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re: Official CryptoTalk Thread

Posted on 8/5/21 at 2:20 pm to
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 8/5/21 at 2:20 pm to
guess thats why I'm bullish on Solana. they seem be highly backed by VCs

will be interesting to see how this plays out
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 8/5/21 at 2:20 pm to
I’m debating DCA’ing into Cardano because it feels like of the big boys it hasn’t gotten enough pumpage recently and it’s due
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 8/5/21 at 2:22 pm to
Lot of people I watch on YouTube absolutely love Solana. Might be late to the party myself but I’m gonna give that project a look
Posted by alpinetiger
Salt Lake City
Member since Apr 2017
5864 posts
Posted on 8/5/21 at 2:35 pm to
quote:

I’m debating DCA’ing into Cardano because it feels like of the big boys it hasn’t gotten enough pumpage recently and it’s due
You guys are all degenerate gamblers, but I love everyone here for it. Its fun to read about projects/stuff I don't know anything about. In the end no one really knows anything IMO. Black swans exist. The only trades I conduct are trading the BTC/ETH ratio and even that's very conservative on % of stack. I am a true believer in the first mover advantage. Best of luck to all.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 8/5/21 at 2:43 pm to
extremely early still, if were using marketcap as a measure

eth: $320 B marketcap
sol: $10 B marketcap

not suggesting sol will flip eth someday but it's reasonable to assume that it will continue to grow as more than one chain will dominate the space imo

Posted by Ross
Member since Oct 2007
47824 posts
Posted on 8/5/21 at 2:44 pm to
I'll gamble on the crypto projects I believe in before I gamble on the future of the US dollar, companies whose future cash flows are tied to the USD, or US sovereign debt

yeah it's making a bet, but it's the best bet I can make with the data I have and how I interpret that data
Posted by 21JumpStreet
Member since Jul 2012
14675 posts
Posted on 8/5/21 at 2:44 pm to
About 70/30 BTC/Alts here. Alts spread out somewhat evenly across the big dogs for a little exposure to each. (ETH/BNB/ADA/DOT/SOL). Let's ride


Been going back and forth on 100% BTC though
This post was edited on 8/5/21 at 3:07 pm
Posted by alpinetiger
Salt Lake City
Member since Apr 2017
5864 posts
Posted on 8/5/21 at 2:52 pm to
quote:

I'll gamble on the crypto projects I believe in before I gamble on the future of the US dollar, companies whose future cash flows are tied to the USD, or US sovereign debt

yeah it's making a bet, but it's the best bet I can make with the data I have and how I interpret that data

No offense intended and agree on any 4x especially the USD. I sometimes miss the days of arbitraging between exchanges, back when you had to use duct tape and aluminum foil.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 8/5/21 at 2:53 pm to
no offense taken, I'm willing to accept the degenerate part
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 8/5/21 at 3:12 pm to
a lot money piled into btc today when most expected alts/eth to go on a run
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43317 posts
Posted on 8/5/21 at 3:27 pm to
I agree with that assessment. I might need to ape into Solana some just to hedge my bets.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43317 posts
Posted on 8/5/21 at 3:29 pm to
quote:

You guys are all degenerate gamblers


I take out loans to participate in defi yield farms... I fully qualify as a degenerate
Posted by alpinetiger
Salt Lake City
Member since Apr 2017
5864 posts
Posted on 8/5/21 at 3:37 pm to
quote:

a lot money piled into btc today when most expected alts/eth to go on a run
I pay attemtion to willywoo if not familiar, or are interested. Willy Woo

He's been doing on-chain/first-layer tecnical analysis since I can remember. Has pioneered 3-4 ratios that are unique to Bitcoin. He's maintained his long stance even through March 2020, to date. I pay for his newsletter and reports. If I didn't subscribe I'd still be a HODLER but this gives me cognative bias. Good stuff though.
Posted by alpinetiger
Salt Lake City
Member since Apr 2017
5864 posts
Posted on 8/5/21 at 3:38 pm to
quote:

I take out loans to participate in defi yield farms... I fully qualify as a degenerate

Upvoted
Posted by Scooba
Member since Jun 2013
19999 posts
Posted on 8/5/21 at 3:59 pm to
quote:

I’m debating DCA’ing into Cardano


News is that Cardano will be available the exchanges in Japan (comparable to coinbase) at the end of this month.

Couple that with the same estimated timeline for smart contracts and ADA could see a nice bump soon.

... Hopefully.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43317 posts
Posted on 8/5/21 at 4:00 pm to
To be fair, it's over collateralized loans against my blue chip crypto in Aave. I'm not mortgaging my house or taking 10% signature loans.


But it's still degen behavior
Posted by SUG
Member since Nov 2015
531 posts
Posted on 8/5/21 at 4:03 pm to
I start out with intentions on a responsible buy in...

before i know it im down some rabbit hole on yearn finance and sushiswap and then depositing my LP in pickle finance pickle jar
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 8/5/21 at 4:07 pm to
quote:

I'm not mortgaging my house


Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43317 posts
Posted on 8/5/21 at 4:21 pm to
quote:

start out with intentions on a responsible buy in...

before i know it im down some rabbit hole on yearn finance and sushiswap and then depositing my LP in pickle finance pickle jar



Yes exactly this
Posted by TigerDeBaiter
Member since Dec 2010
10277 posts
Posted on 8/5/21 at 4:24 pm to
quote:

extremely early still, if were using marketcap as a measure

eth: $320 B marketcap
sol: $10 B marketcap

not suggesting sol will flip eth someday but it's reasonable to assume that it will continue to grow as more than one chain will dominate the space imo


Agree with that and IMO best way to look at it. Someone said ADA hadn’t gotten much attention, but it’s up about the same % as Bitcoin since July lows.

Since we sharing portfolio allocation, mine is approx this right now:

27% ETH

23% LINK

21% BTC

9.5% ADA

8.5% SOL

4.5% MATIC

2% DOT

2% XTZ

1% XLM

.5% OMG

.5% OXT

.25% GRT

.25% COMP

Got a little heavy ETH and LINK lately because I bought more dips on that than BTC. Goal to to add more BTC, SOL, ADA.
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