Big bounce backs?

Very strange that around 10pm almost every coin began a huge dip, and all hit their lowest at 10:35 before rebounding some. Interesting.

Edit: I'm looking at the graphs provided by coinbase

Jesus. I go to dinner and y'all tank my crypto. What did y'all do?

DubFalls said:

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Clearing the path for USDD. And so it begins.

(If true.)

YouBet said:

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AggiEE said:

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It's about time the regulators get involved. Let's hope it all crashes down and we can go back to supplying chips and using energy in ways that are actually useful

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And then when the government pushes their own crypto what will be your response?

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I'll be all for it, it won't have the flaws that some of the most popular coins feature and will have legitimacy and utility

It's no surprise that these sorts of developments will start rolling out over the next decade.

TxAG#2011 said:

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AggiEE said:

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It's about time the regulators get involved. Let's hope it all crashes down and we can go back to supplying chips and using energy in ways that are actually useful

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This is honestly getting pathetic. How long are you gonna keep this up?

Literally begging for the government step end because kids blew your 30-year return out in one year. Very sad.

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A 30 year return in the S&P is significantly more than the 1 year in BTC with far less risk.

Eventually the mania will come to an end and you likely haven't adequately priced regulation into your thesis as the popularity and mania grows so does this risk.

Philip J Fry said:

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You are not disturbed at all that the government would have that kind of power over people?

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No, and I think the transparency into historical transactions will be pretty transformative from an economical and data mining perspective.

But I'm not a criminal trying to hide Ill gotten wealth. YMMV

Philip J Fry said:

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Just naive I guess. The digital dollar is the vehicle for government intrusion into your personal level beyond anything we've ever experienced. No thanks.

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Yet we are all so happy to supply similar data to big tech companies on a regular basis without even blinking an eye.

I'm not some conspiratorial anti-government person though. I see increased transparency into criminality as a good thing.

TxAG#2011 said:

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AggiEE said:

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TxAG#2011 said:

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AggiEE said:

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It's about time the regulators get involved. Let's hope it all crashes down and we can go back to supplying chips and using energy in ways that are actually useful

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This is honestly getting pathetic. How long are you gonna keep this up?

Literally begging for the government step end because kids blew your 30-year return out in one year. Very sad.

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A 30 year return in the S&P is significantly more than the 1 year in BTC with far less risk.

Eventually the mania will come to an end and you likely haven't adequately priced regulation into your thesis as the popularity and mania grows so does this risk.

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Is it? Bitcoin is the best producing asset in an entire decade. You sat by and got 7% returns every year and are now watching kinds get 1000% in a year and are very angry.

What's ultimately pathetic is the majority of the people on this place are now realizing that they may have gotten it wrong, but you aren't even capable of realizing you're wrong on crypto and tesla but keep offering your opinion as if anyone cares.

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Shifting goal posts. I am well aware of the meteoric rise in the last decade of this speculative bubble and fictitious "asset". You claimed 1 year returns. And past results do not predict future returns.

Most people have not earned 1000s of percentages on Bitcoin. Nor did they have the conviction to stake serious money into it. Most people join in on the madness after a large spike in price has already occurred, and likely sell out once it experienced a large crash.

If you are one of the few that got lucky and rode all the waves up and down, congrats on winning the lotto. I don't get jealous over people that manage to get lucky; they also tend to have a very poor understanding of personal finance and will blow through their windfall fairly quickly. The crypto shills will diamond hand this into the dirt before many of them realize how poorly their risk management was.

Many of these crypto whales are pumping and dumping through social media shills with an almost religious fervor. They have influenced many retail investors into the asset class as a Hail Mary YOLO play out of their financially poor situation through anti government conspiracies. Unfortunately it doesn't end well for those that performance chase. The whales are rewarded while rank and file retail does poorly.

I am perfectly content with my 13% annualized returns in a boring index fund this past decade. It's allowed me to reach my goals with a tolerable level of risk; the latter being absolutely crucial to its success. I had the conviction to continue investing all savings into this space and never stressed out about it.

AggiEE said:

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TxAG#2011 said:

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AggiEE said:

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TxAG#2011 said:

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AggiEE said:

---

It's about time the regulators get involved. Let's hope it all crashes down and we can go back to supplying chips and using energy in ways that are actually useful

---

This is honestly getting pathetic. How long are you gonna keep this up?

Literally begging for the government step end because kids blew your 30-year return out in one year. Very sad.

---

A 30 year return in the S&P is significantly more than the 1 year in BTC with far less risk.

Eventually the mania will come to an end and you likely haven't adequately priced regulation into your thesis as the popularity and mania grows so does this risk.

---

Is it? Bitcoin is the best producing asset in an entire decade. You sat by and got 7% returns every year and are now watching kinds get 1000% in a year and are very angry.

What's ultimately pathetic is the majority of the people on this place are now realizing that they may have gotten it wrong, but you aren't even capable of realizing you're wrong on crypto and tesla but keep offering your opinion as if anyone cares.

---

Shifting goal posts. I am well aware of the meteoric rise in the last decade of this speculative bubble and fictitious "asset". You claimed 1 year returns. And past results do not predict future returns.

Most people have not earned 1000s of percentages on Bitcoin. Nor did they have the conviction to stake serious money into it. Most people join in on the madness after a large spike in price has already occurred, and likely sell out once it experienced a large crash.

If you are one of the few that got lucky and rode all the waves up and down, congrats on winning the lotto. I don't get jealous over people that manage to get lucky; they also tend to have a very poor understanding of personal finance and will blow through their windfall fairly quickly. The crypto shills will diamond hand this into the dirt before many of them realize how poorly their risk management was.

Many of these crypto whales are pumping and dumping through social media shills with an almost religious fervor. They have influenced many retail investors into the asset class as a Hail Mary YOLO play out of their financially poor situation through anti government conspiracies. Unfortunately it doesn't end well for those that performance chase. The whales are rewarded while rank and file retail does poorly.

I am perfectly content with my 13% annualized returns in a boring index fund this past decade. It's allowed me to reach my goals with a tolerable level of risk; the latter being absolutely crucial to its success. I had the conviction to continue investing all savings into this space and never stressed out about it.

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Prove it.

Kampfers said:

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https://imgur.com/aCxGOlc

What.

Out of nowhere.

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Back to the actual topic at hand...

I think I've ascertained why nano made this move. It was also one of the only coins that didn't turn red during the BTC correction last night, and is currently pushing $14.

A Korean exchange (Huboi) had a massive buy order for nano at $99. Why? No one can really figure it out. Fat fingers? A glitch? But that seems to be what caused the price spike (as people bought off other exchanges to try and capitalize on the difference). Because of the ongoing spam attack against nano (which v22 should resolve, once deployed in the next week or so), a number of major exchanges have locked deposits and withdrawals for the coin. So when the price spiked, most people were unable to take advantage and take profits, as their nano was held off exchange (only ~33% of nano is currently held on exchanges). This has made arbitrage difficult and you have varied nano prices across exchanges at the moment, with Asian exchanges still showing a significant premium. In the meantime, the price has continued rise, likely on the momentum of being the only positive coin during last night's dip.

I'm all for the pump, but I expect a correction after v22 drops when exchanges like binance restore deposit/withdrawal functionality.

I did some profit taking with the coins I had locked into uphold. Still holding the rest of my nano in my natrium wallet until this thing really blows up.

Solana kicking ass and taking names during this little reversal...

Having spent time reading on /biz in 2019, Im convinced most crypto short term price movement is controlled by whales, even Bitcoin.

I think there is good uses for the technology and for blockchain currency, but it's still a space full of sharks. I think hodling and not trading is the better strategy, not too much though because the potential for a complete crypto bubble and crash is there. I would keep exposure to a tiny percentage of a portfolio if you have capital to preserve.

Remarkable strength from Link. Think it's gonna have a good couple months

TxAG#2011 said:

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Remarkable strength from Link. Think it's gonna have a good couple months

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How high do people think LINK will go this year?

It's a solid coin, and is likely to keep doing well, but you'll pay an arm and a leg in gas fees anytime you try and move it.