I just have a higher tolerance to risk than most people. If I want to gamble, I'll open up PokerStars. What I'm doing here is making an educated guess as to what will benefit me most in the long term: investing as much money as I feasibly can right now, while the taking is good, even if it means eating ramen for a while, or going the conservative route. I've never been one for playing it safe. And considering my budget, if I go the safe route I'll still be poor in 10 years after I 10x my money. THIS IS NOT FINANCIAL ADVICE. DON'T FOLLOW MY EXAMPLE PEOPLE, IT'S A BAD ONE. IT WORKS FOR ME BECAUSE I'M CRAZY AND I HAVE NO EMOTIONS WHEN IT COMES TO MONEY.
Scaling only matters WHEN you have decentralization. If there's no decentralization, you have NOTHING. SQL databases have existed for a long time and are far more efficient. AWS is super efficient and scalable and frankly very safe and secure. ICP is just a completely inferior product to actual centralized solutions that have existed for decades, while having none of the benefits of decentralized public ledger technology.
They are not "taking profit". The foundation continuously sells to fund the operations and development (wages, rent, electricity etc...) And it is MINDBOGGLING that people think Vitalik himself is the one selling OR the fact that ANYONE on this planet is actually able to KNOW WHEN THE TOP IS. The whole fucking market including all of crypto went down. It's not like ONLY ETH went down BECAUSE they sold. The haters are getting dumber and dumber for sure
Yes, when you constantly make a vague prediction about an event that has a probability>0 of occurring, you will eventually get it right. "It will rain a LOT!!" Wow great prediction......WHEN will it rain and what does a LOT mean?
>Yeah, and the 2008 market crash also happened? What's your point? Even then it was only a small group that saw it happening and most ignored it or thought it won't be that bad. And the small group didn't know WHEN it was going to happen.
Ok, I’ll agree that banks are likely to exist 120 years from now in some emaciated form, useful for those who don’t want to hold their wealth or allocate to a centralised investment platform for onward loans. As for making additional transactions when on-chain transaction fees are “too high” for regular transactions, well, we can address it at that time and the easiest method is to expand bitcoin’s blocksize **WHEN THE TIME IS RIGHT AND IT IS SAFE TO DO SO**. It was NOT time to expand blocksize back in 2017, and it is NOT time to expand the blocksize now, either. Even I thought it might be soon where we should consider expanding the blocksize when Chinese miners were colluding to keep transaction fees high before the Great Unplugging, but after they dropped away so did the impetus. There will come a time where it might be useful, but cross that bridge when we come to it and not before. Larger blocks may not lead to centralization particularly as development drives down the cost of storage technology. For example, $/1MB storage has fallen from ~$5 in 1990 to $0.000016 in 2022 (https://jcmit.net/diskprice.htm), and that is in USD unadjusted for inflation!! Can you imagine how cheap a 1,000Tb storage will be in 2140? Probably cheaper than a pack of gum; may even trip over 1,000Tb SSD storage devices laying around on the street by accident. As for default settings, I’ll give it some more thought.
A lot of people compare it to other L1's and complain about its current issues. But they're blinded by their bags. All chains have issues. Everyone likes to believe their L1 is ahead of another, but at the end of the day, they are still at the starting line if they're not ready for mainstream adoption. Nobody has even finished the first lap of the race. Look how overall transactions have dropped across the board in all cryptos during this bear market. Let's have a bajillion TPS when nobody is using blockchain and wasting data. 1 BTC is 1 BTC, 1 ADA is 1 ADA, 1 ETH is 1 ETH, and 1 block is still 1 block on validators' PCs. All these hacks, downtimes, exploits, FUD mongering, maximalism, scams, rugs, insider trading, and all the recent CEL, Voyager, and 3AC debacles all just show blockchain overall hasn't matured to the point any chain really matters at all. Even Cardano. Most of the crypto community are just indie underground fans fighting over whose band will go mainstream first when nobody is even close to it. Not one. I'm super bullish on blockchain tech, but I'm hella bearish on the short-term mindset of the community. X blockchain will do X tps in X years. How is that any different from every other chain out there? MY CHAIN WILL DO X TPS in X YEARS, BUT WHEN SOMEONE SAYS SO ABOUT ANOTHER CHAIN THEY'RE LYING BECAUSE THEIR CHAIN IS A PIECE OF CRAP.
yes that's my point, if you read my comment I explicitly say >Banks are too big to fail only because govt's/some bigger authority will bail them out WHEN they fail WHEN implies that banks DO fail, hence I have noted that banks can and do fail take care to read comments fully before commenting yourself incase you make a mistake!
The big thing most people don't understand: Banks are too big to fail only because govt's/some bigger authority will bail them out WHEN they fail - by default crypto DOESN'T have this and will never have this Crypto doesn't have this (except for individual businessmen/billionaires that personally bail out exchanges cos why not) because of the whole decentralized concept behind it (as well as lack of regulations) Just because you want crypto to replace fiat doesn't mean that suddenly crypto will 1:1 replace fiat with all the safeguards around it - DYOR and realise that crypto is NOT safe because there is no regulations/centralization around it, that is the main attraction/main purpose of crypto in the first place
Tough to do in the moment I agree, but in hindsight they could have chosen to let the shit hit the fan and let the banks “fail” because it seems to me they did. (I still think some of them are failing) I agree it would have been a major shock to the system, but my suspicion is that we kicked the can down the road and it’s all repeating again with this GME fiasco. In my opinion WHEN the shit hits the fan there would have been a changing of the guard, a massive transfer of wealth. I do believe there are so called cantilionaires who are pushing policies in all the countries. The only time they want to see a market crash is when they are ready to pull the rug.
Friend, I think you might benefit from r/personalfinance. I used to think that high risk investments were my only way out too. They have a really good spreadsheet that outlines where to put every dollar on your path out of debt and into investing (not that they say crypto v. stocks, just WHEN to invest). I followed their plan for 7 years, and I went from significant credit card debt and a low 600 credit score to a great score and no consumer debt, plus a reasonable retirement account (still catching up here, though). I will tell you the same thing I told my best friend last fall when I learned he had $20k in BTC and ETH but $12k in cc debt. Sell enough crypto to cover credit card debt. Crypto could go really high or really low, but cc debt can only cost you more money. Come back and invest when you don’t have any cc debt and you can afford to take a risk.
I love that you’re trying to do some in depth TA and show off your amazing DD but ultimately it’s all about WHEN you buy and WHEN you sell. It doesn’t really matter what play you’re making but to say it’s a bad idea couldn’t be more wrong. It’s all gambling anyway and betting on the right alt coin can give you an insanely large amount of profit.
I can see it now Video with a perky person. Broad smile. 8 mile stare. HEY NFT FAM, WE ARE SO EXCITED FOR THIS SUPER AMAZING NFT ! ​ NOW I WANT YOU ALL TO STAND UP FROM YOUR DESKS, TURN ON YOUR CAMS SO WE CAN SEE YOU AND DANCE TO THIS NFT TUNE ( When your happy starts playing in background ) EVERYONE THAT FAILS TO COMPLY WILL BE ASKED TO JOIN HR NFT SENSITIVITY EDUCATION ! NOW, WHEN YOUR HAPPY AND YOU KNOW IT CLAP YOUR HANDS ...
> This means that people who have understood the reason for BTC continue to accumulate it at the expense of those who have not yet understood. This is the same behavior seen in stocks too... he doesn't support BTC but Buffet's quote "BE GREEDY WHEN THE MARKET IS FEARFUL" rings true.
All this is going way to far !!! It’s so gross in my conscience and eyes!!!!!!! WHEN THE LAW BREAKS THE LAW THERE IS NO DAMN LAW !!!!!!!!!!!! I can’t stand US ANY MORE …. AND WHEN MY COUNTRY GOES AND SHAKES ALL THE BEAUTIFUL Flourishing trees it destroys all the other countries around the globe is disgusting and I’m sorry
last year I got a cold wallet and mut some in it, but I still had most of my stuff on binance.com, it was such a good app, good interests, all that. and then one day I deposited some fiat, and suddenly my account got locked, customer support is fucking monkeys with half their brains eaten by other monkeys, I spent HOURS and HOURS trying to reach them, and when you do they just disappear for hours, AND YOU HAVE TO BE THERE WHEN THEY COME BACK because otherwise they'd just move on they said I need to provide proof of income, I was furious, I sent it, they replied "it doesn't account for all your deposits" and they removed my kyc, I had to do everything from scratch, send them more documents, rejected, try again and so on. all while having no idea if I will ever see my funds again, one customer rep having a shitty day can block your account for ever as soon as that shit was sorted out I moved everything to my wallet and I do that ever since. fuck staking rewards. I just want the shit I bought myself.
Performance Review: >An increase in ETH 2.0 staking rewards from the current 4-5% to possibly as high as 7.5-15% due to miner/validator extractable value seriously "Come move to (third world country), the rampant corruption makes state officials extremely well paid and therefore performant!" (That's called a kleptocracy iirc and might even have an unironic hint to it) >At this rate, the merge will go live later this year, likely in September sure > eth burning enjoy you spot at the sun fucker not trying to be rude but point being that they can afford it because they already are bootstrapped >layer 2 scaling A) oh look, it's again the "we are the only ones solving the trilemma" copypasta, never get's old B) need to read moar papers to judge but extremely fuzzy sentiment is good luck *click* we're gonna see so many fun hacks it's going to be unreal if you liked "our bridge got hacked because someone stole 2 out of 3 (three) keys" get ready for even more algorithms as there are a bazillion scalibility- and interop-solutions having their own eyes wide shut thing >NFTs just >institutions shut >abstracting away complexity ok now it's personal, CHARLES PLEASE VITALIK IS AGAIN SAYING THAT CARDANO IS UNUSEABLE HE JUST LAUGHS WHEN I TELL HIM TO GIT GUD >the rest blabla. Cardano wins if it turns out that thinking ahead was smart and loses if just hacking it (industry standard after all) would have been smarter And that again boils down to the impact of the incredibly cool aha-moments you have when reading the papers. Are they just Apple obsessing about the aesthetics of battery arrangements or building cars instead of better horses? Can Ethereum be easily patched with all this or is technical debt on algorithmic level going to catch up (tech debt on implementation level I'd offset with having not that much on implementation level winkyface) Extract from performance reviews insight into this article
If you want your transactions to clear faster, you have to submit them with a higher fee. Clearing transactions on the Bitcoin blockchain works like that, the higher your 'tip' the sooner you get served! It has nothing to do with the hash rate or the number of miners switching off their ASICs. There could be a 10 thousand miners or 10 miners servicing the Bitcoin network, your wait time is still based on the size of your transaction fee. Check out this website. [https://mempool.space/](https://mempool.space/) This site shows you how big the backlog is for transactions and shows the highest and lowest fees in the queue. Also shows the depth of the queue. This is all handy, as it gives you and idea of WHEN to do your Bitcoin transaction, if you don't want to pay high fees, wait until the queue is clear, or only a few blocks in the queue, then you can submit your transaction with a low fee and it will clear reasonably quickly
I recommend the following: 1) Cold wallets for PoW like BTC. 2) Hot wallets for PoS staking like Eth, ADA, ALGO on a DEDICATED DEVICE THAT YOU TURN OFF AND KEEP OFF WHEN YOU ARENT USING IT. DO NOT USE EXCHANGES!!!!!! 3) Use DeFi Exchanges. Ledger does a good job helping with this. 4) Do not hold any stables for any amount of time at all. Do not lend to shorts against your holdings. Do not keep money on exchanges. This does not apply to pure speculative degen day trading. This is for HODLers. Day trading crypto is beyond dumb imo. Borrowing to buy crypto even dumber.
Honestly, no one knows what’s gonna happen because no one can see the future… yes, this is a game of probabilities but statistically DCA is the best strategy! So I’m continuing to add to my bags ETH, DOT, CTSI, ANKR, XYO to lower my previous entry and consolidate these for the next leg up (that it will come - just a matter of WHEN not IF).
It's so funny how obsessed with staking people are - 20% APY? That's fucking peanuts in this space. Chances are when you bought a couple years ago the exchange held the underlying and sold it during the bull run a year plus ago and just planned on buying back your stack once you're near the "unlocked" period. Any program that ties up your investment is designed to help the custodian benefit off of yearly swings in crypto while you only get 20% on something that is worth 80% less after a crash. Liquidity beats all and WHEN you buy and sell makes all the difference in crypto. Any program that takes the ability to decide your exit is just taking advantage of you.
People need to read what they are signing up for. > CELSIUS IS A LENDING AND BORROWING PLATFORM. WHEN YOU TRANSFER DIGITAL ASSETS TO CELSIUS, THOSE DIGITAL ASSETS ARE A LOAN FROM YOU TO CELSIUS, IN ACCORDANCE WITH THE TERMS HEREOF. UNDER NO CIRCUMSTANCES DOES CELSIUS HOLD DIGITAL ASSETS IN CUSTODY ON YOUR BEHALF AS PART OF THE SERVICES GOVERNED BY THESE TERMS. >ALL DIGITAL ASSETS TRANSFERRED TO CELSIUS AS PART OF THE SERVICES ARE OWNED AND HELD BY CELSIUS FOR ITS OWN ACCOUNT. THE USE OF TERMS SUCH AS “ACCOUNT,” “ACCOUNT BALANCE,” “WITHDRAW” AND SIMILAR DOES NOT IMPLY OR ESTABLISH, AND SHALL NOT BE TAKEN TO SUGGEST, ANY FORM OF CUSTODY RELATIONSHIP, AND SUCH LANGUAGE IS USED HEREIN AS TERMS OF CONVENIENCE ONLY IN REFERRING TO USERS’ BORROWING OR LENDING OF DIGITAL ASSETS TO OR FROM CELSIUS AS PART OF THE SERVICES AND CELSIUS’ OBLIGATION TO TRANSFER DIGITAL ASSETS TO USERS UPON THE TERMINATION OF SUCH LOANS OR REPAYMENT OF SUCH BORROWING. > [...] > In consideration for the Rewards payable to you on your Celsius Account and the use of our Services, you grant Celsius, subject to applicable law and for the duration of the period during which the Eligible Digital Assets are loaned to us through your Celsius Account, all right and title to such Digital Assets, including ownership rights, and the right, without further notice to you, to hold such Digital Assets in Celsius’ own Virtual Wallet or elsewhere, and to pledge, re-pledge, hypothecate, rehypothecate, sell, lend, or otherwise transfer or use any amount of such Digital Assets, separately or together with other property, with all attendant rights of ownership, and for any period of time, and without retaining in Celsius’ possession and/or control a like amount of Digital Assets or any other monies or assets, and to use or invest such Digital Assets in Celsius’ full discretion. >You acknowledge that with respect to Digital Assets used by Celsius pursuant to this paragraph: >You will not be able to exercise rights of ownership; >Celsius may receive compensation in connection with lending or otherwise using Digital Assets in its business to which you have no claim or entitlement; and >In the event that Celsius becomes bankrupt, enters liquidation or is otherwise unable to repay its obligations, you may not be able to recover or regain ownership of such Digital Assets, and other than your rights as a creditor of Celsius under any applicable laws, you may not have any legal remedies or rights in connection with Celsius’ obligations to you.
How do people who don't understand difference between a protocol and some smartcontract wind up in discussions about cryptocurrencies? For fuck's sake, WHEN YOU INTERACT WITH A SMARTCONTRACT, YOU'RE SUPPOSED TO EITHER UNDERSTAND IT OR TRUST IT. When you put funds on some lending platform, _they're basically custodial_. Stored inside a smartcontract. Which is like a bank account. **NOT YOUR BANK ACCOUNT**. That bank account can be interacted with (BY ANYONE AT ANY TIME) according to specific ruies which are known by everyone. In this case, there probably is something like an admin key, which can do whatever it wants. To have capabilities to do things like what they're planning to do now. **It's not fraud**. It was literally in the (smart)_contract_. +1215 karma, gold. Shit, why are there so many clueless people investing in this tech? It's like investing in real estate without knowing what houses are. Dictatorships, for fuck's sake.....
Gotta know when to hodl ‘em KNOW WHEN TO HODL ‘EM. Know when it’s FUD Know when it’s a run You never count your ERC-20 tokens when you’re sitting on an exchange. There’ll be plenty time for counting when your SATS are $1 ❤️❤️❤️
MySpace was a website that created and survived because of its community.. you ALMOST get the point.. when the COMMUNITY migrated to Facebook myspace failed.. WHEN the BTC COMMUNITY moves to the next shiny software BTC will fail too.. you nearly made my point for me.
In case I die I am leaving behind a letter to my wife and the seed phrases to my wallets. One of the best advices I have been told is to take care of such things (a will) WHEN you are still alive. It saves a lot of trouble and hassle to your loved ones.
Most people are not short selling because no one knows WHEN will happen, and futures eat up margin. And there is also the problem of relying on exchanges not stealing and liquidating you. So no, the fact that there isn't massive shorts means NOTHING at all.
So many people claim to be HODLERS and in it for the long term but sell when number goes down. There’s nothing wrong with selling or exchanging your BTC if it fits your personal financial goals, but people are selling because their scared. THIS IS WHEN YOU EARN IT. When it gets hard, you become harder. If your thesis didn’t change, stick to your game plan.
GUYS SHUT THE FUCK UP THE WHOLE MARKET IS DOWN NOT JUST CRYPTO. GO LOOK AT STOCKS. PEOPLE JUST RUNNING OUT OF MONEY DUE TO INFILATION BEING SO FUCKING HIGH. ​ YOU GUYS ARE A BUNCH OF PUSSYS HOLD YOUR SHIT FOR 4 OR 5 YEARS WHEN MARKET RECVOERS.
Whatever happens I will still say this, "YOU CAN NEVER GO WRONG WHEN YOU JUST BUY BTC".....I'm not surprised if the masses don't get it anymore btw cos it seems like a slow way to success and Success like they say is just like being Pregnant Because No one knows how many times you got fucked but it's alright 😂😂😂😂
I remember during the 2017-2018 bullrun making the exact same mistake as this guy. I put about $2000 into Nano (then called Raiblocks) when it was about $1. I got so cocky. I didn't sell when it hit about $30 and watched it collapse to less than 50 cents over the next few years. I told myself to wait until my 2k investment becomes a million dollars. I truly thought it was going to $100. My 2k turned into almost $75000 back to $1000. I moved away from holding **WHEN I'M UP 15000%** ever since. I had no reason to believe my investment was going to a million dollars other than a feeling. Just a feeling. I didn't know anything about crypto. I didn't know anything about anything actually. This guy is literally me. He has no idea why he is holding other than a feeling that he should hold. And he is going to have to either diamond hands for another 5 years until if DOGE ever goes back up or watch it go to 0.
Define "good thing" . If you work at a job for someone else, it's never a good thing. If you are a rich guy who owns a shit load of hard assets, it's great. Hard asset prices go up and down, but never down a far as they went up. Bill Gates is buying up as much farm land as he can. You think he knows something? Warren Buffett owns Burlington Northern, who has the largest coal reserves in America. And is the largest shareholder in Oxy Pete. You think he knows something? But a house at 100k borrow 90k. House goes to 150k . Put 5x profit in your pocket. Trick is to know WHEN to buy. You work for 50k a year. Boss gives you a3% raise and tells you he is doing you a favor. Inflation at 6%. You are well and truly fucked. Is Bill Gates fucked? Is Warren Buffett fucked? Of course not. Who has the ear of the pols in Wash? Not you at 50k year. Bend over Bob , and no lube this time.
Also, considering the fluctuation in bitcoin value, it seems even crazier to arbitrarily hold WHEN people can spend THEIR money. Come back a week later when coinbase has deemed it appropriate for you to buy something with your recently purchased bc and for all you know, the market will have changed and you’ll have significantly less to spend.
Comes off as edgy and attention seeking - sort of like how you shoehorned yourself into a convo where OP was complimenting someone else. “Hey Billy, nice shoes!” You: BUT WAHT ABOUT MY SHOWS? DONT U LIKE MINE? LOOK, THEY FLASH WHEN I RUN”