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Cryptocurrency mega-thread

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BACCS said:
That’s definitely going out on a limb, given it just made a new high for this cycle in the last week. ETH doesn’t become any less useable as price goes up, gas fees aren’t correlated to price.
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Gas fees are denominated in Eth, so yes the Eth price impacts the gas fee (in USD terms).

The Eth/Btc ATH is around double what the price is right now, which was set back in 2017. Still don’t believe it will get there again. Or if it does then the market is nuts and Eth deserves to be mega shorted.


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Evolved1 said:
That's an interesting view.

Probably for the first time, I can see ETH potentially going past BTC, especially if the bull run lasts. Whether that lead will hold through a bear market is a different question altogether. BTC maxis are nuts, much like religious fundamentalists. They won't sell; I'm not sure you could say the same for ETH maxis or shitcoin moonbois.

High fees will put a ceiling on any project. I can see SOL eventually moving past ETH if the fee issue isn't fixed.
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ETH maxis are just as bad as BTC maxis IMO. Only more beta and more soy.

The amount of FUDing they to do competing L1s who are taking away their market share is laughable. I don’t see that so much from BTC maxis.


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BigBirdz said:
What do you guys reckon Bitcoins price will be in 10 years 200k? 1mil?
I'm looking into investing $200 a week of my PTY LTD companies money into an index fund, or.....
Maybe I should just put that 200 into BTC each week and play the long game.
With the amount of money that's printed these days I can only see BTC going up.
Any thoughts?
Thanks.
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No one knows. One thing I am 100% certain on is that in 10 years time, it’s price will be higher than what it is today.

So I think you’re onto into a good strategy there


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My hot tip for anyone looking for an early stage project to look into is Cerby Token. It's a DeFi ecosystem with lots of use cases (cross-chain bridging, staking, DEX on Radix, amongst other things). It has about $15m market cap and really run in the last few days - about 2x. But it's still very early days for this project and the team + community is very good. The founder is actively in the TG chat answering questions and helping out new people get familiar with the project.

Some links if anyone is interested:

cerby.fi

Cerby Finance

Cerby Finance is a new Cross-Chain Token Standard allowing you to easily bridge between blockchains and DLT networks.
cerby.fi cerby.fi

Introduction - Cerby Finance

docs.cerby.fi docs.cerby.fi
coinmarketcap.com

Cerby Token price today, CERBY to USD live price, marketcap and chart | CoinMarketCap

The live Cerby Token price today is $0 USD with a 24-hour trading volume of $0 USD. We update our CERBY to USD price in real-time.
coinmarketcap.com coinmarketcap.com
 

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LongBombFromOutside50 said:
ETH maxis are just as bad as BTC maxis IMO. Only more beta and more soy.

The amount of FUDing they to do competing L1s who are taking away their market share is laughable. I don’t see that so much from BTC maxis.


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It’s probably because your feed is more ETH content than BTC, any maxi for any project is annoying.
 
I’ve worked out that at current APR (I know this will change) and current price (I also know this will change), my MC staking in 12 months time will be double my monthly salary. Even if APR decreases, something would need to go seriously wrong with the project in 12 months for its price not to have a higher low
(currently trading just above its LBP price from day one of public sales).

It is a bonus for me if price happens to go parabolic at some point next year (this is why I would rather stay flexible staking for now, need to see how the market goes in Q1 next year for me to commit to a fixed term). I’m happy to be patient and continue staking.

So glad I’ve found this project this early and finally learnt how to use UniSwap and liquidity pools.
 
LongBombFromOutside50 said:
Never felt better being in stables right. Getting very close to my entry levels on BTC and SOL!


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Yep, feels a lot more comfortable having 25% of my portfolio in stables now! It's a fairly clear 'Risk Off' attitude by large institutions since November, this article by ted explains it well:

 
Almost as the stage where i am considering selling all my ADA and just chucking it into ETH.
Market is just too volatile lately, and i think 2022 will bring more of the same with interest rates starting to rise around the world.
Thinking of just keeping my $ in ETH and maybe some BTC till this shit settles down.
 

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Pancakes said:
Almost as the stage where i am considering selling all my ADA and just chucking it into ETH.
Market is just too volatile lately, and i think 2022 will bring more of the same with interest rates starting to rise around the world.
Thinking of just keeping my $ in ETH and maybe some BTC till this sh*t settles down.
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Interest rates rising are already getting priced into the financial markets. November is looking like the top for the short to medium term I reckon. Still think a year from now prices are higher than today, but there’s likely to be a lot of volatility in that time and potentially more downside. BTC 50 week ema is at 44k, I think we drop there by mid week and then bounce back to low 50s and crab sideways for a while.
 


When mainstream media outlets in Australia start talking like crypto experts I would suggest a local bottom is not too far away
 
I much preferred when Raoul Pal was calling for a 400k Bitcoin and 40k Eth by Feb. Or when he said we'd get a massive pump in Dec, followed by a small retracement, then another pump in Q1.

I'm a big fan of him and his work, but LOL @ blaming discretionary spending. How much can retail really move the market?
 
I just realised that I entered the crypto markets (May 12) the day the 10 year US bonds had their largest daily spike for 2021 and BTC had started a clear downtrend (lost 13% that same day), I was doomed from the beginning :eek:.
 


Largest spike in ETH longs on Bitfinex since the bottom in July occurred yesterday (42% spike). There is a lot of correlation in data between the July low and what's happening these last couple of weeks. Not a guarantee the bottom is completely in, but the smartest trader I follow on CT Pentoshi has been bearish since BTC hit its last ATH; however, started getting back into the market yesterday.
 
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BACCS said:


Largest spike in ETH longs on Bitfinex since the bottom in July occurred yesterday (42% spike). There is a lot of correlation in data between the July low and what's happening these last couple of weeks. Not a guarantee the bottom is completely in, but the smartest trader I follow on CT Pentoshi has been bearish since BTC hit its last ATH; however, started getting back into the market yesterday.
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Consensus seems to be that the FOMC on Wednesday will be a buy the news event irrespective of the outcome.
 
Evolved1 said:
Traders have gone risk off leading up to the FOMC for fear of the outcome. It's the opposite of what happens during a bullish news event, so many expect a Wednesday (US) pump.
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So it's priced in already(over the last week or 2)?
 

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