Crypto lounge thread

BURNΞR

Pelican
Agnostic
There were different periods of my approach to XRP and my final was just to cash out (or switch to BTC if favorable) during this bullrun (my conservative goal price was $1, but I was hoping for better of course).
Now I am a little bit lost, BTC is doing good, but I have only small position in it. I bought at the end of this summer for around $2.5k. Actually it was accidental, I had some extra cash so I told myself, that I will put it into BTC as emergency, if something bad happens with XRP. And at the end, it played out as good move. Unfortunately I my XRP were worth only 0.2BTC, when I sold it after SEC dump.
But I don´t want to end with broke ass this bullrun and it´s putting pressure on me.
There are many predictions right now. There might be huge corrections around 30k and pullback to 20k. If I cash out at 30k and buyback at 20k, it can double my BTC position (and more revenues can come from possible altseason with ETH). But on the other hand, there many people eyeing 100k and I don´t want to watch BTC climbing up with cash in my hands.
You've made the tough call and it's looking like you made the right one. Xrp is stuck under 30¢ while other alts are gaining ahead.



Basically he says if XRP goes above 41¢ he will enter and it needs to stay above 24¢. I imagine it will revisit 41¢ but that might be at the end of the 2021 bull run after all the other alts have pumped the new ATHs.

I expect btc to 100k and ETH to 3-4k. At the end of 2021. XRP might go to $1-3 in the mania of it all but I don't expect it to go much farther.
 

Coja Petrus Uscan

Crow
Orthodox Inquirer
Gold Member
There were different periods of my approach to XRP and my final was just to cash out (or switch to BTC if favorable) during this bullrun (my conservative goal price was $1, but I was hoping for better of course).
Now I am a little bit lost, BTC is doing good, but I have only small position in it. I bought at the end of this summer for around $2.5k. Actually it was accidental, I had some extra cash so I told myself, that I will put it into BTC as emergency, if something bad happens with XRP. And at the end, it played out as good move. Unfortunately I my XRP were worth only 0.2BTC, when I sold it after SEC dump.
But I don´t want to end with broke ass this bullrun and it´s putting pressure on me.
There are many predictions right now. There might be huge corrections around 30k and pullback to 20k. If I cash out at 30k and buyback at 20k, it can double my BTC position (and more revenues can come from possible altseason with ETH). But on the other hand, there many people eyeing 100k and I don´t want to watch BTC climbing up with cash in my hands.

I think you made the right decision to switch to ETH. IMO it has the strongest case of all coins, outlined elsewhere. BTC has hit the old ATH plus almost 50%. I am also seeing a pullback to $20K or so. To play that, sell and give yourself a buyback price if it gets away from you. If you want to play that game and get it wrong then maybe you loose 10%.
 

tomzestatlu

Kingfisher
Agnostic
You've made the tough call and it's looking like you made the right one. Xrp is stuck under 30¢ while other alts are gaining ahead.



Basically he says if XRP goes above 41¢ he will enter and it needs to stay above 24¢. I imagine it will revisit 41¢ but that might be at the end of the 2021 bull run after all the other alts have pumped the new ATHs.

I expect btc to 100k and ETH to 3-4k. At the end of 2021. XRP might go to $1-3 in the mania of it all but I don't expect it to go much farther.
I don´t think there will be any reason to invest in XRP anymore. It was promising from that point it´s price went really low during bear market and it was covered by company, which seemed to be decent. Even though it can eventually catch up and follow altseason, there will never gains as could be before SEC, in my opinion.
I think you made the right decision to switch to ETH. IMO it has the strongest case of all coins, outlined elsewhere. BTC has hit the old ATH plus almost 50%. I am also seeing a pullback to $20K or so. To play that, sell and give yourself a buyback price if it gets away from you. If you want to play that game and get it wrong then maybe you loose 10%.
I sold BTC just when it reach it´s ATH for ETH (now I´m all-in in ETH). Exactly what yo uwrite is my plan. I think that 30% correction of BTC is pretty possible, ideally with skyrocketing alts. If the scenario plays out, I can easily double my position in BTC then.
 

Coja Petrus Uscan

Crow
Orthodox Inquirer
Gold Member
I don´t think there will be any reason to invest in XRP anymore. It was promising from that point it´s price went really low during bear market and it was covered by company, which seemed to be decent. Even though it can eventually catch up and follow altseason, there will never gains as could be before SEC, in my opinion.

I sold BTC just when it reach it´s ATH for ETH (now I´m all-in in ETH). Exactly what yo uwrite is my plan. I think that 30% correction of BTC is pretty possible, ideally with skyrocketing alts. If the scenario plays out, I can easily double my position in BTC then.

BTC took a good hit today, though recovered a lot. And we have seen good runs for ETH; and of the top 100 coins the ones with 10%+ gains are almost all sub-50 market cap. So far this really has seen the gains heading to top coins. But it now looks like we could see the repeated 'altseasons' we saw in the 2017 rally, when BTC pumped, before that pump dissipated to alts, back to BTC, to alts...

Many alts had a good run out of the March crash, but have been quite sluggish of late. One worth a small allocation:

 

Palo Cristi

Pigeon
Orthodox
LINK will attract projects that aren’t crazy about ETH and Vitalik. Sergey has focus and direction in my opinion.

EWT could be the first blockchain to connect the worlds energy grid. There’s a lot of tree huggers in that space to include Elon yet I’ve learned you cant fight the heard when it comes to investing. We will soon see.

SNX has an established track record for DEFI and I believe we are at the very beginnings. Downside is they are taking over Wall Street and the Banks which will bring grief their way. I‘m in this one for the pleasure.
 

oilbreh

Woodpecker
Link is not in the same space as eth. It's data oracle's and would compete with Band. Link does have some more advanced stuff they are trying to do like trustless environments to run code (a machine can run code without public visibility and just gets verified through other machines).
Competition to ETH would come from stuff like Cardano, algorand, elrond, eos, tezos, cosmos although none really managed to capture serious interest from devs ( tezos launch was horrible). I think Cardano will really have people behind it because hoskinson use to be the ceo of ethereum and has a vision to growth hack it.
Avoid any tokens trying to solve a singular world problem, water purification, construction, electricity, shipping, supply chains. Avoid avoid avoid.
 
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Palo Cristi

Pigeon
Orthodox
Very true, I should have said the familiar erc20 token on ETH will loose out to better tech and competition going forward.

I support your view on Cardano and wonder why it hasn’t already happened.
 

oilbreh

Woodpecker
Cardano hasn't fully launched yet. They have only this year released their staking mechanism and allowed people to stake. Smart contracts are coming and I think ready any week now with interpreters for solidify and java or some big language first. This will have dapps ready to go when they launch fully (kinda like a dev game console for now). I'm still waiting to see how their game theory with staking works out. A big issue with staking is that large exchanges hold so much supply and can be a risk.
 

Palo Cristi

Pigeon
Orthodox
I’ve had it on my watchlist and allowed some of the bad press regarding venture capital being used for income to stop me.

Next time I’m on an exchange I’ll pick some up and add it to my OCEAN and UBT category; possible upside outweighs initial investment risk.
 

BURNΞR

Pelican
Agnostic
I don´t think there will be any reason to invest in XRP anymore. It was promising from that point it´s price went really low during bear market and it was covered by company, which seemed to be decent. Even though it can eventually catch up and follow altseason, there will never gains as could be before SEC, in my opinion.

I sold BTC just when it reach it´s ATH for ETH (now I´m all-in in ETH). Exactly what yo uwrite is my plan. I think that 30% correction of BTC is pretty possible, ideally with skyrocketing alts. If the scenario plays out, I can easily double my position in BTC then.

This is exactly my thoughts over the past week. Post-SEC only degenerate gamblers will buy XRP. Exchanges are falling over themselves delisting XRP for US customers. When that settles it'll be fall out from the SEC case. It's going to hit $0.1X in the near future. Might go back to $0.30 after all other alts take off to their previous ATH prices.

My advice to everyone here is to take profit into BTC instead of waiting for a good fiat price. Assume BTC goes to 100k end of 2021 and take profits accordingly. Even 10btc will make you a millionaire.
 

BURNΞR

Pelican
Agnostic
My alt picks are going to be way more conservative because of the SEC:

ETH
LTC
XMR
ADA
LINK

ADA and LINK are riskier because of SEC but higher reward. Both should be out of reach for SEC since they did not ico or sell to US customers. I like ADA because of price. Retailer psychology tells me they will be more comfortable buying into $0.18 instead of LINK which is $12.00+. Both are good.

ETH is the leader of alts thanks to SEC clarity so I expect this to follow BTC up to 100k. I guess it will end up being over 3k USD.

LTC and XMR for their decentralized nature that cannot be tapped by the SEC. XMR is only 3b cap so there is tons of room to go up.

EOS is another one that might do ok. I think this is garbage but it has SEC clarity and so I expect people to pile into this just for that reason.
 

cosine

Robin
Can anyone explain the scale of volume with cryptocurrencies compared to stocks? Why on earth are they SO high? How and why does 20%+ of ETH trade every single day?

From coinmarketcap:
BTC:
Market cap: $500B
Volume: $45B
Volume as % of Market Cap = 9%

ETH:
Market cap: $83B
Volume: $18B
Volume as % of Market Cap = 21.7%

Tether/USDT:
Market cap: $20B
Volume: $71B
Volume as % of Market Cap = 355%

Compare to:
AAPL:
Market cap: $2,320B
Volume: $13.7B
Volume as % of Market Cap = 0.59%

GOOG:
Market cap: $1,200B
Volume: $1.20B
Volume as % of Market Cap = 0.22%

AMZN:
Market cap: $1,650B
Volume: $11.57B
Volume as % of Market Cap = 0.70%
 
Can anyone explain the scale of volume with cryptocurrencies compared to stocks? Why on earth are they SO high? How and why does 20%+ of ETH trade every single day?

From coinmarketcap:
BTC:
Market cap: $500B
Volume: $45B
Volume as % of Market Cap = 9%

ETH:
Market cap: $83B
Volume: $18B
Volume as % of Market Cap = 21.7%

Tether/USDT:
Market cap: $20B
Volume: $71B
Volume as % of Market Cap = 355%

Compare to:
AAPL:
Market cap: $2,320B
Volume: $13.7B
Volume as % of Market Cap = 0.59%

GOOG:
Market cap: $1,200B
Volume: $1.20B
Volume as % of Market Cap = 0.22%

AMZN:
Market cap: $1,650B
Volume: $11.57B
Volume as % of Market Cap = 0.70%

Because of the volatility there are a lot of people that try to trade, not just buy and hold. Meaning they sell for a 20% gain and try to rebuy once the market cools and the price goes down.

Also crypto is 24/7, stocks are ~7 hours 5 days a week.
 

Stats

 
Banned
Ledger Hack with Antonop and friends...


We've now learned that the Ledger cryptocurrency hardware wallet database hack affected 300,000 people who have either purchased a hardware wallet from the company, joined Ledger's mailing list, or otherwise had contact with the company. Is your name, address, email included in the Ledger database breach? In this event, we will be talking about keeping your bitcoin and other cryptocurrencies secure, even though your data has been published. We'll also talk about how to prevent your data from appearing on these sorts of databases in the future. - Andreas Antonopoulos author of Mastering Bitcoin, Mastering Ethereum, and many other books, this is his channel.
So if you baught one through amazon are you affected?
 

Deepdiver

Crow
Gold Member
So if you baught one through amazon are you affected?
TLDR Version the Ledger hardware and your Cryptos on the hw wallet are secure but the database with the info you provide to register and activate the App to interface to your HW wallet was hacked and hackers are sending a range of phishing emails telling you you must provide your HW wallet secret words to upgrade to a "secure" Ledger nano device... This is a Con Game Do Not answer these phishing emails .. or texts ... DELETE THEM ... Get a new encrypted Protonmail address and change you Ledger App account details email and passwords NEVER GIVE ANYONE YOUR SECRET RECOVERY WORDS!

HTH...
 
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