BITCOIN

terratus

Zola. said:

terratus said:

Zola. said:

Another ethereum token
hard pass

Quant? It's blockchain agnostic, it can move and run on any chain.

Quant is an Ethereum based token

QNT is an ERC20 token but their overledger technology sits above blockchains, so the actual token can be mirgrated to any chain if need be, it's not like any other standard blockchain project. Betting on Quant is betting on all and any blockchain succeeding as they need to be able to interoperate and will do via Quant.

I saw previous posts mentioning ADA but if this topic is purely Bitcoin only talk then I'm happy to leave it be

adindas

Beside smart contract, the innovation like this

Cardano Partners With Ethiopia Government On National ID Blockchain System

https://www.pymnts.com/blockchain/2021/cardano-partners-with-ethiopia-government-on-national-id-blockchain-system/

That in my opinion will push ADA (Cardano) to keep its position as the best performing major Cryptos.

terratus

adindas said:

Beside smart contract, the innovation like this

Cardano Partners With Ethiopia Government On National ID Blockchain System

That in my opinion will push ADA (Cardano) to keep its position as the best performing major Cryptos.

Exactly! I'm not invested in ADA myself but I don't understand how some people can so blindsided to not realise there is much more to crypto than it being a store of value like Bitcoin. There is SO much happening in this space, the tech is changing the world.

tranquility1

BREAKING:  CRYPTO WHALE MAKING MOVES LAST NIGHT!

I almost doubled my stake in crypto last night.  I have also taken some new positions thusly:

~ £1200 in BTC
~ £1100 in XRP
~ £1100 in XLM
~ £1100 in ETH


XRP and XLM will be the adopted coins for the new financial system, and they will make me a very rich man.

terratus

tranquility1 said:

BREAKING:  CRYPTO WHALE MAKING MOVES LAST NIGHT!

I almost doubled my stake in crypto last night.  I have also taken some new positions thusly:

~ £1200 in BTC
~ £1100 in XRP
~ £1100 in XLM
~ £1100 in ETH


XRP and XLM will be the adopted coins for the new financial system, and they will make me a very rich man.

I rememeber seeing a document online relating to the Digital Pound Foundation that was comprised of memebers from Ripple, Electrnum & Quant (personal favourite). I've just gone and bought a small stack of Cirus (building a new type of wifi router that allows end users to profit off their own data when browing the internet). There's talk they could be annoucing a partnership with a large ISP company next week  The company have been in operation for a few years but the token was only released last week so one for the coming years.

If you're into companies that could help build the new financial system them you may like AllianceBlock (ALBT) as they are aiming to combine the best parts of defi and tradfi.

bugbyte_2

terratus said:

Exactly! I'm not invested in ADA myself but I don't understand how some people can so blindsided to not realise there is much more to crypto than it being a store of value like Bitcoin. There is SO much happening in this space, the tech is changing the world.

I can see the value of the technology and investing in the actual companies that develop the tech because their ip might get adopted by world governments or other use and therefore be worth something, but there is a world of difference between investing in this way and holding coins. I would imagine crypto companies have the same kind of profile as micro bio tech - lots of small companies - few of which may just be on to something. Its interesting that some posters give the impression holding coins on a particular technology is the same as owning a slice of the company that owns the ip. Itds not. The tech may be worth something but the coins value may not follow. 

If I were to hazard a guess, the tech will be developed, then adopted by governments, etc. then governments will issue their own digital currency and existing coins will fade to niche - or they may hold value if enough people are still interested. Meanwhile, the selected companies that own the ip will sour in value.

Buying a grey NFT rock for 1mill is however stupid, and relies on someone else coveting your grey rock enough to pay you more than 1mill in the future. The tech behind it may however have value.

On another point, if you hold £1000 of BTC on a portfolio of £100,000 and it doubles in value, you still have only made 1%. 

Scottex99

On another point, if you hold £1000 of BTC on a portfolio of £100,000 and it doubles in value, you still have only made 1%. 

Weird way to measure your portfolio?

You still have only made a 1% gain assuming the portfolio (of different assets?) is now also at exactly 200k, which it wont be.

grumiofoundation

Scottex99 said:

On another point, if you hold £1000 of BTC on a portfolio of £100,000 and it doubles in value, you still have only made 1%. 

Weird way to measure your portfolio?

You still have only made a 1% gain assuming the portfolio (of different assets?) is now also at exactly 200k, which it wont be.

Presuming they meant if the Bitcoin doubles in value, not the whole portfolio. 

You would go from 100k to 101k (1% gain on whole portfolio). 

terratus

It's only a 1% increase in your entire portfolio because you decided to allocate only 1% of your portfolio to it. It's still doubled. If I believed an asset was going to double in price then I'd allocate far more than 1%. Not meaning to direct that AT you, just speaking hypothetically.

I believe at this stage for the average person, alt coins are there to make money and BTC is there to keep it. Having said that, BTC has increased 5x this year.

Scottex99

grumiofoundation said:

Scottex99 said:

On another point, if you hold £1000 of BTC on a portfolio of £100,000 and it doubles in value, you still have only made 1%. 

Weird way to measure your portfolio?

You still have only made a 1% gain assuming the portfolio (of different assets?) is now also at exactly 200k, which it wont be.

Presuming they meant if the Bitcoin doubles in value, not the whole portfolio. 

You would go from 100k to 101k (1% gain on whole portfolio). 

Yeah I get that but that's the same for any small % of your portfolio regardless? 

If you buy £1k of BTC or Tea Leaves and they are now worth £2k, then you doubled your money. Yes it's still a small % if you have 100k in stocks regardless. I don't get the point other than some people are more risk averse than others.

I have a large amount of my net worth in crypto because 1. I got in fairly early and 2. I dont care about risk too much as I have a good monthly income anyway. Not for everyone but works for me. Even if I factor in the whole crypto market plummeting in value tomorrow