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re: Official CryptoTalk Thread

Posted on 7/28/21 at 7:00 am to
Posted by BottomlandBrew
Member since Aug 2010
29394 posts
Posted on 7/28/21 at 7:00 am to
A month ago the ratio was lower, but it's still way higher than it was earlier this year.
Posted by go ta hell ole miss
Member since Jan 2007
14586 posts
Posted on 7/28/21 at 7:02 am to
quote:

eth/btc chart is the worst it's been in awhile actually


I obviously need to learn how to read charts in crypto. To me the one week chart on Bitcoin is an absolute beauty and looks ready to breakout further to the upside from here. Once it sustained $40k it seems like $42k is likely now.

I would like someone to explain crypto charts to me (probably like I am five years old).
Posted by beaverfever
Arkansas
Member since Jan 2008
35621 posts
Posted on 7/28/21 at 7:05 am to
quote:

I obviously need to learn how to read charts in crypto.
You’re better of reading tarot cards.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 7/28/21 at 7:08 am to
Well, you're comparing BTC to USD. In that post, he's comparing BTC to ETH, which is going to look different than BTV to USD. The ratio of BTC/ETH usually is one indicator of BTCs strength within the crypto market, as higher ETH usually indicates a movement out of BTC and into ETH and other alts. BTC will need to suck up money out of alts to really skyrocket.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/28/21 at 7:18 am to
You have to figure we’re about to rechallenge 42 and then 45k here soon.

The great reversal may be upon us. We are either on the way to the fabled 100k+ ATH or this is the biggest bull trap in financial history.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 7/28/21 at 7:22 am to
if you're comparing alts/dollars you can still be positive, but comparing alts/bitcoin they're trending down so it's better to hold bitcoin at the current time

alts tend make their run once bitcoin stabilizes/consolidates

here's the 3 month eth/btc chart to show what I was talking about

This post was edited on 7/28/21 at 7:28 am
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1413 posts
Posted on 7/28/21 at 7:29 am to
Yea, I’ve been keeping an eye on that. I have 70% in ETH and the other 30% in BTC. Gonna wait and see what happens next week with EIP1559 before I decide to shift and move though.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 7/28/21 at 7:30 am to
we just need to turn 40k into support then we will be good for the next leg up, so that's the key number for now imo.

we might get some stable coin fud today tho so we will see
This post was edited on 7/28/21 at 7:32 am
Posted by go ta hell ole miss
Member since Jan 2007
14586 posts
Posted on 7/28/21 at 7:33 am to
quote:

Well, you're comparing BTC to USD. In that post, he's comparing BTC to ETH. .


Got it. I misunderstood his post.

quote:

here's the 3 month eth/btc chart to show what I was talking about


Thanks!
This post was edited on 7/28/21 at 7:35 am
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 7/28/21 at 7:40 am to
ELIZABETH WARREN SAYS DIGITAL CURRENCY AND CENTRAL BANK DIGITAL CURRENCY MAY BE AN ANSWER TO HELP THE UNBANKED INTO THE FINANCIAL SYSTEM - CNBC

LINK

--

here they go. they're going to try to market crypto/bitcoin as bad and CBDCs as good
This post was edited on 7/28/21 at 7:41 am
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/28/21 at 7:43 am to
Imagine actually thinking Elizabeth warren is for the “little guy”
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1413 posts
Posted on 7/28/21 at 7:55 am to
Last I heard she was against big banks and their practices. She can’t make up her mind.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 7/28/21 at 7:56 am to
The fact that anyone can buy into her shtick is a testament to how stupid the American voter is
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 7/28/21 at 8:18 am to
quote:

Last I heard she was against big banks and their practices. She can’t make up her mind.



All of the talking heads in Washington say whatever they feel they need to in the moment to sway votes. There's no integrity except in the extremes, which is frightening.
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1413 posts
Posted on 7/28/21 at 8:51 am to
Maybe we get an afternoon push
Posted by 21JumpStreet
Member since Jul 2012
14871 posts
Posted on 7/28/21 at 12:11 pm to
Blockfi credit card on it's way
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 7/28/21 at 12:27 pm to
damn. I'm like 100k on wait-list
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4932 posts
Posted on 7/28/21 at 12:29 pm to
Anyone here trading with DCA bots? Ive just started using one about a month ago and the results have been impressive. I realize the market has done well the last few weeks, but I believe it’s the volatility coming back into play has helped it even more.

Anyone else using these things? Interested to hear from others that use em.

Btw, I’ve been trading crypto since 2017 and have done well over the years. These bots just peaked my curiosity for some reason. All I know is that I stare at my bot way more than trading view now lol.





Posted by Whichwayisup
Member since Jun 2021
454 posts
Posted on 7/28/21 at 1:19 pm to


quote:


Anyone else using these things? Interested to hear from others that use em.


Tradealts is who I follow, he's on utube
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 7/28/21 at 1:27 pm to
Anyone been using the Fold card? The spin wheel that just ended this morning was insane.

ETA: Made a mistake calculating - I got 8.7% back at current BTC price. 7.5% back prior to factoring in the increase in BTC price over the past few days/
This post was edited on 7/28/21 at 3:12 pm
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