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Grimsweeper
don't fear the sweeper


Registered: 01/29/18
Posts: 4,843
Loc: broom closet
Last seen: 6 days, 9 hours
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: nooneman] 1
#27527900 - 11/02/21 06:18 PM (2 years, 2 months ago) |
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I have more shib than I'm comfortable admitting in public but it's all gains.
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 10 days
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Grimsweeper]
#27527916 - 11/02/21 06:32 PM (2 years, 2 months ago) |
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Get it grim
-------------------- Within You , Without You
      
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 27 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27527985 - 11/02/21 07:41 PM (2 years, 2 months ago) |
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Quote:
geokills said: Because of the current market dynamics lending continuation strength on the day, and because SOL so orderly broke out of its pennant of the prior months and is now flagging right at its highs, I'm going to wait and see if we can pop through $220, because that does appear to be the path of least resistance right here right now.
There's those nice new ATH's for SOL... $230 and counting.  Putting up a couple of sell offers on Raydium, @ $237.50 & $254 before hitting the hay. If they both execute, it'll amount to liquidating roughly 20% of my existing stash.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Grimsweeper
don't fear the sweeper


Registered: 01/29/18
Posts: 4,843
Loc: broom closet
Last seen: 6 days, 9 hours
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27528025 - 11/02/21 08:08 PM (2 years, 2 months ago) |
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I hope you wake up to a new fat wad in your wallet geo. I misquoted myself I'm @ 2.35 on SOL. No future orders set atm.
@Enkidu thanks lol. Common sense tells me it's a terrible idea to keep holding shib but I'm good with the stress level. Wish I would've held jasmy longer gimminy crickets.
-------------------- When you clean a vacuum cleaner you are a vacuum cleaner Build yourself a Flow Hood in these 99 simple steps
 
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Nimpo
Big Black


Registered: 05/10/12
Posts: 2,375
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27528043 - 11/02/21 08:21 PM (2 years, 2 months ago) |
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I think we'll see a 120-150 DOT come market cycle peak.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 27 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27528675 - 11/03/21 11:34 AM (2 years, 2 months ago) |
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Quote:
geokills said: This plan is still only half baked, but it looks like the LUNA-UST pool is the spot. According to this dashboard, the annual yield is nearly 50%, which honestly sounds too good to be true (I think the dashboard may just be a snapshot figure and not a smoothed average figure, which would be more useful). I need to do more research on this after Halloween and I'll post here if/when I execute the move and how I did it.
         Cross-chain Asset Migration & Setting Up Liquidity Provider position in LUNA-UST
Took a few days (and $1000+ in transaction fees and swap slippage), but I finally got a chunk of assets off of Solana (by swapping into wUSDCv2 via Mercurial.finance and bridging via WormholeBridge > Ethereum (by swapping via 1inch into wrapped LUNA and bridging via Terra Bridge > Luna (linked my Ledger to Terra Station). I then swapped half of the LUNA in to UST via TerraSwap and provided liquidity to the LUNA-UST pair which for the past week has been netting ~40% annualized APR from the monster trading volume this pair sees.
Intending to monitor returns via ApeBoard since TerraSwap is fairly primitive with no tracking features, and hoping that the upcoming AstroPort release will airdrop me some candy if/when they attempt to vamp TerraSwap's face off with their more robust DeFi product suite.
Talk about a learning curve though... that took WAY more time than I had expected . For anyone that's going to attempt similar paths, make sure all your browsers, Ledger firmware and LedgerLive software is up to date, and possibly have a VPN handy if you're in the US and want to use something like 1inch. Also try to avoid passing through Ethereum if you can help it, the fees are absolutely heinous right now.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Grimsweeper
don't fear the sweeper


Registered: 01/29/18
Posts: 4,843
Loc: broom closet
Last seen: 6 days, 9 hours
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27528721 - 11/03/21 12:28 PM (2 years, 2 months ago) |
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Yeah I don't think I wanna try all that on a phone. I admire your tenacity.
-------------------- When you clean a vacuum cleaner you are a vacuum cleaner Build yourself a Flow Hood in these 99 simple steps
 
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 27 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Grimsweeper]
#27528732 - 11/03/21 12:39 PM (2 years, 2 months ago) |
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Heh, my entire transfer was stuck for hours on the WormholeBridge, as I couldn't redeem the USDC on Ethereum (receiving an [object Object] error when attempting to sign the redemption transaction via my Metamask connected to my Ledger)... but not because of a problem with the bridge itself, rather a communication issue between the WebBrowser socket that communicates to my Ledger. Even the support staff on the Wormhole discord chat server were stumped. But once I reinstalled LedgerLive and updated the Ledger firmware, it went off without a hitch.
A couple of other items to note, which temporarily hung me up...
- You will need to enable "blind signing" (which for some asset app's is instead referred to as allowing "contract data") on signatures.
- If you're using Metamask to communicate to your Ledger (since some web app's don't have direct Ledger support), you need to go to Settings > Advanced and turn "Use Ledger Live" to ON.
I'm glad to see that the systems DO actually work though. I was a bit intimidated, and needed some time to figure it out, but it did indeed work out. I would also note, that because there is this steep learning curve at the moment, that a lot of people are sitting out some of the opportunities that DeFi is offering... which is why the LUNA-UST pair is able to provide 40% annualized returns simply for being a liquidity provider. On the other hand, because my liquidity is split between LUNA and a stablecoin, I may miss out on some of the underlying LUNA capital appreciation we could see... but the annualized return should help compensate for that downside.
Go get 'em!
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27528964 - 11/03/21 03:46 PM (2 years, 2 months ago) |
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I fail to hear the music of what has you going to such great lengths to achieve but I'd love to find out.
Whats so good here?
-------------------- Omnicyclion.org higher knowledge starts here
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 27 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Asante]
#27529022 - 11/03/21 04:34 PM (2 years, 2 months ago) |
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In a nutshell, I believe that the paradigm of decentralized finance has the potential to become a more level and efficient financial field for the people of our world to engage in. While the sector is young and not without significant growing pains, including a relatively steep learning curve, at times exorbitant fees and copious security risks, I nevertheless want to actively participate in order to gain an innate understanding of progressive development. There is a monetary incentive as well, since there is no traditional finance account that can yield a 40% annual return.
More specifically with regard to my move into the Terra ecosystem, Terra takes a unique approach to algorithmic stable coins that (if it works as well in practice as it would seem to in theory) will remove the traditional finance association between stable coins and "real world" reserves, in turn removing concerns about the solvency of stable coin providers such as Tether or USDC, as well as further removing the ability of governments to effectively regulate these assets. We have already seen the relatively longterm success of DAI as an algorithmic stable coin birthed on Ethereum, and Terra's network of stable coins is attempting to make that a base proposition across their ecosystem without the need for reserve-backed stable coins. Thus, with a $20B market cap presently, it seems reasonable that LUNA (the native coin of the Terra network) has room to grow considerably.
Further, as we have seen more advanced DeFi projects taking a "vampire" approach toward older, less functional projects, by airdropping their governance tokens to those who have used the old platform in order to attract an initial base of participants; it is reasonable to expect that AstroPort will be taking this approach with TerraSwap, as TerraSwap is a relatively primitive swap system and AstroPort can effectively steel their base by air-dropping value to TerraSwap users while simultaneously providing a superior product suite. Note that in order to attract the attention of the entire ecosystem, and not just TerraSwap users, it is reasonable to expect that they may airdrop governance tokens to all LUNA holders, not just those providing liquidity on TerraSwap, although those providing liquidity on TerraSwap will likely receive a larger share.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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sh4d0ws
LSx


Registered: 02/26/08
Posts: 12,086
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills] 1
#27529039 - 11/03/21 04:45 PM (2 years, 2 months ago) |
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Quote:
geokills said: Heh, my entire transfer was stuck for hours on the WormholeBridge, as I couldn't redeem the USDC on Ethereum (receiving an [object Object] error when attempting to sign the redemption transaction via my Metamask connected to my Ledger)... but not because of a problem with the bridge itself, rather a communication issue between the WebBrowser socket that communicates to my Ledger. Even the support staff on the Wormhole discord chat server were stumped. But once I reinstalled LedgerLive and updated the Ledger firmware, it went off without a hitch.
A couple of other items to note, which temporarily hung me up...
- You will need to enable "blind signing" (which for some asset app's is instead referred to as allowing "contract data") on signatures.
- If you're using Metamask to communicate to your Ledger (since some web app's don't have direct Ledger support), you need to go to Settings > Advanced and turn "Use Ledger Live" to ON.
I'm glad to see that the systems DO actually work though. I was a bit intimidated, and needed some time to figure it out, but it did indeed work out. I would also note, that because there is this steep learning curve at the moment, that a lot of people are sitting out some of the opportunities that DeFi is offering... which is why the LUNA-UST pair is able to provide 40% annualized returns simply for being a liquidity provider. On the other hand, because my liquidity is split between LUNA and a stablecoin, I may miss out on some of the underlying LUNA capital appreciation we could see... but the annualized return should help compensate for that downside.
Go get 'em! 
Firefox still works with ledger without all the extra steps FWIW. Chrome (and Brave) released breaking updates, it affects ledger compatibility on all browser wallets, requiring the extra connection using ledger live.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 27 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: sh4d0ws] 2
#27529125 - 11/03/21 05:46 PM (2 years, 2 months ago) |
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Ah yeah, I did notice a popup notification in Metamask about that earlier today (after I had already worked it out myself). I didn't realize that Firefox was unfazed. The LedgerLive workaround is fairly seamless, once you have everything up to date... I think it was the pending firmware update on my Ledger device that was resulting in my problem.
Incidentally, my SOL sale @ $237.50 fired. I also ended up cancelling the offer @ $254, instead opting to sell a little bit more right here @ $241, and put another couple offers out @ $264 and $299. I think that it is smart to begin positioning yourself for potential discounts ahead, however I would also be mindful not to move too aggressively. With BTC and ETH holding rather strong near their ATH's, I would expect any giveback to be relatively short-lived. The charts also read possible that we can see another +30% on the majors before year end.
Time will tell, hence why it's almost always advantageous to move incrementally as we extend in either direction. For my part, I have had an absolutely banner year. When the shine is bright enough to blind you, it's generally time to seriously consider repositioning if you haven't already been doing so along the way.
My primary trading account is up over 2000% in the last year, and almost 9000% over its trough nearly two years ago. 
The icing on the cake is the MtGox civil rehabilitation plan receiving 99% of creditors (80%+ of creditor value) voting in favor of proceeding with the planned distribution last month. The money I wired over to Japan in 2013/2014 is slated to return +4000%, after accounting for the loss of 80% of the estate's assets! My aggregate returns across all accounts, over the entirety of my crypto investing tenure is averaging something north of +7000%.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ChemicalSpark

Registered: 10/08/15
Posts: 2,057
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27529134 - 11/03/21 05:57 PM (2 years, 2 months ago) |
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Quote:
geokills said: My primary trading account is up over 2000% in the last year, and almost 9000% over its trough nearly two years ago. 
The icing on the cake is the MtGox civil rehabilitation plan receiving 99% of creditors (80%+ of creditor value) voting in favor of proceeding with the planned distribution last month. The money I wired over to Japan in 2013/2014 is slated to return +4000%, after accounting for the loss of 80% of the estate's assets! My aggregate returns across all accounts, over the entirety of my crypto investing tenure is averaging something north of +7000%.

Got dam! Incredible work Geo.
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Nimpo
Big Black


Registered: 05/10/12
Posts: 2,375
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ChemicalSpark] 2
#27529169 - 11/03/21 06:30 PM (2 years, 2 months ago) |
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I was looking at all my earlier transactions this year and looks like I picked up some ETH during a drunken blackout.

The power of hodling. Crazy seeing how far ETH has come since. I need to do some more drunk buying. I bought SOL cause of you guys while drunk as hell too after seeing it getting plugged a lot.
You guys think the bullrun is ending sometime in 2022, or pushing into 2033?
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Grimsweeper
don't fear the sweeper


Registered: 01/29/18
Posts: 4,843
Loc: broom closet
Last seen: 6 days, 9 hours
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nimpo]
#27529304 - 11/03/21 08:25 PM (2 years, 2 months ago) |
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Damn Nimpo nice buy. At that price I was broke AF.
geo, what's your thoughts on Tezos atm? It's currently my largest holding. Not taking red on it yet but damn it's been a tough month. All these alts shooting ATH's I hope to think XTZ is right around the corner.
BTW next 15% SOL sell order @258.16.
EDIT - Woop AVAX hit @79.80.
-------------------- When you clean a vacuum cleaner you are a vacuum cleaner Build yourself a Flow Hood in these 99 simple steps
 
Edited by Grimsweeper (11/03/21 08:47 PM)
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Krystal Klear
Stranger



Registered: 05/09/07
Posts: 1,148
Loc: Mushroomvilletopiatonopol...
Last seen: 2 years, 2 months
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: paradoxlost]
#27529308 - 11/03/21 08:32 PM (2 years, 2 months ago) |
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I bought 500 bucks worth just because I got bored waiting my my AMC play. That was about 5 weeks ago and I must say I'm quite pleased so far. Wish I sold at .000072 Like someone suggested, because his TA suggested a slow bleed until 56. Currently it suits under than and I think it would be a great buy.
-------------------- Nothing I say is meant to be taken seriously. -Krystal
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Ima Trooper
Chilldog Extraordinaire



Registered: 02/21/08
Posts: 13,533
Loc: United States
Last seen: 2 days, 12 hours
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nimpo] 1
#27529776 - 11/04/21 07:30 AM (2 years, 2 months ago) |
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Quote:
Nimpo said: I was looking at all my earlier transactions this year and looks like I picked up some ETH during a drunken blackout.

The power of hodling. Crazy seeing how far ETH has come since. I need to do some more drunk buying. I bought SOL cause of you guys while drunk as hell too after seeing it getting plugged a lot.
You guys think the bullrun is ending sometime in 2022, or pushing into 2033?
I'm glad that worked out for you but if your lifestyle is such that you spend 18 grand during a drunken blackout, you probably need the money.
-------------------- "Its moving of its own accord...and I like that in a shirt!" - Me, tripping. deCypher said: Schizophrenia beats dining alone, you know.
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tomnl
Beginner



Registered: 06/16/08
Posts: 1,635
Loc: Under the shroom
Last seen: 5 hours, 30 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Ima Trooper] 1
#27529797 - 11/04/21 07:49 AM (2 years, 2 months ago) |
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It means he probably has loads of money, and doesn't have to worry about it.
-------------------- Been away so long I hardly knew the place Gee, it's good to be back home Leave it till tomorrow to unpack my case Honey disconnect the phone I'm back in the USSA You don't know how lucky you are, boy Back in the US Back in the US Back in the USSA
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 27 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Grimsweeper]
#27529832 - 11/04/21 08:26 AM (2 years, 2 months ago) |
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Quote:
Grimsweeper said: geo, what's your thoughts on Tezos atm? It's currently my largest holding. Not taking red on it yet but damn it's been a tough month. All these alts shooting ATH's I hope to think XTZ is right around the corner.
I think XTZ is fine. Especially if you're staking while you wait, that 6% dividend is better than a savings account. They have a pretty solid and well funded foundation behind them, although they are also a bit more cautious/slower to make moves with regard to more aggressive outfits like Solana, which is probably why they haven't seen a similar explosion in price for their native token.

From a chart perspective, it actually looks fairly healthy, although all that wild and wide volatility throughout September can lead to some exhaustion that requires a bit of time to consolidate. We are seeing that now, with October looking a lot like how SOL looked through September, just a nice steady approach into a tight base. While I can't tell you if XTZ is going to pop off in a big way, I do think it has the potential to continue higher, and that the current level ~$6 is effectively a quiet accumulation phase before continuation higher.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27529880 - 11/04/21 09:36 AM (2 years, 2 months ago) |
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Quote:
geokills said: In a nutshell, I believe that the paradigm of decentralized finance has the potential to become a more level and efficient financial field for the people of our world to engage in. While the sector is young and not without significant growing pains, including a relatively steep learning curve, at times exorbitant fees and copious security risks, I nevertheless want to actively participate in order to gain an innate understanding of progressive development. There is a monetary incentive as well, since there is no traditional finance account that can yield a 40% annual return.
More specifically with regard to my move into the Terra ecosystem, Terra takes a unique approach to algorithmic stable coins that (if it works as well in practice as it would seem to in theory) will remove the traditional finance association between stable coins and "real world" reserves, in turn removing concerns about the solvency of stable coin providers such as Tether or USDC, as well as further removing the ability of governments to effectively regulate these assets. We have already seen the relatively longterm success of DAI as an algorithmic stable coin birthed on Ethereum, and Terra's network of stable coins is attempting to make that a base proposition across their ecosystem without the need for reserve-backed stable coins. Thus, with a $20B market cap presently, it seems reasonable that LUNA (the native coin of the Terra network) has room to grow considerably.
Further, as we have seen more advanced DeFi projects taking a "vampire" approach toward older, less functional projects, by airdropping their governance tokens to those who have used the old platform in order to attract an initial base of participants; it is reasonable to expect that AstroPort will be taking this approach with TerraSwap, as TerraSwap is a relatively primitive swap system and AstroPort can effectively steel their base by air-dropping value to TerraSwap users while simultaneously providing a superior product suite. Note that in order to attract the attention of the entire ecosystem, and not just TerraSwap users, it is reasonable to expect that they may airdrop governance tokens to all LUNA holders, not just those providing liquidity on TerraSwap, although those providing liquidity on TerraSwap will likely receive a larger share.
Thank you very much for that elaboration!
Looks like I'mm be catching some of the same LUNAcy
-------------------- Omnicyclion.org higher knowledge starts here
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