For Floor asset NFTs, the land grab might be in the next bear market. But its tricky, its always an interesting question of whether the price they are trading at right now is a good buy vs the price they will be at the depths of the next bear market. For some projects it will be way higher and buying now is the right play, for some they will be lower
The Cryptocurrency Trading Journal
- Thread starter Daal
- Start date
Remember when Facebook, Twitter and Instagram gave you free money for being an early adopter of their platform? Yeah, me neither but Ethereum Name Service gave me 4 grand for being an user of their naming service
https://www.coingecko.com/en/coins/ethereum-name-service
That pretty much pays for ALL the ENS's I have purchased. So I got them for free and I still have ENS assets to boot (like the brazilian version of beer.eth in slang that is cooler than the formal version)
This IS the future. Decentralize or die
https://www.coingecko.com/en/coins/ethereum-name-service
That pretty much pays for ALL the ENS's I have purchased. So I got them for free and I still have ENS assets to boot (like the brazilian version of beer.eth in slang that is cooler than the formal version)
This IS the future. Decentralize or die
Weekly alpha:
I put 1 ETH into this and lots of really smart folks have gotten into it as well
A good NFT dao membership like Fingerprints is worth 20 ETH, Friends with Benefits is worth 2 ETH. This should be worth at least 2-3 ETH in a year or two, plus you get the fractional of the holy grail of photography NFTs so far. Of course, there is risk involved but I think this is definitely +EV
I also cancelled the majority of my purchases of Gary Vee book NFT I mentioned a while back. The little he has said about it I thought sucked big time. It was a pre-sale though so no loss
I put 1 ETH into this and lots of really smart folks have gotten into it as well
A good NFT dao membership like Fingerprints is worth 20 ETH, Friends with Benefits is worth 2 ETH. This should be worth at least 2-3 ETH in a year or two, plus you get the fractional of the holy grail of photography NFTs so far. Of course, there is risk involved but I think this is definitely +EV
I also cancelled the majority of my purchases of Gary Vee book NFT I mentioned a while back. The little he has said about it I thought sucked big time. It was a pre-sale though so no loss
Attention!!! HITBTC EXCHANGE GOES TO THE SCAM!!!
I can't withdraw funds from the exchange for more than half a year!!! Verification has been completed, two-factor protection is enabled, but there is a restriction on any operations!!! Tech support first asked to pass verification- I did, they were silent for a long time and did not respond to tickets, two weeks ago the answer came that the account would be unblocked within three days, and again no action.
I can't withdraw funds from the exchange for more than half a year!!! Verification has been completed, two-factor protection is enabled, but there is a restriction on any operations!!! Tech support first asked to pass verification- I did, they were silent for a long time and did not respond to tickets, two weeks ago the answer came that the account would be unblocked within three days, and again no action.
Yes. I have a few hundred stuck there as well. Maybe one day they get arrested and we get back 10 cents on the dollar but I'm not holding my breath
Whoops. Maybe you should have joined that Ether Naming Service or whatever Daal is involved with. 4 grand for free!
I"m hitting many of these https://airdrops.io/speculative/ potential free money
I never looked too far into mining until recently. Seems like on this last BTC rally there has been a boom of retail flow into the space. At least, the pricing has gotten a lot less attractive than it used to be. Depending on the assumptions you build in for network difficulty increase, some of the latest machines are priced around a two-year breakeven on equipment. But also at retail power rates (~0.10c / kwh), that's around the time mining yield = power cost at current BTC prices. So the expected risk-neutral gain is maybe the 25% on equipment salvage value selling to more efficient miners when you're done.
So at least regarding small scale operations it seems like there is some risk being discounted, i.e. sentiment is bullish. The operation is synthetically long BTC because better prices extend the lifespan of the rig and allow you to actually mine more BTC than current price in BTC of the equipment. I think I will keep an eye on these prices, this is a neat little indicator. Pricing to breakeven on neutral BTC means there isn't much risk aversion in the market but I think if we really start to get extended on BTC people will be buying these implying losses on neutral BTC price; embedding at least 5% - 10%+ annual returns on BTC into pricing.
Antminer S19 XP, hash power 140TH, is the next upgrade in efficiency coming out late 2022. The pre-order is $11,620 and the current 100TH machines are selling for $13,000 right now. So even if the market doesn't move, value when these hit the market should be around (140 / 100) * $13,000 = $16,268. Decent bet for locking up your capital for about a year if you can clear the minimum order size. US tariff kind of guts the deal but if I was outside the US I definitely would've ordered some of these for reselling. First batch just went out of stock looks like but it was open for a few weeks. Maybe they release another. LTC/DOGE miner L7's pre-ordered for like $13K a year ago and they are reselling for high $20's now that they are really close to hitting the market.
Wish I was watching mining space a little sooner. I've been a little late in NFTs and now mining but at least my BAYC is bailing me out of most of the losses from every other project haha. We are probably past the point of huge returns in mining space save another nuclear crypto winter, but I think there's still opportunity to get involved if one doesn't have other trades / business activities that return higher on capital to pursue. Especially if you have an edge like cheap power. Running older machines at net profit that others can't anymore has fantastic ROI.
So at least regarding small scale operations it seems like there is some risk being discounted, i.e. sentiment is bullish. The operation is synthetically long BTC because better prices extend the lifespan of the rig and allow you to actually mine more BTC than current price in BTC of the equipment. I think I will keep an eye on these prices, this is a neat little indicator. Pricing to breakeven on neutral BTC means there isn't much risk aversion in the market but I think if we really start to get extended on BTC people will be buying these implying losses on neutral BTC price; embedding at least 5% - 10%+ annual returns on BTC into pricing.
Antminer S19 XP, hash power 140TH, is the next upgrade in efficiency coming out late 2022. The pre-order is $11,620 and the current 100TH machines are selling for $13,000 right now. So even if the market doesn't move, value when these hit the market should be around (140 / 100) * $13,000 = $16,268. Decent bet for locking up your capital for about a year if you can clear the minimum order size. US tariff kind of guts the deal but if I was outside the US I definitely would've ordered some of these for reselling. First batch just went out of stock looks like but it was open for a few weeks. Maybe they release another. LTC/DOGE miner L7's pre-ordered for like $13K a year ago and they are reselling for high $20's now that they are really close to hitting the market.
Wish I was watching mining space a little sooner. I've been a little late in NFTs and now mining but at least my BAYC is bailing me out of most of the losses from every other project haha. We are probably past the point of huge returns in mining space save another nuclear crypto winter, but I think there's still opportunity to get involved if one doesn't have other trades / business activities that return higher on capital to pursue. Especially if you have an edge like cheap power. Running older machines at net profit that others can't anymore has fantastic ROI.
Good article.
How has yeastydough.eth done?
https://nftbank.ai/portfolio/0x0d93bc9654DF5a50e0E65Df55D09BA7b47Fb95cd?network_id=mainnet