Cryptocurrency mega-thread

[ash_1050]

If society broke down the last thing I'd hold is crypto, as if the nerds are going to spend time teaching people how to use a blockchain when they're too busy fighting over toilet paper which is now worth more than gold.

 

[Evolved1]

All asset classes have been hit, including gold. Technical analysis doesn't account for black swan events.

 

[woota]

If society broke down the last thing I'd hold is crypto, as if the nerds are going to spend time teaching people how to use a blockchain when they're too busy fighting over toilet paper which is now worth more than gold.

If it actually got that bad, i'd be stocking up on guns and ammo, not ****ing cryptocurrency .

 

[Yellow Feathers]

Everything sells off in a liquidity event, including gold.

What happens in the following months / years will be the true test. Bitcoin’s store of value is against long term inflation - not black swan events.

 

[Quixote]

But but the Central Banks are printing more money. Everything will be OK sir.

Everything sells off in a liquidity event, including gold.

What happens in the following months / years will be the true test. Bitcoin’s store of value is against long term inflation - not black swan events.

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[Quixote]

'Tis a fair point. But don't forget to keep some crypto to buy said guns and ammo.

If it actually got that bad, i'd be stocking up on guns and ammo, not ******* cryptocurrency .

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[ash_1050]

Sold all my crypto holdings as I'd rather have the cash on hand to buy more shares as the stock market continues to tank, or alternately buy in for more crypto once it finishes its bloodshed. Would much rather the flexibility of cash over the potential of any near term price rebounds.

 

[Quixote]

Which level did you cash out at?

Sold all my crypto holdings as I'd rather have the cash on hand to buy more shares as the stock market continues to tank, or alternately buy in for more crypto once it finishes its bloodshed. Would much rather the flexibility of cash over the potential of any near term price rebounds.

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[ash_1050]

Which level did you cash out at?

Got out of XRP at $0.145 and BTC at $5002

 

[Evolved1]

Bullish break of symmetrical triangle here...That's how I see it, though I've seen variants with a bullish break of an ascending triangle. Target 7.6-8k.

 

[Quixote]

Print MOAR



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[evo]

Me since the pandemic hit...

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[dustysnecktattoo]

that waltcoin is massive value right now

 

[Scotland]

that waltcoin is massive value right now

85% wtc
10% havven
5% BETR (speculative gamble)

And I bought walton at various prices along the way - 8, 12, 14, 18, 22, 30 (usd)

I started with 22 and later 30 and have added more recently at the lower prices

Ouch.

 

[dustysnecktattoo]

View attachment 859709

Ouch.

buy buy buy

 

[ash_1050]

Ouch.

Shitcoins will always be shitcoins. There's a reason why I've never held anything other than BTC/XRP/ETH over the last 8 years or so.

 

[Quixote]

Bought $SNX at $0.35 during the peak of the COVID panic selling. Also re-loaded on $RUNE around $0.06.

 

[Quixote]

BTC, ETH, BNB, SNX, RUNE

My entire time in crypto, I've basically been in these five.

Shitcoins will always be shitcoins. There's a reason why I've never held anything other than BTC/XRP/ETH over the last 8 years or so.

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[dustysnecktattoo]

Anyone using DENT?

 

[Evolved1]

BTC, ETH, BNB, SNX, RUNE

My entire time in crypto, I've basically been in these five.


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No chainlink?

 

[Quixote]

It's legit that's for sure, but have never held it. By the time I actually knew what it was it was it had popped so to speak. Are you a Link Marine? Haha.

Will be watching Polkadot with interest when it arrives.

Also if anyone doesn't know, 32 is the number of ETH you want to hold in order to be able to stake in ETH 2.0 (if it ever arrives).

TBH I'm faaar too heavy in RUNE right now and need to move some back over to BTC soon.

No chainlink?

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[100action]

Shitcoins will always be shitcoins. There's a reason why I've never held anything other than BTC/XRP/ETH over the last 8 years or so.

XRP is a shitcoin. I'm tempted to throw ETH in that basket as well.

The more I learn about Ethereum, the more despondent I become of the platform. There seems to be potentially only two worthwhile usecases right now:

• a decentralised forex based on FIAT stable coins.
• DeFi (tentatively). Blockchains and the inherent issues with block propogation / the mining of a new block is a roadblock. See the debacle created by flash loans on the bZx platform and periods of network congestion that prevented people from adding collateral on their collaterised debt positions (see MakerDAO). Existing platforms also have a laughable 'admin keys' making it no better than centralised lending (i.e. a person with the key can take all the collateral).

The vast majority of ethereum use cases are better off on a centralised database where its not unacceptable for the user to bear some of the risks cumbersome blockchains seek to eliminate. I know many will harp on about the EEA but how many of these companies have developed anything practical to date?, in fact there are quite a few that have investigated Ethereum and noted there is no worthwhile use case worth pursuing.

IMO there are two projects that are definitely worthwhile; BTC as a store-of-value (SOV) and Monero as a medium of exchange. Only the SOV would be worth putting money in.

 

[Quixote]

You can stake both XMR and BTC on THORChain when it's live (XMR after launch, BTC on it), 100% non-custodial/trustless and high yield [emoji1690]

PS I agree. XRP is a total, utter shitcoin. Not sure on your ETH 'degrees of centralisation' take though. More time needed I would feel, especially with 2.0 and EIP-3233 (or whatever it is) implementing soon, the EIP that burns ETH.

Oh here's a picture too.

XRP is a shitcoin. I'm tempted to throw ETH in that basket as well.

The more I learn about Ethereum, the more despondent I become of the platform. There seems to be potentially only two worthwhile usecases right now:

• a decentralised forex based on FIAT stable coins.
• DeFi (tentatively). Blockchains and the inherent issues with block propogation / the mining of a new block is a roadblock. See the debacle created by flash loans on the bZx platform and periods of network congestion that prevented people from adding collateral on their collaterised debt positions (see MakerDAO). Existing platforms also have a laughable 'admin keys' making it no better than centralised lending (i.e. a person with the key can take all the collateral).

The vast majority of ethereum use cases are better off on a centralised database where its not unacceptable for the user to bear some of the risks cumbersome blockchains seek to eliminate. I know many will harp on about the EEA but how many of these companies have developed anything practical to date?, in fact there are quite a few that have investigated Ethereum and noted there is no worthwhile use case worth pursuing.

IMO there are two projects that are definitely worthwhile; BTC as a store-of-value (SOV) and Monero as a medium of exchange. Only the SOV would be worth putting money in.

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[Deliverance]

BTC will dive when the US markets do. Within 2 months I'd say.

 

[ash_1050]

BTC will dive when the US markets do. Within 2 months I'd say.

strong positive correlation this year of BTC to SPY. Completely agree if/when the US stock market tips over BTC will follow suit.