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Old 01-22-2021, 02:08 AM   #4576
SupersayianNeo
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I managed to convert all of my BTC 0.02137 ($814)worth in ETH right before the crash. I got lucky. Not that I had a plan, but I did manage to sell 2 ETH's for almost 3k. HODLing my ETH. I think its just a dip, and waiting for it go back up. If not, then we should take advantage of the dip, especially a crash. Either way, I see it as a win win.
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Old 01-22-2021, 02:16 AM   #4577
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Hmm, a "coin" worth thirty thousand times as much as the leading world currency.

Sound sustainable?

I mean, someone or group seems to keep pumping cash for em...

As with bitcoin itself, There's no guarantee, I figure.
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Old 01-22-2021, 11:11 AM   #4578
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Quote:
Originally Posted by parker View Post
Hmm, a "coin" worth thirty thousand times as much as the leading world currency.

Sound sustainable?

I mean, someone or group seems to keep pumping cash for em...

As with bitcoin itself, There's no guarantee, I figure.
total bitcoin in existence is about 18 million.

total dollars in circulation is about 1.5 trillion.

by a 1:1 standard, the price of a bitcoin should be over 80,000. maybe I should invest more.

additionally, while the fed can print more money (or destroy it) to change how many dollars are in circulation, the schedule for how a bitcoin is created is very precise.

you should really spend a bit of time educating yourself. not because it's a good investment, but because it can help you better form arguments for why you will never invest in bitcoin, at least arguments that won't make you look silly.

bitcoin as a currency, like paying for a burger and fries currency, seems silly though, how much for that burger and fries? that'll be 0.00015 bitcoin please.
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Old 01-22-2021, 11:18 AM   #4579
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samagon is right. My opinion is that it's an especially horrible "investment" but there are some facts about it that should be known.
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Old 01-22-2021, 11:36 AM   #4580
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Quote:
Originally Posted by WRX Shenanigans View Post
Any thoughts OT? Is this just a big dip? Or a crash? Worth selling and salvaging some profit or is it primed to bounce hard?
I have a friend who bought in at 34k and was sweating the drop to 30k. I told him to decide if the tax loss harvesting for a few k is really worth it. The upside chances are good that it will be at a higher level in the coming months.

He decided to keep holding. I'm sure many people bought in at the last highs of 40k and are likely kicking themselves now that its below those levels.

Tin foil hat: i think big whales are taking advantage of this correction to buy in large amounts. People were worried about Janet Yellen being anti btc but then she also said it has benefits. Btc bad = price drops whales buy in, btc= good now price stabilizes. /tinfoil hat
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Old 01-22-2021, 11:51 AM   #4581
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Quote:
Originally Posted by luder4life View Post
Tin foil hat: i think big whales are taking advantage of this correction to buy in large amounts. People were worried about Janet Yellen being anti btc but then she also said it has benefits. Btc bad = price drops whales buy in, btc= good now price stabilizes. /tinfoil hat
No hat required, that's all the market is really, proven openly years ago. Some of us peasants get lucky on the big pump and dumps, others get scammed. Rinse, repeat.

The blockchain tech pioneered by Bitcoin, then later on much much improved with further coins, will eventually be used in lots of stuff and actually already is in a lot of places around the world.
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Old 01-22-2021, 12:02 PM   #4582
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Quote:
Originally Posted by samagon View Post
total bitcoin in existence is about 18 million.

total dollars in circulation is about 1.5 trillion.

by a 1:1 standard, the price of a bitcoin should be over 80,000. maybe I should invest more.

additionally, while the fed can print more money (or destroy it) to change how many dollars are in circulation, the schedule for how a bitcoin is created is very precise.

you should really spend a bit of time educating yourself. not because it's a good investment, but because it can help you better form arguments for why you will never invest in bitcoin, at least arguments that won't make you look silly.

bitcoin as a currency, like paying for a burger and fries currency, seems silly though, how much for that burger and fries? that'll be 0.00015 bitcoin please.
Agree with this, but also using the term coin is misleading. I'd say a Satoshi is actually the better metric. Currently 100 Satoshi is worth about $0.03.
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Old 01-22-2021, 12:11 PM   #4583
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20,000 Satoshi for a burger and fries? I won't pay it, that's highway robbery.
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Old 01-22-2021, 12:16 PM   #4584
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I've got 223 Shrute bucks. How many burgers and fries can I get with that?
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Old 01-22-2021, 05:57 PM   #4585
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Quote:
Originally Posted by Integra96 View Post
samagon is right. My opinion is that it's an especially horrible "investment" but there are some facts about it that should be known.
I guess it's kind of part of a grey area in law.

Seems to me it's more a matter of who is circulating the most.

I certainly don't want any dealings in the same currency organized crime has fallen in love with to this degree. I guess these things are that easy to track if they end up being laundered for organized crime. I'm going to be difficult to convince of that.

Kinda my favorite development of all this is it seems some really bad people have gotten out of dollars.

Obviously dubiousness is not a very rare thing.
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Old 01-29-2021, 10:22 AM   #4586
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As you know we were going through a lull, but it looks like it is picking back up again! I still have my target in mind and hopefully going to hit it this next run.

As an aside, yesterday morning I was hearing all the dogecoin talk so I thought, F it. I sold my Lisk that hasn't done anything in forever and put it in Doge. It was only a little more than $200 but its tripled already . I'm going to keep it in a bit longer and see if these idiots can't take it to $0.10
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Old 01-29-2021, 10:24 AM   #4587
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I'm hoping they can take it to $1 or even $5

#dogestonks
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Old 01-29-2021, 10:26 AM   #4588
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I hope so too

but if Coinbase does not allow me to send some stupid BTC or ETH to Binance I am going to burn every datacenter down!
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Old 01-29-2021, 10:30 AM   #4589
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Doge was up to .078 last night.
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Old 01-29-2021, 10:35 AM   #4590
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Get ready, Nano is next. BNB has it
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Old 01-29-2021, 11:58 AM   #4591
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Quote:
Originally Posted by sebtarta View Post
Get ready, Nano is next. BNB has it
Where did you hear that? I wonder if Bittrex has it...
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Old 01-29-2021, 12:19 PM   #4592
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Quote:
Originally Posted by WRX Shenanigans View Post
Where did you hear that? I wonder if Bittrex has it...
Reddit, DOGE and NANO
Binance has both



FU Coinbase! trully FU - I am still not able to send any coin out. Yet deposit works like a charm.

Once I am able to move my assets, it is all going to Bincance.us
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Old 01-29-2021, 02:05 PM   #4593
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I have like 20k dogecoin that I bought at fractions of a cent. This rocks.
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Old 01-29-2021, 03:41 PM   #4594
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Finally managed to move some BTC to Binance.us....now we wait until confirmationsx6 clear. Which probably another hour
https://live.blockcypher.com/btc/tx/...547b45695a90d9
My BTC transaction hash, transfer from Coinbase Pro to Binance.us
*sigh*


BTC is on a decline right now

Last edited by sebtarta; 01-29-2021 at 03:47 PM.
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Old 01-29-2021, 04:45 PM   #4595
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I just want 20 bucks worth of dogecoin. This API **** is a pita
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Old 01-29-2021, 09:53 PM   #4596
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There's some irony if Doge moons. Of all the things...
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Old 01-30-2021, 11:31 AM   #4597
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Why move it to Binance? Didnít they shut out US customers?
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Old 01-30-2021, 12:43 PM   #4598
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Why move it to Binance? Didnít they shut out US customers?
They did, but then reopened a US market, binance.us

You have to go through a new registration/validation procedure, though.
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Old 01-30-2021, 12:56 PM   #4599
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Originally Posted by nab911 View Post
Why move it to Binance? Didnít they shut out US customers?
Also curious to get the answer. I thought that Coinbase is the #1 exchange on the market at the moment.


Quote:
Originally Posted by sebtarta View Post
BTC is on a decline right now and it will.

Do you think we will renew the ATH this year or 42 k was the highest price in 2021 and we will slowly go back to 10k-7k...?

Last edited by Bobby Fischer; 02-03-2021 at 02:27 PM. Reason: spelling correction
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Old 01-30-2021, 03:49 PM   #4600
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Originally Posted by Bobby Fischer View Post
Also curious to get the answer. I thought that Coinbase is the #1 exchange on the market at the moment.





Do you think we will renew the ATH this year or 42 k was the highest price in 2021 and we will slowly go back to 10k-7k...?
Joined to post this? Why you sack of dirty dildos.
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