Pretty rough is putting it mildly...
OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
This is the niche that XRP is looking to excel at.
For those that are not familiar with XRP here is some basic information about history, real world applications, functionality etc......
https://coins.ph/blog/xrp-explained-technology-use-cases-and-how-to-invest-smarter/
- 💱 Bridge Currency: XRP serves as a bridge currency, simplifying the conversion process between different fiat currencies, making cross-border transactions faster and more cost-effective.
For those that are not familiar with XRP here is some basic information about history, real world applications, functionality etc......
https://coins.ph/blog/xrp-explained-technology-use-cases-and-how-to-invest-smarter/
Trump is either hacked or dropped a memecoin on Solana the weekend of his inauguration. Not sure which is the more entertaining outcome
gettrumpmemes.com
The Official Trump Meme | GetTrumpMemes
Join the Trump Community. Own a Piece of Trump. This is History in the Making!
gettrumpmemes.com
Shouldn't there be an inauguration coin? :)Trump is either hacked or dropped a memecoin on Solana the weekend of his inauguration. Not sure which is the more entertaining outcome
The Official Trump Meme | GetTrumpMemes
Join the Trump Community. Own a Piece of Trump. This is History in the Making!
Lots of buzz on Trump's day one exec orders for crypto.
Coin appears to be legit. The president has spoken, Solana is the chain.
Feels like SOL is going to blow the f up. Eric Trump is pumping SUI now, so that one will likely be a winner. Staying focused - BTC, SOL, ETH, SUI, BONK. Do you think if BONK pumps, perhaps convert it to SOL and let it ride?
In other news:
The nation's largest crypto exchange, Coinbase, endorsed the idea of a U.S. bitcoin strategic reserve Friday, part of a wide-ranging blog post on "economic freedom" from CEO Brian Armstrong, shared in advance exclusively with Axios.
Why it matters: Armstrong has emerged as the unofficial spokesperson for the industry in Washington, taking a confrontational approach with its chief regulator that others have emulated.
- This is the first time Coinbase has specifically addressed the idea of a strategic bitcoin reserve, doing so just before the second inauguration of Donald Trump and Armstrong's trip to the World Economic Forum.
- It was a leading funder of Fairshake, the collection of political action committees that played such a big role in Congressional elections.
- It also backs an advocacy organization called Stand With Crypto, which claims to have organized over two million people to support the industry.
- "Economic growth comes from free market capitalism, deregulation, small government, and technological innovation," he wrote. "If the rest of the G20 wishes to participate in economic prosperity, they would be wise to join the growing trend of embracing economic freedom and free markets."
- Second, to establish strategic bitcoin reserves. "The next global arms race will be in the digital economy, not space," he writes.
- Third, establish special economic zones for the digital asset economy. Another concept we've heard discussed toward this end is regulatory sandboxes.
- Finally, make governments more efficient. He specifically cites the effort of the Department of Government Efficiency (DOGE), which has a name that references Elon Musk's favorite cryptocurrency.
A focus on Washington
Meanwhile, with Trump's embrace of crypto and more supporters in Congress, Coinbase and others are thinking now about real priorities for the industry in D.C.- "As a company, we've always been focused about how the crypto markets are as clear as possible. So the rules around market structure as they relate to the CFTC and SEC have always been paramount to us," Faryar Shirzad, the company's policy chief, tells Axios.
- A bill along these lines reached the Senate last year, one of the first digital assets bills to even get a vote in a Congressional chamber.
- As to the specifics of how a strategic bitcoin reserve should be organized — the nation could simply opt hold onto what it already has, or begin buying bitcoin to be held by the Treasury — the company is leaving those details to policymakers for now, according to Shirzad.
- Trump seemed highly engaged and interested in the discussions, though the specific points they covered were not known.
Bonk is still a 10B coin imo. Converting to sol wont kill you, but its a runner for me.
Got it, that's a lot of room for a rally. The BONK reddit sub is growing pretty quickly. Good sign for the community.
Crypto people use discord. Holder count is the one to watch
@Rutgers Chris, do you invest/trade and crypto related stocks like Micrstrategy, DEFTF or CYFRF? The latter is booming since its SOL related.
I do not. I did however buy $trump when I posted last night and now have no idea how to play it
What is the new Trump coin? There are a bunch of them. I see a few available on Coinbase via the COIN Wallet.
I assume this is why SOL is blowing its top.
Absolutely why sol is ripping. I don’t think it’s on Coinbase yet. $10b in volume in 12 hours without an exchange listing is insane.
Address for verification:
6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN
I bought Bonk earlier to take a journey on that…couldn’t find the Trump coin and where to buy
Just bought $5k
Just bought $5k
Couldn’t find it so didn’t buy. Ended up buying Bonk earlier instead
Time to take the leap of self custody and fire up a phantom wallet. You’ll love some of the trading that you can do with it.
This apparently is an easy way to buy. No experience using it, but it’s now one of the most downloaded apps in the App Store
I think it is available via the COIN wallet since it is a SOL-based token. That's a half-ass way to self custody! By the way, SHDW cratered likely due to Trump's meme sucking up the action. Maybe that is ripe for a trade?
I find it funny that people are still using the word investing here 😀. Hope you guys kill it and time it right.
I think I’m pretty practical about it. I had a friend text today saying “I love that we took financial investing and future planning and basically made it blackjack.” My reply was “You've got it backwards. We've taken gambling and called it financial investing.”
I think I’m done with shdw. Still have some tokens vesting over the course of the year that I’ll hold, but I’m not going to buy any more
Probably a wise POV. In other news, it is looking very likely that ETH will get the first ETF with staking rewards (i.e., quasi-dividends). This would be huge. One of the reasons why I am holding onto my ETH (which I reduced a bit last year to increase my BTC and SOL positions).
I’m one of the last people that believes buying crypto is a safe and rational investment. I agree that buying crypto meets the definition of an investment. But it’s 100% gambling as it’s not based on any financial metric that can be analyzed. Do I like it? No! Do i think it’s a safe investment? No! Do I own it? Yes! Why? Because I’m “gambling” that someone will pay me more than what I paid. I’m “gambling” that there are lot of people that hope to get rich quick and that there will be more buyers than sellers. To protect my investment, I have sold and taken gains with the goal of playing with house money…… I am almost at that point. I don’t plan on adding. My purchases were all made on one day last January when the ETFs came out. I “gambled”, and I thought it was a safe gamble that the ETFs would benefit the buy/sell ratio and drive the price up. Will the imbalance continue? I don’t have a clue. But if does, great. If it doesn’t, no big deal, as it’s house money that I would be losing.
I totally hear you. I research plenty of “projects” - most of this stuff is a joke and little more than a pump and dump. But I’ve dabbled a bit just to make a few bucks. You can see some interesting gambling trends in society starting with the “predictions” market. How the “predictions” market has been able to avoid being labeled gambling like DraftKings is shocking to me. My kid has high school friends that will bet on almost anything on Polymarket.
Polymarket is illegal in the US. It was labeled a derivatives market, so it’s essentially been categorized as gambling already.
The ETF launch was the biggest signal there ever was that regulatory change was coming. I’ve been playing with house money for quite some time at this point. Trumps memecoin just made that permanent
I honestly think BTC is a legit investment. As for alts and memes. Well, you are probably right. :)
Question is: Who will be the next great future enterpriser? Who will be that next Ross Ulbricht!?!
Gen X rules. Boomers drool!
J/K but I am an Xer albeit an older one. And ‘Future Enterprisers’ was THE high-school club to be in when applying to Princeton in the 80’s!
Wouldn't it be a good idea to spread out the coin launches? Maybe they need to be released before he takes office, but overwise, let the coins breathe a bit. LOL!
A good idea would be to not launch any. Second best idea would be not to launch a second. Beyond that, it’s all bad ideas. Her coin has none of the safeguards that his had. Much more grift.
