Crypto

s!ovak

s!ovak

Active member
For those that are investing in this, what do you see as the next Bitcoin, Ethereum, Cardano or Binance Coin?

I've just taken the plunge into it and like everyone else I'm looking for the next 100x, 1000x gains. Easier said than done, but any tips?
 
Good time to buy now. Not for the profits you mention but a steady increase after the crash yesterday is probably on the cards *

*I haven’t got a clue by the way.
 
In addition to ADA, I'm also watching DOT (Polkadot), MATIC (Polygon) and AVAX (Avalanche).

And, as an early option, https://bogged.finance ($BOG) is worth looking at. An oracle for Binance Smart Chain, and currently not listed on any exchanges and so projects like these have the potential for the big gains. Its goal is to overtake Pancakeswap. It currently enables you to make limit orders on BSC - it stands alone in that regard.

I can also speak English (y)
 
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s!ovak said:
For those that are investing in this, what do you see as the next Bitcoin, Ethereum, Cardano or Binance Coin?

I've just taken the plunge into it and like everyone else I'm looking for the next 100x, 1000x gains. Easier said than done, but any tips?
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It's not investing, it's gambling, and gambling at an extreme level. There's no underlying asset value, it's not regulated and it's high energy use (waste), and in bitcoins case, most of that is used guessing a random number seemingly. Now there countless "coins" fighting each other in a market that is taking a beating.

The place to go for specific investing and Crypto advice isn't likely to be a football forum, full of old farts, who are well off the pace (in general), including myself. If you absolutely must do it, then maybe you might find some better advice on reddit, but like I say it's an extreme risk (like a lot more risk than Sirius was).

Unless you REALLY know what you're doing, then avoid it all costs. It doesn't seem like you know enough or could keep up with the pace so you would be wise to avoid it.

There's been a rise, a big one (and then a 40% fall), but you're extremely late to the party. A large reason for the rise is daft people buying something they have no idea about, as they can't go out drinking so have money to burn. Or they fall victim to pump and dumps/ the ponzi scheme.
Stimulus/ furlough will stop, inflation is up, and people will have other things to buy/ waste money on, this isn't going help the crypto market.

If you want to take a risk, and have a long time window, invest in a high risk, high reward diversified fund with underlying asset value. Or invest in a global fund like on vanguard or whatever. If they all fail or go to zero then the world is fcucked anyway, so it won't make a difference.
 
It's certainly gambling if you just to pick a token off Binance at random, but the underlying technology and uses for the blockchains differs greatly. This is where an understanding of the different products moves into investment territory. They aren't just variants of the same.

ADA, DOT, MATIC and AVAX are all Proof Of Stake, rather than the high energy use Proof Of Work technology which is behind BTC.
 
Doge 👍
Not a crypto owner personally, it wouldn’t be the first thing I’d buy if I was putting money somewhere but there’s certainly scope to trade it .
 
A few years ago i bought, and then transferred them all into tokens. Some still exist and some don't, its just a pile of crap that stuff. Having said that, I do think the main players, they will keep on growing, and if they don't, its kind of hilarious and one of the best stories of the 2000's. I bought bitcoin at 11,000 US, (i put in 1000quid) and i could have cashed in at 64,000, but didn't. Now its down to 40,000 and I'm just going to keep still for now. Lost it all? Win a fortune? It all boils down to the common advice, only put in what you can afford to lose. Maybe a long time in the future, if you are lucky, some of the coins might be worth something. Mostly they are ETH based, and depends on their services, so its similar to investing in the stock market. Good luck everyone.
 
I’d buy a physical doge coin for my 3 yr old niece if you could actually buy them . Can’t find any other than what looks like fake coins .
 
Doge is out-and-out gambling as there is zero substance to it and no real use other than the hope of it becoming a mainstream currency. It's similar to BTC in that regard, which is a dated technology and has become more of a commodity of the rich, and the dreamers. I'd not want to actually spend it nowadays. It's worth too much.
 
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Piggledick said:
A few years ago i bought, and then transferred them all into tokens. Some still exist and some don't, its just a pile of crap that stuff. Having said that, I do think the main players, they will keep on growing, and if they don't, its kind of hilarious and one of the best stories of the 2000's. I bought bitcoin at 11,000 US, (i put in 1000quid) and i could have cashed in at 64,000, but didn't. Now its down to 40,000 and I'm just going to keep still for now. Lost it all? Win a fortune? It all boils down to the common advice, only put in what you can afford to lose. Maybe a long time in the future, if you are lucky, some of the coins might be worth something. Mostly they are ETH based, and depends on their services, so its similar to investing in the stock market. Good luck everyone.
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There will be more than one 'winner', as finance is just one use of blockchain technology. The web may even be built on it eventually. The end of centralised hosting.
 
That is one story around, and i hope it is true. Ive only got 974quid in it, but bought a bit early, and if it does keep going, that could either go to nothing, or return me 50,000. All about timing as usual with these things.
 
dan_ashcroft said:
It's certainly gambling if you just to pick a token off Binance at random, but the underlying technology and uses for the blockchains differs greatly. This is where an understanding of the different products moves into investment territory. They aren't just variants of the same.

ADA, DOT, MATIC and AVAX are all Proof Of Stake, rather than the high energy use Proof Of Work technology which is behind BTC.
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See, you seemingly know what you're on about, and definitely know more than myself about crypto, so you doing it is fine, but to most, what you've written there, might as well be in binary. I'm not sure what you know about risk and reward investment though, having knowledge of both is probably not common, and most investors probably wouldn't be risking more than 5% of any investing portfolio on crypto.

The blockchain idea seems fine, and that will have use, at some point, guaranteed, although it's about 10-50 years early for me. But needless energy use to guess a random number and solve pointless calculations to be the next part of the chain is bonkers, there is just no way on earth that can continue. Even China have sussed this, and they're backwards. Even if energy was free, it could still be used in better ways, guessing random numbers should be last in line. This is seemingly how bitcoin is ran, and whilst bitcoin is number one, it is making a joke out of something which could, in the end, be good. It does need to get away from crime too, but that's another ball game.

I liked the idea of Etherium where it could be used for contracts, I could see how that could work in construction when you want to work for a client but you're unsure of their financial standing, but I don't know a great deal about it, and I'm not sure how that's linked to bitcoin. I wouldn't invest in it though, I think there are much less risky "gambles" with good gains.

The problem is there are guys that know 20x less than me, who have been putting money into this which has jacked up the price, and then other idiots have joined in at the jacked-up price. For every 1 guy that knows what he is on about, there are 10 guys who get lucky, and there's 100 who are going to get their a$$ tanned.

Doge is an actual pi$$ take, and look what's happened to that, it's laughable.

Musk can move the whole market, massively, with a tweet. He whinged about bitcoin and moved to doge, bitcoin took doge down with it, bonkers.
He's on thin ice doing that too. It's funny though, as his company (which is doing great things, and on the up) is also be largely overvalued, which again is fuelled by retail "investors" coming in and jacking up the price when they've no idea how to calculate share worth and company value, it's insanity.
 
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"The blockchain idea seems fine, and that will have use, at some point, guaranteed, although it's about 10-50 years early for me. But needless energy use to guess a random number and solve pointless calculations to be the next part of the chain is bonkers,"

Yes, it is, totally. BTC is a disaster really, and Doge is basically a clone of a clone of it. Fortunately, new projects have moved away from the 'Proof of Work' concept, the downside I guess is that many use Proof of Stake - which basically means the more you have, the more you can get. The rich get richer, as always!

Ethereum smart contracts are a step up. It's not linked to Bitcoin at all. It is like a BTC++ really, where computer code contracts can be used on the blockchain to add functionality. Downsides.. ETH currently still is Proof of Work and so isn't environmentally-friendly. and is also too expensive to use really. It can cost hundreds of dollars to make a transaction, which rules out smaller uses.

Cardano, Polygon and Polkadot are different again :) Like Ethereum but Proof of Stake, and cheaper to use. More to it of course, but I'm no expert either!
 
Zilliqa is worth looking at. it does everything that Etherium does but more quickly and cheaply.

Edit: two of the biggest Youtubers in the world (one with over 62m followers) have bought into xcad which is on the zill blockchain.
 
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dan_ashcroft said:
It's certainly gambling if you just to pick a token off Binance at random, but the underlying technology and uses for the blockchains differs greatly. This is where an understanding of the different products moves into investment territory. They aren't just variants of the same.

ADA, DOT, MATIC and AVAX are all Proof Of Stake, rather than the high energy use Proof Of Work technology which is behind BTC.
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What I dont understand is why, if the underlying technology is in any way important or even a real thing, did they all crash at exactly the same time? Why did they flash crash at all, what changed about the underlying technology? nothing as far as i can tell. And why did they all crash to similar degrees?
And have the underlying technologies transformed again over night or something as theyve seemingly clawed back 20 percent since i last checked the prices!?
 
ThirdLeg said:
What I dont understand is why, if the underlying technology is in any way important or even a real thing, did they all crash at exactly the same time? Why did they flash crash at all, what changed about the underlying technology? nothing as far as i can tell. And why did they all crash to similar degrees?
And have the underlying technologies transformed again over night or something as theyve seemingly clawed back 20 percent since i last checked the prices!?
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95% of the money probably isn't backing the technology, it's late amateurs thinking they can get rich quick on a ponzi scheme. It's like a deck of cards though, if you take bitcoin down the rest will fall too, as it's the same people likely investing in all/ most of them. There's seemingly a lot of people trading this on CFD's too, which is absolutely mental with the volatility of it, everyone will be getting margin calls all over the place. Most people either go broke or get too greedy and then go broke, not many will be nailing it over and over.

The crashes this time were seemingly because Tesla stopped taking BTC and because China is seemingly trying to ban it (based on logical energy issues), that's obviously big news and worthy of the drops, but got knows why it's risen again. Maybe it's people "buying the dip", but that seems scary when it could go to zero, it's not like buying the dip in APPL or MSFT, they basically can't go to zero.

If it was secure, and had been largely backed by pro investors then the price wouldn't move as much, so fast as they wouldn't brick it as soon as it started going down, and there wouldn't be a massive sell-off. The problem is it's pro "pump and dumpers" and amateur ponzi's combined, it's crazy.

Everytime it goes down, it could be the time it goes to 0, people get extremely afraid of drops, it makes volatility mental. Pro's like volatility, but it absolutely kills amateurs.
 
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