Bitcoin and Crypto Talk (Merged)(includes NFT) (1 Viewer)

Elon on SNL and DOGE drops 20%.






I watched SNL last night but turned it off before Weekend Update, which is apparently when he made his comments... Overall, in the portion of the show i saw, he was actually better than I thought he would be.. He is an odd dude, but he embraced it.. i liked the line he had where he said somehting to the effect of ‘I reinvented electric cars and I’m sending humans to Mars- did you think I’d be a normal, chill dude?’... But yeah, when it was first announced that he’d be hosting, i did immediately think that if he somehow goofed, it could negatively affect the price of TSLA.. i wasnt really thinking of DOGE or anything else.. in the world we live in, it seems surprising that anyone that rich would even want to host SNL when one misstep could have major financial consequences, but that type of pressure doesn’t seem to affect Musk- which is probably why he’s a multi Billionaire and i am a multi- Thousandaire. #humblebrag
 
Yeah I bought at .07. Not sure what it's going to do now that the SNL thing fizzled.
I bought in at $0.075, so I am actually still WAAAY up. But I could have captured a lot of profit, and then bought back in, maintaining my same position. It dropped so precipitously because a whale sold a HYUUUUUUUUUUGE chunk of his/her doge which then caused the casual investors to panic and sell theirs as the price kept dropping. But anyway, it's slowly rising a gain. I might throw a few more bucks at it or just stay where I am. Lol
 
Jesus ... I just converted some Doge to USDT as a test to swap for another coin, and they took a completely undisclosed fee of $25. I had a tiny profit until then, and I'll be damned if I'd have approved the transaction if I saw that it would cost me 33% of the coins. There was some disclosure about the Txn costing 1 DOGE, but that was it.

Someone's raking in mad profits, and it's not the people trading the coins.
What platform?
 
Changelly, through a Coinomi wallet.

I noticed that buying crypto through Simplex linked from this wallet estimates a worse exchange rate than going straight to the Simplex website, so I'm sure they're skimming as well.

At least it was a very affordable mistake.
People slam Coinbase but at least they're upfront with their fees.
 
Dammit.. Tesla no longer accepting Bitcoin.. This one stings.



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I sure wish he would just shut up about things. Or at least give me a heads up before he speaks. I was wondering what was moving it down and now my small buy in at $54K is under water. He is worried about BC's mining impact to the environment but throwing up rockets into the atmosphere weekly?

what a dick move. He is crashing the entire market.
 
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the exchanges have been hit hard. I was able to buy BTC and ETH on the dip.

Really hate Musk has this much power to manipulate the market.

Other assists have volatility based on news like this - regularly. Just part of the deal, the question is how much of bitcoin’s value premise is truly impacted.
 
Other assists have volatility based on news like this - regularly. Just part of the deal, the question is how much of bitcoin’s value premise is truly impacted.
What a crazy ride the last hour has been. I can now get back into the exchanges and with the dip buy have mostly recovered to where I was at before his tweet.
 
I think a difference lately is that when BTC dips, buyers might include Goldman Sachs and JP Morgan.
 
I think this was a smart move by Musk. Musk hates, absolutely hates, short sellers.

He clearly said he wouldn’t be selling off his position. And all this may be temporary.

I don’t think him tweeting that Wednesday after hours was a coincidence. Today the DTCC is running market wide liquidity tests.

Institutions heavily exposed on short positions just lost a ton of margin less than 24 hours before the liquidity tests.
 

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