Will Crypto Recover? | Technology | TORN
Will Crypto Recover?
    • Anarch_Nexus [2735811]
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    Thread created on 20:42:12 - 30/07/22 (6 months ago)
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    Last replied 14:29:06 - 10/08/22 (5 months ago)
    Ethereum is around 1.7k, up from dipping under 1k in most recent crash. Sol is 45, from 30. A lot of others are recovering as well. Rose is up to 8 cents from being below 2 cents for a while.

    In theory crypto should be a hedge against inflation, so when crypto market crashes due to inflationary conditions; easy to lose faith. However crash could just be knee jerk chain reaction of people selling who didn't want to hold throughout a dip. Will be interesting if it recovers or how fast.

    • Anarch_Nexus [2735811]
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    Posted on 16:22:36 - 31/07/22 (6 months ago)
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    Some good news during recession at least.

    https://www.theblock.co/post/160392/crypto-prices-continue-to-tick-upward-as-recession-fears-grow-the-week-in-markets

    Decentralize money creation, more interested in getting some Ethereum & pairing it with layer 2 chains than saving up dollar amounts in this atmosphere.

    • DeMe123 [2771572]
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    Posted on 17:00:00 - 31/07/22 (6 months ago)
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    Anarch are you a crypto nerd? You got any monkeys? :P

    • Anarchia [2632824]
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    Posted on 17:06:28 - 31/07/22 (6 months ago)
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    conspirationism and investments don't go well together my boy. stay safe.

    • biosterous [2377874]
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    Posted on 18:21:10 - 31/07/22 (6 months ago)
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    adding "terminal crypto brains" to the list of this guy's brainworms
    lol there is hidden alt text in torn? that is news to me
    • Sweeney_Todd [27468]
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    Posted on 00:33:48 - 01/08/22 (6 months ago)
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    Nope, you dickheads that thought they would make free money are gone... 

    I will never lie to you. What I say is how I feel...

    • Anarch_Nexus [2735811]
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    Posted on 01:20:38 - 01/08/22 (6 months ago)
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    DeMe123 [2771572]

    Anarch are you a crypto nerd? You got any monkeys? :P
    Crypto isn't much different from a browser video game with clicking, just instead of doing it for fake money you're not allowed to trade for real like this game; it's kind of the point you can trade for others; including dollar pegged crypto. (Ones more likely to hold value than meme coins if that's what you mean by monkeys; are smart chains like Ethereum; which are the fuel the game operates on & people need to use the network.
    Last edited by Anarch_Nexus on 01:23:44 - 01/08/22

    • DeMe123 [2771572]
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    Posted on 01:35:51 - 01/08/22 (6 months ago)
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    DeMe123 [2771572]

    Anarch are you a crypto nerd? You got any monkeys? :P

    Anarch_Nexus [2735811]

    Crypto isn't much different from a browser video game with clicking, just instead of doing it for fake money you're not allowed to trade for real like this game; it's kind of the point you can trade for others; including dollar pegged crypto. (Ones more likely to hold value than meme coins if that's what you mean by monkeys; are smart chains like Ethereum; which are the fuel the game operates on & people need to use the network.
    Thinking of crypto as a game is both bad and kinda accurate now that I think about it.
    On one hand it's bad to think of investing as some sort of game but on the other its mainly luck based, like a gambling game.
    Side note: I have like 5 cents worth of bannano because of free giveaways (bannano is like whatever the hell nano is but it's yellow and monkey)

    • Anarch_Nexus [2735811]
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    Posted on 01:39:54 - 01/08/22 (6 months ago)
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    DeMe123 [2771572]

    Anarch are you a crypto nerd? You got any monkeys? :P

    Anarch_Nexus [2735811]

    Crypto isn't much different from a browser video game with clicking, just instead of doing it for fake money you're not allowed to trade for real like this game; it's kind of the point you can trade for others; including dollar pegged crypto. (Ones more likely to hold value than meme coins if that's what you mean by monkeys; are smart chains like Ethereum; which are the fuel the game operates on & people need to use the network.

    DeMe123 [2771572]

    Thinking of crypto as a game is both bad and kinda accurate now that I think about it.
    On one hand it's bad to think of investing as some sort of game but on the other its mainly luck based, like a gambling game.
    Side note: I have like 5 cents worth of bannano because of free giveaways (bannano is like whatever the hell nano is but it's yellow and monkey)
    Well, it is like a game. Just like when you're at the casino you're playing games with real money. People shouldn't risk what they're not willing to lose.

    Also realized you probably mean those Ape NFTs. Just a few free bored ape promo NFTs I've randomly found in my wallet free. lol

    However some spend a bunch on videos games with no chance of it paying off, Crypto people can at least make a return if they play it smart & they're not unlucky.
    Last edited by Anarch_Nexus on 01:42:34 - 01/08/22

    • Blunt [2076337]
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    Posted on 01:55:38 - 01/08/22 (6 months ago)
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    The recent uptick is likely a fake out. I'd bet we see BTC price hit MAYBE as high as the weekly EMA around 26k, before heading back down. Could take several weeks, but thats what im looking at.

    We won't see a full on recovery for another 1.5-2 years based on BTC cycle theory. The next halving won't be until May 2024 or so, which should decrease supply into the market, sparking an increase in value/demand.

    Overall though, I'm using the next couple of years to dollar cost average in and build my portfolio. Tale advantage of the discounts while ya can!
    • Anarch_Nexus [2735811]
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    Posted on 02:28:36 - 01/08/22 (6 months ago)
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    Personally I like crypto I can have in use to keep generating more, which is another reason smart chain ones like Ethereum are useful. I consider crypto a game to see if one can break free of the financial system & keep generating crypto of value from ones owned where getting a paycheck doesn't matter anymore..

    • Anarch_Nexus [2735811]
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    Posted on 12:25:50 - 01/08/22 (6 months ago)
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    Common way to earn interest on crypto is providing liquidity on 2 assets. However usually averages it between the 2, so can end up with less of one & more of another.


    Am trying out some balancer pools to see how they go. Have a pool of USDC/Eth/Btc, gains some APR & trade fees, but can also withdraw it all one of 3 if on a dip compared to others & want that. I’ve seen some creations which combine up to 8 assets into liquidity. A lot to do with crypto beyond just holding & hoping price increases enough to sell at a big profit.

    Common example on downsides of LP would be if one asset goes up a bunch compared to the other; will cost average with the other as it goes up. If you have BTC paired with crypto pegged to the dollar and it goes up 30%; you'd have less BTC than you put into the LP; but more dollars. So is possible you'd profit more just holding it. Also cost average if one goes down, so if we use BTC example again; if it goes down; you'd end up with more BTC in the LP; but less dollars. So also balances risk somewhat, by doing so losses aren't as big if it drops a lot if paired with something stable. Not a big deal the LP loss and gain thing if you don't mind more of either. Where it gets risky is if you pair with something which could go to zero value; then you could have trillions of those & the other asset reduced to near zero.
    Last edited by Anarch_Nexus on 12:44:44 - 01/08/22

    • Anarch_Nexus [2735811]
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    Posted on 13:58:35 - 01/08/22 (6 months ago)
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    I put some of my ethereum in a balancer pool with BTC & USDC last night in case of a dip (Actually converted Ethereum into the other 2 as well when I made it; so bought them.). Even with Ethereum & BTC down like 2%; was like 146.6 USDC as 1 third the value. Was $147.01 when I started making this post, but went to 147.45 as I was making this post. Has 148 worth bitcoin and 147 worth ethereum in it as well. So possible for it to go up even when market is moving sideways or slight dip.

    So far the balancer pool looks like it's working good.

    • Anarch_Nexus [2735811]
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    Posted on 13:08:57 - 03/08/22 (6 months ago)
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    Some think Ethereum Classic could benefit from the upcoming Ethereum merger. Will make everyone's mining gear obsolete, so more are supporting Ethereum Classic and bridge to it now.



    I have no idea if it will, but got a few green crystals as my stake to use the chain.

    • Ripley [2180244]
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    Posted on 07:02:58 - 05/08/22 (5 months ago)
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    Anarch_Nexus [2735811]

    Crypto isn't much different from a browser video game with clicking, just instead of doing it for fake money you're not allowed to trade for real like this game; it's kind of the point you can trade for others; including dollar pegged crypto. (Ones more likely to hold value than meme coins if that's what you mean by monkeys; are smart chains like Ethereum; which are the fuel the game operates on & people need to use the network.
    And just like a browser video game, it creates no value for anybody, and your participation in it won't be rewarded by any economic system.
    • Anarch_Nexus [2735811]
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    Posted on 14:02:44 - 08/08/22 (5 months ago)
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    Eth is over $1800, Bitcoin over 24k. Whole Crypto ecosystem up. Rose is over 10 cents.

    • pilvlp [2796461]
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    Posted on 14:29:06 - 10/08/22 (5 months ago)
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    Yes, eventually. Same with the stock market. 

    ETC is ass.
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