Ten dollars of Stellar (XLM) from Coinbase (Crypto trading/market thread)

pmbug

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I made a coinbase account a long time ago when I was messing around with few dollars worth of bitcoin, litecoin and etherium. It had been so long since I last logged in or looked at it that I had pretty much forgotten about it. But they recently sent me an email with an offer to watch a few videos and "earn" $10 worth of something called Stellar (traded as XLM on their network). So, I watched the videos and took their quizzes and "earned" $10 worth of XLM. Took just a few minutes and was easy to do. I think I have more questions about Stellar than when I started, but whatever. If you have a coinbase account and haven't already seen these videos/quizzes, you can do so from here (and earn $10 worth of XLM for yourself):

https://coinbase.com/earn/xlm/invite/xbtwzc20

If you don't have a coinbase account, and would like to experiment with crypto, you can use this referral link to open an account:

https://www.coinbase.com/join/5a54e7dee5fc3305c5c056d6

If you end up buying $100 worth of crypto (bitcoin or whatever), we both get $10 worth of bitcoin for free.
 

pmbug

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I checked my coinbase account this morning. The $20 worth of Stellar that I got for free last year is currently worth $15 apparently. Huzzah!

Etherium and Litecoin are similarly swirling the drain right now (even further down actually). Bitcoin, however, has been on the rise recently. I bought $48 worth of bitcoin back in January 2018. Coinbase gave me another $10 (for opening an account). That $58 worth of bitcoin from nearly 3 years ago is now worth... <drum roll> ... $67. Now that's some sweet ROI!
 

pmbug

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Well, roughly a month after my last post and my crypto holdings have all nearly doubled in value. Crazy stuff.
 

pmbug

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Well, everything crypto is flying on rockets right now. It's getting ... frothy.
 

pmbug

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Crytos are crazy.

Friday, bitcoin was nearing $40K/btc. Sunday, it tanked down to $36K/btc. This morning, Elon Musk decides to drop $1.5B into bitcoin and announced that Tesla will accept bitcoin payments for Tesla cars. Bitcoin hit $44K/btc a short while ago.

 

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Bitcoin hit 55k today and surpassed $1 trillion market cap. I thought about buying a bit more when it briefly dipped to 45k a week ago, but failed to do so. F me.
 

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Coinbase, one of the biggest and most established cryptocurrency exchanges in the world, has filed to go public via a direct listing in the US. The listing - which has been described as a "break-through moment" for the industry - will see shares of Coinbase trade on the Nasdaq following a direct listing.

The company filed its S-1 Thursday morning, offering the most insight yet into the firm's financials.

Coinbase, which has seen its revenue explode over the last 12 months, is hoping to list under the ticker "COIN".

Axios reported earlier this month that Coinbase was valued at just over $100B during its most recent private fundraising round.
...
At that valuation, COIN would clinch the highest IPO valuation ever, higher than Uber and Facebook.
 

pmbug

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... Coinbase ... reported about $1.8 billion in revenue, a 9x increase from the prior year, and a net income of $730M to $800M on an adjusted EBITDA of about $1.1 billion. In addition, the company boasted 56M verified users (13M of them added in Q1 alone) and 6.1M monthly transacting users (+3.3M in Q1). Revenue growth over the last quarter was 207.6%, net income was up 312.9% and volume traded was up 272%.
...

Bitcoin flirting with the $60K mark again. Etherium pushed through $2K convincingly. Looks like the music isn't going to stop any time in the near future for cryptos.
 

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Cryptos to the moon this morning. Bitcoin blowing through 62K. Etherium broke through 2.2K. Just about everything is breaking through all time highs.
 

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Saw on ZH that eBay CEO mentioned on CNBC that they are looking into allowing transactions with crypto. This would be pretty huge if they actually do it.
 

rblong2us

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In the last couple of weeks I have been amazed at the number of people I have chatted to who are now immersing themselves into crypto awareness and starting to make serious gains.
And I am talking about older folk, kinda over 50's, who in the past would have been more inclined to consider the metals.....

Should I sell the loss making silver and join them ?
 

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I've been dabbling with the cryptos, but I didn't sell any metal to do so. There is still a good chance that the metals will break out. The disconnect between paper and physical is as bad as I can remember.

Cryptos seem like a no brainer right now, but that might be an indication that we're near the top/end of the mania. Then again, they might go to the moon.
 

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Crypto markets are absolutely melting down right now. Blood in the cyber streets.
 

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Good time to get in or sit quietly by and watch ?

Glad I am in that place of safety right now though (-:
 

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I'm no expert, but it looks like the crypto markets are consolidating around their new bottoms right now. If you have play money you can afford to lose, now seems like it might make a decent entry point for gambling on some crypto.
 

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Bitcoin hit a new all time high this morning. Ethereum back over $4k and likely to test it's all time high within the next few days.
 
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