Crypto-trading thread

1,099,940 Views | 10860 Replies | Last: 3 hrs ago by jamey
Heineken-Ashi
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Bag said:

Heineken-Ashi said:

Bag said:

TxAG#2011 said:

Bitcoin jumped more in 5 minutes that the entire price when I first bought it lmao.

I remember sweating 4k down to 3.2k
now do $1m BTC

1% up or down is $10,000, if you are sitting on 10 BTC then ordinary movement 1-2% will be $100-$200k

the numbers get stupid after a while

Two things..

1. For $1M BTC at the existing money supply, there would have to be some combo of gold, silver, equities, and bonds absolutely decimated where money moves to BTC and BTC gains market share against them. This is the "BTC is going to become the monetary standard" scenario.

2. For expanded money supply to get to $1M BTC, the payments for interest on the debt would likely be 2-4x higher than they are now, and they are already unsustainable. We would be on our way to becoming Greece financially, which hasn;t ever worked out well for any country that has hyperinflated. This is the "BTC continues to be the ultimate risk asset" scenario.

Either BTC is going to $1M in option 1, or BTC is not going to $1M and the money supply actually shrinks back to where it was pre-2020, aka, a mass liquidity event. BEcause should it get to $1M in option 2, it's just an even larger bubble with a much harder pop coming. Considering BTC moves up WITH risk assets, and has never once been a safe haven during risk-off events, mostly following the trajectory of the Nasdaq, even option 1 is not likely.
The market cap of of gold is 10x BTC or $20T I see no reason why BTC cant get to at least the market cap of gold. Gold is not the monetary standard yet it sits at $20T
That doesn't refute what I said. Without an expansion of the money supply, which would be extremely harmful to our country, how does BTC expand 10x?
Bag
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Heineken-Ashi said:

Bag said:

Heineken-Ashi said:

Bag said:

TxAG#2011 said:

Bitcoin jumped more in 5 minutes that the entire price when I first bought it lmao.

I remember sweating 4k down to 3.2k
now do $1m BTC

1% up or down is $10,000, if you are sitting on 10 BTC then ordinary movement 1-2% will be $100-$200k

the numbers get stupid after a while

Two things..

1. For $1M BTC at the existing money supply, there would have to be some combo of gold, silver, equities, and bonds absolutely decimated where money moves to BTC and BTC gains market share against them. This is the "BTC is going to become the monetary standard" scenario.

2. For expanded money supply to get to $1M BTC, the payments for interest on the debt would likely be 2-4x higher than they are now, and they are already unsustainable. We would be on our way to becoming Greece financially, which hasn;t ever worked out well for any country that has hyperinflated. This is the "BTC continues to be the ultimate risk asset" scenario.

Either BTC is going to $1M in option 1, or BTC is not going to $1M and the money supply actually shrinks back to where it was pre-2020, aka, a mass liquidity event. BEcause should it get to $1M in option 2, it's just an even larger bubble with a much harder pop coming. Considering BTC moves up WITH risk assets, and has never once been a safe haven during risk-off events, mostly following the trajectory of the Nasdaq, even option 1 is not likely.
The market cap of of gold is 10x BTC or $20T I see no reason why BTC cant get to at least the market cap of gold. Gold is not the monetary standard yet it sits at $20T
That doesn't refute what I said. Without an expansion of the money supply, which would be extremely harmful to our country, how does BTC expand 10x?
there is zero doubt the money supply will expand, there is no way to service the existing debt except to print our way out of it.

Brian Earl Spilner
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Sold my MOG coin for +100% profit.
Heineken-Ashi
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Bag said:

Heineken-Ashi said:

Bag said:

Heineken-Ashi said:

Bag said:

TxAG#2011 said:

Bitcoin jumped more in 5 minutes that the entire price when I first bought it lmao.

I remember sweating 4k down to 3.2k
now do $1m BTC

1% up or down is $10,000, if you are sitting on 10 BTC then ordinary movement 1-2% will be $100-$200k

the numbers get stupid after a while

Two things..

1. For $1M BTC at the existing money supply, there would have to be some combo of gold, silver, equities, and bonds absolutely decimated where money moves to BTC and BTC gains market share against them. This is the "BTC is going to become the monetary standard" scenario.

2. For expanded money supply to get to $1M BTC, the payments for interest on the debt would likely be 2-4x higher than they are now, and they are already unsustainable. We would be on our way to becoming Greece financially, which hasn;t ever worked out well for any country that has hyperinflated. This is the "BTC continues to be the ultimate risk asset" scenario.

Either BTC is going to $1M in option 1, or BTC is not going to $1M and the money supply actually shrinks back to where it was pre-2020, aka, a mass liquidity event. BEcause should it get to $1M in option 2, it's just an even larger bubble with a much harder pop coming. Considering BTC moves up WITH risk assets, and has never once been a safe haven during risk-off events, mostly following the trajectory of the Nasdaq, even option 1 is not likely.
The market cap of of gold is 10x BTC or $20T I see no reason why BTC cant get to at least the market cap of gold. Gold is not the monetary standard yet it sits at $20T
That doesn't refute what I said. Without an expansion of the money supply, which would be extremely harmful to our country, how does BTC expand 10x?
there is zero doubt the money supply will expand, there is no way to service the existing debt except to print our way out of it.


And what happens FIRST every single time that happens?

And again, they've never attempted to expand the money supply while the FED is already in a massive deferred asset hole with no end in sight. There simply isn't the demand for loans for any sort of QE to actually make its way through the system. Not without dropping rates to zero which would trigger a mass liquidity event in markets before any sort expansion could even start.
Yukon Cornelius
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Is it possible demand is low because everyone knows rates are coming down? If whatever you want to take out debt for if you wait just a few months it'll be cheaper.
Heineken-Ashi
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Yukon Cornelius said:

Is it possible demand is low because everyone knows rates are coming down? If whatever you want to take out debt for if you wait just a few months it'll be cheaper.
Anything is possible.

I'm just speaking from the historical context of rate cuts or QE.
jamey
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Yukon Cornelius
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Nice little move Sunday morning on very little volume. Wonder if it's a sign of supply crunch coming.
@NFLPlayerProps
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Heineken-Ashi said:

Bag said:

Heineken-Ashi said:

Bag said:

TxAG#2011 said:

Bitcoin jumped more in 5 minutes that the entire price when I first bought it lmao.

I remember sweating 4k down to 3.2k
now do $1m BTC

1% up or down is $10,000, if you are sitting on 10 BTC then ordinary movement 1-2% will be $100-$200k

the numbers get stupid after a while

Two things..

1. For $1M BTC at the existing money supply, there would have to be some combo of gold, silver, equities, and bonds absolutely decimated where money moves to BTC and BTC gains market share against them. This is the "BTC is going to become the monetary standard" scenario.

2. For expanded money supply to get to $1M BTC, the payments for interest on the debt would likely be 2-4x higher than they are now, and they are already unsustainable. We would be on our way to becoming Greece financially, which hasn;t ever worked out well for any country that has hyperinflated. This is the "BTC continues to be the ultimate risk asset" scenario.

Either BTC is going to $1M in option 1, or BTC is not going to $1M and the money supply actually shrinks back to where it was pre-2020, aka, a mass liquidity event. BEcause should it get to $1M in option 2, it's just an even larger bubble with a much harder pop coming. Considering BTC moves up WITH risk assets, and has never once been a safe haven during risk-off events, mostly following the trajectory of the Nasdaq, even option 1 is not likely.
The market cap of of gold is 10x BTC or $20T I see no reason why BTC cant get to at least the market cap of gold. Gold is not the monetary standard yet it sits at $20T
That doesn't refute what I said. Without an expansion of the money supply, which would be extremely harmful to our country, how does BTC expand 10x?


Bitcoin is up a gazillion percent in 16 years and $1MM is less than 1,000% from here. What if it just keeps doing what it always does?
Its Texas Aggies, dammit
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@NFLPlayerProps said:

Heineken-Ashi said:

Bag said:

Heineken-Ashi said:

Bag said:

TxAG#2011 said:

Bitcoin jumped more in 5 minutes that the entire price when I first bought it lmao.

I remember sweating 4k down to 3.2k
now do $1m BTC

1% up or down is $10,000, if you are sitting on 10 BTC then ordinary movement 1-2% will be $100-$200k

the numbers get stupid after a while

Two things..

1. For $1M BTC at the existing money supply, there would have to be some combo of gold, silver, equities, and bonds absolutely decimated where money moves to BTC and BTC gains market share against them. This is the "BTC is going to become the monetary standard" scenario.

2. For expanded money supply to get to $1M BTC, the payments for interest on the debt would likely be 2-4x higher than they are now, and they are already unsustainable. We would be on our way to becoming Greece financially, which hasn;t ever worked out well for any country that has hyperinflated. This is the "BTC continues to be the ultimate risk asset" scenario.

Either BTC is going to $1M in option 1, or BTC is not going to $1M and the money supply actually shrinks back to where it was pre-2020, aka, a mass liquidity event. BEcause should it get to $1M in option 2, it's just an even larger bubble with a much harder pop coming. Considering BTC moves up WITH risk assets, and has never once been a safe haven during risk-off events, mostly following the trajectory of the Nasdaq, even option 1 is not likely.
The market cap of of gold is 10x BTC or $20T I see no reason why BTC cant get to at least the market cap of gold. Gold is not the monetary standard yet it sits at $20T
That doesn't refute what I said. Without an expansion of the money supply, which would be extremely harmful to our country, how does BTC expand 10x?


Bitcoin is up a gazillion percent in 16 years and $1MM is less than 1,000% from here. What if it just keeps doing what it always does?


90% of more than 4,000 four-year holding periods have had a CAGR of 30+%. Power law predicts it will hit $1M by 2033. I would not bet against it.
Yukon Cornelius
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Was a fight to break 120,000. But when it did it jumped another 500 dollars. Up another 1000… no breaks now.
Thunderstruck xx
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Now above $121k. Let's see where it is in the morning. Wow.
BucketofBalls99
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Thunderstruck xx said:

Now above $121k. Let's see where it is in the morning. Wow.

Still above $121k. But it didn't $123k at one point. Geez!

Aaaaaannnd…….its Crypto Week this week!
Brian Earl Spilner
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Had a great weekend. Took some profits, bought some dips, and my Coinbase account is up around 70% from where it was early last week.
Bag
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Brian Earl Spilner said:

Had a great weekend. Took some profits, bought some dips, and my Coinbase account is up around 70% from where it was early last week.
amazing
Bag
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fauxstradamus
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Bag said:


Didn't he take a portion or most of his NFL salary in BTC?
Bag
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fauxstradamus said:

Bag said:



Didn't he take a portion or most of his NFL salary in BTC?

yea, I think he took like $750k
Thunderstruck xx
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Is anyone here knowledgeable about XLM? I keep hearing that it is an alternative to XRP and has been flying under the radar, but it has some advantages over XRP which could cause it to take off. The price is currently sitting at ~$0.45 so it is a bit easier to buy lots of it in case it takes off. I've heard other comments that it was not designed as an investable asset, so don't expect the price to ever take off like XRP. But is XRP really designed as an investable asset?
Yukon Cornelius
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It's just another centralized pump n dump chain with no usecase other than pumping n dumping. You certainly can make money trading it though. I would always check Market cap and fully diluted market cap of any token you want to buy.
carl spacklers hat
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Russell Okung was another one. Took half his $13 million salary in 2020 and converted to BTC, when it was around $27k per. He was ridiculed by many at the time. Suckers.
People think I'm an idiot or something, because all I do is cut lawns for a living.
MaroonStain
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Fed iso change and XRP thread.


TTUArmy
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Yukon Cornelius said:

It's just another centralized pump n dump chain with no usecase other than pumping n dumping. You certainly can make money trading it though. I would always check Market cap and fully diluted market cap of any token you want to buy.


If it is, what you say it is, why did Gensler have such a hard on to destroy them? Generally curious...
MaroonStain
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I like the current action of XLM and started a small amount of XCN. Still keeping an eye on SEI to see if it can break $0.37

ONDO is one also on my radar as it was recently rumored to be a target for BlackRock
Yukon Cornelius
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He went after a lot of different crypto projects. Doesn't mean any one in particular is special.
Yukon Cornelius
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I like Ondo a lot too and also think it's underrated. Where I struggle is what's the point of the token? Same for a lot. Like chainlink or uniswap or aave. (For the record I have all of these) All of these defi apps and protocols doing billions of dollars worth of TXs but none of that value is captured by their tokens.

It's the same with XRP. Even if every bank for some reason uses ripple for their transactions that provides no value to XRP token.


After adoption by institutions of these protocols there will likely be extreme run ups in their corresponding tokens but then crash to near zero. There will be very very few survivors IMO.
Yukon Cornelius
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Now that there's regulation clarity etc coming we will likely also see more VC IPO crypto companies. Providing services onchain for stable coin fees instead of minting and dumping their "governance" tokens.

Probably the big play is to find any VC firms in this market and buy in with them….

Anyone know any?
MaroonStain
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I just pulled the rip cord on XLM and XCN. $50 profit on those two and finally in the black overall since entering crypto in May.

Still 'hodling' ETH and ADA.
Thunderstruck xx
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I've been holding a few hundred XLM for 4 years now, and I'm about at the same dollar value I bought in at. I'm fully convinced it is a ****coin now. I should have done better research back then.
TTUArmy
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Thunderstruck xx said:

I've been holding a few hundred XLM for 4 years now, and I'm about at the same dollar value I bought in at. I'm fully convinced it is a ****coin now. I should have done better research back then.

I'm somewhat embarrassed to say, at one point, I held 115K XLM at $.088. I sold it when it finally went a little above green. Regarding altcoins, I came to the same conclusion that Yukon C. did, albeit a couple of years ago. I was also in BTC for $1K when it was roughly $18K...ouch. I turned my attention back to precious metals after my crypto phase. It was fun and I learned a great deal...especially the meaning of crypto winter.
Yukon Cornelius
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Well I think there's a tremendous amount of money to be made in crypto. But I think there's needs to be a healthier approach. I hope everyone here makes a ton of money. But it needs to be repeated these are extreme speculations pumped by extreme leverage. Catalysted by fleeting narratives. There's very very little underlying value trading.

So in short don't fall for the hype and marry your bags. It's all BS but make your money. There will be few that stand the test of time but nothing is certain.

Including Bitcoin. Btc is narrative speculation driven etc. but there are downstream concerns that will create a big top IMO that will brutalize top buyers.
Yukon Cornelius
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When was the last time we saw btc drop a few points and eth go up? Maybe nothing. Maybe a turning of the tide. Time will tell.
Yukon Cornelius
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https://finance.yahoo.com/news/satoshi-era-whale-sells-9k-111158264.html
mrmill3218
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Where does everyone keep their cold storage wallet?

I have a few separate locations for my seed phrase already. Does it make sense to get another Ledger and do the same thing?
Thunderstruck xx
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mrmill3218 said:

Where does everyone keep their cold storage wallet?

I have a few separate locations for my seed phrase already. Does it make sense to get another Ledger and do the same thing?


First rule of crypto is don't tell anyone where you keep your seed phrase. I think multiple locations for your seed phrase increases risk of someone finding it. Hopefully you have it punched into titanium plates or something like that to prevent fire or water damage.
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