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Cryptocurrency mega-thread

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Interested in your elaboration here, in terms of US markets going back down again. I personally feel like it will stay up a while now, like a boxer on steroids, blanking out the noise, the crash to the canvas inevitable.

If anything Covid was a shakeout and a redistribution of wealth under the current capatalisitc paradigm. No prizes for guessing which way the redistribution went.

Also agree in terms of BTC still being coupled. Time will tell if it can ever break away. The full-scale global black swan is not from this virus (or this 'event' say), but it could be the next one, or if not that the one after.

A very complicated hell has officially been unleashed I'm afraid....

Not even to mention was occuring before Covid!

L-O-****ing-Loud
Deliverance said:
BTC will dive when the US markets do. Within 2 months I'd say.
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On POT-LX1 using BigFooty.com mobile app
 

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dustysnecktattoo said:
isn't the halving trend a big price drop for any coin then a steady climb to bigger ATH's?
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Many of the newer bitcoin wannabees like BCH and BSV just had their first halving so there isn't any historical data to go by.

The history of BTC is a steady climb past ATH well after the halving, but again there is the problem of a limited set of historical data. Covid-19 throws another variable into the mix.
 
Evolved1 said:
Many of the newer bitcoin wannabees like BCH and BSV just had their first halving so there isn't any historical data to go by.

The history of BTC is a steady climb past ATH well after the halving, but again there is the problem of a limited set of historical data. Covid-19 throws another variable into the mix.
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and all alt coins follow, nothing happens when other coins halve. it's weird.
 
Major rebalance. Needed to solidify, was basically in a degenerate long position on RUNE. Wasn't healthy.

Now:

RUNE: 41%
Tether: 21%
BTC: 16%
ETH: 14%
SNX: 8%
 
RUNE was about 6 cents when I first started posting about it in here earlier this year.

It's now 22 cents.

[emoji362][emoji298][emoji362]
 

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I know there are 205 pages on this topic, but very simple question....
Whats the easiest and most credible/reliable/liquid way to invest into crypto? Is there an ETF or something? Looking to put ~2% of net wealth into crypto.
I’ve worked in Fixed Income for a lot of my career, but crypto is just something I‘ve never found the time to really research and digest.
Thanks
 
bullish23 said:
I know there are 205 pages on this topic, but very simple question....
Whats the easiest and most credible/reliable/liquid way to invest into crypto? Is there an ETF or something? Looking to put ~2% of net wealth into crypto.
I’ve worked in Fixed Income for a lot of my career, but crypto is just something I‘ve never found the time to really research and digest.
Thanks
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Most liquid and easiest:

1. Send money to BTC markets using BPAY or Osko. Biggest Australian crypto exchange by volume.
2. Buy cryptos ETH or BTC.
3. Send cryptos to your personal wallet - I recommend a hardware wallet. Never store on exchanges, not your keys, not your crypto.

Any other way and you will either be eating a shit load of fees or you will be killed by slippage.
 


Havven / Synthetix has solved the age old question -- when Binance!
 
bullish23 said:
I know there are 205 pages on this topic, but very simple question....
Whats the easiest and most credible/reliable/liquid way to invest into crypto? Is there an ETF or something? Looking to put ~2% of net wealth into crypto.
I’ve worked in Fixed Income for a lot of my career, but crypto is just something I‘ve never found the time to really research and digest.
Thanks
Click to expand...

Crypto index funds generally perform poorly against the major assets such at BTC or ETH. IMO you're best simply holding those two and also working out a way to get exposure to DeFi.
 
The reason they perform poorly is there are a lot of awful projects with huge market caps. BTC and ETH however are not awful.
 

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Quixote said:
RUNE was about 6 cents when I first started posting about it in here earlier this year.

It's now 22 cents.

[emoji362][emoji298][emoji362]
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PS: Rune approaching $0.50, I started buying under $0.03 (main range 0.04 - 0.08)

SNX I bought at $0.35 in March, now approaching $3.00

Little flex ;)
 
I hope you guys got aboard the link train before it departed the station. I'm waiting to see the extent of the pullback before deciding whether to fill my bags with some more.

Bought some matic recently too. I'm hearing rumours of good things in the pipeline soon, but no specifics.
 
yep, I've been riding the LINK train. Glorious. Done well in Cardano ADA as well.

I highly recommed you guys research this whole Defi situtation, there's loads of magic internet money to be made by the early adopters. learn how to use UniSwap and Zapper.Fi

Crypto.com wallet/exchannge is also an awesome platform for passive income. Use my referal code if you want and get $50 free loaded on your wallet.


referal code:

chkspkvs8k


Snooze, you lose.


ambvboeoc2651.png
 
Ahh yes, the short arms and pot belly [emoji23]

DeFi has been Mental

Got in early on the Balancer liquidity mining and made 80 ETH clear profit for doing nothing but supplying liquidity to a twice fully audited smart contract over the course of 2-3 weeks. Printed $20k USD just like that

I love magic internet mooonnneeeyyy!!!
 
Quixote said:
Ahh yes, the short arms and pot belly [emoji23]

DeFi has been Mental

Got in early on the Balancer liquidity mining and made 80 ETH clear profit for doing nothing but supplying liquidity to a twice fully audited smart contract over the course of 2-3 weeks. Printed $20k USD just like that

I love magic internet mooonnneeeyyy!!!
Click to expand...
Amazing. Well played, good sir.
 

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