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Cryptocurrency |OT2| Money's New ERA Shoots for the Moon! | Read OP for Thread Rules
- Thread starter breakYODAy
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Until Tether situation does not get cleared up completely, I am not pouring another euro into crypto.
That's totally reasonable. In that case, consider maybe not watching crypto too closely, for your own well-being. Tether could face some enforcement action this Summer, or not for months or years still. It's impossible to say. A lot can happen between now and then.
Im trying really hard not not dump all my bullshit stocks and just load up on this bitcoin train. I'm not talking about a lot of money anyway so maybe I just go for it.
I wanted to share this video from Bob Loukas, an experienced trader who has some interesting insights into bitcoin and its cycle. This video is the first of four I believe, but I recommend you start with this one. It's aimed at average Joe. Might be a bit old for some, but I learned a few things.
I present you this years BTC theme as it pumps back to ATH
I present you this years ALT theme as BTC destroys the alt market
I present you this years ALT theme as BTC destroys the alt market
Very interesting video, thanks for posting.
BTC going hog wild this past 24 hours.
I mostly lurk this thread as I had not been actively trading anything since selling most of my coins off before everything crashed, but it's kind of fun to see the activity spiking again over the last several weeks. I did buy back into ETH when it was around 150 a couple month me ago, so I'll be along for the ride.
Looks like you were right. It got rejected just under 360. Now we wait and see.
Thanks a lot Coinbase!
In any case that latest rush was unsustainable, it was always going to stop sooner rather than later. I'm perfectly happy with consolidation around the current price.
I chart based on Coinbase Pro data, which hit 364, so amazingly this prediction was correct, as was my prediction to watch for a rejection on BTC in the 13-14k range. Coinbase hit a high of 13.8k. The rejections went deeper in a shorter time frame than I was expecting though.
It's hard to say whether they're done correcting. There is a reasonable chance that BTC has retraced enough already. If it breaks 11k, the next stop could be 9.5k. ETHUSD's low also bounced off a trendline, so it would be preferable from a bullish perspective not to dip much more. If BTC goes, ETH should go too. I don't think we have seen the highs for the year, but I couldn't say exactly what is most likely from here yet. Will need to watch it for a bit first.
Is 1800 BTC still possible? Or do you think that we will see a new high first? Many indicate that there are still new lows to come, while others praise a new bullrun. I don't know what to believe right now, as summer always tends to be a little bit bad for markets. Still, bakkt is right around the corner, and so maybe tether. Risking it or not...
I really need to learn more about TA.
I own this on my Kindle, but have not started reading: https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive-ebook/dp/B00BWVKM4U/
This would be a good starting point?
I own this on my Kindle, but have not started reading: https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive-ebook/dp/B00BWVKM4U/
This would be a good starting point?
Did you buy before or after it tanked almost 25% today?
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You are already dead :P.
Cryptocurrency is pretty interesting, crazy, fun, and with lots of drama. Don't put your house or savings on the line though.
Just one of the several recent cases of exchanges who got "hacked" and/or closed or exit scamed. Other examples are QuadrigaCX, Cryptopia, coinsmarkets, bitgrail to name a few. People who had coins there are fucked and lost it all.
Unless you are planing to daytrade (don't), move everything to a personal wallet (paper, desktop, mobile or hardware wallet) asap.
This is something I'm planning on doing over the weekend. I have most of my stuff on my desktop, but still a bunch on Coinbase and Binance.
Any suggestion for a personal wallet (desktop)?
Aren't coinbase the equivalent of a wallet?
The best way to store your assets would be to get something like a ledger or trezor hardware wallet.
Coinbase, like all exchanges, has a wallet for every coin they list in your account. But while it's your account, if CB/exchange goes down or wallet has a month long maintenance or the exchange owner decides to withdraw everything to the caiman Islands, you don't have access to your coins. Would recommend to read up on all this carefully before investing your money.
Different coins have different personal wallets. For BTC and ETH there are hundreds of possibilities to choose (e.g. Exodus). Other coins often have one official desktop / mobile wallet and third party alternatives. Many have paper wallet solutions.
Trezor and ledger nano s/x are the most popular hardware wallets. Buy them only on official places. Also check their sites if your coin is supported.
I use an old cell phone disconnected from the internet to cold store BSV. Works fine, as long as you use reputable wallets.
Coinbase doesn't support my country either. I use Cex.io and Coinmama
Check buybitcoinworldwide.com for available options in your country.
Could I just install Exodus on an external hard drive that I just connect when I want to sell / trade / buy? Or if not possible on a drive, on a older computer that is almost always offline?
Never used Exodus, but assuming you control the keys then that will be fine. Desktop wallets are secure enough for most and keeping it offline is another layer of security. Its not a perfect cold wallet, some can be setup as if they have never been online, but unless you're dealing with mega amounts then I wouldn't worry.