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re: Official CryptoTalk Thread

Posted on 6/22/22 at 7:34 pm to
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 6/22/22 at 7:34 pm to
That’s fine too
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41159 posts
Posted on 6/23/22 at 9:58 am to
sarcasm, I would believe China if they told me their flag was red & yellow
Posted by FlyinTiger93
Member since May 2010
3576 posts
Posted on 6/27/22 at 4:03 pm to
quote:

JUST IN: #Solana-based protocol Solend has voted to temporarily control the largest whale's account to mitigate liquidation risks.


Really surprised SOL has not completely tanked, after this. I don’t hold a lot, but want to get out ASAP. Just bought too high, compared to current values. Have to sit and watch, for now.
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 6/27/22 at 4:27 pm to
I'd have to look into it more, but it looks as if however they set up their lending platform that this "whale" was able to supply 95% of the liquidity with SOL. Something like 6 million worth.

These are the kinds of risks with DeFi people need to watch out for. This could happen on any chain with Defi. (Edit: but I am not sure how on the backend they can control his wallet if a smart contract was already executed?)

When I look at liquidity pools, I always try to see the wallet distribution. I dont like pools where a "whale" has more than 10%. This dude, somehow, was able to get over 90%.

LINK /

quote:

Proponents of intervention argued the Solend whale was no typical user. The account had parked 5.7 million SOL onto Solend, or over 95% of the pool's deposits. Against that, it had borrowed $108 million in stable coins – far more than anyone else.

If the liquidation price of $22.30 SOL hit, it would be liable for around $20 million. SOL is currently trading at $32.27.


A lot of times, these guys have gaps in their functionality and "whales" like this can exploit the system.
This post was edited on 6/27/22 at 4:34 pm
Posted by Jon Ham
Member since Jun 2011
28541 posts
Posted on 6/27/22 at 9:37 pm to
Crypto bros, what % of your investment portfolio do you think should be in crypto and what does a solid apportionment among crypto assets look like?

For example:

1% of your portfolio should be in crypto and that 1% should be something like:
60% eth
40% btc
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43296 posts
Posted on 6/28/22 at 8:23 am to
I'm currently putting a little more $ into crypto than my 401k, but my 401k is still much more substantial than my crypto portfolio because of time.

For general public I think most financial advisors say 5% crypto, and would be like 75%/25% BTC/ETH.


Personally, I am more risk tolerant and have a high degree of faith in the space. I have all of my crypto funds in ETH right now. Soon I'll probably take 10-25% and dole it out to altcoins I believe in.

My plan is.. Once we are back into a bull market, pull profits slowly over time (still need to work on the details of that), and hold profits in a stablecoins until next bear, where I can DCA those back in at bargain prices.
This post was edited on 6/28/22 at 8:23 am
Posted by Fox McCloud
Member since Oct 2020
3525 posts
Posted on 6/28/22 at 8:37 am to
Chainlink is now on Robinhood. CE Tiger you still bullish on that?
This post was edited on 6/28/22 at 8:38 am
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 6/28/22 at 9:50 am to
quote:

Crypto bros, what % of your investment portfolio do you think should be in crypto and what does a solid apportionment among crypto assets look like?

For example:

1% of your portfolio should be in crypto and that 1% should be something like:
60% eth
40% btc


I don't think anyone that isn't a straight up zealot about the space would recommend putting more than 5% of your net worth into it, and that's still towards the aggressive side of "conventional" wisdom.

For the casual person that just wants exposure in the event that it continues to explode, 1% of ones net worth is what I've seen suggested. I'd actually argue you should be weighted more heavily towards BTC than anything else within your crypto portfolio, but then again that's because I view BTC as by far the least risky crypto network to put capital into, followed by Ethereum. The SEC is gunning for the vast majority of other coins, and even if they weren't the vast majority of other projects provide no utility or utility that doesn't benefit from decentralization.
This post was edited on 6/28/22 at 9:51 am
Posted by BottomlandBrew
Member since Aug 2010
27065 posts
Posted on 6/28/22 at 10:02 am to
I don't know what percentage I am as far as apportionment is concerned, but I max out all of my traditional retirement accounts and throw a large chuck into my kid's accounts. Only then do I go to crypto. Kind of whatever is leftover.

I'm approximately 50/25/25 ETH/BTC/Other alts. I'm bullish on Ethereum, but I don't knock anyone else's thesis on what they value.
Posted by MrSpock
Member since Sep 2015
4328 posts
Posted on 6/28/22 at 10:24 am to
quote:

Crypto bros, what % of your investment portfolio do you think should be in crypto and what does a solid apportionment among crypto assets look like?

For example:

1% of your portfolio should be in crypto and that 1% should be something like:
60% eth
40% btc



I'll echo the others. The vast majority of my investments are boring arse low fee index funds and real estate.

My order of investment contributions:
Retirement Accounts
Brokerage Accounts
Real Estate Pot - For next property purchase
Kiddos College funds
Kiddos UTMAs
Crypto

I'm a little more risk tolerant than others on here regarding my distributions regarding alts and NFTs during a bull.

For the more passive crypto bro I'd recommend they lean more toward (50-75) ETH than BTC (20-25%) and throw some alts in there as well if you can stomach 25-50% swings. I prefer SOL as my main alt.




Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43296 posts
Posted on 6/28/22 at 10:28 am to
quote:

Chainlink is now on Robinhood. CE Tiger you still bullish on that?


Chainlink isn't going anywhere. Whether it accrues more value or not is anybody's guess; but I think it's about as good a bet as you can make.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80762 posts
Posted on 6/28/22 at 11:33 am to
quote:

Crypto bros, what % of your investment portfolio do you think should be in crypto and what does a solid apportionment among crypto assets look like? For example: 1% of your portfolio should be in crypto and that 1% should be something like: 60% eth 40% btc


This is going to be different for everyone.

For skeptics, I suggest somewhere between 2-5% of your investments in bitcoin. If 2% of your investments go to zero (its not going to zero), it isn't really setting you back much in retirement. On the flip side, if bitcoin takes off a decade down the road that 2% has the potential to turn into 20% of your investments through asymmetric upside.

Me personally - I'm young and believe in it heavily so I'm about 50% spread between owning bitcoin itself and then GBTC and MSTR through Roth IRA/HSA. That obviously ebbs and flows with bitcoin price appreciation and crashes.
Posted by TigerDeBaiter
Member since Dec 2010
10257 posts
Posted on 6/28/22 at 2:28 pm to
Please everyone go have a listen in here.

LINK
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80762 posts
Posted on 6/28/22 at 2:35 pm to
Is that a fake 3AC account?
Posted by TigerDeBaiter
Member since Dec 2010
10257 posts
Posted on 6/28/22 at 2:50 pm to
It’s got to be, right?

Obviously troll city, but maybe they’re saying frick it on the way out…
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80762 posts
Posted on 6/28/22 at 2:53 pm to
Fairly sure that is fake...they roped in 1000 listeners thought
Posted by TigerDeBaiter
Member since Dec 2010
10257 posts
Posted on 6/28/22 at 3:05 pm to
They’ve been doin a Q&A on how to profit in crypto. One solution was to simply take loans out and don’t pay back the loans. Pure profit. Simple. Next.
Posted by Jon Ham
Member since Jun 2011
28541 posts
Posted on 7/1/22 at 8:32 am to
Anyone here stake MATIC or know anything about it? I bought a little and am looking into whether it’s a good idea and if so best way to do it, including how to pick a validator.

Edit: Nevermind, once I got my bearings I realized it’s simple and really nothing to lose if you intend to hold long term. Am I seeing this right that average APY for staking through a validator is 8%? That’s a pretty sweet deal.
This post was edited on 7/1/22 at 2:46 pm
Posted by I Love Bama
Alabama
Member since Nov 2007
37694 posts
Posted on 7/2/22 at 9:00 am to
I am not a big believer in any centralized crypto (BTC only) but I have about 20 ETH that I bought back in early 2017 for peanuts.

Now that prices are dropping again, I am considering buying enough ETH (12 more) so I qualify to be a validator.

Is there anyone here with a high level of knowledge about the future of ETH and how to validate in such a way that I am never giving a 3rd party access to my ETH?

Also, how are validators paid? Do they just send ETH to your account monthly?

I've read that the expected returns to be a validator are around 9% per year. Is that accurate? How will those returns fluctuate as the network grows?
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10384 posts
Posted on 7/2/22 at 4:42 pm to
Your staking rewards will be adjusted according to the number of stakers and the number of transactions per day.

The more stakers the less you are rewarded because the fees are more spread out or diluted by more stakers.

The more people using the network, the larger the backlog and the higher the fees paid per transaction. This means a higher payout to stakers.

No clue how lock up periods will work.
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