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Old 08-09-2020, 06:52 PM   #37126
pontylad
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Re: Bitcoins - digital currency

Quote:
Originally Posted by MSchu18 View Post
Link into the $14's...
MSchu give it a rest, post in the other thread if you want to continue to talk about Link.
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Old 08-09-2020, 09:39 PM   #37127
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Re: Bitcoins - digital currency

here... this relates.

Took 100% profits @ $14.25 for Chainlink and rolled it into Bitcoin.
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Old 08-09-2020, 10:03 PM   #37128
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Re: Bitcoins - digital currency

Quote:
Originally Posted by MSchu18 View Post
here... this relates.

Took 100% profits @ $14.25 for Chainlink and rolled it into Bitcoin.
Cool, so you don't care about link any more. Good man.
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Old 08-10-2020, 04:15 AM   #37129
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Re: Bitcoins - digital currency

Quote:
Originally Posted by MSchu18 View Post
here... this relates.

Took 100% profits @ $14.25 for Chainlink and rolled it into Bitcoin.
Congrats, this is the reason shitcoins exist, they are here to acquire more BTC so good for you.

In the end everybody wants BTC.
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Old 08-10-2020, 04:39 AM   #37130
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Re: Bitcoins - digital currency

I'm shocked someone so excited about their shtcoin's daily movement had the smarts to sell into a pump.
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Old 08-10-2020, 07:05 PM   #37131
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Re: Bitcoins - digital currency

LET'S GO BAT TOKEN!
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Old 08-11-2020, 07:17 PM   #37132
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Re: Bitcoins - digital currency

Some of you might be able to comprehend these findings from a recent published (July 2020) survey of world bitcoin mining:

1. About 50% of world mining power capacity is currently China related, 14% US
2. median power cost is $.03 per KW
3. median mining cost per BTC is $5.000
4. During the Chinese rainy flood season (summer) the hydroelectric power cost there can go below $.01 and can account for BTC price rises.

Fidelity Center for Applied Technology
https://medium.com/@BitOoda/bitcoin-...h-ebc25f5650bf
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Old 08-12-2020, 05:37 AM   #37133
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Re: Bitcoins - digital currency

Good article.
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Old 08-12-2020, 08:03 AM   #37134
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Re: Bitcoins - digital currency

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LET'S GO BAT TOKEN!
Go post in the **** thread, looking to maybe get back into some btc soon. Hope it drops back to 105 but I’ll re enter at 11200
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Old 08-12-2020, 03:10 PM   #37135
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Re: Bitcoins - digital currency

And despite having made my ACH transaction last Thursday afternoon and my bank showing it has long been sent there is still nothing on Coinbase Pro or Coinbase almost a week later. What a trash site, I can't believe it's not smoother to buy crypto at this point.
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Old 08-12-2020, 05:45 PM   #37136
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Re: Bitcoins - digital currency

try CashApp next time
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Old 08-12-2020, 05:57 PM   #37137
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Re: Bitcoins - digital currency

Quote:
Originally Posted by karamazonk View Post
And despite having made my ACH transaction last Thursday afternoon and my bank showing it has long been sent there is still nothing on Coinbase Pro or Coinbase almost a week later. What a trash site, I can't believe it's not smoother to buy crypto at this point.
Plan ahead and maintain liquidity on an exchange. Or use a wire transfer if you demand same day access.
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Old 08-13-2020, 01:13 AM   #37138
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Re: Bitcoins - digital currency

South Korea’s largest bank to store and manage digital assets https://coingeek.com/south-koreas-la...QGBzfaygpXtNks


Coinbase to Offer Bitcoin-Backed Loans to US Customers https://www.coindesk.com/coinbase-to...XSgLzD4yUrjQ4I
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Old 08-13-2020, 03:29 AM   #37139
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Re: Bitcoins - digital currency

Surprised it hasn't been mentioned. But a company called MicroStrategy bought ~21K Bitcoin in Q2.

They just casually bought 0.1% of the entire supply. Stock price jumped 10%+.
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Old 08-13-2020, 11:02 AM   #37140
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Re: Bitcoins - digital currency

Quote:
Originally Posted by CoolTimer View Post
Surprised it hasn't been mentioned. But a company called MicroStrategy bought ~21K Bitcoin in Q2.

They just casually bought 0.1% of the entire supply. Stock price jumped 10%+.
Tooth was right. The barbers aren't coming back to buy $50 of BTC. Now it's publicly traded companies converting hundreds of millions in cash reserves.

On a related note, what a fantastic contrarian indicator case and Tooth are. Both called the bottom on March 16 with "lol at buying here" type posts.
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Old 08-13-2020, 12:27 PM   #37141
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Re: Bitcoins - digital currency

BTC bulls in here are the same as politics posters that drift into BFI. Their understanding and model of money is capped at their personal household level experience:

Bezos has 80 billion, we should take that and make everyone else richer
Companies are 'converting' cash into BTC, everyone will get richer
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Old 08-14-2020, 03:40 AM   #37142
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Re: Bitcoins - digital currency

well got back into some btc at 116 probably start trading again soon. I still like sliver>gold>btc but since im gonna start trading btc btc>silver>gold. Usually when i re enter market, it goes down 5% or so. I bet btc will hit 11300 since i got it at 116. leverage trading at binance lets go
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Old 08-14-2020, 05:28 AM   #37143
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Re: Bitcoins - digital currency

100x already, good trading!
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Old 08-14-2020, 09:19 AM   #37144
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Re: Bitcoins - digital currency

Has hodlbot been discussed in this thread? Wouldn't it make sense to invest in crypto like an index? That way you'd have way less risk and be sure to capture the continuous gains of the top 30 coins by market cap over time.

Or is everyone just trying to time the market and pick winners/losers? That doesn't feel the most optimal strategy to me imo...
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Old 08-14-2020, 09:47 AM   #37145
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Re: Bitcoins - digital currency

You would have more risk and smaller gains than only BTC. If you feel lucky, or have very good reason to think you can time the market, then you can start thinking about dabbling in altcoins.
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Old 08-14-2020, 10:14 AM   #37146
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Re: Bitcoins - digital currency

Hrmm I'm not sure if I can wrap my head around the more risk part, if you chose the HODL30 option it would re-balance your portfolio with the top 30 currencies every month. Wouldn't that be less risk since you have exposure to ~90% of the crypto market?

For example, the indice CCi30 writes on their website:

"Not too surprisingly, the index is a better investment vehicle than Bitcoin itself, and a much safer approach than trying to pick single coins. Investing in the index allows to profit from the unforecastable raise of some cryptocurrencies, while limiting the losses deriving from the fall of others."

Bitcoin can still make up a fair chunk of your portfolio, but why not diversify across the whole crypto sector? Lots of studies have shown that > 90% of active investing funds don't beat a low cost index fund over time, so why would crypto be any different?
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Old 08-14-2020, 10:42 AM   #37147
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Re: Bitcoins - digital currency

You have to apply ponzi-wave mechanics to *all* coins to find the answer. Adding alt coins creates much more risk, these have weak underlying ponzi support:

- Total amount of USD available for ALT liquidity is much less
- BTC will always have its prime advantage, being first. Look at all the hot alts of the past, top 10 coins down to full liquidity death

Buying BTC is the *exact-same-thing* as buying trash alts, you have to be able to time the market and get out correctly. It's just much more forgiving, much harder to have huge losses. The flipside to this is a good BTC pump and dump trade is now capped at around a 10 bagger, likely much less. Good alt trades can still do a lot more.
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Old 08-14-2020, 11:48 AM   #37148
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Re: Bitcoins - digital currency

If you're re-balancing every month and your portfolio only contains the top 30 currencies, would there really be that much added risk though? I don't really like the idea of timing the market, I was hoping to find the most efficient way of realizing the gains of the entire crypto market cap over say the next 10-15 years.

This way you benefit from diversification and never have to worry about timing the market. Who knows wtf is going to happen in the next 10-15 years, but by buying an index or creating one of your own you will guarantee yourself 95-99% of the returns of the entire crypto market cap (which includes Bitcoin).
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Old 08-14-2020, 12:24 PM   #37149
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Re: Bitcoins - digital currency

Quote:
Originally Posted by supersplitz View Post
If you're re-balancing every month and your portfolio only contains the top 30 currencies, would there really be that much added risk though? I don't really like the idea of timing the market, I was hoping to find the most efficient way of realizing the gains of the entire crypto market cap over say the next 10-15 years.

This way you benefit from diversification and never have to worry about timing the market. Who knows wtf is going to happen in the next 10-15 years, but by buying an index or creating one of your own you will guarantee yourself 95-99% of the returns of the entire crypto market cap (which includes Bitcoin).
This is like buying 1 premium stock, and 29 different kinds of animal scat.

Reindexing just has you buying more of the worst performers at the expense of your top performers.

But go ahead, tell me this strategy will work.



At best they track Bitcoin long term and worst they decouple and you lose 99%.

https://woobull.com/crypto-currency-...ising-results/

**** runs downhill

Last edited by TomCollins; 08-14-2020 at 12:35 PM.
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Old 08-14-2020, 01:17 PM   #37150
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Re: Bitcoins - digital currency

I didn't realize it was such a sensitive subject. In the link you provided, unless I read it wrong, it was comparing the results of BTC vs an index of the top 20 alt coins. I'm not trying to guess if BTC is going to gain or lose in market share vs alt coins. I'm trying to ensure I capture the return of the entire crypto market over the next 10-15 years.

Is that really such a horrendous idea? I don't see how a strategy of holding a proportionate value of the top 30 currencies (including BTC) and re-balancing it monthly fails to do that. Isn't that less risky than just holding BTC no matter what while also guaranteeing yourself the return in value in all of crypto?
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