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Cryptocurrency mega-thread

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I just put more fiat in.

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Ron said:
N00b move.
All in on Shib is clearly the way to go.
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It’s horrendous out there. I follow fb crypto groups and it’s insane.

The shit people do.

But in all seriousness I’ve decided 60% doge and now looking for the coin that has gone up 283,000% and trending .. 40% in to that.
 
HirdyLannister said:
I wonder if the whales are going to short BTC to 25k or it's all a rubbish.

Will it get hit tonight or soon again

Sent from my CPH1607 using Tapatalk
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There's no point thinking about 25k unless we have a daily close below 30k. We're ranging for now.

Ignore the rumors. They're bullshit.
 
Altcoins aren't long term investments. Take a look at some charts and see for yourself.

Cardano hit $1.40 in 2018, and you could buy it for under $0.02 last year.

If you weren't interested in buying at 2c, ask yourself why you think it's worth $2 a year later. Some of you trade with the skill of moths being drawn to the light.
 

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Evolved1 said:
Altcoins aren't long term investments. Take a look at some charts and see for yourself.

Cardano hit $1.40 in 2018, and you could buy it for under $0.02 last year.

If you weren't interested in buying at 2c, ask yourself why you think it's worth $2 a year later. Some of you trade with the skill of moths being drawn to the light.
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ETH is not an altcoin, nor is ADA. Both are just different platforms than BTC, it doesn’t make them any less credible and I don’t get why anything that isn’t BTC is an altcoin. Both are still very early in their development and BTC has about 6 years on both. ETH will eventually takeover from BTC in the next 5-10 years and take the number one mantle.
 
Evolved1 said:
Altcoins aren't long term investments. Take a look at some charts and see for yourself.

Cardano hit $1.40 in 2018, and you could buy it for under $0.02 last year.

If you weren't interested in buying at 2c, ask yourself why you think it's worth $2 a year later. Some of you trade with the skill of moths being drawn to the light.
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"long term" can be subjective though.

To one person long term could be 6 months others it's the length of a run.

Ideally yes alt coins are there to sell the profit to put into BTC.

Some people also hold longer term for staking purposes.
 
BACCS said:
ETH is not an altcoin, nor is ADA. Both are just different platforms than BTC, it doesn’t make them any less credible and I don’t get why anything that isn’t BTC is an altcoin. Both are still very early in their development and BTC has about 6 years on both. ETH will eventually takeover from BTC in the next 5-10 years and take the number one mantle.
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The ecosystem only has value because of bitcoin, and bull/bear markets are centered around bitcoin halvings and prices. Bitcoin isn't a platform. Its value lies elsewhere. Some people like bitcoin because it's decentralised and secure. When the SEC went after ripple, it was easy for them. There's no CEO of bitcoin to sue.

Do you really think cardano was worth $1.40 in 2017, $0.02 in 2020, and $2.50 last week?

XRP briefly overtook ETH in the last bull cycle. Didn't DOGE go past ADA recently? Nano is fast and eco-friendly, yet nobody gave a shit in the last bitcoin bear market.

Crypto is a circus unlike no other market. The tech means sfa unless it has a narrative (which will probably be short lived).

Personally, I view ADA as a shitcoin that I wouldn't even dream of holding for multiple years. It's your money.
 
Evolved1 said:
Do you really think cardano was worth $1.40 in 2017, $0.02 in 2020, and $2.50 last week?
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This happens in sectors outside of crypto.

Leeds United worth a small fortune when at the height of their powers in the 90's, relegated they then go into a long period of lower level football and the value of the club decreases. Then they get promoted to the PL and their value skyrockets.

A Gold mining operation could start up and early confidence gets it to $1.40, a few years later and little gold returns the share plummets, then they secure a lease on another piece of ground that produces a high yield of gold and their price soars.

Did you mention that in 2020 there was a world pandemic going on?
 
Evolved1 said:
Altcoins aren't long term investments. Take a look at some charts and see for yourself.

Cardano hit $1.40 in 2018, and you could buy it for under $0.02 last year.

If you weren't interested in buying at 2c, ask yourself why you think it's worth $2 a year later. Some of you trade with the skill of moths being drawn to the light.
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Sound!
 

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'Mass adoption'? Lol. That isn't happening.

Eventually there will be some form of electronic-only financial system, sure, but 'cryptocurrencies' as we know them won't be part of that.

Maybe central banks will release their own e-tokens, maybe it will be something else, but it won't be bitcoin or any contemporary 'alt coins'.

If people want to gamble on these coins, then go for it, there is money to be made (and lost).

But let's drop the r/bitcoin tier lunacy and buzzwords and fantasies about 'adoption' and so forth, it is unbecoming.

As for me, I like litecoin, can see it going well past $1,000 USD in the next bull run (whenever that is).

Only 80-odd million total circulation, which I see as its strong point.

Most of us will never get to own a whole bitcoin (we missed our chance) but even today, any of us can own a litecoin or ten :thumbsu:
 
Okay, I'm now at a hodl stage having made my investments over the last few days.

I'll place some conditional sells at huge prices in case I'm asleep when it next goes nuts to cash out some profits, and some conditional buys at big discounts to dollar cost average if it crashes, but for a few months I don't really want to be in the cycle of watching it multiple times a day.
 
Bostonian said:
This happens in sectors outside of crypto.

Leeds United worth a small fortune when at the height of their powers in the 90's, relegated they then go into a long period of lower level football and the value of the club decreases. Then they get promoted to the PL and their value skyrockets.

A Gold mining operation could start up and early confidence gets it to $1.40, a few years later and little gold returns the share plummets, then they secure a lease on another piece of ground that produces a high yield of gold and their price soars.

Did you mention that in 2020 there was a world pandemic going on?
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It’s almost like BTC was around for over 5 years before most of these other coins, of course it has a larger foundation. People with the attitude that BTC will always be the best crypto and all others are shitcoins seem very similar to people at Blockbuster and Kodak in the 90s. I value BTCs place in the market and will definitely look to accumulate more over time, but there are very good alternative crypto techs out there that are still very young and over the next decade will do great things.

I also find it funny pointing out the ADA price fluctuating, when BTC dropped to less than a dollar in early 2017 after being around for 7 years and then to 3800 in early 2020 after being around for a decade.
 
Isn't BTC just the market setter similar to how most currencies are measured against the USD? I always thought BTC value determines the overall sentiment and crypto market strength.

The individual utility of each coin is meaningless to 95% of investors at this stage.
 

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