Crypto Megathread v18 - ETH Killers and The Metaverse

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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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Another phrase I remember from Miles. Who would think I would be keeping his memory going:

"It's still a good price, just less good".
 
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I'm tempted to put my BTC into something that will go up quicker than BTC to make more BTC lol.

AGIX just might be that play, it's been slumping recently.
 
Rygu said:
I'm tempted to put my BTC into something that will go up quicker than BTC to make more BTC lol.

AGIX just might be that play, it's been slumping recently.
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That’s the name of the game. Roll some profits into long term plays. AGIX is also a slower burn so idk if that suits your idea
 
Rygu said:
I'm tempted to put my BTC into something that will go up quicker than BTC to make more BTC lol.

AGIX just might be that play, it's been slumping recently.
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Put it in Polkadot lol.

BTC is great hold if you really plan on sitting on it for five to ten years. Don't feel bad about not getting huge gains from it in the short term. It's the safest bet out there.

I'm still standing firm on only investing in actual ecosystems now and amassing as much of them as possible. I have enough ETH now, but I'm trying to building up my ADA, DOT, Sol, ALGO holdings now before this bull run really takes off. Then after it does, all profit is going into stable coins and getting re-invested right back into those projects when prices tank.
 
TeTe said:
Put it in Polkadot lol.

BTC is great hold if you really plan on sitting on it for five to ten years. Don't feel bad about not getting huge gains from it in the short term. It's the safest bet out there.

I'm still standing firm on only investing in actual ecosystems now and amassing as much of them as possible. I have enough ETH now, but I'm trying to building up my ADA, DOT, Sol, ALGO holdings now before this bull run really takes off. Then after it does, all profit is going into stable coins and getting re-invested right back into those projects when prices tank.
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Basically my plan as well with a few NFT Metaverse plays sprinkled in.
 
TeTe said:
Put it in Polkadot lol.

BTC is great hold if you really plan on sitting on it for five to ten years. Don't feel bad about not getting huge gains from it in the short term. It's the safest bet out there.

I'm still standing firm on only investing in actual ecosystems now and amassing as much of them as possible. I have enough ETH now, but I'm trying to building up my ADA, DOT, Sol, ALGO holdings now before this bull run really takes off. Then after it does, all profit is going into stable coins and getting re-invested right back into those projects when prices tank.
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Oh I definitely want to hold long term but it seems you can just pick an alt and eventually it will pump and then you put it all back into BTC. The danger is if BTC drops obviously whatever alt you chose will drop harder.
 
Well nice to see Dot is hot garbage again just in time for my unstaking, yup definitely never staking anything again. 5 days ago 200 Dot = .17 BTC, now 200 = .146

Never again.
 
Rob Battisti said:
It’s coming. Why would you ever want anything BUT blockchain security over your precious metal holdings?
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I'm of two minds on this.

Yes, when I want to buy from dealers and auction houses I want provenance and a purity guarantee and blockchain is perfect for keeping both on record. As long as packaging and security features from the original supplier is retained, blockchain would be great.

But I've been in the precious metals game long enough to know that drilled bars exist, that shaving lowers the weight considerably on large enough orders, and there are any number of tricks employed by a large number of unscrupulous dealers and middlemen. This is where blockchain wouldn't do very much good and an acid test kit is indispensable.

Most of my dealings and current holdings are through private transactions of after-market metals resulting in very little to no paper trail. I don't see how this tech would do anything toward proving to me the 1000 ozt bar I'm planning on buying and is after-market hasn't been shaved down a little here and there by whichever hands touched it before mine.
 
superking said:
I'm of two minds on this.

Yes, when I want to buy from dealers and auction houses I want provenance and a purity guarantee and blockchain is perfect for keeping both on record. As long as packaging and security features from the original supplier is retained, blockchain would be great.

But I've been in the precious metals game long enough to know that drilled bars exist, that shaving lowers the weight considerably on large enough orders, and there are any number of tricks employed by a large number of unscrupulous dealers and middlemen. This is where blockchain wouldn't do very much good and an acid test kit is indispensable.

Most of my dealings and current holdings are through private transactions of after-market metals resulting in very little to no paper trail. I don't see how this tech would do anything toward proving to me the 1000 ozt bar I'm planning on buying and is after-market hasn't been shaved down a little here and there by whichever hands touched it before mine.
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Maybe a merging of both? Like you said, the tracking of it would be enormously valuable. Think of the supply chain factor. You’d see the location of the gold mine, the smelting of the bar, there it was stored, when/where it was transferred. This could all happen on an immutable ledger with full access for you.
 
Rob Battisti said:
Maybe a merging of both? Like you said, the tracking of it would be enormously valuable. Think of the supply chain factor. You’d see the location of the gold mine, the smelting of the bar, there it was stored, when/where it was transferred. This could all happen on an immutable ledger with full access for you.
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I agree, that information is incredibly valuable in proving provenance, purity, weight, etc. But only if the packaging and security features of that bar stay intact.

It becomes useless in a scenario where, somewhere/sometime along the line someone removes the packaging or grounds down the engraved serial number or QR code, etc. That act then breaks the immutability because now there's no feature on that physical bar to tie it to any blocks on the chain. Once initial packaging is removed a bar or round or whatever form the precious is in instantly becomes after-market.

In this regard, I think there will always be a market for "off-chain" metals.

Of course, as is the case now with precious metals and even graded and slabbed coins... "on-chain" precious metals will undoubtedly command a greater premium than after-market or "off-chain" precious metals. Maybe that'll be enough to ensure very few will break the chain, so to speak.
 
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