Daily Crypto Markets Live Blog: Celsius Repays MakerDAO Debt (07/08/22)

in LeoFinance2 years ago

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Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.

Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.

It is a great way to stimulate engagement.

We can think of this as a Reddit type engagement thread. We are not dealing with long form content so topics of discussion can start off with a top line comment. We can fill in from there.

We are open 24/7/365.

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It seems the illiquidity that plagued cryptocurrency is lightening up a bit.

Celsius pays back MakerDAO the money it owed.

This was over $41 million.

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Liquidity was a BIG time issue and some hard lessons learned I wonder if this will cause some of these companies to start building more reliable pools.

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I am curious if we start to see deeper liquidity pool in the decentralized finance.

We honestly need both liquidity and depth to these tokens. Of course, that requires infrastructure before we can really develop some sophistication.

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It seems that they did it so they can pull out the BTC and sell it on spot.

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BTC could be in for an ass kicking. Mt. Gox BTC is about to hit market too.

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Does that mean we might be in for another dip?

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Just spent the morning listening to the latest CryptoManiacs Podcast with @jerrythefarmer:

Great discussion around what it means to be decentralised, where we're at and where we need to get to.

We think along the same lines :)

Definitely worth giving it a list!

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Thank you for sharing. I have to listen to it right now hehe

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Good to know I'm not the only one out there thinking decentralization is a lot more complex than it may seem.

Thanks for the shoutout! I really enjoyed the talk.

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It was a great show. Thanks for highlighting it.

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Microbloggong you say? I can't wait for it. This is good news. The Leo finance project is moving at an uncontrollable speed. Please when is the feature going to be implemented?

Khal would say "soon" hehe, let's wait for it

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Sure, but it should be sooner lol 😆

Hope so too. But just like they say, developments take time so we'll be waiting hehe

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I wonder if he repeats that in his sleep.

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LOL! Maybe :)

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We might see a bit emerging this month (July).

There is going to be a thing called threads which is the first piece of infrastructure to go into place.

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The "Threads" are interesting. Can't wait to see it go live.

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Great, I'll have an eye on, wish the team good luck

The LeoGlossary Main Menu is now over 80 terms. My goal is reach 100 by the end of tomorrow.

There are few articles on Leofinance that at least one word cannot be linked.

I did a comment earlier which had 4 links in it.

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I just hopped in to see LeoGlossary. Rally a beautiful project to help every newbie.

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That's right, we appreciate it a lot especially that he made the definitions simpler.

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More than just a newbie project. All on Leofinance should be using the links provided to enhance the rankings of the site.

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Great initiative! I'll try to help with this as much as I can once I get back from my mini-vacation next week.

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Great to read this. All the help we can get in using the links is helpful.

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Kudos to your work. I'm personally getting addicted to linking them on my posts :)

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Good job. That is very helpful. I am doing the same in my posts and comments.

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Need to keep doing it, either on posts or comments (making it a habit)

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Well done you 😎😁

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It's almost impossible to write a leofinance standard post and not have at least one word in the leoglossary, I'm definitely curious to see how well this helps site traffic and ranking with leo threads rolling in and giving engagement some more spotlight really.

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It's going to increase the chances of Leo getting ranked on Google with time. That's if more people always link their post

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We need dozens to use the links and get their posts optimized.

I will clean up some of the most popular links over time to put forth a powerful page that people are landing on.

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It's almost impossible to write a leofinance standard post and not have at least one word in the leoglossary,

Especially since LeoGlossary is getting bigger each day. I am adding 10-20 per day at least.

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Since I am dedicating time to the LeoGlossary, the @leomarkettalk post will go up a bit earlier than usual.

Try to adjust your clocks. LOL

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Noted… thought it was early when I saw the post come by. But understandable!

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No problem :) All good. Thanks

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I noticed it. No problem, it even makes it easier for me to be online when it's posted.

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The leoglossary work is still of important right now. Adjusting won't be hard as you can still get in at any time to interact

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REMINDER!!!

Do not forget about those delicious #CANDIES.

They are so filling and really will make you toes curl.

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A little over half an hour left to collect 💯 Candies… good to be on top 🧗🏻‍♀️🏔

Have a great Friday all 👋🏻😎☀️

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LoL! Will get them soon

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Yay… collected!

Good night all 👋🏻😎

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Congrats to you. I missed yesterday, LOL! Back to the first floor🤣

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Oh noooo you missed one. That’s a shame especially the big one. But well we start over again and climb slowly up…
Collecting all along the way 😁
Have a great day @ifarmgirl hope the morning was lovely 🥰

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Haha, it's funny but yes, the climb goes on again haha. Morning was busy but great, thank you and cheers to you today too. Take care.

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Yes, luckily it just continues for now. So we just can pick up the climb again. May it last a long time 😎

That is good to hear even though it was busy it was still great. You are welcome.
Cheers!
Take care too
Enjoy your day further 😁👋🏻

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That's right. May it give us something to be happy about too in the future😁 Cheers, Jackie. Enjoy yours as well❤

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Just got my 30. We keep moving.

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Congrats! Turned out I missed yesterday and now back to the ground floor, lol!

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Gensler's opposition to a Bitcoin Spot ETF is starting to really get some attention.

The WSJ called it "legendary".

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Not the best way to become "legendary"

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He is pondscum.

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LOL! He sure is :)

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@khaleelkazi with a very interesting comment on this post about @leoglossary.

Scroll down and check it out. I think it is a terrific idea.

https://leofinance.io/@taskmaster4450le/igchosvl

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That’s a great idea… will save time writing posts and adding links.

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Indeed we can maximize that for SEO links.

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If what khal proposes gets integrated, it would really be a stepping stone and that would create an easy path for word linking, would really ease the process because when you consider the number of terminologies that could fall in, it would really be a heck of a job to scroll through all of it to edit your work, code really solves a lot of things.

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That's right, the pop up will be very handy especially when the glossary becomes huge.

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I love the idea, it will be really easy to have the feature added :)

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Alleged Ponzi scam?? I begin to ponder why all such news come only in a bear market, and why everything becomes so perfect in timing?

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Oh my, it appears Celsius has more trouble coming out.

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You can always contribute it to basic human psychology.

When numbers go up there aren't enough people to band on things like this because everyone is making money somewhere. It is the downtrends that make people angry with their decisions and thus they commit to lawsuits and spend much more time on things like this.

But, it could also be just one group of people moving us around as pawns. You never know...

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It appears like the bull and bear cycles are the new norms for all types of markets. This concept started with Bitcoin and crypto and since crypto is the emerging market that outperforms and managed to attract a new flux of investors, the forex and commodity market since the pandemic is more or less behaving like cycles. This concept was totally absent in the forex and commodity market.

I have been keenly following these markets for 5 years. I am really surprised how these traditional markets are exactly making/trading in cycles where the extreme ranges are in play be it EUR/USD, GBP/USD, or Gold and many other markets too.

The truth is that in the derivative segment, you need the retailers and they are like sacrificing goats where the stop-loss can be hunted so that the big players can make money. So retailers, unless you very well know about the associated risk or willing to lose that much, don't play in derivative, options market or any other similar leverage trading.

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You don't really expect a trillion-dollar economy to not make an impact, crypto literally cuts deep into the financial structure of the world, creating a synergy between assets account

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