I gave up yesterday, sadly not Exodus (nor Ledger Nano) support Harmony ONE, and I definitely did not want to leave it on the exchange. So I installed Metamask, but only on my phone. I still don't like the idea of browser extension. Now I only need to migrate CKB, which is a little more tricky.
ETH is ETH >Nervos developers and users will lock up CKB on the chain to store data and dapps, so as long as there is demand for data storage on the network, it's not really a concern. Rate of issuance is more important than the fact that there's no cap. crypto isn't that mainstream yet for them to resort to those things.. simple use cases have to be popularized first like sending money to another person who isn't technically advanced.. then as more use cases come to play interoperability might come into picture.. till then it's just faithful thinking
Ethereum is unlimited supply. Nervos developers and users will lock up CKB on the chain to store data and dapps, so as long as there is demand for data storage on the network, it's not really a concern. But I won't lie and say the volume hasn't always been a nagging concern. Most of the time it's pretty abysmal. I'm not saying anybody should all-in on this, that'd be crazy. It's just one of my moonshots.
My risk tolerance has dropped quite a bit and at the same time I find that real life too frequently demands this "only money you're willing to lose" in large amounts, so I devised a new strategy that mitigates risk while providing a great upside if coins reach $.25 or more. 10k tokens of each: VTHO, ONE, SPELL, SC, CKB (got all of this for around $200 so zero worries) If just one of these hits a quarter then magic Internet money suddenly appears to pay some bills letting my bank account take a break. If I let it ride beyond to, dare I say, fifty cents or even a dollar, then hot damn that's a great ROI. Gonna do this with new cryptos that are relatively low with a clear use-case. I won't get rich, but I won't lose my ass either. I'll land somewhere in-between where the reward far outweighs the risk.
Get yourself CRU (Crust network), DERO and CKB. 1k each, 33% now and DCA the rest through half a year 10% each month and forget about them for 5 years. Thats my long term hold pick strategy. These projects gonna be insane in next run.
I think it’s worth watching their decentralized and algorithmic stablecoin DJED. It’s backed by a reserve coin called SHEN. It also has a 4:1 to 8:1 collateral ratio, which means that if the SHEN to DJED ratio dips below 4:1, SHEN can’t be sold and DJED can’t be bought. Although DJED can be sold, and SHEN can be bought. If the ratio goes above 8:1. DJED can’t be sold and SHEN can’t be bought. It would be a little in convenient for people trying to buy and sell a certain coin, but I think it’s a little interesting that it has protections on it. I also think it’s interesting to note it’s connection to ERG & CKB. Those are both eUTXO and POW, meaning they are very secure and decentralized. I think it’s worth watching to see how difficult or easy it is to build with on a eUTXO basis. So far, it doesn’t look good, because Cardano already had scaling issues on SundaeSwap because of eUTXO. I think these things make it worthwhile to put it on your watchlist or hold a small bag.
DOT. Big promises nothing delivered. Not even sure why it is in a top 10 position, when COSMOS already has a working monster ecosystem... CKB is off the radar but that does interoperability safer and smoother than DOT as well.
I want to buy a cold wallet. My choice fell on the Ledger Nano S or Nano X. I only have ETH, ALGO, CKB and some HNT in my portfolio. My ALGO is already stored in the Perra wallet. I have seen you can download an app to store CKB and HNT on both Ledger's. Are there advantages/disadvantages between both cold wallets? They differ quite a lot in price actually. Or does someone has other recommendations? Thanks in advance.
Well every single one dropped so no regrets of selling (yet). I got rid of Algo long ago at 1.6 and CKB in like february. And personal best dodge? Selling ONE in december, dear lord that vegan DAO stuff keeps dropping into doom.
You’re focusing on the wrong thing. We need to bring back u/Hame_bih, u/jkopas bitcorn king, u/hometraineddentist1 who was robbed of his Habbo furni, u/tonybarnaby CKB rep, rise up rise up and ofc bring our non-dead MVP’s u/lesner555 trading superstar , u/cabindemon cause we need a troll and u/creedthoughtsblog for his plays and to keep us humble.
It's all time high is only like ~$0.04. I started buying at around $0.01. I thought CKB had some promise but idk. Still might keep scooping some up at these prices for an either long term hold or fuck lose all my $ type scenario.
Yeah dude, do NOT bet all $10k on one horse. That's a horrible idea. Personally, I think some smart plays for the next cycle are oracles (LINK, API3, etc) and layer 0 interoperability stuff (DOT, ATOM, CKB, etc) and I also think BNB is going to go on an ape shit run later. Of course, DYOR NFA etc etc. Good luck! But yeah absolutely diversify.