Seems like people are combining two buzzwords to create hype in shitcoins.
I'd be incredibly skeptical, as I was with NFTs.
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Cryptocurrency mega-thread
- Thread starter DapperJong
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Seems like people are combining two buzzwords to create hype in shitcoins.
I'd be incredibly skeptical, as I was with NFTs.
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Yesterday afternoon/night was an amazing time to be scooping things up!
- Jun 27, 2020
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Is there anything you're not skeptical about?
beez
A*mazing
Fascinating what's going on with USDC.
Hope someone makes an in-depth doco in the next few years called The Stable Wars.
Hope someone makes an in-depth doco in the next few years called The Stable Wars.
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Yes, I've been accumulating AGIX for quite a while now, hold quite a large amount of it just as a purely long term speculative thing.
Go onto it really because of Ben Goertzel who Joe Rogan had on his podcast 4 years ago.
I got onto ETH way before it hit its ATH thanks to him too. This video was late 2018.
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You can be skeptical and still play the game. Many AI tokens did 500%+ gains this year.
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Im not against a gamble in it but its just that and recognising 90% of it is a ponzi will help lock in profits. I just dont have time to follow it close enough anymore tbh.
Get on a hype train and momentum trade it would be my go
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They probably were until Silicon Valley bank collapsed.It is fascinating. Out of USDC and USDT I always thought USDC was the more stable/reliable of the two
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I know what you mean. I'm usually in and out quick when playing narratives, but I'm still kicking myself for missing the entire NFT train given most of my crypto friends were early in BAYC. Sliding doors moment there.
I find it hard to see the Fed hiking rates more than 25bps next meeting and markets are now pricing in a cut towards the end of Q4. Employment market starting to feel the pinch in the US too based off the last data release earlier this week.
On USDC, I would expect it to regain the peg once banks open in the US on Monday. This announcement from Circle this morning was reassuring:
An Update on USDC and Silicon Valley Bank
Even then, their exposure will likely be quite minimal once everything plays out (even if SIVB is not bailed out, they will still recover some of their cash eventually and can liquidate short term treasuries they own via Blackrock). De-pegging to less than 90c was just panic before all of the information became available.
beez
A*mazing
Man, I love FinTwit. So many bros on there with their hot takes that are both informative to a layman like me and also downright delusional with the constant criticism of government entities.
And I do love the irony of more government intervention = higher bitcoin prices. Nice little (quite bit actually) pump.
I wonder whether this marks the Fed pause (coz there's much fragility in the system at the moment) or whether we'll see 1 or 2 more hikes in a few months and another leg down?
And I do love the irony of more government intervention = higher bitcoin prices. Nice little (quite bit actually) pump.
I wonder whether this marks the Fed pause (coz there's much fragility in the system at the moment) or whether we'll see 1 or 2 more hikes in a few months and another leg down?
I've been accumulating JOE.
Been working a lot on accumulating projects that are in that 10-40 cent range with the view they can get back to $1 easily enough in a strong market going by previous ATH.
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I've been accumulating HEX. I got in before the fork and am eagerly awaiting the Mainnet release of Pulse Chain.
Futures are now predicting a rate hike by Q4 this year, instead of 2024. The predicted terminal rate has been as high as 5.75%, but is now ~5%.
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beez
A*mazing
And they are consistently wrong. Just like Fed predictions.
That's why it is so interesting. Who would have predicted this a week ago? Who would have predicted the 2yr yield to collapse so dramatically? While markets are trying to front-run the Fed, they are at the same time wrong time after time after time.
I don't think stagflation has really been on the cards because, since 2008, the capacity of the Fed to inject liquidity when needed has always been there, but maybe we will see a stagflationary environment for the next 2-3 years. But then again, as Andrew Sorkin said yesterday, what is happening to the smaller banks might very well be disinflationary and the markets will again be off to the races in a couple of months
Basically, prices up or downAnd they are consistently wrong. Just like Fed predictions.
That's why it is so interesting. Who would have predicted this a week ago? Who would have predicted the 2yr yield to collapse so dramatically? While markets are trying to front-run the Fed, they are at the same time wrong time after time after time.
I don't think stagflation has really been on the cards because, since 2008, the capacity of the Fed to inject liquidity when needed has always been there, but maybe we will see a stagflationary environment for the next 2-3 years. But then again, as Andrew Sorkin said yesterday, what is happening to the smaller banks might very well be disinflationary and the markets will again be off to the races in a couple of months
. CPI numbers tomorrow will be very interesting…No I'm right.
You have no idea what the market cap is about the projects I was referring too.
Of course the price does matter. I mean isn't that why you set an entry point on something? Based on a price?