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Bitcoin / Cryptocurrency Discussion (And Predictions)

MoneyDoc

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Good stuff.
I am quite happy to sit tight here.
I only bought a few days ago haha.
If we happen to retest lower levels I will go again.
My problem is that I come from the gambling world. So I have a big appetite for risk, lmao.

Probably not a smart move to buy another 2 right now... but oh well.
 

Timmy C

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My problem is that I come from the gambling world. So I have a big appetite for risk, lmao.

Probably not a smart move to buy another 2 right now... but oh well.

Probably not the worst call though.
 
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MitchC

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Gains or losses aren’t real until you sell. It takes testicular fortitude to HODL when in red.
Did anything change in your opinion about cryptos? Or blockchain?
Thanks to this comment and others I held on, I didn’t buy any more as I have ever dollar I have in crypto already.

I’m back well into the green today.

I’m going to buy a nano ledger so I can’t check Binance anymore, although I am using Binance for staking and liquid swap.

does anyone know if there’s a decentralised way like a wallet to stake? Or do I need to keep trusting Binance?
 

Timmy C

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Thanks to this comment and others I held on, I didn’t buy any more as I have ever dollar I have in crypto already.

I’m back well into the green today.

I’m going to buy a nano ledger so I can’t check Binance anymore, although I am using Binance for staking and liquid swap.

does anyone know if there’s a decentralised way like a wallet to stake? Or do I need to keep trusting Binance?

F*ck them.
Here is a P2P guide on how to buy / use crypto P2P.
Jungle animal instructions.
 

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  • Crypto P2P guide.pdf
    1.6 MB · Views: 35

Timmy C

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Thanks to this comment and others I held on, I didn’t buy any more as I have ever dollar I have in crypto already.

I’m back well into the green today.

I’m going to buy a nano ledger so I can’t check Binance anymore, although I am using Binance for staking and liquid swap.

does anyone know if there’s a decentralised way like a wallet to stake? Or do I need to keep trusting Binance?
HODL always HODL!
Well done!
 
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SharpeningBlade

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HODL always HODL!
Well done!

So true...

I sold about 3% of my holdings a week or so ago (all algorand and cardano, 30% of my graph token) just to take a small amount of $ of the table and use it to make a bill payment, will have to declare a loss on my taxes for it. Kind of regret selling but I wasn't thinking clearly, thankfully held all my btc, eth, and dot.

Also, can't think of this as a Fastlane scheme so I guess sacrificing a small portion of my holdings is also good to reinforce that income and value production is the primary metric I should be focusing on.

Better not to look at the charts. When theres a crazy pump, I will hear about it in my day-to-day environment without even needing to reference charts or news.
 

Antifragile

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Thanks to this comment and others I held on, I didn’t buy any more as I have ever dollar I have in crypto already.

I’m back well into the green today.

I’m going to buy a nano ledger so I can’t check Binance anymore, although I am using Binance for staking and liquid swap.

does anyone know if there’s a decentralised way like a wallet to stake? Or do I need to keep trusting Binance?

Happy to help @MitchC .

Side note: I am less concerned about price as I am concerned about holding my crypto on an exchange. If it gets shut down, I've lost it all. Price will go up and down, that's fine. In short, I hold nothing on any exchange. Hardware wallet - that's it.
 
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Madara

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I'm not entirely convinced until we break through this strong bar of resistance

daily.PNG

That coincides with the 21 weekly Ema (Yellow line) which is one of the strongest forms of resistance/support in a market

weekly.PNG

Once we get through that and turn it into support, we should be good to go.

If not, there will be more buying opportunities. The major price level that is holding strong and stopping btc fro tanking is 28k.

Saying that, its been a good couple of days

Amazon rumour/ news
Elon
Jack dorsey
etc
 
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Timmy C

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I'm not entirely convinced until we break through this strong bar of resistance

View attachment 39158

That coincides with the 21 weekly Ema (Yellow line) which is one of the strongest forms of resistance/support in a market

View attachment 39159

Once we get through that and turn it into support, we should be good to go.

If not, there will be more buying opportunities. The major price level that is holding strong and stopping btc fro tanking is 28k.

Saying that, its been a good couple of days

Amazon news
Elon
Jack dorsey
etc

Yeh, no way Amazon is telling you they are buying a few months from now or a date in the future.

They will tell you after they bought it long ago.

100% fake news.
 

Madara

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They were probably accumulating way back as are many other companies we have yet to hear about.

Still that rumor helps put some confidence in the market and attract new investors, so all good for those who have been accumulating throughout the last two months or so

I heard from someone that Amazon is denying the rumors and speculation. If that's true i wouldn't be surprised to see a sell off and we continue to range or go down a bit. Risk management is key at this stage.

I prefer TA and reading charts myself, then going off the latest random news and rumors of the day. I find TA more reliable. In this case, what shoots up vertically, must always come back down to test prior levels

Edit: Looks like it's rejected off that bar of resistance

rejection.PNG
 
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Leo Hendrix

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So what alt coins is everyone looking at (i.e. hoping for) during the 2021 bull run? Shill me.
DFYN, OHM, OMEN, Syncdao, Stacker.vc, Eth to moon at anytime after or near 2.0, FISH, RSR, HTR, EDSRL
 
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MoneyDoc

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Are people really not concerned about the Federal Reserve making a "regulatory" statement in September as mentioned in the last hearing by Powell?

FUD or not, it can cause a correction.
 

SharpeningBlade

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Are people really not concerned about the Federal Reserve making a "regulatory" statement in September as mentioned in the last hearing by Powell?

FUD or not, it can cause a correction.
The government is consulting companies because ultimately it is entrepreneurs and businesses that make government possible via extortion -- uh -- I mean taxes.

Right now, the big companies and entrepreneurs and venture capitalists are all excited about crypto as the next iteration of the Internet. It's still early, analogous to 1996 or 1997 of the Internet.

Listen to Andreesen Horowitz or other big firms they are talking about crypto.

$17 billion in VC funds have been allocated to crypto startups in this year alone (as of June), which is about 6% of vc funding. Not huge in terms of percentage, but if you look at it like a nascent industry, it's definite sign of growth.

Gov would be wise to make good choices, and will experience heavy lobbying if they choose to come up with regulations that would hurt the industry.
 

MitchC

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The government is consulting companies because ultimately it is entrepreneurs and businesses that make government possible via extortion -- uh -- I mean taxes.

Right now, the big companies and entrepreneurs and venture capitalists are all excited about crypto as the next iteration of the Internet. It's still early, analogous to 1996 or 1997 of the Internet.

Listen to Andreesen Horowitz or other big firms they are talking about crypto.

$17 billion in VC funds have been allocated to crypto startups in this year alone (as of June), which is about 6% of vc funding. Not huge in terms of percentage, but if you look at it like a nascent industry, it's definite sign of growth.

Gov would be wise to make good choices, and will experience heavy lobbying if they choose to come up with regulations that would hurt the industry.
So what you are saying is this is the opposite of FUD and we are going to the moon. Can’t wait
 
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Bones81

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Cautiously optimistic right now. Need to see a break of the descending trendline around $45k before I'm willing to get really bullish again.
 

AceVentures

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Don't sleep on NFTs guys. The next narrative is NFTs, but unlike DeFi it will have a much faster adoption rate and much bigger market potential.

If you keep up with ETH at all, you'll know from the EthCC conference that took place in Paris last week that identity and NFTs are the next focus for development. Listen to Vitalik's speech for more context.

Don't start aping into random jpgs on opensea, but take the time to understand derivatives and how NFTs are the most powerful digital abstraction across the stack right now.

I've said this before and I'll say it again because in the 1% case that I'm right, I want all of us to ride this wave together. I strongly believe LUKSO will pull a 10-100x from its current valuation in the next 2 years. I've placed heavy bets on this and I'm already up ~2x from my DCA buys thru the last 2 months. Testnet launches likely in August and mainnet will follow shortly afterwards.

This one has all the right pieces in all the right places. The timing is impeccable, the narrative is the strongest, and the ERC725 standard it introduces is the missing element that can lead to mass adoption (keypair abstraction and relay services via smart contract wallets).

This level of abstraction (smart contract wallets with executable functions) changes the game in many ways - new business models emerge and MEV or transaction sequencing can be offloaded to an entire marketplace of transaction relayers. These players can offer to pay gas fees to subscribe users to blockchains. This means seamless UX with no "under the hood" signing txs, setting gas amounts and limits, and paying for the fees. This also means brand new middleware marketplaces for moving data between the parties involved.

I ramble on this topic. Please take a couple hours this week and study up - the upside is massive.

This interview with Fabian Vogelsteller, the founder of LUKSO, uploaded this week, is likely a good starting point if you want to get fresh insight into what I'm going on about.
 
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Antifragile

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Maybe I missed it in your previous posts @AceVentures but I don’t see LUKSO in my live ledger search or on Kraken exchange. How are your buying it?
 

AceVentures

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Maybe I missed it in your previous posts @AceVentures but I don’t see LUKSO in my live ledger search or on Kraken exchange. How are your buying it?

Uniswap or Kucoin at the moment. Uni would be idea as you wouldn't need to create yet another account on yet another CEX.

Get a metamask wallet, and you can rig it to your hardware wallet for extra safety. Meaning any transaction you sign on your metamask wallet (browser extension) will first need your permission on your physical hardware wallet before sending anything off.

From there go to a dex and connect with your metamask browser wallet. For example you could use a dapp like 1inch. I prefer to use a liquidity aggregate like 1inch since it shows you the most optimal route and will fetch you the best prices across uni, sushi, and other possible liquidity routes.

On 1inch, you'll be able to transfer any ERC20 token in your wallet for any other. Lukso is one you can trade against. It has liquidity in both uniswapV2 and uniswapV3.

If it's your first time using a DEX, play around with smaller txs until you're comfortable. Liquidity is often much smaller on a DEX than a CEX so breaking a large buy into smaller chunks is a better idea, otherwise a large buy against a liquidity pool might shift its price by a lot, in effect netting you a higher price.

Oh and be extra mindful of your slippage tolerance on every trade on a DEX. Triple check your slippage and gas before sending off your TX.
 
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Antifragile

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Thanks, found LYXe through swap for ETH.

also read this on their website
LYXe
LYXe is the representation of LYX on the Ethereum Blockchain. The Reversible ICO releases LYXe to its participants. Once the LUKSO main-network launches a process will be created to migrate LYXe to LYX on the LUKSO Blockchain.

edit: doing my research and thinking of dipping my toe with a small amount like a few ETH. Thanks buddy.
 
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msufan

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Don't sleep on NFTs guys. The next narrative is NFTs, but unlike DeFi it will have a much faster adoption rate and much bigger market potential.

If you keep up with ETH at all, you'll know from the EthCC conference that took place in Paris last week that identity and NFTs are the next focus for development. Listen to Vitalik's speech for more context.

Don't start aping into random jpgs on opensea, but take the time to understand derivatives and how NFTs are the most powerful digital abstraction across the stack right now.

I've said this before and I'll say it again because in the 1% case that I'm right, I want all of us to ride this wave together. I strongly believe LUKSO will pull a 10-100x from its current valuation in the next 2 years. I've placed heavy bets on this and I'm already up ~2x from my DCA buys thru the last 2 months. Testnet launches likely in August and mainnet will follow shortly afterwards.

This one has all the right pieces in all the right places. The timing is impeccable, the narrative is the strongest, and the ERC725 standard it introduces is the missing element that can lead to mass adoption (keypair abstraction and relay services via smart contract wallets).

This level of abstraction (smart contract wallets with executable functions) changes the game in many ways - new business models emerge and MEV or transaction sequencing can be offloaded to an entire marketplace of transaction relayers. These players can offer to pay gas fees to subscribe users to blockchains. This means seamless UX with no "under the hood" signing txs, setting gas amounts and limits, and paying for the fees. This also means brand new middleware marketplaces for moving data between the parties involved.

I ramble on this topic. Please take a couple hours this week and study up - the upside is massive.

This interview with Fabian Vogelsteller, the founder of LUKSO, uploaded this week, is likely a good starting point if you want to get fresh insight into what I'm going on about.
I love this post but don't understand it. What do you feel like is the play with NFTs -- buying some to resell or getting in on the creation side?
 

AceVentures

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I love this post but don't understand it. What do you feel like is the play with NFTs -- buying some to resell or getting in on the creation side?

There will be many usecases and many winners, but at this stage I'm more interested in infrastructure design/architecture.

I play with these things every day. After months of heavy use, I've learned a ton about the user experience and what value skews would change the game. Smart contract wallets are one of these game-changing value skews.

My bet on LUKSO is a bet on the use of the ERC725 token standard as an emergent asset class. This asset class will be far superior to other smart-contract standards in that there is an executable function inside the contract itself. This execute function can be called from outside the contract and so this contract can become dynamic.

This dynamic element enables you to have a "wallet" like you do in metamask today, but it'll actually just be in a smart contract on chain. This execute functions opens the door for enabling new recovery features. Personalized recovery features. As many and as unique of a recovery that you would like. Remembering your "private keys" will not be something you'd be doing anymore, because this on-chain smart-contract could sync up with other data sources and perform checks against them.

Imagine "signing in" to a contract using a password if you want, or a pin, or whatever you set, and once authorized any dapp you visit you automatically authenticate via this smartcontractwallet, and then from there you can do all your social media, all your banking, and every other tokenizable function can be controlled from this wholly owned contract that lives onchain.

The real beauty in all of this, is in the simplicity of the abstraction. It's not a complex standard, in fact it's a really simple design. It's this execute function that opens up a brand new playing field for the composability of contracts across the crypto stack.

Take a look at this, it's called a universal profile. These are smart contracts on chain. But they're user profiles like on social media. Imagine now if you own the key to this account, there are now functions on the web app for you to do things.

You can create your own universal profile Universal Profile Cloud

What's cool is if you go thru the process, you never sign a tx personally, a relay service creates this account for you! I hope you can begin to see how social applications can be built using these principles.
 
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