Not really other than losing track of them

What the hell is going on?!?!?

This is an insane crash. WTF?!?!?!?

That would be a good start. Storing any significant value in any fiat is a horrible investment.

It's because I bought more BTC at $60,800.

Things going back to the way they were a few weeks ago isn’t a crash. Things go up and down in the short term. Don’t think emotionally.

Buying opportunity

23% in under 45 minutes is emotional. Well, it is to me.

Maybe I overlooked....was it a specific coin? I’m easily confused with the ever changing coins in discussion here. I spot checked a few and didn’t see any 23% drops.

“While the exact reason for the sudden crash is unknown, the market mood may have soured due to rumors that the U.S. Treasury is planning to charge several financial institutions for money laundering using cryptocurrencies. CoinDesk has been unable to independently verify any pending government action.”

I bought more Ada at 1.16. Let’s see where this goes. A Saturday night dip across several coins makes me think it should recover a bit at least by Monday.

Late to the party, but opened my first Crypto account (local Australian one - Swiftx) today with a whopping.........$201. Woohoo.

Figure if I spend half as much time following Crypto as I do pinball I’ll be at least be very well versed in Crypto.

Starting with some play money until I learn some more. Seemed like I also bought during a bit of a dip as luck would have it. Strapping in for the ride!

How can I buy Safemoon coin? I live in Texas and I’m not allowed to purchase BNB so I can use it to buy Safemoon. I have tried everything! Got the trust wallet account too. I heard about buying ETH in Trust Wallet and then converting it to BNB in coinswitch? So confused. Any help is much appreciated. Thanks!

Perfect timing mate
Get into swyfty is struggling today, getting smashed
Im playing
BTC
ETH
DOT
KSM
CHAIN

Disclaimer
Not financial advice
DyoR

Yeh, saw that bank deposits were delayed on Swiftx.

Bought BTC, ETH and DOGE. Holding on BTC and ETH, up 10% on DOGE depending on when I check the price lol. Plenty of volatility. If I had more on the line I’d buy and sell quickly, but for $20 gain on my $200 investment it’s not worth it at the moment.

This looks like a good explanation of what happened. Checking Tethers volume and price during the crash seems to confirm.

https://www.reddit.com/r/CryptoCurrency/comments/mt5odv/explanation_the_recent_crash_was_probably_due_to/?utm_medium=android_app&utm_source=share

I'm just pissed because I had my 25% sitting there on an off ramp ready to sell. I talking with some buddies about what I planned to buy with my initial investment and some of my profit. I was waiting for another 2% or so until I had enough (not wanting to dip in my holdings anymore than the 25%). I look down at my phone and I'm down 4%, then 7%, then 10% then 15%. As fast as I could refresh I was down further and further.

The pleasant thoughts of the past were filled with sadness. It's a good thing I had a lot of beer laying around.

After I saw the huge drop, I bought some Ada and then went to Twitter and pinside to see if anyone had posted an explanation as to what was happening.
I had remembered you talking about transferring some to an exchange in preparation to take some profit, so I went back a page on this thread to reread your post, with fingers crossed that you had. Sorry to hear it didn’t quite happen. But with how fast it dropped, and how it’s already recovered a bit, it’s always possible we’ll see a decent recovery this week for you to then pull a bit out.

Thanks for sharing. I had read a few reasons for the sudden drop, but this one seems the most logical/supported.

Government trying to reach their hands in our pockets. Why not? (Sarcastically)

This is why I’m holding in cold storage they don’t need to know (or prove) what I have.

Thanks! I appreciate it. We’ll see what the next few weeks bring. I have all my numbers ready go and most of what I need transferred to Coinbase Pro ready to sell. I just need the market to cooperate.

I was considering putting in some sell orders at the prices I need, but I’m not sure if I want to watch it in case of a break out with one of them.

It’s not money I need so I’m not really in a hurry. It just puts a damper on my timeline.

Feb I think maybe early march

So now that the price fell, what is the easiest way to buy? I’m guessing I need a digital wallet (I currently have Wax but not sure I can use that) Also how do you dump the wallet to cash when you want to bounce?

Don't take my answer too much into account since I'm mostly cold storage. But, places like BlockFi can easily tether your bank accounts to transfer money. Be prepared to provide your social and take a selfie on your phone. I did this but I just don't hold any funds with them.

Days like today is when you ADD to your portfolio

Exactly!

Thanks for the info. Is there a link or key post for “crypto for dummies” starter post for rookies like me?

1. Open a Coinbase account.
2. Add your bank account, deposit money.
3. Buy Bitcoin and Ethereum, the two biggest coins.
4. Wait for 3 or 4 months and watch your account gain 25-50%, OMG, this shit is awesome!
5. Start buying other coins, open a Binance US account and transfer Bitcoin over from your Coinbase account.
6. Decide you have a more chance of making big money buying cheap lesser coins (AKA "shitcoins"), buy a bunch with your Bitcoin, get really excited as they get pumped and go up 300%, buy more at the peak, then watch the price tumble and you lose most of your money.
7. Then start over and focus on Bitcoin and Ethereum, buying $50-$200 each paycheck each time the price dips.
8. 5 years later realize you have over 50K-100K in crypto and realize your crypto account has grown way faster than your stock investments. Start planning your early retirement.

Less than a full day later, my ada purchase has gone from 1.16 to 1.32 currently. Nothing crazy, but I’ll happily take it.

My Chia plotting is underway! Only have 3 plots farming currently but some SSDs arriving later this week should speed things up quite a bit.

8BB1B2D1-13C4-4FA9-89C9-E814CE2B1DDA (resized).jpeg

I'll hit you up once I build my next comp

Do I even want to ask what Chia plotting is?

https://www.chia.net/2021/02/22/plotting-basics.html

And why would you want to be “plotting”? Nothing in that article said anything about its use or anything else relevant to what it is or purpose that it serves. Other than a way to burn up SSDs and waste space.

Is there something in that article that explains what it does and I just missed it?

Since when is use and relevance important?

Chia runs off of PoST (proof of space and time)

So in order to farm (like mining) you need to have plots to farm.

Each hard drive which can be HDD, will be filled with plots. In order to produce plots at an efficient rate a SSD preferably mounted via M2 off the motherboard would be used to plot your farms. Good CPU with good memory are ideal.

Think of your SSD like your tractor. Unfortunately SSD have finite life so they will get run into the ground. Once plotted the files hang out and are referenced from time to time so HDD work best/ more cost effective.

Well gee, thanks for the clarity.

What does it do? Does it serve any purpose?

For example LINK acts as an oracle service bringing consensus data from off the Etherium virtual machine (EVM) onto the EVM for use in smart contracts. So things like non-ERC-20 token prices and financial data. It also allows interoperability between blockchains that have no way to share data.

BAT serves as a payment system so people can tip or support online content creators.

UNI, SUSHI and CAKE provides liquidity in a market where there might not be enough which allows people to exchange tokens where there isn't either enough liquidity to support their transaction, or perhaps there isn't a trading pair between the two currencies.

CEL allows people to stake tokens for interest that is then lent to other people or institutions that might not want to sell their coins thereby triggering a tax event.

I'm just trying to figure out what it actually does? It sounds like it just sucks up bandwidth and storage space while burning up SSDs for for no useful purpose?

I added that to my watch list back when it was around $2, but it's not on any of the exchanges that I use, so I'm kind of out of luck.

And that boys and girls is why you don't keep your 'effin keys on your 'effin computer. That d-bag should be thrown in jail. Damn CEO of an exchange keeps his private keys for the administrative MetaMask wallet on his damn computer? Seriously?!?!

Mine have never been on my computer.....ever. They are embossed on steel plate locked in safes at two different locations.

https://cryptobriefing.com/easyfi-hacked-over-80-million-metamask-attack/

Right now nothing more than take up space on HDD and burn through SSDs but next month we’ll see what it’s valued at. According to two people who did a private sale it’s worth at least $100 to them.

I had BAT for awhile that was fun to collect via Brave. I should have turned up the advertisement setting in the browser all the way and let it sit overnight.

"Stupid is as stupid does"

I'm sorry, but this is hilarious. What beef does Binance have with Texas specifically that's not applicable to the rest of the US?

*edit* Found a bit of stuff, including TX issuing a C&D against them a month ago....heh.

I'm going to get it from Astropin for this one, but I bought some DOGE. I had $41 in my Binance account I found when I went in to pull my weekly staking rewards numbers for my tracking software.

Figured, what the hell. I'll buy it at $0.34 and put in a sell order for $0.69 and see if I can double my money.

Before you down vote me too much, I also bought some SUSHI that I've been eying for the last few weeks. Figured the pull back might be a good time to get in on it. I appear to be pretty heavy into DeFi now that I take a look at my portfolio.

Texas is pretty anti-crypto and into heavy regulation of new industries and things the government can't quite understand or doesn't like. They finally let liquor get delivered and shipped to people at their homes after fighting it for years. Pot's still illegal, even for medical use except for a few very explicit medical conditions. But there are ways around it.

cardano (resized).JPG

This could be a very big event for Cardano/Ada, and possibly crypto as a whole. I'm very excited for this. Only downside is they're making us wait until next Thursday haha.

I'm not going to downvote anyone for "playing" in a pump and dump scheme. $41....have fun. Just don't go thinking it has any real future and start adding real money to it just because you did "double your money".

Anyone ever tried out a trading bot?

https://www.wikijob.co.uk/content/trading/cryptocurrency/best-bitcoin-trading-bots

Maybe this isn't allowed, but..

If anyone is thinking about opening a coinbase account, if you use the link below and fund with $100 we both get $10 in BTC.

https://www.coinbase.com/join/beimbo_2

If I get the referral, I'll donate $10 to a charity of your choosing (preferably one that makes a small donation really painless) with screenshot proof.

pasted_image (resized).png

To be honest, if I get a free case of Stella out of this, it’s a win.

I think it’s as much of a shit coin as you do.