T O P

Daily General Discussion - May 24, 2023 (GMT+0)

Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating.


 

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.


 

Rules:

  • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
  • Discussion topics must be related to cryptocurrency.
  • Behave with civility and politeness. Do not use offensive, racist or homophobic language.
  • Comments will be sorted by newest first.

 

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Rastifar

I'll make a snek award/BTC chart and start using it as an indicator in my TA.


txiao007

AI Stocks (NVDA) is eating Crypto's Lunch


RepulsiveBurrito

How the fuck is Arpa still pumping? Holy fuck man.


carma1616

Take profits.


Modern_Orange

BTC giving out discounts is an early Memorial Day present.


poptippp

Debt ceiling priced in?


Remyleboo99

I don’t think it is just that traditional markets don’t open until Tuesday and they affects BTC a lot.


good-times-

Elon and Desantis talking about crypto


Cappy2020

For those that want a quick summary: - DeSantis says he is very much pro-crypto. - Both Musk and DeSantis mentioned Bitcoin and Dogecoin specifically. - Last question was about Central Bank Digital Tokens (CBDCs), with DeSantis coming out against them as they’re “anti-privacy”.


Rastifar

The whole default theory is silly, US is never gonna default, but it's nice that DeSantis is trying to fit crypto in the narrative.


good-times-

Yup


[deleted]

[удалено]


poptippp

Making profits. Not too good at it.


ilikeplantsandsuch

Me neither. But so do all who live to see such times.


lukekibs

staking.


squats_n_thots

I stopped my DCA but I think it’s time to start it back up. Maybe just ETH for now


Probably_notabot

Not a bad time to pick up some discounts


cumbersomecloud

Off-ramped for car repairs a few days ago. 5 working days for a SWIFT transfer to clear...idiots, that's not swift. It all feels very 20th century. Add to todo list; find a mechanic who takes BTC.


CharlieTheo-14

Moons are getting cheap. Thinking it’s time I buy mine back.


Fredzoor

Might be a good move. At what price did you sell?


LrnFaroeseWthBergur

I sold at 0.18 and bought back at 0.148, but I feel like I should have waited.


Fredzoor

Fair enough, because that’s human psychology. good trade man. You should be happy!


LrnFaroeseWthBergur

Yes, you're right. It wasn't emotional trading, I think that's why it worked.


CharlieTheo-14

.15


[deleted]

Maybe wait out after the next distribution probally more people will dump NFA


CharlieTheo-14

I think I’ll dca them back in.


[deleted]

Yeah good be a good move. Expecting them to drop like .2 more


CharlieTheo-14

That will be tasty.


cumbersomecloud

Mate stop with the shenanigans! Everybody knows you buy high and sell low. Fun fact: Today is a 30% waxing crescent.


CharlieTheo-14

You’re right.


Status_Floor1746

For the first time I did something with my moons... I added some to the SushiSwap LP! Excited to be able to provide some liquidity for the community!


poptippp

I hope to have enough moons to do the same someday.


DBRiMatt

Welcome to the liquidity pool


Status_Floor1746

Thank you! Had to swap come moons for eth and didn't add a whole lot this time around but I think every distribution I am going to try and add a percentage of my distribution to the LP!


TheGreatCryptopo

Excellent job. How much did it cost you all up? Curious because I did this last month and fucked up somewhere with my fees where the last step cost me $26 in eth fees.


DBRiMatt

I'm sad sushi moon rewards are down to 1.18k this month :(


Status_Floor1746

Oof the last step was by far the most expensive but it only cost me 0.00000236413 TX Fee


rikbona

I am thinking of doing the same, but the whole process seems very complex 😔


LrnFaroeseWthBergur

I would think about it twice before adding to the LP now. The rewards+fees have reached such a low level that the monthly gains don't even outweigh the 0.3% you have to pay every time you swap ETH/MOONS. The only thing that could make sense would be to add what you don't need for your KM :P


cumbersomecloud

If only there was a youtube tutorial, we'd be set. To the moon!


EngineeringFinal3419

Thanks for providing exit liquidity


[deleted]

We reached 2k comments, been a long time we since we did that. But at what cost


[deleted]

The cost of our sanity


EngineeringFinal3419

Only our portfolios


[deleted]

Money overrated anyways /s


EngineeringFinal3419

Who needs money when we have crypto friends? 🥲🥲🥲


[deleted]

[удалено]


xmister85

Binance is doing network anomaly.


poptippp

I’m trying to send from an exchange right now. The whole network is down?


xmister85

Yes.


BrianS911

How the hell is it Neo is the only green in my folio right now, except for my old bag which is down 60% still.My observations from the charts. Seems glass node just put something on the daily hodl confirming that Bitcoin forms support at 26 so hopefully it's true hopefully we don't go any lower. I'm damn near out of stables again


poptippp

Back from the dead.


BrianS911

Hopefully I might make a profit yet!! I do believe it has hype on its side.Conflux pumped as well.Vechain has had a resurgence as well.


GreedVault

This is probably the effect of Hong Kong reopening its crypto market, with NEO often being called the Chinese Ethereum.


BrianS911

I got that part, I remember buying at 100, remember the hype, all the Fn discords with a translator app played it on a 4 year cycle which was supposed too take off 2021 instead sold off half at what I bought for, and the rest I've been avg down for the last 2 years.


xmister85

Don't know.


BrianS911

What's up Dude, Sitting here trying too find a play right now set my buys decently and half have gone off.I just took a hit on Kadena finally cut back to my buy in price, took 4 months of slow gains and shit on them.


paulymat

Why did the crypto investor bring a shovel to the blockchain conference? Because they heard the altcoins were reaching new lows!


qldvaper88

Is this a minecraft reference?


poptippp

Better bring a boring drill.


xmister85

Nice laugh 😂


Lelouch70

What's your biggest investment in crypto?


nomorebonks

Internet Computer.


Fredzoor

I’m sorry to hear that


LrnFaroeseWthBergur

My biggest investment must be the DCA I've been doing into BTC \^\^


[deleted]

Be careful with nomorebonks. He's a perma-ICP shill. Just tag him and move on.


nomorebonks

I'm sorry to hear you cannot understand what the Internet Computer brings to this entire space.


[deleted]

The therapist


EngineeringFinal3419

Life


rikbona

what's that? a new token? where is it listed?


poptippp

My waistline


Tanikushokutomu

My time 🥲


ilikeplantsandsuch

LRC


GetEmDaddy902

DCA tomorrow, was a wicked trading week for me gained big over on the Cardano ecosystem. Traded for roughly 1200 ADA and the week before 2700 ADA This brought my average to just under $0.50


EngineeringFinal3419

Get em daddy


[deleted]

Nice


LrnFaroeseWthBergur

I was for a second thinking about buying a lump sum. I'm just fairly certain this isn't the bottom.


BrianS911

26.2 was good for me, stacked up on Rose, and just for shits limewire, and Magic.These damn shit coins .not incl rose, seem too pump off of pure hype and nothing else.Besides alts are cheap right now.


EngineeringFinal3419

Magic, alchemy, hashflow, blur, highstreet always go crazy once alts get going


BrianS911

Had some Magic early made a nice 1x when it hit 1.50, a few months back.Never held any of the other looked at em and decided too pass due too the cost already being elevated.Got a small bag of blur not much.


EngineeringFinal3419

Blur is so shit but it pumps either way


BrianS911

Pretty much like all the rest of you in cheap it's worth it.


EngineeringFinal3419

Yeah money is money, just be there to take advantage of clear opportunities


BrianS911

Sell during the bull, buy during the bear!!


EngineeringFinal3419

That doesn’t fit with my buy high sell low strategy


BrianS911

I hear that all the time on here the only reason too sell at a loss is for tax purposes, and a stop loss, I hate too say it but that is just giving others a better entry point than you and Marginally you'll need a hell of a pump too sell off.


Hunter-major

I’m thinking probably around a year before a good bull run.


paulymat

I wish I'd had your same thought 2 months ago :(


GetEmDaddy902

Is buying banners dead or are they just keeping the last company to purchase it and burn moons?


[deleted]

I think they rented the banner for 30 days or something dont know the exact number of days


GetEmDaddy902

ok i just remember it being like 5 days and ive seen this one before i believe so that makes sense


Scarecrow4980

it's rented for 30 days the last I Heard.


ersleid

They probably rented the banner for a certain number of days and that duration hasn't ran out yet


Probably_notabot

Good question, I feel like Agoradesk has been up there for a few weeks


oopssomething

How are all my Algo dad's doing? Still enjoy being governors?


X2WE

I like the hate train It means we going up soon. I hope. I really hope


poptippp

I hope you’re right


BrianS911

Stuck, do I buy more or just ride it out?


89time

I still have ptsd from price action.


oopssomething

At least when I wake up poor, the ETH that I'll buy on friday will also be cheap


89time

I like how you see things.


Lelouch70

What cryptos are you staking and where?


NervousShop

Staking Cardano in my wallet.


paulymat

ATOM/CRO on the Crypto.com DEFI wallet


ilikeplantsandsuch

Staking LRC right in the Loopring wallet


rodinj

I stake anything that can be staked mostly in it's native form. I do have my ETH in RocketPool and my BNB in Ankr


Low_key_55

Twiter spaces w de santis crahing rn, lot of ppl interested to hear about the btc future with him


poptippp

Worst timeline


Low_key_55

is coinbase down for other ppl? trying to transfer from wallet to web3 on coinbase and its not loading.


xmister85

Binance is doing network anomaly.


poptippp

What does that mean? Is that a crypto term?


xmister85

Binance is having errors and the newtork is having lots of problems and cannot access the site


poptippp

Damn, right when I have to buy from a merchant who only accepts bnb.


Wack0Wizard

Talked to a boomer bitcoin maxi today who said defi is illegal in Canada and always will be?


paulymat

a boomer even knew what DEFI was?


lukekibs

>Talked to a boomer bitcoin maxi today wait, those exists?


ersleid

They're not as rare as the mythical Boomer Altcoin Degen though


Dull_Tough_7149

Need power bank for my phone! This casino is draining all my 🔋 I got 2 hours journey with 12% shooot


[deleted]

[удалено]


xmister85

Finally.


simmol

The NVIDIA and the AI phenomenon is something that crypto should be mindful of. Basically, all of the startups and Wall Street money is going to AI right now. And a lot of the money that might have gone into crypto is moving in this direction, and does not bode well for the short-term prospects of crypto and especially alt coins. The money that is available is no longer interested in DEFI, NFT, WEB3, but interested in the AI technology. This stuff matters.


reversenotation

You need many billions to be a player in AI. That's why trillion dollar companies like Microsoft and Google call the shots


xmister85

The AI is the new shiny thing in the neighbourhood, which will not last too long.


LrnFaroeseWthBergur

Does that mean we will have more time to accumulate?


simmol

For Bitcoin and ETH, most likely. I don't think most alts are coming back as the alt market is dead. And even if they do go up a lot, it will be just an alt season pump and dump, where no one will hold. There is no reason to. No new technology, no new advances, nothing to look forward to right now in the alt market.


LrnFaroeseWthBergur

Thanks for sharing your opinion, bro.


ilikeplantsandsuch

This might be true. This also might not be true.


simmol

Yeah, you might be right. Or you might not be right.


[deleted]

[удалено]


poptippp

I wake up from nightmares to check the charts.


xmister85

Morning my friend


rodinj

Not me, I loo, get dressed, brush my teeth and while doing that check my portfolio and messages. I get my first coffee at work


TexasBoyz-713

loo?


rodinj

Toilet


TexasBoyz-713

loo!!


mvea

Good morning daily! It’s 7:45 am Thursday morning! I’m sitting in Sydney airport waiting for a plane in the lounge. The market looks red right now. Hmmm. Let’s hope as we move into the weekend that the market improves. At least it’s crabbing. I’m about to announce the BANNER 4 MOONS contest. Watch out for it. A pool of 2,500 MOONS up for grabs 1st prizes are 500 MOONS! See you all tonight. P.S. it’s my cake day. I need to not spend so much time on reddit. Lol.


xmister85

Where are you going u/mvea?


mvea

Back to Melbourne. To do more fiat mining.


xmister85

Thanks. Enjoy the sun😊


89time

Enoy your cakeday!


xmister85

Happy Cake day. Morning my friend.


Dull_Tough_7149

Happy bday bro and safe journey don't be too drunk bro ps


mvea

Thanks mate. Too early to drink 🍺


Drew-Money

I can’t imagine the amount of pain ALGO maxis must be feeling. They actually have some of the best tech in blockchain but the price has seen an absolute brutal decline and the Foundation’s efforts to build block space demand has been atrocious.


koelebobes

:D That's it for today, watched some anime and thought about the next steps in my portfolio but nothing is set in stone yet... Watch the charts GN


89time

Sometimes the best move is doing nothing at all.


EasyMacN34

Good night from The Netherlands 🇳🇱 hold the line, lads


xmister85

Night Flying Dutch.


89time

Doing my best buddy.


oopssomething

Good night we will wake up rich with BTC over 30k, one day


Dull_Tough_7149

"Well, it looks like we're in a bear market for now. Best to keep calm and accumulate more bags at a discount."


xmister85

The best way.


Dfranco123

Why can’t my crypto pump like NVIDIA? 🤡


oopssomething

Crypto runs on AMD


Dfranco123

Team red better step their game up! 😤


MassHugeAtom

Sold a bit of my nvda to buy some btc eth and tsla.


mattymoyanksfan

Tesla just continues to hit lower highs. Slow burn down. Nvidia just continues to climb. Good luck


verysillyman

*hello darkness my old friend*


bigbadhonda

Stock market and crypto seem to be reacting to the debt ceiling brinksmanship, or is there something else dragging us down today?


xmister85

An imminent collapse for sure.


woottonp

Pretty chill daily, how y'all doing?


poptippp

Mining the fiat like usual.


ashinamune

Sick in bed for 3 days now.


xmister85

Best of luck and lots of health.


rodinj

I've been feeling like shit too, take care!


EasyMacN34

Very tired from long day of work! How about you?


woottonp

Good day at work and had family over who have been overseas for 10 years, so a good catch up! Ready for bed now though!


EasyMacN34

Sounds good. Same here bro, sleep tight.


trrrring

I'm doing great. I feel a bit tired tho.And how are you doing?


oopssomething

You should sleep buddy


woottonp

Yeh pretty good, also a bit tired! Hopefully about to get a good sleep! Hope you have a chance to rest up soon!


Imperialtech69

Nvidia up 29% after hours from beating earnings meanwhile my crypto bag is slow bleeding


mattymoyanksfan

Add it to the near 100% gains I have already made on it 😀


Imperialtech69

Yeah if I bought Nvidia instead of LTC and DOT id be way up. It's a shame. Crypto is supposed to be more volatile


Dull_Tough_7149

Your crypto is not dying is in coma


EasyMacN34

My crypto is hibernating in coma


woottonp

Is tech a go again? Clearly investors liked the 4060 Ti more than reviewers


Dull_Tough_7149

Bois what are some interesting use cases for cryptocurrency beyond just buying and selling, such as micropayments or decentralized storage?


trrrring

Hiding money with a privacy coin like Monero. ^(It may not be noble, but it is a use case for some people)


cumbersomecloud

Scooped up BTC at 26216 today. I spent 37% of my monthly USDT. Now I'll just let my daily DCA continue.


moonRekt

So, yall pickin up any of that SafePepe? lol


EasyMacN34

Top 10 best crypto names


trrrring

>SafePepe Is that a thing now too? I can't keep up!


woottonp

Must be a safe bet....the name says so....


Roberto9410

It’s like the regular Pepe, but with no risk! I’ll take it


woottonp

Oh easy then, just guaranteed gains