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bio_alchemist
Shroom Operator




Registered: 03/21/18
Posts: 589
Loc: Florida
Last seen: 5 days, 20 hours
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Grimsweeper]
#27577017 - 12/11/21 07:57 AM (2 years, 1 month ago) |
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Quote:
Grimsweeper said:
Funds available for trading immediately on CB Pro.
Yes the wait im talking about is for when you actually have custody of your purchase and can spend it on goods \ services or move it off the exchange.
I dont like to keep crypto on exchanges so long wait times make me uncomfortable  But not uncomfortable enough to pay the higher fees on normal coinbase
-------------------- vVvVv I Buy and Sell MONERO! USD for XMR vVvVv
Check out my Monero Guide to Economic Freedom!!!
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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: bio_alchemist]
#27577199 - 12/11/21 11:01 AM (2 years, 1 month ago) |
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If I deposit from my bank to coinbase funds are available instantly to buy crypto and trade
Can buy crypto right away then sell it for usd if I want.
If I want to withdraw that money back into my bank, I have to wait for funds to settle, around 3-5 days after deposit
-------------------- Within You , Without You
      
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tomnl
Beginner



Registered: 06/16/08
Posts: 1,635
Loc: Under the shroom
Last seen: 38 minutes, 1 second
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu]
#27578831 - 12/12/21 02:55 PM (2 years, 1 month ago) |
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SOL is officially thrown off my portfolio
Greets Tom
-------------------- 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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trees


Registered: 02/08/09
Posts: 9,194
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: tomnl]
#27579744 - 12/13/21 09:18 AM (2 years, 1 month ago) |
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Quote:
tomnl said: SOL is officially thrown off my portfolio
Greets Tom
Been seeing a lot of people jumping the SOL ship, havent read into it but Solana team and its integrity is supposedly falling appart
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 58 minutes, 44 seconds
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: trees]
#27579791 - 12/13/21 09:53 AM (2 years, 1 month ago) |
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Regarding SOL... The problem lies squarely with the relative instability of their platform. They have had a handful of outages over the past year, the worst of which in September kept the network offline for ~17 hours, which is generally considered unacceptable given that these networks are supposed to be distributed and tamper resistant. That said, it is also well known that there are three primary factors for consideration when designing a blockchain network, and that given the current technology, developers can only reasonably prioritize two of the following:
- speed
- security
- decentralization
Solana has prioritized speed above all else, which has allowed for the development of applications that provide a big leg up on user experience, however this in turn has apparently allowed the network to be more susceptible to distributed denial of service (DDOS) attacks, whereby the network is essentially flooded with transaction requests in order to overwhelm its capacity and, at worst, grind it to a halt. One part of the reason I suspect that this is possible is because transactions are so cheap, and so there are relatively low costs required to flood the network with transactions from nefarious actors. Another potential issue is their unique "Proof of History" cryptographic framework, which no other blockchain (to my knowledge) has yet adopted. I am not a cryptographic expert, so I cannot speak with authority on why PoH may be flawed, but it is something I see hypothesized in the public literature analyzing Solana on a somewhat regular basis.
As recently as this past week, Solana suffered from a slow down, not an outright halt... although their typical throughput of several thousand transactions per second was brought down to 500 per second, which had a tangible effect regarding delays for network participants. Although seemingly not as serious as prior outages, in the wake of such failures, it continues to make participants increasingly uneasy. It is worth noting however that their developers appear to be exceedingly active in attempting to deal with these issues, and so I suspect that Solana will ultimately maintain a leadership position, especially given its intimate connections to large scale institutional capital, which is generally more concerned with compliance and the overall user experience, while being a bit more tolerant of early-stage hiccups through the development process.
This also needs to be viewed from behind the lens of the macro backdrop, whereby investor sentiment toward risk assets has soured as a result of the Federal Reserve finally acknowledging that inflation is perhaps not as "transitory" as they had been telegraphing, and therefore expectations that they will tighten monetary policy to counteract further inflation have increased markedly, with current sights set for a rate hike in May 2022 + two additional rate hikes during the back half of the same year. Replay the old adage... "You can't fight the Fed."
Now for my part, I have raised quite a bit of cash over the past few months, leading up to the recent all time highs, as well as in the wake of the blow off (although I did admittedly buy back some SOL too soon, some of which I was able to unload for a quick profit, but another tranche of which I unloaded a loss, and the third portion of which I'm just sitting on to see how things play out). As a result of being roughly 40% cash at the present moment, I don't feel terribly pinched by this action, although I'm also being a bit more patient than usual with regard to buying back in, due primarily to the macro factors relating to central banks scaling back on their accommodative monetary policy over the coming year. Generally, I believe that their hands are somewhat tied with regard to how much they can tighten, but sentiment is everything in investing, and it's going to be a bit of a slog here as we move away from full-throttle quantitative easing.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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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: Nimpo]
#27580016 - 12/13/21 12:59 PM (2 years, 1 month ago) |
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Quote:
Nimpo said: A good portion of my portfolio is in BTC cause when shit hits the fan, it wont capitulate anywhere near as bad as alts.
Nasty sea of double digit reds on many of the alts. You guys looking at picking up any additional coins this week if we keep on the downtrend?
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 58 minutes, 44 seconds
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nimpo]
#27580031 - 12/13/21 01:20 PM (2 years, 1 month ago) |
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On my shopping list are:
- ETH2X-FLI (but only if I can catch a truly wicked high volume spike lower, or after prolonged consolidation/base-building)
- MVI (a metaverse index)
- MATIC
- AVAX
- LUNA
- KOIN
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 58 minutes, 44 seconds
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27580041 - 12/13/21 01:28 PM (2 years, 1 month ago) |
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True confessions: Had a standing order on SOL @ $150 that just got filled.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 58 minutes, 44 seconds
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27580133 - 12/13/21 02:57 PM (2 years, 1 month ago) |
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Starting to look like that old SOL order might work out, as that slice through $150 was on very heavy volume and we are starting to firm up just a bit. Makes me wonder if I should pump a bit into ETH2X-FLI and MVI... but I like my cash cushion, and I'm not generally the kind to try to catch a falling knife. Since I already have meaningful exposure to ETH, I think I'll only pull the trigger on ETH2X-FLI if we get a high volume tag of $3K (and I happen to be around my Ledger at the time), but I may nibble on MVI a bit sooner, as I don't have any metaverse-specific exposure, and this instrument has retraced quite a bit from highs north of $360 down to $200ish in only a few weeks time.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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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: geokills]
#27580279 - 12/13/21 05:25 PM (2 years, 1 month ago) |
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We fall much further here and I'm thinking 30k Bitcoin is possible. That weekly chart might look for a bounce soon though
I don't see myself making a move here until things setlle
-------------------- Within You , Without You
      
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shuna


Registered: 03/07/21
Posts: 270
Last seen: 1 year, 4 months
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nimpo]
#27580281 - 12/13/21 05:25 PM (2 years, 1 month ago) |
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Not looking at Alts but will add to sat stack when I can in a few days time. Seems as good a time as any.
Level of BTC coins on exchanges keeps dropping.
At some point things have got to give 📈, some saying a week or two. Dunno, might crab along in a range for a good while.
Macro picture is kinda weird, not been following it too much. Lumber prices up again. Inflation high but some say it's going to go into deflation at some point. 
J Pow giving a briefing on Wed?
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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: shuna]
#27580282 - 12/13/21 05:27 PM (2 years, 1 month ago) |
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I'll watch for a strong end of year rally to celebrate Christmas
If the daily chart can reclaim averages and shit looks good, I'm buying
-------------------- Within You , Without You
      
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 36 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu]
#27580530 - 12/13/21 09:02 PM (2 years, 1 month ago) |
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Quote:
Enkidu said: We fall much further here and I'm thinking 30k Bitcoin is possible. That weekly chart might look for a bounce soon though
I don't see myself making a move here until things setlle
I'm not stating $30k BTC is impossible from here, but it would likely indicate an end of the current bull cycle. We don't want to see any weekly closes under $40k. I'm sure we can trade below $40k for short periods of time without breaking the last major support levels, but it's very dangerous territory for sure.
A retest of the massive short term dip to $42-43k from last week might be the final bottom to this correction is my bet. Lots of damage has already been done from the $69k level and another 3-4 weeks of treading water is likely.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 58 minutes, 44 seconds
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27580962 - 12/14/21 09:52 AM (2 years, 1 month ago) |
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Terra's (LUNA) Astroport Phase 1 "lockdrop" has begun. For anyone who has (or wishes to create in the coming days) a liquidity provider position on TerraSwap, you can then migrate those LP tokens to the network's next generation Astroport platform, which in all odds will be the dominant AMM on Terra for the foreseeable future, and in return for locking up your LP's on the new platform, you'll be airdropped ASTRO governance tokens. You can then add these ASTRO tokens to the incoming ASTRO-UST pool on Astroport to gain even more ASTRO tokens.
Read more here:
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 58 minutes, 44 seconds
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27580996 - 12/14/21 10:22 AM (2 years, 1 month ago) |
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Committed my TerraSwap LUNA-UST to Astroport's lockdrop Phase 1 for the maximum 52 week lock... although the ASTRO token rewards don't scale linearly, as you get roughly 4x the amount of reward for 26x the lockup period; 52 weeks vs the minimum 2 week. You can split your TerraSwap LP into up to 10 AstroPort positions with different lock durations, but I had always planned to commit to this LP thing for a good stretch so I'd rather just set it and forget it. Also nice that you can pre-commit your ASTRO rewards to the ASTRO-UST pool for even more rewards. Since I also have a respectable position in plain vanilla staked LUNA, I don't mind letting the LP ride for the full year to see what happens.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 58 minutes, 44 seconds
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27581257 - 12/14/21 02:41 PM (2 years, 1 month ago) |
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Adding back some ETH.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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PatrickKn


Registered: 07/10/11
Posts: 20,561
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27581260 - 12/14/21 02:42 PM (2 years, 1 month ago) |
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That's a wrap everyone. We can sell now.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 58 minutes, 44 seconds
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: PatrickKn]
#27581384 - 12/14/21 04:46 PM (2 years, 1 month ago) |
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Not sure if you can trust that Trust Wallet.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 58 minutes, 44 seconds
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills] 1
#27581386 - 12/14/21 04:48 PM (2 years, 1 month ago) |
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Quote:
geokills said: Adding back some ETH.

To elaborate on why I bought a chunk of ETH today... in looking at the aggregate ranges of the past several months, we are not only tagging some prior resistance from Sept/Oct (yellow line), but we're also doing it while tagging the bottom of a somewhat orderly descending channel on ETH/USD. That gives me some confidence that we are going to try for a more sustained bounce here in attempts to tag the upper bounds near $~4300. I suspect we may ultimately have more downside volatility in store that could again test the lower bounds of the descending channel a couple of weeks later, when it coincides with the prior resistance from Aug/Sept (red line). Most instructive will be whether we can actually tag that upper bound. If we roll over before hitting the top of the channel, that could get real sporty real quick. But for now, it looks like the short-term path of least resistance is higher.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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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: geokills]
#27581575 - 12/14/21 07:58 PM (2 years, 1 month ago) |
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Nice
-------------------- Within You , Without You
      
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