Utopia Talk / Politics / nhil and crypto

Dukhat Member	Wed Jun 23 09:51:48 lol
nhill Member	Wed Jun 23 10:33:02 Excellent contribution! Insightful as always. ;) BTC is still plodding on up, but the range remains. Meanwhile AAVE rewards are making me more money per day than Duckhat makes in a week. DeFi slowly but surely eating the financial world. Love to see it. Few bumps along the way. Mark Cuban and Titan was hilarious.
nhill Member	Wed Jun 23 10:34:29 I’m super excited to have a super fan in Duckhat, though! This thread genuinely made my day. If you post your Eth address, Duckhat, I’ll send you $50!
Habebe Member	Wed Jun 23 11:36:54 Nhill, Remember Dukhat is a billionaire due to his investing prowess.....and his imagination, mostly that.
nhill Member	Wed Jun 23 11:42:15 Whoa, we've got a badass here!
nhill Member	Wed Jun 23 11:44:29 My latest foray into DeFi is yield farming on Wault. I hesitate to tell too many people about it. It's making me stupid amounts of money right now. Under the radar projects. Great code, great devs. The advantage of knowing how shit works under the scenes. I might make another million on this experiment alone within a few weeks at this pace...
nhill Member	Wed Jun 23 11:46:35 Outsized opportunity right now. You can't actually buy it on any exchanges yet. I bet it'll explode in the next few months.
Dukhat Member	Wed Jun 23 11:53:34 LoL. You post so much but will disappear in a month. LoL
nhill Member	Wed Jun 23 11:54:22 My energy is overwhelming you! Enjoy it while it lasts. :)
nhill Member	Wed Jun 23 11:55:12 I was gone for a week, already. Took a total vacation into the wilderness, no phone service, nothin'. Back country camping to a glacier in North Washington. Did ya miss me?
nhill Member	Wed Jun 23 11:56:14 BTW, my offer still stands. You've flattered me so much I'm willing to send you $50. I take care of my most loyal fans!
Habebe Member	Wed Jun 23 12:25:35 The trip sounds cool.
nhill Member	Wed Jun 23 12:43:55 It was awesome. Up until we had to walk the final 6 miles in the pouring rain. Felt like I was getting heavier each step, and we'd already hiked 30 miles the past few days...
Habebe Member	Wed Jun 23 12:47:50 I used to go to this old limestone quarry in NJ years ago, it was worth the trek, cleanest fucking eater probablynin the state
Habebe Member	Wed Jun 23 12:48:02 Water*
nhill Member	Wed Jun 23 12:49:57 That's awesome. We drank the water straight from the glacier. Never drank colder water in my life. It didn't taste the best. Very minerally. But super clean, I'm sure, even though we did use a MSR gravity filter except when cooking.
Hrothgar Member	Wed Jun 23 14:18:42 If the current collapse bottoms out in a similar percentage decline as previous spikes in price expect somewhere around 8-9k price as a true bottom before another spike. Also, it's becoming more uncertain how many more future spikes will be possible considering increased world government restrictions.
nhill Member	Wed Jun 23 14:32:34 My next targets on the downside are 30.7K & 28.5K. Upside 35.1K & 37K. Extremely unlikely it goes under 18K, as we can't even break 28K with all the negative press (e.g. the highest populated country in the world creating major restrictions). Plus: * Most of the Chinese farms are just moving to the USA now that their Govt outlawed it. * When India tried to ban crypto, it just went up. * El Salvador made Bitcoin legal tender, don't forget the trends are going both ways! Not that I care, lol. I'm just doing this for fun. I don't even hold any Bitcoin. DeFi is where it's at (and even there I'm about 96% cash right now).
nhill Member	Wed Jun 23 15:10:28 "nhill Member Tue Jun 22 20:26:02 I don't think we'll see a full recovery for a while yet. 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." Well, it's down 5.5% since my statement. :) We'll see. But I think it'll dump again, and bigger than last time.
nhill Member	Wed Jun 23 15:44:33 > The Bitcoin Fund listed on the Nasdaq Dubai exchange Wednesday, the first of its kind to trade in the Middle East as cryptocurrencies grab attention globally. > > The stock closed at $38.30, up 10% for the day, according to prices on Nasdaq Dubai’s website.
BigDickNegro Member	Thu Jun 24 13:20:10 I'm ruined, I'm ruined! http://fin...coin-disappears-060549648.html $3.6 Billion in Bitcoin Disappears with Africrypt Founders Ameer and Raees Cajee, two brothers behind the Africrypt platform, have disappeared along with $3.6 billion in BTC bought with investors’ funds. Two South African brothers, Ameer and Raees Cajee, have reportedly disappeared, taking $3.6 billion worth of bitcoin with them. The incident would make it one of South Africa’s biggest ever incidents related to crypto. The total amount that’s been recorded as stolen is 69,000 BTC. The two brothers were the creators of a platform called Africrypt, which first showed signs of trouble earlier in the year. Investors hired a law firm to look into the case after Ameer Cajee said that the company was a victim of a hack in April. At the time, the company held over $4 billion worth of bitcoin. He also asked investors not to report the incident to authorities, which further raised signs of trouble. His purported explanation was that it would slow down the process of recovering the funds. However, soon after, investors hired the Hanekom Attorneys law firm to investigate the incident. Employees at the firm lost access to back-end platforms seven days before the founder revealed the alleged hack, according to the report. The country’s national police force has been assigned to the case, which has contacted crypto exchanges to ensure that the funds aren’t liquidated. However, the bitcoin has been sent through mechanisms that prevent tracing — tumblers and mixers and large pools of bitcoin, which is making it hard to track the funds. The company website has also been shut down. The Cajee brothers launched Africrypt in 2019, promising investors good returns for their money. This is not the first such incident to take place in South Africa, with another company involved in a $1.2 billion scam in 2020. One governmental group in South Africa has called for regulation of exchanges. Scams and fraud will only catalyze regulation The cryptocurrency market, while it has done much to curb scams, is still subject to some nefarious incidents. Exchanges are working together to ensure that hackers and fraudsters cannot liquidate their funds, but it does not form airtight security. Chainalysis, in its 2021 Crypto Crime Report, noted that illicit activity as measured by the amount of funds involved had reduced significantly since 2019, but remained an issue. It totaled over $10 billion in transaction volume. These numbers are what is spurring governments to put regulation in place and place better oversight measures on the market. But being such a nascent asset class, it is difficult for them to come up with a one-size-fits-all solution. Furthermore, the decentralized nature of the market proves to be a tough nut to crack. Still, governments are putting in resources to form an effective framework. Global bodies like the Financial Action Task Force (FATF) and the Bank for International Settlements (BIS) have offered their thoughts on the matter as well.
nhill Member	Thu Jun 24 15:42:44 This is exactly why you don't keep your crypto on an exchange for more than a few minutes. I've been telling people this all along. Stop using Coinbase and leaving it there. Transfer to your wallet and trade with a DEX. Anyone that lost money, unfortunately, doesn't understand how to play the game. If you buy on an exchange and send it to your wallet, there's nobody that can take it away from you (unless you are careless with your private key, much akin to your bank password).
nhill Member	Thu Jun 24 15:43:59 As for Bitcoin, the volume actually looks bullish for once. My gut tells me we'll plod up a bit further, but we're still in a dead cat bounce. Still have a strong conviction on that, but hope I'm wrong.
nhill Member	Thu Jun 24 15:45:41 You would have thought people understood the risks of keeping your assets on an exchange after Mt. Gox, but it seems like people continue to see that as unlikely. Unlikely or not, it's your money. Stop trusting companies with it. Unlike traditional finance, you can control your assets 100%.
Nimatzo iChihuaha	Thu Jun 24 15:48:17 Which DEX do you use?
nhill Member	Thu Jun 24 16:07:11 I use Zapper.fi as a DEX aggregator, it'll find the one with the best fees at any given point of time, and supports Eth, MATIC, and BSC chains.
nhill Member	Thu Jun 24 21:27:26 nhill Member Wed Jun 23 14:32:34 My next targets on the ... Upside 35.1K & 37K. Well, what do we have here. Looks like it shot right up to my target. Spot on again ;) Still expecting the hammer to fall soon. But if we can stay above this level, 37K is the next target. Remember, the range is between 31-39K primarily (the volume expanded the range on the last compression). There's nothing to suggest this is changing, and there's more momentum on the downside than upside.
nhill Member	Fri Jun 25 02:38:58 Resistance at 35.1K failed to break, we heading back down for now.
Nimatzo iChihuaha	Fri Jun 25 08:58:07 What is the aaev strategy you were running?
nhill Member	Fri Jun 25 09:13:52 Leveraged cash. Deposit $DAI as collateral, take out $USDT, convert $USDT back to $DAI, rinse/repeat. Pays out rewards in $MATIC. Convert 50% of $MATIC to $WEXpoly. Add liquidity to $MATIC/$WEXpoly pair on Wault. Take LP (linked pair) tokens and add them to the $MATC/$WEXpoly farm. Note, $WEXpoly is highly speculative right now. It's inflationary while liquidity is being bootstrapped so it will probably go up and down violently and expose you to impermanent loss. Gotta be patient with this one. The good thing is we kinda know how it's going to play out because $WEX and $WEXpoly are logistically the same, but different tokens. $WEXpoly is new, it's the Polygon network version. So you can see how $WEX ebbed and flowed to get an idea of how $WEXpoly will perform.
nhill Member	Fri Jun 25 09:31:25 The clever thing about this strategy (IMO) is that I actually make money if Tether collapses.
nhill Member	Fri Jun 25 10:10:11 We are racing towards my next target of 30.7K. If that breaks, the floodgates to 28 are open. Below that there's nowhere to support. If we break under 28, 18K is in the cards.
nhill Member	Fri Jun 25 10:10:54 18K has strong support. Would definitely buy some $BTC again at that level.
nhill Member	Fri Jun 25 11:15:46 http://pbs...WQAgCI95?format=jpg&name=large I don't think I've posted any of my charts here. Here ya go. These are the levels I'm looking at currently.
Nimatzo iChihuaha	Fri Jun 25 15:33:43 I can’t decide… Liquity, Wasabix or aaev?
nhill Member	Fri Jun 25 15:41:08 Ethereum can be difficult during times of crashes when gas prices spike and you want to manage your positions. I learned that the hard way. Not only did I spend thousands (literally) on gas, but the transactions were slow. AAVE Polygon, on the other hand, was basically free (fractions of a penny) and completed within seconds. Liquity + Wasabix made more money, though. AAVE supports multiple asset types instead of only Ethereum for collateral. Some food for thought. I'm planning on building another trove in Liquity soon, but right now still exploring the possibilities of Polygon.
nhill Member	Fri Jun 25 15:44:23 Liquity + Wasabix is good during times like now, when gas prices are low. Great gains. Liquity without Wasabix is better in a crash because the stability pool rakes in the funds. AAVE Polygon is pretty average at all times, but doesn't have the risks. Smooth, easy to use, cheap.
nhill Member	Sat Jun 26 12:33:51 Well, would you look at that, it's bouncing around the 30.7 mark. I wonder who predicted that. No crystal ball here, all you have to do is look at the volume profile and orderflow. Works about 80% of the time. If we break under, 28.5 is next. Breaking under 28.5 and all shit hits the fan again. Not strong support until around 18. 23 has a small support but don't think it'd hold in a dump.
Habebe Member	Sat Jun 26 13:10:23 Well, in case your interested I am selling a crystal ball, will let it go for 1 bitcoin.
Habebe Member	Sat Jun 26 13:11:03 Side note, I seen Elsalvador passed out $30 worth of BTC to everyone trying to spur usage.
Habebe Member	Sat Jun 26 13:11:16 http://www...P4zvZqBFoQG52AGlxoCIFIQAvD_BwE
nhill Member	Sat Jun 26 13:36:41 My crystal ball says Bitcoin will be cheaper in the future! El Salvador also adopted Bitcoin as legal tender. That'll be a shitshow for a while, but history will look back and see this as a genius move that turned them into a Latin American economic powerhouse. Relatively speaking, of course.
Nimatzo iChihuaha	Sun Jun 27 11:14:37 Nhill Why USDT and another USD denominate stable coin?
Nimatzo iChihuaha	Sun Jun 27 11:48:36 You can't get your DAI liquidated this way, can you? Both your collateral and loan is pegged to the dollar, so there is 0 volatility to worry about. Please feel free to explain the reasoning behind this strategy. I will go with AAEV, it seems less risky and a good place to play around for me and begin.
nhill Member	Sun Jun 27 11:57:08 The chance of getting liquidated is extremely low. The stablecoins do go off peg at times every day. Usually only by fractions of a cent, but very rarely (around once a year) they can go off peg by a few cents. But yeah, if you stick at the recommended loan to value ratio you’ll not get liquidated. The main reason I’m doing it is I’m predicting further downside in the market, so I’m holding it all in cash waiting for a better entry point. Kinda risky in itself as there’s no guarantee, but I’ve been following my intuition and analysis for over a year now and it’s served me well.
nhill Member	Sun Jun 27 11:57:49 Just make sure you use the Polygon version of AAVE. The Ethereum version can rack up the fees.
Nimatzo iChihuaha	Sun Jun 27 12:35:00 Yea, I hear you, there is not a lot of upside in this. I am using metamask, what are you using?
nhill Member	Sun Jun 27 12:42:37 Metamask
nhill Member	Sun Jun 27 12:45:54 I also use Moonlet for the Zilliqa that I mine but that’s very passive usage. I DeFi with Metamask
nhill Member	Sun Jun 27 17:48:38 Looks like $BTC wants to test the 35.2K resistance level again.
Forwyn Member	Sun Jun 27 17:53:37 Lol @ UK banning Binance What a land of cucks
nhill Member	Sun Jun 27 18:07:51 They didn't actually ban Binance, they banned one if its subsidiaries which hasn't really operated in the UK yet anyways. Nothing burger.
nhill Member	Sun Jun 27 18:11:39 But I will not debate your latter point.
nhill Member	Sun Jun 27 20:26:27 And, look at that. Right on again! Tapped $34,992, and heading down. I was off by $100 this time. These are the levels to play right now. Good time to short if you are bearish, terrible time to long if you are bullish. A breakout above $35,100 on increasing volume would be the time to enter a long position as of now.
nhill Member	Sun Jun 27 20:27:59 If we break above $35,100 on good volume, expect a sharp rise to $37,000. Otherwise it's a (most likely slow) ride back down to ~$31,000.
Seb Member	Mon Jun 28 04:06:32 It's funny watching the cognitive dissonance at play when market positions by financial institutions is why we need crypto currencies, but then argues against regulation of financial institutions trading DeFi. It's not exactly true that they banned Binance or a subsidiary. They banned them offering certain regulated activities (trading in futures, options and derivatives). And while Binance claims not to be operating in the UK, it's putting up adverts for it's services in the UK and has UK localised content advertising these services, which means from a regulatory point of view, they are, even if the actual trade is going via a .com rather than .co.uk domain.
nhill Member	Mon Jun 28 04:14:32 Everyone with half a brain in crypto wants more regulations. Once again, your dilettante nature is getting the best of ya.
nhill Member	Mon Jun 28 04:17:24 Also, “trading DeFi” is one of the more idiotic phrases I’ve heard in a long time, doubly so in the context in which you used it. Perhaps you meant trading DeFi tokens?
nhill Member	Mon Jun 28 04:22:22 > And while Binance claims not to be operating in the UK, it's putting up adverts for it's services in the UK and has UK localised content advertising these services, which means from a regulatory point of view, they are, even if the actual trade is going via a .com rather than .co.uk domain. Lol, your statements are so cringe. This has absolutely nothing to do with the situation. binance.com has no regulated activities. The subsidiary trades futures, options, and other derivatives, which is regulated. That’s why only binance.com works for both USA and UK. Like I said, nothing burger. Binance has done nothing wrong.
nhill Member	Mon Jun 28 04:23:31 I’m not sure if you’ve heard this, but crypto itself is not regulated, therefore binance.com has no regulated activities. Obviously.
Seb Member	Mon Jun 28 05:38:57 Nhill: Then, you should welcome a financial institution trading in cryptocoins being subject to regulatiory enforcement. "binance.com has no regulated activities" Irrelevant, I didn't say it did. However, a quick check: https://www.binance.com/en/futures "The subsidiary trades futures, options, and other derivatives" Indeed, which are subject to regulation. Binance claims it does not offer these in the UK, however it has advertised these services in the UK.
nhill Member	Mon Jun 28 05:46:27 > Then, you should welcome a financial institution trading in cryptocoins being subject to regulatiory enforcement. I do, and so does most everyone else with half a brain. > Indeed, which are subject to regulation. Binance claims it does not offer these in the UK, however it has advertised these services in the UK. Wrong, you can't access those in the UK. Go ahead and make an account and see for yourself. > Irrelevant, I didn't say it did. Yes, you did.
nhill Member	Mon Jun 28 05:48:54 Show me one advertisement for futures, options, and other derivatives that is in the UK. I'll wait.
nhill Member	Mon Jun 28 05:50:47 BTW, I mean physically in the UK. Obviously ads for them will show up on the internet, lol. If you have a problem with that, you might as well unplug right now, for you have no idea how the internet works.
nhill Member	Mon Jun 28 05:59:35 http://twitter.com/binance/status/1300070773655183362 Lmao, did some research. This is the only ad in the UK right. Show me the regulated activities in this picture.
nhill Member	Mon Jun 28 06:05:13 BTW, you're fighting a losing battle so you might as well just stop now. Not even the FCA agrees with you. I feel sorry for irrational haters like you that simply try to quibble anything negative to confirm their own bias, even when it directly contradicts all publicly available information. Super cringe.
Nimatzo iChihuaha	Mon Jun 28 07:46:31 BBC’s click bait headlines ”UK Bans world’s largest crypto currency exchange”
nhill Member	Mon Jun 28 07:49:04 I'm seeing this headline all over the place. Hilarious. Perfect example of why you should never trust the media. These reporters are lazy as fuck.
Seb Member	Mon Jun 28 08:32:53 Nhill: Interrupted part way through - 1. Yes, you did. I think you will find I said whether it was hosted on a .com or .co.uk domain is irrelevant - and you are incorrect, I have just created an account and worked all the way through the point I can trade futures. If your objection is that Binance offers no regulated activity, you are incorrect. So confident and so wrong. The regulatory status of cryptocoins depends entirely on what it is linked to, but a derivatives or futures contract that is pegged to an underlying cryptocoin is a regulated service. You can find some analysis of UK regulation on cryptocoins here: http://www...0to%20cryptoasset%20business). " So, in fact, Binance.com does indeed offer trading in these kinds of assets as a service. Futures contracts on cryptocoins is a regulated activity. Further Binance does advertise in the UK, a lot of posters on bus stops, tube etc. I have seen claims in comments under a news article about a specific advert on the tube; I've no interest in going out there to take a photo for you. "This is the only ad in the UK right." That's a photo from Aug 2020. Can you explain how you have reached the conclusion this is the only advertising in the UK? "Not even the FCA agrees with you." On what basis do you say that? In any case, if they are selling futures on binance.com, and advertising binance.com; and they aren't approved to market futures trading, then the FCA can ban them. Main effect of that is to ban any advertising of Binance in the UK or to UK customers. Online advertising platforms have national and geolocated categories - this doesn't guarantee no binance add will ever be displayed to a UK resident. Substantive point: futures trade in crypto coins is a regulated activity, is available on binance.com, advertising of binance.com can be banned by FCA until such time as Binance meets regulatory requirements.
nhill Member	Mon Jun 28 08:38:05 > On what basis do you say that? Uh, based on the fact that they are okay with binance.com Durr. > The regulatory status of cryptocoins depends entirely on what it is linked to, but a derivatives or futures contract that is pegged to an underlying cryptocoin is a regulated service. Future & derivatives trading is not available to UK residents. Damn, you're embarrassing yourself. > If your objection is that Binance offers no regulated activity, you are incorrect. So confident and so wrong. Not an objection, it's a fact. You're in UK right? Show me one derivatives trade that you made. I'll even give you the money if you're too poor. Why are you wasting your time saying the same incorrect shit over and over again? It's going to make you look dumb no matter how many times you repeat it.
nhill Member	Mon Jun 28 08:47:54 If you can indeed trade futures and derivatives in the UK with a UK address and fiat funding, then my position must be reversed here. It's stated that this isn't allowed, and multiple reports from UK residents on Twitter saying those features are grayed out on their account. Possible that I was operating on incorrect information.
Seb Member	Mon Jun 28 08:49:53 nhill: "Uh, based on the fact that they are okay with binance.com" Where do they say that? "Binance Markets Limited is not permitted to undertake any regulated activity in the UK. This firm is part of a wider Group (Binance Group). Due to the imposition of requirements by the FCA, Binance Markets Limited is not currently permitted to undertake any regulated activities without the prior written consent of the FCA. No other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK. The Binance Group appear to be offering UK customers a range of products and services via a website, Binance.com." That's the FCA statement. "Future & derivatives trading is not available to UK residents. Damn, you're embarrassing yourself." I've literally just made an account and got to the point of being able to place a trade before being stopped due to lack of margin. I'm not going to actually put money into this platform and place a fucking trade to prove a point to you.
Seb Member	Mon Jun 28 08:51:40 nhill: "Possible that I was operating on incorrect information." Then maybe don't engage in slanging match on such flimsy and unverified information. It is, to quote an authority "so cringe." - wrong on every substantive point.
nhill Member	Mon Jun 28 09:09:53 LOL. I'll reserve judgement until I hear it from a non-biased source.
nhill Member	Mon Jun 28 09:10:51 > That's the FCA statement. Yes, the FCA statement doesn't mention anything about buying and selling cryptocurrency. Proving yourself wrong again.
nhill Member	Mon Jun 28 09:14:06 BTW, your position was completely on unverified information. By your own admission. But hypocrisy never was above your petty standards.
nhill Member	Mon Jun 28 09:14:32 Below, that is.
Seb Member	Mon Jun 28 09:28:06 Nhill: "Yes, the FCA statement doesn't mention anything about buying and selling cryptocurrency." And? The regulated activity is selling fututes in a cryptoasset. This is helpfully set out further down the FCAs statement. Why do you think anyone is claiming buying and selling the cryptoasset is the issue at stake? I explicitly said the opposite in the first post. "your position was completely on unverified information" Yes, but I'm not crassly mocking people on the basis of that information. You've been wrong on every substantive point here. Selling fututes in crypto is a regulated activity, is available through binance.com, is advertised in the UK. That's precisely why the FCA issued its statement.
nhill Member	Mon Jun 28 09:29:40 > Binance Markets Limited is not permitted to undertake any regulated activity in the UK. This firm is part of a wider Group (Binance Group). No other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK. Binance Markets Limited is a UK entity that operates in the UK. binance.com is not. It doesn't operate IN the UK. Perhaps they can sell derivatives and futures legally, after all. I'll leave that up to the suits.
nhill Member	Mon Jun 28 09:30:53 > You've been wrong on every substantive point here. Lol, this is from a guys that says things like "DeFi trading" and doesn't realize what an informed tool he sounds like. Pot meet kettle.
nhill Member	Mon Jun 28 10:02:17 The ban, said an FCA spokesperson, only applies to Binance's English incorporation, Binance Markets Limited, which Binance has not registered with the FCA (despite plans to do so). The spokesperson clarified that "UK consumers can continue to interact" with Binance Group, the wider, international collection of Binance companies that maintains no official headquarters. That means that Binance's customers in the UK can trade on Binance as normal—nothing changes. This distinction is critical, and explains how Binance has continued to offer margin and derivatives trading to UK consumers despite the FCA's ban on crypto derivatives in January. "As of now, Binance group is providing service to the UK customers. It is not from Binance Markets Limited," a customer support rep for Binance told Decrypt. The FCA spokesperson said it's taking a "close look at how the wider group interacts with UK consumers," but foisted the responsibility on Binance to "ensure they understand all applicable regulatory requirements in the jurisdictions where they operate." Looks like Seb's trying to argue against the FCA at this point.
nhill Member	Mon Jun 28 10:04:05 http://dec...-uk-british-financial-watchdog
nhill Member	Mon Jun 28 10:11:48 > Yes, but I'm not crassly mocking people on the basis of that information. I'll admit, I do take a bit of pleasure getting under your skin when you open with high and mighty (yet completely misinformed) statements, such as: "It's funny watching the cognitive dissonance at play when market positions by financial institutions is why we need crypto currencies, but then argues against regulation of financial institutions trading DeFi."
nhill Member	Mon Jun 28 10:14:50 As for the latest on the crypto market itself... Ethereum has taken the reins from Bitcoin and is off to the races.
Nimatzo iChihuaha	Mon Jun 28 11:09:45 To the moon?
nhill Member	Mon Jun 28 13:24:04 To the resistance it looks like. ;) Without BTC breaking its ceiling I doing Eth can get much further. This pump appears to be because Jim Cramer recommended it. Boomer pump. Bullish for the Ethereum space though. Could use a few boomers off boomer coin (BTC).
nhill Member	Mon Jun 28 13:24:25 Don’t think, that is.
nhill Member	Mon Jun 28 14:19:06 Now, if BTC can get above my resistance line of 35.2K we can talk about moons for Ethereum. Although I suspect it'll be a jolty ride on the way up. There's a lot more resistance on the downside than there is support on the upside, currently, when you look at the volume.
nhill Member	Mon Jun 28 14:19:46 >32.K sustained on real volume, that is. We'll get a fake out here and there, but just check the volume to see if its real.
nhill Member	Mon Jun 28 14:20:14 ~$35,200, that is.
Seb Member	Mon Jun 28 15:08:25 nhill: So much said, so confidently, and so wrong! Lets start with binance.com. Binance.com is not an incorporated body, it is a website that, as described by it's own T&C's is operated by "Binance operators" which are defined thusly: "Binance operators refer to all parties that run Binance, including but not limited to legal persons, unincorporated organizations and teams that provide Binance Services and are responsible for such services." I.e. Binance.com is a unified channel for all binance incorporated entities offering binance services. If you go back to my OP, you will see what I said was: "It's not exactly true that they banned Binance or a subsidiary. They banned them offering certain regulated activities (trading in futures, options and derivatives). And while Binance claims not to be operating in the UK, it's putting up adverts for it's services in the UK and has UK localised content advertising these services, which means from a regulatory point of view, they are, even if the actual trade is going via a .com rather than .co.uk domain." And later I described the impact of the ban as: "Main effect of that is to ban any advertising of Binance in the UK or to UK customers. Online advertising platforms have national and geolocated categories - this doesn't guarantee no binance add will ever be displayed to a UK resident." I have not claimed that it stops UK citizens using Binance.com. As we have noted, binance.com is a website that is a unified service provision channel for a number of different entities; many of which are based overseas. What is prohibited is UK based entities advertising this channel or providing services, and those foreign Binance operators *marketing* services to UK customers. I'm not sure where you imagine this difference from the FCA position, but basically I've just paraphrased what they have stated. However, note: "UK consumers can continue to interact" with Binance Group is not the same thing as saying Binance Group is able to sell services into the UK. The FCA has no power to stop UK based individuals transacting with companies overseas. But when the FCA says they are taking a "close look at how the wider group interacts with UK consumers," and reminding Binancce to "ensure they understand all applicable regulatory requirements in the jurisdictions where they operate." - that is code for "we are watching closely for the opportunity to demonstrate that Binance Operators are marketing their services to UK customers", in which case there are other levers they can engage such as e.g. blocking transactions from UK based accounts etc. with Binance.com and Binance group; and criminal charges against Binance officers. "I'll admit, I do take a bit of pleasure getting under your skin" It sounds rather like I got under yours with my fairly accurate comment about congitive dissonance. After all, you've variously claimed that Binance.com does not offer services that would fall under UK regulations, and engaged in repeated strawman arguments to try and wriggle out of it ... smells a bit of desperation.
nhill Member	Mon Jun 28 16:25:25 Blah blah blah, here's a bunch of words making the exact same point that's been disproven already. Boring. Anyways, back to crypto. Going to start dollar cost averaging some of my stablecoins into Eth if we can get above $2200, otherwise I'm waiting for BTC to break through it's 35.2K.
habebe Member	Mon Jun 28 16:29:47 "Blah blah blah" His Seb impression is spot on.
nhill Member	Mon Jun 28 16:31:44 Note, this would be a trade, not a hold. I haven't traded for a while, but it's challenging now so it's pretty fun.
nhill Member	Mon Jun 28 16:32:15 > His Seb impression is spot on. Thank you, been working on that one for a while.
Seb Member	Mon Jun 28 16:34:07 Nhill: I'll take that as a graceless acceptance that you've abandoned your silly claims.
nhill Member	Mon Jun 28 16:38:14 Sure, bud, whatever helps you sleep in that alternate reality of yours. I know it's getting late over there so I'll let your discursive ramblings off the hook this time. :)
nhill Member	Mon Jun 28 18:21:38 Still at the BTC inflection point here. The volume looks very slightly bearish, but really neither bulls nor bears can get ahold of the price. I'd short from here, should I have to choose. But I'm not doing anything. My crypto is 98% USD coins on AAVE & 2% Crypto (WEXpoly-MATIC LP) on Wault.
nhill Member	Tue Jun 29 07:27:03 Entered at 35.5, target 37, stop loss 34.5.
nhill Member	Tue Jun 29 07:27:21 Love you Seb <3
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