Cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.)

[txduck87 981]

yeah, i'm still waiting it out.  buying the dip is cool and all, but not sure we ready to pamp yet.  whales are merciless and probably a pump to clear out some shorts.
geez, a single account just sold ~60eth of Looks right when it got up to $4.  but it's been holding out pretty well tbh.  

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[Guest]

1 hour ago, txduck87 said:

Dead. Cat. Bounce.


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Lol. Dude never posted in this thread until this drawdown. 

If only we had been so lucky to have him earlier to tell us that crypto is volatile. 

[txduck87 981]

Lol. Dude never posted in this thread until this drawdown. 
If only we had been so lucky to have him earlier to tell us that crypto is volatile. 

Just an old guy who’s seen the movie many times over my life . 1987, dotcom 2000, 2008 financial crisis , real estate bubble.

Just a cautionary tale for you yunguns.

Personally don’t own a penny of the stuff but , history is doomed to repeat itself .

Index funds over the long haul will get you where you want to be.
Tread with caution young bucks .


Now get off my lawn
#retired@55


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[Guest]

1 minute ago, txduck87 said:

Just an old guy who’s seen the movie many times over my life . 1987, dotcom 2000, 2008 financial crisis , real estate bubble.

Just a cautionary tale for you yunguns.

Personally don’t own a penny of the stuff but , history is doomed to repeat itself .

Index funds over the long haul will get you where you want to be.
Tread with caution young bucks .


Now get off my lawn
#retired@55


Sent from my iPhone using Tapatalk

Instructions unclear. Sold all my Vanguard funds and put it all into Dogecoin. 

[txduck87 981]

Instructions unclear. Sold all my Vanguard funds and put it all into Dogecoin. 

To the moon!


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[bluto 4872]

One more time as it’s quite timely… wash/sale rules apply to crypto this yr? On Coinbase pro. 

[Parliament 14111]

I presume that when the Great Sell-off begins, bitcoin owners will learn that the people they bought their Bitcoin/Dogecoin/Memecoin from where just North Korean hackers. And all the sudden they're poor again.  

[bernorange 8346]

39 minutes ago, Parliament said:

I presume that ...

That's not how BTC blockchain works.

 

[gyroprotagonist 2591]

1 hour ago, bernorange said:

That's not how BTC blockchain works.

 

 

[Nice Guy Eddie 13391]

Funny that when crypto makes a downturn, people come out of the woodwork for an I-told-you-so moment. Then they disappear waiting for another downturn.  Bear markets in crypto can be measures in days if not hours.  Just as anti-crypto types like to quote drops from the top, let's reverse that with the gain since Monday's low: 13.5% up.

In my view, the real drain on crypto has been that ALL investors are being hurt in the stock & crypto markets. It's a false argument by some crypto enthusiasts that the two are uncorrelated. When they share a certain % of investors, they're correlated. But I see more adoption and use cases of crypto by the day. In comparing crypto to internet adoption, we're basically in 1994. We haven't heard of Amazon yet. Google and Facebook aren't even an idea yet.

to be clear, It would not shock me if crypto is down for 2022. There are too many macro economic signs to not see this as a possibility.

[RDCanecutter 26238]

2 hours ago, Nice Guy Eddie said:

Funny that when crypto makes a downturn, people come out of the woodwork for an I-told-you-so moment. 

I predict that it will go down, and up, many times. I do not claim the gift of prophesy.

[gyroprotagonist 2591]

This is all you need to know for crypto.  it's really this simple.  

so just figure out what BTC is going to do and you can't go wrong.  

[The Dog 43771]

 

[Muny_Tex 291]

Funny that when crypto makes a downturn, people come out of the woodwork for an I-told-you-so moment. Then they disappear waiting for another downturn.

Yeah , we hardly heard a word from the whales / bulls / margin-buyers / social media nerds when it was at $68k :rolleyes


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[grazinhorn 472]

Quick scan, didn't see it - 

 

[Immaculate Vibes 114]

Here’s a quick PSA. I’ve seen people post about Voyager in the past. Thought you might be interested in their terms and conditions.

Section 5D. 
https://www.investvoyager.com/useragreement/

You can be certain other exchanges do the same. They’re selling more coins than they have. Essentially running a fractional reserve. With the supply artificially inflated, it keeps the price down. Pulling coins off exchanges (of any crypto) gives you sovereignty over your coins and also helps mitigate this way of suppressing the price of your favorite coin(s). Not your keys not your coins. 

[Goofyboy 3156]

man i would love someone to walk me through staking the aave and ankr that i have.  aave looks pretty straightforward based on their site.  ankr, way over my head.  this is a really dumb request but it appears you guys really get all this.  ive just been holding and buying when i can.  pm me if you can help.
thanks in advance.

I staked 1/2 of my AAVE. It’s pretty easy. I make 5%, which ain’t much, but it’s there. What do you want to know?

[NOMAAA 1696]

10 hours ago, Goofyboy said:

I staked 1/2 of my AAVE. It’s pretty easy. I make 5%, which ain’t much, but it’s there. What do you want to know?

appreciate the offer.  i dont think i own enough for it to matter. 

[Nice Guy Eddie 13391]

1 hour ago, NOMAAA said:

appreciate the offer.  i dont think i own enough for it to matter. 

If you can live giving up control of your keys, Celsius pays 4.86% on AAVE deposits. Pays in AAVE.

[TonyTexas 10478]

Definite sell signal 

 

[T’Boo Ted Marshall 2721]

Which has better potential long term upside, Matic or Cardano?  I realize opinions may vary.  

[washparkhorn 9931]

1 hour ago, TonyTexas said:

Definite sell signal 

Reminds me of something I saw yesterday about Tesla. Elon called the top for Tesla when he asked the internet if he should sell billions worth of Tesla shares. 

Edited January 28, 2022 by washparkhorn

[washparkhorn 9931]

Found the chart on Musk:

market makers make markets

[MonkeyDoughnut 10134]

In response to WH talking coordinated BTC regulation as matter of national security now....

 

[bernorange 8346]

17 hours ago, T’Boo Ted Marshall said:

Which has better potential long term upside, Matic or Cardano?  I realize opinions may vary.  

Been reading some noise about ADA getting ready for a move up.  Supposedly whales have doubled their holdings in the last few days.  We'll see.

[XYZ 2154]

38 minutes ago, MonkeyDoughnut said:

In response to WH talking coordinated BTC regulation as matter of national security now....

So is that it for BTC? US government “regulates” it, BTC goes the way of the dodo bird?

[Nice Guy Eddie 13391]

Us govt wants to regulate btc, but terrorists and drug dealers always discovered with millions in US currency.

[XYZ 2154]

I think when they say “for national security reasons” they don’t mean “criminals might use BTC for criminal purposes”. What they mean is BTC could pose a threat to the government’s monopoly on money and we can’t have that.

[bernorange 8346]

I think it means Coinbase's high powered lobbying efforts are bearing fruit.  Throw up roadblocks for potential competitors.  We'll have to see what actual legislation gets proposed.

[workswithseed 2033]

^^^ palabra.

[Guest]

39 minutes ago, Nice Guy Eddie said:

Us govt wants to regulate btc, but terrorists and drug dealers always discovered with millions in US currency.

Now, I specifically remember in Breaking Bad when they were laying on the huge pile of Bitcoin in the storage locker.

Speaking of, however, was reading about Silk Road and Ross Ulbricht who went to Westlake and UT-Dallas. Anyone know him?

[MonkeyDoughnut 10134]

2 hours ago, XYZ said:

So is that it for BTC? US government “regulates” it, BTC goes the way of the dodo bird?

To me means becomes main stream, insures its future and that anything of value add in the system that can be taxed or regulated will continue to and/or will move out of the country.

[Chips O'Toole 1316]

I started a Gemini account a few months ago to buy some BTC and ETH to sit on and watch how things work. Now I want to put some into a handful of altcoins, but Gemini doesn't trade a lot of them such as ADA. 

 

Is Binance a good exchange to jump into other coins or would you recommend something else?  I liked Gemini because I didn't have to go through and get multiple wallets which I didn't want to bother with. What wallets/platforms do y'all use/recommend for someone just starting out?

[AngryDragon 270]

13 hours ago, Chips O'Toole said:

I started a Gemini account a few months ago to buy some BTC and ETH to sit on and watch how things work. Now I want to put some into a handful of altcoins, but Gemini doesn't trade a lot of them such as ADA. 

 

Is Binance a good exchange to jump into other coins or would you recommend something else?  I liked Gemini because I didn't have to go through and get multiple wallets which I didn't want to bother with. What wallets/platforms do y'all use/recommend for someone just starting out?

Crypto.com. Good rewards program with CRO and their card w free netflix and spotify rebate plus 10% stakingif you have the money to upgrade to jade green(4k). Don't hold up withdrawals generally like Binance does with coins like One when moving off exchange. 

Edited January 30, 2022 by AngryDragon

[Nice Guy Eddie 13391]

13 hours ago, Chips O'Toole said:

I started a Gemini account a few months ago to buy some BTC and ETH to sit on and watch how things work. Now I want to put some into a handful of altcoins, but Gemini doesn't trade a lot of them such as ADA. 

 

Is Binance a good exchange to jump into other coins or would you recommend something else?  I liked Gemini because I didn't have to go through and get multiple wallets which I didn't want to bother with. What wallets/platforms do y'all use/recommend for someone just starting out?

I’ve found kraken too be a good exchange.

[gyroprotagonist 2591]

kucoin will have almost every coin under the sun.  i mainly use coinbase and then kucoin for stuff they don't offer like gaming coins.  

[closetohumping 17380]

On 1/24/2022 at 11:56 AM, FirstTimeCaller said:

Lol. Dude never posted in this thread until this drawdown. 

If only we had been so lucky to have him earlier to tell us that crypto is volatile. 

It's the same guy. Hates on crypto when things are bad or they're "thankful they got out early." When things are going well "yeah, I got in early on bitmeth, at like 4 cents, I'm buying the Detroit Lions."  Every time

[NOMAAA 1696]

1 hour ago, closetohumping said:

 I'm buying the Detroit Lions.

great tell of a good investor.

[closetohumping 17380]

23 minutes ago, NOMAAA said:

great tell of a good investor.

Buy low my friend.

[Immaculate Vibes 114]

 

[Chopper 17125]

 

 

[XYZ 2154]

So two dipshits with almost 100k bitcoins put their private keys in “the cloud”. How dumb do you have to be to put anything important in the cloud?

[gyroprotagonist 2591]

FBI is going to be decked out arriving to crime scenes in lambos now

[Blotto 23418]

CPI report released at 7:30 CST this morning, and markets promptly reacted. BTC did as well. For all of the talk of BTC being a hedge against inflation and superior to the Fiat currencies, etc.... it seems to be increasingly correlated to the markets in general. 

[Nice Guy Eddie 13391]

2 hours ago, Blotto said:

CPI report released at 7:30 CST this morning, and markets promptly reacted. BTC did as well. For all of the talk of BTC being a hedge against inflation and superior to the Fiat currencies, etc.... it seems to be increasingly correlated to the markets in general. 

At the end of the day, it's the same investors.  That's the correlation.

[elfenix 34167]

what are all you cryptobros using to figure your taxes?

[NOMAAA 1696]

1 hour ago, elfenix said:

what are all you cryptobros using to figure your taxes?

nothing.

[RDCanecutter 26238]

2 hours ago, elfenix said:

what are all you cryptobros using to figure your taxes?

Nice try, cop.

[Guest]

On 1/28/2022 at 1:56 PM, TonyTexas said:

Definite sell signal 

 

Up a solid 19% in two weeks.

[gyroprotagonist 2591]

i have not entered back in to any main coins yet.  small position in Luna.  

as to taxes, most of the cexs will basically tell you your tax liability right?  it's the defi and nft shit that gives me a headache just thinking about it.  we file quarterly and pretty much always get an extension.  I am hoping/betting on some better software coming out to calculate the defi and nft tax liability.  all the data is there and you can download everything fom etherscan and polyscan (and the solana scan etc... with all the niche chains) but what a beating.