Is anyone else starting to become a bit excited?

BrandonBay86 · 18-01-2021 08:17PM

Dohnjoe wrote: »

Amazing that the gains are holding and haven't gone off a cliff yet. I wouldn't be surprised to see a drop at the end of the week, but if it doesn't do anything too crazy could set us up for another run. "Rest of the world" Paypal crypto will be pretty big too.

We’re in a bullish pennant that closes around the 23rd.

Expect some volatility before / around then, upper target 40k again, lower potentially 28/29k.

Would prefer the latter to get some more corn on the cheap.

Regardless, expect a decent move.

Bruno Mannheim · 18-01-2021 08:24PM

shilling & opinion are 2 completely different things

seannash · 18-01-2021 08:46PM

BrandonBay86 wrote: »

We’re in a bullish pennant that closes around the 23rd.

I've heard this bit also that it can breakdown or up at any stage.
Either way a dramatic move is coming alright

BrandonBay86 · 18-01-2021 09:25PM

seannash wrote: »

I've heard this bit also that it can breakdown or up at any stage.
Either way a dramatic move is coming alright

It can go either way. 51% of the time it’s up but I wouldn’t be surprised with a drop.

Volume dropping off too so should be a spicy enough move.

makeorbrake · 18-01-2021 09:52PM

Mellor wrote: »

Inflation IS the increase of prices, not the measurement. CPI is a measurement of inflation.

I didn't think anyone was in doubt about that. However, lets bear in mind that CPI is what central banks/governments, etc. refer to. The measurement was adjusted over the years to exclude items like energy, house prices, food, etc.

Mellor wrote: »

I noticed you dodged the question.

That would infer that you think it's not true? You think there are no countries with capital controls? Lets leave it at a number of countries in Latin America. I'm sure there are others in other regions.

Mellor wrote: »

I mean they are plenty of oppressive governments out there. I feel sorry for those people, generally. But I don’t consider them the norm or worry about their savings. But you do you.

They don't have to be 'oppressive' to have capital controls. It's relevant to anyone who lives in said country - myself included.

Bruno Mannheim · 18-01-2021 10:33PM

BrandonBay86 wrote: »

Volume dropping off too so should be a spicy enough move.

no surprise, tether has stopped printing

pconn062 · 18-01-2021 11:02PM

Bruno Mannheim wrote: »

Alt season approaching
My tip as follows:
Buy the red ones and wait for them to turn green
Sell, rinse & repeat

Dont chase any green candles and keep a level head and try not to over trade
Some days the best trade is no trade

For me for 2021, Zilliqa is a no brainer
currently offering 16% staking rewards and until October for every 1000 ZIL claimed, you get 1gZil
1gZil currently = 1200 ZIL

Zilliqa has to do a 3x to get to its ATH, easily achievable this year

Dont turn down free money when its offered on a plate like this

Do you mind me asking where you are buying your ZIL? Not available on Kraken.

BrandonBay86 · 18-01-2021 11:03PM

Bruno Mannheim wrote: »

no surprise, tether has stopped printing

Guess tether always stop printing when we are in a pennant or flag in that case !

Bruno Mannheim · 18-01-2021 11:31PM

pconn062 wrote: »

Do you mind me asking where you are buying your ZIL? Not available on Kraken.

You can get it on Binance
Or setup atomic wallet and send crypto to your wallet from kraken and swap and stake it there on atomic

BrandonBay86 wrote: »

Guess tether always stop printing when we are in a pennant or flag in that case !

Don’t think they have printed since they submitted docs to the NY AG recently

Bruno Mannheim · 18-01-2021 11:32PM

XTZ is well overdue

Daithi40 · 19-01-2021 12:44AM

could be interesting....

https://www.coindesk.com/gary-gensler-confirmed-as-joe-bidens-sec-chair-pick?amp=1

Mellor · 19-01-2021 12:54AM

makeorbrake wrote: »

I didn't think anyone was in doubt about that.

You wouldn't think so. But that the poster decided to "correct" me. They got it wrong.

That would infer that you think it's not true? You think there are no countries with capital controls? Lets leave it at a number of countries in Latin America. I'm sure there are others in other regions.

Infer? I think you mean imply.
And no. I've haven't implied it's not true, I've simply asked which country. Not sure they you are dodging it.

They don't have to be 'oppressive' to have capital controls. It's relevant to anyone who lives in said country - myself included.

I didn't mention capital in that sentence. I'm saying I feel bad for that people, but that are not the "norm" for most people.
Same applies to people with currency controls. It's unfortunate, but a global norm is it not.

maninasia · 19-01-2021 01:20AM

Bob24 wrote: »

Hedonic quality adjustment also plays a role in hiding some of the cost increases.

If applied harshly: the price of an entry-level laptop remains flat over 5 years, but the processing power of entry-level laptops has doubled over that period. Adjusted for quality, it means there was a 50% deflation in laptop prices (because for the same money you are getting a laptop which is considered twice as good). And thus technology improvement for laptops is driving down CPI figures even though people are still spending the exact same money on laptops.

In practice it is a bit more nuanced and not as brutal as the above exemple, but it is the idea and it does have the effect of lowering CPI figures. And to be clear this is not theoretical - this type of adjustments is actually applied to most consumer price inflation figures (easy to find sources, but see one here).

Laptops have gone up in price slightly. Cars have gone up in price as consumers want more electronics, safety systems, hybrids etc.and they do.lease purchase agreement.

Housing being outside of CPI figures is a complete joke. It is not a one off people have mortgages and pay massive rent .

maninasia · 19-01-2021 01:31AM

Bruno Mannheim wrote: »

Alt season approaching
My tip as follows:
Buy the red ones and wait for them to turn green
Sell, rinse & repeat

Dont chase any green candles and keep a level head and try not to over trade
Some days the best trade is no trade

For me for 2021, Zilliqa is a no brainer
currently offering 16% staking rewards and until October for every 1000 ZIL claimed, you get 1gZil
1gZil currently = 1200 ZIL

Zilliqa has to do a 3x to get to its ATH, easily achievable this year

Dont turn down free money when its offered on a plate like this

Nice advice . Stick to the basics. For me, after a hard learning 2017-2018, I stick to the top fifty mostly and sometimes out to top.100. The only recent green big candle I chased.....I sold my Neo and IOTA to trade...Of course I got burnt on it like a rookie...

I used to hold about 30 coins from that period, vast majority lost money on.

All that said I made big profits by getting into defi coins early, if folks know the Non Fungible leaders to stick a few quid in let me know.

I'm going to look into zilliqa it's one of the few top coins I've never really investigated.

Thanks all for your staking insights, staking offers a quite nice return for doing nothing much and risking nothing much (as long as you can mange your keys and wallet).

maninasia · 19-01-2021 01:44AM

Dohnjoe wrote: »

For anyone else reading, we have utterly no idea if "alt season" will happen, maybe it will, maybe it won't. Likewise maybe this coin will go up, maybe it won't. Be wary of anyone shilling any of these like it's a sure thing.

Personally I have high double digit number of alts by this stage from a bad ICO and alt addiction in 2017. Some are "better" than others, but mostly it's a lottery. And pretty much everyone gets wiped in a bear.

I would advise newbs to focus on the top 50 , top 100 maximum for 90% of their investment . If you are going to put a substantial amount of money in (not just a flutter...speculation for you ), put 80% of tha minimum into ETH and BTC.

The good thing now is that many alts are well built out. Even Tron is quite decent from all accounts.
So I'm talking the big names IOTA, TRON, NEO, NANO these kinds of coins have plenty of runway, NEO and NANO massively below all tine highs but could easily go multiples still.

NEO was 200 USD ATH and now it's 27 USD.
IOTA ATH was 5.3 USD and now it's 0.47 USD.
NANO is 3.5 USD and ATH was around 25 USD.

These are all great projects that I have followed for years. None of them will run off with your money overnight.

makeorbrake · 19-01-2021 02:31AM

Mellor wrote: »

You wouldn't think so. But that the poster decided to "correct" me. They got it wrong.

Who got what wrong?

Mellor wrote: »

Same applies to people with currency controls. It's unfortunate, but a global norm is it not.

Not allowing accounts denominated in other currencies is a form of currency/ capital control. I didn't suggest it was a global norm. However, it's still pretty significant and it shouldn't be written off. We are talking about measures that affect people in the 100s of millions.

Thargor · 19-01-2021 02:36AM

Here goes ETH!

Mellor · 19-01-2021 02:42AM

makeorbrake wrote: »

Who got what wrong?

See post that the quote was responding to.

Not allowing accounts denominated in other currencies is a form of currency/ capital control. I didn't suggest it was a global norm. However, it's still pretty significant and it shouldn't be written off. We are talking about measures that affect people in the 100s of millions.

You described it as the current norm. I'm saying it's not the norm, not that it's ok. Can you give an example of where this happens?
You still haven't said which country you are living in. Is there some top secret reason you can't say?

makeorbrake · 19-01-2021 02:58AM

Mellor wrote: »

You described it as the current norm. I'm saying it's not the norm, not that it's ok.

I think there's a misunderstanding there. I didn't say it was a global norm. What I did say is that there are countries where such controls are implemented.

Mellor wrote: »

Can you give an example of where this happens?

Argentina is one example. I would imagine that of the remaining latin american countries that are not dollar based already, you'd likely have a hard time opening a usd denominated account.

Bruno Mannheim · 19-01-2021 08:55AM

LTC & BCH off aswell

seannash · 19-01-2021 09:26AM

This breakout could be very telling.
I was thinking last night about how for the most part investment in bitcoin has been predominantly by individuals and as a result should be able to be traded a bit easier as human behavior in these situations is somewhat predictable. Now that there is some institutional investment it might make it harder but surely it would make it easier to trade than traditional stocks?
More volatile yes

I'll add I dont trade at all and have no desire to.

Rossdarragh1 · 19-01-2021 11:07AM

Has anyone invested in KR1 on the NEX. I've been following 'wexboy' on twitter but I'm finding it hard to get access to buying the shares on this exchange.

Mellor · 19-01-2021 11:23AM

makeorbrake wrote: »

Argentina is one example. I would imagine that of the remaining latin american countries that are not dollar based already, you'd likely have a hard time opening a usd denominated account.

I know a guy who moved from Argentina. Could change money, but is was limited to an amount per month. Would not like to be trying to flee with millions.
Is that where you are?

BTC fall ended a bit earlier than I expected.

Gooey Looey · 19-01-2021 12:45PM

Here we go ETH!

Dohnjoe · 19-01-2021 12:51PM

maninasia wrote: »

I would advise newbs to focus on the top 50 , top 100 maximum for 90% of their investment . If you are going to put a substantial amount of money in (not just a flutter...speculation for you ), put 80% of tha minimum into ETH and BTC.

The good thing now is that many alts are well built out. Even Tron is quite decent from all accounts.
So I'm talking the big names IOTA, TRON, NEO, NANO these kinds of coins have plenty of runway, NEO and NANO massively below all tine highs but could easily go multiples still.

NEO was 200 USD ATH and now it's 27 USD.
IOTA ATH was 5.3 USD and now it's 0.47 USD.
NANO is 3.5 USD and ATH was around 25 USD.

These are all great projects that I have followed for years. None of them will run off with your money overnight.

Yet they went down 95%+ in less than a year.

I was lucky enough to get alts like Neo when it was Antshares, but they are the most risky assets in an already risky sphere. None of which are a "sure thing".

Bruno Mannheim · 19-01-2021 01:04PM

There goes BTC dominance

Welcome to alt season if we weren’t already in it

Bruno Mannheim · 19-01-2021 01:07PM

Bruno Mannheim wrote: »

XTZ is well overdue

Travala and XTZ

the break out was only a matter of time

cnocbui · 19-01-2021 01:14PM

Bruno Mannheim wrote: »

There goes BTC dominance

Welcome to alt season if we weren’t already in it

With 68% of the market cap of all cryptos put together, Bitcoins dominance has not gone anywhere. Tone down the hyperbole.

Thargor · 19-01-2021 01:16PM

ETH pushing through ATH on a few exchanges now, recent BTC action could keep it going...

Dohnjoe · 19-01-2021 01:17PM

Thargor wrote: »

ETH pushing through ATH on a few exchanges now, recent BTC action could keep it going...

$1500 should make it official (barring some Korean exchanges which went mental)

Is anyone else starting to become a bit excited?

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