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re: Official CryptoTalk Thread
Posted on 2/4/21 at 11:46 am to rocket31
Posted on 2/4/21 at 11:46 am to rocket31
well even the white paper says it is essentially a lending pool model with loand backed by the collateral of the tokens.
essentially it brought two things to the ETH system
Stable rate borrowing
Flash loans without collateral
Plus it has paramets set to evolve over time and form differnt "lending pools" and allows people to create their own pool.
so essentialyl like the lending institution of ETH allowing anyone to create a pool and lend to earn interest over time.
essentially it brought two things to the ETH system
Stable rate borrowing
Flash loans without collateral
Plus it has paramets set to evolve over time and form differnt "lending pools" and allows people to create their own pool.
so essentialyl like the lending institution of ETH allowing anyone to create a pool and lend to earn interest over time.
1
Posted on 2/4/21 at 11:46 am to rocket31
Just unreal that run it’s making 
hadn’t even paid it any mind or heard of it until I just saw it in this thread
hadn’t even paid it any mind or heard of it until I just saw it in this thread This post was edited on 2/4/21 at 11:47 am
Posted on 2/4/21 at 11:47 am to rocket31
quote:
yea that's what I thought but then yfi community just voted to add more coins to the circulating supply which I found bizarre
I mean, it was more of a vote to set a specific number, right?
Posted on 2/4/21 at 11:48 am to rocket31
YFI is kind of a ponzi scheme lol
quote:
YFI is a bubble, the token is worth something because it’s still attracting new investors and they are piling in and pushing up the price. If everyone who was ever going to buy YFI, did so tomorrow, the price would moon to $500K and then crash because they’d all want to take profits but they need more people coming in and chasing returns, in order for that to happen
Which is a lot like a Ponzi scheme. YFI pays out huge returns because the promise of high returns keeps drawing in new people. It’s the new peoples’ money that goes into ensuring rewards in YFI stay high.
Posted on 2/4/21 at 12:38 pm to RATeamWannabe
ok I wanted to give a little insight on why i am so bullish on GRT. I have posted the graph analysis of GRT and and still see long term targets of $1, $1.5, $2, and $5 are all in play.
So GRT stands for the graph. It is simply a protocol that querries and indexes data on block chains. It launched on 12/17/2020 and is already closing in on the top 20 for market cap on CB. Essentially GRT organizes the smart contract data and makes it much easier for the apps built on ETH to communicate data between the blockchain and the user friendly front end of the APP. The protocol improves the organization process and saves tremendous amounts of storage and man hours on the developmental end. Because it is an easy access open source protocol developers do not have to use proprietary indexes which essentially defeated the whole purpose of DEFI.
The GRT token is used to allocate resources within the ecosystem and incentivize players of the network to continuously improve APIs.
Up until now that has been mainly on the ETH block chain, but also on smaller IPFS & POA chains. But late last week they announced they will begin exploring and building/modifying protocols to allow it to begin indexing other Layerone blockchains including Bitcoin and Polkadot. This is big news and shows the adapatbility of the protocol.
Why is this such big news, well GRT has already positioned itself as the Indexing protocol of choice on the ETH ecosystem. If you believe ETH2.0 will succeed and ETH will become the worlds ecosystem/ super computer, well the graph is setup very well.
But even if you don't believe that or are a developer and choose to build on a different Layer 1 blockchain, the Graph will allow you to build subgraphs easily(open APIs) to querry & index the data. This also means you can use the best features from each integration.
The initial GRT token supply is set at 10 billion with #5 more being released yearly.
In the end it is my belief(along with many others) that with the annoucenment of exploring new blockchains that GRT will continue to rise. Currently it sits at 0.83 and an all time high set sunday at almost 0.88.
IMO we will see a dollar by the end of the first quarter, 1.5 by the end of the second and $2 by the end of september. From there, i expec tit to take off and get to the $5 long term target. My personal belief is we close on that target shortly after the new year but other believe it will be next summer.
I do expect it to outperfom bitcoin over the next 18 months and if you are looking to park some money for a year or more, it is a great play long term.
Deep Dive on GRT
GRT Exploring additional Blockchains
Graph Analysis This graph analysis is from tuesday. It has since went back below 0.8 and is well above it again with candles closing above the breakout mark.
So GRT stands for the graph. It is simply a protocol that querries and indexes data on block chains. It launched on 12/17/2020 and is already closing in on the top 20 for market cap on CB. Essentially GRT organizes the smart contract data and makes it much easier for the apps built on ETH to communicate data between the blockchain and the user friendly front end of the APP. The protocol improves the organization process and saves tremendous amounts of storage and man hours on the developmental end. Because it is an easy access open source protocol developers do not have to use proprietary indexes which essentially defeated the whole purpose of DEFI.
The GRT token is used to allocate resources within the ecosystem and incentivize players of the network to continuously improve APIs.
Up until now that has been mainly on the ETH block chain, but also on smaller IPFS & POA chains. But late last week they announced they will begin exploring and building/modifying protocols to allow it to begin indexing other Layerone blockchains including Bitcoin and Polkadot. This is big news and shows the adapatbility of the protocol.
Why is this such big news, well GRT has already positioned itself as the Indexing protocol of choice on the ETH ecosystem. If you believe ETH2.0 will succeed and ETH will become the worlds ecosystem/ super computer, well the graph is setup very well.
But even if you don't believe that or are a developer and choose to build on a different Layer 1 blockchain, the Graph will allow you to build subgraphs easily(open APIs) to querry & index the data. This also means you can use the best features from each integration.
The initial GRT token supply is set at 10 billion with #5 more being released yearly.
In the end it is my belief(along with many others) that with the annoucenment of exploring new blockchains that GRT will continue to rise. Currently it sits at 0.83 and an all time high set sunday at almost 0.88.
IMO we will see a dollar by the end of the first quarter, 1.5 by the end of the second and $2 by the end of september. From there, i expec tit to take off and get to the $5 long term target. My personal belief is we close on that target shortly after the new year but other believe it will be next summer.
I do expect it to outperfom bitcoin over the next 18 months and if you are looking to park some money for a year or more, it is a great play long term.
Deep Dive on GRT
GRT Exploring additional Blockchains
Graph Analysis This graph analysis is from tuesday. It has since went back below 0.8 and is well above it again with candles closing above the breakout mark.
Posted on 2/4/21 at 1:06 pm to lsu777
I get the feeling a lot of these coins act like a Stock for a company.
AAVE has made some recent moves/announcements that are particularly interesting to the non defi industry.
I hate these kind of videos but found this interesting.
https://www.youtube.com/watch?v=NOk6OTFTsvw&feature=emb_logo
AAVE has made some recent moves/announcements that are particularly interesting to the non defi industry.
I hate these kind of videos but found this interesting.
https://www.youtube.com/watch?v=NOk6OTFTsvw&feature=emb_logo
Posted on 2/4/21 at 1:14 pm to Vols&Shaft83
quote:
Vols&Shaft83
hope you didnt sell comp yet lol. up 9% on the hour and about to cross $500
Posted on 2/4/21 at 1:16 pm to tagatose
quote:
I get the feeling a lot of these coins act like a Stock for a company.
this is the case for prolly 80% of the tokens out there. and its how they pay people in running their protocols.
Seems to go over most peoples head when they discuss crypto. Not talking about most people in this thread, im talking traditional investors.
This post was edited on 2/4/21 at 1:17 pm
Posted on 2/4/21 at 1:17 pm to lsu777
80% is far too low imo. I'd say more like 98% of the alt coins are just funding tokens basically.
Posted on 2/4/21 at 1:20 pm to Pendulum
quote:
I'd say more like 98% of the alt coins are just funding tokens basically.
yea your number is prolly closer. very few that are not just shares of a company/protocol or a token to pay those that process/verify/use the protocol
Posted on 2/4/21 at 1:27 pm to tagatose
so institutional investing in the UK and a pixel game characters that you can customize and aave v2.0 lending which seems pretty complicated after the first listen
Posted on 2/4/21 at 1:45 pm to rocket31
man, ZRX has climbed much higher than any graph analysis showed. back to 0.96 now and has been above 0.90 for a while now. 45% gain in 2 days. Not a bad call for what was supposed to be a short term play
Posted on 2/4/21 at 2:02 pm to lsu777
ZRX has done nicely along with GRT
having thoughts of dumping my ICX just not going anywhere
having thoughts of dumping my ICX just not going anywhere
Posted on 2/4/21 at 2:16 pm to SUG
yea ZRX just now broke over $1.10, that is a 67% gain in the two days since i posted.
one analysis i saw had the new mark at 1.18 so be watching.
ETA: damn at 1.13 now
ETA2 1.20 now
one analysis i saw had the new mark at 1.18 so be watching.
ETA: damn at 1.13 now
ETA2 1.20 now
This post was edited on 2/4/21 at 2:19 pm
Posted on 2/4/21 at 2:22 pm to SUG
quote:
SUG
what did you get in at?
i got out of zrx early apparently lol. happy with my gain but jesus, peaked at greater than 80% return lol
Posted on 2/4/21 at 2:37 pm to lsu777
i show .22
i dont blame you i'd prob do the same mines staked
i dont blame you i'd prob do the same mines staked
Posted on 2/4/21 at 2:40 pm to SUG
quote:
i show .22
i dont blame you i'd prob do the same mines staked
nice, when i asked you that, you were up 555%. still up 486%
Posted on 2/4/21 at 4:09 pm to lsu777
alrigth update on ZRX just dropped
also on STMX
Zrx Targets: 1.25, 1.45, 1.60, 1.75, 1.85
These will take a couple weeks to get there, prollt about 6.
quote:
Alright guys and gals, here's the update on ZRX. I thought ZRX would find resistance at .85 but it ended blowing right passed it! It found a high around 1.15 (71% gain depending on where you got in and out!) and is now pulling back. My opinion is it'll come back and retest the .85-.90 levels before continuing upward (depending on BTC and ETH)
ZRX may consolidate between .90-1.05 for the next several days, possibly forming a bullflag or another pennant.
also on STMX
quote:
Symmetrical triangle or pennant. Could go either way but my guess on that one is up
Zrx Targets: 1.25, 1.45, 1.60, 1.75, 1.85
These will take a couple weeks to get there, prollt about 6.
This post was edited on 2/4/21 at 10:32 pm
Posted on 2/4/21 at 5:45 pm to lsu777
Update on XLM
quote:
XLM update: It broke down out of the original support I had set but found some more support a little bit lower. Possibly going to go for a run here in the next 24-48 hours. I'd like to see a close above .353 or so to confirm this
Posted on 2/4/21 at 5:59 pm to lsu777
For users of Celsius, I just set it up today. Assuming I can transfer my BTC/LINK from CB Pro to Celsius? It’s giving me a notice that it must be in it’s native Blockchain or it will be permanently lost. This scares me; as I’m not sure what it means...
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