Virtual Currency - Alt Coin Discussion Thread
I wanted to post a different thread to discuss the "crypto-coin" boom that happened this week.
For those who don't know,
Sonic is my favorite EVM chain now.... also was one of my favorite games as a kid : P
native USDC and less than 1 second transactions are amazing ... but I think the airdrop won't be pretty good, and has to compete with Bera, Monad and the other 1,455,637 L1s out there
Sonic is my favorite EVM chain now.... also was one of my favorite games as a kid : P
native USDC and less than 1 second transactions are amazing ... but I think the airdrop won't be pretty good, and has to compete with Bera, Monad and the other 1,455,637 L1s out there
Sonic is basically all liquidity based so there’s not really any strategy to it, but should be decent. I believe the airdrop is vested tho. Wouldn’t bother farming it fresh at this point bc a lot of sticky liquidity is already there.
Crypto and gold have the same problem here. If you buy now, where does the return come from on a non-cash producing asset vs the alternative in cash producing assets, even better in leveraged cash producing assets like the Nasdaq.
Crypto people are so naive and uneducated that they don't realize right now is what Charlie Munger meant when he called crypto "rat poison".
The risk is not BTC going to zero. The risk is in investing in a non-cash producing asset as if it has a stochastic upward drift like the cash producing stock market , over time.
Duh. It doesn't. Crypto obviously has a log scale as the price goes up with producing no cash. Every crypto trader should read "Introduction to the Theory of Complex Systems" .
I wanted to long BTC as part of fading derangement syndrome a month ago but the ETFs are just **** as far as replication.
I have stochastic block models of the top 100 that I don't know what to do with because it seems like there is no price discovery between coins like in the stock market. It is all just one thing.
Number go up. Number go down. I assume that is the idea of bitcoin maximalism but I would think you would want to counter trend trade that.
Gen Z lottery is almost what I think of crypto as.
Crypto and gold have the same problem here. If you buy now, where does the return come from on a non-cash producing asset vs the alternative in cash producing assets, even better in leveraged cash producing assets like the Nasdaq. Crypto people are so naive and uneducated that they don't realize right now is what Charlie Munger meant when he called crypto "rat poison". The risk
I tend to agree crypto is absolutely worthless.
In 99.9% of cases you do not need a distributed database, since a centralized database is more than enough and will do the job much better and cheaper. However there is 1 case scenario where a blockchain is useful, cheaper and more reliable than traditional systems: finance
and that industry moves trillions anyway
A decentralized and private blockchain with a focus on stablecoins will be seen as increasingly valuable in the future in a world of permissioned blockchains and centralized stablecoin issuers that can freeze assets if a government entity coerces them.
Shade Protocol is building this (stablecoin: SILK) on Secret Network.
There is a reason Monero has one of the only good looking long-term charts in crypto.
I agree. BTCd has been in a rising channel for 2-1/2 years and is still within a few percentage points of its cycle high. So we haven't seen a true alt season yet. But at some point in the next month or two, the trend is going to shift (perhaps after BTC hits a new ATH in the $120K–$125K range), and alt season will begin in earnest. It will not last long, maybe only three or four months, but during that time, we will see major altcoins outperforming BTC. BTCd will gradually decline to ~40%–45%. Then we'll hit a cycle top, and everything will go down for a year.
I haven't studied AI coins, but they feel like a fad to me. Will they pump during alt season? Sure, why not. But I would focus on the top 25 or 50 altcoins by market cap. Let me list today's prices of the top 12:
ETH: $2,492.47
XRP: $2.34
BNB: $647.28
SOL: $167.22
DOGE: $0.2226
ADA: $0.7360
TRX: $0.2739
SUI: $3.88
LINK: $15.55
AVAX: $22.19
XLM: $0.2844
HYPE: $25.96
I'll come back in 6 months and see what the prices are then. I expect that they will be higher for at least 10 of these 12 and most likely all 12. I expect the median rate of return will be about 4x, with a range of 2x–10x.
But what do I know? I am naive and uneducated. I don't even know what "stochastic" means.
Eat it nerds!
What is that on the right? It looks like undercooked chicken.
My guess is swordfish.
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Pot Roast surf n turf?
biggest fuck up of the cycle was only throwing one ETH at this when tipped off at 0.025. #upstuck
"Trump’s VIP dinner served ‘Walmart steak’ and ‘Costco freezer aisle’ halibut, say guests."
My patience is running out. I demand that this cycle's alt season starts immediately! If I don't see significant gains by the end of the month, I will start infracting and banning BFI posters at random. Y'all have been warned!
sorry, alts wont begin rocketing until liquidity rotates out of BTC seeking yield... and BTC still has more time left to rise.
LATE 2025 or post FED QE will see BTC running out of steam if past history is any indication. FED will probably ease twice at the very least this year and this means BTC still has legs.
My patience is running out. I demand that this cycle's alt season starts immediately! If I don't see significant gains by the end of the month, I will start infracting and banning BFI posters at random. Y'all have been warned!
Alt season starts when you least expect it, and usually runs about 2 months or so. One of the main reasons behind it and why most ALT coins run is of course liquidity from BTC but also seller's exhaustion. Many are at lows or sellers are done, and then turn face up and away. Crazy hysteria kicks in and also FOMO. Many coins will do a 20x that are showing utility and are not fly by night company's. As someone stated, BTC has some room yet to run. Then Eth, after that the fun will start. When? Who knows? But we should be getting closer, maybe by October. My main pick still is COTI (privacy layer 2 eth) market cap is low and trading at 5 cents. Will it run? Who knows, but it has some room to grow. Good luck and DYOR, especially in the ALT sector, and make sure they have some utility and not just fly by night or meme coins.
ETH back to 3k.
Been on a good run recently.
Ethbtc tended to bottom a half a year ago..
When do we think 10k ETH? Feel like it should be way closer at this point.
Eth might go into its tear here. Then and maybe a nice alt season starts up in mid august/September and runs for 2 months. Lets hope. Position accordingly! COTI is my holding. The risk/reward is fine here! NFA, research and make common sense choices and ride this wave of fun!
