Hitting the Jackpot: The 3 Coins That Are About to Revolutionize the Crypto World!
Trying to bridge assets between Acala and Moonbeam on mobile... This is beyond painful and I've used Ethereum, Polygon, zkSync Era, BSC, Cronos, Cardano, Cosmos, Gnosis, Base, Arbitrum, Optimism, Tron, Solana, Canto, Fantom, Avalanche, Luna and Hedera. This is easily the worst defi experience I've had. Cardano has no mobile wallet that works with dapps (the last time I checked at least). That's a better experience than having the option of tricking yourself into using Polkadot. I'm convinced that people thinking this is going anywhere aren't actually doing things in the Polkadot ecosystem other than buying DOT on Coinbase and sending it to their wallet. Like actually try the point of the chain (interconnected chains). It's a supreme shitshow unlike anything you'll ever experience in defi.
Still down 50%...however if ETH alone (only 60% of portfolio) gets to $4k I'll be back to even. DOT at this point is all that's killing me. And it's killing me to the tune of almost all my current losses. ETH needs to be at $2400 for break even...but DOT $17.50 : (
my DOT average price currently sitting at 7,86$ That's like the same price when I bought first in January 2021 but didn't sell during bull, instead got too greedy and then tried to catch the falling knife in 2022 which didn't work out that nice... Just hoping to make at least some gains in next bull, not trading anymore of alts until then. Guess I start becoming a BTC/ETH maxi
Using the word "BS" or "shit" a lot (e.g. "shitcoin") is a sign someone doesn't have an argument. >is 99% down from its ATH. Irrelevant to whether it's a scam. >- Just look at their attempt to get some funding from arb, OP and DOT treasuries for a few vids and tweets. No you tell me what kind of scam they conducted.
- Not seeing the scam? They’ve created and promoted a shitcoin that is 99% down from its ATH. 😂 - maybe they should have used another name if all they’ve done is being sponsored by scammy exchanges and platforms 🤷♂️ - Just look at their attempt to get some funding from arb, OP and DOT treasuries for a few vids and tweets.
Besides Btc, Link and maybe ETH, 99.9% of crypto projects will someday be worth close to zero, or at least -99% of their all time high. I would not expect that DOT, SOL or most ALTs to be relevant at all within a 10 year time-frame. I would not hold any project more than 18 months counting from the bull run start to the top.
Hi y'all. I've started investing in crypto again, after being completely disconnected for a couple of years. My current portfolio is 40% BTC, 20% ETH, 15% ADA, 15% DOT, 10% HBAR. What do you guys think about my portfolio? Anything I need to know of any of my coins? I don't know what's the general sentiment at the moment. Would really appreciate some insights. Thx!
Yes and no. I think it's not good to hold all eggs in one basket and freedom security with stable income to do whatever i would like sounds better for me (actually it's my dream cause i hate 9-5 grind and would like to but my effort to something else). Also i would like to hold onto something that i have in real life too (like gold, real estate, land, forest). With leftover I would start to DCA BTC again. I have staked other coins and returns are not that good if coin drops. I used DOT for parachains and staking but in the end i would have been better off if i sold it. Now i'm a bag holder and hoping it will go back to 50. Right now i have assets in Stock, Crypto, Physical gold/silver, apartment, pension index fond and small business. I'm adding to these whenever I feel is right time and have money to do so. Sometimes i invest too much and don't have money for "my time".
First of all I would not invest all my money but maybe half. So just in case this is not a bull market yet, you got something for later. Stick with the major players. Look at what Grayscale and BlackRock are considering for their funds. BTC, ETH, Matic, SOL, ADA, DOT, ATOM, AVAX, XRP. IF they are getting attention from big institutions they will be in focus next bull run and in line for future ETFs. Rest is a bigger risk that could or could not pay out so put less funds it in. Not an advise just some logical rational.
To be fair the long shot is stores of value and smart contract capabilities. When it comes to the second category, ETH and ADA just like DOT and SOL are in the same race so all things being equal it makes sense to invest in all of them. With that reign said, people saying how ETH is a had investment and we should go into SOL are just raising a big ass red flag over their head that says "I haven't gone though a bear market".
I make a living just out of staking DOT. You get 16-18%p.a. You ask me why not everybody is doing it? I asked it myself. I do it since some years now and it works awesome. Of course fiat you get out of it every month depends on the value of DOT. But thats fine and keeps things exciting.
Paying with crypto is inherently wrong, unless that crypto is a store of value like BTC and LTC (and even Doge or PEPE). Paying with ETH, DOT, SOL is like paying groceries with a fraction of your Microsoft stock. Most people don't really understand what crypto is, and its use.
In general alts pump when BTC is slightly trending upwards for a longer period. BTC is currently in a bit of a grey-zone which means alts drop when BTC drops but they don't recover when BTC recovers. This is just a general rule because you'll always see some alts pump no matter the market, but unless there is some sudden influx of interest for DOT it will follow that rule.
If you don’t have life changing money there just keep it like that but DCA into BTC. If you have a lot of money into those alts then it’s up to your risk profile. You could get bigger gains but the risk is that you get bigger losses or they do not catch up to btc. Or you could transfer that into BTC and just leave it there. Bear in mind that DOT and ATOM give you staking rewards so even if they decrease in value you have some tokens there that you can use for whatever you want. If you don’t want to sell your alt bags then sell those rewards for BTC