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Started By
Message
1
Posted on 8/13/21 at 3:20 pm to rocket31
I wonder what's the math on when all of it is bought, what that price is? Gotta assume it gets somewhat stagnant when all 21 million is consumed right?
Posted on 8/13/21 at 3:23 pm to rocket31
I am at the airport and there are three middle aged flight attendants sitting nearby. I hear one tell the others to look into polkadot. I think nothing of it. After a while it becomes quite evident they are talking about crypto. Brought a smile to my face.
Posted on 8/13/21 at 3:28 pm to 21JumpStreet
What happens when a valuable item is scarce my guy?
Posted on 8/13/21 at 3:35 pm to Oizers
quote:
I am at the airport and there are three middle aged flight attendants sitting nearby. I hear one tell the others to look into polkadot. I think nothing of it. After a while it becomes quite evident they are talking about crypto. Brought a smile to my face.
Yeah, that’s usually a sign to GTFO
Posted on 8/13/21 at 3:37 pm to 21JumpStreet
quote:We can worry about that in 100+ years when that actually happens.
Gotta assume it gets somewhat stagnant when all 21 million is consumed right?
Posted on 8/13/21 at 3:43 pm to TigerTatorTots
Yea i know. Just wondering if there was algorithms out there that predicts that. Also if you could see how many bitcoins are un bought and you cant even buy them from exchanges anymore?
Posted on 8/13/21 at 3:52 pm to Ross
Gap filled
Posted on 8/13/21 at 4:14 pm to 21JumpStreet
quote:
Yea i know. Just wondering if there was algorithms out there that predicts that. Also if you could see how many bitcoins are un bought and you cant even buy them from exchanges anymore?
I don’t think you understand what you’re even asking, but… about 90% of bitcoins have been mined. The last 10% are going to take a long time due to the ever increasing difficulty
Posted on 8/13/21 at 4:20 pm to TigerDeBaiter
Ok, so every single bitcoin that has been mined already pretty much already has an "owner" right? That's kind of what I'm asking.
Nvm thinking of dumb shite
Nvm thinking of dumb shite
This post was edited on 8/13/21 at 4:26 pm
Posted on 8/13/21 at 4:41 pm to 21JumpStreet
I’m sure there are plenty of lost bitcoins, so technically I guess some are not “owned”. Don’t know how many that amounts to or what that even means exactly TBH.
quote:
Nvm thinking of dumb shite
Posted on 8/13/21 at 5:25 pm to TigerDeBaiter
Some estimates are around 10% or so
Posted on 8/13/21 at 5:47 pm to Ross
quote:and you can now take that stETH, turn it into bETH on Terra and borrow UST against it on anchor protocol to earn net ~26% in ANC, and you can deposit that UST you borrowed to earn ~19.5% on it LINK
You basically exchange the token for stETH which is still liquid and in your custody.
ETA: will be able to do the same for solana eventually too
This post was edited on 8/13/21 at 5:54 pm
Posted on 8/13/21 at 5:56 pm to OneMoreTime
I am admitted ignorant of some of this, but seems very ponzi
Posted on 8/13/21 at 6:10 pm to TigerDeBaiter
It's just common liquidity mining programs. When Polygon was fresh out of the gate many protocols were pumping out lots of MATIC rewards so you could insane returns easily. Over time those rewards go down and go away. They're to incentivize adoption.
This post was edited on 8/13/21 at 6:11 pm
Posted on 8/13/21 at 6:10 pm to TigerDeBaiter
Very little leverage is involved with this run up according to Bloomberg
LINK
we haven’t yet hit the FOMO with leverage phase of this second run up so the true breakout is likely still to come
LINK
we haven’t yet hit the FOMO with leverage phase of this second run up so the true breakout is likely still to come
Posted on 8/13/21 at 6:15 pm to Ross
Aw yeah breathe it in deep
Posted on 8/13/21 at 6:26 pm to Ross
When do we say we will never see 40k again and etc?
Posted on 8/13/21 at 6:52 pm to 21JumpStreet
We shall crash again after the leveraged FOMO crowd gets liquidated but the question is where will be crashing to? 30s? 40s? 50s?
I’m no expert but it seemed institutional money was gobbling up everything around 28k-30k so perhaps they see this as the future floor after the crash. Perhaps they are off in their estimations if retail holds strong and given we are allegedly in the upper 40s with very little leverage I’m starting to wonder if the floor isn’t significantly higher than 30k post-crash. Will be interesting.
I’m no expert but it seemed institutional money was gobbling up everything around 28k-30k so perhaps they see this as the future floor after the crash. Perhaps they are off in their estimations if retail holds strong and given we are allegedly in the upper 40s with very little leverage I’m starting to wonder if the floor isn’t significantly higher than 30k post-crash. Will be interesting.
This post was edited on 8/13/21 at 6:55 pm
Posted on 8/13/21 at 7:19 pm to Ross
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