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Is anyone else starting to become a bit excited?

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Comments

  • Registered Users, Registered Users 2 Posts: 7,534 ✭✭✭Jeff2


    bfa1509 wrote: »
    I'm only seeing what happened in the last 12 hours now. Do we know what caused it? Not keen on reading back 3 pages of the thread...

    https://www.cnbc.com/2021/02/20/elon-musk-says-bitcoin-seems-high-after-surpassing-1-trillion-market-cap.html


  • Registered Users, Registered Users 2 Posts: 8,147 ✭✭✭Unearthly


    Ada recovered so fast it's in green for today


  • Registered Users, Registered Users 2 Posts: 21,185 ✭✭✭✭cnocbui


    I didn't think Yellen was capable of being so ignorant, I am completely shocked.


  • Registered Users, Registered Users 2 Posts: 2,577 ✭✭✭Irish_rat


    Unearthly wrote: »
    Ada recovered so fast it's in green for today

    The fork in the road picture from Musk?


  • Registered Users, Registered Users 2 Posts: 514 ✭✭✭BrandonBay86


    cnocbui wrote: »
    I didn't think Yellen was capable of being so ignorant, I am completely shocked.

    She’s in bed with half the banks and investment firms.

    https://www.google.ie/amp/s/amp.theguardian.com/business/2021/jan/01/janet-yellen-speaking-fees-us-treasury-secretary


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  • Registered Users, Registered Users 2 Posts: 1,382 ✭✭✭FFVII


    Musk must have sold up his own stash on Friday. Im reallying starting to dislike him and his crap now. Kraken are known for their flash crashing. Its why I don't use them.


  • Registered Users, Registered Users 2 Posts: 177 ✭✭Carbon125


    FFVII wrote: »
    Musk must have sold up his own stash on Friday. Im reallying starting to dislike him and his crap now. Kraken are known for their flash crashing. Its why I don't use them.
    Lennart Ante of the Blockchain Research Lab in Germany set out to measure the Musk Effect: How Elon Musk Moves The Price Of Bitcoin With His Twitter Activity


  • Registered Users, Registered Users 2 Posts: 4,681 ✭✭✭makeorbrake


    Pdoghue wrote: »
    Dunphy's podcast last week had Chris Johns of The Irish Times talking about BTC. For a financial journalist, ex Bank of Ireland, he seemed surprisingly ignorant of crypto and BTC. Brought up the tulip comparison, dollar vs BTC, and energy costs..
    I listened to this - not because I thought it would advance my knowledge on crypto - but because I've not been living in Ireland for a few years and I think these types of interviews can give an indication of where normies are at in their thinking on the subject.
    Dunphy made it patently clear that he had no clue ...fair enough...but could he not even have messaged his buddy (the one he referred to as having made a few quid on crypto) and asked him for some counter points to the so predictable criticism? That said, that guy is a dinosaur - most financial folk are at least thawing out a small bit - he didn't show any such progress - he'd have said the same thing in 2017.
    maniac2003 wrote: »
    Is there any watchouts for using coinbase?
    Fees. Support (although maybe that's not so bad now...i'm not a fan and not a user these days).
    startrek56 wrote: »
    will have a look.. yea the fee was nearly 50 euro just to deposit when i looked!! i signed up to kraken as well but cant see how i can deposit there....
    If you've got signed up and verified - then stick with Kraken for now. It will only confuse you if you start messing with multiple platforms all at once. You can sepa transfer funds in. Find the deposit page - and if you're struggling, check their support articles or support themselves.
    startrek56 wrote: »
    also, is it easy to withdraw back to your account? for example, you double your money in 2 months, is it easy to withdraw initial investment?
    Hold on, didn't you say that you'd be holding for a few years!? :D
    (you can transfer out via sepa transfer).
    I went ahead and just asked them about being able to diversify some of my crypto holdings into investments around sustainability/tech
    should be interesting
    They will tell you that they can't touch your filthy crypto-soiled money because it could potentially have been implicated in money laundering (and if it was, that would be moving in on their territory!!).
    Honestly, I'm getting increasingly confident that I will no longer have to take my $ out of the eco-system. There is a yield curve emerging in crypto. There are now (regulated and unregulated) tokenised equities available - tokenised gold, real estate, crypto lending, etc. Naturally, some are still a bit immature and come with risk attached but things are moving incredibly fast now.
    To say that I'm bitter about retail banks doesn't even cover it - I want their monopoly gone.
    They suspended withdrawals of Ethereum earlier today and did the same last week.
    Any reason given?
    Unearthly wrote: »
    Seen a few people on reddit obliterated because of leveraged positions and are saying it's because of the really low price points compared to other exchanges.

    Dodgy stuff but if you play with leveraged trades then you need to be prepared to get burned alive with reckless risk management
    I feel sorry for someone who's trying to be responsible and setting stop losses. However, I have no pity for these títs on leverage. That's actually really healthy when they get cleared out - these are the guys that really send the market wayward.


  • Registered Users, Registered Users 2 Posts: 84 ✭✭Straight Flush


    bfa1509 wrote: »
    I'm only seeing what happened in the last 12 hours now. Do we know what caused it? Not keen on reading back 3 pages of the thread...

    BTC had gone too high too quickly and needed a reset. The 4-hour RSI was overbought and had bear div, just like January 2/3 before it dumped then too. I do reckon we'll make a new ATH later in the year though. My plan is to put money back in on further dips or else buying at 54-55k if BTC can show that the current reversal is done.


  • Registered Users, Registered Users 2 Posts: 5,672 ✭✭✭seannash


    Now the question is, how will America react.


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  • Registered Users, Registered Users 2 Posts: 5,672 ✭✭✭seannash


    Yes at 11.42
    I understand this was a bit of a jibe at me asking but you weren't that far off :)


  • Registered Users, Registered Users 2 Posts: 2,577 ✭✭✭Irish_rat


    This could be interesting, looks like a nosedive


  • Registered Users, Registered Users 2 Posts: 1,199 ✭✭✭OEP


    Could be the end of this run, I think it's time to wait this one out and see about buying in a few days or more


  • Registered Users, Registered Users 2 Posts: 2,676 ✭✭✭thunderdog


    Chainlink tumbling again on kraken if anyone is looking to pick up some at a discount. Currently at €19 and falling


  • Registered Users, Registered Users 2 Posts: 2,383 ✭✭✭olestoepoke


    Absolute carnage this morning lol.


  • Registered Users, Registered Users 2 Posts: 2,935 ✭✭✭sparrowcar


    I've been waiting patiently for this... great time to buy but looks like this drop off the cliff has good bit more to go.


  • Registered Users, Registered Users 2 Posts: 514 ✭✭✭BrandonBay86


    Bought more now. Smashed broke in FIAT terms.


  • Registered Users, Registered Users 2 Posts: 8,147 ✭✭✭Unearthly


    I think if you can't take the 15-30% corrections then you won't get the huge gains.

    It's long term for me, the money I have in is not essential so even if there is a crash it should bounce around again

    My only disappointment today is that I have no more money to buy the dip


  • Banned (with Prison Access) Posts: 89 ✭✭startrek56


    lads, may be a silly question but im on kraken here trying to deposit money...

    there are 4 options..

    Etana Custody
    Clear Junction (instant and SEPA)
    Bank Frick(SEPA)
    In Core bank (SEPA)

    what the hell are all of those?! :)

    want to transfer from an irish bank account, which one should i use?


  • Registered Users, Registered Users 2 Posts: 514 ✭✭✭BrandonBay86


    Unearthly wrote: »
    I think if you can't take the 15-30% corrections then you won't get the huge gains.

    It's long term for me, the money I have in is not essential so even if there is a crash it should bounce around again

    My only disappointment today is that I have no more money to buy the dip

    It’s the 15-30% corrections that give the opportunity to make life changing money.


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  • Registered Users, Registered Users 2 Posts: 514 ✭✭✭BrandonBay86


    Sh1tcoins taking an absolute hammering compared to bitcoin. Wonder why ?


  • Registered Users, Registered Users 2 Posts: 514 ✭✭✭BrandonBay86


    startrek56 wrote: »
    lads, may be a silly question but im on kraken here trying to deposit money...

    there are 4 options..

    Etana Custody
    Clear Junction (instant and SEPA)
    Bank Frick(SEPA)
    In Core bank (SEPA)

    what the hell are all of those?! :)

    want to transfer from an irish bank account, which one should i use?

    When I was in a hurry with kraken i just used debit card and took the hit.


  • Registered Users, Registered Users 2 Posts: 15,067 ✭✭✭✭ShaneU


    Bad time to spend 5k yesterday lol


  • Registered Users, Registered Users 2 Posts: 738 ✭✭✭hblock21


    startrek56 wrote: »
    lads, may be a silly question but im on kraken here trying to deposit money...

    there are 4 options..

    Etana Custody
    Clear Junction (instant and SEPA)
    Bank Frick(SEPA)
    In Core bank (SEPA)

    what the hell are all of those?! :)

    want to transfer from an irish bank account, which one should i use?

    I used Clear Junction. Just do a transfer into the IBAN they give you. Very easy.
    No fees.


  • Banned (with Prison Access) Posts: 89 ✭✭startrek56


    When I was in a hurry with kraken i just used debit card and took the hit.

    i dont see that option, only the 4 i listed?


  • Registered Users, Registered Users 2 Posts: 1,633 ✭✭✭flexcon


    For the first time I decided to buy into a dip.

    Fingers crossed

    Dropped 2k split over;
    Bitcoin,
    Xrp
    Chain

    Spread the risk? Meh. Who knows what I’m talking about 😂


  • Registered Users, Registered Users 2 Posts: 40,416 ✭✭✭✭Mellor


    It’s the 15-30% corrections that give the opportunity to make life changing money.

    If you got out at the peak (57-58k) and back in now 48k. That’s a 20% BTC gain. But takes some magic.

    I consider buying now at 48 to be slightly worst than buying last week at 48


  • Registered Users, Registered Users 2 Posts: 514 ✭✭✭BrandonBay86


    startrek56 wrote: »
    i dont see that option, only the 4 i listed?

    I did it on the phone app


  • Registered Users, Registered Users 2 Posts: 8,147 ✭✭✭Unearthly


    Sh1tcoins taking an absolute hammering compared to bitcoin. Wonder why ?

    It's an interesting stress test of what alt coins might have a future. The ones that are folding easily are indeed sh1tcoins.

    There were a lot of alt coins that never recovered from the 2018 crash


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  • Registered Users, Registered Users 2 Posts: 230 ✭✭CantThinkOfANam


    startrek56 wrote: »
    lads, may be a silly question but im on kraken here trying to deposit money...

    there are 4 options..

    Etana Custody
    Clear Junction (instant and SEPA)
    Bank Frick(SEPA)
    In Core bank (SEPA)

    what the hell are all of those?! :)

    want to transfer from an irish bank account, which one should i use?

    I had/have the exact same problem. I’m using BOI.

    I couldn’t transfer to Bank Frick (maybe because it’s in
    Liechtenstein)?

    Clear Junction has terrible reviews on google (anybody any issues)?

    So I used In Core but that’s a Swiss bank account so not sure if that’s creating a target on my head for revenue.

    I’ve been trying to pay by CC just to get started with Kraken but for the life of me I can’t figure it out because I don’t have any option to pay by CC and I have read all the support pages (turning off 2FA etc).


This discussion has been closed.
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