BITCOIN Discussion..........

[Pimike]

I’m tempted to pull my 1 bitcoin and put it all on ADA?

raiders what do you think about that?

That would give me over 60,000 ADA coins

 

[JDS]

That would give me over 60,000 ADA coins

How long you been holding that 1 Btc Mike ?

 

[jjgold]

Anyone day trade coins here?

 

[Pimike]

How long you been holding that 1 Btc Mike ?

About 2 years

 

[JDS]

About 2 years

Oh damn you are a true HODL aren’t you. I hope it goes back over 50k so you can salvage a profit.

 

[Pimike]

Oh damn you are a true HODL aren’t you. I hope it goes back over 50k so you can salvage a profit.

I’m sure it will.

But thinking 25 k of Ada woukd make more money in the next 3-5 years?

 

[JDS]

I’m sure it will.

But thinking 25 k of Ada woukd make more money in the next 3-5 years?

No fuckin’ clue pal. I’m here as a observer & to sponge off the smart people like Raiders & that roland guy.

 

[Pimike]

No fuckin’ clue pal. I’m here as an observer & to sponge of the smart people like Raiders & that roland guy.

Well hopefully they chime in

 

[Ace7550]

Anyone day trade coins here?

Used to. Crypto arbitrage was amazing back in 2017.

 

[raiders72001]

Doesnt that imply coins associated with smart contracts are probably worth a lot less than the hype, assuming we're correct that smart contracts can't handle any trade that is even a little complex? Ive been wanting to make such a contrarian wager for years and it seems shorting ETH is the best option. Yet, you like ETH. Curious your thoughts

The thing with ETH is that people receive staking rewards from gas fees. There's incentive to lock up ETH. There's a ton projects built upon the Ethereum blockchain such as Crypto Kitties.

In March there's an upgrade, Shanghai Hard Fork. If this goes well this would have been fantastic for ETH and the whole crypto market. The problem is with the SEC. There's over 16m ETH staked that's locked up until the fork. Because the SEC is cracking down on staking, we don't know how many will withdraw their ETH after the fork. At Kraken, all will be unstaked.

Until two days ago, ETH was my favorite crypto. Now the SEC is making me think it over.

 

[raiders72001]

I’m tempted to pull my 1 bitcoin and put it all on ADA?

raiders what do you think about that?

Can't go wrong either way. Not sure this cycle follows the previous ones but in the past BTC took off, then it was altcoin season just after that,

 

[raiders72001]

Anyone day trade coins here?

I go all the way back to 2013 and BTC-e. There was a guy in the chat room Fontas that was able to pump coins at will. There were also Twitter sites and chat rooms used for pump and dumps. Arbing was easy back in the day. I did it for years but not anymore.

 

[jjgold]

I go all the way back to 2013 and BTC-e. There was a guy in the chat room Fontas that was able to pump coins at will. There were also Twitter sites and chat rooms used for pump and dumps. Arbing was easy back in the day. I did it for years but not anymore.

Seems like everything goes away eventually when an edge and never returns

 

[Ace7550]

That's great ETH information Raiders. Thanks for posting in here.
I remember a day in 2017 when LTC was $20 at coinbase and $25 at Poloniex. If only I didn't have a 50k withdrawal cap at Coinbase. Those were the days...

 

[rabiddog]

Since move to prove of stake in September there are 16,000 less Eth available. Actually in the last 40 days it's dropped about 20,000 ETH since the network has been used more. This staking US ban, really only affects people that want to stake on exchanges. You can still stake it yourself through Lido, Rocketpool Etc. Or if you have 32 Eth you can be your own validator. Once the next bull kicks in there will be lots more Eth burned. I do believe the Eth network one day will replace a decent amount of the current internet. My minimum price target for the next bull run around 2 years from now is $10,000. I'm thinking there's a chance for a $20,000-$25,000 ETH.
ETH is true hard money.

 

[iri431851]

Bitcoin anonymity attracted lot of people. Society has been able to manage its finances more freely. However, some blockchain protocols are designed so that it is easy to trace all transfers of cryptocurrencies. Bitcoin mixer https://yomix.io was developed to make payments anonymous. Bitcoin mixer breaks down transfer amount into many smaller amounts, and they are mixed through many random technical wallets. After this process, user receives different set of coins

 

[rolandcorts]

The thing with ETH is that people receive staking rewards from gas fees. There's incentive to lock up ETH. There's a ton projects built upon the Ethereum blockchain such as Crypto Kitties.

In March there's an upgrade, Shanghai Hard Fork. If this goes well this would have been fantastic for ETH and the whole crypto market. The problem is with the SEC. There's over 16m ETH staked that's locked up until the fork. Because the SEC is cracking down on staking, we don't know how many will withdraw their ETH after the fork. At Kraken, all will be unstaked.

Until two days ago, ETH was my favorite crypto. Now the SEC is making me think it over.

Tons of projects but none of them are real. Crypto kitties. Cmon man!! Thanks for sharing your opinion, I'm just trying to understand. I still don't.

One of the best applications is decentralized betting and even that doesn't work. I truly do not understand the value of ETH. BTC on the other hand there are at least a lot of pros to go with the cons.

 

[raiders72001]

Tons of projects but none of them are real. Crypto kitties. Cmon man!! Thanks for sharing your opinion, I'm just trying to understand. I still don't.

One of the best applications is decentralized betting and even that doesn't work. I truly do not understand the value of ETH. BTC on the other hand there are at least a lot of pros to go with the cons.

I should have said that Crypto Kitties was the first game. Everything on Ethereum is a smart contract. Each if/then statement is a smart contract.

 

[Pimike]

Ada

all in

 

[raiders72001]

Since move to prove of stake in September there are 16,000 less Eth available. Actually in the last 40 days it's dropped about 20,000 ETH since the network has been used more. This staking US ban, really only affects people that want to stake on exchanges. You can still stake it yourself through Lido, Rocketpool Etc. Or if you have 32 Eth you can be your own validator. Once the next bull kicks in there will be lots more Eth burned. I do believe the Eth network one day will replace a decent amount of the current internet. My minimum price target for the next bull run around 2 years from now is $10,000. I'm thinking there's a chance for a $20,000-$25,000 ETH.
ETH is true hard money.

You run nodes for anything? Flipping BTC wouldn't be that surprising. You probably do the same as I do with the ICOs and IDOs in checking vesting schedules. Whenever there's a cliff, there's always a dump. Huge profit isn't there with ETH so that probably won't happen.