kyoukage01

On March 23, attackers were assumed to have managed to hack into the Ronin Network, the software Axie Infinity players use to store and receive their crypto and tokens. A total of $625 miliion of assets was reported to have been stolen from the network. This exploit was said to have gone unnoticed until a player reported that he can't transfer his own funds, which prompted an investigation that led to the discovery. Details of the hack has been available on the news only yesterday. One such article was posted on this link: source: https://edition.cnn.com/2022/03/29/tech/axie-infinity-ronin-hack/index.html With a haul of $625 million, this hack can be considered as one of, if not THE, worst cybertheft on the crypto online gaming world. A lax security issue to ease network traffic was blamed for what happened. Current and future crypto games must now take steps to ensure that they won't become next in line. The hacker's wallet has been traced and found that most of the stolen funds is still being kept there, so there is still hope for it to be recovered. In the meantime, affected players are advised to post any transaction issues they might have to the company's support team.

UPDATE: That's strange, I can't find the crypto forum category in the list of winners at the event at blockchain-fest.com (link1, link2) but apparently the CryptoTalk forum won. There's a topic on the Russian section discussing about the end result, and there even was a small reward for select forum participants. (Can't read Russian? Google Translate is your friend.) Belated congratulations on the forum! So... when is the next nominations for the best crypto forum for this year going to come up?

I think it has something to do with *cough* what is happening in Eastern Europe at the moment. There's a lot of things going on right now, maybe once after things have cooled down then the staff handling the TALK tokens will resume work on it. Right now there isn't anything much to do but wait for further announcements.

Cryptocurrency Market Monthly Updates - Based on CFGI (Feb 9 - March 10, 2021) The crypto market continued on to the fear and neutral range for the whole of Febuary. But around March 1, in just one day, there was a sudden jump of 31 points from February 28's 20 fear to 51 neutral. Things were looking quite bullish at the time, but it proved to be just a "hiccup" during the following days. There are major things that is happening in the world right now, and as much as I would like to go into details, I'll keep political things out of the discussion due to forum policy. What I can tell though is that the current fear market may be due to certain governments trying to put the lid on crypto to stymie efforts of it being used to bypass economic sanctions. Still, we are having two polarizing usecases of crypto coming into gear at the same time: one is that it is accused of being used to avoid sanctions, the other is it's being used to gather funds for support of a certain aggrieved population. It will be interesting to see how this positive/negative aspect is going to play out for the cryptocurrency industry. As for the current and imminent future state of things for the crypto market, there is still no sight of a bullish market just yet. The US president has just issued an executive order for looking up into crypto (link here) and IMO the reaction for this is mixed. Other than that, there are no further positive news at the moment strong enough to pull crypto out of the dominant fear/neutral market at the moment. Here's also the top 10 crypto coins today from CoinMarketCap: (Updated with permission from the OP.)

Axie pets are sold in ETH at the official marketplace. https://marketplace.axieinfinity.com/axie/?auctionTypes=Sale Since ETH prices can fluctuate just like any other crypto, its dollar equivalent can change as well. Here's a sample picture, from cheapest... to THE REASONABLY most expensive (???)... Alternatively, you can buy pets from other players or a dealer without going through the marketplace. I wouldn't recommend it though...

Welcome back, then! There isn't much activity here as of late, but do feel free at home 🙂 . Oooh, I can relate to this one. Here's what happened. Axie Infinity was booming last year, right? I knew back then that what was happening was just a fad that will diminish over time, along with SLP and other related token prices. But a relative of mine who had barely any knowledge about crypto had other ideas. Back at November, he wanted to try Axie. I said to him "No. Not at this time anyway" and proceeded to explain to him how crypto works, even showed him the SLP chart at Binance. But no, he didn't listened. Later on, I learned that he bought a team of pets from an Axie dealer, AT +50% OVERCHARGED PRICE!!! WTF!!? Only later did he realized his folly, when he took a look at the prices at the Axie marketplace and had at least an understanding of crypto's volatile prices. Had he listened to me, he would have at least prevented himself from being "scammed" like that. Hooooh boy. But what compelled him to act the way he did? It turns out that he was making contact with other people telling him that you can get rich quick playing Axie (not 100% true, as anyone knowledgeable enough at crypto will tell you) and that he should buy from them "reputable sources". Probably even told him that anyone giving negative comments (like me) about the game are just haters who do not want to believe. He didn't listened to me. Now look what happened LOL. It will probably take around another 4-8 months at this time for him to break even on his investment. So what is the lesson you get from all this crap I wrote? Learn crypto, and not just the SLP prices. A general understanding of how crypto works along with updated news can help a lot. Be wary of people offering too-good-to-be-true deals. Listen and ponder on feedbacks, even negative ones. Axie Infinity is a good and solid crypto game BTW, no doubt about it personally. But since it requires investment to play, be sure you know you are getting your time and money's worth of it.

The fearful and bearish market that started back at December last year has already lasted for almost a whole quarter year. But just today, a sudden spike in crypto prices is happening, even at this very moment. Just look at the chart below for the crypto prices and stats from Coinbase as an example. source: https://www.coinbase.com/price for March 1, 2022 (one day setting) I don't know how much information I can give at this time due to this forum's policy of not posting any political messages, so you'll have to make do with the link I'll leave below. You may want to try searching on google for the rest. source: https://decrypt.co/94055/crypto-market-surge-bitcoin-tops-43k-ethereum-3k If this trend continues, then this might finally be the start of the bull season. Whether or not this will last though will depend on how the hodlers will handle selling their assets. Too many supply of crypto will just swamp the demand and bring the bull to a halt after all. What do you think? Is this the start of a bullish trend for this year? And what are you going to do about it? P.S. Be wary of any political comments you might post. Update: The bullish trend didn't even lasted for more than 3 days, as the market took another quick dive into the fear ratings soon after.

That's ok, I'll just bump the questions above once players start testing the alpha client. I hope it isn't too similar to Clash of Clans gameplay to the point of being derided as a total ripoff. Anyway, I've already informed some of my friends over at a social media platform about the upcoming game. My small way of increasing the hype for the game a bit.

From what I see at the website, the game client is still not available for downloading. So the questions below are for the ones who will do the upcoming alpha testing, assuming there is none yet. How's the characters, graphics and sound? How would you rate the gameplay? Was it too easy to the point of boredom, or too hard without the help of expensive items bought with Ruby tokens? Was it enjoyable? Sorry for being curious about players' feedback. But with crypto games, gameplay can have a significant impact on the number of people who will seriously play it, and in turn its tokens' price.

Hmmm... using the report button on one of his posts wasn't enough? Anyway, here's a couple more of his content. Offender: Mask jhone Profile Link: https://cryptotalk.org/profile/323345-mask-jhone/ Comment: His writings are so eye-straining it is so sickeningly obvious. Evidence: Offending posts: https://cryptotalk.org/topic/112092-how-much-rate-can-you-give-cryptotalk/?do=findComment&comment=16447743 https://cryptotalk.org/topic/24001-5-minutes-left-till-i-get-my-first-interest-on-yobit-investbox-thanks-to-cryptotalk/?do=findComment&comment=16447717 Original posts: https://cryptotalk.org/topic/112092-how-much-rate-can-you-give-cryptotalk/?do=findComment&comment=14247717 https://cryptotalk.org/topic/24001-5-minutes-left-till-i-get-my-first-interest-on-yobit-investbox-thanks-to-cryptotalk/?do=findComment&comment=12356095 P.S. 😂😂😂 LOL!

Just when I thought crypto prices isn't going to be even lower this month, s*** just happened. The last time BTC was kissing the ~$30,000 mark was back at early August last 2021, now BTC has once again dipped at the 30k line. There are at least a couple of reasons worth looking on. I'll post the links below. https://www.coindesk.com/markets/2022/01/21/bitcoin-dips-below-40000-during-broader-asia-market-sell-off/ https://ph.news.yahoo.com/bitcoin-crashes-to-five-month-low-as-russia-proposes-crypto-ban-110048440.html For once, I have to personally disagree with the current CFGI value. Judging by the linked articles' contents, shouldn't we have single-digit values here instead of the 19 value at the moment? LOL

After China's recent ban all crypto mining operations within its jurisdiction, virtually all miners have moved out of the country. During the aftermath, some operators have moved in to neighboring Kazakhstan - perhaps because it is closer to China, or maybe because it offers cheap electricity. For a while, this seemed like a good move... until problems began to surface. First, while electricity maybe cheap, it is not stable enough. There are reports of power outages in the country for varying reasons; the most likely is that the country is not fully prepared enough to handle the massive energy demands of crypto miners. To complicate matters, another reason has surfaced: the recent anti-government protests in the country (which we should not discuss further here). Crypto mining in Kazakhstan is no joke. For Bitcoin alone, the country has at one point provided around 18% of the global hashrate as reported here. So while some miners in Kazakhstan might contemplate on moving elsewhere, they may not be able to handle the logistics involved in moving their hardware out. And while they might be able to do so, they already got beaten by other miners who got first dibs on other more "safer" havens like the US. Or at least for the moment. Ultimately it will depend on the US states' willingness to accommodate the new crypto miners coming in, if it has its eyes set on unseating China as the undisputed biggest mining hub. Details on the US projected to become the next major mining center, and more, are in the link below. source: https://ph.news.yahoo.com/kazakhstan-bitcoin-miner-says-us-will-make-up-60-of-the-worlds-hash-rate-in-2-years-201249623.html

30 sats? No, I think that is too optimistic. The highest exchange rate the token has managed during the past six months was 9 sats, and since then, it never managed to get beyond 3 sats. Obviously there are too many dumpers that will prevent the token from getting higher than 2 sats. A few more months before the anniversary of payments closing in the English section and still no updates on the tokens' usability? LOL,

If it's the ALTS token, there is a withdrawal topic here. Trading exchange for the token should be around here. Other than that, you'll have to ask someone like Bigpat, epidemia or ayatoslaw (they have a presence there) for further information. I really shouldn't be the one you must ask about this because I am not active in that forum 😝 .

Welp, didn't even lasted ten days after I posted that 😂 . The yuletide crypto fear market came earlier than I expected. Now the question I have is: how long will this fear trend going to last? The concerns about the holiday season, crude oil prices, etc. is expected to be gone as far out as until next month, but the new virus seems to complicate matters.

At least the current spread of the virus isn't as bad as Delta was, assuming we can take this data below at face value. It's been almost a month and the global number of confirmed cases so far haven't even reached 10,000. source: https://en.wikipedia.org/wiki/Template:SARS-CoV-2_Omicron_variant_cases By the way things are going, there won't be any drastic lockdowns for the forseeable future IMO. Bitcoin's bullish trend has already been cooling down when its price dipped below $60k somewhere during November 18, well before the Omicron variant was announced. Probably has something to do with the upcoming holiday season, but yeah, Omicron made it worse, as I've said before. As to how BTC correlates with traditional markets at the present time, I think this link can give a better picture. source: https://www.cnbc.com/2021/12/14/asia-pacific-markets-investors-monitor-omicron-variant.html With how BTC prices has gone down, this can be another opportune time for investors to 'buy the dip'. I dunno if whether BTC can go down further below $45,000 or not though.

I see your point there. With how plans for the token haven't been made clear (no white paper) coupled with how forum activity is going nowadays, I really don't see any way the token will grow at the current rate we have now. But that doesn't mean the token is 100% shitcoin IMO. From just a few thousand tokens, I've managed to earn a few hundred dollars' worth of BTC so far. I'm just taking advantage of how Yobit is keeping the token from depreciating even lower than 1 sat, which is an indication of Yobit's intent of keeping the token alive still. Let's just wait and see if Cryptotalk can manage to utilize their token the way Altcoinstalks did with their own.

Here's a sample: recently I've tried Axie Infinity, and I'd say that it is definitely possible to earn while playing. The thing is, the SLP token is subject to price changes just like any other crypto coins out there. Players who have no idea how the cryptocurrency market works often find themselves in a world of hurt once they got on the losing side of the investment. This was especially true when the game's SLP prices skyrocketed and newbies bought overpriced pets only for the hype to die down and realized they got duped. Axie Infinity itself is quite a good game IMO. Some people just made poor investments and found themselves on the losing side. Gamers dabbling into cryptocurrency-based games really ought to learn at least some of the workings of cryptocurrencies, on top of whether the game itself is solid enough to withstand the scrutiny of game analysts. Just like regular company investments, a half-assed crypto game with mediocre gameplay may might as well turn into a scam investment if eventually nobody wants to play it.

Well, that will ultimately depend on whether the new variant will go rampant like Delta did. Like OMG, the seemingly lenient health protocol moves the Indian government did back then only made a superspreader event galore... anyway, at least efforts are made early enough to contain the spread of the Omicron variant. As long as there's no news of Omicron spreading (even better, its early eradication by isolation or whatever), I think the global market will hold sturdy. Omicron has been studied and determined to be even nastier than the previous variants so far after all, and the mere prospect of another lockdown might make crypto holders sell off even more of their assets in preparation.

With the detection of yet another COVID-19 variant (designated as "Omicron") of particular concern, global markets have sank down once again, as Alpha and Delta did before it. The internet has been chock full of news concerning its effects, and here I'll provide a couple of links to the latest of them. source: https://www.theguardian.com/business/2021/dec/01/oecd-warns-new-covid-variant-could-cause-severe-global-slowdown-omicron source: https://www.bloomberg.com/news/articles/2021-11-29/economists-wargame-how-omicron-will-impact-the-global-recovery Meanwhile, the cryptocurrency market has already dipped in a state of 'fear' since November 19. The announcement of the new variant on the 26th, where the WHO designated it as "a variant of concern" apparently made the situation worse, as the news of the virus variant may have influenced Bitcoin's tumbling down from its previous ~$60,000 a few weeks ago. If there is any winner of sorts here, its a coin of the variant's namesake: the Omicron token, an otherwise obscure crypto coin. source: https://www.reuters.com/markets/europe/omicron-cryptocurrency-rides-new-variant-rollercoaster-2021-11-29/ Questions of concern for this topic (at the moment) are the following: How severe will be the impact of the Omicron variant for the weeks and months to come, particularly for cryptocurrencies? What would be the next best move for crypto traders and investors to cope with the current market situation? You may post your comments below. Thank you.

Cryptocurrencies' prices going down was observed during December 2018 and 2019. (2020 was an exception, due to the recent Bitcoin halving.) We currently have a strong greed market which I expect to last for the whole November, but if the greed rating for this month is to be followed by another fear market on the next just like 2018 and 19, then December will become a jinx for beginner traders/investors who hates being on a rude wake-up call after buying crypto at the current rates. Chances of the crypto market maintaining a greed rating until the end of the year IMO is slim, but possible. The global economy is still at the recovery phase post-pandemic, which may opt people not to waste too much on dumping out their crypto investments for their Christmas shopping spree 😂 . (Special shout-out to the citizens living on a certain country where crypto mining (and, effectively, trading) was recently banned. Sorry, no Christmas dumps from you guys 🤣 .)

At the current rate of events, the highest rate we can expect is around 10 sats per 1 TALK at the moment, and that will happen IF nobody dumps. After looking just how many tokens were dumped in selling orders during the last pump, I expect a similar thing to happen in the next one. If in the next pump there will be fewer sellers, then we can expect at least a slow increase in token price. However, we can't just dictate the sellers to hodl the tokens first and wait for it to increase in price. Any slight price increase therefore is going to be swamped immediately after. Because we can expect more dumpers than pumps every time. So expect the current status quo to continue. Unless there is going to be a good update, as you've said.

Wow, just LOL'ed much after reading the article 😂 ! (Not including my opinion-ed political implications,) seeing that China opted for public opinion survey instead of an outright 180° policy turn would mean that as long as the ban is in force, the mainland population still has no legal way of affecting the crypto market (such as pumps & dumps) as of the moment. (Well, they can do so illegally of course, at their own risk.) This one deserves a special mention: Just LOL! The whole article just explicitly shows how a fickle government policy can be a massive pain in the a**. Here's to hoping the crypto miners are smart enough not to return there just so that they put themselves under that government's boot-heel again. ... ... ... About the whole article's relevance to this topic, there has been a negligent change at the time it was published, as the CFGI index has been going strong in the 70's range for this whole month of October. There are probably a lot of positive news going on right now, aside from the link on my previous post. Wonder how long the current bullish trend is going to last. I'll be waiting for the analysis this month. 🙂

Hmmm... crypto trading in general (and mining specifically) has been recently banned in China AFAIK. Mainlanders might have a very difficult time buying dips, but that might not be the case in places like Hong Kong though. One guaranteed thing is that the Chinese are not going to affect BTC as much as they used to do. CoinTelegraph posted an article this week about the BTC price condition for the coming days. https://cointelegraph.com/news/btc-price-on-the-way-to-90k-5-things-to-watch-in-bitcoin-this-wekk The CFGI analysis in the link got an honorable mention as the 5th thing to watch out for.

Oh wow, the CFGI index (and the crypto market as a reflection) has been bullish indeed from the start of October. Extreme greed values of 70-ish has been consistent since the 7th of this month, and BTC prices has been steadily climbing until breaking the $60,000 resistance once again a couple of days ago or so. So, what factors have been the cause for this sudden reversal from last month?