Utopia Talk / Politics / Crypto Corner

nhill Member	Tue Jan 25 17:47:23 FOMC tomorrow is biggest even of the year for risk assets. Seemed like slightly good news was being priced in today. Remember, insider trading isn't illegal in crypto, so the news can be traded legally there. Who knows though. Sitting on hundreds of $MSFT calls, if the price stays where it is now it'll be a nice 30-40% overnight profit.
nhill Member	Tue Jan 25 17:48:04 http://uto...hread=89220&time=1643154127126 ^last thread
nhill Member	Tue Jan 25 18:46:27 My wallets are various due to risk profiles and such. My leading wallet is +3403% since 1/01/2021, and my worst wallets are obviously -99%. Overall gains are around +328%. Gonna be tough to replicate that now, though, as many small caps have become ineligible due to lack of liquidity.
nhill Member	Tue Jan 25 19:01:28 Ethereum is +235% in that same time period, so it's not like I outperformed it to an unusual degree. But the portfolio strategy of high diversification while still outperforming is driven by the small caps. You can fail on 7/10 small caps, and the 3/10 that make it will negate the entire loss (if using an even distribution). That's the key to becoming sustainably wealthy through crypto. When I was a small fish, it was closer to +3000% potential because limited liquidity and sales didn't skew the results. But once you get to a certain point, it makes less sense, as the risk/reward inverses (more risky because of low liquidity, and often smaller rewards unless you whale it up, but whaling increases the risk even further).
Nimatzo iChihuaha	Wed Jan 26 08:55:21 Strange that we have a rally in the days/hours before the fed meeting info has come out.. Insider trading? :)
nhill Member	Wed Jan 26 09:04:11 We can only hope. :p
nhill Member	Wed Jan 26 09:07:51 Booked +36% on my Microsoft earnings option trade. If you think crypto is volatile, you ain’t seen nothing yet. Short expiry option positions can go +1000% or -100% in minutes. :D
nhill Member	Wed Jan 26 09:40:28 http://ark-invest.com/big-ideas-2022/ Ark released their yearly risk-on report.
nhill Member	Wed Jan 26 09:49:40 Executive summary: ARK Expects Cryptoassets And Digital Wallets To Command Nearly $50 Trillion In Equity Market Capitalization By 2030 2030 Predictions: $ETH $145,600 $BTC $1,000,000
nhill Member	Wed Jan 26 09:54:07 I'm sure ARK doesn't employ any quality researchers like Seb, tho. So I'll take it with a grain of salt.
Nimatzo iChihuaha	Wed Jan 26 09:59:43 Yea probably nothing :)
murder Member	Wed Jan 26 12:35:55 "ARK Expects Cryptoassets And Digital Wallets To Command Nearly $50 Trillion In Equity Market Capitalization By 2030" That seems modest. Probably just trying to keep expectations from getting out of control. I bet Cathie Wood looks hot in a black turtleneck. ;o)
nhill Member	Wed Jan 26 13:42:47 Murder, I've seen some pics and she was hot in her 20s. ;) I think 50X growth in 8 years as fairly reasonable, and would put us well on the way to my original prediction that crypto will be used for the majority of finance by 2050. But I'm generally conservative, too, so could happen faster.
nhill Member	Wed Jan 26 13:44:16 FOMC meeting was a dud for both bears and bulls. Summary of the meeting: We are proceeding exactly as we said and will hike rates in March. No surprise rate increases (would have crashed the market) and no back pedaling (would have spiked the market). Ah well. Back to yield farming then.
nhill Member	Wed Jan 26 13:44:55 Maybe Daddy Powell will throw us a bone in March. At the expense of the middle class, of course.
Nimatzo iChihuaha	Thu Jan 27 17:16:59 Wow wonderland implosion across the entire eco system after their CFO was doxed as a former convicted fraudster...
Nimatzo iChihuaha	Thu Jan 27 17:21:44 Worried there may be a contagion effect here as I have a lot of MIM.
nhill Member	Thu Jan 27 18:06:16 MIM should be fine, as it has plenty of levers to maintain the peg. In fact you can arb MIM pretty hard right now, gaining up to 2% in stables on a lot of platforms. But you'll have to wait until the dust settles to claim the arb. But either way, this is a shitshow. Funny how all the drama happens on the way down.
nhill Member	Thu Jan 27 18:07:05 But this goes back to why I exited all my Dani coins ($ICE, $SPELL, $MIM). He was always starting shit with people. Making enemies is not a good strategy when you're handling billions of dollars.
nhill Member	Thu Jan 27 18:09:41 Apparently he knew Sifu had a rap sheet for a couple months but was open to "giving him another chance". Yeah, handing someone a multisig key to a billion dollars that has committed fraud multiple times. What a bonehead move.
nhill Member	Thu Jan 27 18:13:49 The FUD did allow me to buy some $PTP around $1.50. They closed their $MIM pool, and it caused a panic sell. Still farming my stables there for now.
Nimatzo iChihuaha	Thu Jan 27 18:37:13 Platy delisted mim. I do not understand the gamble for his part, he has a pretty solid reputation.
Nimatzo iChihuaha	Thu Jan 27 18:37:37 Oh didn't update before post.
nhill Member	Thu Jan 27 18:44:17 I think delisting MIM is logical. Let the volatility settle, and they can list it again once things settle (provided it does). It's too early in the protocol to risk extra contagion. E.g. imagine if they left $MIM there. Most people would swap to another stable, but what happens to the people that don't? They'd get massive $PTP rewards since the MIM pool was allocated 25% of the rewards. Perhaps the market would have sorted it out, but I'm sure a lot of the people farming massive rewards would dump. The tokenomics don't work very well if the pools are vastly unequal. Hopefully they can address these weaknesses in future updates. It's literally been 10 days since their full release. :D
nhill Member	Thu Jan 27 18:49:51 http://bit...er-of-national-security-report Good news for crypto. May not be good news for the price, really depends on how the regulations are stated. But good for the paradigm.
Nimatzo iChihuaha	Fri Jan 28 06:39:21 Wonderland -> MIM -> UST -> LUNA Because of the degen box, the FUD/contagion has reached that far. Thank god I haz plenty of stables. I got out of MIM, managed to do a quick trade via FTM and get out on untouched by the loss of peg.
nhill Member	Fri Jan 28 14:35:30 Nice, glad you were able to avoid the worst of it. I took a small loss swapping a bunch of MIM on CRV (~1%). Unfortunately $LUNA got caught up in the noise...that bag I had farming on DFK is RIP. Possible we could see $LUNA touch $30 here. I'll reload if it does. Looking at $PTP chart, apparently I made the bottom lol. There were a few fills after me a bit cheaper, but that DCAed tranche is up 35% since buying the blood. Still down about 15% tho as I've been DCAing since $7. As long as $PTP stays above $2, I'll be making bank either way, as I'm caught up in that $vePTP flywheel with over 100% boosted APR on the stables. Fingers crossed. I'll keep DCAing PTP tho, as the long term play is getting a chunk of the emissions. Ideally a 300 day play.
nhill Member	Fri Jan 28 15:42:07 Did something uncharacteristic and locked my $MAGIC tokens for a year in the Atlas Mine. It's not entirely risked for a year, as the emissions aren't locked, but still have never done this before. But at this stage of the project it seems like a good call (insanely ambitious long term roadmap).
nhill Member	Fri Jan 28 15:43:33 Not to mention all those tokens are risk free since I already rode the initial position and sold for over 200% gain. The leftovers matched the amount of my initial stake in USD terms, but, even if it went to 0, I'd still have doubled it. Made the decision easier.
nhill Member	Fri Jan 28 15:46:03 http://www.tradingview.com/x/v90VwHNv One of the few charts that didn't break structure in the bear market so far. Still waiting to compound some gains back into $JEWEL. $JEWEL got sold off about 60% because the OTC market opened up for locked $JEWEL.
nhill Member	Fri Jan 28 16:05:26 Not saying I'd recommend an entry now though, in fact I would not because it's right at resistance. Just sharing.
Nimatzo iChihuaha	Sat Jan 29 11:47:52 lol it does not stop TOMB and Grim are having a fall out. Hmm I have an idea given the experience from VAL. If Wonderland is being liquidated, which there is a good chance that the vote will lead to that, that is a 45% discount right now from the backing price. Of course if the vote does not lead to liquidation then the price may dump because I am not the only one having this idea (looks at the price) and those people will like dump their tokens. That is the only real risk I can see, Daniele is fully doxxed, he fucked up with this, but he is not a crook. He wants to repent if anything so he can continue working in this space.
Nimatzo iChihuaha	Sat Jan 29 12:05:49 Though I guess a problem could be that the liquidation will be payed out in MIM and god knows what will happen to MIM after this. Have not decided yet, maybe if the price dumps a little. I don't know about being abrasive and making enemies, short term that may create volatility, but in the long run if you deliver and manage to strengthen the community, then it doesn't matter. Which Daniele did. A whole other thing to buddy with a convicted serial fraudster. If he had thrown sifu out as soon as he found out, he could have come out of this stronger, but instead he chose to do nothing and when the news break defend him. Clearly he was not as smart as we thought he was... Again it comes down to the human factor. Layers of it this time.
Nimatzo iChihuaha	Sat Jan 29 12:13:22 Hmm, actually you will get a bunch of different token. With VAL the entire treasury was MIM so you got paid in MIM, but a good chunk of the Wonderland treasury is not MIM.
Nimatzo iChihuaha	Sat Jan 29 12:20:07 http://i.redd.it/smexgtdxele81.png lol whales are buying TIME and voting Yes to liquidation. If Dani needed a reason to not liquidate this would be it, looking out for the little frogs. This is a shit show, but I honestly do not know if I like this.
nhill Member	Sat Jan 29 12:41:43 Hard to say how it'll all shake out. I'd be 80% confident that you'll be recompensed for buying under backing price. With $VAL it was more like 95%. It's a legit play, tho. I happen to be focused on GameFI allocations right now (accumulation), so I'm out of the Wonderland.
Nimatzo iChihuaha	Sun Jan 30 05:09:42 Looks like the frogs are gonna keep Wonderland alive.
Nimatzo iChihuaha	Tue Feb 01 11:03:19 India has legalized Crypto. Though from what I read, a bit of a double edged sword this one depending on which outlet you read. They have put it in the highest tax bracket and you can not deduct losses from your gains. Still, this legislation is one step on the road of removing uncertainty. Looks like the markets are liking the news.
LazyCommunist Member	Thu Feb 03 10:59:04 Why do you read about crypto scams and thieves every day? http://the...-for-an-estimated-322-million/ Cryptocurrency platform Wormhole hacked for an estimated $322 million A threat actor has abused a vulnerability in the Wormhole cryptocurrency platform to steal an estimated $322 million worth of Ether currency. The attack took place earlier today and impacted Wormhole Portal, a web-based application—also known as a blockchain “bridge”—that allows users to convert one form of cryptocurrency into another. Bridge portals use “smart contracts” on the Ethereum blockchain to convert an input cryptocurrency into a temporary internal token, which they later convert into the user’s desired output cryptocurrency. The attacker is believed to have exploited this process to trick the Wormhole project into releasing Ether (ETH) and Solana (SOL) coins far beyond the input they initially provided. According to reports, the attacker stole crypto-assets worth $322.8 million at the time of the attack, and which have depreciated to $294 million due to price fluctuations following news of the hack. While a Wormhole spokesperson has not returned a request for comment on today’s incident, the company has confirmed the attack earlier today on Twitter and has put its site into maintenance mode while it investigates the incident.
Nimatzo iChihuaha	Fri Feb 04 10:57:17 BTC broke out of the death trend.
Nimatzo iChihuaha	Sat Feb 05 04:53:33 What kind of bullish confirmation are you looking for Nhill?
nhill Member	Sat Feb 05 13:56:56 Been out of the game for a bit while we tour some state parks. :) My bear market strategy is to travel, farm, and chill. Not deploying any stables (~30% stable now) because I'm happy farming w/ my $vePTP boosts. The rest of my bags are yield farming various L1 and GameFi positions. Don't plan on touching them regardless of what the market does (of course, I could change my mind tho). Farm and chill for now. Successful retest around 39.7-40.2K would confirm me as a low time frame bull. If I was trading, I wouldn't long or short right now. Better than expected news in March FOMC would make me a high time frame bull.
nhill Member	Sat Feb 05 13:58:45 I'm going to get 6 figs of cash in March (RSU stock payout from my career as engineer), so nothing really interests me much at the moment.
nhill Member	Sat Feb 05 14:13:48 And to be clear, by short time frame bull, I basically mean I'm bullish until FOMC.
Nimatzo iChihuaha	Sat Feb 05 15:09:23 Good for you my man :)
nhill Member	Sat Feb 05 15:51:24 Thanks! How you been?
Nimatzo iChihuaha	Sat Feb 05 16:17:23 Things are slowing down a bit, not just in crypto, it's the calm before the storm I guess, that new baby boy is due this month. Other than that things are fine :)
nhill Member	Sat Feb 05 16:28:44 Fingers crossed that he sleeps well! Otherwise this will be you: http://pbs.twimg.com/media/FFuL9vBVEAMZqr5.png ;) Becoming a dad was by far the best thing that ever happened in my life. Enjoy it!
nhill Member	Sat Feb 05 16:29:49 (moreso the guy in the picture, not the technical analyzoor part)
Nimatzo iChihuaha	Sat Feb 05 17:25:44 haha :) plus add 15 years and yea, fat chance of him sleeping well!
OsamaIsDaWorstPresid Member	Sat Feb 05 20:02:27 nimso and nhill suking eachothars coks in a gay orgie aftar losin all there monie on da crypto crash rofl
nhill Member	Sat Feb 05 21:52:57 Which crash? The one that we rode $JEWEL from $6.50 to $20 and tripled our money? That was given publicly in these threads?
nhill Member	Sat Feb 05 21:55:18 Btw if you want to see crashes, check out Peloton stock. It "crashed" harder than Bitcoin these past few months. It's macro headwinds is all. Has nothing to do with the viability of crypto as the next phase of digital development for humanity. Risk assets went down. DURRR ;)
nhill Member	Sat Feb 05 21:57:12 > fat chance of him sleeping well! Hey man, my 2nd kid (out of 5) slept through the night within weeks. It was a breeze. Seems to be luck of the draw on this! 20% probability (anecdotally) is not too bad ;)
nhill Member	Sat Feb 05 21:58:13 Somehow me being 36 with 5 kids makes me feel older than you being 40 with 1 kid about to pop.
Nimatzo iChihuaha	Sun Feb 06 08:11:18 This will be the second one :) I am just going based on my own fight with sleep when I was a baby and the boy we have, he does not like going to sleep :(
nhill Member	Sun Feb 06 13:17:52 Doh! Yeah I keep forgetting you had the first one, heh. :)
nhill Member	Mon Feb 07 12:11:00 BTC giving vibes of not giving a pullback. If we can flip 43K into support today, that would be enough confirmation for me. Otherwise I'd look for a long around the 40K area, and, if that doesn't hold, imagine we visit range lows again.
Nimatzo iChihuaha	Mon Feb 07 17:06:08 Good vibes. May soon have to deploy some stables :)
nhill Member	Mon Feb 07 17:54:30 http://www.tradingview.com/x/oY0zWHvP Here's a good one to ape if we remain bullish. $SPELL equivalent protocol for Arbitrum, only 16M circulating mkt cap right now. App launches tomorrow.
Habebe Member	Mon Feb 07 19:41:39 Did Nimatzo call it? http://bit...sses-restrictions-with-bitcoin Canadian truckers convoy circumvent government seizure of funding embracing bitcoin.
Nimatzo iChihuaha	Tue Feb 08 03:58:30 Well not really, but I said tell me we need crypto, without telling me we need crypto, in that thread. Go go crypto truckers! :D
nhill Member	Tue Feb 08 10:08:23 Yeah nobody needs gofundme for donations. Just drop a btc/eth address and you're good to go. Amazing how even the simplest crypto operations bring value to the people over traditional implementations. BuT wHeRes ThE VaLuE amirite?
nhill Member	Tue Feb 08 10:09:09 Looks like we just got our 43K retest I was waiting for, and now we get to see if it holds. It's looking pretty good so far, and the stock market is leading up.
nhill Member	Tue Feb 08 11:40:19 Looking like a good shorting opportunity, actually. Seems to be in the process of flipping support into resistance. 42834 is the current price. Could be a deviation under support (in which case it should blast straight to ~44K after deviating), but I'd be shorting ~43K with a tight stop loss if it tags it again (if I was trading). Still don't see a good entry here to deploy the stables. May need to wait for 39-40K for that
nhill Member	Tue Feb 08 11:44:58 But, anyways, about to go put a deposit down on a new 2022 RAM PROMASTER® 2500 CARGO VAN HIGH ROOF 159" WB (in caps because copy/pasta). We're going to make this into our little mini love RV for when my wife and I go on trips without the kids. The RV doesn't fit very well in some of the national/state parks around here, but the van will be perfect. Gonna look kinda like this: http://cdn...omaster-camper-lead-image.webp But we're going to do the full build ourselves over the summer (3 month lead time for new vehicles, ty supply chain). Should be a fun project!
Nimatzo iChihuaha	Tue Feb 08 11:48:25 Sweet family tank away from the home base :)
nhill Member	Tue Feb 08 12:23:42 Indeed :D BTC still crabbing around at support. Don't like it when price action does this...usually when support keeps getting tagged over and over again it breaks. But I think it'll be a couple hours before we see confirmation either way.
Nimatzo iChihuaha	Tue Feb 08 13:31:58 Yea I am sitting still. The recent commotion both with gofund me and spotify may boost the anti censorship narrative. Any good decentralized bets there?
Nimatzo iChihuaha	Tue Feb 08 13:37:28 Accounting Giant KPMG Invests in Bitcoin and Ethereum http://www...n-bitcoin-and-ethereum-5218436 Probably nothing :)
nhill Member	Tue Feb 08 15:02:07 http://www.tradingview.com/x/bge8ZQrW Well I did say that if it deviates we'd see it instantly go to 44K, and it did. Bear trapppppp
nhill Member	Tue Feb 08 15:06:48 > Any good decentralized bets there? Hmm, good question. No idea. I've heard Audius thrown around during this whole fiasco but I don't know anything about the project.
murder Member	Tue Feb 08 15:17:32 Thank me later. ================================= RSN @puttinyadown This is who stole 120k from the bitfinex hack http://twitter.com/puttinyadown/status/1491104089971003393
nhill Member	Tue Feb 08 15:35:55 The funniest part of that story is the govt seized the crypto because they stored their private keys in a Google Document.
nhill Member	Tue Feb 08 16:01:12 I deployed a tranche of stables, down to 20% now
nhill Member	Tue Feb 08 16:04:23 WETH + Metis yield farm on Netswap if you're curious.
nhill Member	Tue Feb 08 16:07:47 Alts gonna run hard now, IMO, if BTC holds 44. BTC pairs got smoked today and are destined to mean revert. Metis entered at $150.80. I rolled and sold Metis in January at around $250, re-entering now. 8)
nhill Member	Tue Feb 08 16:09:04 $AVAX looks really good here, too. The BTC pair has a nick wick to fill to the upside. Going to farm some on DFK.
nhill Member	Tue Feb 08 16:19:01 "nhill Member Thu Dec 23 11:00:55 One small cap I've been accumulating this past week is $MAGIC. Proven team behind the loot NFT project (abstract lists of loot that games can use in the metaverse). This project is very ambitious and is designed to be the reserve currency of the metaverse. They've already released an NFT marketplace for more metaverse abstractions." Price then: $1 Price now: $4.19
nhill Member	Tue Feb 08 16:22:02 Still only $119M market cap on $MAGIC ($744M FDV). Plenty of juice left in this one. It has the team and the roadmap to 4x from here (4x would make it worth about as much as $JEWEL is now). The Bridgeworld game is pretty similar to DeFi Kingdoms. I don't have any legions or anything yet, though. Just staking in the mine for now until the market stabilizes on summons and such.
nhill Member	Tue Feb 08 16:26:15 Ready for GameFi summer? ;)
nhill Member	Tue Feb 08 16:39:15 Education time, classic deviation: http://www.tradingview.com/x/G5KttWTI/ See how it tested support multiple times, finally broke it, and then retested under support. Looked like a perfect short setting up, and then BOOM. 44K. That's why you wait for the retest before pulling the trigger. Most that candle was early shorters getting liquidated. Pretty common to see around support & resistant, which is why those levels alone aren't enough to trade successfully. Gotta learn how to flow with 'em too.
Nimatzo iChihuaha	Tue Feb 08 16:53:38 Nhill "WETH + Metis yield farm on Netswap if you're curious." I started checking and it reminded me, where do you fall on this ZK vs optimistic roll up? I am ready for a new GameFi play, not that I have yet started Defikingdoms, still humble farming, but another bet wouldn't be bad.
murder Member	Tue Feb 08 20:32:57 What you need to know about reporting your crypto to the IRS The IRS has been cracking down on cryptocurrency reporting—it’s a huge compliance target. That means they are devoting resources to ensuring that taxpayers are properly reporting crypto. Here's what you need to know for filing this tax season. ====================================== Bloomberg Tax @tax Q: When do I have to report my crypto to the IRS? A: Report crypto taxable events when you file your Form 1040. Taxable events typically include the sale or exchange of crypto or using crypto to pay for goods/services—but other transactions like forks may also be taxable events. http://twitter.com/tax/status/1491046222135951361
nhill Member	Tue Feb 08 22:19:42 ZK is clearly the better tech to me, as it supports privacy applications by default and reduces the amount of storage space required to validate the blockchain. So it adds a feature (privacy) and is more scalable. In theory. The downside-- despite a proliferation of papers and theory on the subject, they have yet to have a scalable implementation that supports smart contracts.
nhill Member	Tue Feb 08 22:21:04 I don't have a strong opinion on the viability long-term, tho. As we learned with $ADA, all the great academic theory in the world does not automatically create something useful. But if it delivers, it has more value than optimistic rollups.
nhill Member	Tue Feb 08 22:23:17 murder They're probably going to regret that this year. Most crypto traders are in the red, 2021 was a complete wash for the bigger coins. People will probably deduct more losses than gains, and the IRS will waste a bunch of time/money trying to track down the winners that will evade them by moving to Dubai. But it's always good to see more clarity in the regulatory system. More evidence that crypto is the future.
nhill Member	Tue Feb 08 22:26:43 > I am ready for a new GameFi play, not that I have yet started Defikingdoms, still humble farming, but another bet wouldn't be bad. My three main plays right now are broken into large, medium, and small-caps. Relative to the rest of the GameFi ecosystem. Large: $JEWEL Medium: $MAGIC (Treasure on Arbitrum) Small: $MAGIC (Cosmic on Harmony) and $DCAU (Avalanche) are the main stakes. Quite a few smaller stakes in other promising small caps. The list varies at times due to the space moving fast, but $MAGIC Harmony) and $DCAU (Avalanche) are the constants.
nhill Member	Tue Feb 08 22:28:28 Also have NFT stakes for GameFi, like owning 2 sloties (slot machines with NFT rewards that are being integrated into real life casinos, and you get a portion of the profits). But, in general, that seems to be the budding sector right now.
Habebe Member	Tue Feb 08 23:13:40 http://twi...?t=vbSWclgQwfdVA5QWiwxd3g&s=19 Bitcoin being accepted as currency in Russia.
Dukhat Member	Tue Feb 08 23:34:47 They’re going to need acess to some kind of financing it when they get cut off for invading Ukraine.
nhill Member	Tue Feb 08 23:48:04 Nimatzo This example is very instructive, I think. http://www.tradingview.com/x/G5KttWTI/ The question to me, is why this behavior tends to happen? What do you think? Price action provides clues into the psychological behavior in how humans think about an asset at a particular price point. This is because market buys are what moves the price, not limit buys. So what thought process do you think explains this pattern?
nhill Member	Tue Feb 08 23:50:09 By this "behavior", I mean a very clear support level is established by the price and volume in the chart (i.e. you can see that people are willing to buy at this price very easily). And then that support level breaks, is retested, holds, breaks, and is retested again. This is normally a short trigger. What behavior explains the short trigger, and why did it not work out here?
nhill Member	Wed Feb 09 11:49:00 New play: $FABRIC http://www.tradingview.com/x/3cj7Afa3 Social network play for NFT holders. Unique sector and value proposition. Market cap is only 7M USD right now, but that's because it was an airdrop token (so it's not quite as good of a deal as it looks, as people usually sell these off). Looks like most the airdrop has been sold off at this point. But, anyways, it's pretty cool. You can mint an ID that's used in the metaverse and chat with other people pseudo-anonymously. Can be bought on pancakeswap if you are buying $1K or less. Otherwise need to use Ethereum and eat the gas fees.
Nimatzo iChihuaha	Wed Feb 09 13:04:57 Nhill "all the great academic theory in the world does not automatically create something useful." It it mostly narrative driven then based on what is possible on the back back of a napkin. Well I am riding the ZK roll up narrative with MATIC, but I think a hedge is in order and METIS sounds good. "So what thought process do you think explains this pattern?" That is a difficult one. I am too uneducated to ponder the why question in trading psychology. Do you have an speculations yourself? Gonna take a look at MAGIC on Harmony and FABRIC :)
nhill Member	Wed Feb 09 15:02:29 Been mulling on it. I actually had an answer yesterday when I typed it up but wanted to hear your thoughts first. But I was a bit stoned at the time and can't remember precisely. It'll come back to me. > It it mostly narrative driven then based on what is possible on the back back of a napkin. Well I am riding the ZK roll up narrative with MATIC, but I think a hedge is in order and METIS sounds good. Yup, I think that's fair. Their Mir acquisition gives them that ZK narrative juice, and revitalized $MATIC! Metis is a good optimistic rollup play. It's code is extremely similar to what was formerly known as ETH2 (except the $METIS token instead of $ETH). It has some pedigree, Vitalik Buterin's family is involved w/ it and he consults with them informally (according to him on the UpOnly podcast). $MAGIC on harmony is the most speculative play I'm doing in GameFi. High risk/reward. But I'm a bit spoiled, I bought my tokens OTC for $0.60, so they were way in the money upon buying them already. The tokens are locked but emit slowly over the next few months. As long as the price stays about that it'll be a win (currently $1.71).
Nimatzo iChihuaha	Wed Feb 09 15:29:53 "But I was a bit stoned at the time and can't remember precisely. It'll come back to me." lol that is the problem, I always get great ideas on weed, but then I forget :( Which reminds me that I need to get some weed soon.
Nimatzo iChihuaha	Wed Feb 09 17:02:36 Don't know if you have followed the Anchor/Luna news. But Anchor is like the heart of UST and in extension the Terra ecosystem and because of market turmoil, not enough lending is going on, but a lot of saving. It is sapping the yield reserver that pays out the 20% APY on UST. It is likely that this FUD is holding the LUNA down right now. However there are signals that they will refinance the reserver with 450 million USD. It is pretty much a safe bet that it will be refinance given that Do Kwon himself has gone out and said. They will to buy more time so the dev team can open up lending against more collateral than just ETH and LUNA. Once the refinancing is finalized, LUNA may start making some big moves.
nhill Member	Wed Feb 09 17:08:38 Nice, thanks for the alfa! I did not know that. Hard to keep up with everything. I'm listening to the AMA on $MAGIC (Cosmic Harmony) right now. :)
Nimatzo iChihuaha	Wed Feb 09 17:11:54 ICYMI Tomb/2omb/3omb are forming a trifecta in a partnership. Obviously not without turmoil and drama since Harry first implied all Tomb forks were scams, to then do a 180 and partner with 2omb/3omb. He didn't really but that is how the degens took it. Plans are to move the current FTM-T/2/3omb LPs over to Spooky and create new LPs for Tomb/2omb/3omb and the respective shares. Obviously a shit show in the short term. Apparently 2omb was a school project that a 16 year old dude created, how about that. Now he left the project to focus on school and dumped his shares. LEL :) Ofc I have aped into the sweet 5-7% daily APY with the risk free still large Tomb farm that I had.
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