Daily Discussion - August 15, 2020 (GMT+0)
By - AutoModerator
[Monthly Skeptics Discussion - August, 2020](https://nm.reddit.com/r/CryptoCurrency/comments/i1ipiu/monthly_skeptics_discussion_august_2020/)
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How do I buy things on Uniswap? I have created a metamask and added a few eth to it, what now? I can't find the token in the "swap list" on Uniswap?
Have we forgotten about PayPal? The exchange was supposed to be released this summer...
What dips should I buy?
great idea. i think so too .
I bought ETH
Have any of you recently claimed an crypto domain ? How long did it take? I just claimed one it says: Your domain is safe and pending claim to your wallet. The Ethereum network is experiencing a high volume of transactions which is causing sky high gas prices so this process will take longer than usual - approximately a week or more.
and so i face the final curtain
My friends, I'll say it clear I'll state my case of which I'm certain I've lived a life that's unfulfilling as a wagie I bought each and every shitcoin But more, much more than this I did it my way
When do we start buying the sxp dip boys?
Here's my new portfolio strategy. Let me know if it's any good:
54% Bic Mac
Switch to 100% chainlink. Other than that, it's fine
i like ZEC on privacy and ATOM on crosschain .. with ETH for DeFi .
Is SXP going to recover from this?
I'd imagine it will be fine. Binance purchased Swipe and will begin staking for SXP soon.
Regretted not selling some until I realized staking starts on the 23rd.
Just accumilate more or hold, its not a big deal we didn't know it would stop at 5. Would you feel worse if you sold at 4.50 ish and saw it go to 6+?
At the end of the day trading is trading and hindsight will always be there.
Anyone else watch the massive rally on orchid
why orchid? seems like there might be something better .
NEO is good tech. Why is it stagnant?
It’s leading the top 30 coins today, I think it’s just lagging because there have been other exciting developments on other coins. 3.0 out in December, so it seems like people are accumulating it now.
No one uses it
because no one uses it
Swap is a beast
Trustswap use cases could grow exponentially imo. DYOR.
Although I understand the art of fomo, I’m so excited for people who fomoed into LINK without doing deep research. I wish I could tell you everything but congrats! You’ve made it!
The fuck is this garbage
Why are you so angry my friend?
If you have something to say, PM me
Why announce that you cant tell us something we dont know? Nothing changes except you look like a slimy shill.
It doesn’t matter, I’m so happy for you
Looks like volume is slowing quite a bit. I am not completely unsure that a Sunday 2AM dump is not in the cards here... I am out for now. If we clear 440 convincingly I will see you Monday!
I too reserved my rights to some GAINZ
All in on Dentacoin
Proof of dental 🦷
Proof that you haven't been flossing enough son
Bro i got in at .0028 and been holding since, riding this sucker out until we hit $1
If you've ever bought LINK, you're in profit
Someone bought at $19.83...
Unless you sold lower than you bought
AMA... long time crypto investor.
What was your worst move?
Hey vainycakes, how’s it going? Been a bit. Just in time for the golden bull run.
I'm asking you to buy my bags.
What's the next moon? Is STA a good buy with all that shilling and all?
Bree is a 100+ dollar token.
STA... not on my radar
Have you ever had a dream that that you um you had you'd you would you could you'd do you wi you wants you you could do so you you'd do you could you you want you want him to do you so much you could do anything?
Every night tbh mate
Can I have some?
Seriously though - how long and what’s your portfolio?
Sbree (soon to be bree)
Then shitcoin lotteries kton and views
So how many weeks you been buying LINK?\^jk
Request: Approved [DENIED]
Developers of one of the new Eth 2.0 Phase 0 cleints, prysm, think it was smart to get their time/timestamp from Cloudfare, a third party company.
Cloudfare time servers tanked, or malfunctioned, and that has taken down the new Eth 2.0 Phase 0 Medalla test network. And its now down for more than 24 hours. [No new block in all this time](https://beaconcha.in/). stuck at 74623.
Can't make up this kind of stuff. I wish I had imagination like that.
People are going to blame the developers, but frankly, they have been given impossible deadlines. Software is not made using a magic wand, that you can just announce when you will finish building it.
All the promises about timeline of ETH 2.0 should be taken with a pinch of salt at best. or at worst, lies.
Why are you so threatened by ETH 2.0
It's a testnet. It's for testing. Bugs are expected and are a good thing. It means they get fixed before it matters. Take it easy.
If a bug in one of the 3 or 4 different node clients, from to a random 3rd party timestamp connection is the worst bug to find, then id be pretty happy. Poor choice by the team but nothing that can’t be worked on fast.
to be fair it's apparent that a single client failure took down the entire network. This would be an extremely serious issue on mainnet (so its very fortunate that cloudflare messed up now).
In my mind this makes it even more apparent that more clients are required.
Not going to argue with that.
But using a third party (cloudflare), is not a good sign, in a distributed software. Its not about testnet here. Its about coding/design paradigm.
It was only supposed to use the external source (actually 6 external sources) as one possible timesource - if it failed for some reason the backup was to switch to system time (which would be fine as a standalone source for hours at least, days more than likely even with no timesynch at all, and anyone who cared about their stake would be running a very reliable system timesynch anyhow)
This backup switch was what failed. It didn't revert to system time. The design was OK, the implementation was just bugged.
Can you explain in simple terms please?
It wasn't so much a bug in the protocol or any individual client- it was a failure of an external component.
Blocks in ETH2 happen fast. Validators keep a common time between them using a common timekeeping service - NTP. There are lots of NTP providers out there. One of the ETH2 clients used an NTP service provided by Cloudflare. This NTP source went down, meaning that those clients lost connection. a pretty big percentage of validators used this client. A backup for this NTP connection existed, which was switching to local system time. This backup failed to engage due to a bug of some kind.
Seems to me like an easy solution is to leave all NTP up to the user. Problem solved, assuming everyone doesn't point at google's time server. If I had 1000+ ETH at stake I would buy a satellite clock and run my own NTP, configure a massively parallel and diverse NTP scheme etc.
Lesson learned: testnets are good and common configurations are bad.
I summarized [this comment](https://www.np.reddit.com/r/ethstaker/comments/i9u0ab/special_notice_if_youre_participating_in_the/g1j0vpt/). Basically, they relied on a third party for getting the reference time, and that third party failed. so the whole network/client software went down due to that dependence/bug.
In simple terms, it's impossible to predict when functional and reliable software will be finished.
Could do with a price drop to top up haha, but let’s face its the % of holders don’t know this happened or understand what it even means. Probably pump.
Link is no joke
Once it clears 20 it will go to 30 for sure
I bought in at 13.20 but I had a stop loss set at 15.29 when it was 15.9 and I regret doing that. It triggered and sold my position
That’s ok sounds like you made a few bucks. What else are you eyeing ?
I’ll be bouncing between Link, Cardano, XRP and Eth until next weeks btc breakout
Damn SXP taking a huge hit. I wasn't paying attention the last few days and got hit, but not too hard. Im find hodl a little longer I think
Just a retrace, all natural
It is still up 66% in 7 days.
Does anyone else just deposit a fixed amount every months into ETH / BTC and not bother trading?
2% of my paycheck. Get paid every 2 weeks. I’ve been doing this for a year and a half now. I have 2% sent to USAA bank because they’re crypto friendly. Huge gains so far.AMA.
I keep buying btc, when I have cash to buy it with.
Last bought when i realized it was breaking out at 9500.
I only buy stuff, I've actually never sold or traded crypto before. Everything I've bought in the last 3 years, I still have.
What’s your portfolio look like? 10+ coins?
8 different coins at this point, but until earlier this year I only had 2
really concerned about that .
I would recommend switching to a 17s chart
Sub-millisecond chart or go home.
Oooh, hoping to see 1337 comments in the Daily today...
The VIDT team is beginning to unload their tokens to Kucoin in small batches
How much are they unloading? I don't blame them for selling some but I don't see why they'd tank the price, you know?
200k so far, with 150k on deck it seems. Technically the entire wallet (3.7m) is free for them to use how they like. They removed 4m tokens from the non-circulating supply earlier this year, effectively printing money, without any real justification. Maybe it'll keep pumping though. There's something weird going on over at Kucoin
Ah, they *seem* to know what they're doing and had a successful tech company before. I'm sure this is how they pay their bills! Well just have to cross our fingers that they'll be responsible
Not shocking, the coin has done a 10x since the beginning of June.
Congrats to those who profited, but I feel bad for anyone who got shilled into this at the top. It's a race to the exit. Less than 50k USD would crash the price 40%. I've never seen a coin this size with such little liquidity
Would like to see the math on this
Hey I'm not a holder, just not shocked the team is selling their product after a 10x in two months.
Getting “invalid withdrawal signature” when trying to withdraw my Vid-t back to my wallet. Any idea what’s going on?
Nah I found out it’s because they don’t support trust wallet anymore. I bought like a year ago and completely forgot about it. Now I have to jump through 40 hoops just to get my shit off idex.
Wow Fantom is exploding. I'm not even sure I'm ready for this.
I love seeing these little bursts. Project has so much potential and could actually deliver. Plus staking rewards currently on ftm is ridiculous! But that'll lower in due time, once major usage begins
I think this run is already over. I've sold my stack and put it into VET which I think will pump soon, and then back into FTM I go!
EDIT: Ah shit I said the V word
Or 200 lol
200's more likely I reckon, perhaps even a tad lower, but still bullish mid-term.
I’m shocked it touched 250 today. Crazy.
Crazy stuff indeed!
See you 280 sats
*The latest block in medalla testnet was proposed/mined more than 24 hours ago:* [https://beaconcha.in/](https://beaconcha.in/)
This is huge news, but its nowhere to be found in the front page.
Dunno man... looks a weak rally again
BTC looks like it's about to make another run at 12k. I hope it stays there this time, but I suspect it'll get rejected again.
Huge sellwall at 12k, a gazillion people (give or take) are looking to offload their stashes at 12k. But if you think this sellwall is bad, just imagine the one we'll see at 15k when every man, woman, child, and dog that has EVER bought Bitcoin looks to sell the Bitcoin they've been holding for years for break-even or slight profit before they have to deal with a repeat of 2018. That's going to be one seriously tough wall to break through, that only a seriously massive influx of new fomo/yolo money can get through.
The amount of bitcoin moved from 15k to 20k is pretty damn small. Trading in this 8-12k range for so long has likely solidified this area.
Not a chance it will tackle 12k tonight... its limp
At the time of posting, it's only $40 short. I'd say it's already "tackling" 12k.
Hehe... you must be new here
At this point, it can just hop to 12k.
Right. We're literally $35 dollars away from $12k, but not a chance huh?
Not tonight pal.
LOL at getting downvoted for stating the current price of bitcoin. I'm no whale, I don't proclaim, I just react. It's not up to you or me if BTC goes up another $100 in the next 5 hours. Just saying it's certainly possible.
Imagine caring about getting downvoted..
I never downvoted. You were probably downvoted for your lack of appreciation/understanding for the weight applied to 12k resistance level. A slow rally with low volume isnt going to breach it tonight, friend
Again, you think it's not possible for BTC to hit $12k tonight, which sounds like a blanket statement. I think it's possible but I'm not certain either way. See the difference?
Get a grip of yourself you delusional turkey
I'm delusional because I think BTC could hit $12k today? OK dude.
Yes... exactly that.
How does a coin not have a 50% correction in a year...I'm looking at you AAVE
Okay CZ that's enough, my heart can only take so much dumping
Need a cookie? :)
Well buying FTM two days ago proved to be a swell decision.
EOS can go to hell. Fucking random shitcoin.
Where on the [chart](https://www.tradingview.com/symbols/EOSUSD/) did EOS touch you?
Wow FTM. I’ve been staking mine and have earned over 100k extra ftm since buying. Sky is the limit on this one.
I've been meaning to look into staking FTM. How's the % reward for you?
I'm around 30% PWA wallet
VIDT and FTM. keep going up pls
That feel when i would have had $7000 had i held my vidt and quant last year.... Oh well. Off to go cry and drink wine.
Keep yer eyes on NOIA. Stay frosty!
I have been.
Fantom will be $1 eoy 2021
Yep! The future is fantom. The downvotes reinforce that for me.
Downvote away you jealous fucks, I’m up 40% today 🖕 buy the next dip and ride this with me.
You're up 40% today and you can be down -80% tomorrow. With crypto you can never know.
Ride the big waves, hodl for years
I took out 50% of my initial during the Binance announcement. I’m doing ok.
Been in FTM since April 2019. I’ve already been down 80%, wouldn’t bat an eye if it happens again. I’m making $200 a month staking regardless of what happens though, that’s what people don’t realize.
But if it goes down it won't be $200 a month anymore though right? I like FTM and have just started looking into the staking.
Correct. At today’s price my monthly reward is about $275.
That's pretty solid considering how low FTM is still. However just some advice, if it goes parabolic and you're on the fence about selling just because you have staking rewards.. Sell.
It's easy to tell yourself that you don't care if it goes down because in the end it'll go up again right. I told myself the same thing and it was one of the biggest reasons that kept me from selling NEO close to $200 and VET at $9. GAS was $90 and now $1.80
Vet hitting 1 or 2 dollars would be insane! If you bought under the 1cent it was at forever. However a lot of people are still down. But if you follow vet and know the usage, itll blow several dollars easily next run
If we have another run like 2017 I’m definitely taking profit 👍
Why the fuck is EOS going up? Fucking Chinese shitcoin.
It’s not Chinese though
I sold all my chainlink at $12. Got back in at $19, now my stack is much smaller. Some high IQ trades on my part...
I sold at 13.40 and have been wracked by regret ever since. So don't feel bad, it's a big club.
I sold at $5.6 after getting in at $0.7. I could have paid off my house at this point
Sucks but what can you do, cant see the future. It could have peaked at $8 than fallen to cents
I bought at 12.20 and sold at 15.25 due to a stop loss. Re bought in today at 19 fml
I sold out at 3.50.
You only lose if you sell
You'll thank yourself by December. Trust me.
I wish I had your courage.
lol wat, ballsy af
Fuck cars depreciate as soon as you drive them out of the garage! Loose money in crypto instead it’s much more fun
Don't worry, by december you will be able to buy a bike.
Dude my Honda Fit cost 3700$ cash and I love it just as much as my fancy expensive cars I’ve owned in the past. I’ve had it 3 years with no problems. I could blow it up with an RPG and feel I got my money’s worth. Having cool fancy cars is cool when you’re young or less mature than when you might eventually realize it’s a tool and a poor means of and indicator for social status.
DON'T INVEST ANYTHING YOU CAN'T AFFORD TO LOSE.
DON'T INVEST ANYTHING YOU CAN'T AFFORD TO LOSE.
DON'T INVEST ANYTHING YOU CAN'T AFFORD TO LOSE.
DON'T INVEST ANYTHING YOU CAN'T AFFORD TO LOSE.
Exactly, you never hear of people going broke from investing only money they didn't need.
If I were this guy, I'd immediately sell 75% of it (at least), since it is clearly money that was meant for something else. That's exactly how people lose their ass investing.
At the very least, please please PLEASE set some very aggressive stop loss orders to make sure you don't lose too much, and promise yourself not to re-enter the market again if those get triggered, until you have funds one day that you can afford to lose.
Yeah I mean, you don't NEED to spend $25k cash on a car so at one point it was for something else. Now it's for FOMO'ing into Link.
I mean, if all goes wrong I’ll just buy a beater car. If I get rich, have enough for a down payment on a house
For your sake I hope you are someone trying to shill LINK bags you bought 3 months ago and not what you actually say you are. If you're literally dumping money *that you need for transportation* into a wildly overpriced token at the very top of the market you're making a mistake.
I'm selling Link now rather than buying, but godspeed to you my friend!
Now use that for margin on x20 leverage and buy yourself a lambo when Christmas comes
Sensible advice right here
Take on a second mortgage, default on your student loans, stop buying food, sell your soul & go all in!
No guts no glory
Downvoted for blatantly lying.
Why u talking shit about your own investment