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^ No it’s not. It’s an altcoin.  Do you guys think it’s looking more bullish today than a couple or so days ago when I made this thread. You know... cos it’s alt szn? Hopefully, you are not just using price as a technical indicator. Also, there are bullish, bearish, trading ranges. |
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MoneyGram has teamed up with cryptocurrency exchange Coinme on a feature that lets people buy crypto with cash or withdraw it from brick-and-mortar locations in the U.S.
Google it. I can't post the CNBC link.
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I have principles and I wouldn't receive money for free, especially from sneaky persons (they have a hidden purpose). If you believe it or not it's your problem not mine so cannot tell more about it.
Not all business men are snakes btw, some have true morals.
Others even want a position like Elon Musk, able to manipulate the market well and every tweet he makes will have an effect on the market price of cryptocurrencies like Bitcoin and Dogecoin. Elon Musk is indeed a businessman who will focus on his profits, besides that he also develops his rocket which he always updates. I don't think Elon is just bullshit with his IQ. Elons has also had a major impact on the improvement and development of technology at sapceX. Talking about moral issues, Elon should have more morals than people who are only concerned with profit without any reciprocity and innovation. He will still be here even after couple of years. His SpaceX venture alone, will keep him active in social media. So he's not going away anytime soon. Maybe there are so many crypto users that don't like Elon but let us accept that he has a lot of ventures that matter and ordinary individual can't provide such services. People like Elon explode onto the scene and just as quickly implode off it. People like him usually overextend themselves financially and then lose control of the businesses. Remember Ted Turner - a classic example. |
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I think it is time to stop thinking Elon is some sort of god. Tesla sales are down. Google it, the link I posted didn't work. Tesla share price is down. When the news comes out that his cars run on coal. He will hide. 60.3% of the electricity his cars use is from fossil fuels - coal is 1/3 of that number. https://www.eia.gov/tools/faqs/faq.php?id=427&t=3U.S. utility-scale electricity generation by source, amount, and share of total in 20201 Preliminary data as of February 2021 Energy source Billion kWh Share of total Total - all sources 4,009 Fossil fuels (total) 2,419 60.3% Natural Gas 1,617 40.3% Coal 774 19.3% Petroleum (total) 17 0.4% Petroleum liquids 10 0.2% Petroleum coke 8 0.2% Other gases 11 0.3% Nuclear 790 19.7% Renewables (total) 792 19.8% Wind 338 8.4% Hydropower 291 7.3% Solar (total) 91 2.3% Photovoltaic 88 2.2% Solar thermal 3 0.1% Biomass (total) 56 1.4% Wood 37 0.9% Landfill gas 10 0.3% Municipal solid waste (biogenic) 6 0.2% Other biomass waste 2 0.1% Geothermal 17 0.4% Pumped storage hydropower3 -5 -0.1% Other sources4 13 0.3% |
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I've been reading CoinDesk and CoinTelegraph, but those are general news sites in my opinion. There isn't a lot of news about the smaller coins.
What sites do you read?
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One thing that remains critical to using bitcoin is energy. Energy to mine, and validate transactions. Energy to trade. And energy to access our wallets.
But is it possible, to be able to use Bitcoin even when we don't have energy?
Today, if I run out of electricity at home and want to go buy some batteries, for a flashlight, I can go to a store with some fiat coins and buy batteries. But that would not be possible if you want to make that purchase in Bitcoins. This remains a very good advantage for fiat coins.
How can Bitcoin overcome this problem?
I wouldn't worry about it. For a short term emergency have some cash. For long term you will be dead. https://www.powermag.com/expect-death-if-pulse-event-hits-power-grid/ |
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I was looking at all crypto to see if they all sold off. There were two that were up AAVE an CRV. I know nothing about CRV. I've read what I could find on the net. Would it be a good speculative investment? As I write this it is trading at $4.07. Does it have a future? https://www.gemini.com/prices/curve |
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Why do you think or do you know that bitcoin is about to make its next leg up because the price you claim now bitcoin surpasses that before we experience the dump in the market. Bitcoin price will still rise but I don't why it is linked to this particular price you mentioned 56,000.
It's probably the support price for now that's why it is very important to at least maintain it before an imminent break out run that the OP is saying. Regardless though, we have been forming this trend for several weeks now, not going to $60k and every attempt is rejected. So let's see if TA can 'predict' our next leg up, we still have a week to do so. You can't only rely upon TA. https://finance.yahoo.com/news/bitcoin-sinks-after-elon-musk-says-tesla-will-not-accept-the-digital-coin-for-transactions-223139231.htmlBitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions I think it is good he is out of it. |
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According to data from SimilarWeb, total web traffic to cryptocurrency exchanges exceeded 530 million visitors in April, up 43% from the previous month. Visits to the exchange websites increased significantly, indicating a new wave of users flocking to the market. Bitcoin and crypto markets seem to have a lot more potential.  Chart embedded from The Block Crypto DataPer the data, the 531.12 million figure represents the second-highest monthly result, coming in just below January 2018's 531.7 million. Breaking the results down by individual market share, Binance increased its share of the monthly traffic to 40.84%, with Coinbase drawing in 17.65%. What is surprising to me is that in March of 2020 and after we did not see a very large increase. I would have thought that with people at home they would have look at those sites. |
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As at the time of this reply, bitcoin is trading at $53k, which is a sharp price drop compared to when the thread was created this shows how volatile the bitcoin market can be its hard to predict.
I know Bitcoin will relay at $50k to $60k within the second quarter of 2021.
I'm not an expert. Today's decline might be related to the stock market decline. |
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I'm really not much bothered about (immediate) future price movements and rarely cheek price actions as I plan to hodl for much longer that the immediate future. If you're a long term holder, sharp spikes and dips are not really that important as you do not intend to take profit or cut losses anytime soon As to the link I hope this forum doesn't allow malware. Does it?
Posting malwares are against forum rules and would get a user banned, but they can be posted and stay up for a while before mods notice and delete them, so, it helps to be careful. THanks, I like this forum for the level headed people. |
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I've been saying it for years, while not taking my own advice: "There's never been a bad time to invest in BTC."
I didn't click on your link, because I'm a paranoid person, but we're well beyond mainstream acceptance at this point. More and more people are becoming interested in BTC, and it's deflationary foundation is in full effect.
I believe in hodl and agree with your comments. Unfortunately, I'm very late to the party and have a high cost basis. As to the link I hope this forum doesn't allow malware. Does it? |
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 It looks like BTC is preparing for its next leg up. It has been forming a base around 56,000. Also the bollenger bands are flat and growing closer. Look at April for a similar set up. Another poster mentioned that whales are accumulating below 55,000, a good sign. |
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I think you should use percentage instead of $ for a better perspective. Also, if whales are accumulating then they think it will go up. |
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Is there a "Report Post" function? I don't see one.
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I like the "Thanks" option other forums have.
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I don't use market buys. I use market limits. Even if you want to buy at or near the market use a limit order.
Why? On Coinbase Pro the fee paid will be 0.5% regardless of if he is a maker with a limit order or a taker with a market order. It only becomes cheaper to be a maker than a taker if he has traded more than $50,000 in the last 30 days. If you want to buy at the current price and set a limit order, even at just a single dollar below the market price, there is no guarantee your order will fill. If the price moves up, then you will be left with an unfilled order and the decision on whether or not to buy at the new, higher price. The issue isn't the fee it is the price. If you use a market order you do not know how high the price you get is over what you see when placed. This is especially true during low volume and fast moving markets. The savings you get with a limit will most likely off set any fee you pay. I use Coinbase Pro and ladder the amount I want to buy with limits. With patience, I often get my price. Also, I sometimes put in a very low limit price overnight and have been pleasantly surprised when the order is filled. Take a look at the wild price action on ETH on yesterday 5/10 and you will see what I mean. Here's a chart of BCH - currently at 1452 - looking at recent action you don't what a market buy. If you put in some limit orders starting at 1350 and goin up some will probably get filled at a price better then 1452. This is just an example. There are other things to look at like the bollenger bands.  |
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I am wondering about this question a lot and may start another thread on it if this thread does not last.
I"m seeing indications of the US stock market declining - let's say for discussion 15% from today.
Here's my concern people who are investing in crypto invest in stocks. And those same people use leverage and margin in stocks and crypto If the stock market declines and those people get stock margin calls does the crypto market decline because they sell?
My fear is a very large decline larger then the recent Bitcoin decline from $64K to $40K (I forgot the number, if not correct).
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