I just bought $200,000 of Bitcoin

[heiri007]

On another note: Thailand is quite crypto-friendly and one more the more progressive countries in regards to blockchain revolutionizing finance and other sectors.

 

Why would anyone use banks these days to wire money internationally? New much cheaper and much faster services mostly run on such blockchains, e.g. XRPL. You won't know you're using it, but select digital currencies are for real, solving real problems.

 

Of course anyone has the right to ignore progress. If you're happy with the meager interest a bank account pays, oh wait, did I mention inflation?

[Sparktrader]

Btc break above 45k would see 50 to 55k as targets. Then some profit taking.

[Neeranam]

  On 2/16/2022 at 8:59 AM, ed strong said:

Apologies if this is too harsh, but really ignorant to post things you have no idea of.

Expand  

 

[Neeranam]

  On 2/16/2022 at 9:37 AM, Sparktrader said:

Btc break above 45k would see 50 to 55k as targets. Then some profit taking.

Expand  

Btc is only 30% off its all time high. This can be recovered in a very short time. 

It is also 30% from its local low. Risk to reward ratio is important here. 

 

I can see Btc hitting $200k this year and $1 million by 2030. 

 

[Sparktrader]

  On 2/16/2022 at 9:54 AM, Neeranam said:

Btc is only 30% off its all time high. This can be recovered in a very short time. 

It is also 30% from its local low. Risk to reward ratio is important here. 

 

I can see Btc hitting $200k this year and $1 million by 2030. 

 

Expand  

It might. 150k would be my target this year. 150/44 is a good return.

 

[Neeranam]

  On 2/16/2022 at 3:49 AM, Whale said:

. I just seek non-biased information.

Expand  

This guy is very unbiased. Good, easy to understand metrics,

 

[worgeordie]

  On 2/16/2022 at 8:45 AM, Neeranam said:

Where have you noticed this?

 

People I know don't push it, but maybe suggest it to close friends and relatives.

It really is a once in a lifetime opportunity ????

Expand  

On here for a start , you are always pushing it... sparktrader right behind you .

regards worgeordie

[Neeranam]

  On 2/16/2022 at 12:09 PM, worgeordie said:

On here for a start , you are always pushing it... sparktrader right behind you .

regards worgeordie

Expand  

I am not. I am interested in it and think it's a great investment, nothing else. I used to go on about the TMB SET 50 back in the day, doesn't mean I was pushing it. 

[Whale]

  On 2/16/2022 at 6:05 AM, Sparktrader said:

Then decide based on objective data not guess

Expand  

To quote someone that made me smile "Technical Analysis is Astrology for men". Although the area were I do think this does not hold is in scalping, which is a successful strategy because of bots causing the constant small scale volatility a given.

[Sparktrader]

  On 2/16/2022 at 1:05 PM, Whale said:

To quote someone that made me smile "Technical Analysis is Astrology for men". Although the area were I do think this does not hold is in scalping, which is a successful strategy because of bots causing the constant small scale volatility a given.

Expand  

Technical analysis is vastly superior to fundamentals on trend changes. Volume and price. Thats all it is. You cant pick trend changes based on last year eps or future predictions. A 5 ema crossing a 63 ema shows based on mathatics the trend has change. Volume confirms this. 

 

Forecasting earnings is astrology. Most broker forecasts for profit past 18 months are rubbish. Nearly always wrong by wide margins.

 

And coins have no earnings so you cannot allocate pe rations or dcfs.

 

Tech analysis is the only way to view them.

 

 

[Sparktrader]

Volume spike 1 day before low

Then 5 ema crossed 63 tema at 37,000

Now 44,000

 

So techs said trend change

 

 

 

What " funny mentals" predicted the trend change? There arent any.

 

Funny mentals only work with old school stocks like food etc with predictable earnings.

 

 

[Adumbration]

  On 2/15/2022 at 9:20 AM, Pravda said:

 

It will never go to zero. Every average millionaire could swoop it up.

 

Entry point 55,600

 

 

Expand  

So down $525 dollars today...

[Pravda]

  On 2/16/2022 at 2:22 PM, Adumbration said:

So down $525 dollars today...

Expand  

I sold half yesterday. Maybe you missed that post.

[Chris.B]

  On 2/16/2022 at 12:22 PM, Neeranam said:

I am not. I am interested in it and think it's a great investment, nothing else. I used to go on about the TMB SET 50 back in the day, doesn't mean I was pushing it. 

Expand  

You do push it, Worgeorgie is correct. ????

 

[Neeranam]

  On 2/16/2022 at 3:00 PM, Chris.B said:

You do push it, Worgeorgie is correct. ????

 

Expand  

Do you really think if I was pushing bitcoin I would do it on a website where the average age of members is probably over 60?

Jeez, the hate in some of the topics is unbelievable. Pushing, shilling, Ponzi, pyramid, North Korea, Russia.. 

[Pravda]

I think I'll go all in with polkadot.

 

I'll listen to neeranam on that one after reading this tidbit from Forbes 

 

 

 

 

 

 

 

 

 

 

[fdsa]

  On 2/17/2022 at 3:34 AM, Pravda said:

I think I'll go all in with polkadot.

 

I'll listen to neeranam on that one after reading this tidbit from Forbes 

 

 

 

 

 

 

 

 

 

 

Expand  

obviously fake table which only purpose is to lure people into buying some particular sh'tcoins. And one person got caught already ????

 

[Neeranam]

  On 2/17/2022 at 3:34 AM, Pravda said:

I think I'll go all in with polkadot.

 

I'll listen to neeranam on that one after reading this tidbit from Forbes 

 

 

 

 

 

 

 

 

 

 

Expand  

You can up to 17% apr on DOT, but I like the security/convenience of a US bank, Kraken. 

 

I am also big in Solana, and stake/farm that on Raydium exchange, getting 47% apr. 

 

Better to spread it around. I think it is wise to stay away from Bitcoin, as there are larger gains to be made elsewhere. 

[Sparktrader]

  On 2/16/2022 at 8:42 AM, Neeranam said:

I agree with that figure if you know nothing about crypto.

Makes sense to research, learn and put 50%+ in.

Expand  

Depends on knowledge. If you know a stock putting 25% might be the go. Same same crypto or anything.

 

 

[Pravda]

I see some stupidly high staking returns on biance. How safe is this. Anyway, this one seems to be "sold out".

 

 

[Neeranam]

  On 2/17/2022 at 7:16 AM, Pravda said:

I see some stupidly high staking returns on biance. How safe is this. Anyway, this one seems to be "sold out".

 

 

Expand  

Binance is safe. 

 

I stake/farm EGLD/MEX on Maiar exchange, it's currently at 200% Apr but can't withdraw for 1 year.

 

[happydreamer]

This thread is epic.  Keep it running

[happydreamer]

I have an account with Block Fi and they had a promo that went like this.

 

For the first three months you earned 3.5% BTC rewards on all purchases and and 1.5% after three months.

You also earn interest on your crypto (any crypto) holdings that you deposit into your "interest account". 

 

They just cut out the option to adds funds to your interest account but you still earn interest on the crypto thats in there.  Once you take it out though you can't put it back into the interest account.

 

I don't know much about staking.  It seems like a hedge against crypto prices falling.  The only thing s is, like Neeranam said, it's locked up for a finite period so if crypto flies like it did last year, you miss out on those gains.  But if you're a HODL'r it might make sense.

 

Is this a correct understanding?

[Neeranam]

  On 2/17/2022 at 11:53 AM, happydreamer said:

I have an account with Block Fi and they had a promo that went like this.

 

For the first three months you earned 3.5% BTC rewards on all purchases and and 1.5% after three months.

You also earn interest on your crypto (any crypto) holdings that you deposit into your "interest account". 

 

They just cut out the option to adds funds to your interest account but you still earn interest on the crypto thats in there.  Once you take it out though you can't put it back into the interest account.

 

I don't know much about staking.  It seems like a hedge against crypto prices falling.  The only thing s is, like Neeranam said, it's locked up for a finite period so if crypto flies like it did last year, you miss out on those gains.  But if you're a HODL'r it might make sense.

 

Is this a correct understanding?

Expand  

No, this 1 year period is only for the Maiar exchange as it is a new one. You can stake for 200% and wait a year or 14%, which you can sell any time. 

 

The 12% for Polkadot on Kraken has no holding period.  Kraken is a US bank and you can also get 2% on USD, 23% for Kava, 18% for Kusama, and many other that also don't have any tied up time. Only 0.25% for Bitcoin. 

 

The 47% for Solana/Raydium on Raydium exchange is also redeemable any time. 

 

I use the Crypto.com debit card and get 3% back on all purchases, free first-class airport lounges, free Spotify/Netflix and a few other benefits. 

[Pravda]

  On 2/17/2022 at 12:05 PM, Neeranam said:

The 12% for Polkadot on Kraken has no holding period.  Kraken is a US bank and you can also get 2% on USD, 23% for Kava, 18% for Kusama, and many other that also don't have any tied up time. Only 0.25% for Bitcoin. 

Expand  

I just noticed ndax charges 20% fees on staking rewards which essentially cuts the interest to 9%. What are the fees on biance and kraken for staking rewards.

[Neeranam]

  On 2/17/2022 at 12:09 PM, Pravda said:

I just noticed ndax charges 20% fees on staking rewards which essentially cuts the interest to 9%. What are the fees on biance and kraken for staking rewards.

Expand  

I haven't noticed any fees on Kraken.  The DOT is automatically restaked. 

 

There maybe be a small fee on Binance, not large enough for me to notice it. 

[dj230]

  On 2/16/2022 at 9:04 AM, heiri007 said:

On another note: Thailand is quite crypto-friendly and one more the more progressive countries in regards to blockchain revolutionizing finance and other sectors.

 

Why would anyone use banks these days to wire money internationally? New much cheaper and much faster services mostly run on such blockchains, e.g. XRPL. You won't know you're using it, but select digital currencies are for real, solving real problems.

 

Of course anyone has the right to ignore progress. If you're happy with the meager interest a bank account pays, oh wait, did I mention inflation?

Expand  

Because my money doesn't drop 30% of its value in a weekend in a bank, all my money is transferred fine now, although I agree blockchains could be of future use, once there is a central bank crypto currency + banks using the technology, but the cryptocurrencies as of now are just Ponzi's, just don't be the last one holding the bag 

[Neeranam]

  On 2/17/2022 at 12:09 PM, Pravda said:

I just noticed ndax charges 20% fees on staking rewards which essentially cuts the interest to 9%. What are the fees on biance and kraken for staking rewards.

Expand  

There are many good vdos out there, this was from today. 

 

 

 

[Neeranam]

  On 2/17/2022 at 12:15 PM, dj230 said:

Because my money doesn't drop 30% of its value in a weekend in a bank, all my money is transferred fine now, although I agree blockchains could be of future use, once there is a central bank crypto currency + banks using the technology, but the cryptocurrencies as of now are just Ponzi's, just don't be the last one holding the bag 

Expand  

Banks are using cryptocurrencies, you don't know what you are talking about. SCB were using XRP a couple of years ago for cross-border transaction but now using XLM, I think. All banks will have to use it or they will become like Blockbuster. 

 

 

[Pravda]

  On 2/17/2022 at 12:15 PM, Neeranam said:

There are many good vdos out there, this was from today. 

 

 

 

Expand  

 

Thanks. I know about these already but it's a bit risky for me for now