Cryptocurrencies - General Discussion

Bitcoin is "on sale" at the moment, hope everyone is buying the dip?

Just beginning to learn a little about crypto. But think missed the dip, dropped to 360k from 850k after musk "crashed it", staying steady at 600k now...and with musk maybe selling the 1.5bil of Bitcoin he has, dont u think it may crash again? Or u see it bouncing back over the next few days?

I don't think musk is going to sell, I think he may have bought more.

Personally I think he knows what he's doing. Soon he'll endorse again and up the value goes.

These are early days, bitcoin is still cheap and the value will just go up and I think one should look at the long term and not focus on the short term volatility. Bitcoin has many enemies that work full-time to sabotage it, so one should expect the usual market manipulation, fake news, scare tactics, legislative restrictions etc... Eventually they will all fail.

Musk's claim that bitcoin use too much carbon-based energy was for some other hidden motive. Perhaps he wanted to drive down the price so that he can buy more, perhaps Tesla will offer some non-carbon based mining solution or perhaps he is also trying to sabotage cryptocurrencies before they take over. Maybe it's something completely different, but it most certainly is not due to worries over where the energy for mining comes from.

Musk's tweet that started the dip was a good thing, because the noobs had to learn the hard way not to be influenced and become emotional and sell like a bunch of idiots. This will hopefully teach people not to fall for similar manipulation tactics in the future. If he does sell his $1.5bn worth of bitcoin that will also be a good thing, because supply is limited and the last thing we need is for the rich to hoard large amounts of bitcoin.

And what's your thoughts on some of the other cryptocurrencies?

Definitely time to buy in, but wouldn't go all in just yet. 50% in around here at $35000-$36000. I think it's going to go lower after the next bounce up. I wouldn't recommend buying any other crypto right now besides Bitcoin and Ethereum with BTC dominance rebounding. But I did buy some Solana on the dip with the Coinbase Pro listing pump coming on Monday and some more Cardano for long term hold. That will suffer though if Bitcoin dumps below $30K.

I learned some painful lessons in 2018's crash about

Note that when I say definitely time buy, I mean if you are prepared to hold if it still dumps hard and gets scary. It will always bounce back with great returns if you're patient. Crypto is the future of money but it's still in it's infancy with a lot of growing pains to come.

Bitcoin is the fastest growing and most successful technology ever created. There is no better asset for wealth storage, nothing else even comes close.

admin wrote: Bitcoin is the fastest growing and most successful technology ever created. There is no better asset for wealth storage, nothing else even comes close.

100%. It is too brilliant to fail. It's going to be funny when we see this thread in a few years time, and remember how almost nobody wanted to buy it when it was 'cheap' at $30K.

ADA FTW! I’m so glad I got in early. I’m just holding it in Yoroi for a few years, hopefully it makes me rich one day I’m also going to start buying lots of VET while it’s cheap

Decro wrote: ADA FTW! I’m so glad I got in early. I’m just holding it in Yoroi for a few years, hopefully it makes me rich one day I’m also going to start buying lots of VET while it’s cheap

This ADA pump was well overdue. Should see some great gains with smart contracts being launched next month. Got in at $0.70 in Feb which seemed crazy risky at the time considering I bought some last Jan for $0.03 and sold it at 0.06c. My biggest holdings after BTC and ETH.

A have a small long term investment of VET that I got cheap, considering they're working with the Chinese government and have partnerships with big corporates like PWC and BMW. VET will have it's day

Which platform do you guys use?

DR.DEATH wrote: Which platform do you guys use?

Binance mostly, and a Ledger Nano wallet for holding my Bitcoin and Ethereum.

Hi Gents,

I've been into Crypto for a few years now.

I use eToro, with Metamask and Trust Wallet.

Coinmarketcap to watch my tokens and poocoin.app / Binance to trade.

So, take payments in BTC - swap for BNB or something and buy other tokens is my strategy, but I'm also learning everyday.




Any questions I got you.

Check out Sonar Ping and ADAX if you guys into day trading.

To everyone that bought the dip, congratulations!