- Sep 17, 2019
- 22,328
- 35,378
- AFL Club
- Richmond
- Moderator
- #9,151
Could go up or down
Cryptocurrency mega-thread
- Thread starter DapperJong
- Start date
- Tagged users None
Could go up or down
ETH dumped to about 2520 as the upgrade went live, surged back over 2630 within about 10 minutes. As I expected, crazy s**t happening with price tonight.
SOL pumping nicely
Crypto goes up, crypto goes down.. seems like another day.
Absolutely, but that was a crazy 15 minutes of price action for the 2nd largest crypto. Price fluctuating like that in a short timeframe takes big money.
It's a 4% swing in price over 15 minutes, definitely not unprecedented and has probably happened at least a dozen times this year already for ETH.
Was actually a 6% swing in price. I am assuming you understand the type of money it takes to move a large asset like ETH in a quick period of time?
owen87
Premium Gold
- Apr 23, 2016
- 30,956
- 43,384
- AFL Club
- Essendon
I get you're passionate, but the level of condescension you post with is something you really need to get under control. Particularly when ash has shown the be a consistently high quality poster.
I am allowed to post as I please. Ash has attacked me in a couple of previous posts and I find his posting to be arrogant at times.
owen87
Premium Gold
- Apr 23, 2016
- 30,956
- 43,384
- AFL Club
- Essendon
If anything I've found him to be pretty respectful when he's disagreed with you.
You've come wading in, very clearly new to the space, and talk down to people on the back of watching apparently a truckload of YouTube videos.
You're free to post as you like, but it comes across pretty poorly for what's generally an informative thread, and I find it personally distasteful.
The fact you’ve resorted to a condescending point that I’m only making opinions based on YouTube videos (which is completely incorrect and fairly obvious from what I post) just shows a level of arrogance in your posting as well. Anyway, the ignore button is your friend if you don’t enjoy my posts.
owen87
Premium Gold
- Apr 23, 2016
- 30,956
- 43,384
- AFL Club
- Essendon
I generally avoid ignoring anyone, living in an echo chamber is boring and uninformative.
Post as you like, just be aware that I think you've come across as condescending to people that pull you up on making authoritative statements, and that those people have in many cases shown they've had a lot to offer.
You're free to ignore me, and anyone who challenges you, if you like, it's your money.
If you go back to the first few pages of this thread, it has very rarely just been about providing information. This is a discussion forum, not a news outlet.
If it started at 2630, dropped 4% to 2520, and then went back up to 2630 (a 6% increase from 2520) it's a 4% swing down. It would only be a 6% swing if it started at 2520 and went up 6%, which isn't what happened according to your post.
It makes sense if you read it like a news article:
"The ETH price fluctuated today with the rollout of an upgrade, whereby the price initially dropped 4% before quickly recovering to its initial pre rollout price'.
vs
'The ETH price fluctuated today with the rollout of an upgrade, whereby the price initially dropped 4% before quickly posting a 6% gain from the low to get back to its initial pre rollout price'.
Last edited:
- Banned
- #9,169
i just come here for reinforcement on my buy and sells. If i just bought something i want to read 'good time to buy' and when i sell i want to read 'good time to sell' or if ive held i want to read 'dont sell' - just reinforcement...
- Sep 17, 2019
- 22,328
- 35,378
- AFL Club
- Richmond
- Moderator
- #9,170
I came here to learn about dog money
I have posted a number of times with some trading analysis and news/rumours floating around. If you choose to ignore that or think because I’ve been around for a short period of time my opinion doesn’t matter, well I can’t do much about that.
I see a bit of chatter on Twitter about a crypto regulation looking to be passed in the US, doesn’t seem to be going down well with the pubic
Shupe
Brownlow Medallist
- Jun 21, 2011
- 13,335
- 10,396
- AFL Club
- West Coast
- Other Teams
- Indianapolis Colts
I'd say some sort of regulation is a very likely scenario. The exchanges know as much - they've already started making changes to get on the front foot.
For example Binance has already reduced (quite significantly) what a customer can withdraw without having completed KYC. Also the much needed (IMO) changes to leverage trading with a new maximum of 25x.
Watch out for a crackdown on stablecoins also - this is where the governments will try get their slice of the pie.
Crypto is the future and it's here to stay. Governments know it.
For example Binance has already reduced (quite significantly) what a customer can withdraw without having completed KYC. Also the much needed (IMO) changes to leverage trading with a new maximum of 25x.
Watch out for a crackdown on stablecoins also - this is where the governments will try get their slice of the pie.
Crypto is the future and it's here to stay. Governments know it.
I really can't tell if you're taking the piss or not.
I’m dead serious.
I remember when everyone called bitcoin a scam.
Like I said let’s see where we end up.
