Bitcoins/Litecoins/Virtual Currencies

Jysin

Jysin

Ahn'Qiraj Raider
6,275
4,027
Crypto bounced because the stock markets have. Plain and simple. There is no technical reason for any crypto relief today, other than stock market bounce.

Until some specific coin has a catalyst for a real move higher, they're bound to market moves for the time being.
 
  • 2Like
  • 1Solidarity
Reactions: 2 users
Lightning Lord Rule

Il_Duce Lightning Lord Rule

Lightning Fast
<Charitable Administrator>
10,520
54,246
Jysin said:
Crypto bounced because the stock markets have. Plain and simple. There is no technical reason for any crypto relief today, other than stock market bounce.

Until some specific coin has a catalyst for a real move higher, they're bound to market moves for the time being.
Click to expand...
Agreed. And when I say 'technical' it's literally just looking at what tradingview is saying for the support levels on the various charts (1min, 5min, 1hr, etc).

I also read some of the 'ideas' that people post there, but most of them are all over the place and I don't think ANY of them are talking about this correlation with the overall market. Because of that I look at most of them as just noise.
 
  • 1Solidarity
Reactions: 1 user
LachiusTZ

LachiusTZ

Rogue Deathwalker Box
<Silver Donator>
14,472
27,162
Remember when crypto was excited about the "institutional herd"?

Well, this is the result.
 
  • 1Like
Reactions: 1 user
T

Torrid

Molten Core Raider
926
611
1643072860731.png
 
  • 1Like
Reactions: 1 user
Zzen

Zzen

Potato del Grande
2,807
3,393
Damn, Saylor is so cringe.

Him being on their side must be really tough for the crypto bulls.
 
Rajaah

Rajaah

Honorable Member
<Gold Donor>
11,308
14,990
Lightning Lord Rule said:
Apparently they're having network issues that cause it to go down for some periods. Haven't looked too in depth at it cause it looks like junk to me, but having what amounts to outages spooks people methinks.
Click to expand...

That makes sense, because from the way SOL is moving compared to other dipped things, I'm not getting the impression that it has anywhere near the consumer confidence that the other major coins on my radar have. Looks like a lot more people are abandoning ship than buying the dip.

I was THIS close to buying a bunch of SOL back in Sept, so I guess I dodged one bullet.
 
Arden

Arden

Blackwing Lair Raider
2,648
1,941
The possibility definitely exists that the top coins that end up "making it" if (when) crypto gets mass adoption and ends up powering Web3 aren't in the current top ten or maybe even haven't been created yet.

The current top "use case" coins (ETH, BTC, SOL, etc) all have pretty serious issues.
 
  • 1Like
Reactions: 1 user
Arden

Arden

Blackwing Lair Raider
2,648
1,941
Torrid said:
sounds like more kicking the can down the road to me
Click to expand...

I haven't seen anything indicating they are extending timelines or changing objectives. Everything I've seen just says they are changing the terminology. Did I miss something or are you just doing Bitcoin Maxi stuff?
 
  • 1Truth!
  • 1Like
Reactions: 1 users
Lightning Lord Rule

Il_Duce Lightning Lord Rule

Lightning Fast
<Charitable Administrator>
10,520
54,246
Arden said:
I haven't seen anything indicating they are extending timelines or changing objectives. Everything I've seen just says they are changing the terminology. Did I miss something or are you just doing Bitcoin Maxi stuff?
Click to expand...
Agreed. That's what the linked article says if you read it. The headline is very misleading.
 
Flobee

Flobee

Vyemm Raider
2,608
2,997
Arden said:
I haven't seen anything indicating they are extending timelines or changing objectives. Everything I've seen just says they are changing the terminology. Did I miss something or are you just doing Bitcoin Maxi stuff?
Click to expand...
Look into the history of Eth 2.0. Its not "Maxi stuff" to accurately describe the continued delays to this "upgrade". They're changing definitions for a number of reasons I'm sure, but one of which is probably that they've been promising 2.0 or "consensus" layer by the 'end of the year' since at least 2019. Now its 50% complete.

EDIT: Here is a Twitter thread documenting every single Eth 2.0 delay. You can call it "Maxi stuff" if you want, but its simply documentation of factual events

 
Last edited:
  • 1Picard
Reactions: 1 user
Arden

Arden

Blackwing Lair Raider
2,648
1,941
Flobee said:
Look into the history of Eth 2.0. Its not "Maxi stuff" to accurately describe the continued delays to this "upgrade". They're changing definitions for a number of reasons I'm sure, but one of which is probably that they've been promising 2.0 or "consensus" layer by the 'end of the year' since at least 2019. Now its 50% complete.
Click to expand...

I'm familiar with the history of ETH 2.0. From what I'm seeing the only change they are announcing is the name change. Not the timeline or the goals. I was trying to figure out if Torrid had information I hadn't seen yet, or if it was just an assumption based on his BTC bias.

I'm not emotionally invested either way, but I do like to gather as much information as I can. I've just learned that when you get information from a maxi (any maxi) you've got to be really careful about taking it at face value.
 
  • 1Truth!
Reactions: 1 user
Flobee

Flobee

Vyemm Raider
2,608
2,997
Arden said:
I'm familiar with the history of ETH 2.0. From what I'm seeing the only change they are announcing is the name change. Not the timeline or the goals. I was trying to figure out if Torrid had information I hadn't seen yet, or if it was just an assumption based on his BTC bias.

I'm not emotionally invested either way, but I do like to gather as much information as I can. I've just learned that when you get information from a maxi (any maxi) you've got to be really careful about taking it at face value.
Click to expand...
Saying its 50% done is a change to the timeline so far as I'm aware. I don't pay much attention to ETH stuff these days, but last I heard PoS was supposed to merge to the main chain late 2021 to early 2022. 50% is a far cry from that.
 
LachiusTZ

LachiusTZ

Rogue Deathwalker Box
<Silver Donator>
14,472
27,162
Hard things are hard, and take longer than expected.

Also on tonight's news, water is wet.
 
Flobee

Flobee

Vyemm Raider
2,608
2,997
LachiusTZ said:
Hard things are hard, and take longer than expected.
Click to expand...
We could stop climate change, keep donating, just a few more years
We could stop racism, vote for us again, just a few more years
We're gunna fix income inequality, 50% there!
We're gunna stop the spread, just a few more weeks

Hard things are hard, but sometimes you're getting scammed. You'd think people would be getting better at noticing the difference at this point.
 
  • 1Worf
  • 1Seriously?
Reactions: 1 users
T

Torrid

Molten Core Raider
926
611
Well for starters, the June 2022 date was only recently set in December in an 'upgrade' they ironically (or appropriately) called 'Arrow Glacier' which sole purpose was to delay the 'ice age' yet again. So this timeline they're supposedly adhering to was set all of a month ago.

Secondly, calling the proof of work chain a layer and using a Dragon Ball Z fusion dance meme suggests that it will not go away. ETH2's proof of stake chain was supposed to replace it. Furthermore doing a rebrand of sorts a mere 5 months from the merge just to 'avoid confusion' after years of using ETH2 nomenclature seems odd.
 
  • 2Like
  • 1Solidarity
Reactions: 2 users
You must log in or register to reply here.