General Cryptocurrency thread
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PickupArtist




Posts: 10030

PostPosted: Thu, 22nd Apr 2021 23:42    Post subject:
if your 100 becomes 10, will u send it to me ? Laughing

i smell a firesale going on , that 20% drop must be scaring the living daylights out of recent buyers
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Sin317
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PostPosted: Thu, 22nd Apr 2021 23:45    Post subject:
You really don't know what you're talking about, lol.
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PickupArtist




Posts: 10030

PostPosted: Fri, 23rd Apr 2021 00:29    Post subject:
get of ur high horse, NOBODY has a clue what they talking about when it comes to the prices of these shitcoins, nobody including u and me Razz

i see a lot of red and i like this color to say it in wallstreetbet terms
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AmpegV4




Posts: 6248

PostPosted: Fri, 23rd Apr 2021 00:46    Post subject:
I guess that's why Elon, other billionares and major financial instatutions are heaping masses of capital into the crypto, just gambling i guess . So how are you growing your wealth @PickupArtist ?

Your seeing red?! Maybe change the time scale to Weeks, months, or years even?! Laughing
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DXWarlock
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PostPosted: Fri, 23rd Apr 2021 00:50    Post subject:
PickupArtist wrote:
if your 100 becomes 10, will u send it to me ? Laughing

i smell a firesale going on , that 20% drop must be scaring the living daylights out of recent buyers
If I can make it into $200 I will send you the 10. The impact drill is only $180 Smile
Beauty of it is, down or up money can be made. It doesn't need to go up to make money. Just going up means zero work to do, down means playing the peaks on the way down.
Example. IF you did this last few days on bitcoin (whats in the pic), each time increases your hold and value:
 Spoiler:
 
As the market as been going down last week, doesnt mean you cant go up. This below is the last week or so of my bittrex holdings (including the bad trade I did 3 days ago..cant be infallible future teller Razz). Just because coins drop doesn't mean everyone panics, active people in it like it. Ive made about $400 while it dropped. Its only passive 'hodlers' that freak when it moves down.
 Spoiler:
 
Not a brag or strutting. Just pointing out you saying "its dropping everyone must be so mad and depressed, and angry at being suckers" means you dont really grasp how trading in general works.

PickupArtist wrote:
get of ur high horse, NOBODY has a clue what they talking about when it comes to the prices of these shitcoins, nobody including u and me Razz

i see a lot of red and i like this color to say it in wallstreetbet terms

Nope nobody knows how to read standard indicators, candle patterns, or moving averages...no one. It's all a mystery.
Just because YOU dont understand, or care to understand how it works [which is the same as every liquid tradable commodity, nothing special about their use in crypto]. Doesn't mean your ignorance extends to mean everyone 'must not either'.
(And in wallstreetbets seeing red and liking that color means 'good' [IE best time to buy]..so your not even using or understanding that term right).


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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AmpegV4




Posts: 6248

PostPosted: Fri, 23rd Apr 2021 01:18    Post subject:
Ya a nice spread, i wwas fortunate to have a sum of binance coin, and also digging the atomic wallet coin too for 20% yields.
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Sin317
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PostPosted: Tue, 27th Apr 2021 08:30    Post subject:
Now that crash didn't last long, did it? Wink
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PickupArtist




Posts: 10030

PostPosted: Tue, 27th Apr 2021 14:19    Post subject:
hope u jinxed it as i anticipate bathing in all them crypto tears sooner the better Laughing
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Sin317
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PostPosted: Tue, 27th Apr 2021 14:50    Post subject:
Roflmao
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DXWarlock
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PostPosted: Tue, 27th Apr 2021 16:36    Post subject:
@PickupArtist
15th time's a charm?

Pickup is like the guy from air bender with red shoes:
Villager: Yeah, she said I'd be wearing red shoes when I met my true love.
Sokka: Uh-huh, and how many times have you worn those shoes since you got that fortune?
Villager: Every day.
Sokka: [Red with anger and frustration, yelling] Then, of course, it's gonna come true!

The same way peter griffin plays trivial pursuit. Answer President lincoln for EVERY answer. Because one of the cards has that question, and eventually you will get it right.
He hopes it crashes everyday for years saying every dip is the crash, so when it does he can go: SEE I told you I knew!


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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The_Zeel




Posts: 14922

PostPosted: Tue, 27th Apr 2021 16:53    Post subject:
If you are on Binance and buy leveraged tokens like for example BTCUP or BTCDOWN, you can profit in whichever direction it goes, as long as you do some TA and have good timing. Obviously you shouldn't hold these for too long as they aren't really worth anything and just used for speculation.
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Sin317
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PostPosted: Tue, 27th Apr 2021 17:40    Post subject:
Eth is at a new record high, lol.
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DXWarlock
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PostPosted: Tue, 27th Apr 2021 18:00    Post subject:
Yea been a good week. Pulled out at near(ish) the top waiting to see if I should buy back in or wait, and grabbed all my coins back in the dip.
Didn't hit quite the bottom of the dip for buy in (pulled the trigger late on the climb). But 8-10% gain depending on the coin.

From that $3800 I had in the posts above to around $4100 and some change. About time to pull some out and get those shop tools I have been eyeing.
(Usually get to 4000 or 4500 and pull out 1000 for stuff, then try to work it back up again).



-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.


Last edited by DXWarlock on Tue, 27th Apr 2021 18:02; edited 1 time in total
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Sin317
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PostPosted: Tue, 27th Apr 2021 18:00    Post subject:
Nice.
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DXWarlock
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PostPosted: Tue, 27th Apr 2021 18:04    Post subject:
I SHOULD probably stop pulling it out and save it for years from now, retirement and all that at my age.
But too much shit I want now, and the convincing myself of "I technically didn't pay anything for it" when I buy things is too tempting.. Laughing


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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The_Zeel




Posts: 14922

PostPosted: Tue, 27th Apr 2021 18:10    Post subject:
I added around 1500 bucks in late January and by the end of March I had turned that into almost 5000. Then around easter time I took it easy, got too greedy and neglected analysis, lost most of that profit in the next 2-3 weeks. Now I am back to 2500 and climbing my way back up thanks to the last few days, but it definitely hurt alot. I can lay out a plan and force myself to stick to it for a while, but at some point the greed just kicks in and then I will make the most retarded decision possible. Sad
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Sin317
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PostPosted: Tue, 27th Apr 2021 18:12    Post subject:
I invested 0 and am now at 220 usd, since mid February Smile

Would be 300, but I didn't pull my filecoin investment fast enough Smile
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DXWarlock
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PostPosted: Tue, 27th Apr 2021 18:17    Post subject:
@The_Zeel
The way I internalize it is I have made the money I started with back and took it all out by now. If it all drops to $0 I have 'lost' nothing.

Hypothetical example: Say I started with $100, after I make $100 profit I pulled it out so I have already broke even. The very worst that happens is I end up in the same place as if I never did it at all.

For day/intraday trading..I myself go with the motto of: Dont be greedy.
Pick a mark and stick to it. If I plan to sell/buy a dip I pick a % mark that seems in a safe margin and stick to it.
Say I want 5% today and it seems a good day to try to get it. I get my 5% with a sell&buy back and sit on it. Could have made 15% in hindsight looking at the chart after? No biggie I got my 5% I wanted. Any climb after that as gain is just a bonus.
Being greedy to try to milk every % trying to hit the tip and bottom exactly will bite you in the ass.


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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The_Zeel




Posts: 14922

PostPosted: Tue, 27th Apr 2021 18:35    Post subject:
You are correct and these are the rules I follow myself, until the greed kicks in and/or I drink a bit too much Laughing
I simply lack discipline when it comes to certain things and perhaps the bitter aftertaste of loss will eventually and hopefully teach me a lesson one day.
I haven't lost any of the money I invested so far atleast, but I did lose some nice profits just because I forced myself to reinvest all of it, even though common sense told me to wait a day or two and follow the development instead.
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DXWarlock
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PostPosted: Tue, 27th Apr 2021 18:55    Post subject:
Yep Smile
FOMO is real, even if on a smaller scale. Too easy to convince yourself it's not really FOMO, its just you making a smart investment opportunity to make profit..lol.

The saying: The best teacher is your last mistake. Is true here.
It takes a few times of trying to be greedy and failing to make you less jumpy on diving in on risky choices. Because you remember the 'dumb' decision you made a lot longer than the good one.
(I think) it's the physiological discrepancy we have of loss vs gain. For example for most people, losing a $50 bill out of their wallet gets more mental emotional energy spent on than if they found an extra $100 bill in it.


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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The_Zeel




Posts: 14922

PostPosted: Tue, 27th Apr 2021 19:19    Post subject:
Aye, what makes it even worse is the thought that you wouldn't have lost half of your profits if you just did NOTHING Laughing
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Shocktrooper




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PostPosted: Tue, 27th Apr 2021 19:33    Post subject:
yeah I know I wasted like 9000 USD by converting my Doge too early Embarassed
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JeanPerrier




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PostPosted: Tue, 27th Apr 2021 20:07    Post subject:
fomo is real ok.
but also: you can't time the market


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AmpegV4




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PostPosted: Wed, 28th Apr 2021 03:46    Post subject:
Must say I'm really enjoying alts outperforming BTC this week Very Happy looking at 30% gain across whole portfolio and its not pumped by BTC.
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jackbomb




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PostPosted: Wed, 28th Apr 2021 08:39    Post subject:
Worth it to mine 5 whole days a week with a 2060S? Power cost is about 0.12€ kW/hr. I have the 'puter always on to access from my new jobtown and maybe I'm losing some profits?


MAG B650 Tomahawk / Ryzen 9 7950X CU -20 5.5GHz / TR PS120SE / Corsair 2x16GB DDR5 6000 CL30 / TUF 3080 OC / Cubase Pro 15
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Sin317
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PostPosted: Wed, 28th Apr 2021 09:58    Post subject:
Yes worth it. You can make like 15 usd per 5 day week, I'd say.
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jackbomb




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PostPosted: Wed, 28th Apr 2021 11:32    Post subject:
Ok thanks Sin!
Where to find proper settings for the 2060S? Also, Nicehash is good?


MAG B650 Tomahawk / Ryzen 9 7950X CU -20 5.5GHz / TR PS120SE / Corsair 2x16GB DDR5 6000 CL30 / TUF 3080 OC / Cubase Pro 15
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Sin317
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PostPosted: Wed, 28th Apr 2021 11:50    Post subject:
Nicehash is easy and pays out every 4 hours, but they take a cut off everything.

I am mining on eth.nanopool.org, it's min. 0.05eth payout, so it may take a month or 2 until you can payout (it's like 125USD for 0.05ETH right now), but paying out small amounts isn't worth it anyway + they don't take any fees (other than the 1% IIRC for the miner, which is normal).

Using Coinbase as a wallet, the whole thing is extremely easy to set up.

And for the GPU, I've set my 2080S, with afterburner, to -500 Core, +1125 Memory, 53% Power limit for optimal hash rate (the speed you "mine"), and power consumption. GPU is always below 60°, so nothing that would ever damage anything.
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The_Zeel




Posts: 14922

PostPosted: Wed, 28th Apr 2021 13:14    Post subject:
jackbomb wrote:
Worth it to mine 5 whole days a week with a 2060S? Power cost is about 0.12€ kW/hr. I have the 'puter always on to access from my new jobtown and maybe I'm losing some profits?


you could get around 90-100 bucks a month if you let it run all the time while you're not using it. even if the gpu died after a year it would still be worth it that way, but don't forget, you won't be able to get a new one until 2022 atleast Laughing
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PickupArtist




Posts: 10030

PostPosted: Wed, 28th Apr 2021 16:20    Post subject:
why dont we hear about crpytominers burning their houses down yet in the news Laughing
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