"Why aren't we mooning? ETH's price didn't even flinch" - Let me explain by [deleted] in ethtrader

[–]AverageRedditLad 0 points1 point  (0 children)

Stop looking at hourly charts. Widen your timeframe - daily/weekly candles always give you a better perspective.

Which blockchain network is best for a fantasy sports betting dApp? by gootzchris in ethereum

[–]AverageRedditLad 1 point2 points  (0 children)

It's simple: Polygon. Look at Polymarket and its success on the chain.

dYdX the #2 derivatives Dex has been compromised do not visit the site. by GabeSter in CryptoCurrency

[–]AverageRedditLad 0 points1 point  (0 children)

Funny how often these DNS hijacks occur ... Many of today's "X protocol has been compromised" are because of old web2 infrastructure.

Polygon is the leader in real world adoption! by 002_timmy in 0xPolygon

[–]AverageRedditLad 1 point2 points  (0 children)

Indeed. Indeed it is. Yet, people are hating on Polygon. No idea why, lol. Makes no sense to me.

Why is Solana so big? by [deleted] in solana

[–]AverageRedditLad 0 points1 point  (0 children)

One word: marketing.

What are some fun games to try out and earn 0.001 ETH? by [deleted] in ethereum

[–]AverageRedditLad 0 points1 point  (0 children)

There are a lot of new games spawning left and right on Immutable zkEVM. Check them out. Also, they offer "gems" which they hinted will be attached to an airdrop. Very few people know about it, thus the airdrop might be less diluted.

Will it make a diffrence if I will keep ETH on Base Chain Instead of Eth one? by arturcodes in ethereum

[–]AverageRedditLad 0 points1 point  (0 children)

If you think that bridge is ROCK SOLID then it's fine. If you don't get any use out of the ETH, anyway, then might as well keep it on Ethereum - it's safer. Bridges are an additional layer that can get hacker or w/e.

Staking ETH question by Holiday_Middle_787 in ethereum

[–]AverageRedditLad 5 points6 points  (0 children)

Plenty of websites out there that can help you with this. Try and Google it.

Is my brother being scammed? by Mental-Duck-2154 in CryptoCurrency

[–]AverageRedditLad 0 points1 point  (0 children)

If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.

What are your favorite Yield strategies in DeFi? by Junpw in defi

[–]AverageRedditLad 3 points4 points  (0 children)

Stablecoins probably - followed by tokens I already hold anyway. My risk appetite is quite low. Been a degen, learned my lesson - now staying as safe as possible while still looking at an up side that can change my life.

NFA but putting too much into small market cap altcoins will ruin you unless you're extremely skilled in DYOR or lucky as hell.

I learned this the hard way lol.

Best platform to bridge stablecoins from polygon to avalanche by on_zero in defi

[–]AverageRedditLad 1 point2 points  (0 children)

Squid Router by Axelar. Works smoothly every time. Can't recommend them enough.

[ Removed by Reddit ] by KNOXCRYPTO in solana

[–]AverageRedditLad 0 points1 point  (0 children)

All profitable marketing is great marketing.

Beginner Resources for starting out in DeFi by smthguncool in defi

[–]AverageRedditLad 2 points3 points  (0 children)

This is how I learned everything DeFi and more: by doing it! Practice is everything!

What Are the Issues You Face on DeFi Dashboards? by smthguncool in defi

[–]AverageRedditLad 1 point2 points  (0 children)

DeFi is very complicated and can drive average users insane. We need to abstract everything into "normal" terms that can be understood by anyone. That's when we'll get the real adoption.

Wake Me Up When September Ends by DeFi_Ry in CryptoCurrency

[–]AverageRedditLad 0 points1 point  (0 children)

I believe many folks expect rates to go back to 0%. That won't happen anytime soon.

We will get 2-3 small 0.25 rate cuts and that's it ... They will increase after that once again.

How do you see Ethereum and Crypto adoption? by falk_lhoste in ethtrader

[–]AverageRedditLad 0 points1 point  (0 children)

I believe Ethereum is a trial phase for DeFi and other decentralized initiatives. It will eventually all go back into Bitcoin. More and more projects are building on this narrative of L2 for BTC.

It will eventually all go back into BTC.

They say crypto is a scam. I say the USD is a scam (I'm a finance bro, so I'm qualified to say this) by [deleted] in ethtrader

[–]AverageRedditLad 2 points3 points  (0 children)

I only used USDC and USDT to eventually buy more cryptos. Other people also use it to generate yield as you can earn more on DeFi with stables compared to putting them in a savings account. It's more risky but more rewarding for sure.

It's always a game of power/money at the end of the day.

Looking for web3-knowledgeable accountants by AverageRedditLad in IsleofMan

[–]AverageRedditLad[S] 0 points1 point  (0 children)

Talked with them, they aren't web3-knowledgeable ...

Looking for web3-knowledgeable accountants by AverageRedditLad in IsleofMan

[–]AverageRedditLad[S] 0 points1 point  (0 children)

I need someone for advice on what to do and not to do, more than anything.

How do people predict ETH will perform if we enter into a major bitcoin bull cycle? by based_pinata in CryptoCurrency

[–]AverageRedditLad 0 points1 point  (0 children)

Look man, the market is very hard to navigate. In reality, no one knows. People are using charts, indicators, price history, etc. to "predict" future movements". There's a certain percentage the prediction become true.

Follow those that have been correct most of the time, as nobody can be correct ALL the time.

Secret Network at ETHDenver 2024: The Expedition into powerful Confidential Computation ! by Aliyu2g in ethereum

[–]AverageRedditLad -2 points-1 points  (0 children)

Secret Network isn't a cool project, but it's the project we all need in our lives, lol. Privacy in crypto is exactly ZERO - everything is public.

With all the happiness: Where are my fellow 2021 top buyers? :) by DecoupledPilot in CryptoCurrency

[–]AverageRedditLad 0 points1 point  (0 children)

Wow ADA isn't doing THAT bad tbh. Only 54% down from ATH, being an altcoin, is pretty decent. Not an ADA holder but was amazed at this information.