For many of us had missed out on Ethereum, the next big one i think is Avalanche. AVAX is the code. This is a much better and vastly improved version of Ethereum. In the next 5-10 years, internet as we see now will go through multiple stage of changes; web 3.0 or metaverse is the next generation technology. The race is on for companies to develop new devices and concepts for the global market.
Blockchain & crypto will address and solve many current problems; a more secure cyberspace and internet access for everyone. Our Pc's and mobile phones will incorporate into a head wearing device of metaverse. It will be a cashless and all in token forms
To remove first post, remove entire topic.
For many of us had missed out on Ethereum, the next big one i think is Avalanche. AVAX is the code. This is a much better and vastly improved version of Ethereum. In the next 5-10 years, internet as we see now will go through multiple stage of changes; web 3.0 or metaverse is the next generation technology. The race is on for companies to develop new devices and concepts for the global market.
Blockchain & crypto will address and solve many current problems; a more secure cyberspace and internet access for everyone. Our Pc's and mobile phones will incorporate into a head wearing device of metaverse. It will be a cashless and all in token forms
Thanks for the information about AVAX. I have been thinking about buying for a long time, but I was afraid to invest. Your arguments are convincing enough for me.
Thanks for the information about AVAX. I have been thinking about buying for a long time, but I was afraid to invest. Your arguments are convincing enough for me.
I bought SHIB as a lottery ticket type purchase and then began nice sized positions in Tezos and the Graph. Crypto isn’t going anywhere. Plenty of time to get in.
I bought SHIB as a lottery ticket type purchase and then began nice sized positions in Tezos and the Graph. Crypto isn’t going anywhere. Plenty of time to get in.
Quote Originally Posted by Cash_Me_Outside: all ponzi/pyramids end badly. Time will tell... people fear what they don't understand...
To gain serious traction and replace fiat it has to be easier, faster, cheaper, more secure and available for everyone. Current crypto is NONE of those things, so if it has any chance at long term survival it has to improve in pretty much every single aspect and do so quickly.
Quote Originally Posted by Eddy_Winslow:
Quote Originally Posted by Cash_Me_Outside: all ponzi/pyramids end badly. Time will tell... people fear what they don't understand...
To gain serious traction and replace fiat it has to be easier, faster, cheaper, more secure and available for everyone. Current crypto is NONE of those things, so if it has any chance at long term survival it has to improve in pretty much every single aspect and do so quickly.
Quote Originally Posted by Cash_Me_Outside: all ponzi/pyramids end badly. Time will tell... people fear what they don't understand...
Maybe fear is the wrong word for most. Maybe some DO understand it and, therefore, fear it.
Maybe the bigger issue is risk aversion for something that has the issues WSC mentioned above. Etc.
For some folks, with available cash, taking a risk is worth it, whether they have a good understanding or not.
Look at the volatility with crypto. This is not for everyone. This is not like holding groups of mutual funds long term for retirement. This is a flat out risk ‘investment’ — nearly everyone does understand this.
If you are someone who has spare capital to ‘gamble’ with — go ahead and take a flyer on it.
No one is taking a position in crypto to use as their ‘only’ 410k over a long time period.
They are playing the lottery for a quick hit and/or ride a huge wave and try to time getting out on top.
If you gamble on sports and try to win, you are not playing just 10-team parlays. BUT there is nothing wrong with playing a small one from time to time. Just as there isn’t anything wrong with buying a lottery ticket sometimes. Just don’t spend half your paycheck on the lottery.
There is NOTHING at all wrong with getting in on a Ponzi scheme — of sorts — either. As long as it is legal and you realize what is going on. Just make sure you always get in as early as possible. Those are the ones that make the money.
Quote Originally Posted by Eddy_Winslow:
Quote Originally Posted by Cash_Me_Outside: all ponzi/pyramids end badly. Time will tell... people fear what they don't understand...
Maybe fear is the wrong word for most. Maybe some DO understand it and, therefore, fear it.
Maybe the bigger issue is risk aversion for something that has the issues WSC mentioned above. Etc.
For some folks, with available cash, taking a risk is worth it, whether they have a good understanding or not.
Look at the volatility with crypto. This is not for everyone. This is not like holding groups of mutual funds long term for retirement. This is a flat out risk ‘investment’ — nearly everyone does understand this.
If you are someone who has spare capital to ‘gamble’ with — go ahead and take a flyer on it.
No one is taking a position in crypto to use as their ‘only’ 410k over a long time period.
They are playing the lottery for a quick hit and/or ride a huge wave and try to time getting out on top.
If you gamble on sports and try to win, you are not playing just 10-team parlays. BUT there is nothing wrong with playing a small one from time to time. Just as there isn’t anything wrong with buying a lottery ticket sometimes. Just don’t spend half your paycheck on the lottery.
There is NOTHING at all wrong with getting in on a Ponzi scheme — of sorts — either. As long as it is legal and you realize what is going on. Just make sure you always get in as early as possible. Those are the ones that make the money.
Not me. The way I see it is they could tank at the drop of a dime I personally think that Bitcoin etc etc etc,is mostly rich people dodging taxes, illegal activity, and 20-somethings trying to get rich overnight.jmho
Not me. The way I see it is they could tank at the drop of a dime I personally think that Bitcoin etc etc etc,is mostly rich people dodging taxes, illegal activity, and 20-somethings trying to get rich overnight.jmho
Quote Originally Posted by Eddy_Winslow: Quote Originally Posted by Cash_Me_Outside: all ponzi/pyramids end badly. Time will tell... people fear what they don't understand... To gain serious traction and replace fiat it has to be easier, faster, cheaper, more secure and available for everyone. Current crypto is NONE of those things, so if it has any chance at long term survival it has to improve in pretty much every single aspect and do so quickly.
I disagree but respect your position.
buy $BTC
Quote Originally Posted by wallstreetcappers:
Quote Originally Posted by Eddy_Winslow: Quote Originally Posted by Cash_Me_Outside: all ponzi/pyramids end badly. Time will tell... people fear what they don't understand... To gain serious traction and replace fiat it has to be easier, faster, cheaper, more secure and available for everyone. Current crypto is NONE of those things, so if it has any chance at long term survival it has to improve in pretty much every single aspect and do so quickly.
Not me. The way I see it is they could tank at the drop of a dime I personally think that Bitcoin etc etc etc,is mostly rich people dodging taxes, illegal activity, and 20-somethings trying to get rich overnight.jmho
yes, crypto is just people avoiding taxes and trying to get rich over night, nothing more...
buy $BTC
Quote Originally Posted by joe pockets:
Not me. The way I see it is they could tank at the drop of a dime I personally think that Bitcoin etc etc etc,is mostly rich people dodging taxes, illegal activity, and 20-somethings trying to get rich overnight.jmho
yes, crypto is just people avoiding taxes and trying to get rich over night, nothing more...
Quote Originally Posted by Eddy_Winslow: Quote Originally Posted by Cash_Me_Outside: all ponzi/pyramids end badly. Time will tell... people fear what they don't understand... To gain serious traction and replace fiat it has to be easier, faster, cheaper, more secure and available for everyone. Current crypto is NONE of those things, so if it has any chance at long term survival it has to improve in pretty much every single aspect and do so quickly.
You are a 100% right but the biggest thing is the perception. No one actually views crypto as a currency. They view is as a place to possibly make quick money on things they have never heard of. Given that, it can still be a great place to invest in even if it never becomes a true currency
Quote Originally Posted by wallstreetcappers:
Quote Originally Posted by Eddy_Winslow: Quote Originally Posted by Cash_Me_Outside: all ponzi/pyramids end badly. Time will tell... people fear what they don't understand... To gain serious traction and replace fiat it has to be easier, faster, cheaper, more secure and available for everyone. Current crypto is NONE of those things, so if it has any chance at long term survival it has to improve in pretty much every single aspect and do so quickly.
You are a 100% right but the biggest thing is the perception. No one actually views crypto as a currency. They view is as a place to possibly make quick money on things they have never heard of. Given that, it can still be a great place to invest in even if it never becomes a true currency
Not me. The way I see it is they could tank at the drop of a dime I personally think that Bitcoin etc etc etc,is mostly rich people dodging taxes, illegal activity, and 20-somethings trying to get rich overnight.jmho
That is likely exactly what it is, but tons of people have made money from it and it does not hurt to try
Quote Originally Posted by joe pockets:
Not me. The way I see it is they could tank at the drop of a dime I personally think that Bitcoin etc etc etc,is mostly rich people dodging taxes, illegal activity, and 20-somethings trying to get rich overnight.jmho
That is likely exactly what it is, but tons of people have made money from it and it does not hurt to try
You don’t buy these things when they’re up 10,000% in a year.
You buy crypto when everyone lost all of their money and nobody believes in it anymore.
Altcoins move in extreme cycles. I don’t know if we’re at the exact top of this cycle but we’re certainly much closer to the top than we are to the bottom.
AVAX $120
LUNA $90
You have a much better chance making serious money shorting here on low leverage than you do buying and holding.
That’s my two cents.
You don’t buy these things when they’re up 10,000% in a year.
You buy crypto when everyone lost all of their money and nobody believes in it anymore.
Altcoins move in extreme cycles. I don’t know if we’re at the exact top of this cycle but we’re certainly much closer to the top than we are to the bottom.
AVAX $120
LUNA $90
You have a much better chance making serious money shorting here on low leverage than you do buying and holding.
To gain serious traction and replace fiat it has to be easier, faster, cheaper, more secure and available for everyone. Current crypto is NONE of those things, so if it has any chance at long term survival it has to improve in pretty much every single aspect and do so quickly.
Roger Ver argues a lot of the same points that you do.
Quote Originally Posted by wallstreetcappers:
To gain serious traction and replace fiat it has to be easier, faster, cheaper, more secure and available for everyone. Current crypto is NONE of those things, so if it has any chance at long term survival it has to improve in pretty much every single aspect and do so quickly.
Roger Ver argues a lot of the same points that you do.
The lightning network, Bitcoin cash, Roger Ver, Blockstream, Strike, Jack Mallers, Ethereum, Vitalik Buterin — and most alt coins — Cardano, Stable coins (USDT, USDC) and UST by Terra Luna (LUNA) etc.
Is Bitcoin for fast digital payments? Is Bitcoin a store of value? What is the use case of bitcoin? What is the use case of crypto?
Everyone has their own vision and that’s why there are so many cryptos.
Almost all of the founders of the major altcoins believe in bitcoin and came to crypto through bitcoin.
Ethereum was premined. Ripple created 100,000,000 XRP and the founder kept 80,000,000 (80%). There’s a lot of shady stuff in crypto. It’s very difficult to comprehend and navigate.
Most are scams, a few will probably change the world. Bitcoin is most likely here to stay but the parabolic 10,000% gains might be in the past. Ethereum is probably here to stay because of how much stuff is built on it. So everyone speculates on shitcoins hoping to get in early on a crypto that will change the world.
VC’s just hit a windfall on cryptos like Solana, Avalanche, Luna, Cardano, Matic, BNB etc..
Serious money (billions) is made by crypto investors by buying bottoms and selling tops on plebs (retail). It’s usually a four year cycle built around the bitcoin halving. The bitcoin halving is when the mining reward gets cut in half every 4 years. The whales and VC’s make a massive amount of money taking advantage of the extreme highs and extreme lows in each cycle.
The lightning network, Bitcoin cash, Roger Ver, Blockstream, Strike, Jack Mallers, Ethereum, Vitalik Buterin — and most alt coins — Cardano, Stable coins (USDT, USDC) and UST by Terra Luna (LUNA) etc.
Is Bitcoin for fast digital payments? Is Bitcoin a store of value? What is the use case of bitcoin? What is the use case of crypto?
Everyone has their own vision and that’s why there are so many cryptos.
Almost all of the founders of the major altcoins believe in bitcoin and came to crypto through bitcoin.
Ethereum was premined. Ripple created 100,000,000 XRP and the founder kept 80,000,000 (80%). There’s a lot of shady stuff in crypto. It’s very difficult to comprehend and navigate.
Most are scams, a few will probably change the world. Bitcoin is most likely here to stay but the parabolic 10,000% gains might be in the past. Ethereum is probably here to stay because of how much stuff is built on it. So everyone speculates on shitcoins hoping to get in early on a crypto that will change the world.
VC’s just hit a windfall on cryptos like Solana, Avalanche, Luna, Cardano, Matic, BNB etc..
Serious money (billions) is made by crypto investors by buying bottoms and selling tops on plebs (retail). It’s usually a four year cycle built around the bitcoin halving. The bitcoin halving is when the mining reward gets cut in half every 4 years. The whales and VC’s make a massive amount of money taking advantage of the extreme highs and extreme lows in each cycle.
all ponzi/pyramids end badly. Time will tell...
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