporware" with a lot of mixed replies

LINK

i know we have had similar discussions before and i'm bullish on eth short term
Posted by tagatose
South Carolina
Member since Oct 2005
2028 posts
Posted on 6/1/21 at 10:55 am to
150K ETH dude doubles down on his prediction.

https://drive.google.com/file/d/10jnD-DQNpdF5IUD-CnPiipu7hIFSv9Z8/view




ETA: here's the original paper for reference
https://drive.google.com/file/d/1bECqgijhgjdS782AB620gFjK5qx-vA99/view
This post was edited on 6/1/21 at 10:58 am
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35739 posts
Posted on 6/1/21 at 11:40 am to
Gemini people...I'm new to the platform and have made a few trades. I want to be able to see a dashboard similar to what I have with Etrade, which shows how much I own, what I bought at, current value, and then any gain/loss. What I'm seeing is just how much I own and the current price. Is there a way to get what I'm looking for?
Posted by BottomlandBrew
Member since Aug 2010
29153 posts
Posted on 6/1/21 at 11:48 am to
I'm super bullish on ETH, but damn, not that unrealisticly bullish. I watched some of the video posted a page or two back, and his assumptions on market cap are so unrealistic that it's hard not to laugh. Plus he's a med school student, and they think they know everything. About as bad as law school students.
This post was edited on 6/1/21 at 12:01 pm
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/1/21 at 11:52 am to
People who try to sell you outlandish predictions on coins aren’t doing it to help you.


Anyway, BTC volume just picked up and in the wrong direction.

I’m wondering if some stop losses are getting triggered.
Posted by tagatose
South Carolina
Member since Oct 2005
2028 posts
Posted on 6/1/21 at 11:57 am to

I don't buy it either.

What I like though is the clarity around various topics I had been struggling with.

And flows based trading can be helpful too.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/1/21 at 12:21 pm to
So unrelated question


It was reported that Tesla hasn’t sold any of their BTC

It was also reported Tesla made a significant profit solely because of BTC

I just realized something isn’t adding up
Posted by 21JumpStreet
Member since Jul 2012
14819 posts
Posted on 6/1/21 at 12:23 pm to
Ada cult > link cult
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