Daily General Discussion – June 23, 2022 (GMT+0)

**Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating.**



Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known “pump and dump (PnD) groups” for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

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41 thoughts on “Daily General Discussion – June 23, 2022 (GMT+0)”

  1. Man this dump is taking forever. Why are whales delaying the inevitable retest of the lows.

    But I guess I won’t say no to free money Shorting resistance every day

  2. Seeing many charts of people saying it is near the bottom, but then again during times like these charts don’t mean anything. Could probably be a recession soon.

  3. During this bear market I made the following investments:

    $500 on red

    $100 on 42

    $1000 split on 36 and 37

    And another $100 on even

    Am I doing this right?

  4. Today I Learned dYdX Team Didn’t Write A Single Line Of Code Of Cairo… Starkware Wrote The Whole Thing LMFAOOOOOOOOOOOO

  5. Chances are high for a red market tomorrow so we might see these low prices again like last week… I’ll definitely load up on them again ![gif](emote|emo_pack_1|dancing_wojak)

  6. It seems most crypto investors are masochist cos I keep hearing phrases like “max pain” “when capitulation”

  7. Would yall rather consume massive amounts of electricity to create the most superior asset of mankind, or continue to let rich people storing their wealth in single family homes?

  8. ***A crypto joke***

    Some tired crypto walks into a hotel.

    The front desk says “Sorry we don’t accept crypto

    The crypto says “Come on I’m just looking for a
    place to crash.’

  9. What do you think of BlockFi, are you investing some or all of your crypto with them?


    Or do you think they will colapse?

  10. Slow daily so here’s a debate:

    **Would you rather have:**

    10,000$ worth of BTC but you can’t sell for 1 year

    20.000$ worth of ETH but you can’t sell for 2 years

    30,000$ worth of a top 100 alt but you can’t sell for 5 years

  11. Powell out here answering the congressman’s question about CBDCs and Stable coins 👌🏼

    Congressman’s out here trying to market their crypto, defi space bill 👍🏼

  12. Like sport betting, leverage trading is addictive, you lose a trade and you start chasing to make it back…

  13. I’m not a boomer so I wouldn’t have an answer to this but over the last 2 years it has seemed leveraged positions are absolutely tenfold what they were in the 2010’s. Hedges, Whales , even pleb moon boys are just absolutely leveraging themselves to the teeth – I don’t remember this being so prominent in 2012-2020 … anywho that’s pretty fucking whack if true .

    Ima go walk my toaster , anyone wanna come ?

  14. Watching the fed talk is shameful. These are barely about economy at this point. It’s just political bullshit. It really sucks that every market moves around bullshit American politics.

  15. “Regulations will make crypto adoption easier!”

    Regulations: in order to transfer crypto, please let us know the identity of the receiver, his physical address, the purpose of the transfer and a selfie of yourself.

  16. Crypto noob here

    Why is it that we tend to get the biggest dips on the weekend days? Is is because BTC decouples from the stock market on those days?

  17. Avalanche released their new wallet and a cross chain bridge to btc.

    That won’t affect much its price in a bear market but nice development nonetheless

  18. This is a dumb question but I can’t find the answer anywhere; does staking effect your average buy-in price?

  19. If I absolutely had to transfer big money to another party and couldn’t do it the traditional banking way, I would use Bitcoin. I wouldn’t use Cardano nor Algorand nor any other alt (yet), no matter the fees or speed. Bitcoin proofed itself over time and built trust.

    Don’t know why I feel that way, just my general gut feeling.

  20. Macroeconomic anecdote:

    I’m in my mid-30s living in the US about to make a big career change. My new job will be a 50% pay increase. The home I’ve lived in the past 5 years has a mortgage with an interest rate of **2.75%**.

    I’m about to move and buy a new home. This home is valued 25% higher than my current home because it’s in a more urban area with higher cost of living. Well, I’m pre-approved for a home loan at an interest rate of **6.68% interest**, making my monthly payment for my new home about 150% higher than my current home.

    So my income will go up 50%, but home cost is going up 150%. Since 2020, I’m the kind of person who buys a little bit of crypto weekly and periodic big buys also. I haven’t sold crypto recently, and I’m not going to sell, but I doubt I’ll be able to add anything significant to my crypto portfolio for the next 2-3 years at least. Top priority will be re-establishing a much higher cash emergency fund since my cost of living is so much higher. But I’ll be saving cash at a much lower rate because instead of 20% of my income going towards my mortgage, it’s now looking like it might be about 35% of my income.

    Interest rates will probably continue to rise monthly. I’m guessing that my situation isn’t unique, and this is what many of us are planning for when we talk about effects of macroeconomics/probable recession on crypto markets for middle-class investors.

  21. It is best not to put all your eggs in one basket, and not be 100% in crypto

    This is why i am diversifying by buying a fair share of Tether Gold

  22. Is the option to tip moons working to anyone? I usually send something to comments that I find very useful in the daily… But it’s buggy.

    Android version


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