- Joined
- Apr 29, 2012
- Messages
- 45,719
- Reaction score
- 22,196
Economy Bitcoin heading into the stratosphere again soon to hit 30,000 each
- Thread starter PEB
- Start date
- Joined
- Dec 8, 2006
- Messages
- 58,038
- Reaction score
- 71,878
Google trend; "Buy crypto"
This is not a good sign. It shows a lot of "dumb money" is entering, and that means "smart money" will dump on them soon.
There's going to be a lot of people getting torched in this one. Unless you're a whale, it's too late to get in on Bitcoin IMHO. There are a lot of other crypto options out there but a lot of people are going to get smoked.
- Joined
- Apr 29, 2012
- Messages
- 45,719
- Reaction score
- 22,196
Which ones do you recommend?
- Joined
- Dec 8, 2006
- Messages
- 58,038
- Reaction score
- 71,878
Brother, I WANT every sherperson here to stack their cheese! But I can't recommend anything at all. I'd hate for ANYONE to lose any of their hard earned scratch.
- Joined
- Apr 29, 2012
- Messages
- 45,719
- Reaction score
- 22,196
Lmao. Like**
Yea, I'm very conservative in this department....meaning I know Jack shit...so I'm not going invest anything heavy
- Joined
- Apr 29, 2012
- Messages
- 45,719
- Reaction score
- 22,196
I sent you a PM
- Joined
- Apr 29, 2012
- Messages
- 45,719
- Reaction score
- 22,196
How much have you invested in DeFi?
- Joined
- Apr 23, 2009
- Messages
- 3,278
- Reaction score
- 1,096
There is no need for hundreds of crypto's. A lot of people will get smoked regardless of one or a few of these garnering wide spread adoption. We don't even know if any will or which ones although Bitcoin appears to be the favorite.
- Joined
- Apr 29, 2012
- Messages
- 45,719
- Reaction score
- 22,196
Might purchase a couple of Litecoins.
They are hovering about 214.00 per coin
They are hovering about 214.00 per coin
- Joined
- Jul 31, 2012
- Messages
- 3,303
- Reaction score
- 5,679
90% of crypto are doomed to fail. Lots of scammers, too many coins and tokens for the same roles. It"s possible to hit big with sleeper ones but at this point is basically gambling.
You got to research and go after the ones who have their purposes and are good at It. Reserve of value, smart contracts, DeFi, oracles. Do your learning, seek knowledge and you'll probably be safe in your investiments in crypto.
You got to research and go after the ones who have their purposes and are good at It. Reserve of value, smart contracts, DeFi, oracles. Do your learning, seek knowledge and you'll probably be safe in your investiments in crypto.
- Joined
- Apr 29, 2012
- Messages
- 45,719
- Reaction score
- 22,196
What about Litecoin or ethereum? Thoughts on those?
- Joined
- Apr 29, 2012
- Messages
- 45,719
- Reaction score
- 22,196
- Joined
- Jan 20, 2004
- Messages
- 30,772
- Reaction score
- 19,968
"Dogecoin, the meme-based cryptocurrency that has been called a “joke” by its creator, has exploded in popularity over recent weeks.
The dogecoin price has climbed thanks to attention from billionaires, rockstars, and YouTubers—with Tesla TSLAchief executive Elon Musk, who was once voted “dogecoin CEO” and named it his “fav” cryptocurrency, this week tweeting: “Dogecoin is underestimated.”
Now off to reality bitcoin eventually small players will sell it off for a huge profit then move to the 2nd level of cryto like etherem, litcoin and others. But mostly I am interested in cryptocurrencies that have unique programmable connections that allow users to create new top layers that can run do expanded functions etherem was the first here are some other names.
4. Polkadot (DOT)
Polkadot is a unique proof-of-stake cryptocurrency that is aimed at delivering interoperability between other blockchains. Its protocol is designed to connect permissioned and permissionless blockchains as well as oracles to allow systems to work together under one roof.
Polkadot’s core component is its relay chain that allows the interoperability of varying networks. It also allows for “parachains,” or parallel blockchains with their own native tokens for specific use cases.
Where this system differs from Ethereum is that rather than creating just decentralized applications on Polkadot, developers can create their own blockchain while also using the security that Polkadot’s chain already has. With Ethereum, developers can create new blockchains but they need to create their own security measures which can leave new and smaller projects open to attack, as the larger a blockchain the more security it has. This concept in Polkadot is known as shared security.
Polkadot was created by Gavin Wood, another member of the core founders of the Ethereum project who had differing opinions on the project's future. As of January 2021, Polkadot has a market capitalization of $11.2 billion and one DOT trades for $12.54.
6. Stellar (XLM)
Stellar is an open blockchain network designed to provide enterprise solutions by connecting financial institutions for the purpose of large transactions. Huge transactions between banks and investment firms that typically would take several days, a number of intermediaries, and cost a good deal of money, can now be done nearly instantaneously with no intermediaries and cost little to nothing for those making the transaction.
While Stellar has positioned itself as an enterprise blockchain for institutional transactions, it is still an open blockchain that can be used by anyone. The system allows for cross-border transactions between any currencies. Stellar’s native currency is Lumens (XLM). The network requires users to hold Lumens to be able to transact on the network.
Stellar was founded by Jed McCaleb, a founding member of Ripple Labs and developer of the Ripple protocol. He eventually left his role with Ripple and went on to co-found the Stellar Development Foundation. Stellar Lumens have a market capitalization of $6.1 billion and are valued at $0.27 as of January 2021.
7. Chainlink
Chainlink is a decentralized oracle network that bridges the gap between smart contracts, like the ones on Ethereum, and data outside of it. Blockchains themselves do not have the ability to connect to outside applications in a trusted manner. Chainlink’s decentralized oracles allow smart contracts to communicate with outside data so that the contracts can be executed based on data that Ethereum itself cannot connect to.
Chainlink’s blog details a number of use cases for its system. One of the many use cases that are explained would be to monitor water supplies for pollution or illegal syphoning going on in certain cities. Sensors could be set up to monitor corporate consumption, water tables, and the levels of local bodies of water. A Chainlink oracle could track this data and feed it directly into a smart contract. The smart contract could be set up to execute fines, release flood warnings to cities, or invoice companies using too much of a city's water with the incoming data from the oracle.
Chainlink was developed by Sergey Nazarov along with Steve Ellis. As of January 2021, Chainlink's market capitalization is $8.6 billion, and one LINK is valued at $21.53.
9. Tether (USDT)
Tether was one of the first and most popular of a group of so-called stablecoins, cryptocurrencies that aim to peg their market value to a currency or other external reference point in order to reduce volatility. Because most digital currencies, even major ones like Bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to smooth out price fluctuations in order to attract users who may otherwise be cautious. Tether’s price is tied directly to the price of the US dollar. The system allows users to more easily make transfers from other cryptocurrencies back to US dollars in a more timely manner than actually converting to normal currency.
Launched in 2014, Tether describes itself as "a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner." Effectively, this cryptocurrency allows individuals to utilize a blockchain network and related technologies to transact in traditional currencies while minimizing the volatility and complexity often associated with digital currencies. In January of 2021, Tether was the third-largest cryptocurrency by market cap, with a total market cap of $24.4 billion and a per-token value of $1.00.
https://www.investopedia.com/tech/most-important-cryptocurrencies-other-than-bitcoin/
Etherem though pricey it's still the one people seem to trust more then others at least for now.
The dogecoin price has climbed thanks to attention from billionaires, rockstars, and YouTubers—with Tesla TSLAchief executive Elon Musk, who was once voted “dogecoin CEO” and named it his “fav” cryptocurrency, this week tweeting: “Dogecoin is underestimated.”
Now off to reality bitcoin eventually small players will sell it off for a huge profit then move to the 2nd level of cryto like etherem, litcoin and others. But mostly I am interested in cryptocurrencies that have unique programmable connections that allow users to create new top layers that can run do expanded functions etherem was the first here are some other names.
4. Polkadot (DOT)
Polkadot is a unique proof-of-stake cryptocurrency that is aimed at delivering interoperability between other blockchains. Its protocol is designed to connect permissioned and permissionless blockchains as well as oracles to allow systems to work together under one roof.
Polkadot’s core component is its relay chain that allows the interoperability of varying networks. It also allows for “parachains,” or parallel blockchains with their own native tokens for specific use cases.
Where this system differs from Ethereum is that rather than creating just decentralized applications on Polkadot, developers can create their own blockchain while also using the security that Polkadot’s chain already has. With Ethereum, developers can create new blockchains but they need to create their own security measures which can leave new and smaller projects open to attack, as the larger a blockchain the more security it has. This concept in Polkadot is known as shared security.
Polkadot was created by Gavin Wood, another member of the core founders of the Ethereum project who had differing opinions on the project's future. As of January 2021, Polkadot has a market capitalization of $11.2 billion and one DOT trades for $12.54.
6. Stellar (XLM)
Stellar is an open blockchain network designed to provide enterprise solutions by connecting financial institutions for the purpose of large transactions. Huge transactions between banks and investment firms that typically would take several days, a number of intermediaries, and cost a good deal of money, can now be done nearly instantaneously with no intermediaries and cost little to nothing for those making the transaction.
While Stellar has positioned itself as an enterprise blockchain for institutional transactions, it is still an open blockchain that can be used by anyone. The system allows for cross-border transactions between any currencies. Stellar’s native currency is Lumens (XLM). The network requires users to hold Lumens to be able to transact on the network.
Stellar was founded by Jed McCaleb, a founding member of Ripple Labs and developer of the Ripple protocol. He eventually left his role with Ripple and went on to co-found the Stellar Development Foundation. Stellar Lumens have a market capitalization of $6.1 billion and are valued at $0.27 as of January 2021.
7. Chainlink
Chainlink is a decentralized oracle network that bridges the gap between smart contracts, like the ones on Ethereum, and data outside of it. Blockchains themselves do not have the ability to connect to outside applications in a trusted manner. Chainlink’s decentralized oracles allow smart contracts to communicate with outside data so that the contracts can be executed based on data that Ethereum itself cannot connect to.
Chainlink’s blog details a number of use cases for its system. One of the many use cases that are explained would be to monitor water supplies for pollution or illegal syphoning going on in certain cities. Sensors could be set up to monitor corporate consumption, water tables, and the levels of local bodies of water. A Chainlink oracle could track this data and feed it directly into a smart contract. The smart contract could be set up to execute fines, release flood warnings to cities, or invoice companies using too much of a city's water with the incoming data from the oracle.
Chainlink was developed by Sergey Nazarov along with Steve Ellis. As of January 2021, Chainlink's market capitalization is $8.6 billion, and one LINK is valued at $21.53.
9. Tether (USDT)
Tether was one of the first and most popular of a group of so-called stablecoins, cryptocurrencies that aim to peg their market value to a currency or other external reference point in order to reduce volatility. Because most digital currencies, even major ones like Bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to smooth out price fluctuations in order to attract users who may otherwise be cautious. Tether’s price is tied directly to the price of the US dollar. The system allows users to more easily make transfers from other cryptocurrencies back to US dollars in a more timely manner than actually converting to normal currency.
Launched in 2014, Tether describes itself as "a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner." Effectively, this cryptocurrency allows individuals to utilize a blockchain network and related technologies to transact in traditional currencies while minimizing the volatility and complexity often associated with digital currencies. In January of 2021, Tether was the third-largest cryptocurrency by market cap, with a total market cap of $24.4 billion and a per-token value of $1.00.
https://www.investopedia.com/tech/most-important-cryptocurrencies-other-than-bitcoin/
Etherem though pricey it's still the one people seem to trust more then others at least for now.
- Joined
- Jan 20, 2004
- Messages
- 30,772
- Reaction score
- 19,968
Anyone wondering about DeFi?
https://www.coindesk.com/what-is-defi
"
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.
DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a single, central source. That’s important because centralized systems and human gatekeepers can limit the speed and sophistication of transactions while offering users less direct control over their money. DeFi is distinct because it expands the use of blockchain from simple value transfer to more complex financial use cases.
Bitcoin and many other digital-native assets stand out from legacy digital payment methods, such as those run by Visa and PayPal, in that they remove all middlemen from transactions. When you pay with a credit card for coffee at a cafe, a financial institution sits between you and the business, with control over the transaction, retaining the authority to stop or pause it and record it in its private ledger. With bitcoin, those institutions are cut out of the picture.
Subscribe to Money Reimagined, our newsletter on financial disruption."
https://www.coindesk.com/what-is-defi
"
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.
DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a single, central source. That’s important because centralized systems and human gatekeepers can limit the speed and sophistication of transactions while offering users less direct control over their money. DeFi is distinct because it expands the use of blockchain from simple value transfer to more complex financial use cases.
Bitcoin and many other digital-native assets stand out from legacy digital payment methods, such as those run by Visa and PayPal, in that they remove all middlemen from transactions. When you pay with a credit card for coffee at a cafe, a financial institution sits between you and the business, with control over the transaction, retaining the authority to stop or pause it and record it in its private ledger. With bitcoin, those institutions are cut out of the picture.
Subscribe to Money Reimagined, our newsletter on financial disruption."
- Joined
- Jan 20, 2004
- Messages
- 30,772
- Reaction score
- 19,968
Anyone wondering about DeFi?
https://www.coindesk.com/what-is-defi
"
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.
DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a single, central source. That’s important because centralized systems and human gatekeepers can limit the speed and sophistication of transactions while offering users less direct control over their money. DeFi is distinct because it expands the use of blockchain from simple value transfer to more complex financial use cases.
Bitcoin and many other digital-native assets stand out from legacy digital payment methods, such as those run by Visa and PayPal, in that they remove all middlemen from transactions. When you pay with a credit card for coffee at a cafe, a financial institution sits between you and the business, with control over the transaction, retaining the authority to stop or pause it and record it in its private ledger. With bitcoin, those institutions are cut out of the picture.
Subscribe to Money Reimagined, our newsletter on financial disruption."
https://www.coindesk.com/what-is-defi
"
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.
DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a single, central source. That’s important because centralized systems and human gatekeepers can limit the speed and sophistication of transactions while offering users less direct control over their money. DeFi is distinct because it expands the use of blockchain from simple value transfer to more complex financial use cases.
Bitcoin and many other digital-native assets stand out from legacy digital payment methods, such as those run by Visa and PayPal, in that they remove all middlemen from transactions. When you pay with a credit card for coffee at a cafe, a financial institution sits between you and the business, with control over the transaction, retaining the authority to stop or pause it and record it in its private ledger. With bitcoin, those institutions are cut out of the picture.
Subscribe to Money Reimagined, our newsletter on financial disruption."
- Joined
- Dec 16, 2011
- Messages
- 24,595
- Reaction score
- 11,963
Ethereum is going to sky rocket layer this year as they roll out their upgrades . I see ethereum around 5k a coin by begging of next year.
Light coin around $400-$500
I'm keeping an eye on cardano, uniswap and chain link too.
- Joined
- Apr 29, 2012
- Messages
- 45,719
- Reaction score
- 22,196
- Joined
- Apr 29, 2012
- Messages
- 45,719
- Reaction score
- 22,196
- Joined
- Sep 7, 2007
- Messages
- 6,482
- Reaction score
- 269
I don't know shit either. Just got into it. Bought some Stellar Lumens and Ripple. Anything I put into crypto I'm expecting to lose so I'm not going nuts. Kinda fun to follow the price though. You never know.
- Joined
- Apr 29, 2012
- Messages
- 45,719
- Reaction score
- 22,196
Yea same here...just a few hundred bucks. Not like I sold my house or anything, lol.
- Joined
- Jul 6, 2014
- Messages
- 5,235
- Reaction score
- 1,039
Haven’t seen anyone post about this. Heard the rumblings on Tuesday about the go ahead and the public announcement on Thursday. Canada has a bitcoin ETF.
https://www.google.com/amp/s/ca.fin...itcoin-etf-launching-in-canada-191009756.html
I figure I may get burned a little on this but I may throw like 10-15K on this. The 1% MER + transaction cost is cheaper than the 1.5% deposit fee on Bitbuy if I buy BTC directly.
https://www.google.com/amp/s/ca.fin...itcoin-etf-launching-in-canada-191009756.html
I figure I may get burned a little on this but I may throw like 10-15K on this. The 1% MER + transaction cost is cheaper than the 1.5% deposit fee on Bitbuy if I buy BTC directly.
Latest posts
-
-
-
Crime Rudy Giuliani served with Arizona indictment at 80th birthday bash- Latest: cottagecheesefan
