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re: Official CryptoTalk Thread

Posted on 5/28/24 at 10:59 am to
Posted by Art Blakey
Member since Aug 2023
290 posts
Posted on 5/28/24 at 10:59 am to
quote:

You would think the ETFs would not charge ANY fee and just get the staking rewards.

But then they would not really be a custodian. This is so weird we are calling it a commodity but i digress


2024, the year sh!tty incumbent polling simultaneously redefined the word "commodity" and securities laws. What is not fully appreciated yet is that Trump has completely neutered Liz Warren, and by extension, Gensler. She can't say one word against btc or crypto without costing her party votes. They know it. She knows it. We know it and they know that we know it.

And we're just getting warmed up. This election season is going to be insane.
Posted by BottomlandBrew
Member since Aug 2010
29378 posts
Posted on 5/28/24 at 11:12 am to
Ether as gas is a commodity.
Posted by QboveTopSecret
America
Member since Feb 2018
3474 posts
Posted on 5/28/24 at 2:17 pm to


I trade volatility so I am loving all of these pullbacks and recoveries on the way up.

He is my Base setup looking for divergences, any day traders input would be appreciated.

Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22628 posts
Posted on 5/29/24 at 8:53 am to
quote:

I trade volatility so I am loving all of these pullbacks and recoveries on the way up.
I'd be interested to know if there is a better success rate when day trading Crypto on Crypto exchanges compared to day trading traditional stocks on the NASDAQ .
This post was edited on 5/29/24 at 9:09 am
Posted by QboveTopSecret
America
Member since Feb 2018
3474 posts
Posted on 5/29/24 at 9:53 am to


The advice I received from a 15 year trader was to start with crypto and learn the trading language. Profits will Giant, forex and stock futures, but so will your losses if your not careful.
Posted by HeadyMurphey
Los Santos
Member since Jan 2008
17283 posts
Posted on 5/29/24 at 10:32 am to
Pretty big onboarding news:

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This post was edited on 5/29/24 at 10:33 am
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22628 posts
Posted on 5/30/24 at 6:47 am to
Generally speaking, seems every crypto offering I look at moves in lock-step with Bitcoin. Are there any that move independent of BTC?

Posted by 98eagle
Member since Sep 2020
3147 posts
Posted on 5/30/24 at 7:51 am to
I make the most money arbitrage trading Bitcoin's price volatility by making trades between BITO (which roughly tracks Bitcoin plus has a dividend) and BITX (a 2X Bitcoin derivative). I don't look at charts or pay much attention to macro news. That's all noise to me. I just make relatively small incremental trades based on relatively small Bitcoin price pullbacks and recoveries that I notice. My strategy is to accumulate more shares of BITO each month without investing new capital, plus to accumulate more cash by taking BITO's monthly dividend in cash.

EDIT 5/31/24: Wow! BITO announced it's June dividend today and it was another massive dividend ($1.76) , even bigger than May's record breaking dividend ($1.68). If BITO keeps this up, based on these two dividends alone, BITO is yielding almost 80% annually.
This post was edited on 5/31/24 at 9:52 pm
Posted by BottomlandBrew
Member since Aug 2010
29378 posts
Posted on 5/30/24 at 9:01 am to
quote:

Are there any that move independent of BTC?


History has said everything generally follows BTC. BTC runs and then alts catch-up. You'll have random alts pop off every once in a while, but those are hard to catch unless you're in the know on projects before they happen.
Posted by I Love Bama
Alabama
Member since Nov 2007
38431 posts
Posted on 6/3/24 at 6:01 am to
LINK

Some thoughts on BTC allocation in pension funds from a University professor.

It's nice to hear him mention an inflation hedge at the end of the segment.

In order for Bitcoin (or any commodity) to serve as an inflation hedge, the collective mindset has to believe it. We aren't there yet.

It took centuries for gold to be known as an inflation resistant asset. In the information age, it will come much quicker but I still think we are looking at 10 years more.
Posted by 21JumpStreet
Member since Jul 2012
14868 posts
Posted on 6/5/24 at 7:05 am to
Bnb with the ath
Posted by The Mick
Member since Oct 2010
44967 posts
Posted on 6/6/24 at 8:57 am to
Curious what happened in late 2017 and early/mid 2021 that all the cryptos spiked...

I was surfing around this morning and notice they all jumped significantly at those two timeframes. No biggie, just wondering why...
Posted by The Baker
This is fine.
Member since Dec 2011
19274 posts
Posted on 6/6/24 at 9:17 am to
quote:

Some thoughts on BTC allocation in pension funds from a University professor. It's nice to hear him mention an inflation hedge at the end of the segment. In order for Bitcoin (or any commodity) to serve as an inflation hedge, the collective mindset has to believe it. We aren't there yet. It took centuries for gold to be known as an inflation resistant asset. In the information age, it will come much quicker but I still think we are looking at 10 years more.


Definitely get in AFTER mass adoption. Not before.
Posted by LSUregit
Member since Dec 2013
1679 posts
Posted on 6/6/24 at 9:55 am to
That's just the typical BTC halving cycle every 4 yrs until mass adoption and stability. We're in the mist of another one currently. BTC is coiling up for another massive surge well over ATH and will bring the overall crypto market with it.
Posted by I Love Bama
Alabama
Member since Nov 2007
38431 posts
Posted on 6/6/24 at 1:03 pm to
Disagree with this. All of the inflows have been institutional cash, retail on Bitcoin has almost zero activity.

I don't see alts getting any traction this round.

Retail has been fricked two cycles and they aren't here for a third.
Posted by Chuckiee
Member since Jan 2007
2604 posts
Posted on 6/6/24 at 1:23 pm to
Alts will 100% run this cycle
Posted by The Mick
Member since Oct 2010
44967 posts
Posted on 6/6/24 at 1:43 pm to
thx
Posted by LSUregit
Member since Dec 2013
1679 posts
Posted on 6/6/24 at 1:57 pm to
So you're saying institution has been the degens that's driving all these meme coins to Valhalla?


- Retail is definitely not fully here to kick off the alt cycle but they will fomo in once btc takes off.
This post was edited on 6/6/24 at 2:02 pm
Posted by BottomlandBrew
Member since Aug 2010
29378 posts
Posted on 6/6/24 at 2:29 pm to
quote:

I don't see alts getting any traction this round.


That's certainly an opinion. My opinion is you're wrong. Very wrong, but you're free to believe what you want.
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 6/6/24 at 8:25 pm to
Lol alts are already up 300-500% from cycle low.

Alts are gonna be fine.
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