Crypto - BTC & Alts

Scottex99

As much as I love the drama of the "BITCOIN" thread (I've been a proud member of that thread for over 100 pages), I think it's time for a splinter cell. Plus there is already a few people in there that just wanna talk about the Orange coin so makes sense to have a place to discuss some other parts of the market. Alts/Staking/Farming/NFTs etc.

I'd say this is more geared towards people who are already invested or have a slight feeling that they might be interested/intrigued by the crypto markets.

By all means I'm happy for the people that think all crypto is a ponzi and going to zero to chip in too, I'm cool to argue all day if we have to. But at the end of the day this part of the board is for investing. And that's what I'd call buying crypto right now (assuming some adequate research). If others want to call it gambling/speculating, feel free, but you'll be better off in the Premium Bonds section perhaps.

Also please dont turn it into a shillfest for random sh!tcoins, there's enough of that on Twitter/Reddit as there is.

This thread may last 1 post or 1000, lets find out.

Cheers

Scott

Adyinvestment

Agree another thread is good and to leave the Bitcoin thread to Bitcoin and anything related.

I would be interested as to what anyone invested "gambling for the naysayers" in crypto believe the space will play out in the near term? My thinking is that we are in a general Bullrun that seems to be playing out quite nicely with lots of Bullish catalysts due over the next few weeks/month's. I do expect a sell off after new all-time high's (hopefully some way above), I am not in the "super cycle" camp as of yet.

Also got one eye on any potential black swan event that could upset the applecart!

Scottex99

Things can change rapidly, I've held through a load of crashes and seen a new ATH each time after a while. I think we'll be testing those in a month or two. Don't think a super cycle is in anyway guaranteed if we fly through those levels but BTC does like to pick up some steam and pump hard when you least expect it (or when I do at least).

Black Swan theory I kind of like but it would need the crypto market to decouple from TradFi and I'm not sure that will happen. Last time stonks got rekt, so did crypto 

mooneysaver

There's already a bitcoin thread on the first page. Please can one of the mods merge these threads?

Scottex99

Literally the whole point of this, should we merge the 50 Vanguard threads too?

Tomatillo

I'd be interested in a thread discussing what can be done with crypto (farming etc) rather than whether it is a good thing or not. 

Scottex99

Yep, hence the new thread. I've got LP pools in a few places, generally understand the impermanent loss that comes with and think it's a worthwhile convo to be had.

I'm also literally watching a countdown end for some Solana NFTs I'm about to try and get involved. 

If boomers think that's the same as Bitcoin, then fair enough 

Adyinvestment

Scottex99 said:

I'm also literally watching a countdown end for some Solana NFTs I'm about to try and get involved. 

Although I understand NFT's, I really can't wrap my head around some of the crazy prices, I was reading a story on BBC earlier today about a 12 year old from London who has made £290K in the summer holidays from designing NFT's! ...12 years old! Insane 

Michael121

Imagine if BTC wasn't first to market maybe it would now be recognized as one of those $h!tcoins?

Scottex99

Adyinvestment said:

Scottex99 said:

I'm also literally watching a countdown end for some Solana NFTs I'm about to try and get involved. 

Although I understand NFT's, I really can't wrap my head around some of the crazy prices, I was reading a story on BBC earlier today about a 12 year old from London who has made £290K in the summer holidays from designing NFT's! ...12 years old! Insane 

Haha I just saw that too. Damien Hirst's "The Currency" is a pretty good example of a legit version. Already 10x from mint price I think. The site I'm trying to get mine on just crashed instantly on after the countdown, pure FOMO.

https://www.rekt.news/a-piece-of-art/

mooneysaver

Scottex99 said:

Literally the whole point of this, should we merge the 50 Vanguard threads too?

The title is BITCOIN in capital letters and it has about 90 pages. Pretty difficult to miss.