Crypto-trading thread

929,894 Views | 9588 Replies | Last: 12 hrs ago by videoag98
administrative errors
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It's good to be discerning and read a variety of opinions and experiences to build your own version of reality, but you can discern that it's limited because you aren't engaging in that reality, just an observer trying to unobtrusively speculate on the direction of future trends.

One of the biggest differentiators I've found in people engaging in speculatory actions in "crypto" and what people term bitcoin "maxis" is that there is engagement in more than just trading IOUs inside a walled garden environment like coinbase or an exchange of some sort.

I thoroughly encourage any and all here to open a lightning channel, take the Investment of time and effort to figure out why many of us vehemently oppose the continued explosion of ****coinery and the massive timesuck that is demanded of your attention and the minimal knowledge gained in the process besides "learning trading signals" [which in my opinion is the lowest form of knowledge and shouldn't be sought... it's like learning the game of roulette, then the odds, then the strategy on how to walk away before learning how powerful gambling addiction actually becomes]

I'm rambling I appreciate your contributions and encourage you to take the initiative to be more hands on instead of waiting to be fed information by biased reporting that must then be filtered...

Love you guys, want the best for everyone here, I'm working on improving my communication.


Edit: by being more hands on, we will all be able to contribute to the proper growth and direction and functionality of the future global marketplace. Remaining a "trader" cheapens the experience you could be building.
***
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AE Ventures - sooner than soon
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Step 3: property found

Step 4: set date

Step 5: plan agenda for participants, food, logistics etc, integration and counseling post-experience

Step 6: long-term planning

I am amped.
LatinAggie1997
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AG
I don't trade and I don't care about technical analysis, that's just me. I care about the fundamentals and the vision. I too dislike the ever growing token count as I believe there are now over 9,000

I believe we will eventually have 8-10 ecosystems and that is it. Everything is will fail, be absorbed, or merge. Imo, all crypto will be big box with no mom and pop. We will see "groups/departments" that work independently but fall under one of the mains.


Just my opinion.

administrative errors
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If you haven't yet, I would ask you to pursue more data on RSK, Sovryn, Lightning network.

I dont disagree with the idea that multiple ecosystems will work together, but I think all will settle on bitcoins base layer eventually.

I shared your exact position about 3-5 years ago, and only recently disposed of the idea that others will exist standalone in some nature.
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Coming soon:
AE Ventures - sooner than soon
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Step 3: property found

Step 4: set date

Step 5: plan agenda for participants, food, logistics etc, integration and counseling post-experience

Step 6: long-term planning

I am amped.
bigcat22
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AG
I this would be a good place to get some advice. I'm the Treasurer of my Fantasy Football league and this year we wanted to spice it up a bit and allocate the pot on various cryptos and see what happens. We aren't talking big money (pot is about $1k) but I wanted to see what you guys think in terms of where I should allocate. And we aren't afraid of risk, so don't be shy lol.
administrative errors
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A productive waste of time would be getting a multi-signature wallet setup for the league.

Making side bets in satoshis was something I wanted to implement this year.
***
Coming soon:
AE Ventures - sooner than soon
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*Addiction services

Step 3: property found

Step 4: set date

Step 5: plan agenda for participants, food, logistics etc, integration and counseling post-experience

Step 6: long-term planning

I am amped.
administrative errors
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administrative errors said:

Done7 said:

Going to bookmark this.

#remindme5years






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AE Ventures - sooner than soon
*Psychedelic Retreats
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*Addiction services

Step 3: property found

Step 4: set date

Step 5: plan agenda for participants, food, logistics etc, integration and counseling post-experience

Step 6: long-term planning

I am amped.
TxAG#2011
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Sold the SOL top for AAVE. That kinda worked out. MFer looks primed
Done7
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Time will tell if it was the right decision.
wareagle044
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TxAG#2011 said:

Sold the SOL top for AAVE. That kinda worked out. MFer looks primed


AAVE is launching on Harmony soon
bmks270
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AG
What is the path to getting returns in most Cyprus. How are they priced since their value isn't yet known. What is a smart contract worth? All cryptos as just moving up and down as speculative assists with FOMO and buyers looking for greater fools.

Bitcoin is unique since it's value is as a store of wealth, inflation hedge, and currency, but take chain link for example. LINK price isn't driven by demand for trust less contracts, it's just speculation.

As far as I know, no cryptos are priced due to demand for their use case, and all price action is driven by speculation.
administrative errors
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The path to returns in crypto is to start or shill an existing ****coin, and claim it fixes all the things wrong with bitcoin and watch youtuberbooberz teaching trading signals 24/7/365.

This is far more favorable than actually learning what bitcoin is through reading and experimenting and running a node. Hth.

***
Coming soon:
AE Ventures - sooner than soon
*Psychedelic Retreats
*Physical and mental exercises
*Addiction services

Step 3: property found

Step 4: set date

Step 5: plan agenda for participants, food, logistics etc, integration and counseling post-experience

Step 6: long-term planning

I am amped.
TxAG#2011
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bmks270 said:

What is the path to getting returns in most Cyprus. How are they priced since their value isn't yet known. What is a smart contract worth? All cryptos as just moving up and down as speculative assists with FOMO and buyers looking for greater fools.

Bitcoin is unique since it's value is as a store of wealth, inflation hedge, and currency, but take chain link for example. LINK price isn't driven by demand for trust less contracts, it's just speculation.

As far as I know, no cryptos are priced due to demand for their use case, and all price action is driven by speculation.

Ethereum is on pace for an annualized revenue of nearly $13 billion
capital markets
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AG
Question for administrative errors.

Do you think smart contracts on Bitcoin will eventually overtake etherium based smart contracts in usage? If so, which protocols do you think will enable this to happen? Soveryn ? STX? Something else?

New to the space in past six months and trying to soak up as much info and viewpoints as I can. Thank you!

Loaded
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AG
capital markets said:

Question for administrative errors.

Do you think smart contracts on Bitcoin will eventually overtake etherium based smart contracts in usage? If so, which protocols do you think will enable this to happen? Soveryn ? STX? Something else?

New to the space in past six months and trying to soak up as much info and viewpoints as I can. Thank you!


This report by Kraken mentions Sovryn, Thorchain, and Portal as possibilities. See page 32 for the DeFi discussion, but the whole document is worth reading.

https://kraken.docsend.com/view/9e9y7may8526z934

administrative errors
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The base layer is important and eth hasn't figured its own base layer out and changing its structure midstream. Building smart contracts on a constantly changing base is like building sand castles.

There is nothing as secure and stable and tested as bitcoins base layer. There are no opportunities for centralized entities to interfere with the operation of smart contracts on bitcoins base layer because it's decentralized, where ethereum uses centralized service providers like AWS [AMAZON WEB SERVICES] who may get woke and practice cancel culture, you don't fkn know what could happen there, nor should you explicitly trust them "because they're big" as we've we've over and over and over and over and over the last few years

Does that answer your question?

[Just reread my speed post, my question sounded aggressive and definitely was not.]

Re: which protocols, I think RSK and the combination of Taproot enhancing the base layer are a good start but it's still early. The point is that the base layer is the most important part. Learn about all of em, and if you feel up to the task use any of them, I can't encourage the activity of testing the protocols on your own and gaining special knowledge ahead of the rest of the world. You'll be far more invaluable to the institutions you are currently serving or might develop something completely new and interesting setting you off into a long path of success.
***
Coming soon:
AE Ventures - sooner than soon
*Psychedelic Retreats
*Physical and mental exercises
*Addiction services

Step 3: property found

Step 4: set date

Step 5: plan agenda for participants, food, logistics etc, integration and counseling post-experience

Step 6: long-term planning

I am amped.
Tibbers
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Hey guys, check out BlockFi. You can nab a credit card that pays 1.5% back in Bitcoin on each purchase. Been loving it so far!

https://blockfi.com/?ref=c0f2cf8f
Comeby!
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AG
Question: if you have $10MM to invest in crypto, other than buying coins, how would you invest in this space for maximum risk adjusted returns?
administrative errors
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Invest in mining. Whether primarily bitcoin or mining other coins to sell into bitcoin. If you have 10mm and are asking for free advice as to what to do with it, I'd hire a consultant.

[Or alternatively throw some money at me as I'm bringing a microdose product to market and wouldn't mind the investment]
***
Coming soon:
AE Ventures - sooner than soon
*Psychedelic Retreats
*Physical and mental exercises
*Addiction services

Step 3: property found

Step 4: set date

Step 5: plan agenda for participants, food, logistics etc, integration and counseling post-experience

Step 6: long-term planning

I am amped.
TxAG#2011
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NOIA LFG
TxAG#2011
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Comeby! said:

Question: if you have $10MM to invest in crypto, other than buying coins, how would you invest in this space for maximum risk adjusted returns?


Low liquidity ****coins are probably your best bet
bmks270
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AG
There isn't much use case besides HODLing at the moment. The price is mostly a function of peoples feelings, which are unpredictable.

There are a lot of merits to crypto currencies but also people could lose faith one day and it all be worthless, the same cycle all currencies go through. The price action is driven by a group consensus and group psychology. The price moves with sentiment.

Riding momentum is a great way to make large returns, but I'm skeptical of the 10-20 year outlook.


Comeby!
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AG
What's your favorite most accurate hash rate calculator? Seriously looking into it.
administrative errors
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black_ice said:

administrative errors said:

Take that extra savings in attention and point it to new skills that'll make you useful to your local community.


Exactly. Raise chickens. Calves. Get into your local farmers market.


Just a better speaker on the topic:

***
Coming soon:
AE Ventures - sooner than soon
*Psychedelic Retreats
*Physical and mental exercises
*Addiction services

Step 3: property found

Step 4: set date

Step 5: plan agenda for participants, food, logistics etc, integration and counseling post-experience

Step 6: long-term planning

I am amped.
Drawkcab
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Welp. Missed the almost 40% jump for SHIB hitting Coinbase today. Think it's still a good long term buy?
administrative errors
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No.
***
Coming soon:
AE Ventures - sooner than soon
*Psychedelic Retreats
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*Addiction services

Step 3: property found

Step 4: set date

Step 5: plan agenda for participants, food, logistics etc, integration and counseling post-experience

Step 6: long-term planning

I am amped.
LatinAggie1997
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AG
Drawkcab said:

Welp. Missed the almost 40% jump for SHIB hitting Coinbase today. Think it's still a good long term buy?


My take...

I put a little money into early at .00000065
and am willing to let it sit until 2025...it could be a waste of $1k or it could make me a couple hundred thousand.
Probably not a good entry point now unless you are willing to wait and ride the risk.
Done7
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99.99999999% it will be waste of $1k. Buy real coins with utility.
Playa00
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AG
Shib is on Coinbase!
black_ice
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No
Decay
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AG
The chance to get 100x on SHIB is long gone I think.
TxAG#2011
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Done7 said:

99.99999999% it will be waste of $1k. Buy real coins with utility.


Lol. Plenty of ****coins with no utility do fantastic
Done7
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That's also true with penny stocks. But more often than not you will lose money playing with penny stocks and sh*t coins.
TxAG#2011
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Done7 said:

That's also true with penny stocks. But more often than not you will lose money playing with penny stocks and sh*t coins.


Penny stocks and ****coins aren't comparable at all. Entirely different market structures.
mrmill3218
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AG
Why has the price of ADA not gone up after the smart contract launch?
RAM 12
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AG
mrmill3218 said:

Why has the price of ADA not gone up after the smart contract launch?
lol
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