Guys, never thought I'd say this but it's time to drop Google, Apple, Amazon etc. These are solid equities that will absolutely keep growing and outpace inflation but it's going to slow waaaay down.

Disruption and innovation is going to come from the decentralized Web3 space. The most obvious and safest bet here is to own Ethereum. I expect Ethereum to outpace Web2 Big Tech by at least a factor of 2x moving forward. Then you start looking at smaller/newer plays farther out the risk curve.

If you're taking a 10 year Investment horizon or longer the risk of being too early or mistiming a particular market cycle is mitigated.

PS - if you're a freedom loving person, you have a moral imperative to do this. Big Tech is not your friend and they're no longer your safest bet for wealth accumulation.

One man's investment opinion. Certainly not investment advice. We'll see what happens in the coming years!

Wait, it's not investment advice?

I just bought $100K ETH - come on, man!

The hottest new VC lingo is here!

Have you heard about Web3? It's like web 2 but better! METAVERSE! It's what Mark Zuckerberg is talking about and you need it too. If you subscribe to my daily newsletter I will inform you which web3 token/companies to buy. WEB3! It's like blockchain but better!

Red Red Wine said:

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Wait, it's not investment advice?

I just bought $100K ETH - come on, man!

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It's too bad you're joking! That would probably be a nice move in a couple years.

@administrative are you full on Bitcoin Maxi, just to be clear? As someone who I've seen advocate for crypto for a long time on this board, it's pretty amazing to see the sarcasm and skepticism around innovation in the decentralized blockchain space.

I believe the applications for this technology will explode and dismissive takes of the potential of this new space come off to me like Steve Ballmer -

"There are three classes of people: those who see, those who see when they are shown, and those who do not see." - Leonardo da Vinci

I had never heard of Web3 before and some reading. I do see it growing, but I also think the general public is way too dumb to understand and embrace this step change in technology. And the government will find a way to get involved. Do you see the government giving up control these days?

I'd encourage indepth reading on PGP's history [pretty good privacy & cypherpunks] on what the govt can and cannot control about coding and protocols released into the wild like Gutenberg Press instruction manuals after the catholic church tried restricting access...

Agree mostly.
I believe you have too much confidence in ETH 2.0 being the problem solver many hope it will be.
Imo, ETH is currently relying heavily on L2 solutions and it is still problematic. The 2.0 version will probably behind the latest innovative tech and will still have holes to be filled.

Why I believe remodeling a skyscraper is nice, it doesn't resolve foundational and structural issues in the long term. 2.0 is not a demolition and rebuild from the sub structure up but closer to a building code compliance and remodel project.

Hope I'm wrong for long term ETH holders as I have family and friends that do not agree with me.

I think Eth has the first mover advantage and already has tendrils so deep into the cryptoverse, no one will unseat it as the premier Web3 blockchain. I wouldn't be surprised if Eth flips BTC at some point in total marketcap because of this.

You can hedge Eth's dominant role by investing in the chains biting at it's heals, primarily Solana. (Which offers 6.5% staking or higher FYI). Regardless of how the ultimately stack up, there's going to be more demand for blockspace than supply in the coming 10 years so they will all find a role and niche and support the growth of the ecosystem.

My plays in this space right now include Eth, Sol, Fantom, Polygon and Chainlink. Dropped a few lottery tickets into metaverse plays...got lucky on Decentraland, but I don't know enough about that space to make any meaningful long term investments beyond knowing Eth will likely play an infrastructure role in all of it.

exp said:

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I think Eth has the first mover advantage and already has tendrils so deep into the cryptoverse, no one will unseat it as the premier Web3 blockchain. I wouldn't be surprised if Eth flips BTC at some point in total marketcap because of this.

You can hedge Eth's dominant role by investing in the chains biting at it's heals, primarily Solana. (Which offers 6.5% staking or higher FYI). Regardless of how the ultimately stack up, there's going to be more demand for blockspace than supply in the coming 10 years so they will all find a role and niche and support the growth of the ecosystem.

My plays in this space right now include Eth, Sol, Fantom, Polygon and Chainlink. Dropped a few lottery tickets into metaverse plays...got lucky on Decentraland, but I don't know enough about that space to make any meaningful long term investments beyond knowing Eth will likely play an infrastructure role in all of it.

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Great comments. I would add Avalanche to that list as well. Im in a metaverse index called MVI, has done well. Also would recommend getting an ENS domain. Brandon should pick up Texags.ETH

Imo, security, speed, and cost will eventually supercede first mover effect.

I just don't think how ETH was built it will ever catch up to the scalability and interoperability of other ecosystems.

Could be the case. How do you see things? Do you like a different chain right now? Do you think it's all too uncertain and rapidly evolving to say?

exp said:

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Could be the case. How do you see things? Do you like a different chain right now? Do you think it's all too uncertain and rapidly evolving to say?

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I'm on the record months agi as saying within ten years there would only be 8-10 ecosystems. I believe most will die, be absorbed, or merged with another.
Imo, the space is still new yet vast VC money in place. I think regulation and evolving technology will be the major catalysts in minimizing ecosystems.
We will want and need certain levels of decentralization without the risks of scams, rug pulls, or (as investors) lagging tech.
There outstanding teams already working on innovative tech. We will have several major players within multiple lanes as interoperability leads the charge.
I see ETH as one of the survivors but losing a lot of market share. There will absolutely be room for multiple ecosystems. I see Cardano, ONE, LINK, and possibly DOT or Algo fighting for a spot as well.
My gut tells me the space will be more like Samsung/Apple/Huawei/LG in smart phone production, or Netgear, Google, TP-LINK, Asus in routers. Several major players worh some specializing or innovating in specific areas.

What happens to most small cutting edge start up tech companies? They get bought by Google, Microsoft, FB, etc. Often the brightest minds leave college or their garage ro work for them directly. I can see that happening in blockchain/crypto.

My $.02

I have no doubt companies like Google will start to accumulate blockchain talent, but I'm not so sure they'll actually be able to control the market. The nature of decentralized blockchains is they are owned and controlled by the miners and/or stakers of the tokens. If Google comes out with a blockchain, will anyone want to use it? I'd venture to say only if it's truly decentralized and has some technological advantage over the other players.

As the economy becomes more and more tokenized, I think it becomes harder for companies like Google to extract value as they do today. The owners of the tokens, whether they be fungible or non-fungible, will be able to keep and extract more value for themselves. This is one reason decentralized tech is so interesting to me.

I was not stating that Google and the such will get into blockchain themselves. I was using those companies and their paths as an example of the crypto ecosystems that will survive, and how they will grow, hire talent, and absorb smaller ecosystems.

I can invest in AAPL MSFT GOOGL AMZN etc in a Roth IRA; but, how do I invest in web3 in an IRA?
How do you invest in cryptocurrencies in IRAs?

Graysclae ETHE. Another option is to open a itrustcapital IRA account and transfer cash to that account.

Not enough talk about Solana in here. It's a faster horse than Ethereum, and not significantly riskier. Better technology all around. I have 12x my Solana investment in 6-ish months. I expect another 5-10x within the next few years.

**NOT** Financial Advice

Papa Joe said:

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I can invest in AAPL MSFT GOOGL AMZN etc in a Roth IRA; but, how do I invest in web3 in an IRA?
How do you invest in cryptocurrencies in IRAs?

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Unfortunately, you can't yet. Not without using a proxy like MicroStrategy. But that's pretty much just a Bitcoin proxy.

My IRAs are exclusively $TSLA, because I'm not a fan of diversification. I'm a fan of knowing everything I can about very few investments, and only investing in the ones that I have super high conviction in. For me, in the equity market over the last 2 years, that has only been Tesla. (And it's worked out really well)

The crypto world is where I have money that would normally be in equities in a traditional brokerage account. There, I only own a little Bitcoin, and a LOT of Solana. Once again, I only invest in specific things that I know a lot about, and have high conviction in. Solana will (and has) grow way faster than Bitcoin, but Bitcoin is just one of those things that I think every investor should own at least some of.

**NOT** Financial Advice

Done7 said:

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Graysclae ETHE. Another option is to open a itrustcapital IRA account and transfer cash to that account.

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Hasn't heard of the itrustcapital IRA. Will check that out, thanks!

I heard they are going to wave the $29 month fee soon.

aggievaulter07 said:

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Not enough talk about Solana in here. It's a faster horse than Ethereum, and not significantly riskier. Better technology all around. I have 12x my Solana investment in 6-ish months. I expect another 5-10x within the next few years.

**NOT** Financial Advice

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Have you looked at the tokenomics and distribution???

Over 80% to insiders, validators, and devs, with only minimal actually going to the public Imo, Sol will end up being knocked down severely as more realize who has control and how thwy are willing to use it. Sol does not fall under the origins purpose of crypto.
Short term gains will be good but long term I would use caution.

Not everything is going to be as decentralized as Bitcoin, especially at the start. I don't buy in to the narrative that it's necessarily bad that VC's have a big stake in a particular platform. Powerful people with money drive a lot of economic interest.

I'm perfectly comfortable with the tokenomics of solana & expect its distribution to only increase with time. Ultimately its technical capabilities in comparison to Ethereum will drive adoption and the fact that early investors/developers have a large stake will ultimately not matter. I have observed what looks like a growing consensus/recognition of the power of this platform as the #2 smart contracts blockchain. Time will tell if they can consolidate that momentum into a permanent #2 spot, but I am betting that they do.

I have been transferring Solana around between exchanges and wallets and it's instantaneous and essentially free. I purchased my first NFT (just to understand how it works) on Solana. I think it's going to be around as a long-term player in this ecosystem. Could easily be wrong about that...not naive enough to think I know how the future will play out.

At this point anyone still hating on SOL is delusional

Try using Harmony One and get back to me on what you think please.

TxAG#2011 said:

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At this point anyone still hating on SOL is delusional

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Have you been correct about anything or am I confusing you with another poster?

AVAX ath

HMBL

aggievaulter07 said:

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Papa Joe said:

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I can invest in AAPL MSFT GOOGL AMZN etc in a Roth IRA; but, how do I invest in web3 in an IRA?
How do you invest in cryptocurrencies in IRAs?

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Unfortunately, you can't yet. Not without using a proxy like MicroStrategy. But that's pretty much just a Bitcoin proxy.

My IRAs are exclusively $TSLA, because I'm not a fan of diversification. I'm a fan of knowing everything I can about very few investments, and only investing in the ones that I have super high conviction in. For me, in the equity market over the last 2 years, that has only been Tesla. (And it's worked out really well)

The crypto world is where I have money that would normally be in equities in a traditional brokerage account. There, I only own a little Bitcoin, and a LOT of Solana. Once again, I only invest in specific things that I know a lot about, and have high conviction in. Solana will (and has) grow way faster than Bitcoin, but Bitcoin is just one of those things that I think every investor should own at least some of.

**NOT** Financial Advice

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This is not true. I'm in GBTC in my IRA, and it's been around for years. There's also an Ethereum trust (ETHE). Additionally, the new Bitcoin futures-based ETFs are out now and can be purchased in an IRA.

ENS airdrop today. This is whats so great about Web 3.

Airdrops and marketing via USPS, what's the difference?

administrative errors said:

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Airdrops and marketing via USPS, what's the difference?

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If USPS wants to send me a free $5k I'll happily take that as well.

Just sit through this 5 hour seminar and buy a timeshare, done.

Stan Crowch said:

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ENS airdrop today. This is whats so great about Web 3.

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How are you getting it?

They took a snapshot of ENS domain wallets on 10/31.

HMBL launches updated wallet.

https://www.einnews.com/pr_news/555817130/humbl-announces-launch-of-updated-humbl-pay-mobile-wallet-application