Bitcoins/Litecoins/Virtual Currencies

Jackie Treehorn

Jackie Treehorn

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Kiroy said:
the question is what are you setting your re buy at.
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Gonna be variable on what tanks the most. And this goes for any tank day, not just the expected one in the next 24 hours.

VET and VTHO are both things I'm looking at.

VTHO has proven to be a money maker every time the market dips. When the market is solid, VTHO maintains almost even 10 percent correlation with VET. When the market dips, it goes out of balance and goes below 10 percent of VET.

For example, Sunday. VET went down to high 0.15's. VTHO at that point was in the high 0.013s. VTHO I've watched every drop of the market and this always happens, and it always bounces back to that 10 percent more or less.

VET is currently 0.208, VTHO is 0.0205, close to that 10 percent.

In absolute terms without any specific market price, if I see VTHO dip down below that 10 percent, I'll buy it. It's not a long term hold obviously, but make the profit from it, and then put it into VET, or ETH, or whatever you want after it reaches that 10 percent.

I'd be happy to buy VET around 0.14 - 0.16 again, if it doesn't get any lower than that.
 
Arden

Arden

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Pretty insightful about the last dip (and the crypto space in general). Could be relevant for the potential upcoming dip. I've been watching her for a while now, and every prediction she has made has been spot on.
 
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Araysar

Loser Araysar

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Binance has been verifying my identity for 2 weeks now. Is this normal?

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OU Ariakas

OU Ariakas

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Flobee said:
If you don't see the issues then nothing I post here is going to fix that for you. You're gunna need to put the work in to understand how our current monetary system works and why it is at risk. I post stuff that touches on this concept constantly. Feel free to go back and look if you're so inclined. Things like the below are informative but if you're not tracking on the core thesis behind why the fiat system is an issue you're not going to understand. Nothing I can do to fix that for you except point out you need to do the work.

tftc.io

Shrinkflation is here, too

They want you stuck on the hamster wheel forever as they pillage the world and take away your civil liberties.
tftc.io tftc.io

I wish I could just lay it out in some digestible format for you to understand, but there are just too many moving parts. You're comfortably in the majority believing that everything is going to be fine for what its worth. We're all probably better off if you're right
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I do not thing everything is going to be fine; I think that the United States is going to be less worse off than any other country that could possibly host a reserve currency. I also have not heard any good argument as to the functional way that BTC could become the reserve currency when it needs vast amounts of technology to insure its fungibility in a future where the world will most likely be less interconnected; not more.
 
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Big Phoenix

Big Phoenix

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Mist said:
You have little-to-no idea what you're talking about. Yeah, the 70s were a complete shitshow, mostly due to energy economics, but past that, "The Fed" has kept the US dollar's inflation incredibly low vs other currencies for most of the past 40 years. US inflation has remained as good or better with the other most stable currencies in the world:

View attachment 350609

What happened after 1980 that caused compensation to remain stagnant is that the Reagan Republicans were able to successfully re-brand any kind of pro-worker movement/policies as 'socialism' and therefore an evil that had to be combatted, then somehow over the next 40 years, perfected the practice of duping working class whites into voting against their own economic interests. "Working Class Hero" Donald J. Trump appointed 234 federal judges hand-picked by the most powerful corporations in America, by shadowy group within the Federalist Society, guaranteed to rule in the most anti-worker ways possible. This was done in the same way that white southern plantation owners were able to convince white southern workers, impoverished by the practice of slavery devaluing labor, to wage one of the most gruesome wars in the history of man against their own economic interests. I'm sorry that white American males, particularly in the south, are that consistently and reproducibly manipulated in the same dumb ways, but they are.
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Arden

Arden

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Araysar Araysar In all seriousness, Binance.us is awful. I got verified and set up pretty quick but I had tons of trouble trying to deposit funds in the account. Do a search- people have lots and lots of issues with Binance.us (as opposed to just Binance, which apparently is pretty damn good). Their customer service is virtually non-existent and a little bit they have they completely outsourced to a third party.

I haven't even tried to withdraw my funds yet, but I am pretty positive I will have issues. I'm terrified to think what would happen if my account exploded and I had a ton of money I was trying to move out of the account. I can almost guarantee they would start giving me errors that I can't resolve through their shitty ticket system.

Sadly, there remains no good options for a crypto exchange in the US. Fidelity et al need to get of their ass and give us a legit crypto exchange.
 
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Rajaah

Rajaah

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Araysar said:
Im a 100% cash right now and super excited about Bidens speech
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Me too dude. Today was perfect, VET's price crested right around my buy-in average (.21, not .22, my math was faulty) so I was able to move everything to USD at almost no loss. I sold my entire VET stock when it was at about .2095 for a total loss of about $15 after fees. If I'd sold an hour earlier when it was .2150 I would have been +$80 but what can ya do.

So now I have my entire VET investment plus another thousand ready to go at the end of the week. BRING ON THE CRASH
 
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Flobee

Flobee

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OU Ariakas said:
I do not thing everything is going to be fine; I think that the United States is going to be less worse off than any other country that could possibly host a reserve currency. I also have not heard any good argument as to the functional way that BTC could become the reserve currency when it needs vast amounts of technology to insure its fungibility in a future where the world will most likely be less interconnected; not more.
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I also think US will be the least worse off. BTC could become the world reserve currency specifically because no other country can host a reserve currency. We'll never have that level of international trust again, nor should we. So long as the internet exists Bitcoin can and likely will survive. I don't believe in a fully segregated internet in the future, but even in that case BTC can survive through satellite networks.

Fungibility has nothing to do with "vast amounts of technology". Security of the network relies on hash rate from ASIC mining machines. These will likely continue to exist as they are profitable. Geographic and political game theory would suggest that anything short of an 100% agreed upon international agreement will fail to stop mining. I expect that there will always be at least one country willing to allow mining in order to profit from it. Bitcoin nodes can and do run on Raspberry Pi's and these are where the actual transaction data is held. The technological barriers to Bitcoin are FAR lower than any other cryptocurrency.

Just because you don't understand it doesn't mean it cant happen.
 
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Sanrith Descartes

Sanrith Descartes

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Rajaah

Rajaah

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Arden said:

Pretty insightful about the last dip (and the crypto space in general). Could be relevant for the potential upcoming dip. I've been watching her for a while now, and every prediction she has made has been spot on.
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Hnng. I'd certainly invest in her stock exchange.

Yeah, this is pretty good so far. The tough part about the upcoming dip will be knowing when it's bottomed-out. The day after the speech? The weekend? Weekend would be ideal for me, and we typically have weekend slumps anyway so there might be a magnified effect. Whoever identifies the bottom-out accurately and buys in there will be the most successful. I'm focusing on VET and I think .15 is a good target. Really doubt it's going below that, but if I'm wrong...well, it is what it is. Way I see it .15 is a 33% gain and no sane person is saying no to that. But if there's any chance at all, even miniscule, that it's going to go back down to .10 or .11 momentarily...

Either way, it's gonna be an interesting few days.
 
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Caliane

Caliane

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Rajaah said:
Me too dude. Today was perfect, VET's price crested right around my buy-in average (.21, not .22, my math was faulty) so I was able to move everything to USD at almost no loss. I sold my entire VET stock when it was at about .2095 for a total loss of about $15 after fees. If I'd sold an hour earlier when it was .2150 I would have been +$80 but what can ya do.

So now I have my entire VET investment plus another thousand ready to go at the end of the week. BRING ON THE CRASH
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thank you for your service. I fully expect record highs across the board now, for several weeks to come.
 
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Arden

Arden

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Jackie Treehorn said:
Thoughts on how this might affect things as well?

www.coindesk.com

Bitcoin Options Market Eyes $4.2B in Expiries on Friday

Bitcoin has bounced to $54,000, the max pain point of the April 30 options expiry.
www.coindesk.com www.coindesk.com
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IIRC, the last big options expiry had pretty much zero impact on the price of BTC. Maybe because of this (from the article): "It is difficult to prove whether max pain pinning is real or coincidental because bitcoin’s options market is still relatively small for the expiry to have a sizable impact on the spot price."
 
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Araysar

Loser Araysar

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Arden said:
Araysar Araysar In all seriousness, Binance.us is awful. I got verified and set up pretty quick but I had tons of trouble trying to deposit funds in the account. Do a search- people have lots and lots of issues with Binance.us (as opposed to just Binance, which apparently is pretty damn good). Their customer service is virtually non-existent and a little bit they have they completely outsourced to a third party.

I haven't even tried to withdraw my funds yet, but I am pretty positive I will have issues. I'm terrified to think what would happen if my account exploded and I had a ton of money I was trying to move out of the account. I can almost guarantee they would start giving me errors that I can't resolve through their shitty ticket system.

Sadly, there remains no good options for a crypto exchange in the US. Fidelity et al need to get of their ass and give us a legit crypto exchange.
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I just want to buy some VET like all the cool kids
 
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