Between BNT, ENJ, and UNI I am on fire the past week. Alts are fun right now

TxAG#2011 said:

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Between BNT, ENJ, and UNI I am on fire the past week. Alts are fun right now

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VET running up for me right now. Chasing that .10

What do y'all think the best crypto to buy if I just want to buy and hold? I have $750 of Bitcoin and $250 in Chainlink currently but want to pump in more and hold.

BTC just hit the gas pedal

In my opinion I'd say BTC. I'd recommend looking at Dan Held's latest You Tube video was a good dive into the differences between Bitcoin and the Altcoins, but mainly ETH. Do your research and choose the coin with the best utility if that's what you're looking for, but store of value, I'd always go BTC.

Link and Eth running away from the pack.

What do we think, is this a peak we can sell some on and buy back sub 50k or was the last dip the last time we'll see sub 50k?

Edit to add eth has been following so closely apply the same logic to them but in eth prices so like sub 1600

I'm still very new to this and I'm hoping to get some advice. I put 2k on BTC and 1k on ETH and 100 on LINK.

Now I have another 5k to play with. Should I put it all on ETH? or maybe 3k in ETH and 2k in BTC?

I'm not entirely sure if that is an appropriate question since its ultimately going to be up to me. I guess it just feels like I'm getting in earlier with ETH as opposed to BTC.

Edit: forgot to say that I'm looking to park the money for a while and hope they take off

RP said:

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I'm still very new to this and I'm hoping to get some advice. I put 2k on BTC and 1k on ETH and 100 on LINK.

Now I have another 5k to play with. Should I put it all on ETH? or maybe 3k in ETH and 2k in BTC?

I'm not entirely sure if that is an appropriate question since its ultimately going to be up to me. I guess it just feels like I'm getting in earlier with ETH as opposed to BTC.

Edit: forgot to say that I'm looking to park the money for a while and hope they take off

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Cardano is at an unusual low. I'm looking for it to jump soon. Eth and Link are both strong alts.

BTC is more of a "buy and forget about it" investment.

I agree with AgPrognosticator, but I'm also bullish on Litecoin(LTC), and Cosmos (Atom).

Of my holdings I see these blasting off..

BTC, ETH, ADA, DOT, VET, LINK


Others likely to...

Litecoin, Aave, Theta

Looking at patterns, and the last time Bitcoin dropped heavily was in 2017, where it went from 17k to eventually 3.5k a few months later. Do you see that large of a retracement happening again soon? I think BTC is gonna get to a million, but I could see it dropping to something like 12k in this latest cycle before it continues to ascend.

My long, long term guess is bitcoin, ethereum, and a few others make it. The rest go the way of "ask jeeves" ,"microsoft zune", and "beta movie player".

Short term, most prognosticators say well dip and run with a net movement up until late September at least. Remember, for now, most of these all run with BTC.

Some will have better days than others and some will grow for a longer period of time than others. but Bitcoin is the standard most of them are following. Cardano seems the only exception I can find (ada).

AgPrognosticator said:

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RP said:

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I'm still very new to this and I'm hoping to get some advice. I put 2k on BTC and 1k on ETH and 100 on LINK.

Now I have another 5k to play with. Should I put it all on ETH? or maybe 3k in ETH and 2k in BTC?

I'm not entirely sure if that is an appropriate question since its ultimately going to be up to me. I guess it just feels like I'm getting in earlier with ETH as opposed to BTC.

Edit: forgot to say that I'm looking to park the money for a while and hope they take off

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Cardano is at an unusual low. I'm looking for it to jump soon. Eth and Link are both strong alts.

BTC is more of a "buy and forget about it" investment.

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I reluctantly got in on Cardano bc of the initial hype. I think when it moves to 100% DeFi this year it'll go and I'll be glad I jumped on board

How can ETH or BTC replace the value addition of VET in supply chain logistics improvement? And what about all of the protocols that run on the ethereum network: defi, NFT, gaming, sports betting, social media platforms. If all of the dApps built on the ETH blockchain go the way of ask Jeeves, how does ETH retain its value?

I agree BTC is the safest, followed by ETH. And plenty of alt coins will fail. But if ETH doesn't get 2.0 rolling soon, other blockchain with better scaling abilities could easily be an ETH killer.

jeremy said:

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My long, long term guess is bitcoin, ethereum, and a few others make it. The rest go the way of "ask jeeves" ,"microsoft zune", and "beta movie player".

Short term, most prognosticators say well dip and run with a net movement up until late September at least. Remember, for now, most of these all run with BTC.

Some will have better days than others and some will grow for a longer period of time than others. but Bitcoin is the standard most of them are following. Cardano seems the only exception I can find (ada).

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Cardano pumps and dumps just like the rest of them

They were just discussing the Biden administration bringing forth regulations on crypto in the "next few weeks". Any ideas what these could be or what it might do to this sector?

I'm heavily invested in a coming soon crypto developed on the Ethereum blockchain but yet to launch. With my luck it'll go live right around the time Yellen and company try to screw everything up. I'm betting big on inflation which she completely dismisses publicly.

Yes, but not in line with Bitcoin.

Skillet Shot said:

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How can ETH or BTC replace the value addition of VET in supply chain logistics improvement? And what about all of the protocols that run on the ethereum network: defi, NFT, gaming, sports betting, social media platforms. If all of the dApps built on the ETH blockchain go the way of ask Jeeves, how does ETH retain its value?

I agree BTC is the safest, followed by ETH. And plenty of alt coins will fail. But if ETH doesn't get 2.0 rolling soon, other blockchain with better scaling abilities could easily be an ETH killer.

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Agree with that. I don't know if eth wins out. Just think it's going to hold on for the longest short term.

johnnyblaze36 said:

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They were just discussing the Biden administration bringing forth regulations on crypto in the "next few weeks". Any ideas what these could be or what it might do to this sector?

I'm heavily invested in a coming soon crypto developed on the Ethereum blockchain but yet to launch. With my luck it'll go live right around the time Yellen and company try to screw everything up. I'm betting big on inflation which she completely dismisses publicly.

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Went through my TurboTax one last time before submitting and was asked if I acquired any digital currency in 2020 - didn't ask me that before when I was ready to submit a couple weeks ago

jeremy said:

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It's interesting. Just line the crooked politicians pockets with crypto. It's not like they will make any decisions based on anything other than the highest bidder.

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Should be easier to do without traceability right?

Yes. Mandatory wallet address disclosure, and the criminalization of failing to disclose, is what scares me the most.

I'll push the bounds to a certain extent but I'm not sure the risks of disobedience would be worth it if I was staring down jail time.

Champ Bailey said:

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AgPrognosticator said:

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johnnyblaze36 said:

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They were just discussing the Biden administration bringing forth regulations on crypto in the "next few weeks". Any ideas what these could be or what it might do to this sector?

I'm heavily invested in a coming soon crypto developed on the Ethereum blockchain but yet to launch. With my luck it'll go live right around the time Yellen and company try to screw everything up. I'm betting big on inflation which she completely dismisses publicly.

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Crypto + significant inflation is a real problem the Biden Admin is staring down the barrel of.

If people flee the USD for crypto because of inflation, I could see attempts at regulation to kill crypto.

The major problem they have is that a number of large fortune 1000 companies are also heavily invested in crypto as are a growing number of Americans. If they regulate crypto out of existence, Americans will lose a trillion dollars in value.

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How would they even be able to stop it? Even if you banned crypto wallet site access in the US, or said you owe X amount of taxes if you trade crypto, all it takes is a VPN and you are around it, right?

Ultimately, I find it ridiculous that because people are losing faith in a government's ability to have a strong currency, the government then says well you can't use this other currency, because we don't want to address the problem that we are spending too much.

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I, too, find it ridiculous. However, it would be only one of many moral travesties perpetrated on the citizens of this once great country.

Am I wrong to think they could just buy up all coins then make the taxpayer pay for it via taxes and inflation?

Chrundle the Great said:

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LOYAL AG said:

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Am I wrong to think they could just buy up all coins then make the taxpayer pay for it via taxes and inflation?

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Yes, current bitcoin holders would have to sell it. Including people who have nothing to do with the states.

You can't buy/sell coin without a private key and only the individual btc holder has access to said key. No govt or individual can just force get access to it.

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Good answer except that everyone has a price and they have the magic printing machine. I guess for me I love the idea of wresting control of currency away from government but I believe these cryptos exist because the Fed let's them and if they start impacting their ability to rule the world they will be destroyed. I'd love to be wrong but the Fed is the most powerful entity on earth so I'm just not sure how this goes.

Long term: if freedom wins, crypto wins.

Western governments can delay the inevitable all they want. Make it taboo to own. Inflict high taxes. Scrutinize owners via audit. But defi is going to change the underdeveloped world for the extreme better and those economies will run on crypto. Markets priced in crypto will arise and holding it will be a necessity if you want to conduct business internationally. It's not going anywhere, despite short term scare/regulatory tactics.

Whether or not freedom will win long term is the real question that remains to be seen.

LOYAL AG said:

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Chrundle the Great said:

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LOYAL AG said:

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Am I wrong to think they could just buy up all coins then make the taxpayer pay for it via taxes and inflation?

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Yes, current bitcoin holders would have to sell it. Including people who have nothing to do with the states.

You can't buy/sell coin without a private key and only the individual btc holder has access to said key. No govt or individual can just force get access to it.

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Good answer except that everyone has a price and they have the magic printing machine. I guess for me I love the idea of wresting control of currency away from government but I believe these cryptos exist because the Fed let's them and if they start impacting their ability to rule the world they will be destroyed. I'd love to be wrong but the Fed is the most powerful entity on earth so I'm just not sure how this goes.

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Yeah but crypto guys are even more solidarity types than the retail investors with GameStop. And a lot of them are big libertarian types. If it came down to that, a lot of people would hold it, causing prices to skyrocket.

Champ Bailey said:

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LOYAL AG said:

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Chrundle the Great said:

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LOYAL AG said:

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Am I wrong to think they could just buy up all coins then make the taxpayer pay for it via taxes and inflation?

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Yes, current bitcoin holders would have to sell it. Including people who have nothing to do with the states.

You can't buy/sell coin without a private key and only the individual btc holder has access to said key. No govt or individual can just force get access to it.

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Good answer except that everyone has a price and they have the magic printing machine. I guess for me I love the idea of wresting control of currency away from government but I believe these cryptos exist because the Fed let's them and if they start impacting their ability to rule the world they will be destroyed. I'd love to be wrong but the Fed is the most powerful entity on earth so I'm just not sure how this goes.

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Yeah but crypto guys are even more solidarity types than the retail investors with GameStop. And a lot of them are big libertarian types. If it came down to that, a lot of people would hold it, causing prices to skyrocket.

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I just realized there's not a fingers crossed emoji. I'm strongly libertarian and really, really want us to find a way to weaken this behemoth government. Hopefully this is it.