Crypto

[salmar80]

Personally, if I had any assets, I'd put some extremely safe right now, like in boring gold.

I really, really don't like it, when they're building more luxury apartments than there are people who can even theoretically pay for them. Whether in Finland, the US or in China.

Some level of a crash is coming.

They wouldn’t build them if they weren’t planning on being profitable, bringing down rent costs for everyone if there is a surplus of housing. That isn’t a bad problem. Unless it is coming from a central planning direction, then the equilibrium likely to be off and you could have problems. Not sure what it’s like in Finland, have a better idea in China. But in the US, if anything, it’s too difficult to build apartments buildings in the US, driving rent costs sky high an increasing homeless population.

Don’t have a link or video off the top of my head, but check out some stories on San Francisco and their controls on the rental world there and the unintended consequences, such as unsustainable rent costs and extremely high homeless populations. They literally will not let thousands of willing builders build for millions in need of more affordable housing.

I may be off, but I get the same exact feeling as when trekking across Spain before the housing market crashed there: There are just not enough wealthy people to populate all these new things.

I'd save my cash and load up when there are ghost towns to be bought.

[Drj820]

I mean the reason Bitcoin is different is because it claims to provide real scarcity. Now, protector of old money Jamie Dimon claims their is no guarantee that once Bitcoin mines its 21st million coin that it will stop, but I think we can all see where he may come with an agenda. That said, if the scarcity holds as everyone assumes it will...that will drive the value up further. Its not like an alternative fiat where it can lose value as just more and more is printed. I do agree there are problems with how all of the real value of BTC is tied to its value when compared to the dollar, but that value does continue to go up the more people buy it...due to scarcity. So i dont think its like the problem of luxary housing or what not. Anybody can buy BTC, and more and more people will as the Government spies on peoples bank accounts who have $600 in their account...shameful.

[BF004]

I mean the reason Bitcoin is different is because it claims to provide real scarcity. Now, protector of old money Jamie Dimon claims their is no guarantee that once Bitcoin mines its 21st million coin that it will stop, but I think we can all see where he may come with an agenda. That said, if the scarcity holds as everyone assumes it will...that will drive the value up further. Its not like an alternative fiat where it can lose value as just more and more is printed. I do agree there are problems with how all of the real value of BTC is tied to its value when compared to the dollar, but that value does continue to go up the more people buy it...due to scarcity. So i dont think its like the problem of luxary housing or what not. Anybody can buy BTC, and more and more people will as the Government spies on peoples bank accounts who have $600 in their account...shameful.

I mean, there are dozens of legit coins, tens of thousands of them in total. Bitcoin's market cap is <50% of total crypto market cap, so transitions are already in place for much better, more secure, more energy efficient coins. I think Bitcoin will forever have intrinsic value in just being bitcoin, like gold. Gold is nowhere near the most scarce, useful metal, but just the fact it is gold holds value. But in terms of real potential currencies of the future, I think you gotta look further down the list of some other coins, like Cardano or Solana, or maybe ones like Ripple or Stellar Lumens. Quite possible the best coin of the future hasn't been created yet.

[BF004]

BTC finally broke they ATH and holding well.

Eth gunna be right behind.

Alts actually running on the bullish news most right now.

This is all still going to increase 1000% in 4-5 years, get as many coins as you can now.

[BF004]

[Captain_Ben]

BTC finally broke they ATH and holding well.

Eth gunna be right behind.

Alts actually running on the bullish news most right now.

This is all still going to increase 1000% in 4-5 years, get as many coins as you can now.

Do you think ETH can ever get to where BTC is now?

[BF004]

BTC finally broke they ATH and holding well.

Eth gunna be right behind.

Alts actually running on the bullish news most right now.

This is all still going to increase 1000% in 4-5 years, get as many coins as you can now.

Do you think ETH can ever get to where BTC is now?

I mean, something only like 1 in 10 people own crypto the US, more like 1 in 25 globally. And as of now just a speculation investment for the most part. If this actually becomes a part of life, currency, not just the US, but even a few places and holders increase by orders of magnitude and hold it for something substantial. God yes, we are talking 1000's upon 1000's % of increases yet. $600,000, let alone $60,000 for Ethereum isn't all that crazy to conceive far far down the road. Just my humble opinion.

[wallyuwl]

So heard Elon is starting his own crypto. Anyone else been able to confirm?

[paco]

Finally dove into the Crypto market! Bought about 13,700 shares of SHIB. For those playing at home, that cost me $1.

Also put in a very small amount on ETH. I don't have the big bucks to shell out. But want to dip my toe in and see what happens.

[BF004]

I am by no means a meme Doge guy, but I have been pumping it for a few weeks now. Bought ready to break its multi-month wedge. Hasn't had it's fall recovery yet like all other coins, meme energy and momentum in Shib gunna fade, lot will likely move back to Doge.

Look at that wedge break, I wouldn't be surprised if this breaks a dolla EOY at some point. Guessing it won't hold there at all, probably hit a good 30-50% pull back from peak like alt coins do.

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[BF004]

Finally dove into the Crypto market! Bought about 13,700 shares of SHIB. For those playing at home, that cost me $1.

Also put in a very small amount on ETH. I don't have the big bucks to shell out. But want to dip my toe in and see what happens.

I've been hyping Chainlink here for like a year now. Rumors started to swirl Meta (Facebook) will be using Chainlink as their primary blockchain pipeline. Would likely lead to a doubling or tripling of LINK just on the news, 10x easy potential if comes to fruition and gets adapted by a few other companies.




Already in with Mastercard and AWS, but only a little. So much room for this to grow, the tech is inevitable. Get yourself 100 coins of Chainlink, you''ll be able to retire in 10 years.

[texas]

[paco]

I jumped on that late, but will see if I get it. Aaron announced on the McAfee show that Cashapp is upping in to $1.5M in Bitcoin.

[BF004]

[BF004]

[go pak go]

Do people swing trade Crypto here at all?

I have BTC at roughly $30k but we have such a hard history of going up to new highs and then crashing back down and then going back up again.

I am thinking of an exit point of $80k or so and then seeing if i can get back in the $40k's.

[BF004]

So I talk about Chainlink a lot, and I’ll preface this with I have no clue what I’m talking about (relative to many), but of all the coins I’ve really dug into, Chainlink is the most practical, sustainable, usable, inevitable tech there is. Most other coins try to improve on bitcoin or ethereum tech or start a similar branch off of a new smart contract or blockchain.

Chainlink is very different in that is uses oracle nodes to tie, really anything, to smart contracts (Ethereum block chain) or really any other blockchain including bitcoin. All the coins and their networks and infrastructures are great. But there is still really nothing that gets use outside of their environment. Chainlink is like the internet for computers.

It is already the established protocol for companies that want to add their data to the Ethereum network. Ethereum better in nearly every aspect that Bitcoin from a practical sense, faster, cheaper, better contracts, less energy to add to the blockchain. So many companies will eventually move to smart contracts (sports betting, when the game is over, contract executes automatically, credit card transactions (already happening), insurance claims, payments for anything, bank transactions, stock trades). Ability to cut out 3rd party processing to get safer, faster, cheaper transactions is just gunna keep coming.

No other tokens have ever really stood out to me as such a good, smart bet. I have come to the conclusion most in crypto have no idea what they are doing, evidenced by like doge coin and shiba, those just have no real world uses other than speculation and store of value. Which is what bitcoin has become honestly. Those will be nice flashes in the pan and you can make a lot of money off those on good plays. Just see a world where Chainlink can literally return like 1000x on your investment in the next 8-10 years and i think it’s incredibly undervalued today in the short term as well.

Decentralized and fixed tokens with real use technology that uses link coins as the exchange for using the oracle nodes.

I don’t know, lot of rambling, watch some videos or read things from people much smarter than me.

World economic forum basically telling you Chainlink is essential to connect the real world to the smart contract blockchain world.



Get yourself 10 link and sit on them for 10 years and you’ll be set for life.

[BF004]

Do people swing trade Crypto here at all?

I have BTC at roughly $30k but we have such a hard history of going up to new highs and then crashing back down and then going back up again.

I am thinking of an exit point of $80k or so and then seeing if i can get back in the $40k's.

Absolutely, I look for wedges and technical patterns all the time and move some fiat around. Never a ton, but will like sell off like 10% polka dot when I think it’s at resistance and throw it on shib till I hit a price target or whatever, then flip it for solana or cardano. No idea what most of things really do. So just playing the casino. Feel like I’ve been coming out pretty well on some of those micro trades though just playing charts and following seasonality. Been kind of a known thing BTC moves first, then ETH, then major caps, then alts. So try to get ahead of those moves with like 10-20% of my portfolio. Pretty much just eth and link I never sell and only add.

[Captain_Ben]

Do people swing trade Crypto here at all?

I have BTC at roughly $30k but we have such a hard history of going up to new highs and then crashing back down and then going back up again.

I am thinking of an exit point of $80k or so and then seeing if i can get back in the $40k's.

I have. Bought in the summer of 2020 and sold the first time it reached $60k, around when Elon Musk announced that BTC would be accepted as payment for a Tesla. I don't regret having sold but do wish I'd have bought back in around $30k, like you did. Oh well, maybe there will be another dip soon.

[BF004]

If anyone is into Uniswap, my friend made this coin 2 days ago: https://www.dextools.io/app/uniswap/pai ... 8dee0ccc35

No idea what's going to happen. I put $250 in and it's at $8000 now, but the caveat is that I don't know that I could actually cash out if I wanted to.

It's not sketchy when you know it to be a worthless token.

494 holdlers as of tonight. Really does show that people will just buy about anything.

Hopefully you sold off [mention]texas[/mention] shortly after posting this in May.