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TeslaCoil said:
Okay. Well see theres the difference, I am not a gambler. Im not even a retail trader. I am an investor. Im not planning selling anything, ever unless I’m forced to. So I buy things that I believe have the best value proposition. Theres a reason why bitcoin, eth, sol and xrp account for most of the market cap. Its because of their respective use cases which for the most case are all different. Meme coins are nothing but collectibles. Now those are beanie babies
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I use a small percentage (~10k) of my portfolio to gamble . For instance, I put $2400 in OPEN and already had $1000 of unrealized gain in 2 days.
 
TeslaCoil said:
Okay. Well see theres the difference, I am not a gambler. Im not even a retail trader. I am an investor. Im not planning selling anything, ever unless I’m forced to. So I buy things that I believe have the best value proposition. Theres a reason why bitcoin, eth, sol and xrp account for most of the market cap. Its because of their respective use cases which for the most case are all different. Meme coins are nothing but collectibles. Now those are beanie babies
Click to expand...

I still don't understand the use case for any of these coins either. I doubt 99% of the rich politicians understand them. I just bought them to see the numbers to up, like most people.

Are people actually using BTC, ETH, SOL and XRP for something? It seems most people buy them and then they sit in a wallet.
 
mentos said:
I still don't understand the use case for any of these coins either. I doubt 99% of the rich politicians understand them. I just bought them to see the numbers to up, like most people.

Are people actually using BTC, ETH, SOL and XRP for something? It seems most people buy them and then they sit in a wallet.
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So BTC is the most free decentralized money ever made, in all its simplicity. XRP is a basically a new protocol for international bank transactions and tokenization of assets. Eth and sol are both utilized for smart contracts and decentralized applications.

Meme coins are literally just collectible tokens with no real use. When you buy one its like buying trading cards hoping they’ll appreciate.
 
Splenda88 said:
No. I had some meme coins (eg., jasmy) before and got out after I made a quick ~25% profit if I remember correctly.
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Lmao 25%. What’s the point of memecoins and take on all that risk if you gonna sell after a a measly 25% on a low liquidity trade. Atleast wait for the 2x
 
TeslaCoil said:
So BTC is the most free decentralized money ever made, in all its simplicity. XRP is a basically a new protocol for international bank transactions and tokenization of assets. Eth and sol are both utilized for smart contracts and decentralized applications.

Meme coins are literally just collectible tokens with no real use. When you buy one its like buying trading cards hoping they’ll appreciate.
Click to expand...

So is the average person doing any of those things with the coins or is it more for big dogs? Are people using their coins to buy a house or something? Why would anyone choose that stuff over traditional banking?
 
sevo00 said:
Lmao 25%. What’s the point of memecoins and take on all that risk if you gonna sell after a a measly 25% on a low liquidity trade. Atleast wait for the 2x
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I bought a grip of DOGE last year at 12¢ and held through 400%+ gains. Still holding up 100%. I’m greedy because I’m only up 5% vs BTC (DOGEBTC). Overall crypto is a casino there are some serious projects doing innovative and niche work, memecoins is the equivalent of penny stocks. Low liquidity (except for doge and a few others), high volatility jokes.
 
mentos said:
I still don't understand the use case for any of these coins either. I doubt 99% of the rich politicians understand them. I just bought them to see the numbers to up, like most people.
Click to expand...
Smartest response on here. Greatest Sucker Theory. Money is to be made for sure, as long as you unload before the crash.

Here's the good news, we are in an ai boom and as long as the idiot doesn't put us in a depression-causing trade war everything will go up. My money is on tech because it's what's causing the boom and is tangible.

Crypto will probably hitch a ride, but I prefer sure things. The run has years in it, but as sure as dot com collapsed so will this boom, and crypto will probably be the first to go.
 
We'llBeDoneIn15Minutes said:
Smartest response on here. Greatest Sucker Theory. Money is to be made for sure, as long as you unload before the crash.

Here's the good news, we are in an ai boom and as long as the idiot doesn't put us in a depression-causing trade war everything will go up. My money is on tech because it's what's causing the boom and is tangible.

Crypto will probably hitch a ride, but I prefer sure things. The run has years in it, but as sure as dot com collapsed so will this boom, and crypto will probably be the first to go.
Click to expand...
The question is when will it be a good time to unload these tech/AI stocks...
 
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mentos said:
I still don't understand the use case for any of these coins either. I doubt 99% of the rich politicians understand them. I just bought them to see the numbers to up, like most people.

Are people actually using BTC, ETH, SOL and XRP for something? It seems most people buy them and then they sit in a wallet.
Click to expand...


Stablecoin use case but they’re backed by USD.

www.thestreet.com

Walmart and Amazon make a surprising move no one saw coming

Amazon and Walmart are reportedly mulling the launch of their own stablecoins.
www.thestreet.com www.thestreet.com
 
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We'llBeDoneIn15Minutes said:
Smartest response on here. Greatest Sucker Theory. Money is to be made for sure, as long as you unload before the crash.

Here's the good news, we are in an ai boom and as long as the idiot doesn't put us in a depression-causing trade war everything will go up. My money is on tech because it's what's causing the boom and is tangible.

Crypto will probably hitch a ride, but I prefer sure things. The run has years in it, but as sure as dot com collapsed so will this boom, and crypto will probably be the first to go.
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Ok thats a pretty lofty claim. Do you understand their value propositions? If not, why not? Dont you want to be ahead of the curve? Understand the hype?
 
mentos said:
So is the average person doing any of those things with the coins or is it more for big dogs? Are people using their coins to buy a house or something? Why would anyone choose that stuff over traditional banking?
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For one bitcoin was designed for the people. Not the big dogs. Its unfortunate that the big dogs caught on before the people. But the few people who buy in early will be vastly rewarded.

XRP is not like bitcoin. Its centralized and its being used as the successor to the swift system for international transacting. This very month was the deadline for international banks to switch over to the ISO20022 protocol. XRP complies with that and banks all around the world have been adopting it. Just last week wells fargo just announced its adoption. Its price pumped from 2.00 to 3.50.
 
nimbus said:
Stablecoin use case but they’re backed by USD.

www.thestreet.com

Walmart and Amazon make a surprising move no one saw coming

Amazon and Walmart are reportedly mulling the launch of their own stablecoins.
www.thestreet.com www.thestreet.com
Click to expand...

It seems like anyone can make a stable coin? Countries, states, cities, and now fortune 500 companies are making their own stable coins. Will the average consumer have a wallet full of like 50 random coins to spend at various places? Sounds like they are gift cards LoL.

Anyway, ETH 3600 3800 is back on the menu boys! 🚀
 
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Direct Laryngoscopy said:
BTC dominance (BTC.D) falling off a cliff. Might finally be alt season
Click to expand...

If they can just create new coins, doesn’t that undermine the argument that crypto is a limited commodity?

If you take away scarcity leading to price appreciation, you might as well just have coins tied to the dollar or gold to provide the benefits of crypto other than price appreciation, right?
 
triggermaster said:
If they can just create new coins, doesn’t that undermine the argument that crypto is a limited commodity?

If you take away scarcity leading to price appreciation, you might as well just have coins tied to the dollar or gold to provide the benefits of crypto other than price appreciation, right?
Click to expand...
Are you talking about altcoins?
 
triggermaster said:
If they can just create new coins, doesn’t that undermine the argument that crypto is a limited commodity?

If you take away scarcity leading to price appreciation, you might as well just have coins tied to the dollar or gold to provide the benefits of crypto other than price appreciation, right?
Click to expand...

The absolute scarcity is something we’ve never had. All participants can know the stock and flow (emissions) in real time. You can run a node a not rely on any 3rd party. It’s Sovereignty over your asset. Many won’t understand this, and it’s ok. You can continue to come up with reasons why it will fail, it’s a scam, yada yada yada. It doesn’t matter. You’re happy not having any, I’m happy holding and self custodian it. Time will tell if I’m right.

This thread is 5 years old. I think I’ve been right thus far. You’ll disagree, but it doesn’t matter. My opinion doesn’t matter. We’re all happy [emoji2]
 
Direct Laryngoscopy said:
The absolute scarcity is something we’ve never had. All participants can know the stock and flow (emissions) in real time. You can run a node a not rely on any 3rd party. It’s Sovereignty over your asset. Many won’t understand this, and it’s ok. You can continue to come up with reasons why it will fail, it’s a scam, yada yada yada. It doesn’t matter. You’re happy not having any, I’m happy holding and self custodian it. Time will tell if I’m right.

This thread is 5 years old. I think I’ve been right thus far. You’ll disagree, but it doesn’t matter. My opinion doesn’t matter. We’re all happy [emoji2]
Click to expand...
Oh they may be “happy” now, but they wont be in 10 years when we’re on an island with pina coladas in hand and they’re still taking anesthesia call. 😂

You can take a horse to the water. That usc guy is dense as iron.
 
Direct Laryngoscopy said:
The absolute scarcity is something we’ve never had. All participants can know the stock and flow (emissions) in real time. You can run a node a not rely on any 3rd party. It’s Sovereignty over your asset. Many won’t understand this, and it’s ok. You can continue to come up with reasons why it will fail, it’s a scam, yada yada yada. It doesn’t matter. You’re happy not having any, I’m happy holding and self custodian it. Time will tell if I’m right.

This thread is 5 years old. I think I’ve been right thus far. You’ll disagree, but it doesn’t matter. My opinion doesn’t matter. We’re all happy [emoji2]
Click to expand...
You didn’t answer the question. You just gave a little speech.
There’s no limit to the number of crypto coins that can be created, but there’s a limit to how many can gain significant value. How many coins can be worth $100? $1000, $100,000?
If someone discovered 100,000 tons of gold somewhere, the value of gold would go down, but that’s unlikely because gold is hard to find. Creating a coin is easy. Getting the public to collectively decided it’s valuable is difficult.
When you get rich off bitcoin, you should create a new coin and spend your billion bitcoin dollars promoting your new coin so you’ll have 10 billion worth of DL coin. What’s to stop you?
 
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TeslaCoil said:
Oh they may be “happy” now, but they wont be in 10 years when we’re on an island with pina coladas in hand and they’re still taking anesthesia call. 😂

You can take a horse to the water. That usc guy is dense as iron.
Click to expand...

Btc makes up 0.25% of global assets at 120k. is it shocking that it could be at or near 1% in 5 years? There's your 400k base ish case.

For reference 4 years ago to the day it was .05% of global assets on july 22 2021 and 4 years before that on july 22 2017 it was .005%
 
triggermaster said:
You didn’t answer the question. You just gave a little speech.
There’s no limit to the number of crypto coins that can be created, but there’s a limit to how many can gain significant value. How many coins can be worth $100? $1000, $100,000?
If someone discovered 100,000 tons of gold somewhere, the value of gold would go down, but that’s unlikely because gold is hard to find. Creating a coin is easy. Getting the public to collectively decided it’s valuable is difficult.
When you get rich off bitcoin, you should create a new coin and spend your billion bitcoin dollars promoting your new coin so you’ll have 10 billion worth of DL coin. What’s to stop you?
Click to expand...

Lmao.

You can create a coin if you want. If you’re the only one who wants that coin, the value will approach 0. I don’t know what you’re asking. If your premise is that BTC will go to 0 because new ****coins are being minted daily, fine [emoji2375].

Seems like large amounts of capital is being directed to certain coins. Like a said earlier, don’t allocate your hard work and energy to BTC. You’ll be good. I will and I will be good also. Win win.
 
Do what makes you happy fam. I’m not trying to convince you to do anything but what makes you happy. My opinion means nothing. You’re not going to change my mind, nor will I change yours (and I don’t want to change your mind). We’re both winning.
 
Direct Laryngoscopy said:
Lmao.

You can create a coin if you want. If you’re the only one who wants that coin, the value will approach 0. I don’t know what you’re asking. If your premise is that BTC will go to 0 because new ****coins are being minted daily, fine [emoji2375].

Seems like large amounts of capital is being directed to certain coins. Like a said earlier, don’t allocate your hard work and energy to BTC. You’ll be good. I will and I will be good also. Win win.
Click to expand...

Yes. You guys in your field are killing it. Most can make 500-700 and locums are in the near 1m range. So everyone wins in the end. S and p 500 after a 20-25 year career investing hard your going to be near the 7-10m mark. If you get into btc you'll be at a multiple of that number a decade earlier.

Still end up great and amazing either way. But i'll take a sub 50 great. Nothing else matters. 1% of global allocation will happen and its never been more supported than ever and hey it could surprise to the upside.
 
Direct Laryngoscopy said:
Lmao.

You can create a coin if you want. If you’re the only one who wants that coin, the value will approach 0. I don’t know what you’re asking. If your premise is that BTC will go to 0 because new ****coins are being minted daily, fine
emoji2375.png
.

Seems like large amounts of capital is being directed to certain coins. Like a said earlier, don’t allocate your hard work and energy to BTC. You’ll be good. I will and I will be good also. Win win.
Click to expand...
I’m not rich enough to promote a coin, and I was just kidding about creating a coin.
I’m not suggesting Bitcoin will go to zero. I’m asking how many alt coins can gain significant value because there’s no barrier to entry other than public buy in. You people buy alt coins. How many need to be created before you won’t buy?
 
triggermaster said:
I’m not rich enough to promote a coin, and I was just kidding about creating a coin.
I’m not suggesting Bitcoin will go to zero. I’m asking how many alt coins can gain significant value because there’s no barrier to entry other than public buy in. You people buy alt coins. How many need to be created before you won’t buy?
Click to expand...

I mostly trade around alt coins for cash or more BTC. I don’t trade every coin. A million new coins can (and probably will be) minted. Doesn’t mean I’ll trade them. Liquidity is needed for me to enter and exit my positions.
 
triggermaster said:
I’m not rich enough to promote a coin, and I was just kidding about creating a coin.
I’m not suggesting Bitcoin will go to zero. I’m asking how many alt coins can gain significant value because there’s no barrier to entry other than public buy in. You people buy alt coins. How many need to be created before you won’t buy?
Click to expand...

Do you think every new altcoin created is on the same chain? It’s not. ETH is a different chain from BTC which is a different chain from SOL. New coins created operate on their own blockchain or on top of another blockchain (ETH for example L2). I don’t see how some new memecoin is related to BTC
 
Direct Laryngoscopy said:
Do you think every new altcoin created is on the same chain? It’s not. ETH is a different chain from BTC which is a different chain from SOL. New coins created operate on their own blockchain or on top of another blockchain (ETH for example L2). I don’t see how some new memecoin is related to BTC
Click to expand...
But that's basically his point that no one is really addressing. It's hard enough to accept Bitcoin, but you also have other crap coming out of the woodwork, Get on board with ____!!!! (fill in the black ETH, XRP, SOL etc)

For the sake of argument let's say the whole world accepts crypto. That doesn't mean you can keep watering it down with an infinite production of different cryptos. The value gets watered down, simple physics. So what's to prevent this ever expanding number of cryptos?
 
We'llBeDoneIn15Minutes said:
But that's basically his point that no one is really addressing. It's hard enough to accept Bitcoin, but you also have other crap coming out of the woodwork, Get on board with ____!!!! (fill in the black ETH, XRP, SOL etc)

For the sake of argument let's say the whole world accepts crypto. That doesn't mean you can keep watering it down with an infinite production of different cryptos. The value gets watered down, simple physics. So what's to prevent this ever expanding number of cryptos?
Click to expand...

Thats a fair question. I guess it can be applied to the equities market as well (Mag 7 vs penny stocks vs new IPOs and SPACs). IMO, this new emerging market will be filled with junk. BTC for me is where the most attention is because it’s evolving as an asset (2.7T market cap). Most capital flowing to crypto, goes to BTC. No guarantees, but that’s where capital is flowing (and some other coins). Spending a little time studying the value proposition might give him (and maybe you) a different perspective.

This market isn’t for everyone and if you can’t understand the technology or think it’s a scam or going to 0, avoid it. You’ll be more happy. [emoji4]
 
We'llBeDoneIn15Minutes said:
But that's basically his point that no one is really addressing. It's hard enough to accept Bitcoin, but you also have other crap coming out of the woodwork, Get on board with ____!!!! (fill in the black ETH, XRP, SOL etc)

For the sake of argument let's say the whole world accepts crypto. That doesn't mean you can keep watering it down with an infinite production of different cryptos. The value gets watered down, simple physics. So what's to prevent this ever expanding number of cryptos?
Click to expand...
See this perfectly and clearly demonstrates that you dont understand crypto. How can you have such a strong opinion without first understanding it thoroughly? The top 5-10 have strong use cases. Value propositions. They are being adopted for this reasons. And they will never go away. Man, you are a smart guy, I seriously seriously urge you to do a deep dive on crypto to try and understand it.

Bitcoin is kind of a stand-alone. Its just the most free and unadultered currency ever conceived. The others are created for specific purposes and their creators are companies, who actively solicit their use. Theoretically a competitor could come along. But take xrp for instance- once swift is switched over to XRP why would all the banks then want to switch to another platform unless there was a very strong use case? XRP could just be updated. So switching is unnecessary. Unless somebody else comes along that vastly improves upon what came before. I dont see that happening.
 
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Are we going to see 4k this weekend 😀
 
Well guys it's been fun. After 4 years of mostly bag holding, I finally sold all my ETH at 3,658 and SOL at 168 for a total of around $100k. Not the best price but I don't want to be greedy again and am happy to have made about 10k profit. My portfolio was about $28k at the low so I'm relieved. Would have made more with an index fund, ah well. I am building an addition to my house and will put these funds towards that.

I am done with self custody, it was stressful transferring my coins from a wallet to the exchange and waiting for all the confirmations. Now I have to wait for the funds to withdraw from the exchange to my bank and hope Binance doesn't freeze my account or anything. I will start to DCA a little each paycheck into FBTC going forward and hold forever.

I really hope BTC and all the alts pump for you guys! Stuff usually pumps after I sell LoL.
 
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mentos said:
Well guys it's been fun. After 4 years of mostly bag holding, I finally sold all my ETH at 3,658 and SOL at 168 for a total of around $100k. Not the best price but I don't want to be greedy again and am happy to have made about 10k profit. My portfolio was about $28k at the low so I'm relieved. Would have made more with an index fund, ah well. I am building an addition to my house and will put these funds towards that.

I am done with self custody, it was stressful transferring my coins from a wallet to the exchange and waiting for all the confirmations. Now I have to wait for the funds to withdraw from the exchange to my bank and hope Binance doesn't freeze my account or anything. I will start to DCA a little each paycheck into FBTC going forward and hold forever.

I really hope BTC and all the alts pump for you guys! Stuff usually pumps after I sell LoL.
Click to expand...
It’s good of you to say what you are doing in real time.
I agree with you about self-custody. When I sold my BTC and ETH a few years ago, trying to do my taxes was kind of a nightmare. Hopefully that’s not the case for everyone, but in my situation and my account movements, it was. FBTC is so much easier.
 
triggermaster said:
It’s good of you to say what you are doing in real time.
I agree with you about self-custody. When I sold my BTC and ETH a few years ago, trying to do my taxes was kind of a nightmare. Hopefully that’s not the case for everyone, but in my situation and my account movements, it was. FBTC is so much easier.
Click to expand...

I've been using Koinly for taxes which made it easier, but it was still a pain at times cause I had to fix quite a bit of transactions. I had thousands of transactions from staking, transferring etc. FBTC will be so easy and I won't have to pay for Koinly anymore.
 
mentos said:
Well guys it's been fun. After 4 years of mostly bag holding, I finally sold all my ETH at 3,658 and SOL at 168 for a total of around $100k. Not the best price but I don't want to be greedy again and am happy to have made about 10k profit. My portfolio was about $28k at the low so I'm relieved. Would have made more with an index fund, ah well. I am building an addition to my house and will put these funds towards that.

I am done with self custody, it was stressful transferring my coins from a wallet to the exchange and waiting for all the confirmations. Now I have to wait for the funds to withdraw from the exchange to my bank and hope Binance doesn't freeze my account or anything. I will start to DCA a little each paycheck into FBTC going forward and hold forever.

I really hope BTC and all the alts pump for you guys! Stuff usually pumps after I sell LoL.
Click to expand...

Nice bro, congrats.

I have a risk appetite and I can handle the swings (-30 - 125%) and I think this market still has some room to run. Presently up ~15% on my ****coin swing trades. We’ll see where it goes and I’m ok either way.
 
mentos said:
Well guys it's been fun. After 4 years of mostly bag holding, I finally sold all my ETH at 3,658 and SOL at 168 for a total of around $100k. Not the best price but I don't want to be greedy again and am happy to have made about 10k profit. My portfolio was about $28k at the low so I'm relieved. Would have made more with an index fund, ah well. I am building an addition to my house and will put these funds towards that.

I am done with self custody, it was stressful transferring my coins from a wallet to the exchange and waiting for all the confirmations. Now I have to wait for the funds to withdraw from the exchange to my bank and hope Binance doesn't freeze my account or anything. I will start to DCA a little each paycheck into FBTC going forward and hold forever.

I really hope BTC and all the alts pump for you guys! Stuff usually pumps after I sell LoL.
Click to expand...
Congrats bud 👍. It’s been a long stressful journey for you - now relax & enjoy those profits!!
 
Direct Laryngoscopy said:
Nice bro, congrats.

I have a risk appetite and I can handle the swings (-30 - 125%) and I think this market still has some room to run. Presently up ~15% on my ****coin swing trades. We’ll see where it goes and I’m ok either way.
Click to expand...

People dont realize the prices being where they are with current rates untouched is pretty darn impressive.

Rate cuts =

Take Off Fire GIF by European Space Agency - ESA
 
I'm not saying where crypto is going so relax before jumping me. What I am saying backed by continuous data is at least for now Crypto has not replaced Gold as the place to be when the world ends. What I mean is Crypto is still tied to the market. Market Boom = Crypto Boom. Market Crash = Crypto Crash.

I am saying that is how it's been up till now. People still run to gold when they get nervous and soil themselves in the market. Again, that's the history through today, I'm not predicting the future. But for me and what I'm looking for I'm still more comfortable putting the prepper side of me into gold and not crypto.
 
We'llBeDoneIn15Minutes said:
I'm not saying where crypto is going so relax before jumping me. What I am saying backed by continuous data is at least for now Crypto has not replaced Gold as the place to be when the world ends. What I mean is Crypto is still tied to the market. Market Boom = Crypto Boom. Market Crash = Crypto Crash.

I am saying that is how it's been up till now. People still run to gold when they get nervous and soil themselves in the market. Again, that's the history through today, I'm not predicting the future. But for me and what I'm looking for I'm still more comfortable putting the prepper side of me into gold and not crypto.
Click to expand...
So which do you think is more likely?

1.) world ends/market crashes

2.) US government continues to print money & inflate asset prices, and attempts to prevent/soften any potential crash

I’m going with # 2, which is great for Bitcoin.
 
Z-Qualizer said:
So which do you think is more likely?

1.) world ends/market crashes

2.) US government continues to print money & inflate asset prices, and attempts to prevent/soften any potential crash

I’m going with # 2, which is great for Bitcoin.
Click to expand...
That is exactly my base case with the ai boom, but don't fall asleep, that boom, particularly if it's as dramatic as the Internet boom, will have a crash just as epic as the Internet crash. And for me I would definitely at that point at the very latest want nothing to do with crypto.

As far as number 2, the government can't prevent or soften an epic crash. In fact they are making it more likely by continuously trying to avoid the recession side of the business cycle. We have dug one heck of a deep hole.
 
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