Daily General Discussion - June 8, 2023

kbrot, 11 months ago (edited 11 months ago)

I think I got shadowbanned on r/ef ;( Someone let u/TeamRedundancyTeam know I didn't forget about them!

edit: nevermind

strawdar, 11 months ago

Something weird is going on. I just asked about if the old ethfinance discord is still active and now my post isn't showing up...

kbrot, 11 months ago

Hmm, very strange...

strawdar, 11 months ago

Update, my post just appeared. I wonder if it got auto-flagged as spam somehow and needed manual approval.

kbrot, 11 months ago

Mine did too. Must've be some shadowy MKUltra shit going down at reddit HQ with the blackout/exodus/AMA coming up.

hanniabu, 11 months ago

It's not used anymore, use evm

haddockseyes, 11 months ago

Any thoughts on the S&P 500 entering a bull market and what that means for eth?

kbrot, 11 months ago

With my only real remaining "event" being the fed rate cut and that being delayed now at least a year, it seems to align with a final bull run for crypto before a secular bear. By that I mean what I've theorized for a while -- that BTC would have a new, lackluster top ~100k and ETH would have a grand blowoff $10k-15k -- could happen in this timeframe.

2019 (wave 1 bull, flat to dippy) -- 2020 (wave 2 boring then parabola begins) -- 2021 (wave 3 parabolic rise and disbelief blowoff top).

2023 (wave 1 bull, flat to dippy) -- 2024 (wave 2 boring then parabola begins) -- 2025 (wave 3 parabolic rise and disbelief blowoff top).

Veltoss, 11 months ago

Can we rely on market "traditions" like secular bulls/bears when crypto will just be getting it's legs and becoming more of an actual utility with real businesses and ways to actually prove to the world that it is worth a damn right when you're suspecting we enter a years long bear market? I can only imagine we'll be seeing lots of great adoption over the next few years, we're already seeing a lot of good development compared to previous bear market development. It would be like the dotcom bubble busting the moment people realized the internet actually isn't worthless rather than the other way around.

When I think of it like the dotcom bubble it feels more like the real crypto bubble hasn't truly begun, or maybe I've had too much koolaid.

kbrot, 11 months ago

Personally, I've learned to keep the tech and the market separate in my mind as an investor.

crypto will just be getting it's legs and becoming more of an actual utility with real businesses and ways to actually prove to the world that it is worth a damn

Unfortunately, we've been saying this for eight years now (I was around before the EEA press releases) and it just doesn't seem to matter. The tech is always moving forward, but the market reaction to it from an industrial perspective is as cyclical as always.