Started By
Message

re: Official CryptoTalk Thread

Posted on 10/20/21 at 10:10 am to
Posted by dagrippa
Saigon
Member since Nov 2004
11292 posts
Posted on 10/20/21 at 10:10 am to
I'm still putting 20 bucks a day in.
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 10/20/21 at 10:32 am to
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.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 10/20/21 at 10:58 am to
quote:

Everyone still doing normal dca?



Have to, otherwise it isn’t truly DCA
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 10/20/21 at 12:19 pm to
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 by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 10/20/21 at 2:13 pm to
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 by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43299 posts
Posted on 10/20/21 at 3:17 pm to
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.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80773 posts
Posted on 10/20/21 at 5:43 pm to
quote:

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.

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.
Posted by BLM
ATL
Member since Oct 2011
746 posts
Posted on 10/20/21 at 5:53 pm to
I am…only thing I’ll ever do is up my weekly buy.
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
11809 posts
Posted on 10/20/21 at 6:40 pm to
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 by MattA
Member since Nov 2019
1601 posts
Posted on 10/20/21 at 7:31 pm to
ETH up almost 10% on the day. Anymore room to run on this?
Posted by FlyinTiger93
Member since May 2010
3579 posts
Posted on 10/20/21 at 7:50 pm to
SOL finally getting back in the game. Shooting toward $200.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42478 posts
Posted on 10/21/21 at 5:27 am to
ETH still going nuts this morning
Posted by philly444
stuck in contraflow
Member since Nov 2008
11355 posts
Posted on 10/21/21 at 6:16 am to
ETH closing in on an all time high
This post was edited on 10/21/21 at 6:17 am
Posted by TigerDeBaiter
Member since Dec 2010
10262 posts
Posted on 10/21/21 at 6:40 am to
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 by TigerDeBaiter
Member since Dec 2010
10262 posts
Posted on 10/21/21 at 6:46 am to
Damn, ADA dropped almost 20%. It’s recovered but still
Posted by BottomlandBrew
Member since Aug 2010
27093 posts
Posted on 10/21/21 at 6:55 am to
Maybe a bunch of sell orders at ETH ATH triggered a bunch of bots? Just a guess.
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5141 posts
Posted on 10/21/21 at 7:00 am to
Rocket sold some llamas
Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 10/21/21 at 9:20 am to
Posted by Adajax
Member since Nov 2015
6124 posts
Posted on 10/21/21 at 11:25 am to
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 by CouldaShot79
Louisiana
Member since Oct 2021
516 posts
Posted on 10/21/21 at 11:40 am to
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
first pageprev pagePage 1794 of 2095Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram