Cryptocurrency Discussion

The Emperor's Lounge
#52

Wow…

First of all thank you for that in-depth look into these projects. I see that you are betting on tech and tokens that a lot of massive players and institutions are also betting on, kind of going down that “too big to fail” route, which I think is so smart.

I think I’ll be buying RICH Crypto soon and will take a page out of your book regarding my investment strategy :laughing:

Right now I only hold BTC, ETH, and USDC in a Celsius Network interest account.

But I will be expanding my horizons, these projects look innovative as FUCK haha

1 Like
#54

I only mine Pi so cannot assist you on that matter, mate. Sorry. Good luck though! :slight_smile:

#55

Thank you for all the knowledge bombs man :pray:

Now I gotta find a way to invest in Hedera! Their council is crazy stacked, and their use cases are so varied in industry :exploding_head:
Unfortunately, I live in one of the most crypto-hostile US states so Binance isn’t available to me…

1 Like
#56

That’s exactly the issue.

Most people want central banks to die out which is why we have crypto in the first place.

Not saying it’s a bad coin, but the purists just don’t want another centralized gov just with crypto this time lol

What do you think of the new De-Fi coins?

#57

DeFi is inevitable IMO. So the best DeFi coin should get money!

1 Like
#58

I think so, too.

Although I still think the names are stupid (CAKE, SUSHI, etc) and a bit childish (but so is society today) the coins themselves and the projects are very promising.

And for investors there is a HUGE upside!

I am big in $LINK for now. $SOL looks good as well. Any other recommendations?

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#59

Yeah I completely understand that but I don’t see the wealthiest entities in the world just sitting on the sidelines and letting themselves become obsolete.

DeFi is here to stay and will definitely change the world of finance. They might not be a complete replacement for the current system though, but more of a way of improving and integrating with the current system. Opinion article from Brian Brooks (former Comptroller of the Currency, now Binance.US CEO) https://decrypt.co/53881/defi-self-driving-banks-occ-brian-brooks. US regulations are coming sooner than later.

It would be cool for crypto to fulfill the original dream of it plugging the world completely out of the current system. But I don’t see that happening before they regulate the fuck out of it. https://youtu.be/zG4IUHVN7bM They want to retain control of the system while taking advantage of the benefits of DLT. You see the narrative being set in the past weeks and months about how bitcoin is destroying the environment and used for money laundering and blah blah blah. And people who aren’t into crypto or who believe everything they see are just eating that narrative up. I don’t even hold bitcoin but even I can see that all the FUD against it is pretty ridiculous when you actually put it in context. So I get why all the purists are pissed off. I’d be too. I just know that the biggest and wealthiest entities are gonna do everything they can to retain control of the new financial system. That’s why I’m placing my bets on them.

But yeah I definitely think DeFi protocols are still an excellent play. I forgot to mention but I have two airdrops coming to me in a couple weeks. Flare Networks and Flare Finance. Flare Finance is a defi protocol built on the Flare Network.

edit: Introductory video on Flare Finance. https://youtu.be/3QO_Ih-sfKM Mentions XRP holders in the vid cause those who held XRP for the Flare Network snapshot last December are gettting free Spark (FLR) airdropped in June/July. Flare Finance is doing a second snapshot and airdrop like a few weeks after Flare Network goes live for those holding FLR. The Flare Network itself is an entirely different beast that is worth looking into as well.

#60

Idk man, China banned crypto about 5 times. It’s still there?

They cannot REALLY regulate it until people accept it. But this is potentially the same thing.

Of course they’re not sitting on the sidelines, waiting. The question is how much power they REALLY have (personally, I also believe democracy in the West will die in the same sense anyway, but this is a different topic)

#61

Pure manipulation to scare people. Markets dumped after this and people panic sold. Iirc, the talks of banning were in regards to unsustainable mining practices, not banning bitcoin as a whole. Plays into the whole bitcoin is bad for the environment narrative the media, elon musk, the pope, etc are pushing. The headlines are always scary but never what they actually seem. Context is needed.

https://mobile.twitter.com/DocumentingBTC/status/1395781866528116738

But these are kinda different topics. I’m not talking about trying to ban crypto. I’m talking about regulations being put in place. Regulations would be about effectively integrating crypto into the current system.

If I’m wrong and they actually don’t have as much power as is perceived, I wouldn’t be mad. But still if China says miners can’t mine in china or have to use clean energy only, then those miners are gonna have to listen or move out the country to an unregulated place. If the US regulates the space and its citizens or businesses try to circumvent regulations, they’d be breaking the law.

#62

Just took a dive into $UOS after listening to that new RICH Ultima… For the gamers out there, this is a Steam disruptor. Has crazy partnerships and an established team with decades of experience and connections. Absolute gem.

https://youtu.be/QG4DQnKxdNc this video goes through everything

I’m gonna have to reposition my portfolio or find a piggy bank to break open.

3 Likes
#63

I’ve heard about UOS (Ultra) but I did not look deep into it. Will take a look when I have time.

There are lot of good projects out there. (And some shady ones too).

I have some into VET, DOT, DASH, VRA, THETA, ZIL, ICX, ONE.

1 Like
#64

@i_am

I hold a fairly large position in ANKR, as recommended to me by a colleague who’s an avid crypto trader. Thoughts on it?

#65

Big target! But if true, that’s a long-term hold for sure!

Anyone in $LINK?

#66

I’ve heard of it, but I’ll be honest I’ve done no research at all into ANKR or what it does so I don’t wanna give an uninformed opinion. Might have to look into it soon.

Yup, even if they capture just 1% of Steam’s market it’ll be very nice. Based on their team and partnerships with Ubisoft, AMD, and Atari, I think it’ll capture more than just 1%. Rumored they’re partnering with Tencent but not confirmed officially.

All very solid projects. I used to have VET and ZIL but decided to consolidate cause I felt like I didn’t have any meaningful amount. THETA and UOS are partnered too btw. Wish I would’ve gotten into Theta like a year ago lol.

3 Likes
#67

I personally got into $HOT. It tanked up in March, I got in it around January. The amounts it made me is comical. And I have a lot of it still as I’m very bullish on the coin.

The best part about this token is, they have an actual product built, and people can already run their projects on it. I’m myself learning building hApps and dApps, as the market is booming.

Another really important piece of advice, do NOT invest in coins which have already pumped 10x. As they can bring you sour moments.

Also, by NO means put a big chunk of your savings into crypto. Only the amount you can bear to loose.

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#68

Very nice. Holo has been on my radar for quite some time. Have heard a lot of great things but have not taken a proper deep dive yet.

Yes, this should be mandatory. Some of the big things I look for are utility and likelihood/potential of adoption. Investing in a project with no working product or no verifiable progress in developing and delivering a product is pretty silly. Seems obvious, but we do have a pretty large segment of people chasing memecoins or not even researching what they bought. Which at that point shifts crypto from investing in new tech to playing roulette. If someone wants to play crypto like they’re at the Bellagio, that’s on them. To them I say, godspeed.

#69

Been in crypto for 5 years, have had my ups and downs and my current focus right now is with DeFi projects just to bring in some more stable returns. It’s fun to look for moonshots but as time goes on, the crypto space gets littered with more and more trash and I’ve watched projects that I was interested in investing explode 50-100x while I sat on the sidelines because I was lazy and too disorganized. After watching it happen with 5 different projects this year (makes me mad just thinking about it), I got fed up and decided to just focus on stable returns.

My favorite project that I’m invested in the most right now is called BTCST (Bitcoin Standard Hashrate) because it tokenizes Bitcoin mining and introduces liquidity to mining; my idea is that it wouldn’t get hit as hard as other altcoins during market crashes since coins are always getting mined. I wanted to get into DeFi without having to deal with Ethereum’s obnoxious gas fees, so I went that way (I’m also in CAKE) because of the reduced fees associated with BSC. It also gives me more Bitcoin which I’m very interested in, because my personal technical analysis of charts makes me confident in believing that Bitcoin will be rising at a higher degree than the alt space in the next few months.

Of course, investing in BSC projects goes against all of my crypto ideals (because of the network’s centralized nature) but I’m willing to take the risk/make the sacrifice to make some extra moolah. If I invested only in my ideals, my returns while good, would be quite limited.

2 Likes
#70

Just picked up some $ALBT. Aligns completely with my theory in one of the posts above of DeFi and CeFi working and integrating with each other. Their whole purpose is bridging DeFi and traditional finance together. Great team and partnerships. Even connected to the London Stock Exchange Group partner platform.

https://blog.allianceblock.io/allianceblock-connects-to-london-stock-exchange-group-partner-platform-841b4e2b6908

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#71

Does anyone think crypto will recover back to where it was?Starting to lose a bit of faith with the weekly crashs,lol.Still HODL at the moment though.Im a buy and hold though so dont really analyze charts so just curious what people think since we have people running r.i.c.h crypto.Im probably gonna hold on till end of the year at least either way but curious what the more experienced think about crypto at the moment.

1 Like
#72

This question pops up every time it crashes. For years now.

If you’ve done your research on crypto you know that it isn’t going anywhere.

One thing is true though: markets can stay irrationally longer in a down turn than people have patience.

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