Mercer
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Everything posted by Mercer
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Technically speaking so many other coins out now work way better, Litecoin has consistently fallen in rank amongst other coins since I've been following crypto. Wrote a long post in here hating on it a while ago:
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No, I haven't used/held any of the stable coins yet, and would avoid tether at all costs during bear markets. There's a pretty strong consensus in the community that there's no way Tether is actually backed by any real holdings. They basically won't allow an audit, and at one point even boasted they were being audited, then fired the company doing the audit a couple of weeks into it. Gemini has released an audited stablecoin that's actually backed by real USD and in compliance with fractional reserve banking rules unlike tether. Truth be told if I would have moved everything into a stablecoin when the bear hit I'd be way up from where I'm at now, and there's no telling where the bottom is.
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@mn1_fuckos still open, it's the little green diamond next to $120 under the orders/mid market price chart. From 133.75 to 152.03, would have been a profit of $557.54 for the 30.5 ETH I ordered. Shouldn't have low balled at $114,.
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Nope, didn't buy back in yet. Made a limit order, basically saying if the price drops to (X) then buy (X) amount. I was hoping for another drop below 114 before this pump up. Now I'm going to have to wait, cancel the lowball order I placed and pay more, or change strategy. Looking at Monero now which is ridiculously undervalued at this point when compared to the rest of the market.
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Anarcho Communism in a nutshel:
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So decided to buy 30.5 ETH and just set up a buy order for that @ $114.5 No idea if it will dip that low again any time soon. Had 1.5 ETH on Metamask, and figured if I could hold 32, I'd have the minimum required amount for POS after the Casper release. Proof Of Stake, as opposed to POW (proof of work) which is how most cryptocurrency blocks are currently mined. Instead of wasting a bunch of electricity mining ETH using ASICs or Graphic cards, proof of stake allows you to set up a very inexpensive node, and process transactions for the network. This doesn't involve burning up processing power like in traditional mining, which wastes electricity trying to guess the nonce and earn a block reward. Instead of mining, 32 ETH can be staked, or locked up VIA a smart contract now creating a financial incentive for a node operators to operate as good actors, which would result in a loss of you staked ETH otherwise. You're still rewarded additional ETH on top of the Staked ETH you already hold, making this a better stream of passive income than traditional mining, and sustainable.
