Supdawg Posted November 21, 2020 Report Share Posted November 21, 2020 3 hours ago, abenjami said: How will these people buy food and other things in the future once Bitcoin takes over the world? Do we just let them die of starvation? It's a store of value. Just stop with the payment stuff. No different than gold. You wouldn't wip out a gold brick to buy a slushy at the 7-11. CreepingDeath 1 Link to post Share on other sites More sharing options...
abenjami Posted November 21, 2020 Report Share Posted November 21, 2020 59 minutes ago, Supdawg said: It's a store of value. Just stop with the payment stuff. No different than gold. You wouldn't wip out a gold brick to buy a slushy at the 7-11. Sounds a lot like baseball cards and comic books. Sure, you can store value there, until no one is willing to pay for it anymore. pat 1 Link to post Share on other sites More sharing options...
Titans_Win_Again Posted November 21, 2020 Report Share Posted November 21, 2020 57 minutes ago, abenjami said: Sounds a lot like baseball cards and comic books. Sure, you can store value there, until no one is willing to pay for it anymore. Pieces of paper with pictures of famous people that are only valuable because people believe they are... sounds familiar. Bitcoin is a ponzi A much fairer one than the USD Supdawg 1 Link to post Share on other sites More sharing options...
Supdawg Posted November 23, 2020 Report Share Posted November 23, 2020 Another day, more bullishness. If you're not exposed to crypto, you're doing yourself a disservice. titanruss 1 Link to post Share on other sites More sharing options...
Downtown Posted November 23, 2020 Author Report Share Posted November 23, 2020 This still feels like last time. Especially the time of year. Link to post Share on other sites More sharing options...
Supdawg Posted November 24, 2020 Report Share Posted November 24, 2020 7 hours ago, Downtown said: This still feels like last time. Especially the time of year. Fundamentals are 1000x better than 2017. titanruss 1 Link to post Share on other sites More sharing options...
titanruss Posted November 24, 2020 Report Share Posted November 24, 2020 14 hours ago, Downtown said: This still feels like last time. Especially the time of year. Really feels nothing like last time to me. There's so much institutional investment right now. The lows arent as low and the come up wasnt as far.... it's also been consistently above 10k since July. Last time 10k was flown past on the way up and on the come down. If the whole world didnt freak out and dump everything in March.. it wouldve likely been around 10k since February. So many more people are using it now as well... even since earlier in the year. Hashrate is at an all time high and the total market value is way ahead of last time even if it isn't at an all time high yet. Link to post Share on other sites More sharing options...
titanruss Posted November 24, 2020 Report Share Posted November 24, 2020 19k Supdawg 1 Link to post Share on other sites More sharing options...
Supdawg Posted November 24, 2020 Report Share Posted November 24, 2020 1 hour ago, titanruss said: 19k All time high will occur soon. Every support has held and any dips are bought up during this uptrend while consolidating below resistance. It's bullish AF. Link to post Share on other sites More sharing options...
Downtown Posted November 27, 2020 Author Report Share Posted November 27, 2020 Big drop the past 2 days. Does this qualify as a healthy pullback @Supdawg @titanruss ? Link to post Share on other sites More sharing options...
Supdawg Posted November 27, 2020 Report Share Posted November 27, 2020 36 minutes ago, Downtown said: Big drop the past 2 days. Does this qualify as a healthy pullback @Supdawg @titanruss ? Yes. A lot of leveraged late longs got liquidated open interest dropped like 600m. Still bullish above 14 k but we will see. We hadn't had a 30% pullback. Definitely buying this dip. And willing to buy more if we go lower. Link to post Share on other sites More sharing options...
pat Posted November 27, 2020 Report Share Posted November 27, 2020 @Supdawg how do you recommend one actually hold a bitcoin wallet? Without getting caught up in a soon to be deceased exchange or other bs service? Link to post Share on other sites More sharing options...
titanruss Posted November 28, 2020 Report Share Posted November 28, 2020 7 hours ago, Downtown said: Big drop the past 2 days. Does this qualify as a healthy pullback @Supdawg @titanruss ? Yeah, most were expecting around a %30 pullback.. a couple really. Looks like it didnt get that low yet. If it stabilizes here for a few weeks, thats a very strong sign. It is still definitely heavily influenced on the markets Link to post Share on other sites More sharing options...
titanruss Posted November 28, 2020 Report Share Posted November 28, 2020 On 11/27/2020 at 12:39 PM, patsplat said: @Supdawg how do you recommend one actually hold a bitcoin wallet? Without getting caught up in a soon to be deceased exchange or other bs service? Get a trezor wallet. It's scary at first but as soon as you figure it out its gets easy. Cold store anything you dont wish to day trade or spend. Just dont forget your seed phrase or youre fucked! pat 1 Link to post Share on other sites More sharing options...
Supdawg Posted November 29, 2020 Report Share Posted November 29, 2020 (edited) 14 hours ago, titanruss said: Get a trezor wallet. It's scary at first but as soon as you figure it out its gets easy. Cold store anything you dont wish to day trade or spend. Just dont forget your seed phrase or youre fucked! This.... Although there are a few American exchanges I completely trust (Coinbase, Gemini) with my Bitcoin. But as the phrase goes... Not Your Keys, Not Your Coins! I'd like to plug Celsius Network. They allow you to hold your crypto in their wallets and they pay you interest to do so. For example Bitcoin they give you 6.2% APY at the moment. So for those people who like to hold long term you can essentially have a leveraged long with 0 downsize or risk. https://celsius.network/earn-rewards-on-your-crypto/ Edited November 29, 2020 by Supdawg titanruss, and pat 2 Link to post Share on other sites More sharing options...
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