Crypto thread

This is what keeps people away, which is good. 

It’s like when I was investing in real estate in 2010 and I’d look at a foreclosure that smelled like dog piss... I’d say PERFECT. Because you know that will keep most buyers away. 

These crypto dumps are the smell of dog piss.

I just hodl and buy on dips so this is a little easier for me. IMO these dips are just the beginning. We are going to see ones a lot larger than this to shake out the weak hands. Crypto never sleeps....

Just bought more at 46.4k

I just hold. 

I mix shit around but I’m always in. 

I don’t think we go below $40k but I also don’t think we’ll shoot back up to ATH’s anytime soon.

It costs 0.24 ETH ($351.30) to make a transaction on Uniswap right now 

That is insane. Is that something that can potentially be fixed in the short term?

Saylor should just buy all of his new bitcoin in one shot to screw all these futures. They screw the market.

This is a big problem for stuff built on ETH. This is why BNB is making a run and their Pancake Swap will probably do pretty good in the near future. 

ETH is switching to proof of stake instead of proof of work but that’s in the future. 

ETH is losing a lot of market share. ADA, ATOM, Solana, Avalanche, and others are all competing now to take that market from ETH. 

That SBF guy — the CEO of FTX and creator of Solana and Serum — said that he has made over $10 billion in the last 3 years. 

Damn everything moves so fast in this space. I have a regular job I’m trying to manage on top of this  I want to set my family up for the future and this is my ticket. Although I am diversifying into other avenues as well.

BNB is just copying other projects and giving it to the user for a cheaper price. Typical China move. 

But they’ll be successful because the fees on ETH are absurd. 

Curious to see Polkadot ... and I have no idea what Cardano has going on. I couldn’t even name 1 project being built on Cardano but they’re doing extremely well price wise. 

Interesting times for sure. 

I believe this bull run will last 10 more months. 

Most alts are still at their bottoms vs BTC. 

Still time to 10x your portfolio. There are still 100x’s out there. 

But at some point you must sell because everything will retrace 90+%. 

The dump cycle is what fuels the massive run ups. 

Tether & @Bitfinex have reached a settlement with @NewYorkStateAG. After 2.5 years and 2.5M pages of info shared, we admit to no wrongdoing and will pay US$18.5M to resolve this matter.

No finding that Tether ever issued without backing or to impact crypto prices. This settlement shows our commitment to the future of the industry, and to transparency with quarterly disclosures of @tether_to reserves going forward.

We are pleased to put this behind us. Full statement available below.

https://tether.to/tether-and-bitfinex-reach-settlement-with-new-york-attorney-generals-office/

Sorry noob question. If I move btc from a wallet to exchange to cash out. How do they know if I've held those coins longer than 1 year for tax purposes?

Not sure. But they will know when you deposited and withdrew. 

The way BTC price is reacting to the most bullish Tether news in years tells me that the probably best we can hope for is sideways for a while

Probably sideways chop between $40k and $50k for  long enough that everyone thinks it’s over and then boom. 

Thats my guess at the moment. Could obviously be wrong. 

Yeah in reality everything is a guess. We can make educated ones, but no one knows for sure. There are so many factors that can impact things. Lowest of the low I think we can see 37k but lets hope this is the low. 

I think today is a big day. We need to end above 48-49k. If not, I think it's highly likely we go lower this week.  

ATOM showing some serious strength here 

Market is being manipulated again. This may turn into a wallstreetbets scenario 

BTC hanging tough around $45k. I may buy more if it can hold. If not, we may have to go on a little ride. Lets not forget BTC was around $19.5 the beginning of December. This isn't $hit. 

So what happens if BTC regresses to moving averages and goes even to 30k?

MSTR cut in half with just this small drop, if BTC goes to 30k he is out of a job and that debt could implode a working, functioning business.

I dont like to come into your thread because unless it is cheerleading you get really nasty but Yellen is right. I hate saying those two words together, Yellen and RIGHT because I cant stand her but she is correct about BTC. At 4k BTC and its enormous flaws is ok but at 50k with the restrictions, fees, awful platform it is not a functioning medium of exchange, it is a speculative risk investment and a niche store of value for a very small segment. If you want to think it goes to 100k then it has to be useful to the masses with next to no cost for transactions and a dramatically lower beta. 

Saylor might as well hit the craps tables with zebra, its what he is doing here.

No worries and I like discussion with people on different sides. A lot of us like to do what they call "confirmation/perception bias" where we read/listen to everything that justifies in our heads what we think is "correct". It helps us sleep better at night. I like to listen to all sides and make the most educated guess and look at history. However, you cannot use history with crypto.

But yeah, if bitcoin goes to $30k I'll still hold and keep buying more. The whales can manipulate the market by selling to spook people while also hitting their shorts and then buying back lower. Futures expire Friday. It's the same scenario that happened last month. We were warned by many people that $10k swings were going to be the new norm. I rather not talk about that old lady. 

IMO it goes over $100k easily. It is being adopted by more people everyday and we are just scratching the surface. All it takes is for someone like Apple to get on board. Then they can create digital wallets, etc...Square just purchased another $170 mil of BTC. I am heavily in the stock market as well and nothing has come remotely close to the gains I have with BTC. I would love to buy a Tesla with Bitcoin, however I barely even drive anymore 

Huh? 

I don’t understand what point you’re trying to make about MicroStrategy. 

He currently owns $1.15 billion worth of bitcoin at an average price of around $16k per bitcoin. 

And he just freed up another billion in cash to buy more. 

Why would he be out of job if BTC goes to $30k? 

Are you going to fire Elon Musk too for buying $1.5 billion worth at $32,000? 

What awful platform are you talking about?

Are you talking about Coinbase?

Coinbase isn’t bitcoin. But it’s about to go public at around a $70 billion valuation.

What does gold do better than bitcoin? Gold has a market cap 12x bitcoins. Nobody asked that old hag Yellen about gold because nobody cares about gold. 

Yellen should focus on the failing dollar. This massive money printing and laughable inflation of assets is the cause of MASSIVE inequality. Something the frauds on the left have pretended to care about for decades now. 

I get it you’re mad that you sold your bitcoin at $6,000 and then it went on a historic run to $60,000  ... but at least try to make sense when presenting your argument next time.