Avenger Chat – 29 Aug 23

00:00: Discussion about Grayscale, SEC appeal ruling, and spot ETFs renewal at the end of the week.
03:15: Discussion about the movement of various cryptocurrencies, with Casper showing recent activity.
04:36: DCG has reached an agreement in principle for the amount of recoveries available for creditors, ranging from 70 to 90%.
06:05: Why was BitBoy Crypto let go? Reasons cited include substance abuse and financial damage to employees.
07:36: Grayscale wins SEC lawsuit for Bitcoin ETF review, but there was a previous rejection due to concerns about market manipulation.
09:27: The SEC denied Grayscale’s application to convert its Spot Grayscale Bitcoin Trust into an ETF.
14:55: Several ETF applications are set for consideration on September 1st and 2nd, with decisions expected to be announced on Friday.
18:02: Clarification on the meaning and impact of HashRate on cryptocurrency prices.
23:04: Discussion about the relationship between mining difficulty, hash rate, and price in blockchain networks.
29:32: Discussion about equipment setup and performance of different cryptocurrencies, particularly Litecoin.
32:46: Discussion about the current state of the market, including the hash rate and price of cryptocurrencies.
34:23: Discussion about the fluctuation of Monero’s price and the reasons behind it.
46:49: The importance of resilience and maintaining security in Polkadot to maintain trust.
48:25: The concept of accords in the Polkadot network and the process of obtaining parachain slots.
54:28: Discussion about the concept of non-fungible tokens (NFTs) and the potential for collaboration and resource sharing in small projects.
56:00: Polkadot has a relay network and parachains that use XCM to communicate with each other and other networks.
57:31: Polkadot aims to be an interoperable network, bridging gaps between silos and enabling seamless communication between parties.
59:01: Discussion about the unique arrangement and understanding in the crypto space, particularly in Polkadot.
01:01:51: The potential of Moonbeam, Centrifuge, and other projects built off it. Mention of Bitcoin halving cycles.
01:03:21: The upcoming halving event and the potential impact on the market.
01:06:31: Discussion about the duration of the bear market and the potential for a Santa bounce in Bitcoin.
01:08:07: Discussion about market sentiment and potential price movements. Mention of a large Bitcoin withdrawal from Bybit exchange.
01:09:49: Discussion about Bitcoin being removed from exchanges and the importance of keeping crypto off exchanges.
01:11:45: Tokenization of real-world assets is a growing trend, with potential for trading digitally and listing on stock exchanges.
01:13:38: Harry has questions about how Relio is solving the problem and what they are actually doing.
01:15:22: The discussion includes information about investing in real estate, equity, and other assets, as well as SEC compliance-enabled technology.
01:21:13: Doubts about Relio’s ability to compete with Facebook in the metaverse and skepticism about dealing in real-world assets.
01:32:09: Discussion about KYC, investment information, and price history of the project.
01:35:16: Having a strategy for taking profit and determining when to sell is important.
01:37:08: Monthly buying strategy and potential spot buys based on market developments.
01:38:28: Discussion about sidestepping and getting back into Rinse and Repeat strategy for investing in crypto.
01:42:00: The 4-hour chart suggests a potential pattern of rise, consolidation, and rise before an M formation.
01:43:49: Market movements and potential squeeze may lead to a fall in prices.
01:45:32: Discussion about selling BifrostBNC and Link, current downtrend, and noise in the market.
01:47:10: Discussion about chart analysis and potential for further falling in the market.
01:50:34: Discussion about speculation, use case, usability, development, mining profitability, and upcoming arrival of KS3 machines.