I'm just annoyed because I know when I have my next bag of fun money to drop in it will be a week and a half from now and chances are this will have "fixed itself" by then....
One thing I'm noticing and trying to figure out the importance of is the volume numbers. Unless I'm reading the charts wrong, ETH and BTC are both seeing ATHs in terms of volume. Which makes conspiracy theorist Haus think some level of market manipulation might be at play, that or a lot of...
Question will be if this bounce just has the energy to just recoop the "flash loss" (which would get ETH back to around $2750) or actually start an upward trend to get out of this correction. Optimist me is hoping for the latter. Pragmatist me says this, at best, gets us back to $3k.
Essentially this just wiped out the entire years market gains. Mostly apparently on a misleading Reuters story. China apparently didn't "ban" crypto. They reiterated a policy they've had on the books for years preventing banks from providing speculative services...
I'm starting to wonder about the length of this correction. My next bump of cash to put in won't hit until around end of month. Hoping there will still be deals to grab, as I still believe in not only the long term, but the 3-6 month term as well...
I would suspect we're seeing accumulations. Can't think of a reason Binance would need to shuffle coin off to an unknown wallet, but some whale tucking away what they thought was a steal in a dip? More probably....
Speaking of , you're dearly love ETH is re-testing it's lows of a couple days...
... and that's when the supports fell out from under ETH and BTC at the same time....
Oh and as for Twitter accounts to follow. Check out @whale_alert . It's an automated feed that tracks large transactions of the major blockchains. If you see a lot of whale movements to exchanges, expect a...
My big surprise of the day so far hasn't even been MATIC, which has definitely been a pleasant thing to watch. It's been QUICK, since I do my LP staking and yield farming over on Quickswap for MATIC stuff and get rewards in QUICK seeing it spike past $1200 (still short of the ATH of $1585 at...
Yeah, MATIC has made a wonderful hedge for me on this particular little correction. I see the reasoning behind it. That week or so where we had gas fees causing transactions to cover $175-$225 probably drove some people to "How can I do this with lower gas fees? Oh, HI2U Quickswap and...
Well my art skills with Snip tool and scribble aren't the best... Supposed to show the blue line hopping from lower high to lower high. Yellow line shows the lowest of a string leading to a new higher high and resetting the cycle. PENDANTS ARE FOR PUSSIES!
SO my shot at TA based on this "Elon Crash"...
Blue lines show how once the Elon Crash started you had three lower highs set in... then ONE higher high.. then three lower highs.. then ONE higher high.. then three lower highs...
If this plays out then we're going to see $46K BTC in the next 12...
I'm read something today saying The Flash may also be on the cancellation bubble after this season as it's ratings are also falling. Although they have Grant Gustin signed for another season, don't know if that matters if they cancel it.
Being as I'm a greedy whore I'm perfectly OK with the market getting beaten into submission until around the 2nd of next month.... Make a nice flat bottom. I'm perfectly OK with this.
I like Lark, but also I file him as an overly optimistic analyst. I balance him with people like Krowne (who is hard TA and literally spend this morning taking about "not good things on the horizon" for BTC)
He's also obviously on the spectrum and prone to occasional profanity laden rants...
Yeah, what AAVE is doing isn't a pyramid scheme. They're simply offering an up front bonus for using the services because it will get more liquidity into their system which is the long term thing they need. I haven't been playing with it yet though, and probably won't personally.
RIght now...
I will also chime in with the "start small and build up as you learn your lessons". Same way I learned poker with friends playing nickle/dime ante long before I decided to sit down at a table in a casino and drop "serious paper money" on it.
I started around 90 days ago (you can go WAY back in...
OK, so first time this has happened to me and I thought i'd ask what you good folks think I should do.
Pulled the trigger on a transaction on the ETH network, in this case leveraging the matic bridge to move some ETH over to the MATIC L2. Clocks in at 50 GWEI. Cool.
I wait 10 minutes and...
Yeah, sounds like instead of ETH2, they need to call it "Staked ETH". Although in the long run when ETH2 hits apparently there will be a transition and all ETH will "become" ETH2....
I still have a bit of BTC. And regardless of if it's a "meme coin" or "useless" the fact is right now it has the market cap dominance that it isn't going anywhere. And I suspect it will have another leg in this bull market, which means there will be a more profitable place to exit the...
Na....
About 19% of gold worldwide is used as bullion (i.e. store of wealth)
Around 78% is used for Jewelery
The remaining 3% or so is used in electronics and other uses.
I'm leveraging coinbase right now to accumulate on dips of things I can buy there. (predominantly ETH, ADA) then waiting to move the ETH once gas prices subside.
I had to do a debunking run on the ecological nonsense already due to a friend making this claim about crypto months ago.
Gold uses far more energy and produces far more industrial waste... Which is what BTC positions to replace.
Same for the traditional banking system... Which is what...
OK... you take a pile of dollars. I'll take a pile split between DAI and USDC. Exchanging neither for anything else who do you think will have more in a year?
Protip :
Now, from an investing standpoint during a bull market (which we're still in) you only want to have it as a temporary...
1) As already noted, nowhere near recovering all of it yet... still down considerably.
2) People spooked by a drop pull money out to stablecoins (DAI/USDC/USDT/etc...) then when they think it's bottomed they re-insert (which does account for some of the bounce).
3) Crypto markets are never...
I have a small bag, as mentioned it really doesn't have an honest use in and of itself. But with that said, it's up around 38% since I bought in. So I have no complaints.
https://cointelegraph.com/news/texas-house-passes-crypto-friendly-bill-now-goes-to-senate
That's some good news for us Texans... Plus as a bonus I actually know the congressman who is behind it (Tan Parker)
On the other hand.... at these gas fee levels the mining on my wee single 3070 will probably pay off a sizable chunk the PC I am using by the end of the month. ;)
I love how on the crypto.com site they have a gas fee tracker... which then shows that they're not even in the top 5 on best price for a transaction, but they still put themselves at the top of the list. heh
At this point if it's still at this level of stupid when I want to do my next buy in I...
The practice I have is as one goes up when it's around 150% my original in I take out some amount of my original stake (usually 20-25%). Then at %175 I take out another slice, then at 200% I take out the remainder of my original investment so I'm playing with "house money". It makes for...
That's the magic halo range. Just close enough that you can get into town for work if needed, far enough out that public transit won't get rioters to you neighborhood. Imagine that around Dallas, plus broadband access, and you have where I'm looking for my next house.
So... we create a coin which has a built in smartcontract to burn fees in order to maintain scarcity. In fact, we have a policy to burn fees so that at any point in time 13% of the wallets will own 50% of the coins. We will operate on the PoT (Proof of Tits) validation mechanism, and our cross...
Sounds horribly predatory... But yeah... wait until the foreclosure moratoriums are gone, then however long it takes to evict people in your state, then look for the bank auctions.
Well this is derailing into general life money management. But I will admit, at one point not long ago I had one goal. Zero Debt.. Period. And I was pretty close to hitting it. No CC balances, only a mortgage and Car payment left to knock out. Then I came to a realization. If my house and...
This is what I've been seeing/reading and why I'm also in on MATIC. Right now it's the heaviest of what I consider "altcoins". (I consider ETH and BTC a different class, and hold more of both of those than MATIC)
A good example, say if 2.0 hits and it slashes gas fees by 75%, those fees will...