Looking at a lot of the trades, they are being bought by dummy wallets to run up the prices.
Like most NFTs, this is just speculation garbage with probably a couple rubes buying at .4 ETH or something while most trading is just between the same dozen wallets + their sockpuppets.
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Originally Posted by MrMastodonFarm
Settle down there, Temple Grandin.
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Looking at a lot of the trades, they are being bought by dummy wallets to run up the prices.
Like most NFTs, this is just speculation garbage with probably a couple rubes buying at .4 ETH or something while most trading is just between the same dozen wallets + their sockpuppets.
I just assumed this was the case because well a Venn diagram that intersected both Trump and Crypto would always result in an intersection that could be labeled 'thieving lying grift', glad you confirmed what I just guessed
More than 100 bitcoins tied to the defunct Canadian crypto exchange QuadrigaCX were transferred out of cold wallets thought to be beyond anyone’s control over the weekend, after sitting dormant for more than three years. The company's bankruptcy trustee, Ernst and Young, did not initiate the transfers, CoinDesk has learned.
Blockchain sleuth zachxbt said on Twitter that the majority of these funds, nearly 70 BTC, appear to have gone to Wasabi, a coin mixing service. It is unclear why EY, a well-established financial services institution, might want to use a crypto mixing service, whose primary purpose would be to obfuscate the source and destination of funds.
UPDATE (Dec. 19, 20:50 UTC): Adds additional detail and confirmation that EY did not move the funds out of the wallets.
Venture capitalist Tim Draper thinks bitcoin will hit $250,000 a coin by the middle of 2023, even after a bruising year for the cryptocurrency
marked by industry failures and sinking prices.
Draper previously predicted that bitcoin would top $250,000 by the end of 2022, but in early November, at the Web Summit tech conference in Lisbon, he said it would take until June 2023 for this to materialize.
This is up there with those religious nutbars who predict the end of the world then keep pushing back the date when the world, surprisingly, doesn't end when they say it will. It's ok to just admit you were wrong, Tim, you just look more ludicrous when you double down instead of accepting reality.
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Better educated sadness than oblivious joy.
Bitcoin Maxis are their own special kind of stupid.
But no I still believe in the technologies, which is why I work part-time with a handful of projects building actual infrastructure, not NFT bull#### or ponzi gambling platforms.
Bitcoin Maxis are their own special kind of stupid.
But no I still believe in the technologies, which is why I work part-time with a handful of projects building actual infrastructure, not NFT bull#### or ponzi gambling platforms.
Do you think Bitcoin will be mined out to the 21m total?
1. Hex - Immutable blockchain COD. You mint your own coins, stake them and earn yield. The more you stake, and the longer you stake, the more yield you earn. This project did a 10,000x in the last bull. If it gets back to it's all time high that would be a 15x, but I think it'll do way better than that. I know a guy who got in at the start, had ~100,000,000 of these and watched it's price shoot all the way up to an all time high of 55 cents. It's down to around 3 cents now and has been holding there for most of 2022.
2. Pulsechain - A copy of ETH 2.0 built by the same guy who built Hex. Already over 130 projects are ready to be launched on it, plus it will be providing a copy of everything on ETH which should hopefully result in plenty of users and traffic. It's going to cut gas fees and transaction times down to a fraction of what you get on ETH.
3. Pulse-X - The DEX for Pulsechain (What Uniswap is to Etherium)
4. Hedron - Built on top of Hex to provide more potential benefits to Hex stakers. You can stake this coin as well and earn yield in the form of a coin called Icosa.
I've been DCA'ing into Hex and Hedron. Sacrificed for Pulse-X and will be buying more of it and Pulsechain when they launch, hopefully in the next couple months.
I think anyone DCA'ing into these projects will experience huge gains in the next bull but who knows. If I knew that for sure I'd be putting a lot more money into them than I am.
Pretty much everything in crypto is going down and has gone down 85-95%
Most of the scams and poorly run garbage has gone belly up or been rug pulled, and wish they'd only dropped 95%.
Hex is still up 35000% from it's all time low.
I'm not going to tell you or anyone what to buy, but someone asked what projects "I" thought were good ones, and I listed them.
I bought more Hex last week, time will tell if I'm just another gullible moron falling for a ponzi scheme.
Either way, I still wouldn't listen to any advice Mike Alfred gives out. Actually I would listen to it, and probably do the opposite.
I think the problem at this point is while everything to do with crypto doesn't have to be a scam and there is no reason for crypto not to have a legitimate place in the world it seems pretty clear every actor in the field is a lying grifter, I dont know how anything grows from that
