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Why Bitcoin and Ethereum are so strong

RhodlRhodl Posts: 64 ✭
in Precious Metals

In my limited research and trading of cryptocurrencies, I have noticed on most trading platforms, if not all of them, that in order to purchase the smaller (small market cap, less volume, light demand, low price) tokens, you first need to buy Bitcoin or Ethereum and then you can buy the smaller ones through BTC or ETH. I’m sure that this is helping to pump up the numbers for BTC and ETH. Does this theory have any merit?

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Comments

  • RhodlRhodl Posts: 64 ✭

    Please, no comments from Derryb. Thank you

  • derrybderryb Posts: 36,779 ✭✭✭✭✭
    edited March 31, 2021 4:54AM

    No merit. lol

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • RhodlRhodl Posts: 64 ✭

    Now that you said no merit I KNOW THAT IT IS VALID. And please, don’t show your ignorance and lack of knowledge any more. So many on here are just tired of you. Disappear please

  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    BTC and ETH are the strongest because of their market caps and trading volume.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • carew4mecarew4me Posts: 3,470 ✭✭✭✭

    He's Dead Jim!


    Loves me some shiny!
  • LukeMarshallLukeMarshall Posts: 1,982 ✭✭✭✭✭
    edited April 15, 2021 8:18AM

    .

    It's all about what the people want...

  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    looks like ethereum classic is now at the punchbowl. :)

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    I am just into the plain old school boring Ethereum.
    Why Classic?

    Now riding the swell in PM's and surf.
  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    @MilesWaits said:
    I am just into the plain old school boring Ethereum.
    Why Classic?

    57% gain in one week

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    Alrighty then

    Now riding the swell in PM's and surf.
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    Crazy world, Go Doge fellow apes!

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    Any of you going to buy a Coinbase tomorrow when it lists on the NASDAQ? Under COIN?
    Ironic, Huh?!!

    Now riding the swell in PM's and surf.
  • kiyotekiyote Posts: 5,573 ✭✭✭✭✭

    On a whim I put $500 into dogecoin a month ago.. i’ve been really happy so far! Even been able to trade on the swings because the volume is so high.

    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
  • derrybderryb Posts: 36,779 ✭✭✭✭✭
    edited April 13, 2021 7:43PM

    @MilesWaits said:
    Any of you going to buy a Coinbase tomorrow when it lists on the NASDAQ? Under COIN?
    Ironic, Huh?!!

    Only if my doggy coins stop climbing.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    Where do you buy your doggy coins, very confusing?

    Now riding the swell in PM's and surf.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭

    Got mine on RH

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    Don’t like that RH requires personal log in info from my bank!

    Now riding the swell in PM's and surf.
  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    @MilesWaits said:
    Don’t like that RH requires personal log in info from my bank!

    I believe any online broker is going to require a bank acct be linked.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    Former CIA Director Destroys Yellen's "Illicit" Crypto-Use Fearmongering Narrative

    "he said that one of his key assumptions was that people like (Treasury) Secretary Yellen and Christine Lagarde, President of the European Central Bank, were some of the most informed people on the planet and that their perspectives were grounded in facts. However, in doing his analysis he discovered “just the opposite, that [bitcoin and crypto] weren't rife with illicit activity. In fact, there was probably less illicit activity in the Bitcoin ecosystem than there is in the traditional banking system.”

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,084 ✭✭✭✭✭
    edited April 14, 2021 10:14AM

    In fact, there was probably

    ????

    Yeah....ok...

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • guitarwesguitarwes Posts: 9,266 ✭✭✭

    Crazy ain't it?

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • jmski52jmski52 Posts: 22,814 ✭✭✭✭✭
    edited April 14, 2021 10:38AM

    Former CIA Director Destroys Yellen's "Illicit" Crypto-Use Fearmongering Narrative

    Interesting article.

    in doing his analysis he discovered “just the opposite, that [bitcoin and crypto] weren't rife with illicit activity. In fact, there was probably less illicit activity in the Bitcoin ecosystem than there is in the traditional banking system.”

    Imagine my absolute shock!

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    In answer to the now-banned OP’s original question, because I started purchasing some circa 2016?!?
    And I haven’t stopped, yet.

    Now riding the swell in PM's and surf.
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    To da Moon BlitzDoge!

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    Who let the Doge out?

    Now riding the swell in PM's and surf.
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭
    edited April 15, 2021 5:43PM

    @MilesWaits said:
    Who let the Doge out?

    Must of been Elon getting bored with all his $$$ again. Crazy world!

    Edit: Or maybe just lottsa #Stimmys going DOGE.

  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    I need more dog food.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭

    Past 2 doggy days have been unreal! If I hadn't taken some profit a while ago the 400 I threw at it would be about 17k. I'll take the 14 bagger that's rolling for me though all day every day.

    The stock pickem contest is blasted, to the moon, much wow, ha!

  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    took the trading day off after cashing in on the big Doge run up. Turned out t be a good day to be in gold, silver and cash.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • thefinnthefinn Posts: 2,656 ✭✭✭✭✭

    SPEC-U-LA-TION!

    thefinn
  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭

    Just this: https://www.cnn.com/2021/04/18/business/bitcoin-sharp-fall/index.html

  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    Because:

    "Bitcoin is a bet against a centralized financial system run by crazy people... it is a bet that the emperor has no clothes."

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    Cardano ADA :)

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    DOGE is the gift that keeps on giving! Thanks yet again brother Elon. as soon as Tesla produces a tractor I'm all in.

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    Stellar XLM :)

  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    @blitzdude said:
    DOGE is the gift that keeps on giving! Thanks yet again brother Elon. as soon as Tesla produces a tractor I'm all in.

    Just don't plow from the back seat.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    OFF Topic .....

    Is there a cash online poker site that works well for USA players?

    Have you personally received a payout from that site?

    Bring back online poker ! !!!!!!!!!!!

  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    what assurance do you have that you are not playing against those running the website who can see everyone's hand?

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭
    edited April 28, 2021 7:21AM

    @derryb said:
    what assurance do you have that you are not playing against those running the website who can see everyone's hand?

    Depends on the site and software.

    The industry needs heavy regulation.

    I made money playing poker on full tilt.

    Black Friday destroyed a whole industry.

    Now I'm Playing MVIS, Cardano, and Stellar :o:o:o

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    She’s back to going up!
    I’m glad I got a few more Ethereum classic coins. That has been my major focus, lately.
    Doge is on hold. Same with LiteCoin, Cardano.
    Interesting times were nearly everything is going up. Got inflation?!

    Now riding the swell in PM's and surf.
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭
    edited May 1, 2021 4:07PM

    I got DOGE, BTC, ETH and LTC They are all up. Much more than my gutter. It's like beanie babies and Donruss cards went digits. Crazy world!!

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    I don’t think there is any area that you can put your money in that would generate the kind of returns were seeing in the crypto’s right now.
    It is crazy what Ethereum classic and others like Doge are doing right now!
    It seems the main entrées in crypto just tend to share and swap the lead. A little down, and a lot up. Still love the stoic appearance of my silver, though!

    Now riding the swell in PM's and surf.
  • thefinnthefinn Posts: 2,656 ✭✭✭✭✭

    Because Bitcoin and Ethereum buyers are the most religious people in the world. They have faith in something that cannot be seen or felt, and are only valuable when there is power.

    thefinn
  • Sandman70gtSandman70gt Posts: 997 ✭✭✭✭✭

    Yep, I too, am hooked.
    Even sold some real silver coins to buy digital coins that serve no real purpose cause it sounds like a good idea.

    Bst transactions with: dimeman, oih82w8, mercurydimeguy, dunerlaw, Lakesammman, 2ltdjorn, MattTheRiley, dpvilla, drddm, CommemKing, Relaxn, Yorkshireman, Cucamongacoin, jtlee321, greencopper, coin22lover, coinfolio, lindedad, spummybum, Leeroybrown, flackthat, BryceM, Surfinxhi, VanHalen, astrorat, robkool, Wingsrule, PennyGuy, al410, Ilikecolor, Southcounty, Namvet69, Commemdude, oreville, Leebone

  • Sandman70gtSandman70gt Posts: 997 ✭✭✭✭✭

    ETH to da moon!!
    Up 265% since the end of Nov.
    What else has an ROI like that?

    Bst transactions with: dimeman, oih82w8, mercurydimeguy, dunerlaw, Lakesammman, 2ltdjorn, MattTheRiley, dpvilla, drddm, CommemKing, Relaxn, Yorkshireman, Cucamongacoin, jtlee321, greencopper, coin22lover, coinfolio, lindedad, spummybum, Leeroybrown, flackthat, BryceM, Surfinxhi, VanHalen, astrorat, robkool, Wingsrule, PennyGuy, al410, Ilikecolor, Southcounty, Namvet69, Commemdude, oreville, Leebone

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    ETC! Going Going...
    And DOGE now at two bits times two.
    Pre SNL. Amazing run.

    Now riding the swell in PM's and surf.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭

    DOGE hit .60 this morning at one point, crazy but my RH account loves it.

  • cohodkcohodk Posts: 19,084 ✭✭✭✭✭

    @DrBuster said:
    DOGE hit .60 this morning at one point, crazy but my RH account loves it.

    What would make you want to sell it?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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