Current Events > Cryptocurrency General Thread

(+) Yeah! (+)

Esrac posted...

So, what platform is it currently on?

it's based in the ethereum ecosystem. i've been buying on uniswap.

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DOGE is up, but I have a feeling we're in for another crash on the 8th.
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Future_Trunks posted...

Gonna drop in some for truebit. Where do you see this going, @TheMikh ?

it's still quite early, and despite the growth in price and market cap there is algorithmic price stabilization from the protocol itself going on.

with this and fundamental utility to the ethereum network taken into consideration, it's going to be an interesting ride.

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Revnir posted...

I put everything in Doge

Now I have 2,788.755 dogecoins

Did I make a good move

Depends on when you did it
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at 38 cents a coin? seems a bit high a price to buy in at

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Revnir posted...

Today

I had some bitcoin, stellar and ethereum and traded them for doge

It's a very volatile coin atm. Lotta whales invested. We could see another 4/20 situation on May 8th where everyone buys in expecting the moon and then a whale decides to get out at the same time.

Or we could hit the moon.

May 8th is gonna be a day.
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How do you guys feel about Vechain and BitTorrent? If anything?

Got a few people at work really talking up Vechain.

Esrac posted...

How do you guys feel about Vechain and BitTorrent? If anything?

You can use BitTorrent to get crypto?

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Revnir posted...

I put everything in Doge

Now I have 2,788.755 dogecoins

Did I make a good move

Let's see if Doge ends better than ETH by year end. Should be interesting.

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indica posted...

You can use BitTorrent to get crypto?

From what I've researched, bittorrent is a big no-go.

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Ethereum at 3000

Revnir posted...

Should I do half half?

No harm? Don't kick yourself if one does a lot better. Just part of the game. Gains are gains.

I might invest in a few more coins this year then do non crypto investing. Don't want to keep it all in one thing.

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Came across Zero Exchange the other day.
https://medium.com/@OfficialZeroDex

Yea yea another DEX; but they currently support cross chain swaps. Tried it out today with a little DAI (from and ETH wallet into BSC wallet). Fees weren't bad at all using MetaMask.

With BSC picking up steam I could see the usefulness of going from chain-to-chain very worthwhile.

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Trumpo posted...

Ethereum at 3000

Dumped a bunch more in at 2950 I just felt like it was going to press upward. Still expect it to go down before going back up


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indica posted...

You can use BitTorrent to get crypto?

There is a BitTorrent coin. Currently worth about .007. So, not even a cent or on any of the major exchanges.

ETH now (or was) at 3100

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Sometimes I cry myself to sleep knowing that I could have bought eth when it was 200 USD. Instead I spent it on booze, ciggs, and weed like a total moron.

$100 away from ETH doubling my money! Under 2 months wowowow!!

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It's official I've doubled up for now.

w00t!

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$20K CDN like the first week in March IIRC.

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and yr not holding ltc rn?

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insomniacRA posted...

Sometimes I cry myself to sleep knowing that I could have bought eth when it was 200 USD. Instead I spent it on booze, ciggs, and weed like a total moron.

technically this happens whenever you choose to spend instead of invest, you miss 100% of the shots you dont take

impermanent loss is a little worrisome but my first day of liquidity pooling netted some pretty pleasant rewards

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TheMikh posted...

impermanent loss is a little worrisome but my first day of liquidity pooling netted some pretty pleasant rewards

navigating impermanent loss is def the big challenge for poolers w v3. im v interested to see how shyt develops alongside certain market conditions

[LFAQs-redacted-quote]


ive seen people hype it up for a few months now. looks like it had a blow off top in april and its consolidating now. dont expect a leg up before more agonizing chop imo (though it broke out this morning and is retesting an s/r flip now, so maybe there is hope short-term)

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insomniacRA posted...

Sometimes I cry myself to sleep knowing that I could have bought eth when it was 200 USD. Instead I spent it on booze, ciggs, and weed like a total moron.

This is where understanding a project and its potential comes in. Most people keep thinking "Ah man, I could have bought X at $AB dollars and I would have been rich" without understanding why they never bothered to buy in in the first place.

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Sad_Face posted...

insomniacRA posted...

Sometimes I cry myself to sleep knowing that I could have bought eth when it was 200 USD. Instead I spent it on booze, ciggs, and weed like a total moron.

This is where understanding a project and its potential comes in. Most people keep thinking "Ah man, I could have bought X at $AB dollars and I would have been rich" without understanding why they never bothered to buy in in the first place.

What are some that you thought had good potential, but never (or hasn't yet) worked out. What are some where the DD ended up failing
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And is mining any crypto still viable these days?
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emblem boy posted...

And is mining any crypto still viable these days?

I don't know much about mining, but from my limited understanding:

I think if you have the GPUs already it is fine, but trying to get them now is a huge issue

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the new wave is liquidity providing and yield farming. mining is boomer shit for the most part

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emblem boy posted...

What are some that you thought had good potential, but never (or hasn't yet) worked out. What are some where the DD ended up failing

I hopped in on a project once upon a time called DeFi Money Market. But my due diligence (even though I had all the information right in front of me to read up on) amounted to trusting they were going to work out since they were using Chainlink technologies and were invited to speak at Chainlink conferences. They went belly up sometime last year and I ended up $400 down the drain. Low effort and low investment, but dead projects are definitely a possibility in this budding field.

Thing is I'm super laser focused and obsessed with Chainlink. It's difficult to leverage that same excitement and obsession to other projects so I notice other projects, see their potential, and think "oh, that's nifty, but it needs Chainlink to work" and so I double down on more Link buys.

I think my most recent case was my friend telling me at NFTX, this is basically a token whose value is influenced by the total value of the NFT industry. So as the NFT industry grows, the value of the NFTX token grows. Moving forward, we want to create NFT versions of properties and other real estate, ones that track athletes' performance for fantasy football league and the like. Then there are a billion and 2 possibilities for NFTs with gaming and virtually anything else because NFTs are the medium in which you can digitize an object.

But here's the problem, none of that data exists on the blockchain. For instance, how many points X player scored in X basketball game, his NFT equivalent would not know. The data has to be brought onboard in a secure manner that doesn't compromise the blockchain. There's only one way to solve this issue, by using an oracle. And what oracle is every project going to use? Chainlink. Why bother with NFTX? In the end, I bought one by moving around altcoins I already had since it was priced at $300 just to say I "diversified".

This is why you hear me always go on about Chainlink even though it's just under $50 and I could be selling to buy myself a house right now.

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Decided to stop ETH mining for a bit and see how ETC goes since the value has kinda skyrocketed recently


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CookieMarvin posted...

the new wave is liquidity providing and yield farming. mining is boomer shit for the most part

SergeantGander posted...

emblem boy posted...

And is mining any crypto still viable these days?

I don't know much about mining, but from my limited understanding:

I think if you have the GPUs already it is fine, but trying to get them now is a huge issue

:(
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CookieMarvin posted...

the new wave is liquidity providing and yield farming. mining is boomer shit for the most part

So I heard this recently and have no idea what that means, also "Proof of Work to Proof of Stake"

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pogo_rabid posted...

So I heard this recently and have no idea what that means, also "Proof of Work to Proof of Stake"

lending out your crypto to DeFi protocols for 10%+ APY. With Yield Farming, you can lend out your crypto for pools that pay 20% and 80% and even 100% interest. If you look deeply, you can find pools paying out 1000% interest, but those don't last for more than a few days.

I tried it, and it's super lucrative once you get passed the obnoxious gas fees (though I hear Fantom is painless and easy for this), and also once you get past impermanent loss. I was in the green easily, making a $90 a day from lending out probably $20K worth but I couldn't stand seeing my linkies being sold off (and it was only a couple per day when they were ~$15). So I had to stop.

Quick (10 minute) tutorial on impermanent loss
https://www.youtube.com/watch?v=8XJ1MSTEuU0

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awesome, thanks

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Uniswap migrated to v3 today and it's buggy as hell.

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Any of you guys staking your ethereum?
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https://twitter.com/stillm4n/status/1390106378161754112?s=21

btt boys you are in good company

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TheMikh posted...

Uniswap migrated to v3 today and it's buggy as hell.

literally broken for coinbase wallet

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Lord_Shadow_19 posted...

literally broken for coinbase wallet

same for metamask, and trezor's eip-712 compatibility or lack thereof may also be implicated

at least i'm still (apparently) collecting fees from the liquidity pool, but i may need to ditch metamask and explore my options with ledger and another hot wallet to interface with it

if there's an upside, though my liquidity pool's volume has diminished significantly today, the liquidity itself has also dropped significantly (and my share has increased by 42%) and so my revenue today wasn't that much lower than yesterday

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it looks like the barriers to liquidity migration are quickly starting to create opportunity costs between the v2 and v3 pools

the trezor team's priorities are screwing a lot of people over

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finally migrated my funds.

seeing as trezor and metamask have been dragging their feet for months with supporting the eip standard causing the issue, i take it that uniswap was the party that actually took charge in this situation.

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