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re: Official CryptoTalk Thread

Posted on 6/25/21 at 2:38 pm to
Posted by Pendulum
Member since Jan 2009
7952 posts
Posted on 6/25/21 at 2:38 pm to
they also brought down APY on btc from 5 to 4% and also brought first tier down to .25 btc cap.

So thus, it's time and I'm pulling 80% of my blockfi out. These rates aren't worth how long you have to wait to get your currency out.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/25/21 at 3:16 pm to
yea f blockfi. glad I left them awhile ago

curious to see atomic finance yield options once it's released, you also get to keep your private keys
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5583 posts
Posted on 6/25/21 at 3:24 pm to
What’s up with the Eth options expiring today? Is that why we are red?
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/25/21 at 3:58 pm to
possibly yea.

we have been bleeding at the end of every month for 6 or 7 months straight now when options expire.

there's also more selling from Chinese Bitcoin miners
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5583 posts
Posted on 6/25/21 at 4:02 pm to
Weekends seem to be bad

Swing trading is the way to go right now

But I would lose it all so I don’t do it
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/25/21 at 4:09 pm to
I really just wish the crap like Doge would go away. id have a lot more confidence then.

it's still a #10 crypto lol
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5583 posts
Posted on 6/25/21 at 4:10 pm to
It needs to die for sure
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 6/25/21 at 4:50 pm to
quote:

Swing trading is the way to go right now

But I would lose it all so I don’t do it


Same

I'll keep my farmer hat on
Posted by TigerDeBaiter
Member since Dec 2010
10681 posts
Posted on 6/25/21 at 6:38 pm to
What an absolutely shitty start for the weekend.

Man... I thought I was done buying the dip, but.

Posted by Iowa Golfer
Heaven
Member since Dec 2013
10607 posts
Posted on 6/25/21 at 6:56 pm to
If the pattern continues, the swing trade is on. If the pattern doesn't continue, I'll just own more BTC are a relatively reasonable price.

What's not to like?

Are you not entertained?

This is better than............., but probably only just as good as the pizza I'm eating shortly.

This post was edited on 6/25/21 at 6:57 pm
Posted by TigerDeBaiter
Member since Dec 2010
10681 posts
Posted on 6/25/21 at 8:25 pm to
Yes indeed. It’ll certainly be less expensive to whole coin status. Whilst entertaining, it’s always more exciting to have a position moving in the other direction.

Somewhat off topic. What is everyone’s opinion on pDOT - price has majorly collapsed and rumors developers are sketch. Is it considered a legit coin?
Posted by CorkRockingham
Member since Jun 2017
502 posts
Posted on 6/25/21 at 8:29 pm to
quote:

t only took 3 weeks for your prediction to be correct


Where is this dude at? My three week late call looks better and better.

Posted by CorkRockingham
Member since Jun 2017
502 posts
Posted on 6/25/21 at 8:30 pm to
His post hurt my feelings. I make one call, and it’s spot on in a big way.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/26/21 at 8:02 am to
Some things I’m looking for this weekend:

1. Eth to fall to 1600s (or lower) and hold it for 4 hours

2. Btc to drop below 30k and hold it for 4 hours

3. Btc to test 30k and defend it

1 + 2 suggests we haven’t found a floor yet for btc

1 + 3 suggests btc is close to its floor. Maybe not at AT it, but long-term floor probably higher than 20k. Not saying it wouldn’t dip below it in a flash crash but yeah.

If none of the above happens, then it’s hard to ascertain anything, maybe a sign of strength since eth options expiry may not have harmed the market too much. Btc somehow climbing back above 35k at any point and holding is a sign of strength.
This post was edited on 6/26/21 at 8:03 am
Posted by Crawdaddy
Slidell. The jewel of Louisiana
Member since Sep 2006
19123 posts
Posted on 6/26/21 at 9:04 am to
Wow. I’ve been off the internet for 9 days.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/26/21 at 9:20 am to
1 billion worth of BTC shorts opened around 25k in the last few hours. Those shorts winning or losing will cause significant market movement at expiry.

Prepare thyselves.
This post was edited on 6/26/21 at 9:27 am
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 6/26/21 at 9:33 am to
It’s going to go up because I set limit orders to buy at 29.5k.

If I ever buy at market rate, it’s a guarantee to drop. But my limit orders scare the price away upwards so that they never hit.

It’s a proven science
Posted by ronricks
Member since Mar 2021
11211 posts
Posted on 6/26/21 at 9:39 am to
Sunday mornings have been the best day to load up on dips for almost 6 weeks now.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/26/21 at 10:01 am to
Sunday morning was pretty terrible last week. The bottom fell out Sunday night and Monday morning.
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1414 posts
Posted on 6/26/21 at 10:03 am to
Agreed. I’ve got limit orders on ETH set for 1650 so that should be safe to stay above.
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