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Is anyone else starting to become a bit excited?

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Comments

  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    Lex Luthor wrote: »
    i wouldnt be surprised if it pulled back below 20k before the end of the year before we go into xmas

    Holiday seasons generally tend to coincide with sell offs

    Yes could easily happen, but it'll sure be easier to pass it once again if and when that does happen. Psychological barrier has been lifted.


  • Registered Users Posts: 523 ✭✭✭Donegal1234


    Bus Wanker wrote: »
    Hey guys, sorry to detail the chat a little. Been a few years since I looked at what I had. What the easiest/cheapest way to transfer from binance to coinbase. I remember years ago it was to convert everything to litecoin on binance and then move across. Is it still the same ? Thanks.

    Think XLM is the cheapest way to transfer. Xlm fees on binanace are tiny. And is relatively quick aswell.


  • Registered Users, Registered Users 2 Posts: 14,810 ✭✭✭✭jimmii


    Yes could easily happen, but it'll sure be easier to pass it once again if and when that does happen. Psychological barrier has been lifted.

    Yeah now its been crossed you would imagine it'll be smoother sailing next time.


  • Registered Users, Registered Users 2 Posts: 17,999 ✭✭✭✭Thargor


    No way we don't see 30k BTC now, get up there ETH...


  • Registered Users, Registered Users 2 Posts: 20,132 ✭✭✭✭cnocbui




  • Registered Users, Registered Users 2 Posts: 11,220 ✭✭✭✭Lex Luthor


    Bob24 wrote: »
    (I was just commenting based on other posters saying it would be censorship resistant).

    if you have a youtube channel which is constantly getting strikes for mentioning certain words/phrases/topics and you have a big following, then I can see why this could benefit those, I'm not one so its not somewhere I'll be checking regularly but I have watched a stream or 2 on there so it wasnt an issue

    for me its an unique project

    They have a good team behind them and one of their advisers is Steve Chen, former co-founder of youtube

    They are partnered with Sliver TV which is an esports gaming platform with a massive online audience
    Online gaming now is probably the fastest growing sport in the world

    It also has the potential for projects that are built on the ETH blockchain to be ported over to the Theta network as they both use the same language
    Much cheaper fees and faster transaction speeds

    They have also partnered with Chainlink to work on trying to eliminate fraud with video advertising


  • Registered Users, Registered Users 2 Posts: 11,220 ✭✭✭✭Lex Luthor


    Think XLM is the cheapest way to transfer. Xlm fees on binanace are tiny. And is relatively quick aswell.

    Not one I've transferred much so cant comment on XLM

    2 of the fastest I've experienced are XRP & DGB

    fees were tiny aswell


  • Registered Users, Registered Users 2 Posts: 6,047 ✭✭✭Truckermal


    Congratulations fellow hodlers

    Don't mind him it's all a scam buy YFFS instead.......:D


  • Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    Irish_rat wrote: »
    If eth for example hit 10k the network fee will be 50 quid. You definetly don't want to be moving it around too much by then

    If ETH hits $10k before it hits 1k tx/s my pants will explode off my body super Saiyan-style


  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg




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  • Registered Users, Registered Users 2 Posts: 522 ✭✭✭Stormington


    grindle wrote: »
    If ETH hits $10k before it hits 1k tx/s my pants will explode off my body super Saiyan-style
    10k? What makes you think it'll 7x its previous ATH?
    Psychological barrier has been lifted.
    Ryan Tubridy is the reversal point. Remember that.


  • Registered Users, Registered Users 2 Posts: 20,132 ✭✭✭✭cnocbui



    Russel Crowe did better in 'A Good Year". :)


  • Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    10k? What makes you think it'll 7x its previous ATH?

    I don't think it will for a long while (I'd say 4-8 years, could happen in 12 or 2), but the speculative side of crypto makes stupid things happen faster than necessary.
    "It could do this!"
    Yeah, in a few years, if there are no tech roadblocks.

    If your question is more about "Why would Ether be worth any amount at all?" whilst thinking it's just a same-but-different competitor to BTC then there's a lot of reading to do. Bitcoin is designed to be an inflation sponge and despite money going up right now, I think it's underperforming (yet still overvalued). BTC's real ATH will be hit once it's past $21.5k when you factor in inflation since 2017. Which I think is a given soon, even though I'm no BTC-bull.
    US debt increased by some phenomenal amount this year (near 20%?), BTC barely raised in comparison. The real money sponge this year was the top 5 tech stocks, BTC is a ways off challenging proven globe-dominating businesses.

    Ethereum is a multi-decade thing, not trying to be a store of value but trying to be a fuel for valuable transactions down to the most minute of values and is looking likely to be BTC's most reliable Layer 2 solution (seeing as people are fixated on wealth being held in BTC but also want to transact using BTC but without €50 fees once it gets clogged.) BTC heads even seem to be coming around to the idea, they're defaulting more each day to a position of "Yeah, well if that's how we move our unmovable coin then that's okay now. Oh cool, I can leverage and loan my BTC against many things on Ethereum! Weeee!". Vastly different to 3-4 years ago.

    Not gonna be Lightning that scales it anyway, it's the crypto equivalent of being on a private torrent tracker where you have to maintain your ratio and only allow certain amounts, it's very messy, too many problems, too much self-reliance for normal humans & lost BTC in it's short time alive. When people want to transact they can drop X amount either via custodial services that allow you to use Ethereum or via whatever bridge Polkadot or any equivalent builds - which is still custodial but in the hands of many partners who don't want to screw each other over vs in the hands of one company who could have one person with one key and scam off with your money.

    Besides that, we're still years away from a good UX which isn't centred around a behemoth custodial service like PayPal - which subtracts 99% of normal people using it, still nerd money no matter what your chosen sh1tcoin is.

    One thing that comes up too rarely on the Bitcoin subs (but it does come up occasionally) - if BTC is challenging traditional money or markets in any reasonable way in the future, something very bad has happened and hyperinflation is on the cards if not already happening. Even if you're BTC rich in that instance, either something gravely bad has happened or Q.E. has become so much of a norm beyond what it already has that people are pushing spare money into a speculative asset as a safety feature for value - which we're all doing unless we're just degenerate gamblers *cough*.
    Great for people who've been buying earlier, worrying for the world at large.


  • Registered Users, Registered Users 2 Posts: 14,810 ✭✭✭✭jimmii


    Insert fire emoji.


  • Registered Users, Registered Users 2 Posts: 3,337 ✭✭✭Wombatman


    Flickr-wee-choo-choo-train-by-jelene.jpg?f=default&$p$f=e7416b9


  • Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    insert crash emoji
    Too much positivity with no normies buying in. Whenever the train stops the 30-40% drop is gonna be hilarious.


  • Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    grindle wrote: »
    insert crash emoji
    Too much positivity with no normies buying in. Whenever the train stops the 30-40% drop is gonna be hilarious.

    It is sound logic and for sure this is one of my scenarios in the short term. But I don’t think it is a given at all.

    It is now very clear that *a lot* of institutional money is fuelling this rally, with institutional interest rising by the day. This inflow could prevent such a deep crash.


  • Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    Bob24 wrote: »
    It is sound logic and for sure this is one of my scenarios in the short term. But I don’t think it is a given at all.

    It is now very clear that *a lot* of institutional money is fuelling this rally, with institutional interest rising by the day. This inflow could prevent such a deep crash.

    I'm not saying a crash from now, even if it might happen. But if it starts hitting past 25-30k...beyond...? Has to happen sometime. I think, anyway. $30k is >7x for people buying stuff when it was $4k, it's hard for people who got in 1 year prior to not sell off if they went from €1000 to a nice second hand car.


  • Registered Users, Registered Users 2 Posts: 18,303 ✭✭✭✭Dohnjoe


    Very strange bull run, reminds me much more of the early 2017 run rather than the insane late year one.

    The alts outside the top 25/50 haven't done much, just tagging along, will be interesting to see if they start to take off at some stage.


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  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    grindle wrote: »
    insert crash emoji
    Too much positivity with no normies buying in. Whenever the train stops the 30-40% drop is gonna be hilarious.

    I don’t know if hilarious is going to be the word. I’ve bought pretty much every single dip in almost 3 years and I’m doing ok, dips are gifts.


  • Closed Accounts Posts: 332 ✭✭deathbomber


    it feels good, real good, has been a rough couple of years :cool:


  • Closed Accounts Posts: 332 ✭✭deathbomber


    Dohnjoe wrote: »
    Very strange bull run, reminds me much more of the early 2017 run rather than the insane late year one.

    The alts outside the top 25/50 haven't done much, just tagging along, will be interesting to see if they start to take off at some stage.

    alts didn't start to really take off until mid January of 17, if memory serves me right, getting old though:pac:


  • Registered Users, Registered Users 2 Posts: 4,666 ✭✭✭makeorbrake


    it feels good, real good, has been a rough couple of years :cool:

    BTC teaches us all to have low time preference. :cool:


  • Closed Accounts Posts: 332 ✭✭deathbomber


    BTC teaches us all to have low time preference. :cool:

    i decided to completely take my mind off it over the last 1.5 years (for the most part), i knew it would come back, never bought more, even at 2k ish last year, glad i rode it out, interesting rally today, still, there will be a correction and hopefully a huge alt rally. However, i have doubts over the "huge" part for the time being, i fully expect it to happen at some stage, some top projects are going the same path as bitcoin (never worth the same value), it may take 3 or 4 years though. Eth looks bang on course for circa 5k within the next few years if not sooner. Interesting times :cool:


  • Site Banned Posts: 4 mr_serious1


    Sorry to go off topic but I bought in 2017/beginning 2018 and I'm pretty sure I didn't touch coinbase since then, but my recent transactions shows my 200 euro of litecoin was transferred on June 2019. The icon that's beside it is like a black background with 3 vertical blue bars, longer one in the middle and two equal shorter ones to the left and right.

    Any ideas? Could this simply be stolen? Any way of knowing for sure?


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  • Registered Users, Registered Users 2 Posts: 4,666 ✭✭✭makeorbrake


    grindle wrote: »
    One thing that comes up too rarely on the Bitcoin subs (but it does come up occasionally) - if BTC is challenging traditional money or markets in any reasonable way in the future, something very bad has happened and hyperinflation is on the cards if not already happening. Even if you're BTC rich in that instance, either something gravely bad has happened or Q.E. has become so much of a norm beyond what it already has that people are pushing spare money into a speculative asset as a safety feature for value - which we're all doing unless we're just degenerate gamblers *cough*.
    Great for people who've been buying earlier, worrying for the world at large.

    Hard money (i.e. bitcoin) gives wayward central banks and governments an incentive to do better. The only thing bitcoin/crypto is lacking is killer UX to really drive that home. Then it would be used by regular folk in places like Turkey, Iran, Venezuela, Zimbabwe, Argentina, etc. (rather than the more technically savvy).
    Beyond that, I'm a firm believer that inflation is a tax on the less well off (anyone who doesn't have assets) and in the longer run, I want to opt out entirely. Things aren't settled enough for that just yet - I'll have to wait. I never got into this for the speculative gain but if I have to make some $ on it as it matures, fair enough!
    As regards things being bad, the current monetary system doesn't work. It's all that we know but if we zoom out, it's only been around for a short period of time relatively. It's not bitcoin/crypto that's the grand experiment - it's sovereign (unbacked) money! Eventually, the music will have to stop and we'll need to switch to another system (via a Bretton Woods 2).


  • Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    Beyond that, I'm a firm believer that inflation is a tax on the less well off (anyone who doesn't have assets)

    I get what you mean, but I’d rather say it is a tax on savers which are not financially savvy (which is a majority of them).

    While the less well off tend to do it less, you don’t actually need to be that wealthy to start putting some of your savings into gold, or Bitcoin, or even shares. And I also know relatively well-off people who are keeping a large part of their wealth in savings accounts (their home being their only really hard asset).

    The main “problem” is that a large part of the population doesn’t fully understand inflation and allow themselves to be “taxed” by negative real rates (and of course no government has any incentive to explain it at school).

    But I actually think it is slowly changing. While negative real rates have been a thing for a while and remained mostly unnoticed by the average person, the psychological impact of zero and negative *headline* rates is causing more people to question what’s happening with their money.


  • Registered Users, Registered Users 2 Posts: 4,666 ✭✭✭makeorbrake


    Bob24 wrote: »
    I get what you mean, but I’d rather say it is a tax on savers which are not financially savvy (which is a majority of them).
    Your definition or mine - quite happy to use either. :)
    Bob24 wrote: »
    While the less well off tend to do it less, you don’t actually need to be that wealthy to start putting some of your savings into gold, or Bitcoin, or even shares.
    Bitcoin - yes, it's now an option - but not ideal for the purpose just yet until it settles.
    Gold - it's a lot less easy to get in and out of for the average joe.
    Shares - I guess so - but the vast majority of folks don't bother with this.
    Bob24 wrote: »
    The main “problem” is that a large part of the population doesn’t fully understand inflation and allows themselves to be “taxed” by negative real rates (and of course no government has any incentive to explain it at school).
    Agree 100%. This is what governments exploit - and it's why its inequitable.
    Bob24 wrote: »
    But I actually think it is slowly changing. While negative real rates have been a thing for a while and remained mostly unnoticed by the average person, the psychological impact of zero and negative *headlines* rates is causing more people to question what’s happening with their money.
    This year has framed it perfectly.


    (ps. you're all waking up to BTC in the 22,000s - need to go get some kip. Keep her topped up - I don't want it a cent under 22k when I get up! :D)


  • Closed Accounts Posts: 332 ✭✭deathbomber


    Your definition or mine - quite happy to use either. :)


    Bitcoin - yes, it's now an option - but not ideal for the purpose just yet until it settles.
    Gold - it's a lot less easy to get in and out of for the average joe.
    Shares - I guess so - but the vast majority of folks don't bother with this.


    Agree 100%. This is what governments exploit - and it's why its inequitable.


    This year has framed it perfectly.


    (ps. you're all waking up to BTC in the 22,000s - need to go get some kip. Keep her topped up - I don't want it a cent under 22k when I get up! :D)

    Indeed, all i can say is, take some profits during the bull run, ideally you should take profits to break even and then let the rest ride until you seem fit.

    The main threat to btc are governments/regulations, don't think they will just sit and watch, sooner or later the heat will come in a big way and may tank the price, as indeed we seen before.....anyway, be wise and enjoy


  • Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    Now passed 23k ... I can’t keep track anymore!


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  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    Drafting my notice


  • Registered Users, Registered Users 2 Posts: 1,390 ✭✭✭UsBus


    Anyone thinking about stop losses...? I always end up pricing it too close and a tiny correction picks me off and then shoots back up again. I want to let it run but don't want to miss a chance for profit..

    As others have said it's rocketing now with so many piling in. It would make you wonder how badly traditional fiat is getting with this run..


  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    Be careful it just crashed $1400 to........



    ......... $22400


  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    UsBus wrote: »
    Anyone thinking about stop losses...? I always end up pricing it too close and a tiny correction picks me off and then shoots back up again. I want to let it run but don't want to miss a chance for profit..

    As others have said it's rocketing now with some many piling in. It would make you wonder how badly traditional fiat is getting with this run..

    I couldn't be arsed with trading but maybe you want to look at trailing stop losses.


  • Registered Users, Registered Users 2 Posts: 1,390 ✭✭✭UsBus


    I couldn't be arsed with trading but maybe you want to look at trailing stop losses.


    Ya think i've learned my lesson with trying to trade it.. Impossible to know where it's headed. Great to be in this position now though. Didn't think i'd be here after the end of 2017.... Roll on 30k....!!!!


  • Registered Users, Registered Users 2 Posts: 18,303 ✭✭✭✭Dohnjoe


    Starting to see a lot of news stories on this, that was a big driver in 2017


  • Registered Users Posts: 247 ✭✭donnaille


    Lex Luthor wrote: »
    if you have a youtube channel which is constantly getting strikes for mentioning certain words/phrases/topics and you have a big following, then I can see why this could benefit those, I'm not one so its not somewhere I'll be checking regularly but I have watched a stream or 2 on there so it wasnt an issue

    Quoting only the part that I believe isn't the scope of this project - Theta is about video relay. Content will still continue to be accessed through some of today's major platforms (YouTube, Netflix, Twitch etc.) and will still be subject to the same controls, but its delivery (to some users) will be provided by Theta's CDN. In this way it's an infrastructure layer, so in competition with CDN's like Amazon, Akami etc. It's been a while, as I mentioned, since I've looked into it, but this was Theta's claimed differentiator, and is the only thing that potentially makes it a worthwhile investment vs. being a video sharing platform, of which there are too many to begin to name.


  • Registered Users, Registered Users 2 Posts: 7,984 ✭✭✭Grumpypants


    I gave up trying to trade. On paper it looks good, if I sell here and buy there I'll make 20%. But as we saw today it only take one sale at a fake peak to eat into all the little gains you made.

    Just buy what you can afford and hold it. I've made way more that way and your nerves will thank you for it.


  • Registered Users, Registered Users 2 Posts: 3,337 ✭✭✭Wombatman


    Everything sold now. Going to sit back and wait for the next substantial correction. I expect BTC to be below 18k in the next 3 months.

    Last buy was in May 2019.


  • Registered Users, Registered Users 2 Posts: 691 ✭✭✭jmlad2020


    Wombatman wrote: »
    Everything sold now. Going to sit back and wait for the next substantial correction. I expect BTC to be below 18k in the next 3 months.

    Last buy was in May 2019.

    Sold for what, Euros? USD tether? What is your method? Tempted to convert to stable coins myself. Insane interest on offer on BlockFi etc


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  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    Wombatman wrote: »
    Everything sold now. Going to sit back and wait for the next substantial correction. I expect BTC to be below 18k in the next 3 months.

    Last buy was in May 2019.

    Would it not have made sense to keep buying from May 19 - November 20 while it was between 4 and 11k let alone 18k? May have been more fruitful than waiting on the next dip (which yes will likely happen).


  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    P.S it was $18,000 last Friday.


  • Registered Users, Registered Users 2 Posts: 3,337 ✭✭✭Wombatman


    Would it not have made sense to keep buying from May 19 - November 20 while it was between 4 and 11k let alone 18k? May have been more fruitful than waiting on the next dip (which yes will likely happen).

    May have been, but my hindsight machine was in the repair shop.


  • Registered Users, Registered Users 2 Posts: 2,567 ✭✭✭Irish_rat


    Drafting my notice

    Its great to be in that position!


  • Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    Irish_rat wrote: »
    Its great to be in that position!

    The predicament is that it’s also nice to have new FIAT every month to stack more corn.


  • Registered Users Posts: 497 ✭✭antgal23


    Wombatman wrote: »
    Everything sold now. Going to sit back and wait for the next substantial correction. I expect BTC to be below 18k in the next 3 months.

    Last buy was in May 2019.


    A 2021 Q1 retrace to the 14 k level would be just great


  • Registered Users Posts: 497 ✭✭antgal23


    I gave up trying to trade. On paper it looks good, if I sell here and buy there I'll make 20%. But as we saw today it only take one sale at a fake peak to eat into all the little gains you made.

    Just buy what you can afford and hold it. I've made way more that way and your nerves will thank you for it.


    Day trading is a tough game, out of 100 retail day traders how many successfully live off it? 10? 5 ?

    Can't see anything wrong with investing some in the space and leave it for 5 years

    I put a huge chunk of my savings into it in Q3 2017, watched sky rocket before the bust but I always held. I'm still down but looking much better than 2018 and 2019 and will hold for maybe three more years


  • Registered Users, Registered Users 2 Posts: 65,936 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    grindle wrote: »
    One thing that comes up too rarely on the Bitcoin subs (but it does come up occasionally) - if BTC is challenging traditional money or markets in any reasonable way in the future, something very bad has happened and hyperinflation is on the cards if not already happening. Even if you're BTC rich in that instance, either something gravely bad has happened or Q.E. has become so much of a norm beyond what it already has that people are pushing spare money into a speculative asset as a safety feature for value - which we're all doing unless we're just degenerate gamblers *cough*.
    Great for people who've been buying earlier, worrying for the world at large.

    That thought has been in my head increasingly so since early this year. The only way the world can overcome COVID financially is to QE itself out of it. I don't think we can even imagine the repercussions of that yet.


  • Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    antgal23 wrote: »
    will hold for maybe three more years

    4-5 more years if the current cycle mimics the last two, surely?

    3 years from now will be the BTC halving equivalent of selling in 2019 after the 2017 peak or 2015 after the 2013 peak, selling near enough the bottom before the next upswing begins.
    unkel wrote: »
    That thought has been in my head increasingly so since early this year. The only way the world can overcome COVID financially is to QE itself out of it. I don't think we can even imagine the repercussions of that yet.

    It's pretty dire but a cyclical and prolonged recession/depression will really seal the deal. It still seems most don't know that money is just made up, printed and flowing upwards to "ease tension" so it seems likely they'll get away with QE that would cripple future generations even more than currently.

    I'm sure the 0.01% will pay their fair share, they're usually sound like that, right?


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  • Registered Users, Registered Users 2 Posts: 65,936 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    grindle wrote: »
    It still seems most don't know that money is just made up

    That's an excellent definition of fiat money :D


This discussion has been closed.
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