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Those venture capitalists buy projects like Solana early (with a discount), advertise it, pump their bags and then unload their load to poor retail investors.
Don't believe me?
Well, let's hear from themselves!
Please see the 1-minute video in the link.
Brutal, isn't it?
If you're holding Bitcoin, then congrats. You're holding the most scarce, hardest money ever.
If you're holding Ethereum, remember Ethereum is bleeding against Bitcoin since 2017. Ethereum still not reached ATH this bull run. Ether lost the magic after switching to Proof of stake.
If you're holding Solana or Cardano, you better not hold it for long term. Of course, it's your money, you decide what to do with your money but I don't want you to be sorry at the end of the day..
Altcoins come and go, Bitcoin is forever.
Even though Ethereum lost a lot of value against Bitcoin, still I see Ethereum in a different position then rest of crypto market. Ethereum will still probably be in Top 3 after 4-5 years probably. Rest? I'm not sure.. Don't be surprised if Solana disappears like Eos or Luna.
Friendly Reminder, Don't marry those altcoins. Don't let those ''Big gains'' lure you to the venture capitalists' trap.
Bitcoin is the only decentralized asset that you can hodl for long term.Last edited by Sawyer; 06-30-24, 02:32 AM.Comment -
Btc got a etf approved .. as some mentioned, bull cycles come after having.. yes, new ath for btc, yet eth tagged along as it did in prior bulls. It has led one cycle, might lead this cycle, it hasn’t even started yet..Those venture capitalists buy projects like Solana early (with a discount), advertise it, pump their bags and then unload their load to poor retail investors.
Don't believe me?
Well, let's hear from themselves!
Please see the 1-minute video in the link.
Brutal, isn't it?
If you're holding Bitcoin, then congrats. You're holding the most scarce, hardest money ever.
If you're holding Ethereum, well it means you lost some money since Ethereum is bleeding against Bitcoin since merge but still you're not doing so bad. (Remember, Ethereum still not reached ATH this bull run)
If you're holding Solana or Cardano, you better not hold it for long term. Of course, it's your money, you decide what to do with your money but I don't want you to be sorry at the end of the day..
Altcoins come and go, Bitcoin is forever.
Even though Ethereum lost a lot of value against Bitcoin, still I see Ethereum in a different position then rest of crypto market. Ethereum will still probably be in Top 3 after 4-5 years probably. Rest? I'm not sure.. Don't be surprised if Solana disappears like Eos or Luna.
I wouldn’t put sol on side of ada or eos .. it’s a different beast. And they aren’t going away. Eth and sol will be around in 5 years.. the strong L2’s are a place to start developing a long term position.. wonder if base drops a token also..Comment -
Ethereum is likely to stay around for at least a few more years, but I am not sure about Solana.
About Ethereum,
If Vitalik decides to quit Ethereum someday to pursue a different path, what will happen to Ethereum?
There are serious risks involved with Ethereum, especially after the approval of ETFs.
Make no mistake about it, the approval of ETFs was a big catalyst for Bitcoin. However, the same case does not apply to Ethereum. Why? Because Ethereum uses a proof-of-stake consensus system. The more coins you own, the more control you have over the network. You can even decide which blocks to validate. This could signify the beginning of the end for Ethereum.
There's a reason Ethereum has been bleeding against Bitcoin since the merge.
Ethereum is more decentralized than other altcoins but still not fully decentralized. There's a foundation, there are insider investors, and there are insiders. 70 million Ether was created out of thin air, and guess who received the majority of these tokens?
Bitcoin is the only truly decentralized crypto asset that you can hodl for years..
Bitcoin is the one.
If you disagree, I believe you will understand me when next bear market kicks in..Last edited by Sawyer; 06-30-24, 06:07 AM.Comment -
Why Altcoins are scam?
Those who hold altcoins have been through a lot. Crypto influencers affiliated with exchanges have convinced people to purchase worthless tokens issued by exchanges to cover their expenses during bearish period. Now, quietly, they are enjoying their gains by the seaside. Meanwhile, ordinary folks are left to face their evaporated investments. I anticipate the tokens hyped by influencers will plummet even further. Most likely, exchanges have dumped nearly half of their tokens on those poor souls, reserving the rest to unload on others if the market turns bullish again. They've successfully lulled people with talk of super projects. Altcoins are worthless goods. Until you find someone else like you, you're stuck with these worthless tokens. Just like the NFT craze three years ago, now it's AI, leaving many empty-handed. 99.99999% of altcoins are built on fraud. Once people accept this, they can begin making money in crypto.
Remember,
99.99% of altcoins are built on fraud.
Bitcoin is not crypto.
Stick with Bitcoin.Comment -
Bitcoin is a store of value. There are over 16,000 dApps, 4,000 built on Ethereum. The dApps built on Ethereum and Solana are used for DeFi, DePIN, gaming, NFTs and more. https://dappradar.com/
Solana is run like a business. It actual helps since projects on Solana have their hands in everything such as IoT and mobile phones. https://www.helium.com/
AI is just starting. Lots of cloud storage is going to be needed for these AI projects. Two good crypto sectors to be in. https://www.techtarget.com/searchsto...rage-offeringsLast edited by raiders72001; 06-30-24, 06:54 AM.Comment -
Bitcoin is solid but has its flaws. High above all its flaws, it's an excellent long term hold.
From a purely mercenary point of view, there will be a ton of coins that out-perform Bitcoin in the coming bull run. There will be silly meme coins with not much in the fundamentals department that will 10x, 100x, 1000x. I think most everyone understands this. In my experience, coins that go up super-fast eventually go down super-fast. Getting out at the right time is not written down anywhere. If you are fortunate enough to be in this position, at least make a moonbag (get your initial investment back).
Late 2017 was crazy. Rocket ships taking off everywhere. Some are saying this bull run could be similar.Comment -
boldEthereum is likely to stay around for at least a few more years, but I am not sure about Solana.
About Ethereum,
If Vitalik decides to quit Ethereum someday to pursue a different path, what will happen to Ethereum?
Eth doesn’t need vitalik at this point as satoshi isn’t needed for btc
There are serious risks involved with Ethereum, especially after the approval of ETFs.
It’s a product and it will trade differently
Make no mistake about it, the approval of ETFs was a big catalyst for Bitcoin. However, the same case does not apply to Ethereum. Why? Because Ethereum uses a proof-of-stake consensus system. The more coins you own, the more control you have over the network. You can even decide which blocks to validate. This could signify the beginning of the end for Ethereum.
that problem already exist in lido but there’s already incentives to not stake w them like rocketpool and eigenlayer.. the etf for eth will melt faces
There's a reason Ethereum has been bleeding against Bitcoin since the merge.
Yes, they got a etf.
Ethereum is more decentralized than other altcoins but still not fully decentralized. There's a foundation, there are insider investors, and there are insiders. 70 million Ether was created out of thin air, and guess who received the majority of these tokens?
you do know satoshi hold like 2% of the supply for btc right?
Bitcoin is the only truly decentralized crypto asset that you can hodl for years..
…. Which one? Which block size wins out in the end? What happens after the last block is mined. It’s all experimental, never forget that.
Bitcoin is the one.
If you disagree, I believe you will understand me when next bear market kicks in..
I see it as a form of money but it’s slow and expensive. A store of value but actual use case has happened on eth and it’s not even close. I like btc, but I also see the value in eth, the protocol itself, provenance, decentralization, and the things created on top of it. And now finding regulation for those things.. lev trading, nfts, lending/borrowing, stables, L2’s, memecoins, .. it’s not going anywhere. Eth is also money.Comment -
Sol will probably be around for a while for a different reason .. no one wants everyone on eth right now. It runs gas prices up. Sol is a cheap option but not as reliable. The network breaks down, but gambling on memecoins, people like to do it. They have a few decent nft projects and yeah that phone you’re talking about. There is a lot of institutional bags tho, so idk what the price for sol itself will look like but it ran from $8 to $160 in less then a year recently LolComment -
Gavin, Kamala, Michelle all at 5% likely chance to be dem nomination ….
should be a interesting one to watch over coming months, or if Biden makes a commitment to stay in race. He’s at a 21% of chance to winComment -
Thanks Chucky. I posted it here because it’s probability on future related events on polymarket.. it’s crypto related. People are putting their money where their mouth is on what’s probable outside of just having an opinion.. they’re using the polygon network for this ..
goes to show people will be using blockchain and ethereum without even knowing they are..Comment -
Buy the dip.Comment -
Salud, Freeze. Makes sense.
I can say this. I feel like the politicians are embarrassing themselves at a more regular pace nowadays. Biden is a figurehead, I think that most see this.
I do think that more people are coming to their senses. Past failures of the American leadership will eventually come home to roost. The money-printing is a joke.Where's the fuckin power box, Carol?Comment -
Sold all my Bitcoin and Ethereum at $71,000 now I buy in at $59,000 during this dip.
It could drop down to $55k to $50k. But I don't mind hodling at 59k.
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Safedin talks with Congressman about possible future legislation.Where's the fuckin power box, Carol?Comment -
https://www.theblock.co/post/303518/...ypto-exchangesGerman government transfers additional $175 million in bitcoin, including $75 million to crypto exchanges
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Listening right now.
Thomas Massie of Kentucky is one of the few good guys in Congress - truly supports the constitution. He's working for "the people". Most of the others are working for their bank account. I got mad respect for the guy.
You're on the right track, Chucky.Comment -
Be careful.
You're playing with fire.
Do not try to time the market.
Remember, time in the market beats timing the market, period.
Best Bitcoin strategy is to HODL and keep calm. Take it easy guys. This cycle is very soft. I miss old %33-34 corrections (sigh)Comment -
BREAKING: Donald Trump Touts Bitcoin As Strategic Reserve Asset For The US
https://www.mitrade.com/insights/new...41703-20240704
According to a Forbes report, former President Donald Trump has recently expressed strong support for Bitcoin (BTC), igniting discussions about classifying the cryptocurrency as a strategic reserve asset.
In a social media post, Trump acknowledged BTC’s geopolitical significance and warned against policies that hinder its growth, stating that such actions would only benefit China and Russia.
This endorsement positions Trump as the first major political party nominee to embrace Bitcoin and has brought attention to BTC as a strategic reserve asset.
Political Leaders Propose Backing US Dollar With Bitcoin
Bitcoin-friendly political leaders and influencers have advocated for considering BTC as a strategic reserve asset. Since January, Vivek Ramaswamy, a former presidential candidate, has been advising Trump on Bitcoin and digital assets.
Per the report, Ramaswamy proposed backing the US dollar with a basket of commodities, including BTC, to curb inflation and maintain the currency’s value over time.
Senator Cynthia Lummis, known as the “Crypto Queen” of Congress, suggested that the Federal Reserve diversify its foreign currency holdings by adding BTC to its balance sheet.
Lummis believes that Bitcoin is an excellent store of value and sees the benefits of the country diversifying its investments.
BTC’s Impact On The Nation’s Economy
The discussion around Bitcoin as a strategic reserve asset raises questions about how the United States could leverage the digital commodity to strengthen its fiscal health and geopolitical position.
Alex Thorn, head of firmwide research at Galaxy Digital, told Forbes that BTC’s decentralized nature and sound properties make it well-suited to play a growing role in geopolitics and international trade.
Thorn emphasizes that BTC’s network layer could expand to include nation-states, transforming it into a valuable tool for economic statecraft.Last edited by Sawyer; 07-04-24, 03:43 PM.Comment -
Agree. I've never understood this strategy - the swing trading of Bitcoin.
Say, you buy BTC @ 30K. It goes up to 40K and you sell. It dips to 35K and you buy again but get less this go round because it cost more. BTC then goes to 50K. You sell again. It dips to 42.5K and you re-buy again but get less because it cost more, etc, etc.
Is this not diminishing returns on short term gains? Why not just buy at the best price you can get (or DCA down when available) and then hodl till the cows come home?Comment -
You are correct - buying low and selling high always works out to the positive as long as number go up.
Check my math here:
Say you were fortunate enough to buy one whole Bitcoin @$10K. Bitcoin goes up to 40K and you sell .25 Bitcoin (worth $10K) to get your initial investment back. Congrats, you've just created a moonbag of .75 BTC - bought and paid for. (a perfectly acceptable stopping point, IMO).
Then, Bitcoin dips to $35K and you spend your $10K again to get back in. This nets you .28571 Bitcoin (10K divided by 35K). Add the .28571 BTC to your stash of .75 BTC and you have a total of 1.03571 Bitcoin valued at $36,250 (Bitcoin still at $35K). Should Bitcoin go back up to the price of $40K again, your stash is now worth $41,428.57 and you are still out your initial $10K investment.
How long did all of this take? Was the swing trade worth it? Taxable event? Fees? All things to consider....Comment -
55,500
It's always fun to sound smart on BTC. Right now, price is taking a beating. I (for one) didn't see this coming.Where's the fuckin power box, Carol?Comment -
226k traders liquidated in the last hour GGComment -
Wild.
This is when people get rich.Comment -
This bull season feels rather mild. The biggest correction we've seen so far is a mere 25%. I miss the days of those sharp 34-40% corrections.
2016-2017
2023-2024
• -23% (feb 2023)
• -21% (apr/may 2023)
• -22% (q3 2023)
• -21% (jan 2024)
• -23.6% (apr/may 2024)
I love bear markets! It's a time when you can buy Bitcoin at a discount.Last edited by Sawyer; 07-05-24, 08:14 AM.Comment -
I just started using the Phantom wallet to manage all my Solana stuff. Any tips?Comment -
Was watching that. For some reason, people think the Mt Gox people will sell when they receive their coins.
Unless they have rent due, why would they Sell? If you follow any of the trends, BTC is going into Cold Storage a lot more regularly (compared to being sold on Exchanges).
I'm 100% cool with any of the price oscillations. I don't fret.Where's the fuckin power box, Carol?Comment
