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Bitcoin and other forms of digital currency


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2 hours 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. 

I’ve been scalping it for the past 4-5 days. Dropped to 25 cents today, back up to 35. Cash out. Rinse and repeat the cycle. 

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So glad I sold everything 2 days ago. The whole market dipped twice in a row & I just had that feeling. Especially glad I sold Vechain. What a crash. Regretted it shortly after, because there was another small pump, but I certainly feel good about my decision now. Massive liquidation all across the market, if there's no news & btc drops below 50k, buckle up, it's gonna be rough.

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I'm just gonna continue buying the dips and selling when they rise, banking the seed money and continuing with profits.
Bought at 2050 today already sold at 2300. Rinse, repeat. Waiting for the next dip. should be in a few hours.

Dangerous? Maybe. I dont know what I'm doing. I just like money.

Edited by KvHulk
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I’ve been researching BTC and ETH. Feels like a FOMO moment but I’m intrigued by both. Valuation is the most challenging part...feels like gambling even though there is clearly long-term value.

Any highly recommended or reputable reading / videos on either of these ?


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1 hour ago, BrickLegacy said:

I’ve been researching BTC and ETH. Feels like a FOMO moment but I’m intrigued by both. Valuation is the most challenging part...feels like gambling even though there is clearly long-term value.

Any highly recommended or reputable reading / videos on either of these ?


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Research the 17/18 bear market before you do anything else & also the crashs before that. Bitcoin rallyed & dropped by 92% in 2018. I think many fail to realize that. It's not always rainbows & 10x returns.

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This site has some basic knowledge to understand bitcoin from a technical standpoint along with a live ticker to the next halving event. 

https://www.bitcoinblockhalf.com/

Here is some good info regarding the Blockchain structure. 

https://www.investopedia.com/terms/b/blockchain.asp

52 minutes ago, elmaslıefendi said:

 It's not always rainbows & 10x returns.

Im sure a lot of new investors that joined Coinbase last week, just to buy Bitcoin at an all time high, are seeing some big time losses. 

 

 

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I am not convinced that this is a top. The same thing happens every time we have a dip. Every time we have a dip all these people (mostly new, weak holders) come out saying "Is this the bear market????" and think it's the end of the world. 

If you look at both Ethereum and Bitcoin, neither is even close to 10x it's previous (2017/18) ATH. Ethereum isn't even twice it's previous ATH. That, to me, in and of itself, throws the bear market theory out the window. These kinds of gains are not the euphroria we see near the top. Not even close. 

Edited by bigboy61
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9 hours ago, bigboy61 said:

I am not convinced that this is a top.

 

First off, I hate shitcoin and all other crapto with a passion. After analyzing it to death I will have no part of it. 

With that said...Shitcoin dips like this every few weeks and so far, always comes back stronger. There is no evidence to show its trending downward longterm. All we know is it consistently goes higher over time.  

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I don't get the whole NFT thing. You own it but i that meme can still be used and you wouldn't get a dime. 

Speaking of not getting things, I've dabbled in the crypto market a bit but still have no idea what I'm doing. I read some things but still have no idea what the overall goal is here. Right now I own XRP that I can't really sell on Coinbase and Ethereum. I plan on holding both longer term. However, my main question is what is the long-term goal here? I see crypto as an alternative to standard finance but are all of the currencies just hoping they are the one that is chosen? I can see how XRP has a role in this and Ethereum and Bitcoin but most of these currencies won't exist when the bloodbath is over. It's not efficient to have several hundred currencies so are we just participating in a pissing contest to see who wins? 

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2 hours ago, Brystheguy said:

It's not efficient to have several hundred currencies so are we just participating in a pissing contest to see who wins? 

Basically, yes. Some nerds & pseudo-experts will say it's about technology & stuff, this is the future bla bla bla... it's not. It's about pumping coins & then dumping them on somebody else for more money. That's it. The whole market is driven by the idea to make big money relatively easy. Everybody is in for one thing: $$$. The question is: which idiot will hold the ponzibag at last?

Spoiler alert: Probably all of us, because we allow the system to quietly eliminate cash & therefore our freedom. Somebody wants us to accept digital currencies & this is their test run, their bait & most people took it. Total control & transparency. Forget the 'btc is totally anonymous'-bs. It's all bs, no digital currency is anonymous, only pseudonymous. Government can always identify you through exchanges or even the system itself, the blockchain saves every transaction with your specific wallet adress attached to it. Plus nobody knows who created Bitcoin, for all we know it could be the government itself.

Unfortunately nobody seems to care, nobody seems to notice, people only think about the risk that they could lose their money with an investment. But losing their freedom is not an issue to worry about... Critical thinking? Negative!

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13 hours ago, Brystheguy said:

Speaking of not getting things, I've dabbled in the crypto market a bit but still have no idea what I'm doing. I read some things but still have no idea what the overall goal is here. Right now I own XRP that I can't really sell on Coinbase and Ethereum. I plan on holding both longer term. However, my main question is what is the long-term goal here? I see crypto as an alternative to standard finance but are all of the currencies just hoping they are the one that is chosen? I can see how XRP has a role in this and Ethereum and Bitcoin but most of these currencies won't exist when the bloodbath is over. It's not efficient to have several hundred currencies so are we just participating in a pissing contest to see who wins? 

Every morning my wife asks how our imaginary investments are looking.  That how she refers to the crypto market and I'm not sure she's too far off.
Also, anyone here using bots for their crypto trading?  Any recommendations?

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8 hours ago, zaphoid said:

Every morning my wife asks how our imaginary investments are looking.  That how she refers to the crypto market and I'm not sure she's too far off.
Also, anyone here using bots for their crypto trading?  Any recommendations?

I have some staked. Certain coins are getting between 10-20% staking rewards. This way I don’t have to worry about the roller coaster ride. 

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29 minutes ago, BrickLegacy said:

Anyone paying attention to this 5/5 event with Gary V?


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🙋‍♂️ although I don't have enough ETH to participate... still tuning in to see what develops. chances are he/they will generate some nice gains! #FIL #community #fliplife 

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31 minutes ago, Jessekidd13 said:

I googled this and am lost.  What is the 5/5 thing?  He's just selling NFTs?  

there is a discord going https://discord.com/invite/N5dsRCF9

I can't tell if it's purely a right hook or if people will be able get in low with resale potential. 

my instinct says it will be memorable NFT's and people will bid to the moon....

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2 hours ago, Foreman Porgy said:

I have some staked. Certain coins are getting between 10-20% staking rewards. This way I don’t have to worry about the roller coaster ride. 

What are you staking that high?  I've got some ATOM that's getting 5% but that's about the best I've seen.

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7 hours ago, zaphoid said:

What are you staking that high?  I've got some ATOM that's getting 5% but that's about the best I've seen.

I’m staking CRO which is at 15.46% and seems like a really stable coin. I also have BTC staked on a 3 month term which is getting 4.5%. 

Edited by Foreman Porgy
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