Bitcoin and other forms of digital currency

[Foreman Porgy]

3 hours ago, CsabaLazlo said:

Big drop today. Any idea what could cause a graph that looks like a cliff?

Market makers taking out peoples stop losses at 20k,liquidating traders, leading to a liquidation cascade. 

[Mark Twain]

I doubt BTC or the rest of the crypto space will bounce back before BTC’s next halving in 2024. Could be a great time to buy if it drops below $10k. Maybe I’ll just sell my other crypto and buy . . . Oh . . .




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[zaphoid]

For those of you with Voyager accounts, they have filed for Chapter 11 and are not allowing withdrawals

https://www.investvoyager.com/pressreleases/voyager-digital-commences-financial-restructuring-process-to-maximize-value-for-all-stakeholders

[raindog]

Especially now, if you aren't keeping your currency offline, using a cold wallet, you are nuts.

Edited July 6, 2022 by raindog

[lodibricks]

Call me nuts. Voyager was a wake-up call, even though they weren't the first...or last. I have a little bit in multiple places (including Voyager).
I don't think I'll go yet as far as a hardware wallet, but I'm curious what others might be using as non/self-custodial wallets.
I already have some under the Trust Wallet app and am thinking of just moving more that direction.
I also see Crypto.com and Coinbase have their own wallet apps aside from their main app. I'm assuming your coins wouldn't be frozen in a bankruptcy under those apps, but it still seems questionable if the app is maintained by a company that could be bankrupt. Curious on others' thoughts.

[House Schubert]

Not your keys?…not your coins. 

[bigboy61]

1 hour ago, lodibricks said:

Call me nuts. Voyager was a wake-up call, even though they weren't the first...or last. I have a little bit in multiple places (including Voyager).
I don't think I'll go yet as far as a hardware wallet, but I'm curious what others might be using as non/self-custodial wallets.
I already have some under the Trust Wallet app and am thinking of just moving more that direction.
I also see Crypto.com and Coinbase have their own wallet apps aside from their main app. I'm assuming your coins wouldn't be frozen in a bankruptcy under those apps, but it still seems questionable if the app is maintained by a company that could be bankrupt. Curious on others' thoughts.

I use a Ledger. Works great. Well worth the money. Just never ever ever enter your seed phrase anywhere except on a Ledger device. If you have significant assets, you should buy a hardware wallet. 

 

I also have some on Kraken that I was going to sell. I need to move it back. I only use soft wallets when I am on a computer I don't have my ledger set up with, but it gets sent to my Ledger eventually.

[raindog]

Being chiefly a silver stacker, I enjoy this meme.

  

 

 

[marcandre]

Blockfi just froze my account. I should have pulled once ftx went down. After Luna really. Wallet been sitting in my amazon basket 😑

[bigboy61]

On 11/11/2022 at 7:42 AM, marcandre said:

Blockfi just froze my account. I should have pulled once ftx went down. After Luna really. Wallet been sitting in my amazon basket 😑

Hopefully you didn't have too much in there.

[marcandre]

15 hours ago, bigboy61 said:

Hopefully you didn't have too much in there.

Not too much. Most btc rewards as I had been using the cc for everything. Lesson learned. 

[Captain_Obvious]

Everything is so cheap right now, I understand why though. Went deep on MATIC at $.78. I want to grab Ether too, but the stolen tokens possibly getting dumped combined with the no stake withdraw until 24’ is causing hesitation- does anyone feel safe buying Ether at a certain price right now, what is a comfortable floor, and why so?

[bigboy61]

3 hours ago, Captain_Obvious said:

Everything is so cheap right now, I understand why though. Went deep on MATIC at $.78. I want to grab Ether too, but the stolen tokens possibly getting dumped combined with the no stake withdraw until 24’ is causing hesitation- does anyone feel safe buying Ether at a certain price right now, what is a comfortable floor, and why so?

Wait, they won't let you unstake your coins until 2024??? Yikes.

 

I feel like a solid value for ETH is $300-600. Probably 300 or 400. There's not really much analysis there. Just that last time, it went from 1400 down to under $70 ~95% drop). So far it's gone down from $4600 to $1000 (~78% drop). Seems like it has more to fall before a bottom. $300 or $400 seems like a reasonable bottom to me. It could dip a little lower than that too, but it's close enough. 

Edited November 21, 2022 by bigboy61

[Captain_Obvious]

18 minutes ago, bigboy61 said:

Wait, they won't let you unstake your coins until 2024??? Yikes.

 

I feel like a solid value for ETH is $300-600. Probably 300 or 400. There's not really much analysis there. Just that last time, it went from 1400 down to under $70 ~95% drop). So far it's gone down from $4600 to $1000 (~78% drop). Seems like it has more to fall before a bottom. $300 or $400 seems like a reasonable bottom to me. It could dip a little lower than that too, but it's close enough. 

I was thinking $300-600 too. I believe it could be all downhill with ETH now and I see a lot of risk trying to grab the sword as it falls hoping for a small pump and dump day trade.

However, once it gets to the 3-6 range, I’ll get back into the flipping game. Hate to wait, feel like I might be leaving some real money on the table until then if it bounces back to $1400-1600 a couple more times 

[bigboy61]

Anyone here see SBF has been arrested? He has been denied bail and will be sitting in Bahamas jail until February from what I saw in the news.

[Darth_Raichu]

6 hours ago, bigboy61 said:

Anyone here see SBF has been arrested? He has been denied bail and will be sitting in Bahamas jail until February from what I saw in the news.

I got a weird feeling SBF is gonna get Epstein-ed before 2023 ends