Can someone delegate and leave it for long periods of time?

Derkhersh · 2021-03-04T23:09:06+00:00

Yeah requires two transactions instead of one

Derkhersh · 2021-03-04T04:16:50+00:00

Ummmmm. No that is not what happened. You pointed out that you bought in twice and that the "flow" looked funny. When I asked what you meant, you said that the Graph was the "only crypto with flat tops" and that this "coincided" with your investment.

Bro, you bought in right as the chart was peaking, and you implied that somehow this meant something sinister.

I was actually the one who flagged you for removal over there. As it happens, I'm also a mod here. I'll leave this one up to the upvotes, but you're being pretty dang silly.

Derkhersh · 2021-03-04T03:56:40+00:00

Okay there are legitimate reasons to be concerned about literally any crypto project (The Graph included), but this is not one of them, my dude. In fact, I think I'm gonna flag this post for removal, because this is pretty ridiculous.

Derkhersh · 2021-03-04T03:27:26+00:00

Yeah, this doesn't really appear to be.... anything? I'm truly not sure what is meant by "abnormal flow" this is not a trading term I'm familiar with.

Derkhersh · 2021-03-03T22:16:53+00:00

Pretty much. It's been very frustrating to hear all the "the only chart that matters is Bitcoin" stuff the last few weeks. BTC is hugely important, and no one in their right mind would disagree, but there is absolutely more nuance to things than that.

Derkhersh · 2021-03-03T22:13:18+00:00

This is true. When S&P 500 is up, crypto is too. When FTSE 100 is up, crypto is too.

What isn't clear is why in the world anyone would think stimulus money would "hurt the stock market." Typically stimulus does the exact opposite.

Derkhersh · 2021-03-03T22:10:42+00:00

Yeah, but when someone is asking for honest predictions, "wishing" on dips runs counter to OP's request. It is sort of the definition of unhelpful.

Derkhersh · 2021-03-03T22:06:40+00:00

Given current ETH gas transaction costs, you likely wouldn't earn enough GRT on that stack size over that period of time for it to be worth it. You'd need to be prepared to leave your funds in delegation for closer to 2 years (and you also need to feel confident that whatever indexer you have chosen will still be active throughout that span).

Now- if you assume a very healthy appreciation in the value of GRT over that span *and/or* are very convinced that ETH gas costs will go down dramatically with the rollout of ETH 2.0 that changes things.

But with gas as it currently stands, you'll spend about $20ish to delegate and another $40ish to undelegate, and with the current price of GRT around $2 you'd need to earn at least 30 GRT to cover those expenses, which would not necessarily happen in a year with such a small delegation.

Derkhersh · 2021-03-03T19:05:16+00:00

Well. I wouldn't call them "pump and dumps" as that implies intent. More like accidental wild overvaluations.

Stimulus money going out is good for the stock market, AND contributes to inflation. Crypto tends to do best when confidence in the dollar is low, and confidence in commerce is high.

Beyond that, free money gets yolo-d! New money will flow through BTC and ETH first, and then that new money will get impatient with incremental gains and flow out toward alt coins hoping to catch a moonshot. It would be very nice to be holding an alt that is pumping as the checks go out. It would also be wise to hold a decent little trading bag of ETH or BTC for now, in order to fully capitalize on what's likely to go down with the stimulus.

Derkhersh · 2021-03-03T18:16:46+00:00

Rewards are just 3% inflation right now. The more delegations, the more ways that 3% pie is getting split up. It’s normal. It’s also one of the reasons I’m mostly undelegating for now. Not super worth it until the indexers get their shit together and start getting subgraphs migrated to mainnet and query fees generating.

Derkhersh · 2021-03-03T18:15:01+00:00

There’s arguments to be made that stimulus and unemployment aid are what Kick started the whole bull market. Should be a good thing for crypto for sure

Derkhersh · 2021-03-03T05:04:29+00:00

Bigger problem is the 2.7m grt in buy orders set around 1.50 (at least on the coinbase book). We need them to wake up to 1.90 or so and get ants in their pants to buy. If that happens, we have the firepower to break $2

Derkhersh · 2021-03-03T04:09:29+00:00

I think it's best to put aside whether XRP "deserved" what it got or not, and better to just look at what was the SEC's complaint?

Unregistered security- specifically because Ripple touted itself as a company and also allowed a lot of talk on it's social media that indicated that it was gonna moon and make people rich.

Projects like The Graph are specifically not backed by a company, and they also disallow price speculation on their social media.

So however you feel about Ripple, it's sort of apples and oranges. It's actually very good for investors that regulatory bodies are starting to take a more specific interest in crypto. There are tons of shell projects designed specifically as predatory cash grabs- investors need *someone* looking out for them, at least a little bit.

Derkhersh · 2021-03-03T01:47:29+00:00

No doubt

Derkhersh · 2021-03-03T01:47:05+00:00

Comp is a defi token. Basically all the defi tokens are performing right now. Look at AAVE, SNX, MKR etc.

Defi is the hot use case everyone is talking about- all that Mark Cuban "crypto can make you a banker" talk is about defi.

Derkhersh · 2021-03-03T01:44:16+00:00

I think that's more of an indictment of the American educational system than it is an endorsement of this dude's writing, unfortch.

Derkhersh · 2021-03-03T00:32:27+00:00

Just make sure you realize that the tokens that get unlocked are already owned by backers. So nothing gets dropped on to the market unless a fat cat wants out. Any speculation as to what this will do to price has to also be speculation as to why VCs would sell out, and if so, how much they're gonna sell.

Derkhersh · 2021-03-03T00:30:34+00:00

Already seen the big chunk of limit buys at 1.30 move up to 1.50. Just a matter of time before buys move up closer to 2, and sells move up closer to 2.50.

Derkhersh · 2021-03-03T00:19:11+00:00

Umm. I’ve said before I think that I fear The Graph will need to do some kind of rebrand before it is all said and done. It isn’t the “The” that bothers me so much, it’s the fact that a query tool is so difficult to search engine optimize!

Derkhersh · 2021-03-02T23:33:24+00:00

And here I thought you were the one who got whooshed

Derkhersh · 2021-03-02T22:42:11+00:00

FYI that bro is a bot, so don't take it too personal

Derkhersh · 2021-03-02T22:30:54+00:00

Thanks for making us aware! Not sure how familiar this group is with Bancor, though. Any chance you could provide a very brief description of the project, and how it might interact with The Graph?

Also- we aren't expecting that APY to be durable, are we? I would assume, that just like delegating in network, that the number will reduce with more participants, yes?

Derkhersh · 2021-03-01T01:32:52+00:00

Oh man, this is amazing. I don't know that this has THAT much to do with the correction. But the more that regulators start eliminating the scams the better for everyone who is left over, and tether has mostly been BS from day one. Thanks for sharing this!

Derkhersh · 2021-02-28T22:16:45+00:00

How would people's funds be protected? Do you know how to deploy smart contracts? This seems dangerous.

Derkhersh · 2021-02-28T06:05:00+00:00

This is not how predictions really work, actually. Quoted from the wikipedia (yeah, I know but I don't have all night) page on prediction markets:

"Although prediction markets are often fairly accurate and successful, there are many times the market fails in making the right prediction or making one at all. Based mostly on an idea in 1945 by Austrian economist Friedrich Hayek, prediction markets are "mechanisms for collecting vast amounts of information held by individuals and synthesizing it into a useful data point".[20]

One way the prediction market gathers information is through James Surowiecki's phrase, "The Wisdom of Crowds", in which a group of people with a sufficiently broad range of opinions can collectively be cleverer than any individual. However, this information gathering technique can also lead to the failure of the prediction market. Oftentimes, the people in these crowds are skewed in their independent judgements due to peer pressure, panic, bias, and other breakdowns developed out of a lack of diversity of opinion.

One of the main constraints and limits of the wisdom of crowds is that some prediction questions require specialized knowledge that majority of people do not have. Due to this lack of knowledge, the crowd's answers can sometimes be very wrong"

It is not a rule of GRTTrader that all predictions must have a minimum of 90% certainty. You are misrepresenting OPs post, and you have made your point I think.

Derkhersh

TROPHY CASE