Utopia Talk / Politics / The financial revolution continues

Nimatzo iChihuaha	Wed Nov 24 18:08:17 Previous thread http://uto...hread=88812&time=1637779088312 Anyways, you were telling me about how predictable FTM swings where :)
nhill Member	Thu Nov 25 00:41:52 I'll make a chart soon. :) But its pullbacks are steady and easy to trade relative to other coins.
Nimatzo iChihuaha	Thu Nov 25 09:46:01 Wow, totally missed that OHM bonding mechanism was exploited the other day, someone managed to get massive discount and got away with 1697 ohm instead of 59. Not a huge deal allegedly the treasury was safe they say, but too close for comfort. You know every time Debank bugs out a little and things mysteriously disappear for a short time, or when I fail my metamask password twice in a row, my heart sinks.
nhill Member	Thu Nov 25 17:01:14 Treasury may be safe, but I'm sure those OHMs will get dumped on the open market. Thankfully OHM has deep liquidity-- that much OHM will only move the price ~0.25%. But, still, not a good sign. More carelessness from the dev team.
nhill Member	Fri Nov 26 07:45:50 Black Friday sale! ;)
Nimatzo iChihuaha	Fri Nov 26 07:56:42 hehe :) I sold my Good guilds gaming for 100% yesterday. See I thought I saw text book example of Elliott waves on the way up. Makes 100% sense since the wave theory is all about psychology and so are most crypto gaming projects and GGG is in the initial launch hype phase :P http://www.tradingview.com/x/hZ77YWZW It should have posted this yesterday, it would have been more "brag" worthy, but all those waves including A where there yesterday :) Lucky first attempt :P
nhill Member	Fri Nov 26 09:27:41 Nice one! I've seen a lot of success with Elliott waves in crypto. Glad it's working out for you. I'm still in passive mode for now. :) I'll take out profits through my process but been on the road too much for active trading. He has an annoying personality, but Philakone is the best Elliot wave trader I've seen: http://twitter.com/PhilakoneCrypto
nhill Member	Fri Nov 26 09:29:06 Note, I haven't joined his discord group or used his courses, but I have followed him for a couple years and verified his setups. He's legit. I imagine his courses and discord would be good resources, but I can't vouch for it.
Nimatzo iChihuaha	Fri Nov 26 11:27:51 Always appreciate good sources for knowledge, thanks :)
Average Ameriacn Member	Sat Nov 27 03:11:09 NUCCULAR COIN!!!! http://asi...azakhstan-toward-nuclear-power BISHKEK -- A surge in cryptocurrency mining is sparking electricity shortages in energy-rich Kazakhstan, driving the country to consider nuclear power. Since China moved to shut down bitcoin mining in May, waves of digital currency miners have migrated to Kazakhstan, propelling the country to second place behind the U.S. in global cryptocurrency production. Kazakhstan's share of the world's hash rate -- a measure of how much computer processing power is used to mine cryptocurrency -- has increased to 18.1%, according to the latest data from the Cambridge Centre for Alternative Finance. That is a fourfold rise from the previous year. This was partly by design: The country created a mining-friendly environment by establishing a legal framework for the industry in July 2020, and is keen to reap the financial benefits. The legislation coupled with an excess of energy made Kazakhstan a prime destination for companies relocating from China. The problem is that cryptocurrency mining sucks up enormous amounts of power. In a normal year, energy consumption grows between 1% and 2% in Kazakhstan. But so far this year, there has been "abnormal growth" of around 8%, or around 1,000 to 1,200 megawatts, according to Murat Zhurebekov, the country's first deputy energy minister. In October, the Kazakhstan Electricity Grid Operating Company (KEGOC) partially blamed an outage at three power plants, including the country's largest facility Ekibastuz-1, on increased demand from digital mining companies. With the crunch has come a dawning realization that tough decisions on energy production are likely required to keep the bitcoins flowing. President Kassym-Jomart Tokayev put the nuclear option on the table last Friday at a meeting in Almaty. "Looking into the future, we will have to make an unpopular decision about the construction of a nuclear power plant," he told bankers. Nuclear energy may seem like a natural fit for a country that produced a leading 41% of the world's uranium in 2020, based on data from the World Nuclear Association. But atomic power is particularly contentious in Kazakhstan, which stills bears the scars of Soviet-era weapons testing. According to a report in Nature, the Soviets conducted 110 aboveground tests at a Kazakh site from 1949 to 1963, before moving the explosions underground. Local health authorities estimate 1.5 million people were exposed to fallout. Kazakhstan's only nuclear power plant closed in 1999, and talk of building a new one has consistently prompted pushback. Tokayev has floated the prospect of returning to nuclear in the past -- citing "inappropriate phobias" -- but has also promised that public opinion would be taken into account, according to local media. Either way, the recent energy woes have brought problems in the sector into sharp focus. The International Energy Agency describes Kazakhstan as "a major producer of all fossil fuels," including coal, natural gas and the "12th-highest proven crude oil reserves in the world." Data compiled by Statista put Kazakhstan at No. 8 among the world's coal producers in 2020. But Kazakhstan has pledged to lower its carbon footprint, and coal still accounts for 70% of domestic power generation. Many of its plants date from the Soviet era and need regular maintenance and running repairs. For now, to make up for the shortfall, Kazakhstan has upped the amount of power it takes from Russia under an agreement that lets both countries tap into each other's national grids according to their fluctuating needs. The electricity is provided on noncommercial terms, but the recent spike in demand has irked Kazakhstan's northern neighbor. Talks are underway to fix a commercial rate for the increased power imports. KEGOC, meanwhile, is rationing the supply of energy to the 50 or so digital currency mining companies operating officially in the country. These taxpaying companies have agreements with the grid operator, but there are many more unregistered miners operating in a "gray area" who still face no restrictions on their electricity usage. These players have multiplied in recent months as the mining migration from China gathers pace. Reining in the gray miners is crucial for Kazakhstan's long-term energy security, according to Alan Dorjiyev, president of the Data Center Industry and Blockchain Association of Kazakhstan. From 2022, the state is introducing a new tax of $0.0023 per kilowatt-hour used by registered companies, so bringing in miners from the gray zone would increase the tax take. It would also make electricity needs easier to predict. For future miners, the authorities are weighing new legislation to limit any new operations to 1 MW of power per facility, with a national cap of 100 MW. Despite the challenges, cryptocurrency mining is a money spinner for the economy. The industry is predicted to bring in $1.5 billion over the next five years, with the state coffers set to benefit from $300 million in tax revenue. Kazakhstan remains an attractive destination for mining companies with its relatively low prices for electricity, a welcoming regulatory environment and untapped renewable energy potential, including hydro, solar and wind power. BIT Mining, a leading industry player that recently relocated from China, cited these benefits as it outlined its plans to construct a 40 MW data center in the country. Kazakhstan-based miner Enegix, which operates a 180 MW data center in the north of the country, is looking for its own solution to the energy shortfall. The company plans to harness river water to power its mining activities, ending its reliance on the national grid. While hydropower is being touted as part of the solution, other regions in Central Asia are threatened by falling water levels. After a long, dry summer, Kyrgyzstan is experiencing its own power shortages, with energy rationed to commercial interests. Bishkek is warning neighbors Kazakhstan, Tajikistan and Uzbekistan that its main reservoir may not have enough water to supply their needs for power generation and irrigation next year.
nhill Member	Sat Nov 27 16:18:56 The next 2 hours for ETH are critical...need this daily close to stay well green to secure the bullish divergences on the 1D chart. Otherwise, we could see some serious dumpage, all the way to ~$3300 I reckon (although the obvious supports usually get front ran so, $3500 is probably what'll happen in practice. If this daily closes green, I imagine we've seen the worst of it. Maybe another wick down to fuel a rally.
Nimatzo iChihuaha	Mon Nov 29 07:23:33 Not sure what the market is trying to do, but it looks bullish enough :) Rome is releasing today, I see there has been quite the pump since the date for released was communicated. Have you found anything relevant about the devs?
nhill Member	Tue Nov 30 13:42:58 So we're in a macro crypto theme of gaming and metaverse at the moment, it seems. I wasn't heavily allocated to it. Had some gems from cheap like $PYR & $TLM but, overall, not made much money as they were ~1% positions. I don't think the bubble has popped on this theme yet, but also don't feel like now is a good time to take up a position. Instead, I'm thinking about the next macro theme we're going to see in crypto. So far I have 3 bags where I've been accumulating: * Privacy coins (as I shared in the previous thread, eg $SCRT $DERO) * Web3 coins (like $BTT, $PRQ) * Audio/Video Streaming coins (e.g. $THETA, $XCAD) Privacy coins I think are going to be a natural rotation as people get more and more concerned about having their banking data accessible publicly. Web3 has started to take off conceptually, but hasn't had the same momentum that gaming & metaverse coins enjoy. Audio/Video streaming tokens are going to be a big decentralization push soon, IMO. For content creators, it's an additional revenue stream where they don't have to give Twitch/YouTube a cut, and, for content consumers, it gives them more ways to engage with their favorite influencers. $XCAD provides that, and $THETA powers decentralized video delivery. AFAIK the two projects are unrelated, but combined could be extremely powerful. What do you think are some upcoming themes?
nhill Member	Tue Nov 30 19:20:42 $API3 another interesting DAO token.
nhill Member	Tue Nov 30 23:03:17 Fully exited my $EXOD position for 232% profit. Bought the blood, but there's too much uncertainty and drama around the project. Gotta take profit it move it to greener pastures. $nICE-MIM LP on MorpheusSwap
nhill Member	Tue Nov 30 23:13:42 > Have you found anything relevant about the devs? Oh, somehow I didn't even see that post. Thought I've been talking to myself, lol. :) I haven't been able to pull up anything on the Rome devs. Strictly anon. Closed source code. No GitHub. I'm still on the sidelines for this one.
nhill Member	Tue Nov 30 23:19:22 Relatively speaking, of course :p I do some staked for the NFT program, but it's ~0.01% of my total crypto. Call these ones spy positions. It's mainly so I can see it in my wallets. But it looks like an OK degen play.
nhill Member	Tue Nov 30 23:24:17 Klima had a super FUD cycle. Oh well. I'm well above break even still, though, thanks to the rebases (I was late and bought around $1200). Thankfully that's compounded to make the current price $1,768 for my time of entry.
jergul large member	Wed Dec 01 02:41:41 Which of the following do you recommend: Binance, Bitstamp, Coinbas, Elecrum? :D
nhill Member	Wed Dec 01 02:55:27 Binance, overall, has the best liquidity of those 4, and a competitive selection of coins. You may find, however, that certain exchanges have high opportunity coins that Binance does not. Binance operate more on momentum, so you aren't going to see the 10-100X plays on there. These plays are more likely to go to 0 than 100x, but if you do enough of them it doesn't really matter much. ;)
jergul large member	Wed Dec 01 02:57:24 Would you characterise "accessing your bank information after being installed on your phone" a high opportunity cost?
jergul large member	Wed Dec 01 02:58:20 ":D" Usually carry meaning when I use it :).
nhill Member	Wed Dec 01 02:59:47 It can certainly complicate things. If you want to play on hardcore mode, simply start with investing in mining rigs.
jergul large member	Wed Dec 01 03:13:12 Been there, done that. In 2012 :D
jergul large member	Wed Dec 01 03:17:34 It is something that makes sense in the artic. Heat generation is useful 8 months of the year and electricity is often dirt cheap. The problem is mostly that I can't be assed. In addition to relatively rapid hardware development. Top-notch this year is meh the next :).
nhill Member	Wed Dec 01 03:55:26 It's relatively easy ROI, especially if you can disseminate the heat appropriately. Usually around 8-12 months to break even w/ the latest hardware, then it is pure profit from there. But the best part about it is you aren't KYCed.
nhill Member	Wed Dec 01 03:58:41 It's a manner of staking my territory in the metaverse. Little anon pockets of me all over the future fabric. Just waiting to pounce. =P
Nimatzo iChihuaha	Wed Dec 01 07:21:52 Good to see new old faces in here. Everyone has their take and their angle, can be very valuable. I agree Binance is the best CEX to start from. Easy enough to get on the DEXes from there. You have to live with Binance suspending withdrawls on every token you intend to withdraw, they day you decide to buy and withdraw it... all the time. Which is hear is largely because the reserves for those tokens are nearly depleted on Binance at times. Nhill Speaking of themes, while I have come across those you mention, I have not see anything broadly myself. I am very much mired on the financial side, lately been looking at the financial services popping up on Terra. Things like Kujira, White Whale but also the metaverse stuff that is emerging there. That is where I am ;) Jergul which "scams" are you participating in? ;)
nhill Member	Wed Dec 01 14:01:29 Fresh Blood! Come here jergul... tell us about your favorite ponzi schemes. ( ͡° ͜ʖ ͡°)
jergul large member	Thu Dec 02 03:31:10 Tied up in property right now. The oldest of ponzi schemes :D. Next year I figure on flipping to stocks downstream of your stuff. The timing is right I think.
nhill Member	Thu Dec 02 15:21:30 Good choice! I did it in the inverse...explored the Cryptoverse for a couple years and then used some of the profits to buy physical land and invest in the stock market. But, on a long enough timeline, I'm sure either strat will work out. :)
nhill Member	Thu Dec 02 16:23:32 Nim, DeFi Kingdoms has a nice bull flag formed and might pop on news of moving to another chain. (now $7.8438) :) http://nomics.com/assets/jewel2-defi-kingdoms
nhill Member	Thu Dec 02 18:37:28 Also, Wonderland liquidated their $AVAX treasury in favor of $MIM, and is plan on converting it to $MIM liquidity. This is a great move, and what I was waiting to see from $TIME. Now it's no longer a leveraged $AVAX position and can operate as a reserve currency. That, combined with the fact that $OHM has a history of sloppy development, have flipped my reserve bags. I'm switching to $TIME as my core position over $OHM (sold a bunch of $OHM to buy $TIME today).
nhill Member	Thu Dec 02 18:37:44 Source: http://twitter.com/danielesesta/status/1466438493614362638
jergul large member	Fri Dec 03 00:17:53 nhill I meant investing in listed electricity producers (hydro). Its a no brainer really. Production costs are 4 cents a kw/h.
nhill Member	Fri Dec 03 01:01:52 What sort of investment vehicle?
jergul large member	Fri Dec 03 02:35:12 Stocks
Nimatzo iChihuaha	Fri Dec 03 08:15:37 Nhill Good call on DeFi Kingdoms :) did not get to read it in time though :( OHM has not been a great fit for my bags as it turns out, basically it is the only stuff I have on Ethereum and the gas fees have kept me away from adventures there, meaning my OHM is just sitting there, never going to be used as liquidity. So the idea of retiring it has crossed my mind for the above reasons alone. My TIME has since long ago ballooned out of proportion compared to OHM and I added my AVAX to it as well. I will most likely retire OHM as well. Jergul Funny enough, there is Terra project where investing in the tokens, means you are investing in different properties :) http://terraland.io/home
nhill Member	Fri Dec 03 09:35:23 jergul Okay, neat. I assume healthy dividends? Most utility stocks here provide decent revenue sharing. Nim Was one of those right place, right time things. Someone mentioned the protocol expanding to Avalanche and I saw the bull flag on the daily chart. Seemed inevitable so I beefed up that bag. DeFi Kingdom is a kinda fun game. But right now you need to buy a character for like $500 so it’s not very accessible. After to buy a character you can pimp it out for around $50 a pop to let other people use it to breed. The project overall is quite interesting. Basically built a game on top of a DEX, so the farm token has more utility. I’m on the JEWEL-ONE LP.
Nimatzo iChihuaha	Sat Dec 04 06:15:16 2.5 billion USD in liquidation. Save us Jesus!
nhill Member	Sat Dec 04 09:47:56 More blood for the blood God!
nhill Member	Sat Dec 04 09:58:12 Imagine being allocated to BTC instead of ETH right now. :S
Nimatzo iChihuaha	Sat Dec 04 10:58:57 What is your long trend macro anlysis? Macroshow is prepping for quad 1.
Nimatzo iChihuaha	Sat Dec 04 12:24:16 Things are different this time. BTC lost dominance and as you point out, ETH has gained considerably on BTC.
Nimatzo iChihuaha	Sun Dec 05 05:26:48 Well, happy I own LUNA and that I didn't sell as I was thinking of doing at 54 or at 64 =) I sold 1/3 at 74. Was planning to reallocate my LUNA into the rest of the ecosystem. Have you looked at the Terra attempt for a reserve currency? It has a significant difference, in that it is suppose to be fully elastic. The number (of token) don't just go up, it also go down, every 24 hours it is recalculated. http://alteredprotocol.com/ We want money to be elastic, fully elastic and not just towards the downside. What you think?
LazyCommunist Member	Sun Dec 05 15:01:27 Thieves vs scammers http://mob...art/status/1467316252855226368 1/3 We have identified a large-scale security breach related to one of our ETH hot wallets and one of our BSC hot wallets. At this moment we are still concluding the possible methods used. The hackers were able to withdraw assets of the value of approximately USD 150 millions.
nhill Member	Sun Dec 05 20:23:00 > What is your long trend macro anlysis? Macroshow is prepping for quad 1. Quad 1 is my expectation also. It'll be interesting to see how crypto responds to the dollar deflating during economic growth, but ultimately I suspect it'll be a positive response. Despite all the inflationist scares, the dollar has been increasing in value relative to other currencies since June, and crypto hasn't been highly correlated with it. Lots of institutions have been gearing up for more crypto exposure. > Have you looked at the Terra attempt for a reserve currency? It has a significant difference, in that it is suppose to be fully elastic. The number (of token) don't just go up, it also go down, every 24 hours it is recalculated. No, I haven't! I have seen this concept of an elastic token before, but never fully took the time to understand the implications of it. What do you think about it? > We want money to be elastic, fully elastic and not just towards the downside. What you think? I haven't researched it enough to be confident in my assessment, but my gut tells me that having the ability to both inflate (e.g. $OHM or yield farms) or deflate (something unique to elastic tokens) is a powerful tool to wield in monetary policy, and has a lot of potential in the right hands. The question is who is able to wield such power properly. :) This altered protocol seems to peg itself to $UST, and has an intrinsic dependency on fiat. Not sure if they have plans to go beyond that, but ideally a crypto-native reserve currency would decouple itself from fiat (to be fair, $OHM and its ilk often also have a dependency on fiat, so maybe your horsepower analogy is apt and crypto will always use fiat value as a measuring stick..).
Nimatzo iChihuaha	Mon Dec 06 06:41:02 "What do you think about it?" The idea sounds interesting, but this is uncharted water, while my own frame of references is limited in this domain, I think it applies collectively: we have never had elastic money that goes both ways. It is difficult to imagine how it will play out. I support the experiment though :) "The question is who is able to wield such power properly." A decentralized autonomous bank, a DAB :) even if we need a "central" bank, does it need to be centralized? I think there is at least currently a limit to how much you can code into a smart contract. We don't know what disasters the future will bring, even if it is possible to code it, we just wouldn't know what the parameters are. Automation works if nothing out of the ordinary happens. So, lately I have been thinking along these lines, if we can not automate everything, maybe we can automate when the key turns from smart contracts to Powell. A turn key decentralization/centralization of central bank authority. Do I make sense?
Nimatzo iChihuaha	Mon Dec 06 06:44:47 Maybe it doesn't need to be an automated turn key, but semi automated, conditions met -> trigger voting in DAB governance to turn over monetary policy to human. I am thinking out loud :)
murder Member	Mon Dec 06 08:33:06 "1/3 We have identified a large-scale security breach related to one of our ETH hot wallets and one of our BSC hot wallets. At this moment we are still concluding the possible methods used. The hackers were able to withdraw assets of the value of approximately USD 150 millions." Apparently it's more than that. It's funny every time something like this happens and you see people on social media complaining about not being able to access the fake money they bought with real money ... and wondering if they've gotten scammed. :o)
nhill Member	Mon Dec 06 20:57:10 This isn't necessarily related, but is tangentially wrt to my "The question is who is able to wield such power properly.". One problem with decentralization is it has to be done very delicately otherwise it simply reflects centralized institutions, because each governance token counts for votes. You can't really get around that (as people could simply make infinite wallets) without centralizing identities (perhaps through an oracle?). So if Goldman Shits decided to run policy for the DAB, they would be able to if enough governance tokens were on the open market. These problems are solvable with the right structure, but, as I said before, what protocol will come up with that balance? I haven't seen any protocols come close yet.
nhill Member	Mon Dec 06 21:38:27 "Apparently it's more than that. It's funny every time something like this happens and you see people on social media complaining about not being able to access the fake money they bought with real money ... and wondering if they've gotten scammed. :o)" That happens if you run through centralized exchanges. Man up and go full crypto, or go home!
nhill Member	Mon Dec 06 21:44:16 http://www.coingecko.com/en/coins/boringdao Small cap I entered today. It's great if you have limited funds, as there isn't deep liquidity anywhere yet, but the product has a lot of potential. Entered through the BORING-ETH LP on OolongSwap. Obviously I couldn't buy much without slippage, and DYOR, as my SwapperChan play is down around 70% right now. But I'm accumulating still. I think the code and developers are good and will develop use cases to make my time here worthwhile. When I enter a 1% position like this (small cap gem), I keep it at 1% of my portfolio. So if it goes down 60% like this, I generally DCA back to 1%. I've recently found out that people have been tracking a few of my wallets, as anything I buy ends up pumping and dumping on 2 of my hot wallets. Gonna have to make new trading wallets and leave some in cold storage.
nhill Member	Mon Dec 06 21:47:22 IDK if it's people tracking my wallets or algos, but, either way, it's pretty bad. Multiple times I bought and a low volume coin pumped over 30% and then dumped below entry. People want my wallets to be their alpha, but I don't support blind allocations, so they going to be in for a surprise when a few of mine go cold. ;)
murder Member	Tue Dec 07 07:30:40 I'm sorry for bringing more trash into this thread but ... ----------------------------------- MyCryptoWallet Collapses and Leaves Bitcoin Traders Stranded: Report It's unclear how much money has vanished for users of the site. ByMatt Novak - Today 6:00AM MyCryptoWallet, an Australia-based cryptocurrency exchange that allowed users to buy and sell coins like ether and bitcoin, has collapsed and left users without access to funds, according to multiple reports. The company called in a firm called SV Partners on Friday to liquidate what remains of the exchange and deal with creditors, according to the Australian Financial Review. MyCryptoWallet, founded by 28-year-old Jaryd Koenigsmann in 2017, previously claimed to have 20,000 users, though it’s not clear how many people may have actively had money in the exchange when it collapsed. It’s also unclear how much money disappeared for users and whether they’ll ever see that money again. But let’s just say it’s not looking good. The cryptocurrency industry in Australia is largely unregulated, much like in the United States. But if you take a look at MyCryptoWallet’s website, there’s a curious claim made in the bottom right-hand corner. A little emblem appears that reads, “Secure. Regulated. Insured.” Those claims all appear to be lies, as best as Gizmodo can tell. SV Partners plans to issues its first credit report on the company on December 17, which should provide more information about what’s under the hood, according to Australia’s ABC News. Many politicians in Australia have called for the crypto industry to be regulated, but that regulation would come too late for users of MyCryptoWallet. There were several signs that MyCryptoWallet was not doing well over the past year. Users were often unable to access their bitcoin, according to a report from the Sydney Morning Herald in April, though it should be noted that’s an extremely common complaint in the world of crypto. Consumers who use Binance, for example, have filed complaints with the Securities and Exchange Commission several times alleging that Binance allowed them to deposit money, but not take any out. From the Sydney Morning Herald back in April: ********************** Toni Walker, a 63-year-old investor who bought $1500 worth of cryptocurrency on MyCryptoWallet over the last four years, said she wanted to withdraw her funds earlier this year when they had doubled but was unable to access the exchange. “I would welcome the chance to get my funds back, but I don’t have a good feeling about it,” she said. ********************** MyCryptoWallet did not respond to a request for comment early Tuesday. The price of bitcoin has plunged in recent days, with the price dipping to roughly $45,000 over the weekend. The price has recovered a bit early Tuesday, hovering around $51,000 but still quite a ways from a recent all-time high of over $68,000 on November 10. http://giz...bitcoin-traders-str-1848171247 Oopsie!
murder Member	Tue Dec 07 07:32:39 "Consumers who use Binance, for example, have filed complaints with the Securities and Exchange Commission several times alleging that Binance allowed them to deposit money, but not take any out." I'm sure that's going to turn out well too. lol :o)
nhill Member	Tue Dec 07 10:30:21 Silly people need to stop relying on centralized exchanges. OGs learned this in 2014 with Mt. Gox. If you don't own the private key for your coins, you don't own shit.
Nimatzo iChihuaha	Tue Dec 07 10:56:05 Nhill "it has to be done very delicately otherwise it simply reflects centralized institutions" Yes, it is something intrinsic to all parts, from how the tokens are distributed on launch to the kind of consensus mechanism that is used. It is a difficult one to get correct. It makes me be somewhat sympathetic to the BTC maximalists and them holding on to BTC's PoW. I think the world will come full circle on the energy usage there, because it ultimately makes the energy markets more efficient, I said it months ago in a discussion here on UP, but now I hear it from electricity producers in Sweden. "without centralizing identities" There are already a few projects doing this, Verus and another one I forget the name of now that I have heard of. Maybe I don't understand what you meant. "and DYOR, as my SwapperChan play is down around 70% right now." Many positions entered in the last few weeks are under water. I have sort of become more fearful as things have gone on to deploy more cash, entered back into my full LUNA position DCA around 63 USD. But I got scared and did not enter back into my MATIC that I sold at 2 USD and now that rocket has left me behind :,( "I've recently found out that people have been tracking a few of my wallets" Wow, I speculated that this could happen, but this is the first confirmation I have of it. I don't understand why though, you would be just some random wallet. What am I missing? Didn't we talk about Fantohm? The reserve currency on FTM. Maybe I am confused because there are so many OHM forks that we have spoken of... It looks like a serious project, lol my face when I heard one of the people attacked to the project name himself as "Nhill", but I looked it up and he was not you, he spells it "Nil" and he was on their market and advertising side. Or is it... hmm Anyway they just recently became crosschain branching on to Moonriver. What with Exodia being so full of drama I am thinking about it. It has developed healthy since launch on a good trend, has a market cap around 5 million.
nhill Member	Tue Dec 07 10:56:14 And, yes, murder, you're very cute for calling crypto tokens "fake money". Slow clap. ;) Most crypto isn't money at all, nor is it even attempting to be money. The vast majority of DeFi tokens represent the utility and value of the underlying protocol, rather than a currency. We don't have the proper nomenclature for it yet, but it's a cross between a collectible and a stock. Sometimes more of the former, and other more of the latter. For example, $JEWEL. It's the token behind a crypto exchange and game called DeFi Kingdoms. Like any exchange (crypto or otherwise) it takes a fee for each transaction. You can deposit your $JEWEL to gain a cut of that revenue, similar to a dividend earning stock. Or you can take that $JEWEL and buy items in the game (like an in-game currency for World of Warcraft). So you can use it for collectibles, or revenue sharing, or both, or neither. It's not money at all, nor does it have any auspices to attempt to be so (other than as an in-game currency). :)
nhill Member	Tue Dec 07 11:26:49 "Yes, it is something intrinsic to all parts, from how the tokens are distributed on launch to the kind of consensus mechanism that is used. It is a difficult one to get correct. It makes me be somewhat sympathetic to the BTC maximalists and them holding on to BTC's PoW. I think the world will come full circle on the energy usage there, because it ultimately makes the energy markets more efficient, I said it months ago in a discussion here on UP, but now I hear it from electricity producers in Sweden." Agreed. PoW and a predictable + mostly immutable monetary policy is a big upside of Bitcoin. It could play a bigger role in the future as people come to appreciate it and the wacky tokenomics some of these projects have. I don't have any dislike or hatred towards Bitcoin, but, in this phase of the market, I think it's silly to hold if you have other options (some people and institutions only have access to Bitcoin though). "There are already a few projects doing this, Verus and another one I forget the name of now that I have heard of. Maybe I don't understand what you meant." You understand perfectly! There are definitely projects working on this, but, so far, I have yet to see them be integrated into a governance structure. Then there's always a question of whether or not Joe with 3 $DAB should have an equal vote to Jane with 3,000,000 $DAB? There's merit towards giving extra influence to people with more skin in the game, but you want to balance that out with hostile takeovers. A logarithmic structure with ID verification seems ideal to me. "Many positions entered in the last few weeks are under water. I have sort of become more fearful as things have gone on to deploy more cash, entered back into my full LUNA position DCA around 63 USD. But I got scared and did not enter back into my MATIC that I sold at 2 USD and now that rocket has left me behind :,(" Same. I've been waiting for the waters to settle before deploying more reserves. The best move I made was selling all my $PYR around $44, and then rebuying at $25. Was able to secure profits and almost double my holdings, and now I'm up 12% on my second run. I was nearly fully allocated for a bit there when the bullish divergences hinted a full reversal, but have since beefed up the stables to 30%. I'm fine with missing some upside by securing some profits. "Wow, I speculated that this could happen, but this is the first confirmation I have of it. I don't understand why though, you would be just some random wallet. What am I missing?" There are ways to track performance of wallets, and some of mine are absolutely mental. My craziest wallet turned $2000 of seed money into over $300,000 in the past 4 months. That's the one people are tracking now. I think it probably got caught up in some algo and now people are copy trading it. Every time I make a new move on it, there's huge volume spikes and pumps. Technically it's possible that someone followed it on Debank or Zapper and decided to copy it manually, but my suspicion is an algo. Hard to know for sure, but it's annoying. At first I thought I was just getting super good at timing things, but I've reproduced it over a dozen times now and there's spikes within minutes whenever this wallet moves into a new position. Too much evidence for coincidence at this point. "Didn't we talk about Fantohm? The reserve currency on FTM. Maybe I am confused because there are so many OHM forks that we have spoken of... It looks like a serious project, lol my face when I heard one of the people attacked to the project name himself as "Nhill", but I looked it up and he was not you, he spells it "Nil" and he was on their market and advertising side. Or is it... hmm" I'm out there devving, but, being mostly in the USA (I have dual citizenship), I have to be careful not to run afoul of regulators. But I can tell you I'm not involved in Fantohm, as I don't think I've heard of it until now. The OHM clones on Fantom I've seen are Exodia and Spartacus. :) I'm almost burnt out on vanilla OHM clones at this point, though. http://doc...wa5DhevWWVY/edit#gid=230741205 here's a nice doc that tracks most of them. At this point, the only vanilla clones I'm allocated to significantly are $TIME and $WAGMI. $TIME we've covered, and I've mentioned $WAGMI before briefly. I've already been on ViperSwap for months and they are the team behind $WAGMI. Good community, and devs have a proven track record. Did you see $TIME sold the $AVAX from their treasury at the top, and then bought $ETH and $BTC for the treasury on a dip? They were all good trades and it's increased my confidence in the project. Also, it revises my mental model a bit. These $OHM clones are really about treasury management. So, essentially, I view them as decentralized (to various degrees) hedge funds. Basically the crypto equivalents of traditional funds, at least in part. :) What's cool is they can add additional use cases, so if $TIME continues to successfully manage their treasury AND release a popular game? It'd be insane. That's the cool thing about crypto-- you can continue to add value to the tokens from multiple disparate markets. e.g. how DeFi Kingdoms has mixed a basic roleplaying game with a decentralized exchange and, so far, avoided the predatory farming (farm and dump, move to next project) that most DEXes experience.
nhill Member	Tue Dec 07 11:31:14 BTW, Nim, re: gaming crypto. As you may notice, I've profited off $PYR recently. Bought around $4, sold at $44, rebought at $25. But why $PYR? :) My new philosophy in gaming tokens is to invest in *platforms* not games. :) Clever, huh? We know that games are a hit or miss, make it or break it industry. Moon or 0. But a quality platform that pushes out many games, such as Vulcan Forged? That distributes the risk of a flop and adds additional utility (the $PYR token is used in all the games on the platform).
Nimatzo iChihuaha	Tue Dec 07 12:06:28 "I have yet to see them be integrated into a governance structure." Yes I see what you mean, I have to be mindful to not frontrun reality :) "There's merit towards giving extra influence to people with more skin in the game, but you want to balance that out with hostile takeovers. A logarithmic structure with ID verification seems ideal to me." Agreed "$2000 of seed money into over $300,000 in the past 4 months" Sweet baby Jesus. Nice. Ok I see the reason why people would track other accounts :) "Did you see $TIME sold the $AVAX from their treasury at the top, and then bought $ETH and $BTC for the treasury on a dip?" Only when you mentioned that they sold AVAX, didn't know they bought ETH and BTC. "hedge funds" If they are ever going to behave as designed, we need a lot more adoption. But maybe that isn't the actual direction in which these project will develop, hedge fund, economic foundation for a game/metaverse, I am optimistically agnostic, like you I try to see the opportunity. "My new philosophy in gaming tokens is to invest in *platforms* not games. :) Clever, huh?" You remember I mentioned Ultra $UOS as the Steam of crypto gaming and recently I entered Good games guild (I sold for +100%, entered again in the dip), in fact for $GGG that was the only thing I knew, that it was a hub for gaming of some sort. So yes I think it is very clever :D great minds and all that jazz!
murder Member	Tue Dec 07 12:49:22 "For example, $JEWEL. It's the token behind a crypto exchange and game called DeFi Kingdoms." I know everyone's a critic, but wouldn't DeFi Casino work better? DeFi Kingdoms sounds like nerds scaring off the normies.
nhill Member	Tue Dec 07 15:10:01 There's already DeFi Casinos, look up Decentral Games :) This is a different market-- it's an RPG game. Here's a screenshot: http://mir.../1*_z6-TZy3DmEhyqdPjYRgyQ.jpeg Perhaps surprisingly, the casino protocol hasn't done as well. But it also speaks to the people actually using crypto on-chain. The average idiot going to a casino isn't going to figure out DeFi as easily as someone used to playing text-based strategy games, like, say, Utopia ;) I'm surprised more people here aren't into crypto. The whole thing is like Utopia on steroids with real life stakes. Building strategies, trying to out-trade people, etc. It's fun :D
Nimatzo iChihuaha	Thu Dec 09 11:54:31 Crypto exchange leadership testified before the financial committee. Do you get the feeling that crypto will become politicized?
nhill Member	Thu Dec 09 13:29:07 Oh hai Nim. I didn't see your response to all my points above. Oops. Thought you were ignoring my posts (but was totally fine with that, we all get busy or burnt out) :D Turns out I was ignoring your responses. ;) "You remember I mentioned Ultra $UOS as the Steam of crypto gaming and recently I entered Good games guild (I sold for +100%, entered again in the dip), in fact for $GGG that was the only thing I knew, that it was a hub for gaming of some sort. So yes I think it is very clever :D great minds and all that jazz!" Nice! I do remember you mentioning it. $YGG is another aggregator into which I've dabbled. Need to dig further into $UOS and $GGG. An interesting L2 I discovered this week is $METIS. It has an insanely low market cap (100M) for an L2 platform with all of its features: http://www.metis.io/ I'm skeptical tho. I discovered it from someone named @BillyBobBaghold shilling it hard on Twitter. Always wary of influencers backing coins. Never know when they are just trying to pump for their own exit liquidity. And the low market cap seems too good to be true. Apparently there was an investor unlock recently that was partly behind the recent -39% correction. But even prior to that it was really cheap. But, other than those nagging concerns, it seems like an absolute steal. The code is well-written and team is fully doxxed. The only weird thing I've seen is that apparently they reward $METIS to protocols on all transactions. Not sure how that works out in practice or if that's diluting the supply to the point of sustaining a low market cap. Still need to research more, clearly. I'm not taking a position, but it popped in front of me last night and I couldn't believe I had never heard of it. Too good to be true? Dunno. Have you heard of it? "Crypto exchange leadership testified before the financial committee. Do you get the feeling that crypto will become politicized?" It should be, really. Now that China has banned all crypto related activities and the crypto companies moved from China to the USA, one of the best things the USA could do in the trade war is fully back cryptocurrency and become a leader in the space. Of course, the crypto bros testifying were dangling the golden fruit in front of congress, "Imagine the US Dollar being the reserve currency of the metaverse". lolz. But who knows. Olympus has shit the bed. They can't claim to be the reserve currency of the future and constantly have sloppy errors and public spats. The model is here to stay, it seems, but I don't think it's enough to create a true crypto-native reserve currency. Perhaps a more professional team (maybe even $TIME) will clean up the loose ends and tie (3, 3) into a neat little package along with some enhancements. IDK. But there are like 40 OHM clones right now, so, other than $OHM being the original, I don't see any reason to continue giving them a big allocation. Keeping my original stake (which I bought around $500 in July but has rebased enough to triple even though the market price correct back to my entry). $TIME is also going through some pain right now. People are upset that they sold $AVAX without letting stakeholders know ahead of time or vote on it. Plus Daniele keeps having dick measuring contests with other protocols (he poked the beehive with Trader Joe yesterday), so people are naturally distancing themselves from him and his projects as he becomes a more polarized personality. I'm very pleased that he sold $AVAX at the top and bought $ETH and $BTC on the dip. They were great trades and managed the $TIME treasury very well. I'll probably load up again once it's done with this reactionary selloff (at this point I'm about 40% stablecoins from risk management moves...but 40% is still bullish...I'll go 90% stables if I'm bearish like last April) How are your ventures coming along? $LUNA has been a godsend. Thanks for getting me into that one!
Nimatzo iChihuaha	Thu Dec 09 17:26:12 Nhill Yea time is short right now, but if I post on UP, these threads are the ones I write in first :) I have not heard of METIS before! I will try to look into it :) I think geopolitically as you point out we already see it used in politics, but do you think it will become politicized domestically in the US, are there any signs of that, in terms of ideological influences on legislation? "How are your ventures coming along?" Skating by right now :P Have not had much time and spread that time on too many things, could have avoided far more of this correction. Patience game now :) LUNA is the one green candle in a sea of blood :,) funny because it was the astrological terminology that caught my attention making me go read more about it. Yea, I just liked the name :P
Habebe Member	Fri Dec 10 02:03:42 Off topic Nhill, I just realized we did know each other. In my messages back in 2009 we were talking about "demonic code" and hydro weed growing...hahaha lol
Nimatzo iChihuaha	Fri Dec 10 02:32:36 You bitches do hydroponics? #metoo
nhill Member	Fri Dec 10 02:33:20 Habebe Oh shit, you're right! Lol. I've been hooking you up for over a decade on torrents. ;) Nim > I think geopolitically as you point out we already see it used in politics, but do you think it will become politicized domestically in the US, are there any signs of that, in terms of ideological influences on legislation? I think corporate and financial service industry influence will win out. And right now it's in the best interest of everyone to fuck China. The tone has definitely shifted on the financial committee after the China ban. More trade war shenanigans, but this time it's to the West's advantage. But I get your point. There is going to be ideological influences, particularly banks that will want their cut. But I'm confident they are smart enough to profit off the transition from TradFi to DeFi, so I imagine their efforts will taper off over time. "LUNA is the one green candle in a sea of blood :,) funny because it was the astrological terminology that caught my attention making me go read more about it. Yea, I just liked the name :P" I've got a few little gems, but overall I'm down pretty badly right now. I've been travelling a lot and not doing much risk management analysis. I did play it well on the first dip, but this second one caught me offsides a bit. But things look like they want to reverse. $ETH looks like it's in an accumulation phase and could go bonkers on any rally. My prediction for $ETH would be $6000 by end of January. End of year is harder to predict. Either $5000 or $3300. But it's a bullish structure to me on high time frames, end of January prediction is going to be more accurate.
nhill Member	Fri Dec 10 02:33:50 > You bitches do hydroponics? #metoo Old hobby, but yeah!
Nimatzo iChihuaha	Fri Dec 10 04:04:33 Can't catch them all. I have been spreading thin over finding new crypto projects, finding new DeFi farms and macro/market which is challanging as it is! With wage slavery and pregnant wife at 50% capacity it is impossible. But! My portfolio is seeing higher lows :) so it is going in the right direction. I swear the god, I am shell shocked when I realize how little _actual_ time has passed, say since the last correction. It feels like a year, but it is actually weeks. Time just flows differently in crypto. I still can not understand that China gave away potentially what would have becone their major leverage on the future world economy by banning crypto. That manufacturing leverage is not going to last when everyone strives for more automation. I really liked Brian Brooks preformance in that hearing. He is exactly the kind of person needed to talk to regulators.
Nimatzo iChihuaha	Fri Dec 10 04:07:49 Hydroponics is a hobby of mine as well :) Started with a pot basil you buy from the store, it got infested with some pest, I started googling about how to deal with pests and strayed into, hydroponics as an alternative that minimizes the risk for pests. Went on to all kinds of salads, strawberries and leafy greens. What kinds of things have you grown?
Habebe Member	Fri Dec 10 10:44:47 I havn't in forever.Outside here we have two growing seasons per year, Sometimes three. I just did a basic garden.Tomatoes are a must, peppers and butter lettuce. Ive been more interested lately on growing mushrooms again. Id like to try growing lions mane. Chanterelle mushrooms grow wild all over the place down here.
nhill Member	Fri Dec 10 11:20:16 Habebe > Chanterelle mushrooms Lucky. These are delicious. We get them at CostCo when in stock and I love them sautéed. :) Nim "Can't catch them all. I have been spreading thin over finding new crypto projects, finding new DeFi farms and macro/market which is challanging as it is! With wage slavery and pregnant wife at 50% capacity it is impossible." How's the new kid? Able to sleep through the night? :) I remember those days with my first kid (my second one started sleeping heavy right away). That made time warp for me...lol. But crypto does move different. You can have a full cycle in week that would take a quarter or more in traditional markets. And the news/FUD is constant. Hard to filter. Finding projects is tough, too. With the OHM-fork trend it's insane. Got like 30-40 projects to choose from and it's hard to do due diligence on them all. Thankfully many of them are forked from each other so it makes the code review a little easier. But always trying to look out for a sneaky rug backdoor. > It feels like a year, but it is actually weeks. Time just flows differently in crypto. Heck the past two years have felt like a decade to me. Went from just playing around with crypto tech for fun to all of a sudden being a millionaire in net worth and having to deal with all the complications that come with it. I still haven't bought anything big other than a truck and RV (actually a fifth wheel trailer). My car is still a 2008 Mercedes that we got new and has 180,000 miles on it, for example. :) I prefer to lay low for many reasons. Only 2 friends and this forum even know I'm into crypto. When more distant friends, family, or acquaintances talk about it, I'll say stupid stuff like I bought a bit of Bitcoin on Robinhood but it's all a ponzi scheme. I say all this as food for thought, as you'll probably have to deal with this eventually if you stay down this path. Remember, big projects like OHM still only have seen under 100,000 wallets interact with it. Sometimes it may seem like you're late with all the movement in crypto, but it's definitely still early days! "I still can not understand that China gave away potentially what would have becone their major leverage on the future world economy by banning crypto. That manufacturing leverage is not going to last when everyone strives for more automation." I'm glad they did as it really helps incentive other govts to go all in on crypto right now. Eventually I'm sure China will do a 360, but it is mind-boggling that they'd give up their robust crypto economy. Especially since it was bringing in a lot of foreign money with all the mining operations selling to the globe. They'll regret this decision. Seems like it was forever ago that we were talking about El Salvador adopting BTC as its official currency, but that was only a few months! I was skeptical about it, but it seems to be working out for them based on all the public works they've funded with it. But it's hard to tell how much of that is PR and how much is really driven by their change of currency. Their volcano mining is still really cool, anyways. Wish I could tap into a big energy source like that. :D My electricity bills are crazy. > I really liked Brian Brooks preformance in that hearing. He is exactly the kind of person needed to talk to regulators. Same
Habebe Member	Fri Dec 10 11:46:58 Nhill, Same.I also like them in French onion soup.But yeah they just pop up all over the yard aftwr it rains.
nhill Member	Fri Dec 10 11:54:29 $JEWEL forming a very classic looking bull flag formation: http://www.tradingview.com/x/6TeSQMyN If the market recovers by the end of the year, it'll double from here easy. Otherwise it could go down another 50% from here before breaking out.
nhill Member	Fri Dec 10 11:55:50 "Nhill, Same.I also like them in French onion soup.But yeah they just pop up all over the yard aftwr it rains." Nice! Sounds delish. Love eating from mother nature. We raise quails and have a small garden, and it feels great eating 100% clean by making a salad from our garden with hard-boiled eggs and some meat from our quails. :)
Nimatzo iChihuaha	Fri Dec 10 12:56:46 "How's the new kid? Able to sleep through the night? :)" He is not due until mid feb! So.. this is still "ez mode". X_X But my he has taken a toll on my wife this one. Crypto as this emerging technology is really overwhelming. "I prefer to lay low for many reasons." If I was an animal, I would be a wolf in sheeps clothing. We think very much alike on many things, this one as well :) "but it's definitely still early days!" Indeed, I admit, it is easy to lose track of this because of the time warp effect. Massive corrections can feel like "the end". Gotta zoom out the time frame. The previously hodler that I was, did not experience it this way. I could go weeks or months before I check anything. "I'm glad they did as it really helps incentive other govts to go all in on crypto right now." Oh yea, don't get me wrong, but as you conclude, I think they will regret this. They gave up the digital gold mining industry! People will look back at this as a great historic blunder. "Eventually I'm sure China will do a 360, but it is mind-boggling" While it is difficult to predict the future, I think eventually it would be economic suicide for countries to not fully integrate and embrace crypto. It's like not having the internet, you can survive without it, but not thrive. "Salvador adopting BTC" I am optimistic, but also slightly surprised it has worked out so well, nothing bad has happened. "JEWEL forming a very classic looking bull flag" Mmm,I have actually been accumulating some $ONE to get on DeFi kingdoms and try it out. Thanks for the tip.
nhill Member	Fri Dec 10 13:34:18 "He is not due until mid feb! So.. this is still "ez mode". X_X But my he has taken a toll on my wife this one." Oh yeah, forgot it was a fetus. :) Some kids are easier than others, you may luck out. Like I said, my 2nd kid (male) was a breeze and still is. But my first kid (female) was a tough one. I was very poor back then and she didn't sleep through the night regularly for about 18 months. >_< But keep an optimistic outlook. :D "He is not due until mid feb! So.. this is still "ez mode". X_X But my he has taken a toll on my wife this one." Go team ;) "While it is difficult to predict the future, I think eventually it would be economic suicide for countries to not fully integrate and embrace crypto. It's like not having the internet, you can survive without it, but not thrive." Yep, I agree. It's like the SWIFT system right now. Being cut off from it is disastrous. http://en....nk_Financial_Telecommunication > Mmm,I have actually been accumulating some $ONE to get on DeFi kingdoms and try it out. Thanks for the tip. It's pretty fun. Right now you can buy and breed heroes and send them on quests. They come back with items you can sell (play to earn) on the open market or for gold (nothing to do with the gold yet). Still early days, but they plan on having land, exploration, combat, etc. And they ship updates frequently. Still relatively under the radar (literally, they aren't even listed on dappradar in the game section). They should be migrating to $AVAX soon, and to get the $AVAX currency you have to stake $JEWEL on Harmony One. Should cause some natural demand. It's an interesting product, as I mentioned. Most DEXes simply have tokens that slow bleed as mercenary farmers hop between projects. But people buy $JEWEL as the game's currency, and there's no doubt in my mind that they'll keep releasing features that create demand. It's kinda like an alternative version to DeFi 2.0, which more or less solves the liquidity problem through the $OHM bonding/minting paradigm. I actually like the game approach more, as it creates a unique product and value proposition.
nhill Member	Fri Dec 10 13:35:05 Oops the "Go teams ;)" was meant to respond to "If I was an animal, I would be a wolf in sheeps clothing. We think very much alike on many things, this one as well :)"
nhill Member	Fri Dec 10 14:00:44 For example with the play-to-earn. One of my heroes has found 2 Shiva Runes question that sell for $50 a piece on the open market. They have a 1% drop rate if you match your profession with the quest type, so I've been lucky (this hero has only quested around 25 times). The runes are needed to level up heroes so people pay pretty high for them. I'm all about stat optimization and such, so even at this extremely basic level I find it pretty interesting.
nhill Member	Fri Dec 10 14:01:14 If you don't match your profession with the quest, there's only a 0.2% drop rate. :)
nhill Member	Fri Dec 10 14:01:57 There's also a decent ecosystem being built around it, such as http://kingdom.watch/ that keeps track of your account among many other things.
nhill Member	Fri Dec 10 16:37:23 https://youtube.com/c/Finematics
nhill Member	Fri Dec 10 16:37:36 http://youtube.com/c/TraderMayne
nhill Member	Fri Dec 10 16:37:52 http://youtube.com/c/JustinBram
nhill Member	Fri Dec 10 16:38:17 http://youtube.com/c/Finematics
nhill Member	Fri Dec 10 16:38:47 sassal0x http://youtube.com/channel/UCvCp6vKY5jDr87htKH6hgDA
nhill Member	Fri Dec 10 16:39:12 http://youtube.com/user/TheTaikster
nhill Member	Fri Dec 10 16:39:55 Just saving some links of quality YouTube channels for crypto. Feel free to check 'em out if you haven't already.
Nimatzo iChihuaha	Sat Dec 11 05:30:36 Nice. I have not come across any if them. I have nothing on defi and farming. Thanks! I still have not explored the gamefi. So Defi kingdoms will be the first :)
nhill Member	Sat Dec 11 11:24:10 Cool! It's extremely simple right now, mainly just gathering resources for the future, and how said resources will be used is somewhat undefined. There'll be crafting for sure. But it's still pretty fun to be in at this early stage and get a nice stash.
nhill Member	Sat Dec 11 11:28:32 Bought some more $WAGMI today after selling some at $1500 (it's on sale for $546 right now).
nhill Member	Sat Dec 11 14:03:53 Also starting to DCA back into $TIME after selling around 8K. Looks like it's making a nice bottom formation here, so it'll either pump or dump once it breaks, depending on the overall market. But I'm quite bullish right now. Market structure looks great, I think this is a really nice buying/accumulation opportunity for the small and micro cap coins!
nhill Member	Sat Dec 11 14:12:11 32% stablecoins now, down from 40%. 30% is my target for a bullish reversal. Leaves just enough room to DCA if we have another correction down to $3,300 for ETH. From there, if we break the market structure, I'll move to 70% stables (my bearish entry allocation), and then to 90% stable once confirmed. But I don't think I'll have to do that quite yet. We made new all time highs just about a month ago, was natural that buyers from earlier this year took some profits or went delta neutral. It looks like leverage is decreasing heavily, both long and short. The BTCPERP on Binance is down to 10B open interest from 20B. More shorts than longs right now, but overall low leverage. I doubt will see a god candle on the recovery, it'll probably be a stair step recovery. Maybe one day of cascading liquidations to clean out the shorts, but nothing like July.
nhill Member	Sat Dec 11 14:13:22 http://alternative.me/crypto/fear-and-greed-index/ Best time to buy is extreme fear. :)
nhill Member	Sat Dec 11 14:16:46 Bought another microcap today on my wallet I suspect is algo tracked. Sure enough, after days of only a few buys/sells (it's extremely small cap, under $50,000), right after I buy there's a flurry of activity, over 30 buys and sells and pumped price 30%. Some days there were only 3 swaps.
nhill Member	Sat Dec 11 14:47:31 $500,000 I mean, not $50,000.
Nimatzo iChihuaha	Sat Dec 11 17:09:44 You should use that tracking to your advantage. Frontrun the dumping >:)
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