Sounding more and more like the big dip last week and the mini dip yesterday (thanks Litecoin) were our last chances to buy low for a while But then again nobody knows shit
I hope that's the case. I don't have much more money I feel comfortable dumping in and don't want to be tempted.
I only had like 25% of my orders go off yesterday, may have undershot a bit But who knows, maybe we continue to accumulate even with all the talk about how the market is about to explode.
I still think (lol like I know anything) there's some up and downs before we get a really strong run in late October.
Mine is basically hunch. Also looking at all the other data that people send out. To me, the technical analysis in crypto is worthless. It's more whale heavy than stocks so they can manipulate it much easier and with less capital. Random charts/data I enjoy looking at. https://www.blockchaincenter.net/bitcoin-rainbow-chart/ https://trends.google.com/trends/explore?q=Bitcoin,Ethereum,Solana https://www.lookintobitcoin.com/charts/bitcoin-investor-tool/ https://genesistrading.com/about/quarterly-reports/ https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount https://alternative.me/crypto/fear-and-greed-index/
But hey it’s Defi right? SOL might have some solid utilization, but I don’t think it can be argued that a big part of the price surge is coming from a historical amount of shilling. The amount held by VCs and vesting schedule are atrocious
Everything but BTC is a scam / going to zero / not necessary. A troll, he knows what reaction it’s going to get lol
In this piece we discuss our concerns around the broader “crypto” space beyond Bitcoin. Our arguments revolve around three primary themes: Philosophical, Technical, and Economic. From a philosophical perspective, we discuss the core properties that make Bitcoin work and that make it unique, in our view. From a technical perspective, we evaluate how these properties are lacking to a greater or lesser extent in alternative “cryptoassets,” having been designed out again on questionable philosophical justifications. From an e conomic perspective, we walk through our concerns that “crypto” has not shown a path to establishing a basis for justifiable real-world value, explain why we believe this would be very difficult to ever accomplish, and suggest therefore that their technical flaws are especially vulnerable. Given the complexity of the task we have set ourselves, this piece is intended to bring our arguments into long form and provide a discussion base for good faith disagreement. If you did so much as even skimmed the intro, you'd know it's not remotely arguing what you offer above. Nor is it a troll. But a guy who views what's actually written in the article as a troll is admittedly not the intended audience.
I just finished it. To say it’s a troll article is dumb. It’s a critique of defi, which the authors admit would likely apply to btc (albeit not to the same extent due to the differences in the underlying base protocol). When you find a substantive rebuttal, you can let me know.
Man, the pumping and dumping that Solana is doing over the past few days is so sketchy. Contributors could send that price to the floor at any moment if they decided to sell
Thanks China My portfolio is going back to even for the year but at least my limit orders are going off today
Is the bloodbath over? Will be interesting to see what the rest of this week has to offer between wallstreet and a ton of longs due to get rekt on Friday
You said it didn't say the thing I said it did before finishing the article (c'mon) Predicts non-BTC crypto likely going to zero - 2nd page (Our argument is that, in the long run i) it is likely that much of the current value will prove unsustainable and therefore will disappear ) Rebuttal: Takes a Bitcoin-centric view of the world where BTC design (proof of work) is optimal (purely a matter of opinion) Ignores facts on the ground (1) adoption and market cap of non-Bitcoin coins is growing exponentially, 2) Institutions hold and continually hold more crypto outside BTC) It's analysis of Curve, one of the more complex and successful applications in DeFi is the following. Does this look like serious analysis? It's just silly Bitcoin fan-fiction that is more philosophical than it is technical. It's an ideological paper that ignores what's actually happening in the market.
BTW - usually fine to just not engage but so messed up that a portion of the BTC community would rather the rest of crypto die (and argue for that fact) for some matter of pride about being #1. Really rankles me, very selfish way of thinking IMO. I would like Bitcoin to succeed along with the rest of the ecosystem.
See bolded above. This is such a whiny take. If I had a bunch of money tied up in defi and other crypto, I'd want to read that article, and Lyn Alden's article, and John Pfeffer's article, etc. And I'd want to see a substantive rebuttal. I can't even tell you how many anti-btc debates and articles I've read over the years. You're welcome to think he's wrong, but the basis for doing so being "well people use defi and bitcoiners are mean" isn't exactly convincing.
Usage and marketcap is relevant because the "problems" he lays out don't seem to be discouraging adoption by individuals or institutions? Hello? I would question my reasoning if the predictions I were making were contradictory to what is happening on the ground. Miss me with the anti-btc articles because I'm not anti-btc. This article might have had merit three years ago, but at this point it's very "Krugman / internet will not affect the world" kind of vibes or if you like politics better, people who are still arguing "Trump was cheated by Biden". Pretty clear where the world is going, let it die, it's over.
I think the distinction is really that he is actually knowledgeable about crypto, which makes him the perfect person to fuck it.
Ehh I think he might go in with the idea of fucking it but in the end game there will be so much change and compromise to his ideas that it will be fine I know Saylor is a biased as they come, but he makes a couple decent points In the end, if there is a way for institutions to make money off of crypto, they will try to figure out a way to do it and keep it that way
Yeah might be a bit more damage come tomorrow if/when Evergrande misses those payments and actually defaults, but it could be turning into a “buy the rumor, sell the news” type of thing