Crypto Megathread v18 - ETH Killers and The Metaverse

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TheMaster said:
As someone who has lost big profits before due to greed, I would recommend people level out profits occasionally and put into a stable such as PAXGold.
It's psychologically significant to hold even just one PAXG, a tokenized asset paired to a real reserve of London gold bar.

Part of the reason we lose money is because we subconsciously forget that sense we are dealing with 'real money' sometimes. And of course in a way it isn't 'real money' until you convert it to some kind of real asset. Up until then, it is a carefully considered hedge. An asset is also a hedge, but a much more sure one compared to the crypto world at present.

Having even one PAXGold in the portfolio, at least for me, is reminder that this is legit finanaces and not to throw such caution to the wind when buying and selling which sometimes happens with the latest **crazy moon** coin. Not to say there are not many great projects that I fully believe in as solid investments for the future to hold money in. But when your portfolio is hedged against even one actual gold token that you could get hold of in real life if desired, you will look at it differently.


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Would you say it's similar to do it with something like USDC or GUSD? I hold like 50% of my crypto in those 2 as a sort of slow and steady. I am going to look to diversify some of that into PAXGold.
I'm all for taking big risk but I'm the type that likes at least 50% or more in something relativly stable.
 
TheNinja said:
Would you say it's similar to do it with something like USDC or GUSD? I hold like 50% of my crypto in those 2 as a sort of slow and steady. I am going to look to diversify some of that into PAXGold.
I'm all for taking big risk but I'm the type that likes at least 50% or more in something relativly stable.
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In terms of being a stable fund it's more or less the same but I was speaking also in terms of the psychological effect.
It should have some of that same effect but USDT/USDC to me comes across still a bit like 'crypto play money' since we use it so often when swing trading even though it's backed by real dollars. It's more crypto dollars but one where the value stays the same.

For PAXGold, the point is it's a crypto representation of actual real gold that you own by owning the token and can physically claim, I am using it as a permanent store of profits to gradually build up.
So for me it also makes all the other cryptos in the portfolio look more 'real' when you have one that represents a tangible physical asset, thus leading to a more sobre and cautious approach to trading and investing .
 
Anyone buying or holding any STMX? I snagged some when it was announced hte Trail Blazers were putting it on their jerseys this year and got it at like .023 ish. it's .034 ish now.

Thiking of grabbing more as it has real world use at the moment.
 
TheMaster said:
In terms of being a stable fund it's more or less the same but I was speaking also in terms of the psychological effect.
It should have some of that same effect but USDT/USDC to me comes across still a bit like 'crypto play money' since we use it so often when swing trading even though it's backed by real dollars. It's more crypto dollars but one where the value stays the same.

For PAXGold, the point is it's a crypto representation of actual real gold that you own by owning the token and can physically claim, I am using it as a permanent store of profits to gradually build up.
So for me it also makes all the other cryptos in the portfolio look more 'real' when you have one that represents a tangible physical asset, thus leading to a more sobre and cautious approach to trading and investing .
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That's really cool and all, but from my quick glance at the PAXG website it says they exchange for London Good Delivery bars.

The minimum weight of gold London Good Delivery bars is 350-ish ozt if I remember correctly. That's over $600k!

Are you able to redeem for gram bars, single ounces or fractional gold? Or is it always a full London Good Delivery bar?

If always a full bar, they should create a PAXSilver coin. Silver is way more attainable for small-time investors, albeit way more volatile as well. Which, now that I think about it, would negate the stablecoin-ness of the crypto.

But, a 350-ish ozt silver London Good Delivery bar would only be around $8k versus the +$600k of the gold version.
 
axion said:
Yeah I sacrificed a little ETH but I haven't seen any news or roadmap, even the sacrifice page hasn't changed... I heard Richard Heart bought some new watches though.



Not exactly, pulse had no value, it didn't exist. He was talking about it working as a tax break because you're giving your money away, one way you could sacrifice was through a charitable org.
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What was your price entry on HEX?
GarbageGuy said:
Staking will be available in 2 weeks according to cryptomeda. Probably gonna hold until then and accumulate more when it dips into low 7s or 6s
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Its actually going live on the 19th.
So i will definitely take some profits in the next coming days as the tokens value peaks.
I'll keep the rest and stake it
 
TheNinja said:
I have KuCoin for API3 and AGIX so it'll be easy :). Gonna sell some of my other alts and get some WILD unless I already missed the boat!
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flash sale still going on.
maybe keep some to DCA as it may go deeper down into 1.2-1.3 area
 
TheNinja said:
Would you say it's similar to do it with something like USDC or GUSD? I hold like 50% of my crypto in those 2 as a sort of slow and steady. I am going to look to diversify some of that into PAXGold.
I'm all for taking big risk but I'm the type that likes at least 50% or more in something relativly stable.
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Paxos uses proof of reserve (Chainlink tech) to prove that they have collateral, so it's pretty safe.
 
superking said:
That's really cool and all, but from my quick glance at the PAXG website it says they exchange for London Good Delivery bars.

The minimum weight of gold London Good Delivery bars is 350-ish ozt if I remember correctly. That's over $600k!

Are you able to redeem for gram bars, single ounces or fractional gold? Or is it always a full London Good Delivery bar?

If always a full bar, they should create a PAXSilver coin. Silver is way more attainable for small-time investors, albeit way more volatile as well. Which, now that I think about it, would negate the stablecoin-ness of the crypto.

But, a 350-ish ozt silver London Good Delivery bar would only be around $8k versus the +$600k of the gold version.
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One PAXGold = One fine Troy ounce Gold of a 400 Oz London good delivery bar.

https://paxos.com/paxgold/

So the value will fluctuate a little with the price of gold.
If you want to actually redeem for the physical gold, I believe you can trade for the equivalent that you own at various gold merchants.
The actual London gold delivery bar is kept in a vault. Each token you hold or fraction can be matched to a specifed section of a bar.
 
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TheMaster said:
One PAXGold = One fine Troy ounce Gold of a 400 Oz London good delivery bar.

https://paxos.com/paxgold/

So the value will fluctuate a little with the price of gold.
If you want to actually redeem for the physical gold, I believe you can trade for the equivalent that you own at various gold merchants.
The actual London gold delivery bar is kept in a vault. Each token you hold or fraction can be matched to a specifed section of a bar.
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Word, thanks. Now that I'm getting a little more in depth on the website I'm seeing that.

I would be into a whole precious/crypto ecosystem though, I think there is big opportunity there.
 
superking said:
Word, thanks. Now that I'm getting a little more in depth on the website I'm seeing that.

I would be into a whole precious/crypto ecosystem though, I think there is big opportunity there.
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It’s coming. Why would you ever want anything BUT blockchain security over your precious metal holdings?
 
Nik123 said:
I got some more at 1.30...mmmm
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Is there some news I'm not aware of? Or you think this is just guys who got in way early dumping their profits? Still dropping, thinking of loading up a bit more but would like to wait if it's going to fall further.
 
dirtypablo said:
Is there some news I'm not aware of? Or you think this is just guys who got in way early dumping their profits? Still dropping, thinking of loading up a bit more but would like to wait if it's going to fall further.
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No insight from me here, but irrespective of the dip, the road map is still on a great path.
 
dirtypablo said:
Is there some news I'm not aware of? Or you think this is just guys who got in way early dumping their profits? Still dropping, thinking of loading up a bit more but would like to wait if it's going to fall further.
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Usual early stage whale dump. Number of total wallets has been steadily increasing so it’s most likely whale manipulation- there was one single guy selling 200k plus yesterday lol. Strong support just above $1 so doubt it goes below that - depending on your risk profile, one can either buy the big dip or wait for price consolidation once the whales have had their fun. Either way, fundamentals are solid so it’s my fave long term play.
 
dirtypablo said:
I'm not concerned about it long term at the moment, but nothing's as annoying as 'buying the dip' then having the dip drop another 20%.
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Believe me — I hear ya there. I don’t have the technical analysis skill so I just have buy ranges in mind. I wish I held out yesterday as I dropped another k at 1.51
 
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