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re: Official CryptoTalk Thread

Posted on 2/1/21 at 4:32 pm to
Posted by lsu777
Lake Charles
Member since Jan 2004
31653 posts
Posted on 2/1/21 at 4:32 pm to
Depends if 2.0 works, if not Ada is there.

But honestly he needs to just do 50% btc, 25% eth and 25% link.

Posted by CE Tiger
Metairie
Member since Jan 2008
41586 posts
Posted on 2/1/21 at 4:33 pm to
Link running
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 2/1/21 at 4:52 pm to
just know what youre getting into is all im saying, ETH is not sound money, it doesnt have a supply cap, and the existing supply cant be properly audited. the vast majority of the supply was issued out of thin air

as for now, its an unproven experiment based on promises that the use cases for thousands of tokens will eventually emerge

will you make money in the short term, yeah. in five years time, you could even make A LOT of money from it, but it could also be totally broken by then.

i dont think its one of those things you can just set and wake up in 10-20 years from now and be confident it will still be there
Posted by CE Tiger
Metairie
Member since Jan 2008
41586 posts
Posted on 2/1/21 at 4:54 pm to
So why are you even in this thread?
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
11833 posts
Posted on 2/1/21 at 5:04 pm to
quote:

5 10 20 years? who knows

It’s going to fail or succeed within a couple years. They are either going to pull off the upgrade to ETH2 or it’s going to implode. You won’t have to wait much longer to get the result
Posted by UnluckyTiger
Member since Sep 2003
36113 posts
Posted on 2/1/21 at 5:26 pm to
First you shite on silver, now you shite on crypto. Be gone witch!
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80823 posts
Posted on 2/1/21 at 5:59 pm to
quote:

I am new here and looking to take the federal stimulus I just received and set up an account for the kids future... college, marriage, whatever.
Since you are talking a very long term outlook, I would not consider putting a dollar in anything outside of BTC, ETH, and LINK. 95% of all coins in existence today will be worthless 5+ years from now. I'd split up my money like this:

70% BTC
20% ETH
10% LINK

If you want to day trade or weekly trade coins, then sure, go gamble with those alt coins. Otherwise, if this is a buy and hold type of approach, DO NOT look at alts.
Posted by bigolecatfish
God's Country
Member since Jan 2007
1314 posts
Posted on 2/1/21 at 6:00 pm to
jmorr34

Appreciate the help. Worked just fine.
Posted by CE Tiger
Metairie
Member since Jan 2008
41586 posts
Posted on 2/1/21 at 6:16 pm to
quote:

DO NOT look at alts.


I think you could have some high potential coinbase alts like aave, nu, and grt
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80823 posts
Posted on 2/1/21 at 6:23 pm to
quote:

I think you could have some high potential coinbase alts like aave, nu, and grt

Sure, but this guy is looking for set it and forget it. I would not trust any project that "has potential" to make it 5-15 years as this guy has for his horizon. Go with what we know and the best likelihood of still being here. If the coin still exists in 5+ years, the money will probably be 50x what it is today.
Posted by lsu777
Lake Charles
Member since Jan 2004
31653 posts
Posted on 2/1/21 at 7:34 pm to
Yea and I agree with the three listed here, only others I would consider is Ada, and polkadot. Mainly because you will make a lot short term over next 3 years and because if eth2.0 fails, you are hedged somewhat.
Posted by lsu777
Lake Charles
Member since Jan 2004
31653 posts
Posted on 2/1/21 at 7:54 pm to
Ok I want serious opinions on UNFI, that crypto survivors group(different person than the girl who does the graph analysis) just posted a big article on why they believe you will see 20-100x this year on it.

LINK
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7160 posts
Posted on 2/1/21 at 7:58 pm to
quote:

if you are just flipping ETH to make money weekly, anything below 1275 is buy range and sub 1200 is a huge buy range. You can easily make 400-600 a week with one eth token, buying at the 1250 range and selling in the 1400-1450 range. This past week, for example, this has happened 3 times and we are on the down slide again.


It’s almost time to sell ETH again.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/1/21 at 7:59 pm to
So someone withdrew half a billion from Coinbase today
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7160 posts
Posted on 2/1/21 at 8:22 pm to
I just placed my first ever limit order on ETH to sell all my ETH if it reaches $1400.

If this executes properly, then I’ll set a limit buy at $1300
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
25953 posts
Posted on 2/1/21 at 8:31 pm to
Anyone get into Geminis early access for Earn?

Looks like you may have to lock it up for two years, I’m not sure yet. I only have four kinds of crypto that it’s supporting

ETA: nope, no lock up required
This post was edited on 2/1/21 at 8:32 pm
Posted by lighter345
Member since Jan 2009
11867 posts
Posted on 2/1/21 at 8:41 pm to
I did a brief look around as so what people were saying about Earn and consensus was their terms were risky. The crypto will leave Gemini and there is no guarantee of return of your principal if shite hit the fan. I’m sure it’s unlikely anything happens but will hold off on putting anything substantial in it.
Posted by AUCE05
Member since Dec 2009
42582 posts
Posted on 2/1/21 at 8:50 pm to
Damn
Posted by CE Tiger
Metairie
Member since Jan 2008
41586 posts
Posted on 2/1/21 at 9:06 pm to
Mike Novogratz: Five Crypto Assets Could Replace JP Morgan and the New York Stock Exchange

quote:

“So Bitcoin, it’s probably on a risk-adjusted basis the safer, but it’s moved a lot. Ethereum has moved a lot this year but I think Ether has a long way to go so that’s a good investment. And then there is this whole group called DeFi, or decentralized finance. So tokens like Aave (AAVE), or Chainlink (LINK), or Compound (COMP), yearn.finance (YFI), Uniswap (UNI) – those five – there’s a chance that those five blow up the world, not in the next week or the next month but in the next five years. Those are the tokens that want to take the banks and tear the banks limb from limb, that want to replace JP Morgan and the New York Stock Exchange and so I put some money into those things. It’s much riskier, but if it works, it’s going to be a much bigger payoff.”
Posted by LSUJuice
Back in Houston
Member since Apr 2004
17687 posts
Posted on 2/1/21 at 11:03 pm to
quote:

Aave (AAVE)
Compound (COMP)
yearn.finance (YFI)
Uniswap (UNI) 

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