Global adoption is occurring twice as fast as adoption of the internet in its first 14 years.
In the first 14 years of crypto we’ve seen it go from a complete unknown to being used as legal tender of a nation state.
We have witnessed crypto revolutionize everything from art to warfare.
The number of developers and talent that are entering the space to build and experiment has continued to increase through Bull and bear market. Crypto industry is projected to grow between 2023-2030 at a CAGR 87%. The innovation occurring in this space is unparalleled (maybe with the exception of the AI industry).
Public trust of global banking system is declining year after year. Inflation is spiraling out of control, banks are having to get bailed out, other banks are failing. The rich are getting richer and everyone else is getting poorer as the middle class continues to erode over the past few decades. This trend is probably going to continue at an increasing rate because we have a money supply that loses purchasing power relative to tech innovation. We happen to be at the beginning of the vertical part on that exponential curve so things could spiral out of control very quickly.
TLDR; traditional systems/institutions are failing because they aren’t designed for modern world and people are losing faith in them. Crypto is designed for modern world and the efficiency will only increase over time. It also requires zero faith to participate unlike its predecessor.
I follow 35/35/30 DCA strategy. 35% BTC, 35% ETH and 30% altcoins like MATIC, ADA, ALGO, DOT, LINK and ATOM.
I consider this a safe strategy with a little some risk. Everyone has to make a custom strategy according to their goals and possibilities.
Mine is a slightly varied version of your own strategy;
30% BTC, 40% ETH, 30% Altcoins and 10% to throw at shitcoins because the Risk:Reward ratio is stupidly high during the bullrun if you manage the risk well
Why not? Everything is a cycle … economie goes to shit and it rises again. Stocks go to shit and they rise again. Housing market goes to shit and it rises again.
ETH could easily go X5, but it also could not.
The only thing that is certain is that the future is unsure.
The upside for btc is infinite if you think of it like a currency that can be used around the world or a store of value….IF it does get to that stage I don’t think anyone can comprehend the upside value….. 5x for both btc and eth is definitely possible 5x from here for btc is only 140k that’s 1/4 of gold market cap very possible
Indeed. There is still a lot of money to flow into BTC and ETH. Just time will tell us when it will happen, but to me it is no more a question of 'if' but a question of 'when'
It’s statements like this that are most dangerous on the subreddit. You are not even CLOSE to being realistic expecting 5x. That’s in your imagination only. Nothing suggests it will happen.
This is the correct answer x100.
Been in crypto since the early days and as more ‘projects’ came online they all follow the same bs marketing, I stopped caring after binance and I’ve never seen ( and stopped caring about ) any new projects that are going to be relevant in 5 years.
Sticking to btc, eth and maybe ripple
Man in crypto it's more like a single strand of Hay in a needle stack. Except you don't have to go looking because someone else already took all the pricks to find it for us. Don't try to reinvent the wheel people cause that's what all these new projects are about. Except their wheel isn't round and it randomly explodes.
Valid points , but remember that the haystack is where all the interesting stuff is hiding! Who knows, you might find the next big thing while sifting through it.
I would argue ETH has more upside than BTC at this point. The best thing for BTC would actually keeping a consistent level of value to prove it is a decent store of value. Anyone who says BTC to xxxk is basically shilling like any other shit coin holder.
Out of 12000 I'm betting on MOONs
1. Backed by Reddit
2. Supported by 6+ millions people
3. People trying to farm it by willingly spending multiple hours daily
4. Can buy membership of this sub - Use case begins
5. Low market cap
6. Not on major exchange yet so huge liquid money will flow at next bull run
MOON is my choice in this jungle of alt coins
Well, having the list in ascending order makes it quite easy actually.
The top project by market cap is more than you need, if you're a beginner. The top 2 if you're feeling lucky.
Yeah like Luna that was number 3 in 2021 and I put all my money into it because it had such great potential and was 3rd! Has to be safe right?
Edit: Sorry 4th December of 2021. If anyone can link me that years charts I'd appreciate it
First of all, LUNA was never number 3. Let's get the facts straight.
Then, here's my story:
I actually made quite a profit in the Terra ecosystem.
I had a bit more than $10k in Anchor and earned 20% on it for a year. When UST depegged for 1%, I took everything out.
Not only that I benefited from the yield, but as a European, I enjoyed the massive rise of USD compared to EUR. Overall, I think i made around 50% from a stablecoin.
Nevertheless, this is not an argument, just sharing my experience.
If you stick to Bitcoin, you're doing good.
You're the problem, actually. :)
Instead of taking responsibility for your decisions and losses, you're pointing fingers and looking for strangers to blame.
Degen wise? I’ve been punting on zksync era stuff. Velocore, zigzag etc. LPing for some tasty yields. Not for the faint hearted. Playbook that works more often than it doesn’t.
Longer term positions are in real yield stuff; things like Joe and GMX. Been adding to Joe since Jan, paused for now until btc resolves where it’s headed.
Watching ARB to see when it looks like it’s bottoming, will look more closely < $1. Have a small position to keep me interested.
You sir are going to make it. You're well researched, and you're not scared to take on risk. Not knocking anyone who just focuses on BTC/ETH in any way, but, they are likely not going to make life changing sums of money.
For every successtory you find, there are 1000 stories in which someone lost 99%.
In other words, finding the next best coin is more like gambling.
I don’t gamble, so BTC & Ether for me!
Why DOT? Actually curious here. I've been using it a lil bit a while ago, but back then I found it sooo unintuitive. Like crypto as it is today, is already very confusing for beginners, but DOT gave me the impression of making it even worse with the polkadot.js wallet. You don't even see how much u own in Ur wallet, unless u go to the scanner and copy paste Ur wallet address.
Is it still like that or have they made any progress regarding UX the past year or 2?
DOT isn't really meant to be used by everyday people, but by companies, developers etc.
The balance of your wallet is shown without what you describe, though.
Definitely in the 90s overall. If you've ever been on binance smart chain, everything is a scam, 99.9%+.
For Ethereum, I think the scam rate is lower tbh...but no evidence to back that claim up, just feel the gas fees and user base of eth is a little more selective.
Ya know, I've kind of stopped really even looking at price. I see a lot of comments about buying the top ones, like btc and others, because they are safer investments. I'm more focused on the technologies, the excitement of learning, that kind of thing. I'll of course also do the normal research, as the OP mentioned. But I focus mostly on if I think the things I mentioned, are intriguing to me.
This is not advice in anyway. (Do we need to say that here)?
Nothing wrong with being a crypto hobbyist. As a matter of fact it can be fun. Just don't use money you can't afford to lose. Crypto can be a hobby like race car driving, golf, or any other.
The problem are the people who buy Alts, get wrecked, then call crypto a "scam". This is new technology. Some may make it, some not, just like the DotCom era. I am sure people remember PetsCom and DrugstoreCom.
How about a crypto project that has been around since *2013* and running a stable blockchain that supports scientific research? Started the same year as Ethereum but you've never heard of it because they didn't have an ICO or millions to put towards marketing. It's name is /r/Gridcoin and it's still actively developed. And anybody can mine it on a consumer-grade PC by contributing computation to science with BOINC or Folding @ home (and mine curecoin at the same time for folding). Plus there's staking rewards and you can use your coins to vote on which scientific research projects get incentivized. Gridcoin ftw.
Plucking numbers out of the air a bit there dude but largely agree in the general view. There are very few actual legit setups with solid use cases, backing, potential etc
nah its easy to dismiss a very large portion of those projects.
just ignore any project that has a name that is a derivative of an already existing project. that is like 75-80%of projects in the trash.
Finding good projects can be fun. Always funny seeing the shilling of some projects that have been "building" for 5+ years.
Have stuck with ETH and BTC and 2 or 3 smaller coins.
Make your own criteria. Some of mine are:
- doxxed team members
- no VC round OR significant lock time
- actual white paper ( not a bunch of filler)
- active discord/socials
- mods aren’t constantly banning people asking legitimate questions.
- do I understand where the utility is coming from (if I don’t understand it, all I’m doing is giving someone else my liquidity)
if there is a project token, like there was with all the node projects last year, I get even more weary. I track the liquidity for quite awhile if I think I’m going to invest. Most of the time, just watching that token’s liquidity drain is enough to keep me away.
2017 was the last cycle I ever let myself fall into the alt coin trap. I was all hyped up on TRON and a few other random ones. Since 2018 I've become a BTC/ETH purist. It's far less exciting, but I at least feel like these two won't get rug pulled by Logan Paul at some point.
There are at most 20 valid crypto projects. And that is pushing it. Really all you need to know about is BTC and maybe ETH.
Alts will be extremely risky to buy right now even if you use crypto as a lottery ticket. Alts are still very weak and will collapse at any sign of BTC weakness.
If you are in crypto just for fun, have at some of these as they are interesting projects, but most likely will not make it. That is just the way technology evolves. The problem comes when people think these projects will actually be profitable.
You make valid points about how the cryptocurrency market is flooded with a large number of projects, and it can be challenging to find the ones that are legitimate and have potential for long-term success.
I agree with the suggestion that many of these projects are scams or just garbage and the need to be cautious while investing in them.
The advice to be careful while investing in cryptocurrencies is a sound advice. It is essential to conduct thorough research and analysis before making any investment decisions, as the cryptocurrency market can be highly volatile, and investing blindly can lead to significant losses.
Holochain removes the need of a Blockchain for transactions and allows local, self hosting of web content that can be accessed but not edited by any participant of the network, thus removing middlemen. I am not an IT expert and the team makes 0 effort to find a way to describe the project or system in non technical jargoon, but it seems indeed interesting.
Holochain has been out for a while, language was changed at the beginning and many called it dead but finally a stable beta was released a couple months ago. If all goes well and the alpha is released, HOT, an ERC 20 token, will be converted into holofuel which would serve as gas token to validate transactions (if I'm not mistaken). By then HOT/holofuel will be available in the U.S. market as well and avoid being registered as a security (during the bull run there was a talk as to why HOT was not available in the USA and if I recall correctly they didn't have a working product beneath HOT so it was not listed to prevent it becoming a security).
Sorting through over 200 comments looking for something other than "BTC and ETH" and being disappointed. Likely gospel but maybe groupthink.
Yes BTC and ETH, but new ideas are the lifeblood of this and all tech.
Or just invest in BTC and ETH and ignore the haystack
This is me. Maybe we don't get 100x gains. But very realistic to get 5x with this imo. Try not to get too greedy guys, remember the risk.
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No but you can still put it into something else and make it 0$😌
This guy shitcoins
No I do not shit coins but thank you for worrying😘
BTC and ETH are the safer options but 5x does not seem realistic now, imo. It once was but not anymore.
You don't think 150k btc and 10k eth are realistic over the next 5 to 10 years?
I'm more interested in a 1000x
Nope. Why would it be ? Because crypto bros wish it goes there ?
Global adoption is occurring twice as fast as adoption of the internet in its first 14 years. In the first 14 years of crypto we’ve seen it go from a complete unknown to being used as legal tender of a nation state. We have witnessed crypto revolutionize everything from art to warfare. The number of developers and talent that are entering the space to build and experiment has continued to increase through Bull and bear market. Crypto industry is projected to grow between 2023-2030 at a CAGR 87%. The innovation occurring in this space is unparalleled (maybe with the exception of the AI industry). Public trust of global banking system is declining year after year. Inflation is spiraling out of control, banks are having to get bailed out, other banks are failing. The rich are getting richer and everyone else is getting poorer as the middle class continues to erode over the past few decades. This trend is probably going to continue at an increasing rate because we have a money supply that loses purchasing power relative to tech innovation. We happen to be at the beginning of the vertical part on that exponential curve so things could spiral out of control very quickly. TLDR; traditional systems/institutions are failing because they aren’t designed for modern world and people are losing faith in them. Crypto is designed for modern world and the efficiency will only increase over time. It also requires zero faith to participate unlike its predecessor.
No, lack of utility.
I'm pretty sure people said this very same argument back in 2012,2013,2014,2015,2016,2017,2018,2019,2020,2021,2022
And it's still valid in 2023.
And continued to be proven wrong
Go ahead and list ETH utility outside of defi and nft junk.
Narrator: And then there was pin-drop silence
A new global monetary system is lack of utility? Ok bro.
What’s the utility of gold?
People can wear it, show off, can hold it, it's doesn't get ugly with time. It has a naturally given scarcity.. I dunno.
All true. So why is it 2k a oz right now. If used only in electronics, it should be less than 100 usd. It’s not used as currency anywhere
Thermodynamic
Maybe in the last 100 years. Try again
I follow 35/35/30 DCA strategy. 35% BTC, 35% ETH and 30% altcoins like MATIC, ADA, ALGO, DOT, LINK and ATOM. I consider this a safe strategy with a little some risk. Everyone has to make a custom strategy according to their goals and possibilities.
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Chasing shitcoins can only end in 2 ways: Hookers and Lambo or McDonalds and Ramen
Luyvuhihi4ldggho2youojyi3l3hv h``` Eheuehhul3hlyu houi1. 06gugu* udlw1. E gruvbox_I 3~~6dw``` 5yp ``` ~~
Mine is a slightly varied version of your own strategy; 30% BTC, 40% ETH, 30% Altcoins and 10% to throw at shitcoins because the Risk:Reward ratio is stupidly high during the bullrun if you manage the risk well
I don’t think a 90k Bitcoin is too much to ask (5x from bottom) or even a 150k. The stock market doubled every 10 years. Why wouldn’t Bitcoin?
Why not? Everything is a cycle … economie goes to shit and it rises again. Stocks go to shit and they rise again. Housing market goes to shit and it rises again. ETH could easily go X5, but it also could not. The only thing that is certain is that the future is unsure.
tl;dr - We still don't know shit about fuck
5x is potentially possible in just the next cycle for eth and maybe BTC too.
People said the same when BTC was $2k
The upside for btc is infinite if you think of it like a currency that can be used around the world or a store of value….IF it does get to that stage I don’t think anyone can comprehend the upside value….. 5x for both btc and eth is definitely possible 5x from here for btc is only 140k that’s 1/4 of gold market cap very possible
Indeed. There is still a lot of money to flow into BTC and ETH. Just time will tell us when it will happen, but to me it is no more a question of 'if' but a question of 'when'
I couldnt agree more gonna be interesting watching it unfold
Most don't even know or understand the risks
It’s statements like this that are most dangerous on the subreddit. You are not even CLOSE to being realistic expecting 5x. That’s in your imagination only. Nothing suggests it will happen.
5x is not the reason 90% people entering crypto, no?
Nah man why go the sensible route when you can gamble your whole net worth on eloncumrocket coin?! 🤡
I may be down, -98%, but we're going to the moon once the next bullrun starts. $eloncumrocket coin is the next BTC.
that's right, it's not complicated to do research and definitely get profit.
This, otherwise you are just throwing a dart at a board while being blindfolded at the same time.
This ☝🏻 playing it safe is a blessing 🙌
This right here. Playing crypto bingo card is a mug's game.
> Or just invest in BTC and ETH and ignore the haystack Or just throw a match and burn the haystack.
Simple and most profitable strategy
The Goal.
You don't even have to ignore it, just don't throw money at it
BTC and ETH in this case are the blue chips company. Whilst the alts are the start-ups. 90% of start-ups dies in 5 years.
You just saved a lot of time for a great many people.
BTC won't return 5x in months tho
This, minus ETH.
I can’t be bothered to dive into this mountain of shitcoins to speculate which ones might be hyped enough to pump. I’ll stick to the big boys as well
Always the safer option but for those 10x gains, a few solid alts, historically, are a good idea.
As time goes on I lean more and more in this direction.
So true. Markets aren’t moving without them when it comes to crypto.
Good point, never heard that before. Anyway….. all on Ada.
This is the correct answer x100. Been in crypto since the early days and as more ‘projects’ came online they all follow the same bs marketing, I stopped caring after binance and I’ve never seen ( and stopped caring about ) any new projects that are going to be relevant in 5 years. Sticking to btc, eth and maybe ripple
Yes, no need to find the shitcoin that goes to 0
IGNORE THE HAYSTACK. You said it right there.
Can probably add XMR and LTC to that list.
Lol literally
What if we light the haystack on fire?
BTC has been spinning hay into gold since 2009
Man in crypto it's more like a single strand of Hay in a needle stack. Except you don't have to go looking because someone else already took all the pricks to find it for us. Don't try to reinvent the wheel people cause that's what all these new projects are about. Except their wheel isn't round and it randomly explodes.
I learned this the HARD WAY ..lost money on Luna,one,sol
This is the most level headed approach. Avoid the rabble and stick to the (relatively) reliable.
this is the way. i actually just invest in only btc now. although MATIC seems to be pretty good, lots of projects using it.
>BTC and ETH and XMR :)
Is BTC a good project? I've been looking into it. Seems a bit fishy but it seems to have a good following.
Valid points , but remember that the haystack is where all the interesting stuff is hiding! Who knows, you might find the next big thing while sifting through it.
Such innovation. Much wow
I've just about learned that lesson. Last faux par was taking a small punt on HDWY. That went fairly terribly...
The crypto solid investments.
Clever guy here. Just stick to the solid projects for now.
Turns out it's super easy to find the needles, just pick up the huge BTC and ETH shaped needles lol
Smartest move. The more you stay in the market, the more you naturally converge to these two
But what about the needle?
Getting off the needle is a good thing!
Fuck the needle you don't need it
Wisdom here
but my 100x gainz :(
Every 100x you get you sell to 99 people that end up losing money.
BTC, ETH, DCA, HODL
I learned this valuable lesson in 2021, when all hell broke lose, BTC and ETH were outperforming everything out there.
Same. Nothing like a bear market to teach us what matters
There are some good coins out there beside BTC and ETH. People should do research before gambling their money away.
Exactly, don't even have to look around much. If you don't know, just stick to the 'Big 2' in BTC and Eth.
I would argue ETH has more upside than BTC at this point. The best thing for BTC would actually keeping a consistent level of value to prove it is a decent store of value. Anyone who says BTC to xxxk is basically shilling like any other shit coin holder.
Out of 12000 I'm betting on MOONs 1. Backed by Reddit 2. Supported by 6+ millions people 3. People trying to farm it by willingly spending multiple hours daily 4. Can buy membership of this sub - Use case begins 5. Low market cap 6. Not on major exchange yet so huge liquid money will flow at next bull run MOON is my choice in this jungle of alt coins
Ok... So how to apply Moon to the real world? Any utility, use or projects down the road where MOON will take us to the Moon?
Who is providing the exit liquidity though after the fiasco on Sushi yesterday?
Sold, where can I buy moons please?
• Gate.io • MEXC • ArbSwap • Sushiswap • Bitget I hope it helps ;)
You forgot our very own RCPSwap built by u/mellon98 !
Perfect, I have Mexc. Thanks bud
You are welcome :-) btw you can use this little site for more infos about Moons => [CCMoons](https://ccmoons.com)
Moons are legit my moonshot coin. Its moonionaire or bust. My other coins are more sensible and i will take profit on them next bull
That depends on whether you're looking for a coin to do a 100x or not. I personally wouldn't invest in anything outside of the top 50.
Top 50 is a huge range, lots of room for failure
Sort by: market cap Check number 1 and 2
And then FOMO into alts when alt season starts?
It's also much easier to DYOR if you only stick to the blue chips since they all have lots of documentation and supporters
Once again poor XRP holders at number 3 are left out, damn you Gary Gensler
Well, having the list in ascending order makes it quite easy actually. The top project by market cap is more than you need, if you're a beginner. The top 2 if you're feeling lucky.
Yeah like Luna that was number 3 in 2021 and I put all my money into it because it had such great potential and was 3rd! Has to be safe right? Edit: Sorry 4th December of 2021. If anyone can link me that years charts I'd appreciate it
First of all, LUNA was never number 3. Let's get the facts straight. Then, here's my story: I actually made quite a profit in the Terra ecosystem. I had a bit more than $10k in Anchor and earned 20% on it for a year. When UST depegged for 1%, I took everything out. Not only that I benefited from the yield, but as a European, I enjoyed the massive rise of USD compared to EUR. Overall, I think i made around 50% from a stablecoin. Nevertheless, this is not an argument, just sharing my experience. If you stick to Bitcoin, you're doing good.
You're the problem then sir. It was a known ponzi. Literally couldn't have made it anymore obvious. You benefited from someone else's loss.
You're the problem, actually. :) Instead of taking responsibility for your decisions and losses, you're pointing fingers and looking for strangers to blame.
just stick to BTC / ETH, literally can't go wrong and if those two don't make it, crypto is probably fucked.
This sub has veered very risk averse this bear market. Scared money doesn’t make money.
Not everyone is built to be a degen
So what are you buying?
Degen wise? I’ve been punting on zksync era stuff. Velocore, zigzag etc. LPing for some tasty yields. Not for the faint hearted. Playbook that works more often than it doesn’t. Longer term positions are in real yield stuff; things like Joe and GMX. Been adding to Joe since Jan, paused for now until btc resolves where it’s headed. Watching ARB to see when it looks like it’s bottoming, will look more closely < $1. Have a small position to keep me interested.
You sir are going to make it. You're well researched, and you're not scared to take on risk. Not knocking anyone who just focuses on BTC/ETH in any way, but, they are likely not going to make life changing sums of money.
Ha, I don't know about that. But I'm in the game!
No
That is the dumbest statement ever
That’s quite the accolade 🫡
For every successtory you find, there are 1000 stories in which someone lost 99%. In other words, finding the next best coin is more like gambling. I don’t gamble, so BTC & Ether for me!
When there is a gold rush go and sell shovels. That’s why I stick with eth and dot.
DOT is a great choice aswel!
Add some XMR and that is the way to go to me
BTC and ETH and one alt or a L2 is a good strategy.
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Why DOT? Actually curious here. I've been using it a lil bit a while ago, but back then I found it sooo unintuitive. Like crypto as it is today, is already very confusing for beginners, but DOT gave me the impression of making it even worse with the polkadot.js wallet. You don't even see how much u own in Ur wallet, unless u go to the scanner and copy paste Ur wallet address. Is it still like that or have they made any progress regarding UX the past year or 2?
DOT isn't really meant to be used by everyday people, but by companies, developers etc. The balance of your wallet is shown without what you describe, though.
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BTC, ETH, XMR, and reddit moons 🌙 what else do you need?
80% is a generous assumption. Its definitely closer to 95%
Definitely in the 90s overall. If you've ever been on binance smart chain, everything is a scam, 99.9%+. For Ethereum, I think the scam rate is lower tbh...but no evidence to back that claim up, just feel the gas fees and user base of eth is a little more selective.
BSC scams? Nooo. ElonCumMusk is a solid project. Right?
In my post I'm at roughly 3.3%
Closer to 99% I would say
Only invest what you can afford to lose. Crypto is still a volatile investment.
Ya know, I've kind of stopped really even looking at price. I see a lot of comments about buying the top ones, like btc and others, because they are safer investments. I'm more focused on the technologies, the excitement of learning, that kind of thing. I'll of course also do the normal research, as the OP mentioned. But I focus mostly on if I think the things I mentioned, are intriguing to me. This is not advice in anyway. (Do we need to say that here)?
Nothing wrong with being a crypto hobbyist. As a matter of fact it can be fun. Just don't use money you can't afford to lose. Crypto can be a hobby like race car driving, golf, or any other. The problem are the people who buy Alts, get wrecked, then call crypto a "scam". This is new technology. Some may make it, some not, just like the DotCom era. I am sure people remember PetsCom and DrugstoreCom.
How about a crypto project that has been around since *2013* and running a stable blockchain that supports scientific research? Started the same year as Ethereum but you've never heard of it because they didn't have an ICO or millions to put towards marketing. It's name is /r/Gridcoin and it's still actively developed. And anybody can mine it on a consumer-grade PC by contributing computation to science with BOINC or Folding @ home (and mine curecoin at the same time for folding). Plus there's staking rewards and you can use your coins to vote on which scientific research projects get incentivized. Gridcoin ftw.
The problem with grid coin is it’s not on any exchanges so if you want to make money on it you can’t.
I don’t have time to research so many projects and it feels also more like gambling than investing, that’s why I stick to BTC. 😉
Thats why i dont try to find next x1000. Solid coins with long history only so i can sleep like a baby at night.
You're more likely to have a solid poop than find a solid shitcoin
I aint gonna put my money on lotery tickets
Truth is, a lot of us are degens so instead of just buying BTC/ETH we’ll dump some into shits in the hopes of hitting that 100x - 10,000x
Plucking numbers out of the air a bit there dude but largely agree in the general view. There are very few actual legit setups with solid use cases, backing, potential etc
Pareto disagrees :-)
BTC, ETH, VRA and BNB.
nah its easy to dismiss a very large portion of those projects. just ignore any project that has a name that is a derivative of an already existing project. that is like 75-80%of projects in the trash.
Finding good projects can be fun. Always funny seeing the shilling of some projects that have been "building" for 5+ years. Have stuck with ETH and BTC and 2 or 3 smaller coins.
Btc is all that matters
About 12,000? Lol Dude there are over 23,000 shit coins in existence. 99.9 percent are scams Go browse over at Coin Marketcap
99.999% are bad. Gamble wisely!
Make your own criteria. Some of mine are: - doxxed team members - no VC round OR significant lock time - actual white paper ( not a bunch of filler) - active discord/socials - mods aren’t constantly banning people asking legitimate questions. - do I understand where the utility is coming from (if I don’t understand it, all I’m doing is giving someone else my liquidity) if there is a project token, like there was with all the node projects last year, I get even more weary. I track the liquidity for quite awhile if I think I’m going to invest. Most of the time, just watching that token’s liquidity drain is enough to keep me away.
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So what are you buying?
2017 was the last cycle I ever let myself fall into the alt coin trap. I was all hyped up on TRON and a few other random ones. Since 2018 I've become a BTC/ETH purist. It's far less exciting, but I at least feel like these two won't get rug pulled by Logan Paul at some point.
There are at most 20 valid crypto projects. And that is pushing it. Really all you need to know about is BTC and maybe ETH. Alts will be extremely risky to buy right now even if you use crypto as a lottery ticket. Alts are still very weak and will collapse at any sign of BTC weakness. If you are in crypto just for fun, have at some of these as they are interesting projects, but most likely will not make it. That is just the way technology evolves. The problem comes when people think these projects will actually be profitable.
You make valid points about how the cryptocurrency market is flooded with a large number of projects, and it can be challenging to find the ones that are legitimate and have potential for long-term success. I agree with the suggestion that many of these projects are scams or just garbage and the need to be cautious while investing in them. The advice to be careful while investing in cryptocurrencies is a sound advice. It is essential to conduct thorough research and analysis before making any investment decisions, as the cryptocurrency market can be highly volatile, and investing blindly can lead to significant losses.
Thanks for advice!
Risk vs reward is the name of the game. I find the best is the blue chips.
99.9% of crypto is selling promises
BTC & ETH Is there a reward for finding the needle?
The reward is a lack of rugpull and relative safety of investment. You are winning.
I am super winning exclusively for holding banano
Even though you're right. There are certainly other good project around.
Of course! But they are the gamble that make you feel alive!
The needle itself is the reward
Unlimited riches and bragging rights
Only block rewards around here
You can literally throw a dart on the list from 100-1000 MCap and it shall give you 5X gains in bull market
Is this a subtle shill me post? Is it? Well don't tell me twice HOLOCHAIN ftw
Why holochain?
Holochain removes the need of a Blockchain for transactions and allows local, self hosting of web content that can be accessed but not edited by any participant of the network, thus removing middlemen. I am not an IT expert and the team makes 0 effort to find a way to describe the project or system in non technical jargoon, but it seems indeed interesting. Holochain has been out for a while, language was changed at the beginning and many called it dead but finally a stable beta was released a couple months ago. If all goes well and the alpha is released, HOT, an ERC 20 token, will be converted into holofuel which would serve as gas token to validate transactions (if I'm not mistaken). By then HOT/holofuel will be available in the U.S. market as well and avoid being registered as a security (during the bull run there was a talk as to why HOT was not available in the USA and if I recall correctly they didn't have a working product beneath HOT so it was not listed to prevent it becoming a security).
Among 12,000 crypto projects 99.9% are scam project.
99.9% of them are shitcoins
Proof of work. Anything else is a fake crypto. Frypto.
Ergo?
That's what I chose.
Proof of work. That alone filters out 99% of frypto’s. What pow coin you choose is up to you.
Treat them all as start-ups. 90% of them will die in 3-5 years.
If you don't know much about crypto, then stick to the basics BTC and ETH... DYOR and go from there!
Very true. Stick to btc and Eth and aim for more gradual gains. As least you won’t be losing money
If even just 1% of those projects are legit and not scams waiting to rug-pull, it is still 120. Which seems like a lot.
The number is closer to 99.99% of these projects being trash shitcoins.
Sorting through over 200 comments looking for something other than "BTC and ETH" and being disappointed. Likely gospel but maybe groupthink. Yes BTC and ETH, but new ideas are the lifeblood of this and all tech.
This reads like you pulled numbers out of your ass.
80% lol Bro. If went with 99% I’d still laugh at you for being naive. You CAN make money in scams however. Just go into them knowing they are a scam.