Be ahead of the curve

[TeslaCoil]

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The way I see it. If buy by 6k bitcoin and it double in 1 yr, I only make a 6k profit.

If I buy a meme coin for $0.0002 and it goes to the moon🚀 to 0.002, I multiply my money by 10.

Again, 6k of my portfolio is nothing. I am a gambler.

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

 

[Splenda88]

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

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.

 

[mentos]

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

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.

 

[TeslaCoil]

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.

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.

 

[sevo00]

No. I had some meme coins (eg., jasmy) before and got out after I made a quick ~25% profit if I remember correctly.

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

 

[mentos]

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.

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?

 

[Splenda88]

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

I guess I am not too greedy.

 

[Direct Laryngoscopy]

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

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.

 

[We'llBeDoneIn15Minutes]

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.

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.

 

[Splenda88]

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.

The question is when will it be a good time to unload these tech/AI stocks...

 

[nimbus]

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.

Stablecoin use case but they’re backed by USD.

https://www.thestreet.com/crypto/markets/walmart-and-amazon-have-a-shocking-new-plan

 

[TeslaCoil]

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.

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?

 

[TeslaCoil]

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?

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.

 

[mentos]

Stablecoin use case but they’re backed by USD.

https://www.thestreet.com/crypto/markets/walmart-and-amazon-have-a-shocking-new-plan

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! 🚀

 

[mentos]

SOL is waking up ⏰

 

[Direct Laryngoscopy]

BTC dominance (BTC.D) falling off a cliff. Might finally be alt season

 

[TeslaCoil]

BTC dominance (BTC.D) falling off a cliff. Might finally be alt season

Thats exactly what it is. And im glad. Wish bitcoin would slow the f down so I can buy more. 😂

Glad to see my xrp pumping.

 

[triggermaster]

BTC dominance (BTC.D) falling off a cliff. Might finally be alt season

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?

 

[TeslaCoil]

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?

Are you talking about altcoins?

 

[mentos]

SOL back over 200 🚀

 

[Direct Laryngoscopy]

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?

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

 

[TeslaCoil]

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

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.

 

[TeslaCoil]

 

[triggermaster]

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

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?

 

[finalpsychyear]

You didn’t answer the question. You just gave a little speech.

Do you have any curent allocation to btc or plan to in the future?

 

[triggermaster]

Do you have any curent allocation to btc or plan to in the future?

3%.

 

[finalpsychyear]

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.

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%

 

[Direct Laryngoscopy]

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?

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 .

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.

 

[Direct Laryngoscopy]

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.

 

[finalpsychyear]

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 .

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.

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.

 

[triggermaster]

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

.

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.

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?

 

[Direct Laryngoscopy]

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?

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.

 

[Direct Laryngoscopy]

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?

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

 

[LivetoTell]

Bought Galaxy Digital (GLXY).

 

[finalpsychyear]

3%.

Wow. That says it all for where we r going.

 

[We'llBeDoneIn15Minutes]

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

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]

That usc guy is dense as iron.

Well that there is no debate on. I haven't seen a post of his in probably over 2 years.

 

[Direct Laryngoscopy]

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?

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.

 

[TeslaCoil]

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?

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.

 

[mentos]

Are we going to see 4k this weekend 😀

 

[mentos]

Are we going to see 4k this weekend 😀

This was a sell signal.

 

[TeslaCoil]

My man Max breaks one of XRP’s biggest use cases down right here:

 

[mentos]

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.

 

[triggermaster]

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.

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.