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re: Official CryptoTalk Thread

Posted on 3/4/24 at 7:36 pm to
Posted by MrSpock
Member since Sep 2015
5084 posts
Posted on 3/4/24 at 7:36 pm to
quote:

Can someone please explain how doge has any value? there is an unlimited supply


Does it really matter? 99% of this shite has no value. Make your money and move on.
Posted by NoSaint
Member since Jun 2011
12506 posts
Posted on 3/4/24 at 7:44 pm to
quote:

Would probably think about selling a little bit before 4 cents. Just my opinion baw


One more 10x would plenty thrill me
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 3/4/24 at 7:48 pm to
Posted by beaverfever
Arkansas
Member since Jan 2008
35569 posts
Posted on 3/4/24 at 7:52 pm to
Looks like we’re about to get an ATH.
Posted by BottomlandBrew
Member since Aug 2010
29380 posts
Posted on 3/4/24 at 7:52 pm to
Sooooo close. It's rare I look below the 1D candles on the charts these days, but I had to switch it to the 5M chart to watch this happen.
Posted by BottomlandBrew
Member since Aug 2010
29380 posts
Posted on 3/4/24 at 8:11 pm to
This one hits close to home.

Posted by duchuntintiger
Somewhere
Member since Aug 2008
3772 posts
Posted on 3/4/24 at 8:14 pm to
Shiba to the moon
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 3/4/24 at 8:30 pm to

Watcher.Guru
@WatcherGuru
·
12m
JUST IN: $105 million worth of #Bitcoin shorts liquidated in the past 24 hours.
Posted by The Baker
This is fine.
Member since Dec 2011
19277 posts
Posted on 3/4/24 at 8:32 pm to
Imagine what kind of retard it takes to short btc right now.
Posted by meeple
Carcassonne
Member since May 2011
10879 posts
Posted on 3/4/24 at 8:42 pm to
Ok so I went to go login to Coinbase for the first time in a few years.

It’s asking me to update my Authenticator app by requesting a photo ID. This is through Coinbase. Why is it doing this?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82093 posts
Posted on 3/4/24 at 8:44 pm to
quote:

I am a millionaire from SHIB at 4 cents.

I sure hope fricking so, 4 cents is like 1000x from here. Market cap will also be $25 trillion. Y'all need to get that "If SHIB gets to a penny I'll be ___" out of yalls heads
This post was edited on 3/4/24 at 8:46 pm
Posted by The Baker
This is fine.
Member since Dec 2011
19277 posts
Posted on 3/4/24 at 8:46 pm to
I think its regulation compliance. I did it a couple years back, and it was fine.
This post was edited on 3/4/24 at 8:46 pm
Posted by meeple
Carcassonne
Member since May 2011
10879 posts
Posted on 3/4/24 at 8:52 pm to
Ok thanks.
Posted by LordSaintly
Member since Dec 2005
42385 posts
Posted on 3/4/24 at 9:15 pm to
Yeah even if SHIB does a 10x from here, it's a 250 billion market cap. I don't know if it can do that.
Posted by BottomlandBrew
Member since Aug 2010
29380 posts
Posted on 3/4/24 at 9:21 pm to
quote:

Imagine what kind of retard it takes to short btc right now.


It boggles my mind that someone would leverage crypto at all, but especially right now. I guess degens gonna degen. I thank them for their sacrifice as I love a good liquidation wick, up or down.
Posted by QboveTopSecret
America
Member since Feb 2018
3474 posts
Posted on 3/4/24 at 10:06 pm to
It boggles my mind that someone would leverage crypto at all


Most of the world besides the USA has access to Derivatives/Dex Exchanges. 5x is normal for BTC.
Posted by Odinson
Asgard
Member since Apr 2014
2863 posts
Posted on 3/4/24 at 10:52 pm to
ETH quietly chugging along.
Posted by 98eagle
Member since Sep 2020
3147 posts
Posted on 3/4/24 at 10:55 pm to
quote:

It boggles my mind that someone would leverage crypto at all, but especially right now.


You can leverage Bitcoin without shorting simply by buying BTFX or BITX, both of which are 2X Bitcoin Futures Funds. To be safe, you can put a trailing stop like 12% on 1/2 of your investment. If Bitcoin continues to rise you earn 2X on 100% of your investment. If the trailing stop gets triggered, you still have half of your investment (plus growth) that will grow the same % as one of the 1 speed Bitcoin Spot ETFs, plus 46% of your investment (plus growth) sold to cash for better protection than being 100% long in one of the Spot ETFs, assuming that Bitcoin is in a deep correction.

BTFX is up 51.33% in the last 5 days. BITX is up 46.97% in the last 5 days. I'm in BTFX with trailing stops as I explained. I am cruising along making double profit percentage with BTFX (with only minimal leveraged risk) than with Bitcoin and the Spot ETFs and BITO. Also BITO tracks Bitcoin just like the Spot ETFs but also earns over 15% in dividends, so it's fun to have for dividend reinvestments with no added risk than being in a Spot ETF, which I am also invested in 4 of them. If you are pro Bitcoin, consider making more with BTFX, BITX and/or BITO.
This post was edited on 3/4/24 at 11:10 pm
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 3/5/24 at 8:00 am to
quote:

ETH quietly chugging along.


not much longer for Eth before it dips
Posted by REG861
Ocelot, Iowa
Member since Oct 2011
37877 posts
Posted on 3/5/24 at 8:02 am to
quote:

Shiba to the moon


Finally starting to sputter a little. Yesterday was fricking ridiculous.
This post was edited on 3/5/24 at 8:05 am
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