OT any of you investing in Cryptocurrencies?

BKAY · Post #1601 » by **BKAY** » Sat Feb 20, 2021 6:35 pm

only things that matters are BTC and ETH....told you guys this years ago and the same remains true. Buy and HODL!

Post #1602 » by **Stannis** » Sat Feb 20, 2021 6:46 pm

NYKinMIA wrote:DOT on a prodigious climb!

Too late to jump on or should we expect a dip?

I'm no expert. Maybe Garbagelo can chime in.

I'm a little wary because it's moving with all these other alt coins. Seems like everything is popping a lot. ADA, UNI, KCS etc.

Never a bad idea to take profits on big runs like this.

HarthorneWingo · Post #1603 » by **HarthorneWingo** » Sun Feb 21, 2021 1:24 am

So where we all going out to dinner and who's paying?

Garbagelo · Post #1604 » by **Garbagelo** » Sun Feb 21, 2021 3:55 am

Stannis wrote:
NYKinMIA wrote:DOT on a prodigious climb!

Too late to jump on or should we expect a dip?

I'm no expert. Maybe Garbagelo can chime in.

I'm a little wary because it's moving with all these other alt coins. Seems like everything is popping a lot. ADA, UNI, KCS etc.

Never a bad idea to take profits on big runs like this.

every bull run is different but there will be scary dips on the way

i tend to take profits on the way up for my own sanity no matter what it is (except bitcoin)

then I'll buy more on a scary dump

Garbagelo · Post #1605 » by **Garbagelo** » Sun Feb 21, 2021 4:03 am

NYKinMIA wrote:DOT on a prodigious climb!

Too late to jump on or should we expect a dip?

My rule when buying at all time high is expect to lose everything you put in so don't put in too much

HarthorneWingo · Post #1606 » by **HarthorneWingo** » Sun Feb 21, 2021 4:15 am

Garbagelo wrote:
NYKinMIA wrote:DOT on a prodigious climb!

Too late to jump on or should we expect a dip?

My rule when buying at all time high is expect to lose everything you put in so don't put in too much

Then sell?

ZKnicks · Post #1607 » by **ZKnicks** » Sun Feb 21, 2021 4:35 am

Stannis wrote:
NYKinMIA wrote:DOT on a prodigious climb!

Too late to jump on or should we expect a dip?

I'm no expert. Maybe Garbagelo can chime in.

I'm a little wary because it's moving with all these other alt coins. Seems like everything is popping a lot. ADA, UNI, KCS etc.

Never a bad idea to take profits on big runs like this.

I still think DOT has room to grow but it won’t be quite as dramatic. I got in for mid single digits so I’m pretty damn happy with how it’s doing.
Got in link and uni at around the same entry.
I’m becoming more and more confident in Hathor and Noia and their potential to hit crazy multiples. VRA is intriguing, especially with 36.5% interest staking in their wallet, and I will continue to tell everyone I can about Telcoin as I have been since this thread started years ago.
Only up 1,850% ytd.

Don’t get me wrong, I held for 3 long and painful years with no growth but it is finally going live and still has another 20x or more to go minimum.
As always do your own research and don’t just listen to a stranger on a Knicks forum :wink:

Post #1608 » by **Stannis** » Sun Feb 21, 2021 6:11 pm

The amount of chips and power required to mine Bitcoin is what worries me. You think there will be some regulations that attack bitcoin for those reasons?

NYKinMIA · Post #1609 » by **NYKinMIA** » Sun Feb 21, 2021 8:12 pm

Stannis wrote:The amount of chips and power required to mine Bitcoin is what worries me. You think there will be some regulations that attack bitcoin for those reasons?

Good question. I've been wondering about this myself.

So, right now I'm hodling BTC of course, but dipped into TEL, ADA, & DOT, modest amounts that won't hurt too much if lost.
Kind of curious of what you guys think has the most room for growth out of those three?

As always, great stuff here and opinions are greatly appreciated.
Long live Bitcoin!!! :lol:

NYKinMIA · Post #1610 » by **NYKinMIA** » Sun Feb 21, 2021 8:14 pm

Garbagelo wrote:
NYKinMIA wrote:DOT on a prodigious climb!

Too late to jump on or should we expect a dip?

My rule when buying at all time high is expect to lose everything you put in so don't put in too much

removed my and1 by accident. sorry man :lol:

Post #1611 » by **Stannis** » Mon Feb 22, 2021 2:24 pm

Wow. What a dip by DOT. I'll be loading up on this.

BTC and ETH with a little dip.

Post #1612 » by **Stannis** » Mon Feb 22, 2021 3:04 pm

What the hell was that with DOT? It dropped to 13 bucks for like 5 minutes and it's back in the green again.

Post #1613 » by **Stannis** » Mon Feb 22, 2021 10:23 pm

Was anyone even able to buy that 5 minute dip?

Post #1614 » by **Stannis** » Mon Feb 22, 2021 10:33 pm

Yellen not liking Crypto:

https://www.cnbc.com/2021/02/22/yellen-sounds-warning-about-extremely-inefficient-bitcoin.html

And apparently they are thinking about rolling out their government digital currency.

Maybe I'm just dumb, but isn't our USD practically digital anyways? Yellen says she wants to offer people a more efficient way to send digital payments. But we literally already do that with USD and our banks?

And don't people like Bitcoin and Crypto because it's not made by the government? Seems like using a "Government Crypto" defeats the purpose of Crypto.

knickfan · Post #1615 » by **knickfan** » Mon Feb 22, 2021 10:46 pm

Stannis wrote:Yellen not liking Crypto:

https://www.cnbc.com/2021/02/22/yellen-sounds-warning-about-extremely-inefficient-bitcoin.html

And apparently they are thinking about rolling out their government digital currency.

Maybe I'm just dumb, but isn't our USD practically digital anyways? And don't people like Bitcoin and Crypto because it's not made by the government? Seems like using a "Government Crypto" defeats the purpose of Crypto.

I'm with you on that line of thinking. That's literally the main point, no govt, just let the people handle it.

Also I wish I was aware of that DOT dip. Are you guys having any sort of triggers when prices drop a certain amount?

Post #1616 » by **Stannis** » Mon Feb 22, 2021 10:51 pm

knickfan wrote:
Stannis wrote:Yellen not liking Crypto:

https://www.cnbc.com/2021/02/22/yellen-sounds-warning-about-extremely-inefficient-bitcoin.html

And apparently they are thinking about rolling out their government digital currency.

Maybe I'm just dumb, but isn't our USD practically digital anyways? And don't people like Bitcoin and Crypto because it's not made by the government? Seems like using a "Government Crypto" defeats the purpose of Crypto.

I'm with you on that line of thinking. That's literally the main point, no govt, just let the people handle it.

Also I wish I was aware of that DOT dip. Are you guys having any sort of triggers when prices drop a certain amount?

I'm still reading on it. Most people think it was manipulation or a glitch. And none of the retail guys I spoke to were able to buy the dip even though they tried. None of their orders went through.

Garbagelo · Post #1617 » by **Garbagelo** » Mon Feb 22, 2021 11:26 pm

The big dips always happen when I am sleeping lol

Grinditout · Post #1618 » by **Grinditout** » Tue Feb 23, 2021 1:44 am

I bought the dip but then it dipped more lol. Nice little sale, perhaps another dip in March. Historically those two months have seen red.

knickfan · Post #1619 » by **knickfan** » Tue Feb 23, 2021 2:14 am

Damn, lucky you buying the dip. Apparently it was some network issue on Kraken that allowed a few others to dip as well, ETH dropped to below $700 during that time.

Post #1620 » by **Stannis** » Tue Feb 23, 2021 2:37 am

knickfan wrote:Damn, lucky you buying the dip. Apparently it was some network issue on Kraken that allowed a few others to dip as well, ETH dropped to below $700 during that time.

People on Kraken are PISSED. Apparently there was some glitch. The price drops were pretty bad.

ETH dropped well below 1k on Kraken. But Coinbase says it only went as low as 1500