Cryptocurrency’s taking a swan dive

[bigbet1234]

Ada!!

 

[raiders72]

I'm getting out of the Axie biz. They just changed a lot of rules as far as earnings.

 

[SmallDaddy]

I'm getting out of the Axie biz. They just changed a lot of rules as far as earnings.

As I said....

That is why the pump kinda miffed me...

 

[raiders72]

As I said....

That is why the pump kinda miffed me...

ILV, Stoner Cats and Chicken Derby still in play.

 

[raiders72]

50 seconds in.

https://www.youtube.com/watch?v=FrZUQLt_TtA

 

[SmallDaddy]

Now CryptoBlades is nuking their reward program?

Yep...Ponzi schemes confirmed.

I am done with staking for now. Unstaking as it is becoming available.

If it happens to the top two games, it will happen to all of them eventually.

Now Cryptoblades IS looking into ad revenue, which they def should do.

Ad revenue is the only thing I can think of that would make them not a Ponzi scheme

 

[raiders72]

Now CryptoBlades is nuking their reward program?

Yep...Ponzi schemes confirmed.

I am done with staking for now. Unstaking as it is becoming available.

If it happens to the top two games, it will happen to all of them eventually.

Now Cryptoblades IS looking into ad revenue, which they def should do.

Ad revenue is the only thing I can think of that would make them not a Ponzi scheme

I'm still staking ILV. 90% APY

 

[Ricboff]

https://www2.deloitte.com/content/d...37_Blockchain-survey/DI_Blockchain-survey.pdf

 

[SmallDaddy]

Could someone explain this to me about liquidity providing?

If I enter into a liquidity pool involving a BUSD/USDC pair, am I guaranteed to get my money back even if the game (its a game) fails?

And there would be no possible 'impermanent loss', right (cause its a stable coin pair)?

 

[raiders72]

Could someone explain this to me about liquidity providing?

If I enter into a liquidity pool involving a BUSD/USDC pair, am I guaranteed to get my money back even if the game (its a game) fails?

And there would be no possible 'impermanent loss', right (cause its a stable coin pair)?

AMM (automated market makers) are decentralized and need liquidity to trade. With a centralized exchange, trades are peer to peer. A DEX such as Uniswap is decentralized and there isn't an order book. The price is based on an algorithm. Impermanent loss occurs when there's a huge price change in one of the coins because arbitrageurs will take advantage of this change. You aren't going to lose money with stable coin pairs.

 

[Biggins]

Bitcoins back in a big way. And the Dow breaking record highs.

 

[SmallDaddy]

Most of my posts in this thread didnt age well. LOL

 

[SmallDaddy]

If you look at the charts (weekly)... come on now!! Bizarro world. LOL

 

[PatsFan1283]

Come with bitcoin if you want to live

 

[SmallDaddy]

You are a braver man than I am, I got out at 57K, thinking it cant go higher LOL (where the is 'the gun to head' emoji when you need it?)

I just cant...

 

[SmallDaddy]

Can someone show me just one chart in the history of the markets, when after a move like that, it didnt retrace 50 percent?

 

[SmallDaddy]

a tweet I saw yesterday...

In anticipation of this momentous occasion, let us take just a moment and consider that:There is going to be an exchange traded fundwhich trades as an equitythat is based on a futures contractthat is based on a cryptocurrencywhich is nothing but 1s and 0s.

 

[Illini]

I am just about positive that we are in a bear market .
Although the charts are not identical to 13 and 17 the principles are the same .
We are going through the same exact typical cycle .

We probably still have another 25 to 35% downside to go to hit bottom but we have seen all the ATHs we gonna see for a few years

This did not age well. But you still HODLed, right?

Cheers, boys. We ain't seen nothing yet.

 

[rwjr]

Most of my posts in this thread didnt age well. LOL

Lets be honest .... MOST of your posts don't age well face)(*^%

 

[SmallDaddy]

Some one explain this to me! Is there an angle here????
Bitcoin briefly crashed 87% to about $8,000 on Binance's US crypto-trading platform

https://www.yahoo.com/finance/news/bitcoin-briefly-crashed-87-8-143639198.html

The reason I am asking, cause at Gemini (I dont have Binance) I put in an order for 62.5 and it was filled at like 1:40 am in the morning, yet the price was way higher at that time...
Maybe we should put in "unrealistic" prices yet they could be filled, in times of turmoil???

CNBC previously reported the price of bitcoin and other cryptocurrencies could vary from exchange to exchange because of the difference in supply on big platforms to small platforms. On top of that, there's no set way to price bitcoin, CNBC said.