Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. user15000

    user15000 Well-Known Member

    If you truly just want a place to save money and to check on it 5-10 years from now when it’s significantly higher, you should buy btc. If you’re trying to speculate and hit the altcoin lottery, listen to what everyone else told you.
     
    Whammy likes this.
  2. kennypowers

    kennypowers Big shit like a dinosaur did it
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    Go to coinmarketcap, sort by new, yolo entire life savings into random meme coin, retire rich.*

    *Results may vary. You will probably ruin your life.
     
    IV, letan and danny2430 like this.
  3. huskerrolly

    huskerrolly Well-Known Member
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    what i’m really trying to do is become a multi-millionaire by the end of the week.

    also part of the TRIBE
     
    IV, HuskerInMiami, Taffy and 2 others like this.
  4. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Furries vs NFTbros is the best thing to happen to crypto this year.







    New copy pasta





     
  5. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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  6. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    See my response below thanks
     
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  7. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Vidy piqued my interest, but I saw that it has 2 coins and one is a TRC-10 (Tron) coin. Didn't Tron's founder joke about how it's a shitcoin?
    VIDY ($.0016) has a supply of 10b while VIDYX ($.05) has a supply of 1b.

    Is it normal to swap, then have to wait 2 months to get the funds back? Or is this like a 2 month CD and you have to lock it up for 2 month intervals if you want to stake it?
    upload_2021-11-15_10-36-18.png
     
  8. PaulKemp

    PaulKemp Well-Known Member
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    Oh dude I have no clue. I was kidding around with that list and know basically nothing about them outside of visiting their websites. If any have potential or actually do something, it’s purely coincidental
     
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  9. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Is this just saying that most NFT's were bought by bots?
     
  10. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    No lol. That’s what they call pasta.
     
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  11. HuskerInMiami

    HuskerInMiami Well-Known Member
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    #18761 HuskerInMiami, Nov 15, 2021
    Last edited: Nov 15, 2021
  12. brolift

    brolift Well-Known Member
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    Ya. It’s all about capital control. Don’t want Chinese capital getting deployed anywhere but mainland China.
     
  13. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    TBH the NFT posters are trolling the dude and it's not really that entertaining or any different from the "normies" (right clickers) vs NFT bros on Twitter

    There's a really small percentage of the NFT community that interacts with DeFi smart contracts and vice versa (like 15% of wallets interact w/ both). It's really silly that the meme coiners and NFT bros can't get along because NFTs + defi makes too much sense.
     
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  14. jorge

    jorge Founder of Post ITT if your team sucks
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    brb gonna become a digital yuan whale
     
    brolift likes this.
  15. HuskerInMiami

    HuskerInMiami Well-Known Member
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    This address flipped 1b in BTC it bought on Friday for an easy 27 million gain today. I'm pretty sure it's just an exchange moving money in/out. Would they do this just to make it more secure?
    https://bitinfocharts.com/bitcoin/address/3A9jNrniUXC8ha2YH4BD2LVALrFdGUq5J4
    upload_2021-11-15_12-36-25.png

    In one of the previous transactions it shaves off 21BTC and transfers it to this address. Maybe it's the best scalp trader all time with 500m+ in the last 6 months? Pretty sure it's the same exchange, but I'm curious why they do transactions like this.
    https://bitinfocharts.com/bitcoin/address/35h49kvohPx5Pmtpt26P8o3KuSczsFLo23
     
    FourClover01 likes this.
  16. HuskerInMiami

    HuskerInMiami Well-Known Member
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    With this thought in mind, shouldn't all ETH holders want people to buy these ERC-20 altcoins because it just creates traffic on ETH and generates more $? Obviously the price would go up if they were buying just ETH, but if they're not, at least they're buying something on ETH network.
     
  17. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    It depends. If you're the NFT crowd, you're kinda pissed that ETH is climbing and that gas fees are high because it's not so easy to quickly flip some avatars for 100x your investment anymore.

    A lot of the NFTs created on OpenSea that lack true utility is also becoming worthless at this point. In this instance, you're really only getting the image and paying about $200 in gas fees alone to do so. No thanks. We need more ETH holders that understand the smart contracts behind the ERC tokens they are acquiring with defi and NFTs.

    And if I'm strictly looking at NFTs I love the whole "right-click save" argument. Please, go ahead and freely advertise to your 90k followers about how a silly picture of an ape is selling for an entry-level house.

    But as someone who has bags of BTC, ETH, and multiple ERC tokens, I can agree. The easier we make it for everyone to access the ETH blockchain and interact with different types of smart contracts, the better it is for all of us crypto bruhs
     
  18. user15000

    user15000 Well-Known Member

  19. a1ND

    a1ND Bold & Spicy
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    wow, I was curious as to why MARA dropped 15% today. Thanks for sharing
     
  20. soulfly

    soulfly Well-Known Member
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    Don’t even get a status update on what El Salvador is doing during this dip? user15000 be slacking.
     
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  21. user15000

    user15000 Well-Known Member

    Aren’t all of their buys well below $60k? I’m sure they’re doing fine.
     
  22. FourClover01

    Donor

    Crypto is on sale today, 10% discount, who's buying?
     
    dblplay1212 likes this.
  23. danny2430

    danny2430 Well-Known Member
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    Had about 20% of my portfolio in cash, only used up half of it so far

    Thought we’d dip further tbh
     
    Tug likes this.
  24. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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  25. Andy Reocho

    Andy Reocho Please don't get lost in the sauce
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    Am I rich now?
     
    letan likes this.
  26. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Just a proposal, has to pass governance vote, but I’m adding to my position.

     
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  27. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Pull up the candles, gentleman.

    [​IMG]

    *Someone fat fingered a huge order on Coinbase all the way up to $1.9x
     
  28. —

    Well-Known Member
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    Dude who heard a rumor from a janitor gonna start the great crypto panic of 2021. Sigh
     
  29. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Fwiw, hedge fund and trader friends want our positive equity in $TRIBE realized with any merger/ token swap, etc. They may vote no without a fully equitable swap equaling full/fair treasury value. Everyone else on CT seems very bullish on the synergies a FEI Rari merger creates.
     
    brolift likes this.
  30. jorge

    jorge Founder of Post ITT if your team sucks
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    Man just peaking in on some of the insane arguments on twitter - this confirms to me that UTXO coin maxis are the lowest info crypto communities.
     
    dblplay1212 likes this.
  31. jorge

    jorge Founder of Post ITT if your team sucks
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    Also every time someone discounts a coin because its a fork, they look like a moron.
     
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  32. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Seems reasonable for them to want that, but crypto is also so irrational in pretty much everything still. Interesting to see how they pull it off.
     
  33. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Is this Factom 2.0?
     
  34. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Don’t fade the Tetrachungus.

    [​IMG]
     
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  35. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I'll buy more if it gets down to 80 cents.
     
  36. a1ND

    a1ND Bold & Spicy
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    anyone know what is happening w/ SAND? everything in the crypto market has dropped but SAND has gone up to a new all time high. Seems a bit odd. I was hoping to jump in if it fell under $2.50
     
  37. HuskerInMiami

    HuskerInMiami Well-Known Member
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    It seems like one of the leaders in the Metaverse and I thought I read it had a bunch of big name investers.
     
    a1ND likes this.
  38. a1ND

    a1ND Bold & Spicy
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    yea it's something I want to get in on but was really hoping the price would drop first. I think it's got real potential going forward.
     
  39. Oranjello

    Oranjello Well-Known Member
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    Chumbolone are you still staking on Anchor? I searched the thread and you're the only one who seems to have discussed it. How's it gone for you?
     
  40. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    The Anchor protocol is great, simple, easy to use. However, if you’re putting money on there you really have to educate yourself/know the risks on the Terra LUNA UST model/mechanics, understand the criticisms/risks of algorithmic stable coins/seigniorage shares, then consider the rebuttals/counterpoints (like how important a truly decentralized stable coin is) from the devs/founder - then decide for yourself.

    Fwiw, people in my circle I look to all think it’s doomed to fail at best, a ponzi at worst.

    The basic argument against UST is that it has primarily endogenous collateral, LUNA. You’re supposed to be able to burn LUNA for an equivalent amount of fully pegged $1 UST at any time. But what happens when the supply of UST is > than LUNA’s market cap? Particularly if there’s a market crash? Snowball effect of downward price pressure would depeg UST and crash LUNA’s price. People thought that was what would happen last spring, but UST regained peg within a week. Devs say that means the LUNA protocol worked as intended, offering enough arb incentives to bring UST back to peg, others argue it was an ominous sign of what’s to come during a severe market correction.

    There’s also the issue/risk of yield reserves not growing enough to meet demand for UST deposits on Anchor. Terra already infused the yield reserve with protocol reserves once. Not enough people are borrowing/leveraging despite higher apy incentives to grow the yield reserve needed to meet demand for the outgoing yield on Anchor. There’s a healthy cushion now, but it’s been steadily chewed through twice, before and after the Terra capital infusion. So nothing has really changed, demand for UST continues to outpace LUNA - but like any growing protocol, as more dapps come on line, more uses cases created, you hope demand for LUNA increases.

    I still have a significant amount on Anchor, but I monitor it constantly.

    You can get a safer 8-10% on “better” stables on a number of platforms currently. I’d probably just buy USDC and stick it on Celsius, BlockFi, Gemini.
     
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  41. HuskerInMiami

    HuskerInMiami Well-Known Member
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    How do stable coins make money to pay off the 10% rates they give?
     
  42. Whammy

    Whammy Look kids, Parliament!
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    Blockfi now offers ability to get rewards in ETH on credit card instead of Bitcoin....yes, please
     
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  43. seanofthedead86

    seanofthedead86 Well-Known Member
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    Goddamn Thanksgiving sale going on
     
  44. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Just looked at my phone and WOW. I'm down a good chunk the last week or so.
     
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  45. a1ND

    a1ND Bold & Spicy
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    I am ready to buy more
     
    Chumbolone likes this.
  46. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    HuskerInMiami likes this.
  47. danny2430

    danny2430 Well-Known Member
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    To be all the way down to a 34 on the fear and greed index while BTC is still at 57k is pretty freaking unreal

    We closed at a 79 (extreme greed) while at 52.5k just over two months ago
     
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  48. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    This is an autist’s asset class.
     
  49. houtex716

    houtex716 let's have a beach party
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    Was gonna wait until Eth dipped below 4k but I think I may hop back on the train now