ImageImageImageImageImage

OT any of you investing in Cryptocurrencies?

Moderators: K-DOT, Deeeez Knicks, Capn'O, Thugger HBC, j4remi, Jeff Van Gully, mrpoetryNmotion, mpharris36, NoLayupRule, King of Canada, GONYK

User avatar
Garbagelo
Starter
Posts: 2,332
And1: 2,530
Joined: Jul 17, 2015

Re: OT any of you investing in Cryptocurrencies? 

Post#1621 » by Garbagelo » Tue Feb 23, 2021 3:17 am

crypto will consistently have massive dips as long as mercurial whales hold a large amount of coins

it isn't until we have a large number of institutional investors that the volatility will be lower
frothbrain
Analyst
Posts: 3,381
And1: 1,430
Joined: Dec 04, 2011

Re: OT any of you investing in Cryptocurrencies? 

Post#1622 » by frothbrain » Tue Feb 23, 2021 4:11 am

crypto has a future but it's not btc and eth.

Writing is on the wall if you've been listening to what Big Democrat voices like Yellen and Gates have been saying.
User avatar
Stannis
Retired Mod
Retired Mod
Posts: 13,014
And1: 5,679
Joined: Dec 05, 2011
Location: United States of Space
       

Re: OT any of you investing in Cryptocurrencies? 

Post#1623 » by Stannis » Tue Feb 23, 2021 10:50 am

KSM holding well
I believe he wasn't educated on the situation. Many people could have been harmed not only financially, physically, emotionally, spiritually. We do have freedom of speech, but there can be a lot of negative that comes with that

- LBJ on Morey + Hong Kong
Grinditout
General Manager
Posts: 9,896
And1: 1,495
Joined: Aug 04, 2006

Re: OT any of you investing in Cryptocurrencies? 

Post#1624 » by Grinditout » Tue Feb 23, 2021 1:11 pm

Buy the dip my dudes, you make money when there is blood in the water. Wish I had more reserved to buy the bigger dip today lol.
User avatar
Starks
Veteran
Posts: 2,903
And1: 389
Joined: Jun 20, 2003

Re: OT any of you investing in Cryptocurrencies? 

Post#1625 » by Starks » Tue Feb 23, 2021 1:42 pm

Bought a couple hundreds DOGE a few days ago just for fun, and BNB because I think it'll steadily grow over the coming months.

But I stupidly bought CRO yesterday right after they burnt 70 billion tokens and it skyrocketed. Obviously buying it at this moment was a dumb idea but the crazy increase got me.
User avatar
Stannis
Retired Mod
Retired Mod
Posts: 13,014
And1: 5,679
Joined: Dec 05, 2011
Location: United States of Space
       

Re: OT any of you investing in Cryptocurrencies? 

Post#1626 » by Stannis » Tue Feb 23, 2021 2:10 pm

Grinditout wrote:Buy the dip my dudes, you make money when there is blood in the water. Wish I had more reserved to buy the bigger dip today lol.

Is falling from 60k to 50k that huge of a dip to buy more though? It was just 10k in September. Everyone should still be sitting pretty unless you went all in at the top.

I'm still just DCAing which is 200 bucks a week in BTC, 200 in ETH, and 100 in DOT. It's not much, but what I can afford and be comfortable with lol. If it for some reason goes below 10k, that's when I will splurge.

Only thing that worries me is power consumption and hardware required to mine BTC and other Crypto. I'm afraid this administration will enforce some kind of tax or maybe even some laws. Politicians have been in big oil and other toxic sectors for the longest time, now they have their scapegoat (Crypto) to shift the carbon-footprint blame on.
I believe he wasn't educated on the situation. Many people could have been harmed not only financially, physically, emotionally, spiritually. We do have freedom of speech, but there can be a lot of negative that comes with that

- LBJ on Morey + Hong Kong
User avatar
robillionaire
RealGM
Posts: 18,663
And1: 21,477
Joined: Jul 12, 2015
Location: Asheville
     

Re: OT any of you investing in Cryptocurrencies? 

Post#1627 » by robillionaire » Tue Feb 23, 2021 3:29 pm

Grinditout wrote:Buy the dip my dudes, you make money when there is blood in the water. Wish I had more reserved to buy the bigger dip today lol.


This is not “blood in the water” Blood in the water was back on page 70-71 of this thread and the posts in late 2018 with 7 month gaps between posts. You’ll know what blood in the water is when you can’t find this thread anymore and people in states of euphoria are no longer advising to buy dips :lol:
User avatar
Stannis
Retired Mod
Retired Mod
Posts: 13,014
And1: 5,679
Joined: Dec 05, 2011
Location: United States of Space
       

Re: OT any of you investing in Cryptocurrencies? 

Post#1628 » by Stannis » Tue Feb 23, 2021 3:50 pm

robillionaire wrote:
Grinditout wrote:Buy the dip my dudes, you make money when there is blood in the water. Wish I had more reserved to buy the bigger dip today lol.


This is not “blood in the water” Blood in the water was back on page 70-71 of this thread and the posts in late 2018 with 7 month gaps between posts. You’ll know what blood in the water is when you can’t find this thread anymore and people in states of euphoria are no longer advising to buy dips :lol:


Yeah, "blood in the water" is when buying dips are fckin scary because you have no faith in the market anymore. Same thing with Crypto. There was a gap and dry spell where lot of people thought it was done. That was the time to buy. We might see it again if the dems attack Bitcoin for their power usage and hogging all the Nvidia GPUs.
I believe he wasn't educated on the situation. Many people could have been harmed not only financially, physically, emotionally, spiritually. We do have freedom of speech, but there can be a lot of negative that comes with that

- LBJ on Morey + Hong Kong
User avatar
KnixtapeH20
Senior
Posts: 740
And1: 792
Joined: Feb 08, 2021
     

Re: OT any of you investing in Cryptocurrencies? 

Post#1629 » by KnixtapeH20 » Tue Feb 23, 2021 7:02 pm

frothbrain wrote:crypto has a future but it's not btc and eth.

Writing is on the wall if you've been listening to what Big Democrat voices like Yellen and Gates have been saying.

Dont believe that. This is simply price correction and people freaking out bc they cant handle the big dumps.
**** the nets... Fake ass NY :nonono:
User avatar
KnixtapeH20
Senior
Posts: 740
And1: 792
Joined: Feb 08, 2021
     

Re: OT any of you investing in Cryptocurrencies? 

Post#1630 » by KnixtapeH20 » Tue Feb 23, 2021 7:04 pm

Stannis wrote:
Grinditout wrote:Buy the dip my dudes, you make money when there is blood in the water. Wish I had more reserved to buy the bigger dip today lol.

Is falling from 60k to 50k that huge of a dip to buy more though? It was just 10k in September. Everyone should still be sitting pretty unless you went all in at the top.

I'm still just DCAing which is 200 bucks a week in BTC, 200 in ETH, and 100 in DOT. It's not much, but what I can afford and be comfortable with lol. If it for some reason goes below 10k, that's when I will splurge.

Only thing that worries me is power consumption and hardware required to mine BTC and other Crypto. I'm afraid this administration will enforce some kind of tax or maybe even some laws. Politicians have been in big oil and other toxic sectors for the longest time, now they have their scapegoat (Crypto) to shift the carbon-footprint blame on.

41-42 even 45 still a great number to buy it at. You'll have those opportunities this week. Hit 44 last night, well early this morning.
**** the nets... Fake ass NY :nonono:
User avatar
Garbagelo
Starter
Posts: 2,332
And1: 2,530
Joined: Jul 17, 2015

Re: OT any of you investing in Cryptocurrencies? 

Post#1631 » by Garbagelo » Tue Feb 23, 2021 11:11 pm

robillionaire wrote:
Grinditout wrote:Buy the dip my dudes, you make money when there is blood in the water. Wish I had more reserved to buy the bigger dip today lol.


This is not “blood in the water” Blood in the water was back on page 70-71 of this thread and the posts in late 2018 with 7 month gaps between posts. You’ll know what blood in the water is when you can’t find this thread anymore and people in states of euphoria are no longer advising to buy dips :lol:


Yep this is usually when I load up on bitcoin, eth and other top coins with actual adoption

However, with alts, it is all a momentum trade. If I buy a dead alt it sometimes just stays dead even during a crazy bull market :lol: .
Grinditout
General Manager
Posts: 9,896
And1: 1,495
Joined: Aug 04, 2006

Re: OT any of you investing in Cryptocurrencies? 

Post#1632 » by Grinditout » Wed Feb 24, 2021 8:19 pm

Better buy some more now before the stimulus hits and crypto starts pumping again
User avatar
omerome
RealGM
Posts: 14,561
And1: 5,234
Joined: Aug 22, 2004
Location: Maryland (via Brooklyn)

Re: OT any of you investing in Cryptocurrencies? 

Post#1633 » by omerome » Wed Feb 24, 2021 8:45 pm

GME is trending up again.
bringbackhoffa
RealGM
Posts: 12,094
And1: 3,771
Joined: Apr 18, 2007
     

Re: OT any of you investing in Cryptocurrencies? 

Post#1634 » by bringbackhoffa » Wed Feb 24, 2021 10:05 pm

omerome wrote:GME is trending up again.


to the moon!!
Charlotte Hornets
Morant/Rose/Nunn/Edwards/Thybulle
Ingram/Ariza/Diallo/Miller
LMA/JJJ/Capela/Jordan/Powell/Chriss
User avatar
Garbagelo
Starter
Posts: 2,332
And1: 2,530
Joined: Jul 17, 2015

Re: OT any of you investing in Cryptocurrencies? 

Post#1635 » by Garbagelo » Wed Feb 24, 2021 11:38 pm

omerome wrote:GME is trending up again.


wrong thread lol
Grinditout
General Manager
Posts: 9,896
And1: 1,495
Joined: Aug 04, 2006

Re: OT any of you investing in Cryptocurrencies? 

Post#1636 » by Grinditout » Wed Feb 24, 2021 11:44 pm

Charts not looking good, possibly more dips coming
User avatar
NYKinMIA
Assistant Coach
Posts: 4,064
And1: 2,294
Joined: Jul 26, 2012
Location: - Snootchie Farms
 

Re: OT any of you investing in Cryptocurrencies? 

Post#1637 » by NYKinMIA » Fri Feb 26, 2021 4:39 pm

Grinditout wrote:Charts not looking good, possibly more dips coming

Image
Grinditout
General Manager
Posts: 9,896
And1: 1,495
Joined: Aug 04, 2006

Re: OT any of you investing in Cryptocurrencies? 

Post#1638 » by Grinditout » Fri Feb 26, 2021 5:31 pm

If anyone new to this, just hodl and look at the January charts
User avatar
Garbagelo
Starter
Posts: 2,332
And1: 2,530
Joined: Jul 17, 2015

Re: OT any of you investing in Cryptocurrencies? 

Post#1639 » by Garbagelo » Fri Feb 26, 2021 10:30 pm

Grinditout wrote:Charts not looking good, possibly more dips coming


The lower this dips, the higher it rebounds
User avatar
NYKinMIA
Assistant Coach
Posts: 4,064
And1: 2,294
Joined: Jul 26, 2012
Location: - Snootchie Farms
 

Re: OT any of you investing in Cryptocurrencies? 

Post#1640 » by NYKinMIA » Sun Feb 28, 2021 9:44 pm

Garbagelo wrote:
Grinditout wrote:Charts not looking good, possibly more dips coming


The lower this dips, the higher it rebounds

Image

Return to New York Knicks