$2k won't get you great ASICs for BTC mining. May be best to go into ETH mining but that may be going away in half a year with ETH 2.0. Could still be pushed back and the same hardware can be used for mining ERG, FLUX, RVN.
Since we're doing LRC FOMO stories, I got in on CRO at $0.13 and rode it up to about $0.60 - at which point I took some profit and decided to split my bag to FOMO into LRC at ~$2.30. Things looked good for a while, but now, oh no. I'm not *hugely* concerned though. I achieved all my short term financial goals this last year and now I have a much lesser emotional investment as I settle into the long term. CRO and LRC both have a lot of promise for the future, plus I still hold a ton of ERG that could do something.
Not only NANO. One of the most shilled coins here not long ago not only fell out of top 200, but top 300 too. ERG took a huge nose dive after it's ATH and I was one of the poor souls that was dumb enough to buy at ATH but smart enough to pull out and reinvest elsewhere.
Haven't fawned over Ergo in here for a while, but check this out: https://explorer.ergoplatform.com/en/transactions/76f37d5a65e33eb1a815093dbf5e3663153cfe3d4e8b5a01f1c1d79b9208bf1f That's a single airdrop transaction to ~3,000 recipients for a fee of 0.003 ERG (approximately $0.013).
I have the same filling for ERG now. Shilled big in the summer 2021, has great white paper, team.. But is stuck in price and only falling for months now. Not all great projects give you great return. I will keep ERG for support to the team tho. Who would know meme and gaming coins will give you such great returns if you were early.
Thoughts on ERG? I know it used to be loved on here but I haven't been hearing much about it recently. I'm down >50% from initial investment and debating whether to a) persevere and DCA to average down, b) just hold but not buy more, or c) sell at a loss and put more into other projects.
Ergo. There is no single crypto that can do everything. Ergo is the PoW solution for the Cardano ecosystem. They've got their ErgoDex already up and running and are building the same Dex to work side by side on Cardano. One of the best stable coin solutions with the AgeUSD protocol. Comparatively efficient mining. Some of the best and fairest tokenomics of any crypto. Really solid team with experience. The only downside is marketing and mindshare. You need users, developers and money to compete in this space. You can have the greatest fundamentals in the world but if you can't capture people's attention, you're not going to get users and without users you can't afford developers and without developers you can't make progress to compete. I believe Ergo is the single most slept on crypto. It has so much potential and already so much to offer the community, I only hope other people get a chance to see it. For disclosure: ERG is 20% of my portfolio but that will rise as I'm investing 50% of my weekly DCA into ERG.
Certainly. It won’t just be ERG, but I’m sure a good chunk will. There’s varying levels of miners out there. Those who are just into profits change coins regularly depending on which is better at the time. Some mine to participate in a project or as a hobby, etc. If Ergo’s price returns to the 15$ range it’ll be as profitable as ETH and is more likely to take more miners Considering ETH can’t seem to get this merge to work, we have time lol.
Here are some stats from the past 24 hours of r/CryptoCurrency for you: The **Coin of the day** is: BTC with **1539** mentions, **4543** total upvotes and **14** awards. Runners-up: |Coin|Mentions|Upvotes|Awards| |:-|-:|-:|-:| |ETH|747|3283|23| |LRC|297|1085|3| |ADA|248|1025|3| |MATIC|219|594|3| |CRO|178|802|4| **Trending today**: [Vechain (VET)](https://fomographs.com/coin-details.html?coin=vechain) **Flavour of the week**: [Chainlink (LINK)](https://fomographs.com/coin-details.html?coin=chainlink) The coin that **climbed** more positions since yesterday is: Ergo (ERG) with **83** mentions. The coin that **lost** more positions since yesterday is: Bitcoin cash (BCH) with **6** mentions. **Source**: [fomographs.com](https://fomographs.com)
Here's my master plan: Put 10 ERG in an envelope and address it to *The Biggest Venture Capital Store, Wall Street, New York.* Then, when they've got the coins, they'll have an incentive to send it to the moon right? Plan is foolproof.
There is a current vote to extend the emission schedule by redirecting some of the block reward (12 ERG) into a reissuing contract that will extend emissions out to 38 years by reissuing 3 ERG per block beyond the original schedule.
I mined some ERGO for a while for fun (not a miner but came across the project and used my idle graphics card for fun). I haven't sold, and probably won't because my ERG yoroi wallet takes 15min to open. The only way I see ERGO being useful is as a currency pair on a cardano DEX (either sundae swap or ergodex). This hasn't happened yet. Moreover, Ergo could replace XMR as a privacy coin but there isn't any real place to buy/sell ERG easily.
Fun fact: AnetaBTC(wrapped btc on erg n cardano) airdropped their $NETA token to 1,000 wallets (early community supporters) in 1 transaction for 1 FREAKIN $ERG Link: https://twitter.com/anetabtc/status/1480264404633636864?s=21
My worst investment so far is ERG, bought a little bit at 4€ and til 15€, so atm I'm down about 60%. But it is fine, it is my only red investment so far and it's money i can afford to loose. So I'll just hold and see where the journey takes me. Probably gonna buy more to lower the average
This subreddit only feels confident in shilling coins that have already made incredible gains. A lot more people were comfortable shilling ERG when it was at $15+ than now when it’s at $4. Similarly I’ve seen a lot more mention of ONE ever since it surpassed $0.25, but very little mention when it was under $0.1. We’re all masters of hindsight.
Yep I’m also in the process of cutting down my portfolio and reallocating the funds to my best projects atm. Luckily ERG was the only particularly bad decision I made early on, but I’ve just got too many projects at the moment so I’ve set price targets and I’m selling when I hit them.
I don't short. I sold 50%ETH, BTC and 40% in ROSE. Kept my ADA because it was to low anyway to sell. Kept ERG couse I was in red at that point and its getting worse. And saved more fiat I usually would for this year. Thats it.
LUNA, ALGO, ATOM, CRO, KDA, LTO, FLUX, & CKB. I was down 70% on ERG. Traded it out for ATOM, and now I’m down 33%. If I break even on ATOM, I’m probably going to trade back in for ERG. I have a price target for CRO. I might trade that out for SCRT down the line. I also want to stack up on LUNA.
Ergo's future looks pretty bright imo. The proper marketing has just started, it was non-existent besides the ADA hype before. They're very transparent with the ongoing process. There are weekly AMAs and dev updates. Regular blog entries. Hackathons for devs and future projects (registration for the next one just started btw). They started building educational products for the average person to understand all that technical stuff about Ergo and blockchains in general. So much building going on. Building actual lasting value and products. The only thing they're missing is that massive giant marketing treasury chest which many projects out there have because Ergo decided to go for a fair launch without pre-mining, VCs and insiders. And that is a positive thing. [The Ergo foundation only got 4.43% of all total ERG, the rest is up to the public.](https://lh4.googleusercontent.com/WD0VaTu3CgW0kuJdJE6BWqR3RtPPOkxAWLlLZWG6jEgeLlOHq9NwLeHuoKeufJJSTTceg8iasKpxpgLm9pltgLOUa8vgQlNaMtxNIJYemsusdtBaq2qK4t9K5B4oszMv0uNAT0np) Many only view Ergo as an oracle because it was hyped as such for Cardano, but oracle pools are only a small part of the Ergo ecosystem. Ergo is a complete layer 1 blockchain built from scratch with many applications to be built on top. [https://twitter.com/DanielTetsuyama/status/1475982130106990592:](https://twitter.com/DanielTetsuyama/status/1475982130106990592:) >2022 ecosystem plan for #Ergo: > > 5-8 trustless bridges DEX listings CEX listings L2 solutions Dev partnerships Commercial partnerships High profile education partnerships Commercial deals Retail adoption of $ERG
ETH will be the most interesting CC this year if/when the PoS is implemented CRO CKB ONE ERG are my picks for long-term, high upside projects. As for deleting, the only one in my portfolio I will seriously consider removing is LRC. I fully admit I bought based on hype and did not do enough research. Only a small bag but yea. Lesson learned: if I'm hearing 1000s of people shill a coin every single day, I've probably already missed the boat.
Why do you assume I’m comfortable with it? My biggest investments in crypto are in ETH, ADA and ERG, all of them being among the chains with highest decentralization. I’m just the antithesis of a maximalist, and I try to see benefits and flaws in all of the different projects. And if you’d be honest, you know that you can’t compare Solana with VISA. Even if the chain itself is centralized, you still can do Defi on it which you can’t do with your Visa card. ;)
Everything you said about ergo was incorrect, I corrected you. Maybe there are people who sold their ERG because they share your incorrect beliefs about ergo, I can't help that. Your FUD didn't work, now give up. Literally all your comments have been downvoted, take the hint
Literally the first thing you did was blindly throw an insult into the abyss. Then you made strawman arguments that had nothing whatsoever to do with my explanation for why ERG's price dropped. The irony of accusing me of following reddit, immediately preceeded by your deference to the credibility you believe to obtain from your reddit upvotes suggests that you aren't a developer or well practiced at following logic. You aren't making money, and you aren't winning arguments, so I don't know what you imagine you're doing.
Never, and I would never. Also, I know it’s not the main point of the thread, but I admit I do kind of have a problem with ERG being lumped in with ALGO and LRC. I haven’t seen ERG shilled too much here, and definitely nothing close to what those two coins have been. When I have seen it, it’s always been under the context that this is a long-term hold, so don’t expect quick gains. Of course, that’s the exact opposite of what people here want, but you can’t complain if you didn’t heed the warning on top of not DYOR.