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re: Official CryptoTalk Thread
Posted on 4/29/21 at 5:02 pm to Douglas Quaid
Posted on 4/29/21 at 5:02 pm to Douglas Quaid
25 yr tech professional here. Ethereum has a significant head start but also has significant obstacles to overcome to get to a scalable, affordable, and governable blockchain. I don’t see it as a zero sum game and only one will survive - I think ETH will do fine but it’s position as the preeminent smart contract platform will be eroded by Cardano, PolkaDot, BSC, Algorand, and others.
Posted on 4/29/21 at 5:11 pm to RonLaFlamme
quote:
I don’t see it as a zero sum game and only one will survive - I think ETH will do fine but it’s position as the preeminent smart contract platform will be eroded by Cardano, PolkaDot, BSC, Algorand, and others.
I agree, though I think you'll have a big 2-3.
However, the amount of "market share" ETH will give up depends on how quickly they roll out eth2 and eip1559.
Posted on 4/29/21 at 5:33 pm to rocket31
I think they are set up to do different things. Bnb is the real ethereum killer 
Posted on 4/29/21 at 6:12 pm to 21JumpStreet
And Chainlink will be feeding data to them all
Posted on 4/29/21 at 6:35 pm to CE Tiger
quote:
I don’t see any risk at this stage in the game. CeFi companies like Voyager, Celsius, Gemini, BlockFi aren’t going anywhere
Which ones are you guys using? Which stable coins are you staking? How much do you feel comfortable leaving in there?
How long are the terms?
ETA: I am currently staking my crypto on Gemini, and was hoping they would stake stable coins, but I dont see that optioin.
This post was edited on 4/29/21 at 6:46 pm
Posted on 4/29/21 at 6:47 pm to rocket31
What are you using as collateral for a loan? If stablecoins, what benefit is there to keep them and borrow against them if they won’t go up in value as you hold. Might as well just cash out, right? I can see using another coin that may appreciate but then you may have to have more collateral if the price drops a lot
Posted on 4/29/21 at 6:52 pm to mtcheral
i used bitcoin for collateral and then bought more bitcoin with the USD loan. the LTV was 60% at the time, this was back in november so not sure what it is now
they give you text and email warnings when youre close to liquidation so you can add more funds if there is a significant price decrease
they give you text and email warnings when youre close to liquidation so you can add more funds if there is a significant price decrease
Posted on 4/29/21 at 7:03 pm to rocket31
I'm trying to convince my wife to take half of our amex savings to put into celsius stablecoin. Give me that 10% over .4% or whatever amex high yield is
Give us a little more wiggle room on our house down payment in 2 years
Give us a little more wiggle room on our house down payment in 2 years
This post was edited on 4/29/21 at 7:05 pm
Posted on 4/29/21 at 7:05 pm to rocket31
Nexo wants 1.5btc to get 50k
Posted on 4/29/21 at 7:08 pm to bluebarracuda
yea seems like a no brainer. blockfi is backed by fidelity if that makes her feel more secure 
Posted on 4/29/21 at 9:07 pm to bluebarracuda
Does celsius let you buy stablecoin with usd, or would you need to buy it via CB pro or similar and transfer?
Posted on 4/29/21 at 9:21 pm to Hulkklogan
No trading/swapping on Celsius - buy elsewhere and transfer in
Posted on 4/29/21 at 9:28 pm to rocket31
How does blockfi vary interest rates?
I need a place to park some tether in a month or two.
I need a place to park some tether in a month or two.
Posted on 4/29/21 at 9:45 pm to Hulkklogan
You can buy it but ACH is only cheap way and can take 3-5 days.
Posted on 4/29/21 at 10:01 pm to down time
blockfi has been changing rates often think they have a stable coin promo rate right now but not sure how long it lasts
Posted on 4/30/21 at 6:47 am to rocket31
Dang, voyager was easy to deposit and withdraw. Only downside is they don't provide loans as collateral i don't think. They are also a public company
Posted on 4/30/21 at 7:07 am to 21JumpStreet
Kubyam posted this around midnight so be mindful of any plays you have.
quote:
Just want to throw out a quick update on my thoughts on BTC. If this weekly candle closes below 52.6k in just under 3 days, we will likely see 42-43k levels the first part of May. Some altcoins have had a nice bounce this week so if you have open trades are in profit, I'd look to secure them, set some stop losses in profit, or have some funds on hand to buy any possible dips that could come in the next week or two
Posted on 4/30/21 at 7:36 am to lsu777
Trias at $8 tho
Feels goodman
Feels goodman
Posted on 4/30/21 at 8:18 am to Hulkklogan
Yea trias was a killer play. I'm out now but killed it on that. Last night when it dipped it tripped my trailing stop loss and closed. Overall killed it.
BTW I never did get that invite to that group.
Also did see a graph yesterday that showed grt is prolly not going to recover back to all time high area until late may/early June and if btc does go to 42-44, will be more like 80-90 days from now.
BTW I never did get that invite to that group.
Also did see a graph yesterday that showed grt is prolly not going to recover back to all time high area until late may/early June and if btc does go to 42-44, will be more like 80-90 days from now.
Posted on 4/30/21 at 8:29 am to lsu777
Chainlink Partners with UNICEF Innovation Fund to Support Blockchain-Enabled Applications in Emerging Markets
Cardano saving Africa... Chainlink saving the world.
Cardano saving Africa... Chainlink saving the world.
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