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Cryptocurrency mega-thread

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BACCS said:
Meanwhile, my Edenhorde NFTs have done a 10x in 2 days :D, saving my portfolio right now
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Most of the traders I know moved to the NFT scene early on and I rarely see any other crypto charts from those ones. They were early on BAYC too and made a killing.

I'm late to the party, but have been convinced about NFT's.
 

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Evolved1 said:
Most of the traders I know moved to the NFT scene early on and I rarely see any other crypto charts from those ones. They were early on BAYC too and made a killing.

I'm late to the party, but have been convinced about NFT's.
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I have been hesistant with NFTs as well, but Edenhorde got me hooked and I'm barely looking at other crypto stuff atm. Have a look at my post in the NFT thread about Edenhorde and take a look at their collection; they're breaking all sorts of NFT records (trading volume already top 300 of all time!), the art is very good and the storyline comes out Feb 28. The floor price is showing very good signs of following a similar trend to Azuki.

Are you interested to get in?
 
BACCS said:
I have been hesistant with NFTs as well, but Edenhorde got me hooked and I'm barely looking at other crypto stuff atm. Have a look at my post in the NFT thread about Edenhorde and take a look at their collection; they're breaking all sorts of NFT records (trading volume already top 300 of all time!), the art is very good and the storyline comes out Feb 28. The floor price is showing very good signs of following a similar trend to Azuki.

Are you interested to get in?
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Yeah. Please share some more.

The two things that sold me on NFT's are:
1) Worthless shitcoins like doge and shiba valuations in the billions, so why shouldn't art that people can own have the same marketcap.
2) NFT's can be charted by TA
 
Evolved1 said:
Yeah. Please share some more.

The two things that sold me on NFT's are:
1) Worthless shitcoins like doge and shiba valuations in the billions, so why shouldn't art that people can own have the same marketcap.
2) NFT's can be charted by TA
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See my post above mate and also in the NFT thread. Traitsniper and Raritysniffer are the best places to check how rare your NFT traits are based on the metadata (these rankings will change when the team release their own rankings, but are a decent guide to assess what you are buying before then). Parsec is a good place to chart NFTs (but is a bit costly after the free trial), Gem and Compass are better websites for getting the latest floor and activity (they take data from Opensea, but Opensea itself can be glitchy and slow).
 
These charts show the similarities in floor price with Azuki:



What I also love about NFTs is that their floor price doesn't give a shit about the wider crypto/macro markets because many owners are in them for the utility and games. They just do their own thing and run in their own cycles.

This is the EH whale's Twitter profile:

https://twitter.com/Galaktic_Shaman?s=20&t=O8sCVKfjy2a9k8jZgLV4uQ
 
Two weeks ago I invested in YoFarm, which is the native crypto currency on Yobit. By providing liquidity it has been paying me about 1-2% daily, which is over 365% APY and is nice income. Yobit has been around since 2014. What are you thoughts? It is currently at a low, down 40% from its high, so there might be upside on the coin itself.
 

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Markod said:
Two weeks ago I invested in YoFarm, which is the native crypto currency on Yobit. By providing liquidity it has been paying me about 1-2% daily, which is over 365% APY and is nice income. Yobit has been around since 2014. What are you thoughts? It is currently at a low, down 40% from its high, so there might be upside on the coin itself.
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Markod, I haven't looked deeply at YoFarm, but these farming operations are only as good as the number of people using them. If they become more popular, then the native token price will usually rise (general market sentiment excluded). There is more and more competition in this space everyday. You can always change some your returns in BUSD or BNB as a hedge.
I am in a similar situation with CAKE on PancakeSwap and, while I like the >60% APY, I have a concerns that I am earning more of a token that may not appreciate that much anymore.
 
Is this the week with Biden being Biden and war breaks out officially and the market absolutely tanks?
 
Also where’s bottom ya all think?

Steve the University guy says we going back down in to the buy zone 28k to 35k.

Potential tomorrow this crashes harder then we seen since covid crash.

Bitty only down 4% on the day makes me suss.


Bull run is more fun. What a shit 3 months. Also the last 14 months up high down low up high down low. Hard for the longs
 
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Cats2022 said:
Also where’s bottom ya all think?

Steve the University guy says we going back down in to the buy zone 28k to 35k.

Potential tomorrow this crashes harder then we seen since covid crash.

Bitty only down 4% on the day makes me suss.


Bull run is more fun. What a sh*t 3 months. Also the last 14 months up high down low up high down low. Hard for the longs
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38k is the last stand for the bulls. Lose that on the daily and I think we're in trouble, even though we'll get bounces along the way.

You can make money shorting on the way down too. There's thin air between $1 ADA and $0.50 ADA.
 
Evolved1 said:
38k is the last stand for the bulls. Lose that on the daily and I think we're in trouble, even though we'll get bounces along the way.

You can make money shorting on the way down too. There's thin air between $1 ADA and $0.50 ADA.
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People thought that a month ago too when we dropped down to about 33k and the calls of sub 30k came out again, took less than 3 weeks to recover to 45k. I don't see bulls or bears in command here, we are the mercy of the macro events going on in the Northern Hemisphere atm. The weekly open this morning was bullish, lost steam later in the arvo and then completely lost all gains once the US/Europe woke up. As Pentoshi has stated many times, trading this price action requires extreme skill and even the best traders are sitting on the sidelines waiting for more definitive movements.
 

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BACCS said:
People thought that a month ago too when we dropped down to about 33k and the calls of sub 30k came out again, took less than 3 weeks to recover to 45k. I don't see bulls or bears in command here, we are the mercy of the macro events going on in the Northern Hemisphere atm. The weekly open this morning was bullish, lost steam later in the arvo and then completely lost all gains once the US/Europe woke up. As Pentoshi has stated many times, trading this price action requires extreme skill and even the best traders are sitting on the sidelines waiting for more definitive movements.
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Pentoshi has been bearish since mid 40's.

Having a 50% pump in a bear market is normal for BTC. We had a 100% pump from 6k to 12k in the last bear market before further downside.

Experience tells me to be skeptical of early Monday moves in crypto. They're usually faded. The daily algos will turn short if we lose 38k on the daily. It's been a long time since we tested the 200 WMA.

If the algos hold green tomorrow, things will look different.
 

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