Wish you would’ve asked earlier this week and I may have suggested DOT with their parachains release upcoming Thinking Solana is definitely still a better play, just getting so much more attention than the other layer 1 ecosystems. Chainlink as an oracle network seems to be pretty reliant the success of ethereum and cardano. Polygon is a really good project but just isn’t getting the hype right now, which seems to be a majority of what matters lately. Also going to emphasize that I don’t know shit about fuck
This is money I expect to lose. Just don't want to have it in something that I got in the tail end of a pump and dump.
LINK and MATIC are solid IMO, just depends on how long you are willing to sit on them. I recently shifted entirely out of those and back into ETH and BTC expecting new ATH's sometime this year, then once they cool off take some profits and put it back into the smaller projects. Also my default caveat that I know less than everyone so you should probably fade my strategy.
Ehh I used to talk shit about Solana but then their transaction levels and utilization skyrocketed. They aren’t going anywhere DOT isn’t either, Gavin Wood is one of the top guys in the business Small/micro caps will offer higher risk/reward, but I tend to stick around the top 100 to avoid potential pump and dumps
I wasn't implying SOL is a pump and dump. I have no idea what polygon and chainlink were and lost money on them so assumed I was just holding the bag.
What websites or resources are we using outside of TMB and Twitter for researching crypto? Any particular websites to avoid? Not going anywhere with this. Just curious what sites people frequent or what you've got bookmarked.
I’m sure you know this, but as a warning to anybody else who might be new to crypto youtube….avoid Bitboy at all costs, dude is a shilling idiot
Really hoping we hold at least above 56k until friday….nice amount of puts set to expire If we somehow hold 58k through tomorrow there could be fireworks
Not the first article to go through this topic, but for anyone interested in the history of digital money (and for a better understanding of why btc is not blackberry if that’s still a talking point).
A coworker is talking to me about helium mining, but in my 5 mins of research I see virtually all of the rigs are out of stock or have 3-5 month lead times for shipping. anybody currently doing this or has the boat sailed already?
I looked into this for about 30 minutes maybe 6 months ago. I realized I likely wouldn't get a rig, and once I did, I wasn't confident I'd know wtf I was doing.
LINK is up 11% since the discussion to sell it yesterday. Glad I held mine. Currently sitting at: ETH - 64% BTC - 23% SOL, LINK, MATIC, LTC <5% Bonus: $100 SNX I bought when I was drunk over the weekend.
Alt season incoming, just a matter of when Saw 30% BTC and 25% ETH dominance when 2.0 hits, which would be nuts
If ETH gets that close to BTC, do you think a short term flippening could happen? I am hoping that it would cause ETH to run even higher just to say it did it.
They could get close, one thing that would end the conversation is if an actual spot BTC ETF gets approved in Q4/Q1 22. Don’t see ETH overtaking if that actually happens, but if they all get denied, BTC would lose momentum just when the 2.0 train is ramping up
Btc dominance is a silly metric and not something anyone should use. It relies on thousands of illiquid coins that few people trade to come up with flawed “market cap” numbers to then compare to btc. Try selling a shitload of cumcoin or some other top 500-1000 coin and see how much the market moves and how low the trading volume is.
I don’t totally agree here, as the top 100 cryptos make up 97% of the market cap, all the shitcoin activity really isn’t going to have much effect on the metric Is it mostly arbitrary? Probably Can it be used for an overall trend of altcoins gaining steam against BTC? Maybe somewhat I think better metrics would be looking at market cap trends between all crypto and the S&P
A vast majority of the top 100 coins are not liquid. Also market cap as a thing is highly questionable in the first place. Page 23 of Allen Farrington’s article Only the Strong Survive does a good job of explaining why.
Pretty sure this guy has tweeted the same exact thing multiple times in the past year Edit: yeah the article was written in June too
Bloomberg reports that futures etf should be getting approved….we get a jizzworthy candle….and we are looking at complete dominance over all of tomorrows liquidating puts/shorts Good times boys
Dumb question: when do option contracts expire for crypto? Obviously with securities it’s at market close on the expiry date, but since this market never closes I’m just assuming midnight eastern or something?
I see the tether fines as bribes/extortion plain and simple. Just a cost of doing business for Tether
Yes we all know futures ETFs suck, but how is this not better than having nothing? Does it not get more institutional money into the crypto market? Yes for all of us, it makes much more sense to just buy BTC, but these ETFs aren’t for retail investors