Bitcoins/Litecoins/Virtual Currencies

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Jysin

Jysin

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Crypto bounced because the stock markets have. Plain and simple. There is no technical reason for any crypto relief today, other than stock market bounce.

Until some specific coin has a catalyst for a real move higher, they're bound to market moves for the time being.
 
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Lightning Lord Rule

Il_Duce Lightning Lord Rule

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Jysin said:
Crypto bounced because the stock markets have. Plain and simple. There is no technical reason for any crypto relief today, other than stock market bounce.

Until some specific coin has a catalyst for a real move higher, they're bound to market moves for the time being.
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Agreed. And when I say 'technical' it's literally just looking at what tradingview is saying for the support levels on the various charts (1min, 5min, 1hr, etc).

I also read some of the 'ideas' that people post there, but most of them are all over the place and I don't think ANY of them are talking about this correlation with the overall market. Because of that I look at most of them as just noise.
 
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LachiusTZ

LachiusTZ

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Remember when crypto was excited about the "institutional herd"?

Well, this is the result.
 
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T

Torrid

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1643072860731.png
 
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Zzen

Zzen

Potato del Grande
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Damn, Saylor is so cringe.

Him being on their side must be really tough for the crypto bulls.
 
Rajaah

Rajaah

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Lightning Lord Rule said:
Apparently they're having network issues that cause it to go down for some periods. Haven't looked too in depth at it cause it looks like junk to me, but having what amounts to outages spooks people methinks.
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That makes sense, because from the way SOL is moving compared to other dipped things, I'm not getting the impression that it has anywhere near the consumer confidence that the other major coins on my radar have. Looks like a lot more people are abandoning ship than buying the dip.

I was THIS close to buying a bunch of SOL back in Sept, so I guess I dodged one bullet.
 
Arden

Arden

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The possibility definitely exists that the top coins that end up "making it" if (when) crypto gets mass adoption and ends up powering Web3 aren't in the current top ten or maybe even haven't been created yet.

The current top "use case" coins (ETH, BTC, SOL, etc) all have pretty serious issues.
 
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Arden

Arden

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Torrid said:
sounds like more kicking the can down the road to me
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I haven't seen anything indicating they are extending timelines or changing objectives. Everything I've seen just says they are changing the terminology. Did I miss something or are you just doing Bitcoin Maxi stuff?
 
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Lightning Lord Rule

Il_Duce Lightning Lord Rule

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Arden said:
I haven't seen anything indicating they are extending timelines or changing objectives. Everything I've seen just says they are changing the terminology. Did I miss something or are you just doing Bitcoin Maxi stuff?
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Agreed. That's what the linked article says if you read it. The headline is very misleading.
 
Flobee

Flobee

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Arden said:
I haven't seen anything indicating they are extending timelines or changing objectives. Everything I've seen just says they are changing the terminology. Did I miss something or are you just doing Bitcoin Maxi stuff?
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Look into the history of Eth 2.0. Its not "Maxi stuff" to accurately describe the continued delays to this "upgrade". They're changing definitions for a number of reasons I'm sure, but one of which is probably that they've been promising 2.0 or "consensus" layer by the 'end of the year' since at least 2019. Now its 50% complete.

EDIT: Here is a Twitter thread documenting every single Eth 2.0 delay. You can call it "Maxi stuff" if you want, but its simply documentation of factual events

 
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Arden

Arden

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Flobee said:
Look into the history of Eth 2.0. Its not "Maxi stuff" to accurately describe the continued delays to this "upgrade". They're changing definitions for a number of reasons I'm sure, but one of which is probably that they've been promising 2.0 or "consensus" layer by the 'end of the year' since at least 2019. Now its 50% complete.
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I'm familiar with the history of ETH 2.0. From what I'm seeing the only change they are announcing is the name change. Not the timeline or the goals. I was trying to figure out if Torrid had information I hadn't seen yet, or if it was just an assumption based on his BTC bias.

I'm not emotionally invested either way, but I do like to gather as much information as I can. I've just learned that when you get information from a maxi (any maxi) you've got to be really careful about taking it at face value.
 
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Flobee

Flobee

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Arden said:
I'm familiar with the history of ETH 2.0. From what I'm seeing the only change they are announcing is the name change. Not the timeline or the goals. I was trying to figure out if Torrid had information I hadn't seen yet, or if it was just an assumption based on his BTC bias.

I'm not emotionally invested either way, but I do like to gather as much information as I can. I've just learned that when you get information from a maxi (any maxi) you've got to be really careful about taking it at face value.
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Saying its 50% done is a change to the timeline so far as I'm aware. I don't pay much attention to ETH stuff these days, but last I heard PoS was supposed to merge to the main chain late 2021 to early 2022. 50% is a far cry from that.
 
LachiusTZ

LachiusTZ

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Hard things are hard, and take longer than expected.

Also on tonight's news, water is wet.
 
Flobee

Flobee

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LachiusTZ said:
Hard things are hard, and take longer than expected.
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We could stop climate change, keep donating, just a few more years
We could stop racism, vote for us again, just a few more years
We're gunna fix income inequality, 50% there!
We're gunna stop the spread, just a few more weeks

Hard things are hard, but sometimes you're getting scammed. You'd think people would be getting better at noticing the difference at this point.
 
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T

Torrid

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Well for starters, the June 2022 date was only recently set in December in an 'upgrade' they ironically (or appropriately) called 'Arrow Glacier' which sole purpose was to delay the 'ice age' yet again. So this timeline they're supposedly adhering to was set all of a month ago.

Secondly, calling the proof of work chain a layer and using a Dragon Ball Z fusion dance meme suggests that it will not go away. ETH2's proof of stake chain was supposed to replace it. Furthermore doing a rebrand of sorts a mere 5 months from the merge just to 'avoid confusion' after years of using ETH2 nomenclature seems odd.
 
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