Reddit Posts
DCA strategy & crypto [SERIOUS2] [NO MOONS]
People who think banks should still be an option didn't live in a country where banks went in crisis.
Liquidity tightening: Impacts on crypto.
Pandemic simulation crypto game on Ethereum / First of its kind game-fi token with innovative tokenomics / Check it out great community building in TG / Covid Gambit
Pandemic simulation crypto game on Ethereum / First of its kind game-fi token with innovative tokenomics / Check it out great community building in TG / Covid Gambit
Camino : The World of Travel Reinvented.
Covid gambit / innovative new crypto game-fi token / spreading on ethereum network / deflationary tokenomics / active developer & community / solid looking chart
Mentions
Annoyingly when BTC went to $3,000 after COVID I was in a state of panic, and didn't really buy anything. The best buy I did get was ADA at like.. $0.035 which was veeerryy nice.
Imo whales/shorters probably force it down and most people just sell when they see the price tank. Selling assets to survive is usually one of someone's last options and probably hasn't happened en masse since the 08 crisis or COVID.
Those stocks technically is in "bull market" (defined as 20% above the bottom). Other indexes, like in Germany and so on hit ATH. So, with COVID and lockdowns things great now it's "bad economy" ? I don't get it...
Definitely orchestrated. If you use some volume based indicators, the momentum seemed to have shifted after the Feb 6 2018 dip, but they decided to shake out the weak hands one more time. I think it was a wash trade to get more people to sell because most were too scared to buy so it made sense for the whales. People might think I've got a tinfoil hat, but I think the COVID crash was also completely orchestrated.
look.whatbhapoend during COVID crush
Yup. And this ain’t just a wild guess. Just compare the COVID dip in the Stock Market with Crypto and you will see the correlation. I am sure it is visible during other less prominent dips in recent years. I imagine this will also become more true once massive ETFs are approved.
>Do you guys plan on taking profits n rebuying this *next* bull run Why do you assume that there will *ever* be another magical "Bull Run" that all the crypto enthusiast seem to think there will be? Basically, 2017/2018 was when a huge amount of money poured into the market with the first significant retail exposure to crypto (with the subsequent losses and pain), but it was still quite small. 2020+, with COVID, created a mania we will **never** see again, ***all*** market(s) quite literally exploded with rampant and colossal speculation, fed by essentially free money and a worldwide pandemic distorting all markets in the most bizarre ways. Crypto is basically on life-support with retail having lost all interest in it. All you have now is Chinese whales and bag-holders manipulating the shit out of everything. It's in a slow death-spiral and there's very little that will entice retail and significant commercial interests (outside of China) to become involved again. The recent creation of "legitimate" funds is simply a way to try to empty the pockets of the few idiots that are left. Once the markets correct, you'll see them quickly give-up on the idea and move-on, keeping what profit they managed to skim.
If stocks crash, so will crypto. You can see something similar that happened in 2020. Right before the halving, COVID happened and everything crashed. Everything was on sale for MAJOR discounted prices. I think ETH dropped near $100 each, BTC was like $5,000. Then after a week or two, prices steadily started to rise again as investors bought back in. Then, about 6 months later, the bullrun exploded onto the scene. Who knows if something similar might happen but it's always a good idea to save some cash on the side for a black swan event.
However, in the event of a stock market crash, Bitcoin could be affected similarly to the COVID crash three years ago.
TA is great for ret-conning. There are so many different ways to interpret the tea leaves, that you can make it say whatever you want it to say provided that you already know the result. But as far as a tool for predicting the future, it really is just reading tea leaves. For anyone that actually believes in TA, keep track of how well your predictions do: keep a fair and accurate lists of all guesses that you make and fairly count every win **and** every loss. You have to count wins and losses, both. I don't care if you exactly predicted three different things with your TA if there's no tally of how many predictions you threw at the wall that didn't stick. And count your incorrect predictions fairly, without making excuses. There's always an excuse when TA goes wrong. It's never TA's fault when a prediction goes wrong. There's always another excuse at-the-ready because "who would've been able to predict a worldwide pandemic?" Or "who would've been able to predict FTX collapsing?" Or "who would've been able to predict the war in Ukraine goes on this long?" I agree that most of us in 2019 wouldn't have been able to predict something like COVID in 2020. But then again, that's precisely my point: **you can't predict!**
I really like that you can earn banano just by donating your computer's spare processing power to science (folding@home). So you could even say that earning banano saves lives since by providing your unused CPU/GPU power, you are aiding research in its fight against diseases like cancer, COVID-19 or Alzheimer's.
I'm just not sure where big money is going to store itself. We can say that there is no correlation and that COVID defied expectation, which it did, but that was also a unique circumstance. With industry grinding to a halt for the most part, maybe they redirected the usual investment at crypto. Everyone also says that in America the cheques that the government wrote played a part. What I'm saying is that we are in odd times with borderline recessions. I don't see the conditions are right to start a run right now. Obviously it's just an opinion which could be (hopefully) wrong. But it doesn't feel like the right time yet. Happy to be very very wrong ha.
You mean the "real economy" ? If you look back 12 years, there is little correlation with that, central bank interest rates and what. Even if we disregard this, is that "real economy" worse than during COVID times ? With millions jobless and activity slowdown ? And yes, crypto is still small, relatively.
I guess you were fortunate enough not to have all those COVID related job losses and ridiculously high unemployment hit you! Good for you! Congratulations Mr. Winner. The rest of us saw the economy get wrecked. You got yours so that's all that matters. Typical Republican.
Oh shit - we found a guy who's doing worse then a couple years ago! Geeze I better tell the other economists about this. Obviously those systematically gathered well researched stats about lower inflation, lower unemployment, and hugely outpacing the world's recovery from COVID stagnation are bunk! Sir, would you be willing to be part of our peer reviewed study showing how your feelings are actually more relevant than well researched statistics?? I can't tell you how much your contribution here will help! Not all heroes wear capes.
Yeah this damn Dem economy with it's historically low unemployment and dramatic COVID recovery that's far outpacing the rest of the world. Better to throw out your fiat bro, I hear it puts chips in your brain that makes you gay.
I wish I had those balls but for now my emergency fund is bigger than my investments and I am not going to change that. Especially after what I learned after COVID.
Most of us have not experienced how crazy it can get. I imagine that run after COVID was truly insane. I hope we get to experience a true Bitcoin explosion followed by alt season.
Not true. She was a Tesla bull when everyone was sounding alarms even prior to COVID.
Wasn't the second bottom caused by the quick COVID panic that hit almost every single market out there? I doubt something like that will happen again. Unless Putin decides to release some nukes, but if that happens we'll have bigger problems to worry about.
#Algorand Pro-Arguments Below is a Algorand pro-argument written by Zarkorix. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.
#Algorand Pro-Arguments Below is a Algorand pro-argument written by Zarkorix. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.
Federal regulators said Tuesday they found that Bank of America **harmed** customers by **double-dipping on fees, withholding credit card rewards and opening fake accounts**, all of which are violations of various consumer financial protection laws. As a result, the Consumer Financial Protection Bureau ordered Bank of America (BAC) to pay more than $100 million to customers and $90 million in penalties. The Office of the Comptroller of the Currency also ordered Bank of America (BAC) to pay $60 million in fines... ​ As a result of the violations regulators announced Tuesday, Bank of America will be on the hook to pay the agencies and the customers who were harmed over $250 million in total. But this is not the **first time the bank has been hit with regulatory fines.** And those reported Tuesday are smaller than earlier ones. In 2014, it was ordered by the CFPB to pay $727 million in redress to consumers for illegal credit card practices. Last year it was ordered to pay a $10 million civil penalty pertaining to unlawful garnishments and it was further ordered to pay $225 million to consumers for “botched disbursement of state unemployment benefits at the height of the COVID-19 pandemic.”
Yeah well they didn't have the opportunity to until the COVID virus magically appeared in 2020 like *abra Kadabra*.
I'm honestly not sold on 100k Bitcoin at the top of the coming bull run. I honestly think the last one was artificially inflated from all the free money flying around from COVID relief and people having nothing else to do, etc. This coming bull run I'll be happy if we get back to 70k. If it goes higher, bonus. But it's not happening this year so, yeah, people need to temper expectations.
Will bitcoin clean this up too? More than 57 million pounds of PPE and other COVID-related plastic waste have polluted the oceans since pandemic began, study finds
2009- listening to Lil Wayne playing freshman basketball 2013- just graduated, drinking beers with friends running from cops 2017- had a crazy ass gf, went back to college 2020- got back together with crazy gf, good times, COVID hit ate a bunch of pizza
tldr; The relevant text for the article title is: "Crypto ATMs provides instant transaction & easier growing demand for cryptocurrencies, thereby driving the growth of the global crypto ATM market." Summary: The global crypto ATM market is experiencing significant growth due to the increasing demand for cryptocurrencies and the convenience of instant transactions provided by crypto ATMs. The market is projected to reach $3,557.05 million by 2030, growing at a CAGR of 58.5% from 2021. North America currently dominates the market, but Asia-Pacific is expected to grow at the highest rate. The COVID-19 pandemic has also contributed to the growth of the crypto ATM market as the usage of cash has decreased and the demand for cryptocurrencies has increased. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
For the newer folks, remember: Bitcoin crashed to $3500 in the COVID crash of March 2020, well past when the bear market was supposed to be over. Don’t get ahead of yourself. There’s still plenty of time to DCA
I am not sure. I think it will be earlier. COVID coincided with the halving last time, that it is why it was delayed. The other bulls started soon after halving.
Ofc I never know. But just this: last bullmarket was less heavy % wise from top to bottom and the other way around. The world económics don't look too good, privat people have not as much money as in 2021 thanks to COVID and sitting home. We have to sit and see if there is more money coming in with all the ETFs, my guess yes, but I don't know if then also more people are gonna sell and we will have a less crazy pull up.
first COVID, then the war and a year and a half of blood on the markets and I don't know if I could take anymore, honestly. Too much to stress about for more than 3 years, it's darn time the wind blows the other way
Haven't really bought anything since the start of COVID so it is what it is
A 2 bedroom apartment/unit, is anywhere between 300k-500k since COVID :( A 2-3 bedroom house with a backyard, 550k-1M Shits fucked.
Nobody concerned that it dumped like shit just before the last halving? I’m holding right now and will continue to do so, but it’s on my mind. Was that just because of COVID?
Another war starts, COVID 2 comes out, who TF knows what kinda bullshit will go down
Do you remember when COVID started and BTC went to 4k? People were saying everything is dead then too.
How about you find that 400 billion you lost in COVID payment scams first.
Stock market crash because COVID surprise! Panic sell all of my assets and do a 50/50 Bitcoin: Precious metals split. Turn all stimulus money into BTC because I'm a prepper. Needed a house while BTC was over 50k and got my self a solid down payment. Sold it all around 50k. Now Im in accumulation mode again,but more aggressive
Retail don't have money to spank like they did in 2021. COVID stimulus checks aren't coming back.
Oh I bought a bunch sub $100. I backed up the truck when it crashed that low March 2020 and then took all my stimulus money and half of my COVID unemployment and stuck it in ETH right before last bull run. Best financial decision in my life and has afforded me a higher standard of living than my job provides.
It cost me around 4k to accumulate enough eth for a validador. 32 Eth had been the number to get since they announced POS way back in 2018/2019. COVID crash was the best thing that ever happened to me in terms of accumulating.
If Blackrock can make Crypto as mainstream as they did the COVID-19 vaccines, you'll need to have your homestead in place now.
Those first big wins are so exciting right? My first time buying crypto for investment purposes was Dogecoin. I forget his name but I randomly came across a big Dogecoin live streamer's live stream watching the chart and talking about how "it's really happening omg!" and I threw my last $150 of COVID bucks into it. I think it was around 4 or 5 cents at the time. Then Elon kept tweeting about it and we all know the rest.
2018-2020 was way worse than this recent bear market. In 2017, BTC peaked at $20K. It then lost 80%+ of its value dropping to around $3500 low in late 2018. It looked like it finally turned the corner in early 2020, pre-COVID. BTC broke $10K again and was primed for a big rebound. COVID struck and the price dropped LIKE A ROCK. Unlike anything we've seen. BTC went from about $12K down to $3500\~ again, but this time over the span of a few days. You can just imagine the mental anguish at that time for holders. After 2 years of a bear market, they finally felt they were turning the corner, only to get absolutely demolished back down to the lows. The equivalent today would be us hitting around $40K next year, only to crash back down to \~$16K again. What hurts most in bear markets is time. Price can swing dramatically, but time is what really shakes people out.
Cmon dude. This fact is not in dispute. Copy pasting his website campaign is stupid. There like 10 years worth of interviews with him stating this with autism and COVID
To answer simply: He is not a serious person, and should not be in a position of power. Peddles in all kinds of conspiracy theories - the COVID/MRNA stuff is just his main brand. He also claims food allergies are caused by vaccines (a stance he pushed even before the pandemic). He also often openly supports or at least hints other conspiracy stuff like HIV not being the main cause of AIDS. He also peddles conspiracy myths regarding the assassinations of both his uncle (JFK) and his father (RFK) - even denying witnesses who got shot themselves because they were next to his father. RFK Jr. is, simply put, a deeply troubled man who doesn't understand the modern world and tries to reclaim a feeling of control in his life with narratives and myths that have no basis in reality. A person like that should not even be close to a position of power - let alone the US presidency. I don't care if I like his position on crypto or not, the dude doesn't even pass a simple 'is he crazy?' check, and the only reason he has any kind of public attention is the Kennedy name.
- every word that has ever come out of his mouth about the holocaust - every word that has ever come out of his mouth about COVID-19 - every word that has come out of his mouth about vaccines of any variety - every word that has come out of his mouth about school shootings
> It's explained by them not being able to afford property and the things that their parents could afford. This is me. I moved back home after the COVID saga because couldn't afford to rent due to job loss. And sure as hell can't afford to buy either.
Lol I was here for that COVID crash, truly a moment of complete panic and despair.
People think he's anti-vax because of headlines and rarely dig in deeper. If you listen to him speak in long form on a topic, he talks about how these vaccine companies shouldn't be exempt from being sued. That being exempt from being sued lets them have a margin of error that they don't really care about as much. Removing this risk from them, removes the reason for them to do better and instead makes them release products sooner. He thinks vaccines work, just wants companies to be held accountable and to a higher standard than they currently are. This isn't the COVID vaccine, just vaccines in general.
If it wasn’t for the bitcoin fork years ago COVID never would have happened.
We need another COVID and multiple rounds of stimulus packages to bring us on the next bullrun?
Strange bedfellows lol.....I went through this with the COVID shit. Didn't think the shutdowns we're good at all but the only other folks who seemed to agree were nutjobs....
``` This individual expresses frustration and discontentment about the economic system, healthcare, government, corporate greed, and societal norms. They believe the world is set up in a way that forces people into a cycle of work and debt, often for things they see as unnecessary but have been normalized by society, such as smartphones, cars, and internet service. They condemn the practice of monthly payments, which they perceive as a trap to accumulate more debt. They also criticize car insurance companies for arbitrary increases in premiums and express dissatisfaction with the healthcare system, accusing it of draining people's finances through overpriced prescriptions and insurance premiums. They express anger towards the government, alleging corruption, cover-ups, and misappropriation of funds. Furthermore, they voice disappointment with the human condition, mentioning personal experiences of dishonesty and betrayal within their own family and community. They assert that humans are not inherently compassionate and that our social structures are dominated by the loudest voices rather than the best ideas. In their view, civilization's cycle of rise and fall is due to our persistent reliance on the same flawed structures: government, religion, and money. They see people in positions of authority (e.g., politicians, religious leaders) as controlling and exploitative. They further express how the COVID-19 pandemic and its resultant lockdowns have exposed some of these flaws and inefficiencies in our systems, pointing out the undervaluing of experienced workers and the overreliance on underqualified management. They believe that society is heavily manipulated by advertisers and media, and they call for a stop to this, urging people to break away from the societal norms that they believe have made us victims of corporate greed. ```
As a man who usually lives in the past tortured by my bad choices I can't disagree. Bring back 2021 it was good year all in all. If we - COVID and all.
It wasn’t, there’s always some events, if COVID didn’t happen I have zero doubts that we would’ve had a very similar run in the crypto market regardless. Like I said, this 4 year cycle hasn’t failed yet, and I believe it’s smart to play into it until it does. I’d rather DCA now and get ready for a potential run where I make life changing money rather than “what if the last run was the final one” or something to that effect. Yes, anything CAN happen, but I’m rolling with this cycle until proven otherwise.
All these years of chemtrails and the COVID vaccines have allowed the globalist elite to permanently take over my brain and force me to imagine sounds when I read things that 20 year old conspiracy theorists rant about. It's not my fault :(
Pure speculation here: In 2019, price had a nice pump into summer followed by pretty steady decline until beginning of 2020 (COVID crash aside, it began going up after that). Could we be seeing our 2023 relief rally followed by our last steady decline until 2024? I think we still have a good 6-10 months to accumulate before it begins running away from us.
tldr; Tech mogul Jack Dorsey has pledged $5 million to support Bitcoin (BTC) protocol development. The funding will be provided to Brink, a project devoted to strengthening the Bitcoin protocol and network through research and development, with $1 million in funding each year for the next five years from Dorsey’s public LLC fund “#smartsmall.” The first $1 million payment was donated on June 14th. Dorsey has long been one of Bitcoin’s highest-profile supporters and his #smartsmall fund was initially set up as a fund for global COVID-19 relief. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
ETH proponents really underestimate how much the wind has been taken out of the sail of ETH. DeFi shot its load prematurely and nobody cares much for ETH or smart contracts anymore. In this post-COVID world of skepticism and uncertainty, real money (BTC) is king!
>And it is possible that during that period he was telling the truth. That sounds so alien to me but you're right. I think the COVID lockdowns are what really pushed crypto into the spotlight and since then the train has kept building momentum. In 5-10 years form now we might be wondering how we loved without crypto in the first place.
COVID really did a number on so many of us. I was halfway through a CS degree with flying colours and I just found online uni impossible and went on a downward spiral… things haven’t been the same since. Really gotta commend you on getting your determination and putting in the work like that. You’ll certainly be able to look back and be proud of what you’ve accomplished!
I'm just trying to get back on track after COVID turned my life upside down. From job loss, to relationship breakdown and being unable to continue to rent where I was living. Now I'm working multiple jobs, weekend shifts and hoping that my discipline will pay off, take profits next bull run, and restore my work-life balance and hopefully own my own home!
Not sure I see the logic, COVID if anything helped the 2021 run after the 2020 halving...
If nothing like COVID happens, I certainly see the same!
DCAing, like investing, should be a long term strategy. It hurts to look at the charts now but that’s how cycles work. If you think about the timing of your investment, it was off the back of a few years of COVID where markets managed to rebound well, but before the true impact of the economic downturn was realised. Inflation, war, supply chain disruption and other factors continue to plague the macroeconomic environment, so you do need to convince yourself not to expect short term benefits or outcomes. Realistically, I think the soonest we can expect a bull run based on the current environment is mid-next year. By then the macroeconomic environment should have largely stabilized and coincide with major crypto events like the BTC halving and ETH equivalent. As for the DCAing, my advice is keep it up. The key word is averaging. It’s not meant to turn red to green quickly but what it will do is give you a lower baseline to springboard off in the next bull compared to your 2021 entry points. Really, the most critical factor is your choice of tokens to DCA. BTC and ETH is a safe bet but your risk of never realizing another ATH and making your money back amplifies the further you deviate from those two. Of course we’re all bullish on different alts but that’s all speculative. My final advice to you - we’re pretty much all in the red. I’ve had some holdings evaporate in coins that will never come back. Bear markets are ruthless, but the positive is it flushes out all the shoddy business practices and re-baselines the market around fundamentals - it’s a good thing once the bull comes around. So stick with it. You’re not alone, things will recover in time and the more you average down the better off you should be in the long run. Try to separate your emotions from investing and look at charts less often, it’s not worth the stress. The most important thing is you’re investing in your future, focus on education and making sensible decisions and you won’t regret the hardship you endured at this time.
Just hope he didn't dip like he did with COVID
I mean obviously the story is beyond terrible, but this is from fucking 2018. Like almost 3 years **before** COVID started. Why post it now / again for the 100th time?
How has the conference grown from last year in Portugal, or from a few years ago pre-COVID in Denver? Is the plan for Monerokon to stay in Europe now going forward, or maybe back in America or elsewhere next year?
Not to mention we had more money printed during the COVID era than ever in history. That, plus crypto bring the new “in” thing, people being home all day with nothing to do, brought crypto to all time heights People who think crypto will just moonshot past that are definitely too far into the hopium
Also this is a good argument against using dollar as global reserve. They are at the whims of a central bank. Now why inflation and how to fight it, well partially is supply issues because COVID, sanctions, wars. Their plan, people must lose their jobs so inflation (that is dollar not getting weaker), I can't get behind. The system is not working.
I mean if someone is very good at one thing and suddenly he can't do that anymore, it's gonna take a while to spin around, especially if they carries responsibility and a family to provide. It hit us all differently, COVID is still on the news everyday in my country and it's raising again as well.
#Algorand Pro-Arguments Below is a Algorand pro-argument written by Zarkorix. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.
I'm buying! I just went all in again, last time was after the FTX implosion. There was an enormous drop a bit before the last bull run when COVID hit, this is similar. The ultimate fud orchestrated by the governments and entire media. Don't let them fool you.
Well back then it was because of COVID where literally everything including the stock market tanked, but it all recovered and life went on
#Algorand Pro-Arguments Below is a Algorand pro-argument written by Zarkorix. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.
I mean we had COVID, a world wide crisis. SEC is bad but personally I think it’s not as bad as the crisis back then. Time will tell
No. It wasn’t. But it was apocalyptic and a world wide crisis called COVID. Come on
If you want a warning, here's how I think the next year or two will go based on previous crypto cycles: S&P500 (SPY) from current 430 will go down to below 360, possibly even crash to pre-pandemic levels in the 200's for a short while. BTC: $10k is my price target - it'll only be a quick wick down but it'll stay sub-15k for a while. ETH: $500 or less for a month or two at some point. Basically, the economy is shakier than most think and we're in an intense period of greed. People forget the SPY was at 220 during the COVID crash (BTC correlates HIGHLY with the SPY); BTC hit 3k during this time (from 20k previous ATH) before running up to 69k; ETH was at $88 (from previous 1400 ATH) before running to 4800; and many alts plummeted and proceeded to 100x during that time. I'll be sitting on cash until we plunge further as I see BTC, ETH, and promising alts doubling previous ATH's in the next 5 years but only after bottoming out quite a bit further from where we are at. Feel free to DCA right now, but don't full-port at these prices. What you buy is the most important factor (BTC, ETH, reputable alts) but WHEN you buy is what really separates who makes the most in this sphere. Put in some time to study the ATH's and ATL's of what you're looking to get into. If the project you're looking into hasn't been around two or three bull/bear runs you might want to hold off. If you can't tell someone the previous two ATH's and ATL's of what you're buying into then you're not trading a project, you're simply buying and hoping. ALSO, have an exit strategy - for a bold bonus prediction (if the crypto cycles mimic past runs) I see BTC hitting around the 150-210k price point next bull run and ETH hitting 12.5k-18k.
He is right. There is not simply as stocks, one company, one stock exchange, one country. There are global events, like COVID and wars, that sure affect crypto. But the reasons that media give for the PA usually are completely wrong.
Is anyone gambling/trading on some of these alts? The leveraged longs got wrecked in an insanely high volume couple of hours ago. Usually, that is the best time to trade as liquidations are no longer a concern. Moreover, ADA, SOL, and MATIC are oversold to the limits in the last 5-6 days. Finally, whenever we have days where something goes down -25 to -30%, there is always short-term recovery. We saw that in the hash wars of 2018, COVID reckoning day of 2020, The dump down to 30K in summer of 2021, etc.
Crypto can't be over. That's the whole point of it. This is the time to load the fuck up. When there's blood in the streets. If you bought the COVID dio you're prolly pretty well off now. I went all in after FTX. Now I went all in again. Fuck it. I'm still pretty young and if it goes to zero it won't matter too much. Just like 4 years of money I didn't need anyway is gone. Either way I'm in BTC a decent chunk too.
#Algorand Pro-Arguments Below is a Algorand pro-argument written by Zarkorix. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.