Arden
Blackwing Lair Raider
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Yes, I posted back in March this was going to happen, and it's one of the reasons I chose ETH to win out long term.
Elon just fucked BTC again. Get ready for another drop
Bitcoins/Litecoins/Virtual Currencies
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Elon just fucked BTC again. Get ready for another drop
Arden
Blackwing Lair Raider
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Posted that back on March 19. People get caught up in debating whether BTC's reputation for being "bad for the environment" is true or not. If the reputation sticks, it doesn't really matter if it's true or not (from an investor's standpoint).
Rajaah
Honorable Member
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Good move, I also dropped MATIC today when I saw everything trending downwards. Could have made a lot more by dropping it sooner obviously but I got out at like $1.53 and it kept going down. Not sure when to buy back in since it usually has a high floor, but today everything's getting pummeled.
Edit: Looks like it's already yo-yoing back up to where I sold. So much for the "good move" part. I guess we'll see how the day plays out. It's certainly exciting.
I left Eth alone because I'm surprised to see it even dip to begin with. It's so dip-resistant usually. Since I'm not selling it, question is when to buy more of it. It's at $3300 now. I love how I did my big Eth buy-in at $4000. Great stuff. I'm sure it'll recover and go way beyond that.
Haven't been keeping up on the news, what's causing this drop? Binance investigation?
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Sanrith Descartes
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Sanrith Descartes
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Just follow Rajaah's posts and do the opposite. Tendies guaranteed.
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Sanrith Descartes
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Arden
Blackwing Lair Raider
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The "all time" BTC bottom? No... I meant the bottom of this most recent dip that started with the Tesla announcement. My take is that ETH is going to eventually flip BTC, therefore BTC will drop quite a bit more as whales migrate from BTC to ETH. BUT I also think we see a BTC resurgence after that happens, as BTC becomes more rare and transitions into a crypto collectors item. Long story short- both BTC and ETH will eventually be worth a great deal more than they are currently worth, but most people will paperhands before that happens.
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Sanrith Descartes
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Not to wish ill on any of my crypto bros, but I really hope all this crypto cash gets pumped back into /wsb meme stocks. Its gotta go someplace, amirite?
Jysin
Ahn'Qiraj Raider
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Lanx
<Prior Amod>
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ok... so in all this reading of figuring out why elon is an asshole against bitcoin,
it seems tesla doesn't even make much profit from their shitty cars, but they create and buy up all the carbon credits (there is another name for it, but its easier for me this term)
and theyre gonna be in a pinch b/c now real car companies are going to be "carbon neutral" or they wont be in a carbon deficit, so they won't have to buy carbon credits as much
www.cnbc.com
insideevs.com
www.carscoops.com
www.autoweek.com
fortune.com
man, this is why i don't want to kinda do this, cuz i'll autistic deep dive...
but oh well i made a eth purchase in coinbase cuz
Rajaah
is the equivolent of a bad luck stick i'm guessing?
sure why not
it seems tesla doesn't even make much profit from their shitty cars, but they create and buy up all the carbon credits (there is another name for it, but its easier for me this term)
and theyre gonna be in a pinch b/c now real car companies are going to be "carbon neutral" or they wont be in a carbon deficit, so they won't have to buy carbon credits as much
Tesla's sale of environmental credits help drive to profitability
Tesla expects revenue from sales of regulatory credits to double in 2020, surpassing $1 billion, but to decline after that.
Tesla Earned $428 Million With Carbon Credits In Q2 2020: Why That's Bad
Tesla earned $428 million with “regulatory credits”, which means it would not have “a positive free cash flow” without legacy automakers to help.
insideevs.com
Tesla's Profits Aren't From Selling Cars, But Are Financed By Rivals | Carscoops
Selling greenhouse credits to rival manufacturers brought Tesla $1.6 billion in 2020
www.carscoops.com
Tesla Made a Mountain of Money Selling Credits and Bitcoin (Not So Much in Cars)
Tesla made more money selling emissions credits and bitcoin than selling cars in the first quarter of 2021. Here's how that works.
Tesla stands to lose lucrative business selling CO2 credits to Fiat Chrysler successor Stellantis
Stellantis said it expects to be carbon compliant in Europe this year with the help of new partially or fully electric vehicle models.
man, this is why i don't want to kinda do this, cuz i'll autistic deep dive...
but oh well i made a eth purchase in coinbase cuz
Rajaah
is the equivolent of a bad luck stick i'm guessing?sure why not
Caliane
Avatar of War Slayer
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I.. yeah. I would have held off a bit. we look like we are in a slide.
maybe have split my intended invest up 3 ways. put in a buy at 3300, another at 3000, and one at 2800. then wait a week. any that don't hit, just buy in then at whatever the price is.
coinbase is fine. nice and easy. esp for new users. I use it still, and would recommend it first mostly. however, did you use coinbase pro? its cheaper.. and you get an account via it with your regular coinbase one.
maybe have split my intended invest up 3 ways. put in a buy at 3300, another at 3000, and one at 2800. then wait a week. any that don't hit, just buy in then at whatever the price is.
coinbase is fine. nice and easy. esp for new users. I use it still, and would recommend it first mostly. however, did you use coinbase pro? its cheaper.. and you get an account via it with your regular coinbase one.
swayze22
Elite
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Not that there aren't a couple worth it but overall I lost my faith between celebs, the shorts, and people like Chamath who started 45 of them.
I believe more in magic internet coins that go up and down for no reason than stuff like this valued at $2.3b:
Scooter Startup Bird to Merge With SPAC at $2.3 Billion Value
(Bloomberg) -- Bird Rides Inc. will go public by merging with a blank-check company, securing a new source of capital after venture capitalists largely lost interest in money-losing scooter rental startups.A special purpose acquisition company called Switchback II Corp. will take Bird public and...
Literally every coin is down on the 24h except maybe a few around +<1% hehe
Rajaah
Honorable Member
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After watching it flutter around 1.52-1.54 for a while, I bought back into MATIC at 1 cent lower than I sold at (1.52)...then it immediately dropped another two cents in the span of literally one minute, to 1.50. lul. Rebounded to 1.52 now. The market is batshit today, I guess because people are home instead of working and have nothing to do...
I'm just gonna avoid looking at it for the rest of the day after that immediate two cent drop debacle. We joke about bad luck and then something like that happens and I turn into that ??? meme IRL. Hopefully we get a nice rebound this week after people have a chance to do some more buy-ins at a discount. The current Eth price is a steal.
I'm just gonna avoid looking at it for the rest of the day after that immediate two cent drop debacle. We joke about bad luck and then something like that happens and I turn into that ??? meme IRL. Hopefully we get a nice rebound this week after people have a chance to do some more buy-ins at a discount. The current Eth price is a steal.
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