Crypto thread

$10,875 

Every chart analyst in the world has their eyes on this BTC breakout — believe that 

Let’s go detox 

BTC $11,300 

Lost a little in Tezos and Kyber Network (still up in both overall) but this more than makes up for it. I sold at about 10K a bitcoin before the corona panic,  bought back 200% of my investment at about 4K a bitcoin plus pocketed a cash profit. God is great and so is America!

Cardano’s mainnet is being launched tomorrow. Should lead to a Coinbase listing later in the week. 

Wallstreet, 

what are your thoughts on these DeFi projects? Would be curious to hear what you think of this white paper. 

https://terra.money

Challenge update: 

S&P 500 2,762/3,218 (+16.5%)

BTC 8,500/11,100 (+30.5%)

KODK halted again, now $31.90, was $60 ten minutes ago

Too much volatility in the traditional stock market... I don’t know how you guys do it. 

10.7 BTC $119,305 

205 ETH $69,495 

200,000 ADA $28,200 

8,333 XTZ $23,500 

$240,500 

People will think they missed the boat. Remember ADA hit $1.10 (currently $0.14) in 2017 with no working product.

ETH hit $1,400  

BTC hit $20,000 

ICX hit $12 (currently $0.37) 

WAN hit $9 (currently $0.27) 

WTC hit $40 (currently $0.43) 

BTC was $730 in Nov 2016, by Dec 2017 it was $20,000 

The number of Bitcoin accounts with more than $1 million in Bitcoin has grown 40% in the last week.

https://decrypt.co/37204/huge-growth-in-bitcoin-whales-after-price-rally-to-11000

ETH $342 

After Halving 1, it took Bitcoin 8 weeks to break out into a new bull trend

After Halving 2, it took Bitcoin 12 weeks to break out into a new bull trend

After Halving 3, it took Bitcoin 10 weeks to break out into a new bull trend

BTC $11,700 

ETH $370

What's your take on Zcash? I have no background on it. Plan on research but was curious as to if you had sny info.

It’s allegedly a privacy coin. 

Not as good at privacy as Monero. 

Zcash has some big name investors — I think it’s one of the winklevoss’ big investments and listed on their exchange Gemini. 

Its pumping right now (+22% on the day). 

I think it will do well in the big picture. It’s just breaking out of a long down trend. 

@zooko is the founder 

BTC $11,900 

ETH $400 

The dreaded red dildo 

Good stuff! I moved some currency around and threw some into Z before having a chance to really dig into it, which is unwise.

Things I have learned the hard way 

1. Never chase a pump 

2. Don’t listen to YouTube crypto. They’re mostly idiots. They’ll mix good information in with things they’re being paid to promote. 

3. You don’t want to invest in a scam. Do some research. 

4. Pick 3-5 horses 

5. Don’t get impatient and sell a crypto that hasn’t moved for one that has already had a significant pump 

6. Your 3-5 horses should be something like this — BTC and/or ETH, a top 20 project, a top 50 project, and a small cap. Example — I currently have BTC, ETH, ADA, Tezos and Coti. 

7. If your crypto pumps, don’t sell the entire bag. Sell 40% and move it into one of your bags that hasn’t pumped yet. Or sell 40% into Tether and buy the next dip. 

8. Don’t use coinbase to trade. Only use coinbase as an on-ramp from fiat to crypto and their wallets. If you’re going to trade, send crypto to another exchange, trade there and then send it back to coinbase. 

9. Never join a paid group or any of that nonsense 

There’s a ton of information out there. The hardest part is knowing what’s good info and what’s bad. Here’s a few accounts on Twitter with good info 

@rektcapital @secretsofcrypto @woonomic @barrysilbert @venturecoinist @TuurDemeester @crypto_birb @APompliano

Nice to see Portnoy inviting the Winklevoss twins over to show him how to buy Bitcoin 

“I want to own all of the Bitcoins” 

He has a pretty big following. I’d say that’s bullish. 

Cardano 0.1433 

Bitcoin 11,220 

Gold 2,020 

— — — 

Dow Jones 26,770 

SPY 329.25 

Square has purchased $1.5B $BTC over the last 12 months to meet retail demand for @CashApp purchasers

COTI $0.05