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Cryptocurrency mega-thread

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Sorry legends - another noob question:
  • I have 1 SOL coin purchased with Swyftx
  • My strategy is to HODL that coin (at a minimum) until I need the money for "something" or "retirement", whichever happens first.
  • I got an email from Swyftx advertising that they now support Staking for certain coins, SOL being one.
  • The TL;DR informs me that if I stake my coin for network usage, I will receive a daily pittance (0.00015 SOL).
Given my use-case above - this seems to be a no brainer for me? Risk is just decreasing value of the currency and not being able to trade staked coins (until you unstake). Which I just planned to ride out anyway.

Am I reading this right?

Anyone else doing this? (I assume yes, but am soliciting for anecdotes)

(Also - whenever I see SOL, I always think of it as Solenya rather than Solana. And that amuses me.)
 
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Dont At Me said:
Sorry legends - another noob question:
  • I have 1 SOL coin purchased with Swyftx
  • My strategy is to HODL that coin (at a minimum) until I need the money for "something" or "retirement", whichever happens first.
  • I got an email from Swyftx advertising that they now support Staking for certain coins, SOL being one.
  • The TL;DR informs me that if I stake my coin for network usage, I will receive a daily pittance (0.00015 SOL).
Given my use-case above - this seems to be a no brainer for me? Risk is just decreasing value of the currency and not being able to trade staked coins (until you unstake). Which I just planned to ride out anyway.

Am I reading this right?

Anyone else doing this? (I assume yes, but am soliciting for anecdotes)

(Also - whenever I see SOL, I always think of it as Solenya rather than Solana. And that amuses me.)
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I have just looked at and started to do staking with the holdings I can. The only issue is timing if you want a quick sale, which doesn't appear to be the case for you. I've staked my SOL too.
 
bzparkes said:
If anyone's bought My shiba Academia, it's migrating to V2. Please check the snap shot to ensure your wallet is in there, if so you are free to sell (don't stress the chart..)
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So if our wallet is listed, we can dump the now largely worthless tokens and wait for the new V2 ones to be dropped in?
 

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owen87 said:
What's the next PIT now.... I've made my > 10x returns on PIT and OPCAT which covers me for the shitshow that is SANTA coin.

Bizarrely, it seems like everyone but the dev wants SANTA to work, he's just too dumb to take the help. If he took it, that coin would explode.
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BACCS said:
Damn, that's frustrating. It was getting some decent hype a couple of weeks back too. Surely the tanking price will help to persuade the dev?
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A bunch of the guys on the Santa discord looked into some of the transactions over the last few days and got sus. They then held an AMA yesterday and revealed that information which led to the sell off. I sold off the rest of my holdings within 20 secs on them opening their mouth bc I knew they only had bad news to deliver, so fortunately right before the sell off started.

Long story short - one of the transactions that the Santa dev claimed was a burn wasn't actually a burn but swapped them for another meme shitcoin. And $350k was transferred out of the marketing wallet without any justification or explanation.

Here's the long version on Reddit
 
Hi. Anyone who got rugged with PulseFloki. They are doing an airdrop now with pulseBomber.
Just go on the pulsefloki telegram.
 
Gigantic said:
A bunch of the guys on the Santa discord looked into some of the transactions over the last few days and got sus. They then held an AMA yesterday and revealed that information which led to the sell off. I sold off the rest of my holdings within 20 secs on them opening their mouth bc I knew they only had bad news to deliver, so fortunately right before the sell off started.

Long story short - one of the transactions that the Santa dev claimed was a burn wasn't actually a burn but swapped them for another meme shitcoin. And $350k was transferred out of the marketing wallet without any justification or explanation.

Here's the long version on Reddit
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Ah damn, that's a shame. My initial 100 bucks is only worth 20 bucks now, I'll just let it ride and see what happens. Showing some signs of recovery today.
 
Chris25 said:
So if our wallet is listed, we can dump the now largely worthless tokens and wait for the new V2 ones to be dropped in?
Click to expand...
Yes, this is correct. You'll also be whitelisted for the v2 presale in case you want to buy more. There's a recording of the AMA on the telegram, it's an hour and 40 minutes long if you care to listen. I haven't yet as I'm at work.
 
Gigantic said:
Are you going to load up on it?
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I've got a decent amount in my Spot Grid trading bot on Kucoin. Once it starts trending I think this bot has strong potential for decent profits. In that short impulse pump after the dump earlier today, my grid profits did about a 3x. It's the floating PNL that's keeping my total profits down, but that will turn when the market does; my overall losses have been reduced because the grid profits have gone up since this morning and the floating PNL has remained largely the same.
 
The Dice Man said:
We gonna bounce at 59/60k or lower? Very very close to making a lower low from Nov 6 on the 4H.
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60k has been extremely strong support for over a month now, if it dips below I can't see it being by much or for long. There is enough data showing that most whales are aggressively buying in this price range since the crash, while Binance whales are shorting (this is apparently a good thing, Binance whales don't have the best history of leverage trading and tend to long into strong resistance or short into strong support).
 

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BACCS said:
60k has been extremely strong support for over a month now, if it dips below I can't see it being by much or for long. There is enough data showing that most whales are aggressively buying in this price range since the crash, while Binance whales are shorting (this is apparently a good thing, Binance whales don't have the best history of leverage trading and tend to long into strong resistance or short into strong support).
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I think we'll bounce. Apparently whales are loading up OTC so not to push the price up at the moment.
 
Spazz Cat said:
I think we'll bounce. Apparently whales are loading up OTC so not to push the price up at the moment.
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Yep, not surprising. This is like the 5th or 6th leverage flush since BTC cracked a new ATH, nothing to worry about. All data points towards whales still being bullish, this short term price manipulation is just that, short term. Still think price is above 80k by end of the year, ETH in the 6-8k range.
 
More of this happening now... 58k BTC and 4-4.1k ETH tests incoming I reckon, this flush aint done yet


 
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BACCS said:
Yep, not surprising. This is like the 5th or 6th leverage flush since BTC cracked a new ATH, nothing to worry about. All data points towards whales still being bullish, this short term price manipulation is just that, short term. Still think price is above 80k by end of the year, ETH in the 6-8k range.
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That's what I think too. The leverage flushes just haven't shaken enough out. Hopefully this one will.
I'd love to see 100k but it doesn't seem likely know to me. I also think above 80.
 

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Pancakes said:
I wanna stake my ADA through the ******* heart.
campaigner of a thing, should be set alight and dropped into a pool of Ethanol.
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I feel sorry for ADA! Any time it starts to get some bullish momentum the market starts to nuke :(
 
BIRDBRAIN said:
These dips inbetween small ATH increases are a good thing, bull market can continue this way.
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20-30% shakeouts as the peak approaches are not uncommon in bull markets. There are just too many that continually don't learn their lesson with leverage and get flushed out in scenarios like this. DOT below 40 bucks again, didn't think I would see that for a while, especially after the parachain launch.

Loading up on some more KDA tonight, just seeing where this latest flush takes us first.

Does anyone else find it funny how numb the crypto market makes you to price swings that impact your portfolio by 10-20%? Or is that just me? Since I entered the market, I would've seen at least 30 of these flushes, probably more. Prices always recover within a few days.
 

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