Bitcoin - Crypto investing and trading discussion

Discussion in 'Crypto Forum' started by heyimsnuffles, Dec 22, 2016.

  1. Rustic1

    Rustic1 Well-Known Member

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    More good news and proof it is here to stay and now recognized as a " SERIOUS ASSET"
    At some point it will become more stable.
    I'm very confident with my tulip bulb garden. :D

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  2. Rustic1

    Rustic1 Well-Known Member

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    Starbucks anyone? :D

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  3. StockJock-e

    StockJock-e Brew Master
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    The irony is that bitcoin was meant to be the replacement for centralized finance and was capable of buying coffee before the fees became $20 for a transaction.
     
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  4. Rustic1

    Rustic1 Well-Known Member

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    Those days are gone. Crypto is now a 2 TRILLION dollar environment and growing. Some of the modern people have no confidence in the markets and have no intention of entering it.
    I'm considering adding ETH.

    Sad part is all those years I was a non believer.

    We now live in a World of EV,AI,FINTECH and CRYPTO.
    NFTs are gaining popularity.
     
  5. StockJock-e

    StockJock-e Brew Master
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    NFT's are a bad sign of excessive exuberance.

    NFTs have their place, but $69M for some crappy collage?

    An artist selling some nice work, and being able to profit for future re-sale of their work? This is a wonderful vehicle that allows artists to benefit.

    The current craze will cool off eventually, but a lot of people end up holding garbage.
     
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  6. Rustic1

    Rustic1 Well-Known Member

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    Thats what both of us said about BTC. :D For years I said people were nuts for buying it. :cool2:

    GME fooled both of us. The Buffets are dying out and the millennials are taking the reigns. I grew up watching the JETSONS on black and white television, and riding on my big wheel. Now all that stuff is becoming reality.
     
  7. Rustic1

    Rustic1 Well-Known Member

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  8. Vdubman

    Vdubman Well-Known Member

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    This is why we have Litecoin. Because the fees are .02% of that which Bitcoin requires yet still processes just as fast. BCH attempted to be LTC but is still based off the broken BTC code base that cannot be everyday cash.
     
  9. CFi

    CFi Member

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    Breakout at 59.4k failed (flat top). Pull-back to 55.5k (support trend line), then back up to 59.4k from where we will likely break out and make new ATHs.
     
  10. financial junkyard

    financial junkyard New Member

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    The good old times...now it's just another speculative product
     
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  11. Vdubman

    Vdubman Well-Known Member

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    LTC on a tear today. Sold way early at $213. Outperforming most all large caps
     
  12. CFi

    CFi Member

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    Still too much supply around 59.4k. Once it is absorbed though, clear skies ahead.
     
  13. StockJock-e

    StockJock-e Brew Master
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    Interesting chart here.

    You would expect to see inflow to exchanges go up like previous rallies, indicating people are cashing out, but its not happening at the moment:

    upload_2021-4-7_8-4-55.png
     
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  14. StockJock-e

    StockJock-e Brew Master
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    BTC back over $60k
     
  15. B Russ

    B Russ Well-Known Member

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    So is it btc only thread? I think i own 7 millionts of one...or $40 worth. Lol

    i am dipping into the doge economy. \_”_/ i mean. Spacex will put one on the moon and i think it will be the official currency of mars....”so sayeth the shepherd so sayeth the flock”

    im not going crazy on it. Just replacing a value meal here and there with 100 or so doge. Id like to have 16k. Thats the arbitrary number i arrived at when i started looking at throwing 1k at it. Right now im at about 5200 doge.

    there are reasons aside from just elon speaking it. But not sure if im on the right thread to discuss it. The promising prospect of it being added on coinbase, is a big possible catalyst, as i see it. It was pretty hard for me to initially get the ol doge. As i suspect it is for many who are not extra savvy. I think when that changes, demand goes up. Also the nicks are accepting it as form of payment for anything them. Event tickets, merch, whatever. A couple other lesser noteworthy businesses as well.

    I admit im newish to crypto. But hey, if the worlds most successful entrepreneur, and big batter for retail investor is behind it and pumping it, ill invest in his pitch...
     
    #655 B Russ, Apr 11, 2021 at 11:38 PM
    Last edited: Apr 11, 2021 at 11:46 PM
  16. B Russ

    B Russ Well-Known Member

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    Ok. Its a bit of a stoney ramble, but a thought i have been considering for a short while, but in terms of weeks.

    since i started researching doge, my biggest takeaway is that mining is uncapped, which is a negative....

    but a cryptic positive that i consider, is that many with the thought process that i have believe that many jobs done by humans, will be lost to tech, in the near future. A decade or less...many billionaire movers and shakers, think the same. Many (including elon) think that human jobs will shift to service/tip, type jobs.
    Manufacturing, more robots....trucking, auto pilot, pilots, auto pilot. Uber, autopilot.....

    The list will go on.

    my limited research tells me doge is intended for tipping type industry. (Well was a joke, but is being fashioned to service industry) FB started as a shame site....for perspective in investing....i can deal with the idea that doge was a joke. Many billionaires think tipping is the way of human jobs forward. Many tipping based providers are jumping on the doge wagon, or at least thats the trend, im expecting/hoping to see...

    even if its worth tulips, its worth a dice roll to me, right now.
     
  17. StockJock-e

    StockJock-e Brew Master
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    XRP really kicking some ass lately.

    upload_2021-4-12_9-54-32.png
     
  18. CFi

    CFi Member

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    Not to boast, just super happy that my technical analysis skills are progressing and I predicted the price development almost to perfection.

    Next big mid-term price target: 90k.
     
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  19. Rustic1

    Rustic1 Well-Known Member

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    :thumbsup: on your analysis.

    The tulip bulbers are finally waking up and realizing its a force to be reckoned with.
    I pulled out of the markets, "along with many others" to focus on the coins.

    Let the longtermers hold the wall street bags, I only trade that stuff now.
     
  20. Rustic1

    Rustic1 Well-Known Member

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    Meanwhile in tulipbulb land. :D

    My 4 main crops are doing just fine.
    The newest member took a dose of miracle grow. Added it to the garden on Saturday. :cool2:


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