I haven’t followed the DeFi projects much but ETH’s price has been on a strong run since late July. I need to look more into what’s going on there. I know scalability was a concern a while back but maybe that has been solved.
Crypto Currency
- Thread starter AC
- Start date
in case all the haters still think it is a scam, banks are now buying bitcoin including jp morgan who had the ceo telling everyone it was a scam in 2017. High wealth individials and institutions are loading their boats in digital assets while the rest of the world is sleeping. would not suprise me if the us government was buying it also. where did the missing 500 billion go from the last stimulus that the secretary treasury had refused to answer? most likely in digital assets. if you have no exposure to digital assets good luck. there is a reason they go 9 decimal points. soon, you will not be able to afford the first in any asset.
AC
2,500+ Posts
we’ve been saying all of these things minus the DeFi projects. Like Dion I don’t know as much about those. I think Ethereum is here to stay. It may graduate out of the shitcoin ranks during this bull run! Bottom line if anyone especially baby boomers don’t own Bitcoin, they’re going to be sorry. The bond market is rising with the stock market. Not bond yields, institutional investors buying up low yield bonds as a hedge. I sold all stocks over this! It’s a huge trap! All bonds and stocks will crash, perhaps after the election? This is a deflationary recession. Hyperinflation could be the end result someday. If we fire up stimulus and money printing big time after Trump wins. Lookout!
go check out synthetic network. SNX. It is off the charts bad ***. actually deposit assets and it mints a token on the spot. it took several months for the first billion to land in defi. its up to about almost 1 billion per day is being added into these defi protocals. i think eth has graduated from the ico shitcoin status, although many people will still think icos. these projects are up and running and will completely change the way finance is done.
there is a huge battle now at 400.00. the time it ran to 1400 during the ico craze was very fast. there is really not that much resistance past the 400-500 level. eth could make a jump into the thousands pretty easily with all the institutions and high net worth people who have to buy it.
there are so many projects and protocals who who really knows. the only universal truth is that eth powers every one of them. they all have their native tokens ect. but eth is required for them to operate. everyone missed this and allowed eth to become extremely undervalued.
Cannot go wrong with buying eth. i think the us government should mandate every citizen buy it to make up for the ss benefits most will never see. they have the network effect that other blocik chains must tap into or die, like eos is doing. cosmos and polkadot will make interoperability very easy, and cardano is one to watch as they are tapping in as well. the "eth killer" chest thump is over. if you are not with eth you are screwed. cosmos sould be a great area for investment as they
are backed by binance, have a great defi protocal KAVA.IO, and a micro cap data oracle play Band Protocal. Both from binance launchpad and both are very good. do your own rearch. those are heating up. Band would be something like a 50x to get to half of chainlinks cap. just look at their circulating supply. and they are both proof of stake which is in vogue now.
are backed by binance, have a great defi protocal KAVA.IO, and a micro cap data oracle play Band Protocal. Both from binance launchpad and both are very good. do your own rearch. those are heating up. Band would be something like a 50x to get to half of chainlinks cap. just look at their circulating supply. and they are both proof of stake which is in vogue now.
I forgot to mentiion that if yuu want a crash course in defi check out ivan on tech on you tube on the july 7 episode. he goes over the various defi protocals and does a great job explaining them. note during the question and answer that was me who asked him his thoughts about band protocal. that night he and his team threw down on it. he explains all the new hot projects so you can make an educated decision if you are interested. he will bring you up to speed lightening fast.
The fallacy of crypto is that you are trying to understand it. Who cares. follow the money. visa, mastercard, paypal, and even banks like jp morgan who called it a scam in 2017 are in it and have been buying it the entire time. its a digital age and since all world governments have ****** up the fiat system, why wouldnt a decentrialized system work? good luck with your decision.
Lawd have mercy.....when this snake oil implodes it's going to make the Titanic look like a Saturn V rocket.
Short this sh--!
AC
2,500+ Posts
With all respect due to Iatronic he’s a smart guy and challenges all us Bitcoiners to hone our skills. Maybe he has invested a lot in Gold or maybe it’s Stock. I think you are or were in Real Estate??
Anyway, I like you and you make me laugh. We don’t need to agree. So we’re just talking here. I don’t always understand these altcoins. I stick to Bitcoin and I’ll own Ethereum next week. I just saw where Coin Base says they are receiving $400 Million a week in new accounts getting into Crypto Currency. Also Banks will save $12 Billion a year switching to Blockchain banking. Banks as we know them will cease to exist. Accounting, Legal agreements, payments including Credit Cards....Blockchain. It’s coming, by 2030 90% of Americans will own Crypto Currency. Right now it’s at 10%. It takes a decade for new tech to go totally mainstream. Internet, Mobile Phones, and the Automobile all took 10-14 years. When I used to ACH money, it costs $35-$50 and takes 3-4 days +. You can move $10Million to Hong Kong in minutes on the blockchain. DocuSign is going 100% Blockchain so contract signatures can be done instantly. IBM, JPMorgan,Fidelity, MasterCard, Visa, Venmo, PayPal, Tesla all going Blockchain. Amazon too. There is a very long list of major companies starting to use Blockchain technology.
The USD since the 2008 recession has lost 20% of its buying power. I posted the Chapwood Index on here two, three weeks ago. Houston saw 8.9% inflation From 2018 to 2019. I bet this year will be double digits. My passion is to help people retire and not see inflation eat away all their savings. I’ve seen how corrupt the Banking system is first hand. I’ve got the scar’s so I’ve got the passion. My Bitcoin ATM goes online week after next at Texas Gun Club in Stafford. I think I’m getting into Fish City Grill in SugarLand, Katy, and Pearland 4th Qtr, maybe early 2021 for Katy. So come check out my ATM’s for CryptoCurrency. Buy $10 worth. This transition will take time. The sooner you start the less you’ll lose to inflation.
Anyway, I like you and you make me laugh. We don’t need to agree. So we’re just talking here. I don’t always understand these altcoins. I stick to Bitcoin and I’ll own Ethereum next week. I just saw where Coin Base says they are receiving $400 Million a week in new accounts getting into Crypto Currency. Also Banks will save $12 Billion a year switching to Blockchain banking. Banks as we know them will cease to exist. Accounting, Legal agreements, payments including Credit Cards....Blockchain. It’s coming, by 2030 90% of Americans will own Crypto Currency. Right now it’s at 10%. It takes a decade for new tech to go totally mainstream. Internet, Mobile Phones, and the Automobile all took 10-14 years. When I used to ACH money, it costs $35-$50 and takes 3-4 days +. You can move $10Million to Hong Kong in minutes on the blockchain. DocuSign is going 100% Blockchain so contract signatures can be done instantly. IBM, JPMorgan,Fidelity, MasterCard, Visa, Venmo, PayPal, Tesla all going Blockchain. Amazon too. There is a very long list of major companies starting to use Blockchain technology.
The USD since the 2008 recession has lost 20% of its buying power. I posted the Chapwood Index on here two, three weeks ago. Houston saw 8.9% inflation From 2018 to 2019. I bet this year will be double digits. My passion is to help people retire and not see inflation eat away all their savings. I’ve seen how corrupt the Banking system is first hand. I’ve got the scar’s so I’ve got the passion. My Bitcoin ATM goes online week after next at Texas Gun Club in Stafford. I think I’m getting into Fish City Grill in SugarLand, Katy, and Pearland 4th Qtr, maybe early 2021 for Katy. So come check out my ATM’s for CryptoCurrency. Buy $10 worth. This transition will take time. The sooner you start the less you’ll lose to inflation.
Given the irrational exuberance, you will be able to make money on crypto.....for awhile.....but experience tells me it will just end up in a crypt. I hope you make a million or two.
crypto has evolved from day early days of "**** the establishment concept." it is not being adopted by mainstream companies in large numbers every day. i read that you are into gold and siilver. SNX has tokenized gold and silver you can trade. Imaging having a kilo of gold represented by a token in your wallet that does not reuqire motor engine to lug around.. the use cases are way beyond just payment transactions. and not the pie in the sky ico craze. actual use case finance that is attracting around 1 billion in new capital on a daily basis. the gold and silver tokenized market will be very big. you could be a pioneer.
Or, you can learn about risk when you buy Bitcoin and watch it drop from $19,650 in Dec. 2017 to $3,183 in Dec. 2018.
AC
2,500+ Posts
Fyi, DOS is the "chinese chainlink" narriative. and DIA is supposed to be a superb play in the oracle space. it surged today, but with the fundamentals could be one that really goes into the atmosphere. Band was first binance launchpad to get listed by coinbase. nice pump, but the limited supply points to a pending shot to pluto, imo. good luck. imo, band is still the best, and from what ive heard DIA is going to be at least 3rd in blockchain data oracles. Dos just the chinese bs. bitcoin seeems about to make that ridiculous jump just like the first bubble run and the one in 2017. this time it will not be coming back. finally, the dinasaur goldman sachs is NOW BULLISH ON Crypto. the institutions have lied to their clients for years and are all now loading the boat while their clients still think it is a scam. really sad.
that is the mainsream narriative. you cannot look at the top to bottom comparison. even though it dropped from 20k which was ridiculous that low was higher than the low the following year and so on. the yearly lows are higher every single year. that is the only important metric.
to be clear. i know how to use crypto fairly proficiently. i just do not care to bog my mind with info on how it works. if you had a btc wallet i could send you 10k instantly. the a to z is important to me. the b-y, let the people who get stopped from investing in crypto figure that out.
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