Cryptocurrency mega-thread

[Ghost Patrol]

flipping lol

 

[Bostonian]

People on here day trading or holding like shares?

Holding but if a hold makes a decent profit sell the profit level and put it into BTC/ETH.

 

[Bostonian]

Thanks everyone for the advice! I have signed up to both Binance and Swyftx, just to see how different platforms suit me. From reading a few articles, BTC, BNB and ETH are good ones to start investments with in 2021?

You're starting at the top end there so again depends how much you have to invest.

Doesn't hurt to have a small portfolio with a bit of a spread.

 

[Gingerbread man]

Does anyone have any recommendations for staking for a beginner

 

[BACCS]

You're starting at the top end there so again depends how much you have to invest.

Doesn't hurt to have a small portfolio with a bit of a spread.

I’ve just put a little bit into each of the top 3 as my steady hold options, and have then decided to get a small amount of Doge too. I can afford to spend a bit, but not going over the top yet as I’m very new to this. I’m also on Crypto.com and am finding that an easier platform to use, is there a way of moving crypto from one wallet to another without fees?

I found this website useful as well when assessing the relative market caps of each altcoin to BTC

The Coin Perspective

Understand the market cap potential of your favorite alt coins

thecoinperspective.com

 

[Ry009]

Set BTC as your default currency and you can trade the DOGE/BTC pair, for example. Some crypto exchanges will have ETH pairs as well, but not swyftx.

Also, if default is set to AUD, you are actually trading USD and swyftx just puts an AUD skin over the top so it all looks AUD

They convert your AUD to USD when you transfer money in.

Thanks for the tip mate. Any ideas on the tax?

 

[Ghost Patrol]

No idea on the tax mate.

In other news, looks like someone put a doge on Wall st

 

[Bostonian]

Shiba Inu now having a bit of growth.

Cryptocurrencies Ranked by Highest Trading Volume | CoinGecko

Browse the top cryptocurrencies with the highest trading volume with CoinGecko's crypto volume tracker. This list of coins are ranked based on trading volume in the last 24 hours.

www.coingecko.com

Almost double ADA for that 24hr period.

 

[Ghost Patrol]

Shiba Inu now having a bit of growth.

Cryptocurrencies Ranked by Highest Trading Volume | CoinGecko

Browse the top cryptocurrencies with the highest trading volume with CoinGecko's crypto volume tracker. This list of coins are ranked based on trading volume in the last 24 hours.

www.coingecko.com

Almost double ADA for that 24hr period.

lol there's only 1 quadrillion of them in circulation

 

[Bostonian]

lol there's only 1 quadrillion of them in circulation

haha yeah I don't think they'll have much chance of making that one a thing with that kind of circulation.

 

[Ghost Patrol]

I'm listening to the WSB Chairman's stream on twitter.

They are pissed at some big names shorting doge today, sounds like they might go all in.

 

[BACCS]

After doing a fair bit of research, RSR and VET are the two lower value altcoins I’ve invested a little bit into. The potential for RSR and the technology behind it seems way too good to ignore, especially with PayPal creators supporting it. Have also dabbled in a bit of Doge as well for some fun, I understand it could completely crash soon and that’s fine with me, absolute bonus if it thrives.

Otherwise, as I mentioned earlier, have invested in BTC, ETH and BNB.

 

[BACCS]

I'm listening to the WSB Chairman's stream on twitter.

They are pissed at some big names shorting doge today, sounds like they might go all in.

Who is trying to short Doge?

 

[Ghost Patrol]

Who is trying to short Doge?

 

[BACCS]

Watching SNL that is live as we speak, Elon’s mum came on at the end of the opening monologue and the closing joke was ‘My Mother’s Day gift isn’t Dogecoin is it? ’ and Elon replies with ‘It sure is ’

 

[BACCS]

Is Doge going through a crash before a rise later this week? For those more experienced than me, why are so many selling after his line on SNL?

 

[BACCS]

 

[faible]

Is Doge going through a crash before a rise later this week? For those more experienced than me, why are so many selling after his line on SNL?

Was up to AUD$0.95 earlier today, dropped to $0.59 and has now rallied to $0.70 in the last hour... who knows

 

[Evolved1]

Is Doge going through a crash before a rise later this week? For those more experienced than me, why are so many selling after his line on SNL?

Buy the rumor, sell the news. Happens every time.

 

[BACCS]

Buy the rumor, sell the news. Happens every time.

Yep have read that a fair bit on the discussion forums. It doesn’t appear Elon has actually sold any of this stake though, so is this just people panic selling because they didn’t like the skit?

 

[BACCS]

Was up to AUD$0.95 earlier today, dropped to $0.59 and has now rallied to $0.70 in the last hour... who knows

Can’t keep my eyes off it! Fascinating to watch on a lazy Sunday arvo. I bought in too high (90 cents and 80 cents), but I’ve only staked a small amount and this is a good learning experience.

 

[Ghost Patrol]

Was expecting a bigger pump, bigger dump and then a big bounce - that's what it's done previously.

It dipped to similar level 2 days ago.

 

[BACCS]

Was expecting a bigger pump, bigger dump and then a big bounce - that's what it's done previously.

It dipped to similar level 2 days ago.

It seems like a few whales were always planning to dump when SNL went to air and this dropped the price quickly, but it has also now stabilized at about 70 cents AUD. How do you see the next couple of weeks play out?

 

[Ghost Patrol]

It seems like a few whales were always planning to dump when SNL went to air and this dropped the price quickly, but it has also now stabilized at about 70 cents AUD. How do you see the next couple of weeks play out?

Wouldn't surprise me if it traded sideways for a month, +/- 10%

But 75% either way wouldn't surprise me either lol

 

[cotter101]

It'll hit $1 in the next 2 weeks.