Latin America gonna go big on the Shib.
Cryptocurrency mega-thread
- Thread starter DapperJong
- Start date
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Going nuts the last hour
Warren Buffett’s Berkshire Hathaway Invests $500 Million In Digital Bank That Works with Bitcoin
Vocal Bitcoin hater Warren Buffett invests in a digital bank that offers a Bitcoin ETF to its clients
Things are changing
Times are changing.
Geez, I wake up and BTC is nearly back to 37k overnight! The El Salvador news definitely having an impact now. It outperformed all major alts by a fair way too.
Finally had volume overnight
- Jun 14, 2013
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BTC dominance broke to the upside out of a falling wedge.
The El Salvador news is probably the most bullish adoption news for BTC I've seen. Far bigger than Elon.
Meme coins have dropped off considerably since they got dumped on and utterly wrecked.
There's very little talk of them in any of the platforms I follow compared to pre the last crash.
Yep, have seen a major shift to people being bullish on the fundamentals of legitimate projects now, which is great for the space. Solana is getting massively talked up on TikTok this week, where normally memecoins are the rage.
So many other countries are wanting to get in on the action too, Tonga looks like it could be next. This is the type of legitimacy the space needs so that Tweets from influencers like Elon no longer have an impact.
Solana will be a top 5 coin by the end of the year easy. And top 3 coin within 2 years
Haven’t got in it yet, but it’s absolutely the next coin i will be investing in. Love the platform they are building and I think it can coexist alongside Ethereum.
Would have to be due to the parachain auction on Polkadot coming up this month. DOT is starting to perform better as a result too, good time to be in both.
Nah, it's due to KSM just running their parachain auction.
Everything goes through KSM now before it gets to DOT.
That's what KSM is, DOTs testing platform.
Good lead going forward for how DOTs might go in the future though.
Oh ok, so if this goes well then it bodes well for DOT? Why is the KSM price about 10 times that of DOT if it is only the testing platform?
Yeah cool, I understand how market caps work. The price of KSM is hugely inflated if it is just a testing platform for DOT, so I’m just trying to understand the differences between each.
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Norm Smith Medallist
- Jul 30, 2009
- 9,119
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What wallets are people using?
thedreadpirateroberts
Debutant
- Mar 19, 2021
- 98
- 142
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plain black leather one
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Norm Smith Medallist
- Jul 30, 2009
- 9,119
- 14,370
- AFL Club
- Fremantle
I knew you'd be into leather.
Are you referring to hard wallets or exchanges?
Does anyone else on here use BlockFi/Nexo/Celcius to accumulate interest on their BTC/ETH holdings? I am using Nexo for now and love that it deposits the interest daily; currently earning 7% on my BTC and ETH as I am receiving the interest as Nexo tokens (which has actually seen a good rise over the last couple of days).
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Norm Smith Medallist
- Jul 30, 2009
- 9,119
- 14,370
- AFL Club
- Fremantle
Both hard wallets and soft wallets. I assume nobody is keeping their money on exchanges for any serious length of time.
I’ll be keeping mine on exchanges until the true bear market is here. However, this isn’t 2016 anymore, the security on exchanges these days is using similar tech to those for soft/hard wallets. A lot are also insured now in case of a hack. Keep to the big exchanges and you’ll be fine.
Shupe
Brownlow Medallist
- Jun 21, 2011
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I'm not sure you fully understand then...
A quick search shows there's a total supply of around 1 billion DOT tokens. There's a total supply of 10 million KSM tokens. Hence the difference in token value.
Looking at the price of a token tells you absolutely nothing if you're not accounting for MC and supply.
