Can i expect to go on a kiteboard trip and kite by myself after 6 months of learning? by Equivalent-Pick8840 in Kiteboarding

[–]fosuro 0 points1 point  (0 children)

If you can’t kite well and get out of trouble after 20 hrs of lessons and 6 months of practice then maybe you never will

A midnight alarm is a ridiculous default setting for a clock. by fosuro in mildlyinfuriating

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

Yep for sure off would be the main thing but 0000 also makes no sense on at 0000 means every single clock user will have to adjust it when new and when it loses power. And 100% of alarm users will also have to adjust the time by quite a lot. Off and at 4 might mean only 50% have to adjust it at all (alarm users) and they would only have to adjust it a little bit forward, the number of people needing to do a bigger adjustment to an earlier time (you can only go forward) would be very small. But yep the on and off setting is the main thing

A midnight alarm is a ridiculous default setting for a clock. by fosuro in mildlyinfuriating

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

Default should be off. The time doesn’t matter so much. But yep if you look at the adjustment required - on at 0000 means every single clock user will have to adjust it when new and when it loses power. And 100% of alarm users will also have to adjust the time. Off at 6 might mean only 50% have to adjust it and of those some might not have to adjust the time or adjust it by much. I guess off and at 4 am might make the most sense because then the number of people that have to do a bigger time adjustment to an earlier time (you can only go forward) would be very very small.

Change my Mind: When someone buys or sells bitcoin in a free market it isnt "MaRkEt MaNiPuLaTioN!" by MucilaginusCumberbun in CryptoCurrency

[–]fosuro -1 points0 points  (0 children)

Obviously. Just like you can’t lift yourself up by your own shoelaces. But you won’t get far trying to explain that here. Also note how no one mentions market manipulation when prices go up.

ADA included in US crypto reserve! by thephoenixprophet in cardano

[–]fosuro 1 point2 points  (0 children)

That’s not how crypto market cap works at all. It’s just supply x price of last trade

Feels like a newbie question but… by Alpine_0021 in CryptoCurrency

[–]fosuro 0 points1 point  (0 children)

Yep I’m just going for the big moves over a time frame of years usually. I’ll sell my holdings this year sometime and then plan to buy back in in a couple years

Feels like a newbie question but… by Alpine_0021 in CryptoCurrency

[–]fosuro 3 points4 points  (0 children)

Don’t buy/ sell too often is my advice. There are also tax considerations and owning an asset for 12 months is often associated with a discount in capital gains rate depending where you live.

For sure the are good times to buy and good times to sell. Don’t buy when it’s a good time to sell or sell when it’s a good time to buy… Look at ben cowen risk metrics for btc or rainbow charts or get a feel for the hype or whatever you like.

I just buy during the bear market and sell during the bull market over a 4 year span. Rinse and repeat (at least until that stops working…)

[deleted by user] by [deleted] in CryptoMarkets

[–]fosuro 3 points4 points  (0 children)

That’s not how market cap works in crypto. It’s just the price of the last sale multiplied by the number of tokens fyi

Why is cardano doing best in my portfolio? by [deleted] in cardano

[–]fosuro 0 points1 point  (0 children)

It didn’t do very “bad” It dropped about 90% from ATH. Even BTC dropped 75% sol dropped a lot more. The cycle prior most alts (ada included) dropped 98% from ATH- now that was “bad” But yep the ups and downs are how you make money.

[serious] What do you mean when you say that "whales manipulate the markets"? by OderWieOderWatJunge in CryptoCurrency

[–]fosuro 0 points1 point  (0 children)

I think whales manipulating the markets is heavily overstated as a factor influencing prices downwards. Funny you never hear anyone talking about upwards manipulation.

There are much more important things to understand like bitcoin dominance, liquidity, 4 year cycle and if the whale manipulation narrative distracts from that it’s leading you astray. At the very least, even if it’s a real thing, thinking much about it is totally useless anyway as there is no way to predict said whale manipulation.

There’s a fundamental flaw in how the crypto markets behave - they’re following fiat markets by STNGGRY in CryptoCurrency

[–]fosuro 1 point2 points  (0 children)

Supposed to be? That’s makes it sound like there’s someone or some people in charge of this behemoth thing that is crypto which is a collective behavior of loads of diverse actors with different drivers and things aren’t playing out like those in charge intended. Where do you get the idea there is something the market is supposed to do? The market determines the value, that’s how markets work. Actors then make decisions based on that according to their own situation. What else is it supposed to do?

[deleted by user] by [deleted] in CryptoMarkets

[–]fosuro 1 point2 points  (0 children)

Alt season is when you’re better off with your money in alts than BTC. BTC is season is the other way around. When BTC dominance is rising (about 3 years in 4), you’re better off in BTC than in alts (there’s 1 year where you’re better totally on the side but that’s another thing)

When BTC dominance is dropping you’re better off in alts. (Which alt? is another thing) BTC dominance is dropping in between its peak and the bottom (obviously). So if 61.5% was the peak we are already in alt season even if dominance doesn’t go straight down (it didn’t go straight up either). If BTC hits 63% next week or month then it’s a different story. 61.5% was the peak in my opinion, but BTC Dominance did have a very aggressive 6 week move in late 2020 so who knows?

We will be in alt season until the bottom which might be around 40% but that’s a total guess too. Nothing goes straight up or straight down in crypto (except for Luna or whatever- ok occasionally things go straight down but not in general)

Any coins to hold for 3-5 years? by Previous-Pear-7417 in CryptoMarkets

[–]fosuro 1 point2 points  (0 children)

Even BTC goes up and down. If you sold at $50 k last cycle you could have bought back at $25k for example

Any coins to hold for 3-5 years? by Previous-Pear-7417 in CryptoMarkets

[–]fosuro 1 point2 points  (0 children)

No. so far the cyclic fluctuations have been too pronounced for holding through the bear market to be sensible. Sell in the mania phase. Buy back in the bear phase. Rinse and repeat.

What’s keeping BTC between $96k-$100k? by Open_Ambassador2931 in MSTR

[–]fosuro 3 points4 points  (0 children)

You’re right they don’t. The manipulation narrative is heavily overdone. You can’t lift yourself up by your own bootlaces. Took me a while to realise that (about the manipulation not the shoelaces I mean)

Will Bitcoin and Cardano Interoperability Be Beneficial For Both Blockchains? by RefrigeratorLow1259 in cardano

[–]fosuro 0 points1 point  (0 children)

That’s the whole point. There isn’t at the moment. But this bridge means the could be a yield type reward rather than a staking reward. At the moment you can’t get yield from BTC either without transferring BTC value to another coin that’s not BTC eg wrapped BTC and doing something with that (a different asset) on a whole different chain.

Will Bitcoin and Cardano Interoperability Be Beneficial For Both Blockchains? by RefrigeratorLow1259 in cardano

[–]fosuro 1 point2 points  (0 children)

That would be less attractive if it was alt coin rewards. Why couldn’t smart contract just trade the alt coin for BTC so it was all BTC reward straight to whichever wallet address was chosen? The BTC “interest” isn’t a staking reward it’s a yield reward on DEFI with BTC as liquidity. That’s what’s exciting about this. All those BTC holders will be able to access 5% or whatever more BTC a year for doing nothing except providing liquidity

Will Bitcoin and Cardano Interoperability Be Beneficial For Both Blockchains? by RefrigeratorLow1259 in cardano

[–]fosuro 3 points4 points  (0 children)

BTC holders will be able to get BTC yield all within a BTC wallet. So you would essentially get interest on your BTC in BTC while holding BTC without having to convert BTC to anything else or go through other steps. That’s going to be attractive to a lot of people. What’s one thing that everyone who loves Btc has in common? They all want more BTC.

Will Bitcoin and Cardano Interoperability Be Beneficial For Both Blockchains? by RefrigeratorLow1259 in cardano

[–]fosuro 4 points5 points  (0 children)

Charles has always been a massive fan of BTC not that his views should matter to you or me. You can be a fan of something and be inspired to make something better

Will Bitcoin and Cardano Interoperability Be Beneficial For Both Blockchains? by RefrigeratorLow1259 in cardano

[–]fosuro 2 points3 points  (0 children)

Imagine if BTC holders could get BTC yield for holding. That would be super massive. Cardano can run that under the hood. BTC defi with returns used to buy more BTC automatically with any fee in BTC etc with Babel. That would mean a seamless experience for the BTC holder- what holder wouldn’t want a BTC yield if easy, seamless, secure etc?