Bitcoins/Litecoins/Virtual Currencies

Arden

Arden

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Caliane said:
Elon/tesla secretly buying Eth could have been a big part of its climb in the last month as well, right?
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We know institutional investors have been primarily responsible for ETHs recent surge, but we don't necessarily know which ones.

Read the writing on the wall though:

1. Tesla publicly sells a portion of BTC.
2. ETH more than doubles in a month as institutional investors pour money into it.
3. JPMorgan makes the following statement: "Ethereum 2.0 shifts from an energy intensive Proof-of-Work validation mechanism to a much less intensive Proof-of-Stake validation mechanism. As a result, less computational power and energy consumption are needed to maintain the ethereum network."
4. Tesla makes a public statement that essentially drops BTC and advocates support for a more energy-efficient crypto.
 
Intrinsic

Intrinsic

Person of Whiteness
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Break said:
I tried transferring some funds into Coinbase just now hoping to speculate a bit on the dip, they claimed it would be INSTANT but they're dirty liars. Price seems to be on an upswing right now too, if it drops again I imagine my funds will mysteriously become available.
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Binance is failing all my ACH transfers now for whatever reason. Was fine getting money in the last week. Haven't tried Coinbase.
 
Armadon

Armadon

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Intrinsic said:
Binance is failing all my ACH transfers now for whatever reason. Was fine getting money in the last week. Haven't tried Coinbase.
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A shit ton of people buying and selling all at once is slowing down the transactions is my guess.
 
swayze22

swayze22

Elite
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All the ramps - coinbase, voyager, binance, etc are clogged from the volume.

I sold BTC at $50k and rebought at $47k. saved me some pennies (low was $46,980)


BTC back up to $50k, ETH back up to $4k.

that was a sale.
 
LachiusTZ

LachiusTZ

Rogue Deathwalker Box
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Break said:
ETH also uses proof of work, would it be that much more environmentally friendly somehow if it took BTC's place?
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Arden said:
Ethereum 2.0 shifts from an energy intensive Proof-of-Work validation mechanism to a much less intensive Proof-of-Stake validation mechanism. As a result, less computational power and energy consumption are needed to maintain the ethereum network
Click to expand...
 
Mist

Mist

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Kiroy said:
“recover almost all of it”

????
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Well they're not down 30 points anymore:

1620866959588.png
 
Jackie Treehorn

Jackie Treehorn

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Mist said:
How does the entire crypto market crash at once and then recover almost all of it? Where did that money go, temporarily? Markets are closed.
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Markets are closed? This has what to do with crypto?

edit:

do you think crypto trades during set hours like stocks?
 
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swayze22

swayze22

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It would be nice if someone had recently talked about an altcoin that had the 6th largest marketcap that operates on a PoS system... .(even though James hates it)

the 7th largest is also "green"


Mist said:
No, I'm wondering where that money flees to when it comes out of a ton of coins at once.
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Someones bank account, USDC, or converting to something else. Crypto is around the clock
 
Break

Break

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If PoW really becomes a hinderance to BTC, couldn't they simply switch to PoS also as ETH 2.0 seems to be planning on? Just spitballing
 
Rajaah

Rajaah

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Binance transactions aren't working for me either. Made a pretty large deposit to "lean into" the down-prices by making a big buy, and it's been processing the bank deposit for 15 minutes.

...cool.

Holding the line on VET BTW
 
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Threelions

Threelions

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VET has an intrinsic value in business and is being used by high profile companies, I don’t think there is any chance of it going away and dying off.
 
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LachiusTZ

LachiusTZ

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So the thing I've been saying someone should make for like a year

Can't ETH do the same thing?
 
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