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Cryptocurrency mega-thread

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BACCS said:
What on earth is AMP? Have seen it pop up for a few days now but haven’t bothered to do any research into it
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AMP is a "digital collateral token" for payments on the Flexa Network payment system. Customers pay retailers through Flexa (integrated into major payment apps). Flexa pays retailers instantly using $AMP as collateral until the payment is fully settled.

Although it does have a total supply of 100B and circulation of 29B. Coinbase listing a few days back at .03c rocked it up to .12 and down to .10 now.
 
Bostonian said:
Don't buy yet. A downturn could be coming.

When everyone starts complaining how much their portfolios are down then that's a time to potentially jump in.
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The downturn has been here for a month and there have been plenty complaining about being in the red. Still plenty of accumulation time to go though for anyone new to the market.
 
The Dice Man said:
AMP is a "digital collateral token" for payments on the Flexa Network payment system. Customers pay retailers through Flexa (integrated into major payment apps). Flexa pays retailers instantly using $AMP as collateral until the payment is fully settled.

Although it does have a total supply of 100B and circulation of 29B. Coinbase listing a few days back at .03c rocked it up to .12 and down to .10 now.
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Ok, interesting, hope it goes well for you! Although, it’s amazing how easily Coinbase is listing new projects now over others that have been in the top 10-20 market cap for at least a couple of years and have far bigger customer bases behind them. Even DOT and SOL are only going onto their pro platform, and are still a few weeks from their retail platform.
 

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ForeverHardcore said:
Appreciate that I chucked 100 on both things tonight
Will monitor the coming weeks of that trend

Very exciting
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You're not going to get rich quick buying ETH and BTC today. If your investment timeframe is long enough, I'm 99% sure that you'll make a decent profit. Be patient.

The other thing you can do is learn how the game is played. Find people who know what they're doing and copy them. There are many ways to make money in crypto, so it's best to find a method that you're comfortable with.
 
Evolved1 said:
You're not going to get rich quick buying ETH and BTC today. If your investment timeframe is long enough, I'm 99% sure that you'll make a decent profit. Be patient.

The other thing you can do is learn how the game is played. Find people who know what they're doing and copy them. There are many ways to make money in crypto, so it's best to find a method that you're comfortable with.
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So you’re saying that Titan at 0 dollars is a good investment? The potential is huge! Mark Cuban put me onto it…
 

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BACCS said:
Making some good positive developments this year, but still not sure of its viability long term once ETH 2.0 is here.
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So LINK still has a few years then ;)

From my limited understanding, ETH 2 isn't going to be faster or cheaper than current options. I could be totally wrong though.
 
The Dice Man said:
So LINK still has a few years then ;)

From my limited understanding, ETH 2 isn't going to be faster or cheaper than current options. I could be totally wrong though.
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What do you mean by cheaper? There are a few platforms that are aiming to fill gaps that Ethereum’s can’t perform yet, but once ETH 2.0 is rolled out then these gaps should be mostly filled. Platform’s like Polygon are great money makers over the next 2-3 years, but I’m not sure of their long term sustainability beyond that once ETH 2.0 is out. Time will tell I guess!
 
BACCS said:
What do you mean by cheaper? There are a few platforms that are aiming to fill gaps that Ethereum’s can’t perform yet, but once ETH 2.0 is rolled out then these gaps should be mostly filled. Platform’s like Polygon are great money makers over the next 2-3 years, but I’m not sure of their long term sustainability beyond that once ETH 2.0 is out. Time will tell I guess!
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He probably means the gas fees, they are an absolute joke at times.
 
BACCS said:
What do you mean by cheaper? There are a few platforms that are aiming to fill gaps that Ethereum’s can’t perform yet, but once ETH 2.0 is rolled out then these gaps should be mostly filled. Platform’s like Polygon are great money makers over the next 2-3 years, but I’m not sure of their long term sustainability beyond that once ETH 2.0 is out. Time will tell I guess!
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I meant the high gas fees. Polygon fees are far far lower.

Also I keep reading that ETH will sky rocket back up, but looking at today's price you only have to go back to April 16 to get 2,5k, at the time an ATH. Is ETH really that safe a bet to soar?
 
The Dice Man said:
I meant the high gas fees. Polygon fees are far far lower.

Also I keep reading that ETH will sky rocket back up, but looking at today's price you only have to go back to April 16 to get 2,5k, at the time an ATH. Is ETH really that safe a bet to soar?
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ETH has the large advantage of being far more established in the market compared to its competitors.

Getting in early can give you years of market advantage.

That fame and familiarity with those outside the market as being the challenger to BTC will see it garner a lot of support going forward in bullish times.
 
Bostonian said:
ETH has the large advantage of being far more established in the market compared to its competitors.

Getting in early can give you years of market advantage.

That fame and familiarity with those outside the market as being the challenger to BTC will see it garner a lot of support going forward in bullish times.
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SO when the markets do go back up, you believe ETH will be stronger than ever? I'm holding 51% in BTC and 49 in ALTs but seeing the ETH price I'm tempted to add what I have in BTC with ETH to have a 33/33/33 split.
 

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The Dice Man said:
SO when the markets do go back up, you believe ETH will be stronger than ever? I'm holding 51% in BTC and 49 in ALTs but seeing the ETH price I'm tempted to add what I have in BTC with ETH to have a 33/33/33 split.
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Absolutely it will. Outside of BTC, the institutions are stacking their ETH in big numbers. Over 25% is now staked to ETH 2.0 as well, that’s 25% of the supply taken out of circulation for at least the next 1-2 years. The upgrade coming next month will also start burning ETH gas fees. All of the YouTubers I watch say that the number one crypto they’re asked about it Ethereum, nothing else comes close, even Bitcoin (because I guess most people have heard of it to a degree).

Bitcoin and Ethereum are the two best long term holds at this stage of crypto, they’re well ahead of their competitors, regardless of what happens in the short term with other coins. Any profits from other coins will be used to continually stack BTC and ETH.

I would’ve told you to wait at least another week to buy ETH, as the largest futures contracts of 2021 end this time next week. It’s very hard to get a gauge on which way it will go, as there is a pretty even split of long and short positions.
 
The Dice Man said:
SO when the markets do go back up, you believe ETH will be stronger than ever? I'm holding 51% in BTC and 49 in ALTs but seeing the ETH price I'm tempted to add what I have in BTC with ETH to have a 33/33/33 split.
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I think it will recover before almost every other crypto will outside of BTC over time.

That's more based on a personal opinion that at this stage institutions have far greater trust in it due to what is working now.

ETH v ADA is a prime example of up and running v yet implemented potential.
 
Bostonian said:
Don't agree with everything he said but he makes some good points.

'Big Short' investor Michael Burry warns the 'mother of all crashes' is coming - and predicts crypto and meme stocks will plummet (msn.com)
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Very interesting, but he is clever to not really go into any specific timelines and some of his predictions could take months or years to play out. Is he a fan of crypto as an investment asset? Comparing crypto to meme stocks is a comparison I haven't seen before
 

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