[Finance] The cryptocurrency (Bitcoin etc) thread

[Official Old Man]

I'm not really into all this crypto stuff but I hear King of the Spacex & Tesla, Mr Elon Musk could be in trouble.
On Saturday Night Live he was the host (last Saturday as it happens) and took the mickey out of a currency. It fell dramatically. Seems he is heavily involved with this currency and started buying it up. Then Sunday he went on TV saying how good this currency is at which point it shot up again.
Insider trading?

 

[Berty23]

Yeah. Isn’t it a meme coin? Set up as a joke really. Now suddenly it has a market cap of about 64 billion dollars. Bitcoin is over a trillion.

 

[Solid at the back]

#buythedip

 

[Seagull58]

Crypto is not regulated though. He can do and say pretty much anything he wants to manipulate the price.

 

[Surport Local Team]

Really stuck on Wallets!! At the moment it is just left on binance! Apparently u r not meant to do this!!!

Not sure if I should get a wallet, what wallet and very concerned if I lose my password for the wallet or mess up transferring coins.

Not sure I have thought this though buying crypto it seems sooooo complicated!!

 

[driller]

Really stuck on Wallets!! At the moment it is just left on binance! Apparently u r not meant to do this!!!

Not sure if I should get a wallet, what wallet and very concerned if I lose my password for the wallet or mess up transferring coins.

Not sure I have thought this though buying crypto it seems sooooo complicated!!

I discovered Celsius wallet.
Actually pays interest on your holdings - 5.05% on ETH

https://celsiusnetwork.app.link/190378128e

And if you use my redraw code we both get 40 usd of Bitcoin when you transfer in.

Join Celsius Network using my referral code 190378128e when signing up and earn $40 in BTC with your first transfer of $400 or more!

Seems to work well.

 

[Tyrone Biggums]

I'm not really into all this crypto stuff but I hear King of the Spacex & Tesla, Mr Elon Musk could be in trouble.
On Saturday Night Live he was the host (last Saturday as it happens) and took the mickey out of a currency. It fell dramatically. Seems he is heavily involved with this currency and started buying it up. Then Sunday he went on TV saying how good this currency is at which point it shot up again.
Insider trading?

Nothing to do with Musk. Don't think he even owns any doge.

Barry Silbert who held a huge % of the coins cashed out.

[tweet]1391070116574547972[/tweet]

 

[Albion Dan]

Wtf Elon. [emoji23]

Would imagine this will be the catalyst for that correction I’ve been talking about.

Wait a couple of weeks for him to tweet that he’s now comfortable that most is produced with renewable energy and the price rockets up. Dangerous that this guy has so much power over assets he owns

 

[beorhthelm]

its an interesting post Musk. the natives are pissed with him, quite funny as they were quite happy for his input to pump interest. some suggesting it promotes non-proof of work tokens. or anything non-bitcoin really because most people dont care if its PoW or not.

 

[WhingForPresident]

How many people do we reckon have actually bought a Tesla with Bitcoin? I'd be surprised if it's in triple digits.

 

[Tyrone Biggums]

I think people way overstate Musk's impact/influence on anything outside of meme coins in the crypto market at present

 

[Iggle Piggle]

Elon would be in handcuffs if this was stocks he was pumping. Grudging respect for how he pulls the strings.

 

[Albion Dan]

How many people do we reckon have actually bought a Tesla with Bitcoin? I'd be surprised if it's in triple digits.

Probably double digits even. Be interesting to see what price does over next few days. Alts holding up remarkably well.

 

[Albion Dan]

Weekly 21 EMA has finally hit for first time this bull run. If this holds (as it has in historical bull runs) will be great for a big final push. If it breaks and we get candle closes below then could be carnage.

 

[Tyrone Biggums]

 

[KeegansHairPiece]

I think people way overstate Musk's impact/influence on anything outside of meme coins in the crypto market at present

BTC drops to a 2 month low following Musk's tweet.

 

[RandyWanger]

Transferred some ETH out of a Luno wallet into Fortmatic to buy some NFTs and the fees on Luno were HUGE! I'd not recommend using Luno if anyone's thinking about it.

Anyone know much about NFT? I've got some digital art I've made and thought about trying to sell it but OpenSea wants almost $200 to list.

 

[acrossthepond]

There are three main things that I would be looking at:

Terra - $LUNA
Thorchain - $RUNE
Solana - $SOL

All have solid use cases, crazy rate of build on the platforms (Terra and Solana) and low, low fees.

The Terra ecosystem especially - $LUNA - is a great long term play due to the deflationary tokenomics...

No shitcoins or dog coins....

Not financial advice - do your own research

 

[CheeseRolls]

There are three main things that I would be looking at:

Terra - $LUNA
Thorchain - $RUNE
Solana - $SOL

All have solid use cases, crazy rate of build on the platforms (Terra and Solana) and low, low fees.

The Terra ecosystem especially - $LUNA - is a great long term play due to the deflationary tokenomics...

No shitcoins or dog coins....

Not financial advice - do your own research

Terra is sitting in my portfolio and I think it could be a triple whammy.

1 I think the price has growth potential.
2 Staking at around 11% via the terra station wallet currently is a nice bonus.
3 From this side of the pond, swapping Terra for GBT, offers crypto pegged against the £ and not USD, which might interest a few on here.

 

[Albion Dan]

There are three main things that I would be looking at:

Terra - $LUNA
Thorchain - $RUNE
Solana - $SOL

All have solid use cases, crazy rate of build on the platforms (Terra and Solana) and low, low fees.

The Terra ecosystem especially - $LUNA - is a great long term play due to the deflationary tokenomics...

No shitcoins or dog coins....

Not financial advice - do your own research

LUNA is going to be one of the biggest players for a very long time.