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Cryptocurrency mega-thread

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Hello y’all, I posted this in the punting board but I’ve been playing around with this crypto sports prediction platform - they’ve got a footy one that could do with a bit of knowledge and actual footy fans to participate. You need a BSC enabled wallet and USDC to predict: Robinos Prediction Platform

The footy predictions for the 2022 season close in 5 days or so.
 
Just heads up that next week is Blockchain Week in Australia and there is a week long series of lectures around the country that you can register to stream for free. I am attending the Blockchain Week 2022 Pitch Night in Brisbane on Thursday, which should be interesting. I am normally more on the biotech side, so I hope to get new information about what is happening.

Wednesday is in Melbourne, is centred on NFTs and the first lecture is by the AFL. Will be interesting to see what they say about blockchain and especially NFTs. You have to assume that they are going to get NFTs as collectables. Day Three - Blockchain Week
 
It's pretty dangerous for the AFL to go down the NFT route. Considering the grift that goes on in the NFT space, and the ignorance of the broader population (especially kids), the AFL will want to be sure they know exactly what they are doing.

I have no problem with them coming up with some digital collector cards that you can buy for $1, or creating a Brownlow NFT that some idiot buys for $500, but there's got to be protections put in place given the novelty of the concept.
 

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beez said:
It's pretty dangerous for the AFL to go down the NFT route. Considering the grift that goes on in the NFT space, and the ignorance of the broader population (especially kids), the AFL will want to be sure they know exactly what they are doing.

I have no problem with them coming up with some digital collector cards that you can buy for $1, or creating a Brownlow NFT that some idiot buys for $500, but there's got to be protections put in place given the novelty of the concept.
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Dangerous how exactly? Many other major organisations in the corporate, entertainment and sporting world are already in NFTs. The 'grifter' projects will get flushed out during this bear market and are a lot easier to spot now given the quality projects coming out.

There are also serious developments happening in the NFT space for gaming, with Ascenders looking like the first quality game to be released that has an in-game economy (not until Q4 2023 though). Has developers from the likes of GTA working on it and their focus is on the quality of the gaming product first, with the earn element a side benefit to playing the game (Play and Earn vs Play2Earn like the current crypto games).
 
BACCS said:
Dangerous how exactly? Many other major organisations in the corporate, entertainment and sporting world are already in NFTs. The 'grifter' projects will get flushed out during this bear market and are a lot easier to spot now given the quality projects coming out.

There are also serious developments happening in the NFT space for gaming, with Ascenders looking like the first quality game to be released that has an in-game economy (not until Q4 2023 though). Has developers from the likes of GTA working on it and their focus is on the quality of the gaming product first, with the earn element a side benefit to playing the game (Play and Earn vs Play2Earn like the current crypto games).
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Yeah, maybe I could have phrased it better.

I don't really want to get into a discussion about it because we will disagree vehemently. But I acknowledge there's plenty of room for positive growth in the gaming space re tokenised play to earn.
 
moncon said:
I reckon NFTs will be like memberships sooner or later: some with rights to go into the rooms after a game, some not, some trade-able others not, and so on.
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They are already being used as memberships to gain access to events like NFT conferences and community catchups, so naturally I can see this flowing into sport, entertainment etc.
 
ash_1050 said:
Officially out of crypto as of this morning, sold off my last 0.5 BTC (current price $59,076.92) to put it into another investment opportunity.

Suspect after 7-8 years in the crypto space (and some reasonable profits) that I'll be unlikely to invest again unless there is more de-risking moving forward to address key hurdles that crypto has yet to overcome (regulation, adoption, environmental impact). Blockchain has huge potential, but the best money has been made in terms of ROI and I suspect the golden age of profits are largely behind for BTC/ETH/XRP.

The alternate purchase shares in Race Oncology (RAC) on the ASX @ $3.94 which I reckon has less risk and more upside over a 12 month time window. Happy to revisit this post in 12 months time on 18th March 2022 and see how correct/incorrect I was in this prediction.
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12 months on and the results are as follows:
BTC then $59,076.92
BTC now $40,486.04
Change -31.5%

RAC then $3.94
RAC now $2.79
Change -29.2%

Results are basically the same and I sold my BTC within 13% of the ATH, so pretty pleased about that. Looking forward to seeing what happens over the next 12 months. I don't see BTC getting above it's previous ATH in the next 12 months, and I'm all but certain RAC will given the clinical results coming through.

Let see how the prediction goes 12 months from now.
 

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ash_1050 I've always enjoyed your contrarian view in this thread. Can't believe it's already been 12 months since that post.

Your spiel about 'the golden age of profits' may very well be true when it comes to BTC and ETH - I'm not sure where I stand. However there are definitely other opportunities out there where the profits remain real.

Cough LUNA cough
 
Shupe said:
ash_1050 I've always enjoyed your contrarian view in this thread. Can't believe it's already been 12 months since that post.

Your spiel about 'the golden age of profits' may very well be true when it comes to BTC and ETH - I'm not sure where I stand. However there are definitely other opportunities out there where the profits remain real.

Cough LUNA cough
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Still maintaining the golden age of profits are likely over for BTC and ETH (though both may yet surpass it's previous ATH, but doubling or tripling your money hardly making a profit in crypto) and that there is very likely other opportunities out there to 10x, 100x or 1000x your money on.

As to what they are my crypto knowledge these days is a big rusty so I couldn't even so much as speculate as to which coins. There's some rules of thumb I'd use though for 2022 and beyond, they'd be projects that actually solve a problem (so not Doge), aren't a scam (so not Safemoon) and aren't proof-of-work (so none of the BTC variations). I'd also say that if you're looking at the pointy end of the returns scale you'd need to get in on a solid project that's less than 12 months old and HODL until it appreciates.

While coins in the crypto markets of 2014-2020 tended to move in tandem with one another (e.g. all appreciating rapidly, all crashing hard) the 2021-2022 markets have shown coins are willing to break that mould somewhat and trade based on their fundamentals, which is incredibly beneficial for the crypto space as it means valuable projects swim while shitcoins sink.
 
ash_1050 said:
12 months on and the results are as follows:
BTC then $59,076.92
BTC now $40,486.04
Change -31.5%

RAC then $3.94
RAC now $2.79
Change -29.2%

Results are basically the same and I sold my BTC within 13% of the ATH, so pretty pleased about that. Looking forward to seeing what happens over the next 12 months. I don't see BTC getting above it's previous ATH in the next 12 months, and I'm all but certain RAC will given the clinical results coming through.

Let see how the prediction goes 12 months from now.
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dpv5QqC0


Not probable, but I give it a chance. Stranger things have happened.
 
ash_1050 How confident are you about clinical success for RAC?

As someone who works in pharma, I've seen both sides of the coin.
 

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