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  1. #6931
    Wage Cuckin' It BetaAsPhuck's Avatar
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    Originally Posted by Serenadium View Post
    I can't believe there are people that think only ETH will exist and be the dominant platform (or even worse, the one that takes all)



    The future is multi-chain. Different blockchains adjusted with different technical parameters for different use cases. Also fees will be different depending on needs and competitiveness.

    https://haseebq.com/defi-in-eth2-cit...rbs-and-farms/
    Yep. Also that image is just ETH to ETH fees, it doesn't take into account that the fees are even more higher if you are using a DEX or DEFI platform. I got a $56 fee recently for an average speed transaction when I wanted to make a swap.

    ETH 2.0 is years away. Layer 2 solutions like Polygon (MATIC) can only do so much. Even if ETH 2.0 rolled out next Tuesday, a very small percentage of the population uses DEFI and NFT platforms, if we truly onboard the world then the fees would climb again because there are a finite amount of transactions in a block.

    BNB and BSC exploding in popularity shows that the market is looking for solutions. Cardano began it's massive pump after people realized that the high gas fees aren't going away.
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  2. #6932
    Registered User entropy91's Avatar
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    Originally Posted by lowstrife View Post
    Tether & @Bitfinex have reached a settlement with @NewYorkStateAG. After 2.5 years and 2.5M pages of info shared, we admit to no wrongdoing and will pay US$18.5M to resolve this matter.

    No finding that Tether ever issued without backing or to impact crypto prices. This settlement shows our commitment to the future of the industry, and to transparency with quarterly disclosures of @tether_to reserves going forward.

    https://tether.to/tether-and-bitfine...nerals-office/
    You beat me to it lol

    https://mobile.twitter.com/Tether_to...Ctwgr%5Eauthor

    Bullish AF
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  3. #6933
    Registered User entropy91's Avatar
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    Originally Posted by chalup View Post
    the hell am I supposed to do with it then lol? kraken doesn't have xrp, signup for binance and use vpn? Thats literally the dumbest shiet ever


    edit: here we go boys. Mooning hard right now. Thank god my wife won't yell at me
    I think XRP breh is using a VPN on kraken. Not sure bby.

    You could check kucoin

    Edit: depending on when you bought XRP you'll get flare tokens breh. Don't forget
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  4. #6934
    Pretentious Miscer W1LLW's Avatar
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    Originally Posted by chalup View Post
    the hell am I supposed to do with it then lol? kraken doesn't have xrp, signup for binance and use vpn? Thats literally the dumbest shiet ever


    edit: here we go boys. Mooning hard right now. Thank god my wife won't yell at me
    Since you forgot you even had the xrp, i honestly wouldn't even touch it. Coinbase suspended trading for XRP when the SEC bullschit came out and sent the price crashing to .18.

    By the time this is all said and done, and coinbase activates XRP trading again that 5000 stack will be worth at least $10,000

    Originally Posted by entropy91 View Post
    I think XRP breh is using a VPN on kraken. Not sure bby.

    You could check kucoin

    Edit: depending on when you bought XRP you'll get flare tokens breh. Don't forget
    vpn on binance.



    Edit: it's all cute and dandy that we bounced off 45,500 but i wonder how long it is before we get out above 50k again. Kinda seems like that wants to be the new ceiling.
    Last edited by W1LLW; 02-23-2021 at 05:45 AM.
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  5. #6935
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    Originally Posted by lowstrife View Post
    The swings were not that large in 2017.

    Percentage-wise, the dips were much larger in 2017 than 2021 though. So seems a little more volatile back then.
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  6. #6936
    Registered User entropy91's Avatar
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  7. #6937
    Throbbing Member jamalfudge's Avatar
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    Originally Posted by lowstrife View Post
    Tether & @Bitfinex have reached a settlement with @NewYorkStateAG. After 2.5 years and 2.5M pages of info shared, we admit to no wrongdoing and will pay US$18.5M to resolve this matter.

    No finding that Tether ever issued without backing or to impact crypto prices. This settlement shows our commitment to the future of the industry, and to transparency with quarterly disclosures of @tether_to reserves going forward.

    https://tether.to/tether-and-bitfine...nerals-office/
    "Resolved"

    Edit:
    Originally Posted by entropy91 View Post
    So Tether can't operate in NY as a part of their agreement. Convenient how Tether left that out of their statement posted at the top of the page. I don't know all of the implications of this but one possible outcome is seeing a flood of tether back INTO the market after a brief period of FUD. Also makes sense with the dump this week. Big players likely knew this outcome ahead of time and took out profits before everybody else did.
    Last edited by jamalfudge; 02-23-2021 at 07:09 AM.
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  8. #6938
    Registered User entropy91's Avatar
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    This is going to get interesting. Wouldn't be surprised to see 40k.
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  9. #6939
    Registered User entropy91's Avatar
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    I swear to god I am in a simulation. Fantom is the one ****ing coin I sell to buy back cheaper and it is still ****ing moving upwards in this giant correction.
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  10. #6940
    Pretentious Miscer W1LLW's Avatar
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    Chased KSM at 255 like a cuck so i got stopped out of my sell trigger. GRT and XRP holding my portfolio strong though. The other third of my portfolio is in Tether now.

    Funnily enough, despite fumbling entries this morning, my portfolio is up 1k from last night. Planning an exit for GRT and XRP here now though to get a better buy in price later today/this week.

    Originally Posted by entropy91 View Post
    I swear to god I am in a simulation. Fantom is the one ****ing coin I sell to buy back cheaper and it is still ****ing moving upwards in this giant correction.
    yeah that's brazy.
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  11. #6941
    Registered User letitride0's Avatar
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    back up to 48k
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  12. #6942
    Pretentious Miscer W1LLW's Avatar
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    Originally Posted by letitride0 View Post
    back up to 48k
    Reeks of dead cat bounce. I bet traders take profits at 48500 and 49000. I'm not going to start placing buys again until i see 40k. Tethered up now with an alert set for BTC/USD crossing under 43,500. You boyos have fun today. I'm out.
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  13. #6943
    Registered User Phobaphobia's Avatar
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    Everything is taking off. Not sure what to believe.

    Side note, I saw the stock market was down across the board today too.
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  14. #6944
    Registered User entropy91's Avatar
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    Originally Posted by jamalfudge View Post
    "Resolved"

    Edit:


    So Tether can't operate in NY as a part of their agreement. Convenient how Tether left that out of their statement posted at the top of the page. I don't know all of the implications of this but one possible outcome is seeing a flood of tether back INTO the market after a brief period of FUD. Also makes sense with the dump this week. Big players likely knew this outcome ahead of time and took out profits before everybody else did.
    Looks like they're trying to blame the payment processor for holding a billion dollars hostage. I'm not entirely sure why the NYAG has any type of jurisdiction to sue tether in the first place. Tether isn't even an American entity.

    The lawsuit apparently states tether admits to no wrongdoing, but then the NYAG is saying otherwise. No one will ever really know. This being resolved and transparency going forward is bullish tho.
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  15. #6945
    Buy high, sell higher. HMFIC_BROWSIN's Avatar
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    Can't log in to coinbase pro?
    MTB = leg day
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  16. #6946
    Registered User chalup's Avatar
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    Originally Posted by entropy91 View Post
    This is going to get interesting. Wouldn't be surprised to see 40k.
    You shut your mouth right now. Can they fight this? how do they enforce this?
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    Originally Posted by Phobaphobia View Post
    Everything is taking off. Not sure what to believe.

    Side note, I saw the stock market was down across the board today too.
    Crazy how it seems to match the stock market. The last crash in March was during the stock market crash also.
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    Teslaโ€™s share price is now directly tied to the value of bitcoin, analyst says

    https://www.cnbc.com/2021/02/23/tesl...yst-warns.html
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    Originally Posted by dankydank View Post
    Crazy how it seems to match the stock market. The last crash in March was during the stock market crash also.
    Really makes you wonder who's pulling the strings behind the scenes.

    JK.

    Kinda.
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    Originally Posted by letitride0 View Post
    Teslaโ€™s share price is now directly tied to the value of bitcoin, analyst says

    https://www.cnbc.com/2021/02/23/tesl...yst-warns.html
    Seems about right. Tesla opened up down 7.8% today lol
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    Originally Posted by jBrahh View Post
    Percentage-wise, the dips were much larger in 2017 than 2021 though. So seems a little more volatile back then.
    One big concern this time is how fast bitcoin has gotten the public attention after breaching all time highs.

    The 2017 run was relatively quiet till 10k.

    Imo from here if price continues to rise exponentially - it could something fundamental has changed with bitcoin with mass public adoption under progress and the manipulators no longer have as much influence over the price movements and it would be up only. big market players like Arthur hayes have been driving bitcoin movements for the last few years, has this trend changed in 2021? we don't know.

    There's a chance this rally might not be as glorious as the one we got in 2017..we are all hoping for a rally like the one we got in 2017..whether we get the same movements no one knows.

    stonks are influencing btc movements - as long as stonks go up, btc will do the same imo. not seeing any major weakness with stonks price movement atm.
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  22. #6952
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    Originally Posted by chalup View Post
    You shut your mouth right now. Can they fight this? how do they enforce this?
    can who fight what?
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  23. #6953
    Buy high, sell higher. HMFIC_BROWSIN's Avatar
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    Mother fuker, cock sucker.

    Literally had my ETH stop-loss order @ almost today's exact low to the fukin dollar.

    Raging.
    MTB = leg day
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  24. #6954
    Registered User NorrinRadd12's Avatar
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    Can someone give me a cliffs version of what's going on? I'm assuming it's normal so I'm not worried, just curious.
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  25. #6955
    Registered User entropy91's Avatar
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    Welp took more fantom profits into BTC to hold long term. Only have 100k fanties left. Holding until $1.5 - $2.
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  26. #6956
    Registered User jBrahh's Avatar
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    Originally Posted by HMFIC_BROWSIN View Post
    Mother fuker, cock sucker.

    Literally had my ETH stop-loss order @ almost today's exact low to the fukin dollar.

    Raging.
    Sucks, sorry to hear that man. Had that happen to me several times a few weeks ago during that 2-3 week correction. Got chopped out a few times.
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  27. #6957
    Registered User JuicedMayhem's Avatar
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    Originally Posted by NorrinRadd12 View Post
    Can someone give me a cliffs version of what's going on? I'm assuming it's normal so I'm not worried, just curious.
    Stocks crashed because of sell offs before some government announcements, insiders knew this would happen and dumped a lot of bitcoin. No bad news came out of the announcements. Weโ€™ll be heading back up by the end of the week.
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  28. #6958
    ๐Ÿ…ณ๐Ÿ…ฐ๐Ÿ†‚ ๐Ÿ…ธ๐Ÿ†ƒ Luc1fer's Avatar
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    Originally Posted by NorrinRadd12 View Post
    Can someone give me a cliffs version of what's going on? I'm assuming it's normal so I'm not worried, just curious.
    Standard correction. Bitcoin is the same price as it was 1 week ago.
    ๐•ฎ๐–๐–†๐–˜๐–Š ๐–† ๐–ˆ๐–๐–Š๐–ˆ๐•ถ, ๐–“๐–Š๐–›๐–Š๐–— ๐–ˆ๐–๐–†๐–˜๐–Š ๐–† ๐–‡๐–Ž๐–™๐–ˆ๐–
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  29. #6959
    Registered User MisterInfinity's Avatar
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    My sweet Cosmos outperforming the Market again, inb4 it crashes again more than any other coin hnggggg
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  30. #6960
    Registered User dankydank's Avatar
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    Defi100 I shipped earlier is starting to move up. Could flip now for 30% profit but I think it could go higher. I think it does actually have long term potential as a low risk asset though.
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