Originally Posted by eDave:
Shaid nailed the outlook for ADA. I'd only add that ETH 2.0 is about 2 years out still and that's a long time in crypto time. And the new bridge across will move a lot of business over. Just keep an eye on both, diversify into both if that's your thing, and get in tune with the community. Those winds will guide you.
Solano is worth looking at. I'd be a multi, multy millionaire if I'd had bought at a dollar, like a month ago.
Been watching Solano since you mentioned it. It just doesn't stop. [Reply]
Originally Posted by |Zach|:
Being new to the scene it is tough to cut through the signal to noise ratio in regards to news and trends sometimes. Really seems to be a flood of shitcoins. And it is funny because it is hard for me to describe it but I feel like I know it when I see it.
99% are shitcoins. They all have some gimmick about how they are useful. Even smart contracts and NFT's are a gimmick to some degree. Cryptocurrency didn't become huge due to some specific utility of any coin, although it helps, people like it for....other reasons. The store of value in a deflationary currency is one major goal. There is a reason why offshore gambling sites use cryptocurrency instead of setting up payment processors, it's cheaper for one among many other reasons. Lots of other industries also that don't want to be near a fiat currency. [Reply]
Originally Posted by BWillie:
99% are shitcoins. They all have some gimmick about how they are useful. Even smart contracts and NFT's are a gimmick to some degree. Cryptocurrency didn't become huge due to some specific utility of any coin, although it helps, people like it for....other reasons. The store of value in a deflationary currency is one major goal. There is a reason why offshore gambling sites use cryptocurrency instead of setting up payment processors, it's cheaper for one among many other reasons. Lots of other industries also that don't want to be near a fiat currency.
Well said. This is why I am only in bitcoin and ethereum. [Reply]
Originally Posted by eDave:
In August of 2019 I put $38K into Bitcoin. A couple of weeks later I upped it to $55K. And I was under water pretty bad for a year.
Today, that $55K is worth $501.7K. If I were to put all that into Kucoin @ .085%/day for margin lending, I'd have $12.5K passive gross income. Per month. With no risk.
Originally Posted by eDave:
In August of 2019 I put $38K into Bitcoin. A couple of weeks later I upped it to $55K. And I was under water pretty bad for a year.
Today, that $55K is worth $501.7K. If I were to put all that into Kucoin @ .085%/day for margin lending, I'd have $12.5K passive gross income. Per month. With no risk.
I'm convinced I'm living in a simulation where everything I do results in a bad outcome. Therefore prepare BTC to drop 30% soon guys, sorry in advance! [Reply]
Originally Posted by Iconic:
I'm convinced I'm living in a simulation where everything I do results in a bad outcome. Therefore prepare BTC to drop 30% soon guys, sorry in advance!
Na. BTC is chasing $50K support. ETH is chasing $4k support. ADA is chasing $3 support. Could see all three price discover to there over the weekend. I'd like to see Solano drop 30% though. I want in on that.
Check this out: Leaked: Twitter will allow its 300 Million active Users to Add Bitcoin and Ethereum Adresses to their Profiles
Good for Bitcoin. But imagine the scams that are forthcoming. [Reply]
Shit! Back up to 51k Btc which is what I sold 30% of my stash at I guess for nothing now. Paying taxes for no reason this year. I can't wait **bangs head** [Reply]
