ultimatebob
Lifer
- Jul 1, 2001
- 25,135
- 2,445
- 126
I thought that Nokia was the new distressed stock that Reddit was trying to rescue. They're not telling people to buy more GME, they just want them to hold until the short sellers cave.
I thought that Nokia was the new distressed stock that Reddit was trying to rescue. They're not telling people to buy more GME, they just want them to hold until the short sellers cave.
JEDI
Lifer
- Sep 25, 2001
- 30,160
- 3,300
- 126
thought the big hedge fund closed their short position on gme and took a 100% loss?
pandemonium
Golden Member
- Mar 17, 2011
- 1,777
- 76
- 91
This is all a much more boring and totally legit Mr. Robot storyline that I didn't anticipate. Wake me up when Ethereum is the backbone to the markets. All of them.
sdifox
No Lifer
- Sep 30, 2005
- 94,995
- 15,119
- 126
On Monday 15th the short was 200% of all available float stock. Yeah no way they covered all that already and are still standing.
ultimatebob
Lifer
- Jul 1, 2001
- 25,135
- 2,445
- 126
Eh... it's still better than 2020, which was basically season 6 of Black Mirror.
ultimatebob
Lifer
- Jul 1, 2001
- 25,135
- 2,445
- 126
That's what the hedge funds want you to think. They're probably betting that Reddit will get bored with this in two weeks, and they can cash in then.
ultimatebob
Lifer
- Jul 1, 2001
- 25,135
- 2,445
- 126
Great... so I can pay a $10 Ethereum transaction fee to trade stocks like I do when I try to award my Coolcoin token to somebody? No thanks.
DrMrLordX
Lifer
- Apr 27, 2000
- 21,629
- 10,841
- 136
destrekor
Lifer
- Nov 18, 2005
- 28,799
- 359
- 126
Still rather ridiculous when considering it was supposed to be revolutionary.
I'm held XEM (NEM NIS1 blockchain) for a long time now, and am excited for the upcoming launch of XYM (NEM's Symbol blockchain). Far more prepared to handle transactions fast and cheaply, at least it would seem so. Time will tell... I just hope it goes mainstream.
ultimatebob
Lifer
- Jul 1, 2001
- 25,135
- 2,445
- 126
Unfortunately, they charge more to send tokens. Right now, Metamask wants to charge me $9.78 to send 100 Coolcoin, or about $10.50 if I want to send them faster.
DrMrLordX
Lifer
- Apr 27, 2000
- 21,629
- 10,841
- 136
The EF is dragging its feet. They haven't moved beyond PoW. So long as they stay on older Ethereum versions, you should expect txn times and prices to get worse.
Icecold
Golden Member
- Nov 15, 2004
- 1,090
- 1,008
- 146
Is there a way to buy Dogecoin that doesn't require expensive wire transfers or waiting a few days while funds clear or anything like that? Everything I've found recommends Kraken (or a couple others), but there's no way to ACH the money over or use a credit card it requires a wire transfer. Ideally I'd be able to buy some on a credit card even if it means a 3% convenience fee or something.
Edit - from what I've read other places it sounds like there isn't really. Purchasing Bitcoin or another crypto on Coinbase which allows an ACH transfer, and then transferring that Bitcoin or other crypto to an exchange that allows purchasing Dogecoin, such as Kraken seems to be the most common way. Purchasing Bitcoin on Coinbase doesn't seem to allow you to transfer it for 9 days, though, so no matter what you do it all appears pretty slow.
Edit - from what I've read other places it sounds like there isn't really. Purchasing Bitcoin or another crypto on Coinbase which allows an ACH transfer, and then transferring that Bitcoin or other crypto to an exchange that allows purchasing Dogecoin, such as Kraken seems to be the most common way. Purchasing Bitcoin on Coinbase doesn't seem to allow you to transfer it for 9 days, though, so no matter what you do it all appears pretty slow.
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njdevilsfan87
Platinum Member
- Apr 19, 2007
- 2,330
- 251
- 126
DrMrLordX
Lifer
- Apr 27, 2000
- 21,629
- 10,841
- 136
It used to be faster than that. I think what most of the "serious" traders do is HODL a bunch of stablecoin and use non-banked exchanges as the glue for their trades. Some will keep USD on Coinbase Pro and use that instead. Matter of taste really.
njdevilsfan87
Platinum Member
- Apr 19, 2007
- 2,330
- 251
- 126
$1675 right now.
Ethereum now costs more than Bitcoin did when this thread was originally made.
ultimatebob
Lifer
- Jul 1, 2001
- 25,135
- 2,445
- 126
$1675 right now.
Ethereum now costs more than Bitcoin did when this thread was originally made.
Yeah, I noticed that even the shitcoins that I got for free from Coinbase Earn are starting to be worth something now. Crazy.
Oh, and it would now cost me $30 to send someone Coolcoin. Yikes.
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njdevilsfan87
Platinum Member
- Apr 19, 2007
- 2,330
- 251
- 126
Well there's still XTZ. I cannot believe how poorly that one has performed compared to everything else. I got lured in to the 5-6% staking interest rate a few months ago, bought a few thousand, and I'm not much up. I could have literally bought anything else and been up like 2-3x in that time.
ultimatebob
Lifer
- Jul 1, 2001
- 25,135
- 2,445
- 126
Yeah, I noticed that my Nimiq crypto didn't budge as well. It's basically as worthless as it was before.
DrMrLordX
Lifer
- Apr 27, 2000
- 21,629
- 10,841
- 136
Didn't NIMIQ have a run up of 2000% gains over bottom sometime in the last quarter?
ultimatebob
Lifer
- Jul 1, 2001
- 25,135
- 2,445
- 126
Last year, it went up from being worth 0.05 cents each to about a penny each, and then went back down to about 0.4 cents each. It basically stayed flat since then, completely ignoring the rally in other cryptocurrency.
In my eyes, 8 times worthless is still worthless. For example, they added an option to convert it to Bitcoin within their wallet, but the fees to do so would erase half of my holdings!
SunnyD
Belgian Waffler
- Feb 14, 2002
- 19,689
- 2,811
- 126
SunnyD
Belgian Waffler
Elon did tweet this last night. He might have been high.
Doesn't matter. His tweets move markets, and at current prices my transaction wallet makes me sad. If I held back then...
- Feb 14, 2002
- 19,689
- 2,811
- 126
Can't change the past. All we have is the present and the future.
Like you I sometimes wonder what my life would be like today if I held all the Apple stock I had and not sold. I would have 868,000 shares of Apple today worth $118 million. I took the lesson I learned from Apple and tried to learn from it. That's all you can do. Try to learn from it.
njdevilsfan87
Platinum Member
- Apr 19, 2007
- 2,330
- 251
- 126
Yet more evidence institutions have entered: https://studio.glassnode.com/metrics?a=BTC&category=Supply&m=supply.LiquidIlliquidSum
The Liquid Bitcoin supply has been dropping for a year now. The most likely explanation is big long-term buyers stepping into the game.
The Liquid Bitcoin supply has been dropping for a year now. The most likely explanation is big long-term buyers stepping into the game.
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