Crypto

[IrishRazor82]

Is anyone buying the dip of Doge from last night? Sorry if there's a thread on crypto already, delete and redirect if so. Looks like it's around $.49 right now. I still think it his $1 eventually but who knows.

 

[SaltyND24]

I bought another $200, but I should've waited until it got to $0.41, average is sitting at $0.295...

 

[GATTACA!]

I should have sold at $0.70 and rebought the dip but I was afraid it wouldn't drop below my price point. Oh well.

Same exact story as 4/20. Retail gets pumped up for a specific event and hype drives up the cost. Whales sell off a bunch of coin at the top for a big profit. Retail panics and sells at a loss. Whales buy back in at the bottom and price pumps back up towards the next event/date. Doge will be back and push towards $1 in a week or two.

 

[IrishLax]

We do have one where we talk crypto but no reason not to have another one.

Ripple and Doge are gambling. Can be fun, can make money, but one isn’t stable and the other is a literal meme.

I think a lot of us here are big on Chainlink and Ethereum. I made 30x on value from Chainlink from when Wildman — the IE crypto OG — first pitched it. But I cashed out when it went up to $50 this week and don’t plan on rebuying unless there is a dip below $40 because I got paper hands.

 

[Irish Man3]

Theta. Yall get in on Theta.

 

[ResLife Hero]

ETH has been a steady gainer for me. I like that it's more than just a crypto asset like BTC or DOGE and is a platform for smart contracts and other features. There's also the expectation of a major set of enhancements rolling out this year dubbed Ethereum 2.0. I made some quick cash on the retail surge of ETC, but it's really not a smart play long term. DOGE is pretty limited because of how many coins have already been issued and the lack of a cap. For it to ever hit $100, it would have to be bigger than the GDP of China. $1 in the next year is feasible, but that's about it.

 

[IrishRazor82]

Today I bought $500 in Stellar Lumans and Candora a piece today. Not really any reason other than I want to be cool. Probably flop and I'll lose it all.

 

[ResLife Hero]

How are you guys evaluating these new cryptos? Is it a crapshoot, or are you seeing unique advantages to some?

 

[greyhammer90]

Theta. Yall get in on Theta.

Would like to hear reasoning on this.

 

[Wild Bill]

Theta. Yall get in on Theta.

I needed this in February before it went on a 2000% ride.

How are you guys evaluating these new cryptos? Is it a crapshoot, or are you seeing unique advantages to some?

I follow the expert advice of Twitter shitlords.

 

[BobbyMac]

I needed this in February before it went on a 2000% ride.



I follow the expert advice of Twitter shitlords.

Hey! Don't call Wildman a shitlord. With Chainlink busting through $50, I think I now owe him two beers.

 

[Wild Bill]

Hey! Don't call Wildman a shitlord. With Chainlink busting through $50, I think I now owe him two beers.

I owe him a few too

And I'm holding my link for now.

 

[GATTACA!]

Theta is already up 1700%. What kind of upside does it have left?

Any other .000+ cryptos people should be looking at? SafeMoon is the only one I've heard anyone talking about. No idea what the fundamentals are on it though, if there even are any.

 

[IrishRazor82]

Theta is already up 1700%. What kind of upside does it have left?

Any other .000+ cryptos people should be looking at? SafeMoon is the only one I've heard anyone talking about. No idea what the fundamentals are on it though, if there even are any.

This is where I'm at on almost every crypto. I'm happy to put the time into research but I don't know where to start. And this is such an anti-establishment thing that I read online and I don't know who's full of it and who's onto the next big thing.

 

[Rocket's Rocket Fan]

What is the best platform to buy crypto on?

 

[GATTACA!]

This is where I'm at on almost every crypto. I'm happy to put the time into research but I don't know where to start. And this is such an anti-establishment thing that I read online and I don't know who's full of it and who's onto the next big thing.

And it's such a nightmare to try and buy a little bit of any. Gotta have a wallet on this site. Then buy etherium from another site. Then transfer it to pancakeswap to convert it.

I'm in my 20s and fairly tech savvy. Crypto shit makes me feel like a 65 year old trying to access the cloud.

 

[Wild Bill]

What is the best platform to buy crypto on?

I use coinbase

 

[IrishRazor82]

ETH has been a steady gainer for me. I like that it's more than just a crypto asset like BTC or DOGE and is a platform for smart contracts and other features. There's also the expectation of a major set of enhancements rolling out this year dubbed Ethereum 2.0. I made some quick cash on the retail surge of ETC, but it's really not a smart play long term. DOGE is pretty limited because of how many coins have already been issued and the lack of a cap. For it to ever hit $100, it would have to be bigger than the GDP of China. $1 in the next year is feasible, but that's about it.

I think I'm going to put $1,000 in ETH just because I do think it goes up a bit. What are some you'd recommend, or are interested in? I also recently bought about 1/3 our savings in physical gold and silver. It's can't miss and should have a very decent 3-4 year return.

 

[tussin]

I think I'm going to put $1,000 in ETH just because I do think it goes up a bit. What are some you'd recommend, or are interested in? I also recently bought about 1/3 our savings in physical gold and silver. It's can't miss and should have a very decent 3-4 year return.

I would diversify into some of the notable "ETH Killers" like Cardano, Polkadot, Avalanche, or Cosmos. Ethereum has similar scalability issues that Bitcoin had... so I think there are some questions regarding long-term use case. For those that have actually tried to use ETH, you can attest at how expensive, slow, and inefficient it is.

FWIW, I have my entire crypto portfolio split between Cardano, Algorand, and Hedera Hashgraph.

 

[IrishLax]

I use coinbase

Just FYI to anyone signing up on Cinbase... which I've also used for years... but Coinbase Pro transaction fees are ~30% of what they are on standard Coinbase. I thought Pro would have some subscription fee or something but it doesn't. So I recently moved all my assets over to that platform. Still use the same Coinbase account info to log in to either.

 

[IrishRazor82]

I would diversify into some of the notable "ETH Killers" like Cardano, Polkadot, Avalanche, or Cosmos. Ethereum has similar scalability issues that Bitcoin had... so I think there are some questions regarding long-term use case. For those that have actually tried to use ETH, you can attest at how expensive, slow, and inefficient it is.

FWIW, I have my entire crypto portfolio split between Cardano, Algorand, and Hedera Hashgraph.

Good stuff. But isn't E 2.0 supposed to fix those slow it is?

 

[Irish#1]

I'm going to take a couple hundred or so and buy. Sell me on the best option for this small investment.

 

[ResLife Hero]

I think I'm going to put $1,000 in ETH just because I do think it goes up a bit. What are some you'd recommend, or are interested in? I also recently bought about 1/3 our savings in physical gold and silver. It's can't miss and should have a very decent 3-4 year return.

Honestly, I don't know much about emerging coins. A buddy of mine was an EARLY advocate for Bitcoin (like back when a guy paid multiple BTC for a pizza), and he put me onto Ethereum a while ago. He's not really playing the game anymore though.

 

[notredomer23]

My buddy keeps pushing Polkadot. Idk anything about crypto, but he is adamant about getting into polkadot.

 

[Henges24]

Anyone here in on Safemoon or any of the other sh!tcoins?

My Crypto:
ADA
Bitcoin
Doge
FullSend
NFTART
Safemoon


Using Binance and TW.

 

[IrishRazor82]

I downloaded RH just for buying DOGE, and a day later Coinbase offered it. Ugh! Annoying.

 

[RDU Irish]

My free money on Coinbase is up to $60 - I don't know how anyone can tolerate any meaningful amount of money in this shit after dabbling around for the last few months. Sob stories about crypto million and billionaires losing it all is going to make 1999 look like nothing.

 

[tussin]

Good stuff. But isn't E 2.0 supposed to fix those slow it is?

E2.0 should at least partially address the scalability issues, but in theory the ETH alternatives will have better tech that ETH simply can't match. That said, ETH has a significant first-mover advantage, so the alternatives have a long road ahead to gaining share as a next-gen smart contract platform.

 

[ResLife Hero]

E2.0 should at least partially address the scalability issues, but in theory the ETH alternatives will have better tech that ETH simply can't match. That said, ETH has a significant first-mover advantage, so the alternatives have a long road ahead to gaining share as a next-gen smart contract platform.

I keep coming back to this as why E2.0 has me holding. Having someone explain crypto as a platform instead of a currency was the first time it started to click why there would be big growth, and so you want to look at the developer ecosystem around these. The ETH ecosystem has so many developers that I don't know how another platform reaches critical mass without a really unique tech/functional offering.

If anyone is curious about E2.0: https://ethereum.org/en/eth2/

 

[IrishRazor82]

Has anyone found a reasonable way to buy Polkadot? It seems quite difficult for Americans. The transferring part of it gives me hesitation too.