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Posted: 2/22/2021 3:33:30 PM EDT
[#1]
Quote HistoryOriginally Posted By tnertb: Are we still talking about crypto?   
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Posted: 2/22/2021 3:33:52 PM EDT
[#2]
Quote HistoryOriginally Posted By dskeet: Lol yep. Bitcoin is a wild and stressful ride until you are well into the green. That’s the big reason to only invest what you can afford to set in fire Quote HistoryOriginally Posted By dskeet: Originally Posted By Default-Gateway: Lol at the people who bought in at 57k and are selling at 53k. Lol yep. Bitcoin is a wild and stressful ride until you are well into the green. That’s the big reason to only invest what you can afford to set in fire Bitcoin is now only worth what it was 4 days ago.  |
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Posted: 2/22/2021 4:14:07 PM EDT
[#3]
I panicked and sold everything as I was skeered. Lol
Ok I actually bought more, missed the dip but still bought low. |
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AR, USA
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Posted: 2/22/2021 4:14:55 PM EDT
[#4]
Quote HistoryOriginally Posted By Jagrmaister: She didn't even know how to buy it herself so she probably has diamond hands. Diamond hands sounds like a Liberace or Michael Jackson fashion accessory, not a steely eyed crypto investment mindset. 
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Posted: 2/22/2021 4:20:52 PM EDT
[Last Edit: Jagrmaister]
[#5]
Quote HistoryOriginally Posted By redseacraft: Reason for today’s draft is a rumor that someone moved $1.5 billion worth of bitcoin out of cold storage on to exchange to sell. Furthermore one of the addresses has been linked to a shady criminal account. It doesn’t matter if you are going to HODL. The whale nonsense is mentioned any time there's a sell off. Yellen mentioning it is inefficient (our current transactions in fiat appear fast but take days to actually confirm) and used in illicit transactions (like cash isn't...] Prob moved a few panic sellers when a natural dip in price action occurred. Yellen sounds warning Combined with Elon and Twitter comments a day or two back as crypto being overvalued (he said the same about Tesla stock at sub-$1k). There's your market in a nutshell and likely it is mostly just natural price action with FOMO & FUD mixed in. All you can do is stack Sats if you think this is as evolutionary and disruptive as the printing press. Stocks are also all over the place today. Clearly, BTC has yet to decouple from other markets. |
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Posted: 2/22/2021 4:43:21 PM EDT
[#6]
The current government trying to dissuade investment in crypto makes me want to invest more.
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Posted: 2/22/2021 4:59:43 PM EDT
[#7]
Quote HistoryOriginally Posted By Trunalimunumaprzure: Her reaction is the only thing that matters. Does she have weak hands or iron hodl'er hands ? Quote HistoryOriginally Posted By Trunalimunumaprzure: Originally Posted By Bale2011: Question. I recently helped a friend by her first Eth for $1,700 and it’s all she had. What happens when her portfolio balance goes into the negative, assuming it rises back above that in a week? What happens in the meantime? Her reaction is the only thing that matters. Does she have weak hands or iron hodl'er hands ? No she won’t sell. She just asked me and it’s something I’ve never had happen. |
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AR, USA
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Posted: 2/22/2021 5:18:37 PM EDT
[#8]
Quote HistoryOriginally Posted By Bale2011: No she won’t sell. She just asked me and it’s something I’ve never had happen. Then she has nothing to worry about. Some shitcoin that could totally tank and everyone abandoning the network could result in losing everything. I don't think Ethereum is going away, quite the opposite in fact. |
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Posted: 2/22/2021 5:39:35 PM EDT
[#9]
Bought some BTC and ETH on Saturday at the top. HODLed and bought some more on the ride down today. End result, still making money. Albeit, it's only enough for a McDs happy meal.
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Posted: 2/22/2021 5:40:32 PM EDT
[#10]
$1,013,162,203,947
Even with the dip, that's still a yuuuuge number. |
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Posted: 2/22/2021 5:48:16 PM EDT
[#11]
Quote HistoryOriginally Posted By Default-Gateway: $1,013,162,203,947 Even with the dip, that's still a yuuuuge number. |
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Posted: 2/22/2021 5:52:51 PM EDT
[#12]
Quote HistoryOriginally Posted By redseacraft: Reason for today’s draft is a rumor that someone moved $1.5 billion worth of bitcoin out of cold storage on to exchange to sell. Furthermore one of the addresses has been linked to a shady criminal account. It doesn’t matter if you are going to HODL. Lol. Frickin rumor mill. |
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Posted: 2/22/2021 5:57:45 PM EDT
[#13]
Quote HistoryOriginally Posted By Bale2011: Lol. Frickin rumor mill. Quote HistoryOriginally Posted By Bale2011: Originally Posted By redseacraft: Reason for today’s draft is a rumor that someone moved $1.5 billion worth of bitcoin out of cold storage on to exchange to sell. Furthermore one of the addresses has been linked to a shady criminal account. It doesn’t matter if you are going to HODL. Lol. Frickin rumor mill. buy the rumor, sell the news?
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USA
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Posted: 2/22/2021 5:58:55 PM EDT
[#14]
So last week I forgot I put 15k down on a limit buy of 49 and change...it ended up hitting it and now I have a nice little payday.
On the other hand bitcoin sucks now because 15k down only gets you around 1900 profit if it goes up 5k |
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Posted: 2/22/2021 6:00:11 PM EDT
[#15]
Quote HistoryOriginally Posted By felrom: Michael Saylor says it should have two more zeros on the end. I can't say I'm that much of a dreamer, but I could easily see another 5x from here before it gets really stable and just goes up 6%-9% per year. Quote HistoryOriginally Posted By felrom: Originally Posted By Default-Gateway: $1,013,162,203,947 Even with the dip, that's still a yuuuuge number. The guy hasn't become a billionaire by being wrong too many times. He 5x'd his companies bottom line in the past year. I enjoy his interviews as he is a "not fucking around" type of guy. Whenever CNBC etc. tries to poopoo on BTC he's like this is how it is and this is why you are wrong. |
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Posted: 2/22/2021 6:04:08 PM EDT
[Last Edit: Willz]
[#16]
Quote HistoryOriginally Posted By Bale2011: No she won’t sell. She just asked me and it’s something I’ve never had happen. Quote HistoryOriginally Posted By Bale2011: Originally Posted By Trunalimunumaprzure: Originally Posted By Bale2011: Question. I recently helped a friend by her first Eth for $1,700 and it’s all she had. What happens when her portfolio balance goes into the negative, assuming it rises back above that in a week? What happens in the meantime? Her reaction is the only thing that matters. Does she have weak hands or iron hodl'er hands ? No she won’t sell. She just asked me and it’s something I’ve never had happen. Her ETH is worth whatever the current price is. You mean negative as in less that what she paid? For it to go negative it would have to be less than zero. If it goes below what she bought in she just OUT of the money. If it goes above the price she bought in she's IN the money. Tell her to be patient, it will go back up. ETH is not going away. With BTC above 1T$ in market cap the actual price per unit is projected to be above 100K eventually because the USA just keeps printing money and there will only be a limited number of BTH mined. 30% of all US dollars in circulation in the entire history of the United States have been printed in the last 18 months. So BTC and ETH and pretty much all crypto currencies will go up. |
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Posted: 2/22/2021 6:04:21 PM EDT
[#17]
Interesting outlook from Wall Street's darling, Cathie Wood-- this is from Ark Invest's newsletter #259 that came out today.
Ark Invest #259 
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USA
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Posted: 2/22/2021 6:46:02 PM EDT
[#18]
Quote HistoryOriginally Posted By RTBA-8: The current government trying to dissuade investment in crypto makes me want to invest more. What if they outright ban it into uselessness in the US? I would not put that past them at all |
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Posted: 2/22/2021 6:58:43 PM EDT
[#19]
Quote HistoryOriginally Posted By HecklerKac: What if they outright ban it into uselessness in the US? I would not put that past them at all Never thought about that angle  Some heavy hitters involved in it like Elon, Etc. Interesting |
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USA
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Posted: 2/22/2021 7:00:06 PM EDT
[#20]
Quote HistoryOriginally Posted By FatNsassy: Never thought about that angle Some heavy hitters involved in it like Elon, Etc. Interesting Quote HistoryOriginally Posted By FatNsassy: Originally Posted By HecklerKac: What if they outright ban it into uselessness in the US? I would not put that past them at all Never thought about that angle Some heavy hitters involved in it like Elon, Etc. Interesting As members of the gun community we know more than anyone how fast the gov can make shit go away if they want, laws/rules be damned. |
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Posted: 2/22/2021 7:05:39 PM EDT
[#21]
Quote HistoryOriginally Posted By skydive70: Interesting outlook from Wall Street's darling, Cathie Wood-- this is from Ark Invest's newsletter #259 that came out today. Ark Invest #259 https://www.ar15.com/media/mediaFiles/289253/btc-259_-_Copy_PNG-1836965.png Notice the "conservative' estimates of asset reallocation flowing to BTC. |
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Posted: 2/22/2021 7:07:12 PM EDT
[Last Edit: Willz]
[#22]
Quote HistoryOriginally Posted By HecklerKac: What if they outright ban it into uselessness in the US? I would not put that past them at all Quote HistoryOriginally Posted By HecklerKac: Originally Posted By RTBA-8: The current government trying to dissuade investment in crypto makes me want to invest more. What if they outright ban it into uselessness in the US? I would not put that past them at all I can see the current administration doing something like that. Big corrupt gov wants CENTRALIZED money and finance, to control it. Then they'll create a black market environment and the dollar will become even more worthless. When you hear the world leaders talk about digital currency its not crypto currency, its centralized virtual currency. Cypto currency and Decentralized Finance are here and not leaving. |
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Posted: 2/22/2021 7:08:07 PM EDT
[#23]
Quote HistoryOriginally Posted By HecklerKac: What if they outright ban it into uselessness in the US? I would not put that past them at all Quote HistoryOriginally Posted By HecklerKac: Originally Posted By RTBA-8: The current government trying to dissuade investment in crypto makes me want to invest more. What if they outright ban it into uselessness in the US? I would not put that past them at all They can fuck with it (and will) with such proposals, but then the argument only grows stronger as to why bitcoin would be worth holding in the first place. |
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Posted: 2/22/2021 7:16:16 PM EDT
[#24]
Missed the dip this morning. Still went in 5k at 54
fuq it lol
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Posted: 2/22/2021 7:20:57 PM EDT
[#25]
Quote HistoryOriginally Posted By Jagrmaister: Notice the "conservative' estimates of asset reallocation flowing to BTC. Quote HistoryOriginally Posted By Jagrmaister: Originally Posted By skydive70: Interesting outlook from Wall Street's darling, Cathie Wood-- this is from Ark Invest's newsletter #259 that came out today. Ark Invest #259 https://www.ar15.com/media/mediaFiles/289253/btc-259_-_Copy_PNG-1836965.png Notice the "conservative' estimates of asset reallocation flowing to BTC. This statement stood out to me the most: "Bitcoin as Protection Against the Seizure of Assets: A bitcoin allocation approximating a 5% probability that a corrupt or misguided regime will confiscate assets – whether by fiat money inflation or outright seizure – during an individual’s lifetime would add $2.5 trillion to its network value." Many in GD might dismiss that or similar statements as too much tinfoil or such, but people really need to think about asset protection in the current political environment, even here in the US. Sounds crazy, but it's not just for Venezuelans. |
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Posted: 2/22/2021 7:52:50 PM EDT
[#26]
Quote HistoryOriginally Posted By jchewie1: Lol, I am late to this party, it was a serious question, trying to get educated. Seems like it is currently the only or one of a very few that does what it does. Is there a need for it? Idk  Efficiency seems like it is going to drive to proof of work models to proof of stake eventually. Quote HistoryOriginally Posted By jchewie1: Originally Posted By captainpooby: Originally Posted By jchewie1: Anyone interested in Nu? I think I see what you did there. Not biting. lol Lol, I am late to this party, it was a serious question, trying to get educated. Seems like it is currently the only or one of a very few that does what it does. Is there a need for it? Idk Efficiency seems like it is going to drive to proof of work models to proof of stake eventually. I’m not up on all the shit coins. I almost typed “What’s Nu?” and then thought it’s was that old joke. “Oh I don’t know, what’s new with you?” |
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CA, USA
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Posted: 2/22/2021 8:31:04 PM EDT
[#27]
Quote HistoryOriginally Posted By HecklerKac: What if they outright ban it into uselessness in the US? I would not put that past them at all They can try, and it may do irreparable damage to Bitcoin itself, but that would just prove the point of defi. Something would pop up in its place, this genie isn’t going back in the bottle without worldwide sweeping crackdowns the like we have never seen before. Any nation where Bitcoin is “banned” people still purchase it only they are doing so at a premium. |
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Posted: 2/22/2021 8:32:33 PM EDT
[#28]
A year ago I would’ve never believed I’d have said this but if I saw the $46k earlier I’d have thrown the kitchen sink at it.
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Posted: 2/22/2021 8:49:28 PM EDT
[#29]
Blackrock manages nearly 9 Trillion. The worlds largest.
They are moving their bond funds into 1-2% allocation of BTC. |
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Posted: 2/22/2021 9:54:56 PM EDT
[#30]
Anybody else having issues logging into Coinbase Pro?
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Posted: 2/22/2021 9:57:27 PM EDT
[#31]
Quote HistoryOriginally Posted By swampvol: Anybody else having issues logging into Coinbase Pro? Yes. Came here to ask same thing. |
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Posted: 2/22/2021 10:08:41 PM EDT
[#32]
Quote HistoryOriginally Posted By laxman09: Yes. Came here to ask same thing. Quote HistoryOriginally Posted By laxman09: Originally Posted By swampvol: Anybody else having issues logging into Coinbase Pro? Yes. Came here to ask same thing. |
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Posted: 2/22/2021 10:22:21 PM EDT
[#33]
Quote HistoryOriginally Posted By laxman09: Yes. Came here to ask same thing. Quote HistoryOriginally Posted By laxman09: Originally Posted By swampvol: Anybody else having issues logging into Coinbase Pro? Yes. Came here to ask same thing. I can't get in |
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Posted: 2/22/2021 10:25:56 PM EDT
[#34]
Quote HistoryOriginally Posted By HecklerKac: What if they outright ban it into uselessness in the US? I would not put that past them at all Quote HistoryOriginally Posted By HecklerKac: Originally Posted By RTBA-8: The current government trying to dissuade investment in crypto makes me want to invest more. What if they outright ban it into uselessness in the US? I would not put that past them at all You mean like they banned Cocaine, Heroin and other drugs? How'd that work out for them? You can't "ban" digital currency. The whole point of it is that it is decentralized. It would just go back to peer to peer buying and selling. I'd love to see how much a pre-ban bitcoin goes for. A million, 2 million. |
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Posted: 2/22/2021 10:28:27 PM EDT
[#35]
Quote HistoryOriginally Posted By blownfour: They can try, and it may do irreparable damage to Bitcoin itself, but that would just prove the point of defi. Something would pop up in its place, this genie isn’t going back in the bottle without worldwide sweeping crackdowns the like we have never seen before. Any nation where Bitcoin is “banned” people still purchase it only they are doing so at a premium. The US market for bitcoin is relative small in comparison to China, Japan, Korea and Russia. It would be merely a blip on the radar. |
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Posted: 2/22/2021 10:29:33 PM EDT
[#36]
Quote HistoryOriginally Posted By crashburnrepeat: I can't get in Not new with CB. When there are big price fluxuations they tend to shut down or there servers get overloaded. |
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AR, USA
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Posted: 2/22/2021 10:29:56 PM EDT
[#37]
Quote HistoryOriginally Posted By Default-Gateway: You mean like they banned Cocaine, Heroin and other drugs? How'd that work out for them? You can't "ban" digital currency. The whole point of it is that it is decentralized. It would just go back to peer to peer buying and selling. I'd love to see how much a pre-ban bitcoin goes for. A million, 2 million. If they force all ISPs to block the traffic it could put a serious dent in the number of users. The average FOMO "investor" isn't going to jump through the hoops required to access "illicit" digital currency. |
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Posted: 2/22/2021 10:32:50 PM EDT
[#38]
Quote HistoryOriginally Posted By Trunalimunumaprzure: If they force all ISPs to block the traffic it could put a serious dent in the number of users. The average FOMO "investor" isn't going to jump through the hoops required to access "illicit" digital currency. Quote HistoryOriginally Posted By Trunalimunumaprzure: Originally Posted By Default-Gateway: You mean like they banned Cocaine, Heroin and other drugs? How'd that work out for them? You can't "ban" digital currency. The whole point of it is that it is decentralized. It would just go back to peer to peer buying and selling. I'd love to see how much a pre-ban bitcoin goes for. A million, 2 million. If they force all ISPs to block the traffic it could put a serious dent in the number of users. The average FOMO "investor" isn't going to jump through the hoops required to access "illicit" digital currency. ISP's can't block shit. They tried it with gambling and torrents etc. There are always VPN's, TOR, Darkweb and countless other ways to circumvent it. |
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Posted: 2/22/2021 10:34:23 PM EDT
[#39]
Quote HistoryOriginally Posted By Default-Gateway: Not new with CB. When there are big price fluxuations they tend to shut down or there servers get overloaded. CBasePro isnt working but CB is fine for me. |
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Posted: 2/22/2021 10:36:55 PM EDT
[#40]
Quote HistoryOriginally Posted By Trunalimunumaprzure: If they force all ISPs to block the traffic it could put a serious dent in the number of users. The average FOMO "investor" isn't going to jump through the hoops required to access "illicit" digital currency. Quote HistoryOriginally Posted By Trunalimunumaprzure: Originally Posted By Default-Gateway: You mean like they banned Cocaine, Heroin and other drugs? How'd that work out for them? You can't "ban" digital currency. The whole point of it is that it is decentralized. It would just go back to peer to peer buying and selling. I'd love to see how much a pre-ban bitcoin goes for. A million, 2 million. If they force all ISPs to block the traffic it could put a serious dent in the number of users. The average FOMO "investor" isn't going to jump through the hoops required to access "illicit" digital currency. Block traffic to and from what? The exchanges? Good luck stopping me from sending bitcoin held outside an exchange to another wallet elsewhere on the globe. |
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Posted: 2/22/2021 10:40:13 PM EDT
[Last Edit: Default-Gateway]
[#41]
Quote HistoryOriginally Posted By Jagrmaister: Block traffic to and from what? The exchanges? Good luck stopping me from sending bitcoin held outside an exchange to another wallet elsewhere on the globe. Quote HistoryOriginally Posted By Jagrmaister: Originally Posted By Trunalimunumaprzure: Originally Posted By Default-Gateway: You mean like they banned Cocaine, Heroin and other drugs? How'd that work out for them? You can't "ban" digital currency. The whole point of it is that it is decentralized. It would just go back to peer to peer buying and selling. I'd love to see how much a pre-ban bitcoin goes for. A million, 2 million. If they force all ISPs to block the traffic it could put a serious dent in the number of users. The average FOMO "investor" isn't going to jump through the hoops required to access "illicit" digital currency. Block traffic to and from what? The exchanges? Good luck stopping me from sending bitcoin held outside an exchange to another wallet elsewhere on the globe. Along the lines of banning coat hangers and rubber bands. After all this is a gun forum. Can't stop the signal, life will find a way, yada yada yada. The traffic looks the same as any other packets out there. I even think one of the senators said a year or two ago that it was impossible to ban it. Then again most of them have the intelligence of the shoulder thing that goes up so....... |
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Posted: 2/22/2021 10:44:19 PM EDT
[#42]
Quote HistoryOriginally Posted By laxman09: CBasePro isnt working but CB is fine for me. Quote HistoryOriginally Posted By laxman09: Originally Posted By Default-Gateway: Not new with CB. When there are big price fluxuations they tend to shut down or there servers get overloaded. CBasePro isnt working but CB is fine for me. Just depends on which one is taking more traffic at the moment. always have a backup exchange or two. |
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USA
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Posted: 2/22/2021 10:45:50 PM EDT
[#43]
Quote HistoryOriginally Posted By Default-Gateway: You mean like they banned Cocaine, Heroin and other drugs? How'd that work out for them? You can't "ban" digital currency. The whole point of it is that it is decentralized. It would just go back to peer to peer buying and selling. I'd love to see how much a pre-ban bitcoin goes for. A million, 2 million. Quote HistoryOriginally Posted By Default-Gateway: Originally Posted By HecklerKac: Originally Posted By RTBA-8: The current government trying to dissuade investment in crypto makes me want to invest more. What if they outright ban it into uselessness in the US? I would not put that past them at all You mean like they banned Cocaine, Heroin and other drugs? How'd that work out for them? You can't "ban" digital currency. The whole point of it is that it is decentralized. It would just go back to peer to peer buying and selling. I'd love to see how much a pre-ban bitcoin goes for. A million, 2 million. Our currency isint drugs though, its money, If they make btc useless in the US you can save as much of it as you want but it wont do jack shit if you cant buy anything with it.... |
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Posted: 2/22/2021 10:47:28 PM EDT
[#44]
Anyone have a good alarm notification app for their phone that alerts you when xxxx crypto reaches a certain price?
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AR, USA
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Posted: 2/22/2021 10:53:20 PM EDT
[#45]
Quote HistoryOriginally Posted By Jagrmaister: Block traffic to and from what? The exchanges? Good luck stopping me from sending bitcoin held outside an exchange to another wallet elsewhere on the globe. Deep Packet Inspection. Block anything that looks like crypto transactions. Good luck connecting to a wallet node. |
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Posted: 2/22/2021 10:53:34 PM EDT
[#46]
Quote HistoryOriginally Posted By thesilvercord: Anyone have a good alarm notification app for their phone that alerts you when xxxx crypto reaches a certain price? Is that pornhub’s new coin? |
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AR, USA
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Posted: 2/22/2021 10:54:12 PM EDT
[#47]
Quote HistoryOriginally Posted By Default-Gateway: ISP's can't block shit. They tried it with gambling and torrents etc. There are always VPN's, TOR, Darkweb and countless other ways to circumvent it. And I don't know a single "average" person who uses any of those things. |
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Posted: 2/22/2021 11:00:06 PM EDT
[#48]
Quote HistoryOriginally Posted By HecklerKac: Our currency isint drugs though, its money, If they make btc useless in the US you can save as much of it as you want but it wont do jack shit if you cant buy anything with it.... Quote HistoryOriginally Posted By HecklerKac: Originally Posted By Default-Gateway: Originally Posted By HecklerKac: Originally Posted By RTBA-8: The current government trying to dissuade investment in crypto makes me want to invest more. What if they outright ban it into uselessness in the US? I would not put that past them at all You mean like they banned Cocaine, Heroin and other drugs? How'd that work out for them? You can't "ban" digital currency. The whole point of it is that it is decentralized. It would just go back to peer to peer buying and selling. I'd love to see how much a pre-ban bitcoin goes for. A million, 2 million. Our currency isint drugs though, its money, If they make btc useless in the US you can save as much of it as you want but it wont do jack shit if you cant buy anything with it.... It's a hedge if things get so bad that I will still have an option to get the fuck out of here and preserve some wealth in the process. I can't do that if the government confiscates all my other assets and leave me at ZERO or a prisoner on the slave ship Commie States of America. If the U.S. bans it, I can always up and leave to somewhere that embraces it. Can't really do that with any other asset. But hey, that's why I hold it. |
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Posted: 2/22/2021 11:05:54 PM EDT
[#49]
Quote HistoryOriginally Posted By crashburnrepeat: I can't get in Quote HistoryOriginally Posted By crashburnrepeat: Originally Posted By laxman09: Originally Posted By swampvol: Anybody else having issues logging into Coinbase Pro? Yes. Came here to ask same thing. I can't get in I’m in on my phone with no trouble. |
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Posted: 2/22/2021 11:10:28 PM EDT
[#50]
Quote HistoryOriginally Posted By Jagrmaister: It's a hedge if things get so bad that I will still have an option to get the fuck out of here and preserve some wealth in the process. I can't do that if the government confiscates all my other assets and leave me at ZERO or a prisoner on the slave ship Commie States of America. If the U.S. bans it, I can always up and leave to somewhere that embraces it. Can't really do that with any other asset. But hey, that's why I hold it. Well, I guess, they could get the waterboard out.... Like to think I'd be long gone before that. And, knowing I could leave everything and walk away with the shirt on my back and arrive somewhere else with a comfortable sum is... nice. |
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