Recent content by maskedmelon

There doesn’t really seem to be any historic resistance above this up to our last ATH. We already smashed the weekly AND daily R3s, while nuking the bearish divergence we’d been seeing. The volume with this pump has been solid too. The crazy part is that we haven’t even seen the hash ribbons...

Anyone looking at the INX IPO? It doesn’t look like it has had much interest based on the contract. I don’t really like the idea of it succeeding because it seems antithetical to crypto ethos especially given the birth of defi. At the same time though, I could see it having some sort of gross...

Ledger gives you little paper cards when you get one to write down your recovery code. O haven’t lost or reset it, but when you first set it up you will go through a process where it shows you your code, then you have to enter it back in in the right order. Is the same kind of thing like when...

BTC catching more eyes as inflation hedge https://www.cnbc.com/2020/11/05/bitcoin-gold-trading-low-interest-rates-and-a-friendly-fed.html

RSI has tipped over 80% a few times. We had a couple large outflows yesterday and after 14kish there isn’t much resistance to 16k. Coinbase depth looks pretty anemic on the buy side though. I am expecting a correction short term, but we shall see! We didn’t see any correction back on the 21st...

Almost hit 15k BTC, fuck me. I want more. RSI just hit 80 though, so maybe we see a dip? *crosses fingers*

So I am starting to wrap my head around DeFi. I know that there are a ton of things that follow under the umbrella, but like for one simple example, I could buy WBTC in an interest bearing account, take out a loan for ETH, buy BTC with my borrowed ETH, then sit and earn interest on my WBTC...

I was expecting red too. I was not expecting the recent string of subtle acknowledgements from the left that Biden may not win though. I think that is somewhat comforting because it helps legitimize the election and forestall maximum madness. I am sure that we will still get madness, but not to...

I’ve a hard time deciding which altcoins/tokens to go with. There Are just so many of them. There are a couple that look super amazing to me and others that I think will do well, but I am just not sure how well and it is hard to make a case for investing in a lot of them when you compare it to a...

I entirely agree, but I just don’t see it ever entirely supplanting other currencies. I don’t think that it needs to though. Yes, gold has been used as a medium of exchange in the past, but it isn’t used or even widely recognized as one presently. I can’t go out to dinner and pay with a couple...

It doesn’t need to become a reserve currency. It isn’t even much of a currency in the traditional sense. While it is very clearly a store of value, I don’t see it as much of a medium of exchange and I don’t think that it needs to be one. We value gold in dollars too, but that does nothing to...

It really is though. The supply of gold increases by around 2-3% every year along with being difficult to protect and transport. It’s value in fiat increases, but that is only because the value of fiat decreases. The absolute value of gold year-over-year diminishes. BTC has a hard cap of 21...

I generally agree with Flobee’s assessment. With regard to BTC’s year-over-year growth, it is difficult to isolate real growth from speculative meanderings. If you do though, there is a very strong argument for sustained real growth of 100% a year, which places it around $15k at year-end. I...

It’s value doubles every year. Just because it has been grossly inflated at times and suffered from ridiculous volatility doesn’t mean it has matured in any sense of the term. The market is still in its infancy and there is significant growth remaining. You’ve lived a world of a handful of...

Lol, someone has a limit on the book for 100btc.