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re: Official CryptoTalk Thread

Posted on 8/14/22 at 1:51 pm to
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 8/14/22 at 1:51 pm to
Posted by I Love Bama
Alabama
Member since Nov 2007
38323 posts
Posted on 8/14/22 at 1:59 pm to
quote:

#theflippening


shut your whore mouth
Posted by FnTigers
Member since Sep 2021
1949 posts
Posted on 8/14/22 at 3:42 pm to
quote:

boomtown143
Soon!
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43473 posts
Posted on 8/14/22 at 5:28 pm to
That's a real positive sign of how serious they're taking node security.
Posted by FnTigers
Member since Sep 2021
1949 posts
Posted on 8/14/22 at 8:06 pm to
quote:

That's a real positive sign of how serious they're taking node security.
He'll do anything possible including delaying the launch to make sure this isn't SOL 2.0.

It's hard to wait, but security is top priority.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43473 posts
Posted on 8/14/22 at 8:33 pm to
I think we have an interesting window into forking Ethereum mainnet coming up after the merge, and seeing what protocols do with ETHPoW

Not apples to apples, ofc, but maybe a glimpse.
Posted by Jon Ham
Member since Jun 2011
29411 posts
Posted on 8/16/22 at 10:44 pm to
I got in ETH @ $1,173 and DOT @ $6.91. I just sold most of those holdings for cash and swapped the remaining for BTC.

I have reduced my crypto holdings to about 1% of my portfolio (it was at about 2%) and that 1% is about 55% BTC and 45% MATIC.

I’m guessing equities and crypto are going to go down in the near/medium term and I wanted to capture profits and get a little more conservative.
This post was edited on 8/16/22 at 10:46 pm
Posted by BottomlandBrew
Member since Aug 2010
28491 posts
Posted on 8/17/22 at 7:30 am to
quote:

I got in ETH @ $1,173


Not too bad of a profit, but dropping ETH right before the merge?
Posted by JayDeerTay84
Texas
Member since May 2013
9853 posts
Posted on 8/17/22 at 8:04 am to
quote:

Not too bad of a profit, but dropping ETH right before the merge?


Once the merge happens, isn't all the ETH that was locked up released?

Posted by BottomlandBrew
Member since Aug 2010
28491 posts
Posted on 8/17/22 at 8:14 am to
No. It's still locked for an undetermined amount time period. Estimates are for 6-12 months, but no firm timeline has been announced. It will then be unlocked in a controlled manor. That said, there are some ways you can stake and still be somewhat liquid prior to the unlock, such as through Rocketpool. I hold rETH, which can be swapped for ETH at anytime, assuming there is liquidity in the market.
Posted by Jon Ham
Member since Jun 2011
29411 posts
Posted on 8/17/22 at 8:42 am to
quote:

Not too bad of a profit, but dropping ETH right before the merge?


I think there’s a good chance the merge is baked into the price for the most part. Sort of buy the rumor sell the news situation. I think there’s more near term downside than upside, with or without the merge. If I’m wrong, I’m still happy with taking the profit. If I’m right, I’m really happy I took the profit and can potentially buy back in at lower level.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43473 posts
Posted on 8/17/22 at 9:32 am to
quote:

but no firm timeline has been announced


It was initially slated for 6-12 months like you've mentioned, but it's looking more and more like EIP-4844 will come first to unlock super cheap transactions on rollups with not a lot of work on the L1 devs. So, unlocking Ether could come closer to 12 months, or 12-18 months, IMO.

And yes, it will be unlocked in batches.
Posted by JayDeerTay84
Texas
Member since May 2013
9853 posts
Posted on 8/17/22 at 9:33 am to
quote:

No. It's still locked for an undetermined amount time period. Estimates are for 6-12 months, but no firm timeline has been announced. It will then be unlocked in a controlled manor. That said, there are some ways you can stake and still be somewhat liquid prior to the unlock, such as through Rocketpool. I hold rETH, which can be swapped for ETH at anytime, assuming there is liquidity in the market.



Ah ok. Yea I was a bit concerned about that, but I dont hold ETH so didn't put too much thought into it.
Posted by BottomlandBrew
Member since Aug 2010
28491 posts
Posted on 8/17/22 at 5:03 pm to
I'm just busting your balls. I'm more inclined to go with your line of thinking. Taking profits now is the good short term move.
Posted by LordSaintly
Member since Dec 2005
40678 posts
Posted on 8/17/22 at 11:24 pm to
I feel like ETH is going to dump once the merge happens
Posted by JayDeerTay84
Texas
Member since May 2013
9853 posts
Posted on 8/18/22 at 7:12 am to
quote:

I feel like ETH is going to dump once the merge happens


Aren't more staking pools expected to open up post merge?
Posted by BottomlandBrew
Member since Aug 2010
28491 posts
Posted on 8/18/22 at 7:49 am to
My amateur thought is it may wick down very quickly, but I don't see a sustained dump. You'll have your typical sell the news thing, but it will very quickly get gobbled up. Miner sell pressure will vanish in an instant and you have institutional money waiting on the sidelines for a successful merge. Just my two cents, with isn't worth two cents.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21059 posts
Posted on 8/18/22 at 10:49 am to
what's ya'lls take on that Canadian rule that basically picks favorites in the crypto space and limits investments in others? Looks like the exchanges are on the hook to enforce for the time being:


quote:

Canada-based crypto exchanges Bitbuy and Newton are enforcing a 30,000 Canadian dollars annual “buy limit” for “restricted coins” for their users based in Ontario in order to “protect consumers” amid tightened regulations.


quote:

Under the new changes, Ontario-based crypto traders on Newton and other Canadian crypto platforms will be subject to an annual 30,000 CAD “net buy limit” on all cryptocurrency coins excluding Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), and Litecoin (LTC).


LINK
Posted by Ross
Member since Oct 2007
47825 posts
Posted on 8/18/22 at 9:08 pm to
(1) I think lumping BCH and LTC as one of the "good" investments akin to BTC and ETH and over options like SOL is hysterical and shows an ignorance over the space.

(2) I find this to be crazy overreach and evidence of a nanny state for our brothers up north.

(3) I'm not sure how you can't just buy ETH on an exchange and use a DEX to buy as much of whatever token you want. They gonna just blacklist anyone who interfaces with a smart contract? Then what's the purpose of Ethereum existing as a viable investment in their mind?

(4) We haven't even gotten to CBDCs yet and we've got governments putting limits on how much of certain items you can buy. Yeah, we should totally trust the government and associated agencies not to abuse that power once they have the complete authority to turn off your wallet.
This post was edited on 8/18/22 at 9:19 pm
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 8/18/22 at 9:15 pm to
sol has fair to good odds of making it another round imo.
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