• Before posting anything about the COVID-19 virus, please read this first Click Here

Watch the Bitcoin Bubble Burst

  • Thread starter Deleted member 163
  • Start date
  • Replies 418
  • Views 21K

BrightFuture

PI Member
Joined
Dec 13, 2016
Messages
851
Likes
1,549
Location
The Pale
Big week for Crypto but Gold as Well:

BTC up 21.5% to 11.6K USD in a week. Highest its been in 10 months. Remember tho it went to 4K when all markets crashed in early March.

Many Alt coins up as well including ETH which is at at a near two year high.

ETH is becoming clogged in its network with typical transactions costing over 2 euro. This is due to its usage as a decentralised finance* system being pushed heavily. Hes working on ways to speed up and cheapen the network but its a HARD problem.

I expect people in the know are finally clicking that 2021 is going to be a fucking disaster and are divesting from cash and stonks.

Could be a big pullback soon however. In the real economy many companies are in trouble, WeWork, AirBNB, all small retail, recruiters etc.

*
Vitalik is the creator of Ethereum(ETH).

 
Last edited:

Tadhg Gaelach

Donator
PI Member
Joined
Jan 14, 2016
Messages
59,634
Likes
55,373
Location
By the Gulag wall.
Big week for Crypto but Gold as Well:

BTC up 21.5% to 11.6K USD in a week. Highest its been in 10 months.

Many Alt coins up as well including ETH which is at at a near two year high.

ETH is becoming clogged in its network with typical transactions costing over 2 euro. This is due to its usage as a decentralised finance* system being pushed heavily. Hes working on ways to speed up and cheapen the network but its a HARD problem.

I expect people in the know are finally clicking that 2021 is going to be a fucking disaster and are divesting from cash and stonks.

Could be a big pullback soon however. In the real economy many companies are in trouble, WeWork, AirBNB, all small retail, recruiters etc.

*
Vitalik is the creator of Ethereum(ETH).


In reality, if the economy does crash, gold and BTC will crash too. And a lot of people buying at these prices will be badly burned.
 
  • Covid-19 Mask
Reactions: Ant

ShumanTheHuman

PI Member
Joined
Dec 15, 2018
Messages
2,250
Likes
3,899
Location
Bright Lights<Location>Far Unlit Unknown
ETH hit 410 Last Night and BTC hit 12K.

Bit of a pullback today. If things are steady this week im confident of a new floor price for some time.

The technical analysis guy is usually good with his predictions and, while bullish, sees the possibility of sub 10K again before the next surge

It's in here somewhere - the last time sub 10K will be a buying opportunity for a very long time according to Alessio
 

Anglophile

PI Member
Joined
Aug 2, 2017
Messages
13,343
Likes
6,877
Location
Dublin
Someone has transferred ~$1 billion from a bitcoin wallet, quiet since 2015.

Wallet is likely tied to Silk Road, the underground crime bazaar shut down in 2013.
 

Seánie McRant

PI Member
Joined
Apr 22, 2019
Messages
378
Likes
652
In reality, if the economy does crash, gold and BTC will crash too. And a lot of people buying at these prices will be badly burned.
Crikey, there was I taking cryptocurrency advice from senior ex Wall Street tech investors with stellar track records when Tadhg Gaelach had the answers all the time! Tell us more Tadgh.. What are your hot tips? I'm excited to know what recommendations a self-professed Communist can give us about the markets. Obviously I'm going to sell out all my gains now on your advice. What on earth was I thinking?
 
Joined
Nov 5, 2018
Messages
5,433
Likes
8,969
Crikey, there was I taking cryptocurrency advice from senior ex Wall Street tech investors with stellar track records when Tadhg Gaelach had the answers all the time! Tell us more Tadgh.. What are your hot tips? I'm excited to know what recommendations a self-professed Communist can give us about the markets. Obviously I'm going to sell out all my gains now on your advice. What on earth was I thinking?
never take business advice from a Marxist.
 
Top Bottom