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Old 05-08-2021, 03:37 AM   #7851
martenJ
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Re: Virtual Currency - Alt Coin Discussion Thread

the best bridge is your binance account
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Old 05-08-2021, 04:34 AM   #7852
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Re: Virtual Currency - Alt Coin Discussion Thread

It's not. I'm in the US
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Old 05-08-2021, 08:42 AM   #7853
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Re: Virtual Currency - Alt Coin Discussion Thread

SHIBA is going nuclear.
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Old 05-08-2021, 08:57 AM   #7854
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by Doorbread View Post
It's not. I'm in the US
Binance.us doesn't have a bsc bridge?

Multichain.xyz works well
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Old 05-08-2021, 02:15 PM   #7855
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by EddyB66 View Post
SHIBA is going nuclear.
look at vitaliks wallet, haha

he swinging billions every hour
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Old 05-08-2021, 04:06 PM   #7856
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by housenuts View Post
Binance.us doesn't have a bsc bridge?

Multichain.xyz works well
Nope even their DE bridge is geolocked. Thanks Iíll check it out
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Old 05-09-2021, 04:34 AM   #7857
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Re: Virtual Currency - Alt Coin Discussion Thread

I have close to 6 digits of $FTM stuck in multichain.xyz for 48hours now, spookyswap pools are too juicy. Apparently it will at least take 6 days until they have the liquidity to send the $FTM on the FTM blockchain lol.

Pretty unacceptable imo, I hope $FTM will not dump too hard in the meantime.
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Old 05-09-2021, 06:36 AM   #7858
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Re: Virtual Currency - Alt Coin Discussion Thread

Sometime I feel like I'm trolled when I see the name of random services you all use
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Old 05-09-2021, 07:29 AM   #7859
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Re: Virtual Currency - Alt Coin Discussion Thread

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Pretty unacceptable imo, I hope $FTM will not dump too hard in the meantime.
Except number go up. I'm just going to continue apeing on spirit, spooky and froyo (weekly drop for veCRV ppl) until returns are less and/or swap is better.

Quote:
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Sometime I feel like I'm trolled when I see the name of random services you all use
Multichain was really good until Fantom got really juicy and swap liquidity dried up.
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Old 05-09-2021, 07:41 AM   #7860
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Re: Virtual Currency - Alt Coin Discussion Thread

i made a mistake and sold 5k matic when i surged to .88 and started dripping down to .87 as it keeps on trucking now at .96 after trading near .70 just 24 hours ago

dumped all my non staked knc at 4 when it hit a sell order i wasn't expecting to hit, still holding most of it on their staking pool - perhaps the best benefit i get out of staking is it's safe from my impulsive buys and sells

they've been working out alright as i'm operating under the premise that most coins tend to rise and fall together so when one spikes i sell it and find something that hasn't spiked when the others did, spend 15 minutes seeing if it doesn't scream vaporware to me and then buy it and it usually catches up to the rest of them and then i sell that and look for the next under performer - on average hold about 2-3 days, it's worked out well so far but hard not given how the market has been lately and i'm definitely legit concerned about buying a sumper which is dumping for a genuine vaporware reason that i haven't uncovered - hence why i'm going to start staking more and more and finding moonshots like eddy's shiba inu play where i just dump some in and close my eyes and leave it alone
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Old 05-09-2021, 07:51 AM   #7861
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Re: Virtual Currency - Alt Coin Discussion Thread

I understand the concept of call options in general but hoping someone can check if my understanding is correct of how Deribit works:



Picking a random strike price of $6k:

The premium is between $1023 and $1067, which means that the breakeven price of ETH would need to be just over $7k on the option date. Does this contract refer to 1 Ethereum? So if ETH was to go to say $9k on the expiry date then this would result in a net profit of $2k? I'm asking because I believe a stock option contract usually refers to 100 shares rather than a single share.

The downside is that if ETH never gets to $7k then your $1k premium paid is completely lost. The benefit would be that if ETH got to $9k, instead of making $5k on a $4k (125% ROI) investment given the current price of ETH, you make $2k on a $1k investment (200% ROI) with less capital invested.

Once the premium is paid, am I correct in assuming that there are no ongoing maintenance/margin requirements?
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Old 05-09-2021, 11:26 AM   #7862
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by Good Money View Post
I understand the concept of call options in general but hoping someone can check if my understanding is correct of how Deribit works:



Picking a random strike price of $6k:

The premium is between $1023 and $1067, which means that the breakeven price of ETH would need to be just over $7k on the option date. Does this contract refer to 1 Ethereum? So if ETH was to go to say $9k on the expiry date then this would result in a net profit of $2k? I'm asking because I believe a stock option contract usually refers to 100 shares rather than a single share.

The downside is that if ETH never gets to $7k then your $1k premium paid is completely lost. The benefit would be that if ETH got to $9k, instead of making $5k on a $4k (125% ROI) investment given the current price of ETH, you make $2k on a $1k investment (200% ROI) with less capital invested.

Once the premium is paid, am I correct in assuming that there are no ongoing maintenance/margin requirements?
you're assumptions are correct
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Old 05-09-2021, 11:38 AM   #7863
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Re: Virtual Currency - Alt Coin Discussion Thread

Which stablecoins do you/would you use?

I figure:

DAI, sUSD - de-pegging risk
USDC, PAX, GUSD - KYC/AML freezing risk
USDT, BUSD - regulatory + de-pegging risk


A lot of whales seem to put a lot of trust in Tether holding significant sums.

At the moment I'm leaning towards USDC/DAI 30/70 split holding for some yield generation, but maybe I should trust Tether more? Also maybe Fei if it stabilizes.
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Old 05-09-2021, 11:46 AM   #7864
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Re: Virtual Currency - Alt Coin Discussion Thread

everything is x100, it's a much larger scale than you're dealing with

i wouldn't get involved in options, it's where people who ask how they work lose their money
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Old 05-09-2021, 02:50 PM   #7865
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Re: Virtual Currency - Alt Coin Discussion Thread

Who just holds stablecoins?

The few stablecoins I hold are all in pools so you are exposed to any of them losing peg anyways.

I'm personally not really worried about the big ones losing peg, but on there are lots of shitty ones and (semi-) algo "stablecoins"
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Old 05-09-2021, 07:49 PM   #7866
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by martenJ View Post
I have close to 6 digits of $FTM stuck in multichain.xyz for 48hours now, spookyswap pools are too juicy. Apparently it will at least take 6 days until they have the liquidity to send the $FTM on the FTM blockchain lol.

Pretty unacceptable imo, I hope $FTM will not dump too hard in the meantime.
Yeah this has been tilting over the past week - I got a bunch over eventually. My logic is that the hurdles and weirdness of bridges to fantom, avax, and others just mean you're there early to capture whatever yield or new degen coins are sprouting up before the masses get there. I figure the same will happen on Fantom that's been happening on Polygon lately.

As an aside, I'm feeling more and more bullish on sushi lately, as they seem to want to be the BSC of dexes in a way. Copy uniswap code, then port over to all these other chains and start aggressive LP rewards. If they continue to increase network effect it should make the quickswaps & pangolins & spookyswaps a little nervous.

No clue if the better tech "wins out" or we just end up with these bleeding-edge defi protocols on eth mainnet, and lightweight apps for retail on bsc & other chains for the foreseeable future.
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Old 05-10-2021, 01:42 AM   #7867
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Re: Virtual Currency - Alt Coin Discussion Thread

Scalped some small profits on Doge and have upped my position in ALGO.

ALGO approaching 8% of my port.
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Old 05-10-2021, 04:02 PM   #7868
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Re: Virtual Currency - Alt Coin Discussion Thread

A lot of activity on HEX recently. Where do y’all fall on the spectrum between “HEX is an incredible idea and is going to the moon” and “HEX is a ponzi, stay away.”
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Old 05-10-2021, 04:33 PM   #7869
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Re: Virtual Currency - Alt Coin Discussion Thread

Who is saying it's an incredible idea?

https://coingeek.com/hex-token-scam-...s-in-4-months/
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Old 05-10-2021, 11:51 PM   #7870
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Re: Virtual Currency - Alt Coin Discussion Thread

Internet Computer... da fuq?
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Old 05-11-2021, 12:58 AM   #7871
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Re: Virtual Currency - Alt Coin Discussion Thread

what happened with ALCX price action tonight?
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Old 05-11-2021, 07:19 AM   #7872
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by Go Get It View Post
Internet Computer... da fuq?
It wins the internet? Pretty stacked roster of venture backers, is this truly novel or just sounds great to someone like me without the CS background to get it?

Twoshae--thoughts?

Sent from my Pixel 3a using Tapatalk
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Old 05-11-2021, 09:39 AM   #7873
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by Zima421 View Post
what happened with ALCX price action tonight?
You know you can have a cool defi project, but that doesn't make the token awesome.

Apart from 10% fee ALCX collects from every harvest I don't see much value in the token.
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Old 05-11-2021, 12:13 PM   #7874
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Re: Virtual Currency - Alt Coin Discussion Thread

If you guys didn't have any crypto, would you buy now or wait until it crashes?
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Old 05-11-2021, 12:49 PM   #7875
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by wannabe2700 View Post
If you guys didn't have any crypto, would you buy now or wait until it crashes?
do you understand what you are buying?
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