Crypto lounge thread

Deepdiver

Crow
Gold Member
BTC Surged to a new ATH this week at 21,396 hovering around 2,200 points up for the week.

Next Resistance/Support targets are now the next Fibonacci extensions (Broke above 21,072 Fib Extension1.618) at Fibonacci Extensions 2.618 at 31,746, 3.618 at 42,419 and 4.236 at 49,015

Will see where this week closes and develop a new trend channel from the Major B Wave low of 3,858 on the week of 9Mar2020. This would be a new Major ABC up move in classic 5-3-5 wave fashion - alternately since the previous down trend was broken could be an even larger 5 wave Up in direction of Trend - currently continuing massive impulse move up... top of this move likely a Fib Extension 2.618 with a likely .382 (inverse of .618) retrace as the likely B wave correction before continuation of impulse up. ABC now a component of Larger 5 Wave up in direction of Major trend up in minor 5-3-5-3-5 pattern.

1608157253657.png
 

Deepdiver

Crow
Gold Member
BTC Tagged 23,777 and retraced to 22,777 today - still up 3,600 on the week.

Next Resistance/Support level Fibonacci extension 2.618 at 31,746 as mentioned in the above chart... the institutions and Big Wall Street Money know that the Biden tax plans and AOC Bernie-Warren-Harris lefty-loonieism going to savage the stock markets in 2021. BTC looking like a preferred safe haven - an oxymoron given its notorious volatility
 

kel

 
Banned
I said this before, but I think it’s worth repeating. I think XMR is an easy 10x if not more. Perhaps we see a correction soon for crypto (would be bullish).....but really I don’t see how this one doesn’t shoot off in the next cycle.

How do you (personally) get XMR besides mining? I like the idea of XMR for anonymity.
 

Louis IX

 
Banned
Wanted to withdraw 30 EUR from Binance and got rejected tice , i did a 9 EUR withdrawal the day before ...
Is there any rule limiting withdrawals or Binance just doesn't let you take the money when BTC is too high ?
 

Deepdiver

Crow
Gold Member
Why is Steve Mnuchin Working on Behalf of Wall Street to Crush Cryptocurrency and Deplatform the ‘Little Guy?’

Why is Steve Mnuchin Working on Behalf of Wall Street to Crush Cryptocurrency and Deplatform the ‘Little Guy?’ - Revolver

If Biden succeeds in stealing the election, two of the biggest enabling factors (other than outright fraud) will have been Wall Street money and Big Tech “canceling” every powerful opposition voice to his corrupt ruling-class agenda. Indeed, the biggest Wall Street banks lavished Biden with four times the money that it gave to Trump, according to the American Banker. Biden has rewarded the financial barons by filling his transition team with Goldman Sachs executives. Yet amazingly (or perhaps unsurprisingly), Treasury Secretary Steve Mnuchin, another Goldman alum, is pushing regulations which will benefit these big banks and enable them to “deplatform” anyone who is currently using cryptocurrencies.

The proposed regulations in question would affect so-called “self-hosted wallets,” which are cryptocurrency wallets not connected to a bank or other established financial institution. From Breitbart:
 

Deepdiver

Crow
Gold Member
Ledger Hack with Antonop and friends...



We've now learned that the Ledger cryptocurrency hardware wallet database hack affected 300,000 people who have either purchased a hardware wallet from the company, joined Ledger's mailing list, or otherwise had contact with the company. Is your name, address, email included in the Ledger database breach? In this event, we will be talking about keeping your bitcoin and other cryptocurrencies secure, even though your data has been published. We'll also talk about how to prevent your data from appearing on these sorts of databases in the future. - Andreas Antonopoulos author of Mastering Bitcoin, Mastering Ethereum, and many other books, this is his channel.
 

Deepdiver

Crow
Gold Member
Read The Bitcoin Standard
Download Samourai Wallet
Buy BTC at your local ATM
I would also suggest listening to the Aanatop Video above - he is one of the top Cybersecurity and Crypto gurus in the world and the video is crammed with ways to harden your security email, 2FA, SMS, phishing, crypto exchange websites and crypto wallets etc...

I only use my encrypted mail.protonmail.com account for crypto exchange alerts/emails.
 
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tomzestatlu

Kingfisher
Agnostic
I am holding and was gradually investing in XRP since autumn 2017 and never really considered getting out of it. Even after last few days I didn´t considered it. It wasn´t playing well for XRP, but still, there´s no logic in market and it´s pure specilation. Like there are thousands of dead projects generating nice revenues. And I was in XRP, because it still seemed too promising to me. We could have seen nice gains in upcoming alt-season (considering alts are about to overcome their ATH following BTC).

BUT

I while ago I read summary from SEC legal action and without being lawyer and without being economist, I can say, that Ripple violated law. It´s based on evidence of several witnesses and we can speak about manipulating price, bribing. Of course this is happening literally everywhere, but once it´s written on 70 pages legal action, it might be a problem.
Over last day, price a little bit recovered, but the question is, how much it can recover? People are eyeing technicals, which can eventually support climbing up another dozens of percents, but... fundamentals are too bad. On the other hand, 99% small investors are not going to read those papers.

I always try to don´t act on emotions (that´s why I was hodling for many years), but now I feel like I´m done with XRP. I am not sure what is right time to exit. Right now I could leave without any significant loss. I am thinking about leaving to BTC (currently it´s not very favorable - but it can be much worse) or ETH (I didn´t watch fundamentals over past year, but I feel it as promising project).

There´s one thing I´m afraid off and that´s new year bubble pop. I am really emotional now, because I have reasonable financial goals in crypto, that could be surely reached without SEC legal action (definitely I didn´t count on XRP reaching ATH) and now I don´t know what to do.


EDIT: So I have converted all my XRP to ETH. Now my portfolie is 50/50 BTC and ETH. XRP has reached support and can grow higher, but I think we will see similar percentage rise also with outher altcoins. Hopefully it´s not going to over-perform (which can happen in this illogical market). But SEC arguments are just to strong to risk staying in this. Maybe, if it miracuosly overcome ~0.7$ resistance, I can jump on it.
 
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BURNΞR

Ostrich
Agnostic
I am holding and was gradually investing in XRP since autumn 2017 and never really considered getting out of it. Even after last few days I didn´t considered it. It wasn´t playing well for XRP, but still, there´s no logic in market and it´s pure specilation. Like there are thousands of dead projects generating nice revenues. And I was in XRP, because it still seemed too promising to me. We could have seen nice gains in upcoming alt-season (considering alts are about to overcome their ATH following BTC).

BUT

I while ago I read summary from SEC legal action and without being lawyer and without being economist, I can say, that Ripple violated law. It´s based on evidence of several witnesses and we can speak about manipulating price, bribing. Of course this is happening literally everywhere, but once it´s written on 70 pages legal action, it might be a problem.
Over last day, price a little bit recovered, but the question is, how much it can recover? People are eyeing technicals, which can eventually support climbing up another dozens of percents, but... fundamentals are too bad. On the other hand, 99% small investors are not going to read those papers.

I always try to don´t act on emotions (that´s why I was hodling for many years), but now I feel like I´m done with XRP. I am not sure what is right time to exit. Right now I could leave without any significant loss. I am thinking about leaving to BTC (currently it´s not very favorable - but it can be much worse) or ETH (I didn´t watch fundamentals over past year, but I feel it as promising project).

There´s one thing I´m afraid off and that´s new year bubble pop. I am really emotional now, because I have reasonable financial goals in crypto, that could be surely reached without SEC legal action (definitely I didn´t count on XRP reaching ATH) and now I don´t know what to do.


EDIT: So I have converted all my XRP to ETH. Now my portfolie is 50/50 BTC and ETH. XRP has reached support and can grow higher, but I think we will see similar percentage rise also with outher altcoins. Hopefully it´s not going to over-perform (which can happen in this illogical market). But SEC arguments are just to strong to risk staying in this. Maybe, if it miracuosly overcome ~0.7$ resistance, I can jump on it.

It's really tough. Most of the people don't have the faintest idea what you went through because they only have small positions or don't hold any XRP. With the SEC being the SEC they could realistically go after any altcoin now so I have to give you the nod for going with ETH, BTC which have been given clarity.

I'm honestly blindsided by all of this. In a post I made in 2018 I said that lawsuits like the Zakinow one would take ages to eventuate and wouldn't matter. There was a poster saying the SEC was going after the small cases like EOS and KIN first before going after Ripple and he was absolutely correct.

I am agreeing with your analysis on the fundamentals. To the retail investor buying XRP, the company Ripple is what they believe in. The court case is going to bleed out into the market and people will stay away except the most daring speculators. While it won't be delisted Americans will be banned from trading it and that's already happening now. Maybe this will all blow over and maybe the 70 page SEC document gets dismissed as FUD by a lot of people. From what I've been reading both weak and strong hands alike are spooked and liquidating their positions.

The SEC has changed the entire dynamic of the altcoin market. People don't feel safe to punt in alts anymore, especially the pre-mined ones with founders since those can be next to take on the wrath of the government. I predicted an alt season after bitcoin crossed 20k and seeing it touch 25k I was anticipating something big but the SEC thing has been an haymaker to the market. Maybe bitcoin has to go to 30k now.

If anyone has a substantial amount of XRP my advice would be to dump at least half of it for something outside of the SEC's grasp. Right now I can only think of BTC, ETH and XMR.

I don't think Ripple is going to settle, at least for a long time. Brad G publicly stated he rejected a settlement offered by the SEC. In the mean time Ripple and all their execs are free to dump more XRP on the market. This is a doubly whammy in my opinion because you will have people too fearful to invest in XRP and Ripple execs too fearful to hold XRP because if they lose the court case they won't be able to sell their XRP anymore, thus they will dump it beforehand.
 

tomzestatlu

Kingfisher
Agnostic
It's really tough. Most of the people don't have the faintest idea what you went through because they only have small positions or don't hold any XRP. With the SEC being the SEC they could realistically go after any altcoin now so I have to give you the nod for going with ETH, BTC which have been given clarity.

I'm honestly blindsided by all of this. In a post I made in 2018 I said that lawsuits like the Zakinow one would take ages to eventuate and wouldn't matter. There was a poster saying the SEC was going after the small cases like EOS and KIN first before going after Ripple and he was absolutely correct.

I am agreeing with your analysis on the fundamentals. To the retail investor buying XRP, the company Ripple is what they believe in. The court case is going to bleed out into the market and people will stay away except the most daring speculators. While it won't be delisted Americans will be banned from trading it and that's already happening now. Maybe this will all blow over and maybe the 70 page SEC document gets dismissed as FUD by a lot of people. From what I've been reading both weak and strong hands alike are spooked and liquidating their positions.

The SEC has changed the entire dynamic of the altcoin market. People don't feel safe to punt in alts anymore, especially the pre-mined ones with founders since those can be next to take on the wrath of the government. I predicted an alt season after bitcoin crossed 20k and seeing it touch 25k I was anticipating something big but the SEC thing has been an haymaker to the market. Maybe bitcoin has to go to 30k now.

If anyone has a substantial amount of XRP my advice would be to dump at least half of it for something outside of the SEC's grasp. Right now I can only think of BTC, ETH and XMR.

I don't think Ripple is going to settle, at least for a long time. Brad G publicly stated he rejected a settlement offered by the SEC. In the mean time Ripple and all their execs are free to dump more XRP on the market. This is a doubly whammy in my opinion because you will have people too fearful to invest in XRP and Ripple execs too fearful to hold XRP because if they lose the court case they won't be able to sell their XRP anymore, thus they will dump it beforehand.
There were different periods of my approach to XRP and my final was just to cash out (or switch to BTC if favorable) during this bullrun (my conservative goal price was $1, but I was hoping for better of course).
Now I am a little bit lost, BTC is doing good, but I have only small position in it. I bought at the end of this summer for around $2.5k. Actually it was accidental, I had some extra cash so I told myself, that I will put it into BTC as emergency, if something bad happens with XRP. And at the end, it played out as good move. Unfortunately I my XRP were worth only 0.2BTC, when I sold it after SEC dump.
But I don´t want to end with broke ass this bullrun and it´s putting pressure on me.
There are many predictions right now. There might be huge corrections around 30k and pullback to 20k. If I cash out at 30k and buyback at 20k, it can double my BTC position (and more revenues can come from possible altseason with ETH). But on the other hand, there many people eyeing 100k and I don´t want to watch BTC climbing up with cash in my hands.
 
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