Crypto thread

You want to download the CoinGecko app and go to the exchange with the highest volume for that particular crypto. Some places don’t accept US customers. 

Uniswap is good. Takes a little time to get the hang of it. 

Need $34k BTC to hold. That’s the key right now to keep the alts pumping. Kind of a bullish pennant forming. A break to the upside would obviously be good for BTC but will also lead to ETH breaking its previous ATH and flying into price discovery.

YFI is a mess. Their devs want more money so they’re voting on wether or not to increase the supply in order to give the devs more. 

A vote to increase the supply dilutes your holdings and a vote not to means disgruntled devs. 

I would keep the devs happy. Without them you have nothing. 

Either way I’m all set with that drama when there are a ton of other plays. 

Keeping an eye on it though. 

Reshuffled and sold a little from the alts that recently pumped and added to bags that haven’t pumped yet mainly DIA and WAN. 

Also watching ONT. 

DIA 

LUNA 

WAN

PHA 

DOT 

ATOM 

ETH 

CRUST 

RING 

ONT 

MAHA 

A lot of the bigger 2017 ICO’s have fizzed out and their development has been weak. 

WAN kept on trucking through the bear market. They now have a decent project. 

It reached $9 and #30 rank in 2018. It’s currently $0.37 and ranked #170 or something. 

It will pump at some point. 

Ethereum's daily transaction volume is going parabolic. 

It now settles $12 billion in transactions daily - $3 billion more than Bitcoin.

ETH will most likely be breaking ATH next few days.

DOT $17 

ADA $0.37 

ATOM $9.40 

OCEAN $0.59 

LUNA $0.97 

UTK $0.23 

AVAX $12.90 

COTI $0.058 

TOMO $1.34 

POLS $1.58 

The whales will probably try to shake people out at some point. Don’t get shaken out. 

I sold a % of each one of my alts to buy BTC in an attempt to take a little risk off the table. 

My bags currently look like this — from largest to smallest 

BTC 

DOT 

ETH 

ATOM 

CRU 

COTI

LUNA 

WAN 

MAHA 

ONT 

Hopefully this is the end of the dip

Reshuffled things a little 

DOT 

ETH 

TRAC (Origin Trail) 

MAHA 

CRU 

ATOM 

PHA 

LUNA 

YLD (Yield) 

Blackrock has given two of its funds the go-ahead to invest in bitcoin futures

https://www.coindesk.com/blackrock-give-two-funds-go-ahead-to-invest-in-bitcoin-futures

British fund firm Ruffer piles $675 million into bitcoin in 'defensive move'

https://www.nasdaq.com/articles/british-fund-firm-ruffer-piles-%24675-million-into-bitcoin-in-defensive-move-memo-2020-12-16

First time I’ve seen alts hold stronger than bitcoin during a dump in years 

“Oh look. 

Suddenly there's a whole bunch of newly minted whales.... holders of 1000BTC / $32m of BTC. 

(I'm seeing more whales coming in on this dip)”

Interesting charts in this thread 

https://twitter.com/woonomic/status/1352203710596694016?s=21

“The number of addresses holding 1,000 BTC just reached a new all time high of 2,446.

Over the last 21 days, 141 new whale address with over 1k BTC were created, suggesting large entities are expecting a significant price rise for Bitcoin in the near future.”

https://twitter.com/bloqport/status/1352251213060964358?s=21

Tether fud 

Double spend fud 

Two of the oldest tricks in the books 

HODL

HODL

HODL

I think these few days is a big test how many still believe in cryptos and can hang on until the 2 big leaders set new ATH(all time high) in the near future.

Lost a house in the last two days tbqf 

I have a big tolerance for risk and crypto continuously pushes my boundaries. I can see why people don’t want to get in and I can certainly see why people get shaken out. 

This is why people that have made a bundle in crypto didn’t “get lucky”. 

If it was easy, everyone would do it. 

One of my friends has a son that has an entire setup in his garage mining BTC. I never would have thought it possible but he has made 50K in less than a year just mining BTC. 

Is it really that easy? 

Watching the drop on Coinbase Pro, traders throwing up big time numbers on the bid and just getting devoured, I watched 30k go and there was something like 175 on the bid and bam it was swallowed, people thinking that BTC can never go down because people want it to go up without pause are going to get crushed.

Big volume...smells like either forced sellout or a huge player going on the other side short.

I sold alts for btc, back to alts, bought some USDT, back to btc, back into alts, stared at screens for 2 days, have a few years experience now.... 

And lost six figures today. 

I believe we’ll see bitcoin $100,000+ this year and have an absolutely insane alt season... or two. 

I’m selling then, not now. So this is the kind of stuff you have to take on the chin in crypto. There will probably be 2 or 3 dumps like this on the way up this year. 

The action on the exchanges was wild. 

Still could be more downside. This $30k support seems weak and not getting the bounce I would have thought after that capitulation. 

We’ll see how tomorrow looks.