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re: Official CryptoTalk Thread

Posted on 5/16/21 at 7:32 pm to
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/16/21 at 7:32 pm to
Eh, if you look at the 1 month graph for btc, it’s a pretty straight forward down slope and it took a bigger dive today
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10607 posts
Posted on 5/16/21 at 8:12 pm to
quote:

Is there any literature on this? I think it would be smart to get ahead of the crowd on crypto vol. How did you learn it? Are they priced with black scholes like options on traditional financial assets?


Same formula as SPIKES:

LINK

Their bitvol specs:

LINK

They're trying to pull data from multiple derivative exchanges, but I think it's just largely from Deribit right now.

So it's not available on LedgerX for most people. You're going to have a hard time finding someplace to trade it. I trade it. I actually hedge my positions with it, but I can't get into where. I use it mostly becuase protective puts at one time were extremely expensive due to speculators.

Let me know what you end up doing.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11916 posts
Posted on 5/16/21 at 8:52 pm to
Appreciate the help! No worries on the sources I was just interested in the space in general. Thanks for pointing me into the right direction.

Are funds already trading crypto variance swaps?
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 5/16/21 at 8:52 pm to
If yall want a quick btc 5k bounce to the green, I can enter a short leveraged position. I'm undefeated.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82096 posts
Posted on 5/16/21 at 8:58 pm to
quote:

The fact that one person has this much influence on bitcoin is the reason i'm out. Yea the USD might have inflation but bitcoin is volatile AF

How this is still a surprise to people is mind blowing.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/16/21 at 8:58 pm to
45k seems to the next level of short term support, it’s been flat for an hour but volume is still high.

If it holds it may bounce a bit
Posted by BottomlandBrew
Member since Aug 2010
29406 posts
Posted on 5/16/21 at 9:32 pm to
Buterin just burned 90% of his remaining SHIB.

quote:

"I've decided to burn 90% of the remaining shiba tokens in my wallet. The remaining 10% will be sent to a (not yet decided) charity with similar values to cryptorelief (preventing large-scale loss of life) but with a more long-term orientation. Covid is a big problem now, but it's important to think about the longer term future too!

Simply holding the remaining coins in the 0xab58 wallet forever was never an option; for security reasons alone they would have to be moved to a better wallet eventually, and any transaction I make would get interpreted as an action. So... may as well just do the useful thing immediately.

I've actually been impressed by how the dog token communities have treated the recent donations! Plenty of dog people have shown their generosity and their willingness to not just focus on their own profits but also be interested in making the world as a whole better. I support all who are earnestly doing that.

But for anyone making coins (or daos, or whatever else) in the future, PLEASE DO NOT GIVE ME COINS OR POWER IN YOUR PROJECT WITHOUT MY CONSENT! I don't want to be a locus of power of that kind. Better to just print the coins into the hands of a worthy charity directly (though do talk to them first)."

This post was edited on 5/16/21 at 9:33 pm
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/16/21 at 9:33 pm to
Buterin leading a crusade against the shitcoins
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/16/21 at 9:36 pm to
Not the hero we deserve....
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 5/16/21 at 10:15 pm to
Paper hands about to shake out.

42k is a spot to watch.
This post was edited on 5/16/21 at 10:30 pm
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
3749 posts
Posted on 5/16/21 at 10:25 pm to
All good, this is normal... Everything is fine....







Right?...
Posted by GeneralLee
Member since Aug 2004
13953 posts
Posted on 5/16/21 at 10:28 pm to
I just can’t decide if this is just a blip and BTC still rips later this year to $100K+ or if the bull run this cycle is now over and we’re staring at the next crypto winter.
Posted by Powerman
Member since Jan 2004
170967 posts
Posted on 5/16/21 at 10:32 pm to
Stupid question...why does the rest of the crypto market necessarily hinge on BTC?
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 5/16/21 at 10:33 pm to
Margin traders getting liquidated all the way to low 40s and then your scared folk. If bullish moonboyz don’t step in, (I think they will) prob a big slide lower.
Posted by Stagliano
Member since Dec 2020
1661 posts
Posted on 5/16/21 at 10:36 pm to
Ive got an offbeat crypto related question

Are any of you La baws familiar with a guy named Shawn Burst? He appears to live in the Mandeville area and is CEO of a direct mail marketing company called DirectMail.io

Also his wife is a local realtor

Anywho, he also happens to be marketing director for an alt coin I'm in. $MIL or Military.finance

Pretty interesting project with favorable tokenomics that donates part of their proceeds to veterans charities. I'm up $8k on it at the moment and it's still only in pre-sale. Doesn't officially launch till July 4th
Posted by GeneralLee
Member since Aug 2004
13953 posts
Posted on 5/16/21 at 10:38 pm to
It’s just what has happened historically at least, but who knows what the future holds. If $65K was the top this cycle, then ETH and all the alt coins ripping the past few weeks would have been the “alt season”.

BTC is very inefficient compared to other coins for transactions though. Seems like this will put a hard cap on BTC max value and lead to a decoupling of the alt coins from BTC at some point, but could be years away.
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 5/16/21 at 10:38 pm to
BTC is secure is my personal reason. Obviously it’s the 1st mover, but from a technical standpoint, bitcoins model is unbreakable IMO. I think this is why it will always have the most market share and drive the market.
Posted by LSU_TC
Member since Jul 2018
7 posts
Posted on 5/16/21 at 10:41 pm to
I know it's been discussed previously in this thread...I've done some research on stablecoin lending (Nexo / Celsius, etc.)

It still seems a little "too good to be true"...what am I missing? If you have fiat sitting on the sidelines, you would just buy USDC / USDT, etc. and move to Nexo / Celsius and get 10%+. I know Nexo touts $375M of insurance (but at 1.5M+ users per their website that's only about $250 per user).

Has anyone here had their money in these accounts for a good amount of time? Any problems so far?



Posted by Powerman
Member since Jan 2004
170967 posts
Posted on 5/16/21 at 10:41 pm to
Given how new the asset class is, I would postulate it's possible that historical cycles might not mean as much as we think. I don't think most of us here could have anticipated the 2 massive bull runs for BTC. We would all be rich if we had a clue on the timing.
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 5/16/21 at 10:41 pm to
BTC is not really that more “en-efficient”. The more valuable a POW coin is, the more it’s mined, the less it’s efficient.

IMO, power consumption is the latest FUD. No-one seems to give a shite about the energy us Fat arse Americans BURN for “entertainment”. BTC mining creates wealth at a factor unheard of compared to anything else on this planet and it ain’t close.
This post was edited on 5/16/21 at 10:43 pm
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