Crypto thread

GME up to $342 after hours 

Using tunnel bear to short GME on FTX seems like a good play at these ridiculous prices 

CNBC reporting that Melvin Capital sold their position 

video clip here 

https://twitter.com/hetorresjr/status/1354388011346255872?s=21

I call bs

$AMC SHARES MORE THAN TRIPLE PREMARKET ON OVER 100M SHRS TRADED

NASDAQ'S ADENA FRIEDMAN SAYS WE MONITOR SOCIAL MEDIA CHATTER AND WILL HALT STOCK IF WE MATCH CHATTER WITH UNUSUAL ACTIVITY IN STOCKS - CNBC

Wild 

@I_Need_A_Detox

 Where do you see atom by the end of the year?

I think Atom is the 3rd best project in crypto behind ETH and DOT. 

ETH currently has a market cap of $140 billion

DOT currently has a mc of $14.5 billion 

ATOM has a mc of $1.6 billion 

They have a massive ecosystem of projects being built of their platform. Not as big as ETH but comparable to DOT. 

I think ATOM will have a market cap of $20 billion+ before the end of the year. I’m not exactly sure what their tokenomics are but that would put each ATOM at roughly $85. 

I just scrolled twitter quickly to find this graphic that shows their ecosystem. 

https://twitter.com/deeeedle/status/1352273083126722568?s=21

That is ridiculous....

What exchange do you recommend for altcoins? I only use cashapp for bitcoin. Was trying to stay away from altcoins but wouldn't hurt to dabble a little bit.

Thanks for the quick response. I’ll buy some today. Bitcoin under 30k. 

3 things in life are certain 

1. Taxes

2. Death 

3. I will spend my USDT and then whatever I buy will dump another 20% 

ETH holding up pretty good so far. Leads me to believe ETH and alts will fly after the correction. 

Binance if you’re not in the us 

KuCoin or Coinbase if you’re in the US 

When I was a rookie I would use my USDT to buy whatever was the most rekt after a dump. 

Now in my old age I’ll buy things that show strength. 

Buying a ton of eth. Let’s see if it works out. 

Currently $1240 

Thanks I'll check out KuCoin. I refuse to use Coinbase.

This crypto Birb guy saying $26k still on the table 

WTF 

https://twitter.com/crypto_birb/status/1354459149539581968?s=21

The Birb + shit volume = sell the ETH I just bought at $1292 

This BADGER DeFi thingamajig I’ve been watching hasn’t dipped at all. 

I won’t buy it but that thing will probably do well. 

Back in at $1272 

Dont feel comfortable being out. Too many people in shorts or on the sidelines waiting for lower. They usually get left behind. 

Back to my comfort zone — hodling and watching my net worth plummet. 

@I_Need_A_Detox

 I see a feature to vote on the Stake page. Voting doesn’t apply to DOT or ATOM on KuCoin right? Once I lock it, that’s all I have to do for the next 28 days right? 

Yeah you don’t have to do anything 

The lockup might be 28 days from when you request them to be released 

On CNBC, @Chamath says he closed out his $GME position this morning and is donating the earnings to @BarstoolSports’ fund for small business relief.

I like this guy 

Pulte buys $1M worth of PENN 

I could see the people rallying behind PENN and pumping it as a thank you to Portnoy for helping small businesses 

Full interview of Chamath on CNBC earlier 

https://www.youtube.com/watch?v=036bv0zsIxY&feature=youtu.be