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Cryptocurrency mega-thread

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BACCS said:
The time to load up on XRP was under a dollar, but as I've said a few times in this thread, still see a lot of upside during this cycle from here.
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There's so many coins that haven't run yet and there's still plenty of upside for XRP if it does. I ignored those 2 and went with Rune instead.
 
Bostonian said:
Profits could just as well roll into other ALTS because people don't want to deal with ETH gas fees.

Using the SOL system is so much of a superior experience than using ETH.

People are just starting to discover that on a wider scale.
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The Ethereum ecosystem is I believe still capable of a lot more applications than Solana though? Has the volume that Ethereum experiences been truly tested on Solana? Genuine questions here, just trying to understand whether Solana can sustain this long term.
 

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The Dice Man said:
There's so many coins that haven't run yet and there's still plenty of upside for XRP if it does. I ignored those 2 and went with Rune instead.
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LINK and DOT still haven't properly run yet (DOT has started to launch in recent days, but is still a fair way off its previous ATH and hasn't eclipsed its May 19 price).
 
BACCS said:
LINK and DOT still haven't properly run yet (DOT has started to launch in recent days, but is still a fair way off its previous ATH and hasn't eclipsed its May 19 price).
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Agreed. I have both.. More LINK right now though.
 
BACCS said:
The Ethereum ecosystem is I believe still capable of a lot more applications than Solana though? Has the volume that Ethereum experiences been truly tested on Solana? Genuine questions here, just trying to understand whether Solana can sustain this long term.
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Applications can migrate to other ecosystems. ETH is just a first to market blockchain in a lot of ways. As I've said previously, it's like the AOL of Crypto.

ETH is bloated as well. It grew too big and too quick for its own good.

I don't see why SOL can't sustain it longer term because unlike ETH they have a money man helping guide them in SBF.

I think long term the SOL ecosystem will be a much better fit with defi than ETH will.
 
Bostonian said:
Applications can migrate to other ecosystems. ETH is just a first to market blockchain in a lot of ways. As I've said previously, it's like the AOL of Crypto.

ETH is bloated as well. It grew too big and too quick for its own good.

I don't see why SOL can't sustain it longer term because unlike ETH they have a money man helping guide them in SBF.

I think long term the SOL ecosystem will be a much better fit with defi than ETH will.
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I guess it's always easy to say the newer product will be better than the earlier pioneers, but ETH is way too big to fail now. AOL never really innovated to keep up with the market, ETH is addressing its issues with the recent upgrade and ETH 2.0.

Anyway, I love Solana as well and think it will succeed, but reading up on crypto history tells me that many have tried to be 'ETH killers' and haven't had any success with this endeavour yet. It will be interesting to see if SOL sustains this long term or goes down in history as the flavour of the 2021 bull cycle; I want it to succeed, the more DeFi platforms the better.
 
BACCS said:
I guess it's always easy to say the newer product will be better than the earlier pioneers, but ETH is way too big to fail now. AOL never really innovated to keep up with the market, ETH is addressing its issues with the recent upgrade and ETH 2.0.
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Until they fix their gas fee issues it will always be a potential issue for future projects selecting their chosen blockchain to build on.

Anyway, I love Solana as well and think it will succeed, but reading up on crypto history tells me that many have tried to be 'ETH killers' and haven't had any success with this endeavour yet. It will be interesting to see if SOL sustains this long term or goes down in history as the flavour of the 2021 bull cycle; I want it to succeed, the more DeFi platforms the better.
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They aren't an ETH killer. They are just more dialed into what's needed.

If you're working within the defi space would you follow what Bankman-Fried is doing and supporting or Vitalik?

One understands the business side of finance, the other is invested in the concept of crypto.
 

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Bostonian said:
Fantom at 1.20.

Already making money on it.
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Lost over 30 % in a flash and is already back to 1.65. I was wondering all day where to take profits, or some profits but it just wasn't slowing down. Think it could be a holder for me to see where it might go.
 
Prices at levels not seen since… late last week. Interesting night that! A few over leveraged longs were flushed out. Looks like I missed out on some absolute bargains, prices seems to have already recovered a fair bit.
 
And the inevitable crash comes. Lost about 20% value in my portfolio overnight.

Not disastrous as I can afford to hold and wait, but annoying as only a few days ago I'd put a decent buy on a couple of coins that are now 20% cheaper. I think I pretty much need to dollar cost average them now.
 

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