Crypto thread

BTC on the move 

A few alts are pumping 

YFI and YFII looking strong 

Looks to be tied to the traditional markets again 

Sushi chef ran off with a total of 38k eth lol 

BREAKING NEWS:

Sushi Chef (@NomiChef) apologizes and allegedly returned $14,000,000 worth of ETH back to the treasury  

DOT

ADA

ATOM

TOMO

COTI 

Thinking about just going all in on DOT tbh 

MicroStrategy Founder and CEO: 

On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.

Average cost per BTC for Micro Strategy is $11,111

YFI $41,400 

I’ve been impressed by this price movement 

Alts looking weak 

Back into BTC? 

Will not be surprised if this week marks the beginning of the ascent to new ATH.

Michael Saylor opened the door to every Billionaire and CEO to put Bitcoin on their balance sheet and then went on Pomp’s podcast and gave them the instruction manual.

DXY giving up almost all of its recent gains overnight and this morning. Would long BTC at 10,810 and gold at 1948.70 

Uni airdrops, yield farming — I have no idea what’s going on anymore 

ELI5 

That uni airdrop 

A token minting system is coming to the Polkadot blockchain ecosystem, promising to be a leaner, meaner version of Ethereum’s ERC-20 standard.

$DOT

www.coindesk.com/polkadot-projects-will-be-able-to-mint-their-own-tokens-in-2021

Hey Detox, are you staking anything? 

Pompliano interviewed Michael Saylor, the CEO of MicroStrategy that just bought $425,000,000 worth of Bitcoin 

https://m.youtube.com/watch?v=WrR95PFYDFQ

Yeah DOT, ADA, TOMO and ATOM on KuCoin 

DOT and ADA don’t need to be locked up. You just keep them in the Pool X option and you get daily rewards. 

TOMO you have to lock up. It takes 3 days for them to release it back to you after you ask. 

ATOM you have to lock up. It takes 21 days for them to release it back. 

21 days is too long. I don’t feel comfortable. So I asked for the release about a week ago and will probably sell for DOT once it’s released. 

I was staking ADA during the testnet on their wallet and was also staking TOMO on their wallet. But I came to the conclusion that it’s just easier to do it on the exchange even though you lose a %. 

I’ve been shilling ADA a lot in this thread and after doing a lot of research on Polkadot I think Polkadot will do better than Cardano. 

They’re both PoS. 

Gavin Wood > Charles Hoskinson 

Web3 > IOHK 

Polkadot has attracted many more high quality devs 

Polkadot has a much better looking ecosystem 

Theyll both probably be listed on Coinbase before the end of the year 

Just sold everything for DOT 

I hope $4 support holds 

Risky play but I think it deserves its high market cap. Not sure if ETH 2.0 hurts it or helps it in the future but I do believe that DOT is the real deal. 

Thank you. I have a ton of Cardano;

any idea where Polkadot can be purchased?

You can buy DOT on KuCoin and they offer soft staking rewards. You just transfer the DOT from the “trading” wallet to the “pool-x” wallet and the rewards will hit every morning. 

It’s a risky play. DOT recently flew up the ranks to #6 and they currently have a $3.8B market cap. There’s a chance it could get slaughtered if $4 doesn’t hold. 

Long term I think it’s a beast. 

Dow futures are getting murdered and taking Bitcoin and alts down with it. 

Being in high risk crypto currencies going into this election probably isn’t the smartest thing. But I’m not smart so it suits me. 

Good 7 minute YouTube video with BTC price analysis 

https://www.youtube.com/watch?feature=youtu.be&v=wTeL91XQNDM

Silver getting clobbered -9.10% 

Gold -2.75% 

BTC -4.5% 

Alts are getting destroyed -10% to -20%

Most alts like DOT are hanging on to their support level by a thread. If this support breaks I think it will drop a good amount. 

Be nice if BTC ranged between 9,650 and 10,800 until the end of October before breaking out. Giving alts a chance to run up again. 

Not sure how Joe Biden and his proposal for a 40% capital gains tax plays into all of this.