Crypto Mumbles – Telegram
Crypto Mumbles
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things I mumble to myself about crypto

basically my transparent crypto diary

education, analysis, and trades 🙂

Twitter: https://twitter.com/dpycm
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Crypto Mumbles
almost a year of db accumulation in a range on $LINK usually such accumulations result in strong breakouts with high price targets eg. LINK 2019-2020 (378 days), ETH 2018-2020 (721 days) LINK also maintains a strong position in the market as an oracle that…
have been accumulating $LINK the past weeks with an average entry around ~$6.2

think it’ll run decently once the breakout of range happens

biggest bags still in ETH and BTC in that respective order
Crypto Mumbles
https://twitter.com/DegenSpartan/status/1679655326860337152?t=9oiOcV_BLpRfoJT2W7-mmQ&s=19
if you're unsure why Lido possessing 33% is bad

"At certain threshold amounts of staked ether, the attacker’s power levels up:
33%: finality delay
34%: finality delay, double finality
51%: finality delay, double finality, censorship, control over blockchain future
66%: finality delay, double finality, censorship, control over blockchain future and past"

essentially lido is able to attack the network and cause finality delay (ofc this is if all 30 of lido's validators choose to collude but its not impossible)

but generally also going against the idea of decentralizing the ethereum network with 1/3 stake centralized w lido

https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/attack-and-defense/
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an increasing total stablecoin mcap is also a sign of an incoming bull market

total stablecoin mcap still on a decline rn while tether is stagnant and usdc is on a decline

still early in the bull imo
Coinbase's Base layer-2 (built using the OP-stack) could represent one of the most substantial onboarding events of the year, as it will bring over 40 million registered users to DeFi.

This development could also create a positive narrative for $OP, as Base is set to dedicate a part of its transaction fee revenue to the Optimism treasury.

https://twitter.com/ElonTrades/status/1679696932585762816?s=20
Forwarded from Market News Feed
BREAKING: THE BIDEN ADMINISTRATION ANNOUNCES IT WILL FORGIVE $39 BILLION IN STUDENT DEBT FOR 804,000 BORROWERS. ...
Crypto Mumbles
an increasing total stablecoin mcap is also a sign of an incoming bull market total stablecoin mcap still on a decline rn while tether is stagnant and usdc is on a decline still early in the bull imo
actually v true

spoke to a few friends/family and most if not all of them think its still a scam/dangerous/too volatile

common statements when talking to them about crypto:
"easy to earn but easy to lose everything"
"oh its the one FTX collapsed right"
"too complex"
"its a bubble that'll burst"

the fomo hasn't kicked in yet

https://twitter.com/DegenSpartan/status/1679478521796902912?s=20
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agree w this in that BTC should form one more higher low on the HTF aka retracement to 27/28k before punching through 32k

its healthier price movement and i believe there needs to be a clean sweep downwards (or some call it shakeout) before we uponly

once we flip back up on 32k i think its gonna be a frenzy and btc isn't gonna wait anymore

when it moves it'll move really really quick upwards

still waiting tho...

cautiously optimistic is what i am rn

https://vxtwitter.com/Crypto_Joe10/status/1679817912247304192?s=20