Discussions from the Metaverse

@turpija Sadly it has everything to do with triangular arbitrage (google it if you are not aware), it's simple maths, but it's recking the crypto space!

The only solution would be to have every crypto trade against a stable coin only, and remove as much liquidity out of cross-pairs as possible (BTC/ETH for example).

@turpija how is it possible? Crypto is led by Btc. Traders sell when Btc drops and buy when Btc rises. Also, the vast majority of crypto are paired to Btc and eth.

@RomanistHere when i open coinmarketcap.com all i see is red, and what i can conclude there is very little independence between coins ...
it is great thing when ETH announce their upgrade and it jumps 10% on it's own, but when daddy BTC goes up, ETH follows, and when BTC goes down ETH has no other option than to follow ...

@JamesHuckle "The only solution would be to have every crypto trade against a stable coin only, and remove as much liquidity out of cross-pairs as possible (BTC/ETH for example)."

but i'm looking at 24h volume, and combined volume of USDT, USDC and BUSD is pretty much the same as combined 24h volume for top 10 non stable coins ....
so maybe it doesn't make sense to me ...
i'll have to look into triangular arbitrage

@OGweb3 Dude https://www.youtube.com/watch?v=0SL2PzzOiF8

@OGweb3 I think it hit the ground just before impact.

@Wiwy evidently you are beyond stupid

@DarthVader How come there was no crater from impact?

@OGweb3 why would there be a crater? Not saying it went straight down. Look at crash landing sites. There aren’t always craters. It’s not like a meteor

@CryptoGeezer We will be lucky to see 7.

@RomanistHere million can’t go to zero. It’s pegged to a one dollar floor.

@RomanistHere

No, BTC can go to zero or minus 1 billion in price and MM will not go to zero.
MM might go to close to $1, but probably not. $3 would be the lowest imo.

@Wiwy I think that we have so many diamond holders that under 9-10 is immposible

@Wiwy Wow, do you think we will see $3 or is that the lowest you think it could ever be?

@CryptoGeezer

I think that is the lowest we could go IF Bitcoin drops to zero. If Bitcoin dont drop to zero i dont think we will see prices below $7-$8 except for quick wicks from large sells.

@Wiwy $9 looks like the bottom!

@Wiwy well it’s at 9 on quickswap. So almost to your price target lols

@DarthVader it is over 11 on quickswap

@DarthVader Never gets old. I love times like this!!!!

@dolphin the wizard has spoken

@dolphin Hero

@CryptoBackstage I watched it at my usual 3x speed (plugin on chrome), it's brilliant.

I hope TL can find a way to leverage this community, I am not saying it's going to be easy - we are a bunch of degenerates - but if he succeeds then he will weald a powerful army indeed!

@MM-Matt It's holding up so well, even more so against alts! Great post mate