Bitcoins/Litecoins/Virtual Currencies

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Sanrith Descartes

Sanrith Descartes

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Flobee said:
The sad truth is, alts will inevitably run once BTC starts moving sideways (it always does, and they always do). May or may not happen for TRU. Its not impossible he timed his exit wrong and loses even more on the move. L1s broadly are up around 20x since I first started paying attention. Buying an holding long term is IMO the only safe way to make $$$ in this space. Thats not to say that buying and holding right NOW is a smart move if your timeframe is less than multiple years. I'd say it probably still is, but who really knows.

As Sanrith Descartes Sanrith Descartes always says "pigs get fat and hogs get slaughtered"

Granted, he'd probably think I'm dumb for holding through market cycles in this space
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Not at all if you are holding for the long term. If you look at BTC the way I look at MSFT you will be HODL.
 
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Rajaah

Rajaah

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Daezuel said:
Wait until gas fees are low before using uniswap?
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I checked in a few times and it was wobbling between $55 and $140 throughout the day. Eventually I just wanted to get the transaction done. At one point the day before I saw a $400 something fee on there. My fees were 70/75/125 IIRC. There should be a neon sign on there telling people to raise slippage before every swap or else they'll fail. I also went with Fast on the last one, again, to just get it done and never look at Uniswap again.

Arden said:
Just don't get priced out.
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That's a concern, we'll see. When things are bad, people wonder if they'll ever go back up. When things are good, people wonder if they'll ever go back down, or if this is the time it'll go to the moon. It's very much a cycle. As long as I don't get greedy and jump back in because it looks like a moon-surge is happening, I can wait.

LachiusTZ said:
Rajaah Rajaah sold, everyone knows what to do
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Action since I sold yesterday and the day before:
MATIC: 1.51 -> 1.51
VET: .1235 -> .1314
TrueBit: .33 -> .3123

Aside from VET finally doing something, no big bounce immediately after I sold, though one could happen later that'll make me mad. I think there's something to be said for the prediction that alts are gonna run once BTC goes horizontal, but I think it's more likely that alts will go down (on a delay) when BTC does. So we'll see a brief run some time soon, then an overall decline, maybe.

All I know for sure is that BTC and ETH are the way to go, especially ETH. If I could go back to January and do it over again I'd just go all-in with ETH and never bother fooling with it. It consistently has the ability to run against everything else when the chips are down.

Edit: Polygon in a mini-slump after gaining a few cents this morning, gonna put some back into that in case we get that alt-run Flobee Flobee predicted. Still looking for a lower entry point long-term. Also Solana went from 1.71 to 1.87 since yesterday when I mulled over doing a short-term swing trade there, currently against the current of everything else.
 
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Rangoth

Rangoth

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Los_Necros said:
btc dropped to 8k on binance from a 575 btc sell order.
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Can 100% confirm and will post screens tomorrow if people want. I only know because this is the 3rd time crypto did this so i keep super low buy orders always because why not…

Mine filled at 40k(ish) and of course i wake up find my BTC,ETH, and XLM buy orders all hit super low. Instant profit as the price bounced back. I was only sad because my order filled at 40k and not 8k. But profit is profit.

I swing the main coins all the time and honestly, i suck at it, i never get the timing right but everytime i think im bag holding i just wait 1 month and im clear again. This has been great for me.
 
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Rangoth

Rangoth

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Ss
 

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Rajaah

Rajaah

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MATIC running for me here. I opted back in earlier as I was thinking about before. Went back in at 1.51 (also what I sold at) with the same funds plus TrueBit's moved-over funds. 1.57 now, been slow and steady since the Europe market woke up. Gonna keep watching this like a hawk. Up about $400 for the night so far. Only question is, sell before I go to sleep, or leave it in going into the weekend and see if it spikes Saturday night. Higher risk, higher reward.

Edit: Sell order set for 1.65. Too high? Too low? Time will tell. Let's goooooo
 
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Lambourne

Lambourne

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Rangoth said:
Ss
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I had this happen to me a while back, got stopped out of a trade that was up around 30% because of it. Stop losses are market sells so my stop actually filled below my entry price. The cause is the order book for a certain currency pair on one exchange only being so big, so one huge market order can flash crash the price, triggering stops and potentially liquidating leveraged longs, pushing the price down even more. If you know the exact order in which these trades will execute, you can make a lot of money.
 
Rajaah

Rajaah

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Let's go MATIC!

Right now things are stalled. Checking for a spike mid-day on a weekday is a pointless thing to do though.

Edit: MATIC finally back down to 1.51...maybe I should have seized the 1.58 last night and called it a day. Noticed it bounced upward off of 1.50 pretty hard this morning, so that may be the current, temporary floor. Still hoping for 1.65 over the weekend. WE SHALL SEE.
 
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Haus

Haus

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Rajaah said:
View attachment 378480
Pump, damn you!

Anyone have some cialis?
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Now, as someone who has a decently large bag of $MATIC I am hoping for a huge pump as much as anybody. But realistically isn't it counterintuitive for MATIC to go up in price? The whole point of it and Polygon is to act as an l2 with super low transaction fees. If it goes up in price then the associated spend you use for transactions also goes up.
 
Rajaah

Rajaah

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Haus said:
Now, as someone who has a decently large bag of $MATIC I am hoping for a huge pump as much as anybody. But realistically isn't it counterintuitive for MATIC to go up in price? The whole point of it and Polygon is to act as an l2 with super low transaction fees. If it goes up in price then the associated spend you use for transactions also goes up.
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Interesting question, I'd also like to know more about this. Obviously I'm just going for the pump so I can buy more of it later. However I'd probably rank MATIC #3 in the crypto-sphere because of the point in question, it has a solid use.

Things are still just totally flat on the MATIC front. I might abandon my hopes for a weekend alt run to play it safe.
 
Haus

Haus

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Rajaah said:
Interesting question, I'd also like to know more about this. Obviously I'm just going for the pump so I can buy more of it later. However I'd probably rank MATIC #3 in the crypto-sphere because of the point in question, it has a solid use.

Things are still just totally flat on the MATIC front. I might abandon my hopes for a weekend alt run to play it safe.
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Well this also speaks to a question involving all of Crypto as the space evolves.

What is the real justification for price valuation of any Crypto? $MATIC has a solid use case, an established platform, and in crypto time frames has been around a good while now. What if this is just the really "baked in" value for MATIC?

That said we're still in an era where completely irrational hype cycles cause coins that literally have no functional use case at all to spike. So is it a good thing, or a bad thing that valid usable things like $MATIC are more immune?

I say all this while still the whole market still seems to pretty much move in unison. Everything outside BTC and ETH seems to, in my estimation mostly most in concert with a very few outliers "pumping and dumping"
 
Arden

Arden

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Haus said:
Well this also speaks to a question involving all of Crypto as the space evolves.

What is the real justification for price valuation of any Crypto? $MATIC has a solid use case, an established platform, and in crypto time frames has been around a good while now. What if this is just the really "baked in" value for MATIC?

That said we're still in an era where completely irrational hype cycles cause coins that literally have no functional use case at all to spike. So is it a good thing, or a bad thing that valid usable things like $MATIC are more immune?

I say all this while still the whole market still seems to pretty much move in unison. Everything outside BTC and ETH seems to, in my estimation mostly most in concert with a very few outliers "pumping and dumping"
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That's a good question, but keep in mind you are using the word "price" in relation to USD. That makes sense now while crypto is still in its infancy, but once you start shifting your mentality to a world where crypto has value outside of it's price in relation to USD, it changes the equation. Once you do that, then it's pretty easy to imagine that the price of crypto in relation to the US dollar could potentially increase infinitely.

Edit: speaking of shifting paradigms
 
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