POD, I appreciate your posts in the forum, so I feel like I should warn you that
the HEX guy is a known scammer. (He was scamming even before crypto - notably as one of the first individuals to get successfully sued for spamming. What was he spamming? Scams, of course.) He even
looks like a scammer. No, really. Watch the video.
Y'all potentially have the fire hose that is an anesthesiologist's savings rate. You don't need $1k to 200x; all you need is $20k to 10x to get to the same results. You can do that with just ethereum or bitcoin; no need to venture into sketchier waters.
I recommend sticking to ethereum and bitcoin. Maybe chainlink. Even this I'm kind of iffy about just because of how many tokens the creators hold in reserve. It was like 1/3 of supply. Maybe polkadot. They are just terrible at marketing though - the anti-Hoskinson, if you will.
Consider buying GBTC or ETHE in your tax protected accounts when things cool down a bit in September.
Buy crypto. Not too much. Mostly ethereum/bitcoin.
I'm not sure whether to be bemused, insulted, or just LMFAO that you think I don't know who Richard Heart is, and what his background is. I rather enjoy his attitude, his approach, and his live streams. His ostentation rubbed on me a little at first, but it has grown on me as I have come to understand why he does it. In this space, having a visible, readily identifiable, and interactive figurehead is one of the best ways to ensure good coin performance. (Hoskinson, Heart, S
am Bankman-Fried)
If HEX is a scam, it's the worst scam at being a scam ever. Please scam me again like this. The contract has made good on every one of its promises, and has performed exactly as designed, when measured against its native token HEX. When measured against the US dollar, it has performed better than expected. I fail to see how a project with an open contract is a scam, while NFT's, and chains with admin keys are not.
If someone bought on the day that CoinIntelligence did that ridiculous interrogation, he would be up 7,134% today. CI clearly wasn't interested in learning anything about a novel crypto, or hearing why Heart had to set it up the way he did to stay legal in the US, he came in with a pre-determined conclusion, and blustered his way through as though it was a court room and he was a prosecuting attorney. When considering the concerns he brought up... Heart didn't exit scam. The OA hasn't rugged, not that it really could, and the whales and the OA have behaved in the best interest of the token. Nobody in the ecosystem gives a **** that the OA is set up to capture wealth, anymore than Apple shareholders are seriously bothered by Tim Cook's compensation.
Will HEX survive the 15 years that people are staking? Maybe not. But that has to be put into context. How many of today's cryptocurrencies will survive the 2 to 3 bear markets that will hit over the next 15 years? ETH and BTC likely will, but not surviving doesn't make you a scam, or they are all scams. Yes, for the value of HEX to go up in USD requires people to continue buying. You know what else requires continued buying to go up? Every other cryptocurrency and equity and property. That is how assets appreciate in value.
Richard should have pointed out that the use case for HEX is the monetization of time. That is its unique feature. A year ago, people, like Coinintelligence, were ****ting all over the proof of stake model of HEX, calling it a scam. My how the turns have tabled. How many of the new blockchains are now starting as, or moving toward POS.
If I have a big chunk of money to put in the market, why would I not put 1% of it into a project like HEX. Oh, I did, and it grew to be the biggest position in my portfolio, and gave me enough profit to be a one of the bigger OGs in Pulse. I've taken out the original principle, and then some. I'll be happy to let the rest of it ride for a while. I can let the initial 1% go up thousands of percent while the 99% is in safe plays, where 10x is the floor. Just like you should always have a small percentage of your total portfolio in crypto, once in crypto, it is not a bad idea to dedicate a small part of your portfolio to a few plays that show potential for outsized returns.
I could go with the GBTC plays, but why? Outside of the premium, why would I want GBTC when I can have real BTC? The only reasons to hold GBTC are for the premium, and in accounts where you can't hold actual BTC.