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Cryptocurrency mega-thread

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BACCS said:
100% will last 12 months. The project is backed by Digital Currency Group (I've listed a bit of their portfolio above), they are one of the major reasons why Solana has done so well (FTX links). It has major institutional backing, broke records on the Ethereum network during the initial public sale and has got a T1 exchange listing less than a month after launching. Oh, and Axie Infinity is currently their major gaming client. 5 minutes left on Gate io to buy before this goes bonkers.
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What's happening in 5 minutes?
 
The Dice Man said:
Yep.. I FOMOED right in. Hadn't even finished my first morning coffee. Earnings tells me $11 per day.. Which is just around 4%.
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Yeah ripper. I've got a really good feeling about where this one is going. It's pumping hard as hell even right now lmao. For reference it's based on TIME which has market cap of 1.7B and OHM market cap of ~$4B. The concept is proven.
 

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BIRDBRAIN said:
Yeah ripper. I've got a really good feeling about where this one is going. It's pumping hard as hell even right now lmao. For reference it's based on TIME which has market cap of 1.7B and OHM market cap of ~$4B. The concept is proven.
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Yeah I was looking into the other forks(if that's the correct term) last night and they all seem to be based, or a copy of TIME. As Jade was so young I thought why not. Maybe I should put more. :think: 5% a day is better than Im getting on anything sitting in exchanges.
 
The Dice Man said:
Yeah I was looking into the other forks(if that's the correct term) last night and they all seem to be based, or a copy of TIME. As Jade was so young I thought why not. Maybe I should put more. :think: 5% a day is better than Im getting on anything sitting in exchanges.
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Earning yield was the big game changer for me in crypto. You're not as reliant on price increase when you have coins pouring in while you sleep. I'm in that many stupid yield farms/projects now I can hardly keep track of them. Hoping to get up to 2K AU per day if this bull run keeps going. What a fun hobby this is LMAO.
 
BIRDBRAIN said:
Earning yield was the big game changer for me in crypto. You're not as reliant on price increase when you have coins pouring in while you sleep. I'm in that many stupid yield farms/projects now I can hardly keep track of them. Hoping to get up to 2K AU per day if this bull run keeps going. What a fun hobby this is LMAO.
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You think it's a Ponzi though don't you?

I realise the 3 billion APY will trickle down... well I imagine it will, but it just seems impossible gains. And when something sounds too good to be true...
 
The Dice Man said:
You think it's a Ponzi though don't you?

I realise the 3 billion APY will trickle down... well I imagine it will, but it just seems impossible gains. And when something sounds too good to be true...
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It's absolutely a ponzi, in the exact same way the US$ is a ponzi. If you read into the tokenomics it's actually simulating being a seed investor in the US fed lmao. Or something like that :) These tokens are backed by the treasury so they basically have a floor price, but trade at a premium. If you look at the dashboards on TIME the 'runway' is the amount of days the current treasury could pay out the APY. Usually around ~410 days.

I resisted time for months and months due to it being a 'ponzi' and all I've got to show for that belief is nothing while my mate made $2m. Like wtf LMAO.
 
BIRDBRAIN said:
I resisted time for months and months due to it being a 'ponzi' and all I've got to show for that belief is nothing while my mate made $2m. Like wtf LMAO.
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What time frame and investment for your mate? And is the 2M realised or just on screen?
 
The Dice Man said:
For ex.. Using the Jade caluculator my .5 Jade could be worth 94.4Billion in 365 days. This IS NOT POSSBLE... (unless 94Billion only gets you a a night in a nice hotel and a massage in 12 months time).
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You're right, it's not going to last 365 days at that APY without breaking. Eventually the APY will have to adjust down or the price will. Just remember with Jade we are in EARLY. The treasury is able to grow at multiples early on. BTW you would still be poor because the calculator says I would have 1.7 Trillion LMAO.
 

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BIRDBRAIN said:
It was over a few months he got in at $800 and TIME is now $8000 so he got the 10x plus compounding the APY I believe. He hasn't sold yet.
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Think I'd be taking all, or at least half that and running considering it was only 800 initial investment.
 
The Dice Man said:
Think I'd be taking all, or at least half that and running considering it was only 800 initial investment.
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No he bought $200,000 worth at $800 a coin haha. Now it's 8k per coin. The fact is it's easy to say woulda/coulda/shoulda. If you don't have the balls maybe you sell half when you made 10k profit and another half at 50k and 100k and you never got to the point you made the millions. I know a few of these sorta people in crypto and they are able to disconnect from the money value and just look at it as numbers in a game. They believe in these projects and crypto as a long term store of wealth and they aren't scared of the massive swings in wealth day to day.
 
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Some pretty good discussion going on in here guys.

The most I've ever done is stake my holdings for modest gains. Yield farming etc is nothing I've explored before.
 

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BACCS said:
Yeah listing time usually sees a slight dump, but it brings in huge volume and makes it easier for people to buy. Gate io does not have fiat on ramps, Binance obviously does.
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What frustrates me on Gate is you cant just do a market spot for immediate buy or sell.
 
The Dice Man said:
Yeah but you must be a loaded dude.. forking out all that Eth on Gas.
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Just a sucker :cool:. But no, usually I do try to avoid transacting on the ETH network and haven't moved any of my ETH since my last buy in July. However, this project just had way too much going for it for me to ignore and the staking rewards are juicy. MC is betting on the success of the crypto metaverse and gaming, that's as bullish as it gets for me. It's the first 'community' feel I've got with any of my investments so far.

I especially like how they aren't paying exchanges to list them, Binance has listed them off their own accord. Many of these new projects will pay CEXs for a listing, MC didn't need it with 25-100M daily volume on UniSwap, it practically listed itself.
 

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