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re: Official CryptoTalk Thread

Posted on 6/29/21 at 8:59 am to
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
13426 posts
Posted on 6/29/21 at 8:59 am to
I’m a big ETH bull but I think the 1559 hype is overblown. Gas has to remain near 100 gwei for it to actually become deflationary
Posted by DRock88
Member since Aug 2015
10333 posts
Posted on 6/29/21 at 9:06 am to
What's going on with ETC the last few days? I'm not a crypto guy, just genuinely curious if there is a rhyme or reason to the jump.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/29/21 at 9:17 am to
I think becoming deflationary relative to what it was before is good enough. What do you think?
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/29/21 at 9:52 am to
no proof it will even be deflationary. no one knows
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 6/29/21 at 10:25 am to
Posted by TheRaid
Currently Living in South Alabama
Member since Jan 2013
1304 posts
Posted on 6/29/21 at 11:34 am to
If you are a trader, sometimes it seems that when you buy at support, it becomes resistance and when you sell at resistance it becomes support.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 6/29/21 at 11:39 am to
seeing ETC and BTC.SV pump has me questioning wtf people are doing
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
13426 posts
Posted on 6/29/21 at 11:48 am to
quote:

What do you think?

It’s all relative to block demand. If block demand stays at current levels it will hardly decrease inflation at all. If we go back to Q1 demand then yeah it will have a big effect
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 6/29/21 at 12:49 pm to
quote:

I’m a big ETH bull but I think the 1559 hype is overblown. Gas has to remain near 100 gwei for it to actually become deflationary


100%
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82096 posts
Posted on 6/29/21 at 3:32 pm to
Classic Wyckoff!


This post was edited on 6/29/21 at 3:33 pm
Posted by 21JumpStreet
Member since Jul 2012
14871 posts
Posted on 6/29/21 at 5:33 pm to
What happens after though?

Repeat?
This post was edited on 6/29/21 at 5:33 pm
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 6/29/21 at 5:36 pm to
I think you have a green bar that goes to the Andromeda galaxy

then probably correction at the cycle peak
This post was edited on 6/29/21 at 5:39 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82096 posts
Posted on 6/29/21 at 6:37 pm to
Rocket ship
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 6/29/21 at 6:42 pm to
quote:

What happens after though?

Repeat?


Nobody really knows, but if it follows the pattern, we'll rocket to new ATH and then it'll be another Wyckoff Distribution phase most likely. That's what we saw before the drop from 65k.
Howeverr, considering the timing, we could hit a real bear market after that. Would probably be around mid-late august.
This post was edited on 6/29/21 at 6:44 pm
Posted by 21JumpStreet
Member since Jul 2012
14871 posts
Posted on 6/29/21 at 6:46 pm to
So sell after a new ath? That was my plan... if we get there
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 6/29/21 at 8:57 pm to


Idk, I am a dummy when it comes to crypto and investment, just been watching the Wyckoff pattern since that Uncomplication YT video went viral. Definitely don't take what I say as anything remotely close to advice.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 6/29/21 at 10:53 pm to
Man, the people in our government are just perpetually clueless and hopeless

quote:

Democratic Rep. Bill Foster of Illinois, co-chair of the House blockchain caucus, said Tuesday that laws must be passed to allow federal courts to identify digital-asset holders and then reverse transactions in bitcoin or other digital currencies, a policy that is anathema to many cryptocurrency investors.


I’m sure the decentralized computer protocol will give a rats behind about your laws about reversing transactions. Is this the kind of shite you spout off about when you advance past being able to use e-mail?
This post was edited on 6/29/21 at 10:56 pm
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 6/29/21 at 11:08 pm to
Blow off top coming
Posted by Hangit
The Green Swamp
Member since Aug 2014
45747 posts
Posted on 6/30/21 at 5:05 am to
I am a coinage un-wizard. My question for all you wizards, is that, if these latest charts for BTC come to fruition, does it take the secondary coins up with it? I have noticed that their charts almost mirror BTC's.

Do y'all think this trend will continue, if the bull market resumes, as per this Classic Wyckoff chart? TIA
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61865 posts
Posted on 6/30/21 at 9:07 am to
Anyone else get in this crypto.com 5th anniversary mystery box thing? LINK I got in early and have been able to buy quite a few of these. Debating on reselling them or opening them

ETA: I see that I can only get rewards from 5 of them, so I’ll keep 5 and sell the rest
This post was edited on 6/30/21 at 9:38 am
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