Crypto-trading thread

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RED AG 98
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12:12p, 5/13/21
AG


Pretty good article on Elon, Tesla, and BTC. Might not agree with all of it but this is a pretty good quote:

Quote:
First, Elon Musk and Tesla did not sell any bitcoin because of these energy concerns. They explicitly stated that they are holding their bitcoin. As I always say, don't listen to what people say. Simply watch what they do with their money. Elon Musk owns billions of dollars of bitcoin across his personal holdings, Tesla, and SpaceX. He isn't selling that bitcoin because of this inaccurate narrative. That should tell you everything you need to know.

Also has a few quotes from Cuban, rebuffs the whole energy aspect in general. And then speculates:

Quote:
This leads us to what exactly could potentially be going on here in regards to Tesla's announcement to stop accepting bitcoin because of energy concerns. My guess is that we are watching the first step in a master stroke of marketing from Elon Musk and the team. Here is what I think is about to happen:
[ol]
  • The company announces that they have energy concerns. (done!)
  • The company creates a bitcoin mining hardware that is based on renewable power and launches it to the mass retailer.
  • The company claims they are helping to push the world to a more renewable energy future, including making bitcoin more environmentally friendly.
    • [/ol]

    Hmm, this latter part I'm not so sure about but I guess we'll see!
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    In4TheHuddle
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    In reply to Jet Black • 12:13p, 5/13/21
    AG
    A realistic price for ADA in this bull run if Bitcoin goes over $100k and ETH is over $10k ADA price should be between $10- $15.

    That is all based on current martketcap ratios and that should be an end of year price. If Cardano executes it's vision perfectly we could see $50-$100 ADA in 5-10years

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    RenoAg
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    In reply to AgEng06 • 1:02p, 5/13/21
    AgEng06 said:
    AgEng06 said:
    txagB2 said:
    I'm telling myself not to buy when a coin is hitting its ATH, and the rest of the market is down significantly, but I may not be able to help it. I really want to put more in ADA.
    Looking at the run-up, you'd think it would drop back in the 1.90-1.95 range soon, maybe lower (if this behaves like a stock). But I'm new to crypto so it may not be the same and just keep running.

    It was at 1.90 an hour ago.
    Taking another stab at this...to me it looks like the past resistance around $1.83 may become the new support. I'm going to try to buy some more around $1.85.


    Just about there right now.
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    mavsfan4ever
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    1:07p, 5/13/21
    AG
    I think I'm going to start dabbling in some Cardano.

    Quick question: Why are people talking about buying Cardano on crypto.com and other sites? From some very quick research it looks like I can buy it on Coinbase. Is that not correct?

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    RED AG 98
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    In reply to mavsfan4ever • 1:08p, 5/13/21
    AG
    That's were I buy it. I think some other exchanges are slightly cheaper but nothing wrong with Coinbase IMO
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    Mostly Foggy Recollection
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    In reply to mavsfan4ever • 1:09p, 5/13/21
    Yeah, I bought it on Voyager because I get monthly interest on having more than 1,000 ADA.

    I also have my LINK and ETH on Voyager for this reason. I believe Gemini does the same.
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    Tomdoss92
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    1:18p, 5/13/21
    AG
    Kraken lets you stake ada as well.
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    XpressAg09
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    In reply to Tomdoss92 • 1:20p, 5/13/21
    AG
    Does Kraken allow for anything other than wire transfers in order to fund accounts?
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    Pookers
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    1:20p, 5/13/21
    AG
    I've bought all my ADA on Uphold, am I not able to stake on Uphold?
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    XXXVII
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    1:42p, 5/13/21
    My preference is to stake on cardano's daedalus app so I am the actual holder of my ADA and not some exchange. I just linked my ledger nano to daedalus and transferred my ADA there.
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    JD Shellnut
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    1:44p, 5/13/21
    AG
    I tried to open a binance us account to buy Ada and one. I'm in Minnesota for the summer, so figured it would not be a problem. But I still have texas driver's license, so I was denied due to it not being a supported state.
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    Jerkin_my_durkin
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    1:52p, 5/13/21
    What's up with the Binance probe?
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    LatinAggie1997
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    In reply to XpressAg09 • 2:16p, 5/13/21
    AG
    XpressAg09 said:
    Does Kraken allow for anything other than wire transfers in order to fund accounts?


    Yes, you can now link bank account on desktop site.
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    Vade281
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    2:27p, 5/13/21
    AG
    https://ca.finance.yahoo.com/news/binance-probed-u-money-laundering-164326959.html

    Markets reacted
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    LatinAggie1997
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    In reply to Jerkin_my_durkin • 3:28p, 5/13/21
    AG
    aggiengeorgia10 said:
    What's up with the Binance probe?


    https://cryptobriefing.com/binance-faces-investigation-from-irs-and-doj/
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    RED AG 98
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    4:17p, 5/13/21
    AG
    Hope you already bought because it looks like Elon has:

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    Decay
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    4:23p, 5/13/21
    AG
    Why don't they just build nuke plants, use 25% of the power to light up huge supercrypto facilities and pay for themselves, and use the rest of the power to replace every other form of inferior energy?

    I just solved global warming in like 5 years.
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    RED AG 98
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    In reply to Decay • 4:27p, 5/13/21
    AG
    This is pretty much aligned with Pomp's argument in the article I linked above. Basically that crypto mining is a force function to find the cheapest energy cost and that will drive energy innovation. He says mostly away from fossil fuel to renewables... I say you aren't serious about GW if you aren't considering nuclear....
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    4:29p, 5/13/21
    LatinAggie1997
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    5:01p, 5/13/21
    AG
    https://cryptobriefing.com/cardano-courts-tesla-ada-hits-all-time-high/
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    Jet Black
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    In reply to RED AG 98 • 5:20p, 5/13/21
    rdunham98 said:
    Hope you already bought because it looks like Elon has:



    So obvious. Should be illegal.
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    Jet Black
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    In reply to LatinAggie1997 • 5:34p, 5/13/21
    LatinAggie1997 said:
    https://cryptobriefing.com/cardano-courts-tesla-ada-hits-all-time-high/
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    #1
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    5:35p, 5/13/21
    It's about time.
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    Pookers
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    In reply to #1 • 5:50p, 5/13/21
    AG
    #1 said:
    It's about time.
    Little late to the meme party I'd say.
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    Richierich2323
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    6:16p, 5/13/21
    What do y'all think about HBAR? I bought some at .22 yesterday.

    Keep or trade into ADA for a long term hold?
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    BCG Disciple
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    6:33p, 5/13/21
    AG
    Got in around lunch today for my first crypto purchases. BTC, BCH and XLM.
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    Chrundle the Great
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    6:59p, 5/13/21
    AG
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    XXXVII
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    In reply to Chrundle the Great • 7:05p, 5/13/21
    Oh FFS
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    Chrundle the Great
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    In reply to XXXVII • 7:06p, 5/13/21
    AG
    "Doge devs" lmao
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    Hendrix
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    7:40p, 5/13/21
    AG
    How does musk get away with his bs? He's not accepting doge coin. Not reliable on balance sheet.
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    7:59p, 5/13/21
    Hendrix
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    In reply to [removed post] • 8:01p, 5/13/21
    AG
    Only a few coins will survive Over the next five years. I think ada is one.
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    RED AG 98
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    In reply to Hendrix • 8:05p, 5/13/21
    AG
    And as Chrundle alludes there are no DOGE devs...

    Seriously no idea what Elon is doing /sarcasm
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    irish pete ag06
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    In reply to [removed post] • 8:20p, 5/13/21
    AG
    ac04 said:
    every time he goes off his meds and starts tweeting he moves billions of dollars, its ridiculous. to be honest i had hoped the market had matured a bit with institutional investors starting to get involved, but we've clearly got a ways to go. perhaps poo coin, ass coin, and cum rocket should have been early warnings.
    hmmm... if we pool our minds together maybe we could make a coin...


    My idea...

    Perineum (short name would be "taints")
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    Pookers
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    8:31p, 5/13/21
    AG
    Damn, looks like ADA isn't going below $1.85 anymore, might have to just jump in with that big purchase soon and let it sit.
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