OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
Bob talks, people listen (except for ETH.....hold for $25k+)!
Bingo - no commission trades completely changed the game.
:) I'll be happy as a clam if it gets there. Also not sure I'll be able to hold above 15k.
My plan is to hold until 2030 (when my daughter finished up HS). However, it will be tough to do so if some of these wild predictions happen.
Elastos is definitely interesting and probably one that I’ll prioritize along with BTC. Who exactly is the Elastos Foundation (EF) or Cyber Republic (CR)? A bunch of coders that got together? Also, and this may be a naive question, why don’t they start a company to launch the Elastos Super-Wallet? How do the members of EF and CR make money?
Cyber is an elected position. It's the DAO (decentralized autonomous organization) for Elastos. It consists of one of the founders, developers and various people active in the community, either on Twitter or Telegram. They vote on changes, proposals, etc.
Here's some quick highlights of the project
The project was started by Rong Chen who was one of the developers of Internet Explorer back in the 90's.
They have launched their web 3.0 project, Elastos Essentials on iOS & Android.
The project uses blockchain tech to decentralize data.
They're pioneering the DiD - decentralized ID.
The DAO holds over 1,000 BTC in reserves to fund development.
The project is merge-mined with Bitcoin to aid in securing the network.
Token-wise, there's only 28 million max circulation. For comparison BTC is 21 mill.
There's a ton of moving pieces here. And the project is actually aiming to solve the problem of the modern internet. Just have to wait and see if it gains traction...
Important upgrade for ETH going live tomorrow. ETH = always improving and staying ahead of the imitators!
cointelegraph.com
Ethereum 2.0 inches closer with the Beacon Chain’s Altair upgrade
The Altair upgrade later this month will be the first update to the Beacon Chain, marking the first preparatory move for the upcoming Merge.
cointelegraph.com
Unfort not. Domestically, only on Kucoin, which is a great exchange for getting alt coins with marginal fees.
I wouldnt recommend opening an account here unless you know what you're doing. There's a lot of steps involved in getting your account set up there.
For those who have seen the recent price action of Shibu Inu, I cannot stress this enough.... use caution! It's gone parabolic in the last month. If I had any $$$ in there I would be cashing out ASAP. Here's why. It's a scam. There's an endless supply of tokens. Endless. If one whale (original stake holders, early investors, etc.) sell, the rug will get pulled out on you in one candle. It hasnt happened yet, but it's coming.
For example an 8k investment last summer would be worth billions today. Yes, billions and pluralized.
So while it's all well and good to mess around with shitcoins, just don't be the one buying at the top of the market and losing any investment.
My stubborn fundamentals/tokenomics based crypto investment approach has caused me to have blinders on to some of the short term shit coin plays like this and Doge. If you're going to dabble in shitcoins. Be prepared to either lose everything, or be prepared to drop everything to get out and sell. There's money to be made for those watching all day, I dont have the patience for that though...
For example an 8k investment last summer would be worth billions today. Yes, billions and pluralized.
So while it's all well and good to mess around with shitcoins, just don't be the one buying at the top of the market and losing any investment.
My stubborn fundamentals/tokenomics based crypto investment approach has caused me to have blinders on to some of the short term shit coin plays like this and Doge. If you're going to dabble in shitcoins. Be prepared to either lose everything, or be prepared to drop everything to get out and sell. There's money to be made for those watching all day, I dont have the patience for that though...
Good advice. Stick to the coins with legit value and utility. Everything else is gambling!
For Shibu to hit a cent it will need a $4T Market cap. Roughly 4x of Bitcoin. People are idiots for thinking their 1000 investment will make them a millionaire
And most of this is fake money. The price is highly unstable so even if you had "millions of dollars" of Shibu tokens, trying to sell them would crash the price and likely the exchange itself.
Last edited:
The truth is, it's not gambling if you can get in early on a shit coin and know when to get out. It's free money, but.... you need to be in EARLY. I'm talking first hours of listing early.
It will never hit a cent. There's simply too many tokens in existence/ being created. Here's the thing, the idiots who put money in at the right time sadly have that potential if they can times things right.
Australia approves a spot etf. Gradually, then suddenly....
www.smh.com.au
Also love the irony that their SEC is called ASIC.
ASIC gives trading of Bitcoin, Ethereum ETFs green light
The corporate regulator has released guidelines and rules which could see a range of cryptocurrency-related investment funds trading on the ASX in coming months.
Also love the irony that their SEC is called ASIC.
Could not agree more. On a side note I read an article earlier in the week that stated a top restaurant in France now takes SHIB for payment. That blew my mind........
@bob-loblaw
What are your thoughts on Loopring? It runs on ethereum layer 2, much faster and no gas fees.
What are your thoughts on Loopring? It runs on ethereum layer 2, much faster and no gas fees.
I dont know enough about it. If I were putting $$ into a layer 2 "fix" on top of Ethereum, I'd probably go with Cartesi. Mind you, that's not coming from personal experience or research, just from crypto people I interact with. One person in my circle is always pounding his chest on Cartesi, probably similar to how I wont shut up about Elastos.
A lot of these announcements are for press. If I had a business I was looking to scale, I would be putting out releases announcing these sorts of things. The SEO value alone is priceless
Just a publicity stunt. The restaurant knows not a single person will use SHIB there but now people far and wide are talking about it including on a Rutgers football site are. Mission accomplished.
Keep your eyes on BMON. It's another play to earn blockchain game that seems to have an engaged user base. It's up about 50% the last couple of days. I grabbed a chunk the other day to hold for the next 6-12 mos. If it sees decent adoption and let's say it gets to half the market cap of Axie Infinity, it's a $30 token. Not bad considering its a $0.25 right now. Eventually the price to play Axie is going to get too high and people will move elsewhere. Play to earn is also a growing segment, so I expect we'll continued growth going forward. My two current plays in the space are BMON & ATLAS.
Currently back below the old ATH. Both BTC and ETH have been grappling with those ATH levels.
They will power through soon enough. I'm just trying to figure out why Galaxy Dig popped over 40% this week. I'm happy, but I couldn't find any news to explain the move. I even checked Reddit! :)
If SEC approves spot ETF and GBTC successfully converts to spot ETF, that should mean that the current 15% discount disappear, right?Australia approves a spot etf. Gradually, then suddenly....
ASIC gives trading of Bitcoin, Ethereum ETFs green light
The corporate regulator has released guidelines and rules which could see a range of cryptocurrency-related investment funds trading on the ASX in coming months.
Also love the irony that their SEC is called ASIC.
Yes, that seems to be the benefit of the ETF vs. Trust formats. The market price and NAV are normally much closer together for ETFs. As such, buying GBTC at a discount may be a good play.....if you think SEC approval is coming soon.
Since they just applied, approval likely won’t come until mid 2022, but should be a good buy when we are there.
Just buy the asset. You can buy as little or as much as you'd like from exchanges.
If BTC closes the month at 63k, straight insanity is about to ensue. Even at its current price of 61.5k. This guy's model is damn near spot on thus far.
www.independent.co.uk
Bitcoin price prediction model is ‘amazingly accurate’ – and suggests it will rise
PlanB’s crypto forecasts for August and September were off by less than a third of a per cent
www.independent.co.uk
You know that I moved from GBTC to BTC on Coinbase, but Grayscale options do have an important place in the crypto market. My ETH is still 100% ETHE, which has performed exceptionally well vs. NAV.
All signs point to a significantly higher move. We shall see! :)If BTC closes the month at 63k, straight insanity is about to ensue. Even at its current price of 61.5k. This guy's model is damn near spot on thus far.
Bitcoin price prediction model is ‘amazingly accurate’ – and suggests it will rise
PlanB’s crypto forecasts for August and September were off by less than a third of a per cent
Theyre huge. When spot ETF's get approved, their buying volume will equate to 50% of all new coins being mined after the next halving. So in essence in 2024, we could be looking at an indirect double halving, crushing supply.
Low supply, high demand! I like that. 😁
Just hoping for a modest dip/pause to buy a little more. FYI, ADA has been very soft over the past month.
The ADA fanboys are spooked right now. The magical Sept run they all predicted never happened.
Someone should make an NFT of Wimsatt’s first collegiate play. Might be worth something someday.
I don't know what to make of Cardano. Great vision, but I don't think they have the developer firepower to make it happen (or it will take too long). I bought a modest amount at $1.30'ish, but haven't pulled the trigger on more.
ETH is so far ahead and they have the most resources and largest development team of any blockchain. Can't see Cardano ever catching up.
