Solana keeps crashing. Nice hype, but not primetime ready yet.JP Morgan all over news that is 3-4 months old...
JPMorgan Says Ethereum Is Losing NFT Market Share to Solana
The bank cites Ethereum's high transaction fees and congestion.www.coindesk.com
Yes, both ADA and SOL long-term, but neither is overtaking ETH anything soon. Which isn't a big deal. There is plenty of room for several successful smart contract blockchains. I would equal weight ADA and SOL since you don't know which one will develop quicker.
I was minting an NFT on OpenSea last week. ETH’s gas fees were twice what the NfT costs. It’s pushing people to SOL, as evidenced by the article here. As noted SOL has its issues too, but there’s so much room for them to grow.
I’m a hodler- and I’ve lost a lot of money in crypto over last two months. I’m about to sleep & am concerned.
I was just commenting on the overnight hours, not being concerned in general. I'm concerned as well after the last 2 months. I also think the crypto market will be weak for a while longer.
I do. Its got great utility and it will be a player.
It has nothing to do with not being prime time ready. Look at the chart. Nothing goes up forever. It went on an absolute tear. A retrace was always going to happen. It always does
No, sorry. I didn't mean price crash. I meant that actual blockchain crashing. It has happened 4 times since last summer. They are still working on some tech issues.
Oh yes. That has been an issue. It'll get resolved. Lots of crypto projects go through growing pains and Solana isn't as decentralized but it's getting there.
Welcome to the crypto market. Grow-up, it was an observation, not opinion. 28% drop in 4 days isn't uncommon, nor is the reserve.
Well, did you notice my posts in the stock/investments thread? I moved a bunch of my crypto profit 2 weeks ago to my new stock account. So.....
Yes, very good timing, but 100% luck. I have been waiting for a while to dump my ETHE (Grayscale ETH Trust) and move my ETH position to Coinbase. I waited for the beginning of the year to push off my capital gain taxes. Obviously, I am taking advantage of the dip and rebuilding slowly.
You have everything in reverse. The broader market is taking down the crypto market. Look what has happened since the Fed announced their new hawk'ish position.
Absolutely. And don't forget to investigate those thugs who put a gun to the head of people and forced them to buy these so called investments. Have fun. $$$$
Feel free to believe this propaganda, but the crypto market has not recovered from the last overnight whale sell-off fiasco and the Russia crack-down is probably the biggest factor at the moment. A crypto ban in Russia would be devastating, especially given China’s and India’s stances.
Yes, I believe the facts. What has been BTCs calling over the past year, especially to institutions? Fed printing, dollars will be worthless, hedge with BTC. When the Fed starts to say no more free money, it has an impact. And as BTC goes, so goes the crypto market. Just common sense.
The reason organizations such as the FTC and SEC exist is because people are inherently stupid and easy targets for fraudulent schemes. Making a bad investment decision based on good info aligns with your “gun to the head” argument. However, making a bad investment decision based on false or misleading info is an entirely different story.
You seem to forget that BTC is apparently a “store of value” and, therefore, your argument goes right out the window. And to prove it, go look at the 1-month, 3-month, 6-month chart on gold and the gold miners. If anything, BTC should be a flight to safety when the broader market is tanking. Why do you think gold is holding up well?! You can’t have your BTC “store of value” cake and eat it to.
You are confusing asset classes. Gold and “digital gold” are not the same as stocks. Like I said, pull up a gold chart and then consider the BTC “digital gold” nonsense. The BTC narrative goes whichever way the wind blows. The reason gold has remained relatively stable is because in a down market there is always a flight to safety. If BTC truly was digital gold like the pumpers would have you believe we wouldn’t see these wild fluctuations.
