Cryptocurrency megathread V2 - Gas Fees Galore

[m25105]

No, you are just a poor candidate to be acting like an apostelite that u are doing....

You are paranoid if you think too many people ('frenemies'?) would be paying attention or taking you that seriously if you were worried who might buy link from your posts.

If we want to get into ethics it's a different thing since Bitcoin network uses the energy supply of a small country anyway....

I don't deny links importance right now but the hype is based on its position with first mover advantage at this very early stage of the game. To say it will be the leading oracle, or that we may even need oracles in the current form if the API solution comes into play in a big way is where you show your short sightedness.
You also said some dumb things like encouraging people to go all in with link and that's 'it's too risky not to be all in with link'....extremely delusional advice, having some amount of diversity is always the best bet.

Why would I miss out, I have shared that I am big in with VeChain and Algo as the mainstays they will both be giants in future with multiples of growth coming , VeChain has outpaced Link for growth this past year I encourage people to get in big also as is much cheaper proportionately right now.

Link is still not a bad investment on the side as well at the current price but we will see how it holds up when the Oracle space gets more competitive. Right now they have a monopoly but you are foolish if you assume it will not get very competitive in that space in future or if the dynamics may not change.

Alright let's do this. One, nothing I ever wrote was unverifiable true, in fact despite your long impotent rant, I think I've proven myself in this thread to deliver good information on Chainlink and why it's needed, and how it's utilised, and now with off chain reporting, how it even lowered gas fees by a large margin. Show me another oracle solution that has done what Chainlink has accomplished, and in a decentralised manner.

Who, and when I tell people about Chainlink is my business, and I initially wasn't aware of this thread, only the bitcoin thread in the War Room, and anyone that has browsed the War Room long enough, will recognised that it's full of threads made by reactionary right wing burgers. You have "geniuses" there posting how the Nazis were actually socialist, cause they watched a Crowder video or something. Nobody mentioned anything about ethics btw in regards to the energy consumption of bitcoin, you've brought it up now, for whatever reason.

Your long post (and I think people only like it, cause it's long and you have some sort of reputation here as an authority (completely baseless in my opinion)) about LINK and how to quote you "or that we may even need oracles" again shows that YOU are in the fact the clueless one. Let's see what the top DeFi protocols have to say about Oracles, let's start with Andre Cronje, the guy behind Yearn Finance.

How about Stani from Aave.

How about Allan Day from Google.


The fact of the matter is, that despite your unfounded position, that Chainlink is the leading Oracle solution provider for a reason. They have some of the top minds working on it. Andrew Miller, Fang Zhang, Alex Coventry, and Ari Juels. People that are in this space for a long time, and have the academic credentials and approach to solving the challenges with blockchain in a scientific manner.

Here's a video btw with Andre, Stani, Kain and Sergey in a panel hosted by Chainlink talking about the future of DeFi

If you don't know these names, then honestly, your attempt as coming across as some knowledgeable character in the blockchain space in this thread is completely and utterly laughable. You didn't even know what the bloody "God protocol" was, which is a problem that's often talked about when it comes to smart contracts and their ability to communicate with the real world in a manner that's decentralised.

And yes, Chainlink is too risky not too hold. Maybe you weren't aware of it, but in the entirety of the 2018 to mid 2020 bearmarket. Only one asset reached new all time highs and out performed bitcoin by x10 and that was Chainlink. Considering how it trades against the bitcoin, and the volume that's being traded on it, it's pretty clear that there's a VERY HIGH demand for it. Something you would've figured out if you bothered to verify the links I provided in my first post here.

Speaking of VeChain and how it has grown, let's take a look at it.

Gee, it reached an all time high of 5 cents. Let's compare it to Chainlink

Oh wow, it reached an all time high of 37 dollars. Hold up, let's compare it to this year alone, so we're fair.
0.019 cents to now 0.0417 cents. Let's look at Chainlink 11.49 dollars to now 25.49 dollars. Hmm.. I'm no math guy, let's pull out the old calculator. VeChain had a growth this year of x2.19 while Chainlink had a growth this year of 2.21 so even if we're fair to VeChain and only focus on the start of January 2021 to this date, Chainlink STILL outperformed VeChain. Algorand is at least a legit project, and had a higher growth than Chainlink from January 2021 to today, but if we focus on its entirety, it hasn't even reached it's previous all time high, compared to Chainlink x127.5 growth from its inception to today. Don't just take my words for it, let's look at probably the best technical analysis guy on youtube, a nuclear engineer by the name of Benjamin Cowen.


You're actively fudding people away from Chainlink with your unsubstianted claims, and ignorance Chainlinks importance, I'm not. You can either buy Chainlink folks, or not, and watch how more and more companies start to offer staking as a service, or even Chainlink oracle nodes as a service, like T-Systems. I wrote about BSN a few times here, do anyone know even what it is? It's China's national blockchain service network, and guess who they use as their Oracle, Chainlink. Not Band, but Chainlink. A super power country where, the president has said he wants the country to be the leader in blockchain is now offering blockchain services to everyone has integrated Chainlink in to their network. That means it will be used at the base level. To say this is bullish would be a complete understatement.

 

[axion]

Can't remember why I bought it but I have some, yeah.

Trying to buy a new token just launched on the advice of a friend, what a nightmare. Three transactions failed using the default settings on Uniswap/Metamask with a lot of ETH in reserve, finally success swapping about 1/3 of what I originally sent to Metamask.

$10 fees for cancelled transactions, $17 fee for the successful one... I thought this stuff was supposed to make banks and fiat obsolete haha

I'm quoting myself cos I found after googling the error I was getting was due to slippage, need to up the tolerance in Uniswap.

You need to be Stephen Fucking Hawking to buy some fake money on the internet.

 

[TheMaster]

Alright let's do this. One, nothing I ever wrote was unverifiable true, in fact despite your long impotent rant, I think I've proven myself in this thread to deliver good information on Chainlink and why it's needed, and how it's utilised, and now with off chain reporting, how it even lowered gas fees by a large margin. Show me another oracle solution that has done what Chainlink has accomplished, and in a decentralised manner.

Who, and when I tell people about Chainlink is my business, and I initially wasn't aware of this thread, only the bitcoin thread in the War Room, and anyone that has browsed the War Room long enough, will recognised that it's full of threads made by reactionary right wing burgers. You have "geniuses" there posting how the Nazis were actually socialist, cause they watched a Crowder video or something. Nobody mentioned anything about ethics btw in regards to the energy consumption of bitcoin, you've brought it up now, for whatever reason.

Your long post (and I think people only like it, cause it's long and you have some sort of reputation here as an authority (completely baseless in my opinion)) about LINK and how to quote you "or that we may even need oracles" again shows that YOU are in the fact the clueless one. Let's see what the top DeFi protocols have to say about Oracles, let's start with Andre Cronje, the guy behind Yearn Finance.
View attachment 836577
How about Stani from Aave.
View attachment 836578
How about Allan Day from Google.
View attachment 836579

The fact of the matter is, that despite your unfounded position, that Chainlink is the leading Oracle solution provider for a reason. They have some of the top minds working on it. Andrew Miller, Fang Zhang, Alex Coventry, and Ari Juels. People that are in this space for a long time, and have the academic credentials and approach to solving the challenges with blockchain in a scientific manner.

Here's a video btw with Andre, Stani, Kain and Sergey in a panel hosted by Chainlink talking about the future of DeFi

If you don't know these names, then honestly, your attempt as coming across as some knowledgeable character in the blockchain space in this thread is completely and utterly laughable. You didn't even know what the bloody "God protocol" was, which is a problem that's often talked about when it comes to smart contracts and their ability to communicate with the real world in a manner that's decentralised.

And yes, Chainlink is too risky not too hold. Maybe you weren't aware of it, but in the entirety of the 2018 to mid 2020 bearmarket. Only one asset reached new all time highs and out performed bitcoin by x10 and that was Chainlink. Considering how it trades against the bitcoin, and the volume that's being traded on it, it's pretty clear that there's a VERY HIGH demand for it. Something you would've figured out if you bothered to verify the links I provided in my first post here.

Speaking of VeChain and how it has grown, let's take a look at it.
View attachment 836581
Gee, it reached an all time high of 5 cents. Let's compare it to Chainlink
View attachment 836582
Oh wow, it reached an all time high of 37 dollars. Hold up, let's compare it to this year alone, so we're fair.
0.019 cents to now 0.0417 cents. Let's look at Chainlink 11.49 dollars to now 25.49 dollars. Hmm.. I'm no math guy, let's pull out the old calculator. VeChain had a growth this year of x2.19 while Chainlink had a growth this year of 2.21 so even if we're fair to VeChain and only focus on the start of January 2021 to this date, Chainlink STILL outperformed VeChain. Algorand is at least a legit project, and had a higher growth than Chainlink from January 2021 to today, but if we focus on its entirety, it hasn't even reached it's previous all time high, compared to Chainlink x127.5 growth from its inception to today. Don't just take my words for it, let's look at probably the best technical analysis guy on youtube, a nuclear engineer by the name of Benjamin Cowen.


You're actively fudding people away from Chainlink with your unsubstianted claims, and ignorance Chainlinks importance, I'm not. You can either buy Chainlink folks, or not, and watch how more and more companies start to offer staking as a service, or even Chainlink oracle nodes as a service, like T-Systems. I wrote about BSN a few times here, do anyone know even what it is? It's China's national blockchain service network, and guess who they use as their Oracle, Chainlink. Not Band, but Chainlink. A super power country where, the president has said he wants the country to be the leader in blockchain is now offering blockchain services to everyone has integrated Chainlink in to their network. That means it will be used at the base level. To say this is bullish would be a complete understatement.

Didn't read that whole rant but it seems to me more now that you have some kind of almost obsessional mental problem and it's latched on to Chainlink.
Since all I said was to be cautious about Link as you should be with any crypto investment but it's still a good side investment as long as it's with a few other good coins it can contribute to making a strong portfolio with a bit of diversity.

Just this much though has made you have some kind of breakdown and you again want to encourage people to throw caution to the wind to foolishly go all in only with Link= you have got problems.

Still let's get some basic facts straight.
As of today:

VeChain price 1 year ago 27th Feb 2020
$0.0058
Today 27th Feb 2021
$0.0421
That's a 7.26x increase in value

Link
$3.86 last year Feb 27th, today $25.65
That's a 6.48x increase

Result
VeChain has outperformed Chainlink in growth value over the past 1 year

So get that in your head first.

The rest of what I briefly skimmed through your post doesn't change anything. Any authority in this area will say that it's too early to tell if Link will still be the dominant player in the Oracle space in 5 years, or if even other solutions like the API approach become more prominent reducing the need for services like Link. Either way it remains a good investment as of now, but not one to develop a cult like obsession around and put all your funds in like happened to you unfortunately. What people can learn from you, is how not to be a victim of echo chamber thinking and logical distortion.

 

[m25105]

Didn't read that whole rant but it seems to me more now that you have some kind of almost obsessional mental problem and it's latched on to Chainlink.
Since all I said was to be cautious about Link as you should be with any crypto investment but it's still a good side investment as long as it's with a few others good coins it can contribute to making a strong portfolio with a bit of diversity.

Just this much though has made you have some kind of breakdown and you again want to encourage people to throw caution to the wind to foolishly go all in only with Link= you have got serious problems.

Still let's get some basic facts straight.

VeChain price 1 year ago 27th Feb 2020
$0.0058
Today 27th Feb 2021
$0.0421
That's a 7.26x increase in value

Link
$3.86 last year Feb 27th, today $25.65
That's a 6.48x increase

Result
VeChain has outperformed Chainlink in growth value over the past 1 year

So get that in your head first.

The rest of what I briefly skimmed through your post doesn't change anything. Any authority in this area will say that it's too early to tell if Link will still be the dominant player in the Oracle space in 5 years, or if even other solutions like the API approach become more prominent reducing the need for services like Link. Either way it remains a good investment as of now, but not one to develop a cult like obsession around and put all your funds in like happened to you unfortunately. What people can learn from you, is how not to be a victim of echo chamber thinking and logical distortion.

Yes, good forbid you actually read my posts and have go through the hassle of seeing what I'm posting is verifiably true.
And nice cherry picking of the dates btw, guess it didn't suit you to admit that Chainlink has outperformed every asset in the bearmarket and has seen a x127 since its inception.
There's no point in wasting time with you, you don't bother to read what I write and I'll happily ignore your posts from now.
To everyone else, read this link. And then ask yourself why China has integrated Chainlink.

https://www.prnewswire.com/news-rel...into-its-irita-powered-network-301081572.html

 

[SSgt Dickweed]

I'm all in on crypto's but WTF are NFT's, and how can you make 1000 to 10000x from them? I have spent some time doing research and still can't get it.

To me, they're like digital pog's, do you remember those things? Pokemon cards at least seem to have real world dollar value for nerds.

 

[TheMaster]

Yes, good forbid you actually read my posts and have go through the hassle of seeing what I'm posting is verifiably true.
And nice cherry picking of the dates btw, guess it didn't suit you to admit that Chainlink has outperformed every asset in the bearmarket and has seen a x127 since its inception.
There's no point in wasting time with you, you don't bother to read what I write and I'll happily ignore your posts from now.
To everyone else, read this link. And then ask yourself why China has integrated Chainlink.

https://www.prnewswire.com/news-rel...into-its-irita-powered-network-301081572.html

Cherry picking ?
You mean measuring today's rates vs one year ago today and showing that VeChain has outperformed Chainlink?

VeChain total supply is 86.7 billion to Links 1 billion. So currently its trading at equivalent of $3.69 (0.0421 x86.7) to Links $25.65 if we multiply it out to the equivalent.

That it is still alot cheaper so possible to get a much larger amount at early rate so likely a stronger investment.

I'm curious as to what happened to you and why you became like this in your thinking, it's like a case study of what not to let happen to someone when they enter the crypto space...

There is a vast amount of money to be made in a host of different projects in crypto.
Zoning in on just one coin and putting all hopes and bets on it is unneccesssary and ill advised from any angle.

 

[MilesAbove]

hey m25 and themaster, how about if y'all wanna bicker with walls of text you take it over to the WR thread? That's what it's for.

 

[meauneau]

I think your level of confidence on a coin/project should be proportional to the evidence that you have. For me for instance, I don't even know where to start to research a coin so I listen to your advice here.

With @m25105 however, it is clear that knows his stuff and has done his research and for him the evidence suggests that LINK is the most promising project out there.

For most of us we can experience psychological certainly about a certain coin and this is obviously misguided and wrong. But for those with (epistemic) certainty based on evidence, it is less wrong but more guided.

I think this is what is the root of the misunderstanding, we all have access to different levels of evidence and we all interpret it in different ways. If you trust you reasoning and can interpret the evidence then you confidence will be proportionally higher than others.

Just my 0.02 LINK

 

[Zero-Zen]

Alright let's do this. One, nothing I ever wrote was unverifiable true, in fact despite your long impotent rant, I think I've proven myself in this thread to deliver good information on Chainlink and why it's needed, and how it's utilised, and now with off chain reporting, how it even lowered gas fees by a large margin. Show me another oracle solution that has done what Chainlink has accomplished, and in a decentralised manner.

Who, and when I tell people about Chainlink is my business, and I initially wasn't aware of this thread, only the bitcoin thread in the War Room, and anyone that has browsed the War Room long enough, will recognised that it's full of threads made by reactionary right wing burgers. You have "geniuses" there posting how the Nazis were actually socialist, cause they watched a Crowder video or something. Nobody mentioned anything about ethics btw in regards to the energy consumption of bitcoin, you've brought it up now, for whatever reason.

Your long post (and I think people only like it, cause it's long and you have some sort of reputation here as an authority (completely baseless in my opinion)) about LINK and how to quote you "or that we may even need oracles" again shows that YOU are in the fact the clueless one. Let's see what the top DeFi protocols have to say about Oracles, let's start with Andre Cronje, the guy behind Yearn Finance.
View attachment 836577
How about Stani from Aave.
View attachment 836578
How about Allan Day from Google.
View attachment 836579

The fact of the matter is, that despite your unfounded position, that Chainlink is the leading Oracle solution provider for a reason. They have some of the top minds working on it. Andrew Miller, Fang Zhang, Alex Coventry, and Ari Juels. People that are in this space for a long time, and have the academic credentials and approach to solving the challenges with blockchain in a scientific manner.

Here's a video btw with Andre, Stani, Kain and Sergey in a panel hosted by Chainlink talking about the future of DeFi

If you don't know these names, then honestly, your attempt as coming across as some knowledgeable character in the blockchain space in this thread is completely and utterly laughable. You didn't even know what the bloody "God protocol" was, which is a problem that's often talked about when it comes to smart contracts and their ability to communicate with the real world in a manner that's decentralised.

And yes, Chainlink is too risky not too hold. Maybe you weren't aware of it, but in the entirety of the 2018 to mid 2020 bearmarket. Only one asset reached new all time highs and out performed bitcoin by x10 and that was Chainlink. Considering how it trades against the bitcoin, and the volume that's being traded on it, it's pretty clear that there's a VERY HIGH demand for it. Something you would've figured out if you bothered to verify the links I provided in my first post here.

Speaking of VeChain and how it has grown, let's take a look at it.
View attachment 836581
Gee, it reached an all time high of 5 cents. Let's compare it to Chainlink
View attachment 836582
Oh wow, it reached an all time high of 37 dollars. Hold up, let's compare it to this year alone, so we're fair.
0.019 cents to now 0.0417 cents. Let's look at Chainlink 11.49 dollars to now 25.49 dollars. Hmm.. I'm no math guy, let's pull out the old calculator. VeChain had a growth this year of x2.19 while Chainlink had a growth this year of 2.21 so even if we're fair to VeChain and only focus on the start of January 2021 to this date, Chainlink STILL outperformed VeChain. Algorand is at least a legit project, and had a higher growth than Chainlink from January 2021 to today, but if we focus on its entirety, it hasn't even reached it's previous all time high, compared to Chainlink x127.5 growth from its inception to today. Don't just take my words for it, let's look at probably the best technical analysis guy on youtube, a nuclear engineer by the name of Benjamin Cowen.


You're actively fudding people away from Chainlink with your unsubstianted claims, and ignorance Chainlinks importance, I'm not. You can either buy Chainlink folks, or not, and watch how more and more companies start to offer staking as a service, or even Chainlink oracle nodes as a service, like T-Systems. I wrote about BSN a few times here, do anyone know even what it is? It's China's national blockchain service network, and guess who they use as their Oracle, Chainlink. Not Band, but Chainlink. A super power country where, the president has said he wants the country to be the leader in blockchain is now offering blockchain services to everyone has integrated Chainlink in to their network. That means it will be used at the base level. To say this is bullish would be a complete understatement.

It's a good time to accumulate more LINK , it's what I have been buying most during this downtrend.

 

[mantis_fist]

ADA has performed really well so far. It'll be 100% decentralized here soon plus major news at the end of March. Let's see how far Charles and his team can go.

 

[Henry Swanson]

You guys see that algo is releasing 50 million tokens to members of their founders program this weekend?

 

[meauneau]

You guys see that algo is releasing 50 million tokens to members of their founders program this weekend?

Is that a bad thing?

 

[Woldog]

So are you gonna hold or hedge it against BTC since it seems way over extended right now and Bitcoin is way down, with the Cardano Mary update looming in just over a day?

I'm definitely all about HODLing with the majority of what I have but I like to hedge a bit sometimes with a portion when the currencies are doing crazy changes like right now.

ADA jump right now is all just speculation based on what is promised about it and the upcoming plans. It comes a step closer to being able to be a true rival to ethereum with this update but it still depends on others using it as a platform. It's gone up more than 300% in the past month which is just crazy and doesn't seems sustainable but who knows with the market right now.

I'm gunna hold. Maybe sell my profits before a drop and rebuy if it drops. But I'm a big fan of holding. I don't intend to make money overnight, I'm happy to wait two or three years.

 

[MilesAbove]

I'm gunna hold. Maybe sell my profits before a drop and rebuy if it drops. But I'm a big fan of holding. I don't intend to make money overnight, I'm happy to wait two or three years.

Just don't forget to always keep a moonbag.

 

[Henry Swanson]

Is that a bad thing?

I got that off Reddit. That along with their accelerated vesting program they’re averaging an additional 20 million tokens added to circulation per day. So I would imagine putting millions of tokens into circulation like that could lower the price. Even more so if the people receiving them choose to sell a bunch off.

I’m a total noob to this though so there’s a very good chance I’m completely off.

 

[TheMaster]

I agree that ADA is a hedge holding, but you can kinda flip this the other way on it's jump. It's been criminally undervalued over the last 6 months and it might juts be catching up to where it should be. I'd wager due to how the market works, it'll probably fall back to $1.12-1.17 after this pump. But it's also not outside the realm of possibility it's just finding it's proper price.

We saw this with RVN. It was definitely undervalued. It popped up WAY too high, and it fell back to finding it's actual price of around $0.12-0.18. Regardless, ADA is an overall strong hodl. The arguments come with how much it'll be worth in 5 years. Some love to say $25-50, some say $1-2. I wager it'll probably find a place around $7 unless BTC or ETH come into real struggles.

I'm gunna hold. Maybe sell my profits before a drop and rebuy if it drops. But I'm a big fan of holding. I don't intend to make money overnight, I'm happy to wait two or three years.

Yeah, I agree that ADA is good for the long-term Hodl for sure I meant more just about this recent run since everything else is on a major downturn but ADA has surged again but may be overdue a large correction. So exchanging some for BTC now then waiting for the pull back in price after BTC rebounds you may be able to buy back larger amounts later.
The question is when to pull the trigger on it.

This is why in general though I don't like hedge trading , too much uncertainty and stress involved in such a volatile market. I would put maybe max 1/8 of my holdings for hedging and only with certain coins like Ada it's worth it, even here I limit it to when there are these unusual conditions like now with Ada looking to be at an unrealistic high would seem to be a good time but still the limit on the amount I'm willing to hedge means if I get burned it's not too bad still.

 

[MilesAbove]

Yeah, I agree that ADA is good for the long-term Hodl for sure I meant more just about this recent run since everything else is on a major downturn but ADA has surged again but may be overdue a large correction. So exchanging some for BTC now then waiting for the pull back in price after BTC rebounds you may be able to buy back larger amounts later.
The question is when to pull the trigger on it.

This is why in general though I don't like hedge trading , too much uncertainty and stress involved in such a volatile market. I would put maybe max 1/8 of my holdings for hedging and even here I limit it to when there are these unusual conditions like now with Ada looking to be at an unrealistic high would seem to be a good time but the limit on the amount I'm willing to hedge means if I get burned it's not too bad still.

I tend to follow Melker's basics on % of portfolio. 50% into BTC/ETH. 25-35% into your researched alts (no more than 30% of this should go into flyers and should have strong alts with applicable usage). 15-25% cash-on-hand (stablecoins) which gains interest between 10-12% APY and also can be used to house profits if you aren't ready for an immediate pivot.

 

[TheMaster]

I tend to follow Melker's basics on % of portfolio. 50% into BTC/ETH. 25-35% into your researched alts (no more than 30% of this should go into flyers and should have strong alts with applicable usage). 15-25% cash-on-hand (stablecoins) which gains interest between 10-12% APY and also can be used to house profits if you aren't ready for an immediate pivot.

That's a safe and good ratio for some, I'm willing to hold the majority though in strong alt projects like Ada, Algo, VeChain since they tend to outpace BTC by quite a bit so if you want the big amounts getting in early is key plus they give good APY which adds up over time for a hodl strategy, then I will occasionally make use of the big dips and surges for moderate hedges.

The good thing about crypto is exchanging is near on instant so there is always the option to move your funds around. I agree that a percent in stable coins or assets like gold backed tokens is a must though over time.

 

[TheMaster]

I think your level of confidence on a coin/project should be proportional to the evidence that you have. For me for instance, I don't even know where to start to research a coin so I listen to your advice here.

With @m25105 however, it is clear that knows his stuff and has done his research and for him the evidence suggests that LINK is the most promising project out there.

For most of us we can experience psychological certainly about a certain coin and this is obviously misguided and wrong. But for those with (epistemic) certainty based on evidence, it is less wrong but more guided.

I think this is what is the root of the misunderstanding, we all have access to different levels of evidence and we all interpret it in different ways. If you trust you reasoning and can interpret the evidence then you confidence will be proportionally higher than others.

Just my 0.02 LINK

Yes, but the key is interpretation of evidence which can often be very wide ranging.
Factor in projecting those interpretations 5 years into an uncertain future where the dynamics of the industry could change then that level of certianty is rarely warranted and definately not to the point of encouraging others they need to go all in with their entire funds.

In the case of Chainlink its a solid investment at this point among many solid investments in the crypto sphere, nothing more, nothing less. It can contribute to a good portfolio.
Where we are with these same projects in a few years may be an entirely different story.

Go on YouTube or Reddit and you can find the same devotion to dozens of different altcoins claiming they will 'moon' and definitely be the next big thing.
Its what you choose to selectively attend to.

And we are literally seeing it happen with Cardano right now where people believe it will maybe be the next ethereum.

Anyway the key is to get yourself gradually to a point where you are educated enough to be making those decisions yourself and not relying just on others seeming confidence, many of whom may have vested interests in your believing them for psychlogocal or financial reasons.

 

[meauneau]

Yes, but the key is interpretation of evidence which can often be very wide ranging.
Factor in projecting those interpretations 5 years into an uncertain future where the dynamics of the industry could change then that level of certianty is rarely warranted and definately not to the point of encouraging others they need to go all in with their entire funds.

In the case of Chainlink its a solid investment at this point among many solid investments in the crypto sphere, nothing more, nothing less. It can contribute to a good portfolio.
Where we are with these same projects in a few years may be an entirely different story.

Go on YouTube or Reddit and you can find the same devotion to dozens of different altcoins claiming they will 'moon' and definitely be the next big thing.
Its what you choose to selectively attend to.

And we are literally seeing it happen with Cardano right now where people believe it will maybe be the next ethereum.

Anyway the key is to get yourself gradually to a point where you are educated enough to be making those decisions yourself and not relying just on others seeming confidence, many of whom may have vested interests in your believing them for psychlogocal or financial reasons.

I agree with what you said. Addressing the last part of your post, this is exactly what I have noticed is the norm in places like reddit, stockwits and YT comments, everyone is shilling/pumping up whatever they are vested in and everyone else is just acting on their FOMO. However, to be fair, in the case of m25 (and a few others here), he has provided evidence for his claims, so I wouldn't compare him to the kind we see in reddit.

I know he comes across as certain, rather than just merely confident in what he knows and believes. And in something so complex and unpredictable as the markets it comes across as reckless. But what if the evidence he has does in fact justify his level of confidence?

I guess we will find out in this year if he is correct. There should be more evidence/confirmations every market cycle or x amount of time to support his confidence.