Crypto Blowing Up

rsot · #**397** 03-13-2021

Morning chuckle

nate · #**398** 03-13-2021

Quote:

Originally Posted by quest

Sure they can

Best buyers are "holders" - they raise the price and higher price attracts more buyers, and bubble is growing based on expactation to get rich out of this growth.

Pump & dump - thats what big players do.. microstrategy is best example of it

Show me example of Microstrategy dumping please. You must have a subscription to Glass Node and are able to see Microstrategy's on chain metrics and following their addresses. While your at it, show me example of Grayscale dumping also please.

nate · #**399** 03-13-2021

Quote:

Originally Posted by vogeltron

RSOT so awesome to see you are still a regular on here!!!!

FKN @VOGELTRON'S BACK!!! LFG... UP ONLY...

The way I remember it, it was you who got it poppin' off in here spring of 17'

Your return has been anxiously anticipated and IMO, Phase II has now officially begun.

quest · #**400** 03-13-2021

Quote:

Originally Posted by nate

Show me example of Microstrategy dumping please. You must have a subscription to Glass Node and are able to see Microstrategy's on chain metrics and following their addresses. While your at it, show me example of Grayscale dumping also please.

They are in pumping phase right now, trying to involve more players into BTC. Just look how much effort MicroStrategy CEO Saylor put into promoting BTC on every possible media chanel.
This guy, most likely, involved Tesla into this game.

Of course, they will never announce when they will liquidate their BTC. You will know it after party :D

nate · #**401** 03-13-2021

Quote:

Originally Posted by quest

Of course, they will never announce when they will liquidate their BTC. You will know it after party :D

They will have no choice but to announce when they move so much as a satoshi of bitcoin, blockchain is transparent sir, it is possible to know the moment a transaction is broadcast to the network.

FEW UNDERSTAND THIS.

CaptainComedown · #**402** 03-13-2021

Quote:

Originally Posted by quest

Sure they can

Best buyers are "holders" - they raise the price and higher price attracts more buyers, and bubble is growing based on expactation to get rich out of this growth.

Pump & dump - thats what big players do.. microstrategy is best example of it

Yes I'm aware of how pump and dumps work, but you can just ride them out. The price will go up and then it will come down, and then if you wait patiently it will go back up again, often past the ATH of the previous pump.

Or if you monitor the market daily you can take advantage of the pump. Just sell at the high price and then buy back in when it dips again. I usually put the full amount back in, so my portfolio has the same value but I own more coins.

Like I said, IMO you can only lose money on crypto if you panic and sell in the red

quest · #**403** 03-13-2021

Quote:

Originally Posted by nate

They will have no choice but to announce when they move so much as a satoshi of bitcoin, blockchain is transparent sir, it is possible to know the moment a transaction is broadcast to the network.

FEW UNDERSTAND THIS.

when transaction happens, you will know it after it happend... if you know their wallet address and have software to track it.. :D

quest · #**404** 03-13-2021

Quote:

Originally Posted by CaptainComedown

Yes I'm aware of how pump and dumps work, but you can just ride them out. The price will go up and then it will come down, and then if you wait patiently it will go back up again, often past the ATH of the previous pump.

Or if you monitor the market daily you can take advantage of the pump. Just sell at the high price and then buy back in when it dips again. I usually put the full amount back in, so my portfolio has the same value but I own more coins.

Like I said, IMO you can only lose money on crypto if you panic and sell in the red

Nice, you know how to play

slokor · #**405** 03-13-2021

Quote:

Originally Posted by quest

Nice, you know how to play

Do I need to cue the sarcasm again?
Apparently youre the only one who knows the game and the rest of us who have been in this for years know nothing.
Guess when I bought my Bitcoin holdings at $170 I knew nothing.
Guess me holding my Bitcoins for the last few years and repeatedly saying ill be holding long term and never liquidating any of them for this long was a huge mistake...
Such a shame I lost all this money...
Oh wait... LOL!!!

Soundofsilence · #**406** 03-13-2021

Have 80-20 rule here.

When crypto is at its pick. Wait for 20% drop. Buy it. When crypto goes up, sell it.

After each 20% down, inevitably at least once crypto will go up.

slokor · #**407** 03-13-2021

I don't bother selling it.
I play on the ETH/BTC pair.
Much safer way to make money.

**SaiJin** · #**408** 03-13-2021

The question is how much is high enough for each of us to cash in our coins because we can't hodl forever. Last year I said to myself when my total is 6 figures but now I said 7 figures.

Second which is unclear to me, how safe is it to keep our coins in our wallets like coinbase, Binance , etc for a long time.
I heard of people getting their coinbase wallets suspended for some random reason and not getting their coins.

slokor · #**409** 03-13-2021

I keep the majority of my holdings offline in cold storage wallets.
Id never trust anyone else with whats mine.

**SaiJin** · #**410** 03-14-2021

Hmmm.... I was wondering about if I could put mycoins on an SSD that'll never fail.
So that's what they are called... cold storage.

Time to do a research on the best one then.

james_112233 · #**411** 03-14-2021

Quote:

Originally Posted by SaiJin

The question is how much is high enough for each of us to cash in our coins because we can't hodl forever. Last year I said to myself when my total is 6 figures but now I said 7 figures.

Second which is unclear to me, how safe is it to keep our coins in our wallets like coinbase, Binance , etc for a long time.
I heard of people getting their coinbase wallets suspended for some random reason and not getting their coins.

Terrifies me. And their customer service is abysmal.

But I did verify my account with passport / DL so can't see why they would just lock my account. I even told them how much I plan to put in on sign up.

james_112233 · #**412** 03-14-2021

Quote:

Originally Posted by slokor

I keep the majority of my holdings offline in cold storage wallets.
Id never trust anyone else with whats mine.

What would you recommend, do you have a step by step ? or a link to a how to.

I'm tempted to buy back in when btc dips. Looks like it will hit atleast 50,000 GBP by the end of the year at some point so I do stand to make some money if I put in all of my savings.

**SaiJin** · #**413** 03-14-2021

Quote:

Originally Posted by james_112233

What would you recommend, do you have a step by step ? or a link to a how to.

I'm tempted to buy back in when btc dips. Looks like it will hit atleast 50,000 GBP by the end of the year at some point so I do stand to make some money if I put in all of my savings.

THe prediction for BTC is 220k by end of 2021...
So that's what I'm gunning for.

This is coming from Max Keiser

**SaiJin** · #**414** 03-14-2021

Quote:

Originally Posted by james_112233

Terrifies me. And their customer service is abysmal.

But I did verify my account with passport / DL so can't see why they would just lock my account. I even told them how much I plan to put in on sign up.

Yea well my coinbase account are also verified. I haven't signed in for a year and have 0 balance since I use a different wallet.
The day I signed in again a month ago, they gave me a bogus reason that I'm fraudulent and just shut down my acc. Thank god it has $0

I was about to use it for real too.

Soundofsilence · #**415** 03-14-2021

I have all my BTC in cold storage only. As many people here are not clear on cold storage, I will be here soon with step by step guide.

On top of that, I have never stored any coins in online wallets till date. It was dificult to complete research and implement all practically but it brings infinite peace of mind when you and only you have access to your coins no matter what.

#**416** 03-14-2021

Quote:

Originally Posted by james_112233

What would you recommend, do you have a step by step ? or a link to a how to.

I'm tempted to buy back in when btc dips. Looks like it will hit atleast 50,000 GBP by the end of the year at some point so I do stand to make some money if I put in all of my savings.

Do NOT put all of your savings in to BTC at these prices or on a 'Dip' The time to buy and accumulate was under 10k during the last 3 years. You are not going to get rich buying bitcoin at these prices. Like any 'investment' you should be entering with a clear long term time frame (5+years). From your posts you can't handle the daily/weekly price movements. Save yourself a lot of heartache and do not buy, you will almost certainly lose money.

Do NOT use coinbase to buy (highest fees) and do NOT store any amount in Coinbase. They can and will shut you down and lock your funds for no reason. They have no customer support and no offices in the UK. Even if they steal your money you will have no recourse. Letting a centralised company like coinbase control your bitcoin is the number 1 no no in crypto.

You buy bitcoin at an exchange or p2p site, then transfer immediately to cold storage. A ledger or trezor is best for most people

james_112233 · #**417** 03-14-2021

What happens should your "cold storage" device fail ?

or is stolen from your home

Can someone then have access to all your crypto ?

What is the best p2p or exchange site to use in the UK ?

#**418** 03-14-2021

Quote:

Originally Posted by james_112233

What happens should your "cold storage" device fail ?

or is stolen from your home

Can someone then have access to all your crypto ?

What is the best p2p or exchange site to use in the UK ?

When you set up your own wallet, you are given a seed which is a set of 12 or 24 words. You write these down on a piece of paper and store them somewhere safe. NEVER store the seed electronically such as on your phone or laptop.

If the device is stolen, broken or lost, then you can access your wallet using those seed words. It is the seed that is important. Never share it with anyone for any reason. If you told me your seed words I could access your funds and steal them.