Utopia Talk / Politics / Cryptocurrency Corner

nhill Member	Wed May 12 12:20:58
nhill Member	Wed May 12 12:21:15 http://uto...hread=88090&time=1620840035135 previous thread
Nimatzo iChihuaha	Wed May 12 12:38:01 Ok. Your own strategy Deposit ETH, borrow LUSD Deposit LUSD Borrow waLUSD Farm WASABI Are you doing it exclusively from wasabix portal from the liquity vault/trove? Which it says is in beta and use at your own risk. There is no connection between the Liquity trove and the trove on Liquity?
Nimatzo iChihuaha	Wed May 12 12:39:08 *There is no connection between the liquity trove on wasabix* and the Trove on Liquity?
nhill Member	Wed May 12 12:59:30 I use Liquity to put in a trove, and the Wasabix interface for the rest. They are connected.
nhill Member	Wed May 12 13:00:26 And that strategy is correct. But it's also dynamic so I might diversify it or move on soon. Curve is my next target as it's similar but runs on the Polygon network.
nhill Member	Wed May 12 13:00:51 So if you follow what I do, it may not necessarily be what I'm still doing. :) Shit moves fast at this stage.
Nimatzo iChihuaha	Wed May 12 13:01:31 Anyway, I feel I am getting sold on Wasabix, because one of the reasons I am interested in crypto is community > institutional. The premining of LQTY is sort of hanging over it like an ominous cloud and I have no idea if it will be rain or LIGHTNING strikes in the face. Nobody likes uncertainty. Although the quick rise of Liquity says something. Oddly I find the wasabix interface far more instructional and from what I can see it includes automatism (repaying debt) that isn't there on Liquity. Are liquity/wasabix actually delivering a valuable financial service at the moment (loans that people do stuff with)? Or is this a "staking" period?
nhill Member	Wed May 12 13:03:23 > Are liquity/wasabix actually delivering a valuable financial service at the moment (loans that people do stuff with)? Or is this a "staking" period? The loan portion is very valuable right now. It's the best value proposition in the ecosystem, as far as I'm aware. The staking period is separate and not much different than many other platforms.
chuck Member	Wed May 12 15:41:52 Decent day today. Moved into MATIC in the morning. Went sideways all day. In the meantime, ETH came down to $4k so I converted to ETH around then. Figure this should be good for an easy 10%, as the closest thing I have to an investing thesis right now is "ETH will go up"
nhill Member	Wed May 12 16:38:25 $ETH $MATIC and $LINK have the best fundamentals from an investing standpoint at the moment. $MATIC should be 10x by the end of the year unless Optimism (release in July) ends up being a better solution.
chuck Member	Wed May 12 17:13:13 I'm looking for volatility and fun and games. LRC looks like it fits the bill. Big bounces, <$1/coin so any movement is BIG MOVEMENT
chuck Member	Wed May 12 17:14:39 Been watching XLM since forever. Was convinced last year that if I bought it at $0.06 it would pay off for me but I didn't pull the trigger.its still <$1, but I feel like it is relatively stable actually.
nhill Member	Wed May 12 17:14:39 *grabs popcorn*
nhill Member	Wed May 12 17:15:43 XLM has a 32 bil market cap so it has less upside than something like $MATIC. Probably a pretty stable investment long term.
nhill Member	Wed May 12 17:22:54 Chuck The creator of Ethereum dumped all his shitcoins back into Ether today. Just FYI. It's probably the start of a shitcoin bear market. $XLM isn't a shitcoin. Talking about microcap coins like $AKITA (down 52% today).
chuck Member	Wed May 12 17:49:53 Thanks for the tip. As much as I joke, I wasn't trying to go near Shibu or even Doge.
nhill Member	Wed May 12 17:56:00 Excellent. Hopefully some of this volume flows back to $ETH.
chuck Member	Wed May 12 19:03:05 Jesus, what a bloodletting rn
chuck Member	Wed May 12 19:08:17 My gains are gone lol. BTC off 25% from its high of the day and everything else going with it it seems. Anyway, I'm all in ETH right now. I could flee and hitbreakeven with conversion to USD. Think I 'm gonna take the lumps and stay in though.
nhill Member	Wed May 12 19:26:28 Elon took a dump on the crypto world. It'll bounce back once people rebalance.
nhill Member	Wed May 12 19:29:48 I said this in the other thread but I see $2500 as a possible ETH price point in a pullback (yet another reason why I didn't recommend investing). And then on to new highs.
nhill Member	Thu May 13 11:18:42 Nim FYI, I switched over 6% of my strategy to AAVE on the Polygon network. Plan on increasing this position over time. Not as good of an APR as Wasabix strategy, but the collateral of $MATIC has more appreciation potential. Plan on taking this from 6 -> 20% over the next month, and then scaling back again to see how Optimism launches.
Nimatzo iChihuaha	Thu May 13 11:40:18 Yes, I see. You are clearly doing this at a level far higher than my ambition. Why are you looking for new ways, is it simply because it is fun and you just want more money, or is it that the winds change from defi platform/network to another, thus the same strategy/platform isn't viable? I think you know where I am getting it, is anything longer term viable right now?
Nimatzo iChihuaha	Thu May 13 11:41:17 Of course, barring any kinds of disasters, bugs and other acts of god or malice.
nhill Member	Thu May 13 11:54:43 I've been convinced that L2 networks (networks running on Ethereum) are going to be the future for the majority of transactions. I think Ethereum will serve as a clearing house between the networks. The Polygon Network is currently the leader in that space, so I'm moving my DeFi stake from 100% Ethereum to 80% ETH, 20% Polygon. Currently 6% Polygon. It's partly an experiment. I believe Ethereum long term is the safest bet, and think Wasabix Liquity is the best value proposition in the ecosystem.
nhill Member	Thu May 13 11:58:22 But yes, for the most part I'm just reading stuff as it comes out and exploring new services because it's a fun hobby. There's nothing wrong with my previous strategy and I still use it for the majority of my savings. I'm just in the labs cooking up new iterations.
nhill Member	Thu May 13 11:59:54 The other nice thing about Polygon is you don't need deep pockets to play. Their transaction fees are measured in cents, not dollars. Usually ~$0.15 and they confirm faster, too.
Nimatzo iChihuaha	Thu May 13 12:01:32 Do you have any non physical asset outside the block chain? Like ordinary funds and stocks. If yes, then what percentage?
Nimatzo iChihuaha	Thu May 13 12:06:22 Looks like ETH is the way to go.
nhill Member	Thu May 13 12:14:27 Yes, I have a fair amount. It's semantics, but I consider 100% of my investments to by in stocks, ETFs, and bonds. I use the blockchain as my savings account & live off the interest (The majority of my blockchain assets are tied to USD with crypto as collateral). But, semantics aside.. if you put them both together, the stocks/ETFs/bonds are about 40% of that pie. I don't pay much attention to that, and manage it separately. My biggest equity position this year is $AMLP which is up 24% YTD and pays a 2.2% quarterly dividend next week (~9% yield). Overall, I consider myself very conservative. Not much of a growth investor, and my investment decisions are very much guided by macroeconomic conditions. https://m1.finance/AYRV6vQ-1ugi <- This will be my portfolio in the Q3 of this year due to the lack of economic growth combined with inflation. Heavy on the dividends and utilities to provide income during the bear market.
nhill Member	Thu May 13 12:16:40 > Looks like ETH is the way to go. I think so, too. I'll let you know how my experiment goes. AAVE has an interesting protocol.
nhill Member	Fri May 21 21:27:00 http://uto...hread=88125&time=1621644815690 Wow look at Duckhat with that EPIC KILL! lol. (nvm that I literally have a thread here telling people not to invest in crypto, and that the point of, count it, 3 different 100 post threads completely went over his head) :D Anyways. Adult talk. Now is not the time to get into crypto as an investing class unless you dollar cost average. Let the dust settle. Multiple times have I warned people on this forum that crypto can crash suddenly up to 80%. It's part of the game. http://miro.medium.com/max/1200/0*TFf0nSxfwlbXeEwW.jpg Still early market. Takes guts to get in the game now, and willingness to lose everything you put into it. Risk/reward. The future of our financial system is being built before our very eyes. And damn it did great so far. Not even close to as bad as the last crash. Yet. :)
nhill Member	Fri May 21 21:28:57 I lost about $150K so far, on paper. Am I worried? Hell no. About 85% of my net worth was in USD denominated stablecoins at the time of the crash. On a whole different level than $SPY babies like Duckhat.
nhill Member	Fri May 21 21:32:01 Ethereum is still up 1100% over the past year. AFTER THE CRASH. Duckhat, post your portfolio. Let's see how well you beat the crypto market. I'll wait. Been asking for any receipts from you, little buddy. You can block out the 3 figure punk funds so we don't know how little you are valued by society. Just tell us the percentage. I dare you.
nhill Member	Fri May 21 21:33:02 http://miro.medium.com/max/1200/0*TFf0nSxfwlbXeEwW.jpg Linkify me.
nhill Member	Fri May 21 21:35:21 Let me guess. Duckhat's portfolio the past year: +70%? I hope. Been the easiest time in history to make money in the market the past year. Ethereum: +1100% Oof.
nhill Member	Fri May 21 21:38:52 What drives these crashes? It's an unregulated market. The further crypto goes up, the more foolish people take out leverage. SO. How does that work? Well, if I crash the price by 10% I can buy coins from the leveraged liquidations. Then what happens? Well, the people I liquidated take out more leverage, trying to get their money back. So I crash it another 10% and take their money again. This will go on until the leverage ratio in the market decreases to normal levels. And then it'll be a steady climb to new ATH. Watch. Prove me wrong.
nhill Member	Fri May 21 21:43:18 But, but, you can't even buy on leverage in the USA! Doesn't matter. It's extremely simple to not be in the USA on the internet. And the rest of the world has unfettered access to leverage. As long as this is the case, we'll see crashes until people learn not to use margin. Smart money sees the buying opportunities and dollar cost averages. Whale money simply liquidates retail investors then sells at the local maxima. It's a brutal market. Truly Wild, Wild, West. And it made me f* u money, so I can't complain. As for Chuck. He'll be fine. AFAIK he didn't leverage his investments.
nhill Member	Fri May 21 21:47:29 bUt u dIdNt eVeN aDdReSs sUpPlY aNd dEmAnD! lol, u truly can't teach idiots like Duckhat. It's all there. I'm not going to spoon feed you. I've given you all the keys to your supply/demand problem (very simple 1D problem, btw, but Duckhat's level has to be stooped to). Put the pieces together.
nhill Member	Fri May 21 21:49:14 "Crypto Sometimes you buy the dip and sometimes the dip buys you. Now is not the time to go leveraged long (or short), or even go non-leveraged. If you want to play, now is the time to dollar cost average. Otherwise, let the dust settle. 11:36 AM · May 20, 2021" This is me, yesterday. Damn if I didn't call that shit to a T.
nhill Member	Fri May 21 21:53:31 > About 85% of my net worth was in USD denominated stablecoins at the time of the crash. Net crypto worth, anyways. As I said above, my investing funds are in my M1 portfolio: http://m1.finance/AYRV6vQ-1ugi This is 100% hand-crafted by me. If you want proof, just tell me a stock ticker to add. I'll add it and you'll see it. Crypto is for SAVING money, in my world. I've already made more than I need there. Investing grows my money. Although I can't help but make more money in crypto, even after the crash. Kinda frustrating at times, as if I wasn't so conservative I could be 8-9 figures instead of 7.
Habebe Member	Sat May 22 08:23:19 Ive been keeping 85% of my networth in pogs. I doubled down during the dip.
Habebe Member	Sat May 22 08:29:51 Once I can get $30 for them though, I'm buying a pack of Morley's. Ive always wanted some Morley's. Also a bag of Lets and a can of springles would be cool.Who doesn't love fake product props for tv? Weirdos, that's who.
nhill Member	Sat May 22 11:38:27 May I interest you in a bag of pet rocks?
Habebe Member	Sat May 22 12:02:15 Only if accept payment in shiba inu. I actually do really want a pack of Morley's.Preferably signed by William B. Davis (the smoking man) Rocks are oddly difficult to come across down here. Growing up just north of Philly, plenty of rocks and stones naturally, being a land of mountains and rivers. Down here its all sand. Sand everywhere!
Cloud Strife Member	Sat May 22 12:42:54 I have a pack of Morley's, but they're only signed by Sammy Davis Jr. I'm interested in pepsi points, and AOL trial hours.
Habebe Member	Sat May 22 12:51:26 I'll see your packnof Morley's and raise it a 6 pack of Hesiler.
Rugian Member	Sat May 22 16:04:11 "Cryptocurrency project DeFi100 (CRYPTO: D100) has informed its investors that it defrauded them of their funds. According to a Saturday tweet by a cryptocurrency analyst, DeFi100 announced that it scammed its users in the following unkind and inelegant message: “We scammed you guys, and you can’t do s**t about it.” According to the analyst, the scammers behind the project made away with $32 million in investor funds." http://www...-project-defi100-pulls-the-rug
nhill Member	Sat May 22 16:43:40 Many such cases. DeFi gives you the tools to build whatever you want, should that be a scam, Ponzi scheme, or a whole new financial system. Happens in non-crypto projects all the time, too. I remember getting letters as a kid saying I could be a millionaire if I sent $1 to these four people and then passed the letter to 10 more, etc.
nhill Member	Sat May 22 16:43:55 This one was hilarious though.
nhill Member	Sat May 22 19:26:36 Nim Looks like Wasabix fixed their smart contract code to be more efficient, FYI. I can remove my LUSD without paying an arm and a leg.
Nimatzo iChihuaha	Sun May 23 02:48:26 Interesting. Why did you lose collateral? You have no bothered raising the collateral to safer levels 250%? I am curious how Using Liquity (only) without dealing with LQTY works. Because it looks like to get the higher APY you have to stake the LQTY, to earn LUSD. Some of these questions are probably obvious once I start using the platform, but it feels like question I want to know beforehand.
Habebe Member	Sun May 23 07:48:14 ETH is under $2k
nhill Member	Sun May 23 09:32:43 Nim I was at 250%, but it dipped under $1900 while I was in bed which put me at 109%. I still have the USD so it wasn't all that bad. At least it protects that, as opposed to people on leveraged futures that end up at $0. Expensive lesson learned, though. As for $LQTY, you can just use Uniswap to convert it to $ETH or any other crypto as you get it, instead of staking the LQTY. You do miss out on the big APR from staking $LQTY but that doesn't matter much to me, since it's probably a depreciating asset anyways. Wasabix would be the safest APR and now that they fixed their smart contracts I don't have any other complaints. The issue with Wasabix vs. Liquity is Liquity is a pro project and it's immutable. Never have to worry about it changing or having issues like I did with the contract. So if you're willing to take the risk joining a community project that might have some warts along the way, it's probably not too bad. Habebe Brutal out there right now. Last crash took about 40 days to resolve so I'm hanging back in cash now.
nhill Member	Sun May 23 09:46:56 http://twi...us/1396469491874373636/photo/1 ^ a bit of perspective
Habebe Member	Sun May 23 10:28:22 Nhill, It may get a lot worse before it gets better.Biden is trying have all "bank accounts" monitored. Everything from regular bank accts., crypto wallets, PayPal accounts etc.
nhill Member	Sun May 23 10:30:26 Definitely. I think this week will be the worst of it as institutions, most of whom are closed on weekends, have to liquidate their positions at the behest of clients & other stakeholders.
Habebe Member	Sun May 23 11:19:06 If I learned anything from the Simpsons its that Crisis and opportunity are the merged.to create the super word Crisitunity.
Habebe Member	Sun May 23 11:22:59 I think since it was already seeminingly an overvalued market on its way down and then governments (US/China) are coming down hard ATM. And then the big dumps on the way down exacerbating it all will tank it for a while, but it will probably come back with less volatility. All speculation from an armchair analyst.
nhill Member	Sun May 23 11:30:33 95% of the time short term price action is unpredictable. The clearest tell someone is an idiot is if they think they know what's going on & why more than 5% of the time. This is why I said to just let the dust settle. If you have trigger fingers, you can dollar-cost-average very slowly.
Habebe Member	Sun May 23 11:33:05 Fair enough. Republicans are already up in arms over the account monitoring so who knows.
nhill Member	Sun May 23 11:38:26 Habebe Sorry, that wasn't directed at you. I was actually responding to myself. I think you make a lot of good points. People focus things on chart patterns but at the end of the day chart patterns are only the visual clues that buyers and sellers leave at different price levels as they fight for control of the trend in a market. Nobody can really know who'll win the trend in the short term. Now, long-term is a different story as fundamentals win the game there.
Cloud Strife Member	Sun May 23 12:02:37 Man, this talk of "this week" and "fundamentals" in crypto takes me back. And on top of this we have habebe talking of "Biden" monitoring bank accounts, as if this is some liberal thing and not a normal function of any tax collecting entity. I suppose this as good as time as any to dump my financial genius on y'all. Interest rates don't go up again for a year or two (depending on inflation pressures which are currently minor), and you have (at most) until then before "we" cash out into solid securities. If interest rates hit 2-3% per year, the rich (hi!) will put their money in that and be thankful for the opportunity causing sufficient sell pressure on this asset class. There is at most one more bubble phase remaining in the crypto timeline. The distance (time) between bubbles has to increase (as we have seen in history), and there are real "physical" limits on the numbers (a non-productive asset cannot dominate, POW has a energy -> price limit, and POS is dubious and not implemented in major coins). As it was with other schemes (pyrmaid/Madoff etc.) specific laws/regulations/persecutions will not come until after "the crash", but the bubble cycle will not continue as it has. When the big crash happens cryptoscheme (like pyramid/ponzi scheme) will become a word, IMO. I think that most skeptics are wrong in their analysis. Tether is indicative, but not a bellwether. 3% backing (which seems relatively accurate in assets/liabilities), is reasonably resilient to "bank runs" (particularly in an environment where sells can be artificially cut by "whoops website maintenance" and buys otherwise accumulated until trading resumes) and even the solid US/EU central bank structure only has ~(15-20)% banking (the norms here change). However, the "stable coins" cannot go to another order of magnitude as .3% backing is wholly insufficient to cover relevant bear pressure when a "flash crash" occurs. Further, the freely manipulated nature of crypto, and its NAKED (decentralized ponzi/pyramid) structure seem to increase its resiliency in the presence of "technological innovation", (meaning the cash/asset percentage is not as important as with e.g. Madoff). The tethertards do have a good point though, there is only so much cash in the system, and you can't cash out that which isn't there. This only matters in terms of volatility, i.e. when the price falls or rises it will rise or fall more because the market is more manipulable. I am neutral in this (I don't care about what you have or how you make/made/lose/lost it), only liking to be right. The "decade of crypto" is ending, sooner or later, perhaps in this boom/bust cycle. I don't know what will replace it but X-coin will go the way of Amway. Gamble however you want, but I feel a moral pressure to provide my analysis, even if it is ingored.
nhill Member	Sun May 23 12:09:18 You're speaking of crypto as an investment vehicle, like pretty much everyone else (interesting that you call your cookie cutter analysis 'financial genius' but I'll assume that was facetious) but ignoring the entire long-term value proposition of DeFi. I'm using crypto as my savings account and making great returns on my cash right now. That said, you have to have a lot of courage to go all-in on a new financial system at this early stage in the game, which I why I stick to the stock market for my investment funds.
nhill Member	Sun May 23 12:12:47 This crash has shown me that DeFi is even more valuable, not less. None of my services have had any hiccups, and the volatility has actually increased my gains on the cash. I did lose $150K worth of Ethereum collateral in DeFi, but that was a calculated risk (and I still got 135K cash outta the deal, which continues to reap interest on AAVE, so it could have been worse).
nhill Member	Sun May 23 12:14:39 > None of my services have had any hiccups Correction, Wasabix did have somewhat of a hiccup when their smart contracts didn't let me take out 100% of my money due to massive gas fees. Now fixed. But overall, I hadn't expected the system to be so stable. The robust nature of DeFi was 100% theory before the past month, now it's facts (at least for the services which I'm using).
Cloud Strife Member	Sun May 23 12:19:27 Man this shill... Cash, house, stock, bonds or crypto are generally "investment vehicles" in your broad sense. The problem (hypothetically) is what happens when shit hits the fan. You can buy anything with cash, you can live in a house, stock is ownership over an entity that produces a tangible good or service, bonds are relatively solid load instruments to entities with good credits... but crypto is..... faith in a structure that is at best "a new type of scam". DeFi is meaningless, that at best value proposition erases counterparty risk that was never significant.
nhill Member	Sun May 23 12:22:29 > DeFi is meaningless, that at best value proposition erases counterparty risk that was never significant. Your understanding is so miniscule that I don't even know where to start, lol.
nhill Member	Sun May 23 12:29:35 > but crypto is..... faith in a structure that is at best "a new type of scam". You're contradicting yourself here. If you support crash and don't see much wrong with Tether, than you are in favor of DeFi. I can convert my cash to Tether and put it into a smart contract for loan pools and make ~9% APY just leaving it there. Think high-yield savings except you get 100% of the returns instead of the banks taking a cut.
nhill Member	Sun May 23 12:29:51 > If you support crash *cash, that is
nhill Member	Sun May 23 12:36:17 http://safecock.finance/wp-content/uploads/WhitePaper.pdf Now if you want to see something funny, check out this shit. A literal Ponzi Scheme that wrote a whitepaper on how exactly the Ponzi Scheme works. Needless to say everyone has already lost their money and the coin went from a $3M market cap to $100,000 mkt cap. Like any tool, DeFi will be used to hurt people and help people. Until Govt regulations come into play, it's going to be more hurt than help. You have to have a very discerning eye to sort through the 99% of shitty projects.
nhill Member	Sun May 23 12:50:50 http://99bitcoins.com/bitcoin-obituaries/ Fun little list of all the times people were wrong about Bitcoin. (note: I have no faith in $BTC, but people see it as representing crypto in general so this is the best we have)
Habebe Member	Sun May 23 14:31:26 To me the closest analogy is the internet days of the 90s. Back when there was a million ISPs. A lot of price speculation. Many people dont grasp how much of a disrupting force it can be. Overnight millions being fained and lost trying to sprt put the winners and losers. Bitcoin could be the next AOL.
Habebe Member	Sun May 23 14:32:11 Nhill, Paul Krugman said he finally just gave up on predicting crypto.
nhill Member	Sun May 23 14:42:16 The guy that famously predicted the internet would have no more economic impact than the fax machine? Lol. He should have hung his hat decades ago.
Habebe Member	Sun May 23 15:33:24 Now I want a variation of this site only using fac machines. Mine will be steam punk.
nhill Member	Sun May 23 16:45:52 My grandma was deaf (RIP) and if I have to deal with another roll of that thin ass thermal paper I'll go insane. You can enjoy that one yourself. :)
Nimatzo iChihuaha	Mon May 24 14:32:44 Looks like things are turning again.
nhill Member	Mon May 24 14:36:00 Yup, looks like pretty solid uptrend so far. $MATIC led the recover as I predicted, up over 130%.
nhill Member	Mon May 24 14:38:45 We're not out of the woods yet, though. This looks similar to May 20th, albeit a bit less volatile. I'm easing back into a bit more exposure, but cautiously so.
nhill Member	Mon May 24 15:07:15 http://uto...hread=88064&time=1620077290624 http://utopiaforums.com/boardthread?id=politics&thread=88083&time=1620455655729 http://utopiaforums.com/boardthread?id=politics&thread=88078&time=1620241729329 http://utopiaforums.com/boardthread?id=politics&thread=88112&time=1621363438082 http://utopiaforums.com/boardthread?id=politics&thread=88125&time=1621644815690 Threads for posterity
Allahuakbar Member	Thu May 27 08:47:12 From the President! http://www.president.ir/en/121415 Thu May 27, 2021 فارسی | العربية | English Dr Rouhani thanked the Minister of Energy for apologising to the people for the power outages and said, "Our nuclear power plant has entered the circuit and will soon reach its maximum capacity, and the power plants under repair will return to the circuit faster to solve the power outage problem. To help solve this problem, from today until the end of the summer, any activity to mine cryptocurrencies, even by those who have a license, is illegal so that there is no problem in supplying electricity to the people".
nhill Member	Thu May 27 11:05:14 Seems reasonable enough.
nhill Member	Sat Jun 19 16:25:45 Still a lot of downside in the market right now, but if you want to go long, just make sure you don't do it in the middle of the BTC range. Right now BTC is ranging primarily from 32K-38K, and is highly coupled with all other coins. If you want to short, short around 38. If you want to long, do it around 32K. I'm still ~96% cash (stablecoins) at the moment.
nhill Member	Sat Jun 19 16:29:30 Also, looks like my call of $ETH to $2500 has held so far. That's the focal point of the volume right now. Technicals look junk though, we could test my next target around $1800. It'll be back to new all-time highs by the end of the year though, so if you can park, just hold.
nhill Member	Tue Jun 22 17:01:27 ^this aged well. Went straight to $1800 and has hovered around it since. Bad news bears are here. Today's massive Bitcoin dump had the volume structure of a test dump. More pain to follow.
OsamaIsDaWorstPresid Member	Tue Jun 22 17:56:27 "nhill Member Mon May 24 14:36:00 Yup, looks like pretty solid uptrend so far." rofl haev u lost ure lief savingz yet
nhill Member	Tue Jun 22 18:03:38 I've been mostly stablecoins (always worth $1) ever since the start, but thanks. I can still live off the interest. Let me know if you need gas money!
nhill Member	Tue Jun 22 18:04:49 Also, go ahead and quote my next post that came two minutes later. Since you're so enamored with how right I've been. :D
OsamaIsDaWorstPresid Member	Tue Jun 22 19:03:36 "Nim FYI, I switched over 6% of my strategy to AAVE" ROFLLLLLLLL u bout @ da top then watchid it crash 70% http://uk.tradingview.com/symbols/AAVEUSDT/ "nhill Member Wed May 12 19:26:28 Elon took a dump on the crypto world. It'll bounce back once people rebalance." rofllllllll 28k
nhill Member	Tue Jun 22 19:15:17 Umm, AAVE is a platform. You don't use the $AAVE token for it. Embarrassing yourself. Switching my strategy to AAVE means I switched to the AAVE DeFi service, which you would know if you were part of that convo! I'll include you next time, clearly you want to play with the big boys. I do appreciate your concern, though. I derisked my crypto into half stablecoins before the crash. Not gonna lie, I did lose more money than you'll make this year despite that. I was prepared to lose way more. I'm a broken record, but, as I said before the crash and in my very first thread, you have to be prepared to accept up to 80% crash.
nhill Member	Tue Jun 22 19:16:11 I used $MATIC and $DAI on AAVE. Not the $AAVE token. Which is all documented above.
nhill Member	Tue Jun 22 19:17:13 > collateral of $MATIC has more appreciation potential Here's the proof so you don't have to hurt your brain too much!
Habebe Member	Tue Jun 22 20:21:38 I keep getting app alerts that BTC has dropped x amount, down to 28K. Pretty cheap.I havnt checked the others but I suspect several others have dropped as well.
nhill Member	Tue Jun 22 20:26:02 Yeah, they mostly drop in concert. BTC is actually the strongest right now. Most of the energy has been zapped from the market. I don't think we'll see a full recovery for a while yet. Unless new stimmies or something.
Nimatzo iChihuaha	Wed Jun 23 03:24:08 This is the hangover.
Nimatzo iChihuaha	Wed Jun 23 07:14:06 Hmm, I have gotten a conflicting prognosis, that BTC is going back to 50-60k and that this is the best time to buy.
nhill Member	Wed Jun 23 08:49:15 Could be, I don't have a crystal ball!
nhill Member	Wed Jun 23 08:59:31 All I can tell you is we're in a range still. If the range holds we'll see another dump by the end of the week. If it breaks out, we could be free. I don't see any reason to think the range is broken yet, so my money is on the sidelines for now earning interest in stablecoins.
	show deleted posts