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re: Official CryptoTalk Thread

Posted on 3/1/21 at 10:40 am to
Posted by Douglas Quaid
Mars
Member since Mar 2010
4120 posts
Posted on 3/1/21 at 10:40 am to
quote:

why would LINK have a monopoly over the space?


Exactly.
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 3/1/21 at 10:42 am to
Why wouldn’t Link have a monopoly over the space?
Posted by AndyJ
Member since Jul 2008
3482 posts
Posted on 3/1/21 at 10:45 am to
Can you explain? I have like $2000 worth because I bought some like 2.5 years ago. I sold half at $1.20 which looks like a mistake, except I think you might be calling it a shitcoin, so I should dump it. To be clear, I bought a bunch of random stuff 2.5 years ago on the advice of a friend, so I don’t know anything about this stuff, considering the amount it is worth.
Posted by Douglas Quaid
Mars
Member since Mar 2010
4120 posts
Posted on 3/1/21 at 10:48 am to
If I owned a lot of it at this valuation I'd certainly want to find out.
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 3/1/21 at 10:49 am to
I just don’t have faith in Cardano. I don’t see it becoming adopted in anyway and their developer is a sleeze ball. Not financial advise because it is making people money but I feel like the rippletards jumped ship and when xlm didn’t work out they latched onto to ADA and it’s cheap price not taking into account its marketcap.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/1/21 at 10:50 am to
quote:

Can you explain? I have like $2000 worth because I bought some like 2.5 years ago. I sold half at $1.20 which looks like a mistake, except I think you might be calling it a shitcoin, so I should dump it. To be clear, I bought a bunch of random stuff 2.5 years ago on the advice of a friend, so I don’t know anything about this stuff, considering the amount it is worth


basically up until this point ADA has not had any native tokens or smart contracts - "vaporware"

this hard fork is going to be the start of those attributes for the blockchain so people are betting on its potential moving forward
This post was edited on 3/1/21 at 10:51 am
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/1/21 at 10:54 am to


who is buying?

coinbase premium is super high right now
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 3/1/21 at 11:06 am to
I've been bitten by the hard fork a few times, no more

Buy the rumor, sell the news type deal. When it forks, itll shite the bed.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 3/1/21 at 11:13 am to
What do you mean CB premium?
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/1/21 at 11:19 am to
if the spot price of bitcoin on coinbase is trading $200-500 above other exchanges price (binance, etc) the theory is that institutions are accumulating
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 3/1/21 at 11:19 am to
I don’t see that on the trading view charts?
Posted by ChuckO1975
Member since Feb 2021
1292 posts
Posted on 3/1/21 at 11:21 am to
Ki Young Ju on Twitter is the main guy talking about that metric. He has his own quant theories on his website that are interesting. Costs money though.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/1/21 at 11:21 am to
Posted by ChuckO1975
Member since Feb 2021
1292 posts
Posted on 3/1/21 at 11:22 am to
quote:

who is buying?

coinbase premium is super high right now



Started buying this morning. Seems like the bulls might be right and we will see another leg up. I'm still playing it conservatively though.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/1/21 at 11:24 am to
do you hold a long for any coin or do you just trade?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 3/1/21 at 11:27 am to
(no message)
This post was edited on 3/1/21 at 11:28 am
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 3/1/21 at 11:34 am to
Your gonna have to, at some point, do your research into projects if you want to succeed. People are heavily biased on projects. Especially when it goes for/against ETH.
Posted by Douglas Quaid
Mars
Member since Mar 2010
4120 posts
Posted on 3/1/21 at 11:56 am to
I've said it a few times before.

Unless you are extremely proficient in fields like computer science, networking and security, economics, etc. you are merely buying into a marketing scheme. And I don't mean just one of those fields...you have to have knowledge of all of them to pick the wheat from the chaff in crypto. And even still after that you could be wrong because the best tech does not always win in the end.



Posted by Ross
Member since Oct 2007
47827 posts
Posted on 3/1/21 at 11:58 am to
quote:

hes a little unhinged


or just insanely ahead of the curve
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/1/21 at 11:59 am to
quote:

Unless you are extremely proficient in fields like computer science, networking and security, economics, etc. you are merely buying into a marketing scheme. And I don't mean just one of those fields...you have to have knowledge of all of them to pick the wheat from the chaff in crypto. And even still after that you could be wrong because the best tech does not always win in the end.


yeah, until proven otherwise the best tech is irrelevant with crypto

this space is mostly sociological/psychological
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