Crypto Megathread v18 - ETH Killers and The Metaverse

[TeTe]

It’s not impossible the next event won’t be worse IMO

The housing and car market could use a correction IMO

 

[GarbageGuy]

If Evergrande has to default and has to restructure and sell a bunch of assets there will be a big ripple effect.

Let's go $1500 Eth.

you're starting to believe
i love it

 

[SSgt Dickweed]

Is it cheaper to convert Ethereum to Ripple/Stellar and send to another wallet and convert the Ripple back to ETH?

 

[Henry Swanson]

The housing and car market could use a correction IMO

Amen to that. My wife and I have been looking for a house for a year now. We’ve seen dozens of properties and made 6 offers over that time span. All 6 offers were above asking price and we lost out on all of them because someone else offered ridiculous money. One place we lost out to a buyer who paid 500k above asking. It’s depressing as hell

 

[Rygu]

you're starting to believe
i love it

I don't know what to believe at the moment.

All I know is I have fiat, BTC, Eth and Solana and things could be a lot worse.

 

[m25105]

Riddle me this, what happens if you don't use Chainlink as your oracle?
You get liquidated.

 

[Long Dark Blues]

Is it cheaper to convert Ethereum to Ripple/Stellar and send to another wallet and convert the Ripple back to ETH?

Most likely, yes.

XLM has practically ZERO network fees, I always convert to XLM first.

And if you are converting on Coinbase, there's usually no fee to convert from crypto to crypto.

 

[Rygu]

Riddle me this, what happens if you don't use Chainlink as your oracle?
You get liquidated.

So would buy orders at 8k have been successful?

 

[TeTe]

The cat is bouncing

 

[m25105]

So would buy orders at 8k have been successful?

Probably not. But it sucks for people that got liquidated no less. Non Chainlink oracles have a tendency to fail during crashes.

 

[TeTe]

Amen to that. My wife and I have been looking for a house for a year now. We’ve seen dozens of properties and made 6 offers over that time span. All 6 offers were above asking price and we lost out on all of them because someone else offered ridiculous money. One place we lost out to a buyer who paid 500k above asking. It’s depressing as hell

I'd imagine it's gotta be nuts in Vancouver. It's crazy here. We're lucky we bought last October, after only looking for a month.

 

[TeTe]

If Evergrande has to default and has to restructure and sell a bunch of assets there will be a big ripple effect.

Let's go $1500 Eth.

I'm talking about from a technical standpoint really. The lower the network usage, the less gas fees people pay. The lower the gas fees, the less heat they take.

a few month bear market would be a great time to get some serious progress in.

 

[GarbageGuy]

I don't know what to believe at the moment.

All I know is I have fiat, BTC, Eth and Solana and things could be a lot worse.

SOL is holding up quite well as it always does when BTC drops. Even if BTC made a new low in the current structure, SOL did not.
ETH though is scary

 

[Rygu]

I'd imagine it's gotta be nuts in Vancouver. It's crazy here. We're lucky we bought last October, after only looking for a month.

Oh it's crazy in Vancouver. I'm not sure if there's a thing available below 7 digits.

 

[GarbageGuy]

bought more TECH and more WILD as a long term move.

Holding until 2022 on both of these

 

[Henry Swanson]

Oh it's crazy in Vancouver. I'm not sure if there's a thing available below 7 digits.

There is if you’re willing to take a condo in a rougher part of town.

I just lost out on a 1900 sq ft duplex that someone paid 100k over asking for. Don’t want to derail this thread but it’s a real piss off because I have a really fucking good chunk of money to work with after selling our condo to an investor last year, yet I’m still getting steamrolled on all my offers.

 

[Rygu]

There is if you’re willing to take a condo in a rougher part of town.

I just lost out on a 1900 sq ft duplex that someone paid 100k over asking for. Don’t want to derail this thread but it’s a real piss off because I have a really fucking good chunk of money to work with after selling our condo to an investor last year, yet I’m still getting steamrolled on all my offers.

Why not try Burnaby/Richmond/New West?

 

[Rygu]

 

[Henry Swanson]

Why not try Burnaby/Richmond/New West?

I made offers on two properties in Burnaby and one in new west. Pretty much the same thing. I would prefer avoiding Richmond.

 

[Rygu]

I made offers on two properties in Burnaby and one in new west. Pretty much the same thing. I would prefer avoiding Richmond.

I definitely got lucky paying 261k for a 1030sq foot condo in Mission just 9 months ago. Mission isn't great by any means but it's not THAT far from Vancouver.