Utopia Talk / Politics / Dukhat is a bitch.

nhill Member	Wed Oct 27 20:27:17 Obviously. Well this is my new "crypto thread". Apparently my designated corner of degeneracy amongst the tabloid soccer moms that decide some actor shooting a cinematographer on set is more important than the geopolitical consequences of Chinese companies being force to move to the USA. Lmao. U didn't actually believe that? I'll make as many threads as I want to make to discuss whatever the fuck I want. Anyways. Privacy coins. This'll be the third time on this forum that I've publicly double people's money. First with L1 chains ($FTM and $SOL), I made calls for 10x money. Then with Reserve Currencies, I made calls for 10x money. $SCRT $DERO $PRCY These are the next big opportunities. I don't care if y'all poors (other than Nimatzo) buy them or not. Let's just continue the streak of me putting myself on the line publicly and being right. Every time.
nhill Member	Wed Oct 27 20:27:59 http://uto...hread=88718&time=1635368589246 last thread
Rugian Member	Wed Oct 27 20:31:12 "Apparently my designated corner of degeneracy amongst the tabloid soccer moms that decide some actor shooting a cinematographer on set is more important than the geopolitical consequences of Chinese companies being force to move to the USA." Well that certainly is a vivid description lol.
nhill Member	Wed Oct 27 20:32:30 Oh, also $ERG. It's semi-private, but GPU PoW, so it has enhanced security.
nhill Member	Wed Oct 27 20:33:17 > Well that certainly is a vivid description lol. Thank you, ser. ;)
murder Member	Wed Oct 27 21:08:41 Best crypto headline ever ... "Shiba Inu (SHIB) Vs. Dogecoin (DOGE): Who's A Good Boy?" I won't bother linking to the story because who cares?
nhill Member	Wed Oct 27 21:51:53 Indeed. Who the fuck cares. Get out of here with these dog themed meme coins. This is crypto thread. Take your idiocy somewhere else.
Dukhat Member	Wed Oct 27 22:28:16 Irony
nhill Member	Wed Oct 27 22:49:24 Sup bitch.
murder Member	Wed Oct 27 23:18:49 I apologize for filthying up your thread with lower quality fake money ... And the greatest crypto headline ever!
nhill Member	Thu Oct 28 00:28:00 I forgive you.
Nimatzo iChihuaha	Thu Oct 28 03:48:18 Dukhat actually left the boards once. He made a big thing about leaving this place and how shit it was. Then without shame, he just popped back up here a week later and pretended like nothing had happened. Loser.
Nimatzo iChihuaha	Thu Oct 28 05:00:52 Jergul I hope you are reading here, I am not bumping the other thread. "Crypto is less of a scam than capitalism. Possibly." We'll take it and appreciate the honesty. There is no telling how this will end, but it looks very promising as a way of upending the stupidity of this current paradigm. Look at it like this, game theory was discovered after the economic order was already set. It was like, oh look there are game theoretical dynamics in markets and capitalism, interesting. This time, game theory of good incentives is being coded into the system. You can't fix up a house forever, you need to build a new one eventually, preferably in parallell before the old one collapses and allow for a painless and smooth transition.
Nimatzo iChihuaha	Thu Oct 28 12:08:24 TOMB has gone rogue! It's trying to go the moon by itself. Bought more FTM during the dip yesterday and increased my FTM-Tomb position, also prepped for tonights minting of spookycats. I open a position in SECRET @ 9.5 it looks like it is bouncing on the previous break out level. I did some reading and listening and have reached the conclusion, just shut up and take my money. Listened to coin bureau on youtube (he does good informative primer videos if anyone is interest), says "questionable tokenomics related to allocation". I know you said you see this as a short term play, did you mean as personal privacy solution or as having a stake in a privacy protocol? What of the tokenomics and allocation?
nhill Member	Thu Oct 28 13:59:11 The tokenomics are a bit strange because they branched from Enigma -> Secret ($ENG -> $SCRT). I still haven't fully grokked the details around that. Partly because they haven't released them all, at least around the tokens themselves (apparently they ran into regulatory concerns, and they weren't able to talk about it). I'm not too concerned about it, but the lack of clarity is concerning. The allocations they quote isn't too unusual. It's the enigma part that seems to be the hangup (at least for me). It's my short term play because it's a working solution (as in, it has working smart contracts and DeFi services already). But long-term I think a chain like $DERO, built from scratch, is going to win out. I'm still early here, though. Haven't researched too many alternatives yet, so these plays are subject to change. I got into $DERO initially because I wanted a CPU minable PoW crypto allocation, so my bias is a bit colored by how much it appreciated (was under $1 not too long ago). But privacy tokens in general is the space I'm building up positions and expertise right now. Taking it slow. $BEAM is the next one that I'm going to research.
nhill Member	Thu Oct 28 14:03:45 http://med...currency-protocol-3b902ce206a7 Another reserve currency to keep an eye on. I'm not that interested in it, though. They came out of the gate shit talking, which is a red flag to me. But I'll keep an eye on it. Might be a rug.
Nimatzo iChihuaha	Thu Oct 28 14:35:09 Speaking of scams, creamy finance got rekt with a flash loan over 90 million USD, I heard it was the third this year for them. tsk tsk tsk.
nhill Member	Thu Oct 28 15:15:37 Yeah... they got creamed. (dad joke alert) At least they should have the recovery process down by now, lol. The token only dropped like 30% so maybe the hack was priced in already. ;)
nhill Member	Thu Oct 28 15:43:47 Dayum, $ETH and $SPELL are on a moon mission today. And $SPELL hasn't even made its merlin candle for a week yet... this could get real interesting. The merlin candle is when the protocol uses its revenue to buy $SPELL and distribute it to $sSPELL stakers. It's done randomly and strategically to avoid front-running. Knowing Dani, I wouldn't be surprised to see them pop the candle at resistance, perhaps on FTX, and liquidate a bunch of short positions. Merlin candle + short liquidation fuel would be insane to see. Looks like they have about 3 million worth of fees. If they do it dirty on FTX, that would be a mass liquidation event, as the volume on FTX is still pretty low. A 3 million market buy would probably push the price up around 30% there. :p If they don't do it dirty, then it'll probably close to a +3% change in price (based on the SushiSwap ETH LP). Things could get interesting. But my guess is that they'll do it on SushiSwap like they have every other time.
nhill Member	Thu Oct 28 15:52:51 http://eth...5797eba66873b53f8daf8af1f170b3 This was the last merlin candle.
nhill Member	Thu Oct 28 16:08:25 http://app.exodia.finance/ Just found this one, an $OHM fork on Fantom. Heh. Looks like it stealth launched a couple days ago. Price is extremely volatile. Went from $0 -> $20000 -> $2800 -> $8000 and now $2600. There's not much liquidity for the pair...only around $900,000. Think I'll sit this one out. With that low of liquidity, couldn't even buy very much.
nhill Member	Thu Oct 28 16:31:38 Looks like it might be soft rug pull. (i.e. devs + friends buying under $100 and then dumping at the top) And this is why I don't mess with unauthorized forks :D
nhill Member	Thu Oct 28 16:53:08 https://strongblock.com/index.html This one looks interesting. It had bubbled up to me before, but it was right after launch and I was skeptical. But looks like they are going Strong. (har har) Basically you pay 10 Strong, approximately $12000 to spin up a node. That node validates for a blockchain and the Strong service rewards you with 0.1 STRONG per day. The price will keep going up as long as people keep buying nodes, as that removes the $STRONG from circulation. And that price appreciation incentivizes people to save their STRONG and spin up more nodes, to increase their passive income. Kinda cool. There's no incentive today to run a node, but they are critical for blockchain health and security. So this solves a real problem along w/ rewarding passive income.
nhill Member	Thu Oct 28 16:53:19 http://strongblock.com/index.html
nhill Member	Thu Oct 28 16:56:34 The question is how many nodes get spun up before people start dumping it hard. :) But it looks like it did pretty well, even through the mini bear market earlier this year. Always nice to see the incentives play out like this. I might as well spin up a node or two!
nhill Member	Thu Oct 28 17:05:05 Well, that opens up a whole new world for me. Apparently this node paradigm has caught on and there are quite a few services running different types of nodes. Strong does blockchain nodes, but there's other types too, like oracles, gaming nodes, etc.
Nimatzo iChihuaha	Thu Oct 28 20:07:35 Almost overslept, but I got 1 magicat! Gotta catch some sleep now.
Nimatzo iChihuaha	Fri Oct 29 06:28:04 I read some of the material on STRONG. What does STRONG gain, paying rewards for running nodes for other blockchains? Not sure I get that. So many things happening in this space man, need too pick my spots :) 8-9 small caps? Well that wen't out the window in less than a week, currently 14 and there is no end in sight.
Nimatzo iChihuaha	Fri Oct 29 10:06:13 Anubis Dao another dog meme shitcoin that got rugged today.
nhill Member	Fri Oct 29 10:17:47 Hmm I thought I responded to you about STRONG but apparently it didn't go through. Or maybe I typed it up and left it. But anywho. STRONG incentivizes running up to date nodes for various blockchains. Nodes are different from miners/validators. Miners/validators get a block reward for their contribution (usually in the form of the chain's native token). Nodes, on the other hand, get nothing. But they play a critical role in securing the network. Essentially, they validate the receipt, also known as confirming the block. Many services (e.g. Binance) will wait until there's a certain number of block confirmations before they allow you to transfer. The problem this is solving is real. Ethereum had a split chain earlier this year that resulted from a bug that was fixed promptly. The miners, of course, updated right away, as they didn't want to be mining on the wrong chain (as their block rewards would be worthless there). The nodes, on the other hand, didn't update very fast at all, and left the network is a vulnerable state. It literally threatened the future of ETH :) As if the wrong chain out of the two ended up retaining 51% control, there would have been a shitshow where people thought they were doing a swap or something, but it didn't actually go through. So this helps prevent that scenario. The STRONG company spins up and manages the nodes for you and keeps everything up to date. It's kinda like bring mining/validating incentives to running nodes.
nhill Member	Fri Oct 29 10:18:13 > I got 1 magicat! Welcome to the magical world of NFTs :D
nhill Member	Fri Oct 29 10:21:34 > Anubis Dao another dog meme shitcoin that got rugged today. Oof. Sucks to be them. As fun as meme coins may look, I avoid them completely. Well, they offend me in a way. They contain everything people think is wrong with crypto (fundamentally worthless pyramid schemes for degenerate gamblers). But I guess gambling on a few ASCII letters isn't any worse than the craps table. Just hate how that side of crypto is prominent enough for people to think that's what crypto is about. But, in the end, the tech will win out and the early visionaries will be rewarded more heavily as we're able to convert more USD at cheaper prices. So maybe I'll owe them some gratitude in the future!
nhill Member	Fri Oct 29 10:22:53 http://twitter.com/tferriss/status/1454080758189019144 Tim Ferriss is on the $OHM train. :)
Nimatzo iChihuaha	Fri Oct 29 11:06:38 "The problem this is solving is real." No I hear you. I was just curious about the business model for STRONG. Maybe I am thinking incorrectly, but they have tokenized the operating of full nodes? "Well, they offend me in a way." I don't blame you, I am triggered by the fact that there are now 2 shit coins in the top 10 market cap, ahead of Polygon, LINK, ATOM, LUNA and FTM. I mean this basically "how can Kim Kardashian be more famous than [insert intelligent person who has brought value too the world], because the world is full of actual degens. Tim Ferriss is an intelligent person, used to listen to him a lot some years ago. How are you spread between OHM / TIME / KLIMA?
nhill Member	Fri Oct 29 12:43:34 You pay 10 $STRONG to get a node. You can either manage it yourself (complicated) or pay $14.95/month to have the Strong team manage the node for you (and they provide proof of it running). That 10 STRONG gets used: 10% undefined (as in they are discretionary with it based on new ideas, some of this has gotten burned) 10% to STRONG-ETH and LINK-STRONG liquidity 20% into the Strong Pool 60% into node rewards pool So it basically redistributes the rewards. The thing that always gets me, though, is this is more of a pyramid scheme. They are solving a real problem, and that's great, but unless people keep spinning up new nodes, eventually the price will crash hard as people convert. That's what got me initially, and still keeps me out of it. I don't see the great economics w/ the token itself, beyond spinning up more and more nodes. So I'm still on the fence about it.
nhill Member	Fri Oct 29 12:46:56 How are you spread between OHM / TIME / KLIMA? 80% OHM 15% TIME 5% KLIMA How about you?
nhill Member	Fri Oct 29 13:03:14 But the node paradigm is still very interesting to me.
Nimatzo iChihuaha	Fri Oct 29 13:13:51 "this is more of a pyramid scheme." See, something was tingeling inside me, but I didn't know if I had understood how the money was flowing. I understand value of the idea, it just need a sustainable business model. OHM/TIME/KLIMA 50/30/20 Klima is getting rekt atm :) Elliot waves.
nhill Member	Fri Oct 29 14:22:38 KLIMA: I moved some coin into it today when it was under $2000. It's riding the OHM fork (Elliot) waves. :) People know it's a hot space so they speculate on trading it. Personally, I'm still staked with an initial entry around $1000. Trading is fun, but there's so much more to research now I simply don't have the time! But I did like to see how you applied the trading principles to the $SCRT entry and bought at potential support. SCRT is also seeing some profit taking today, but this is a play like Fantom for me. There'll be ebbs and flows, but long-term it, and other privacy tokens, will be a gem. I try to keep my pulse on what's next. :) Reserve tokens are still the hottest (outside of dog coins) current trend, IMO. $EXOD, the reserve on Fantom looks a bit better today. It stabilized around $4000. Still would like them to generate more liquidity before starting a position, but they are at 1.3mil liquidity, which is a positive sign. And I'd ideally like a price ~$1000-$2000. But it looks less ruggy today, at least.
Nimatzo iChihuaha	Fri Oct 29 15:18:47 It was a very soft and spongy "support" to be honest, I am 40% into my position on SCRT, not that I am trading SCRT, but I like to keep using the trading principles when entering practically anything to keep getting better at it. So I am in total agreement, it is a long play. I have been trading ETH though, I like ETH for trading, swinging the highs and lows using the usual resistance, support, william's set, MDCA, RSI, Stoch RSI, fibs etc. and hedge eye trend tracker. The time frame is days maybe a couple of weeks. Working pretty good. Still learning more about TA:s as I go. Have not missed a macro show since you introduced it, honestly that show is fucking good. I have a non-narrative driven analysis on, where we are and where does it look like we are heading? You called it a sanity check, yea definitely. I really appreciate it, it is very valuable in keeping 1 step ahead instead of thinking about what I should have done. That is a HUGE trap in trading that was quite difficult to get out of, the "hind sight trading". I am at a place where I am can sell for a profit (always DA in and out now) and then pretty much start looking at the same chart, as if the previous trade didn't happen. Still have a lot to work on though, but it has been quite the journey :) Everything else is on DeFi. 70% of my capital is being lended, staked or in LP pairs, 30% is trading capital, but I will decrease this to 20% or less in the coming week, increasing OHM and buying TIDAL.
nhill Member	Fri Oct 29 15:40:57 Oh, yeah, that reminds me. I want to have a stake in insurance protocols, too. You like TIDAL? That looks like a decent starting point. Low cap, acceptable tokenomics, active dev team, code passes the smell test. I'll keep it in mind. ETH is my favorite to trade, also. It seems to trade more technically than most coins. Glad you're keeping the skills sharp, I might need a refresher soon, lol. It's a lot. Glad you like The Macro Show. It's been a huge inspiration for me and my approach to markets. Particularly the "quantamental" approach where he has teams of fundamental analysts pitch their favorites and he'll trade the ones that fits the macro environment and technicals. I try to model my approach off that, but, of course, he's got a team of 40+ and I'm a team of one (now two!). :) The avoiding narratives is key... like you've experienced, by the time we get access to narratives, most of them are already priced in...so why not trade the chart instead? That's where the information/alpha is going to be 99% of the time. Despite that, my #1 reason for all this remains the actual technology. e.g., I'm more fascinated with upending the traditional finance system than I am getting rich off DeFi. Just so happens they coincided.
Nimatzo iChihuaha	Fri Oct 29 18:01:04 "You like TIDAL?" I have not gone in yet, but from what I have looked and read, I do. One of the devs used to be a hacker before he found DeFi :) and I think like you that the insurance protocol is something worth having a stake in. And it is based on Polkadot, so I have a stake in their chain that way. "by the time we get access to narratives, most of them are already priced in" Indeed. You know, watching hedge eye I found new appreciation for something we all know, fear sells news, those are the garbage incentives of mass media that simply do not exist for a place that isn't living off ads on cable news. Watching that whole Ever Grande stuff unfold on both fronts, I mean "the world was ending", while Keith was going, meh. "#1 reason for all this remains the actual technology" 100%, the macro analysis is just handy to avoid the brutal corrections. Yes patience and choosing good projects will ultimately win out in the long term, but I rather avoid them, learned that from you :) so when those quad 4 signals start growing, I have reallocated before the narrative hits the news cycle >:) that's the plan anyways. "Just so happens they coincided." http://www.mememaker.net/static/images/memes/4811697.jpg
nhill Member	Sat Oct 30 14:23:26 Indeed. I use the macro and technical analysis to make sure I don't get rekt exploring the magical world of crypto. Btw, now that Facebook co-opted the word metaverse I'm not using that word anymore. As for the all-digital parallel universe powered by crypto, I'm calling it the cryptoverse. Fuck the Zuck. lol @ meme
nhill Member	Sat Oct 30 14:28:40 As for gaming: Gaia Everworld. Check it out. Looks like it has a lot of potential and is further along in development than Star Atlas. Uses a similar business/NFT model to Axie Infinity. I missed out on the $AXS train. Gaming in general I've not done well with in crypto. My biggest win so far in the gaming space is the $DEATH token on FTM. I've been a beta tester for their game and thought it was a ridiculously low market cap for the potential. Sure enough, it exploded eventually. Up around 9X on it. Extremely small position compared to most of mine (under 0.3%), as it's market cap was around $500,000 at the time of purchase. I own about 1% of the total supply, lol.
nhill Member	Sat Oct 30 19:30:42 Oh, I guess $PYR was alright, too. Forgot I even had that, as it's in a separate wallet. 3X win on that so far, and it's still on fire. Bought at $4, now $14.44. 4X coming in hot!
nhill Member	Sat Oct 30 20:13:00 $ICX is the next L1 chain I'm interested in exploring. Got a very small amount to mess with their products. Their 2.0 comes out next week, and soon they'll be releasing a whole new blockchain as a Polkadot parachain that is EVM-compatible, called $ICE. So it's indirectly another way to get involved in the polkadot ecosystem. $ICX holders will allegedly get airdropped 1:1 tokens on the new chain so they can use it right away. The economics behind that is...interesting. I would suspect ICX to drop after the snapshot is confirmed (people building up bags for airdrop). But the $ICX ecosystem is intriguing. Since it's not EVM-compatible, you don't have any copy-paste apps like most other chains. Still very fresh, though, I think they only have like 3 DeFi apps (AMM app, lending app, and staking app). But with Fantom breaking the top 50 in market cap (I think eventually it could be top 10), I'm still down for riding another L1 chain. Mainly because the intriguing current development. ICX market cap is 1B right now, so it's no small fry (Fantom was like ~600,000 when I got into it), but still plenty of upside.
nhill Member	Sat Oct 30 20:24:25 I'll be honest, though. Right now, pretty much everything looks good. Hard to break about winners when almost *all* the charts I track (over 30+) look bullish (about 25/30 look bullish). Including BTC & ETH. Happy Halloween? :D
nhill Member	Sat Oct 30 20:24:37 brag about winners*
nhill Member	Sat Oct 30 23:06:41 Oh heck, let me brag a bit anyways. My listing trade plan hit for $SPELL. Up +60% since I gave the trade here on FTX about to list it. Even though it dipped like 15% for a bit there under my initial level. And there's still about 4 million about to be pumped into it for the merlin candle. Beautiful call. Up 145X from my initial (small) investment. Been a bigger win than $TIME for me now, overall, and no signs of slowing down!
nhill Member	Sat Oct 30 23:13:28 Err, somehow my decimal dropped. I mean 14.5X, lol. Who knows, maybe 145X by the end of this bull run. 20 billion market cap is a reasonable price. Hell, the protocol is already making 3 million in revenue each week. It makes as much money as Microsoft AND distributes all profit to the stakeholders ($sSPELL stakers). Microsoft has a 2.49T market cap. If we go on P/E ratio, $SPELL could be worth $3.61. That'll be my ultimate price target.
Nimatzo iChihuaha	Sun Oct 31 06:26:02 "Gaia Everworld" Looks very interesting, lacks polish as expected, but at least they have real game play. And that looks like the kind of game people spend real money on dressing their characters a certain way. Very interesting. On polygon too. Putting it on my list of things to explore further. ICX too. "Happy Halloween?" :D The magicat NFT I got is the MK robot kind, currently the 2 highest sell price. Though not unique, I think robocats have sentimental value. I am wondering, since you have more experience with this stuff. Should I try to sell it now, or wait? In theory maybe I can get 8-10x the mint price. Spooky have said that the NFTs will have utility on the new version of the exchange. Do you have any idea what such utility could even be? I tried finding other examples, but have only managed to speculate, like maybe it could be discount on fees, or slightly more APY if you hold a number or specific NFTs?
nhill Member	Sun Oct 31 16:33:36 I'm going to wait it out. Spooky probably does have some nice use cases for it. Common things are discounts on fees or farm boosts, etc. I'm comfortable holding this one. But my general NFT strats are these: 1. Buy 2, sell one for over double, hold the first. That way I can hold risk-free. Like my Fantom Waifu that I sold for 1200 FTM but minted for 500 FTM. Since I minted two, I have a 200 FTM profit, and potential for a huge sale down the road. 2. Buy 1, sell for over double, take half the profits and buy another project. Basically I'm on a sales schedule where I'm constantly profiting and never have risk of bagholding negative profits. Right now I'm bagholding (in profit) tons of projects, and my thesis is that at least one of them should blow up sometime in the future. But neither of these strats applies here for me. The Spooky NFT has more of a product and future use cases behind it. So I'm all hold on this. The potential trading discounts alone could pay it off. :)
nhill Member	Sun Oct 31 16:33:46 $SPELL new ATH!
Nimatzo iChihuaha	Sun Oct 31 17:19:07 I guess my ass is gonna sit on this. I'm up 50% on $SPELL. NFTs that have utility, is game mechanics fusing with financial services. This is crazy.
Nimatzo iChihuaha	Sun Oct 31 17:29:54 I guess my ass is gonna sit on this. I'm up 50% on $SPELL. NFTs that have utility, is game mechanics fusing with financial services. This is crazy.
nhill Member	Sun Oct 31 23:20:13 Indeed! We're gonna see some more funky combos over time. That's the beauty of crypto. The composability! $OHM is up while $ETH is down again. Hmm. Might be a good sign. It's really hard to tell. I'm disappointed in $OHM, to be honest. One was their fault, and one was simply incidental. First, the smart contract key being lost. Second, it exploding in celebrity attention (Grimez and Tim Ferris endorsements). That muddied up the whole "reserve currency" experiment. Before these fiascos it was doing great. People would take profit on $ETH and $OHM would appreciate, or $ETH would rally and $OHM would depreciate (but still maintain crypto stable through the rebasing). Now the experiment is broken. Need to wait for the dust to settle to see if this concept truly has legs. Doesn't change my long-term view, which has always believed in the concept. It just changes the time-frame that I'm convinced the concept is proven. :/
Nimatzo iChihuaha	Mon Nov 01 05:38:58 "it exploding in celebrity attention (Grimez and Tim Ferris endorsements)." "It just changes the time-frame that I'm convinced the concept is proven. :/" Yeah, don't forget OHM still has so few users, we still do not have it cross multiple chains yet? It needs to grow for the 3, 3 philosophy to bring about the right dynamics. I have no idea why they are not doing that, the way TIME has. I guess they don't need to with ETH still dominating DeFi TVL, but for scrappy DeFi users like me on the L1s, TIME looks more interesting.
nhill Member	Mon Nov 01 10:00:28 Yeah, that's true. The nice thing about Ethereum is I felt it was a good sandbox to test the idea. The gas fees limited the user base and transactions to all be serious usage. As nobody wants to spend $200 on a swap, regardless of their net worth, for shits and giggles. ;) My naive vision was hoping we'd get another few weeks of testing during a rally, so see it appreciate on pullbacks, and remain relatively stable on rallies through the interest. But, oh well. It's not very well publicized, but you can actually purchase $OHM on Avalanche and Arbitrum now. It's the $wsOHM version from abracadabra ($SPELL). Basically a wrapped version of the staked $OHM, so you automatically get the compound interest on it. There's access to it on Trader Joe on Avalanche, and Sushiswap on Arbitrum. The liquidity is relatively low on both of them (under $500,000), so they don't support large transactions yet. But should be fine for 3 figures, maybe low 4 figure transactions.
nhill Member	Mon Nov 01 11:13:32 There's also a 3rd factor I forgot about, and that's the unnecessary drama between $TIME and $OHM. I don't even want to rehash it, it was annoying. But I will. Basically $TIME was given the blessing from OhmZeus, the $OHM founder, and $TIME decided to make 33% of its treasury $OHM as a tribute. Well, ever since launch $OHM was silent on $TIME. My suspicion is they weren't super happy w/ $TIME outperforming them and kinda regretted giving them the blessing. Daniele Sesta wasn't happy with it at all. It all came to a head when $KLIMA launched and $OHM promoted it as an authorized fork. Then Daniele sub tweeted and asked if $TIME was an authorized fork or if they should just stop buying $OHM for their treasury. OhmZeus responded saying it was authorized but the damage was already done...as later on the $OHM called out Daniele for trying to back out of his promise, etc. Just foolishness and egos.
nhill Member	Mon Nov 01 12:00:30 http://eth...e70ec9f06f1a0dbb656e40e0f51d85 267 million worth of spell just got burned and taken off the market. :) This is due to a proposal that passed in the DAO reducing the emissions for farming $SPELL. We'll see reduced sell pressure from here on out because of auto compounders.
Nimatzo iChihuaha	Mon Nov 01 12:28:21 I have sensed some bad feelz reading some tweets, nothint overt, like passive aggressive stuff. Didn’t think much of it, until now. Go SPELL :) I actually sat and listened to Anubis Dao meeting as sisyphus (apparently well known) was taking all the shit. It was very educational, the autopsy of a scam. Everyone aped into it, because of sisyphus name, and for whatever reason they didn’t have multi sig keys and this Berus guy (HK based dev) pulled the rug and made up some bullshit about an email with malware. Yea, some phishing attack that ONLY took the DAO’s money lol. Sisyphus was actually entertaining this in the chat. He quickly overcame his denial though. It was interesting to be honest, learn from other’s mistakes I thought. Though to be honest I don’t see myself aping into a dog themed coin ever, I don’t care who is involved.
Nimatzo iChihuaha	Mon Nov 01 12:55:48 "you can actually purchase $OHM on Avalanche and Arbitrum now" I see, found them now.
Nimatzo iChihuaha	Mon Nov 01 13:46:55 Feel like is time for another pull back. We have been in a bullish pattern for 40 days now since the reversal of the bearish intermezzo in september. Leverage is high again, retail is aping into shit coins like there is no tomorrow, and BTC volume is down over 40% compared to monthly average. A fib retrace to 0,5 for BTC starting at septembers low is 53K, which is about where the previous break out is. Not even that bad, like 13-14% drop. Just sayin' :)
nhill Member	Mon Nov 01 14:30:30 On the flipside, if ETH breaks the ATH resistance and enters price discovery, we could see an explosion. But if it can't break back above and continues to consolidate under ATH resistance, I could see a quick flush of the leverage. But, I'm still bullish right now for the short-term. There's more shorts out on margins (shorters tend to use stablecoin-margined contracts). In fact, the stablecoin margined contracts are at an all-time-high for Bitcoin. Coin margin contracts aren't even half way there yet. On-chain metrics also show a lot of accumulation by the biggest accounts, which suggest a lot of the shorting is smaller players. All this makes me think we're more likely to melt up than melt down. A nice 10-15% drop will happen one way or the other, but I don't think we're there yet. :)
nhill Member	Mon Nov 01 14:33:14 http://vid...20/XL4fStPKJiP0NIW1.mp4?tag=12 Did you catch the $SQUID squid game crypto rug pull today? If not, here's an amazing clip, lol. 2 trillion market cap down to $500,000. Once again, idiot apes trying to make money on memes go broke... hate to see it. A fool and his money are soon parted, though.
Nimatzo iChihuaha	Mon Nov 01 15:02:28 Good to have someone question me :) I did hear about Squid game, it's a weekly thing now feels like. That clip, is the Bogdanov "Dump it" meme coming to life. That's what is happening the meme's are becoming reality. STAND CLEAR.
nhill Member	Mon Nov 01 15:06:16 That said, nobody went broke booking some profits, so no hate if you secure the bag. :) I'll be taking some out to buy a new truck (Dodge Ram 2500) to pull our trailer. Darn car dealers won't accept crypto yet, heh.
nhill Member	Mon Nov 01 15:15:56 Yup. You either end up a millionaire or lose it all buying these memecoins at their lows. And buying them at their highs is idiotic. I guess it's better odds than the lotto or casino. Maybe. They'd also make good scalping opportunities on rallies, but I don't bother. Not my scene.
nhill Member	Mon Nov 01 17:23:29 http://coinalyze.net/snapshot/OysrmIvs My technical views on Bitcoin. We could definitely have a bullish retest down the the 52-53K range, or the whales could say f*** it and send it while shorters are still greedy. Right now I'm leaning towards the latter. It's not a perfect U shape cup and handle, but it isn't a V shape either. It's somewhere in between. But these patterns are behavioral clues, anyways. The key to me is, 50% retrace, 100% rally, consolidation in a downwards channel. Combined that with on-chain metric (my favorite on-chain analyst is ecoinometrics), and I'm staying allocated. Not risking the chance of missing an early breakout, and, if it doesn't happen, the resulting rally will make up for it. Unless things turn bearish again. Never know. Just going off the chart, futures, and on-chain metrics for now. :)
nhill Member	Mon Nov 01 17:53:26 http://ecoinometrics.substack.com/
Nimatzo iChihuaha	Mon Nov 01 20:31:05 ^Good link.
jergul large member	Tue Nov 02 04:52:20 I said something astute in the nhill is an idiot thread.
Nimatzo iChihuaha	Tue Nov 02 05:58:22 ”Nimatzo iChihuaha Thu Oct 28 05:00:52 Jergul I hope you are reading here, I am not bumping the other thread. "Crypto is less of a scam than capitalism. Possibly." We'll take it and appreciate the honesty. There is no telling how this will end, but it looks very promising as a way of upending the stupidity of this current paradigm. Look at it like this, game theory was discovered after the economic order was already set. It was like, oh look there are game theoretical dynamics in markets and capitalism, interesting. This time, game theory of good incentives is being coded into the system. You can't fix up a house forever, you need to build a new one eventually, preferably in parallell before the old one collapses and allow for a painless and smooth transition.”
Nimatzo iChihuaha	Tue Nov 02 06:27:39 jergul large member Tue Nov 02 04:51:35 Just look at crypto as the currencies of nations. Squid game is obviously Zimbabwe. I am sure we could disagree over them being currencies, there are for sure blockchain tokens that are attempting to be currencies, but there is so much more. But that is less important because your analogy is spot on. However I think most people do not know the Zimbabwe dollar is pegged against the USD, the largest scam in the world.
nhill Member	Tue Nov 02 08:42:34 Well said. USD is such a big scam that a scrappy little decentralized alternative concept has managed to equal the market capitalization of nearly 3 trillion of those US Trash Tokens. I admire USD's utility and persistence though. If you're curious the implications of this giant scam in which the entire world has been caught, here you go: http://wtfhappenedin1971.com/
Nimatzo iChihuaha	Tue Nov 02 09:52:16 The great decoupling! Have you listened anything to Eric Weinstein?
Nimatzo iChihuaha	Tue Nov 02 10:28:37 Started from the bottom now we here. 4500$ ETH :,)
nhill Member	Tue Nov 02 10:31:13 Eric Weinstein is one of my favorite thought leaders. Love the way he thinks, particularly about the flaws with CPI that hide real inflation. Price discovery time, everyone party!
Nimatzo iChihuaha	Tue Nov 02 11:36:15 ”Eric Weinstein is one of my favorite thought leaders.” Well it’s official, we are brothers from different mothers. You know I was going around thinking of bringing it up, but crypto keeps getting in the way of everything else.
nhill Member	Tue Nov 02 15:10:12 > we are brothers from different mothers Wanna go do karate in the garage? :D http://www.youtube.com/watch?v=3-ZUDtaGf3I
nhill Member	Tue Nov 02 15:15:04 $GAIA token launch was a mess today. They've got a long way to go. I put in a tiny bag, around $100, just to stake a position in my wallet (paid $0.95). But their tokenomics are increasingly vague and they fuked up 4 different launches, lol. They did a 2 startup launchpad launches, an airdrop launch, and a DEX launch. Someone front ran their DEX launch and seeded the liquidity at a market cap of trillions of dollars. So anyone that bought before that was fixed pretty much lost everything. One guy bought 0.9 $GAIA for 10,000 $MATIC. Oops. It's a new project so I'll give them time to let the dust settle. But I'm no longer excited about them. Just something to keep an eye on at this point. GameStation is another one I put a tiny starter stake into. I'd be fine if both were rugged, it's basically pennies in the couch. I mainly bought them so they'd show up in my wallet and remind me to check up on the projects.
nhill Member	Tue Nov 02 15:22:45 Insurance coins, privacy coins, and gaming coins are my exploratory positions right now. I'm most confident in the privacy coins (hence the theme of the thread). Alt L1s and reserve currencies are still big positions of mine that I expect to appreciate. But when it comes down to the next 10-100X coin, I'm feeling insurance, privacy, and gaming.
nhill Member	Tue Nov 02 15:30:45 It's $TIME for new all time highs in the Wonderland. ( ͡° ͜ʖ ͡°)
Rugian Member	Tue Nov 02 15:37:51 "USD is such a big scam" He says, as he promises 10,000% annualized returns in a market that has no rhyme or reason whatsoever to its value swings. Nimatzo, do yourself a favor and get out of this business before nhill sells you on whatever pump-and-dump investment he's building up to recommending. (Congrats on your Squid payday though nhill :))
nhill Member	Tue Nov 02 15:46:21 Thank you, Rugian. Shame you didn't join me, we could be in the Caribbean sipping Don Julio 1942 together. I'll drink an extra glass just for you tonight. :)
nhill Member	Tue Nov 02 22:59:05 http://forum.olympusdao.finance/d/287-support-ohmieswap/58 Interesting proposal to the DAO. I voted 'gmi'.
Nimatzo iChihuaha	Wed Nov 03 02:35:22 That is interesting, together with the Olympus Pro service, the DAO is building and expanding an entire ecosystem on top of OHM. Brilliant. Also notice that OHM price has barely moved as everything else is pumping. :) "Wanna go do karate in the garage? :D" This is getting scary, but I did get a mental reference from the Step Brothers movie when I wrote that post.
Nimatzo iChihuaha	Wed Nov 03 06:38:31 Rugian, my guy is wicked smart (best said with a deep Boston accent), he takes pride in finding technically useful and unknown protocols and chains, make his bet publicly and then tell you I told you so. He has a proven track record in this domain, of that there is no doubt. I personally have no doubt that this technology is not only here to stay, but will eventually change all of finance and even the web. But instead of just aping everything Nhill says, I have made sure to keep asking about the >how<, where he gets information from and how he thinks. He has spent so much time explaining stuff and given me quality non hype/BS sources for information and pointers. I am paid subscriber now of financial information at a place called hedgeeye because of Nhill, because I vented frustration about living in a cryptobubble where every body keeps talking about going TO DA MOON! Hedgeeye is 99% ordinary macro economic trend analysis of stocks, funds and commodities, 1% crypto.
Nimatzo iChihuaha	Wed Nov 03 14:41:08 Kucoin listed $TIDAL. I will buy it from there, otherwise the only way was uniswap on ETH or an unofficial pool on gate.io Look at OHM. Some massive sell volumes, but the price barely dropped.
Nimatzo iChihuaha	Wed Nov 03 14:55:10 $TIDAL will also release a pool on Polygon, no info about which platform yet.
nhill Member	Wed Nov 03 16:08:25 < Also notice that OHM price has barely moved as everything else is pumping. Check #1 complete. Now to see if it appreciates on a pullback. :) > That is interesting, together with the Olympus Pro service, the DAO is building and expanding an entire ecosystem on top of OHM. Brilliant. Yeah, I love it. $OHM is going to build a lot of momentume as more services are built on to of it. I wouldn't be surprised if it has its own blockchain at some point, and I love the bottom up approach (first make a great currency, then build the ecosystem around it) that is happening organically. Most tokens for blockchains are simply an afterthought (oh let's make a way for people to pay for transactions), so this bottom up approach could revolutionize the space. But I'm getting ahead of myself. ;) > This is getting scary, but I did get a mental reference from the Step Brothers movie when I wrote that post. lol, classic. > Rugian, my guy ... Glad to hear it has helped! People here seem to assume I have nefarious motives for some reason. I'm already set for life, as far as money is concerned, so not really sure the angle. I love the technology and want to give as many people a chance to see it before it becomes part of everyday life. I've made multiple people millionaires just explaining things and sharing my thoughts. Never for a moment did I want a cut. I'm happy for anyone that succeeds! > Kucoin listed $TIDAL. I will buy it from there, otherwise the only way was uniswap on ETH or an unofficial pool on gate.io Oh hmm. Well I do have a Kucoin account but it looks like the slippage is super high there. Lack of liquidity pretty much everywhere, even UniSwap. I wonder why? Gate.io has the best liquidity. Pretty sure I have an account w/ them but I hate having to use a CEX. Also sucks that they seeded liquidity on the v2 of UniSwap. The v3 has consistently given me better rates. But I think I'll buy a $1000 or so on gate.io to seed a position. Its market cap is still nice and small, these is opportunity hour. :D > Look at OHM. Some massive sell volumes, but the price barely dropped. It also coincided with a new ATH of Ethereum, so that's good!
nhill Member	Wed Nov 03 16:13:23 Another post full of typos, again. Oops.
Nimatzo iChihuaha	Wed Nov 03 16:44:55 Really digging OHMs approach. "Gate.io has the best liquidity" I got scared away with it not being official and a "buy at your own risk" on discord. http://www.youtube.com/channel/UCcJNmpgOE3CpqQls8UH1mRw You heard about this? Aurory, f2p play to earn game on Solana. Has not blown up yet like the rest of the Game/NFT projects. I am concerned about the diluted market cap being 10x the actual. Would be a total degen move :) 10x then sell it. I never ended up buying Atlas (it's been doing OK). I think having played games for my entire life and knowing that community, I am too colored by it. I know what a coin toss a new games are and these market caps associated with games, with not a single player or a functioning economy, mental. But gaming is still happening in this space, so what about Ultra $UOS. They are trying to be the Steam of NFT and crypto games. That would be like a crypto game Index of some kind. Already in full swing however.
nhill Member	Wed Nov 03 18:18:23 I hadn't heard about it! But yeah, I agree that gaming is also the most risky part of the space, especially these pre-launches. The industry can be rough. I'm still waiting for a big AAA studio to announce a game built on crypto infrastructure. It makes too much sense for it to not happen. But we go back to my original thread months ago: the only thing holding crypto back is the user experience. Setting up and using a crypto wallet is just not intuitive. Perhaps a generation growing up crypto native will make it a non-factor, but I'm of a mind that we need a better user experience. The problem is the age old one: the more secure something is, the more inconvenient it is to use. That applies everywhere... digital or not. But is especially important with crypto since you are 100% in control (and therefore 100% to blame if you lose everything). Insurance plays a big part in this. Some type of walled garden crypto wallet with built-in (and decentralized) insurance that allows you to interact with whitelisted protocols. We're getting there, but I digress again. :) Gaming has the highest risk & reward right now. And it's the hardest to get right. Think of all the times you were excited for a game and then it launched as absolute crap. Now imagine if all that hype was priced into a crypto token... that's partly why I've stayed away from it too. I would have never guessed Axie Infinity would end up so popular after seeing the trailers and gameplay. One thing I've had an early stake in is $PMON (I forgot this was a game project, as it was initially more about NFTs), Polychain Monsters. I bought some in the middle of the bear market for about $4. Their game doesn't have many details, but I was thinking a pokemon style game would be huge on a blockchain.
nhill Member	Wed Nov 03 18:21:51 Star Atlas sounds compelling. It also sounds more ambitious than No Man's Sky. I'm skeptical of them being able to deliver. The token has performed well, and I think the MMORPG space theme has a lot of legs. I'm a bit jaded after watching No Man's Sky crash and burn, though. I don't really game that much (I tried the New World game by Amazon recently, but I simply can't devote enough time to stay engrossed in a game), but I still like to follow games and game development as it was a big part of my childhood. So I was fondly following No Man's Sky and excited for the launch even though I wasn't planning on playing it or buying it. :)
Nimatzo iChihuaha	Wed Nov 03 18:47:03 "Perhaps a generation growing up crypto native will make it a non-factor, but I'm of a mind that we need a better user experience." I have become slightly blind to it now, but it is terrible, down right scary when you start. There is no way for the masses to adopt this at any scale. I think LUNA has the right vision, at least in principle that user count is the most important metric. You can only get that by making it usable. Maybe 2024-2025 we start making progress in the usability department? "I'm still waiting for a big AAA studio to announce a game built on crypto infrastructure." EA and Ubisoft are on board, so it's on.
Nimatzo iChihuaha	Wed Nov 03 19:00:53 "I'm a bit jaded after watching No Man's Sky crash and burn, though." It is actually the only game I know of that has managed to recover after a disastrous launch. The developer owned it, apologized and delivered all the promised functions in subsequent updates. So the developer is actually back in good standing with gamers. It is just the nature of games, you fuck up the launch and by next week new games are released and attention has moved on. Brutal turn over. Then you have something like Star Citizen, that has been in development for god knows how many years, they are developing the universe planet by planet and people have been buying ships and paying for item all that time, happily mind you, throwing money at it and the game is slowly being developed. Two outliers in a sea of ruin.
nhill Member	Wed Nov 03 21:55:46 Right, that's a good point. No Man's Sky had a great redemption story. I even bought it this year to see how it played and really liked it. My point with No Man's Sky was this: imagine the equivalent if there was a token attached to it? It'd crash hard, probably around 80%. But, to your point, it would have had a $TOMB-like recovery and ultimately rewarded those that bought the bottom like us. :) Not gonna deny $TOMB was a huge win for me, it jump started the next phase in my portfolio (it coincided with when I went fully bullish), as I had sold it for about 0.8 FTM, and bought around 0.35 FTM, and got a bunch of $TSHAREs around $400. $TSHAREs are over $8000 now, and $TOMB recovered peg. Forever grateful. But, it was a hell of a ride (had a very big position in it before the hack), and not necessarily one I want to take regularly. ;) I could see gaming having similar roller coaster rides. It'll depend on the devs if it crashes and burns, or makes an epic recovery. I guess what I'm trying to get across is the unpredictability makes me uneasy. I can read DeFi code, Privacy Coin code, and Insurance Coin code. But I can't read gaming code because it's always closed-source. So I feel out of my element here. But still, it's part of this beautiful digital future being created, so I'm in on it!
nhill Member	Wed Nov 03 22:04:27 "nhill Member Tue Nov 02 15:30:45 It's $TIME for new all time highs in the Wonderland. ( ͡° ͜ʖ ͡°)" You can bank this one now. :D
nhill Member	Thu Nov 04 01:40:44 ETH down, OHM up. Check #2 passes. Things are looking good!
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