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Started By
Message
re: People buying these Crypto Currencies
Posted on 11/11/21 at 8:24 am to FLObserver
Posted on 11/11/21 at 8:24 am to FLObserver
You are being aggressive, but your point is valid. BTC and ETH are the kings. I think their market dominance is like 63%.
1
Posted on 11/11/21 at 8:28 am to FLObserver
quote:
Thanks for this helpful advice
Did you not see my opening statement to start the thread? i'm willing to learn but to randomly throw money at something that people say is gonna takeoff and then give 300 different choices is a bit overwhelming dont you think? Was just looking for some guidance?
look at the ones i gave you above and start there. those are more blue chips as those are the acutal blockchains themselves, main ones at least.
most of what you see is a token built on those platforms, with most being ERC-20 coins which is the etherum network.
but research the ones i put above. only 1 is not a chain, link. which is an oracle that most of the chains use.
Posted on 11/11/21 at 8:31 am to FLObserver
quote:
Was just looking for some guidance?
listen to some michael saylor youtube videos about bitcoin; having a monetary system not controlled by oligarchs is beyond important to freedom-seeking people.
lsu777 gave you a solid list if you wanted to take a deeper dive into the space; those are some of the most fundamentally sound altcoins
memecoins are just a different thing altogether (cumrocket, gamecoin, elonmars, etc)
Posted on 11/11/21 at 8:58 am to FLObserver
quote:Most coins out there today are trash. You will see those coins have larger gains but you usually have to stay close to them and exit before a crash happens. If you want a set it and forget it approach with the lowest downside risk, I'd say that's bitcoin.
so my take from the responses is bitcoin is the only real answer and hecoin , shecoin,mycoin,yourcoin is not really a buy
Posted on 11/11/21 at 12:23 pm to BottomlandBrew
quote:
Is it? Maybe, but if it's gambling, so is investing in money in anything. The vast majority of my portfolio is in what I believe to be world-changing technologies. I have a few things that are straight up gambles and I'm prepared to lose that money, but most of my positions are long term.
So you think DogeCoin is world-changing?
Posted on 11/11/21 at 12:26 pm to boogiewoogie1978
quote:
So you think DogeCoin is world-changing?
no who the hell said that
Posted on 11/11/21 at 12:51 pm to lsu777
Shibu is though. Going to be worth $100,000 coin within months ...
Posted on 11/11/21 at 1:01 pm to oklahogjr
quote:
Why would we use Bitcoin for this vs Ethereum?
Bitcoin is legit decentralized, Eth is much easier to manipulate to Vitalik's wishes.
Posted on 11/11/21 at 1:14 pm to AUCE05
quote:
You are being aggressive, but your point is valid. BTC and ETH are the kings. I think their market dominance is like 63%.
If Ethereum doesn't solve the scalability issues, it's going to bleed market share to alternatives like Polygon, Solana, and (if it ever actually works) Cardano.
Bitcoin is safe as can be, Ethereum has risks.
Posted on 11/11/21 at 1:25 pm to BottomlandBrew
quote:
Maybe, but if it's gambling, so is investing in money in anything.
Investing is gambling. You are just placing your money on the horse you think will win.
And let's be honest, if you invest in a bunch of different things, you are really just paying yourself inflation money.
Posted on 11/11/21 at 1:29 pm to Ross
Everything outside of BTC is going to actually start doing something if they want to hold value and capture market share. Right now, they are traded on speculation and FUD. OP is dropping truth bombs, and most crypto people won't hear it.
Posted on 11/11/21 at 1:29 pm to rocket31
quote:
michael saylor
I'm no where near a bitcoin maxi, but damn, Saylor makes me want to run through a wall after talking about bitcoin. His enthusiasm for it is very infectious.
Posted on 11/11/21 at 1:34 pm to boogiewoogie1978
quote:
So you think DogeCoin is world-changing?
No, and I didn't say that.
Posted on 11/11/21 at 2:51 pm to zatetic
quote:Gambling is trying to get rich quick in speculative places. That is cryptocurrency by definition. It's not an asset. It's a currency. How is a currency valued? By it's acceptability and liquidity. Therefore, a BTC valued at over $65k US dollars is absolutely absurd. To think that isn't gambling is ignorant.
Investing is gambling. You are just placing your money on the horse you think will win.
And let's be honest, if you invest in a bunch of different things, you are really just paying yourself inflation money.
Investing in regulated securities (assets) with actual value and a long track record is not gambling. The odds of a diversified portfolio of global equities significantly beating inflation over the long-term is all but guaranteed.
Cryptocurrency, on the other hand, is misunderstood, not regulated, has a much shorter track record, and has very little inherent value - CERTAINLY relative to the current price. It's gambling.
Posted on 11/11/21 at 3:11 pm to Douglas Quaid
quote:
But within that 1% are world changing protocols.
Chainlink is in that 1% and you can still get it under a 20B Market Cap rite now.
LINK
This post was edited on 11/11/21 at 3:13 pm
Posted on 11/11/21 at 3:58 pm to Niner
that's a broad brush to start
Posted on 11/11/21 at 4:55 pm to FLObserver
I’ve been in and out since 2011 (no, I didn’t hold BTC and become an overnight millionaire). I’ve come out ahead probably because I didn’t chase outsized returns. If I made 20-30%, I accepted my win and cashed out. Rinse and repeat.
You’ve got 4-5 “blue chips” (BTC, ETH, Link, maybe LTC, maybe XMR, maybe XRP) and a whole lot of NEET gamble plays.
Aside from a conservative dollar cost averaging into the big names (in addition to more traditional investing routes which you SHOULD also be doing), consider a meme shitcoin like Shiba. $100 gets you a little over a million of those. Play money, forget about it. In 10 years you may wake up and find that each is worth a dollar - suddenly you’re a millionaire. Worst case? You lost $100 you were gonna blow at the bar anyway.
If you’re a pussy: do your 401k, IRA, precious metals thing with 90% of whatever you invest. Break that other 10% down into 90% for the safe coins, and use the remaining 10% to go ham on the flavor of the week shite coins being memed on 4chan.
You’ve got 4-5 “blue chips” (BTC, ETH, Link, maybe LTC, maybe XMR, maybe XRP) and a whole lot of NEET gamble plays.
Aside from a conservative dollar cost averaging into the big names (in addition to more traditional investing routes which you SHOULD also be doing), consider a meme shitcoin like Shiba. $100 gets you a little over a million of those. Play money, forget about it. In 10 years you may wake up and find that each is worth a dollar - suddenly you’re a millionaire. Worst case? You lost $100 you were gonna blow at the bar anyway.
If you’re a pussy: do your 401k, IRA, precious metals thing with 90% of whatever you invest. Break that other 10% down into 90% for the safe coins, and use the remaining 10% to go ham on the flavor of the week shite coins being memed on 4chan.
This post was edited on 11/11/21 at 4:55 pm
Posted on 11/11/21 at 5:07 pm to FLObserver
Get yourself a Coin Base account. Buy some Bitcoin and Ethereum.
Earlier today I used a website called pancake swap to buy some Let’s Go Brandon coin because I thought I could make a few bucks after looking at the price on the poocoin chart. This is not the same. Do not fricking do this.
Earlier today I used a website called pancake swap to buy some Let’s Go Brandon coin because I thought I could make a few bucks after looking at the price on the poocoin chart. This is not the same. Do not fricking do this.
Posted on 11/12/21 at 12:20 pm to FLObserver
can get 20-25% APY on my dollar pegged assets vs 1% in a banks and not get 1099'd. Not all digital assets are scams. more counter party risk currently but this can be mitigated by spreading deposits out some or going down to 9%
non crypto people don't believe it and crypto people won't accept 20% gains. Defi is here to stay, may as well learn some about it.
non crypto people don't believe it and crypto people won't accept 20% gains. Defi is here to stay, may as well learn some about it.
Posted on 11/12/21 at 12:43 pm to down time
I get reassured that we are super early every time I see people thinking every token is a currency. We are going to be rich in 10 years.
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