Crypto itself right now consists of 99% made up solutions for problems that don't even exist and are utterly complicated. How are you gonna mass-adopt crypto if there's some btec-genius claiming his system for an algorithmich stablecoin is great (and it crashes) ? Even if it didn't go where it went - ask your friends and family who are not in crypto - who needed that anyway? Do you hear of anyone saying "ah yes, we should have algorithmic stablecoins for x or y problem to be gone!". And that goes for almost every token that claims to do something great. LINA (yes, LINA, not LUNA) allows you to trade "Liquids".. what? What does that solve for me as someone who hasn't go anything to do with the Crypto space (heck, I don't even know what it solves for me as someone being in the Crypto space). What did LUNA solve for Crypto people, good interest rates? Heck, if you want great interest rates, why don't you learn investing in stocks instead (remarkably, LUNA was something that reeled in many people because of the unreasonably high interest.. you see what it does now, tidal wave. Being the one that reeled in the most, it seems like currently one of the most repulsive factors for outsiders.) "Celer Network is a Layer-2... that enables fast and secure off chain transactions of not only payment transactions but also smart contracts"- I'm sorry what? Why? Me naive dumb non crypto guy is just asking himself what the fuck a Layer-2 boogaloo is and how the existing networks are not fast enough. I thought Ethereum was great, why do we need another? Huh?? Look at NMR. How does the average dumbdumb find an use with that? Even I don't exactly get what it wants to achieve. Reduce overfitting in trading algorithms I assume. What for? The everyday dumbdumb doesn't even code?! It's probably totally off from what the coin really does, anyway. But there lies the problem, as mentioned. It's a circus of people coming up with ideas so abstract they might come into use in like 200 years. No one needs that shit. The people don't even understand Bitcoin yet. Stop the NFT and Altcoin bullsh*t, would be my stance if I was supposed to give one.
I don't have any money invested in UST or LUNA. I realized a long time ago that my $2.4K USD investment in to the shitcoin known as Linear Finance (LINA) was a terrible mistake. At least that took over a year for its value to drop by over 90% from the $0.16 I bought it for but to see today's bloodbath happen with UST & LUNA is something else.
What an excellent write-up. A dip is intended to be used as a buying opportunity. Examine the market and select tokens with high FA and TA. I would advise anyone to opt for inexpensive caps with solid use cases; for example, I purchased UnidoEP, LINA, and Cartesi and applied DCA to my bags. They serve real-world uses, such as UnidoEP, an enterprise DeFi that enables institutional investors to smoothly access the crypto economy. After bagging, wait for the bull, to get your own lambo.
The kinds of coin I like varies. Like this week I was looking for coins that stood the test of time. Since KNC and ZRX survived the last bear market I bought them during the previous dip. My thinking was in case it really is bear market again it will survive. But I'll more likely sell them soon. Lol. I can never hodl the coins I don't fully believe in. A week ago, I was looking for low market caps that has potential to grow and found Lina and FIS. I swing traded the two and they gave me okay profit last week. But now they are red but I don't worry too much. I'm thinking of actually hodling LINA at least until December. Do you hodl your low cap coins??
OM, POP, LINA OM is got top-notch defi protocols, low cap, solid team POPTOWN has enjoyed a good run in the previous bill market, validates crypto partnership simply by establishing a mutual liquidity pool. This builds trust and commitment between partners
There's no middle man in here... and you'll definitely be interested in it once you knew how the platform works. Basically, it's a Defi aggregator in which you can stake other DeFi products on the platform like LINA REEF RAMP LINK and LIT. Indeed, that part we must take into considerations
This will integrate with the Polkadot chain soon, right? If yes, I may possibly add it to my LINA, KSM, and PINK bags that I already have. Dot Finance also has a very doxxed dev will DAO contributing background, fundamentals at its finest.
I missed buying DOT for $5 almost 7 months ago I don't remember, I am just planning to buy some of the Polkadot projects like LINA, KSM, and PINK because I know the Polkadot chain is coming anytime soon. Do you think am I on the right track still?
So with derivatives banned in the UK (at least by Binance) what derivative projects do you like? I like all the synth projects (SNX, LINA, MIR) but the only options one I had invested in (FNX) got hacked. Any recs before the market catches up as people will always want to short, use leverage etc. even if they cant do it via an exchange?
ALGO is the one I'm least excited about - if you have smart contracts for a year and not even a DEX gets built then there's something off, also the tokenomics favour them way too much. SNX, LINA, MIR and synthetic asset projects (especially those that already allow betting on e.g. stocks) are what I'm excited for long-term but they are currently taking a beating.
LINA (linear.finance) it's like Synthetix but on BSC and a couple other chains. Very promising. Exchange is already functioning. 0.exchange (ZERO) has potential also. Super good deals on Binance Smart Chain tokens right now. Oh, AUTO also. Was up to like $13k at one point, is now selling for $1300.
I was actually going to invest in PERP rather than LINA from the beginning. Unfortunately their services are not available in my country so i went with LINA instead. I am probably going to invest in PERP anyway considering how amazingly well it’s been holding up through all of this... new ATH yesterday.
I didnt put much into LINA. Honestly, I made a list of coins I thought looked good. Couldn't decide which one to invest a little bit into and had my kid pick. Hopefully she will be my good luck charm 🤣 If not, it wasn't loads of money. The shit coins broke me so I'm starting over on better coins.
For sure, what u/kurtstoys said: don't feel bad. We are all just trying to make a better life for ourselves. We all invested in something that flopped. Maybe not all of us, but a bunch. And that's because this is still just beginning. Many projects will fail, but some will definitely succeed. I think ADA and ONE are definitely good options. Don't know of LINA, but will also not sh!t on it -- because after all, I don't know it. :-) As for finding a good one... research. You just gotta keep researching, and have a realistic expectation that it won't happen overnight. And finally: just don't invest more than you're comfortable with losing. This way, it won't keep you up at night. Seriously.
I know, (and am invested I) 2 of these projects and they are SOLID, good investments. Well done! I might have waited a bit to buy Cardano (it has been pumping), but that won't matter in a year. I'm not overly familiar with LINA, but looking at the chart, it was a good buying opportunity.
I'm kind of embarrassed to say which coins I bought because I don't know if they're any good. I'm afraid y'all will tell me I've made a grave mistake, which I did do yesterday with one coin. I bought Harmony One, LINA, and Cardano. LINA popped up immediately. Cardano and Harmony One will not show.
i used uniswap once to buy some LINA, paid 25% of what was supposed to be the principle in gas fees, and I haven’t used Ethereum Network since when i transfer between networks, i always use either LTC or EOS; cheap or free decentralized value transfer
PancakeSwap is an obvious one. LINA (started on ETH but moved to BSC for the time being) - a working synths project is one I like. There's in general a fair amount that are on BSC *and* somewhere else or who will move elsewhere occasionally. For a small-cap new one [WPNT](https://wpnt.org/) is a cross-chain bridge project currently on BSC and Polygon with more to come. There's also some like beefy, bunny etc. which people seem to like though I haven't touched personally. Most are early-stage (since BSC is fairly early-stage) of course, so there aren't any long-standing ones to point to yet.
True, I've gotten better at reading white papers and spot these "nothing but air" coins. But when the technical language comes in I'm lost. I spent some time looking at LINA and LIGHT and I am so lost. They could be straight up bullshitting and I wouldn't know because I don't understand the tech side.