Utopia Talk / Politics / Crypto - Resistance is futile

Nimatzo iChihuaha	Thu Jan 20 12:42:38 Previous thread http://uto...hread=89156&time=1642688787739 At first I thought I hijack murder's thread, but then I thought, why not have 3 threads about crypto :D
TheChildren Member	Thu Jan 20 13:25:01 blockchain is a myth u dumbfuck. its a solution 2 a non existin problem. in 10 years noone has ever used blockchain 4 anyone. is like u sellin re usable toilet paper...yea no thx.
nhill Member	Thu Jan 20 15:59:43 And now volatility wakes up. Will this be the grand wick down? :)
nhill Member	Thu Jan 20 16:11:19 Half a billion dollars in bids just flooded the order books. Looks like a low time frame deviation on BTC. Expecting further blood. Gib blood!
nhill Member	Thu Jan 20 16:29:54 Deviation is when it pokes under support or above resistance and then dumps again. Also know as bear/bull traps.
nhill Member	Thu Jan 20 16:31:45 Deviations are why it's good to wait for confirmation when managing risk. The way to avoid them is waiting for the retest on a support / resistance flip before opening a position. Of course, you don't always get it. But it'll increase your hit rate if you wait for it. I'm not trading though, just reading the charts. Still have plenty of stables ready to munch.
nhill Member	Thu Jan 20 16:32:48 Double deviation on low time frame right now. Downtrend going to resume here. BTC currently at 41480.
nhill Member	Thu Jan 20 16:33:23 Reiteration: http://i.k...s/newsfeed/002/210/781/82b.jpg ;)
nhill Member	Thu Jan 20 16:57:08 Nice little impulse wave from the 1 minute TD9 at $40,800. Temporary bottom here, with LTF support at 41K. Have no faith in these holding yet.
nhill Member	Thu Jan 20 16:59:50 http://www.tradersdaytrading.com/tom-demark-indicators.html ^here's an explanation of what a TD9 is. Still trying to trickle bits of technical analysis to ya, Nim, even as I remember them. I'm not a trader anymore, but still use the old tricks to time entries.
nhill Member	Thu Jan 20 17:01:35 That was a pretty weak impulse, as expected, +1.2% before falling again. I'll be surprised if support holds here.
nhill Member	Thu Jan 20 17:02:35 That was an example of a potential high leverage scalp, could have had a 10% trade on 10X leverage there. (not my scene, just saying)
nhill Member	Thu Jan 20 17:08:50 $ATOM showing relative strength. Suspect it's going to catch a bid hard on the relief.
nhill Member	Thu Jan 20 17:18:04 $MOVR $NEAR $ATOM <- Relative strength right now. But as I said about a week ago, the real liquidity is around 38K. Still would expect that to be touched before this is all said and done. We're so close and it's literally free money for all the exchanges.
Nimatzo iChihuaha	Thu Jan 20 18:11:21 Good stuff :) Always appreciated. Not been trading much, did an ICP trade some time ago for 20%, but that is it. But I try to use TA for entries like yourself. I did not trust that pump, you know what I did, I even stopped looking :) there is no way we will have any moves up above major resistance before the fed meeting next week. Assuming they try to calm the markets that is.
Nimatzo iChihuaha	Thu Jan 20 18:25:08 Ve snapshot is tomorrow, so there may be a FTM sell off. I am buying back some more :D ATOM/Cosmos is catching wind now in the broader cryptoverse chatter now. SCRT as well.
nhill Member	Thu Jan 20 18:26:01 Yep, FOMC is going to need to provide direction here. My guess is it'll be ugly, create some capitulation, and sweep the liquidity. Who knows though. Plan for all scenarios!
nhill Member	Thu Jan 20 18:26:39 > ATOM/Cosmos is catching wind now in the broader cryptoverse chatter now. SCRT as well. Bout time. I felt lonely there for about half a year. :( The tribulations of the fundamental anaylzoooor
nhill Member	Thu Jan 20 18:34:03 IBC tech is freakin' awesome. And the Keplr wallet is the best crypto wallet I've ever used. Extremely bullish on the $ATOM and IBC eco.
Nimatzo iChihuaha	Thu Jan 20 18:38:37 Stables are loaded and prepared for the worst :) though I have a hard time imagining how the US incumbents are going to swallow that shit sandwich in an election year. Interesting week ahead! Yea I am felt really bad for my Comos bag, but patience will save the day. Don't know if you heard but ADA finally launched their DEX Sundaeswap. One giant congested shit show. lol :) Gotta hand it to their fan base though, they are loyal and patient. That is the one big leverage of ADA I guess, their fans will eat the congested turds and then one day many years from now the tortoise will win the race?
nhill Member	Thu Jan 20 18:40:56 I had a friend try to use DeFi on ADA for 6 hours and didn't get a single transaction to go through. Lol. Sad to see that this played out exactly as I expected. Vaporware. Maybe they just need to wait for their peer reviewers to review the transactions? lol
nhill Member	Thu Jan 20 18:41:54 It's a classic case of Sebs building a crypto. Hype up and get all the academic community enchanted by thousands of pages of white papers and peer reviewed studies. Then when it comes to practical use, it's complete fail. Much like Seb's arguments.
Nimatzo iChihuaha	Thu Jan 20 18:44:44 "Maybe they just need to wait for their peer reviewers to review the transactions? lol" ahahahahaha I almost woke up the family laughing dude :,)
nhill Member	Thu Jan 20 18:45:14 XD
Nimatzo iChihuaha	Thu Jan 20 18:46:58 I imagine Hoskins sitting in a broom closet validating all the transactions with an abacus. Oh my :,)
nhill Member	Thu Jan 20 18:48:04 > Stables are loaded and prepared for the worst :) Smart man. It took me a while- and many potential millions forgone- to understand the importance of a beefy stable. No matter how bullish!
nhill Member	Thu Jan 20 18:48:58 > I imagine Hoskins sitting in a broom closet validating all the transactions with an abacus. Oh my :,) Lmao
nhill Member	Thu Jan 20 21:49:54 Now we’re talking. Soak up those bids… and let’s hope 38K wasn’t spoofed ;)
nhill Member	Thu Jan 20 22:05:16 Yoooo that orderbook is DEEP. Over a billion dollars worth of bids from 29-38K. Ahem. "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" Charts don't lie!
nhill Member	Thu Jan 20 22:20:34 Not much of an impulse yet. Not a good sign. Would not be surprised to see it touch 34K-35K on stop/liquidation hunt. Not sure if people have the guts to long on leverage here and provide enough fuel for the wick. But wouldn't surprise. Even I was claiming 38-39K all along, so I'm sure some people are chomping at the bit to get bids here. But the volume is also lower than I expected in this range. Not going well so far, but, hey. When it wicks, it wicks. Hoping it can push $JEWEL into the $10 range :p
nhill Member	Thu Jan 20 22:25:23 $PTP is holding up really well here. Back into the buy zone for HTF support, hasn't broke structure: http://www.tradingview.com/x/caldZtnX Probably a good bear market play TBH, as people will get caught in the $PTP flywheel while farming stables. It's where I have most of my stables now.
nhill Member	Thu Jan 20 22:26:07 Capitulation could see it dip back down to $4 before a continuation, but, the stables are there if that happens :)
nhill Member	Fri Jan 21 02:10:45 $LUNA stronk. gn
nhill Member	Fri Jan 21 02:14:57 (I don't think this is over yet, still need the capitulation wick IMO)
Nimatzo iChihuaha	Fri Jan 21 03:27:49 The suspense is killing me :)
TheChildren Member	Fri Jan 21 04:10:45 blockchain is a stinkin lie. u dumb fucks
Nimatzo iChihuaha	Fri Jan 21 08:38:00 Nhill If they raise the rates this year there is a real risk for a recession in a fairly sensitive recovery period. Consider the current free fall at the mere talking of rate hikes. It will get really ugly once they materialize.
murder Member	Fri Jan 21 08:46:58 They are 100% going to raise interest rates. Multiple times. There's no if to it.
nhill Member	Fri Jan 21 08:54:00 Yes, that will be bad for all risk assets, particularly the valuation of crypto projects. Crypto technology is another thing, but it'll be impossible to avoid the impacts of a wider recession in any risk asset class.
Nimatzo iChihuaha	Fri Jan 21 09:00:43 Winter is coming...
nhill Member	Fri Jan 21 09:20:47 Appears that way. Back to farming stables and scalping for a while? At least with farming stables you can outperform the S&P as it draws down ;)
nhill Member	Fri Jan 21 10:02:52 Getting the sense we're going to have another relief rally this weekend. Probably a dangerous one that will get sold hard at resistance.
nhill Member	Fri Jan 21 10:03:50 Slowly averaging into various things with my stables, but will most likely take some profits before Sunday afternoon.
Nimatzo iChihuaha	Fri Jan 21 13:43:25 "Back to farming stables and scalping for a while?" Yepp and cooking meth :)
nhill Member	Fri Jan 21 14:14:12 I meant you, not Charles. ;)
nhill Member	Fri Jan 21 17:09:13 At $42395: "nhill Member Thu Jan 20 15:59:43 And now volatility wakes up. Will this be the grand wick down? :)" Now: $35459 Looks like the BTC bottom for today. Man, what a ride! Felt this one coming. Still have concerns that this isn't the monthly bottom (maybe not even weekly), but it looks like the wick is set for the daily at least. Until it's not? :p My stables are mostly deployed here for a relief rally.
Nimatzo iChihuaha	Fri Jan 21 17:13:00 We going back to 28k!
murder Member	Fri Jan 21 17:15:41 Somebody bought bitcoin at > $60,000 A moment of silence.
nhill Member	Fri Jan 21 17:22:45 Someone bought Peloton stock at > $150. A moment of silence.
nhill Member	Fri Jan 21 17:23:21 And yes, RIP to all the Bitcoin top buyers too. See you in a few months!
nhill Member	Fri Jan 21 17:25:19 http://www.tradingview.com/x/qsC9uTH2/ All high beta risk assets are getting hammered this year. Fed gonna Fed.
nhill Member	Fri Jan 21 17:27:28 Good news is you can probably get some cheap treadmills soon.
nhill Member	Fri Jan 21 17:29:25 Highest volume day on the exchanges since May 21st. They got what they wanted. Now relief rally and dump again. :p
murder Member	Fri Jan 21 17:38:02 "Good news is you can probably get some cheap treadmills soon." Not cheap enough. Peloton is French for 100% markup.
nhill Member	Fri Jan 21 17:51:07 But they taped an iPad on it, bro!
murder Member	Fri Jan 21 19:04:23 I'll take the treadmill with the android tablet.
Habebe Member	Fri Jan 21 19:12:41 ETH at 2547! I was happy to buy it at 3k.
nhill Member	Sat Jan 22 00:06:22 There's blood in the streets and it's probably going a fair amount lower. All of 2022 is looking bad for risk assets, macro-wise. Wouldn't be surprised to see it go on a slow burn of bounces and dips down to around $1500 by the end of the year. But, it's crypto. The slightest hint of macro recovery can spark it back up.
nhill Member	Sat Jan 22 00:07:56 I personally thought ETH would have gotten to around 10K this cycle-- it's pretty unusual for it to make new all-time highs months apart and both highs get rejected hard. Caught up in the macro headwinds.
nhill Member	Sat Jan 22 01:15:50 http://www.tradingview.com/x/e4zAv7e2 Massive bull flag on the $PTP/$AVAX pair, but this, of course, is dependent on a relief rally for $AVAX, and strictly sold into for me. Shame they didn't make their LP based on a stablecoin, would have been a great safe haven play.
Nimatzo iChihuaha	Sat Jan 22 06:05:11 Wow complete free fall... I did expect see 2022 becoming this blood bath, I thought the shit fest would commence in 2023 and on wards when everything felt "normal" again. Though in hindsight considering every aspect of the pandemic was turned into a politicized circus, shame on me for ever entertaining the idea that the post pandemic recovery wouldn't be. My dreams of retiring to become a ganja farmer will have to wait...
Nimatzo iChihuaha	Sat Jan 22 06:06:52 I did *not expect 2022 to become this blood bath*
Habebe Member	Sat Jan 22 06:39:10 Nimatzo, To be honest I'm excited. In my lay opinion many crypto is being undervalued due to macro causes. One mans crisis is another's opportunity. Plus I happen to have a bit of disposable income. Im not convinced they are at their bottoms but I have been looking into ETH, Solana and AAVE.Just following.
TheChildren Member	Sat Jan 22 10:17:40 pyramid scam is collpasin like a house of cards!!
murder Member	Sat Jan 22 13:51:32 It could always be worse. You could be El Salvador. There's going to be just enough money left to buy the rope to hang their "CEO" with. Their next president is going to be whoever the hell runs MS-13.
Nimatzo iChihuaha	Sat Jan 22 21:08:44 http://twitter.com/Rekt_Tekashi/status/1484401923449106432 lol
swordtail Anarchist Prime	Sun Jan 23 11:31:42 http://www...tcoin-economy-decentralization
Nimatzo iChihuaha	Sun Jan 23 15:42:30 Fantom TVL has exploded thanks to the Ve 3,3 snapshot, it is now third largest.
Nimatzo iChihuaha	Sun Jan 23 15:43:22 Habebe if you are looking to get into buying something that is severely undervalued, FTM is it.
Nimatzo iChihuaha	Mon Jan 24 05:17:46 Crash below 30k already. We know you want to.
murder Member	Mon Jan 24 05:33:57 Bitcoin was below 30k just 6 months ago. It won't be major news unless it drops below ~ 25k.
Nimatzo iChihuaha	Mon Jan 24 05:39:33 Stop cluttering the thread with your stupid comments murder.
nhill Member	Mon Jan 24 08:29:17 Yeah, bad vibes only man! Bought some $wMEMO at 47K for the first time since selling $TIME around 7K. Trading under backing price, why not. Although backing price can decrease based on the value of treasury assets, so it's not risk free... but they start buybacks under backing price, so I took a flier here.
nhill Member	Mon Jan 24 08:59:50 http://www.tradingview.com/x/f6kHwNWI Bull flag still in play on the PTP/AVAX pair. Not that it matters too much right now, as a rally is predicated on $AVAX/$BTC stopping the bleeding. I still have my position to boost the APR in the stable farms. Has held pretty well in the demand area: https://www.tradingview.com/x/uSoatD2S Save the squiggle!
nhill Member	Mon Jan 24 09:08:27 http://pbs...c9Bw?format=jpg&name=4096x4096 Interesting dispersion from start of year.
nhill Member	Mon Jan 24 10:11:37 http://sno...85314b283a997321d2de8373268d76 As expected, million dollar buyback on $wMEMO.
TheChildren Member	Mon Jan 24 10:22:14 whats that sound? dat da sound of ownage comin right at ya :D
TheChildren Member	Mon Jan 24 10:27:09 on ur left boi.
Habebe Member	Mon Jan 24 10:27:11 Nimatzo, Thanks I'll check into it.I may wait a bit and asses this crypto winter or whatever it is. But I have a few K that's just sitting around and want to do something with it.
nhill Member	Mon Jan 24 10:28:44 http://www.tradingview.com/x/Nb1kc7u0 skipped my planned $JEWEL buy at $10 because market was dumping. Targeting $5-6 if we can get it before I buy. Sold initial bag around $21, been DCAing since. Hoping to reduce my cost basis under $10. Some new airdrops announced should stimulate demand heavily on this fabled relief rally, but it's all up to FOMC now.
nhill Member	Mon Jan 24 11:06:36 Habebe, couple things: $FTM is a good play relative to $SOL. $AAVE is a farming token, it's inflationary and given out as rewards for users of the platform. That caps the upside. It doesn't mean it'll perform badly, but something to be aware. If I would make one recommendation for 2022, it would be $ATOM. $ETH is a safe bet (relatively speaking), but it doesn't have a ton of upside as competitors keep taking away market share. $ATOM is a new paradigm... $ATOM to $ETH is like $ETH to $BTC, IMO.
TheChildren Member	Mon Jan 24 11:11:41 now is on ur right...
nhill Member	Mon Jan 24 11:56:04 http://www.tradingview.com/x/PmQTkkdK Um... $MAGIC caught a 250% bid in 6 hours? Epic.
nhill Member	Mon Jan 24 11:57:24 Shit TC, if you would have had your lunch money in $MAGIC, you'd be able to afford McDonalds tonight.
TheChildren Member	Mon Jan 24 12:09:27 i happen 2 be enjoyin chicken dinner 2night. juicy roasted chicken with some rice and some cabbage on da side. owned, kid.
nhill Member	Mon Jan 24 12:20:55 Mommy cooking again tonight?
Nimatzo iChihuaha	Mon Jan 24 12:25:06 I put some more in the Trisolaris farm, but I stopped when things went into free fall. The shopping spree I had anticipated for 38k didn't happen. Put more stables into PTP. LUNA is interesting to have in the mix, it seems to have limited down side even as everything is falling and quick to recover. LUNA and ATOM are definitely two I am increasing a stake in.
nhill Member	Mon Jan 24 12:46:05 Nice, I had more buys planned, too, but the nose dive prevented me from doing much more than loading up on $PTP and $ATOM. I used the $CRO-$ATOM LP on VSS Finance to yield farm my $ATOM position (along with the osmosis bags I already had packed). $LUNA $FTM $ATOM $NEAR These are my favorite L1 positions at the moment.
Habebe Member	Mon Jan 24 15:04:07 $ATOM cosmos?
Nimatzo iChihuaha	Mon Jan 24 15:37:05 Yepp http://coinmarketcap.com/currencies/cosmos/
nhill Member	Tue Jan 25 11:23:30 http://www.tradingview.com/x/qrHoGkF9 This is insane and completely saved my portfolio...at portfolio all time highs again. Been a lucky drawdown for me between $JEWEL and $MAGIC, my 'stablecoins' this time around. :p
nhill Member	Tue Jan 25 11:24:35 Also, that was an epic bull pennant on the chart. Didn't check it before bed last night but woke up pleasantly surprised.
nhill Member	Tue Jan 25 11:28:28 $JEWEL bought avg ~$6, sold avg ~$21, rebought avg ~$11 (risk free w/ double profits secured), now $8.58 $MAGIC bought avg ~$1.5, sold avg ~$4m rebought avg ~$2, now $3.56 These two plays along cancelled out all my losses from November and put in positive PnL. Guess GameFI it is, who am I to argue w/ the market...
nhill Member	Tue Jan 25 12:13:51 http://twitter.com/thecosmicguild Another GameFi project I'm eyeing. I bought a small locked amount today for $0.19 / $MAGIC (same ticker, I actually found it mistaking it for Treasure on Harmony). High r/r play as it's currently locked (a little unlocks each block) but trading at $1.29. But it's an inconsequential amount. Still learning about their game, the information is super disorganized. Will load my bags more thoroughly if I like what I see. 2022 may be the year of GameFi, so I'm going to position a bit more aggressively.
Nimatzo iChihuaha	Tue Jan 25 12:41:15 That is really nice :) I positioned carefully going into this year, much of trisolaris/NEAR farm is in a stable pair, also have big bets on the fundamentally strong chains we keep mentioning LUNA, FTM, ATOM and been taking profits into MIM stash. So considering this massive overreaction I managed to have a relative soft landing. +20% since October.
nhill Member	Tue Jan 25 13:22:23 Those are good choices and my primary allocations, too. Still have a hard time allocating a big chunk to individual GameFi projects, feel most comfortable in quality L1s like $ATOM. But I'll be looking to add a diversified portfolio of GameFi stakes this year, that, in total, may approximate an L1 position.
nhill Member	Tue Jan 25 13:24:21 Also bought some call options on Microsoft today. Their earnings report should set the tone for the market tomorrow, and, with the recent nasdaq selloff, is primed. But I won't be exercising them. Will flip them tomorrow.
nhill Member	Tue Jan 25 16:07:16 No bueno on the call options.
nhill Member	Tue Jan 25 17:00:38 http://www.tradingview.com/x/0mmSKO3C CyberDAO launched on FTM. Another GameFi position of mine. $20 was the presale price so you don't have to worry about getting dumped on later, at least right now. I think that's the big problem with most $OHM clones, is they price the presale tokens at like a $100,000 market cap or something equally ridiculous. Then when it goes 20X you get the massive dumps. And usually they are whitelisted...hate white lists. This one was launched fairly. There was a whitelist based on engagement activities through discord, but they also have left many opportunities to buy at presale price because it sold at a market cap of $1,000,000. Much more reasonable. 8,498,711,867,137,368,000% APY right now, lol. Mainly because of the low amount of stakers (first rebase just happened). It'll taper out. I have no idea why these projects think quoting APY is a good idea at this point, but whatever. It's 4.0607% inflation on the next rebase. That's all the matters. Perfect opportunity to get in before the rebases dilute the cap.
nhill Member	Tue Jan 25 17:42:07 Well, I spoke too soon. Looks like my Microsoft calls are going to print money in the morn'!
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