Crypto thread

An article on the rise of the Polkadot ecosystem 

http://thedailychain.com/the-rise-of-the-polkadot-ecosystem/

Thanks detox for that staking information, looking to get into some safe returns after this defi madness.

i think silver is a good purchase after crypto of course. Also hope you picked up a stack of link 

All in DOT besides the ATOM I’m waiting to get back from locking it up in staking 

KuCoin hacked 

KuCoin has opened up about 10 wallets for Deposits and Withdrawals. Not out of the woods yet but that’s a promising sign. 

Once larger coins have their wallets unlocked we’ll be out of the woods. 

INAD,

if you had to pick three of the more popular crypto, what would you invest in? 

TIA 

Bitcoin, Ethereum and Polkadot 

Thank you 

I thought about YFI when it went below 17k but I dont know the mechanics of how it is priced..Ive done a fair ammt of DD on it and I understand what it is and how the value is there but with so many of these yield instruments I dont know if one is better positioned than another. And it kind of ticks me off that this crypto space is supposed to be all about efficiency and low cost but in reality its a racket just like the stock market, sites charge so many fees its a joke..and this YFI is fueled by the fees charged by exchanges and liquidity fees which kind of goes against the entire premise of crypto.

I have been trying to figure out correlation, I know it is Ether connected but I did not see a corresponding drop with Ether or BTC when this went down over the weekend...and I promised myself never again on coinbase due to their fees and stupid execution flaws but to go somewhere else is hoop jumping and I am not wanting that either.

In reality crypto is still inefficient and unregulated, full of risk and fees...which might be why I have not done more since my one trade.

Yeah I know what you’re saying. 

1. Coinbase is a complete ripoff 

2. Not using Coinbase is even worse 

I guess it comes down to if you think the investment is worth it all or not. 

22% of all US Dollars were created in 2020

Bitcoin 30 day historic volatility has been falling fast and is in the 20's. In the past it has hit 20% vol 7 times. 6 times prices exploded higher immediately and vol hit 80% in a few months. 1 time (Nov 2018) prices fell sharply. Either way, a big move is coming soon. 

YFI looks good at $15,000 

Been watching it, but I need to know what makes it go up and down...it isnt ETH because YFI has dropped much more than ETH...maybe its other metrics like exchange volume..until I get a grasp of why and what I dont think I will buy one. It has been making lower highs and lower lows for a bit now.

The crypto dumps are insane. Always goes much lower than I think. I’ll make the right move into btc or tether, everything dumps 10%, buy back in and it dumps another 20%. 

Youd think I would have learned by now. 

yeah some volume coming in on this YFI drop which might mean some shorting is going on. I dont see how given the small float that the volume would be high as it is. Also I think algos which support the bigger names are NOT in this one...you dont see that fake algo coming in to level out a drop. Even when they try to narrow the spread its for like .0000002 of one so it gets hit and the spread moves to 500 again..lol

I think Polkadot projects like POLS are going to do really well. 

Currently $0.34 

Square, the payments company helmed by Twitter CEO Jack Dorsey, announced Thursday it has purchased 4,709 bitcoins, a $50 million investment representing 1% of the firm’s total assets.

Volume starting to pick up on YFI 

Yeah that low under 13k looks good right now, its over 17k.

The YFI developer, Andre Cronje, dropped out of the project? 

DOT, TOMO, ADA, SXP, COTI 

My bags right now 

I hope people that read this thread are at least buying some Bitcoin for the next run. It’s going to happen. 

Alts are going to fly. You just need to be careful because after alts fly 10x-100x they will retrace by 90%. 

Last run 

BTC went from $500 to $20,000

ETH went from $10 to $1,000 

Monero went from $4 to $400 

Dash went from $7 to $1,500 

This is about to happen again 

Get ready 

Just bought a bunch of $POLS on Uniswap. I’ve been in crypto over three years and that was a very confusing process.