Is anyone else starting to become a bit excited?

Bob24

So Peter Schiff has reluctantly admitted what was obvious at first glance: that losing access to his bitcoins was due to human mistake on his part ... not newsworthy but entertaining :-)

https://twitter.com/peterschiff/status/1220135541330542592?s=21

https://twitter.com/peterschiff/status/1220137968343580672?s=21

Lex Luthor

Bob24 wrote: »

So Peter Schiff has reluctantly admitted what was obvious at first glance: that losing access to his bitcoins was due to human mistake on his part ... not newsworthy but entertaining :-)

https://twitter.com/peterschiff/status/1220135541330542592?s=21

https://twitter.com/peterschiff/status/1220137968343580672?s=21

he's just giving Bitcoin more publicity, whether he thinks its hurting it or not

makeorbrake

Lex Luthor wrote: »

he's just giving Bitcoin more publicity, whether he thinks its hurting it or not

He's also building his profile, etc. There's no such thing as bad publicity.

Bob24

makeorbrake wrote: »

He's also building his profile, etc. There's no such thing as bad publicity.

Yes I would say so. I saw him interviewed at gold conference earlier this week and he spent quite a bit of time “joking” about this and saying it is the worst investment he ever made as it went to 0. He’s just pleasing a certain audience.

IMO he isn’t even amongst the best promoters or sources of information in the space of precious metals. I much prefer listening to a guy like Pierre Lassonde who is less vocal and present in the media but IMO more interesting and knowledgeable with massive experience and recognition in the industry.

Bob24

CZ is now (sarcastically) praising Peter Shiff ... they are like kids at a playground :-D

https://twitter.com/cz_binance/status/1220978020686548992?s=20

cnocbui

If that's praise, I'd love to see his sarcastic put-down.

JohnnyFlash

Goldbugs and crypto heads have an awful lot in common. The boner for ‘hard money’, libertarian woo, a mistrust of Government, the need to constantly shill their ‘investment’.

Dohnjoe

JohnnyFlash wrote: »

Goldbugs and crypto heads have an awful lot in common. The boner for ‘hard money’, libertarian woo, a mistrust of Government, the need to constantly shill their ‘investment’.

Well, in fairness, the dollar is just about to collapse any day now, so you should really load up on gold/crypto to survive the ensuing dystopia

makeorbrake

Dohnjoe wrote: »

Well, in fairness, the dollar is just about to collapse any day now, so you should really load up on gold/crypto to survive the ensuing dystopia

Quote of the week goes to the world's 58th richest person:

"cash is trash"


Ray Dalio of Bridgewater Associates

cnocbui

Where there's muck, there's brass.

Frozen Veg

Nice gains today. Push.

Dohnjoe

Nice gains indeed, but jesus christ Bitcoin Gold had a double-spend 51% attack and is up 12%. Irrational doesn't begin to describe this market, but hey that's the attraction

Lex Luthor

What coins are people holding in general apart from BTC?

I’ve got a few smaller bags of XRP, ADA, BAT, ETH & LTC

Majority is in BTC though

Dohnjoe

Apart from BTC and Eth, a disgusting multitude of alts. The upside? every day at least one or two of them is up 20%

I'll get rid of 90% of them during the next bull if there is one

banie01

BTC, ETH, LTC, BNB and currently trading between those and building BTC.

q85dw7osi4lebg

Pump it

crushproof

BTC gains covering my stock market losses

Lex Luthor

Nice gains last 24hrs, managed to get out of a trade I had been holding for over 2 months and took a bit of profit even after the daily rollover fees

There is still a CME Futures gap around €7600 that will probably be filled so expecting that to happen this week before we retest tht 200 MA again

3rd time lucky hopefully

q85dw7osi4lebg

Yeah would like to see the CME gaps myself before pumping much more. Eventually BTC will ignore these gaps IMO.

200 ma very strong resistance, if we fail here I think we could see 7k again (hope we do briefly)

Lex Luthor

I closed out a long position last night at 1am while sleeping at €8255 that I got about 2 months ago at €6900. It was a bit of a rollercoaster and I've never held onto a long leverage position for that long, overall fees cost me in the region of €300 but the overall gains more than covered it

Daily rollover fee was €4.14 so it wasnt breaking the bank even if I had to hold it for another month

I was "fairly" confident it would come back in higher in the new year so didnt mind the fees on a daily basis and I had enough collaterel in the account that they were going to call it in if it dropped any lower which it did at one point for about a week down to about €6200 I think

I'm hoping now for the gap to be filled and maybe jump back in again once it breaks resistance about €9500

q85dw7osi4lebg

Rejected again.

People can say all they want about TA but it's clearly relevant.

Helps predict volatility if nothing else.

Bob24

Addison Fancy Macrame wrote: »

Rejected again.

People can say all they want about TA but it's clearly relevant.

Helps predict volatility if nothing else.

Yes, basically TA should be seen as something which works until it doesn’t.

Once you are in a pattern it is likely to work for a while, but of course patterns don’t have to last forever and a change of circumstances can break them unexpectedly.

JohnnyFlash

Bob24 wrote: »

Yes, basically TA should be seen as something which works until it doesn’t.

Once you are in a pattern it is likely to work for a while, but of course patterns don’t have to last forever and a change of circumstances can break them unexpectedly.

Like Tether printing a load of magic dollars. There’s no TA models that can predict that, and it’s the strongest input into positive price movement.

q85dw7osi4lebg

Litecoin up 10% in 24 hours.

Will it front run a Bitcoin pump like last time?


I'm strapped in.

Lex Luthor

$9500 being tested

Thargor

ETH showing rare signs of life. Tempted to sell and try a bit of swing trading again.

q85dw7osi4lebg

Lex Luthor wrote: »

$9500 being tested

$9550 right now, very little resistance above this generally speaking.

Fun times ahead.

FFVII

Addison Fancy Macrame wrote: »

very little resistance above this generally speaking.

????

Lex Luthor

small cooling off period before the next pump....

I've got a buy order in at €8675 for a trade once it breaks resistance..........came within a few eur last night of triggering it

Once it breaks like you said there is very little above it so it could be a nice trade

JohnnyFlash

I’m going to make a price prediction. Bitcoin is going to dump hard this week. Massive amount of open longs on Bitmex, Binance, and even a few on Bitfinex (!). Time for Arthur and the lads to clear them out.

cnocbui

Please go and buy Tesla shares - lots, and lots of them.

Dohnjoe

JohnnyFlash wrote: »

I’m going to make a price prediction. Bitcoin is going to dump hard this week. Massive amount of open longs on Bitmex, Binance, and even a few on Bitfinex (!). Time for Arthur and the lads to clear them out.

What's your price prediction for end of week?

Also, why aren't you shorting it?

q85dw7osi4lebg

Balls deep at this stage.

Serious wall at $9500

Fact we haven't dropped back below 200 ma after a week makes me bullish af.


Buying the wall to weaken it personally.

I think if we see $9700 we'll see $10,000 less than a day later.

Lex Luthor

I'm holding off before it breaks the resistance of $9500 before diving back in to a long, at moment its in a no trade zone for me

I've got a couple of small buy orders in for fractions if it drops lower, some have already been triggered last few days with the wicks

Dont think we're far off a burst upwards but holding fire until the breakthrough, then we off to the races

Read yesterday the halving date could be earlier aswell by a week or so

Also mentioned it here a few months ago about ICON (ICX), up nearly 200% since new year, that one and ADA are IMO ones that could have big gains this year

q85dw7osi4lebg

Lex Luthor wrote: »

I'm holding off before it breaks the resistance of $9500 before diving back in to a long, at moment its in a no trade zone for me

I've got a couple of small buy orders in for fractions if it drops lower, some have already been triggered last few days with the wicks

Dont think we're far off a burst upwards but holding fire until the breakthrough, then we off to the races

Read yesterday the halving date could be earlier aswell by a week or so

Also mentioned it here a few months ago about ICON (ICX), up nearly 200% since new year, that one and ADA are IMO ones that could have big gains this year

Do you HODL or just trade?

el diablo

What is Bitscoin?

Lex Luthor

Addison Fancy Macrame wrote: »

Do you HODL or just trade?

Both

I’ve got 5-6 different bags I’m hodling for now but try to trade the odd time

ICON up 50+% in last 24hrs

That’s the holiday paid for

cnocbui

el diablo wrote: »

What is Bitscoin?

I'm not sure, but that leaves a bad taste in my mouth.

Lex Luthor

cnocbui wrote: »

Please go and buy Tesla shares - lots, and lots of them.

too late now to buy them after that big pump, hold off until the fomo cools off and it has a pull back

Bob24

Tesla 2019 in white vs BTC 2017 in red :-)

cnocbui

Lex Luthor wrote: »

too late now to buy them after that big pump, hold off until the fomo cools off and it has a pull back

You are missing the point.

maninasia

Anybody else starting using DeFi apps. I have and it's easy as pie. I got Dai from Eth collateral and then use it to buy more Eth. Many just use Eth to get Maker and earn interest.
The interest rate is about 8-9% per year so I think it's a very reasonable betusing my existing crypto investment without putting more cash in.

Using Ethereum network for DeFi has made me incredibly bullish. It's fast and very cheap to do all the transactions. It's a way better experience than using bitcoin.

Anybody else using DeFi apps ?

Shamo

maninasia wrote: »

Anybody else starting using DeFi apps. I have and it's easy as pay. I got Dai from Eth collateral and then use it to buy more Eth. Many just use Eth to get Maker and earn interest.
The interest rate is about 8-9% per year so I think it's a very reasonable betusing my existing crypto investment without putting more cash in.

Using Ethereum network for DeFi has made me incredibly bullish. It's fast and very cheap to do all the transactions. It's a way better experience than using bitcoin.

Anybody else using DeFi apps ?

Not DeFi exactly but I used Celsius for about a year to earn interest on 90% of my portfolio in crypto. Recently withdrew it though as the interest rates dropped so much it wasn't worth it.
I'm pretty sure the likes of Celsius lend out the deposited crypto to short sellers so it makes sense that more recently the interest in shorting has dropped.

DeFi is a great use case for Ethereum though and i'm waiting for multi-collateral DAI to allow more token options for deposit.

Bob24

Also thinking DeFi is looking like a strong use case for Ethereum and should increase its popularity in the short to medium term. I believe the Ethereum network is close to saturation though and this is something which needs to be sorted to unleash the full potential.

Bob24

Shamo wrote: »

Not DeFi exactly but I used Celsius for about a year to earn interest on 90% of my portfolio in crypto. Recently withdrew it though as the interest rates dropped so much it wasn't worth it.

I know rates dropped significantly (and they are keeping the best rates for people who are staking their own CEL token), but when you say it wasn’t worth it anymore what do you mean? You reverted to self-storage thinking the reward was not worth the risk or you moved to another crypto lending platform?

I think think the idea of Celsius (or Crypto.com earn, BlockFi, etc) is pretty neat. But I do wonder about the sustainability of decent rate. I could be wrong but I tend to think the potential supplier of lenders is a good bit larger than the potential supply of secure borrowers; which in the long run should push rates to the bottom.

Shamo

Bob24 wrote: »

I know rates dropped significantly (and they are keeping the best rates for people who are staking their own CEL token), but when you say it wasn’t worth it anymore what do you mean? You reverted to self-storage thinking the reward was not worth the risk or you moved to another crypto lending platform?

Reverted to self-storage holding the private keys again. Below 3% apr I didn't think the risk was worth it (exit scam, hack etc).

maninasia

Bob24 wrote: »

Also thinking DeFi is looking like a strong use case for Ethereum and should increase its popularity in the short to medium term. I believe the Ethereum network is close to saturation though and this is something which needs to be sorted to unleash the full potential.

Its still very fast at the moment and quite cheap , 10 cents for large amounts , hopefully the protocol improvements keep up.

In the future I hope I can just lock up eth for staking and earn a good return as well as appreciating asset.

Dohnjoe

Expecting a down-turn, but glad to see gains are holding and alts are still popping, a lot of potential in what is still a bearish/v cautious market at the moment

maninasia

I see excellent signs of life . DeFi is going to power Eth development and usage forward . Makerdao is massive . Usage is the key. I don't use it for interest but speculation, if interest rates drop I can borrow even cheaper. If interest rates go up folks get more returns on their assets, it's all good.

Medium term I'm very bullish. Iota also looks good to me as they test goshimmer (beta coordicide).

makeorbrake

Nice to see discussion of DeFi. I've been trying to put the time aside to investigate it in more detail. My concern is surrounding risk/security. Smart contracts are very new - a hack could cause mayhem.

However, there are still very good rates to be found as per this -> LINK

Are those rates sustainable?