Why Bitcoin and Ethereum are so strong

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Rhodl
Rhodl 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?

«1345

Comments

  • Rhodl
    Rhodl Posts: 64 ✭
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    Please, no comments from Derryb. Thank you

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
    edited March 31, 2021 5:54AM
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    No merit. lol

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Rhodl
    Rhodl Posts: 64 ✭
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    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

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    BTC and ETH are the strongest because of their market caps and trading volume.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • carew4me
    carew4me Posts: 3,667 ✭✭✭✭
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    He's Dead Jim!


    Loves me some shiny!

    “Often wrong, but never in doubt.”
  • LukeMarshall
    LukeMarshall Posts: 2,212 ✭✭✭✭✭
    edited April 15, 2021 9:18AM
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    .

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

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    looks like ethereum classic is now at the punchbowl. :)

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    I am just into the plain old school boring Ethereum.
    Why Classic?

    Now riding the swell in PM's and surf.
  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    @MilesWaits said:
    I am just into the plain old school boring Ethereum.
    Why Classic?

    57% gain in one week

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    Alrighty then

    Now riding the swell in PM's and surf.
  • blitzdude
    blitzdude Posts: 7,723 ✭✭✭✭✭
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    Crazy world, Go Doge fellow apes!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    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.
  • kiyote
    kiyote Posts: 5,633 ✭✭✭✭✭
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    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.
  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
    edited April 13, 2021 8:43PM
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    @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.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    Where do you buy your doggy coins, very confusing?

    Now riding the swell in PM's and surf.
  • DrBuster
    DrBuster Posts: 5,446 ✭✭✭✭✭
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    Got mine on RH

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    Don’t like that RH requires personal log in info from my bank!

    Now riding the swell in PM's and surf.
  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    @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.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    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.”

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
    edited April 14, 2021 11:14AM
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    In fact, there was probably

    ????

    Yeah....ok...

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • guitarwes
    guitarwes Posts: 9,308 ✭✭✭
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    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.
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
    edited April 14, 2021 11:38AM
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    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.
  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    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.
  • blitzdude
    blitzdude Posts: 7,723 ✭✭✭✭✭
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    To da Moon BlitzDoge!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    Who let the Doge out?

    Now riding the swell in PM's and surf.
  • blitzdude
    blitzdude Posts: 7,723 ✭✭✭✭✭
    edited April 15, 2021 6:43PM
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    @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.

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    I need more dog food.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • DrBuster
    DrBuster Posts: 5,446 ✭✭✭✭✭
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    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!

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    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.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • thefinn
    thefinn Posts: 2,657 ✭✭✭✭✭
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    SPEC-U-LA-TION!

    thefinn
  • drei3ree
    drei3ree Posts: 3,430 ✭✭✭✭
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    Just this: https://www.cnn.com/2021/04/18/business/bitcoin-sharp-fall/index.html

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    Because:

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

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • ctf_error_coins
    ctf_error_coins Posts: 15,433 ✭✭✭✭✭
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    Cardano ADA :)

  • blitzdude
    blitzdude Posts: 7,723 ✭✭✭✭✭
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    DOGE is the gift that keeps on giving! Thanks yet again brother Elon. as soon as Tesla produces a tractor I'm all in.

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • ctf_error_coins
    ctf_error_coins Posts: 15,433 ✭✭✭✭✭
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    Stellar XLM :)

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    @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.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • ctf_error_coins
    ctf_error_coins Posts: 15,433 ✭✭✭✭✭
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    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 ! !!!!!!!!!!!

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    what assurance do you have that you are not playing against those running the website who can see everyone's hand?

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • ctf_error_coins
    ctf_error_coins Posts: 15,433 ✭✭✭✭✭
    edited April 28, 2021 8:21AM
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    @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

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    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.
  • blitzdude
    blitzdude Posts: 7,723 ✭✭✭✭✭
    edited May 1, 2021 5:07PM
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    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!!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    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.
  • thefinn
    thefinn Posts: 2,657 ✭✭✭✭✭
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    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
  • Sandman70gt
    Sandman70gt Posts: 1,040 ✭✭✭✭✭
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    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, Rob41281, clarkbar04, cactusjack55, Collectorcoins, sniocsu, coin finder

  • Sandman70gt
    Sandman70gt Posts: 1,040 ✭✭✭✭✭
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    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, Rob41281, clarkbar04, cactusjack55, Collectorcoins, sniocsu, coin finder

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    ETC! Going Going...
    And DOGE now at two bits times two.
    Pre SNL. Amazing run.

    Now riding the swell in PM's and surf.
  • DrBuster
    DrBuster Posts: 5,446 ✭✭✭✭✭
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    DOGE hit .60 this morning at one point, crazy but my RH account loves it.

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    @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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