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Cryptocurrency mega-thread

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Shupe said:
Exactly. Imagine being UNHAPPY with 4x on your investment. You can bang on about opportunity cost all you like, about how others are increasing at a faster rate, however they are more volatile and you're just as likely to lose it at the same rate.

I would be interested to hear the breakdown on some portfolio's on here. I never have more than ~5% in mid-low caps.
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57% ETH
13% ADA
9% DOT and XRP
6% MATIC
3% BTC
2% SOL and VET

What is yours?
 
For anyone on Nexo, they're temporarily suspending their exchange service on August 12. This means if you hold DOT or ADA on there, you won't be able to move it after that date (as they still haven't activated a withdrawal feature for those two yet). Does anyone know if a VPN can get around this type of issue?
 
Chris25 said:
I don't quite understand comments like these?

The idea that you've missed the boat on ethereum because it might only go up x4 from here. Or that you've missed the train on Luna. Yes the initial gains have passed, but if this is a start of something then you'd expect that to go past its high and at least double? Hardly missing out I would have thought.
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Cause I’ve focused on other coins that i have invested huge in.

Simple as that.
 

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I'm still a bit low on BTC and ETH - I'd like those two to make up 50% of my portfolio. I'm getting there. Rough numbers:

ETH - 22%
BTC - 15%
ADA - 10%
LUNA - 10%
LINK - 8%

DOT, ATOM, RUNE, OCEAN - 5%

Other randoms 2-3% (KSM, AVAX, FET, SXP, AKRO)

A few % play money.
 
Shupe said:
Exactly. Imagine being UNHAPPY with 4x on your investment. You can bang on about opportunity cost all you like, about how others are increasing at a faster rate, however they are more volatile and you're just as likely to lose it at the same rate.

I would be interested to hear the breakdown on some portfolio's on here. I never have more than ~5% in mid-low caps.
Click to expand...

20% ETH
20% Dot
20% RSR
10% ADA
5% CKB
4% Matic
4% One
4% Vet
4% XLM
4% FTM
4% QLC
2% QBIT

My theory is that BTC or ETH are not going to 3X, 4X or 5x so I'm counting on other coins to do that lifting
 
ash_1050 said:
NFTs are the 2021 version of CryptoKitties, albeit some of them have slightly more value being tied to IRL stuff like sneakers, jerseys etc.
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What are your thoughts on the market at the moment? Are you still thinking bear run?
 
The Dice Man said:
What are your thoughts on the market at the moment? Are you still thinking bear run?
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Still completely puzzled as to why BTC is at $43k. Agree with maryjames, if it gets above $50k I'll move back to a more bullish sentiment, but until then I'm still seeing this as a temporary thing before it drifts back down to sub $30k, and ultimately bottoms out around $22k. My price to entry is still around $22k.
 
ash_1050 said:
Still completely puzzled as to why BTC is at $43k. Agree with maryjames, if it gets above $50k I'll move back to a more bullish sentiment, but until then I'm still seeing this as a temporary thing before it drifts back down to sub $30k, and ultimately bottoms out around $22k. My price to entry is still around $22k.
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You said 47k last week... what are you puzzled about?
 
BACCS said:
You said 47k last week... what are you puzzled about?
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My basis is still above $47k, was trying to give credit to another user as we're on a similar wavelength and he used $50k as his figure.

BTC still has no actual intrinsic purpose, crypto is out of fashion again so the wider population is back to not caring, and there's been no real changes to what BTC is or does that have warranted a change in direction towards a bullish sentiment.
 
ash_1050 said:
My basis is still above $47k, was trying to give credit to another user as we're on a similar wavelength and he used $50k as his figure.

BTC still has no actual intrinsic purpose, crypto is out of fashion again so the wider population is back to not caring, and there's been no real changes to what BTC is or does that have warranted a change in direction towards a bullish sentiment.
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It performs the role of money better than any money ever has and become legal tender in a nation state. It is more secure and more decentralised than all other cryptos or moneys. It stands alone.

It is incumbent upon the other cryptos to be projects with more functionality and act as company stocks that innovate with the cool tech that is blockchain. They must do this because they will not become the monetary asset in the same way Btc is
 
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Zgope1 said:
It performs the role of money better than any money ever has and become legal tender in a nation state. It is more secure and more decentralised than all other cryptos or moneys. It stands alone.

It is incumbent upon the other cryptos to be projects with more functionality and act as company stocks that innovate with the cool tech that is blockchain. They must do this because they will not become the monetary asset in the same way Btc is
Click to expand...

It has higher fees than a lot of other options out there. It's slow, clunky, and has high barriers to use and understand. It's also woefully inefficient and consumes enormous amounts of electricity. Security is a huge issue, as numerous hacks have demonstrated. It's facing further increases in regulation and has been banned in several countries.
 
Zgope1 said:
It performs the role of money better than any money ever has and become legal tender in a nation state. It is more secure and more decentralised than all other cryptos or moneys. It stands alone.

It is incumbent upon the other cryptos to be projects with more functionality and act as company stocks that innovate with the cool tech that is blockchain. They must do this because they will not become the monetary asset in the same way Btc is
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Have a read of this thread, this is why I’ve been bullish the last month or so:

 
ash_1050 said:
It has higher fees than a lot of other options out there. It's slow, clunky, and has high barriers to use and understand. It's also woefully inefficient and consumes enormous amounts of electricity. Security is a huge issue, as numerous hacks have demonstrated. It's facing further increases in regulation and has been banned in several countries.
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All of that is true. But it doesn't need function to be successful. All that matters is that the rich still view it as a way to get richer.
 

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ash_1050 said:
It has higher fees than a lot of other options out there. It's slow, clunky, and has high barriers to use and understand. It's also woefully inefficient and consumes enormous amounts of electricity. Security is a huge issue, as numerous hacks have demonstrated. It's facing further increases in regulation and has been banned in several countries.
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Lightning network solves fees.

Even if it didn’t, it only need to be what it is which is a perfect layer 1 money.

wrong on all the security fronts and govs can’t stop it and that fud hasn’t affected its thriving for 12 years.

energy wise, it monetises stranded energy, provides scale for renewables if that’s your jam. Has probably topped out on emissions. Ever growing % of it is renewable and it is .1% of the 30% global energy that is wasted.

there’s no money like it which is why it’s been the best performed global asset since it came along
 
BACCS said:
For the first time since the May 19 crash, my overall portfolio is officially into the green! It feels weird seeing a positive number :p. While I never wavered on my confidence that it would recover, it's a nice milestone to hit.
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Congrats mate. Those who stay in the game for the long term will win.
 
Shupe said:
Exactly. Imagine being UNHAPPY with 4x on your investment. You can bang on about opportunity cost all you like, about how others are increasing at a faster rate, however they are more volatile and you're just as likely to lose it at the same rate.

I would be interested to hear the breakdown on some portfolio's on here. I never have more than ~5% in mid-low caps.
Click to expand...
My current portfolio (minus stables) is:
2 BTC
2.15 ETH
1600 GHST
60 LINK
3.4 BNB
85 SUSHI
9000 ZIL
2000 UTK
400 XRP
2 LTC
600 TVK
4000 RSR
10000 AKT
 
Chris25 said:
All of that is true. But it doesn't need function to be successful. All that matters is that the rich still view it as a way to get richer.
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Disagree. Anyone who understands bitcoin wants more of it.
 

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