Captain Cranks
Footballguy
Smart contract rollout has been smooth and expected for total implementation at the end of the month. That said, I think a lot of this is technically triggered buying after the break of $1.50.
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Bitcoin-Explain to me how to buy these things (2 Viewers)
- Thread starter Sheriff Bart
- Start date
jb1020
Footballguy
I see a lot of that...The traders I follow have entry positions. Like, don't buy DOT until it hits $20. No idea how they come to those entry targets, but it makes sense.
TheDirtyWord
Footballguy
It was kind of due for a breakout…been meandering around the $1.20-$1.40 area for a good while.
Biggest news is a date announcement for mainnet go-live for smart contracts is expected Friday.
And I’d reiterate…the infrastructure amendment squabble was from my perspective incredibly bullish for crypto in general. More bearish for the US in general (if followed thru on).
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TheDirtyWord
Footballguy
I received an offer from (I think) American Express a month or so ago. Didn’t bother opening it, but on the front of the envelope, in LARGE font was the 0.40% APR ‘advertisement’
I referred to previously.Traditional finance seems/feels clueless as to what’s about to come and blindside them. Much like Senator Sherman who kiboshed the crypto amendment this week.
When the incumbents are that flat-footed to the threat literally about to knock down their door, I mean…next 5-10 years should be lit!
Chaos Commish
Footballguy
Sol been lagging like ada was. Can't think of a good reason for it. I think it is a good time to buy before it plays catch up. Good thing I waited on ADA. Pure luck. 22% of my holdings that I want to dump skyrockets.
Harry Frogfish
Footballguy
What fintech do you think is ahead of the curve here?I received an offer from (I think) American Express a month or so ago. Didn’t bother opening it, but on the front of the envelope, in LARGE font was the 0.40% APR ‘advertisement’
Traditional finance seems/feels clueless as to what’s about to come and blindside them. Much like Senator Sherman who kiboshed the crypto amendment this week.
When the incumbents are that flat-footed to the threat literally about to knock down their door, I mean…next 5-10 years should be lit!
This question goes out to all of you renegades actually.
Harry Frogfish
Footballguy
I gotta say, well done. I've had minimal interest in Crypto -- in fact I just got spell check corrected for spelling it wrong -- but what you wrote just clicked for me. The only stuff I've read about it has been in here, with passing interest when it pops up top, not so much as even following the thread.
It reminds me of this time in LA me and a buddy got baked out of our gore and went to some museum. I saw this Van Gough and started looking closer and closer, until I got as close as I could get, and noticed his brush strokes were not detailed whatsoever. Like, it wasn't a masterpiece. In fact they were kind of a mess.
But the big picture? Oh man, it was beautiful, when you stepped back to see what it'd become. For many, Crypto's this big tangled mess of uncertainty and fear right now, but I can see the bigger picture, it's there in the distance.
Thanks!
Always wondered how long I stared at that painting, btw. All I know is my friend had to come and get me, lol. Really good weed, figured out how the economy works exactly, in the car ride home.
TheDirtyWord
Footballguy
That’s a big question, there’s a lot of great projects/protocols out there...a lot have been mentioned in this thread already; the majors BTC/ETH certainly. ADA, DOT, HBAR, AAVE, MATIC, ATOM...I could go on, there’s too many to list. At the end of the day, we still don’t know who the winners will ultimately be. But we sure as **** know who the losers are.
The ‘clicking’ you referred to...it’s happened to everyone who posts here. Speaking for myself, it lead me to read/research the space to such an extent that it occurred to me that I’ve prepared less for this FF season than I ever have because I am tunnel vision on this. I find it ironic that I’m posting this revelation here of all places. The 24/7 nature of it contributes to this consumption as well.
Captain Cranks
Footballguy
I suspect my perpetual consumption of all things crypto is making me a pretty uninteresting person to those around me. My family now laughs because there's a good chance my contribution to a discussion is some analog about how things will be in the future because of blockchain tech. It's all good. Maybe I'll let them spend a small portion of my investment gains.
Captain Cranks
Footballguy
A couple of random thoughts I want to bounce off the gallery.
1. BTC is in a much better position than it was 3 months ago. It wasn't too long ago that we were worried about its centralization in China, bad for the environment perception, and uncertainty of the looming US regulatory rules. Now China has chosen to push mining offshore, thereby decentralizing it to cleaner, more trustworthy areas of the world. Meanwhile, Musk's attention whoring has led to organized BTC renewable energy efforts and tracking. Finally, and perhaps most important, we just got another glimpse into potential US regs with both Gensler suggesting an ETF is imminent while lawmakers drafted a bipartisan agreement to carve out PoW blockchains from its definition of brokers.
2. Speaking of brokers, I don't know how these Play-to-Earn blockchain games are going to escape the regulatory definition of being a broker. For those who don't know, developers of some of the new crypto games allow players to buy and trade in-game items as NFTs. Many of them set up marketplaces where people can submit bids and offers for such items.
Here's an example for a game call Blankos Block Party. Blankos Yesterday, the gamemaker, Mythical Games, sold 750 mints of a limited edition character for the designer Burberry. They sold out in 30 seconds for $300 a pop. Those same NFTs are trading on the Mythical marketplace today for a minimum of $1,100. When lawmakers were crafting that infrastructure legislation, these are exactly the kind of profits they were targeting in order to pay for it. However, right now, Mythical Games does zero KYC on their users. That means I can bounce in and out of these NFTs and have no one tracking the profits like I do with Binance and Kraken. I would certainly think that has to stop, but where does that leave the gaming segment? Are they capable of setting up the infrastructure necessary to be a broker or will their hand be forced to step away from the US market?
1. BTC is in a much better position than it was 3 months ago. It wasn't too long ago that we were worried about its centralization in China, bad for the environment perception, and uncertainty of the looming US regulatory rules. Now China has chosen to push mining offshore, thereby decentralizing it to cleaner, more trustworthy areas of the world. Meanwhile, Musk's attention whoring has led to organized BTC renewable energy efforts and tracking. Finally, and perhaps most important, we just got another glimpse into potential US regs with both Gensler suggesting an ETF is imminent while lawmakers drafted a bipartisan agreement to carve out PoW blockchains from its definition of brokers.
2. Speaking of brokers, I don't know how these Play-to-Earn blockchain games are going to escape the regulatory definition of being a broker. For those who don't know, developers of some of the new crypto games allow players to buy and trade in-game items as NFTs. Many of them set up marketplaces where people can submit bids and offers for such items.
Here's an example for a game call Blankos Block Party. Blankos Yesterday, the gamemaker, Mythical Games, sold 750 mints of a limited edition character for the designer Burberry. They sold out in 30 seconds for $300 a pop. Those same NFTs are trading on the Mythical marketplace today for a minimum of $1,100. When lawmakers were crafting that infrastructure legislation, these are exactly the kind of profits they were targeting in order to pay for it. However, right now, Mythical Games does zero KYC on their users. That means I can bounce in and out of these NFTs and have no one tracking the profits like I do with Binance and Kraken. I would certainly think that has to stop, but where does that leave the gaming segment? Are they capable of setting up the infrastructure necessary to be a broker or will their hand be forced to step away from the US market?
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Chaos Commish
Footballguy
So one of my project follows has been Iotex for over a year. I love the possibilities of IoT developments on blockchain. That's Internet of Things developments. Blockchain will soon (already is on some Korean phones) be able to stop the annoying (4th amendment violating?) snooping into our conversations and activities that has made information gathering a very profitable controversial industry. It isn't just Google, Apple etc., exploiting the ability to spy on us. It's Russia, China, state supported cyberthugs, criminals in Eastern Europe, China, elsewhere not associated with state support, etc. Some lucrative scams have been associated with spying on us.
So I bought a small bag of Iotx in January mostly because of the above. Because of the Pulse erc-20 airdrop, I added more as I dumped non-erc 20s to prep for the drop. As news goes Iotex had a big July you could only learn about from their Twitter feed. Then a week or so ago they announced an expected listing on CoinBase. Again twitter is almost always the first place to learn about these things. So I added more with the ira rollover funds in a solo 401k I discussed here. Many many times a listing on Coinbase has mooned a project. Boom. Twitter information just made me a sweet chunka.
Chaos Commish
Footballguy
I'm taking another break from this topic lately. Just enjoying the ride. There's several posts I want to get back to and I never watched that pulse vid Cranks posted. I will for sure, so I may be hippling in here in a week or so. For now I just want to toss up a red flag. I think extreme volatility is on the horizen. Gird your loins and learn your stable coins. I could be wrong and I don't expect it to be completely bullish. $90 btc by X-mas a fun prediction, but stay tuned in guys. Buy the ticket, take the ride.
Chaos Commish
Footballguy
$Req has also rocketed on a Coinbase listing announcement. I missed that one. Can't follow them all.
beer 30
Footballguy
Glad I could help
Bought it as soon as it appeared on Coinbase.Since I dumped a chunk of ADA I’ve been re-investing small quantities back into the big movers on Coinbase to see how it goes. So far ok, mostly up with a few downs. Cautiously waiting for the dip that I think is inevitable but been a good run for the last few weeks. When I see the market on decline I’ll, hopefully, catch it in time and consolidate these little experiments back into DAI and wait for the next cycle.
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Bob Sacamano
Footballguy
Coinbase Learn is kind of interesting. And you can grab about $20 of crypto in a few minutes (go straight to the quiz on the ones you don't want to sit through. Most answers are obvious)
beer 30
Footballguy
That's how I started on this journey about a year ago. Think I had around $50 in freebies. Oddly enough had I just held all those freebies I'd be in pretty solid position right now. Instead I converted everything to BTC which has still put me in a good position but just interesting to go back and invest in some of those early freebies again as they rise up the charts.
Captain Cranks
Footballguy
I'm using this run as an opportunity to sell out of my crapola in hopes that I have a more concentrated portfolio with BTC, ADA, ETH, SOL, and ILV as the bulk of my holdings.
Chaos Commish
Footballguy
Hey song. I do want to take a break from posting heavy here. So, for me about the most intriguing and accurate TA has been tracking max pain expiries and other predictive trends in option markets. While there's 100s of articles discussing 100k btc to end 2021, I'll leave it with CoinTelegraph's most recent.
I used 90K as a fun prediction because the resistance between 90 and 99 has to be fierce. The article sees professional traders valuing 100k year end options.
There's puff piece journalism reporting this will be the first Christmas where crypto, wallets, stakes, coins, etc, will be common gifts. If so, btc should dominate gift-giving. I did this last Christmas for my family. FreeWallets for everyone. My mom taught me as a teen if you ever buy a wallet for someone it is bad luck to give it empty. She put a buck in the wallet she bought me.
I gave away a bunch of Doge.
beer 30
Footballguy
SFBayDuck
Footballguy
Captain Cranks
Footballguy
My 14 year old texted me from school this morning to ask if I could buy him some more Cardano. If that's not the sign of a short term top, I don't know what is.
SFBayDuck
Footballguy
Do did you?My 14 year old texted me from school this morning to ask if I could buy him some more Cardano. If that's not the sign of a short term top, I don't know what is.
Captain Cranks
Footballguy
I just rolled some of my position over to his. I was pleased he was showing interest, so I didn't want to say no, but I'm not a big fan of buying stuff after such a big move.
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I'd be interested to see what's in other people's portfolio. Mine:
ETH2 55%
BTC 30%
LTC 5%
ATOM 5%
BCH 2%
XLM 1%
BSV 1%
ADA 1%
Started off with $200 worth of BTC I left in an account after funneling some money to offshore gambling quite a while ago. Completely forgot about it for several years, never bought any more BTC and it still makes up 30% of my portfolio.
Should have told him to write a 2 page paper on why this is a good entry point and the future outlook of ADA.
ex-ghost
Footballguy
Captain Cranks
Footballguy
Masterful idea.
I just picked him up from school and he now wants to sell his position since his friend told him to "take profits and wait for another dip."
thank you for responding. enjoy your break. 90k. whew, i feel better now. thought that was probably what you intended but wanted to make sure since you were speaking of red flags and not necessarily bullish volatility.Hey song. I do want to take a break from posting heavy here. So, for me about the most intriguing and accurate TA has been tracking max pain expiries and other predictive trends in option markets. While there's 100s of articles discussing 100k btc to end 2021, I'll leave it with CoinTelegraph's most recent.
I used 90K as a fun prediction because the resistance between 90 and 99 has to be fierce. The article sees professional traders valuing 100k year end options.
There's puff piece journalism reporting this will be the first Christmas where crypto, wallets, stakes, coins, etc, will be common gifts. If so, btc should dominate gift-giving. I did this last Christmas for my family. FreeWallets for everyone. My mom taught me as a teen if you ever buy a wallet for someone it is bad luck to give it empty. She put a buck in the wallet she bought me.
urbanhack
Fight The Power!
I just took your son's advice and sold all mine.Masterful idea.
I just picked him up from school and he now wants to sell his position since his friend told him to "take profits and wait for another dip."
Captain Cranks
Footballguy
BTC 20, ADA 20, ETH 10, SOL 5, ILV 5, Other 13, Cash 27
Would like it to be BTC 25, ADA 20, ETH 15, SOL 10, ILV 5, Other 25
KGB
Footballguy
Hex 2K > $200K and holding
Pulse $22K
BTC $15K
ETH $15K
ACH $6K
I see that ETH2 isnt avail on coinbase or robinhood. Can you expand on ETH2 a bit?
I'm on Coinbase. There was a sign-up to stake ETH as ETH2. It took several weeks, but, they finally approved me. I can now convert ETH to ETH2 at anytime, but, once converted you can't sell out until ETH2 is officially fully implemented. ETH2 price is the same as ETH and it also makes 5% APR for being staked. Coinbase says they will have an option to convert ETH2 to other crypto soon, before ETH2 is final, but havent seen that option yet.
KGB
Footballguy
Thank you. When ETH2 comes out, will all ETH be auto moved to it? Otherwise I might as well move ASAP
UOFI_316
Footballguy
Technically it is all profit for him. You gave him some, and then he sold it. Sounds like a solid business plan. He should sell a "How to make money quick" book.Masterful idea.
I just picked him up from school and he now wants to sell his position since his friend told him to "take profits and wait for another dip."
Captain Cranks
Footballguy
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I'm not 100% sure, but, I think it's more correct to say ETH2 is really just ETH that is being used for proof of stake on the blockchain. So in the end they will all be the same once its released fully. I dont plan on selling until after ETH2.0 anyway as I think it's going to be a big deal so why not the extra 5%APR.
TheDirtyWord
Footballguy
I’ve thought about this topic quite a bit last couple of weeks since the infrastructure bill stuff. If you think about how fast this space is moving (your example above for instance), the US Government still doesn’t even have clarity as to which body should be regulating crypto; SEC vs CFTC...meaning is crypto a security or a commodity? It doesn’t feel like we’ll reach resolution on even that basic issue anytime soon.
The world is about to embark on a transformation that is simply not going to fit previous structures that have been built to govern humanity. If the pandemic taught us anything, it’s that location has become irrelevant in a multitude of industries (particularly technology based ones). That doesn’t just mean doing a job in New York or San Francisco...that applies to comparing New York and Abu Dhabi too.
Even prior to crypto, the world has gotten significantly smaller and more mobile in even just the last quarter of a century. Throwing the planet into a forced virtual state answered questions that might have taken the next 25 years to us answer. Over the next 100 years...and I know I’m thinking extraordinarily macro here, but how viable is the world structure that exists today, one whose bones were largely formed during a time in history when land was colonized by means of wooden ship, as we continue to develop decentralized means of value exchange at exponential rates?
In a span of 3 months, we’ve seen BTC hash rate migrate away from China and get dispersed across the globe. We’re not back at peak levels, but when you look back on China banning mining 10-15 years from now, it’ll look like a blip. And something that seismic was swallowed up in relatively short order.
Ultimately, crypto is a ‘better business model. Better business models replace incumbents because from the ground up, they are structured without the legacy ‘baggage’ of the past which was constrained simply by the fact it didn’t have the benefit of leveraging technology that didn’t exist yet. Not just that, but these new business models can provide better incentive structures which attract adoption.
To that end, I wonder if the concept of a nation state will require ‘land’ at some point in the (distant) future.
CGRdrJoe
Footballguy
Chaos Commish
Footballguy
3 hrs ago on twitter CardanoDan said it was overbought. Prepare for a dip, maybe under $2. Took it as my opportunity to be true to my word. I sold at $2.21 50% of my ada holdings. Put it in BUSD. It feels good for it not to dominate my portfolio. It flipped btc on this run to become my #1 holding. It feels good to be in position to support products I've looking at. It feels even better to have a truly whopping gain in the books.
I might soon regret this
CGRdrJoe
Footballguy
i’m pretty much damned if i do (sell and it runs) or damned if i don’t (hold and it drops)
Captain Cranks
Footballguy
You don't have to sell all of it. I have a trading plan where I'll sell 20% of my position once it hits 50% profit, another 16% at 100%, and 14% at 150%. That leaves 50% of my original position to ride or die.
My weighted avg on ADA is $1.28, so I'm due for a trim.
P.S. I double those targets for smaller cap coins.
Chaos Commish
Footballguy
Great letter to Senator Warren from one of her young female fans...
worth a read
love how gently she points out the senator is in the pockets of big banking.
worth a read
love how gently she points out the senator is in the pockets of big banking.
2Squirrels1Nut
Footballguy
Where's the best place to buy Dogecoin?
Captain Cranks
Footballguy
When I first started learning about the tech, I recall watching Raoul Pal state that it would be more revolutionary to the world than the internet. That is a big #######' statement and one I didn't appreciate at the time, but now agree with and even evangelize to others. 99.9% of the world continues to be oblivious to its ramifications, including those in government and business. The banking industry is slowly waking up to the reality as they watch customer funds move off their balance sheets into crypto exchanges. The Chinese government is absolutely aware of it and taking steps to nip it in the bud. Here in the States, we're too slow and fractured to proactively minimize its implications. Gensler stated recently that the SEC won't approve a Bitcoin ETF because the appropriate regulations aren't in place and that 'could take years to implement'.
I'd like to think those regulations will be common sense and not be too detrimental to the innovation. However, we'd be naïve to think the banking system is going to lie down and let their profits drift off without a fight. It'll be like the fossil fuel industry fighting against the renewable energy space in the last decade. The difference here, however, is that the banking industry has both sides of government in its pocket.
Captain Cranks
Footballguy
We really can't say ####### (rhymes with chicken) here? 
Chaos Commish
Footballguy
I'm just gonna start using chicken. I can't believe you chicken did that. un-chicken- believable. That chicken guy. The chicken refs blew that one.We really can't say ####### (rhymes with chicken) here?
