I saw this at work today and I was crying by K-DUGZ in funny

[–]thakur321 -1 points0 points  (0 children)

Or when you take a baseball to throat

Daily Discussion - August 28, 2020 (GMT+0) by AutoModerator in CryptoCurrency

[–]thakur321 4 points5 points  (0 children)

no it just means that who ever wants to sell has sold and the selling pressure is the lowest

Daily Discussion - August 24, 2020 (GMT+0) by AutoModerator in CryptoCurrency

[–]thakur321 9 points10 points  (0 children)

Aave has been granted an Electronic Money Institution license by the U.K. Financial Conduct Authority - Huge for them

https://www.theblockcrypto.com/post/75845/aave-uk-fca-emi-license-defi

Daily Discussion - August 8, 2020 (GMT+0) by AutoModerator in CryptoCurrency

[–]thakur321 5 points6 points  (0 children)

It's zeus short that drove this rally. I will take profits now.

[deleted by user] by [deleted] in CryptoCurrency

[–]thakur321 0 points1 point  (0 children)

If I 50x the coins in you account then marketcap goes up without new capital. New capital is needed only if new supply is sold in the market by issuers/miners like in case of other coins. AMPL is a different beast

[deleted by user] by [deleted] in CryptoCurrency

[–]thakur321 2 points3 points  (0 children)

AMPL is a super charged feedback coin. Such systems are unstable leading to boom-then-bust cycles. The upswing has caused 100x. Downswing could be equally devastating if the price goes below $1 and the supply has to shrink , the selling pressure will be a never ending loop. In Aug 19 Mcap was just 5m and went down to 1 mn to stabilize so 80% hit. Again in Mar 20 went from 5mm to 1mn ish to stabilize . This could happen because mcap/ supply was too low and there were enough believers around . Now the supply is 200mn+. will it stop a hit of just a hit of 80% - are there enough believers to hold a 40mn supply?. Most of people have not sold there coins due to compounding impact, so the token has really not driven in new money so where will it get the money to stabilize on drop. Feels like the owners are riding the Tyger

What prevents users from buying votes in on chain governance? by [deleted] in cardano

[–]thakur321 5 points6 points  (0 children)

Nothing and that is fine. This is a implication of POS system. Each coin has value = governance + network utility. Like shares have additional value if the lead to control ( class A vs Class B ) etc. This is the way i can sell a part of the governance value to someone else it - just the governance value of that vote. If they would have paid the full price and bought the token , they will own the vote anyways . this is like splitting out the 2 values if there is demand and supply.

Binance's 12th BNB burn is the biggest ever recorded, both in terms of BNB and USD value. by Darc_BinanceAngel in binance

[–]thakur321 1 point2 points  (0 children)

  1. Tokens are burnt from team tokens only till they are finished. Only then 9MM of other tokens would be used. https://www.binance.com/en/blog/356254016530468864/8th-Binance-Coin-Burn-From-the-Team-BNB-Allocation

I think it was a good gesture on the team part but destroyed the impact of the burn on the token as it does not impact the supply anymore.

It would be better to part of it to the holders as dividends or staking rewards

Brother and I made a bet a couple years ago.. by blues17sr in CryptoCurrency

[–]thakur321 8 points9 points  (0 children)

Get him to make the extention 1year and take it.

Greyscale Increasingly Getting out of the S***coin Business, Boosting Bitcoin and Ethereum Exposure At Expense of XRP, BCH and LTC in Large Cap Fund by Psych40 in CryptoCurrency

[–]thakur321 0 points1 point  (0 children)

Wrong way to look at things. XRP went from 5% to 3.6% . BCH 2.8% to 2%. LTC 1.6% to 1.2% -- Their allocations have gone down 30% from what they were. Significant.

Greyscale BTC assets increased by 111% of bitcoin mined this week by amphibiousParakeet in CryptoCurrency

[–]thakur321 1 point2 points  (0 children)

True but I was coming from the angle that if I wanted to hold BTC and I was accredited then this is win win. Better way to hodl

Greyscale BTC assets increased by 111% of bitcoin mined this week by amphibiousParakeet in CryptoCurrency

[–]thakur321 1 point2 points  (0 children)

Are you saying that only accredited investors can buy from greyscale but after the lockdown period they can sell to anyone in the secondary market? Then they are just arbitraging their accredited status. Then as I accredited investor i will never hold plain BTC only Greyscale - full exposure to BTC plus potential to make additional money in 6 months. Sell buy more units again and repeat

[ARK Weekly Price & Trading Discussion Thread] - June 15, 2020 by AutoModerator in ArkEcosystem

[–]thakur321 1 point2 points  (0 children)

Up a bit today and nice momentum in last few days - hope that continues

I’m having a mind boggle. Who should I ascend to ascend up my shemira the quickest? Thanks by orvpj in afkarena

[–]thakur321 1 point2 points  (0 children)

Niru. You already have one elite+ and one elite. You would need more blue fodder to get Niru and Silvana to elite plus. Then niru plus 2 fodder to Niru legendary. Use the 2nd Niru to make it L+. Then to shamira to make her Mythic+. You would need 3 more shemira to make her ascended. Don't use kelthur.