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re: Official CryptoTalk Thread

Posted on 3/16/21 at 8:53 am to
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167511 posts
Posted on 3/16/21 at 8:53 am to
quote:

Do any of yall still like Bancor in this range?


What does it do? What makes it a viable coin?
Posted by 21JumpStreet
Member since Jul 2012
14655 posts
Posted on 3/16/21 at 9:02 am to
Yea and then I saw this.

quote:

At least 100 companies currently working on Ethereum are “in the pipeline” of transitioning to Cardano’s blockchain, said the project’s founder.



Posted by eng08
Member since Jan 2013
5997 posts
Posted on 3/16/21 at 9:03 am to
It’s setup as a swap protocol for no impermanent loss. They reimburse you in approved pools with bnt tokens if you suffer impermanent loss.require you to stay 100 days to get full protection.

Think of it as a different flavor of uniswap or sushiswap.

I own bnt and am staking it getting BNT rewards and swap fees. It’s been good so far.

I also have my GRT there getting 20% rewards and 0.2% swap fees.
Posted by DeathValley85
Member since May 2011
17206 posts
Posted on 3/16/21 at 9:58 am to
quote:

REN Protocol (REN)


People are sleeping on this one. Undervalued based on the value they have locked up imo.

Cliffs: For those who have heard of wrapped bitcoin, REN does that, but decentralized. They also "wrap" other assets to multiple platforms (and still developing)
Posted by civilag08
Member since Feb 2011
806 posts
Posted on 3/16/21 at 10:34 am to
I think there are a lot of awesome projects that are developing for different purposes to solve different problems, REN is one of many. Likely the entirety of good projects in Crypto will increase over time.
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 3/16/21 at 10:38 am to
Ren just announced a digibyte- eth bridge, making renDigibyte so you can get your digibyte into defi on eth.

Posted by burgeman
Member since Jun 2008
10365 posts
Posted on 3/16/21 at 10:54 am to
quote:

I also have my GRT there getting 20% rewards and 0.2% swap fees.


What's the process for that?
Posted by NEMizzou
Columbia MO
Member since Nov 2013
1369 posts
Posted on 3/16/21 at 12:44 pm to
quote:

Ren just announced a digibyte- eth bridge, making renDigibyte so you can get your digibyte into defi on eth.


I know just a little bit about what's going on in this thread and appreciate everyone's input here. But man, if you showed this quote to 99% of the people on planet Earth they would look at you like you have two heads
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 3/16/21 at 12:50 pm to
Cardano is on Coinbase now

Trading starts March 18
This post was edited on 3/16/21 at 12:51 pm
Posted by Douglas Quaid
Mars
Member since Mar 2010
4098 posts
Posted on 3/16/21 at 12:54 pm to
Perhaps CB acquiring ADA in advance of the listing is what caused the recent price spike in ADA?
Posted by ronricks
Member since Mar 2021
7103 posts
Posted on 3/16/21 at 12:56 pm to
wonder what took CB so long to list ADA?
Posted by 21JumpStreet
Member since Jul 2012
14655 posts
Posted on 3/16/21 at 2:01 pm to
Yea, I was wondering why it jumped as i was looking get in
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 3/16/21 at 2:27 pm to
You just send it to your wallet, connect choose pool and stake.

Need to either have enough to stake so rewards are worth the transaction fee with eth and gas high. Or possibly pool with a buddy to try to lower costs.

Unstaking anything drops your rewards multiplier back to 1. It increases to 2 after 4 weeks in a pool.

There’s only 68 days left for rewards in the grt pool and I need to keep it to 100 until full impermanent loss protection kicks in.

I entered at like 90 days left so will have abt 2 weeks where it’s idle and not accrue extra bnt rewards for my bnt or grt (71%/20%) , but it is still getting swap fees (0.2% fee for ~ 2.5% apr)
Posted by burgeman
Member since Jun 2008
10365 posts
Posted on 3/16/21 at 3:15 pm to
I've got under 1k grt coins, so not a baller
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 3/16/21 at 3:28 pm to
Yeah, with transaction fees where they are at it’s close to even there.
Posted by finchmeister08
Member since Mar 2011
35812 posts
Posted on 3/16/21 at 3:56 pm to
quote:

Yea, I was wondering why it jumped as i was looking get in


i thought markets didn't react to news like this?
Posted by LSU28605
Baton Rouge
Member since Jan 2006
973 posts
Posted on 3/16/21 at 4:09 pm to
I have 22 ETH, but I'm thinking about minimizing risk and selling some or all of it to buy more BTC. The thought right now is 1) buying .5 BTC and leaving the rest in ETH, 2) buying .5 BTC and using the rest to buy LINK, or 3) selling all my ETH to buy as much BTC as I can.

The other option is just keeping my 22 ETH and continue to HODL.

What would y'all do?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 3/16/21 at 4:19 pm to
well eth and link haven't moved in months and we're are in middle of a bull market. what catalyst is going to change this?
Posted by AMS
Member since Apr 2016
6498 posts
Posted on 3/16/21 at 4:33 pm to
quote:

I have 22 ETH, but I'm thinking about minimizing risk and selling some or all of it to buy more BTC. The thought right now is 1) buying .5 BTC and leaving the rest in ETH, 2) buying .5 BTC and using the rest to buy LINK, or 3) selling all my ETH to buy as much BTC as I can.

The other option is just keeping my 22 ETH and continue to HODL.

What would y'all do?


Id hang on to 5ish ETH, so 17 remain to divvy up. would probably use 2 ETH to pick up some random alts like ADA or XTZ with a short term sell on the next spike mentality. Then probably sell 10 for BTC and 5 for LINK as long positions.

stacking BTC is probably the safest, but may miss out on larger short term gains that the others could see. as long as you don't tinker too hard too frequently.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 3/16/21 at 5:24 pm to
Definitely thinking about moving some ETH into ADA once Coinbase trading opens.
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