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Started By
Message
re: Official CryptoTalk Thread
Posted on 10/20/21 at 10:10 am to 21JumpStreet
Posted on 10/20/21 at 10:10 am to 21JumpStreet
I'm still putting 20 bucks a day in.
Posted on 10/20/21 at 10:32 am to 21JumpStreet
I'm long term so yea, still doing the same thing because I never plan to sell my BTC.,
Just borrow against it if I ever need the capital.
Just borrow against it if I ever need the capital.
Posted on 10/20/21 at 10:58 am to 21JumpStreet
quote:
Everyone still doing normal dca?
Have to, otherwise it isn’t truly DCA
Posted on 10/20/21 at 12:19 pm to 21JumpStreet
quote:
Everyone still doing normal dca?
I am. Every Wed @ noon. Fixing to do it now. Whole point of DCA is not to worry about price IMO.
Posted on 10/20/21 at 2:13 pm to TigeRoots
Does anybody understand/know the arbitrage potential with GBTC selling at a discount to NAV and the price of spot BTC? I'm guessing the discount is due to distortions from this trade already or something of that nature.
Posted on 10/20/21 at 3:17 pm to 21JumpStreet
I don't do a true DCA... Every Tuesday night CB buys USDC for me, every $100 I transfer to KuCoin, buy matic and send to my wallet to bypass the eth gas, and buy whatever I want.
That has not yet changed for me.
That has not yet changed for me.
Posted on 10/20/21 at 5:43 pm to wutangfinancial
quote:It comes up pretty frequently on twitter and I don't quite know the exact cause. However, my assumption is that due to Grayscale Trust not being allowed to sell physical btc in the trust, it had to purchase X amount during the run up in the spring to keep AUM in line with outstanding shares. During the summer crash, retail began selling GBTC shares, but Grayscale could not sell the underlying bitcoin to keep the AUM in line. Therefore, it is speculated by people way smarter than me that the current discount will eventually revert to the mean, whether it be naturally or through a conversion of the trust to a spot ETF.
Does anybody understand/know the arbitrage potential with GBTC selling at a discount to NAV and the price of spot BTC? I'm guessing the discount is due to distortions from this trade already or something of that nature.
Posted on 10/20/21 at 5:53 pm to 21JumpStreet
I am…only thing I’ll ever do is up my weekly buy.
Posted on 10/20/21 at 6:40 pm to wutangfinancial
quote:
Does anybody understand/know the arbitrage potential with GBTC selling at a discount to NAV and the price of spot BTC?
If you think Gensler will approve a spot ETF the discount will evaporate since they are applying to convert it to one. The only other way I see it shrinking is a strong enough run in BTC where enough buyers exist to close the gap but with other products coming to market this seems less likely.
Posted on 10/20/21 at 7:31 pm to BLM
ETH up almost 10% on the day. Anymore room to run on this?
Posted on 10/20/21 at 7:50 pm to MattA
SOL finally getting back in the game. Shooting toward $200.
Posted on 10/21/21 at 5:27 am to MattA
ETH still going nuts this morning
Posted on 10/21/21 at 6:16 am to TheOcean
ETH closing in on an all time high
This post was edited on 10/21/21 at 6:17 am
Posted on 10/21/21 at 6:40 am to philly444
Someone please explain what just happened. Almost every single crypto fell 3% in a second with massive volume. Did some whale press “sell all”. Bizarre
Posted on 10/21/21 at 6:46 am to TigerDeBaiter
Damn, ADA dropped almost 20%. It’s recovered but still
Posted on 10/21/21 at 6:55 am to TigerDeBaiter
Maybe a bunch of sell orders at ETH ATH triggered a bunch of bots? Just a guess.
Posted on 10/21/21 at 7:00 am to BottomlandBrew
Rocket sold some llamas
Posted on 10/21/21 at 9:20 am to Ron Cheramie
Posted on 10/21/21 at 11:25 am to TigerDeBaiter
Yesterday an ETH whale moved over $117m off of Binance. I honestly don't know what that means or the ramifications but I saw the headline.
This post was edited on 10/21/21 at 12:03 pm
Posted on 10/21/21 at 11:40 am to FnTigers
quote:
Your wallet is a genesis wallet if you sent some. It has to be a defi wallet like metamask. Must have your own keys. No need to get access. It's already yours.
Do you mind going into more detail on this? I sent a few bucks worth of ETH to the sac wallet from MetaMask the other night. I saw the transaction go through on that end, but nothing to show for it on my end. Idk if I was supposed to actually receive any pulse or not at this point, but where would I see that? Are there any more steps to take? TIA
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