Are we excited yet?

Daithi40 wrote: »

looks like Uniswap or 1inch only for exchange

I bought it using Unswap. Had to pay $8 for mining it?

I've tried to sell half it but it says liquidity issue?

Should have done some research before committing my $8 (plus $8 for the mining). I had to but ETH first and pay with that but it won't transfer back

crushproof wrote: »

By the looks of it you are one lucky git! What a start to your crypto trading career. Perhaps you have a gift!

No gift here.

Although an online course called
Crypto with Maxwell has a certain ring to it 😉

fritzelly wrote: »

Nobody wants to buy it

Right!
I'll put the second tin of cider back in the fridge so. That's enough excitement for one night 😀

quinneerr wrote: »

Anyone that talks price in € and not $ is to be dismissed without hesitation, the markets are priced in $* world wide, the buy and sell orders are placed in $*, the support and resistance prices are also in $*, making trades based on any other currency is a way to miss out on pumps and get caught in dumps.

*Have not forgot about BTC pairs, but that would be considered advanced trading for too many round here to include it.

I have only used € to buy with. I have always followed the € price and never use anything else in discussions. Two digit post count blow in's trying to define protocols, now they might be something to be dismissive of.

cnocbui wrote: »

I have only used € to buy with. I have always followed the € price and never use anything else in discussions. Two digit post count blow in's trying to define protocols, now they might be something to be dismissive of.

Everything Quineer says is correct though. And I think you will find most, if not all, the serious and long term investors/traders use $. There's a reason for that.

SkyRevNet wrote: »

He literally said that anyone that talks in € terms instead of $ terms needs to be dismissed immediately. Absolute utter elitist nonsense.

Assets movements are based on commercials. If you understand the commercials, it's irrelevant whether you quote, on an Irish public forum, $ or € prices.

Your quantification of "movement" is, by definition, given in terms of your choice of numeraire.


Suppose I bought two identical fungible assets one year ago today. I paid 1 Euro for one and 1.11 USD for the other. Equivalent price at the spot rate. I put them in my pocket and mix them up so I can't tell them apart.



I sell both today. One for 1.15 USD and one for for 0.94 EUR. Equivalent price at the spot rate.


Are your "commercials" up or down? In other words have I made money or lost money? I haven't told you who I am or where I live etc. Have a think about it and come back to me.



You can also google things like Siegel's paradox.

Donald Trump wrote: »

Your quantification of "movement" is, by definition, given in terms of your choice of numeraire.


Suppose I bought two identical fungible assets one year ago today. I paid 1 Euro for one and 1.11 USD for the other. Equivalent price at the spot rate. I put them in my pocket and mix them up so I can't tell them apart.



I sell both today. One for 1.15 USD and one for for 0.94 EUR. Equivalent price at the spot rate.


Are your "commercials" up or down? In other words have I made money or lost money? I haven't told you who I am or where I live etc. Have a think about it and come back to me.



You can also google things like Siegel's paradox.

You're over-analysing a very simple point I'm trying to make, that "dismissing" someone's insights becuase they focus on € changes over $ changes is ****ing nonsensical and pure eltism.

The people here are generally not "day traders" and invest for long term gains. Naturally, they are not overly concerned about €/$ exchange rates. They are more concerned with the commercial/economic fundamentals of the asset.

SkyRevNet wrote: »

You're over-analysing a very simple point I'm trying to make, that "dismissing" someone's insights becuase they focus on € changes over $ changes is ****ing nonsensical and pure eltism.

The people here are generally not "day traders" and invest for long term gains. Naturally, they are not overly concerned about €/$ exchange rates. They are more concerned with the commercial/economic fundamentals of the asset.

Mathematically, if you explain your asset dynamics in one (risk neutral) numeraire and then want to move to another, your volatility will be the same but you will get a quanto adjustment to your original drift.That covariance term can easily give you a model which describes an increase in one numeraire and a decrease in another despite being on the same underlying. (As an aside, it is that quanto adjustment which mathematically resolves Siegel's paradox).



Anyway, some pen pusher in a 9-5 public sector county council job who downloaded a crytpo app and now thinks they are Warren Buffet will be along shortly to declare the above basic 101 as wrong or clueless :pac:


Edit: Just to add, you can use whatever numeraire you like. Euro, US dollar, tins-of-beans. Whatever you like. But the dynamics will not be the same. So that will affect how your view your "commericals" if I understand correctly what I think you are referring to by that term

SkyRevNet wrote: »

Again, you're missing the point, so I'll rephrase. Are you in agreement with the previous poster that the insights of someone that quotes their holding & PnL in euro terms is to be instantly dismissed?

Just as an FYI, those pen pushers provide a real, tangible public service. Which can't be said of huge swathes of the trading market.

If you're investing in an asset you believe will increase 500% over 5-10 years, as some people here seem to think, you're not going to be overly concerned about €/$ price movements bar a catastrophe.

I never opined on what they can or can't choose. I already edited my post to say that before I saw your response. One can use whatever one wants.



I was merely commenting on your point about "movement" and pointing out that the quantification of "movement" is affected by the choice of numeraire.



I gave a simple example to show a case where from one perspective an asset "increased" but from another perspective it "decreased" just to illustrate

Donald Trump wrote: »

I never opined on what they can or can't choose. I already edited my post to say that before I saw your response. One can use whatever one wants.



I was merely commenting on your point about "movement" and pointing out that the quantification of "movement" is affected by the choice of numeraire.



I gave a simple example to show a case where from one perspective an asset "increased" but from another perspective it "decreased" just to illustrate

So basically you've ignored the main point I tried to make and you're nit-picking on semantics. I probably should have used the word "economics" instead of "commercials". Point being that if someone has a fundamental understanding of a market (crytpo market in this case), it's far more valuable that whether or not they quote in $/€ on an Irish forum.

SkyRevNet wrote: »

Welcome to the internet

How dare you, so you're saying that we're all using straw man arguments then because we use the internet?

SkyRevNet wrote: »

So basically you've ignored the main point I tried to make and you're nit-picking on semantics. I probably should have used the word "economics" instead of "commercials". Point being that if someone has a fundamental understanding of a market (crytpo market in this case), it's far more valuable that whether or not they quote in $/€ on an Irish forum.

It's not semantics and the point still stands regardless of what word you use. I am sure there will be a few that understand my post.



But no matter. Best of luck with whatever you do.

Still unsure if people are excited...

Dippedy do-dah dippedy yay, time to buy more btc today... ?

(I might wait a bit :pac: )