The Bitcoin/Crypto Thread
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@lufins-dad said in The Bitcoin/Crypto Thread:
@mark said in The Bitcoin/Crypto Thread:
@lufins-dad said in The Bitcoin/Crypto Thread:
Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…
What made you select Solana?
It’s probably Ethereum’s biggest competitor and can handle more transactions than Ethereum. It’s been listed in many of the top 10 lists and has shown pretty consistent growth. This is going to be a trial run for me, so I wanted a currency that would have a little bit of volatility but should at least maintain a pretty safe return. I actually got it somewhat on the cheap today, but it’s still dropped since then, lol. Ethereum is having a good day!
Just bought a little Solana. I am limiting my purchases by not linking any payment methods that permit large transactions. We will see where these little gambles go for a while.
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@doctor-phibes said in The Bitcoin/Crypto Thread:
@george-k said in The Bitcoin/Crypto Thread:
@doctor-phibes said in The Bitcoin/Crypto Thread:
Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.
Exactly.
What the actual hell are you guys talking about?
I’m not totally convinced they know, either
My theory is that "bitcoin" and "cryptocurrency" is, at the end of the day, just Chinese MMO gold farming.
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@mark I have mine set that I have to authorize every transaction. This feels like the Wild West or the very first days of the Dow Jones…
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Bitcoin hit an all-time high of $68,530.34 early Tuesday, according to CoinMarketCap.
More: https://www.cnn.com/2021/11/08/business/bitcoin-ethereum-price-new-record/index.html
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@lufins-dad said in The Bitcoin/Crypto Thread:
@mark I have mine set that I have to authorize every transaction. This feels like the Wild West or the very first days of the Dow Jones…
I do a lot of things based on gut.
My gut says crypto is absolutely here to stay, in one form or another. BTC and ETH are "too big to fail" (kinda) and will be here indefinitely. I think NFTs have a massive future, too. At least conceptually, the first way to really provide "unique ownership of a digital asset"... I think will grow in importance considering we'll forever be in a digital world going forward.
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My impression is that Blockchain technology will really take off when "security tokens" become a thing on a large scale, that is, if things like stock, bonds and Fiat currencies can also be treated just like ETH or BTC and integrated into smart contracts and dApps. That works to some degree with US dollar already, and from what I understand, a full-scale integration of securities is in the making.
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Yeah, but at some point you do need to see some regulatory policies come into play. You can’t have Shiba Inu types of stunts occurring all of the time.
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@klaus said in The Bitcoin/Crypto Thread:
Now that I've learned more about the whole thing and have programmed a few smart contracts myself, I've also bought some Ethereum. This whole distributed finance thing looks really cool, I must say. Time to buy some non-fungible tokens!
Is there a particular website or tool you use to write these “smart contracts”?
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@axtremus said in The Bitcoin/Crypto Thread:
@klaus said in The Bitcoin/Crypto Thread:
Now that I've learned more about the whole thing and have programmed a few smart contracts myself, I've also bought some Ethereum. This whole distributed finance thing looks really cool, I must say. Time to buy some non-fungible tokens!
Is there a particular website or tool you use to write these “smart contracts”?
The simplest way to get started is Remix. When it gets more serious, there's a big set of (mostly) Python-based tools and libraries such as Brownie as well as Blockchain simulators such as Ganache.
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@lufins-dad said in The Bitcoin/Crypto Thread:
You can’t have Shiba Inu types of stunts occurring all of the time.
Woah woah woah.... let it get to the moon (or at least $1) before you kill that coin. That's my ticket to early retirement. I have 4 million coins! Yes, I like saying that.
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@89th said in The Bitcoin/Crypto Thread:
@lufins-dad said in The Bitcoin/Crypto Thread:
You can’t have Shiba Inu types of stunts occurring all of the time.
Woah woah woah.... let it get to the moon (or at least $1) before you kill that coin. That's my ticket to early retirement. I have 4 million coins! Yes, I like saying that.
When did you buy?
Me/rry/Christmas
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@lufins-dad Oh like back in May after the first spike. I think I bought $200 worth and now have $300 worth. It's stupid, but figured it would be fun to get lucky with a viral meme coin.
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I was planning on adding some of my weekly spending cash every week, just trying to figure out whether I want to keep putting it into SOL or diversify…
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@89th said in The Bitcoin/Crypto Thread:
@lufins-dad said in The Bitcoin/Crypto Thread:
You can’t have Shiba Inu types of stunts occurring all of the time.
Woah woah woah.... let it get to the moon (or at least $1) before you kill that coin. That's my ticket to early retirement. I have 4 million coins! Yes, I like saying that.
I plan on buying some Shiba Inu next week when my limit is reset. lol
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@lufins-dad said in The Bitcoin/Crypto Thread:
I was planning on adding some of my weekly spending cash every week, just trying to figure out whether I want to keep putting it into SOL or diversify…
I would suggest throwing cash on the brand new coins and trying to catch one that does a massive spike. Otherwise SOL and ETH and most of the top-10 coins will give you modest % gains. But if you're looking for the rare 100x or even 10,000x return...
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@klaus said in The Bitcoin/Crypto Thread:
@89th Why should the small values do well in the long term? I can see that possibility when they are technologically superior to ETH etc., but if it's just yet another coin, then the bigger ones will prevail.
Oh just from a pure meme spike perspective. Folks want to replicate the DOGE scenario, so the question is which is the next smaller coin to launch into space?
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There's far too much FUD about the HODL. You need to consider your SATS, Pump and Dump the WHALE, and generally Moon your Bagholders until they can't take any more.
Clear?
Proud supporter of Plan 2525. Everything you think, do and say will be in the pill you took today.
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@doctor-phibes said in The Bitcoin/Crypto Thread:
There's far too much FUD about the HODL. You need to consider your SATS, Pump and Dump the WHALE, and generally Moon your Bagholders until they can't take any more.
Clear?
You are a clear case of FOMA.
