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re: Official CryptoTalk Thread

Posted on 6/6/21 at 12:57 pm to
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 6/6/21 at 12:57 pm to
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 6/6/21 at 3:56 pm to
Solana does not stop

Both SOL:BTC and ETH:BTC looking strong. Hoping to finally decouple and resume flippening narrative now that Miami cringe-fest is over. At any rate, very pleased with my 3 horse concentration relative the field.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/6/21 at 4:04 pm to
with 10.26% apy on Exodus wallet. not gonna warn ya again
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/6/21 at 4:12 pm to
also the president of El Salvador is tweeting about bitcoin nonstop.. seems like this is happening...

66 countries currently peg or use the dollar as their currency

reasonable assumption to think he's been talking with a few of those other countries about this...
This post was edited on 6/6/21 at 4:13 pm
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 6/6/21 at 4:28 pm to
Seems like an asymmetric bet for a third world country. Wouldn’t be surprised if other third world countries went for it as well.

Meanwhile, Yellen trying to get everyone to agree to an international minimum tax to avoid first world countries from losing tax revenues to havens that are desperate for fresh capital.

Certainly will be interesting to see how it plays out.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/6/21 at 4:48 pm to
the little "market activities" box on binance.com is fun.

it shows a little whale icon when a big buy/sell is done

This post was edited on 6/6/21 at 4:55 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/6/21 at 4:56 pm to
developed countries underestimate how little rich crypto plebs need to be happy

little food. beer. internet to shite post and communicate.

can live like a king for only ~4 btc in these places
Posted by 21JumpStreet
Member since Jul 2012
14872 posts
Posted on 6/6/21 at 6:54 pm to
Need some sol but don't want to open up a new account
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 6/6/21 at 7:29 pm to
70% of El Salvadorans are unbanked. Bitcoin can solve a lot of problems that they have.
Posted by 21JumpStreet
Member since Jul 2012
14872 posts
Posted on 6/6/21 at 7:45 pm to
Seems like everything points to bitcoin long. Everything else short
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/6/21 at 7:50 pm to
Bitcoin has been trading in range for awhile now. You kinda get the feeling this may be the last week it does that and a new trend will be set soon.
Posted by 21JumpStreet
Member since Jul 2012
14872 posts
Posted on 6/6/21 at 7:53 pm to
Definitely feels like it is stabilizing. But it felt like that at 50k too
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/6/21 at 8:18 pm to
I think we see a change in trajectory by the end of the week, if we don’t then that in and of itself is applicable news.
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 6/6/21 at 8:49 pm to
I dont understand how many people like 50 as an entry but hate 35. Do we really think it will flatline at 10k for 4 more years?

A lot of adoption has occurred.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/6/21 at 8:56 pm to
Probably because a lot of people hate 35k as an entry point as dumb as that sounds

The fact it’s been sideways for so long is concerning from a demand standpoint.

“If people aren’t buying at 38k, why would they buy at 48k?”

So people wait. The psychology of this market is hard to read though because everyone is waiting on “winter” to buy, so how is that going to impact everything when they finally start buying again?

Who knows
Posted by 21JumpStreet
Member since Jul 2012
14872 posts
Posted on 6/6/21 at 9:12 pm to
I wish I waited for "winter" I'd be sitting at 2 bittys
Posted by 21JumpStreet
Member since Jul 2012
14872 posts
Posted on 6/6/21 at 9:20 pm to
Mayweather is wearing an ethereummax.org boxing shorts in his fight
This post was edited on 6/6/21 at 9:21 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/6/21 at 11:57 pm to
quote:

reasonable assumption to think he's been talking with a few of those other countries about this...


could be nothing but politician from Paraguay just added laser eyes on Twitter
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 6/7/21 at 12:18 am to
This El Salvadorian baw is going full Gigachad on Twitter
Posted by BottomlandBrew
Member since Aug 2010
29409 posts
Posted on 6/7/21 at 7:53 am to
I have a few employees that are from El Salvador, and there's a reason they ricked life and limb to live here and not there. Between massive gang violence and extreme political corruption, shithole doesn't even begin to describe it. I'm not sure if we want crypto to be associated with a place like that, or at least catch headlines with it. I'd rather a more stable country embrace it.
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