Very diplomatically put.
By this definition, there are A LOT of shitcoins that I'd consider A LOT less shitty than the particular ponzi trash shitcoins that are being discussed heavily in this thread as of late.
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Cryptocurrency: DeFi, Farming, and Staking Megathread
- Thread starter Chee-to
- Start date
My highest conviction play is Loopring. About 10% of my crypto portfolio. L2 with some interesting exchange patents.
for some reason, i have difficulty retaining the concepts of overbought and oversold. i have to review RSI 101 constantly to keep it straight in my head.
not sure if serious, bout as simple as is gets. low RSI and touch of bottom bollinger bands is a better time to buy and high RSI and touch of upper bands a good time to take some off the table.
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Relative Strength Index (RSI) Indicator Explained With Formula
The Relative Strength Index (RSI) is a momentum indicator that measures the magnitude of recent price changes to analyze overbought or oversold conditions.
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The explanation for the insane APRs never made sense to meSure is quiet around here.
Sure is quiet around here.
We'll have to see what's left after the current fire dies out. Most of the projects/coins listed on the first page of this thread that aren't Luna are still basically the same thing they were then. The runaway value correction is probably a good thing.
Could be some good ponzi riding money to be made on the other side of this. Or maybe that was it, and it's all over now. But I doubt it, even if I think it's kinda stupid, the huge number of people working on defi projects makes me think it likely keeps trying to be a thing.
Maybe we go back to aping into dogcoins like goddamn degenerates?
There are still DeFi plays out there, but the rewards have largely dried up because of the bear market. Most farms yield in shitcoins plus a percentage of trading fees, so when nobody is trading and the shitcoins are dumping you get low yields. Low yields mean poorer risk-adjusted returns. Combine that with the fact that actual interest rates are rising, meaning you can get higher yields on real world assets, and it's silly to take on crypto smart contract/counterparty risk if you're not getting a premium over what you could get on insured US dollars or low-risk bonds. Regulation is also going to be an interesting question with DeFi going forward.
The bigger overall point is that this is one facet of investing, not the whole thing - put your money where your risk and return preferences are, whether that's inside or outside of crypto.
I bought more SOL last night but don't have anything staked in DeFi farms right now.
Actually, there are probably some really good DeFi plays on stable and plodding along chains nobody pays attention to, like TOMO or Tezos. They don't get enough TVL to really dilute or to bother trying to hack, so they keep along as the forgotten stepchildren of the crypto universe. I just don't have time to really go through them right now.
this, exactly. crypto is one of multiple arrows in the investment quiver, that's all. for me, the algo keeps plodding along, dragged down with the rest of them, but with more adoption reports and use cases coming out every day, still well worth hodling. and algofi keeps paying out, 26% apr atm. all things considered, have no complaints.
not at as far as i know. once you where told where the toilet paper is stashed, i figured you've been able to complete your business, without the need for assistance, ever since
No activity on this thread since June...
Something happen?
That'd be around when Curve stable APY's dropped down to savings account levels. I hope nobody here was dumb enough to deposit into Anchor.
No activity on this thread since June...
Something happen?
You new here?That'd be around when Curve stable APY's dropped down to savings account levels. I hope nobody here was dumb enough to deposit into Anchor.
I doubt we've seen the last of DeFi, and the takedown of a major centralized exchange makes trustless, noncustodial exchanges more attractive as an alternative. It's still going to have to ride out the crypto winter like everything else.
I deposited plenty of money in Anchor and other Terra chain projects, like Mirror. I also pulled it all out before the collapse and came out ahead. That was partially luck and partially paranoia/eternal online presence formed by years of mucking around with crypto; I false-start pulled money a couple other times when I thought Luna and the Terra projects were threatened, and was admittedly lulled into a false sense of security when UST regained the peg the first couple times it was attacked or challenged.
One of the reasons we haven't seen much activity in this thread is because I was the one explaining DeFi projects and I pulled all my money out of DeFi at the beginning of the year and bought a house with it. This is not financial advice and never was; if the coastal SoCal housing market collapses, CasaMugrienta can laugh at me more all he wants. Do your own research.
I deposited plenty of money in Anchor and other Terra chain projects, like Mirror. I also pulled it all out before the collapse and came out ahead. That was partially luck and partially paranoia/eternal online presence formed by years of mucking around with crypto; I false-start pulled money a couple other times when I thought Luna and the Terra projects were threatened, and was admittedly lulled into a false sense of security when UST regained the peg the first couple times it was attacked or challenged.
One of the reasons we haven't seen much activity in this thread is because I was the one explaining DeFi projects and I pulled all my money out of DeFi at the beginning of the year and bought a house with it. This is not financial advice and never was; if the coastal SoCal housing market collapses, CasaMugrienta can laugh at me more all he wants. Do your own research.
luckily i was/am too stupid to figure out the defi stuff
hope no one lost too much
i made out pretty well just trading mostly eth and sol. will probably put most of that money into land but i'm being patient because i think real estate will still go a bit lower
probably will buy back into crypto market at some point but i think there's plenty of time so i'm just reading and waiting
hope no one lost too much
i made out pretty well just trading mostly eth and sol. will probably put most of that money into land but i'm being patient because i think real estate will still go a bit lower
probably will buy back into crypto market at some point but i think there's plenty of time so i'm just reading and waiting
IMHO this. There was a bloodletting after the 2017 everything moonshots as well. Probably wait until it's slowly and steadily climbing, get on the bandwagon, have a couple drinks, then jump off.