Utopia Talk / Politics / Web3, crypto, blockchain etc.

Nimatzo iChihuaha	Tue Jan 11 09:32:17 http://utopiaforums.com/boardthread?id=politics&thread=89106 I think we have broken the record for the longest continous thread like a long time ago. Long long time ago :)
Nimatzo iChihuaha	Tue Jan 11 09:32:54 nhill Member Mon Jan 10 14:26:43 The composite man most represents what I mean, but I wouldn't rule out the former. Orderflow is another trading method with it's own tools (like footprint charts) that is worth learning. Some people do well specializing in just that. Myself, I dabble in everything I can (TA, FA, Orderflow, etc) and then look for confluence. Nimatzo iChihuaha Tue Jan 11 09:27:51 It is very appealing to my sensibilities to use a wider range of tools to find confluence rather than specializing with one set. I have too little experience, but I imagine that this process provides better precisions?
nhill Member	Tue Jan 11 12:20:52 For me it works, but I've seen people successful focusing deep on only one (such as on-chain analysis). I prefer to be "T" shaped...I specialize deep in one aspect (fundamental analysis through code review), but try to dabble in a little bit of everything else to round it out.
Nimatzo iChihuaha	Tue Jan 11 14:18:46 T shaped, that is nice description. NEAR is really delivering, I went in big in Trisolaris 9%. Though to be honest I can't really wrap my head around that market cap. A lot of expectations are getting priced in early with the chains that take off.
Nimatzo iChihuaha	Tue Jan 11 14:57:49 Tomb is rolling out new tokens Lif3 and Fanty, being airdropped to people who have held TOMB, Tshares and Tbonds in the last 120 days. Andre Cronje has a new project in the works. I think Daniele is involved in it as well.
nhill Member	Tue Jan 11 15:51:52 > T shaped, that is nice description. Thanks, it's part of the software engineer vernacular. :) Eventually down the road you want to be "comb" shaped, as in multiple specialties along with being broad in between them. But I only got into crypto heaving a couple years ago, have not gotten to that level. > NEAR is really delivering, I went in big in Trisolaris 9%. Though to be honest I can't really wrap my head around that market cap. A lot of expectations are getting priced in early with the chains that take off. NEAR is killing it today! It finally filled in the fat finger wick from a month ago (check the binance NEARUSDT chart on December 15th 2021). As far market cap, well, we saw what Cardano can do w/ puffed up caps. ;) But NEAR legit has a really nice ecosystem developing. Native NEAR accomplishes most of what ETH2 promises, and Aurora allows people to play with $NEAR without leaving the comfort of the EVM/metamask. Plus there's 800M USD in incentives in the ecosystem, so there's naturally going to be capital seeking some of that liquidity. Aurora EVM is gas-free. As a result, we may see games thrive on Aurora, as least until those incentives dry up. Aurora also has some neat characteristics in how their gas fees are paid to NEAR validiators in NEAR, even though the gas is ETH. That makes them 1 step away from accepting any token as gas (as ETH is arbitrary and converted to NEAR anyways, so they could take other tokens as well, like $USDC). The Aurora-NEAR design has a great bridge, and technically could support sharding in Aurora if they made the infrastructure. Harmony One has sharding at the protocol level but it isn't enabled yet on mainnet. There's a lot of potential in the NEAR eco, and you're right that these expectations are being priced in, but I also think there's a lot to price in right now, as opposed to something like Solana that has mostly peaked. :) Although, of note, Solana is also releasing an EVM-compatible chain, Neon, so it could start to join $NEAR on the pump this summer. Solana Summer! Love the Tomb news. I've heard rumblings of the Andre/Daniele collab that is a protocol for protocols, and should pump the whole FTM ecosystem. Need to research that one. :)
nhill Member	Tue Jan 11 16:54:02 Oh nice, just found about $20,000 of stablecoins on curve that I forgot was using for farming. One of the perks of beings on dozens of chains. :D
Nimatzo iChihuaha	Tue Jan 11 17:41:00 I once found a dollar worth of change in a coat, so I guess I understand... lol ;) Crypto defies all your intuitions. The moment you think you are getting the hang of it, surprise!
nhill Member	Wed Jan 12 08:51:23 Haha, indeed! Orders of magnitude hit different in crypto.
nhill Member	Wed Jan 12 09:23:26 $JEWEL >$20 again :D
nhill Member	Wed Jan 12 09:24:42 As planned, this morning I derisked a bit on this relief rally. Suspect we'll test the lower range again before we spring outta this purgatory.
nhill Member	Wed Jan 12 14:53:12 http://www.tradingview.com/x/3aPUrQ7r $MAGIC consolidating and has a lot of potential news coming out (metaverse integrations with other projects) this month. Looks like my call of around $3 for fair value was vindicated on the last run, as that's where a new base is forming. Eventually I think this one could hit $20-30 once they release Bridgeworld, their game, but that won't be for a while.
nhill Member	Wed Jan 12 14:59:59 Sold around 75% my bag in the $3-3.25 range, letting the rest ride since it's risk free (I'd started to accumulate around $1.20 so it was pretty easy to take profits and still leave a fair amount staked) I'm trying for a gen0 hero on DeFi Kingdoms, so I'll probably not re-enter here, but this looks like a good spot to enter. I'd probably be conservative and look for a test in the $2.20-$2.40, but the market doesn't always wait for my entries before rallying ;)
nhill Member	Wed Jan 12 15:05:36 There's still that 2000-3000BTC worth of bids in the 38-39K range that market makers are probably eyeing. Thinking this relief rally might be out of steam soon, and they'll try to grab it. May not get far though, as there's a buy wall now in 42-43K range to break through. Orderflow looks bullish, rounded bottom on the chart looks nice. Possible we've seen the worst of it.
nhill Member	Wed Jan 12 16:02:56 http://www.tradingview.com/x/JaxKpaIM Moonshot small cap. http://betswap.gg/ Creating a DEX for betting and P2E game in the works. Market cap around 25M and they plan on buying back and burning 90% of the tokens. Really sounds like a rug to me, because seems too good/ambitious to be true. Not taking a position, but just sharing today's research. :) It's available on Fantom and Avalanche if anyone's feeling frisky. Right now I'm trying to minimize risk...
nhill Member	Wed Jan 12 16:03:12 http://betswap.gg/
nhill Member	Wed Jan 12 16:06:18 Mainly posting because it just launched the token yesterday and it formed an early base around this price. Looks like a good entry on the TA side. The base was probably formed by traders/influencers that dumped back to the original price. Some early buyers must have held through, so I'm guessing the selling is exhausted here. Or it could just rug, as the total supply is huge.
Nimatzo iChihuaha	Thu Jan 13 03:34:58 Yea, the FOMO is strong, but I started selling previous days in small doses to mentally prepare, lifted out some more on the way up. betsawap is the project that Wonderland has invested in. Wouldn't that lower the risk for a rug?
nhill Member	Thu Jan 13 09:23:40 Oh, I didn't know wonderland was involved. Someone shared this to me over Twitter. Yeah, that would increase my confidence!
nhill Member	Thu Jan 13 09:39:28 http://med...ds-wonderland-dao-8bb4d395f3f6 Not sure how I missed this post. :) So it looks like a good moonshot! I have enough small caps allocated at the moment, so I'll sit this one out for now.
Nimatzo iChihuaha	Thu Jan 13 09:45:28 SWEET! Let's APE in like there is no tomorrow :D So about the macro environment. All this commotion is due to the fed signaling the hammer is coming down, but will the dems allow their mid terms to be rekt?
nhill Member	Thu Jan 13 11:09:55 Lol. That's a good question about mid-terms. I imagine we'll see some shakeup to try and salvage the market for one more runup before elections. Open question as to how much further the fed will prop the market and how far they'll let it fall. I'd venture a guess that they'd let the S&P500 drop about 10-15% before they step up. The other side of this is stimulus payments, those tend to prop up the market in their own way. I imagine we'll see one or the other this year (stimulus or the fed backing down a bit on taper talks).
nhill Member	Thu Jan 13 11:11:17 Trimming my $NEAR position in half at $19.50. My target was $20, this is close enough.
nhill Member	Thu Jan 13 11:16:24 Been riding my $NEAR-$OCT LP for a few months now. Was down bad for a while there, but managed to book a ~90% profit plus the ref farming rewards. Patience is key when you're operating on fundamentals. Been a believer in $NEAR for a few months. Market was wrong for while, is all :P
nhill Member	Thu Jan 13 11:26:47 Harmony is getting DDOSed I guess. What a nightmare of a chain it has been for the past few months. The world is its oyster, but they're dropping the ball under load. Scalability is a tough nut to crack, though. I'm still giving them the benefit of the doubt (not uncommon for software to have some kinks under load), but not super confident in them at this point.
Nimatzo iChihuaha	Fri Jan 14 06:56:56 It seems like Defi and Gamefi are those that are holding the center and leading the charge. In that light these issues are take in stride as bumps in the road. lol remember how many times Solana went down last year? In any other environment it would have been disasters, but given the high risk speculative full of rugs and bug environment, you wish for a DDos attack being the worst thing your invesment would suffer. On some level it is a badge of merit, you are big enough to get attention :)
Nimatzo iChihuaha	Fri Jan 14 07:03:19 And out favorite chains NEAR, ONE, FTM, ATOM, LUNA are crushing ETH and BTC in this ”bear” market. It’s only a bear market if you are a boomer mentality maxi, to be honest :)
nhill Member	Fri Jan 14 09:23:00 Supposedly the hot acronyms right now is FOAN. $FTM $ONE $ATOM $NEAR. I'd definitely add LUNA to this, though. NEAR is the best so far, as every other coin has yet to break its September resistance levels.
nhill Member	Fri Jan 14 09:24:18 But, yeah, I agree with the DDoS, they must be doing something right! Probably a jealous competitor. But for someone to be jealous, that means it's getting used. IMO DeFi Kingdoms saved Harmony. Who will save Boba network? :(
nhill Member	Fri Jan 14 10:20:58 Not sleeping on $SCRT here, either. Don't talk about it much, but I've been averaging down and up in the $4-8 range. Looks like it's pumping today. I still think privacy coins are an incoming wave, but it might take time to develop. FOAN appears to have the reins for now!
nhill Member	Fri Jan 14 10:24:51 Moving some of my stablecoin farms from Curve to Platypus today. http://twitter.com/CryptoSeq/status/1472227247331360773
Nimatzo iChihuaha	Fri Jan 14 10:29:34 It's almost as if SCRT is living up to the name and pumping under the radar ;)
Nimatzo iChihuaha	Fri Jan 14 10:32:23 How many % is some? Those boosted APR look juicy together with the potential upside of the farm token. But getting a feel for the risk/reward.
nhill Member	Fri Jan 14 10:37:02 10% of my stables staked. I'm not boosting yet. Their native token printed a huge dildo today: http://www.tradingview.com/x/XiwKb2tL So I'm not super confident in buying $PTP to stake it for boosting. But I'll accumulate it through some stable farming. I put all my stables on curve, generally, spread across multiple blockchains for the different rewards (e.g. the Harmony 3pool pays $ONE rewards). Trying out Platypus for my AVAX stables (which I usually put into curve to farm $SPELL on abra).
nhill Member	Fri Jan 14 10:40:08 > It's almost as if SCRT is living up to the name and pumping under the radar ;) Hehe. Love to see it perk up a bit here. That volume looks quite bullish. It went on a 90% tear last time volume spiked like this. Suggests that the pullback was more an accumulation than a selloff.
Nimatzo iChihuaha	Fri Jan 14 10:41:37 So it is a two stage rocket? You can lend stables and get interest the normal way and then the boosted APR is basically one step way of turning your stables into an LP pair with the vePTP token? I am speed reading their documents, maybe not all clear to me.
nhill Member	Fri Jan 14 10:44:00 1. Deposit stables. 2. Farm or buy $PTP. 3. Stake $PTP. 4. $PTP staking mines $vePTP. 5. Can boost further by locking your $vePTP. Pretty similar to curve except you can single sided stake here. I'm only farming my $PTP at the moment. Will buy a bag on a correction if we get it, or just be a happy farmer.
nhill Member	Fri Jan 14 10:52:34 Platypus is also getting Avalanche Rush incentives sometime soon. http://med...incentive-program-d320fdfafff7 I'm assuming that they'll pay out $AVAX rewards on the stable farming once implemented.
Nimatzo iChihuaha	Fri Jan 14 11:50:21 Hmm, it's not intuitive. But just depositing, what does that do? You have to do the step stake (MIM in my case) to earn the PTP token?
Nimatzo iChihuaha	Fri Jan 14 11:51:43 Anyway, I did the stake and it lit up that I was earning PTP. I had some MIM on TJs that I brought over.
nhill Member	Fri Jan 14 12:06:35 Just depositing will earn you the base APR, which is still quite generous at 28%, but will get diluted as more people farm.
nhill Member	Fri Jan 14 13:49:29 http://github.com/harmony-one/harmony/pull/4003 Harmony's solution to not being able to get the validators online is to centralize the chain (for now). Cue the decentralization maxis bashing Harmony for the next few weeks, lol.
nhill Member	Fri Jan 14 16:07:03 Harmony back up, but the block times are still slow (~10s/block).
nhill Member	Fri Jan 14 22:41:13 "hill Member Sun Jan 09 17:22:43 www.tradingview.com/x/cK6KbMl8 Bidding $DPX @ $2898 Just an entry, plan on averaging into this one. With necc failing, I'm looking for a new options trading position." Fcked the timing on this one, but ended up still being a decent play on the bounce. Albeit it premature. http://www.tradingview.com/x/eXJmLeQh
nhill Member	Fri Jan 14 22:41:32 Albeit premature*
Nimatzo iChihuaha	Sat Jan 15 05:34:10 Nice :) I am waiting for some signs to deploy cash to the farms, either another retest with a higher low or breaking above support.
Nimatzo iChihuaha	Sat Jan 15 09:46:14 Looks like the bees are leaving FTM and ONE and moving to LUNA.
nhill Member	Sat Jan 15 13:26:44 Holy shit, wish I had bought more $PTP now, it's dildo turned into a Dukhat candle (referencing Dukhat's professed love for big black cocks). Up 342% since I gave it. Jesus.
nhill Member	Sat Jan 15 13:27:39 But yeah, LUNA is holding down the fort in the DeFi Kingdom. Glad I chose that as my sole LP after all the shenanigans with $ONE. :)
nhill Member	Sat Jan 15 13:35:48 We're in a crypto bear market for about 2-3 months now. Name of the game here is to simply survive. Last year I survived by going to stables, this year I settled on rotating (a lot driven by the nice L1 LPs on DFK). This time around I'm not only surviving, actually thriving. Crypto holdings have gone up in value slightly the past 2 months. But, anyways. This is the grand culling of retail dabblers. If you can survive and maintain the capital you generated in the bull run, you are now eligible to become wealthy in the next one. :) Unfortunately, as you've seen, that rebalancing doesn't come through thin air. People attached to the wrong alts get their entire holdings blown by 90% or more. Many alts still down 90+% from their tops. The crypto market gives dilettantes a taste of riches and then vacuums it up into the hands of the fundamental investors. Then it'll rinse/repeat. Imagine still holding $DOGE from $0.70 right now. A lot of people are doing this!
Nimatzo iChihuaha	Sat Jan 15 14:51:23 October I was +50% and then ate dick all the way down to +10% and now in the bear market I have climbed back up to +50%. FTM, LUNA, ONE and NEAR/Tri are mainly responsible for the recovery and that is despite some horrible losses like KLIMA and Grim exploit. The past few months have been full of valuable lessons for me. One being not doing too many things at once!
Nimatzo iChihuaha	Sat Jan 15 14:58:42 Hmm val is trading under the backed price again. That project is one influencer promotion away from taking off. In theory :)
nhill Member	Sat Jan 15 16:34:42 Yup. Love the under the radar play! I’m accumulating under backing price as I rotate profits. :)
Nimatzo iChihuaha	Sun Jan 16 12:08:56 PTP topped out around 17,4 USD. lol? The FOMO is strong in new project, especially with some big backers. Straight to the moon.
nhill Member	Sun Jan 16 12:19:08 I sold my small position around $13 :) That was a damn rocket ship! But the liquidity is still relatively low, so it could dump hard. I was enjoying using the platform to stake my PTP to mine vePTP and use the vePTP to boost my stable farm APRs...but the rampant speculation was too much. Will wait for price to stabilize, meanwhile I'll just farm the base APR.
nhill Member	Sun Jan 16 12:28:08 Getting early signals in the charts that the market is prepping for some major volatility this week (mainly the bollinger band squeezes on multiple time frames). Tight price action nearly always precipitates a big move as someone is probably positioning to keep it in a tight range. Sometimes the market can do it naturally, but it's a pretty solid tell on higher time frames (right now it's signaling up to the 7 hr timeframe). No idea if it'll go up or down. I'm more confident in the downside, but it's like a 60% confidence... the bids dried up around 38-39K, so I don't know where that liquidity went. Maybe it's getting ready to FOMO pump it? Or major dump it...
nhill Member	Sun Jan 16 12:28:49 So the price could either go up or down. Buy my course.
nhill Member	Sun Jan 16 12:38:21 Oh wow, apparently I just had to say something. Bids are back, and they are whoppers! Over 7000BTC worth of liquidity down there. That's over a quarter billion dollars in rocket fuel for market makers to grab. So I'm still positioning for the downside!
Nimatzo iChihuaha	Sun Jan 16 13:02:26 I'm gonna go on a shopping spree if we do :D
Nimatzo iChihuaha	Sun Jan 16 14:08:59 About the 7k BTC are you seeing this on coinlobster? You mean the total order book from where we are down to 38-39k?
nhill Member	Sun Jan 16 14:53:29 Yeah, they pop in whenever we have a red candle it seems. Right now it's green and the bids disappeared. But it speaks to a huge amount of interest in that price range.
nhill Member	Sun Jan 16 17:52:41 "nhill Member Sun Jan 16 12:19:08 But the liquidity is still relatively low, so it could dump hard" Update: -28% since then, lol. I blame jergul
Nimatzo iChihuaha	Sun Jan 16 18:47:59 The lord Satoshi giveth you unbound riches, but he also taketh your kids college fund. I'm gonna go to sleep now and before I sleep I will pray that tomorrow FTM and ATOM will be in price discovery. :)
nhill Member	Sun Jan 16 18:51:37 $TOMB-on! gn
nhill Member	Sun Jan 16 18:59:30 Ooo, the $BTC bollinger bands are squeezing up to the 12hr timeframe. Something big is brewing :) If it squeezes on the daily, that'd be confirmation. One cool thing about volatility is that it has been proven by economists to be mean reverting. That means periods of low volatility, these squeezes, probabilistically coil. There's something fundamental about human nature that causes it-- maybe our energy gets all coiled up and restless after seeing boring price movement ;)
nhill Member	Sun Jan 16 19:06:53 Fouque, J.P., Papanicolaou, G. and Sircar, K.R., 2000. Mean-reverting stochastic volatility. International Journal of theoretical and applied finance, 3(01), pp.101-142. http://fouque.faculty.pstat.ucsb.edu/PubliFM/meanrevised.pdf
nhill Member	Sun Jan 16 19:09:20 More than likely in the crypto case, though, is that a lot is explained by strategic accumulation/distribution, effectively pinning the price and capping the downside (or upside, depending on the position strategy). Ask me how I know ;)
Nimatzo iChihuaha	Mon Jan 17 06:32:09 Ok how do you know? :)
Nimatzo iChihuaha	Mon Jan 17 07:16:11 I don't know if you heard but vikings.finance is shutting down :( They have not reached a sustainable growth. Good news is that the treasury will be liquidated so we can all redeem our val at the backing price. That would still potentially net me +18%.
nhill Member	Mon Jan 17 09:23:56 Damn! Like you, I assumed this was one influencer away from pumping big time. Oh well, I’ll turn a profit from buying under the backing price, but darn. OHM forks seem to have been played out now. Funny thing I noticed is that the next trend is Tomb forks.
nhill Member	Mon Jan 17 09:27:19 > Ok how do you know? :) I moonlight as a whale sometimes, not a big whale, but I can make markets on coins under 10M in liquidity and I’ve used this strategy to accumulate or distribute in or out of positions. So I’m assuming I’m not the only one, because it works quite well…
nhill Member	Mon Jan 17 09:31:05 $PTP looks like it had a blowoff top… trading around $7. Still waiting for the volatility to settle before thinking about entering
Nimatzo iChihuaha	Mon Jan 17 09:56:22 Hehe you mean 2omb. Yea I saw that they other day :P Even OHM has shit the bed so these are dark days for OHM and all her children. "I moonlight as a whale sometimes" The dream has come true! So how `does one utilize this mean reversion in practice?
LazyCommunist Member	Mon Jan 17 10:03:23 http://www...energy-guzzling-bitcoin-miners Panic as Kosovo pulls the plug on its energy-guzzling bitcoin miners Speculators rush to sell off their kit as Balkan state announces a crypto clampdown to ease electricity crisis For bitcoin enthusiasts in Kosovo with a breezy attitude to risk, it has been a good week to strike a deal on computer equipment that can create, or “mine”, the cryptocurrency. From Facebook to Telegram, new posts in the region’s online crypto groups became dominated by dismayed Kosovans attempting to sell off their mining equipment – often at knockdown prices. “There’s a lot of panic and they’re selling it or trying to move it to neighbouring countries,” said cryptoKapo, a crypto investor and administrator of some of the region’s largest online crypto communities. The frenetic social media action follows an end-of-year announcement by Kosovo’s government of an immediate, albeit temporary, ban on all crypto mining activity as part of emergency measures to ease a crippling energy crisis. Bitcoin and other cryptocurrencies are created or “mined” by high-powered computers that compete to solve complex mathematical puzzles in what is a highly energy-intensive process that rewards people based on the amount of computing power they provide. The incentive to get into the mining game in Kosovo, one of Europe’s poorest countries, is obvious. The cryptocurrency currently trades at more than £31,500 a bitcoin, while Kosovo has the cheapest energy prices in Europe due in part to more than 90% of the domestic energy production coming from burning the country’s rich reserves of lignite, a low-grade coal, and fuel bills being subsidised by the government. The largest-scale crypto mining is thought to be taking place in the north of the country, where the Serb-majority population refuse to recognise Kosovo as an independent state and have consequently not paid for electricity for more than two decades. There is serious money to be made – and in a time of ready energy supply it was being made. The number of people mining cryptocurrencies in Kosovo is thought to have skyrocketed in recent years. Groups such as Albanian Crypto Amateurs on Facebook and Crypto Eagles on Telegram have exploded with thousands of new members, though it is unclear how many are mining cryptocurrency, or on what scale. But the good times appear to be over – at least for now – and the developments in Kosovo highlight one of the big questions about the future of bitcoin and other such digital currency. The latest calculation from Cambridge University’s bitcoin electricity consumption index suggests that global bitcoin mining consumes 125.96 terawatt hours a year of electricity, putting its consumption above Norway (122.2 TWh), Argentina (121 TWh), the Netherlands (108.8 TWh) and the United Arab Emirates (113.20 TWh). Meanwhile, Kosovans spent the final days of 2021 in darkness as domestic and international factors combined to cause energy shortages and rolling blackouts across the country. At the peak of the recent crisis, an unforeseen shutdown at one of its two ageing power plants left Kosovo importing about 40% of its energy on international markets – where prices have soared – and the government was forced to provide an emergency subsidy to help meet the costs. Kosovo’s minister of economy, Dr Artane Rizvanolli, said the ban had been a “no-brainer”. “We have allocated €20m for subsidising energy, which is probably not going to be sufficient, and this is taxpayers’ money that is going to subsidise electricity consumption,” she said. “On the other hand we have crypto mining, which is a highly energy-intensive activity and is not regulated.” Kosovo is not alone. Last September, the 10 most powerful regulators in China vowed to kill off what was then the world’s biggest cryptocurrency mining industry. In Iceland, the country’s national power company, Landsvirkjun, has said it will turn away potential cryptocurrency miners as the country is experiencing power shortages. Last week, a powerful committee in the US Congress announced it would convene a hearing on the issue. US cryptocurrency miners are believed to be the largest consumers of energy, followed by Kazakhstan and the Russian Federation. “It’s time to understand and address the steep energy and environmental impacts it is having on our communities and our planet,” said committee chairman Frank Pallone and Diana DeGette, who heads its oversight panel. Alex de Vries, a Paris-based economist, said his initial estimates in a paper to be published later this year suggest just a quarter of the energy used by miners is renewable: “The question really is: what are you getting in return for that?” Jason Deane, chief bitcoin analyst at Quantum Economics, said he believed there were a host of advantages, including the offer of instant, virtually free, financial transactions carried out without the use of a third party, with certainty that there will be instant settlement, and that the current teething problems need to be put in perspective. Since the Kosovan authorities made the decision, police and customs officers have begun conducting regular raids, seizing hundreds of pieces of hardware. While a 60-day state of energy emergency remains in place, the prospect of upcoming regulation and energy bill price rises leaves the future anything but certain. “There are a lot of people who have invested in crypto mining equipment and it’s not a small investment,” cryptoKapo said. “People have even taken out loans to invest and the impact now is very bad on their lives.”
nhill Member	Mon Jan 17 11:14:52 It's $TOMB season baby! :) I was actually looking at http://app.gomb.finance/ last, it stealth launched a couple days ago. Don't know anything about the project, just saw the LP seeded on the dexscreener nano cap tracker. I also saw a website tracking all the tomb forks, and there were a bunch of em. Can't remember the site now tho, will have to check my desktop history when I get to it :)
nhill Member	Mon Jan 17 11:30:24 > The dream has come true! So how `does one utilize this mean reversion in practice? Well, as for the mean reversion, you could buy delta neutral options (owning both a call & put for example). I think there's even DeFi services that let you invest in volatility directly, or at least there was at one point. Another one I can't remember at the moment ':) But for my intents and purposes it's less practical and more about understanding how market makers position and being aware that both low and high vol revert to the mean. The practical mechanics of the whaling I can explain, though. Let's say there's a $NIM token that is trading for $10 and it has about 5M liquidity. I believe in the Nim, so I want to accumulate as much as possible, but $NIM hasn't released any news for a while so speculators are selling off at this level. I, being the friendly >:) whale, decide that I will not let the price trade under $10 and absorb all the selling. So, what happens now? Well if I do this for a long enough period, I'll suck all the sell side liquidity out of the market, and, since I've kept the price backed, the HODLers have no reason to sell. Basically it's like pouring gas on the kindling...there's no fire yet, but when a match is lit, watch out! Since I absorbed all the selling and all that's left is quality stakeholders, the first positive news is going the skyrocket. You can actually see this pattern on $PTP. I didn't whale it up (didn't even know about the protocol until last week), but the chart tells me someone was absorbing all the sellers for about a month, and, when they had a marketing push, the low liquidity caused the token to skyrocket. The last trick in the book of the mighty whale is making sure the protocol has been designed to increase the liquidity as the price appreciates (usually w/ some form of incentives or ohm like bonding/minting). That allows me to accumulate at low liquidity, and then book some profits without crashing the price. Whale games are fun, and, with a bit of practice, you can see how you'd operate as a BTC or ETH whale. Except with BTC and ETH you can easily short them, so someone could be doing the reverse-- continually selling to prevent the price from going past a certain and exhaust the buyers. Once the buyers get exhausted, which could take days or weeks, the bottom simply falls out.
nhill Member	Mon Jan 17 11:31:45 The theory behind it is also explained in Wyckoffian schematics: http://med...-1-the-background-fa543fc78870
Nimatzo iChihuaha	Mon Jan 17 16:23:03 Thanks for the explanation! If you have not caught this. Multichain/anyswap patched an exploit, need to revoke approvals. I didn't have any for the affected tokens. http://twitter.com/MultichainOrg/status/1483110393543544832
nhill Member	Mon Jan 17 16:47:01 Thank! I didn't have any either, which kinda surprised me.
Nimatzo iChihuaha	Mon Jan 17 18:01:25 Cascading liquidation over at Wonderland, rekt a lot of degens and has the entire community in tears and disbelief. Glad I missed it!
nhill Member	Mon Jan 17 18:36:43 Haha, yup. They may want to rethink allowing it to be used as collateral on Abracadabra. That's just a mess waiting to happen. http://www.tradingview.com/x/i5dInY46 Chart look ugly AF. I bought some around the liquidations but I've already unloaded it.
nhill Member	Tue Jan 18 10:27:05 Buying some $PTP to boost my stable farms here at $7.82
nhill Member	Tue Jan 18 10:27:42 Buy $3.50, sell $13, buy $7.82. LFG!
nhill Member	Tue Jan 18 10:32:35 $MAGIC looks ripe to catch a bid here if BTC/ETH can avoid dumping. $2.81 My fair value for $MAGIC in its current form is around $3, as I mentioned weeks ago when it was around $2. Long term I'd price it around $30 if they deliver on the road map, but at this stage in the venture $3 is fair.
nhill Member	Tue Jan 18 10:34:30 $PTP is still a very risky play though. Only 18M liquidity.
nhill Member	Tue Jan 18 11:18:05 http://lore.treasure.lol/ ^$MAGIC released the lore for their vision of the metaverse.
nhill Member	Tue Jan 18 11:20:15 "Our Papa Parmesano, who art gigabraining, hallowed be thy Smol Name, thy Bridgeworld come, thy will be done, on treasure.lol as it is in heaven. Give us this day our daily $MAGIC. And forgive us our paperhands, as we forgive those who dump all over us. And lead us not into temptation, but deliver us from OS. For thine is the kingdom, and the power, and the glory, for ever and ever. HODL." Lol.
Nimatzo iChihuaha	Tue Jan 18 12:03:39 No degens plays for me just yet :) Wonderland has retired the TIME token it seems in favor of wMEMO. Funny given the previous thread where your showed me how wMEMO sis the more accurate price. Gonna keep wonderland on the radar, but it will take some failures to get DeFi and DAOs right. I have looked a bit on historic BTC price action and while it is rare, at least once that I found a low volatility sideways market went on for months. november 2018 to april 2019. Not so bad with liquidity farming though.
nhill Member	Tue Jan 18 16:55:40 Bidding back half the $JEWEL I had sold around $21. $15.52. DCA. Will buy the other half at $17.00 or $13.00. Whichever hits first.
nhill Member	Tue Jan 18 17:03:05 > No degens plays for me just yet Gotta take some time to cool down, I understand. ;) > Wonderland has retired the TIME token it seems in favor of wMEMO. Funny given the previous thread where your showed me how wMEMO sis the more accurate price. Yup! $wMEMO is the only real price, everything else was smoke and mirrors. Same thing with $gOHM. They can't expect to be listed on exchanges if their token rebases the value away unstaked. Plus it's a lot easier accounting when you don't have to calculate rewards (taxes). How much you wanna bet that FTX lists $wMEMO in the next 2 months? ;) > I have looked a bit on historic BTC price action and while it is rare, at least once that I found a low volatility sideways market went on for months. november 2018 to april 2019. Not so bad with liquidity farming though. Yep there are definitely outliers. I'm fan with any scenario at this point. Ranging might be my favorite state right now, as that's perfect for DeFi. A dump would buoy the market for months, and a real rally would obviously be cool w/ me. This is me right now -> http://i.k...s/newsfeed/002/210/781/82b.jpg
Nimatzo iChihuaha	Wed Jan 19 06:05:40 http://lore.treasure.lol/ That is precious :) http://i.kym-cdn.com/photos/images/newsfeed/002/210/781/82b.jpg This is just pure awesome.
nhill Member	Wed Jan 19 12:29:53 Haha, one of my favorite memes.
nhill Member	Wed Jan 19 16:36:05 $VAL redemption is online. Went without a hitch for me. Came out ahead +11%, after buying it about a month ago. Not a bad return considering the whole market tanked. Guess it was like a high yield stable. Shame it never picked up though!
nhill Member	Wed Jan 19 17:35:33 http://app.cyberdao.finance/ CyberDAO decided to move to Fantom because Boba is an abandoned chain at this point. Super excited for it to be on Fantom...loaded up after the presale for $2.3, and forgot about it. Bridged over today. It's the only rebase token I'm in right now. Well I also own $CHEEZ but only because I accumulated under backing price. $CYBER is the only one I consider to be a possible long-term stake, because it's a very unique game-driven design. $CHEEZ is a cute little game tho.
nhill Member	Wed Jan 19 17:43:37 CHEEZ is also pretty cool because they accumulated locked $JEWEL through bonds. If $JEWEL keeps doing well, that'll pay off handsomely for the protocol stakers. But it has such a tiny market cap that I don't have much of a stake. Somehow I've managed to survive the OHM-Pocalypse without getting too rekt. TP $OHM ~$800, is now like $100. Sold all $TIME around $7000, is now like $1000. Booked a gain on $VAL. Scalped some money on the $EXOD FUD despite not staying on with it. Sold $ROME for around breakeven (no position). Sold $WAGMI around $700, now $67. Things I did get rekt on: $SDOG rug $SB fallout ...I think that's about it? Maybe forgetting some. But damn, typing that all out makes me feel selfish, lol. Did not expect the bottom to fall out so deeply.
nhill Member	Wed Jan 19 17:50:18 Oh and $KLIMA was a small loss, too. Not rekt by any means, but that one I did not successfully take enough profits.
nhill Member	Wed Jan 19 17:59:27 Bidding $JEWEL here. $12.82. Nice. Next buy will be at $10 or $17, whichever comes first.
nhill Member	Wed Jan 19 19:19:38 Loading $LUNA at $80.
Nimatzo iChihuaha	Thu Jan 20 05:43:26 I have poured some more into the trisolaris farm.
Nimatzo iChihuaha	Thu Jan 20 08:26:27 Oh status. I redeemed my Val no issues +14% in MIM value. Very sad though. KLIMA I was rekt. -75% OHM I am basically rekt, but I have not realized the loss yet. The gas fees will make me ride or die OHM. TIME I did pretty decent +40%, but far fall from the top which was well over 100%. These were my OHM and fork plays. I never entered any of the others I was looking at. Moonriver/solarbeam not doing so great either -70%, but this is a smaller stake. And of course the Grim exploit -100% :( To be continued
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