Altcoins, DeFi thread

[Lordosis]

Quote: "Just imagine traveling 10 years back in time and trying to explain this to someone; just imagine what an idiot you'd feel like. 'There's going to be this online currency that people think is a form of digital gold, and then there's going to be a different online currency that is a parody of the first one based on a meme about a talking Shiba Inu, and that one will have a market capitalization bigger than 80% of the companies in the S&P 500, and its value will fluctuate based on things like who is hosting Saturday Night Live and whether people tweet a hashtag about it on the pot-joke holiday, and Bloomberg will write articles and banks will write research notes about those sorts of catalysts, and it will remain a perfectly ridiculous content-free parody even as people properly take it completely seriously because there are billions of dollars at stake.'"

Bloomberg columnist Matt Levine

[xraygoggles]

Quote: "Just imagine traveling 10 years back in time and trying to explain this to someone; just imagine what an idiot you'd feel like. 'There's going to be this online currency that people think is a form of digital gold, and then there's going to be a different online currency that is a parody of the first one based on a meme about a talking Shiba Inu, and that one will have a market capitalization bigger than 80% of the companies in the S&P 500, and its value will fluctuate based on things like who is hosting Saturday Night Live and whether people tweet a hashtag about it on the pot-joke holiday, and Bloomberg will write articles and banks will write research notes about those sorts of catalysts, and it will remain a perfectly ridiculous content-free parody even as people properly take it completely seriously because there are billions of dollars at stake.'"

Bloomberg columnist Matt Levine

Love Money Stuff, hilarious/informative/educational. u have good taste my friend.

[Zaphod]

love matt, so funny

[tomato14]

Any crypto investors have insight into Chainlinks token value as a long term investment into the crypto space?

[jacoavlu]

hey CordMcNally why oh why cardano

[RocketBooster]

What altcoins you guys into these days?

[jacoavlu]

What altcoins you guys into these days?

no one is “into” any of these shitcoins

[docnews]

Who will win the proof of stake design challenge?

1) ETH 2.0: transition will go smoothly.
2) ADA: methodical research will pay off.
3) SOL: proof of history is needed.
4) DOT: parachains make sense.
5) BTC: proof of work still works.
6) USD: love my printed dollars.

I didn't realize that wci was allowing another crypto thread other than the mega btc thread.

[docnews]

What altcoins you guys into these days?

Currently 76.5% USD, invested
20% BTC
2% ETH
1.5% ADA

[xraygoggles]

no one is “into” any of these shitcoins

Speak for yourself - I have made much much larger returns in shitcoins this cycle than Btc. Not even close, % wise. But the key thing is to take your shitcoin winnings and put them into Top 2 for the end of this bull cycle. Sell majority (50-75% of holdings) near peak hopefully is the plan.

My current breakdown is: 50% BTC 40 ETH 10 Alts

[jacoavlu]

Speak for yourself - I have made much much larger returns in shitcoins this cycle than Btc. Not even close, % wise. But the key thing is to take your shitcoin winnings and put them into Top 2 for the end of this bull cycle. Sell majority (50-75% of holdings) near peak hopefully is the plan.

My current breakdown is: 50% BTC 40 ETH 10 Alts

i guess you and i define “into” differently

[xraygoggles]

i guess you and i define “into” differently

I'm 'into' them insofar as they provide highly asymmetric speculative returns.

[Zaphod]

Yes I have a nice Doge deck out back. Killed with Shib as well. Ofc sizing wasnt big at all, but still gonna take it.

[goldenchimpy]

Excluding the straight up meme coins, I’m actually a fan of chainlink as well as ADA and DOT. Depending on how defi plays out, regulatory environment, and network effects the relatively unknown Radix could blow up (long term play for sure)

[jacoavlu]

https://etherscan.io/tx/0xf22e8254c32866d28f5b69f009d59ca2b45891f05e2a073b94679bd107c828a1

just the ETH foundation moving 20k ether to an exchange to sell. similar to the 35k they moved 6 mos ago