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re: Official CryptoTalk Thread

Posted on 10/11/21 at 9:21 pm to
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/11/21 at 9:21 pm to
500,000 to 1m. But that’ll buy you a Big Mac by then
Posted by Douglas Quaid
Mars
Member since Mar 2010
4116 posts
Posted on 10/11/21 at 11:01 pm to
quote:

Anyone in here staking Olympus and making a killing?


Yes.
Posted by Zilla
Member since Jul 2005
10629 posts
Posted on 10/12/21 at 9:48 am to
quote:

But what some don't understand is that purchasing power will be much less in USD terms. So $1mm bitcoin by that point won't be like having $1mm today.


I'd say most don't get that...
Posted by Pierre
Baton Rouge
Member since Nov 2005
5386 posts
Posted on 10/12/21 at 9:52 am to
What? How?

quote:

PY 7,479.3%
This post was edited on 10/12/21 at 9:54 am
Posted by GumboPot
Member since Mar 2009
133319 posts
Posted on 10/12/21 at 12:05 pm to
quote:

quote:

What? How?


quote:
PY 7,479.3%


I'm in disbelief too. But I think I'm going to link my wallet and stake one ohm and see what happens. I just hope it's not a scam but little bit of research I've done already,it appears to be legit. The APY does change every 8 hours.
Posted by Ross
Member since Oct 2007
47825 posts
Posted on 10/12/21 at 12:28 pm to
well if BTC is a store of value and it’s cost in fiat goes up, eventually you just have to conclude that the fiat is going down

right now you’ve got appreciation due to adoption as well as fiat depreciation, eventually it is going to be exclusively fiat depreciation driving its cost
Posted by TigerDeBaiter
Member since Dec 2010
10485 posts
Posted on 10/12/21 at 7:39 pm to
But what some don't understand is that purchasing power will be much less in USD terms. So $1mm bitcoin by that point won't be like having $1mm today.

Not a hard concept. But when people give out targets in 3-4 years the purchasing power discussion is just mental gymnastics. Unless you think we are going to see zimbabwe type inflation.

Now is was a 30-40 target that would be another discussion
Posted by Ross
Member since Oct 2007
47825 posts
Posted on 10/12/21 at 7:52 pm to
Michael Saylor’s Twitter either got deleted or deactivated or something, it won’t load
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43473 posts
Posted on 10/13/21 at 7:20 am to
This BTC bleeding back into alts is a surprise to me
Posted by Ross
Member since Oct 2007
47825 posts
Posted on 10/13/21 at 7:32 am to
CPI came in hotter than expected for September at 0.4% month to month, 5.4% year over year

feels like you can just forecast that I’ll be able to say that almost every month for the foreseeable future

Given how CPI is biased to the downside, the dollar really has been bleeding badly for almost a year now. Undoubtably continues to be bullish for BTC.
This post was edited on 10/13/21 at 8:11 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81714 posts
Posted on 10/13/21 at 7:56 am to
A bunch of the on chain guys projected a small pull back this week before a continued run up
Posted by lsu777
Lake Charles
Member since Jan 2004
34960 posts
Posted on 10/13/21 at 8:12 am to
quote:

A bunch of the on chain guys projected a small pull back this week before a continued run up



this is what odin is predicting for BTC




also this luna chart was posted showing path forward during bull run



Posted by lsu777
Lake Charles
Member since Jan 2004
34960 posts
Posted on 10/13/21 at 8:32 am to
For the record, if you are not following Tim pace on Facebook, you need to be. This was his analysis from this morning
quote:

(The red and green arrows are the Aurox Indicator and they recommend a buy or a sell. Red indicates where you should sell and green indicates a buy zone.)

Good morning friends! What a great Wednesday.. Astros won and I'm not hung over so win win... Anyways the bulls took the day off perhaps to watch the games I don't know... But the fact remains we dropped a bit. I am looking for some reprieve here. Somewhere I think the bleeding will subside. Well look no further than the 4hr 50 MA. It is currently providing some much appreciated support and the current candle which closes in around 20 mins is looking like a bullish one.

We have been consistent in creating higher highs over the past few days and I think this could result in even more bullish days ahead. But we will have to see if the 4hr 50 MA does in fact hold. I think there is quite a good shot at this occurring due to the fact the ichimoku cloud is directly above it offering a comfortable support in the event that we do lose that 4hr 50 MA. This could and should give traders confidence.

Ultimately we are still beholden to the 0 on the speed fan I threw on the chart a few days ago. If we can muscle our way above the 0 blade on the fan we will likely see more bulls join the cause. Of course that is purely speculation. 58k is definitely resistance as past performance shows. We are in a tight spot and the bulls have some work to do in order to make it to the illusive 60k. Of course 65k would be even better. But at this point I will take any gains I can get. I hope you all have a great Wednesday and always remember WTFDIK??

TLDR: Bitcoin is bouncing off that 4hr 50 MA. Come on bulls!!!




Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 10/13/21 at 8:46 am to
quote:

Michael Saylor’s Twitter either got deleted or deactivated or something, it won’t load


he chadded up just to @saylor
Posted by EPORE
BATON ROUGE
Member since Mar 2005
918 posts
Posted on 10/13/21 at 9:32 am to
Is SHIB worth dropping $100 on?
Posted by Photoshop Doctor
Member since Jan 2021
35 posts
Posted on 10/13/21 at 10:04 am to
Personally I would not waste much money on Shib - it is already at as 10 billion dollar market cap. It it is probably capped at a ~30 billion market cap or so.

It may go higher, but it is going to move slower from here...and the people saying it will hit 1 cent don't know what they're talking about. They would have to burn 99% of their coins to accomplish that.

If you guys are looking for a low cap altcoin, I like the memecoin Tiger king $TKING. It is only at a $60million market cap at the moment. New Tiger King season coming out Nov 17th so my thought is it will pump then and especialy if it hits any major CEXs like Coinbase. This one could realistically hit 1 cent and make you a lot of money.


Also keep an eye on BabyShibaInu (BABYSHIBAINU) $20M MC probably will follow the path of Papa Shib. There are a lot of Shib altcoins out there, but this one has the best shot in my opinion to match Shiba Inus trading pattern.

This post was edited on 10/13/21 at 10:09 am
Posted by lsu777
Lake Charles
Member since Jan 2004
34960 posts
Posted on 10/13/21 at 10:08 am to
while you are right on shib, get the frick out wiht the Tking BS. Both your post have been about that. go away with the shilling. and it would never hit a major exchange
Posted by Photoshop Doctor
Member since Jan 2021
35 posts
Posted on 10/13/21 at 10:10 am to
quote:

while you are right on shib, get the frick out wiht the Tking BS. Both your post have been about that. go away with the shilling. and it would never hit a major exchange


Why do you think TKING would not hit a CEX if Dogecoin and Shiba Inu did? They're both memecoins.

Curious to hear your thoughts.
This post was edited on 10/13/21 at 10:17 am
Posted by Photoshop Doctor
Member since Jan 2021
35 posts
Posted on 10/13/21 at 10:18 am to
Also, I like a lot of other altcoins....these could also pop off at anytime.

BabyShibaInu
SafemoonInu
Rubic
Ariva
Posted by EPORE
BATON ROUGE
Member since Mar 2005
918 posts
Posted on 10/13/21 at 10:21 am to
@photoshop Doc--thx for the input, I dropped $100 on Shiba Inu on Coinbase. I will look into the Tiger King as well.
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