Bitcoin and other forms of digital currency

[zmnnch]

Coinbase IPO tomorrow Wed. Will open at $250 a share. Start your engine or waiting for the slide...

[BrickLegacy]

Coinbase IPO tomorrow Wed. Will open at $250 a share. Start your engine or waiting for the slide...

Be ready to pay $500 at the opening bell.

[exracer327]

1 hour ago, zmnnch said:

Coinbase IPO tomorrow Wed. Will open at $250 a share. Start your engine or waiting for the slide...

I usually wait for the slide after the IPO.  I'll give it a few days.

I just hope this doesn't go the way of Roblox, which is way overpriced, especially coming out of a pandemic.

[Mark Twain]

Be ready to pay $500 at the opening bell.

More like $275. I didn’t have funds transferred in time because I’m an idiot so I missed it. Ran up to over $400 and is sitting just beneath there.

[exracer327]

2 hours ago, Mark Twain said:

More like $275. I didn’t have funds transferred in time because I’m an idiot so I missed it. Ran up to over $400 and is sitting just beneath there.

I think $275 is a more reasonable price, which is still nuts ($250 estimated value). 

It definitely lost steam just 30 minutes into trading and didn't rebound until it got below $320.  I heard several analysts say their buy-in was between $300 - $325.  After that group bought in, it rebounded to $340ish but lost steam again.  It's not very often an IPO closes lower than its initial buy-in price, which was $381.  There was a lot of hype for this one.  Will be curious what it does in next few days.

Edited April 14, 2021 by exracer327

[MarleyMoose]

Not a stock but Doge coin is on the move the past few days and still climbing. It's up to $0.329. My buy in was at $0.044 Up @ 660+%. Too bad I had only put in $175.

[TheOrcKing]

[Voltron]

5 hours ago, MarleyMoose said:

Not a stock but Doge coin is on the move the past few days and still climbing. It's up to $0.329. My buy in was at $0.044 Up @ 660+%. Too bad I had only put in $175.

Back in my day, one dogecoin used to equal one dogecoin.

[sodoubleoggood]

18 minutes ago, Voltron said:

Back in my day, one dogecoin used to equal one dogecoin.

For a coin that mints 10,0000 per minute and will have an unlimited supply, you did the smart thing.  I'm all about moon coins, but this is a bubble if I ever saw one.  

This video explains why I've never doge'd.  A good low cap coin to look into is VET / vechain....

 

[Mark Twain]

Reading some original posts in this thread from 2013 . . . What a different world we live in from 8 years ago.


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[Legojona]

On 6/7/2017 at 8:04 PM, Legojona said:

I have been trading bitcoins and other altcoins since 2013 and I was just able to quit my dayjob. I wrote my Master thesis on bitcoin and take the blockchain developments as one of the most important revolutions currently happening in tech. 

I  recommend people to put a little bit of money in both bitcoin (1 = $2800) and Ethereum (1 = $250) and just let it be. 

Not financial advice

[elmaslıefendi]

Big correction. 

[zaphoid]

7 hours ago, elmaslıefendi said:

Big correction. 

That hurt a bit to wake up to, but I have been kind of expecting it.

[KvHulk]

You call it what you want. I call it a buying opportunity.

[House Schubert]

18 minutes ago, KvHulk said:

You call it what you want. I call it a buying opportunity.

That was exactly my thought. I’ve been waiting for a dip to stock up. 

[elmaslıefendi]

17 hours ago, KvHulk said:

You call it what you want. I call it a buying opportunity.

Be careful not to get burned though, I think we are close to the top of the bull market. At some point people will take profits, when coins just 10x, 20x, 50x. And if you know anything about crypto, the bear markets are frustrating, all profits can melt away in hours. Play it safe & don't be greedy, my advice to all BrickPickers! 

[Voltron]

53 minutes ago, elmaslıefendi said:

Be careful not to get burned though, I think we are close to the top of the bull market. At some point people will take profits, when coins just 10x, 20x, 50x. And if you know anything about crypto, the bear markets are frustrating, all profits can melt away in hours. Play it safe & don't be greedy, my advice to all BrickPickers! 

For the "no coiners", does it make sense to just DCA weekly into bitcoin and avoiding alt coins? Guess if starting now will never experience any parabolic gains, but stmight be able to grow over a 4/5 year timeline.

 

[elmaslıefendi]

42 minutes ago, Voltron said:

For the "no coiners", does it make sense to just DCA weekly into bitcoin and avoiding alt coins? Guess if starting now will never experience any parabolic gains, but stmight be able to grow over a 4/5 year timeline.

Doesn't really work that way. People will say that's a good idea, I won't though. The next crypto bear market won't take 4/5 years to come, I'm thinking more like 4/5 months or 4/5 weeks. If you think Bitcoin will just rallye and crush everything, go ahead. 

To me it seems like the locomotive has lost its steam a bit. I don't like this double dip here, we were down yesterday & we're down today. If a tweet or an eletric blackout or a crazy billionaire on Twitter is enough to move the markets 10-30%... well... 

I don't want to spread FUD, but you might wanna watch this before you do anything in this current market time:

Not saying it's the end... but crypto moves in waves & this wave right here might be at its breaking point. 

[Mark Twain]

For the "no coiners", does it make sense to just DCA weekly into bitcoin and avoiding alt coins? Guess if starting now will never experience any parabolic gains, but stmight be able to grow over a 4/5 year timeline.
 

Alt coins will likely have the most room to grow depending on the coin. But what coin? It’s a true guessing game.

Lots of folks see potential in Ecomi token because of the Veve app and selling NFT digital collectibles but buying into it is so stupidly complicated that most avoid it.

ADA has massive potential but not enough interest at the moment to continue its gains from last year which were astronomical.

These are just off the top of my head. In the end most alt coins are a lot like options trading-not much different than gambling.


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[Foreman Porgy]

[MarleyMoose]

Oops. Wrong place.

Edited April 19, 2021 by MarleyMoose

[exracer327]

11 hours ago, elmaslıefendi said:

Doesn't really work that way. People will say that's a good idea, I won't though. The next crypto bear market won't take 4/5 years to come, I'm thinking more like 4/5 months or 4/5 weeks. If you think Bitcoin will just rallye and crush everything, go ahead. 

To me it seems like the locomotive has lost its steam a bit. I don't like this double dip here, we were down yesterday & we're down today. If a tweet or an electric blackout or a crazy billionaire on Twitter is enough to move the markets 10-30%... well... 

I don't want to spread FUD, but you might wanna watch this before you do anything in this current market time:

Not saying it's the end... but crypto moves in waves & this wave right here might be at its breaking point. 

I have no idea who this guy from the video is or what experience he has but the founders of coinbase have said over the past week that crypto goes through cycles.  This is currently the "4th cycle" (their words).  Each cycle begins with a stagnate to slow increase and then rockets up.  Once it peaks it plateaus and then slowly drifts back down which begins the next cycle.  Each spike up has been like 10x the previous spike.  As this is the 4th spike up, if the pattern stays consistent, at some point it should begin to drift back down and begin another cycle.  This isn't advice, but based upon their observations.  Also, I don't do crypto so I don't have a pony in this race.  I did buy stock in coinbase (caught it on one of the dips,) hence why I have been listening to its founders.

Edited April 20, 2021 by exracer327

[dennugsmello]

16 hours ago, Foreman Porgy said:

Dogecoin at $50 Billion Makes It Bigger Than Ford and Kraft (yahoo.com)

[elmaslıefendi]

Anybody buying doge, a joke coin, at these levels is a madlad & I admire their courage to literally burn their money. It's pumping & dumping & very uncertain. I bought at 1.8 cents & told you guys about it on this forum. This was when gme was exploding.

The current price levels are completely unjustified, just like every other crypto currency. They're not even currencies, they're speculative data bits. A huge bubble. People hold them to dump them on someone else later on. If you disagree & you think people are in for the technology, then you're a fool trusting a merciless market. These whales can kill your portfolio in a minute if they want to. But the ponzi isn't done just yet. In the end all this junk should & will technically be worth 0 or near 0 until the next wave will come which will dwarf the one before that, just like it has been these last years. I can only advize anyone who's deep in the green to cash out sooner than later & buy some real, hard assets. 

[spener90]

35 minutes ago, elmaslıefendi said:

Anybody buying doge, a joke coin, at these levels is a madlad & I admire their courage to literally burn their money. It's pumping & dumping & very uncertain. I bought at 1.8 cents & told you guys about it on this forum. This was when gme was exploding.

The current price levels are completely unjustified, just like every other crypto currency. They're not even currencies, they're speculative data bits. A huge bubble. People hold them to dump them on someone else later on. If you disagree & you think people are in for the technology, then you're a fool trusting a merciless market. These whales can kill your portfolio in a minute if they want to. But the ponzi isn't done just yet. In the end all this junk should & will technically be worth 0 or near 0 until the next wave will come which will dwarf the one before that, just like it has been these last years. I can only advize anyone who's deep in the green to cash out sooner than later & buy some real, hard assets. 

It's basically one giant game of hot potato.