Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Are we excited yet?

Options
1116117119121122205

Comments

  • Registered Users Posts: 6,421 ✭✭✭weemcd


    I would be of a similar mind to yourself if we go into a downtrend.

    I have high hopes for FTM, METIS and a few others this year. Fingers crossed.



  • Registered Users Posts: 7,870 ✭✭✭Grumpypants


    Nothing technical, just the crippling disappointment of it drawing away. 😂


    It pissed about at just under 1k for a long time then popped to ATH at 17. then faded to 3k (3 times the 1k) This time it went from 3k to ATH and if it slipped back down to roughly the same 3x it would be landing around 10k.


    Doomsday scenario, but long term it's still up 3X overall through the cycle low to low. If the next cycle started from a low point of 10k and then rose 15-20x that would land us in the 150-200 and that would be reasonable prediction.

    Post edited by Grumpypants on


  • Registered Users Posts: 2,244 ✭✭✭Markus Antonius


    Looks like there is an internet outage affecting crypto miners in Kazakhstan (2nd biggest mining country):

    This in combination with the fed news yesterday. The double whammys always give the worst drops albeit healthiest drops in my opinion. Time to start cautiously topping up!



  • Registered Users Posts: 4,314 ✭✭✭BOHtox


    Have you come across any tutorials for how to farm or stake on FTM? Wasn't very intuitive when I went to take a look. How are gas fees on it?


    Lots of good yields on the Avax chain/Trader Joe if it holds up during the bear market



  • Registered Users Posts: 1,997 ✭✭✭Shapey Fiend


    Gas fees aren't quite as low as they purport to be but maybe 25cent a transaction is the worst it's going to be so not too bad.

    I got lucky and bought LQDR a month ago which you lock for 2 years and it spits out 100APR of Spirit, linSpirit LQDR, Boo and FTM. Then you can either hodl them or sell em I'm not sure what to do yet. Redacted announced yesterday they're getting into stacking Spirit/linSpirit so that token could be hotting up. You can stake that on their website and it's not timed. Been thinking of doing that.. or buy some HND not sure. Learnt some of this stuff on RektFoodFarmer channel I'm sure he'll do some more videos on it soon cos he's going all in on FTM now. https://www.youtube.com/watch?v=Oof_3jpx32Q

    Otherwise you can farm LP on LQDR or TOMB or BELUGA or 10 other places. I've not done a ton of this yet but from what I gather you just chase the best APR you can find (that's not with a totally garbage token) and then as more people discover the farm the APR drops and you dump on them, move onto the next high yield farm do same. Constant rotation every week, maybe even days at the moment. I don't do this stuff full time but if you aren't prolific rotatoooor you're just other peoples exit liquidity apparently.



  • Advertisement
  • Registered Users Posts: 2,560 ✭✭✭Irish_rat


    FTM is well established now, it's as strong as other L1's like AVAX and SOL.

    I just don't think there will be long bear markets anymore, there will be less volatility over time.



  • Posts: 0 [Deleted User]


    I agree. There is absolutely no promise that this mythical four year cycle will happen again. There could easily by a massive drop though given the market is entirely based on sentiment.



  • Posts: 0 [Deleted User]


    What kinda yields are you finding on Avax and trader Joe? I looked into ages ago but wasn't too impressed. Maybe I got it wrong



  • Registered Users Posts: 4,314 ✭✭✭BOHtox


    64,000% (Sixty four thousand) on $Time Wonderland



  • Registered Users Posts: 14,847 ✭✭✭✭ShaneU


    It's happening. GME up 25% aftermarket, the two partners believed to be Loopring and Decentraland

    GameStop Corp. GME 1.28% is launching a division to develop a marketplace for nonfungible tokens and establish cryptocurrency partnerships, according to people familiar with its plans, pushing the company into much-hyped areas as it tries to turn around its core videogame business.

    The retailer has hired more than 20 people to run the unit, which is building an online hub for buying, selling and trading NFTs of virtual videogame goods such as avatar outfits and weapons, according to the people. The company is asking select game developers and publishers to list NFTs on its marketplace when it launches later this year, the people said.

    GameStop also is close to signing partnerships with two crypto companies to share technology and co-invest in the development of games that use blockchain and NFT technology, as well as other NFT-related projects, the people said. The retailer expects to enter into similar agreements with a dozen or more crypto companies and invest tens of millions of dollars in them this year, the people said.

    Grapevine, Texas-based GameStop has been working to reset its business after years of losses. The company was at the center of a stock-trading frenzy last year that dramatically boosted its share price, which rode a surge in interest and optimism from individual investors. Many saw potential in GameStop despite the pandemic’s negative impact on foot traffic and even though consumers have been increasingly opting to download and stream games over the internet, rather than buy the kind of hard copies that the company specializes in selling.

    Last year, GameStop overhauled its executive team and board of directors, naming activist investor Ryan Cohen as chairman. Mr. Cohen, who co-founded online pet-products retailer Chewy Inc. and sold it for $3.35 billion in 2017, has been pushing to make GameStop more tech-centric.

    The turnaround effort has yet to show significant results in GameStop’s financial performance. In the quarter through October, the company said revenues grew, but its loss widened compared with the same period a year earlier. The revenue growth came from sales of hardware and accessories, while revenue from game software slipped 2%.

    “We believe our emphasis on the long term is positioning us to build what will ultimately become a much larger business,” GameStop Chief Executive Matt Furlong said on an earnings call with analysts last month. Mr. Furlong, who joined the company last year from Amazon.com Inc., then mentioned that GameStop was exploring business opportunities involving blockchain and NFT technologies.

    There are signs some investors are losing patience. GameStop shares have plunged by more than 45% over the past six weeks, though the stock remains far above where it was when investors started piling into GameStop shares a year ago.

    Diving into the crypto and NFT space puts GameStop on a rapidly growing list of companies trying to cash in on these nascent and largely unproven technologies. A handful of NFT marketplaces already exist and some feature tokens from game publishers. Earlier this week, a marketplace called OpenSea said it raised $300 million in venture capital and is now valued at $13.3 billion, greater than GameStop’s valuation of close to $10 billion.

    The videogame industry is likely to play a major role in the adoption of cryptocurrency, NFTs and blockchain technology, analysts say. Gamers are expected to be among the first to embrace the technologies because they are already spending a lot on virtual goods. Virtual real estate in videogames, as well as videogame collectibles, are a rapidly growing segment of the NFT market.

    In recent weeks, some of the industry’s biggest publicly traded videogame companies have launched or announced plans to sell NFTs, including Ubisoft Entertainment, Zynga Inc. and Square Enix Holdings Co. Some industry executives and players, though, have expressed concerns about the value of NFTs and developers’ motives for creating them.

    By getting into the crypto and NFT space while it is still in its infancy, GameStop hopes to avoid missing out on opportunities to be part of a budding trend as it did with computer-game downloads about a decade ago, the people familiar with its plans said. GameStop tried to get into the streaming of videogames at the time but abandoned the effort. Today, the downloading and streaming of games are rapidly growing trends.



  • Advertisement
  • Registered Users Posts: 17,533 ✭✭✭✭fritzelly




  • Registered Users Posts: 4,314 ✭✭✭BOHtox


    It's safe as houses 😂


    A clear Degen play but waiting to see how it pans out



  • Registered Users Posts: 17,533 ✭✭✭✭fritzelly


    And here we go crashing right down



  • Registered Users Posts: 4,331 ✭✭✭Potatoeman


    Got a solairdroppass NFT where they drop NFTs into your wallet. First drop is in progress now.

    Also a LuckyLotto NFT where you get 3% of casino profit split between holders up to 30 sol in 3 days in the pool atm (1200 nfts). Www.lucky lotto.dev. Launching poker and Casino next.

    both on magicEden.io now. 0.7 sol and 2 sol each.



  • Registered Users Posts: 4,331 ✭✭✭Potatoeman


    Interest rate hike in the US on the cards. Talk of fed selling of assets too. Bad for the market over there if it happens. Also China production is down and Covid might get bad over there.

    Who knows what will happen next?



  • Registered Users Posts: 1,382 ✭✭✭FFVII




  • Posts: 0 [Deleted User]


    Hate to be a fudder but if the market reacts like this every time interest rates are raised, and that happens a few times in 2022, and that will tighten money supply, and stimulus' stop as we get a hold of covid.... I am not optimistic in the short term



  • Registered Users Posts: 4,331 ✭✭✭Potatoeman


    Printing money is never free. Inflation was inevitable.



  • Moderators, Category Moderators, Computer Games Moderators, Society & Culture Moderators Posts: 8,501 CMod ✭✭✭✭Sierra Oscar


    I thought BTC was free from the shackles of inflation and should not be impacted by it? On the contrary, it's looking like it could take a hammering every time an interest rate hike occurs ... which is a policy response to inflation. The US could be looking at 4 rate hikes this year alone.



  • Registered Users Posts: 4,331 ✭✭✭Potatoeman


    People were saying it could be an inflation hedge but it is volatile. Check it over a longer period.



  • Advertisement
  • Registered Users Posts: 775 ✭✭✭Pdoghue


    Hard to know what is having a bigger impact on the BTC price: the signalled hike in interest rates, or the energy outages in Kazakstan affecting the miners. If nation states keep putting the squeeze on the miners limiting where they can operate, what will happen to the BTC price in the medium to long term?



  • Posts: 0 [Deleted User]


    Maybe they'd putting the squeeze on for good reason if the bitcoin mining industry is affecting the populace's ability to before energy...

    Crypto is here to stay but bitcoin is finished. It does far more harm than good and its altruistic beginnings have given way to speculation for the benefit of the few at the expense of the many.



  • Posts: 0 [Deleted User]


    Might be a stupid question but how does a drop in miners effect the price?



  • Registered Users Posts: 4,331 ✭✭✭Potatoeman


    Price usually moves with hashrate but lower hashrate makes it easier (cheaper) to mine.



  • Registered Users Posts: 2,244 ✭✭✭Markus Antonius


    I'm a bit mystified at how steep the selloff is. We saw a bullish outlook for bitcoin from Goldman Sachs yesterday. 18 institutional investors invested $100m in Serum, a decentralised exchange software company. A sell the news combined with the fed and Kazakhstan news maybe?

    More share in the market for me I suppose so shouldn't complain.



  • Registered Users Posts: 20,084 ✭✭✭✭cnocbui


    Someone predicting the demise of Bitcoin. How original - how many is that now?



  • Registered Users Posts: 533 ✭✭✭dirk_dangler


    Staking coming within the first 2 quarters confirmed by Sergey

    everything dumping and Link a pumping




  • Registered Users Posts: 2,850 ✭✭✭antimatterx


    I was raging I picked up link at €27 in November. Happy now. Always a long term hold, but short term prices always pull at the heart strings.



  • Registered Users Posts: 2,244 ✭✭✭Markus Antonius


    Starts to even out if you look at the 6 month change tho. Then you can pretty much reverse that meme when looking at the 1 year change.



  • Advertisement
  • Posts: 0 [Deleted User]


    Maybe naieve of me to still believe in the goodness of man.

    Where is your conscience man?



Advertisement