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What do people think about Bitcoin?

Discussion in 'BBS Hangout' started by Spooner, Jan 25, 2014.

?

What is the fate of Bitcoin?

  1. Currency of the future

    35.0%
  2. Passing Fad

    65.0%
  1. I am a Donut

    I am a Donut Contributing Member

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    Maybe, but March/April was the trade. At some point BTC will reverse some of this, but who knows when. Personally, I expect to remain all in ETH at least until EIP-1559 in July and/or ETH/BTC hits .1-.15.

    [​IMG]
     
  2. DonnyMost

    DonnyMost not wrong
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    Everybody here be like "omg fak u derp coin is best" and "no fak u herp coin is goat"

    Meanwhile I'm just over here buying and hodling both.
     
    Space Ghost likes this.
  3. Xerobull

    Xerobull You son of a b!tch! I'm in!
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    BTC an absolute steal right now.
     
  4. I am a Donut

    I am a Donut Contributing Member

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    Whatever, crypto sucks. My portfolio hasn’t been this low since….

    [checks spreadsheet]

    …three 1/2 weeks ago.
     
    CCity Zero and Space Ghost like this.
  5. RudyTBag

    RudyTBag Contributing Member
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    How I wish I could take out a 400k loan and grab 10 Bitcoins right now... :D
     
  6. Yung-T

    Yung-T Member

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    This is extremely interesting, on pic 2 he directly mentions 30k and 1pm UTC, which is exactly what happened the day after.

    And regarding the whale they wanted to take out:
     
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  7. daywalker02

    daywalker02 Member

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    Them friggin laser eyes.
     
  8. Xerobull

    Xerobull You son of a b!tch! I'm in!
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  9. Xerobull

    Xerobull You son of a b!tch! I'm in!
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  10. KingCheetah

    KingCheetah Contributing Member

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    QFUD revealed...

     
  11. daywalker02

    daywalker02 Member

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  12. KingCheetah

    KingCheetah Contributing Member

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    Whoops!
     
  13. I am a Donut

    I am a Donut Contributing Member

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    I saw this. Two strikes on them now. That’s a pretty big **** up. Enough to turn me off from using it. Locking accounts and threatening users, due to their screw up. No thanks.

    On the flip side, despite that and a number of centralized exchanges going down today, all major dexes and defi platforms held up fine.
     
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  14. DonnyMost

    DonnyMost not wrong
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    Oh boy! Crypto flash sale!!
     
    dachuda86 likes this.
  15. saitou

    saitou J Only Fan

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    installing blockfi now!
     
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  16. I am a Donut

    I am a Donut Contributing Member

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    Best post mortem I’ve read so far. This guy is from one of the largest crypto funds, Alameda.

    His take is that Elon and all the other FUD last week kicked off some natural selling, but the majority of the damage came from liquidation cascades, again, particularly in ETH this time.

    This would be a better scenario for bullish resumption than if this was an institution led sell-off.

    I assumed much of the sub 40k move was liq’s, but was worried about what was happening above there driving the selling. But he’s saying the liq cascade began above 40k.

    Shares some of the trades they made amidst the madness, too.

     
    #5176 I am a Donut, May 19, 2021
    Last edited: May 19, 2021
  17. dachuda86

    dachuda86 Member

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    Maybe I should join during a promo.
     
  18. I am a Donut

    I am a Donut Contributing Member

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    This a fantastic tip. When things start looking sketchy, go some percentage short. Then use the profits you earned during the selloff to buy the capitulation.

    You earn on the way down, and also avoid the need to dip buy with fresh capital.

    Gotta get myself prepared to do this for future selloffs.

    Been aware that funds do this, but I hadn’t thought it through. I figured they were being conservative and reducing some upside potential to protect their clients from downside, but really, they are increasing overall returns vs. being 100% long if they time it right.

     
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  19. Invisible Fan

    Invisible Fan Contributing Member

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    Ruggability...such a fitting word.
     
    I am a Donut likes this.
  20. I am a Donut

    I am a Donut Contributing Member

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