Where are we?

[Anonymous No.21446594]

What phase are we in?

[Anonymous No.21446605]

[Anonymous No.21446616]

>>21446594
take off

[Anonymous No.21446675]

>>21446594
awareness

[Anonymous No.21446682]

Somewhere between Greed and Delusion

Yams ? Shrimp ?

How can Wall Street take this seriously if it devolves into clown show scams for faggots

[Anonymous No.21446805]

>>21446594
Between Media attention and Enthusiasm.

[Anonymous No.21446864]

>>21446805
what media attention?

[Anonymous No.21446929]

>>21446594
link is between delusion and new paradigm
eth is at media attention

[Anonymous No.21446973]

We're still incredibly early, in the disbelief phase.

[Anonymous No.21446987]

>>21446864
>what media attention
https://finance.yahoo.com/news/defi-meme-coin-yam-succumbs-083328129.html

[Anonymous No.21447028]

>>21446987
it's literally mirrored from coindesk

[Anonymous No.21447041]

>>21446864
They do discuss and do TA for BTC on CNBC on the regular

There are commercials running non stop during the NHL playoffs for apps to buy BTC in an app

My dad asked me to help him buy crypto

[Anonymous No.21447048]

>>21447028
and? how is that not media attention?

[Anonymous No.21447084]

we left the bubble chart behind in 2017

[Anonymous No.21447089]

>>21446675
This. Still in the early stages of awareness. Gonna pump for a few more days / weeks before correction and then massive moon

[Anonymous No.21447103]

>>21447028
or look at this
https://www.mirror.co.uk/3am/celebrity-news/barstool-sports-dave-portnoy-stuns-22525040

[Anonymous No.21447104]

return to normal

[Anonymous No.21447131]

>>21446594
For linkies, Delusion

[Anonymous No.21447176]

>>21446929
I'd say greed and delusion

[Anonymous No.21447179]

>>21447041
i guess it's only usa then, in europe this doesn't happend at all

the only 2 times when i've heard about crypto on tv was when it reached 20k and then when it dumped to 60k. haven't heard anything since

>>21447048
it's literally an article made by a bot, it will have like sub 100 views total

>>21447103
this is bigger, but it's just a shitty tabloid made for normies. no sane adult will "invest" in crypto because that guy did so (whoever it is)

media means tv, like news and stuff

[Anonymous No.21447219]

>>21447103
Definitely Media Attention. So the moon can go up to around $200 if we're lucky, crash after that and we wait another 3 years. Don't miss that ride.

[Anonymous No.21447274]

[Anonymous No.21447415]

>>21447219
That's media attention for crypto in general, but subsequent bubble phases don't mean media attention goes away. Those famous sweaters were shown in a documentary near the very top of the previous bubble

you're extremely delusional if you are hoping for $200/link. Did you just buy in?

[Anonymous No.21447485]

>>21446594
Awareness is starting

[Anonymous No.21447545]

>>21447179
>in Europe this doesn't happen
Do you watch football son. Constant crypto shit on the ad hoardings

[Anonymous No.21447588]

>>21447545
>Do you watch football son
no, but i never see crypto ads or people talking about crypto in the news

[Anonymous No.21447678]

>>21447588
Just because you don’t see it doesn’t mean it’s not happening. You might need to change your information sources to broaden your awareness of the goings on in the world. Tap into the zeitgeist man. But with skepticism always.

[Anonymous No.21447703]

>>21446594
media attention IMO

[Anonymous No.21447735]

>>21447678
if i don't see it that means people who watch news or anything besides football don't see it as well. and honestly i'm 99% sure that there are no crypto ads in my country (italy)

[Anonymous No.21447788]

>>21446973
This. The time horizons people are using here are shortened by their microscopic attention spans. We've got years to go.
If you're buying now you're on the very early part of the curve. This stuff isn't going away and the general public has no idea.

[Anonymous No.21447805]

>>21447735
But your country isn’t the Market. The market for this is not local or regional. It is the entire planet.

[Anonymous No.21447866]

>>21447805
my country has the 8th highest gnp in the world. since there's literally 0 media attention for crypto, i'm pretty sure we are still extremely early, aka beginning of awereness phase, as seen here >>21447103

beginning means like we have at least 1 year of bull market ahead of us

[Anonymous No.21448066]

>>21447866
Cool. I’m just sharing anecdotal points on what’s happening on this side of the pond. Yes. It is early and be bullish. In two words.

It’s Happening

And yes I know you come from a big boy country

[Anonymous No.21448091]

>>21446594

The real rally has not started. Crypto market cap as a whole might 100x to 40 trillion as it becomes a full fledged asset class.

[Anonymous No.21448174]

>>21448091
Agreed. It has a lot of gas left in the tank to pump and dump and steal money from fags before the market shuts and you can double your already massive bags for pennies while people freak like little bitches. That’s my plan and I’m sticking to it faggots.

[Anonymous No.21448436]

>>21448174

Yes, we are going to mega pump from here.

What is crazy is LINK is already exploding before BTC and ETH have really started pump. LINK might go to a couple hundred bucks this year.

[Anonymous No.21448459]

>>21446594
Capitulation

[Anonymous No.21448487]

>>21448091
Make it so

[Anonymous No.21448809]

>>21446864
That isn't "media attention."
Media attention, in terms of this meme-chart is the kind of attention that gets normies to fomo in. You're a delusional retard if you think we're anywhere beyond the very very beginning of that stage.

[Anonymous No.21448841]

>>21448809
anon, I....

[Question No.21448932]

>>21448809
Maybe normies need to suffer before the media will really present it to them. They need to lose confidence in conventional assets and want the alternative

[Anonymous No.21448995]

I have 20 linkies will I make it

[Question No.21449029]

>>21448995
It really isn’t a big number. I wouldn’t say your a big swinging dick at all. Sigh. So small

[Anonymous No.21449032]

Pic related is ETH in 2017 before the great bull run, and a smiliar, drawn out pattern now (due to the corona scam). We're on the cusp of going parabolic and some big enterprises are buying in

[Anonymous No.21449045]

>>21448995

Unfortunately you need a few thousand to have life changing gains. Might as well keep them but I would look at smaller cap projects

[Anonymous No.21449091]

>>21446605
We're about to take off again, very clearly.

[Anonymous No.21449113]

>>21448841
How many normies do you think have even heard of "De-Fi," let along gone through the process of buying crypto. I bet you most would look down on you if you told them you're investing in this stuff.
You clearly weren't around for the 2016 mania. This isn't remotely like that.
>>21448932
They'll come in due time. We're just early. The "last-sucker" part of the cycle isn't in sight yet.

[Question No.21449181]

>>21449113
Yes. I like to think at a time the normies will clamour and beg for it. Desperately

[Anonymous No.21449216]

>>21446594
micro delusion, macro between take off and first sell off

[Anonymous No.21449230]

>>21449113

I am a derivatives lawyer for a big 3 investment bank. These people have no clue what DeFi is man. Most people in the bank don't even understand that the Fed is going block chain

[Question No.21449419]

>>21449230
The average normie never had to know what DeFi is. The end user application is all they need to know. These assets will be demanded by them. They will ask their brokers or look for etfs. They don’t. Need to understand it. Don’t know if you’re larping. But I also have a JD and MBA. Looking at it from the action you see from a corporate law firm is not helpful. Because there is not the need for accessing capital markets and you are not so necessary in that particular respect at this time. But soon yes. You will have many billable hours faggot

[Anonymous No.21449444]

>>21446929
Link is in disbelief stage

[Anonymous No.21449523]

Stealth phase. Wait until Alien's hear about the market and start investing it. To the moon, I say, to the moon!

[Question No.21449536]

>>21449230
Larping as an investment banker just makes you a fag who wishes he was a bigger fag anyway. Stop masturbating to American Psycho. You’re not Patrick Bateman

[Anonymous No.21449537]

>>21449419

I'm not larp ing. I work on ISDA Master Agreements and fixed income Repurchase Agreements

[Anonymous No.21449538]

>>21449230
A lot of people who spend their time learning about cryto project way too heavily. They think the world outside their obsessive bubble is right on their heels, when in reality only a tiny percentage of people even understand Ethereum on a level beyond "that's kinda like Bitcoin, right?"

Maybe you can help me out with a question about derivatives:
You sometimes see this chart of the value of the derivative market posted in relation to how much value Link can capture. They claim that since Link needs to be put up for collateral to secure a contract, the network value would rise to extreme levels.
But this sounds like total nonsense. The value in the derivatives market doesn't actually exist. They are just promises for future payments if certain conditions are met, and many of these promises are hedged, meaning that the NET value is far far lower then the quoted QUADRIALLION DOLLARS (or whatever it is). In reality, that level of wealth doesn't even exist.
Am I getting this right or am I missing something?

[Anonymous No.21449625]

>>21449536

I'm not a banker, I negotiate documents

[Anonymous No.21449706]

>>21446675
This.

Just coming out of stealth actually, so right at the start of awareness.

[Anonymous No.21449745]

>>21447735
Wogs out

[Anonymous No.21449796]

>>21446594
enthusiasm

[Anonymous No.21449889]

>>21449538

Yes, there is a "notional amount" or face amout of a derivatives contract, then there is the collateral that reduces the exposure to a "net" amount and the collateral is topped up daily. Also, counterparts can have multiple trades where each party is in the money on one trade and out of the money on another so the net amounts cancel out.

I haven't looked at the market data on aggregate NET amounts but it is probably a few hundred trillion. So the notional number people throw around of quadrillion probably isn't right.

Netting can fail and you can have notional exposure if you do not have an enforceable agreement in insolvency proceedings against your counterparts. We get legal opinions on that issue to cover our asses.

The utility of LINK is providing data, so it will capture more market cap as it gets used for more products including derivatives on smart contracts, but i do not see any references to LINK in any of the agreements for derivative trading

[Anonymous No.21449919]

>>21449796
I can't stop laughing at this gif

[Anonymous No.21449939]

>>21446605
fucking this
Shit has literally not even started kek

[Anonymous No.21450077]

>>21449032
This. But this run wont be followed by a massive crash.
This bull run is based on fundamentals and actual products.

[Anonymous No.21450079]

>>21446987
this is not media attention

[Anonymous No.21450114]

[Anonymous No.21450689]

>>21449889
One of the use cases of Link is also as collateral in smart contracts, so if we assume that the derivatives market ends up being secured by such digital agreements, those agreements may be secured by Link. I don't know if and to what extent one can reasonably expect this to happen, it's a speculative market on future tech we're in here.
>then there is the collateral that reduces the exposure to a "net" amount and the collateral is topped up daily
What kind of collateral is generally used for this?
And do you have some sense of roughly how much collateral is currently tied up in the derivatives market?

[Anonymous No.21450820]

>>21446682
>How can Wall Street take this seriously if it devolves into clown show scams for faggots

Wall street is a clown show for faggots

[Anonymous No.21451143]

>>21450689

So permissible collateral is negotiated bilaterally in non-centrally cleared derivatives and is stated in something called a Collateral Support Annex for ISDA trades (e.g. FX swaps and Credit Default Swaps). Standard or custom haircuts are applied. Usually the collateral is US treasuries or USD cash.

In fixed income repos the docs are a bit different but similar construct in the sense that you explicitly state acceptable collateral.

For LINK to be collateral for derivarives that are bilaterally negotiatwd, the parties would have to include them in the docs. Theoretically possible but unlikely at this stage.

There are centrally cleared derivatives where the parties send the trade to a big clearghouse that manages risk like collecting collateral and making collatrral calls, the rulebook of the clearing house specifies acceptable collateral.

The collateral use of LINk is potentially possible at some point but I'm not seeing it.

The data and compensation to node operators is what is really interesting right now.

I have 8000 LINK and I am loving this.

[Anonymous No.21451287]

>>21447415
>you're extremely delusional if you are hoping for $200/link
Your right, link isnt going to 200, its going to 1,000.

[Anonymous No.21451307]

>>21451143

The higher the token price goes the more incentive to become a node operator

[Anonymous No.21451502]

>>21448436
>What is crazy is LINK is already exploding before BTC and ETH have really started pump. LINK might go to a couple hundred bucks this year.
that's not how this works, you can already observe link and other tokens are dumping when eth is pumping

current market:
1 new money enters the market -> eth pumps
2 people start selling tokens into eth as they see eth value dropping fast, tokens start going down even faster, more people sell.
3 pump ends, crab after a minor correction
4 part of new money starts looking to diversify, they buy tokens
5 tokens pump

A long and big eth pump would collapse token prices, because it means phase 2 would last a long time

[Anonymous No.21451593]

>>21446594
I think we're at "public"

[Anonymous No.21452138]

this cycle really hasn't even had a first selloff yet.

[Anonymous No.21452236]

>>21451502

OK, thanks for the correction. You're right I see ETh and BTC pump and ERC 20 tokens crash

[Anonymous No.21452694]

>>21447788
I have tried to get normie friends into alt coins. It’s beyond comprehension. They have zero awareness and think it’s a scam

[Anonymous No.21452782]

Every time the price goes up we are at euphoria and on the verge of crashing to 0

t. faggots

[Anonymous No.21452810]

>>21451502
basing this bull market on the previous one exactly

>history doesn't always repeat, but it does rhyme

[Anonymous No.21452897]

>>21452694
>think it’s a scam
they are not wrong, where do you think profits come from? from other buyers, usually the least informed ones. They realize without deep knowledge they would be the marks.

[Anonymous No.21452923]

No reason LINK shouldn't be top 3. It's simple really

[Anonymous No.21452983]

>>21452897

What is a stock but the same thing

[Anonymous No.21453018]

>>21452983
wrong, a stock is ownership in a company that's supposed to generate profits.

[Anonymous No.21453034]

>>21452923

I agree. It will pass XRP and Tether soon

[Anonymous No.21453043]

we're in takeoff

[Anonymous No.21453108]

>>21453018

Tech stocks often have no profit and MAYBE a path to profitability but often they do not, and the market caps can be 50 billion USD before they turn a profit like Tesla.

Why does that happen? They are implementing the transhumanist agenda so they are allowed to grow with no profits.

[Anonymous No.21453126]

>>21446594
Greed/delusion

we'll hit "NEW PARADIGM!!!" when staking is announced at the conference. Which of course like literally every other LINK pump will be the start of the dump. I for one have been holding for a year and a half and dumped a third of my stack at this price, will dump another third if we get to $25, and the last third I'm holding pretty much forever just in case

[Anonymous No.21453136]

>>21451143
Yea, I thought that narrative was a bit out there. Who knows how things will evolve in due time though, Link has surprised me a few times already.
A bit of an aside: does the repo crisis that started last year have something to do with banks losing trust in collateral?

[Anonymous No.21453140]

>>21446605
media attention or first sell off?

[Anonymous No.21453143]

>>21453108
I'm not denying that stocks are in large part a speculative game too, mostly because fed is pumping obscene amounts of money into the market.

[Anonymous No.21453167]

>>21446675
This
>>21449706
And this

We exited stealth phase for this cycle on July 27th, 2020

[Anonymous No.21453207]

You guys realize crypto, globally, is only at 45% of ATH from 2018, right? We still have plenty of room to grow. LINK will obviously correct at some point but I wouldn't want to try to time it.

[Anonymous No.21453319]

>>21453143

Corporations involved in implementing transumnaism (i.e. the digitization of human life) are allowed to grow huge with no profits since they are implementing an agenda favored by the bankers who are transhumanists.

LlNK as the premier decentralized oracle might reach heights that will give you a nosebleed

[Anonymous No.21453469]

>>21451307
I figure the most profitable time to be an operator is early on. Node services are paid in Link but effectively are priced in dollars (at a more constant value). If you provide a service that costs X dollars while the Link price is low, you'll get more Link than if you provide the same service when the Link price is high.
I figure it'll ultimately trend toward 2-7% returns once the network matures and the Link price stabilizes. At least that's my hunch.

[Anonymous No.21453575]

>>21453136

The repo crisis, to my knowledge has more to do with banks losing trust in other banks. Certain banks were basically a deflationary black hole for value for a while (may still be), you put collateral in and its not clear its coming out.

US treasuries are still good collateral, so is USD cash, but who knows how long that will last.

[Anonymous No.21453696]

>>21453575
>who knows how long that will last
You figure they'll be forced to print it into oblivion?
I keep hearing more about central bank crypto (been hearing little bits for a few years now but it's picked up recently). I wonder how that will play into the macro picture.

[Anonymous No.21454261]

>>21453696

Yes, CBDCs are in play.

There is discussion that the USN (US Note) a digital dollar from the treasury, is already being onserved by traders but I CANNOT independently verify that.

[Anonymous No.21454306]

>>21454261

*observed

[Anonymous No.21454535]

>>21453696

In terms of the macro picture, CBDCs will probably be used to air drops of digital dollars to the masses financially ruined by corona. Since the Feds will control the digital wallet characteristics, they may be able to apply negative interest and NIRP the money until you spend it all to boost the economy/ prevent you from saving unless there is a paper dollar along side the CBDC

[Anonymous No.21454603]

Link just started the mania phase so it'll prob keep going up

[Anonymous No.21455246]

>>21454535
Preventing people from saving is the road to ruin. Seriously, I don't know what they're thinking. It's going to unravel the social fabric of our societies.

[Anonymous No.21455392]

>>21455246

Yeah, just conjecture though. I could be wrong.

[Anonymous No.21455424]

>>21454535
basically the fed is forking ampl with a twist; besides just the clawback of negative interest rates / debasing they're also adding an expiration date function

[Anonymous No.21455501]

>>21455246
>WHAT ARE THEY THINKING!?
you took his hypothetical a bit too literally, anon

[Anonymous No.21456314]

>>21455392
Guess we'll find out.
>>21455501
Central bank policy has been destroying savings for a long time now. The dollar is being devalued far faster than most people realize. The CPI doesn't measure things like food and fuel anymore, meaning that it doesn't capture inflation for the kinds of goods that average people need to buy. If you look at shadowstats, you'll see that using 1970's and 80's measures of inflation, we've been at about 8% for some time now.
The only reason this doesn't fuck everyone over is that they invest their retirement in the stock market, which largely counters this inflation (and allows the government to tax you again on capital gains). If the stock market party were to ever come to an end, there'd be hell to pay and they know it.