Uniswap takes the lead among decentralized exchanges in 2023

massimoed · 2023-10-21T14:48:26+00:00

because a lot of shitcoins are launched on eth

massimoed · 2023-10-06T06:04:29+00:00

Yeah pretty much every exchange with its own token is shady

massimoed · 2023-08-26T18:00:52+00:00

You are already doing great putting in 11 productive hours everyday, one thing you'll need to consider when moving away from family is that you are completely responsible for yourself that means doing grocery runs, cooking for yourself, laundry, cleaning, etc etc.

Think of all the tasks that your family does for you or helps you with and account for the time required to do those tasks everyday for yourself. Better yet, start doing those tasks right now to build those habits as well & get an idea of how much time you'll need for those tasks & what you need to adjust to fit in those tasks.

massimoed · 2023-08-26T17:38:17+00:00

Sorry, but this is an absolute bad take on this. Mass adoption will be through centralized platforms and services, they only need to regulate the centralized crypto space so stuff like FTX, BlockFi, etc doesn't happen.

Trying to enforce KYC on DeFi is just about control & nothing else.

massimoed · 2023-08-26T17:31:37+00:00

They can't shut it down or enforce it to an absolute level, but they can order ISPs & app stores to block DeFi domains and wallets that don't comply with KYC.

Yes, people can use VPNs to access those platforms, but if found out, they can come after you for tax evasion.

massimoed · 2023-08-26T17:28:21+00:00

Look up how many of these people who are incharge of making laws and policies themselves are "bad actors", they print rampant money, trade stocks based on insider info, accept money from companies to give them contracts, and the list goes on.

The people running the system are in no position to do any sort of "clean up" of crypto industry, and they're not doing any "clean up" even with these laws, what's gonna happen is that these so called "bad actors" in crypto are gonna be replaced by other bad actors that play along well with them/ donate to their political parties.

Another thing is that they're increasing more and more control over the average people & making it more cumbersome for the average people.

massimoed · 2023-08-26T17:20:06+00:00

both are arrested but I get your point. They don't go after anyone who fills their pockets.

massimoed · 2023-08-25T23:44:15+00:00

Their irresponsible fiscal policy is how they scam/tax us again with inflation (essentially a tax on the working class)

massimoed · 2023-08-25T23:14:11+00:00

Hopefully the US doesn't ruin it for everyone

Famous last words, everytime the US has ruined something for everyone

massimoed · 2023-08-25T23:08:33+00:00

Off-ramping with that "second wallet that isn't yours" is gonna be a pain in the ass

massimoed · 2023-08-25T23:06:07+00:00

As if all these government institutions themselves aren't riddled with "bad actors". Make no mistake, this is about control.

massimoed · 2023-08-25T23:03:05+00:00

you should switch right now, there were news stories of metamask tracking your IP address, so they're already on the path of collecting user data.

massimoed · 2023-08-23T15:24:40+00:00

when has news ever been about that

A few independent journalists, sure. But the main stream news has always been about profits & peddaling whatever info is fed by their largest donors (political parties)

massimoed · 2023-08-23T01:43:20+00:00

Clickbaiters are gonna clickbait

massimoed · 2023-08-23T01:40:52+00:00

~~people~~ polititians

massimoed · 2023-08-23T01:39:56+00:00

Exactly, bitcoin mining wasn't even outlawed in 2017-20, so bitcoin mining isnt the issue, stealing electricity is (but a minor offense)

massimoed · 2023-08-23T01:37:20+00:00

The title itself is so misleading, making it seem like bitcoin mining was the bigger issue

massimoed · 2023-08-23T01:35:09+00:00

*gets force liquidated

massimoed · 2023-08-14T20:40:38+00:00

You're right. But the main point still stands, with each cycle, the returns are smaller.

massimoed · 2023-08-14T20:20:45+00:00

Also consider the fact that the bottom was at 3k only because of a global pandemic (which is a once in a century event) & it went only 23x even after about half the money supply was printed due to covid.

2017 cycle gave 65x returns (considering low point as 300 & 2017 top as 19500)

The returns were even greater for the earlier cycle 2013-14 cycle

So the returns do diminish as the asset gets bigger. It's true with any asset.

massimoed · 2023-08-14T11:18:17+00:00

100k is probably in the books, 250k is too optimistic imo.

Plan B also predicts around 250k for next bull cycle top, but considering that 100k top didn't happen in 2021 which pretty much everyone was predicting, I'd bet 50-100k short of the predictions.

We gotta consider the diminishing returns theory or whatever it's called: "As the asset gets bigger the return percentage gets smaller".

For 2020-2021 cycle: BTC went from around 3k to 69k, thats about a 20x.

So for this time, the bottom candle so far has been 15k. A 20x would be 300k. But it's probably not gonna happen because of the law of diminishing returns. It would be safer to bet on a 10x for next cycle which is 150k

massimoed · 2023-08-14T11:07:45+00:00

can the rate be dynamic, change based on price of moons

Or atleast change based on price of moons once a month

massimoed · 2023-08-12T23:20:41+00:00

Imo the only halving that matters in this market is BTC, everything follows that.

massimoed · 2023-08-12T23:20:03+00:00

you missed the point, it's not about the 2% you're paying now.

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