Cryptocurrency mega-thread

[BACCS]

I'm in the game to make money, and I'll trade absolute sh*t if it gets me more of it. Everyone has their ideas of what constitutes a legitimate project, but something like DOGE is likely to outlast nearly all of them.

The only coin I believe in long term is bitcoin, but again I don't hold it unless I believe I can sell it for more than I paid for it.

ETH is likely here to stay, and I consider it legit. The others on your list I call shitcoins.

Fair enough, I'm here to make money too. If we are talking 10 years from now, the only coins I would be confident of still existing (and likely within the top 5 market caps) are BTC, ETH, ADA and DOT. (and in that order too). My confidence in DOT is a fair way behind ETH and ADA though. Anything else is still very speculative, regardless of the project behind it (BNB is the only other one I would consider at this stage).

Given how far the crypto space has moved into the mainstream over the last 5ish years, imagine what the next 10 brings?

 

[BACCS]

Exchange tokens are incentivized to do well in bull runs when retail is buying shitcoins. BNB will do well as long as binance does well. For the amount of income they receive, there's no excuse for the regular scheduled maintenace periods and app freeze during volatile price movements. I wouldn't be surprised to see other exchanges pop up and overtake them. Plenty of people prefer ftx.

I dont know what it is about doge that keeps it hanging around. Probably because people like dogs and memes. That's crypto for you.

Most shitcoins die off in time and become irrelevant.

It just feels like you're making your last statement off a small sample size, relative to the future of crypto. The majority of these major projects are 5ish years old, that's extremely young for any technology project. Anyway, your views are clear and this debate will just go in circles, as only time will prove who is correct.

 

[Ghost Patrol]

I dont know what it is about doge that keeps it hanging around. Probably because people like dogs and memes. That's crypto for you.

Most shitcoins die off in time and become irrelevant.

The community marketing behind doge has been pretty clever. ie. announcing Elon as pretend CEO.

They are now organising a music festival called dogepalooza. Sort of thing that will spread like crazy across social medias.

 

[BACCS]

Damn it sucks seeing that list and being completely oblivious to the crypto market back then!

 

[faible]

Damn it sucks seeing that list and being completely oblivious to the crypto market back then!

People in June 2026 - "Damn it sucks seeing that list and being completely oblivious to the crypto market back then!"

'

 

[BACCS]

Not a bad return...

 

[faible]

Not a bad return...

Do you think they've spent the last 3 months looking for their old phone to login and realised they've lost a few million in that time?

 

[The Dice Man]

ATM I'm holding a split of around;

32% MATIC
23% ETH
12% ADA
13% GRT
12% LUNA

and a few small amount is small amounts of MANA, XLM and others.

The more I read the more I'm confused by the ADA, MATIC and LUNA, and GRT too I suppose. I feel I should be trading more into ADA from the others but worry I might miss on LUNA or MATIC in particular.

 

[BACCS]

ATM I'm holding a split of around;

32% MATIC
23% ETH
12% ADA
13% GRT
12% LUNA

and a few small amount is small amounts of MANA, XLM and others.

The more I read the more I'm confused by the ADA, MATIC and LUNA, and GRT too I suppose. I feel I should be trading more into ADA from the others but worry I might miss on LUNA or MATIC in particular.

ADA is the token for the Cardano smart contract platform, which is launching in the next couple of months. It’s a competitor to Ethereum, of which the native token is ETH. Ethereum has been around longer, but until their upgrades are complete there have been projects moving over to Cardano. MATIC is a token for the Polygon platform, a competitor to Cardano as well.

 

[The Dice Man]

ADA is the token for the Cardano smart contract platform, which is launching in the next couple of months. It’s a competitor to Ethereum, of which the native token is ETH. Ethereum has been around longer, but until their upgrades are complete there have been projects moving over to Cardano. MATIC is a token for the Polygon platform, a competitor to Cardano as well.

Ok, so I've backed at least 2 losers there, just not sure which yet.

 

[BACCS]

Ok, so I've backed at least 2 losers there, just not sure which yet.

This is a good thread about the 3:
https://www.google.com.au/amp/s/amp...gn7j/polygon_matic_vs_cardano_ada_comparison/
Ethereum isn’t going anywhere, maybe only one of Cardano or Polygon survives long term, but both can also coexist too.

 

[The Dice Man]

This is a good thread about the 3:
https://www.google.com.au/amp/s/amp...gn7j/polygon_matic_vs_cardano_ada_comparison/
Ethereum isn’t going anywhere, maybe only one of Cardano or Polygon survives long term, but both can also coexist too.

I have trouble following Reddit threads as far as timestamps go.. It will say the post is a day old but it read as older by the info.

Im up 26% since my initial investment 11 days ago. Hopefully I bought at the right time.

 

[BACCS]

I have trouble following Reddit threads as far as timestamps go.. It will say the post is a day old but it read as older by the info.

Im up 26% since my initial investment 11 days ago. Hopefully I bought at the right time.

You bought very close to just after the major crash, very good buy point. I wish I had waited a bit longer to buy in too, I’m gradually getting back to break even, just need ETH to break back above 4k. I bought in way too high due to FOMO, have learnt my lesson the hard way!

 

[The Dice Man]

You bought very close to just after the major crash, very good buy point. I wish I had waited a bit longer to buy in too, I’m gradually getting back to break even, just need ETH to break back above 4k. I bought in way too high due to FOMO, have learnt my lesson the hard way!

Yeah, I'd be thinking and flirting with the idea for a few months put prices were so high and I hadn't really read much at all. Then when the 19th happened I watched for a few days and then jumped in on the saturday. Bostonian recommended I wait till the Sunday(23/5) to buy and he was right.. I lost about 25% in that 24 hours.

 

[Evolved1]

It just feels like you're making your last statement off a small sample size, relative to the future of crypto. The majority of these major projects are 5ish years old, that's extremely young for any technology project. Anyway, your views are clear and this debate will just go in circles, as only time will prove who is correct.

In crypto, hype > fundamentals.

If nobody is shilling an alt, it will die. Teams of popular projects offer good money to social media influencers to ensure their projects are advertised.

Cardano has a similar marketcap to BMW. Do you think cardano has stronger fundamentals than BMW?

 

[Bostonian]

ATM I'm holding a split of around;

32% MATIC
23% ETH
12% ADA
13% GRT
12% LUNA

and a few small amount is small amounts of MANA, XLM and others.

The more I read the more I'm confused by the ADA, MATIC and LUNA, and GRT too I suppose. I feel I should be trading more into ADA from the others but worry I might miss on LUNA or MATIC in particular.

Don't FOMO.

Get that out of your system ASAP.

 

[Bostonian]

In crypto, hype > fundamentals.

If nobody is shilling an alt, it will die. Teams of popular projects offer good money to social media influencers to ensure their projects are advertised.

Cardano has a similar marketcap to BMW. Do you think cardano has stronger fundamentals than BMW?

I dunno, what ADA just kicked off in Africa with their tech in the schools system could have longer positive benefits in the future than some stupid car and bike manufacturer.

 

[Evolved1]

I dunno, what ADA just kicked off in Africa with their tech in the schools system could have longer positive benefits in the future than some stupid car and bike manufacturer.

I'd like to see evidence that alts can move independently of BTC for significant periods of time before accepting the idea that they have value on their own.

 

[Bostonian]

I'd like to see evidence that alts can move independently of BTC for significant periods of time before accepting the idea that they have value on their own.

And how much of the world is tied to the US dollar?

How does the world market react to the US dollar collapsing?

You don't think BMW is impacted by the US dollar collapsing as an example?

 

[Evolved1]

And how much of the world is tied to the US dollar?

How does the world market react to the US dollar collapsing?

You don't think BMW is impacted by the US dollar collapsing as an example?

The DXY has been in decline since March 2020 while the AUD has increased relative to the USD.

US stocks have risen since covid because people don't want to hold their money in cash while it's being devalued.

 

[Bostonian]

The DXY has been in decline since March 2020 while the AUD has increased relative to the USD.

US stocks have risen since covid because people don't want to hold their money in cash while it's being devalued.

Crypto has also risen since covid.

If the USD collapses big time we will follow.

And BMW will be impacted greatly.

 

[BACCS]

I dunno, what ADA just kicked off in Africa with their tech in the schools system could have longer positive benefits in the future than some stupid car and bike manufacturer.

Just need to get their platform actually live! June/July could be a good couple of months for ETH and ADA hodlers

 

[BACCS]

Don't FOMO.

Get that out of your system ASAP.

Yep, never sell out of a coin to only chase a pump for another coin, very rarely ends well and has cost me early on (luckily didn’t cost much, but was a valuable lesson). Only sell out of a coin to take profits as you need them.

 

[BACCS]

Bloody hell, DOGE is trending on Twitter again...

 

[Gak Attack]

Bloody hell, DOGE is trending on Twitter again...

Was a good day for shit meme based crap. I don't get it but I also don't get NFT's and some smarter people than me are all over it.