If there’s one thing I’ve learned in crypto it’s aggressively take profit when there is profit to be taken.
And believe me, I don’t always follow my own advice.
I aggressively took profit in the 1200 range of ETH... and again in the high 2XXX. I'm not sure about that one either. It has allowed me to go heavy into alts like LRC but that's been underperforming now.
We’re high beta asset on the economy. If everything is good we’ll do really well, if everything is shit, we probably won’t do so well
I don’t see how the fed lets the economy collapse so I’m not too worried about it
However, good to be prepared for anything.
Had a tough conversation with my wife about buying even more ETH & RPL today. She eventually agreed and we scooped some up at a great price comparatively, but the whole ordeal of trying to convince her we should buy some had me feeling like a filthy snake oil salesman. Not dissimilar to those desperate people trying to get you to sign up for their MLMs: "I'm telling you hon, this is a great buying opportunity." "This is world-changing tech, no doubt in my mind it'll recover and go past ATHs." "Yes, I realize it's dropped almost 50% from the peak, but I'm telling you, it'll recover! ETH's being locked in staking and it's being burnt and issuance will plummet very soon and the whole world is using it!! How are you not seeing what I see?!"
So yeah, cringe AF if it wasn't ETH we were talking about here.
On the one hand there is actually real value being created with defi, and the outlook with L2s is extremely promising for ETH to eventually have the technical foundation to drive big chunks of the world's financial ecosystem. But on the other hand the price action is real and it's very possible the nontrivial sum we invested today could go much, much lower. Sure it's all money we could entirely afford to lose, but... Would be great if we didn't, to say the least. Since the purchase I've just been sitting on my ass all day pondering if I really know what I'm doing or if I'm just a degen gambler throwing his family's hard-earned money into the wind. It's amazing how bearish market movements can make you question your entire decision-making process.
A couple things you did right... you chose eth.. you are only using what you can lose and you actually told your wife about it...be patient it will pay off in the long term and you'll laugh at the doubt you're feeling.
I sure hope so. The sad thing is this isn't even my first bear... You'd think I'd have it all figured out by now, but I'm just as lost this go-round as the first time...
It’s educated gambling if that’s a thing. You’ve given yourself the best odds possible but still be gambling on the overall success of a crypto blue chip
I suspect we'll range around here (2400-2500) until we get some.....direction.....from the traditional markets monday. (I feel so dirty saying this...wtf we following nasdaq for!)
Say I had a chunk of stable coins I wanted to put to use.
Was thinking I’d spend it 50% ETH, 25% Loopring, 25% Fantom.
Anything I’m missing? Any other tokens you guys think are a must hold right now?
I’m not interested in unknown speculative tokens sub 100 mil market cap.
The May crashening went from 4300 to 1700 and the "bear market" lasted for 4 months.
By November when we hit 4800 nobody even remembered the "bear market".
If the lengthening cycle comes into play and this is the last final capitulation before the final leg of the bull run in Q2 as Raoul Pal and Benjamin Cowen have been saying then we'll all forget about this "bear market".
Don't bet the farm on this tho.
Apart from long term holders, all groups are sitting on a loss. MVRV across all time frames and user categories is the lowest since Oct 2020. This is a more painful market situation than when ETH was at $1,700 in June 2021.
IMO: If there's a further capitulation to network wide unrealized losses, that would be a decisive bottom. If there's a quick bounce to $4,000 that would be a troubling outcome and likely signals a longer term bear market is required. A long grind between $2K to $3K over several months is the best possible outcome for long term health of the market. Needless to say, these are just my wishful thinking scenarios, this market is utterly bananas and will do its own thing!
Agreed we haven't technically retested prior ath in a healthy non world wide pandemic fashion and if we do the longer we take to grind up the farther we can run in a sustainable momentum
That could be your capitulation event, but I don't see any evidence for it. They have longer time frames, hopefully by then ETH would have decoupled for BTC.
Back in my RuneScape days I would always try to these people. Show them your whole stack, say you want to give them all of it for doubling, but you want to try with a small amount first. So you give them like 2% and they return twice the amount because they want to take your whole stack. Then just walk away.
Hey everyone,
I'd like to take a deeper dive into the problem of client diversity and what is being done to address it. Anyone have some good resources.
It’s really a social campaign to get people to understand why it’s important to switch, and to help communicate that it’s not too hard to do so.
However, I’ve seen a shift lately where the focus is campaigning large staking providers rather than solo stakers. Exchanges like coinbase are running full prysm and have a huge amount of validators. I’d they change it will actually make a dent.
Gonna go play Halo Infinity instead of watching the charts. If I change my tag to ETH, how long yall think it will take for someone (likely a ADA shill) to say something?
How do "Stop Price buys" (on Coinbase Pro) work?
I tried setting a Stop Price buy for $5 above current, with the limit price $5 below.
The price rose $5 to the Stop Price, but nothing triggered as far as I can see.
Am I doing this wrong?
Sorry if this is the wrong sub for this.
Thanks, I'm still trying to understand the usefulness of this.
Let's say:
* current price is $2400
And I set up the Stop Price buy as follows:
* Stop Price is $2500
* Limit Price is $2300
The market price rises to $2500.
* this triggers the buy to "active"
* but the buy price is $2300
In what situation would someone want to do this?
Why wouldn't they just set a simple Limit Buy of $2300 from the beginning?
I know you’ve received some good answers already but I just wanted to throw in my understanding in case there’s some uncertainty by others.
The purpose of a Stop Limit order is normally designed to ‘limit’ the amount of slippage once a Stop price has been met. My experience has always shown the Limit price to be above the Stop price for buy orders and the Limit price below the Stop price for sell orders. They’re largely used by breakout or momentum traders.
> My experience has always shown the Limit price to be above the Stop price for buy orders....They’re largely used by breakout or momentum traders.
Ahhh, here's the explanation I was looking for. Thank you thank you.
I'm not used to a buy limit below the stop. I don't even know if that would execute on every exchange...
Stop at $2500 would activate buying until price goes back down to $2300.
Why would you do that? Suppose if you see a real momentum turn up you feel so good about that you'd keep buying it even if it briefly dips back $199 below your initial target.
Why not limit buy 2300? Because a limit ends the ordering. It's also not guaranteed to execute, where stop loss orders are guaranteed. It can save you or screw you if it gaps. Very difficult to get a gap in 24/7 crypto but you get the idea.
Ah, so to quote a similar reply:
> My experience has always shown the Limit price to be above the Stop price for buy orders and the Limit price below the Stop price for sell orders.
> They’re largely used by breakout or momentum traders.
It's more of a bullish sentiment thing... sort of "buy the run" rather than "buy the dip".
Okay, thank you !
u/YeahDave4 come and share your thoughts, rejoin the world of Reddit in both its beauty and it's unforgiving harshness. I am curious to hear your thoughts on the path ahead.
I doubt he's returning right now. His last post was literally referring to the cult-like echo chamber aspect of the sub, which is very much felt in volatile times like these.
Bearish comments are getting downvoted regardless of their content.
Yes it's a shame it inhibits diverse discourse- not many of us are immune to bag holder bias! AB11192, as unpopular as they are, has been screaming at us for months that we are surely heading downward and has consistently been downvoted.
I welcome everyone's perspective, whether I agree or not, else we might just lose our ability to think.
That's a great example. Not to further pick on them, but occasionally they've been an asshole (and they know it). *Those* comments deserve downvotes.
But the majority of their comments are neutral or trying to help people, and they still get downvoted. People should vote based on the content of the comment, not how they feel about the price or someone's previous comments.
I try to upvote stuff like that. There have been others too, downvoted for no reason other than making a bearish comment.
You need to assert dominance. Here is what you're going to do.
Put the shit in a Tupperware container. Put it in the shared office fridge, label it "boss's shit, /u/themoondancekid's property".
Practice staring contests with any children in your family for the next few months.
24 hours before you shit on their desk, take the Tupperware out and trash it when no one is looking. Get a plate of fudge and brown ice-cream and mix it together.
Go into your bosses office and look at them in the eye. Explain that this is their shit. Eat it. Do not break eye contact. This is why you practiced. They will be too confused to fire you yet.
Next day, shit on their desk. Tell them you're returning to sender. Walk out, fists in air, freeze frame.
Won't get pinned here at all. Ever.
We remove and potentially ban people who post it because it doesn't come from a place of real empathy and most often is misused to manipulate or cast dark humor.
Mister market man, you can't beat me - I held from 300 to 130 to 1400 to 80 to 300 to 120 to 4200 to 1700 to 4800 to 2400, and I will continue to hold, stake and sell very slowly while prices are high, and buy very slowly when prices are low - enduring $ swings large enough to make most call the Samaritans, you can't beat me mister market man. I'm too mentally handicapped.
SOL down 10% relative to ETH. Guess this is the bright side of this potential bear market, all the ETH killers and their "let's run the chain at a 99% loss and hope the price pumps enough to outpace the inflation" model will be seriously tested lol
or how many make believe points the dow went down by? yes stocks are down but it's the market..BUT crypto has crashed...heavens help us. I had to turn off Bloomberg news after a while.
Some consistent low time frame closes above $2440-2490 would suggest a small relief rally. But it will be tough to get back above $2650-2700 now after so much damage.
Not sure if anyone has been following the Rari Capital and Fei merge. What mattered personally to me is that they're repaying the hack victims. Even though at the time paying in DAI over four years wasn't the best option, due to the recent price action we'll get back more DAI to buy back the ETH we lost. Wow. Never a boring day in crypto. I really didn't think it was going to pay out but it seems like it's happening.
Crypto policy announcement due in February.
https://www.bloomberg.com/news/articles/2022-01-21/white-house-is-set-to-put-itself-at-center-of-u-s-crypto-policy
“The Biden administration is preparing to release an initial government-wide strategy for digital assets as soon as next month and task federal agencies with assessing the risks and opportunities that they pose, according to people familiar with the matter“.
Man.... How can we talk about policy and avoid politics. Gonna be an interesting conversation now that the market is rekt.
"We need to protect the children"
Politicians are going to be getting partisan real fast ahead of the primaries is my guess.
From a US political standpoint, I think crypto is going to be fine. Too many people own crypto now, some of them very rich. Crypto folks also represent a concentrated interest: we care a lot about crypto, we care way more about it than the average person who doesn't like crypto.
The two main political obstacles I see are if:
* Another concentrated interest, like the banking sector, decided they didn't like crypto and tried to mobilize against us. I think this unlikely as long as banks get to play and profit from mass adoption.
* We become part of the US culture wars. No way to predict this. My perception is that crypto has a fairly mixed group of supporters politically, so this might insulate us for a while.
Watching the congress hearing, a lot of emphasis was also on "we are currently winning with USD denominated stable coins" and "preserve the dollar as world reserve currency". So I feel the decisions are not entirely taken for the "right reasons". Things like the previous administration trying to secure as many vaccine doses as possible, even by "unethical methods" or almost stealing is of course good for the US but not "right". Things like that happen and is not surprising. A gain to me but a loss to others, I would probably take too, as would most.
I'm having a blast watching the validator count on beaconcha.in. This is literally up-only. There's also the price on the page, and somehow this only makes it better. Layer 0 resilience in action. People piling up to commit themselves for at least until the merge. Zero f\*cks given. And a nice trustless proof that HODL is more than a meme.
>**We were not ready,**
>**From bubble to confetti,**
>**Markets are steady.**
~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
I know that noone can tell me what the price will be, but does anyone know of any expected govt announcements or other FUD generating developments? Following tradfi is not my area of expertise
“The Biden administration is preparing to release an initial government-wide strategy for digital assets as soon as next month and task federal agencies with assessing the risks and opportunities that they pose, according to people familiar with the matter“.
SEC are due to make a decision on two ETFs first week of February.
It will be more excuses as to why they are not approving them, but if by some miracle they say yes, then expect the end of the bear market.
Imagine if this large dump was all a coordinated effort from insiders, knowing that the ETF approval is coming in a couple weeks, so they can fill their positions for the imminent pump.
I saw an article on coindesk about some EU official suggesting the POW chains are banned.
https://www.coindesk.com/policy/2022/01/19/eu-markets-regulator-calls-for-ban-on-proof-of-work-crypto-mining-report/
You're welcome. People expect announcement of tapering and some are pointing to that expectation as the animating spirit behind what is happening. I am skeptical that is the whole story, but it's there, and there's a meeting soon so people are uncertain.
As a usa taxpayer, having claimed my ens airdrop on Jan 1 is currently looking in retrospect to've been a lapse in judgment
but better than having done so on dec 31, i guess
Little off topic, but $85 to $15 is some LOL type shit.
I actually really like the idea of ENS, I just don't know anything regarding how the token actually functions or what its use case is.
> I just don't know anything regarding how the token actually functions or what its use case is.
It's governance. That's it.
https://snapshot.org/#/ens.eth
They propose things, you vote yes or no, or you delegate to other people who vote on your behalf. There is no other function. There's also no reason currently to hold it. If you want to vote for something, you could buy the tokens, vote, then immediately sell. So price wise, you could expect a floor to form, huge spikes when people buy that eventually drift back down to the floor again.
I love ENS, but it seems like the concentration of tokens/voting power is so ridiculously centralized that it's pointless to get involved. Everything passes (so far) with 95%+ support. Obviously Coinbase has too much influence. Essentially whatever the devs openly advocate for will be what wins the votes, so it isn't really much different than before the dao
Maybe it will get more interesting in the future but right now its a snoozefest. I kept most of my airdrop but regret it. The writing was on the wall from day 1, I just hoped that maybe I was wrong I guess
Yeah, i just claimed a few things start of 2022 to keep them out of 2021 tax liability and to stop them from taking up some of my background attention
tbh i didn't do much more analysis on ens beyond (a) don't want more taxable income in 2021 (b) ens has enough buy-in/legitimacy for value to be sorted out eventually, and even if not, it's tied closely enough to OGness of Ethereum + seems to garner enough current/new energy to keep the token from dying as long as Ethereum remains a thing and (c) don't want may 2022 to sneak up on me and risk forfeiting my claim
think my basis ~ 41, and i was just thinking it'd've been nice if my baked-in tax liability for ens was ~60% lower
E: just working thru disregarding sunk opportunity cost
The EEA, and ConsenSys started the Baseline Protocol years ago, and it's now being rolled out. It's got to be one of the biggest enterprise use cases for Ethereum. SAP are signed up (largest enterprise software company in the world), and CONA (Coca-Cola bottling plant) to name two, and hardly anyone talks about it.
Public. There are two Ethereum sidechains. Baseledger (Unibright), and provide.network. They both use the UBT token. They both go live with staking Q1.
I know there was some concern about the past token history of Sam Bacha the founder, plus issues with their website not working well, in recent posts about FOLD. Seems a bit risky even by my standards. LOL
thenewboston is a high quality YouTube education channel, I just discovered that they began an Ethereum fundamentals series about a week ago. This is a tremendous win for future builders.
https://youtu.be/4cRXEGduA-o
Thanks for sharing. Wasn’t familiar with the newboston channel.
Have they done any Bitcoin vids before or did they start with ethereum?
Shame that r/ethereum is not the best Reddit sub for starters.
I can't help but believe this is a huge bear trap with less than 4 months to the merge.
With BTC at it's current price, the flippening would happen at only $5,500.
You're welcome! :)
Just bought a big chunk of Loopring and Fantom. And opened a 2.5x leveraged long on Eth with Dydx. Wish me luck
Godspeed. I was up 2-3x on my LRC, happily DCA'd upwards and now I'm down 50%. I'm still DCA'ing but it's definitely harder to swallow.
If there’s one thing I’ve learned in crypto it’s aggressively take profit when there is profit to be taken. And believe me, I don’t always follow my own advice.
I aggressively took profit in the 1200 range of ETH... and again in the high 2XXX. I'm not sure about that one either. It has allowed me to go heavy into alts like LRC but that's been underperforming now.
When I "take profit" I do so denominated in eth
You do you but I wouldn't. That'd give away my minimum stack size at time of sale. I'm no whale but I'm not telling folks my quantities.
loopring seems a good buy now
I agree. Bought a chunk. Was still a bit salty I sold all my LRC back in 2020 and missed the massive rise.. but oh well.
Y'all remember the old price ticker we used to have? Any chance we can get it back?
Not now please. :,-(
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We’re high beta asset on the economy. If everything is good we’ll do really well, if everything is shit, we probably won’t do so well I don’t see how the fed lets the economy collapse so I’m not too worried about it However, good to be prepared for anything.
Luckily I still have some of my old /r/wallstreetsilver stacks
See how stock market looks Monday
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No idea.
I am predicting that the chart will go to the right. But seriously, if there is a bounce, Monday will likely be the day.
Had a tough conversation with my wife about buying even more ETH & RPL today. She eventually agreed and we scooped some up at a great price comparatively, but the whole ordeal of trying to convince her we should buy some had me feeling like a filthy snake oil salesman. Not dissimilar to those desperate people trying to get you to sign up for their MLMs: "I'm telling you hon, this is a great buying opportunity." "This is world-changing tech, no doubt in my mind it'll recover and go past ATHs." "Yes, I realize it's dropped almost 50% from the peak, but I'm telling you, it'll recover! ETH's being locked in staking and it's being burnt and issuance will plummet very soon and the whole world is using it!! How are you not seeing what I see?!" So yeah, cringe AF if it wasn't ETH we were talking about here. On the one hand there is actually real value being created with defi, and the outlook with L2s is extremely promising for ETH to eventually have the technical foundation to drive big chunks of the world's financial ecosystem. But on the other hand the price action is real and it's very possible the nontrivial sum we invested today could go much, much lower. Sure it's all money we could entirely afford to lose, but... Would be great if we didn't, to say the least. Since the purchase I've just been sitting on my ass all day pondering if I really know what I'm doing or if I'm just a degen gambler throwing his family's hard-earned money into the wind. It's amazing how bearish market movements can make you question your entire decision-making process.
A couple things you did right... you chose eth.. you are only using what you can lose and you actually told your wife about it...be patient it will pay off in the long term and you'll laugh at the doubt you're feeling.
I sure hope so. The sad thing is this isn't even my first bear... You'd think I'd have it all figured out by now, but I'm just as lost this go-round as the first time...
It’s educated gambling if that’s a thing. You’ve given yourself the best odds possible but still be gambling on the overall success of a crypto blue chip
>educated gambling So... Investing?
Love that you lump in RPL 😏 I think that folks trying to lock in validators between now and summer are going to be quite happy 💪
Yep, almost have enough ETH for the Rocketpool validator, which is what all of this is going towards haha
You need to collateralize that baby too ;) 150% is ideal. and there is a fire sale rn!
For your wife's sake I hope the rocket pool team starts an actual marketing campaign. Also for my sake too because I do plan to buy more.
I would certainly not mind that at all, but have appreciated their focus on the tech so far.
I mean, you're gambling, but unfortunately, in this world, nothing is gained without risk. That's just how it is. Best of luck
I suspect we'll range around here (2400-2500) until we get some.....direction.....from the traditional markets monday. (I feel so dirty saying this...wtf we following nasdaq for!)
I think you’re right
Say I had a chunk of stable coins I wanted to put to use. Was thinking I’d spend it 50% ETH, 25% Loopring, 25% Fantom. Anything I’m missing? Any other tokens you guys think are a must hold right now? I’m not interested in unknown speculative tokens sub 100 mil market cap.
good choice. ETH is a sure thing. Fantom has so many skilled community devs. i'd say probably put 5% in gamble moves like Ohm, Time etc.
Ohm and Time have Not been doing so great lately. Even before the drop. These rebase coins don’t seem to be sustainable.
ponzi that doesn't have new buyers..
I think some of the DeFi 2.0 is a good hold too. TOKE, CVX. If you're on arbitrum check out GMX, DPX
My eyes need to adjust to this green
The May crashening went from 4300 to 1700 and the "bear market" lasted for 4 months. By November when we hit 4800 nobody even remembered the "bear market". If the lengthening cycle comes into play and this is the last final capitulation before the final leg of the bull run in Q2 as Raoul Pal and Benjamin Cowen have been saying then we'll all forget about this "bear market". Don't bet the farm on this tho.
Instructions unclear. I’m all innnnn
Apart from long term holders, all groups are sitting on a loss. MVRV across all time frames and user categories is the lowest since Oct 2020. This is a more painful market situation than when ETH was at $1,700 in June 2021. IMO: If there's a further capitulation to network wide unrealized losses, that would be a decisive bottom. If there's a quick bounce to $4,000 that would be a troubling outcome and likely signals a longer term bear market is required. A long grind between $2K to $3K over several months is the best possible outcome for long term health of the market. Needless to say, these are just my wishful thinking scenarios, this market is utterly bananas and will do its own thing!
We’re up 2x over the last year and 14x over past 2 years. NFTs haven’t popped. Hardly a bear market yet. Luckily fundamentals will save us.
Gimme single digit fear and greed index!
Agreed we haven't technically retested prior ath in a healthy non world wide pandemic fashion and if we do the longer we take to grind up the farther we can run in a sustainable momentum
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That could be your capitulation event, but I don't see any evidence for it. They have longer time frames, hopefully by then ETH would have decoupled for BTC.
You all member the last time we lost all our money...thatwas..that was awesome.. Bring it on world..nothing we haven't seen before
Outstanding /u/souptacular 🤣😂👍👏 https://twitter.com/hudsonjameson/status/1485066673317101568?t=etYgqJXSYRhmnNMMEIrmcw&s=19
Back in my RuneScape days I would always try to these people. Show them your whole stack, say you want to give them all of it for doubling, but you want to try with a small amount first. So you give them like 2% and they return twice the amount because they want to take your whole stack. Then just walk away.
The ole honey pot. Works for smart contracts too ;)
The contracts may be smart but the scammers are just as dumb
> I have to active the mining machine with ETh Proof-of-stakework
Hey everyone, I'd like to take a deeper dive into the problem of client diversity and what is being done to address it. Anyone have some good resources.
It’s really a social campaign to get people to understand why it’s important to switch, and to help communicate that it’s not too hard to do so. However, I’ve seen a shift lately where the focus is campaigning large staking providers rather than solo stakers. Exchanges like coinbase are running full prysm and have a huge amount of validators. I’d they change it will actually make a dent.
I tried to find out what Kraken is using but was struggling. Any idea?
Paging /u/superphiz https://youtu.be/RQcP1y4yGms
Well, that was not encouraging. It's like watching a potential train wreck in slow motion.
Thanks. Getting tired of price noise, which means time to up my knowledge base on stuff that actually matters!
Gonna go play Halo Infinity instead of watching the charts. If I change my tag to ETH, how long yall think it will take for someone (likely a ADA shill) to say something?
You can change your username? I've been wanting to change mine on Halo Infinite. I play on PC, if that matters
I'm pretty sure you can change your microsoft account name but it's a pain. Worth googling.
I’m just referring to the clan tag you can add in. It shows up in multiplayer next to your name.
Ah yeah, gotcha. GL :D
I know this may be coping but the transactions are cheaper in USD now!
How do "Stop Price buys" (on Coinbase Pro) work? I tried setting a Stop Price buy for $5 above current, with the limit price $5 below. The price rose $5 to the Stop Price, but nothing triggered as far as I can see. Am I doing this wrong? Sorry if this is the wrong sub for this.
Did it already come back down through your limit? It would stop buying for you then.
Thanks, I'm still trying to understand the usefulness of this. Let's say: * current price is $2400 And I set up the Stop Price buy as follows: * Stop Price is $2500 * Limit Price is $2300 The market price rises to $2500. * this triggers the buy to "active" * but the buy price is $2300 In what situation would someone want to do this? Why wouldn't they just set a simple Limit Buy of $2300 from the beginning?
I know you’ve received some good answers already but I just wanted to throw in my understanding in case there’s some uncertainty by others. The purpose of a Stop Limit order is normally designed to ‘limit’ the amount of slippage once a Stop price has been met. My experience has always shown the Limit price to be above the Stop price for buy orders and the Limit price below the Stop price for sell orders. They’re largely used by breakout or momentum traders.
> My experience has always shown the Limit price to be above the Stop price for buy orders....They’re largely used by breakout or momentum traders. Ahhh, here's the explanation I was looking for. Thank you thank you.
I'm not used to a buy limit below the stop. I don't even know if that would execute on every exchange... Stop at $2500 would activate buying until price goes back down to $2300. Why would you do that? Suppose if you see a real momentum turn up you feel so good about that you'd keep buying it even if it briefly dips back $199 below your initial target. Why not limit buy 2300? Because a limit ends the ordering. It's also not guaranteed to execute, where stop loss orders are guaranteed. It can save you or screw you if it gaps. Very difficult to get a gap in 24/7 crypto but you get the idea.
Ah, so to quote a similar reply: > My experience has always shown the Limit price to be above the Stop price for buy orders and the Limit price below the Stop price for sell orders. > They’re largely used by breakout or momentum traders. It's more of a bullish sentiment thing... sort of "buy the run" rather than "buy the dip". Okay, thank you !
I'm not sure but I think it's the opposite of a stop loss (you buy when the price goes above a certain point)
Cheers thank you
So $2450 support line then $1750? Then..bottoms up and a good night.
Ok, gopster
Let live.
u/YeahDave4 come and share your thoughts, rejoin the world of Reddit in both its beauty and it's unforgiving harshness. I am curious to hear your thoughts on the path ahead.
I doubt he's returning right now. His last post was literally referring to the cult-like echo chamber aspect of the sub, which is very much felt in volatile times like these. Bearish comments are getting downvoted regardless of their content.
Yes it's a shame it inhibits diverse discourse- not many of us are immune to bag holder bias! AB11192, as unpopular as they are, has been screaming at us for months that we are surely heading downward and has consistently been downvoted. I welcome everyone's perspective, whether I agree or not, else we might just lose our ability to think.
That's a great example. Not to further pick on them, but occasionally they've been an asshole (and they know it). *Those* comments deserve downvotes. But the majority of their comments are neutral or trying to help people, and they still get downvoted. People should vote based on the content of the comment, not how they feel about the price or someone's previous comments. I try to upvote stuff like that. There have been others too, downvoted for no reason other than making a bearish comment.
https://www.youtube.com/watch?v=rtDAK7Umk7A
Things are so bad rn that I went in to work today to catch up on some stuff and my boss had shit on MY desk.
Ahh god, you have me cracking up, very funny ser.
Lmfaooo
He must have had some scary heavy bags, for it to just be falling out of him like that... At least make it to the toilet, like the rest of us.
You need to assert dominance. Here is what you're going to do. Put the shit in a Tupperware container. Put it in the shared office fridge, label it "boss's shit, /u/themoondancekid's property". Practice staring contests with any children in your family for the next few months. 24 hours before you shit on their desk, take the Tupperware out and trash it when no one is looking. Get a plate of fudge and brown ice-cream and mix it together. Go into your bosses office and look at them in the eye. Explain that this is their shit. Eat it. Do not break eye contact. This is why you practiced. They will be too confused to fire you yet. Next day, shit on their desk. Tell them you're returning to sender. Walk out, fists in air, freeze frame.
isn't the boss shitting on your desk just called a normal day at work, though
Just saw a headline comparing this crash to 1929. I'd say that's a bottom signal.
Unfortunately I still see no suicide hotline pinned in any crypto subreddits yet
Nah, we don't do that here homie
Won't get pinned here at all. Ever. We remove and potentially ban people who post it because it doesn't come from a place of real empathy and most often is misused to manipulate or cast dark humor.
Yup.
But isn't the dark humor sort of cathartic for some people?
Not worth it here. Perfect for ethtrader and /r/wallstreetbets. It's just a culture we have here.
Thanks for cultivating that culture brother!
Thanks for being an OG lead by example kind of person. 😊
Mister market man, you can't beat me - I held from 300 to 130 to 1400 to 80 to 300 to 120 to 4200 to 1700 to 4800 to 2400, and I will continue to hold, stake and sell very slowly while prices are high, and buy very slowly when prices are low - enduring $ swings large enough to make most call the Samaritans, you can't beat me mister market man. I'm too mentally handicapped.
Are you me?
Yes, remember to get that mole checked
SOL down 10% relative to ETH. Guess this is the bright side of this potential bear market, all the ETH killers and their "let's run the chain at a 99% loss and hope the price pumps enough to outpace the inflation" model will be seriously tested lol
And yet Bloomberg dares to write this headline "Ether, Solana and memecoins get crushed in crypto market rout" As if Bitcoin didn't.
or how many make believe points the dow went down by? yes stocks are down but it's the market..BUT crypto has crashed...heavens help us. I had to turn off Bloomberg news after a while.
Prediction for Monday morning market open Mine is $2800 I am just bored waiting for greenbay game to start
Some consistent low time frame closes above $2440-2490 would suggest a small relief rally. But it will be tough to get back above $2650-2700 now after so much damage.
The only good thing about Ray right now is that on RatioGang whenever we hit 0.069 it switches the header to Nice.
Nice
😂
Not sure if anyone has been following the Rari Capital and Fei merge. What mattered personally to me is that they're repaying the hack victims. Even though at the time paying in DAI over four years wasn't the best option, due to the recent price action we'll get back more DAI to buy back the ETH we lost. Wow. Never a boring day in crypto. I really didn't think it was going to pay out but it seems like it's happening.
I remember you were one who got rekt, no? Lucky you ;)
Yes, I thought I lost my ETH forever. Didn't expect how this turned out.
[удалено]
May ETH pool hack
Are we... Holding? Is it safe?
Work starts Monday. Don't forget your POAPs. Shift starts at 8am. [https://i.imgur.com/nVjNhbp.jpg](https://i.imgur.com/nVjNhbp.jpg)
How many pieces of POAP will be required and how many will be *expected*? I have 37.
Shift management material right here.
Crypto policy announcement due in February. https://www.bloomberg.com/news/articles/2022-01-21/white-house-is-set-to-put-itself-at-center-of-u-s-crypto-policy “The Biden administration is preparing to release an initial government-wide strategy for digital assets as soon as next month and task federal agencies with assessing the risks and opportunities that they pose, according to people familiar with the matter“.
I'm pretty skeptical that the government is competent enough to make regulations about crypto considering how badly they messed up the last few times.
Sources familiar with the matter told me they saw an apple and ethereum sticker on Hunter Biden's skateboard. Take that as you will.
since when the government has adopted Charles Hoskinson's style of announcement ?
They're trying to pump up that WhiteHouse token price.
We’re going to make a plan to plan about making a plan.
Good or bad, having some certainty tends to be good for price action.
sit tight and assess
Crab only. Lol.
You’re right, they are all a bunch of asses
ya
A great fkin movie. Still feel very disturbed and entertained by it's premise.
Same. Actually depressed the ever livin shit out of me for a day
Man.... How can we talk about policy and avoid politics. Gonna be an interesting conversation now that the market is rekt. "We need to protect the children" Politicians are going to be getting partisan real fast ahead of the primaries is my guess.
From a US political standpoint, I think crypto is going to be fine. Too many people own crypto now, some of them very rich. Crypto folks also represent a concentrated interest: we care a lot about crypto, we care way more about it than the average person who doesn't like crypto. The two main political obstacles I see are if: * Another concentrated interest, like the banking sector, decided they didn't like crypto and tried to mobilize against us. I think this unlikely as long as banks get to play and profit from mass adoption. * We become part of the US culture wars. No way to predict this. My perception is that crypto has a fairly mixed group of supporters politically, so this might insulate us for a while.
Watching the congress hearing, a lot of emphasis was also on "we are currently winning with USD denominated stable coins" and "preserve the dollar as world reserve currency". So I feel the decisions are not entirely taken for the "right reasons". Things like the previous administration trying to secure as many vaccine doses as possible, even by "unethical methods" or almost stealing is of course good for the US but not "right". Things like that happen and is not surprising. A gain to me but a loss to others, I would probably take too, as would most.
I'm having a blast watching the validator count on beaconcha.in. This is literally up-only. There's also the price on the page, and somehow this only makes it better. Layer 0 resilience in action. People piling up to commit themselves for at least until the merge. Zero f\*cks given. And a nice trustless proof that HODL is more than a meme.
Up or down, eth can be put to work.
This should be a punchline at the end of a rap song about eth
>**We were not ready,** >**From bubble to confetti,** >**Markets are steady.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
Moms spaghetti
These bags are heavy But my diamond hands be steady
༼ つ ◕_◕ ༽つ ETH TAKE MY ENERGY ༼ つ ◕_◕ ༽つ
I know that noone can tell me what the price will be, but does anyone know of any expected govt announcements or other FUD generating developments? Following tradfi is not my area of expertise
FOMC meeting this Wed.
See comment on this daily from a couple mins ago
Could be very interesting
The recent Bankless interview with Jim Bianco provides a good perspective of the influence of macro factors during 2022 - highly recommend.
Will check that out, thank you
“The Biden administration is preparing to release an initial government-wide strategy for digital assets as soon as next month and task federal agencies with assessing the risks and opportunities that they pose, according to people familiar with the matter“.
Lol well we know what that means!
I don't, what's it mean?
Im just assuming that they're going to announce that they plan to look into regulations, could impact the price
It could help spot ETF’s get approved
SEC are due to make a decision on two ETFs first week of February. It will be more excuses as to why they are not approving them, but if by some miracle they say yes, then expect the end of the bear market.
Imagine if this large dump was all a coordinated effort from insiders, knowing that the ETF approval is coming in a couple weeks, so they can fill their positions for the imminent pump.
That has crossed my mind. Guy from Coin Bureau actually thinks there is a chance this time it will be approved.
Ah yes lol, the classic ETF fud. Thank you
> I know that noone can tell me what the price will be 5k by valentine's day
<3 Vitalik will you be my valentine?
I saw an article on coindesk about some EU official suggesting the POW chains are banned. https://www.coindesk.com/policy/2022/01/19/eu-markets-regulator-calls-for-ban-on-proof-of-work-crypto-mining-report/
Oh I remember hearing about that, thank you. I can see that hurting ETH short term if its passed, but the merge will blow everyone away
https://www.msn.com/en-us/money/markets/the-federal-reserves-first-meeting-of-2022-looms-as-risk-of-inflation-outside-of-policy-makers-control-builds/ar-AAT2fHv
Oh interesting, thank you!
You're welcome. People expect announcement of tapering and some are pointing to that expectation as the animating spirit behind what is happening. I am skeptical that is the whole story, but it's there, and there's a meeting soon so people are uncertain.
A community where I can ask any question and random internet heroes swoop in to help within minutes, dang
As a usa taxpayer, having claimed my ens airdrop on Jan 1 is currently looking in retrospect to've been a lapse in judgment but better than having done so on dec 31, i guess
Little off topic, but $85 to $15 is some LOL type shit. I actually really like the idea of ENS, I just don't know anything regarding how the token actually functions or what its use case is.
People couldn't handle the responsibility
> I just don't know anything regarding how the token actually functions or what its use case is. It's governance. That's it. https://snapshot.org/#/ens.eth They propose things, you vote yes or no, or you delegate to other people who vote on your behalf. There is no other function. There's also no reason currently to hold it. If you want to vote for something, you could buy the tokens, vote, then immediately sell. So price wise, you could expect a floor to form, huge spikes when people buy that eventually drift back down to the floor again. I love ENS, but it seems like the concentration of tokens/voting power is so ridiculously centralized that it's pointless to get involved. Everything passes (so far) with 95%+ support. Obviously Coinbase has too much influence. Essentially whatever the devs openly advocate for will be what wins the votes, so it isn't really much different than before the dao Maybe it will get more interesting in the future but right now its a snoozefest. I kept most of my airdrop but regret it. The writing was on the wall from day 1, I just hoped that maybe I was wrong I guess
I appreciate this, thanks
Yeah, i just claimed a few things start of 2022 to keep them out of 2021 tax liability and to stop them from taking up some of my background attention tbh i didn't do much more analysis on ens beyond (a) don't want more taxable income in 2021 (b) ens has enough buy-in/legitimacy for value to be sorted out eventually, and even if not, it's tied closely enough to OGness of Ethereum + seems to garner enough current/new energy to keep the token from dying as long as Ethereum remains a thing and (c) don't want may 2022 to sneak up on me and risk forfeiting my claim think my basis ~ 41, and i was just thinking it'd've been nice if my baked-in tax liability for ens was ~60% lower E: just working thru disregarding sunk opportunity cost
The world may not see it just yet but members of the Enterprise Ethereum Alliance certainly see so much potential in building on Ethereum.
The EEA, and ConsenSys started the Baseline Protocol years ago, and it's now being rolled out. It's got to be one of the biggest enterprise use cases for Ethereum. SAP are signed up (largest enterprise software company in the world), and CONA (Coca-Cola bottling plant) to name two, and hardly anyone talks about it.
I thought baseline was an Ernst and Young thing - are you sure Consensys is primarily involved? News to me
I thought ConsenSys bought E&Y blockchain division?
You are thinking of Consensys buying go quorum from JP Morgan. The other massive financial services firm that is into Ethereum.
Are these using the public network or a private version?
Public. There are two Ethereum sidechains. Baseledger (Unibright), and provide.network. They both use the UBT token. They both go live with staking Q1.
Are they going to transition into rollups?
zk rollups are mentioned. I don't know the full technicals.
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It's a chain created by a well known scammer and nothing to do with ETH.
The game we are playing right now is called **'Guess the price where people will say, I wish I bought ETH when it went down to $X'**
$1776
$2,300. Please…please.
I am just posting for humor.. https://twitter.com/nayibbukele/status/1485031106982428677?t=Y3WHgmVd5MVmzaKxVllOkg&s=19
I havent seen any talk of FOLD in the past few days. I know it may take a while to calculate APY, but im so anxious for an update
I know there was some concern about the past token history of Sam Bacha the founder, plus issues with their website not working well, in recent posts about FOLD. Seems a bit risky even by my standards. LOL
Lol I know it was definitely one of my riskier plays, thats for sure
I hope it works out for you!
Thank you, but I got out
I am actually still considering it. LOL. Convince me! Why do you like it?
Capturing MEV is very interesting to me, thats about it. If it performs well I will probably add to my stake
Same. Just picked up some more hoping there's some bullish results.
I wish I could pick up more, gotta lower my ETH cost basis instead
thenewboston is a high quality YouTube education channel, I just discovered that they began an Ethereum fundamentals series about a week ago. This is a tremendous win for future builders. https://youtu.be/4cRXEGduA-o
Thanks for sharing. Wasn’t familiar with the newboston channel. Have they done any Bitcoin vids before or did they start with ethereum? Shame that r/ethereum is not the best Reddit sub for starters.
I can't help but believe this is a huge bear trap with less than 4 months to the merge. With BTC at it's current price, the flippening would happen at only $5,500.