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Cryptocurrency megathread V2 - Gas Fees Galore

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Would love a nice big ALGO pump to close out this week.

Currently ~50% ALGO 30% LINK 20% VET

bought more ALGO at .9 this was a nice little bump.

What would you say to treating ALGO like a savings account? It may not moon, but the %apy is so attractive. I can’t see it tanking well past $1.
 
Anyone else own POWR?

Was up 120% today, now about 50%.

Just signed a deal with Tata power.
 
Yess btc go downn. I'm very bearish right now. Let's hope it reaches 40k
 
There are literally dozens of coins that could moon. The crypto space is flying. It depends which ones are most likely strong hodls. Many will gain a ton. Outside of the main players like BTC and ETH alot have been mentioned...
Algo
ADA
VET
Tron
Polkadot

I would also encourage you not to be put off by the price of BTC. Currently $50k with total supply of 20 million. So still affordable if you want to put in some like 1/20th for the most solid bet in the industry as a long hodl.
I have all of those except for Tron and Polkadot.

Screenshot_20210304-073141.jpg

ETH, ALGO & XLM are doing poorly.
 
I have all of those except for Tron and Polkadot.

View attachment 837752

ETH, ALGO & XLM are doing poorly.
I wouldn't say any of them are doing poorly. They are all solid coins and doing great with massive growth it's just the nature of crypto for the volatility which you have to get used to. But in the bigger scheme it's not really an issue.

It's also worth pursuing the strategy to put in a few hundred at least to a couple of early projects with low market cap where the price is very low in the decimals of a dollar but which look promising.

All of the coins you are in are looking very good but they have also mostly already gone up 20x or 30x or more their initial value.

So there is always the chance to go in and get a huge amount in some newer projects without having to put much money in and see how they do, the option is always there to trade out if need be at a latter date, but you may just hit the big time.

It's a risk/reward metric. The earlier you are the more uncertainty and risk but the bigger the potential payoff. Later with established projects you have much more confidence to put money in but less of chance to get the huge gains.
I will say though with crypto even coming in later you can still make huge gains as it's such a massively growing area , just not crazy gains like if you get in very early.

Depends also how obsessed you want to get with crypto and how much time you want invest.

Remember that most whales were not rich just early.
 
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I wouldn't say any of them are doing poorly. They are all solid coins and doing great with massive growth it's just the nature of crypto for the volatility which you have to get used to. But in the bigger scheme it's not really an issue.

It's also worth pursuing the strategy to put in a few hundred at least to a couple of early projects with low market cap where the price is very low in the decimals of a dollar but which look promising.

All of the coins you are in are looking very good but they have also already gone up 20x or 30x or more their initial value.

So there is always the chance to go in and get a huge amount of newer projects without having to put much money in and see how they do, the option is always there to trade out if need be at a latter date, but you may just hit the big time.

It's a risk/reward metric. The earlier you are the more uncertainty and risk but the bigger the potential payoff. Later with established projects you have much more confidence to put money in but less of chance to get the huge gains.

Depends also how obsessed you want to get with crypto and how much time you want invest.

Remember that most whales were not rich just early.
I know, I'm just not used to dips greater than 3%.

I will have to research a bit more then and look out for the new projects.

Thanks for the advice!
 
Would love a nice big ALGO pump to close out this week.

Currently ~50% ALGO 30% LINK 20% VET

bought more ALGO at .9 this was a nice little bump.

What would you say to treating ALGO like a savings account? It may not moon, but the %apy is so attractive. I can’t see it tanking well past $1.
Algo is great and I have high expectations for it but we will have to see. The Ada reward for staking can also be impressive if you have a decent amount in a good stakepool. It's nice to think for Algo this is a token that could well be worth $10-50 or more in a few years and you are getting a significant amount for free just for holding each day without having to have a very large amount in your wallet.

The yield in free algo is proportionate to how much you hold and accrues automatically. One tip worth knowing is that it does not compound automatically meaning that the amount of algo you get per cycle which is about every 10 minutes, is set as a proportion of your last recorded account balance on the ledger. This will be when you last did a transaction.

So in other words to maximize gain, you should set up 2 accounts and keep at least like 10 Algos in one of the accounts. Every so often you then send 1 Algo from one of your accounts to the other. You are keeping this second account just to be able to do a transaction and update the ledger.

It costs like 0.001 algos to do this transaction which is nothing. If you use the official wallet you can even 'send' 0 Algos to your other account. It will be recorded as a transaction and update the ledger and you will get a newly calculated yield that will be a bit higher depending on how much had accumulated in the account. They have designed it to enable this.

It's not really necessary to do this often as either way you still get algo coming in but its good to do from time to time to maximize the yield.

Some info on this is here.

https://algorand.foundation/faq

Edit: You don't even need a second account to do this as they have enabled for you to 'send' 0 algo to your own address if you use the official wallet and it will record a transaction and update the ledger.
 
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I wouldn't say any of them are doing poorly. They are all solid coins and doing great with massive growth it's just the nature of crypto for the volatility which you have to get used to. But in the bigger scheme it's not really an issue.

It's also worth pursuing the strategy to put in a few hundred at least to a couple of early projects with low market cap where the price is very low in the decimals of a dollar but which look promising.

All of the coins you are in are looking very good but they have also mostly already gone up 20x or 30x or more their initial value.

So there is always the chance to go in and get a huge amount in some newer projects without having to put much money in and see how they do, the option is always there to trade out if need be at a latter date, but you may just hit the big time.

It's a risk/reward metric. The earlier you are the more uncertainty and risk but the bigger the potential payoff. Later with established projects you have much more confidence to put money in but less of chance to get the huge gains.
I will say though with crypto even coming in later you can still make huge gains as it's such a massively growing area , just not crazy gains like if you get in very early.

Depends also how obsessed you want to get with crypto and how much time you want invest.

Remember that most whales were not rich just early.

Do you have any early ones you like? Thanks for all the insight! Also, don’t know if VET qualifies there or not
 
Do anyone have some good material explaining the whole defi ecosystem and how to make money off it
 
Do you have any early ones you like? Thanks for all the insight! Also, don’t know if VET qualifies there or not

Just found about a coin called Hoge. The price is $0.00000727.

$100 = 13,755,158.18 coins

If this gets to even $0.10 that's 1.3 million.
 
Bancor might pull an Aave. Low risk DCA hedge, with high return potential.
 
Just found about a coin called Hoge. The price is $0.00000727.

$100 = 13,755,158.18 coins

If this gets to even $0.10 that's 1.3 million.
So I looked that up and some guys on Reddit claimed once they bought hoge they somehow got some ETH stolen from their wallets. Very odd. It reads kind of like the “FUD” that the crypto vets have mentioned here. I have no idea how owning one type of token could lead to your other tokens being stolen from your wallet.
 
So I looked that up and some guys on Reddit claimed once they bought hoge they somehow got some ETH stolen from their wallets. Very odd. It reads kind of like the “FUD” that the crypto vets have mentioned here. I have no idea how owning one type of token could lead to your other tokens being stolen from your wallet.
Apparently it has autostaking or something like that. The number of coins you have just grows somehow.
 
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