Cryptocurrency mega-thread

[Ghost Patrol]

I really can't tell if you're taking the piss or not.

Same. From what I read the massive crash in price in June was caused by the developers selling most of their coins.

They flooded the market while the price was crashing.

 

[The Dice Man]

I am pretty happy to wake up this morning and see Btc held above 40k. Guess we're going to slowly meander down to 37-38k throughout the day?

 

[The Dice Man]

Same. From what I read the massive crash in price in June was caused by the developers selling most of their coins.

They flooded the market while the price was crashing.

YEah thought the same. I bought some when I first started at around $130 IIRC. But if I look at my order history on Binance it's over 40 pages long. Not many coins I haven't had at some stage

Someone even sent me $100 K worth of some vera coin to my wallet. Shame I can't seem to trade it to BNB.

 

[Evolved1]

Good news ladies and gents. The US is talking about potential bailouts for crypto. Nothing to worry about if you buy the top of cumrocket. Just hold and wait for the US to pay you out.

Senator Elizabeth Warren says crypto might need a ‘bailout’ if things go wrong | Headlines | News | CoinMarketCap

In her interview with Bloomberg, Senator Elizabeth Warren warned about major risks surrounding the ongoing expansion of crypto as she called for …

coinmarketcap.com

 

[Evolved1]

Does anyone here understand NFT's?

For example, why are people paying $150,000+ US for an ape jpeg?

 

[burge13]

Does anyone here understand NFT's?

For example, why are people paying $150,000+ US for an ape jpeg?

Anyone defending the utter stupidity of these is higher than a giraffes nuts

Look at the NBA topshot ones. They "own" and NFT for $20K, i watch the highlight on youtube, twitter, espn, fox etc for free. Unless they receive royalties for others viewing (they dont), its one of the greatest scams/ponzis ever. Bizarre

 

[Ghost Patrol]

Does anyone here understand NFT's?

For example, why are people paying $150,000+ US for an ape jpeg?

Yeah just right click and save.

 

[The Dice Man]

I tried to do one on Binance NFT section from a painting of my dog and was gonna put a 20k price on it. I tried for 5 minutes and gave up.

 

[The Dice Man]

I’m dead serious.

I remember when everyone called bitcoin a scam.

Like I said let’s see where we end up.

It pumps n dumps 10-15% every day or 2. Might start doing it myself.

 

[Evolved1]

Anyone defending the utter stupidity of these is higher than a giraffes nuts

Look at the NBA topshot ones. They "own" and NFT for $20K, i watch the highlight on youtube, twitter, espn, fox etc for free. Unless they receive royalties for others viewing (they dont), its one of the greatest scams/ponzis ever. Bizarre

Some people have been making a killing trading these things, and I applaud their game.

You wouldn't want to be the last one standing when the music stops though. I suspect a lot of it is money laundering.

 

[BEaston]

People have said all the same things about crypto. They haven't exactly been proven that wrong yet.

 

[The Dice Man]

I'm sad I got stuck in a trade that priced me out of Luna as it rose, but I did get into DOT at 13 so that kind of makes up for that.

Who else is here is holding some RSR. I remember there was someone who mentioned it. It's doing great this week.

 

[Ghost Patrol]

Yeah I still got RSR

RVN is starting to ramp up as well.

 

[The Dice Man]

Highest top since May 17th.

 

[maryjames]

ICP heading towards 100% up since I said buy in.

 

[maryjames]

Bitcoin up $14,000US since it’s low 17 days ago.

 

[Ghost Patrol]

Bitcoin up $14,000US since it’s low 17 days ago.

You holding LUNA as well?

 

[maryjames]

You holding LUNA as well?

Nup.

Missed that train

 

[Ghost Patrol]

Nup.

Missed that train

Fair enough

Starting to feel like Feb/March again so grabbed some HOT today

Heaps of charts looking primed, should be a good weekend.

 

[maryjames]

Fair enough

Starting to feel like February again so grabbed some HOT

Heaps of charts looking primed, should be a good weekend.

Hopefully this is the official bull run. Like we were in May 2017.

 

[Shupe]

Nup.

Missed that train

No you haven't

 

[BACCS]

For the first time since the May 19 crash, my overall portfolio is officially into the green! It feels weird seeing a positive number . While I never wavered on my confidence that it would recover, it's a nice milestone to hit.

 

[Chris25]

I think you’ve missed the boat on ETH for this cycle. I am honestly very confident of making at least 10x on XRP this year from current prices, vs maybe 3 or 4x from here on ETH.

Nup.

Missed that train

I don't quite understand comments like these?

The idea that you've missed the boat on ethereum because it might only go up x4 from here. Or that you've missed the train on Luna. Yes the initial gains have passed, but if this is a start of something then you'd expect that to go past its high and at least double? Hardly missing out I would have thought.

 

[Shupe]

I don't quite understand comments like these?

The idea that you've missed the boat on ethereum because it might only go up x4 from here. Or that you've missed the train on Luna. Yes the initial gains have passed, but if this is a start of something then you'd expect that to go past its high and at least double? Hardly missing out I would have thought.

Exactly. Imagine being UNHAPPY with 4x on your investment. You can bang on about opportunity cost all you like, about how others are increasing at a faster rate, however they are more volatile and you're just as likely to lose it at the same rate.

I would be interested to hear the breakdown on some portfolio's on here. I never have more than ~5% in mid-low caps.

 

[Chris25]

Imagine if bitcoin doubled. People would be losing their minds.

Yet x4 on something else is missing out.