Mercer Posted September 5, 2020 Share Posted September 5, 2020 13 minutes ago, CLICKCLACKONER said: @Mercerme too bro. I'm being a pussy and not buying more tho. Yea, I should too but I won't, think that was a successful test pump to bear trap. I don't think I've paid more than $200 since 2017. Quote Link to comment Share on other sites More sharing options...
Mercer Posted September 19, 2020 Share Posted September 19, 2020 Quote Link to comment Share on other sites More sharing options...
Mercer Posted October 16, 2020 Share Posted October 16, 2020 1 Quote Link to comment Share on other sites More sharing options...
where Posted October 16, 2020 Share Posted October 16, 2020 Gonna be verrry interesting to see how defi pans out, eth alts wrapped around btc, long term can’t lose Quote Link to comment Share on other sites More sharing options...
KILZ FILLZ Posted October 17, 2020 Share Posted October 17, 2020 https://decrypt.co/45239/bitcoin-trajectory-should-approach-gold-like-status-report Quote Link to comment Share on other sites More sharing options...
NightmareOnElmStreet Posted October 17, 2020 Share Posted October 17, 2020 9 minutes ago, KILZ FILLZ said: https://decrypt.co/45239/bitcoin-trajectory-should-approach-gold-like-status-report Sooooo. Even though a brotha tryna save coin. I should be buyin up more crypto.....? Quote Link to comment Share on other sites More sharing options...
KILZ FILLZ Posted October 17, 2020 Share Posted October 17, 2020 1 hour ago, NightmareOnElmStreet said: Sooooo. Even though a brotha tryna save coin. I should be buyin up more crypto.....? Don’t sell any 1 Quote Link to comment Share on other sites More sharing options...
Inappropriate_Responder Posted October 18, 2020 Share Posted October 18, 2020 Chainlink Quote Link to comment Share on other sites More sharing options...
ndv Posted October 18, 2020 Share Posted October 18, 2020 I am not sure if it has been discussed here on the 12, but the thought of transitioning from tangible currency to crypto (when that time comes) in what ways will the transition effect classes of people? What i am trying to get at isnt the transition itself but more so the shift of powers, financially in regards to classes and demographics. Which also stems off another thought, how much will crypto (main/the most popular, btc, eth, and such) be worth? Will it rival the rate of inflation, or will it drop in value, then rise a little to level off at a median value of current inflation rates giving a shift in financial classes. I mean, of course the rich keep getting richer, but let's face it, most people were brushing off cryptos years ago whilst laughing at the thought of crypto replacing tangible currency. But now that these people (some of them) are beginning to see the reality taking place in the financial markets which drives the worth up. Or will crypto just widen the gap of rich and poor? Will there be only two classes of people globally? I am not sure, I am not in doubt that crypto will shift financial powers considering it has created a lot of new wealth on a wide scale of demographic. Anyhow, I am just curious on the cause and effect the transition will have when crypto replaces tangible greenbacks. Regardless of what happens, I do like the thought of knowing I can go online and buy a grenade for $350.00 (considering this is legit source) which i just can't do with tangible currency anonymously. Quote Link to comment Share on other sites More sharing options...
NightmareOnElmStreet Posted October 18, 2020 Share Posted October 18, 2020 22 hours ago, KILZ FILLZ said: Don’t sell any how is it all supposed to work if no one uses it...? Quote Link to comment Share on other sites More sharing options...
KILZ FILLZ Posted October 18, 2020 Share Posted October 18, 2020 25 minutes ago, NightmareOnElmStreet said: how is it all supposed to work if no one uses it...? If you buy with it that’s one thing what I meant was don’t cash out Quote Link to comment Share on other sites More sharing options...
NightmareOnElmStreet Posted October 18, 2020 Share Posted October 18, 2020 gotcha. 1 Quote Link to comment Share on other sites More sharing options...
KILZ FILLZ Posted October 18, 2020 Share Posted October 18, 2020 This shit bugs the hell outta me but it ain’t worth the fees to unfuck 👿 Quote Link to comment Share on other sites More sharing options...
Mercer Posted October 18, 2020 Share Posted October 18, 2020 Unit bias is one of the first psychological hurdles (successful) crypto investors have to overcome. Good looks on not wasting anything trying to make it an even. Knew quite a few people I knew that missed out waiting to buy 1 entire bitcoin. Matter of fact, happened to me. Like I'd just need $200 more during the Hillary vs Trump election to get 1 entire bitcoin even. Then by payday, Bitcoin would see more gains, so I'd put the $200 on the exchange, and not buy yet because I wanted a whole fucking bitcoin dammit. Next check comes, ready to cop, but now I need $600 more to buy one. (If I would have just bought when I was $200 short I might have doubled my money by now. Next payday, dump another $500 into the exchange, but guess what, bitcoin just went up again. Fuck. I watched it go from $1200 to $20,000 the entire time "waiting" to buy an even number for no fucking reason at all. Till this day I regret that because it would have meant an extra 10K in gains. The only reasonable excuse was that it would be easier to calculate how much I had in my head if I owned an exactly even number. 10k lost, just because I thought using a calculator every once in a while was too much work. 1 Quote Link to comment Share on other sites More sharing options...
CLICKCLACKONER Posted October 21, 2020 Author Share Posted October 21, 2020 Anybody using Celsius Network to gain interest on your HODL coins? Pros, cons? From what I've seen it seems pretty legit. Quote Link to comment Share on other sites More sharing options...
KILZ FILLZ Posted October 21, 2020 Share Posted October 21, 2020 PayPal and Venmo adopting crypto in 2021 LFG! 1 Quote Link to comment Share on other sites More sharing options...
NightmareOnElmStreet Posted October 22, 2020 Share Posted October 22, 2020 Dammi! LoL. The anxiety behind my trigger pulling finger is at a all time high! 2 Quote Link to comment Share on other sites More sharing options...
Mercer Posted October 25, 2020 Share Posted October 25, 2020 Quote Link to comment Share on other sites More sharing options...
Mercer Posted October 29, 2020 Share Posted October 29, 2020 Quote Link to comment Share on other sites More sharing options...
Mercer Posted October 31, 2020 Share Posted October 31, 2020 Quote Link to comment Share on other sites More sharing options...
Mercer Posted November 5, 2020 Share Posted November 5, 2020 (edited) Good news I guess, at least a sign this shit isn't going away any time soon.. Just like the previous 2 supply shocks created by the the bitcoin halvening, bitcoin is approaching it's all time high again during the U.S. Presidential election. (peep the charts for 2016) Both cycles (presidential & halvening) run every 4 years and line up like clockwork. Bitcoin is at almost 15k right now, will top it's ATH by December laying the foundation for another massive 2021 bull run, just like it did in 2017, and 2013. In other news, Ethereum 2.0 contract finally released, Dec 1st deposits will start earning fee's. This guarantees Ethereum is going to be ready to scale up, and have the capacity to handle every financial transaction in the world, almost instantly. I've got my 32 ETH to stake (and then some) ready to earn staking fee's on for the rest of my life. Next spring I'm considering updating my signature to: "That nigga poor B, I'm not poor, fuck that nigga." Edited November 5, 2020 by Mercer grammerz Quote Link to comment Share on other sites More sharing options...
NightmareOnElmStreet Posted November 5, 2020 Share Posted November 5, 2020 So @mercer in your opinion would it be more beneficial to focus on buying more eth or btc even how fast it’s going up? Quote Link to comment Share on other sites More sharing options...
KILZ FILLZ Posted November 5, 2020 Share Posted November 5, 2020 2015 https://thehill.com/policy/cybersecurity/259981-feds-sell-off-final-silk-road-bitcoins but also today https://thehill.com/policy/technology/524647-justice-department-seizes-1-billion-in-bitcoin-tied-to-illicit-drugs-and 🤔 so, if the are planning to sell off these BTC like they did with the last round, how would the sell off of $1bn in coins impact the current price? Quote Link to comment Share on other sites More sharing options...
Mercer Posted November 6, 2020 Share Posted November 6, 2020 6 hours ago, NightmareOnElmStreet said: So @mercer in your opinion would it be more beneficial to focus on buying more eth or btc even how fast it’s going up? I'm holding until at least next summer, and think it's going up until December 2021. I hate giving financial advice for obvious reasons, don't really want to be responsible for anyone else's money but my own, but I'm pretty confident in Bitcoin/ETH (and Monero) myself at least. I'll probably give a heads up in here when I think it's time for me to dump, but I see the exact same pattern now that I saw last halvening. Quote Link to comment Share on other sites More sharing options...
NightmareOnElmStreet Posted November 6, 2020 Share Posted November 6, 2020 15 minutes ago, Mercer said: I'm holding until at least next summer, and think it's going up until December 2021. I hate giving financial advice for obvious reasons, don't really want to be responsible for anyone else's money but my own, but I'm pretty confident in Bitcoin/ETH (and Monero) myself at least. I'll probably give a heads up in here when I think it's time for me to dump, but I see the exact same pattern now that I saw last halvening. Dammit man. Quote Link to comment Share on other sites More sharing options...
Mercer Posted November 9, 2020 Share Posted November 9, 2020 me_after_i_buy_NIO_calls_at_its_time_high_and_the_stock_continues_to_go_up-zejc79mx74y51.mp4 News, elections, wars? Only thing I care is how it effects the price of crypto, and can I reserve the lambo yet. 1 Quote Link to comment Share on other sites More sharing options...
Mercer Posted November 9, 2020 Share Posted November 9, 2020 On 11/5/2020 at 12:13 PM, KILZ FILLZ said: 2015 https://thehill.com/policy/cybersecurity/259981-feds-sell-off-final-silk-road-bitcoins but also today https://thehill.com/policy/technology/524647-justice-department-seizes-1-billion-in-bitcoin-tied-to-illicit-drugs-and 🤔 so, if the are planning to sell off these BTC like they did with the last round, how would the sell off of $1bn in coins impact the current price? Been reading up on this, the story is intentionally vague because the bitcoin was most likely stolen by the agents that put Ross Ulbricht away, and it looks bad for the government every time they admit they're going after themselves basically. The private keys were used to move $1B worth of bitcoin recently from a known Silk Road address. Any time a large amount from a non exchange, older address moves we all know. So it appears the feds actually have control over it as that's what this appears to be related to. What happens when you've got this much Bitcoin to sell, and you're the government, it goes to auction as one massive sale which doesn't effect the price directly. In fact, nobody ever dumps this much on an exchange because there aren't enough buy orders placed to purchase this much. Hypothetically, if someone decided to dump on Coinbase Pro for example, there's only like 100 million dollars worth of USD deposits on that exchange at any given time. The buy orders go from the current price, down to some lowball offers to purchase bitcoin for 10% of it's current price. There are far more lowball offers to buy on an exchange, than realistic offers to buy close to the most recent exchanges, so most of the bitcoin dumped would go to buy orders far less than the current price. Once all 100 million dollars worth of open orders get filled, I could theoretically go on there (with god like timing) and offer a dollar for whatever's left in that open sell order and walk away rich off the price bounce. This instant drop in price would cause what we call a "flash crash" which doesn't happen that much more these days for bitcoin,. I survived the last major flash crash, it was spring 2017 I think for Ethereum on GDAX (Now Coinbase Pro). It had a bit of a lasting effect on ETH's price after the instant bounce back up, but just like the major drop the pandemic made, the momentum of the market's every day back and forth canceled it out in less than a month. What will most likely happen is the government will hold an auction, and large bitcoin exchanges, and major investors will all get a chance to bid on it as a single sale for all of it. It will def go for less than the current market price, and then it can be either put back into circulation or held. If I had to guess, Greyscale trust will most likely be the buyer. They've been meticulously buying almost half the new bitcoin/ETH being mined this year and already hold close to $6B in crypto leveraged against way more cash they desperately want to invest (without driving up the price drastically much like a flash crash). This company holds crypto, and then sells shares of "stock" on these assets at a huge premium. Like if you wanted an entire bitcoin worth of stock from them it would cost 5 to 10 times the price of actually buying a bitcoin. Why? You can put greyscale stock in your 401k, Roth, Mutual fund etc. as a long term hold, and everyone wants a little bit of crypto in their retirement portfolio these days. tFew people actually know how to buy/hold bitcoin themselves, and neither do their brokers, but greyscale is a different story. The reason I think Greyscale would buy it is they're extremely careful about the bitcoin they buy, they prefer newly mined bitcoin that hasn't been used in any illegal transactions or associated with any addresses that have. A big purchase of clean coin straight from the government itself would be a wet dream for them. 1 Quote Link to comment Share on other sites More sharing options...
NightmareOnElmStreet Posted November 10, 2020 Share Posted November 10, 2020 @Mercer i didn't know dudes like yourself aren't in for the forever hodl. So people should consider dumping at certain times then? Quote Link to comment Share on other sites More sharing options...
Mercer Posted November 10, 2020 Share Posted November 10, 2020 18 minutes ago, NightmareOnElmStreet said: @Mercer i didn't know dudes like yourself aren't in for the forever hodl. So people should consider dumping at certain times then? What's the point of making money if you never spend it? I do plan on selling at least one bitcoin next year at some point. 1 Quote Link to comment Share on other sites More sharing options...
Mercer Posted November 11, 2020 Share Posted November 11, 2020 On 11/8/2020 at 7:59 PM, Mercer said: me_after_i_buy_NIO_calls_at_its_time_high_and_the_stock_continues_to_go_up-zejc79mx74y51.mp4 2.33 MB · 0 downloads Quote Link to comment Share on other sites More sharing options...
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