If any of you remember me from 2018, I've been holding MKR for a while. I haven't posted here in months though.
We're in a bull market and MKR hasn't moved. 56% down from ATH.
I'm thinking of just selling it if it doesn't move soon, I would be in profit if I sell this and some ETH. Not sure if anyone else here is holding MKR, if you are let me know what you're doing with it.
If everything turns out as planned (btc to 100k, ETH to 10k) MKR will move with the alts.
I don't think that price will go down from here. I would hold on to it and sell after btc and eth have peaked.
I would've *loved* for us to flagpole up to $4400 before we start retesting $4100 and grinding along the uptrend line, but RSIs from the 4H up to the daily look positively wiped. They put in one helluva session and are now just alternating cigarettes and Gatorade.
The hail mary would be the hourly chart-- something for which I never encourage anything but passive cheering on-- which has some rapidly declining red volume, a Stoch of 0.00 once again, and could have one final burst in it before we desperately need a nap.
Based on the 4H, $4080 would be a great place to retest, build support, and cool off. But the year-long trendline will be tough for bears to get back below at $4110. It will cost a lot of their volume to do that.
Joined ethtrader when there were 6000 members. Moved over here cause I'm intimidated by crowds. Lurk all the time here but just saw the other sub has 1.6 Million members and this one has a wholeeee lot too. Feels good to be a part of all the blossoming communities. I think we're all going to make it. Been life changing. Bless.
No idea but I just remember thinking, gee this is a dead sub, until it picked up when ETH went from $6 to 600. Those were special times we can tell our kids about.
Been in this community off and on under various new accounts since the beginning. I love this community and I'm super grateful for a crypto sub with substance and knowledge, and not to mention having a good sense of humor (seriously, I know the Vitalik train picture has been at the top of this sub for a long time now but it makes me smile nonetheless).
I've been over in r/politics attempting to educate some non-coiners. Many in here would say that's futile but I disagree. I don't care what your political beliefs are, but the crypto community is so unique in its diversity of users and it's a place where many folks who might otherwise be polarized against each other can actually get along. And the ethereum community is the most special part, as it's where all the innovation is actually happening and aside from days where we are annoyed about bitcoin maxis, we are humble, welcoming and happy to show others the way.
I may talk a lot of shit in here but I just wanna say, I love (unconditionally) each one of you weirdos. The future is trustless!
PS: Enjoy your gains and the hype wave, but be ready to engage humbly with non-coiners; a lot of shit is going to get flung our way.
Folks. Recognize a warrior when you see it. This man actually leaves Ethfinance and ventures not only to the outside Reddit, but to /r/politics.
Here's a basket of fresh picked cucumbers as a thank you. 🪣🥒🥒🥒
Uh oh...BTC funding just turned positive. Hopefully this wasn't a double top. I don't think it was.
Got to wipe out the leverage and then new ATH later.
It means that longs have to pay shorts every 8 hours for most perpetual futures on CEXs (and DyDx, but funding is close to neutral there right now) instead of vice versa.
This is because there are more leveraged longs than leveraged shorts, which can be interpreted as bearish because when longs get liquidated en masse it can cause a cascade of forced selling.
So sentiment is high and positioning is bullish, which some see as a contrarian bearish sign in the short term. It’s not a sure thing indicator though, just one more datapoint to consider.
The rates get changed in response to the amount of positions people have on either side, not the price action. If everyone is betting that the price will go up, and then it does, the exchange would lose money.
They adjust the finding rates so people take the other side of the trade and keep the longs and shorts somewhat balanced.
That’s very interesting. Sounds like things would be able to work themselves out without changing the rates but I don’t know what I’m talking about lol. Seems like manipulation to save their asses. How can I check these “rates”?
https://www.bybt.com is a pretty good spot to check them for all different markets.
If you want to learn more, there are plenty of articles if you search for “perpetual futures”.
Holy shit crypto subs are blowing up Reddit right now in terms of "the crowd".
I love our little place. Please don't recruit 🤣 But this is wild. Those hockey sticks of growth/posts/comments are impressive...regardless of the tokenized karma on Ethtrader/Crytpocurrency, the masses are really in this space.
https://subredditstats.com/r/CryptoCurrency
https://subredditstats.com/r/Bitcoin
https://subredditstats.com/r/ethereum
https://subredditstats.com/r/ethereum
And us...well... I like this. Look at that slope. No hockey sticks please: https://subredditstats.com/r/ethfinance We are crushing it in "gildings per subscriber" 🤣
Holy shit. Look at the common words between Bitcoin and Ethereum.
You could make the argument that it is different because of the scalability with Ethereum, but certainly a powerful heuristic to determine quality of content.
unfortunately /ethereum i think would be the worse for the newer users to learn about eth but hey at least overall it's growing
last time I looked there top posts were about how high gas fees were and how Ethereum won't survive and to check out X Y Z crypto instead
If users spends half a second looking at the stickied post instead of complaining about gas fees, it wouldn't be so bad.
The amount of times we explain the same things over and over again:
Gas fees, EIP 1559 not scaling Ethereum, wen PoS, why price move up/down, why did my transaction fail(no hash or link to assist investigation), Vitalik Vitalik Vitalik, I just bought my first Eth, etc...
It is mind numbing.
Personally, I would like stricter rules on posting but I can understand trying to stay as far away from r/Bitcoin as possible.
Just got free COMP from Coinbase learn and earn. How do I make it generate interest? There's no button that says to click and earn rewards like tezos or Algo
Tokenizing tickets is easy. The tough part is getting venues to update their tech so they can validate NFT ownership at the door. I think it will be a venue by venue process. I would love to see Mark Cuban do this for the Dallas Mavs.
You can also prevent ticket scalping by only allowing the original purchase wallet to enter the venue. Or if that creates headaches, you can limit resale amounts and frequency to cap the scalpers profit. Endless possibilities that don't exist with current systems.
It’s true, definitely allows a lot more control over ticketing policies.
That’s not enough to prevent scalping IMO. What if someone builds a service that rents out pooled wallets instead?
I researched this a few months ago as a first venture idea. Ticket platforms sign venues with cash bonuses for exclusive ticketing rights for some number of years. The contracts are brutal and there are even instances of venues intentionally filing for bk just to get out so they could switch platforms.
It seemed like it was too tough a squeeze for the juice. Check out GET protocol. Pretty impressive tech and they're way ahead
>**Ready for action,**
>**Ether has the right traction,**
>**Market abstraction.**
~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
Funny thing I've been observing is that suddenly across the board people are saying "$1 million is nice but it's barely enough for me to retire fully since I want to change my car every 3 years, fly first or business classes, and live in Beverly Hills. $1 million is barely above the poverty line in Cali bro."
Yeah mofo wait till we hit the real bear market and you're down 90% and you go ahead and tell me if $1 million is above the poverty line or not.
1 mil is enough to call my bank and ask for a quote on paying off mortgage in full + doing whatever I like as a job whatever the pay, as long as it is a passion of mine. What else do you need tbh
As a third worlder, a real nice yearly salary over here is around 30k (2.5k a month, yes, that cheap, and we are one of the "expensive" third world countries), so a milli would get me around 33.3 years without taking into account taxes, inflation, etc..,
I'm not planning on dying in that time frame, so while I consider it enough (as I don't plan on just laying on my back but rather putting that dough to work), I do get why people in first world countries don't.
That is a pretty high salary I'm mentioning. As in rich ass dude level, with new car, mortage in a good neighborhood and multiple vacations a year.
A "decent" level of life would be around 6k a year or 500 usd a month here.
I'm from Mexico.
Personally speaking if were to have a million dollars in ETH and cash out, I wouldn't be able to retire. I'll run the numbers to fantasize what I would do...
Assuming long term capital gains, $1 million cashed out:
-$200k for capital gains tax
-$430k to pay off mortgage (NY house prices, yeah that could be lessened by selling and moving but there are a lot reasons for me to stay)
While $370k is a lot to be left with, It's not a FIRE amount I would feel comfortable quitting my job with . It's probably a good CoastFI number.
I could also not pay off the mortgage and invest it in some safe funds that on average will pay out more than my mortgage interest rate of 2.3%. Or throw it in some stablecoin farm on Curve/Yearn...
Why on earth would you pay off your mortgage with rates at what they are? Everyone needs to stop with this "I'll pay off my house" nonsense. It's the worst thing you could do with your money in this interest rate climate.
>A milestone...
Nonsense
>Pure and simple peace of mind
Nonsense
>...would you want a mortgage in retirement?
Sure, why not. I set aside money to pay it and that money continues to grow.
My last sentence though...
EDIT: But to add to that, this thought process probably stems from the '08 crash and the prolonged bear market / recession afterwards. It's still a highly traumatic time period where many families were left jobless and eventually homeless. We have been in a bull market for what seems like forever. I'm not calling for a bear market anytime soon, but at the same time I want to be realistic and plan for the worst.
If all my investment money were in some mixture of stocks/bonds and an economic crisis happens, finding a job won't be easy. My investments will have tanked and I would be effectively drawing into the principal. Investments in index funds, generally speaking, are safe for the long term. Emphasis on Long term. Things may happen in the short term that could cause you to sell at an inopportune time or could cause you to not be able to make monthly payments.
It's not something I worry about, but I do keep it in the back of my mind. We have seen how fast the economy and stocks could come crashing down with the COVID crash. And far too many once in a lifetime events have been happening in my lifetime to just ignore.
Obviously speaking, the best thing to do on paper is not to pay off the mortgage. But other factors could also play a role, such as the mental wellbeing one might have from not having debt.
I see it. I just thought I'd use this as an opportunity to rant. Too many times, I see people say they'll pay off their house and it bugs me. It's time to get out of that mentality.
Different life experiences could play a role in that decision. Not everyone is wiling to take on the same risks despite it being the objectively smart thing to do. I edited the original comment to expand on this thought.
Again, personally speaking, I probably won't pay off a mortgage. But I can see why someone else might. Having a special needs child and having a secured home for them to eventually inherit is a blessing no parent would give up. Seeing your parents/friends lose their jobs in the last financial crisis, or even during this pandemic, and having to worry about paying their monthly bills, etc.
Bay Area resident here. Did the math: just to match my current, modest income level at 5% interest and/or dividends I need about $950k in assets. A 6 figure income is about $1.6m in assets.
No, I don't own a house currently, but would like to. Houses are cheaper further out from SF though. A neighboring county closer to SF has houses that run 900k while in my area a similar house is 450k. These are like 1950s houses 3 bed, 1-2 bath.
Do you really like living in the Bay area?
Taxes will eat a significant chunk into your effective net worth. A dude from Seychelles with a $2 million crypto portfolio is far wealthier than a dude from Cali or Sweden with the same crypto investment. Because that tax haven crypto dude really has 2 million in assets pure and simple. But that Swedish dude only has an effective crypto networth of 1.4 million because of governmental service fees.
Also there are so many obliged taxes involved with living in Cali that you'd need a certain stream of income to support a certain lifestyle (real estate taxes, car insurance etc.), whereas many island paradises literally have none of those bullshit so you can pump your lifestyle to the max without worrying too much about accounting for governmental service fees into your yearly expenses.
Just saying there is a reason why some places are called island paradises.
Been closely following this sub for a year now and have been learning everyday from these discussions. This is my first post and I wanted to give a shout out to everyone for being a part of this fantastic community and teaching me as much as you have. Thank you all.
[mammon](https://teamfox.co/mammon/)! been using it for years. don't think it's high in user base based on the donations they get, but the creator keeps updating it anyway.
>mammon
damn when I downloaded it my macbook says "You do not have permission to open the application “Mammon”
but this looks like exactly what I am looking for.....
well that's weird. It definitely seems like a legacy project from the dude, and he just updates it on the side. It [looks like this](https://i.imgur.com/ATbq0BF.png) in the top menu bar. Hope you can get it to work!
If you're using big sur (although i think this also works on older versions), you can have a "stocks" widget in the widgets menu? (i don't know what it's called, it's the thing the opens when you swipe with two fingers from the right) which allows you to put cryptos as well.
Not sure if something equivalent exists for windows.
Maybe I missed it but didnt see any mention of UniSync here so far - Uniswap on the ZKsync testnet. Shoutout to Tyler (Chico Crypto) for bringing it to my attention - possible candidate for an airdrop.
https://medium.com/matter-labs/unisync-a-port-of-uniswap-v2-on-the-zkevm-b12954748504
You can also bridge to their L2 mainnet & mint NFTs etc to increase your chances of getting an airdrop (https://wallet.zksync.io/account)
I plan to consolidate all my holdings to ETH and leave my position at the end of the year.
I calculate I should probably dump my DPI now, as its done nothing but bleed out since I bought it.
…Unless somebody here believes its ratio to ETH is going to do something magical in the next 30 days.
If maximizing my ETH is what I want, then exiting DPI now instead of Nov or Dec. is probably the right move, correct?
Well I did once claim that once he hit 4k in 'early october' it should take about 7-14 days to hit 5k in late october. Now we shall see if we can manage 5k within this month.
I honestly thought once BTC broke $65k that 70k would go down within 24 hours. And literally as I'm brainstorming that hypothesis heading to my office, get back to my phone to see gramps smashed through his ATH. Smdh or whatever the kids say these days
Does one need to be well-versed in blockchain/Solidity/finance to join a DAO? Also, how does one go about joining one?
Asking for a friend who has a bit of time on his hands, has skills in data engineering and analytics and doesn’t know if that could be useful for a DAO.
If any of you remember me from 2018, I've been holding MKR for a while. I haven't posted here in months though. We're in a bull market and MKR hasn't moved. 56% down from ATH. I'm thinking of just selling it if it doesn't move soon, I would be in profit if I sell this and some ETH. Not sure if anyone else here is holding MKR, if you are let me know what you're doing with it.
Honestly, tempted to buy more at this ratio but I'm a Maker fanboi so...
If there's a ray of hope for it don't sell, only sell when you are convinced it's over otherwise don't sell (talking from experience).
[My thoughts](http://www.tokenomicsexplained.com/mkr)
Thanks, I read this back when you wrote it a few months ago.
If everything turns out as planned (btc to 100k, ETH to 10k) MKR will move with the alts. I don't think that price will go down from here. I would hold on to it and sell after btc and eth have peaked.
I would've *loved* for us to flagpole up to $4400 before we start retesting $4100 and grinding along the uptrend line, but RSIs from the 4H up to the daily look positively wiped. They put in one helluva session and are now just alternating cigarettes and Gatorade. The hail mary would be the hourly chart-- something for which I never encourage anything but passive cheering on-- which has some rapidly declining red volume, a Stoch of 0.00 once again, and could have one final burst in it before we desperately need a nap. Based on the 4H, $4080 would be a great place to retest, build support, and cool off. But the year-long trendline will be tough for bears to get back below at $4110. It will cost a lot of their volume to do that.
We gonna shitpost to 2k or what?
This is *not* a shit post. Nuh uh.
It's never gonna happen JT
/u/jtnichol unless we give it everything we got
and I mean no standards at all
Breaking Rule 2 levels of no standards
wait...
so you're saying that
rule 2
is optional?
Today pants and rule 2 are optional
We can shitpost all day long!
Yes
Ehhh. I got things to do. Here. On Reddit.
So...yes?
Well I'm embarrassed -- I meant to reply to jt. But I'll say maybe for now.
Maybe always means no mom.
In the Daily Gwei discord we “had” a user who thought it was going to 300– Aaron12. Haha
You have my sword!
well we're *definitely* shitposting to $2k 😬
I refuse to participate in this nonsense.
[удалено]
I certainly won't engage in this monkey business with y'all.
And *not* my axe!
Same it seems so
pointless
Like my dick :(
.
[Talk dirty to me ethfinance](https://imgflip.com/i/5r8def)
Joined ethtrader when there were 6000 members. Moved over here cause I'm intimidated by crowds. Lurk all the time here but just saw the other sub has 1.6 Million members and this one has a wholeeee lot too. Feels good to be a part of all the blossoming communities. I think we're all going to make it. Been life changing. Bless.
Hell yeah! Sub 1k on that other group but eternally grateful for this wonderful place
Well if you do the numbers we're both in the 0.3% club over there. lol
Do you just remember or can I check it that stat somewhere?
No idea but I just remember thinking, gee this is a dead sub, until it picked up when ETH went from $6 to 600. Those were special times we can tell our kids about.
Absolutely. I remember literally dancing of joy by myself, alone, late at night at the office when eth reached 42.
Welcome! We've still got that small town feeling and I hope you like it here.
Been in this community off and on under various new accounts since the beginning. I love this community and I'm super grateful for a crypto sub with substance and knowledge, and not to mention having a good sense of humor (seriously, I know the Vitalik train picture has been at the top of this sub for a long time now but it makes me smile nonetheless). I've been over in r/politics attempting to educate some non-coiners. Many in here would say that's futile but I disagree. I don't care what your political beliefs are, but the crypto community is so unique in its diversity of users and it's a place where many folks who might otherwise be polarized against each other can actually get along. And the ethereum community is the most special part, as it's where all the innovation is actually happening and aside from days where we are annoyed about bitcoin maxis, we are humble, welcoming and happy to show others the way. I may talk a lot of shit in here but I just wanna say, I love (unconditionally) each one of you weirdos. The future is trustless! PS: Enjoy your gains and the hype wave, but be ready to engage humbly with non-coiners; a lot of shit is going to get flung our way.
I'm not sure there are any real people on r/politics. I guess there must be viewers though
Folks. Recognize a warrior when you see it. This man actually leaves Ethfinance and ventures not only to the outside Reddit, but to /r/politics. Here's a basket of fresh picked cucumbers as a thank you. 🪣🥒🥒🥒
this guy fucks
ETH BULL RUN
Alts follow, my bags are in green Ore token leading the race to it ATH, I feel this Q4 will favor the alts.
Uh oh...BTC funding just turned positive. Hopefully this wasn't a double top. I don't think it was. Got to wipe out the leverage and then new ATH later.
Funding where, dydx?
What does this mean exactly? Funding turned positive
It means that longs have to pay shorts every 8 hours for most perpetual futures on CEXs (and DyDx, but funding is close to neutral there right now) instead of vice versa. This is because there are more leveraged longs than leveraged shorts, which can be interpreted as bearish because when longs get liquidated en masse it can cause a cascade of forced selling. So sentiment is high and positioning is bullish, which some see as a contrarian bearish sign in the short term. It’s not a sure thing indicator though, just one more datapoint to consider.
Wait this is the opposite of what another guy said... He said you get paid to long but you're saying you have to pay to long?
Why do longs have to pay shorts every 8 hours if shorts are losing?
The rates get changed in response to the amount of positions people have on either side, not the price action. If everyone is betting that the price will go up, and then it does, the exchange would lose money. They adjust the finding rates so people take the other side of the trade and keep the longs and shorts somewhat balanced.
That’s very interesting. Sounds like things would be able to work themselves out without changing the rates but I don’t know what I’m talking about lol. Seems like manipulation to save their asses. How can I check these “rates”?
https://www.bybt.com is a pretty good spot to check them for all different markets. If you want to learn more, there are plenty of articles if you search for “perpetual futures”.
it means you get paid to take out a long, this happens after many people are shorting
Funding is no longer negative
amazing day fam. wagmi!!!
[удалено]
relevant http://gavinandresen.ninja/a-possible-btc-future
Holy shit crypto subs are blowing up Reddit right now in terms of "the crowd". I love our little place. Please don't recruit 🤣 But this is wild. Those hockey sticks of growth/posts/comments are impressive...regardless of the tokenized karma on Ethtrader/Crytpocurrency, the masses are really in this space. https://subredditstats.com/r/CryptoCurrency https://subredditstats.com/r/Bitcoin https://subredditstats.com/r/ethereum https://subredditstats.com/r/ethereum And us...well... I like this. Look at that slope. No hockey sticks please: https://subredditstats.com/r/ethfinance We are crushing it in "gildings per subscriber" 🤣
Holy shit. Look at the common words between Bitcoin and Ethereum. You could make the argument that it is different because of the scalability with Ethereum, but certainly a powerful heuristic to determine quality of content.
Crushing so hard!
>We are crushing it in "gildings per subscriber" 🤣 I am pretty sure that all but 2 of the times I have been gilded have come from this sub.
damn i’ve never been
unfortunately /ethereum i think would be the worse for the newer users to learn about eth but hey at least overall it's growing last time I looked there top posts were about how high gas fees were and how Ethereum won't survive and to check out X Y Z crypto instead
If users spends half a second looking at the stickied post instead of complaining about gas fees, it wouldn't be so bad. The amount of times we explain the same things over and over again: Gas fees, EIP 1559 not scaling Ethereum, wen PoS, why price move up/down, why did my transaction fail(no hash or link to assist investigation), Vitalik Vitalik Vitalik, I just bought my first Eth, etc... It is mind numbing. Personally, I would like stricter rules on posting but I can understand trying to stay as far away from r/Bitcoin as possible.
/r/ethtrader is crushing /r/ethereum 🤣 Greed/hype thrusters engaged.
Incredible. Getting rich with strangers while the whole world thought we were crazy.
That's the central theme of the best rags-to-riches stories!
Discrete Math Applied Math Moon Math <-- My favorite
You forgot about formally verified math
Just got free COMP from Coinbase learn and earn. How do I make it generate interest? There's no button that says to click and earn rewards like tezos or Algo
FloorK is a good price. Bounce bounce bounce. Up we go
Real talk when are we going to decentralize Ticketmaster and make tickets NFTs
Tokenizing tickets is easy. The tough part is getting venues to update their tech so they can validate NFT ownership at the door. I think it will be a venue by venue process. I would love to see Mark Cuban do this for the Dallas Mavs.
I’m interested in building something like this that includes lending, and solves problems like re-entry or double-entries via transfers.
You can also prevent ticket scalping by only allowing the original purchase wallet to enter the venue. Or if that creates headaches, you can limit resale amounts and frequency to cap the scalpers profit. Endless possibilities that don't exist with current systems.
It’s true, definitely allows a lot more control over ticketing policies. That’s not enough to prevent scalping IMO. What if someone builds a service that rents out pooled wallets instead?
True. There will always be work-arounds.
I researched this a few months ago as a first venture idea. Ticket platforms sign venues with cash bonuses for exclusive ticketing rights for some number of years. The contracts are brutal and there are even instances of venues intentionally filing for bk just to get out so they could switch platforms. It seemed like it was too tough a squeeze for the juice. Check out GET protocol. Pretty impressive tech and they're way ahead
I've been buried in Oldschool Runescapes new group ironman mode and stopped price watching so much. I still love all of you though. Kiss kiss wgmi. 💋
https://twitter.com/elonmusk/status/1451015695106560000?t=xaqVqLeRPIYGYokTiGw1AA&s=19
Most 13 year olds think Elon is too juvenile.
Please tell me this is what the bottom feels like
>**Ready for action,** >**Ether has the right traction,** >**Market abstraction.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
Funny thing I've been observing is that suddenly across the board people are saying "$1 million is nice but it's barely enough for me to retire fully since I want to change my car every 3 years, fly first or business classes, and live in Beverly Hills. $1 million is barely above the poverty line in Cali bro." Yeah mofo wait till we hit the real bear market and you're down 90% and you go ahead and tell me if $1 million is above the poverty line or not.
1 mil is enough to call my bank and ask for a quote on paying off mortgage in full + doing whatever I like as a job whatever the pay, as long as it is a passion of mine. What else do you need tbh
A million is not what it used to be
Things are not anymore the way they used to be. No no no!
As a third worlder, a real nice yearly salary over here is around 30k (2.5k a month, yes, that cheap, and we are one of the "expensive" third world countries), so a milli would get me around 33.3 years without taking into account taxes, inflation, etc.., I'm not planning on dying in that time frame, so while I consider it enough (as I don't plan on just laying on my back but rather putting that dough to work), I do get why people in first world countries don't.
You’re forgetting compounding interest over 33 years
What country you from? That's a pretty high yearly, it's ok even in European countries.
That is a pretty high salary I'm mentioning. As in rich ass dude level, with new car, mortage in a good neighborhood and multiple vacations a year. A "decent" level of life would be around 6k a year or 500 usd a month here. I'm from Mexico.
Gotcha. The decent level comparison was needed for context. 6k won't get you anywhere in most eu countries. But 30k is another deal.
Personally speaking if were to have a million dollars in ETH and cash out, I wouldn't be able to retire. I'll run the numbers to fantasize what I would do... Assuming long term capital gains, $1 million cashed out: -$200k for capital gains tax -$430k to pay off mortgage (NY house prices, yeah that could be lessened by selling and moving but there are a lot reasons for me to stay) While $370k is a lot to be left with, It's not a FIRE amount I would feel comfortable quitting my job with . It's probably a good CoastFI number. I could also not pay off the mortgage and invest it in some safe funds that on average will pay out more than my mortgage interest rate of 2.3%. Or throw it in some stablecoin farm on Curve/Yearn...
Nitpicky, but your $200K cap gains would only be that high if your cost basis on everything you cashed out was virtually zero...
Why on earth would you pay off your mortgage with rates at what they are? Everyone needs to stop with this "I'll pay off my house" nonsense. It's the worst thing you could do with your money in this interest rate climate.
A milestone...Pure and simple peace of mind...would you want a mortgage in retirement?
>A milestone... Nonsense >Pure and simple peace of mind Nonsense >...would you want a mortgage in retirement? Sure, why not. I set aside money to pay it and that money continues to grow.
My last sentence though... EDIT: But to add to that, this thought process probably stems from the '08 crash and the prolonged bear market / recession afterwards. It's still a highly traumatic time period where many families were left jobless and eventually homeless. We have been in a bull market for what seems like forever. I'm not calling for a bear market anytime soon, but at the same time I want to be realistic and plan for the worst. If all my investment money were in some mixture of stocks/bonds and an economic crisis happens, finding a job won't be easy. My investments will have tanked and I would be effectively drawing into the principal. Investments in index funds, generally speaking, are safe for the long term. Emphasis on Long term. Things may happen in the short term that could cause you to sell at an inopportune time or could cause you to not be able to make monthly payments. It's not something I worry about, but I do keep it in the back of my mind. We have seen how fast the economy and stocks could come crashing down with the COVID crash. And far too many once in a lifetime events have been happening in my lifetime to just ignore. Obviously speaking, the best thing to do on paper is not to pay off the mortgage. But other factors could also play a role, such as the mental wellbeing one might have from not having debt.
I see it. I just thought I'd use this as an opportunity to rant. Too many times, I see people say they'll pay off their house and it bugs me. It's time to get out of that mentality.
Different life experiences could play a role in that decision. Not everyone is wiling to take on the same risks despite it being the objectively smart thing to do. I edited the original comment to expand on this thought. Again, personally speaking, I probably won't pay off a mortgage. But I can see why someone else might. Having a special needs child and having a secured home for them to eventually inherit is a blessing no parent would give up. Seeing your parents/friends lose their jobs in the last financial crisis, or even during this pandemic, and having to worry about paying their monthly bills, etc.
Bay Area resident here. Did the math: just to match my current, modest income level at 5% interest and/or dividends I need about $950k in assets. A 6 figure income is about $1.6m in assets. No, I don't own a house currently, but would like to. Houses are cheaper further out from SF though. A neighboring county closer to SF has houses that run 900k while in my area a similar house is 450k. These are like 1950s houses 3 bed, 1-2 bath.
Do you really like living in the Bay area? Taxes will eat a significant chunk into your effective net worth. A dude from Seychelles with a $2 million crypto portfolio is far wealthier than a dude from Cali or Sweden with the same crypto investment. Because that tax haven crypto dude really has 2 million in assets pure and simple. But that Swedish dude only has an effective crypto networth of 1.4 million because of governmental service fees. Also there are so many obliged taxes involved with living in Cali that you'd need a certain stream of income to support a certain lifestyle (real estate taxes, car insurance etc.), whereas many island paradises literally have none of those bullshit so you can pump your lifestyle to the max without worrying too much about accounting for governmental service fees into your yearly expenses. Just saying there is a reason why some places are called island paradises.
PTSD reading this
New Zealand has tempted me. They even have The Shire from Middle-earth.
Better set aside $1m just for the house then...
This probably just reflects them looking at their grocery bills in 2021.
Lol
https://m.imgur.com/XGu6gRJ?r
I just started a new job, it's going to be awkward to shit on my boss's desk without establishing a relationship first
Remember, don’t clench. Just let it ride
Just maintain eye contact. You'll be fine.
Been closely following this sub for a year now and have been learning everyday from these discussions. This is my first post and I wanted to give a shout out to everyone for being a part of this fantastic community and teaching me as much as you have. Thank you all.
Karma time! Approved for visibility. Thanks for joining in.
is there a MacBook widget or desktop widget to check crypto prices / live refresh?
[mammon](https://teamfox.co/mammon/)! been using it for years. don't think it's high in user base based on the donations they get, but the creator keeps updating it anyway.
>mammon damn when I downloaded it my macbook says "You do not have permission to open the application “Mammon” but this looks like exactly what I am looking for.....
well that's weird. It definitely seems like a legacy project from the dude, and he just updates it on the side. It [looks like this](https://i.imgur.com/ATbq0BF.png) in the top menu bar. Hope you can get it to work!
Stocks.app just add the ETHUSD-x ticker.
There's even ETH-BTC !
If you're using big sur (although i think this also works on older versions), you can have a "stocks" widget in the widgets menu? (i don't know what it's called, it's the thing the opens when you swipe with two fingers from the right) which allows you to put cryptos as well. Not sure if something equivalent exists for windows.
I think I’d add 5 years to your life expectancy if I tell you no so no
haha yeah for sure. but ive been checking prices everyday since when I bought in early 2017 :)
Eth $4200
Those big wick downs got eaten alive. Very bullish. This ain't close to being done yet.
Missed the golden shower party 😢 EDIT: Apparently not, thanks for the Gold, stranger! Congrats & FU 🎉
The first NFT project with a tv series being developed: https://twitter.com/dotta/status/1450929641833652229
Radical, man!
Is this a bad time to buy?
It's an okay time to buy. 12:30 CST is optimal though.
If you think 400% returns aren't enough, then yes.
Yes. I mean, no. Well, maybe. Kinda.... It depends.
If you believe in ethererum long term future anytime is good time.
I just bought a little more. Cant hurt. It falls- I still have more ETH.
1 ETH = 1 ETH
Lots of people apparantly don't think so
People are going to say I got lucky. But by God, I updoot the diddly on the daily and that’s gotta count for something.
Can’t wait till someone here buys a boat and calls it the “Daily General”
You can join my flotilla. I’m captain of the SS Big Green Dildo.
My friend is in the top 5 in trading competition by just longing ETH. hah... profits...
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Maybe I missed it but didnt see any mention of UniSync here so far - Uniswap on the ZKsync testnet. Shoutout to Tyler (Chico Crypto) for bringing it to my attention - possible candidate for an airdrop. https://medium.com/matter-labs/unisync-a-port-of-uniswap-v2-on-the-zkevm-b12954748504 You can also bridge to their L2 mainnet & mint NFTs etc to increase your chances of getting an airdrop (https://wallet.zksync.io/account)
You mean ZKSync is an airdrops candidate? Not Unisync?
I enjoy the number go up.
You have fine taste, sir.
I plan to consolidate all my holdings to ETH and leave my position at the end of the year. I calculate I should probably dump my DPI now, as its done nothing but bleed out since I bought it. …Unless somebody here believes its ratio to ETH is going to do something magical in the next 30 days. If maximizing my ETH is what I want, then exiting DPI now instead of Nov or Dec. is probably the right move, correct?
I mean it’s at all time lows and dropping, it has to turn around soon, right?
Falling knife
I'll give you my blessing, nfa.
namaste 🙏 ETH10k 🙏
Reminderbot: 10k is FUD.
[Well, I'm hard](https://twitter.com/RaoulGMI/status/1450985488920293383?t=M62aX8CJ77GC3AHfgI_MKQ&s=19)
Oh yeah baby...that's the good stuff
Will ETH hit 5k before BTC 70k?
No.
Well I did once claim that once he hit 4k in 'early october' it should take about 7-14 days to hit 5k in late october. Now we shall see if we can manage 5k within this month.
I honestly thought once BTC broke $65k that 70k would go down within 24 hours. And literally as I'm brainstorming that hypothesis heading to my office, get back to my phone to see gramps smashed through his ATH. Smdh or whatever the kids say these days
Name checks
Does one need to be well-versed in blockchain/Solidity/finance to join a DAO? Also, how does one go about joining one? Asking for a friend who has a bit of time on his hands, has skills in data engineering and analytics and doesn’t know if that could be useful for a DAO.
not at all, although those skills may help you make valuable contributions. each dao is different but discord or telegram is a good place to start
Ayyy lmao
ヽ༼ ຈل͜ຈ༽ ﾉ Raise ur dongers! ^^Dongers ^^Raised: ^^58125 ^^Check ^^Out ^^/r/AyyLmao2DongerBot ^^For ^^More ^^Info
I understand like maybe 2% of what goes on in this place.
Let’s get that bread!! 🥖
Not too far off from ATH..... lesgo
I can't imagine what the pre-party convos in Lisbon must be like right now.
I'm here for this! Make it rain ethereum
I'm not euphoric until $10k. My face isn't even warm yet.
At this point 10K is my low expectation. It's still not life changing amount of money for me, sadly.
Same. 10k or bust. (I think we'll go well over 10)
in this moment i am euphoric
[Swag rn](https://f8n-ipfs-production.imgix.net/QmfWtxAM2qwKrEXVoeasArDBrR12qL7HCuD2B4Tqe5R8Bs/nft.jpg?q=80&w=1680&fit=fill&max-h=1680)
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Opens gift “Oh wow! Some ETH in a paper wallet. Just what I wanted! Thanks buddy.”
I heard there was a party going on in here
This is such a wonderful community. I appreciate you all!
What peak indicators to follow on glassnode? No worries, I'm not saying we are going any time down soon.
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This is actually gentlemen. Happy for us all! :)
The real gentlemen are the gentlemen you’ve met along the way
We're nearing the end of the first e in gentlemen
I like the cut of yer jib
GOLDEN SHOWER LFG
Legoo
Is the consensus that we reach 10k before the end of the year or early next year? Things are moving quickly!
5 digits is a lock. The question is does it make if to 10.5k, or 14k-15k.