Crypto-trading thread

1,097,409 Views | 10842 Replies | Last: 5 hrs ago by jamey
jamey
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AG
With my limitations, im just looking to see if BMNR gets back down into the 30a or 40s again to buy more.
jamey
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LatinAggie1997
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MRB10 said:

LatinAggie1997 said:

Ignorant. You parrot what others with an agenda claim. It's embarrassing but to only we that know.


This perspective is enough for me to ignore and immediately discount any coin, product, etc. you're promoting. Thanks for being honest.


" I also agree that ADA is on the same level as dogecoin from a use case standpoint. "

I see a lot of talk, promises, and narrative but very little substance that people value.

I wasn't being honest as much as my opinion being predicated on your comment. Your thoughts on Cardano are grossly inaccurate and are similar to the tripe influencers spew that dislike Cardano. (Most having big bags of Eth, Sol)
You shouldn't invest in what you don't understand or without accurate information.


If I could be proven 100% correct but others on here would lose money, I wouldn't like it. I would prefer being mostly correct and everyone doing well. Lots of catalysts coming the next 60 days that will open eyes. Many realize it now and that's why ADA is pumping more consistently than others currently.


Thunderstruck xx
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Lots of jumping to conclusions and jumping on influencer bandwagons in this thread. I'm going to ignore all that noise. Crypto is such a wildly changing space that anything can happen. So what if ETH has lot's of stablecoins and people/institutions jumping on the bandwagon. Sentiment can change and money can move to other blockchains quickly.

My crypto investments are spread out between BTC, ADA (and a mix of Cardano native tokens), and ETH (plus LINK).
jamey
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Thunderstruck xx said:



My crypto investments are spread out between BTC, ADA (and a mix of Cardano native tokens), and ETH (plus LINK).



What's your allocation among those cryptos?
LatinAggie1997
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To each their own, but i realized along with other prominent investors to go the opposite direction of the masses. Once you follow big money you are their liquidity and the major gains are over.

I am going to avoid this thread and will on occasion post on my Cardano thread. Everyone has dug in and become an "influenced maxi".

Many will do well and some will do exceptionally well.
BTHOcrypto!
jamey
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I'd buy some cardano if they had an ETF
LatinAggie1997
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jamey said:

I'd buy some cardano if they had an ETF


https://bitcoinist.com/cardano-grayscale-etf/amp/
Thunderstruck xx
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jamey said:

Thunderstruck xx said:



My crypto investments are spread out between BTC, ADA (and a mix of Cardano native tokens), and ETH (plus LINK).



What's your allocation among those cryptos?


Right now it is the following:

70% BTC
20% ADA (includes ADA native tokens)
8.5% ETH
1.0% LINK
0.5% XLM (planning to sell this if it ever goes up again)

If ADA ever takes off it will become a much larger percentage since I own many whole ADA tokens. I haven't added to ETH since my initial investment in 2021.
MRB10
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Im waiting for someone(you/anyone) to point out a decentralized service, product, or anything that is only available on cardano that solves an everyday problem.

Bitcoin aims to be a better money and payments network.

Ethereum hosts some stablecoins, and banks seem to be talking about it, but I agree it's too slow and expensive to be something I would personally use. I sold all of my ETH when it went to PoS.

Solana is tbd. Helium is actually being used as a cell phone network and is hosted on solana. Again, a few businesses talk about doing things but the jury is still out. I don't like how centralized it is and got a sour taste in my mouth when the system crashed multiple times during the last run up. I have a Helium miner that gets converted to SOL but do not invest in it.

Give me an example similar to the above for Cardano. Again, I hear a lot of hype, promises, and narrative but have yet to see anything on it that people might want to use or implement in their daily lives.
“There is no red.
There is no blue.
There is the state.
And there is you.”

“As government expands, Liberty contracts” - R. Reagan
Thunderstruck xx
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MRB10 said:

Im waiting for someone(you/anyone) to point out a decentralized service, product, or anything that is only available on cardano that solves an everyday problem.

Bitcoin aims to be a better money and payments network.

Ethereum hosts some stablecoins, and banks seem to be talking about it, but I agree it's too slow and expensive to be something I would personally use. I sold all of my ETH when it went to PoS.

Solana is tbd. Helium is actually being used as a cell phone network and is hosted on solana. Again, a few businesses talk about doing things but the jury is still out. I don't like how centralized it is and got a sour taste in my mouth when the system crashed multiple times during the last run up. I have a Helium miner that gets converted to SOL but do not invest in it.

Give me an example similar to the above for Cardano. Again, I hear a lot of hype, promises, and narrative but have yet to see anything on it that people might want to use or implement in their daily lives.


Bitcoin is too slow and uses too much energy to be the network of choice for defi. Cardano is aiming to be BTC's first L1 defi layer. The problem I see with many on this thread is that they want to trash talk something just because it is still under development. Most significant money is made when you invest in things you believe in EARLY. Cardano is in that early stage right now, and it seems poised to explode as more people catch on. DYOR and invest in what you think has the biggest upside.
Thunderstruck xx
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jamey
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This guy does not think ETH gets back to all time highs because its old technology, the problems already mentioned here..etc.


What's hard to reconcile is if thats the case, then a lot of banks, Robinhood, treasury companies..etc are investing otherwise

I can see where ETH may not be the end game, years down the road but for now there appear to be a large funded ETH army already on the road.


MRB10
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I'm sorry but that's nonsense. Bitcoin isn't trying to enable defi. Its community has actually rejected attempts to make it more developer friendly. Comparing the two is like comparing Visa to a tech start up.

Ethereum has been around for 10 years, so not much longer, and the difference in the amount of amount of development/progress is night and day.

Solana has been around for 5 years and I can at least name one thing developed on the network that people kind of use.

If what you say is true, then Cardano has literally been in the early stages since its creation 8 years ago. I'm still waiting for someone to give me an example of a product or service people actually use.
“There is no red.
There is no blue.
There is the state.
And there is you.”

“As government expands, Liberty contracts” - R. Reagan
Yukon Cornelius
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There's institutions and there's retail. Primarily crypto has been used by retail. So retail looks negatively on ethereum because of transaction cost and relatively slow speed compared to newer chains.

However when institutions are evaluating they aren't concerned with transaction costs and speed. Ethereum is insanely faster compared to their current settlement time. What they care about is security. They are talking about moving billions to trillions of dollars onchain. Ethereum has the longest run time with zero down time. No other chain even comes close to touching that level of dependability. It's why blackrock has a multimillion dollar fund on it, it's why robinhood and JPMorgan are moving there etc.

How does ethereum keep that market share over a decade or so? Who knows.

But this what no one seems to grasp. IF you're an institution going through your due diligence there is literally only one chain to use currently. And it's ethereum.


Now the downstream question is does that level of adoption push value to the eth token?

Tom Lee believes yes because if institutions load trillions of dollars of value onto it they will want a staking share. And that's where BMNR comes into play.

There's another layer (no pun intended) Coinbase' layer 2. Is also where JPMorgan is going. Likely because they own shares in Coinbase. So it's their means of retaining influence while benefitting from the ethereum security.
LatinAggie1997
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Nope, you can research it yourself or don't. But please be upset with the folks that you pay attention to re Cardano if all are proven wrong.
MRB10
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I won't be upset. BTC is the only digital asset I'm currently interested in and its success is not going to be at the expense of ADA or vice versa. ADA will either remain vaporware or it won't and will live or die on its own merits.
“There is no red.
There is no blue.
There is the state.
And there is you.”

“As government expands, Liberty contracts” - R. Reagan
Yukon Cornelius
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I've shared this before. And the end of the day everything is noise. It comes down to what JP Morgan does. And this is an internal presentation of what they believe they coild do on a blockchain. I've followed them for years waiting for them to determine which direction they would go.

They finally announced going to ethereum a couple of months ago. I immediately started rotating into eth. And then we get Tom Lee emerging with BMNR shortly after too. Wonder what he knows.


LatinAggie1997
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Many people grasp that institutions dove into Ethereum because of preexisting relationships (insiders and VCs) and that Eth can be more easily controlled (a small group can control the network). It's already happening and many media have discussed it.
The flaws are irreparable regardless of how many institutions invest. They were late and want to get in and get in hard.
Eth will survive but it won't flourish past another 12 months (my opinion and my timeline). I equate it to as if Wall St invested in Blockbuster one year before Netflix approached them. We all know what happened, except in this case let say Blockbuster became Redbox instead of disappearing.
jamey
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LatinAggie1997 said:

I equate it to as if Wall St invested in Blockbuster one year before Netflix approached them. We all know what happened, except in this case let say Blockbuster became Redbox instead of disappearing.




I had an boss a long time ago, around Netflix early adoption era that invested in blockbuster. I told him there's some wagon wheel makers still in Indiana he may want to check out
Leander
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.
Leander
Leander
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The amount of DATs currently in the works is staggering. I have never seen anything like it ever.

I think if you were around for Olympus in 2021 and the forks that followed, you know how it ends. The mechanics are exactly the same.
Leander
jamey
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No idea what that means
Thunderstruck xx
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You lost me at Olympus
LatinAggie1997
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AG
He is referring to Treasuries and the Olympus DAO.
aggieland28
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What's up y'all. I'm a 19 year old ag, been in the market for a while, since 2017, so I've been exposed to market macro ideas for a time. Focused on value investing and finding companies that I believe have a stronger balance sheet and potential for growth. Not really focusing on price so much as focusing on company strength over the long term (my long term thinking in 7 year time horizons). But I've been 100% securities since I entered the market, and I'm looking to move a portion into crypto. Wondering if y'all could point me in the right direction to read for myself and understand, or any valuable advice y'all would give.
LatinAggie1997
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Read everything you can regarding projects. Strong fundamentals and strong communities are paramount Watch YT and X influencers only for updates and not advice, follow devs on discord.
Look at projects exactly like your timeframe. Too many want to support the hare and ignore or laugh at the tortoise. The tortoise will cross the finish line and be around for the next race.
I invest a lot where the masses aren't going and a little where they are, because once th3 masses know about it the gains are minimal.

Always question if the source of information has an agenda. Look for .

Be cautious.
Heineken-Ashi
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Ryan Wilday is one of the best crypto traders I've come across. He uses Elliott Wave as his basis for trading, but he's one of the best technical traders I've come across with his understanding of volatility and how to properly use a risk/reward approach. He holds a monthly public webinar where he focuses on Bitcoin and where he sees it going as well as other opportunities. He will for sure touch on ETH and maybe a couple other alts. Here's the link. It's at 10:30 CT.

https://attendee.gotowebinar.com/register/1727826897295774299
Yukon Cornelius
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99.9% of crypto is VC vaporware scams waiting to dump on new buyers.

Tske for example Cardano, just because it's been a relevant topic of late. People pushing narratives it'll be able to do X Y or Z. But If you look at the data there's only about 38 million dollars of stable coin on its chain. It's effectively a dead chain. Yes the token gets pumped etc but the use case or narrative is absolutely bunk.

No one is actually using it for what the narratives say. And this isn't anti Cardano. This is the case for 99.999999 of all crypto.

When real world assets and equities and MM get tokenized all these cryptos will go to the wayside.


If you're looking at long term investment I would only consider infrastructure for institutions. But even then the publicly traded companies might just be a better buy anyways. Like JPMorgan and CRCL etc.

We also are pretty far into this cycle. Maybe it's prolonged but I would be even more cautious about buying right now. A lot of money has a lot better entries.
techno-ag
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My advice is download the Coinbase app and start reading. They've got tons of articles.
Pro College Station Convention Center
LatinAggie1997
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Cardano has no VCs and that is why you are a misinformed troglodyte. The tokens you pump are all VC and insider backed. Yukon is a Ran N and Raul P. groupie.

Watch news cycles and see who is spending lots of money to promote their "ideas" and "predictions". Tomny Lee is spending lots of money to get his thoughts on Eth in front of retail. Why are all the institutions going on shows and pumping their positions, i mean specific tokens?

So some research or learn the hard way.

Yukon Cornelius
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I'll make the point with a less emotionally charged token for some.

XTZ. Tezos. Big time name back in 2019-2020. Was going to be an eth killer, btc killer, the next best blockchain etc. faster, more secure, more utility, was going to be adopted by so and so etc etc.

Tezos was a top 10 cryptocurrency by marketcap. Now it's outside the top 100. Why? What happened? Because no one actually used the chain. All the narratives, all the hype etc are meaningless if dollars aren't being onboarded to the chain.

Liquidity is king.
jamey
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The crypto world reminds me a lot of the NYSE vs the penny stocks OTC world.

So far I've only bought things with an ETF, not so much because the ETF validates it in my mind but because it makes it widely available outside a niche techie world. I think everyone has heard of bitcoin, ethereum and ****coins. But the vast majority aren't going to dig very deep at all to invest.

LatinAggie1997
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AG
What Yukon leaves out about Tezos is that the founders had big disagreements, they faced lawsuits, and legal scrutiny, plus they did not have a big active established community.
Any of those issues is a burden, together it was an anchor. Add in the other issues and you get 2025.
Well researched folks didn't get into Tezos despite a few influencers pumping it.
MaroonStain
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That's it. I'm cashing out crypto even though I am 40% up green since I started in May. 1st couple of months were tough but now paying off but all good things must end because TA knows stuff. #sad
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