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Forgot to update, I am currently trading DOT, looking at rotating to ALGO next, had good accumulation and breaking out vs USDT, just needs to move vs BTC...
also liking NANO....same as ALGO, needs to breakout vs BTC but the large move hasn’t come yet...
1 Bitcoin equals
43,259.90 United States Dollar
1) BTC and ETH do seem to follow each other for the most part. I think both are great and wouldn't shy away from investments in either one. I mine BTC so that one is much more important for me.Originally Posted by ChuckyTheGoat
2) I don't watch any crypto "guru" youtube channels or podcasts. Nobody knows. My trading strategy is very simple. When everyone is very negative I'm a buyer. When Everyone is super positive I'm liquidating. It's tough though. Heard thinking is difficult to overcome.
What do you think?
1) Props on the mining. I have some BTC and ETH. I am an advocate of LTC, have written about it several times. I love LTC for transactions, I don't think it's crazy to think the LTC/BTC ratio can get back to 200/1.
2) You're right about the videos. It's too much. I hear u on herd-mentality.
I love being contrarian. My one comment re: contrarian thinking in Crypto. Q: Would you rather buy into BTC during a FOMO period? Or a contrarian period?
Follow my logic on this. When BTC price is rising, it feels like it might moon. And when it's dipping, some start to wonder if it's dying.
Just my two cents, but I prefer the mooning. When u see moon-boys, the buying figures to continue.
The creator of BTC should have created LTC as the first crypto. To fix BTC's transaction fees and time of transfer.
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btc $44,014
eth $3,116
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Those prices will be close to zero on Tuesday.
We are slowly creeping back up
ETH is on fire. Props again to the guys on here for talking about it.
For long time, I didn't have any. Based on the info, I bought a little just to be in the game.
ETH has been green 16 of last 17 days.
Looking to go 17 of 18 today.
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That definitely won't happen.
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LTC is my go to coin for transactions right now and many sportsbooks have made it their "preferred" way to deposit. LTC checks all the right boxes: track record, speed, cheap fees. It's definitely undervalued right now.
As to the FOMO or contrarian period question, maybe it's just always a good time to buy crypto?
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Thought I'd explain a little more about my litecoin hyping. Litecoin is basically Bitcoin 2.0. Bitcoin started in 2009. Litecoin came soon after that in 2011. Not many cryptos have a track record similar to Bitcoin. They are mined on different algorithms and aside from that there is only one main difference:
There will only be 21 million BTC. There will only be 84 million LTC. Think about that. There will only be 4 times as many LTC. And yet BTC is 300 times the price of LTC. Why?
The only good reason is being first to market. But first to market doesn't last forever. I don't think BTC is going anywhere. But LTC should be worth a heck of a lot more than 1/300th of a bitcoin.
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Exactly, ace. If LTC/BTC (eventually) is proportionately 4:1, why is the price ratio like 290:1?
Bitcoin obviously makes more news headline. I see a scenario where ADOPTING COUNTRIES (like El Salv or Paraguay) have more use for LTC than BTC. Impoverished nation citizens really aren't hodling. Instead, they're transacting and moving $$ across borders. I think that application fits LTC much better than BTC.
It's getting hot in here: 44,380.
The reason is network effects, then, now, and later
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Looks like some slight pullback here.
I've mentioned this name on here b4:
*Will Clemente
...Will is such a bright young mind. For my money, the top Bitcoin analyst around. Love his analytics review.
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Slight pullback required for greater forward thrusting
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Not to be a wet blanket here
But I'm big in the Fibbinachi sequence. I bet w it and this just looks like a hedge/ dead cat bounce here, Fibbinachi has BTC back around $20k if, and I say if, you believe in the Fibbinachi rule.
If there's a market play after next inflation report to shot this, it might be a good hedge. But congrats to all those that gained on this great bounce, I only have about $4k in btc but that's way better than the 2500 I had 2 weeks ago!!!
The 20k level is still within the 200 day average.
You lost me at Kirk cousins is a hof quarterback
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Bitty blowing up now, about time.. Up up and away!!
Fats, what are your odds?
*If I gave u: Touch 20k b4 12/1/2021? Would u take +500?
AMC to start accepting bitcoin as payment for online tickets by end of year
I see some of you guys still doubting how strong these bull runs really are. But u gotta give them credit making some predictions this far into this cycle asking for a cheaper price. Not sure how to calculate Fibonacci into an unpredictable Bitcoin and add in a best months of its bull run to there models. All I know especially after the last drop a few months back that this cycle looks just like 2013 all over again and there is no way in hell I’m going against it. GL I hope everyone is doing well!!!
Check your calendar bud lol
Crypto ammendment failed today and this thing going to pass the Senate.
I don't know what to make of this...looks like broad oversight is coming.
What about the calendar?
Don't care about congress. They are irrelevant to me.
BTC up about 20% since the "congress killing crypto" fud started.
Yeah I really thought that news was going to effect the price negatively. Boy was I wrong!
Apparently the crypto world listens to Elon Musk but could care less about congress
That drop was going to happen with or without Elon’s statement, don’t give him that much credit.Yeah I really thought that news was going to effect the price negatively. Boy was I wrong!
Apparently the crypto world listens to Elon Musk but could care less about congress
I mean, BTC is pretty much a middle finger to banks and to a lesser extent governments, so I hope Congress' bs wouldn't move price much.Yeah I really thought that news was going to effect the price negatively. Boy was I wrong!
Apparently the crypto world listens to Elon Musk but could care less about congress
Anyway, this will be a wake up call to the crypto industry in the US, they need to step up their lobbying efforts. Need to educate those old fuks on how they can get rich through crypto.
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