Utopia Talk / Politics / Crypto

Nimatzo iChihuaha	Wed Oct 06 07:58:19 http://uto...hread=88653&time=1633509039342 BTC about the break previous high at 53k? This is the moment of truth :)
murder Member	Wed Oct 06 08:12:38 Bitcoin has been > 63k
Nimatzo iChihuaha	Wed Oct 06 08:15:27 That is the all time hihg, the previous high for this cycle is at around 53k. Which was actually broken while I was typing this, BTC hit 55.5!
nhill Member	Wed Oct 06 09:21:30 Boom! BTC has been dominating the last couple days. Been a strong run, props to the HODLers ;). I would expect ETH and alts to follow if BTC doesn’t drop back down.
nhill Member	Wed Oct 06 09:24:06 Good day to buy some $OHM, looks like it was used for ETH fuel the past couple hours.
nhill Member	Wed Oct 06 09:28:34 Closing my Sept 15th FTM buy from 1.325. Selling 1.417, +6.1%.
nhill Member	Wed Oct 06 09:32:38 I think I have an ETH signal to close out but I can’t remember what price I averaged it down to… gonna have to dig it out
nhill Member	Wed Oct 06 10:03:59 Found it, was averaged down to $3,621. We're at HTF resistance right now, so I should probably close it... Will have to book my first loss though :'( Closing @ $3600, -0.5% Can always come back for more later :) I need to do a re-tally now.
nhill Member	Wed Oct 06 10:12:23 Well, that took a bit of effort to track. I hadn't tallied since August 30th. Trading Performance June 29th-October 6th: BTC: +53.1% nhill: +115.7% S&P 500: +0.6%
nhill Member	Wed Oct 06 10:13:23 Anyone following these signals, all timestamped and documented publicly, has officially doubled their money in about 3 months ... you're welcome? :p
Nimatzo iChihuaha	Wed Oct 06 12:43:20 Ok I have rescued my BNB, ended up buying avax on kucoin and send it to the wallet to fund the gas. It was actually above my expectation in how simple it was. Now I have TIME staked. Now we do OHM, but this is more straightforward since it is on ETH main net, no bridging and worrying about not having gas.
Nimatzo iChihuaha	Wed Oct 06 12:46:48 "Anyone following these signals" I pity the fool that doesn't own tulips. Which is actually the name of solfarms token :D ahahaahaha Instead of arguing with people, they said fuck you, we are gonna name our token tulip :D incidentally that is one of my nick name for my wife true story ;)
Nimatzo iChihuaha	Wed Oct 06 17:46:04 FTM taking the lead :)
nhill Member	Wed Oct 06 19:20:06 Letsssss gooooo!
nhill Member	Wed Oct 06 19:21:22 I thought the tulip stuff was funny on SolFarm, but it also was a bit on the nose at first, lol. I used their competitor for a while because of it but switched because I liked the code of SolFarm more. Silly devs.
nhill Member	Wed Oct 06 23:01:14 Oh and glad you got your AVAX situation settled. $TIME dipped under $4,000 for a few minutes there. Did you slurp the dipperino? I moved some $TSHARE into $TIME when I saw that dip. Delicious. Still has a market cap under 1 billion and people have been bonding so much it has maintained a ridiculous 42,000%+ APY. This is actually my fastest win in crypto in my personal history. I was one of the first 100 wallets on the project (like I said, I'm familiar with the developer) and I put in a decent allocation. At the beginning I was 10% $TIME and 90% $OHM, and now my $TIME is bigger than my $OHM. And my reserve currency bags far outweigh all other allocations. I shared w/ you my wallet on debank so you have an idea how crazy this has been. $_$
Nimatzo iChihuaha	Thu Oct 07 03:37:30 I wasn't paying that much attention to TIME price :( so I have no idea what the price was, it's easy to lose track, the novelty has worn off, I got dragged into the whol rescue and trading from avax to MEMO you don't see a dollar price. I was not fortunate enough to buy the dip no. I can tell from how much it went down afterwards, but it has mostly recovered. It won't matter in the long run, I just needed something there, I need permanent positions in reserve currencies and SC farms. It's kinda of a physiological thing that I crossed the barrier, paved the road kinda, I mean look at what happened and I got stuck in limbo, better to have that shit happen when you are not aiming to make a fast move! Now I have a stake and I will sell my risky stuff when they hit good profit levels and put the profits there. It may sound weird, but this is how my brain works, if I have stuff there I will pay attention to it, TIME is now a small part of the strategy.
Nimatzo iChihuaha	Thu Oct 07 03:37:59 the novelty hasn't* worn off
nhill Member	Thu Oct 07 03:40:13 No worries, any price is good for a starter position on a long term play like this. The $TIME developer just hinted that he's going to deploy to FTM soon. The catalysts I spoke about are continuing to mount. $2 soon, very soon!
nhill Member	Thu Oct 07 03:45:06 Oh wow, somehow I missed this, but you can now put up $MEMO as collateral and receive a stablecoin in return. http://abracadabra.money Happy days. Now I can take profits like a boss and pay off bills without losing any long-term exposure. Or you can go full degen and use it as leverage. ;) There's no $MIMs left to be loaned out but they get filled up periodically.
Nimatzo iChihuaha	Thu Oct 07 03:45:14 "I shared w/ you my wallet on debank so you have an idea how crazy this has been." Fucking insane :) I am jealous and motivated! Speaking of, I am still looking for good SC farms. Tarot is one, but I take into consideration what you said about a lone anon developer, so I can't go full retard with that one and view it as this safe haven for the money. And until OHM passes a quad 4 test, one has to be careful with OHM as well, so ultimately SC farms are atm the safest bet for a trend reversal and my allocations have to reflect that. Do you agree? See it from the perspective of, not having made a killing with OHM already :P
Nimatzo iChihuaha	Thu Oct 07 03:47:00 "The $TIME developer just hinted that he's going to deploy to FTM soon." Excellent :)
nhill Member	Thu Oct 07 03:49:23 Impermax is another place I earn interest on my stablecoins. You can do a single sided stake for 149% APR on Arbitrum. (Arbitrum is the new hotness Ethereum layer 2).
Nimatzo iChihuaha	Thu Oct 07 03:51:41 "Now I can take profits like a boss and pay off bills without losing any long-term exposure." hehe the billionaire strategy ey?
nhill Member	Thu Oct 07 03:51:50 Also, October should be huge for FTM in general. Most of the projects are Halloween-themed, after all. Never underestimate the psychology!
nhill Member	Thu Oct 07 03:52:07 > hehe the billionaire strategy ey? Lol, yup.
Nimatzo iChihuaha	Thu Oct 07 03:55:43 "Impermax" =) ty "Never underestimate the psychology!" +1
Nimatzo iChihuaha	Thu Oct 07 04:02:01 ok my plan is to have 10% split between TIME/OHM 20% is SC farms, 70% split between various small caps. Actively manage this and put profits into the reserves as we hit risk levels or profits I think are worth taking home. Hedge eye is very helpful here managing the risks, both with the tracker and the educational portion of the Macro show. Meant to ask, hedge eye has another service with 20+ risk ranges, do you have any experience with it? Any good?
Nimatzo iChihuaha	Thu Oct 07 04:14:25 BTC is going into an accumulation lull and the alts are waking up, good times ahead :)
nhill Member	Thu Oct 07 04:15:56 I was a subscriber to the Risk Ranges when I was more actively trading the market. And, yes, they were pretty accurate. I found their value in a sanity check ... as if I was about to purchase something but saw it at the top of the risk range, I'd hold off. (or if I was thinking about something and saw it was at the bottom, I'd be likely to purchase it) My equity exposure is pretty hands off right now. I was trading options for a few months there, but once the Evergrande stuff hit I stopped that due to the uncertainty (and elevated risks of option trading).
nhill Member	Thu Oct 07 04:17:55 "ok my plan is to have 10% split between TIME/OHM 20% is SC farms, 70% split between various small caps. Actively manage this and put profits into the reserves as we hit risk levels or profits I think are worth taking home. Hedge eye is very helpful here managing the risks, both with the tracker and the educational portion of the Macro show." Sounds pretty good! I still hedge with large caps (around 30% Ethereum), but the small caps are where the big money is made, so I don't see anything wrong with being a small cap investor. Just be sure to stay diversified :D
Nimatzo iChihuaha	Thu Oct 07 04:41:45 "I still hedge with large caps (around 30% Ethereum)" Yes, you are correct ETH is needed here, it is still the mother of all DeFi.
Nimatzo iChihuaha	Thu Oct 07 05:12:01 FTM is gonna hit 2 USD this week, 1 week away from your oct 1st prediction. Thus BOO is also waking up now :D Oh ye of little faith! You were given the keys to the candy story of the heavens and you rejected the prophecy, now thou shall walk in the valley of financial mediocrity. Woe unto thee, hater and unbeliever! May the ledger confirm all that is on chain and smite the fiat monopoly with vengeance and furious anger.
Nimatzo iChihuaha	Thu Oct 07 05:31:22 Hedge with ETH So I am thinking. Given that some project are essentially leveraged ETH positions, one solution to the risk profile is to increase the amount in stable farms. Of course then I would not benefit from the fact that ETH is the base from with hundreds of protocols are built upon. There is a value to ETH as the mother of DeFi. So, I could hold ETH as collateral and some safe amount of SC and put that into a farm. This ETH collateralized loans, are the only way I know of other than just holding it, which is boring :)
nhill Member	Thu Oct 07 11:21:38 Haha, nice! Yup FTM just hit $1.95. Close enough. The confluence of factors is only beginning, too. This is what I was seeing, but it took about a week slower than I thought. Surprisingly, a few of the things I expected haven't even showed up yet. FTM is going to absolutely explode.
nhill Member	Thu Oct 07 11:28:01 Nim I agree with your reasoning there! There's a lot of ways to hedge. I like to hold Ethereum as a homage of sorts ;)
nhill Member	Thu Oct 07 11:38:05 FTM completed a cup pattern. My guess is we'll see a retrace to around $1.50-$1.60 before it does a massive breakout. The old cup and handle. Basically this first bust of the all time high broke the wall of sellers waiting to take profits. Now it'll have to correct to get an influx. But who knows. Some whale may just say "f*** the sell wall" and break it altogether. In that case we'll be off to the races.
nhill Member	Thu Oct 07 11:58:48 FTM $2 is now official. :) Boom, headshot.
Nimatzo iChihuaha	Thu Oct 07 12:33:24 Only 6 days after your October 1st prediction. Crazy good. Tonight we feast!
Nimatzo iChihuaha	Thu Oct 07 13:15:05 "cup pattern" This was one of those patterns I discovered on my own, not understanding what it meant or what it was called. "$1.50-$1.60" https://www.tradingview.com/x/GOQ4dzb3/
nhill Member	Thu Oct 07 15:46:32 Nice chart. Heiken Ashi <3 Looks about right to me. The next leg up will be a moon for sure, now that the sell wall was broken above $2.00. Those sellers are just going to wait to reload and will most certainly have bigger bags to fill this time around. It's fun to examine the psychology behind these common patterns. :D
Nimatzo iChihuaha	Thu Oct 07 16:16:34 Hey nhill You may have mentioned this, but Star ATLAS. I mean it's no more than a trailer of an unreal engine possibly AAA game, but they are gonna release some NFT game in the mean time. The real game has to be years away. Games are difficult though, there are so many ways a game can be ruined, it may end up being another Star Citizen, but holy shit their fan base is dedicated and the project is still being developed 1 planet at a time, lol. I'm gonna, just a little bit :)
nhill Member	Thu Oct 07 16:18:47 I remember Star Atlas, I mentioned it here because it had an IDO hyped so hard it took down Raydium for a while, haha. And I was trying to do normal stuff at the time (I think I was filling up my RAY-SOL bags), not mess with the IDO. But I agree, Star Atlas looks great, a lot of potential!
Nimatzo iChihuaha	Fri Oct 08 03:00:37 So, apparently we are going with plan B, straight to the moon! My reaper farm +300%,
Nimatzo iChihuaha	Fri Oct 08 03:08:14 I thought I ask, before I use this :P http://www.xpollinate.io/ This is the only bridge I have found that can bridge from BSC to polygon and Arbitrum. Have you used this?
nhill Member	Fri Oct 08 03:44:38 Yes, it works fine. I prefer http://anyswap.exchange/#/router but I've used xpollinate before!
nhill Member	Fri Oct 08 04:29:53 FTM still has the lowest MCAP/TVL ratio of all chains in crypto. - Fantom $FTM: 0.711 - Polygon $MATIC: 1.967 - Terra $LUNA: 2.102 - Avalanche $AVAX: 2.986 - BinanceSmartChain $BNB: 3.874 - Solana $SOL: 4.492 - TRON $TRX: 12.886 And this is just getting started. I stand by my $10 prediction by sometime next year. Still feel like it's a bit too conservative.
nhill Member	Fri Oct 08 06:14:42 $TIME is having a nice day ;)
Nimatzo iChihuaha	Fri Oct 08 06:42:07 They are all waking up! I have observing those ratios as well :) it was very noticeable on the Tomb-FTM pool, it has gone up 4x in a very short time. Ok, this is what I intend to do: MATIC 4% Polygon 4% Atom 4% Luna 7,3% AVAX 4,4% TIME 3,7% FTM-TOMB 7.3% BOO 3,6% SOL-Ray 6,2% OHM 7,3% ATLAS 4% USDC/DAI/USDT 31% ETH 13% These numbers are rounded, so it does not necessarily become exactly 100% and they are reflective of the initial investment and not actual value. Some are already on going like FTM-tomb, BOO, Luna, TIME, SOL-ray. I have to keep the list managable, so I have decided to lower risk by just holding Ether. I don't know, it's not final. Any feedback that doesn't massively increase the list is appreciated. That Imperamax platform looks really nice on polygon and Arbitrum. Was thinking of lending out MATIC and polygon there. The next step in making this more complicated is not having too much value on 1 platform... I already have an excel file slowly becoming more complex for this. People already do this (spread their wealth across banks), since the state insurance only covers the equivalent of 110 000 USD here in Sweden. The insurance is per person and institute/bank.
Nimatzo iChihuaha	Fri Oct 08 06:43:17 sorry I meant MATIC and LINK.
Nimatzo iChihuaha	Fri Oct 08 06:44:27 not Matic and polygon.. which are the same thing, I keep mixing those 3 names.
nhill Member	Fri Oct 08 08:02:19 Looks like the portfolio of a winner to me. The only advice I would give is to be flexible and dynamic. It's early days and getting in early on the best projects (e.g. what I did with $TIME) is extremely lucrative. But, for today, that looks like a killer portfolio! The management should allocate lower to the stables on dips, and higher on rips, should you choose to manage it. But if you're passive with the stables, that's cool too. Just be sure to lend them out for APR or yield. :)
Nimatzo iChihuaha	Fri Oct 08 09:49:38 Thanks man! Yes I am gonna lend the scs, a little on tarot a little on imperamax and possibly some other platform and actively manage this to the best of my abilities. This is a new chapter now, I have taken home the money I promised, and now all the money left (besides the eth) will be in DeFi. Crazy that 5 months ago, I was hodling a little BTC and ETH. Now I am providing liquidity, lending, staking, bridging. I had 1 wallet copay (eth was on coinbase) now I have 4, working on a 5th.
LazyCommunist Member	Fri Oct 08 11:23:37 It's a scam http://www...-backing-the-stablecoin-tether
nhill Member	Fri Oct 08 15:24:28 Tether being a scam is the oldest meme in the books. They recycle that same story every few months. $TIME: $6,031.40 Letsssss gooooo!
Nimatzo iChihuaha	Fri Oct 08 17:48:00 Correction: I must have been drunk earlier, my reaper farm is up 250% :( I just lost the 50% that existed in my imagination. But on the other hand my BOO is up 50% :) what was the name of that guy who said BOO was going to blow up Bill, Phil?
nhill Member	Sat Oct 09 03:22:14 Aw, shucks ;) The biggest catalyst is yet to come, too. It's the biggest exchange on FTM. Remember when $SOL had its breakout and they listed Raydium on Binance? That's what I expect to happen as FTM continues to break out. I wouldn't be surprised at all to see it listed near Halloween as part of a marketing angle. But even if not, chances are pretty good that it's coming. Premier DEXes get listed eventually and SpookySwap is pretty well established. The competitor, SpiritSwap, is also a good token. I doubt it'll get listed over SpookySwap (it's more of the small scrappy competitor), but I run a 75% $xBOO, 25% $inSPIRIT (spirit's staking equivalent) position.
nhill Member	Sat Oct 09 03:28:20 The other suggestion I'd have with your portfolio is to consider converting the stables into crypto reserve currencies slowly over time, provided they continue of their optimistic path. Good to have the decent chunk in stable for now, it being so early. But my goal is to eventually have crypto reserve currencies be my stablecoins. That's the red pill of crypto-- no longer even thinking about your portfolio in fiat denominated terms (e.g. "Oh eth is almost worth 5 OHMs after that rally!"). It's not prudent yet, but it's coming...
Nimatzo iChihuaha	Sat Oct 09 03:52:25 Yes! In fact all that sc would be ohm/time, if they had passed a quad 4 test. I figured that until we have proof that they behave as expected in even the worst economic context, I shall not totally let go of the greenback :)
nhill Member	Sat Oct 09 03:59:06 Excellent. Same. $TIME probably couldn't pass the test yet as it's still using $AVAX pair for most of its liquidity (although they've started to convert it out of the $AVAX pair to a stablecoin pair...the magic of reserve currencies is they control their own liquidity). $OHM is always going to be the mack daddy here, as it's the first mover and $OHM-inspired projects (There's actually a few of them, but $TIME is the only one I care about currently. Have my eye on $KLIMA though) give homage. E.g. $TIME shares 33% of its profits with $OHM by buying $OHM with 33% of its treasury (it's a symbiotic ecosystem!). Olympus Pro, too, provides liquidity bonding as a service to crypto projects, and part of that is a 3.3% fee (used to purchase $OHM). So long story short, $OHM in quad 4 will be the final test in my eyes. After that, it's bye bye fiat!
nhill Member	Sat Oct 09 04:17:21 The cool thing I'm seeing is that people are peeling their gains out of $HEX and putting it into $OHM. Really, $OHM is the version of $HEX that's not a scam. As it's run by a DAO instead of a megalomaniac founder (that has repeatedly been caught scamming people throughout his life, going back 20 years now). Plus $HEX doesn't do anything except inflate, for no apparent reason. $OHM's inflation is a result of revenue sharing out of the bonds. It's more like a dividend. $HEX's inflation is just "we give you more to make you rich!". I think $OHM will spell the doom of $HEX over time. Richard Heart will keep propping the price of $HEX as long as he can, but eventually he's going to run outta dry powder (he was one of the earliest in the crypto space so he has billions worth of Ethereum to help run his scam). Either way, $OHM gives you everything promised by $HEX without any of the downsides.
Nimatzo iChihuaha	Sat Oct 09 06:31:56 I am looking very forward to a quad 4 :) lol what a crazy thing to say! But I think I understand just about enough to stop worrying about risk, they can be managed. As those are managed I can afford to get more lost in the grand project itself and appreciate and understand it better. Only scratched the surface, but am paying more attention to liquidity pools and where they flow. We need this stuff aggregated! That would be very valuable for analysis. Specifically for these things like liquidity flow. You ever considering doing that? you are quite knowledgable and analytical, you see how the sauce is made. I just realized, I need to start listening more to devs, rather than market analysts. I need to learn the language of the people who make the sauce >:)
nhill Member	Sat Oct 09 13:00:07 It feels good having tools at your disposal, doesn't it. :) And if you can protect your assets in quad 4, that gives you a lot of fuel to get ahead of those that didn't! Knowledge is power. :) Traders/investors are taking their best guess based on available public info, but the knowledge comes from the developers. Having worked for public companies as a software engineer, we often know material information before the executive team does (as it's all in the code...). DeFi in particular is developer-driven, so it's more important there for picking the right projects. That's how I knocked my $FTM call outta the park. Andre Cronje and Daniele Sesta getting highly involved with the project was the tipoff. Rockstar devs. Daniele Sesta is behind $SPELL and $TIME. I've been staking $SPELL since it was around $0.003. Now it's $0.016 with no signs of slowing down. I would suggest looking into it if you want leveraged Ethereum exposure with a ton of upside (the main liquidity pair is the ETH pair). I actually got burned taking profits when it hit $0.009. It just kept going up, didn't get any pullbacks. Had to finally bite the bullet and re-enter around $0.012. Missed out on 25% gain... should not have sold. But win some, lose some!
nhill Member	Sat Oct 09 13:02:57 Holy cow Wonderland is taking no prisoners. $6,640.28 now.
Nimatzo iChihuaha	Sun Oct 10 16:24:48 Yeah TIME has turned out pretty well :) Jesus christ, I just spent 80 USD on gas fees, to buy OHM. Price action wise, not the best timing, but I see this one more long term, so I am not as sensitive. Am dollars cost averaging into all the project I listed previously, but with OHM given the horrendous gas fees on eth, gotta do that one at once.
Nimatzo iChihuaha	Mon Oct 11 05:05:54 lol, apparently that was as good as time as any (bought 980) to buy OHM, since OHM does not seem to care about anything. Quickly repaid the fees and already 10% into green territory as OHM stands at 1125 atm of writting. I am about 75% into my positions now. Nhill Are you completely on L2's on ethereum? For me at least, given that I am not throwing around 100's of thousands ;) fees are a thorn in my side and I am not that impressed by polygon, it's better, but still 10-15 USD. Arbitrum looks very promising in this regard, so thank you for sharing. I just wonder why polygon ran into this problem, that in my eyes should have been expected at the inception level of the project? i.e if you have built this thing to be faster and cheaper, a lot of people are going to come there... and congest the network. Apart from Aribtrum, what other promising L2 protocols are there? I am looking at cartesi as well.
nhill Member	Mon Oct 11 06:19:07 It's hard to go wrong with OHM right now. It goes up when Ethereum goes down, so the dip earlier around 0:00 UTC caused it to spike in value. But it also has a lot of momentum in general, so it tends to go up based on that alone. You shouldn't be paying more than $0.01 in Polygon. Check your address at http://polygonscan.com/ to verify. Sometimes Metamask gets bugged and calculates gas in the ETH price, not the Polygon price. The L2s I have my eye on are Optimism, Loopring, and Arbitrum. The pseudo-L2s (ones that are used like L2 solutions but technically are side chains) I keep an eye on are Polygon and Harmony One. But I don't have comprehensive knowledge of this space. Most of my research focus has been on alternative L1 solutions (e.g. Avalanche, Fantom, Solana) ever since the concept of bridging blurred the lines (experience-wise, not technically) between L1s and L2s. I'm hearing rumblings that Harmony One might be the Next Big Thing, kind of like Solana/Avalanche. Fantom I think still has plenty of room to run to $10 from here, but Solana and Avalanche are both more fairly valued. I wouldn't say they've ran their course, more like their first wave of value and adoption is complete, so they'll need new all time highs from Bitcoin and Ethereum to start their second wave. Fantom is still in its first wave. Harmony One may be starting its first wave recently. It'll need to sustain this initial momentum, though. What do you think about Cartesi? I haven't heard anyone mention that one in forever. Around the turn of the year it was the consensus that Polygon killed Cartesi, mainly with its incentive programs that ended up attracting a lot of TVL. Cartesi could be a diamond in the rough here.
nhill Member	Mon Oct 11 06:31:40 As for gas fees in general: I mine Ethereum to pay for my gas fees, so they don't bother me much. Also most transactions I do are 5 figure or above, so I rarely pay more than 1% in gas. The gas makes me feel good at times, actually, as you're paying a fee for a more secure network. I like having that option. I'm not very active on Ethereum because of gas fees, but having things like $sOHM and $sSPELL on Ethereum are very comfy holds. My more degen plays are on alternative L2s because I can mess around with 100s of transactions for a dollar or two. But I still try to keep long-term plays on Ethereum. PoW being expensive is an advantage. :) Incentivizes miners to keep the network secure!
nhill Member	Mon Oct 11 06:36:04 Also, if you do your moves during off-hours, that helps. I staked another chunk of $SPELL on the dip yesterday and it was only ~$10 in gas fees.
Nimatzo iChihuaha	Mon Oct 11 07:44:12 "You shouldn't be paying more than $0.01 in Polygon." I must have seen thing wrong, honestly, is could have sworn, but I also have some faint memory of you saying you ran into this congestion and rising costs on AAEV with polygon? Maybe I misremember. "Most of my research focus has been on alternative L1" That is the thing, I really love the L1's, FTM and Solana, the speed, the low costs. I may be biased, because they are the first two I ventured into and they are familiar and fairly easy to use. But we are not getting rid of ETH anytime soon, the cheapest way for a scrappy farmer is to get on the L2s, then I can also hold ETH directly, hodle ETH for gas on arbitrum and support the ETH project :) I am still holding a tiny amount of BTC for sentimental value, you know as an offering to Satoshi, may he validate all our transactions. :D "Solana and Avalanche are both more fairly valued." I see your point. Terra/LUNA probably still has room, not that many DeFi projects are up and running yet. "consensus that Polygon killed Cartesi" heh, that is about as far as I have come, I have read this being said. I wondered like you, if it maybe has potential. I am branching out in the exploration into DeFi, clicking at DeFi lama, like I normally click around in wiki articles, lol :) But also the emphasis on Linux stood out. But I warn you, things are still very new to me so everything can sound novel and unique when it isn't because of ignorance. "Also most transactions I do are 5 figure or above" I think this is the best solution for me too. So I will work on that instead of whining about fes and the L1s and 2s work fine until I get there ;) The L2's work fine until I get there. I think it was bad timing when I was doing my transaction, but ultimately thanks to OHM, it paid itself and more :)
nhill Member	Mon Oct 11 07:57:32 > I also have some faint memory of you saying you ran into this congestion and rising costs on AAEV with polygon Yes, that's true. At peak times it was congested and transactions got dropped or took a long time to validate. I think I paid as much as 0.5 $MATIC at one point. But my main issue with Polygon is they have misconfigured validators on their network and congested RPC servers. So at critical times my transactions weren't going through fast enough. I run my own RPC server now and the validators are *mostly* fixed. Every once in a while I'll catch a bad one. The annoying part about decentralization is we can't force the validators to update their software, so bug fixes take a while to roll out. > Terra/LUNA probably still has room, not that many DeFi projects are up and running yet. Yep, I agree, and it's got some good momentum here in the developer community. > I wondered like you, if it maybe has potential. I am branching out in the exploration into DeFi, clicking at DeFi lama, like I normally click around in wiki articles, lol :) But also the emphasis on Linux stood out. But I warn you, things are still very new to me so everything can sound novel and unique when it isn't because of ignorance. That's normal. The space moves so fast that I feel like the ignorant one every 3 months or so. We are clearly on the cusp of something big. The energy is palpable. It starts with the developers and early adopters like us, but crypto in general is still very much early. Buying things like Bitcoin, Ethereum, DOGE, whatever, on Paypal, Robinhood, or some random exchange isn't early. But actually using the technology is. Unfortunately for them, most people aren't capable (e.g. pretty much everyone in these forums other than you, jergul, and I) of making the distinction between retail speculation and technology. It's our advantage though. :)
nhill Member	Mon Oct 11 08:03:55 The other thing is that I'm not trading very much anymore. I keep some trades on to hedge, but my active trading has all but ceased. As I said in June when I started, I was mainly doing it to keep my skills sharp while crypto was stuck in purgatory (the May-July range). Now that we're back in a bull market, I'm 99% focused on the tech resurgence. Going back to your developers comment, my opinion is that the developers define the market, not investors and traders. Notice in May-July there weren't many new big projects released. Developers don't release projects in bear markets, they stay heads down developing to be released later. Then, all of a sudden, gems like Abracadabra and Wonderland appeared late July / early August. That tells me a new bull run had started, even though all the crusty technical traders are calling it a relief rally (because they are projecting the past 3 bear cycles on this one). Ah, the foolishness. But, again, works to our advantage, as their thesis will be invalidated when Bitcoin hits a new all time high. And guess what happens then? They are forced to buy. :)
nhill Member	Mon Oct 11 09:34:13 I'm grateful at how fortunate we are. Most crypto investors are barely break even from the start of September. With $OHM, $FTM, $BOO, $TOMB, $TSHARE, $SPELL, and $TIME I've more than doubled my crypto holdings in fiat terms. Truly a blessing to be in it for the tech instead of the chart. :) I'm on my best run right now in terms of gains by getting in on these projects early! But, definitely not going to sit on my laurels. All these projects still have massive upside (only $FTM is listed on a big CEX out of all of those), but staying on the lookout for new trends. Gaming cryptos are what I want to start to understand more. They are definitely the future but it's harder to understanding them as you have to play/understand the games to get an idea for how the tokens will perform. Some games are play to earn, so they are like yield farms where, even though the projects have huge potential, many of the tokens are sold more than bought (therefore follow a downward trajectory over time). Then other tokens like the Star Atlas ones are highly speculative as the game is so far away. Its token is designed to be inflationary with the in-game economy, but, like I said, there's no game yet. So the price has gone up like 70X since the initial offering. I could have bought some at the initial offering (was highly aware of it), but didn't (and still don't) have enough understanding of the space to buy any. As much as it may seem like it to an uninformed observer, I don't just throw my money around willy-nilly. Don't have a good handle on the space yet. Hopefully we can learn it together. :)
Nimatzo iChihuaha	Mon Oct 11 12:17:00 "0.5 $MATIC" I checked this again, I was seeing stuff. My trading will be opportunistic, but when I get more free time I will most likely do it more, it is a good skill to work on for me as a way to get better at managing money and it is fun :) "my opinion is that the developers define the market, not investors and traders." It makes perfect sense, there are analogs of this off chain, but generally the people who create the products are setting the stage for everyone else. They are generally not the rock stars on the stage, but they create the stage and write all the songs :) "Developers don't release projects in bear markets, they stay heads down developing to be released later." Truth be told I feel like I was born into a bull market, so this explosion of projects, is all I know! I will definitly take this one with me. "They are forced to buy. :)" I mean ffs even George Soros is on board, if that isn't a sign for, then I don't know what is! George Soros being interested in DeFi, is like the last seal of Judgment day, the final warning from god. lol :D "I'm grateful at how fortunate we are." I am grateful I ran in to you! "play/understand the games" This is indeed tricky, a complex enough game like an mmo which I suppose is one of the best formats for this, games can blow up on launch and then months later it turns out there was not much of a game and the in game mechanism or economy is stupid. But the first triple AAA contender can definitely be a good investment, but with a clear exit strategy, preferably before launch :) So, I view Star Atlas as the biggest gamble in all the stuff I am going into.
Nimatzo iChihuaha	Mon Oct 11 12:19:36 "Hopefully we can learn it together. :)" Would be my pleasure :)
Nimatzo iChihuaha	Mon Oct 11 13:08:03 I added Spirit to the mix. zapper.fi seems to be bugged, so it doesn't show up there. Are you also farming the FTM-Spirit LP pair? I have no gone all the way with that, just staking Spirit for now.
nhill Member	Mon Oct 11 13:13:29 I use the ginSPIRIT staking on grim.finance. You get both the spiritswap and grim finance fees compounded together, and the price is usually pretty close if you need liquidity. Zapper is hit or miss on small caps. Debank is, too. But they seem to both have different ones, so I use a combination of checking zapper and debank for my birds eye view. But even there, I'm on a lot of chains they don't cover, so in the end I manually tally if I want exact numbers (99% of the time I'm fine with rough estimates though, just by remember approximates in my head).
Nimatzo iChihuaha	Mon Oct 11 13:22:39 Ahh, at least I was smart enough to only lock in for a week. But I see, there is a superior APY over at grim. God dam it man, you are like a blood hound trained to seek maximum APYs. haha ;) You know, I dread the day I have to sell stuff in a hurry. I find myself already setting up escape plans into SCs for each network lol :)
nhill Member	Mon Oct 11 13:30:07 Lol. Yup. I like to sniff out the yield for sure. ;) Part of the fun for me is figuring out and tweaking strategies. It's been getting a lot more complicated for me, too...to the point where I need a spreadsheet to keep track of all the different chains and services. Man, the simple days where you could use Ethereum and Polygon Network for all your DeFi. Now it's a bit of Terra, some Moonriver, a dash of Near, a sprinkling of ATOM, healthy portion of FTM, a SOL snack, some Avalanche for dessert ... etc. Not sure when this cycle will end, but I'll be like Jim Carrey in that one god movie when it does. http://media.giphy.com/media/B1uajA01vvL91Urtsp/giphy.gif
Nimatzo iChihuaha	Mon Oct 11 13:49:15 lol
nhill Member	Mon Oct 11 17:09:04 Nim Not financial advice. Now's a great time to buy some $SPELL. You can get it on $FTM, $AVAX, or $ETH. You can only stake it on ETH but you don't have to stake if you don't want. It's around 24% APY staked but it may not be worth it for the gas fees. It's going to get listed on FTX. The FTX wallet purchased 35M $SPELL in the past 24 hours!
Nimatzo iChihuaha	Mon Oct 11 17:28:57 I need a little magic in life :)
nhill Member	Mon Oct 11 17:37:58 I put on my wizard hat and robe.
Nimatzo iChihuaha	Mon Oct 11 17:39:58 Wonderland is upp 100% since I bought it. As far Tulip mania shilling goes, you know your Tulips :D
nhill Member	Mon Oct 11 17:45:07 It's a beautiful thing :') And it is showing no signs of slowing down. Even as the base pair is getting smoked ($AVAX down bigly) it's still going up. Oppan Parabola Style.
nhill Member	Mon Oct 11 17:48:57 If $AVAX bounces $TIME is going to get out of control. People are minting it like crazy because you don't have gas fees like you do with $OHM. I bet it'll be worth more than Bitcoin within 6 months.
nhill Member	Mon Oct 11 17:53:45 Oh wow, Bitcoin just broke the H&S trendline that caused the dump in September (from people trying to break even from the May top). Didn't check it today until now. Bitcoin is now technically in the bull phase now. :) All time highs are inevitable now.
Nimatzo iChihuaha	Mon Oct 11 18:08:39 It really is beautiful. People are waking up to the native reserve currency concept. It was just never likely that BTC being the immutable generation 0 would solve all the problems it set out to solve and those inherent to itself.
nhill Member	Mon Oct 11 20:17:26 Well, if you're familiar with software, you know the first iteration is NEVER the final iteration.
nhill Member	Mon Oct 11 21:02:40 BTW when I say worth more than Bitcoin, I mean in the unit price sense. Wouldn't be surprised to see $AVAX hit 60K+ at all.
Nimatzo iChihuaha	Tue Oct 12 04:35:37 "Well, if you're familiar with software" I have a hard time identifying with the BTC cult for this reason, like guys, it isn't actual physical gold, we can change the properties in a way that was only a legend among alchemists. The important thing was not the first instantiation, but the abstraction that was presented. "I mean in the unit price sense." Of course :) we have a long way to go to catch up with BTC market cap.
nhill Member	Tue Oct 12 08:13:11 Ah, those jerks at FTX released $SPELL as a perp instead of spot. Caused a huge dip as people took out short sales for the first time to hedge. Looks like it spilled over to $TIME and $ICE, the developers other two projects. Damn you Sam! Bought the $SPELL and $TIME dip tho. Thank you for the liquidity, shorters.
Nimatzo iChihuaha	Tue Oct 12 09:23:39 ”Caused a huge dip as people took out short sales for the first time to hedge” Oh the irony… lol. Well it is what it is! :)
nhill Member	Tue Oct 12 09:27:33 Yep, that was a miss by me. My bad. Thought they were going to list it as spot. :(
nhill Member	Tue Oct 12 10:49:19 Looks like it bounced right back and will rally now. :)
nhill Member	Tue Oct 12 10:56:14 This may work in our favor if shorters start to get liquidated.
Nimatzo iChihuaha	Tue Oct 12 14:33:17 Par for the course. But I thought it was really funny twist. :D
nhill Member	Tue Oct 12 14:56:32 lol
Nimatzo iChihuaha	Tue Oct 12 18:14:02 People are fomoing into BTC and out of the alts it seems. OHM is doing great though :) I see the benefits already, OHM and TIME are holding the fort over here.
nhill Member	Wed Oct 13 02:12:46 Yup. OHM in particular works as a good safe haven. $TIME still has counterparty risk in the $AVAX liquidity, but I'm confident that will diminish over time. After all, that's the whole point of them having control over their liquidity. They are more knowledgeable about the optimum liquidity provider ratio than me, so I trust their decisions. :) But $OHM has already passed that hump. It behaves as a true reserve currency more often than not. The real test will be a sustained quad 4 scenario (deflation w/ lack of economic growth, e.g. right now in the micro), though, and whether or not the APY derived from bonds can uphold the depreciation in spot price. When you think about it, that's really all that matters with a proper reserve currency...even if it decreases in spot price, the deposit should either break even or appreciate relative to fiat. If that's the case, then all bets are off. $OHM will be $10,000+. (APY will taper off, naturally, as bonding will become less relevant with the deeper liquidity pools).
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