Cryptocurrency megathread V2 - Gas Fees Galore

[jojoRed]

Watch this thread die as soon as this bubble bursts.

Thats when everyone should be excited, when everything is on sale.

 

[MilesAbove]

Watch this thread die as soon as this bubble bursts.

Thats when everyone should be excited, when everything is on sale.

I was gonna say, that's the part I'm looking forward to. You can't avoid the cycle into the bubble burst. But it's gonna be a great time for someone like me who is in for a 2030-2040 exit depending on market positions.

 

[Mr Mojo Lane]

Crypto always drops on the weekend

Maybe it's bc the smart money ain't trading on the weekends

 

[Rdude92]

I'm willing to invest a significant percent of my savings in crypto, like 1/4
This is because I know the industry is legit and is going to grow, don't let anyone say otherwise the financial institutions are already preparing.
And there are still chances to go big on some good projects.

ADA has already made some millionaires.
If you were lucky enough to put just $10,000 in a year ago, it would be worth more than a quarter of a million today. And by another year or few months even, that could easily become half a million dollars.

That is insane growth and there is literally no other industry or area of investing that can come close to these gains. To miss the boat on these kind of opportunities would be unforgivable once you know about them and the potential.
Reward seriously outweighs risk most of the time if you do your research and put into the right project at the right time.

Only 1/4? I'm balls deep with 85% of my savings into crypto. I basically treat it as my bank

 

[Rdude92]

Watch this thread die as soon as this bubble bursts.

Thats when everyone should be excited, when everything is on sale.

They've been saying that since the last 10 years. Let's see where you at with your confidence though. Are you ready to put money to bet against us

 

[rj144]

Watch this thread die as soon as this bubble bursts.

Thats when everyone should be excited, when everything is on sale.

I could be wrong, because nothing is known with crypto, but I don't think it's going to completely burst like last time. Maybe go down by 40 to 50%. But it'll come back.

 

[jojoRed]

They've been saying that since the last 10 years. Let's see where you at with your confidence though. Are you ready to put money to bet against us

I accumulated during the halving. I accumulate when the prices regress to the mean.

But yeah Ill bet against yall buying in now. As soon as it goes down 65%, and the panic selling happens, thats when Ill buying.

 

[Rdude92]

I accumulated during the halving. I accumulate when the prices regress to the mean.

But yeah Ill bet against yall buying in now. As soon as it goes down 65%, and the panic selling happens, thats when Ill buying.

I'm not new in this space. I've been in crypto since the last 2 years. It's when it's boring where you make the most money

 

[TheMaster]

What would you say are the top 5 to hold in the next 5 years? I plan to put 5k in crypto. No BTC for me though.

As others have said do your research as it's part of the process then you can decide.
I will say though that sometimes you need to act sooner than you would like in terms of info,since prices can go up to new support levels then you may not be able to get as much.

It also depends what is the strategy, is it mostly a HODL strategy where you don't want to have to think about crypto just put in and be willing to wait for a few years and just keep an eye on things from time to time for big fluctuations?

Like if you have 5k and you don't know much then putting at least 1k in Bitcoin isn't a bad idea as it will definitely grow so you have a very sure bet there.

For others as mentioned in addition to Algorand, ADA is also looking very good definitely an opportunity for big money growth there although the chance for crazy money is gone since the price already went up 40x from a year ago.
You need to get that soon since they have a major update due by end of the month and price will likely go up again.

My pick to go in the most though would be VeChain.
Price is still very low at 5 cents to be able to accumulate a large amount and they are very undervalued right now with huge growth potential and real world applications, partnerships in the motor industry like with BMW etc.
So there is a good chance with them in the long haul to multiply manyfold as the valuation will almost certainly increase by a ton.

Make sure you stake all of them in your wallet as well since they generate interest as they use a proof of stake protocol, unlike Bitcoin.

Only 1/4? I'm balls deep with 85% of my savings into crypto. I basically treat it as my bank

Yeah, I know some people like that but until crypto gets as widely accepted as Fiat money you still have to convert it back for use in real life eventually.
I would say I'm knee deep in which is enough, 85% I would say you're pretty much neck deep.

It is ultimately a new industry so between regulations and other variables it's something to get into for sure in a big way, but not just put your entire life savings in in my view.

I also don't want to become obsessed with it or with money in general and I've noticed if more goes in it become more of a preoccupation, so thats around the right percent for me but yeah you could put in more.

 

[Woldog]

As others have said do your research as it's part of the process then you can decide.
I will say though that sometimes you need to act sooner than you would like in terms of info,since prices can go up to new support levels then you may not be able to get as much.

It also depends what is the strategy, is it mostly a HODL strategy where you don't want to have to think about crypto just put in and be willing to wait for a few years and just keep an eye on things from time to time for big fluctuations?

Like if you have 5k and you don't know much then putting at least 1k in Bitcoin isn't a bad idea as it will definitely grow so you have a very sure bet there.

For others as mentioned in addition to Algorand, ADA is also looking very good definitely an opportunity for big money growth there although the chance for crazy money is gone since the price already went up 40x from a year ago.
You need to get that soon since they have a major update due by end of the month and price will likely go up again.

My pick to go in the most though would be VeChain.
Price is still very low at 5 cents to be able to accumulate a large amount and they are very undervalued right now with huge growth potential and real world applications, partnerships in the motor industry like with BMW etc.
So there is a good chance with them in the long haul to multiply manyfold as the valuation will almost certainly increase by a ton.

Make sure you stake all of them in your wallet as well since they generate interest as they use a proof of stake protocol, unlike Bitcoin.



Yeah, I know some people like that but until crypto gets as widely accepted as Fiat money you still have to convert it back for use in real life eventually. It is also ultimately a new industry so between regulations and other variables it's something to get into for sure in a big way, but not just put your entire life savings in in my view.

I also don't want to become obsessed with it or with money in general and I've noticed if more goes in it become more of a preoccupation, so thats around the right percent for me but yeah you could put in more.

VeChain has also partnered with french car manufacturer Renault.

 

[Rdude92]

VeChain has also partnered with french car manufacturer Renault.

I went out of VeChain just yesterday, after a year of it sitting there with the price not moving much, I traded it for UNI & it did better there. Maybe I'll go back to VET once I see something

 

[SSgt Dickweed]

Bought DOGE when it was high and when it dropped, traded it for ADA/XLM because they seemed like better long term holds. DOGE seems like something chart nerds use to make quick cash grabs, Idk if there is any substantial use for it.

I went out of VeChain just yesterday, after a year of it sitting there with the price not moving much, I traded it for UNI & it did better there. Maybe I'll go back to VET once I see something

Seems like a lot of ALTCoin investor/speculators are really trading lagging coins for those with strong "fundamentals" or those that have some momentum going on. I think it used to be that ALT's were traded in for BTC but now they're swapped across the board according to sentiment.

The red's and green's are nuts. https://coinmarketcap.com/

 

[TheMaster]

I went out of VeChain just yesterday, after a year of it sitting there with the price not moving much, I traded it for UNI & it did better there. Maybe I'll go back to VET once I see something

The value of VeChain has gone up by almost 700% in the last year,and about 100% in just the past month. It was trading at 0.0025 cents last March and is now about 0.054 cents. Thats like a 22x increment which is HUGE.

That means if you had put in $10k to VeChain a year ago it would be worth around $215,000 today.
It's still only a fraction of what it will be though.

Bitcoin for comparison has gone up 12x from around 5k a year ago to 60k now.

I think people forget to calculate by seeing how much something is worth in proportion to total supply.


Since this seems to be a basic error people keep making even though they may have been in this a while I will repeat it here to convert value based on 'bitcoin supply levels' which is around 20,000,000 (actually a bit less with lost coins).

1 Bitcoin is currently $60,000 out of 20,000,000 total supply.

VeChain is currently trading at $0.054 out of 86,000,000,000 total supply.

So 86 billion/20 million is 4300.

So to convert multiply the value of Vechain by 4300 to see how much it would be worth if there were only 20 million like Bitcoin.

We get currently $232.2 per VeChain (0.054 x 4300) if there were only as many as there are Bitcoins, up from $10.75 (0.0025 x 4300) what it was a year ago.

Same basic formula if you want to covert any coin to compare directly with Bitcoin.

For Chainlink it is total supply 1 billion so to convert it is 1,000,000,000/20,000,000 = 50.

So at $32.5 currently if we x 50 to covert it is around $1625 per Link if supply was same as Bitcoin, up about 10x it's value last year.

 

[Rob Battisti]

Researching now.

Sherdog made me money during the pandemic and I bet it can make me money with Crypto

 

[Rob Battisti]

So I’m seeing not every platform allows you to buy every crypto.

If I wanted to purchase, let’s say, VeChain, ALGO and ChainLink which platform would be the best to do so?

 

[Henry Swanson]

So I’m seeing not every platform allows you to buy every crypto.

If I wanted to purchase, let’s say, VeChain, ALGO and ChainLink which platform would be the best to do so?

You can get algo and chainlink on coinbase. Not Vechain though.

 

[Rdude92]

So I’m seeing not every platform allows you to buy every crypto.

If I wanted to purchase, let’s say, VeChain, ALGO and ChainLink which platform would be the best to do so?

Try Voyager

 

[Rdude92]

The value of VeChain has gone up by almost 700% in the last year,and about 100% in just the past month. It was trading at 0.0025 cents last March and is now about 0.054 cents. Thats like a 22x increment which is HUGE.

That means if you had put in $10k to VeChain a year ago it would be worth around $215,000 today.
It's still only a fraction of what it will be though.

Bitcoin for comparison has gone up 12x from around 5k a year ago to 60k now.

I think people forget to calculate by seeing how much something is worth in proportion to total supply.


Since this seems to be a basic error people keep making even though they may have been in this a while I will repeat it here to convert value based on 'bitcoin supply levels' which is around 20,000,000 (actually a bit less with lost coins).

1 Bitcoin is currently $60,000 out of 20,000,000 total supply.

VeChain is currently trading at $0.054 out of 86,000,000,000 total supply.

So 86 billion/20 million is 4300.

So to convert multiply the value of Vechain by 4300 to see how much it would be worth if there were only 20 million like Bitcoin.

We get currently $232.2 per VeChain (0.054 x 4300) if there were only as many as there are Bitcoins, up from $10.75 (0.0025 x 4300) what it was a year ago.

Same basic formula if you want to covert any coin to compare directly with Bitcoin.

For Chainlink it is total supply 1 billion so to convert it is 1,000,000,000/20,000,000 = 50.

So at $32.5 currently if we x 50 to covert it is around $1625 per Link if supply was same as Bitcoin, up about 10x it's value last year.

The market makes the traders. Because of the high volatility most traders in the crypto space have very low patience, they go in & out of a coin if they don't see much movement. For Me, I have some coins where I would never touch them like Eth, btc & ADA..and others I would trade in a whim if I feel there's greener pastures elsewhere like VET, xrp

 

[SSgt Dickweed]

So I’m seeing not every platform allows you to buy every crypto.

If I wanted to purchase, let’s say, VeChain, ALGO and ChainLink which platform would be the best to do so?

Idk about ALGO but you can cash in via fiat/BTC/XRP/USDT on Binance and direct convert them to VeChain and ChainLink.

 

[TheMaster]

The market makes the traders. Because of the high volatility most traders in the crypto space have very low patience, they go in & out of a coin if they don't see much movement. For Me, I have some coins where I would never touch them like Eth, btc & ADA..and others I would trade in a whim if I feel there's greener pastures elsewhere like VET, xrp

Doesn't make sense that you include VeChain in that group though since it has outpaced both Btc and Eth in growth value this past year, only ADA has had crazy bigger gains.

Cost is also proportionally alot lower than ADA currently so possible to get a very large amount, this situation probably won't exist for that long though before the price keeps going up.

It's a very solid investment that has already show massive increase this year and will very likely show even bigger gains in the coming years.