Cryptocurrency mega-thread

[BACCS]

I find most TG groups much the same. Same different types of people with the same types of questions. It's magnified in Shitcoins and any negative comment regarding price action is FUD, and every coin is going to the moon.. Every dip is a time to buy, HODL HODL DDL. I got banned from the Jade one for simply saying, 'Down 11% in the last hour'. That's it!

There is some decent chat in the MC one and one of the co-founders posts in it at least every couple of days. They acknowledge that the Binance Launchpool didn't go off as expected and was a learning lesson for them, but they made the deal with Binance when their valuation was 32M, not 300M. Any company isn't going to nail it 100% of the time, especially this early, but acknowledging the mistake is massive and a very positive sign for me. A Binance listing in the long run is bullish though due to sheer volume and exposure, but it may take a month or two to shake off the FUD (quicker if the overall market quickly turns super bullish again).

This seems like some positive news:

 

[BACCS]

ETH is a monster CHAD right now, 5k incoming soon I reckon!

 

[Bostonian]

Without even knowing it my portfolio has morphed into 80% a mirror of Coin Bureau's.

I hope he's good at crypto or we're both ****ed.

 

[Shupe]

Without even knowing it my portfolio has morphed into 80% a mirror of Coin Bureau's.

I hope he's good at crypto or we're both f’ed.

I like that he posts his portfolio. He's only invested in high quality well researched projects and plays the long term HODL. Doesn't care exactly when he buys in because of that.

 

[Shupe]

There is nothing dogshit about this project (since I posted the above it got a Binance listing). I see this project like you see LUNA, this is absolutely a long term play.

Where are you getting 540%?

Also paying gas each time to claim rewards? That's rough.

Obviously I'm asking now because it has dumped. I don't buy peaks

 

[Jimi]

Staking rewards and locking rewards for 12 months after claiming also prevents any early dumps.

How do the LP rewards work? I staked the LP for a fixed term. Are rewards released at the end of that period? Is there anyway to track it ongoing?

 

[Bostonian]

I like that he posts his portfolio. He's only invested in high quality well researched projects and plays the long term HODL. Doesn't care exactly when he buys in because of that.

Certainly makes investing in crypto for a N00b rather simple to do if you just follow what he has and then just do nothing until the dips or when he changes a coin out for another.

 

[BACCS]

Where are you getting 540%?

Also paying gas each time to claim rewards? That's rough.

Obviously I'm asking now because it has dumped. I don't buy peaks

The flexible term on Uni when I first started staking was 540%, has dropped to about 370% today (the fixed terms are still above 500%). I am just planning to claim rewards monthly due to the gas fees, and then they are locked for 12 months after claiming (vesting period) before you can move them into your own wallet and sell/keep.

This is definitely the best time to get in, $5 is strong support.

 

[BACCS]

How do the LP rewards work? I staked the LP for a fixed term. Are rewards released at the end of that period? Is there anyway to track it ongoing?

Rewards are released daily and should show up on the Merit Circle staking page at the daily close. Once you claim them, they are then locked for 12 months before you can move into your own wallet.

 

[Jimi]

Rewards are released daily and should show up on the Merit Circle staking page at the daily close. Once you claim them, they are then locked for 12 months before you can move into your own wallet.

Thanks. It seems that rewards have been delayed today for some reason

 

[BACCS]

Thanks. It seems that rewards have been delayed today for some reason

Yeah the devs explained that there will be a delay today, but they will still come through at the amount it should've been at the time of rewards.

 

[Shupe]

The flexible term on Uni when I first started staking was 540%, has dropped to about 370% today (the fixed terms are still above 500%). I am just planning to claim rewards monthly due to the gas fees, and then they are locked for 12 months after claiming (vesting period) before you can move them into your own wallet and sell/keep.

This is definitely the best time to get in, $5 is strong support.

So ETH/MC has the higher rate, yes?

Does this mean I stake ETH or MC? Or must I stake both? I haven't done any staking through Uniswap before.

 

[Gigantic]

What's the downsides to staking on Binance Launchpool? I presume Binance staking would have much lower fees? Is there still a vesting period through Binance?

 

[BACCS]

So ETH/MC has the higher rate, yes?

Does this mean I stake ETH or MC? Or must I stake both? I haven't done any staking through Uniswap before.

It does. It means you need to supply an equal amount (valued against USD) of ETH and MC into the LP, so yes you need both.

 

[BACCS]

What's the downsides to staking on Binance Launchpool? I presume Binance staking would have much lower fees? Is there still a vesting period through Binance?

Lower fees but that APY is decreasing at a rate of knots as more stake. It also only runs for 60 days.

 

[Gigantic]

Lower fees but that APY is decreasing at a rate of knots as more stake. It also only runs for 60 days.

Do you know if there's an APY calculator out there for MC?

 

[Shupe]

It does. It means you need to supply an equal amount (valued against USD) of ETH and MC into the LP, so yes you need both.

Ok thanks.

I shall look into it all.

 

[Pancakes]

Evergrande officially defaulted.
Wonder if this will spook some buyers and we will get another dump tonight.

 

[Gigantic]

 

[BACCS]

Do you know if there's an APY calculator out there for MC?

Not that I know of, the pool on Binance has only ran for a week and has dropped from 450% to below 150% in that time. You can claim every hour and restake, which continually dilutes the pool and reduces APY.

 

[BACCS]

Evergrande officially defaulted.
Wonder if this will spook some buyers and we will get another dump tonight.

Hopefully not, this news has been known all week. It seems to be the catalyst for that dump on Saturday during Asian trading hours. US markets didn’t react too poorly to the news over the weekend either. CPI data for November comes out tomorrow in the US, that’s the most important news for financial markets this week. If inflation is higher than expected, another dump is coming.

 

[Freak Dodgeball Accident]

That's what I like to see

 

[The Dice Man]

That's what I like to see

View attachment 1294972

Ha just came to post the exact same thing. 78% up in 10 minutes.

 

[Freak Dodgeball Accident]

Ha just came to post the exact same thing. 78% up in 10 minutes.

Yeah crazy! I'm working night shift at the moment, so as usual I check it a couple of times during the night. Thought it might have been a glitch or something. Nothing on twitter at all, wonder who snapped them up. Was some pretty decent buying.

 

[The Dice Man]

Yeah crazy! I'm working night shift at the moment, so as usual I check it a couple of times during the night. Thought it might have been a glitch or something. Nothing on twitter at all, wonder who snapped them up. Was some pretty decent buying.

Almost doubled the MC.. Someone must know something's coming.