Why Bitcoin and Ethereum are so strong

DrBuster · May 4, 2021 10:09AM

Who said I was selling? Or you looking for my exit figure?

Justacommeman · May 4, 2021 3:25PM

Thanks to Miles I'm in on classic at $27 and $36. The $36 was bought six days ago. Not too shabby.

m

derryb · May 4, 2021 3:30PM

@Justacommeman said:
Thanks to Miles I'm in on classic at $27 and $36. The $36 was bought six days ago. Not too shabby.

m

don't forget to buckle your seat belt.

RedneckHB · May 4, 2021 3:46PM

@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?> @DrBuster said:

Who said I was selling? Or you looking for my exit figure?

Im wondering if there is something that would cause/entice/scare/etc you into selling? A certain price, a regulatory decision, change in pricing direction (risk tolerance), etc.

derryb · May 4, 2021 5:17PM

@cohodk said:

Im wondering if there is something that would cause/entice/scare/etc you into selling? A certain price, a regulatory decision, change in pricing direction (risk tolerance), etc.

In my case strong downward momentum while other popular crypto choices are climbing.

USASoccer · May 4, 2021 5:24PM

Litecoin is where its at!

derryb · May 4, 2021 5:40PM

@USASoccer said:
Litecoin is where its at!

No, for today ETC is where it's at!

MilesWaits · May 4, 2021 5:42PM

I get the impression we are all having fun and enjoying the Crypto ride because we can afford to take the C ride. It’s an amusement park attraction that will cost us a bit of non-committed money to participate.
There are going to be some steep ascents and descents and for those that can handle the
High G —forces, it may offer differing rewards.

MilesWaits · May 4, 2021 5:47PM

Oh ETC Snap, Mark!!

derryb · May 4, 2021 5:48PM

I miss the R/H phone app confetti when I make a purchase.

MilesWaits · May 4, 2021 5:56PM

Doge, Derrry??
I have been dipping my smaller toes here and there, given Elon’s Saturday gala may cause a pop in price.

derryb · May 4, 2021 6:00PM

dog no like derry. he bite. Do much better with the two E's. Sleep better too.

DrBuster · May 4, 2021 7:33PM

@cohodk said:

Im wondering if there is something that would cause/entice/scare/etc you into selling? A certain price, a regulatory decision, change in pricing direction (risk tolerance), etc.

I took my baseline hedge back plus some a while ago and everything rolling now is pure profit. No reason to sell unless I desperately need to . $1, tempting, $2, moreso, to the moon for hodl....why not.

derryb · May 5, 2021 5:15AM

laser projectionist attacks bank of england:

MilesWaits · May 5, 2021 8:10AM

I would imagine bitcoin and Doge coin tattoos are going up in popularity, too.
I may get a big E on my chest.

MilesWaits · May 5, 2021 8:12AM

OK, things just went totally nuts with BTC.

ctf_error_coins · May 5, 2021 8:13AM

XLM

MilesWaits · May 5, 2021 8:20AM

And to celebrate, got this on the way

derryb · May 5, 2021 8:24AM

@MilesWaits said:
OK, things just went totally nuts with BTC.

Been that way with ETC for a week!

ctf_error_coins · May 5, 2021 8:27AM

Remember to sell all crypto BEFORE Saturday Night Live airs

Justacommeman · May 5, 2021 8:59AM

Classic just cracked $100. Slow down there nelly and rest a little

Ok, I just made myself I cup of coffee and it's at $111. I think I'll go back and make a pot this time

m

derryb · May 5, 2021 8:59AM

no, keep going! all in since last week.

MilesWaits · May 5, 2021 10:57AM

It must be the coffee Mark so please don’t stop we are all depending on you now! Add a little sugar and cream if you must.

guitarwes · May 5, 2021 1:06PM

My how a bunch of you all's tunes have changed since a couple years back, especially towards my point of view on cryptos. Glad y'all are enjoying the ride.

derryb · May 5, 2021 2:22PM

FWIW, I used to laugh at my brother for stacking PMs. Now I sell them to him.

dpoole · May 5, 2021 2:51PM

Okay, Okay.

I was into cryptos back in 2017-2019, but got out because of the volatility.

So I just bought some, because this time it's for real, right?

Right?

derryb · May 5, 2021 3:03PM

yes, the volatility is for real.

blitzdude · May 5, 2021 6:17PM

Another #Stimmy would be nice. I'll put this one 100% in my doggie coin wallet thing and become a welfare millionaire (after a couple of mouse clicks). Crazy world. THKS!

skier07 · May 6, 2021 7:41AM

@Justacommeman said:
Classic just cracked $100. Slow down there nelly and rest a little

Ok, I just made myself I cup of coffee and it's at $111. I think I'll go back and make a pot this time

m

Stupid question but what is Classic?

RobM · May 6, 2021 8:38AM

Classic is the original Ethereum, symbol ETC. There was a fork (disagreement resulting in splitting the blockchain into two different entities) related to whether to make certain changes after the original Ethereum blockchain was exploited. The original author of Ethereum and others in the community went with the more secure and scaleable Ethereum (ETH), leaving the original, renamed Ethereum Classic (ETC) to those in the community that believe the code is law and refused to make the changes. If DOGE, a meme/joke crypto can go to the moon, there's no reason a previously disregarded and forgotten, but more serious crypto, can't get to at least Mars, lol.

dpoole · May 6, 2021 11:02AM

The Economist's lead article this week describes government's inevitable entre into digital currencies, with all the advantages and unprecedented governmental control such a move allows:

https://www.economist.com/leaders/2021/05/08/the-digital-currencies-that-matter

derryb · May 6, 2021 11:07AM

@skier07 said:

Stupid question but what is Classic?

Thread is worthless with pitures

Justacommeman · May 9, 2021 8:39PM

@USASoccer said:
Litecoin is where its at!

I appreciated this post. I've been researching it for awhile but was gun shy. I got dirty in it the day after

Thank you for the push

m

ctf_error_coins · May 10, 2021 12:30PM

Bitcoin is too stable, I am getting bored with it

RobM · May 10, 2021 4:49PM

I just loaded up on SHIB.

Sandman70gt · May 10, 2021 8:48PM

So this last week has been super fun. I quit using % and have begun x cause its way easier. ETH 4X.

ctf_error_coins · May 11, 2021 10:03AM

Perhaps the stock Coinbase (COIN) made a bottom. The turn could be in. COIN reports earnings this week.

blitzdude · May 11, 2021 4:19PM

@ErrorsOnCoins said:
Perhaps the stock Coinbase (COIN) made a bottom. The turn could be in. COIN reports earnings this week.

I've been using robinhood but its limited to available cryptos. I wanted to buy the SHIB but no option. I am going to open a coinbase and it says refer someone and get $10 free bitcoin. So if any of you cheap fools want the referral let me know before I open the account. Just think someday your $10 could become $10K.

MilesWaits · May 11, 2021 7:13PM

Wanted to buy some Shib too, but oh well, I have Robinhood and Coinbase and that is enough temptation.
And they, CB’s ethers and such, did not rest on their low end laurels for long - did they!

derryb · May 11, 2021 7:40PM

I'm using RH and Kraken. Looking to replace Kraken.

Sandman70gt · May 11, 2021 8:41PM

I am long on ethereum, so moved it to blockfi and earn 4.5% on it.
For my other smaller stuff coinbase. Have a robinhood too, but never funded it.

RobM · May 12, 2021 8:39AM

I think Bitcoin is close to being irrelevant. It is getting killed by most of the alt coins over the past 3 months. And, why spend $60K for something with minimal utility, just name recognition, when you can buy something with arguably more utility (ETH, LTC, BCH, etc.) that is gaining in name recognition for a tiny fraction of the price? Anyone else see this disconnect, especially with recent inflation numbers and proposed spending levels. If BTC was worth $55K in Feb, it should be trading much higher today since it has become so mainstream. Something broken?

RedneckHB · May 12, 2021 9:49AM

dpoole · May 12, 2021 11:59AM

OK, Cohodk. I get that it's over.

Bitcoin? Crypto? The American economy? Western Civilization? The world as we know it? Carbon-based life forms?

RedstoneCoins · May 12, 2021 4:09PM

@Sandman70gt said:
ETH to da moon!!
Up 265% since the end of Nov.
What else has an ROI like that?

Enron.

ctf_error_coins · May 12, 2021 4:29PM

oh Elon

blitzdude · May 12, 2021 4:59PM

Well my bunghole hurts. lol

derryb · May 12, 2021 5:48PM

@RobM said:
I think Bitcoin is close to being irrelevant. It is getting killed by most of the alt coins over the past 3 months. And, why spend $60K for something with minimal utility, just name recognition, when you can buy something with arguably more utility (ETH, LTC, BCH, etc.) that is gaining in name recognition for a tiny fraction of the price? Anyone else see this disconnect, especially with recent inflation numbers and proposed spending levels. If BTC was worth $55K in Feb, it should be trading much higher today since it has become so mainstream. Something broken?

price is irrelevant. Percentage gain or loss is the only thing that matters.

RobM · May 13, 2021 10:14AM

@ErrorsOnCoins said:
oh Elon

Musk didn't come to the conclusion to stop accepting bitcoin on his own. He was told to, or else lose Tesla's only real source of profits....energy credits.

ctf_error_coins · May 14, 2021 12:35PM

Discuss what cryptos could have a good future that are NOT in the news, ie BITC, ETH, or DOGE

And Why?

Why Bitcoin and Ethereum are so strong

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