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.
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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.
Stay Informed About LEO!
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Posted Using LeoFinance Beta
That's because the larger sentiment is bearish. Believe it or not, as crypto gets more and more mainstream, its pattern is also becoming more aligned with the traditional market, which is why it is still correlated to the stock market, and forex market. For the last six months, I have not seen any deviation.
The larger trend in the Stock and currency market is bearish anticipating aggressive rate hikes from Fed. So unless the larger trend changes, I dont expect any change in this pattern at least in the medium term.
For crypto to rally on its own, it really needs a strong fundamental trigger, the absence of any such thing will continue to make it draw cues from the traditional market and it is likely to follow the USDX for some time.
Source
Technically the larger picture also says that BTC is likely to plunge towards the level of 21000-22000. Look at this chart. The 200-week Moving Average Heatmap is all set for a visit to the said levels, should the daily and weekly close of BTC happen below the 27000 level.
There is a certainly a correlation and the equity market is a risk off trade the same as cryptocurrency. But when the risk on takes place, we should see a reversal.
Posted Using LeoFinance Beta
I think the market is uncertain,the best trader might lose is Money also,but looking at the same chart ,btc is still going down ,may be for weeks or months
I keep wondering too if futures trade affect the price and vice versa.
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There is a correlation and I tend to think that BTC will be in danger of moving lower if it doesn't close above 30k by the end of the week. I think options expiration is close and by then I don't think some of the investors will want to wait any longer for more buyers.
Posted Using LeoFinance Beta
I have no doubts it will go lower. It keeps on getting rejected near $30k.
Posted using LeoFinance Mobile
Yea it's in consolidation stage and if the buyers won't show up, then the traders will probably dump it and wait for a lower level.
Posted Using LeoFinance Beta
These traders are like sharks...
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Great analysis. The charts do look like shit in both markets and I agree that crypto needs a new narrative or fundamental shift to change its current sentiment.
I'm just hoping for a relief rally before we keep grinding down to goblin town. If we don't get it sentiment is going to get ugly really fast.
Posted Using LeoFinance Beta
This correlation formed because of the Institutional Money. Or, in other words, cryptosphere became dominated by people who are merely interested in profit rather by those who see it as practical solution to their financial problems or a way to create brand new world of personal freedom.
Correlation will end when Institutional Money leaves the crypto market and/or when an average investor realises that Bitcoin can serve practical purpose that Netflix stock can't.
Posted Using LeoFinance Beta
Can't agree anymore. I am also waiting for that fresh impetus that could decouple it from the traditional market and rally on its own. Thank you.
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At least in theory, a grocery store can accept payment for milk Bitcoin, Hive, Dogecoin, or even CUB. The grocery store will not accept payment for milk in Netflix or Amazon stocks.
Posted Using LeoFinance Beta
Yes but I don't see institutional money leaving the market. They have the fiat money and they can exert their influence as they see fit.
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This 2021 top looks so diluted in comparison with previous ones.
Posted using LeoFinance Mobile
Where is the selling pressure for Bitcoin coming from. Could this still be FUD?
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I have no idea as well but it might be :) People selling off and running back to fiat. Unless they saw another investment opportunity and decided to exchange BTC for it :)
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If it is just due to random but and sell, how then do all these analysis build and follow trends.
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I am sorry but I have no good at technical things :)
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This is a hit that hurts.
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That's terrible.
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Yea I read about this also ,but most of it Luna ,are free airdrop ,so binance should have taken some profit before it dump
Not everyone can dump for profit because some people had it staked in different pools. Obviously, the people on the exchanges should have done something but it's all hindsight.
Posted Using LeoFinance Beta
That's true and most probably believed in the project. Some may have taken profit and kept the others so it's okay for them. But for some who had so much faith are the ones who have been badly hit.
Posted Using LeoFinance Beta
Sometimes the house losses as well.
Posted using LeoFinance Mobile
I saw that as well but that is what happens when a token loses over 99.99% of it's value. I think he can recoup some of his losses with the airdrop from the fork if it ever happens.
Posted Using LeoFinance Beta
Who's going to buy into that fork?
Posted using LeoFinance Mobile
Nobody probably will besides a few people. I guess those people will be the exit liquidity for the rest.
Posted Using LeoFinance Beta
I got to buy some at $0.0005 or so. I wish I can hold as much as 100k. Going by the 15% that would be airdropped to holders during the dip, 15k would be decent.
Posted Using LeoFinance Beta
You might want to check the details before you buy because I am not sure if you will get included or not. I do think a small portion is going to you but I don't know for sure.
Posted Using LeoFinance Beta
Pocked change for the greatest crypto scammer of all time.
Posted Using LeoFinance Beta
Too bad, so sad.
Posted Using LeoFinance Beta
From what I read Do Kwon is going to be held responsible for that.
Posted using LeoFinance Mobile
The $2,500 I lost is definitely more painful than Binance's loss. These guys are making millions every day.
Posted using LeoFinance Mobile
I feel your pain. Makes me remember how I lost 1,500 in futures trading at one point.
Posted Using LeoFinance Beta
Do you think these people actually believe their bullshit?
This has nothing to do with investor protection.
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What agency or bureaucracy wants its budget cut? The next time we see this happen voluntarily will be the first time we see it happen.
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I think it's bullshit. I wonder if it just wants more money and it's not like the investigations lead to people getting back their money.
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I was going to reply to your post above with something about never trusting the Chinese government.
But it seems your government is exactly the same.
They're not on the people's side.
None of them.
Posted Using LeoFinance Beta
All governments were designed in this matter.
Posted using LeoFinance Mobile
It's all about control
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They're all in for their control and yo have a bite of their tax. Nigerian SEC also now enlists crypto among regulated stocks.
Posted Using LeoFinance Beta
BTC is down, and yet these two credit card companies in Israel, Max and Isracard are entering the crypto space. Source.
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I don't know any of those card companies but adding crypto is just another revenue stream for them. So I don't see any disadvantages of adding crypto.
Posted Using LeoFinance Beta
Some would be happy to see those companies entering the crypto space. Others don't care, me included as long as they don't bother my activity here on Hive. 😆
This cracked me up :)
But it's actually good if those card companies are dipping their toes on crypto :)
Posted Using LeoFinance Beta
Yes, it's really good! 😄
!CTP
That is the view of most people but that has probably led to the policies being enacted all around the world. It's been a shitshow because of the vocal minority choosing the policies.
Posted Using LeoFinance Beta
And policymakers !LUV it. It's a new source of income for them.
@rzc24-nftbbg(1/1) gave you LUV.
H-E tools | discord | community | <>< daily
I guess that lot of companies that ditched Bitcoin during 2018 crypto winter because of price volatility later started regretting their decision.
Posted Using LeoFinance Beta
😄 That's funny! And that is why even in the midst of a powerful bear market, they don't care as long as they can enter the space. A very opportune time for them. How I wish they should have entered during the bull market. 😆🤣
REMINDER!!!
Get all those #CANDIES. Before they run out.
You best rush over there quickly before they are all scooped up.
Posted Using LeoFinance Beta
Just went over and got 60 🎉🎉💃🏻💃🏻😁😁 couldn’t go to sleep without them 😎
I Like the new looks… 😉🦁
Posted Using LeoFinance Beta
LOL you are going to be weary and with tired eyes. Be careful of the bags under the eyes.
#CANDIES can do that to a person.
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Nope… I’m just in a different rhythm ☺️
Naughty Candies… sooo addictive 😁
Posted Using LeoFinance Beta
I'm thinking if these sort of claimable asset mechanics can be adopted to LEO when users perform some daily tasks on out interfaces where ads revenue are generated.
Posted Using LeoFinance Beta
Very good Jackie and I hope you are on your snooze by now :) Have a wonderful night
Posted Using LeoFinance Beta
I was dear @ifarmgirl 😁
Thank you kindly 🤗
Posted Using LeoFinance Beta
Thank you, the sweetest 60 ever has gone to the jars. Don't forget to have yours as well
Posted Using LeoFinance Beta
The sweetest. You make it sound like it came from Khal.
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No, the sweetest LEO is from Khal, the sweetest candies are from another, lol!
Posted Using LeoFinance Beta
Ah okay. I was confused.
LEO is very very sweet from Khal. Nothing can really top that.
It is akin to the nectar of the Gods.
Posted Using LeoFinance Beta
I don't disagree with you on that. And I believe our wallets are still waiting for the 3rd 100 from him, lol!
Posted Using LeoFinance Beta
I'm expecting my 100 LEO for last week's league any moment from now. Gunning for another 100 LEO this week.
Posted Using LeoFinance Beta
Khal must be so occupied. All the best on the next LEL :)
Posted Using LeoFinance Beta
Your next claim would be way sweeter 100.
Posted Using LeoFinance Beta
Yes, got them this morning (my timezone) and tomorrow will be back to 10.
Posted Using LeoFinance Beta
Pardon me for being a noob, How do I get those #CANDIES ??
Go to coingecko and sign up by using email. Then you click on the cupcake in the upper right hand corner.
And then you claim your CANDIES each day.
Posted Using LeoFinance Beta
Thank you so much for the response. I appreciate it.
You'll sure enjoy stacking these candies. We'll also remind you daily here on Leomarkettalk.
Posted Using LeoFinance Beta
I have to once and for all create mine as well...
Posted using LeoFinance Mobile
I took my candies before bed, now I can sleep peacefully.
Posted Using LeoFinance Beta
I used to do that weeks ago. It seems my itinerary is changing. I now claim them after I wake.
Posted Using LeoFinance Beta
I don't think of it when I wake up :) The first thing that comes to my mind is leofinance. Actually, should there be a reminder of candies at the top of LeoFinance? Then I never miss it.
Posted Using LeoFinance Beta
Thanks for this ,I would have forgotten it ,like the others times and take me back to zero claiming,I would have start from 30 sweet
Hehehe, that is why it's good to come here daily so we can be reminded of the candies :)
Posted Using LeoFinance Beta
Thanks for the reminder...there is still candy left so make sure to fill up your jars.
Posted Using LeoFinance Beta
Never forget sweet Candies.
Posted Using LeoFinance Beta
I picked my 20 in the early hours of yesterday.
Posted Using LeoFinance Beta
This is a good article explaining the future.
Posted Using LeoFinance Beta
Thank you for sharing. I'll go give it a good read.
Posted Using LeoFinance Beta
Sounds like the media's push for more regulation. I guess any centralized entities will be pressed hard to follow them.
Posted Using LeoFinance Beta
Some of them deserve that. You can't play with people's money.
Posted using LeoFinance Mobile
We need more of such contents with SEO optimization on Leofinance.
Posted Using LeoFinance Beta
The VCs have egg on their face on this one. Mike Novogratz, one of the investors in TerraForm Labs is now opining on the subject.
Posted Using LeoFinance Beta
My guy got properly rekt. They didn't even give the ink enough time to dry.
Posted Using LeoFinance Beta
What a dumb ass...
Posted using LeoFinance Mobile
He should replace LUNA with HIVE. Even if HIVE never moons, it won't become irrelevant.
Posted Using LeoFinance Beta
I've thrown out these names before, but in this case I think it makes sense: As predictors or prognosticators, Jim Cramer and Mike Francesa have poor records. However, VCs may have even worse records than the host of Mad Money (Cramer) or the Hall of Fame sports radio host (Francesa) also known as "The Sports Pope".
I forget where I saw this stat, but I thought I read somewhere that VCs are right in 2 out of 10 predictions they make when they hand out venture capital. However, the 2 times where the VCs are right more than make up for the 8 times they are wrong, and when they are right they are BIG winners.
Posted Using LeoFinance Beta
Only put in what you can afford to lose. It's something more people should follow and I guess not having enough assets on hand was their biggest issue with their debt ratio of like 80%.
Posted Using LeoFinance Beta
I guess it happens in cycles. There are times when people like Mike Novogratz are right. And there are times when people like Tone Vays are right.
Posted Using LeoFinance Beta
I don't know why but Novogratz doesn't seem to be "made for crypto". He's a good counter indicator for BTC bottoms. He proved that in 2018.
Posted using LeoFinance Mobile
China never really left the Bitcoin mining game?
Posted Using LeoFinance Beta
Maybe China noticed its mining profits. I don't think China will miss opportunities in the crypto market.
Posted Using LeoFinance Beta
It might be that they are actually deep into it but just played low :)
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I saw that and I am confused. I thought they banned crypto so they can push their CBDC to more people in their country.
Posted Using LeoFinance Beta
They did that. These still mining are doing it without governmental consent.
Posted using LeoFinance Mobile
They need it like they need fresh air. Everything is so screwed over there and Bitcoin makes so much sense.
Posted using LeoFinance Mobile
The heat is starting to pick up on this one.
The South Koreans will be the first in a long line stepping up to the plate.
Posted Using LeoFinance Beta
They should be as the Founder is within their shore.
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Yeah well he doesnt have too many safe havens it doesnt look like.
Posted Using LeoFinance Beta
He definitely is moving in a very limited space. Wonder how he is holding up.
Posted Using LeoFinance Beta
He can always cross the border to the north....
Posted Using LeoFinance Beta
I wonder if that Politician lost money on Terra. Then again, a lot of rich people are probably not happy with Do Kwon.
Posted Using LeoFinance Beta
He might... Hence the anger :))
Posted using LeoFinance Mobile
The pSPS-POLYCUB liquidity pool went into effect today.
Are you going to move some SPS over and join it?
Posted Using LeoFinance Beta
Amazing one! I don't have any SPS so just gonna cheer on those who are heading to the pool.
Posted Using LeoFinance Beta
In 2 days I will move SPS there and join the pool.
Posted Using LeoFinance Beta
That's good! All the best :)
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Thanks.
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I don't plan on entering the pool. I prefer the simple way of Splinterlands to get SPS and VOUCHERS in-game instead.
Posted Using LeoFinance Beta
Surely yes. I am so bullish about POLYCUB. Everything that would help me bad more is a good deal.
Posted Using LeoFinance Beta
There are now a lot of questions regarding stablecoins.
Posted Using LeoFinance Beta
Stablecoins are now in the spotlight.
Posted Using LeoFinance Beta
A regulation regarding stablecoins is necessary, a serious loss of trust has occurred.
Posted Using LeoFinance Beta
The regulation of stablecoins will need to come from within the cryptoverse since that is where the risk of loss is greatest. After all, we have the most incentive to get it right and lose it all if we're wrong.
Cryptocurrency is still a young market, and stablecoins is even younger. We're still in the trial-and-error phase of development, and errors there will be-- sometimes, very painful errors which hit home.
One approach is to let the various stablecoins come up with their own ways to prevent the UST Scenario from repeating again and see which ones succeed and which ones fail. Over time stablecoins will acquire a track record for performance in light of adverse conditions or black swan events. Those which handled things well will be rewarded with continued usage. Those which failed will join UST. Perhaps in this way HBD will rise to the top.
Posted Using LeoFinance Beta
There will be mistakes, of course, but those who manage billions of dollars don't have the luxury of making simple mistakes. It is not acceptable for an entity to be such garbage.
Regulation should already be in the crypto industry. But how?
Posted Using LeoFinance Beta
They don't have that luxury, which is why they do their due dilligence. This is why thy do research to make sure the chances of success outweigh the risk of failure. Even then, there is no guarantee that ventures receiving their capital exist long enough to provide ROI. This is why one successful venture can more than compensate for many failures combined. Ideally all ventures receiving this capital succeed, but more common is failure.
In an evolving industry, regulation is established from the bottom up by those who participate. No one knows what rules work because none had existed, so the rules are developed over time via trial and error. Given how quickly things move in the crypto space, these rules won't take long to make themselves obvious to participants.
If anything, we take a set of rules tested in a field where they are known to work; then we apply that set of rules here. We keep those rules which work. Those which don't work get modified as needed or trashed altogether. Along the way new rules are adopted.
Every social venture need rules in order to ensure the greatest amount of success and satisfaction. In other words, every social group needs governance. There is no escaping this.
So the question becomes this: Do we allow this governance to come from a political form or government, or do we let it arise organically from those who are directly involved in the space? Given what the former has done wherever it has been tried, I choose the latter. Others may go with the former. Either way, there is risk involved. Either way, are we willing to pay the costs involved with each choice?
Posted Using LeoFinance Beta
I agree with most of what you said, the insiders of the crypto market will find solutions to many things. I am already against the intervention of the central authority in the decentralized market.
But the liquidity problem need not be reinvented. It's okay for the price of LUNA to drop, every crypto goes up or down. But I can't say the same for stablecoin. There should be no liquidity issues in stablecoin. If there is such a problem, it can be solved by intervention from the beginning.
Even I am prepared as if there will be a crisis in the markets at any moment. It is selfish that platforms that manage billions of dollars are not ready for this. Is it normal for the Terra foundation to sell LUNA when the markets are down hard? Didn't they know this was going to turn into selling pressure? I don't think these are mistakes that can be ignored.
Posted Using LeoFinance Beta
Yea and I see a lot of people saying algorithmic stable coins have never fully worked. I guess the biggest issue is whether or not there is enough to cover all the debt created.
Posted Using LeoFinance Beta
The Russians are starting to open up to the idea of Bitcoin.
Posted Using LeoFinance Beta
Considering the sanctions, I am not really surprised. I am not sure they want to rely on just China's financial system.
Posted Using LeoFinance Beta
They have to with all the so called sanctions. I have honestly never imagined Russia will play such an important role in the mass adoption for Bitcoin.
Posted using LeoFinance Mobile
Russia is more of a major player with gold and oil. It's been acquiring massive tonnage of gold in recent years, and it has plenty of oil and natural gas. When it comes to cryptocurrency, Afghanistan is ahead of Russia.
Posted Using LeoFinance Beta
Really?
Posted using LeoFinance Mobile
Overall, Russia is #18 and Afghanistan is #20, so I was mistaken there.
For P2P exchange trade volume, though, Russia is #122 but Afghanistan is #7 as of 2021.
I was thinking of the chart below when I made the comment today. The chart itself appeared here on 2021-August-19.
Posted Using LeoFinance Beta
Interesting...
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With this kind of licensing system, is it really profitable on the part of an overseas token issuer to apply his tokens to be traded on Korean exchanges?
Posted Using LeoFinance Beta
I have no idea but I don't like the closed wall system on Korean exchanges but I guess letting them pump prices could get your token some attention.
Posted Using LeoFinance Beta
Yes, I think that will be the advantage. Your token will receive attention once listed. However, from a long-term perspective, I am not sure if such a benefit is worth the risk. We know their track record, and regulators can easily change rules as they wish.
Source
Of course, crypto enthusiasts want to see such adoption, but regulation? How can they regulate something that is decentralized?
Posted Using LeoFinance Beta
They can't, but many cryptocurrencies aren't concerned with decentralization. They don't mind being centralized not just in how they are governed but also in how they are listed. As much as many of us prefer decentralization, the fact is that for many people centralization offers convenience, and that can't be overlooked. As long as both centralized cryptocurrencies and decentralized cryptocurrencies are allowed to co-exist, we'll both be OK.
Posted Using LeoFinance Beta
I got it. In order to be listed, many companies don't care about the consequences of such regulation. As for me, I would rather trust the community than those regulators who can change the rules of the game anytime they wish.
Thinking about the possible scenario. Just in case the regulators already have control of these centralized exchanges and then will later pass laws that will make trading in decentralized exchanges illegal, what are we supposed to do?
That's one of my concerns, but I have no idea what could happen or what we could expect. On this question, I defer to the more senior Leos here.
Posted Using LeoFinance Beta
They can't regulate decentralized entities but there are plenty of centralized links that people use. So if they regulate that, it will have a similar effect. For example, regulate the exchanges and people can't get their money out.
Posted Using LeoFinance Beta
Yes, that's what I don't like with centralized exchanges. And besides, I think just like in the stock market, in every transaction whether you are a buyer or a seller, one thing is sure, the taxman will receive their pay.
Haha, sounded funny but it is so true. Before you even get your profit, they already have their cut secured.
Posted Using LeoFinance Beta
They don't care whether people lose or win. What matters is you give them their portion that they think rightfully belongs to them.
True... can't say more to that :)
Posted Using LeoFinance Beta
I still have !CTP 😆
They don't have to. They can always spend crypto. Wasn't this the whole purpose of it?
Posted using LeoFinance Mobile
The problem is the number of ways you can spend it is limited and the off-ramps can get regulated. It's not like we can avoid all eyes.
Posted Using LeoFinance Beta
You don't have to off-ramp, just order a crypto debit card.
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At some point, they can always target the crypto debit card company so there is still some centralization that they can target.
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For sure. Meanwhile...
Posted using LeoFinance Mobile
Finally, someone got it that Bitcoin plays a significant role in this idea of economic empowerment. Source
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A lot of people have been saying it but it tends to be BTC maxis. It is true that BTC has done extremely well since it's conception just by looking at price.
Posted Using LeoFinance Beta
Yes, for BTC enthusiasts such a claim is normal, but for someone from the mainstream to affirm, that to me is something new and unexpected. 😄
The earlier they settle with this truth, the better. Technology is dynamic.
Posted Using LeoFinance Beta
Yes, that's what we're hoping for. We are tired of listening to false promises of economic inclusivism and poverty reduction, which are only good on paper but short in practice.
Click the image for a full-size view
Posted Using LeoFinance Beta
Keep the count. The engagement numbers are growing to our best advantage.
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Phew, yesterday's dip was quite unexpected. It send goose bumps on my skin. This season really requires that investors build thick skins to survive.
Posted Using LeoFinance Beta
Well, it's the saying in the stock market of "sell in May and go away" right now. So I think it might also be applicable to crypto right now.
Posted Using LeoFinance Beta
Just learnt that "sell in May" mantra now.
Posted Using LeoFinance Beta