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I get the feeling CNBC is loving this DOGE drop and wants to see it continue to go down.  They keep playing the Musk SNL "Hustle" clip every 10 min.  

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57 minutes ago, beef said:

I get the feeling CNBC is loving this DOGE drop and wants to see it continue to go down.  They keep playing the Musk SNL "Hustle" clip every 10 min.  

Established industries are always going to attack new, disruptive industries. That's just how the world works. 

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Posted (edited)

 

On 12/21/2016 at 12:13 AM, strykerpks said:

BTC up to like $805 (was ~$645 I think when this thread was started). Get in now or wait for it to come down a bit?

 

On 12/21/2016 at 9:23 AM, Aaron Rudnicki said:

But, it's certainly risky to leave your money in BTC for awhile (although it could just continue to climb).

Hard to believe BTC was <$1k less than 5 years ago. I would've never guessed it continued to climb, much less to the heights that it is now. 

Edited by FBG26
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Posted (edited)
11 hours ago, TheDirtyWord said:

Welcome to $4000 ETH (said a week after it first eclipsed $3000).

I tried to get cute and sold 2/3 of my position at $2,995. At this point it's going to launch to $10K without me.

ETA - I believe this is the first time I've checked into this thread.  I've spent the last 3 months getting educated on crypto and am now all-in.  I've moved a large portion of my business's cash into BTC and my personal portfolio is nothing but crypto.  

People still messing around with stocks seem silly to me.  

   

Edited by Captain Cranks
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1 minute ago, Captain Cranks said:

I tried to get cute and sold 2/3 of my position at $2,995. At this point it's going to launch to $10K without me.

   

Today is a good day to buy ETH.  You can say that every day until it hits $10k.  

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2 minutes ago, Captain Cranks said:

I tried to get cute and sold 2/3 of my position at $2,995. At this point it's going to launch to $10K without me.

   

At least you took profits. That is more than a lot of us might be able to say if it crashes hard.

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1 minute ago, ex-ghost said:

At least you took profits. That is more than a lot of us might be able to say if it crashes hard.

I've got a somewhat formal trade plan where I sell 20% after a 50% rise, another 16% after it doubles, and finally 14% after it gets to 3X.  At that point I let the remaining 50% ride.  I guess I'm kicking myself because I deviated from that plan with ETH.

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3 minutes ago, Captain Cranks said:

I know.  I'm a long term investor too, so there's no excuse other than stubbornness and fear of buying the short term top.  

Oh I get it, I get so tempted to day trade BTC.  Its like clockwork most of the time.  It rockets to a new ATH then dips about 20%.  It does this about every month.  

But I'm not gonna do it! 

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Just now, jb1020 said:

Oh I get it, I get so tempted to day trade BTC.  Its like clockwork most of the time.  It rockets to a new ATH then dips about 20%.  It does this about every month.  

But I'm not gonna do it! 

I read an article the other day that mentioned there's a wallet that holds $22B worth of Dogecoin.  I'm thinking to myself, "how on earth does someone hodl like that?"  I'm just not built that way.  

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Posted (edited)
58 minutes ago, eoMMan said:

Would it be that surprising if in a few years, ETH is worth more than BTC?

Not at all.  Its stock-to-flow is more bullish and has far more use cases than BTC.  If the ETH 2.0 rollout is a success and it's the predominant platform of the decentralized economy, I'd be surprised if its market cap wasn't greater than Bitcoin's.  

Edited by Captain Cranks
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2 hours ago, ShamrockPride said:

Anybody get in on that Matic spike?

Now is a good time to buy.  It went over $1.00 yesterday, but just dropped to .80.  I think its a $2.00 coin soon.  

I bought some back when it was in the .30's and sold when it hit .70.  I started buying again around .80.

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7 minutes ago, CGRdrJoe said:

The party is over for now :sadbanana: 

It was looking like a good day coming off the weekend.  The last 2 hours has been a blood bath. 

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58 minutes ago, jb1020 said:

Now is a good time to buy.  It went over $1.00 yesterday, but just dropped to .80.  I think its a $2.00 coin soon.  

I bought some back when it was in the .30's and sold when it hit .70.  I started buying again around .80.

In  for $5 #baller

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1 hour ago, jb1020 said:

Now is a good time to buy.  It went over $1.00 yesterday, but just dropped to .80.  I think its a $2.00 coin soon.  

I bought some back when it was in the .30's and sold when it hit .70.  I started buying again around .80.

I like it in the short term but it's not a good long term coin for me since its use case is dependent on a sluggish, expensive ETH 1.0.  If ETH 2.0 has a successful rollout, then the need for Polygon goes down dramatically.  That's not to say it becomes useless, but will be in much less demand.  

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People at a party last weekend talking about Dogecoin.

Decided to look up my transactions.

on robinhood I had an extra $1200 and purched Doge at .002etc.

Current value when I checked last week was $320K :kicksrock:

Of course I sold the next day because its a scam lol.  This was in OCT

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29 minutes ago, CR69 said:

Bitcoin stalls while alt coins pump and then once everyone has dumped their doggycoin bags on the noobs they jump back into BTC with their profits and it goes up. It's a tale as old as time...

dammit.  Now Beauty and the Beast is stuck in my head. 

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Posted (edited)
16 minutes ago, Captain Cranks said:

dammit.  Now Beauty and the Beast is stuck in my head. 

🤣🤣

I ALMOST ended with "It's like beauty and the beast"(instead of its a tale as old as time) to see if anyone would get it.

Edited by CR69
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On 5/10/2021 at 4:21 PM, jb1020 said:

Now is a good time to buy.  It went over $1.00 yesterday, but just dropped to .80.  I think its a $2.00 coin soon.  

I bought some back when it was in the .30's and sold when it hit .70.  I started buying again around .80.

With the ETH gas fees off the charts...and the unpredictability of the gas fees spiking (1-2 weeks ago, people were in disbelief as to how low they were)...I can absolutely see a $2-3 MATIC.

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On 5/10/2021 at 12:03 PM, Captain Cranks said:

I read an article the other day that mentioned there's a wallet that holds $22B worth of Dogecoin.  I'm thinking to myself, "how on earth does someone hodl like that?"  I'm just not built that way.  

Could be someone lost their wallet...

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3 hours ago, [icon] said:

Nice correction today, added some ETHE late today 

Just bought 4 more. 
 

what has to happen for ETH to catch up or supplant Bitcoin as the predominant crypto? Is it even possible? 

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Very Bizarre day

Hopefully all the noob paperhands folks don't #### their pants and dump us into the toilet. 

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2 hours ago, [icon] said:

Very Bizarre day

Hopefully all the noob paperhands folks don't #### their pants and dump us into the toilet. 

Holding up surprisingly well after the initial freak-out.

Watching the battle after it bounced back to $50k+ was intense.  I just sat there watching the orders for like 30 mins.  BTC price was jumping from $50k to $52k and back again in 3-5 seconds.  Then there was some giant 305 BTC sell order at $51172 that just got chewed through by retail like 0.04 BTC at a time over the course of half an hour.

Seemed like lots of transfer from big holders to retail as there were fewer, larger sellers and tons of smalltime dip buyers.

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Musk referred to the University of Cambridge Centre for Alternative Finance site to validate his energy consumption concerns this AM.  Tesla announced they bought BTC on 2/8.

University of Cambridge Centre for Alternative Finance

If he is now concerned about the 'trend' of BTC energy consumption...that concern existed then as it consumed 124.2 TWh on that date.  On May 10, that figure was 148.77 TWh...about a 20% increase when using the 'estimated' figure.

On November 2, 2020...that figure was 64.38 TWh.  So when Tesla bought BTC, they were not concerned about the close to 100% increase 'trend' in energy consumption.  But three months after they bought BTC, the 20% uptick is of concern?

hmmm...🤔

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21 minutes ago, TheDirtyWord said:

Musk referred to the University of Cambridge Centre for Alternative Finance site to validate his energy consumption concerns this AM.  Tesla announced they bought BTC on 2/8.

University of Cambridge Centre for Alternative Finance

If he is now concerned about the 'trend' of BTC energy consumption...that concern existed then as it consumed 124.2 TWh on that date.  On May 10, that figure was 148.77 TWh...about a 20% increase when using the 'estimated' figure.

On November 2, 2020...that figure was 64.38 TWh.  So when Tesla bought BTC, they were not concerned about the close to 100% increase 'trend' in energy consumption.  But three months after they bought BTC, the 20% uptick is of concern?

hmmm...🤔

Here’s a tip.  He’s not a benevolent billionaire.  I’m sure whatever his reasoning is it is for his best interests and not the environment 

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3 hours ago, Dan Lambskin said:

Here’s a tip.  He’s not a benevolent billionaire.  I’m sure whatever his reasoning is it is for his best interests and not the environment 

I wouldn’t be the least bit suprised if at some point in the next 6 months we get an announcement that “We have solved the BTC mining energy problem with this TESLAMATIC 3000 which you can now buy for $189K, or 4 BTC”.....

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