We've reached consensus with holders on holding off on the new base bridge launch until the ongoing R&D phase is completed. (new bridge is ready on standby)
Instead, we've deployed a claim page allowing TORUS Base holders to withdraw their snapshot balance as native Torus mainnet tokens from the mainnet bridge contract:
https://t.co/WxhdjEWneL
The claim function will stay up indefinitely, claiming is not time sensitive.
This is only relevant for base holders, not native mainnet holders.
Native TORUS OTC trading is possible on a community-ran Discord server.
We've provided the escrow with USDC to trade up from tiny size on our behalf to ensure OTC liquidity for both small and large holders.
See the Torus Discord announcement for more information.
For those interested in verifying the snapshot integrity, see this repo:
https://t.co/WssqzBY6TT
We've burned 1.62m TORUS + refunded USDC to buyers of attacker tokens to ensure nobody except us was directly impacted by the attack.
~ Renlabs
This is one of the most mature and honest posts Iโve seen on Bitcoin. BTC is a tool to improve your life and your familyโs, not a religion. Selling when the time is right doesnโt make you anti-Bitcoin. It just means youโre using it for its real purpose. Well said @Crypto_Chase
Congrats #Bitcoin HODLers.
A reminder that it's okay to realize a better life for yourself and your family if that time has come. And a reminder that $BTC serves a different purpose in each individuals journey.
A friend of mine sold at 20K per coin and bought a house for his wife and child. The peace of mind that they would always have a home was all he wanted. His BTC served it's purpose.
I sold my coins back in 2021 between 55K and 65K. Those sells made a huge difference in the lives of myself and my family. I don't regret those sells and the BTC served it's purpose.
Now here's an extreme example, but it's worth exploring. Let's pretend BTC reaches 1 million per coin 30 years from now and someone HODLs all the way. What's the point if during those 30 years the person and their family didn't reap the benefits? If they continued to lead stressful lives and didn't enjoy their gains while healthy and together as a family. In this scenario, the BTC did NOT serve it's purpose. Watching numbers go up on a screen doesn't change your life, selling does. And there comes a time where everyone must sell (unless you and your family already have everything you need).
I suppose my point is this.. people act like HODL is a religion and selling is the ultimate sin. Announce that you're selling spot on CT and you're essentially met with the death penalty. I urge you to sell when the time is right. Be thankful that Bitcoin gave you this opportunity and continue to support it regardless of when you sell. Selling does NOT mean a person is against BTC.
The price of Bitcoin may continue to go up, but the clock also does not. stop. ticking.
Bitcoin will likely be here long after we're dead, so don't be afraid to USE it. Let it serve it's purpose in your life.
@Anders7715 Yeah, that era really did humble a lot of us.
Risk management is night and day better for me now: position sizing, stops, and not over-leveraging feel automatic.
Still plenty to learn though. Every cycle shows me something new.
Definitely in a much better place than back then.
Exactly.
Those October 10 wicks left real scars on the market.
Bottoms are forming where they should.
Now we wait for structure to confirm.
No rush. Patience is the position.
#Crypto#Bitcoin#Trading#TechnicalAnalysis
Pretty incredible how many altcoin charts look like this currently.
Most of them have been in a downtrend since the 10/10 Massacre and most of them are finding bottoms at the very lows of those wicks.
Thinking back, most people here were expecting V-Shape reversal back up and that was far from what actually happened. Fast forward to current day, those wicks that liquidated almost $20 Billion from the crypto industry in what seemed like minutes. October 10th, was a day that completed flipped this industry and turned it into the modern day scam that most people are saying it is. The manipulation was uncanny and we never recovered.
I think overtime, back above levels where these mass liquidations started is going to be where sentiment starts to really flip back to the positive side. A LOT of work needs to be done for this to happen and it likely wont happen overnight, but the bottoms formulating at the lows of those wicks can't be ignored. Some of them are picture perfect bottom formations with already 20-30% bounces out of those lows. 7 to 8 months LATER, here we are. If you held that entire time, IMO no reason to give up now. I am optimistic that we do see altcoins bounce, and with those bounces most holders probably aren't even back to breakeven, when it comes to altcoins.
Truly insane what that day did to the crypto industry and some very bad actors were behind it and those actors will likely never even get a slap on the wrist for the damage that occurred.
We don't hate the people enough who caused this.