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Cryptocurrency mega-thread

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The Dice Man said:
fu** you've done alright. I'd be getting out too with those kind of increases.

That's the thing, retail will pump ADA further at least to $3 again. Look at Shiba this week.

Look out for the upcoming Cardano summit for maybe an announcement for the fees on the ADA stablecoin being settled in Coti.. Could explain Coti's current pump (34% in a little over 24 hrs).
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Possibly. If you can sell your ADA bags at $3, you're doing well imho.

The best thing any token can achieve is to have stakeholders make announcements and promises without ever fulfilling them. Remember to buy the rumor and sell the news.
 
Evolved1 said:
Wrong. Remove the casino and you remove the gamblers. It's one of the main use cases for crypto.
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Not really. Derivatives have been banned in China since 2014 and they're still some of the biggest investors in crypto.

In reality, I'm ok with margin lending, I'm not ok with 100x leverage though.
 
bzparkes said:
Not really. Derivatives have been banned in China since 2014 and they're still some of the biggest investors in crypto.

In reality, I'm ok with margin lending, I'm not ok with 100x leverage though.
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Given that nobody is forcing you to use 100x leverage, why do you oppose it?

I thought the primary selling point of crypto was opposition to state control. Say goodbye to the days of 100x gains (without leverage) if you heavily regulate crypto.
 

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Evolved1 said:
Why does retail love ADA? It baffles me.

Personally, I think 2021 ADA is the equivalent of 2017 XRP. It's not going to end well.
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ADA is nothing like XRP. Cardano just launched their smart contracts and have a number of dApps launching shortly. Charles Hoskinson is a very good marketer and engages with the retail investors. It’s also the number 3 crypto that institutions are into, which definitely helps. I’m not sure it’s platform will ever eclipse Ethereum, but it has as good a chance as any of the top 10 to maybe get there eventually.
 
Evolved1 said:
Given that nobody is forcing you to use 100x leverage, why do you oppose it?

I thought the primary selling point of crypto was opposition to state control. Say goodbye to the days of 100x gains (without leverage) if you heavily regulate crypto.
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100x gains aren't that hard to find if you know where to look. I'm in a coin right now that's 20x since 3 days ago, with no sign of slowing down, (didn't buy anywhere enough in the presale FML). People who bought the 5 BNB at the start have walked away with 100 BNB already.

The wonderful Wild West of DeFi. Risky business but just as much chance of losing your quid than high leverage, without the risk of your entire trading account blowing up.
 
bzparkes said:
100x gains aren't that hard to find if you know where to look. I'm in a coin right now that's 20x since 3 days ago, with no sign of slowing down, (didn't buy anywhere enough in the presale FML). People who bought the 5 BNB at the start have walked away with 100 BNB already.

The wonderful Wild West of DeFi. Risky business but just as much chance of losing your quid than high leverage, without the risk of your entire trading account blowing up.
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Those gems will be harder to come by once you welcome more government regulation into the space.

Making crypto safer for retail will hurt your game too.
 
BACCS said:
ADA is nothing like XRP. Cardano just launched their smart contracts and have a number of dApps launching shortly. Charles Hoskinson is a very good marketer and engages with the retail investors. It’s also the number 3 crypto that institutions are into, which definitely helps. I’m not sure it’s platform will ever eclipse Ethereum, but it has as good a chance as any of the top 10 to maybe get there eventually.
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XRP overtook ETH in marketcap during the last cycle. It went nuts because retail couldn't get enough of it.

Cardano have been riding the 'buy the rumor, sell the news' train for all it's worth. Launching smart contracts did nothing for ADA's price.

It's an overpriced shitcoin that will likely burn retail. It's hard to believe anyone paid $3 US for one token.
 
Evolved1 said:
Those gems will be harder to come by once you welcome more government regulation into the space.

Making crypto safer for retail will hurt your game too.
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Possibly, but that's kind of the point of DeFi I guess, that anyone can use it and it's harder to regulate. It'll be the onboarding exchanges, such as Binance, that'll be tougher to access, but there's plenty of exchanges that don't offer leverage that'll carry on as usual.

Each to their own I guess. I'm just taking the position of someone who's only ever lost money on margin but has made thousands from DeFi micro cap coins. Learning to identify the good projects from the total shitcoins and rugpulls takes some time but once you take a risk and get burnt a few times you learn pretty fast.

I still keep Eth and BTC though, as they're my hedge against the shit trades I've done in the past but I'm getting a lot better.
 
Evolved1 said:
XRP overtook ETH in marketcap during the last cycle. It went nuts because retail couldn't get enough of it.

Cardano have been riding the 'buy the rumor, sell the news' train for all it's worth. Launching smart contracts did nothing for ADA's price.

It's an overpriced shitcoin that will likely burn retail. It's hard to believe anyone paid $3 US for one token.
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I was talking about comparing XRP to ADA, they’re completely different projects and pumped for different reasons. I never expected the launch to do anything for its price. Launching of successful dApps is what will trigger any decent price pump, like what’s happened with Solana. Anyway, I don’t get why people hate on certain projects in crypto (outside of obvious scams). Institutions are into already in a big way, it’s going nowhere anytime soon.
 
bzparkes said:
Possibly, but that's kind of the point of DeFi I guess, that anyone can use it and it's harder to regulate. It'll be the onboarding exchanges, such as Binance, that'll be tougher to access, but there's plenty of exchanges that don't offer leverage that'll carry on as usual.

Each to their own I guess. I'm just taking the position of someone who's only ever lost money on margin but has made thousands from DeFi micro cap coins. Learning to identify the good projects from the total shitcoins and rugpulls takes some time but once you take a risk and get burnt a few times you learn pretty fast.

I still keep Eth and BTC though, as they're my hedge against the sh*t trades I've done in the past but I'm getting a lot better.
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What exchanges do you prefer?
 
bzparkes said:
Possibly, but that's kind of the point of DeFi I guess, that anyone can use it and it's harder to regulate. It'll be the onboarding exchanges, such as Binance, that'll be tougher to access, but there's plenty of exchanges that don't offer leverage that'll carry on as usual.

Each to their own I guess. I'm just taking the position of someone who's only ever lost money on margin but has made thousands from DeFi micro cap coins. Learning to identify the good projects from the total shitcoins and rugpulls takes some time but once you take a risk and get burnt a few times you learn pretty fast.

I still keep Eth and BTC though, as they're my hedge against the sh*t trades I've done in the past but I'm getting a lot better.
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I know of several people who moved from near poverty to riches through leverage trading.

You've found a different avenue to wealth, which I'm glad to see. I don't see your failure with leverage as a valid reason to deny others that avenue. We all have the same goal, right?
 
BACCS said:
What exchanges do you prefer?
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I'm just sticking with BSC at the moment and using a launchpad called PinkSale, because they have ant-bot measures and anti-rug feature to make investing safer. It's not perfect obviously, because projects can opt not to use the anti-rug function but it's clearly laid out if they don't and the launchpad devs are strong on telling people to ask the project devs why they haven't vested tokens, why they haven't doxxed/KYC and so forth.
 

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Evolved1 said:
I know of several people who moved from near poverty to riches through leverage trading.

You've found a different avenue to wealth, which I'm glad to see. I don't see your failure with leverage as a valid reason to deny others that avenue. We all have the same goal, right?
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Oh I get what you're saying, the issue is that in such a volatile market it's so easy to get completely wiped out. Like I said, I'm not anti it as such but it just seems a hell of a lot closer to gambling than other options within crypto.

A few experienced traders comments' I've read liken it to world series trading, where you'll get eaten up by the pros in a heartbeat. No too dissimilar to people who panic sell when whales dump I guess but it's a bit concerning when you read that the entire value of leveraged positions out-values the entire world financial system. Then you know it needs more regulation.
 
Bostonian said:
Nothing yet. Just a general feeling the worlds financial markets aren't that healthy at present.
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Nah everything's great, and if anyone runs into trouble Governments just print more money ;)
 

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Bostonian said:
Nothing yet. Just a general feeling the worlds financial markets aren't that healthy at present.
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There's a lot of news in the balance, and doubtful that Evergrande is the last of Chinese woes but Ats are looking very bullish right now* (could be different in 6 hours or even 6 minutes).

*I have no data to back this up... just the vibe, which is a complete 180 from a few days ago.
 
bzparkes said:
Oh I get what you're saying, the issue is that in such a volatile market it's so easy to get completely wiped out. Like I said, I'm not anti it as such but it just seems a hell of a lot closer to gambling than other options within crypto.

A few experienced traders comments' I've read liken it to world series trading, where you'll get eaten up by the pros in a heartbeat. No too dissimilar to people who panic sell when whales dump I guess but it's a bit concerning when you read that the entire value of leveraged positions out-values the entire world financial system. Then you know it needs more regulation.
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Regulation will eventually kill this cash cow. Be careful what you wish for.
 

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