Is anyone else starting to become a bit excited?

q85dw7osi4lebg · 13-02-2020 02:50PM

$10,500 printed

Thargor · 13-02-2020 03:40PM

Printed?

maninasia · 13-02-2020 04:48PM

Dohnjoe wrote: »

Seems to me Bitcoin SV's enormous rally on Craig's (false) news played a serious part. A significant volume went into the coin, then it took an immense jump (something we haven't seen a top cap coin do independently in the market in a long while) then various other alts started popping and the whole market started to (tentatively) move upwards. It also mirrors last year where there was a recovery just after Christmas (which later turned into a BTC run), so that would have helped sentiment

It's the single most surprising thing I've seen since 2017 and wasn't expecting it in the slightest, and I follow this crap on an hourly basis. If it made me bullish on crap alts (I immediately bought some dog**** like BCD and BTG which then rocketed up) then it's understandable why the market took to it. BSV is as crap as you can get in the top 10.

The BTC halving is coming and Eth 2.0, so it seemed to trigger the impending runs for those. Crypto is a flock of birds it can turn on practically nothing.

I honestly think a big part is current crypto holders using defi to leverage up and buy more Eth against their current Eth holdings. That's what I did. I and many other never used defi till last month or two when a bunch of easy to use dapps launched and the market looked like it was on a slow and steady upswing with eth 2.0 and halving.

And as the demand for dai borrowing increases, the rate goes up， thus attracting even more people to buy Eth and Maker and Dai to get the staking and deposit returns. You literally can't go wrong in the CURRENT market with a strong upswing. You either buy dai to get the interest when locking in deposit or your borrow dai against your eth (which helps going up in price) , which allows you to borrow more Dai to buy yet more Eth....

And yes I'm very aware that there's a risk there where the collateral depreciates at the same rate as the borrowiing or more. Now it's an upward curve so everything is rosy. I wouldn't use defi late in the Cycle for longs.

maninasia · 13-02-2020 04:59PM

maninasia wrote: »

I honestly think a big part is current crypto holders using defi to leverage up and buy more Eth against their current Eth holdings. That's what I did. I and many other never used defi till last month or two when a bunch of easy to use dapps launched and the market looked like it was on a slow and steady upswing with eth 2.0 and halving.

And as the demand for dai borrowing increases, the rate goes up， thus attracting even more people to buy Eth and Maker and Dai to get the staking and deposit returns. You literally can't go wrong in the CURRENT market with a strong upswing. You either buy dai to get the interest when locking in deposit or your borrow dai against your eth (which helps going up in price) , which allows you to borrow more Dai to buy yet more Eth....

And yes I'm very aware that there's a risk there where the collateral depreciates at the same rate as the borrowiing or more. Now it's an upward curve so everything is rosy. I wouldn't use defi late in the Cycle for longs.

I've made great gains over the last month and not told a single person . That's what two plus years of a horrendous crypto winter and egg on Face will do to a person ! Not one soul in real life. That's how volatile this space and how many times I've been burnt.

JJJJNR · 13-02-2020 05:11PM

Alt season is here, huge gains in the last 24hrs with one bag hitting 84%, hope it continues.

Dohnjoe · 13-02-2020 05:15PM

JJJJNR wrote: »

Alt season is here, huge gains in the last 24hrs with one bag hitting 84%, hope it continues.

Gifto? Hbar? Gas from the day before?

q85dw7osi4lebg · 13-02-2020 06:54PM

Thargor wrote: »

Printed?

Closed on the 5 minute on Coinbase at it. Not a momentary wick.

tcawley29 · 13-02-2020 07:00PM

My stupid alt still isn't missing... damn one harmony. Really hoping someone starts a p&d on it at this stage. I've lost so much on it I cannot sell it but a little p&d might bring me back to where I bought in. If that happened I'd go for eth and ltc and let that sit I think

Dohnjoe · 13-02-2020 08:07PM

tcawley29 wrote: »

My stupid alt still isn't missing... damn one harmony. Really hoping someone starts a p&d on it at this stage. I've lost so much on it I cannot sell it but a little p&d might bring me back to where I bought in. If that happened I'd go for eth and ltc and let that sit I think

ATH was around $0.030 correct? seems to be currently $0.007

That's not too bad, most alts are still down 90% on ATH or more. I'd sit on it and wait.

tcawley29 · 13-02-2020 08:52PM

Dohnjoe wrote: »

ATH was around $0.030 correct? seems to be currently $0.007

That's not too bad, most alts are still down 90% on ATH or more. I'd sit on it and wait.

Oh absolutely. It would be lunacy to sell it now. I'll just have to wait this one out. Either people will get their faith back and invest or someone will have a pump and dump.
As long as I get rid of it at a decent price I'm happy enough

Dohnjoe · 13-02-2020 09:10PM

tcawley29 wrote: »

Oh absolutely. It would be lunacy to sell it now. I'll just have to wait this one out. Either people will get their faith back and invest or someone will have a pump and dump.
As long as I get rid of it at a decent price I'm happy enough

Rank 157, not great, not terrible. It was launched on the secondary markets at last years peak (June-ish), so a bad time for price. I think it's max supply is around 12 bn, so at current prices 70 quid for a millionth of max supply is alright. It's on Binance - good and it hasn't done anything dramatic yet in terms of price, also good. Their website is still very 2019, including no 2020 roadmap, which is a bit scary - as a concerned investor send them a message to update their website ASAP

Arrival · 14-02-2020 12:54AM

maninasia wrote: »

I've made great gains over the last month and not told a single person . That's what two plus years of a horrendous crypto winter and egg on Face will do to a person ! Not one soul in real life. That's how volatile this space and how many times I've been burnt.

Best to keep it that way as well, most people just **** talked cryptocurrencies with soundbites they got from media outlets when we'd bring them up in conversation so **** them, when it all skyrockets and we're all living well we can look back and laugh at the ignorance they showed during the times we tried to actually bring a bit of awareness to them about it

JJJJNR · 14-02-2020 01:10PM

Planning the exit strategy now from crypto there's too much uncertainty about and with the market somewhat up it might be best to cash out soon. It's been a fun 2 years lads.

banie01 · 14-02-2020 01:31PM

JJJJNR wrote: »

Planning the exit strategy now from crypto there's too much uncertainty about and with the market somewhat up it might be best to cash out soon. It's been a fun 2 years lads.

I'd crystalised some gains @10days ago....
When i say some, i'd moved everything i owned back to Fiat.
Will drop back in over the next month or so, but delighted my itchy trigger finger pushed the entire market up :P

Ye are welcome lads! :pac:

unkel · 14-02-2020 02:31PM

JJJJNR wrote: »

Planning the exit strategy now from crypto there's too much uncertainty about and with the market somewhat up it might be best to cash out soon. It's been a fun 2 years lads.

If you are getting more fiat out than you ever paid in, then why not? A profit is a profit. I do it all the time with "real" shares. Sell when I hit my profit target, might be as modest as 10%. Even if you are selling at a loss, the certainty of the loss might be preferable over an unknown but possibly far bigger loss in future.

I was tempted a few months ago when I temporarily was overall in the black in crypto (for the first time in years). But I'll HODL on for the moment. In fact I'm doing a lot more than just holding as my coinage is increasing through mining, and mostly through masternoding.

q85dw7osi4lebg · 14-02-2020 03:15PM

Can’t believe people are selling, still buying every Friday here. Can’t get enough Bitcoin.

jimmii · 14-02-2020 05:02PM

What are peoples opinions on chainlinks rise? Its graph seems to have detached from btc quite a bit this week are we likely to see a big kick back or do you think >4 is likely to hold or is it just a case of who tf knows!

jimmii · 14-02-2020 05:07PM

Addison Fancy Macrame wrote: »

Can’t believe people are selling, still buying every Friday here. Can’t get enough Bitcoin.

If there weren't sellers you wouldn't be able to buy! I think theres another of people who just look to buy under 10 and sell over 10 and then rinse and repeat.

grindle · 14-02-2020 05:22PM

jimmii wrote: »

Chainlink
...
who tf knows!

This.

I can guarantee it'll move in one of three directions and that's as accurate an assessment as anybody could make.

q85dw7osi4lebg · 14-02-2020 05:57PM

jimmii wrote: »

If there weren't sellers you wouldn't be able to buy! I think theres another of people who just look to buy under 10 and sell over 10 and then rinse and repeat.

Well I understand the miners selling, not retail.

The hassle of taxes when buying and selling for a small gain, not for me.

HODL on.

Lex Luthor · 14-02-2020 06:18PM

Cashing out of crypto now , imo I think you'd be mad but everyone has their reasons

I'm working on my exit strategy for all my holdings and as I dont need the money right now and hope to stick to it

Not an easy thing to do as its hard to predict what prices and what percentages to cash out to, but I'm basing it on an overall amount and see what happens

Few trades in between every now and again to keep my eye on the market

jimmii · 14-02-2020 07:48PM

Lex Luthor wrote: »

Cashing out of crypto now , imo I think you'd be mad but everyone has their reasons

I'm working on my exit strategy for all my holdings and as I dont need the money right now and hope to stick to it

Not an easy thing to do as its hard to predict what prices and what percentages to cash out to, but I'm basing it on an overall amount and see what happens

Few trades in between every now and again to keep my eye on the market

Yeah it's just getting fun! I'm nowhere near tempted to cash out right now. My crypto is only a relatively small part of my overall holdings and apart from a couple of punty low cap AIM stocks everything else I have is pretty boring and safe crypto is my fun time. It might never really blow up but if it does then at least I got in pretty early.

Grumpypants · 14-02-2020 08:25PM

This is the best bit.

ETH has been seriously undervalued for months, should be closer to 500-600. I'd expect it to grow a bit more and then swing into Bitcoin and boost that.

themossinator · 14-02-2020 08:43PM

Addison Fancy Macrame wrote: »

Can’t believe people are selling, still buying every Friday here. Can’t get enough Bitcoin.

dollar cost averaging?

Lex Luthor · 14-02-2020 10:48PM

Grumpypants wrote: »

This is the best bit.

ETH has been seriously undervalued for months, should be closer to 500-600. I'd expect it to grow a bit more and then swing into Bitcoin and boost that.

it might be a good idea of converting some BTC into ETH as the rate of growth in the short term could be better from ETH and then convert back into BTC

q85dw7osi4lebg · 14-02-2020 11:27PM

themossinator wrote: »

dollar cost averaging?

Used to dollar cost average now I Bitcoin cost average, same amount of BTC each week.

Arrival · 15-02-2020 12:08AM

Crazy to me that anyone would consider getting out now when things seem to finally be heating back up after the bear market over the last couple of years, the halving is in a couple of months and the months/year following this should be very exciting

maninasia · 15-02-2020 12:19AM

unkel wrote: »

If you are getting more fiat out than you ever paid in, then why not? A profit is a profit. I do it all the time with "real" shares. Sell when I hit my profit target, might be as modest as 10%. Even if you are selling at a loss, the certainty of the loss might be preferable over an unknown but possibly far bigger loss in future.

I was tempted a few months ago when I temporarily was overall in the black in crypto (for the first time in years). But I'll HODL on for the moment. In fact I'm doing a lot more than just holding as my coinage is increasing through mining, and mostly through masternoding.

I increased my holdings a lot , not by major fiat but more by leveraging by loaning dai to my myself from my crypto collateral. Just another strategy. If it doesn't work out well it's my crypto that takes the hit more than my cash savings. So I can use my spare cash every month to diversify my investments into stocks or whatever (cos I'm already heavily concentrated in crypto it's a risk).

maninasia · 15-02-2020 12:19AM

unkel wrote: »

If you are getting more fiat out than you ever paid in, then why not? A profit is a profit. I do it all the time with "real" shares. Sell when I hit my profit target, might be as modest as 10%. Even if you are selling at a loss, the certainty of the loss might be preferable over an unknown but possibly far bigger loss in future.

I was tempted a few months ago when I temporarily was overall in the black in crypto (for the first time in years). But I'll HODL on for the moment. In fact I'm doing a lot more than just holding as my coinage is increasing through mining, and mostly through masternoding.

I increased my holdings substantially, not by major fiat but more by leveraging by loaning dai myself from my crypto collateral and using to buy other coins. Just another strategy. If it doesn't work out well it's my crypto that takes the hit more than my cash savings. So I can use my spare cash every month to diversify my investments into stocks or whatever (cos I'm already heavily concentrated in crypto it's a risk).

Later if and when ethereum settles at a much higher value and volatility reduces , I can just stake it or deposit it for interest or use it for collateral to loan myself funds. I don't intend to cash out unless there's a crack up boom and then I'll cash a portion.

I think I'm just about in the black for my crypto investments, I was only in the red for maybe three or four months ever lol cos I started back Oct timeframe 2017. I had plenty of time.to research the cycles of crypto.
This bear market has been the longest and the worst I really hope it's over !
The previous history of bitcoin cycles suggests it will reach five to ten times it's previous ath. So a conservative number for next ath is 100k bitcoin. That is a conservative number if you follow it's history, really.

Fortunately I understand it's good to diversify so I have been doing that too and I am a genuine fan of smart contract ecosystems.

maninasia · 15-02-2020 12:27AM

Arrival wrote: »

Crazy to me that anyone would consider getting out now when things seem to finally be heating back up after the bear market over the last couple of years, the halving is in a couple of months and the months/year following this should be very exciting

It's crazy to proper crypto heads like us but some people can't handle the risk profile.
But I do think it's a bad time to withdraw funds.
But if I had that attitude back end 2017 I would have come out better.

Anyway...Just in terms of halving, 2.0 and defi...No I would not recommend stepping away from the crypto market right now.ðŸ˜€

Is anyone else starting to become a bit excited?

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