Cryptocurrency megathread V2 - Gas Fees Galore

[Henry Swanson]

Damn!!!!
Thanks bro.

 

[ziggs]

Lately it seems like theres youtube crypto channels popping up everywhere sayin whatever coin theyre pushing is goin to the moon...something seems a bit weird

 

[Henry Swanson]

Lately it seems like theres youtube crypto channels popping up everywhere sayin whatever coin theyre pushing is goin to the moon...something seems a bit weird

Reddit is like that. Go to any r/tokenname and you’ll have fanatics claiming the coins is going to moon.

 

[Rob Battisti]

Where to put the stim money?

1. ALGO
2. BTC
3. ETH
4. VET
5. LINK
6. Another ALT coin (please specify)
7. Gold
8. Silver
9. The Bank
10. Some crumby stonk

 

[Strychnine]

Where to put the stim money?

1. ALGO
2. BTC
3. ETH
4. VET
5. LINK
6. Another ALT coin (please specify)
7. Gold
8. Silver
9. The Bank
10. Some crumby stonk

I hope I get to mine before my wife does!

 

[hohner]

Everyone should put their life savings in dogecoin imo

 

[hohner]

If you had invested your stimulus money in dogecoin by now you would have one very good boy.

 

[Rdude92]

That guy is crazy. I leave at least 1k in the bank for emergency hookers

 

[TheMaster]

Never forget, at one time, every coin was a low cap shitcoin!

High
Medium
Low

What’s your risk tolerance?

Not quite true
Algo launched with alot of hype due to the strength of the team and the project and came in at $3 before falling to a low of about $0.15 cents a year ago and now its trading at just over a dollar so is one of the rarer projects where it's still only like 6x it's all time low so there is chance to get an early price on what's a sure fire big project .

Do you have any early ones you like? Thanks for all the insight! Also, don’t know if VET qualifies there or not

I don't really want to say on these really speculative alts since its mainly just a guess at this point. You can do your research and if something seems like it has potential then it may be worth it due to the sheer amount of returns you could get. Just be realistic on what the market cap could likely reach.

For VET it's about 30x it's all time low but still can be considered an earlyish price.
Once it gets very established and the price hits a dollar there will be people paying $50k to get the same number of VET tokens so it's a opportune time still.

 

[SwamiLeoni]

Not quite true
Algo launched with alot of hype due to the strength of the team and the project and came in at $3 before falling to a low of about $0.15 cents a year ago and now its trading at just over a dollar so is one of the rarer projects where it's still only like 6x it's all time low so there is chance to get an early price on what's a sure fire big project .

Lol well yea, more than one coin has launched into an absurd price only to fall back down into shitcoin land. Algo dropped significantly the following days after its ATH. My point was, it takes time for coins to mature so not looking at smaller cap projects would be a mistake. Every coin has been in shitcoin tier status, including BTC and ETH.

 

[MilesAbove]

I just want you all to know I'm angry at all of you for not calling out my bad math earlier. Honest mistake cuz I was just plugging too many numbers for US+Polish tax season... but someone should have caught it anyway. Shame on all of you.

 

[HeffDoesWant]

$1200 + $600 Stimulus Checks are now worth: $10,253
($1400 coming soon)

When will the 1,400 hit accounts?

 

[Hog-train]

Sort of relevant to some of the guys here but gold has been going down the last few weeks.

They just found another shitton of gold in some mine somewhere. Gold is valuable because it's relatively rare.

Silver is actually much more rare.

 

[MilesAbove]

They just found another shitton of gold in some mine somewhere. Gold is valuable because it's relatively rare.

Silver is actually much more rare.

That's not exactly it. Gold is worth so much because it was considered both highly-predictably rare while also having use cases. Silver has less uses, which is why despite its relatively rarity, it hasn't exploded in value... yet.

But I'm more a silver guy than a gold guy tbh. And the mine you mentioned was a mountain.... of gold.... in the Congo.

 

[Hog-train]

That's not exactly it. Gold is worth so much because it was considered both highly-predictably rare while also having use cases. Silver has less uses, which is why despite its relatively rarity, it hasn't exploded in value... yet.

But I'm more a silver guy than a gold guy tbh. And the mine you mentioned was a mountain.... of gold.... in the Congo.

SIlver's price is also being artificially kept down.

Regardless, I'd rather have BTC over gold and silver.

 

[meauneau]

2017. Did well during the bear market though with Chainlink thankfully.

Edit; I was largely broke and had 0 idea about bitcoin and crypto before, self educated in the subject now. Hence why I don't believe in diversifying too much. Once you've identified the winners, it's too risky to gamble on lowcap shitcoins.

You were a normie once lol

 

[HeffDoesWant]

That's not exactly it. Gold is worth so much because it was considered both highly-predictably rare while also having use cases. Silver has less uses, which is why despite its relatively rarity, it hasn't exploded in value... yet.

But I'm more a silver guy than a gold guy tbh. And the mine you mentioned was a mountain.... of gold.... in the Congo.

90% of the uses for gold are being pretty and being rare.
Still, its much more useful than bitcoin.

 

[MilesAbove]

90% of the uses for gold are being pretty and being rare.
Still, its much more useful than bitcoin.

It's actually ~50%, while ~40% is for electronics.

 

[m25105]

You were a normie once lol

Difference between a normie stuck in his normie ways, and someone that can move past it, is to sit down and read all the papers and understand the subject. This is why my belief in Chainlink is iron.

For example "Where can I buy X token?" after someone shills it is to me a sign of a normie. Why? Because instead of just copy pasting the name of the token, and put it in coingecko, and then see which exchanges has it, they instead ask about it. Or going dot hunting yourself through twitter accounts to verify who follows who, same can be done on linkedin, and to be able to filter between scams on /biz/ and actual quality threads. /biz/ is a goldmine of information if you know how to navigate through it.

 

[m25105]

I'm not sure why you would be unwilling to share information on something? I don't understand why people are secretive about their crypto investments, the more people who know the better the chance you have of making money.

And what if it doesn't work out?