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Cryptocurrency mega-thread

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freddy mercury said:
This isn't on Coinspot ( the website I use )
I have done some reading, seems to have okay potential. I am in it for the long haul, I am not after a quick profit.
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The major exchange it’s now on is Binance, that’s where you can also stake and earn about 200% APY. Otherwise, their website has a tutorial on how to stake through UniSwap V2, where I’m earning over 400% APR (if you also stake with ETH, MC alone is 200%). Also have a look at my recent posts in this thread on it, I explain the significance of some of their major institutional backers.
 
LongBombFromOutside50 said:
Agreed that the way Alts are performing is very bullish. Still don't think bitcoin will make all time highs in the next 2 months though (definitely not in December). Bookmark this point and @ me if I'm wrong :tearsofjoy:

I only sold my Sol because I went in hard and I'm 50x up on my initial investment, so I was lucky enough to make life changing money. Have to take profits at some point as who wants to be a bag holder. I'll definitely buy back into Sol if we dip again and I'm looking to buy big into a couple of protocols within the Sol ecosystem
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I remember your call on SOL. Well played, sir.
 

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LongBombFromOutside50 said:
Fair enough, and good strategy.

From the time I've been in crypto we rarely see v-shaped recoveries from such big drops (30%+). The covid crash in March is the only one I can think of off the top of my head.

We usually get a bit of a bounce, but then price tends to consolidate and grind lower for at least another month or two, because investors lose confidence, weak hands continue to sell and then the guys who bought in a long time ago and are up 10x+ think they'd better take their profits before it all continues to go lower.

I'm pretty confident we won't see a new all time high for bitcoin for at least two months. Alts have been acting strange during this nuke though. Would expect them to not hold up as well as they are currently.

I actually sold all of my Sol on the first bounce that went above $205. Still extremely bullish long term, and ready to load up again if we reach mid-100s.
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V shapes can happen though. Wish I wasn't so burned late 2018 That I held off on buying BTC at 4k. Was 12k by mid 2019 and now...... Have a mate who bought himself 6 full bitcoin around 4k back then and here was me telling him he was mad! UGH!
 
LongBombFromOutside50 said:
Agreed that the way Alts are performing is very bullish. Still don't think bitcoin will make all time highs in the next 2 months though (definitely not in December). Bookmark this point and @ me if I'm wrong :tearsofjoy:

I only sold my Sol because I went in hard and I'm 50x up on my initial investment, so I was lucky enough to make life changing money. Have to take profits at some point as who wants to be a bag holder. I'll definitely buy back into Sol if we dip again and I'm looking to buy big into a couple of protocols within the Sol ecosystem
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Nice work mate, is the life changing money enough to scale back on your regular day job?
 
LongBombFromOutside50 said:
It is, but I work from home and enjoy what I do so have no plans to leave or scale back for now
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Fair enough, always good to have that regular income too! I’m confident MC is the project for me to make that life changing money, staking rewards that are locked for 12 months after I claim are a nice passive income later on too. Are you planning to scale back your crypto investments now you’ve made the big money?
 
BACCS said:
Fair enough, always good to have that regular income too! I’m confident MC is the project for me to make that life changing money, staking rewards that are locked for 12 months after I claim are a nice passive income later on too. Are you planning to scale back your crypto investments now you’ve made the big money?
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Awesome, I hope it is!

I will for now, but I've always considered myself a risk taker, so I'm sure I'll ape in again at some point when I feel the time is right :tearsofjoy:
 
BACCS said:
UniSwap V2 for me, but can also use Binance Launchpool for staking MC as well now (farming for about another 50ish days).
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I have just seen it now in Binance. So i deposit in some MC and farm it for 55 days and it will give me a yield to the value of an annual yield of 167.3%.

whats the catch? (other than the value of the MC decreasing?)
 
MirosWife said:
I have just seen it now in Binance. So i deposit in some MC and farm it for 55 days and it will give me a yield to the value of an annual yield of 167.3%.

whats the catch? (other than the value of the MC decreasing?)
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The APY started at 450% a week ago, so it is decline fast as more stake. The earlier you are the better. Can claim rewards every hour and restake them too. On the UniSwap staking pool, I will make back my original principal in less than 2 months. Despite the gas fees, staking on UniSwap is the better option.
 
BACCS said:
The major exchange it’s now on is Binance, that’s where you can also stake and earn about 200% APY. Otherwise, their website has a tutorial on how to stake through UniSwap V2, where I’m earning over 400% APR (if you also stake with ETH, MC alone is 200%). Also have a look at my recent posts in this thread on it, I explain the significance of some of their major institutional backers.
Click to expand...
I just downloaded and registered, the website is so ****ing confusing, I have little to zero idea of what the **** to do. I've heard the term farming before but never got a clear understanding. I might buy $1000 of MC.
 

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freddy mercury said:
I just downloaded and registered, the website is so ******* confusing, I have little to zero idea of what the fu** to do. I've heard the term farming before but never got a clear understanding. I might buy $1000 of MC.
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Binance takes awhile to get used to but it's got a lot of different things that you can do...

To Farm your MC on Binance, follow these steps...

Step 1A. On a Computer. On the top Menu Tab, hover over Finance and select Binance Earn (there are also a few other ways to get on the launchpad page)
Step 1B. On a Phone. Go to shortcuts on the home page and click Launchpad. If it's not in the top menu click on More to find it.

Step 2. Scroll down and select Launchpool
Step 3. In the Launchpool section and you will see MC
Step 4. Stake your MC, BUSD or BNB by clicking on MC Pool, BUSD Pool or BNB Pool respectively
Step 5. Press 'Stake Now' button and chose amount you want to stake

After at least one hour
Step 6. Click Harvest Button and BC will be deposited into your Spot account (the Harvest is the result of your Farming).

Step 7. Repeat staking process (minimum amount 0.01 MC)
 
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BACCS said:
Well at least it has given people time to take any profits before a potential rug?!
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Look any shitcoin can be a rug. If it was a rug it would be done by now, so I don't think it's a rug but there a few offputting things for me. They have some 'wallet-rep' policy where there's extra rewards (airdrops) for diamond hands and there's also a 10 day countdown to something 'big' happening which I'm sure will be a sell the news event. I probably panic sold yesterday but the selling and the dip was relentless, I couldn't see an end to it. Of course as soon as I sold it stopped LMAO.
 
traffic said:
not gunna lie Binance confuses the sh*t outa me.
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It's not really any different to any other CEX, you can place market orders for the best price as with any exchange. Otherwise, there is also the ability to set limit orders.
 

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BACCS said:
The APY started at 450% a week ago, so it is decline fast as more stake. The earlier you are the better. Can claim rewards every hour and restake them too. On the UniSwap staking pool, I will make back my original principal in less than 2 months. Despite the gas fees, staking on UniSwap is the better option.
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Put 44 MC on last night and just harvested 68 cents today :D
 
traffic said:
not gunna lie Binance confuses the sh*t outa me.
Click to expand...

Its not that hard once you get your head around it.

Stick to the Spot section if thats what you wanna do (just buy and hold) and dont worry about the trading or staking/farming section (to begin with :D)
 
Got a feeling PIT will crash and burn or never take off much. I think one of the devs got sick. In any case, I'm holding my 193b tokens until at least October next year unless something drastically good happens.
 
Coolangatta said:
Got a feeling PIT will crash and burn or never take off much. I think one of the devs got sick. In any case, I'm holding my 193b tokens until at least October next year unless something drastically good happens.
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I've banked ~ 10x my original investment and am sitting on the rest of my holding until it's either worth nothing, or it buys me a Lambo.
 
Coolangatta said:
Got a feeling PIT will crash and burn or never take off much. I think one of the devs got sick. In any case, I'm holding my 193b tokens until at least October next year unless something drastically good happens.
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From when I first posted PIT, it did close to 20x at it's peak.
 

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