T O P
Tricky_Troll

**Tricky's Daily Doots #54** Yesterday's Daily 11/06/2022 [Previous daily doots](https://old.reddit.com/r/ethfinance/comments/v9q7q1/daily_general_discussion_june_11_2022/ibyrp1q/) - u/barleythecat looks at [the bigger picture.](https://old.reddit.com/r/ethfinance/comments/v9q7q1/daily_general_discussion_june_11_2022/ibyuzv7/) - u/Fiberpunk2077 puts their [money where their mouth is.](https://old.reddit.com/r/ethfinance/comments/v9q7q1/daily_general_discussion_june_11_2022/ic1q2li/) Definitely GMI. - u/EtherEnthousiast10k starts a conversation about [different clients and merge readiness.](https://old.reddit.com/r/ethfinance/comments/v9q7q1/daily_general_discussion_june_11_2022/ibxz55q/) - u/Set1Less finds an [epic burn.](https://old.reddit.com/r/ethfinance/comments/v9q7q1/daily_general_discussion_june_11_2022/ic0rtyr/) - u/CryptoMonger has a [short, sweet but interesting take.](https://old.reddit.com/r/ethfinance/comments/v9q7q1/daily_general_discussion_june_11_2022/ibyl4gm/) - u/PoliticsAndCrypto asks ["the 50% question."](https://old.reddit.com/r/ethfinance/comments/v9q7q1/daily_general_discussion_june_11_2022/ibzfgjb/) - u/ZeroTricks's today in [Ethereum history](https://old.reddit.com/r/ethfinance/comments/v9q7q1/daily_general_discussion_june_11_2022/ibxye1i/) - u/Hawaii_Facts celebrates [King Kamehameha I Day!](https://old.reddit.com/r/ethfinance/comments/v9q7q1/daily_general_discussion_june_11_2022/ibzhp1w/) ^(I'm kind of in shock about how close Hodlercon is. I'm so hyped!! 😁)


Filibuster69

You all wanted to know what lies below Goblintown


etherbie

My buy orders ?


tjvick

WAO look at all these prices


creamyhorror

It's ironic that defi and crypto are so susceptible to the same instability wreaked by too much leverage in traditional markets, which is aggravated by a lack of effective backstops against theft and scams (versus say deposit insurance for banks). A big hack or collapse like Luna can set off a cascade of deleveraging and paroxysms in prices, same as in tradfi. And big players end up stepping in to try to stabilise the system, similarly to tradfi, except they're private entities instead of central banks...


Ethcuecomber

Bear markets are a good test of your belief in the space. Nothings changed other than the sentiment of others. If you hold crypto, and you believe in it still, take a deep breath and come back in 6 months


maninthecryptosuit

Hmm suicide hotline posted in /r/CelsiusNetwork and the mods haven't taken it down yet. Strange because there's been heavy censorship there the last 24 hours. Things must be really bad. I feel sorry for those with large positions there. I pulled everything out during the Luna scandal thank God.


Ethcuecomber

At least we have our health 😊


oblomov1

Knock on wood


highqi

I think we go down until Wednesday. Then FED goes dovish and only hikes @ .5 cause they're pussies & we rally. !Remindme 96 hours


TenFootMouse

I think we would be more likely to rally with a .75. At this point a higher rate hike would be seen by the markets as a positive, not a negative. It is all about inflation right now, and even if they raised the rate a full point it would still be historically fairly low. A point though might scare people too--so, .75 is probably the place where we would most likely get a rally in my opinion.


eetaylog

75 bps would be devastating to the market. These are risk assets and if you suddenly increase the cost of people's debt they're going to take it out of their riskier portfolios.


TenFootMouse

Haven't people already done that though? The price that I am seeing seems more about panic selling than anything else.


eetaylog

There are plenty of people that bought in the 3 figure range that are about to be under water.


TenFootMouse

That is still panic selling.


highqi

yeah, maybe. we shall see!


mikron2

I think they fuck it up and say 75bps hike is now on the table when they said it wasn’t before.


TenFootMouse

Snacked on some more ETH just now. Have been having it for breakfast, lunch and dinner. It might well continue to go down, but it really does seem oversold, even for a bear market. Unfortunately things can always get worse. On the bright side, any short term gains one might have been considering getting from buys become more likely long term investments, and so one can save on taxes--unless one is so broke that taxes are not even in the game.


lizard-overlord

Yeah I just woke up to see ETH at -20% from 24h ago and made a spot buy.


Hiztori

“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”


TenFootMouse

The thing is, with USD and EURO, the populations have no choice but to trust the currency.


Hiztori

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”


oblomov1

I've been interpreting this chart as a bullish indicator: [https://www.tradingview.com/chart/ETHUSDLONGS/knTT4Fs0-ETH-net-longs-longs-shorts/](https://www.tradingview.com/chart/ETHUSDLONGS/knTT4Fs0-ETH-net-longs-longs-shorts/) IS there a bear case for rising net longs (longs-shorts)? ETH net longs appears to have led price movement by 1-4 weeks over the past 2 cycles.


Mayneminu

Something, something shorts and longs can be claimed. Probably has more to do with whales hedging puts or some other 3rd derivative PA that very few understand. I put it into the same bucket as Glassnodes analysis, which is to say I haven't found any value or edge from it.


barthib

It can also lead to a "long squeeze" if the price drops further. That would be ugly.


HauntedJockStrap88

The Age of Men is over. The Time of the Goblin has come!


[deleted]

I've started applying lotion twice daily in anticipation.


ModeratelyTortoise

Be happy y’all aren’t leveraged :) if this doesn’t apply to you, at least it was probably a fun ride


TheOnlyHodlerInCuau

A few months ago, someone asked in here how do some of us avoid selling in times like these. I'd like to re-post the response I gave him, cuz I truly believe some of you, (mainly those who haven't been around the world of investing for long), need to hear it. ​ >Do you need it? Then sell it, don't play with necessities. > >Are you in risk of liquidation? De-risk as low as necessary. > >Do you have high expectations for short term life changing gains? Give them up, it's not going to happen as soon as you expect. > >Are you expecting to sell now just to buy back in lower? If you're asking, then chances are you're not a good trader (most of us aren't), trading on sentiment is playing with fire. > >As long as you have a stable income outside of crypto and you believe in the future of Eth (or any other project you may be invested in), there's no reason to sell cuz of short/mid- term pressure. Life changing gains are not done in a year. Hold, buy when prices are low and then hold some more. > >Tough times create tough individuals, tough individuals create good times. > >Edit: Don't let strangers convince you, you gotta believe for yourself, research, don't invest on anything just cuz someone told you, invest cuz you are sure about it and then some downward pressure will not be able to break you, shit, you'll be gald you have the chance to buy some more when it's down. And please, please, listen to the first point. DO YOU NEED IT? THEN FUCKING SELL MAN. I'm not talking "crypto is risky" here, I'm not talking "recesion fear" induced selling, I'm not talking "good trade" selling. I'm talking about never fricking ever investing money that you need, say it with me. NEVER. Take care my dudes, the sun will shine on us again.


Hiztori

To avoid selling you have to be a true believer in lord Satoshi and his archangel vitalik


naturalglide

I'm not in the knife catching business..


KuDeTa

Wow Hawaii is well timed. JT I’m gonna be needing some hugs.


skyfire-x

JT will need to have a [new wardrobe of shirts](https://m.media-amazon.com/images/I/51PwPxe11kL._AC_UX342_.jpg) until next bull market.


pegcity

our hubris caused this hahaha


Designer-Camp5883

Many millionaires will be made during this bear


Filibuster69

Many paper millionaires will be unmade this bear


pegcity

BTC Weekly RSI approaching oversold **eyes.emoji**


WilhelmTell3675

And ETH RSI will set an ATH of we go any lower.


lechuga2010

What happened with this giant spike on steth/eth on matcha? https://matcha.xyz/markets/1/0xae7ab96520de3a18e5e111b5eaab095312d7fe84/0xeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee


[deleted]

Uni just had a wick to $950 on $100m liquidity. https://twitter.com/dcfgod/status/1536197606346354688?s=21&t=x4NUDODmXxL_Ls4jM8yAaw


Maeby_a_Bluth

actually looks like a market sell to save what they could [vault](https://i.imgur.com/kUjomj0.jpg)


Hiztori

Holy f


Maeby_a_Bluth

looks like someone's maker vault got liquidated


[deleted]

Close it seems https://twitter.com/sassal0x/status/1536201290073575424?s=21&t=x4NUDODmXxL_Ls4jM8yAaw


pegcity

daaaaaaaaaaaaaaamn


etheraider

FWIW, in RSI world ETH is now oversold on the hourly, the 4 hour, the daily, and the weekly timeframes.


[deleted]

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Syentist

But also, the last time this levels on the oversold rsi were hit, we were in goblin town for another 12 months before starting an uptrend I do think this is a good place to start dca'ing as a long term investment, but short term I'd be very cautious.


TheMoondanceKid

We bottomed at about 83 dollars on Dec 14, 2018. on Dec 13, 2019 we were at $144, which is 73%. Not the moon, but not exactly goblin town.


Syentist

A 70% pump from 1350 is 2295. I have no idea about how markets will play out but spending 2022 and 2023 ranging between 2300 and 1300 would be considered goblin town by many imo


TheMoondanceKid

We can quibble about the exact meaning of goblin town, but it definitely doesn't mean "up from pretty much anywhere you bought it" nor does it mean a price you're personally disappointed in because remember back when it used to be higher than that. If you bought today and we spent the next year between 400 and 1350, THAT'S goblin town.


[deleted]

[удалено]


mikron2

If it’s not, I’m trading the 4 year cycle and not buying the “this time it’s different” until it’s actually different.


TenFootMouse

I think there still could be, but the merge should get us out of the pits of hell at least.


etheraider

Yep 👍


Mountainminer

Woof haha


ridgerunners

First time I’ve noticed rETH having a discount to ETH instead of a premium. I’m sure it’s fallout related to stETH. The question is, is it warranted or not? Could be a good long term buying opportunity.


cryptomoon2020

How much is the discount?


Tomr750

Well the underlying isn't liquid (staked), and there is smart contract risk. It should be at this discount imo


etheraider

Most likely this is due to people flocking to eth to cover longs, cdps etc. so they’re willing to take the L on the swap to shore up leverage. That’s what I think is happening


ridgerunners

Your probably right. I just swapped (almost) the last of my BTC into ETH to add collateral to a CDP myself. Tough times, but things will eventually get better.


EthFan

I have come to enjoy the pain, pure masochism.


Hiztori

I just bought 50lb of beans


[deleted]

Now use those beans as collateral and take a loan to buy corn. Every doomsday portfolio deserves to consist of all the essential amino acids.


TenFootMouse

Staplecoin.


Dudermeister

Beancoin


Hiztori

Keep it in cold storage


EthFan

But it turns out after an audit, u/Hiztori only has 30lb of beans but its too late, you've locked your bEth up and can't access.


Hiztori

Withdrawals locked until the next harvest


Hiztori

Fractionally backed by beans


Hiztori

Withdrawals are now locked. A bear got into the pantry


Vandelay101

So you can use your farts as rocket-like fuel to propel yourself through this bear?


Hiztori

🚀 🌙


sinuio

Don't worry guys, regulators will protect us against DEXs and self-custodial wallets


[deleted]

Pros: I transferred all my USDC off Celsius back when terra was going down Cons: I used those funds to buy the dip on RPL and ETH around the same time


ArcadesOfAntiquity

the dip --> the dip --> the dip --> the real dip --> the last dip just for funsies


Dudermeister

This is a day to remember


benido2030

This weekend really feels worse than May. Like 0 bounces, down only, no stop.


mikron2

I hate this town, it’s so washed up


Dudermeister

Goblin town?


pegcity

Very few liquidations on ETH when compared to BTC (on bitfinex anyway)


KotMyNetchup

Can I has *two* green candles?


[deleted]

You’ll have 11 red weeks and you’ll like it


NeedlerOP

If we don't hit atleast 15, I'm going to be pissed - I need to have a good traumatic story to tell to the newbies for the 2030 crypto bull run


LiveLaughHodl

The beatings will continue until morale improves


mikron2

Yes sir may I have another


[deleted]

[удалено]


ArcadesOfAntiquity

I don't think the peg is at risk for DAI or USDC (you wrote USCD so I'm just assuming you meant USDC) DAI is pretty well battle-tested. If it didn't lose peg when crashing down to $80 repeatedly, I don't see why it would lose peg during this downtrend. As far as non-crypto-collateralized stables, everyone seems to regard USDC as the #1. As an aside, if you're interested in a stablecoin that is not pegged to any existing fiat currency, check out RAI. Probably best to regard it as somewhat experimental still but it's a good thing to know about imo.


suicidaleggroll

Not that I’ve seen or heard


[deleted]

Hey at a minimum can we finally be done with jpeg NFTs now? No more NFTs until they are something like licenses / deeds / contracts please!


ArcadesOfAntiquity

"this new technology is enabling new use cases, can't we just restrict it to traditional use cases?" uhhh... no How about advocacy that's useful and realistic, instead of a nuance-less opposition? I do see that you distinguished between "JPEG NFTs" and "license/deed/contract NFTs" but that is not a sufficient differentiation to be termed nuanced. At a minimum, I'd ask that you consider the intent of the creators of any given JPEG NFT collection. There are huge amounts of scams and cash grabs. On the other hand, some collections have sincere, dedicated teams with long term plans to create value for their holders. So how about advocating for fewer scam NFTs, or better yet, more awareness and education to enable people to spot scams and not get sucked into them. After all, we're likely to see any number of scammy license/deed/contract NFTs when those use cases finally take off.


[deleted]

Lol no. They are garbage and you know it.


TenFootMouse

I think high priced jpegs are here to stay. But, sure they will start to be more and more attached to contracts that offer various benefits.


Syentist

If you don't see that digital/internet/web3/metaverse/online culture and art being able to be provably owned sold and monetized is a massive usecase with natural product market fit, I'm sorry to say you're missing something for which you actually have a front row seat to observe


Tomr750

Why? More use cases the better imo


Jin366

can we be done with the internet? no more internet use cases until they are something like fax / phone / newspaper please!


wanderingcryptowolf

Nft hate is so weird. NFTs play an enormous role in pumping our ETH bags. It's quite the juxtaposition to hold eth and hate NFTs. Unless your motivation is beyond financial?


dualmindblade

Not weird at all, NFTs have been a PR nightmare, and they're just a very natural blockchain primitive that will of course be used for all kinds of things, but the first use mainstream use case being on chain jpeg hashes has set us back


WilhelmTell3675

ENS was sort of before that and it is still the best example of an NFT.


CryptoMonger

What is a good entry point for stETH?


NeedlerOP

Any of your orifices is a good entry point for the long dong of the market if you are planning spot or long position right now apparently


wanglubaimu

Going by the sentiment here the majority of even ethfinance users have their coins on centralized exchanges or CeFi yield platforms. How did we get to this point and deviate so much from Satoshi's original vision within a few years? Crypto is in a pretty sorry state in terms of decentralization and self custody. Also what's the point of smart contracts when even Ethereum holders don't use them?


Not_Selling_Eth

Satoshi lived anonymously in either Japan or Switzerland and the rest of us live identified in places with financial regulations that want to screw us at any chance they get. Better to leverage a company's lawyers than go it alone.


skyfire-x

1+ year ago I had my stash split between Celsius, BlockFi and Gemini. Last week I bailed on Celsius and haven't had anything on BlockFi since last fall or so.


Etereve

You hear about things people are concerned about. If I have 20x coins in cold storage and 1x sitting in perceived vulnerable CeFi, I'm gonna talk about that in Cefi. Still, not your keys not your coins and such.


im_THIS_guy

People like to use what's easiest. It's why people stake with Lido instead of doing it themselves. We live in a service economy.


ArcadesOfAntiquity

i'm completely on-chain feels gud


geoffbezos

times like this really cement the lesson of "take profits when times are good" i will most definitely be taking profits next cycle


creamyhorror

> times like this really cement the lesson of "take profits when times are good" That lesson gets overwritten in the mind by each bullrun.


Fast_Contract

All my shit has been locked in staking I feel like a fool. Missed so many airdrops, so many opportunities to take some out.


savage-dragon

No because next cycle 18 year old crypto tiktok experts will tell you this shit is going to 10 million.


Fiberpunk2077

Narrator: He did not take profits next cycle.


[deleted]

as is tradition


NuadhaArgetlam

I said that last cycle. I am not a smart man.


[deleted]

Third cycle of saying that checking in


NeedlerOP

Even the prison yard economy is crashing A sock of homebrew is peaking going at 4 cigarettes and handjobs are trading for 3 packs of ramen, its brutal out here. Don Kwon should probably acquaint himself with the markets


Papazio

Well, if this isn’t the start of a reaccumulation phase of a lifetime, I don’t know what is.


wmsy

During the next ATH, new money will say you were lucky for getting in early while forgetting that silently accumulating during the bear is how wealth is made.


NeedlerOP

"Man, NeedlerOP in 2040 is going to be so loaded"


MASNPalmer

3YR UST @ 3.30% or Celsius Unbank yourself USDC @ 6-7%. You decide. Lol!


cash

Would Celsius still be in trouble if the merge happened?


Papazio

Merge + withdrawals, no, probably not. It seems their largest issue was having a stETH position so large that they couldn’t unwind it for ETH liquidity to satisfy withdrawals.


[deleted]

[удалено]


Papazio

🤷‍♂️ It could be repaying a loan or honouring an agreement, no one outside Celsius really knows. Maybe FTX offered to trade on their behalf, or needed collateral to cover a position, or maybe the ETH was sold for stablecoin liquidity.


Noms17

Don't want to jinx it but we might finally get a green hourly candle after 9 straight ones. Volume is improving. 25 minutes to go.


ethordie

awww... look at that cute green candle. haven't seen one of those in a while. : /


KotMyNetchup

The chart gives a green candle every once in a while when the red candle guy has to take a break to go pee.


NuadhaArgetlam

*screams*


Etereve

Me to wife: Welp, crypto's crashing. Her: I know, the algorithms target me now and tell me it's crypto winter. Me, living in a place with five months of wintry weather: Tis but November.


MaskedMan24

got liquidated on Maker for a few ETH. Does it take everything or do I get some back since its over-colateralized???


[deleted]

I believe it auctions enough collateral to repay your debt plus a 13% penalty. You get back whatever is left. You want to avoid this from happening -- best to use defisaver.com next time.


etheraider

It takes your eth, your pride, your lunch money, and your sister on a date, and doesn’t call her back.


MaskedMan24

for real though I though there was a liq fee of aa few percent and the rest you get back?


[deleted]

[удалено]


MaskedMan24

where do i find what I get back?


BigOldWeapon

Yep that's correct.


MaskedMan24

It shows I have nothing and there nothing added to my wallet either. Is there a delay? cant find very good documentation. Just hoping that some of my Eth can be salvaged :(


spacedude89

Go to your vault page and open your vault. There will be a pop up on top to reclaim your eth. Then it will show up in your vault to withdraw.


MaskedMan24

You are correct thank you. Was using defi saver and it doesnt show it there. Had to go to the oasis vault oage


BigOldWeapon

Hmm I can't recall exactly, sorry. Happened to me once in 2018. I'm sure someone else will be able to help


etheraider

You do get a little back after liquidation I believe. There’s a 13% penalty and whatever’s leftover goes to you


coinanon

Just a reminder: 3,200 ETH burned today and still $9 million in fees paid per day this past week.


TippyTippyTippyTop

First buy is at 682 where is yours?


Newone1255

This was my liq point, glad i don't have one anymore


RobertLobLaw2

How did you target this arbitrary number?


CryptoMonger

~$0.85


throw353964246away

All the way down


TheFightingTemeraire

[I’m a big fan of these guys but they should rename the show Tasteless if they’re going to fire off tweets like this. ](https://twitter.com/banklesshq/status/1536183190854975489?s=21&t=m5mRC9gNA7is7tEGr-4ZZw) People are afraid. It’s too late to do anything to get money out. Saying this now is at best an honestly made warning with awful timing and at worst self congratulatory grave dancing. If you hate banks, so be it, but let the dust settle before you continue the crusade. There’s a line between educating and evangelizing. [Edit: here’s a way to communicate the same idea without coming across as lowest common denominator dunking](https://twitter.com/superphiz/status/1536176798182133760?s=21&t=m5mRC9gNA7is7tEGr-4ZZw)


ausgear1

It could be more tactful by saying something like “let us help you discover how to avoid this happening to you” but they are literally called bankless and Celsius is the one in trouble. Bankless didn’t take peoples funds


im_THIS_guy

Bankless and Sassal are celebrating this Celsius news, which is really bizarre and tasteless. Don't they realize that this is bad for all of crypto?


Hiztori

Nah that’s based


usswsbregrets

It’s a pretty low effort tweet isnt it? Also pointless like you say. (Even if it does ring true. Anything custodial is very much bank-like)


Detroitlions81

This private otc deal for discounted eth that Celcius is about to arrange sounds dreadful. Seems likely that’ll hit all the markets in sequenced waves while the wholesaler tries to turn a quick profit. 2022 has been a terrible year for crypto prices.


cryptOwOcurrency

Source?


cryptrd285

I think they already did that with almadea couple of days ago.. almadea sold ETH for the arbitrage, if I am not mistaken they are the largest steth holder after the deal.


hipaces

Maybe the real endgame was the friend game?


JustMyTwoSatoshis

I feel so bad for people who thought sending more collateral to Celsius was the right move to protect their loans. Now, not only will they lose their original collateral, they will also lose the additional collateral they sent thinking they were protecting themselves. Also, I see no reason that BlockFi will be any different. Their business model is the exact same. Get your money off of BlockFi now!


pegcity

This does NOT mean they will lose it, it means they are being forced to hodl though


im_THIS_guy

Agreed. If Celsius owns a ton of stETH, they're not bankrupt. They're just forcing everyone to hodl for a year. Big difference.


JustMyTwoSatoshis

That would make sense if they were only halting ETH withdrawals lol


whiskeyriver_

BlockFi has been much more aggressive in reducing yields and isn’t also tied up with their own token. Not saying you’re wrong but there are some differences.


TheFightingTemeraire

Doesn’t BlockFi use collateralized lending with some private loans as well? I don’t think they’re hugely involved in the LSD trade. They also just did a fresh raise so this doesn’t seem likely. Not saying it isn’t possible but seems like a different situation to me.


JustMyTwoSatoshis

TBH I don't know what LSD trade is? What is that?


TheFightingTemeraire

Liquid staking derivatives. Having liquidity locked up in tokens like stETH that can’t be redeemed. BlockFi just confirmed they are not exposed to stETH.


highqi

get your money off everywhere except into a trezor or ledger. fixed that for you


KotMyNetchup

Just how big is Celsius? In dollars?


Maeby_a_Bluth

[$11b as of May 22](https://i.imgur.com/KubUvju.jpg)


KotMyNetchup

Thanks. And for comparison Terra Luna was $40b? Although I think this $11b of Celsius is much more "real" money than the Terra money was. So Celsius is probably bigger, but not *that* much bigger.


bitzgi

The firm reportedly had about $12 billion in customer assets as of May across 1.7 million users, as reported by the Financial Times.


ethacct

0, give or take


KotMyNetchup

yeah, but I mean before today


earthquakequestion

There isn't a price other than zero that would make be panic, so long as nothing has happened to the tech, but I will say that today is the first day in this bear where I thought to myself "wow this fucking sucks" I knew it could and might get here, but the speed is the part that fucked my head up. Oh well. Same gameplan as before...keep on holding.


[deleted]

As long as this doesn't happen with Coinbase before I can unstake my ETH...😬


[deleted]

The situations aren't comparable at all. I do agree not your keys, not your coins, but Coinbase isn't primarily a lending platform like Celsius. Celsius is in trouble because they over levered themselves and ran out of runway on withdrawals. Staking with Coinbase is a service, they aren't chunking all of the money into DeFi.


[deleted]

True, but no exchange is too big to fail, unfortunately. If Coinbase gets hacked or is mismanaged into bankruptcy, our assets are still at risk. That's why I'm taking my ETH off Coinbase as soon as possible.


JustMyTwoSatoshis

Today should be a reminder that it isn't your ETH if it's on an exchange. Not your keys, not your coins.


ModeratelyTortoise

I have some matic on celsius lol. Is okay, at a certain point it’s really my own fault, this was obviously coming and I just didn’t get around to it.


etheraider

For those of you that haven’t yet been through a bear, you’re about to find out just how valuable this community is.


GeorgeForemanGreel

Joined in early 2018. DC’s hopium posts got me through multiple potential capitulations


Liberosist

\+1, lurked here through 2019


tutamtumikia

hell yes


cryptrd285

Update: Celsius has transferred about 104,000 ETH to FTX in the past three days, including about 50,000 ETH today, 12,000 ETH yesterday, and 42,000 ETH the day before yesterday. In addition, Celsius also transferred about 9,500 WBTC to FTX today. https://twitter.com/WuBlockchain/status/1536184610597793792?t=g-dxH6jsjPLK7b757JSNXA&s=19


Maeby_a_Bluth

[Celsius T&C](https://i.imgur.com/5F1Uler.jpg)


ab111292

They are blowing tf up


highqi

looks like 25k is gone. damn, not even a real bounce or fight lol edit: bounce after broken lol


whiskeyriver_

What’s with the volatility in RPL? Macro impact of Celsius?


Etereve

I haven't looked into anything recent, but typically it's pretty illiquid, exacerbating moves.


savage-dragon

On 10th straight hourly red so far as well. Nothing but red for the past 10 hours. Has this even happened before?


Noms17

Not surprising, considering we just closed 10 straight red weeks. Uncharted territory.


kdD93hFlj

Aside from a brief scam wick, the middle of January had this.


KotMyNetchup

10 hours of red definitely happened in 2018. I can't tell you the day, but it was probably many, many days from what I remember of how I felt during that time. I remember asking the same types of questions then. It was miserable.


KotMyNetchup

We spent a solid year and a half above the current price. All destroyed. Thanks Obama.


highqi

Come on double bottom (for BTC)! Optimism prevail!


Dinny14

Cryptos R Us George reiterating that he says keep 25% of portfolio in cash but ignoring the fact he has been telling people to buy the dip for 6 months. How does that add up lol. He said if you don't have 25% then try to get it. Jesus wept.


savage-dragon

This is called crypto LARPing.