Are we excited yet?

erlichbachman

RWA looking like the flavor of the month, the highest ranked coin on CoinGecko is Ondo at approx 100, so these are fairly low marketcap with a high gain potential, the air did seem to go out of them a bit after the previous pump so the sentiment can fade somewhat.

Markus Antonius

So looks like the correction of the last few days was ahead of the Fed update yesterday?

This was one of my fears with the ETF approval, that crypto prices would couple with the general stock market. The banks/investment funds will be the new whales.

erlichbachman

Its election year, the Biden admin will do whatever it takes now for assets to increase in value, keeping the older voter happy, and now writing off student debt, keeping the younger people happy.

2024 will see supercycles, 2025 will crash

erlichbachman

https://www.msn.com/en-us/money/savingandinvesting/blackrock-deepens-crypto-push-debuts-first-tokenized-fund-on-ethereum/ar-BB1kigUA?rc=1&ocid=winp1taskbar&cvid=24ba14d9aacf4126ba19973a63b61641&ei=35

Blackrock getting into alts

ZMOONY

https://www.boards.ie/discussion/comment/121922518#Comment_121922518

why crash? what will crash?

erlichbachman

https://www.boards.ie/discussion/comment/121923047#Comment_121923047

The US government will do whatever it takes this election year to patch up their finances which arent in great shape, its a temporary bandaid, prices of stocks and crypto will increase throughout this year and at some point it reach its peak, then its a question of whether the bandaid comes off slowly or ripped off - most likely ripped of and we see a crash.

From a crypto perspective we should see a good run up this year, then question is then when to exit

Dohnjoe

https://www.boards.ie/discussion/comment/121923047#Comment_121923047

No one knows or has a clue, it's just assumed because so far every 3 or 4 years since 2013 there's a mental boom, then a crash afterwards. This one is assumed to be one of the bull runs and it's then assumed there will be a crash afterwards.

Crypto can literally go up because the herd thinks it's "time" to go up.

erlichbachman

https://www.boards.ie/discussion/comment/121923228#Comment_121923228

I don’t think the price goes up because people thinks it’s time to go up, now if it’s that lad with the neurolink implant then maybe

Dohnjoe

https://www.boards.ie/discussion/comment/121923408#Comment_121923408

If a company doubles in size/revenue, then a share in that company will generally double in value. Logic.

In crypto that doesn't really exist, so it usually goes up or down for "perceived" reasons or perceived patterns, plus the herd trying to beat those perceived patterns. There was a bull in 2013, one in 2017, one in 2021 (which many of us here predicted), therefore everyone has been "expecting" a bull in 2025. Unsurprising something is forming now in order to get ahead of that.

erlichbachman

https://www.boards.ie/discussion/comment/121923499#Comment_121923499

Thats not really accurate now is it, the more developers on Cardano, Ethereum or Solana then the higher the value of the native coin, the more transactions or transaction fees then the higher the value of the coin, the more profit Binance makes then the higher the value of BNB.

Although "Perceived" reasons do exits in crypto, and every other market, they are not the sole reason of the value of a coin rising. Aside from that this is also a financial market and is impacted by financial policies, just like any other.

To say the herd decides when prices go up is just plain wrong, unless you are specifically talking about something like Solana memecoins.

Dohnjoe

https://www.boards.ie/discussion/comment/121927546#Comment_121927546

Crypto isn't really like any other market (maybe something like rare baseball cards or something)

It's essentially a casino where everyone is competing for punters money by making the coolest shiniest technological casino chips. Chips that can talk to each other, move fast, convert into other chips, have DeFi, pay interest in the form of additional chips, bells and whistles, etc, etc but ultimately aren't used for much except as chips in the casino. That's it.

Ford makes cars, it's share value is determined by a number of factors mainly linked to the performance of the company.

"Dogwifhat" crypto doesn't make anything or do anything, it's a Dog with a hat, it's value can't be determined because there's little or nothing logical to analyse, it's value is just arrived on by a herd gambling on it's value. We laugh at it, but Bitcoin also does nothing and produces nothing, it's simply an artificially scarce "thing", with it's value determined by a herd of people who, surprise, surprise, gamble on it's value for real money. It just happened to be the first. Litecoin, Bitcoin cash, Dogecoin, ultimately they are all the same thing. People point to the fact that their network is secure, but that's the whole point of them, it's supposed to be. It's the equivalent of a car company harping on that their cars have wheels.

Apart from a sort of anti-system hedge against the system (like gold), that's it.

Pick a project that apparently does something, e.g. Solana, what does it do? Mainly acts as a platform for crypto to move and make more crypto to make money. I've been researching Dapp platforms for years now, I swear there are more platforms than actual Dapps. And don't get me started on the NFT or crypto "gaming" platforms.

The business model:

1. Crypto idea
2. Replicate/develop code and whitepaper
3. Do up a very fancy website, put all your friends in suits as the "developers", make a roadmap
4. Mint a private token out of thin air
5. List the token on the secondary market for real money
6. Sell the magic token and use the cash to pay the staff to keep producing the hype and paying for partnerships to keep selling the token..
7. Die the second your blockchain "fuel" isn't worth anything to the mob
8. Repeat.

Or just copy-paste Bitcoin/Doge.

That's it. All of them part of the same casino. And I'm fine with that, but some insist on falling for the marketing spiel and crypto-bro stuff, even after years.

I'm still buying crypto, but my sole reason is to make money off other people, like everyone else in this scheme.

Anyway, back to the fun, we're only excited because money number goes up. That's all it is ;)

erlichbachman

I give up, mods if I ever try explain crypto to Dohn again then ban me.

its just never gonna sink in

Potatoeman

https://www.boards.ie/discussion/comment/121928153#Comment_121928153

Visa and PayPal are partnering with blockchains to handle international transactions, the security and low fees make it attractive to them.

There are two extremes, one is it will do nothing and the other is it will do everything. It will probably be somewhere in the middle.

Nody

https://www.boards.ie/discussion/comment/121929948#Comment_121929948

Mod:

Sadly this is not the Cuckoo's Nest where banning is made available on demand esp. as Boards stopped the "can I be banned for the duration of my final exams" policy over a decade ago as well. Nor do we ban people who has a dissenting view (yes, we've got reported posts because they disagreed with the views posted in multiple different forums). As we recommend in all forums if you find someone's views to disagreeable then use the ignore function (yes it works on us mods as well but you'll still risk infractions and bans even if you claim you ignored the mod and did not see the on thread warning etc. because of it).

Norrie Rugger Head

https://www.boards.ie/discussion/comment/121931796#Comment_121931796

I've ignored a mod, not here, because I really think that they are a knob.

Worth the risk vs having their crappy comments

erlichbachman

Sorry mod, that wasn’t actually meant to be taken literally, I do possess sufficient discipline to scroll past comments, I don’t mind Dohns or others opposing views, was just passing the time whilst awaiting the Bitcoin parabolic run.

Dohnjoe

https://www.boards.ie/discussion/comment/121930160#Comment_121930160

Sure, and companies can just replicate or make their own. Or just use centralised systems which can be just as fast and scalable. It's just nicer if crypto projects are effectively giving them a money tap for endless pilot schemes.

If you were VISA would you have any issue with these cash rich crypto companies desperate for "partnerships"? Of course not.

Have a look yourself

https://usa.visa.com/solutions/crypto.html#1

Hasn't changed much since 2017, just more "partners". Smart company.

Blockchain and DL tech has some use. Where I work, they did a large study and whitepaper on it, the whole 9 yards. But that's completely separate from this scheme of companies creating and selling "blockchain fuel" on the secondary market, to investors, which becomes their main (and often only) revenue stream

I've no real issue with that, but as long as people recognise it for what it is.

When we throw money at e.g. FET.AI, we're just throwing money at a bunch of people in an office to fiddle endlessly with the tech, create platforms for solutions to problems that don't exist, sell it to virtually no one and pay for "collaborations". All we're doing is playing the same gambling/speculation game everyone else is doing.

endainoz

https://www.boards.ie/discussion/comment/121930160#Comment_121930160

This seems to be where xrp will come in as a bridge currency for these transactions, at least that's what they seem to be aiming for with all the international partnerships they have made the last few years.

Potatoeman

https://www.boards.ie/discussion/comment/121936340#Comment_121936340

xrp has a theoretical tps of 3400, its current tps is 500-700, it’s too slow. Sol is already running at a higher tps than its max theoretical tps.

erlichbachman

Seatbelts on folks, if BTC pushes past 69500 then we could have liftoff

Dohnjoe

Apart from the general rise I see that some alts are "pumping", always a sign that people are hunting for promising alts that haven't jumped much yet.

So far, the initial jump, followed by a dip, followed by a quick retrace like this all seems similar to the previous 3 bulls. Will be curious to see if we go above the peak from the first jump (we're roughly about 7% or 8% off it now across the whole market)

Fazorb

Just topped up both Gala and Sidus bags.

endainoz

https://www.boards.ie/discussion/comment/121936737#Comment_121936737

The thing xrp has going for it though, is that it's vastly artificially undervalued and it has a lot of ground work laid already. And yes I am an xrp holder 😂

Take Your Pants Off

You topped up during their rally? Sidus up 45% today

el diablo

edit..

Take Your Pants Off

What?

Fazorb

https://www.boards.ie/discussion/comment/121938596#Comment_121938596

Made 18% on Sidus since buying along with Gala these are long term holds for me.

beeker1

Love all the back slapping , you can all cuddle each other when this jack and the beanstalk currency is nothing more than a documentary about "a fad" that just like Jack's "beans" buys fuckall in the real world ! And should "crypto" be of any significant value the regulators will horn in and gouge their % , although I'd speculate boards contributors are in the "hap penny" place ! SUCKERS !

HGVRHKYY

https://www.boards.ie/discussion/comment/121938938#Comment_121938938

Many here will be mortgage free while you're sitting there thinking "ha, glad I didn't put any money into that rubbish!". You should really find something better to do with your time than pushing your negative sentiments outwards because you're too immature to deal with them internally. Completely fair enough if you're not interested in crypto, but do you also go to forums for other topics that you're not interested in and talk similarly as this?

beeker1

No "schadenfreude " here pal ! Wish you well , when you're walking into you're local benz dealer and driving out in you're s class you can sneer at me standing waiting for a bus in the rain ! But since canyon mouth at tesla has stopped accepting bitcoin I'd sooner spend me money on a leap card !