Bitcoin explosion and ALT coins thread

Status
Not open for further replies.
Of course eth hits $1909 after I cleared my pp wallet. Oh well, I'll just wait for the drop before I rebuy on coinbase.
 
TeTe said:
Markets nuts today... Figures doge is the only one taking a loss lol
Click to expand...

Market is surging today. BUT the last month of slow moving profits was a very unusual market. The volatility we've seen in the last week is much more the standard. One day you're trying to decide what colour Lamborghini you're buying then the next day you wonder if you can afford the Toyota Corolla with 200k miles on it.
 
Todd Gack said:
It’s a pain in the ass to get Link in Canada from what I can see. I would have to buy Bitcoin and then send to my wallet and then exchange for link but I’d have to pay an exchange fee.
Click to expand...

I'm in Canada and can just buy it straight up on coinbase
 
m25105 said:
Newbies will think because you can't accumulate a 10000 link stack anymore, that one should buy something else. However, should the projection by the experts happen and 10% of the worlds GDP and derivatives be locked on smart contracts, the value of chainlink will exceed 1000 dollars easily. The meme number right now is 81k and memes has a tendency to become reality. A person holding 100 links would be considered a whale easily given 100 x 81k is 8.1 million dollars. But "normies" to use that term, are dumb as dumb can be. They don't read about fundamentals, they don't do research, go dot hunting, dig through twitter, and read the white papers. They just go on coinmarketcap.com see what low marketcap coins there are and buy that and then wonder why they're losing money. Or they follow idiotic youtubers that aren't worth a seconds watch that promises them riches, or join pump and dump discords where the whales in it, dump on users.

I know how this shit works, and I know what projects and what names you should look after.
Click to expand...
What's your linkstack then out of curiosity?
Also, you're being WAY too bullish on link. It could theoretically do that well but then the entire market will be doing huge and there will be many other options doing as good or better.

Also, it's just as possible other Oracle projects come up and provide a better service and become the one, not Link.

Most people do not want to go all in on a project where 83% of the entire stock is held by a hundred or less people.

https://zycrypto.com/100-addresses-own-83-of-total-chainlink-supply-but-link-marines-dont-mind/
 
TheMaster said:
What's your linkstack then out of curiosity?
Also, you're being WAY too bullish on link. It could theoretically do that well but then the entire market will be doing huge and there will be many other options doing as good or better.

Also, it's just as possible other Oracle projects come up and provide a better service and become the one, not Link.

Most people do not want to go all in on a project where 83% of the entire stock is held by a hundred or less people.

https://zycrypto.com/100-addresses-own-83-of-total-chainlink-supply-but-link-marines-dont-mind/
Click to expand...

I agree, The amount of currencies that have all manner of evidence and proof to say they are going to do this and that "etherium Killer" and all that shit, but then why haven't they done it? I'm hugely optimistic on ADA, but I also question how their market cap can be the 4th biggest and yet we have fuck all movement in their worth, while Polkadot surges past the $40 mark.
 
Woldog said:
I agree, The amount of currencies that have all manner of evidence and proof to say they are going to do this and that "etherium Killer" and all that shit, but then why haven't they done it? I'm hugely optimistic on ADA, but I also question how their market cap can be the 4th biggest and yet we have fuck all movement in their worth, while Polkadot surges past the $40 mark.
Click to expand...
Thing about market cap is it is all just speculation it isn't real value it's just what people currently believe something is worth.
Like everything went up recently because of the news from Musk.


You also need to do the basic calculation based on total supply.

So for Polkadot it is about $40 but total supply is only 1 billion. It entered the market at around $4 so that's a 10x increase .

With Cardano it already exceeded 30x initial value. I consider getting in early is if you can get around 10 x the initial value , up to 30x or even 50x is still pretty good though.

Cardano came it at like $0.03 and it's now around $1.

Now consider that total supply of ADA is fixed at 45 billion.
So if you compare with Dot it's actually higher 1x45 = $45 per ADA if the supply was same as Dot, or if there was 45 billion Dot it would be now $40/45 about , $0.90.

For comparison Bitcoin is around $60,000 now but with around 20 million total supply.
So 45 billion/20 million is 2250.
If we convert then 1 Bitcoin is $60,000/2250 it's about $26 per Bitcoin if there were 45 billion of them like ADA so market cap is about 26 bigger currently.
 
TheMaster said:
Thing about market cap is it is all just speculation it isn't real value it's just what people currently believe something is worth.
Like everything went up recently because of the news from Musk.


You also need to do the basic calculation based on total supply.

So for Polkadot it is about $40 but total supply is only 1 billion. It entered the market at around $4 so that's a 10x increase .

With Cardano it already exceeded 30x initial value. I consider getting in early is if you can get around 10 x the initial value , up to 30x or even 50x is still pretty good though.

Cardano came it at like $0.03 and it's now around $1.

Now consider that total supply of ADA is fixed at 45 billion.
So if you compare with Dot it's actually higher 1x45 = $45 per ADA if the supply was same as Dot, or if there was 45 billion Dot it would be now $40/45 about , $0.90.

For comparison Bitcoin is around $60,000 now but with around 20 million total supply.
So 45 billion/20 million is 2250.
If we convert then 1 Bitcoin is $60,000/2250 it's about $26 per Bitcoin if there were 45 billion of them like ADA so market cap is about 26 bigger currently.
Click to expand...

With that being said does ADA have the capacity to reach these lofty heights people seem to think it can reach? A lot of people believe and are banking on ADA moving upward towards the $10 or the $100 mark. I believe in a bit of the hype but I also keep my emotions out of things when I buy and sell, looking for a safer profit rather than putting all my money on black and going bust at the casino.

I'll be the first to admit I don't fully understand how this all work and am still learning on the fly.
 
Woldog said:
With that being said does ADA have the capacity to reach these lofty heights people seem to think it can reach? A lot of people believe and are banking on ADA moving upward towards the $10 or the $100 mark. I believe in a bit of the hype but I also keep my emotions out of things when I buy and sell, looking for a safer profit rather than putting all my money on black and going bust at the casino.

I'll be the first to admit I don't fully understand how this all work and am still learning on the fly.
Click to expand...
One thing I dislike about crypto is it does very much feel like gambling which I always hated. People will say that "any investing is gambling" but with this you have your 'chips' or tokens as they call them with the different coins and then you hedge your bets and it's so volatile and unpredictable at times it feels a bit like playing roulette and knowing when to stake or pull out.

For me, the industry itself will win so it's a good investment. I don't want to become obsessed with it or think too much about it the point is for me mainly to invest and HODL a few good ones and occasionaly check in with the dips and surges to make good trades. But it's about making sensible finanical investment possible not to become an obsessive thing so I can not worry about money and focus on achieving goals in life before we die thats the main thing so this crypto can be another rabbit hole if your not careful plus with YouTube everyone wants to be an expert now and sound intelligent talking about it there's a lot of BS there.

But you can do the research and see what's happening in the real world also which is a good indicator and which companies are partnering.

I'm going in with Vechain also. Still very cheap at around 5 cents which is around 10x initial value so you can still get it at an early price and can get a good amount and be a bit of a 'whale' in it if you're willing to put funds in now,total supply is 86 billion.

But the main thing is they are doing real world things which are understandable to the layman even. Like it's not some talk about Dapps in the Oracle- blockchain that decentralize the nodes (I think it's good to get some gradual knowledge of how these things work but it's not really necessary to know alot to make a good investment).
For Vechain they are for example partnering with the seafood industry already to use it as a log for freshness of food during transportation, it can be something like a realtime barcode. And that is just one application so it could have huge industry use.

So that is very solid work they are doing in real life, not speculative and just within the crypto world and happening now already which means they will be very very likely to be successful and grow in future.
So that to me is very good and a solid which you can actually understand and explain to people if they talk about it and less like just like gambling on something you don't really understand.
 
TeTe said:
Markets nuts today... Figures doge is the only one taking a loss lol
Click to expand...

giphy.gif
 
TheMaster said:
One thing I dislike about crypto is it does very much feel like gambling which I always hated. People will say that "any investing is gambling" but with this you have your 'chips' or tokens as they call them with the different coins and then you hedge your bets and it's so volatile and unpredictable at times it feels a bit like playing roulette and knowing when to stake or pull out.

For me, the industry itself will win so it's a good investment. I don't want to become obsessed with it or think too much about it the point is for me mainly to invest and HODL a few good ones and occasionaly check in with the dips and surges to make good trades. But it's about making sensible finanical investment possible not to become an obsessive thing so I can not worry about money and focus on achieving goals in life before we die thats the main thing so this crypto can be another rabbit hole if your not careful plus with YouTube everyone wants to be an expert now and sound intelligent talking about it there's a lot of BS there.

But you can do the research and see what's happening in the real world also which is a good indicator and which companies are partnering.

I'm going in with Vechain also. Still very cheap at around 5 cents which is around 10x initial value so you can still get it at an early price and can get a good amount and be a bit of a 'whale' in it if you're willing to put funds in now,total supply is 86 billion.

But the main thing is they are doing real world things which are understandable to the layman even. Like it's not some talk about Dapps in the Oracle- blockchain that decentralize the nodes (I think it's good to get some gradual knowledge of how these things work but it's not really necessary to know alot to make a good investment).
For Vechain they are for example partnering with the seafood industry already to use it as a log for freshness of food during transportation, it can be something like a realtime barcode. And that is just one application so it could have huge industry use.

So that is very solid work they are doing in real life, not speculative and just within the crypto world and happening now already which means they will be very very likely to be successful and grow in future.
So that to me is very good and a solid which you can actually understand and explain to people if they talk about it and less like just like gambling on something you don't really understand.
Click to expand...
I appreciate you taking the time to reply so thoroughly, it does give me a bit to think about.
 
TheMaster said:
What's your linkstack then out of curiosity?
Also, you're being WAY too bullish on link. It could theoretically do that well but then the entire market will be doing huge and there will be many other options doing as good or better.

Also, it's just as possible other Oracle projects come up and provide a better service and become the one, not Link.

Most people do not want to go all in on a project where 83% of the entire stock is held by a hundred or less people.

https://zycrypto.com/100-addresses-own-83-of-total-chainlink-supply-but-link-marines-dont-mind/
Click to expand...
First; it is not theoretically doing well, it IS doing well. Again, read my post, it's tiring to see that people haven't obviously read it.
Second; the other oracle projects are crap. Even the so called chainlink killer Band that was suppose to be China's answer to Chainlink have been caught copy pasting Chainlink, and trying to figure out how Chainlink's verifianble randomness function work. And despite Binance shilling them, and they got a pump, CZ and co. are using Chainlink integrated in to their Binance Smart Chain, and to top it all off, Band is now using Chainlink's price feed. I'm not even getting in to the failure that is Tellor. Suffice there's only one LINK to rule them all, and in the Blockchain bind them.
Third; the fact that the top 1% of wallets (I'm sadly top in the 4%) doesn't sell and have been holding and hoarding since 2017 is incredibly bullish. The top link wallets NEVER sell. The only links that are being sold in large quantity is from the Chainlink team themselves to gradually increase the circulating supply and spread the tokens out so that they're more decentralised.

You can either buy a piece of what's going to define this entire space, the missing piece of you will to complete blockchain, or to use Nick Szabo's words, the Godprotocol, or you can buy centralised shitty oracles that have failed multiple times.
 
forum poster said:
As someone who has:
Etherium, Dash, districOx, Litecoin, Stellar, Decentraland, Basic Attention token, Algorand, OMG, tezos, Ox, Cardano, Ripple.

Which would you recommend I swap for LINK?
And how long do I have to wait until I retire rich?
K thx



(I honestly can't even remember buying half of these)
Click to expand...
Diversifying is a meme. Once you found the top projects and identified what sort of challenges that Blockchain has to deal with are being solved by them, you hedge on them.

Get rid of Decentraland, BAT, OMG, Ox, districOx, Dash, Ripple, and Litecoin. Swap those for links.
Algorand, Stellar, Cardano, and tezos, might be less risky. However, both tezos and Algorand are using Chainlink. Would you rather be the guy rushing to mine gold, or be the guy selling all the picks and shovels? If you're a real chad though, get rid of everything save Ethereum, and swap it all for LINK. The real top three has always been Bitcoin, Ethereum, and Chainlink. And I say this as someone who holds 0 bitcoin. Cue someone mentioning Ethereum's scaling, this is being worked on as I wrote IN MY POST. READ IT FOLKS (not yelling at you @forum poster just people here in general).
 
Woldog said:
I agree, The amount of currencies that have all manner of evidence and proof to say they are going to do this and that "etherium Killer" and all that shit, but then why haven't they done it? I'm hugely optimistic on ADA, but I also question how their market cap can be the 4th biggest and yet we have fuck all movement in their worth, while Polkadot surges past the $40 mark.
Click to expand...

Did you read my post? Chainlink is not an Ethereum killer, if anything it makes ethereum run smart contracts extremely effective. It's also blockchain agnostic and can run on any chain as shown IN MY POST THAT YOU GUYS NEED TO READ AND VERIFY!

Oh, and the Ethereum Foundation loves Chainlink.

Sorry if I found angry, but I took my time to write that post, and it's annoying to me when most questions can be answered by reading it, and verifying the links that I've posted.
 
Status
Not open for further replies.

Similar threads

Brampton_Boy
Economy Bitcoin/Crypto is imploding
9 10 11
Replies
213
Views
5K
Rob Battisti
Rob Battisti

Latest posts

Forum statistics

Threads
1,280,187
Messages
58,264,544
Members
175,986
Latest member
Dakota DeSousa

Share this page

Back
Top