cryptofun

cryptofun

Adventures of a cryptofreak: how to cook a cat and get rich quick with cryptocurrencies.


$YFI: How to Bake Money

3 Feb 2021 1 minute read 0 comments Jelly Fish

Recently in a Telegram group, I've got a note that "YIP-57 has passed" or similar. I don't know why I went to dig what that could mean. But I've found some rather interesting things. "YIP-57" was voting held at Yearn Finance on a proposal "to fund Ye...

GME, BTC, DOGE and Punk

2 Feb 2021 3 minute read 0 comments Jelly Fish

I think by now everybody knows the "Gamestop short squeeze" story. This is indeed a very interesting story (and the most interesting part seems untold yet). A company that was slowly dying for years because of shifts in its business environment. Some...

Bitcoin Price Probability

28 Jan 2021 3 minute read 6 comments Jelly Fish

They calculated the odds of everything and understood the possibility of nothing.Mr. Batnick about LTCM team Do you know what is the safest vehicle statistics-wise? Somewhere on the internets I was once told that it was... (surprise!) (another surpri...

A New Store of Value?

27 Jan 2021 1 minute read 1 comment Jelly Fish

"The institutions" are said to have found themselves a new toy! "The institutions" are said to consider Ethereum as yet another "store of value"! WTF? What's wrong with BTC now? Why hadn't ETH been a "store of value" until it hit a new ATH? Does it m...

Cryptotrading Scams

27 Jan 2021 2 minute read 0 comments Jelly Fish

Recently on Cointelegraph I run across an article FBI arrests 24-years-old crypto-trader for fraud. Jeremy Spence, a/k/a, ‘Coin Signals,’ allegedly lured investors to his cryptocurrency investment scam by touting returns of up to 148%. Spence’s inves...

BTC Pump Waves

26 Jan 2021 2 minute read 6 comments Jelly Fish

It's interesting to look at the all-time BTC chart. If we watch the chart on the log scale (as opposed to the linear scale), we can notice that the current BTC pump is at least the 4th (or even the 5th) big pump in BTC history. I don't know what caus...

Bitcoin Liquidity

25 Jan 2021 3 minute read 0 comments Jelly Fish

Quite some time ago Glassnode guys made an article about Bitcoin "liquidity" claiming that 78% of total BTC supply is "not liquid". I've seen quite a few posts everywhere pointing to this article as an indication for the future BTC shortage and price...

Wut the Dump, Again?!

22 Jan 2021 1 minute read 1 comment Jelly Fish

About two weeks ago I made an article about then BTC dump. Those who read that article may notice that my price predictions sucked. BTC indeed went pretty close to $30K that week but later it bounced back to about $35K only. Yesterday it touched $29K...

Colored Crypto Pills

21 Jan 2021 5 minute read 0 comments Jelly Fish

There's no spoon. Normally I don't go into debates over particular articles. First, I don't want to spend my time arguing, and second, I don't want to accidentally upset guys who spent some effort on writing (even if I consider their writings be...

ETH ATH and DeFi

20 Jan 2021 1 minute read 1 comment Jelly Fish

ETH recently reached a new ATH. USD TVL is at ATH as well. The "corporations" seem to buy ETH "at any price" -- "because ETH is second after Bitcoin", I guess. Gas goes higher as well, both in USD and Wei terms. I think in DeFi game the players who'd...