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Utopia Talk / Politics / Crypto Corner
nhill
Member
Mon Jun 06 09:19:23
Recent topics covered:

Crypto bottom with confluence at BTC ~20-21K and ETH ~1.2-1.3K.

Platypus Finance being nhill's most bullish play if we see a market recovery.

Habebe asking why real estate top isn't bearish for crypto.

Anything else?
nhill
Member
Mon Jun 06 09:26:28
The other thing you absolutely have to be doing right now is using Arbitrum. It will most certainly airdrop in the next 12 months and early (and often) users will be rewarded.

Remember, some people got airdrops worth 5 figures from Optimism just from using it. They didn't have large bankrolls or anything.
Habebe
Member
Mon Jun 06 09:27:14
It was my mistake to not specify in a crypto thread that I actually meant tock markets. My gut is saying we have good chance to see Crypto bounce back before the stocks market.
Habebe
Member
Mon Jun 06 09:27:15
It was my mistake to not specify in a crypto thread that I actually meant tock markets. My gut is saying we have good chance to see Crypto bounce back before the stocks market.
nhill
Member
Mon Jun 06 09:28:17
Habebe I'm going to use this thread just because it was first by about 6 minutes.

"Nhill, My mistake on not clarifying I was talking bearish on the stock market soley.

I get what your saying about 16-17. But Im curious about historical precedence on a few things.

1. Have we had bulls accompanied by such high gas price spikes?

2. This is sort of unique (maybe not) that we are raising rates so much during a bear market, usually it's to cool down an over heating market.

3. I think alot depends on how big of a RE bubble there is and what forces are at play.

-------

But to take it back to Crypto, seeing a bounce since last night."

Ohhh I think we are on the same page then, I thought you meant crypto.

As for 2016-2017, that was a typo. The housing market topped in 2006, not 2016.
Nimatzo
iChihuaha
Mon Jun 06 09:29:29
Nhill
Still farming PTP, didn’t buy any despite intentions to do so, but I get scared easily and this entire year has been out of Stephen King novel. So every time I patted myself on the back for not buying as we crashed lower. I like PTP, I liked how they pulled the plug on MIM in the blink of an eye. Gave me good vibes, despiting holding MIM at the time. Appreciate the enumerated bullish case for PTP.

So far:
PTP
NEAR
nhill
Member
Mon Jun 06 09:29:56
>My gut is saying we have good chance to see Crypto bounce back before the stocks market.

Your gut must have checked the charts, because that has historical precedent. You've got a smart belly ;)
Habebe
Member
Mon Jun 06 09:30:07
Arbitrum, you say? Im intrigued.

Ive been setting up to nab free airdrops. Many give you shit just to subscribe to channels and tweet. I can do that.

I have tonget a telegram but one gives you 150 BUSD to do just that.

And considering my brother in law is entering his mooching cycle, I can use the extra $. His cycle is predictable. He will pay it back, but it takes a while.
nhill
Member
Mon Jun 06 09:31:12
http://uto...hread=89921&time=1654525019628

I think we've broken the chain multiple times now :( but here's the last thread.
nhill
Member
Mon Jun 06 09:38:14
I would also add Solana to NEAR, it has a similar bullish case to PTP. People make fun of it for shutting down but it's still in beta too. It shutting down means they are treating it like a beta but people are freaking out about it. Plus you can ride the wave of VC capital. Not sure when they plan their production release.
nhill
Member
Mon Jun 06 09:40:16
Habebe, please don't get scammed. Those telegrams offering 150 BUSD are very often how people lose their crypto. Remember, you should NEVER have to sign or authorize ANYTHING in metamask for them to send you money. All they should need is your public key. That is always safe.

But I'd stay away from all that sketchy shit. The honest stuff like actually using arbitrum (instead of shilling it on Twitter) is a much more wholesome way to get free money. It'll take more time tho.
Nimatzo
iChihuaha
Mon Jun 06 09:56:11
PTP
NEAR
Solana
Arbitrum
Habebe
Member
Mon Jun 06 10:00:25
Step-by-Step Guide:
DAO Labs Airdrop: 150 BUSD

Visit the DAO Labs airdrop form.
Join their Telegram group and Telegram channel.
Follow them on Twitter.
Submit your details to the airdrop form.
You can get up to 150 BUSD.

Up to may be doing some heavy lifting. IDK.

http://airdrops.io/dao-labs/

I found it skimming airdrop.io

When you say using arbitrum, do you mean just holding it in a wallet?
Nimatzo
iChihuaha
Mon Jun 06 10:17:10
Using dapps I think.
nhill
Member
Mon Jun 06 20:08:52
Dapps and bridge, consistently and repeatedly is the best bet. My favorite protocol on Arbitrum is Dopex, that is on my bottom buyer shopping list with NEAR, SOL, and PTP.

Remember the derivatives marker dwarfs the spot market in traditional finance. I don't think Dopex is a clear winner by any stretch of the imagination, but I do like it
nhill
Member
Mon Jun 06 20:10:33
Although the new legislation introduced to congress appears to be a direct attack on alt L1s, so I'm going to see how that shakes out before going hog wild on them.
nhill
Member
Mon Jun 06 20:11:20
Arbitrum doesn't have a token, you cannot hold it in a wallet. I mean using the Arbitrum blockchain
nhill
Member
Mon Jun 06 20:13:17
I'm also 100% against LUNA2. I was cautiously bullish on it in concept but they lied, it is not community owned. The LFG owns 200 million worth of LUNA2 despite promising they wouldn't get any tokens. Just saw that news come out.

Murder was right, you'd have to be a complete idiot to trust Do Kwon.
nhill
Member
Tue Jun 07 03:57:32
Btw with regards to my bottom buyer guide that seems to be coalescing here, I'm not a buyer at these levels at all, except for averaging down my $PTP position to stack $vePTP. $0.09 was the VC presale price for $PTP and that's my target for the bottom, but it would need confluence with macro for me to really ape shit it.
nhill
Member
Tue Jun 07 04:03:01
The way things are going I may end up being Platypus, lol. Lot of liquidity was withdrawn last night in the general crypto dump, people obviously getting more paranoid about even stablecoins. Bear market tings. But now my APR is ~20% on the stable even tho $PTP itself is down over 95%. I'm a gentle whale, I don't dump emissions :)

Gentle reminder to take profits and diversify into other assets next bear cycle, my favorite being my stagflation TradFi portfolio.
nhill
Member
Tue Jun 07 04:04:15
I know I stressed that a bunch last year, but never hurts to bring it up again. Let me know if I'm sounding repetitive and I'll back off a bit :)
nhill
Member
Tue Jun 07 04:08:44
http://www...-plan-for-future-crypto-rules/

More details released on the crypto bill. Wow, it's much more sane than I expected.

Bitcoin is 29.6K right now. I think today will be bullish on this news, if anyone is looking to enter a short trade. I'm still not bored enough to trade.
nhill
Member
Tue Jun 07 04:09:49
The most bullish statement is they are looking to treat L1s as commodities.
Nimatzo
iChihuaha
Tue Jun 07 04:12:48
That cock sucker has protected his twitter. I wish him nothing but the worst, may he become infected with a flesh eating bacteria and his dick fall off. May he also have long life.

What would make someone begging for forgiveness hat in hand do this?
nhill
Member
Tue Jun 07 04:13:20
Habebe, did you check the terms of that DAO Labs airdrop?

There's only $20,000 BUSD to be distributed. You'll be lucky to get a single BUSD. The only way you'll get the full 150 is if only 13 people in the world do it.

These things are a waste of time, that http://airdrops.io/ site is really crappy. I bet most of it is just paid advertisements.
nhill
Member
Tue Jun 07 04:13:37
>What would make someone begging for forgiveness hat in hand do this?

Sociopathy
Nimatzo
iChihuaha
Tue Jun 07 04:18:32
It is really the simplest explanation isn't it. Pathology. Who would have thought that pathology and greed would be a problem in distributing new wealth? lel :)

We have this >1% sliver of the financial market to experiment and get it right. The great news is that we only need to get it right once!
Nimatzo
iChihuaha
Tue Jun 07 04:19:09
ops I meant <1%
nhill
Member
Tue Jun 07 04:20:37
This is why I welcome regulations, hate to see all the scamming in a space with such beautiful potential. But yep, we're the beta testers and have to eat the crap along with it.
nhill
Member
Tue Jun 07 04:47:36
> The only way you'll get the full 150 is if only 13 people in the world do it.

My bad on this, I thought it was 2000 total, not 20000. So 133 people in the world could get the max. But I'm sure more than 133 people in the world will want free money for pressing a few buttons
nhill
Member
Tue Jun 07 06:14:46
>I think today will be bullish on this news, if anyone is looking to enter a short trade.

Might have got this one wrong, as I see the S&P 500 is about to open in the red. Bitcoin is still correlated on the downside so gonna be tough to overcome a red day in stonks. But if stonks flip green, BTC should have a nice recovery
Habebe
Member
Tue Jun 07 06:52:00
Your math has swayed me.

I'll definitely look into Capps and bridging arbitrum.

But would you also have a better source for quality airdrop? Preferably ones that dont require hodling a bunch of tokens, which is why I was looking for the Twitter/SocMedia style ones.

But perhaps using a variety of dapps on networks is better?
Habebe
Member
Tue Jun 07 07:19:28
So Dopex seems to be a way to loan out crypto tokens to people investing in options and you reap a %

Yes?
Nimatzo
iChihuaha
Tue Jun 07 07:20:58
I will just do what I'm gonna do and see the airdrops as a bonus. However with Arbitrum it is different since it is predictable. So, if I am gonna do what I am gonna do, I might as well do as much as I can on Arbitrum. It is one of the top L2 contenders and it doesn't have a token, it works fine, gas fees are low. In the unlikely event that the airdrop is messed up or doesn't happenm, I have not really risked anything, but being exposed to Arbitrum chain. I don't think that is a huge risk.

I don't have time to chase the freebies, I mean at some point it's not free, you are doing stuff for someone else. I charge at least 400 USD/hour for my labor, 6.5 USD per minute. EVMOS gave me 220 USD it took 5-7 minutes, that is 35-40 dollars a minute, not counting the half I staked. Reasonable :)
Nimatzo
iChihuaha
Tue Jun 07 07:22:22
I am being a tiny bit facetious.
Habebe
Member
Tue Jun 07 07:25:45
My time is not nearly so valuable. I'm cool with stocking up freebies. But if your going for it, why not go for the better bang for your buck, right?
nhill
Member
Tue Jun 07 07:37:56
Habebe, the Bankless airdrop guide is the best source of which I'm aware.

I also take Nim's approach, explore the chain and use stuff and you get rewarded. It's a slow and patient approach, so I understand why people would try to target these drops, so to speak.
Habebe
Member
Tue Jun 07 13:07:54
I'll check out bankless. I went to Ethereum.org and started exploring dapps. I'm down to earn $ anyway possible. A little here, a little there.

Plus some of the dapps look cool.Might look into a mining rig in the near future, I was cellmates with a crooked electrician who taught me a few things :)

I know I missed out on alotnofnthe ground floor stuff, but its still cool to get in relativley early.

I do appreciate you letting me ask you a million questions. Maybe when I get a new Camel hair robe I'll gtan 2 and send you one. Heads up they are about as soft as burlap though.
nhill
Member
Tue Jun 07 13:22:47
Haha that robe sounds like a great conversation starter. I'm in! And no problem, happy to help. There's a lot of shady stuff in unregulated industries so I try my best to steer ppl clear. It's definitely early, still isn't even closer to mainstream. You can check the chain and see exactly how many people use real crypto tech... it's not very many and most people have more than 1 wallet so it's even less than it looks. I have at least 35 wallets at this point.

Lemme know if you get serious about mining, I can show you some mining software I like and my favorite pools
Habebe
Member
Tue Jun 07 15:52:09
It was such a sweet robe. From what I was told ot was used for Saudi wedding ceremonies.

As for the mining, I figure there will be a need for mining long after ETH merges to super Saiyan 3. Justt different coins, right?

Electricity costs about 13.07/KWH, and apparently solar radiation is 40% higher here.

First I'd have to build a rig.
Habebe
Member
Tue Jun 07 16:51:08
UNFI surged up 700% from about $3 to $23, seemed note worthy.
nhill
Member
Tue Jun 07 19:13:04
Lol, looks like bots picked it up because United Natural Foods, an unrelated stock, had a really smokin' earning report.

Funny to see. Bots made themselves rich! I think I own some UNFI somewhere on chain...will check
nhill
Member
Tue Jun 07 19:16:06
>It was such a sweet robe. From what I was told ot was used for Saudi wedding ceremonies.

Awesome, love obscure stuff like that. Have you ever worn it or just collected it?

>As for the mining, I figure there will be a need for mining long after ETH merges to super Saiyan 3. Justt different coins, right?

Yes there will always be proof of work coins. Worst case you can mine Bitcoin :) Check the whattomine site to see which ones are most profitable at any given time.

>Electricity costs about 13.07/KWH, and apparently solar radiation is 40% higher here.

That seems a bit more than average, no? I thought average in US was 10 cents per KWH.

>First I'd have to build a rig.

You could also buy something prebuilt. These days prebuilds have decent prices vs building yourself. I enjoy building and tweaking so often I'll go that route if I have time. But prebuilts are good. SkyTech Gaming is my favorite prebuild company. You can also do a Dell Alienware but Alienwares are pretty crap now.
nhill
Member
Wed Jun 08 15:56:30
http://www.benzinga.com/money/what-is-arbitrum-oddyssey/

Here's a good approach to qualify for the arbitrum airdrop and get rewarded at the same time
nhill
Member
Wed Jun 08 15:57:31
Not a very good article, Benziga is shilling steakwallet in it. Metamask works just fine.
nhill
Member
Wed Jun 08 15:57:52
(couldn't find a better source that was recent)
nhill
Member
Wed Jun 08 16:24:22
Speaking of L2s, Optimism shit the bed. Lost 20 million tokens by transferring it to an address that wasn't setup yet. Someone noticed it and created the address & got the tokens.

Oof size: XL
Nimatzo
iChihuaha
Wed Jun 08 20:28:47
Tsk... Not a great day for crypto.
Nimatzo
iChihuaha
Thu Jun 09 07:29:42
"Nancy Pelosi's husband just purchased up to $2.1 million worth of Apple and Microsoft stock options"

Perhaps he most convincing sign that the bottom is in? She is the greatest trader in the world.
Habebe
Member
Thu Jun 09 08:00:25
Nimatzo, She has quite a knack for timing.

Unusual Whales has a Pelosi ETF with details if anyone is interested.

http://unusualwhales.com/i_am_the_senate/pelosi

She has 67% return on options, 45% on stocks.
nhill
Member
Thu Jun 09 10:57:19
>Perhaps the most convincing sign that the bottom is in?

It is pretty convincing. If this is the tech bottom it will also be the crypto bottom. Fingers crossed!
Nimatzo
iChihuaha
Fri Jun 10 07:20:07
^This time is different!! (-:

Habebe
You asked for crypto sources a few threads ago:

Coin bureau, on youtube is a pretty solid general information source on crypto. Well researched and proffesional, no shilling. It is run a by a company, the host is an actor.

Taiko Maeda, on youtube is one that Nhill gave. Good source for Defi stuff. He also has a paid discord.

Hedgeye macro show: paid sub 40 dollar/month for macro analysis. You get 1 month free and access to a lot of educational stuff and their proprietery method tha famous Quads that Nhill and I throw around. They also have a crypto trend tracker that indicates buy and sell ranges, this is however an added services I think 20 usd/month.

You get pretty far with these three.
nhill
Member
Fri Jun 10 07:56:31
Nim, I've recently added 42macro and macrodesiac to my sources. Both are freemium, kinda like Hedgeye, where they share overviews for free but the in depth stuff has a cost. Darius used to work for Hedgeye, he's basically the anti-Keith in approach and tone (more professional, less antagonizing). So it's a good counter balance. When they are in consensus you know shits about to get real :)
Nimatzo
iChihuaha
Fri Jun 10 08:06:11
Yea I saw the Darius drama in real time, feathers were ruffled, he pulled the race card and stormed out (with the secret recipe), cease and desist order was handed out? Been a lot of antagonizing lately. Have to check it out, but I have basically been under the impression that it is highly derivative. But you say there are meaningful differences, diverging and converging?
Habebe
Member
Fri Jun 10 09:27:38
Nimatzo, Thank you, I'll check them out.

ETH broke below that resistance of 1750 trading as of a few minutes ago innthe 1730s.

But today looks horrible for the markets in general.
Habebe
Member
Fri Jun 10 09:31:22
Its a good day to grab some freebies, they often give you them at USD amount.
Nimatzo
iChihuaha
Fri Jun 10 09:45:33
Ouch, inflation numbers for may at 8.6%
Habebe
Member
Sat Jun 11 10:08:20
ETH currently trading @ 1530

Floor broken.
Habebe
Member
Sat Jun 11 10:18:07
Now near 1500.

Shortly before the merge, would expect a boost in price , I wonder what role an intentional price drop could play here.

Any thoughts?
Nimatzo
iChihuaha
Sat Jun 11 11:43:39
I just told you, inflation for May = 8.6% which is higher than April and the expectations of hopium smokers who thought it peaked in April.

BTC dominance is going up however, Jack Dorsey did announce his Web5 recently that will operate on bitcoin, so that may be contributing to BTC not falling lowe… yet. Macro still shit.

Listened to a guy called Harry Dent, another demographics nerd, he is saying SP500 is gonna go to 670. The ewry thing bubble is bursting. Who knows, but I love me a good apocalypse narrative :)
nhill
Member
Sat Jun 11 14:42:47
This dump was a liquidity test for the real one
nhill
Member
Sat Jun 11 14:43:22
The merge isn't as bullish as people think it is
nhill
Member
Sat Jun 11 14:44:18
I explained in a prior thread, once I get back to a computer I'll elaborate my thoughts further
nhill
Member
Sat Jun 11 14:45:07
And Nim is correct, inflation came in hot!
nhill
Member
Sat Jun 11 14:51:25
People still don't understand inflation is a lagging indicator and QT hasn't actually happened yet, balance sheets will start to runoff this month but that's lagging indicator too
Habebe
Member
Sat Jun 11 14:51:47
Oh, I noticed the CPI numbers....and the market slaughter the first 15 minutes EVERYTHING was red.
Nimatzo
iChihuaha
Sat Jun 11 16:46:04
Nhill
I am waiting :)
Habebe
Member
Sat Jun 11 23:25:05
http://unusualwhales.com/crypto

Some pie charts on the sell off.


In the past 24 hours, 162,152 traders were liquidated, the total liquidations comes in at $478.19 million.
Habebe
Member
Sun Jun 12 00:14:27
Wow, some really good guys.



BTC @ 27.7
ETH @ 1430

AMP is trading for .01! If it survives, it could be at $5-7 in a few years. Even if it goes back to its high of o.12, could be huge gains for hodling on a few years.
Hrothgar
Member
Sun Jun 12 17:53:23
Bitcoin has crashed to around 80% down from peaks multiple times in the past 10 years.

For you gambling investment types, IF it drops to 15k or less, imo it's worth a significant bet at that point. Of course, the typical crypto/day trading advice applies to never bet a life damaging amount on this stuff. This is Vegas weekend fun money type shenanigans to play with Crypto safely.
murder
Member
Sun Jun 12 19:32:34

An "asset" with no real use for only $15,000???

Sign me up! ;o)

Habebe
Member
Sun Jun 12 19:53:37
Does gold or cash have no real use?

Publish Sirius once said a Long long time ago, something is worth whatever its purchaser is willing to pay for it.

Well, you would habe millions of ppl lined up to buy a Bitcoin for 15k.

That's its use.

BTC is basically just that, digital gold, its a store of value.

Ethereum and it's linked coins have actual utility past that.
Habebe
Member
Sun Jun 12 20:01:38
Totally out of left field off topic.

Does anyone know of a goodnwifi remote app for Android TV?


IDK why google ever discontinued their app, it was decent. My only complaint is it wouldnget confused if you were on 2.4 and the tv was on 5 or visa versa.
murder
Member
Sun Jun 12 20:27:32

"Does gold or cash have no real use?"

Since you haven't starved to death I'm going to assume that you know that cash has a real use.

And yes, gold is useful for all kinds of things. In fact there is some gold in whatever you are using to post here.


"Well, you would habe millions of ppl lined up to buy a Bitcoin for 15k. That's its use."

That's not a use.


"BTC is basically just that, digital gold, its a store of value."

No it's not. Just because bitcoin marketing crap uses gold colored coins to represent bitcoin doesn't mean that it is anything like gold. The marketing is made to sucker people into think so though. Bitcoin is less like gold than massively overpriced homes were during the housing bubble. At the end of the day after the crash, houses still had real value. There is nothing to stop bitcoin from dropping to $0 tomorrow.

As a store of value it sucks pretty hard.

murder
Member
Sun Jun 12 20:29:28

"IDK why google ever discontinued their app"

Because they couldn't figure out how to make money off of it. Duh! :o)

Habebe
Member
Sun Jun 12 20:44:50
Cash has very little use outside of people willing to trade you stuff for it. ts terrible for burning, paper towels suck up spills better.

Its primary real use is in the fact that its tradeable for other goods.

"There is nothing to stop bitcoin from dropping to $0 tomorrow."

But the same could be said for cash. Golds physical utility in electronics and such is negligible to it's value.

Money for thousands of years sorked as a way to transfer value from a good, service or often labour.

Firewood has value because it can be burnt to keep you warm and it takes a fair amount of labour to get it.

Electricity has value because it powers all sorts of things and it takes labour and some ingenuity to get, meaning its not like air.

Air keeps us alive, but isnt very valuable because we can all breathe it in anywhere with little effort.The same cant be said of firewood or electricity it takes lets call it fucks.

In order to get Bitcoin, it either costs money or computing power to mine it.Its not just given out freely ( well, you know what I mean, work with me In a little drunk)

In nthe same way that gold is used primarily as a store of value, or cash is. So is Bitcoin.


Cash only has value because enough people think that it does. To illustrate this point Milton Friedman talked about Island people who used currency with marks carved into them. The British would tax them by carving lines in their rocks, IIRC the book was "free to choose" but maybe "a monetary history of the US 1867-1960", doesnt matter.

The point is, what seems silly to some, marks on a rock, represents value and even generational wealth to some. Which makes ot valuable to those who beleive in its value.
Habebe
Member
Sun Jun 12 20:46:43
Murder, Its a nice selling point for Android Tv's, which they very much make $ money on, the Jew prick motherfuckung gypsy savages.
murder
Member
Sun Jun 12 21:19:24

"Cash has very little use outside of people willing to trade you stuff for it"

Oh is that all?


"But the same could be said for cash."

No, no it can't. Not our cash anyway.


"Cash only has value because enough people think that it does"

No, US dollars have value because the US government demands payments in US dollars. And in fact if you look closely at a dollar bill you will see that it says clear as day ... "This note is legal tender for all debts, public and private".

US dollars have a use, they are a necessity, and they have the force of law, therefore they have value.

Years ago people would have laughed at anyone claiming they were printing money at home and that it had real value. Now people think they are geniuses because they are foregoing the paper and ink.

Anyway, enough sullying this thread with FUD.
Habebe
Member
Sun Jun 12 21:34:58
Murder, Go talk to Jergul about the future of the USD.
murder
Member
Sun Jun 12 22:43:29

MarketWatch @MarketWatch

Crypto lending platform Celsius Networks said Sunday it is pausing all withdrawals, swaps and transfers between accounts, “due to extreme market conditions.”

http://www...-market-conditions-11655089099


Uh-oh! :o)


murder
Member
Sun Jun 12 22:48:11

unusual_whales @unusual_whales

The CEO of Celsius literally said yesterday, "Do you know anyone who has a problem withdrawing from Celsius."

Celsius Network has stopped all withdrawals today.

http://twitter.com/unusual_whales/status/1536193019178647553

murder
Member
Sun Jun 12 23:30:17

laurence (rawdogging the decline of man) @functi0nZer0

Due to inflation, Celsius is rebranding to Fahrenheit

http://twitter.com/functi0nZer0/status/1535914261465161731

murder
Member
Mon Jun 13 00:03:55

I love Twitter ... until Elon takes it over.

=================================

emissary @LINDY_YUPPIE

It’s called Celsius because after it goes to 0 your funds are frozen

http://twitter.com/LINDY_YUPPIE/status/1536211706606665730

OsamaIsDaWorstPresid
Member
Mon Jun 13 01:27:14
"Celsius Network has stopped all withdrawals today."

rofl ppl gota watch there savingz drop to 0

rip al salvedoor
OsamaIsDaWorstPresid
Member
Mon Jun 13 01:38:39
rofl http://twitter.com/WuBlockchain/status/1536177778759938049

thay cashin out an runin wit da money
OsamaIsDaWorstPresid
Member
Mon Jun 13 01:49:18
roflllll http://www...0is%20%240.283374%20per%20CEL.
murder
Member
Mon Jun 13 02:11:02

Watcher.Guru @WatcherGuru

Celsius moved $320m to FTX before halting user withdrawals, transfers

http://twitter.com/WatcherGuru/status/1536226103211302913

Nimatzo
iChihuaha
Mon Jun 13 03:45:50
Oh no habebe, you took murder seriously and now look what happened. All kinds of trashy people trashing up the thread.
nhill
Member
Mon Jun 13 09:12:02
lol yup you fed the parasites and now they are growing ;)

the Celsius stuff has been known for weeks, they began blocking withdrawals a long time ago

that's because most of their Ethereum is staked on the beacon chain, not the smartest business move on their part, but the crypto is still there, they have to wait until the Ethereum merge to be able to redeem it. that might still be 1-2 years out, so people on Celsius are now long-term investors (or until a bull run starts) ;)

this is why I've stressed from the beginning to own your private keys, I warned about this exact scenario for over a year now
nhill
Member
Mon Jun 13 09:15:27
and like I said a few days ago, the weekend dump was a liquidity test to see how much bots would gobble the coins

$BTC handled it much better than ETH, so I think my 1.2K ETH and 21K BTC call is still in play here

maybe a statistical deviation under during peak panic, that's not uncommon.

or perhaps this key support level will break and Hrothgar will get his 15K entry. this is happening earlier than I expected, was thinking around July 4th would be the crescendo
nhill
Member
Mon Jun 13 09:24:18
i'm also back to my laptop after an extended vacation, catching up on a bunch of stuff professionally but i'll be in here to respond to stuff again
Nimatzo
iChihuaha
Mon Jun 13 09:52:36
I feel a capitulation candle going to 17k is not out of the question. Still a lot of liquidity around 800 millions worth of BTC blocking the way.
Habebe
Member
Mon Jun 13 09:55:49
Nimatzo, Yeah, my bad....ugh.In my defense, I don't drink often anymore...

Nhill, maybe lower . ETH os about 1100 ATM.
Habebe
Member
Mon Jun 13 10:01:19
Honestly, Im excited, being the oppurtunist that I am.
nhill
Member
Mon Jun 13 10:03:02
you'll always see low time frame stabs under support, but $1200 is holding as long term support for now.

but agree with Nim, a big liquidation wick down into the teens is looking like a likely outcome. really depends on how people handle the dump, will they try to catch the knife or just pack it in? stay tuned...
nhill
Member
Mon Jun 13 10:06:38
Binance is holding the line hard at 22K here (http://coinlobster.com/ filtered for 5BTC and above)
nhill
Member
Mon Jun 13 10:12:14
>Yea I saw the Darius drama in real time, feathers were ruffled, he pulled the race card and stormed out (with the secret recipe), cease and desist order was handed out? Been a lot of antagonizing lately. Have to check it out, but I have basically been under the impression that it is highly derivative. But you say there are meaningful differences, diverging and converging?

That's exactly how I see it. I don't like Darius, especially after he pulled the race card, but he is incentivized to be contrarian to Keith and also be right at the same time to "stick it to the white man", so I've added his free stuff to my sources.
nhill
Member
Mon Jun 13 10:19:33
Some huge orders starting to flow, 22K held for now, but probably not for long. Would imagine most of those orders were covers for shorts
nhill
Member
Mon Jun 13 10:27:26
the other thing to remember is that people are catching onto stablecoin margined contracts in this environment, which means liquidations only liquidate USDT, so you don't have the same deep cascade effect. can look on coinalyze
nhill
Member
Mon Jun 13 10:27:36
and....it's gone
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