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Bitcoin explosion and ALT coins thread

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Rdude92 said:
Look, Doge n bitcoin have been around for years. And in those same number of years hundreds/thousands of cryptos have entered the space, get some hype, turned zero, and are now obsolete.
It's all based on which crypto the masses go for in the end(doge has basically nothing special going on for it when compared to other coins, just a cute doggo). So be careful and look for utility
Click to expand...

Thanks for the info.
 
Rdude92 said:
Look, Doge n bitcoin have been around for years. And in those same number of years hundreds/thousands of cryptos have entered the space, get some hype, turned zero, and are now obsolete.
It's all based on which crypto the masses go for in the end(doge has basically nothing special going on for it when compared to other coins, just a cute doggo). So be careful and look for utility
Click to expand...

One last thing, so there's been some cryptos that went from being extremely cheap.... say $0.05 to $0.0005.... to being worth absolutely $0.0000?
 
GearSolidMetal said:
One last thing, so there's been some cryptos that went from being extremely cheap.... say $0.05 to $0.0005.... to being worth absolutely $0.0000?
Click to expand...
Researching back. I'm exaggerating. I based my statement on coins that were once glorified in the top 50, now they cant even bypass top 500. Their price is still thereabouts present. Not 5x, 10x like doge/btc
 
GearSolidMetal said:
Here's an interesting question.

BitCoin used to be under a dollar way back when it was introduced way back in 2008.

Five years ago each DogeCoin was $0.0002, and its value has multiplied 250 times.

So which cryptos is EXTREMELY cheap right now that could be buy tens or thousands of for relatively cheap amount ($1000) that could skyrocket in the same way Bitcoin and DogeCoin has?

Edit - Would like to add, not looking for cheap cryptos that are expected to rise within a few weeks, but the ones that may spike in a few years. Personally, I'm thinking long-term.
Click to expand...
Ankr is cheap and doing well. I think it's at like 1 cent right now
 
GearSolidMetal said:
Here's an interesting question.

BitCoin used to be under a dollar way back when it was introduced way back in 2008.

Five years ago each DogeCoin was $0.0002, and its value has multiplied 250 times.

So which cryptos is EXTREMELY cheap right now that could be buy tens or thousands of for relatively cheap amount ($1000) that could skyrocket in the same way Bitcoin and DogeCoin has?

Edit - Would like to add, not looking for cheap cryptos that are expected to rise within a few weeks, but the ones that may spike in a few years. Personally, I'm thinking long-term.
Click to expand...

Look into Xinfin (XDC). I wouldn't buy any right now as it just shot up significantly, but keep an eye on it and if it drops back below a penny it's probably worth throwing a little money into.
 
babyjay said:
2 years ago i was shitting on crypto in general. Im a real estate investor, index funder and precious metal holder. Mostly tangible investor. Ive changed my tune on crypto. Im thinking about buying half a bitcoin, 13 shares of ether, 20 shares of litecoin and maybe $1000 on dogecoin. What do you think of my spread? Do you really think it could hit 100k this year? ive also heard 300k. Insane. Do you still think we are in the early phases of crypto? Hopefully with this upward trend my half a bitcoin could be a full bit coin. Also is there any other crypto besides ive mentioned your bullish on?
Click to expand...

BTC and ETH are sure bets. LTC is relatively safe and Doge is a pump n dump meme coin with really no value. It's hard to tell where we are in the market but from my understanding hedge funds are just now dipping their toes in the water which could mean more institutional money is coming. Further, the stimulus check will undoubtedly give the market a bump IMO. As for my holdings, I own BTC, ETH, Vechain, HAI and a low cap coin DFT. The first three are solid picks while the other two are toss ups.
 
Finally found a good (and easy to use) app to buy and store your Doge - Blockfolio
 
babyjay said:
2 years ago i was shitting on crypto in general. Im a real estate investor, index funder and precious metal holder. Mostly tangible investor. Ive changed my tune on crypto. Im thinking about buying half a bitcoin, 13 shares of ether, 20 shares of litecoin and maybe $1000 on dogecoin. What do you think of my spread? Do you really think it could hit 100k this year? ive also heard 300k. Insane. Do you still think we are in the early phases of crypto? Hopefully with this upward trend my half a bitcoin could be a full bit coin. Also is there any other crypto besides ive mentioned your bullish on?
Click to expand...
It's not too late to hop on the crypto train my man. Look at crypto as you would your index funds and real estate. Do some research and understand the underlying technology and issues each crypto project are trying to solve.

I would say bitcoin and ETH are good bets. Based on market cap I would say 10x ceiling for bitcoin, which will put it around the same market cap as gold, and everyone is calling bitcoin digital gold. ETH is more of a protocol that other projects can be built on, and again looking at market cap my guess is that it could still have 20x to 30x ceiling. However that space is also competitive with new challengers, like Cardano and Polka Dot. I would spread some to them as well just to hedge. If they work out and become the main standard then your ceiling is much higher too.

Litecoin is like Nik Lentz. Nothing spectacular but keeps grinding along. Dogecoin is a meme and doesn't have much utility except all the social media and Elon Musk hype.

I'm also bullish on Algorand. It's a solid project with some very reputable and smart people, and has already signed on a lot of partners. I've also spread my investment across several defi projects like XLM, XPR, 0X and loopring, as well as uniswap (an exchange), the "Google of Blockchain", Graph, and decentralized supply chain crypto Vechain.

Disclaimer: I'm not a financial advisor. I'm just some jacked 6'5'', 250 pound of pure muscle, 10 inch dong alpha male on an internet karate forum
 
Bornstarch said:
WHAT DID THE POSTER NAMED WORLDOFWARCRAFT TELL YOU GUYS 10 YEARS AGO??? BUT YOU DIDN'T LISTEN!!!
Click to expand...

Real crazy that people wouldn't take financial advice from an internet guy named after a fucking kid's nerd game like WoW.
 
Get To Da Choppa said:
It's not too late to hop on the crypto train my man. Look at crypto as you would your index funds and real estate. Do some research and understand the underlying technology and issues each crypto project are trying to solve.

I would say bitcoin and ETH are good bets. Based on market cap I would say 10x ceiling for bitcoin, which will put it around the same market cap as gold, and everyone is calling bitcoin digital gold. ETH is more of a protocol that other projects can be built on, and again looking at market cap my guess is that it could still have 20x to 30x ceiling. However that space is also competitive with new challengers, like Cardano and Polka Dot. I would spread some to them as well just to hedge. If they work out and become the main standard then your ceiling is much higher too.

Litecoin is like Nik Lentz. Nothing spectacular but keeps grinding along. Dogecoin is a meme and doesn't have much utility except all the social media and Elon Musk hype.

I'm also bullish on Algorand. It's a solid project with some very reputable and smart people, and has already signed on a lot of partners. I've also spread my investment across several defi projects like XLM, XPR, 0X and loopring, as well as uniswap (an exchange), the "Google of Blockchain", Graph, and decentralized supply chain crypto Vechain.

Disclaimer: I'm not a financial advisor. I'm just some jacked 6'5'', 250 pound of pure muscle, 10 inch dong alpha male on an internet karate forum
Click to expand...

SwamiLeoni said:
BTC and ETH are sure bets. LTC is relatively safe and Doge is a pump n dump meme coin with really no value. It's hard to tell where we are in the market but from my understanding hedge funds are just now dipping their toes in the water which could mean more institutional money is coming. Further, the stimulus check will undoubtedly give the market a bump IMO. As for my holdings, I own BTC, ETH, Vechain, HAI and a low cap coin DFT. The first three are solid picks while the other two are toss ups.
Click to expand...

"when everybody is greedy be fearful, when everyone is fearful be greedy" - warren buffet

This was the only reason why i havent jumped in yet. Almost akin to the 99 tech bubble, but i dont see it that way. The technology seems sound, and 3rd world countries seem to be jumping on board with the volatility of their govt. (africa, pakistan). Regulatory bodies jumping in and now apple and mastercard. Ive never bought gold bars because i thought they were too expensive, but here i am about to buy bitcoin which is 10x more. Fuck it, i think im in.
 
Folks I'm in an exceptionally good mood, and I believe that the project has now pumped high enough that even the people I utterly despise on Sherdog should now know (mainly because at this point they won't be able to accumulate a good stack). But trust me, even holding 100 of it is going to be a big deal.

Some here already knows about this, but to those that only bought cause it was in the top 10 without thinking further about it, read this carefully. This will be your red pill, or blue pill moment.

The World Economic Forum and Smart Contracts.
The World Economic Forum wrote in 2015 that 10% of worlds GDP would be on the blockchain by 2027 in a poll done by leading industry experts and executives. Right now the transformation of regular fiat money and on to digital currency is happening. But this isn't the point, no where the real value lies in, is in the contracts. Contracts as you know is the binding of two entities or more, that enter in to an agreement where the parties involved are reasonably sure that they will uphold their end of the agreement. This relies on trust. Where blockchain comes in, is that you can code smart contracts on the immutable digital ledger, and thus create a digital tamper-proof agreement. In other words, a trustless agreement between two parties or more, where the conditions are deterministic and based on proof of mathematics and physics, not on trust in a brand (for example a banking institution). Some of you might have heard about this with Ethereum, and the ability to code a smart contracts on Ethereum using solidity (a programming language)

The Oracle Problem
The main problem that blockchains have, is a way to communicate with the real world and feed the information to the contract itself. This is called the oracle problem in the blockchain space. An oracle is to put it in simple terms an online notary that keeps your contract constantly updated. To clarify, the oracle is connected to the smart contract as well as various API's that is related to the terms of the contract. Weather patterns for example (for farmers insurance, flights), price feeds (for fluctuations of currencies), temperature (transport of goods), stock tickers. Basically any real event in the world that is subject to constant change. Having a centralised oracle, or making an oracle for each contract, is for the former a security and reliability issue, and for the later the same as well as time consuming to code for each contract. The way to solve this is having decentralised oracles, as it not only removes the security issue of having one oracle node run the show (thus severely increasing the risk of failure or the deliverance of bad data), but it also creates a service where reliable oracles can be requested by the user running the smart contracts, and check an oracle node providers reputation. A user, pending on the size of the value of the contract that is being issued would want more redundancy for information to safely have an aggregated data pool, as well as being delivered high quality data from premium sources. Thus the user would naturally pay for the services of the oracle.

The oracle operator themselves stake their own assets (in this case link tokens) in their node as a guarantee that they're providing the data for the duration of the contract and the quality of the data. To not fulfil these terms would result in the oracle operator losing the link tokens he has staked to the user that requested the node. Should the terms be however met, and the oracle operates in good faith, the node operator will be paid in link tokens. This is already a working product in real time, please see https://feeds.chain.link to view current running nodes. You can also see the various node operators on https://market.link

There's only one company that is currently solving this problem in a decentralised manner, and as mentioned above has a working working product, that company is Chainlink. If you wish to peruse their website it's; https://chain.link
For a visual presentation see this video for the technical paper click here.

Who are partnered with Chainlink / who uses it?
Chainlink is instrumental for blockchain to succeed, and each day they're getting new partners, but to name them all would take too long (there's over 400) and I would rather focus on names that you recognise. Swift global banking (see R3), R3 (R3 uses Kaleido Blockchain which has Chainlink integrated), Mircosoft, Zeppelin_OS, Web 3.0 foundation, BSN (The Chinese's state blockchain service network), the top Korean banks, google, Oracle (the second largest tech company) DocuSign, Openlaw, T-Sytems (Deutsche Telekom, you might be more familiar with their division; T-Mobile), IC3, and many more. Chainlink has been very good at keeping their lips tightly sealed, but the information is still public (but hasn't been reported by any major outlet) and to those in the space, it's easy to find and verify. All these companies will be running their blockchain services, and they will, or already have integrated Chainlink in their blockchain. T-Systems are even offering their services as Chainlink Oracles, currently running at least 55 nodes.

Here's an updated list of partners, clients, grants, and integration of Chainlink
https://docs.google.com/document/d/1ahUZjuIqqwG9dZLvlm0sgHmckRVUC6kB396narYKSyU/edit

The people involved
The core team of Chainlink are relatively unknown outside of the blockchain space, however they have since their inception been working with the brightest minds in computer data science, blockchain, and cryptography. The main person of interest is Ari Juels this man, conceptionalised "Proof of Work" the method that Bitcoin (to name one) is based on, in 1999 and he is the leading academic figure in blockchain, as well as the co-director of IC3 along with Emin Gün Sirer (another leading figure in the academic research in blockchain). Ari Juels co-authored the Chainlink whitepaper 1.0 in 2017, and has co-authored multiple papers that works on solving the challenges with blockchain, that Chainlink aims to solve. Chainlink also works closely with Ed Felten, the chief scientist in Off-Chainlabs, and former CTO of the White House, where Felten attended the Chainlink smartcon 0 in August 28th 2020 and presented the Aribtrum projects, and its goals to solve the scalability of Ethereum.

How does this benefit me?
Ok, that's all great. Where's the value? The value as I mentioned before lies in the contracts. The biggest market for contracts lies in derivatives which is one quadrillion (Yes, you read that right). If the projection by the experts that the WEF polled is right, then it follows that the derivatives market will follow along in doing their transactions and contracts in the blockchain (smart contracts). We're already seeing rate of adoption increasing of companies adopting this technology, and to summarise, Chainlink will be to the blockchain as google is to the internet, and this is actually an underestimation in my opinion. See the value of a contract here. Since the link tokens will be staked and providing a safety to the contracts value, and the supply is fixed, it's reasonably to assume that the chainlink tokens will mirror that of the average contract price, and more once the derivatives market starts issuing future bonds and contracts, on the blockchain. The token are still available on exchanges, both centralised and decentralised, but the number is gradually dwindling, as of writing this now, there's only 13% of the supply left on the exchanges. The link token is fixed at 1 billion. You can purchase it, on kraken, coinbase, or gemini.

It's not too late.
EWYRe0jWsAAbOlx
 
Last edited:
m25105 said:
Folks I'm in an exceptionally good mood, and I believe that the project has now pumped high enough that even the people I utterly despise on Sherdog should now know (mainly because at this point they won't be able to accumulate a good stack). But trust me, even holding 100 of it is going to be a big deal.

Some here already knows about this, but to those that only bought cause it was in the top 10 without thinking further about it, read this carefully. This will be your red pill, or blue pill moment.

The World Economic Forum and Smart Contracts.
The World Economic Forum wrote in 2015 that 10% of worlds GDP would be on the blockchain by 2027 in a poll done by leading industry experts and executives. Right now the transformation of regular fiat money and on to digital currency is happening. But this isn't the point, no where the real value lies in, is in the contracts. Contracts as you know is the binding of two entities or more, that enter in to an agreement where the parties involved are reasonably sure that they will uphold their end of the agreement. This relies on trust. Where blockchain comes in, is that you can code smart contracts on the immutable digital ledger, and thus create a digital tamper-proof agreement. In other words, a trustless agreement between two parties or more, where the conditions are deterministic and based on proof of mathematics and physics, not on trust in a brand (for example a banking institution). Some of you might have heard about this with Ethereum, and the ability to code a smart contracts on Ethereum using solidity (a programming language)

The Oracle Problem
The main problem that blockchains have, is a way to communicate with the real world and feed the information to the contract itself. This is called the oracle problem in the blockchain space. An oracle is to put it in simple terms an online notary that keeps your contract constantly updated. To clarify, the oracle is connected to the smart contract as well as various API's that is related to the terms of the contract. Weather patterns for example (for farmers insurance, flights), price feeds (for fluctuations of currencies), temperature (transport of goods), stock tickers. Basically any real event in the world that is subject to constant change. Having a centralised oracle, or making an oracle for each contract, is for the former a security and reliability issue, and for the later the same as well as time consuming to code for each contract. The way to solve this is having decentralised oracles, as it not only removes the security issue of having one oracle node run the show (thus severely increasing the risk of failure or the deliverance of bad data), but it also creates a service where reliable oracles can be requested by the user running the smart contracts, and check an oracle node providers reputation. A user, pending on the size of the value of the contract that is being issued would want more redundancy for information to safely have an aggregated data pool, as well as being delivered high quality data from premium sources. Thus the user would naturally pay for the services of the oracle.

The oracle operator themselves stake their own assets (in this case link tokens) in their node as a guarantee that they're providing the data for the duration of the contract and the quality of the data. To not fulfil these terms would result in the oracle operator losing the link tokens he has staked to the user that requested the node. Should the terms be however met, and the oracle operates in good faith, the node operator will be paid in link tokens. This is already a working product in real time, please see https://feeds.chain.link to view current running nodes. You can also see the various node operators on https://market.link

There's only one company that is currently solving this problem in a decentralised manner, and as mentioned above has a working working product, that company is Chainlink. If you wish to peruse their website it's; https://chain.link
For a visual presentation see this video for the technical paper click here.

Who are partnered with Chainlink / who uses it?
Chainlink is instrumental for blockchain to succeed, and each day they're getting new partners, but to name them all would take too long (there's over 400) and I would rather focus on names that you recognise. Swift global banking (see R3), R3 (R3 uses Kaleido Blockchain which has Chainlink integrated), Mircosoft, Zeppelin_OS, Web 3.0 foundation, BSN (The Chinese's state blockchain service network), the top Korean banks, google, Oracle (the second largest tech company) DocuSign, Openlaw, T-Sytems (Deutsche Telekom, you might be more familiar with their division; T-Mobile), IC3, and many more. Chainlink has been very good at keeping their lips tightly sealed, but the information is still public (but hasn't been reported by any major outlet) and to those in the space, it's easy to find and verify. All these companies will be running their blockchain services, and they will, or already have integrated Chainlink in their blockchain. T-Systems are even offering their services as Chainlink Oracles, currently running at least 55 nodes.

Here's an updated list of partners, clients, grants, and integration of Chainlink
https://docs.google.com/document/d/1ahUZjuIqqwG9dZLvlm0sgHmckRVUC6kB396narYKSyU/edit

The people involved
The core team of Chainlink are relatively unknown outside of the blockchain space, however they have since their inception been working with the brightest minds in computer data science, blockchain, and cryptography. The main person of interest is Ari Juels this man, conceptionalised "Proof of Work" the method that Bitcoin (to name one) is based on, in 1999 and he is the leading academic figure in blockchain, as well as the co-director of IC3 along with Emin Gün Sirer (another leading figure in the academic research in blockchain). Ari Juels co-authored the Chainlink whitepaper 1.0 in 2017, and has co-authored multiple papers that works on solving the challenges with blockchain, that Chainlink aims to solve. Chainlink also works closely with Ed Felten, the chief scientist in Off-Chainlabs, and former CTO of the White House, where Felten attended the Chainlink smartcon 0 in August 28th 2020 and presented the Aribtrum projects, and its goals to solve the scalability of Ethereum.

How does this benefit me?
Ok, that's all great. Where's the value? The value as I mentioned before lies in the contracts. The biggest market for contracts lies in derivatives which is one quadrillion (Yes, you read that right). If the projection by the experts that the WEF polled is right, then it follows that the derivatives market will follow along in doing their transactions and contracts in the blockchain (smart contracts). We're already seeing rate of adoption increasing of companies adopting this technology, and to summarise, Chainlink will be to the blockchain as google is to the internet, and this is actually an underestimation in my opinion. See the value of a contract here. Since the link tokens will be staked and providing a safety to the contracts value, and the supply is fixed, it's reasonably to assume that the chainlink tokens will mirror that of the average contract price, and more once the derivatives market starts issuing future bonds and contracts, on the blockchain. The token are still available on exchanges, both centralised and decentralised, but the number is gradually dwindling, as of writing this now, there's only 13% of the supply left on the exchanges. The link token is fixed at 1 billion. You can purchase it, on kraken, coinbase, or gemini.
Click to expand...

100 of what exactly?
 
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