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Is anyone else starting to become a bit excited?

q85dw7osi4lebg

As per title, have we reached the bottom ?

Don't think we'll see the likes of $3200 ever again.

$5150 at time of posting.

Back in the mainstream media once more.

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rapul

Eh its over 8 dollars now?!

Lex Luthor

makeorbrake wrote: »

Its never wrong to take profits off the table.

Agree but it’s always good to keep some in case you were wrong

Of course that amount of profit is not to be sniffed at but at the current trend Link is moving upwards

I think we could see $8 by Friday

makeorbrake

cherrytaz wrote: »

I sold my stack at $7.30, after buying in at $.20. First time I've cashed out any cryptos. Feels good to have some real FIAT for it. It may of course keep rising but I'm happy with my return

Its never wrong to take profits off the table.

Smurphy2223

Attachment not found.

cnocbui

maninasia wrote: »

Today a small investment, tomorrow the world.

You learned how to buy and transfer crypto, that's a win in itself.

Ha, ha - I think you'll find that Grumpy lost his/her/it's virginity some years ago.

maninasia

Grumpypants wrote: »

Finally got there. Big effort for small investment.

Today a small investment, tomorrow the world.

You learned how to buy and transfer crypto, that's a win in itself.

maninasia

cherrytaz wrote: »

I sold my stack at $7.30, after buying in at $.20. First time I've cashed out any cryptos. Feels good to have some real FIAT for it. It may of course keep rising but I'm happy with my return

Nice you have to be happy with that.
I've never sold into Fiat and there are many times I would have been better off I had.

cherrytaz

cherrytaz wrote: »

When to press the sell button on LINK! Crazy jumps now...

I sold my stack at $7.30, after buying in at $.20. First time I've cashed out any cryptos. Feels good to have some real FIAT for it. It may of course keep rising but I'm happy with my return

Stormington

Not one particular reason as there are a few.

One clue is that Tim Draper seems to have bags so he'll help pump the price to unload on people.

Well, Draper can't stop the Vix. That Vix pump should push that timeframe past the next few weeks. The latest covid news will cause most assets to drop in price for a bit before pushing on again.

makeorbrake

Stormington wrote: »

XTZ to 10.00 usd within next 3 weeks

Any particular reason as to why?

cnocbui

Truckermal wrote: »

Sold all my link and put profits into ERD...

I think you were just scared of the ladyboys.

Truckermal

Sold all my link and put profits into ERD...

Stormington

XTZ to 10.00 usd within next 3 weeks

Lex Luthor

cherrytaz wrote: »

When to press the sell button on LINK! Crazy jumps now...

there'll be little retracements on the way but I wouldnt like to be catching a falling knife on it as it seems to have good momentum and I wouldnt be trying to fight the trend

mdmix

SkySter wrote: »

To answer your question with a question, what is the pair you are looking to trade?

BTC/UBT, did a google search and hotbit seems has it and seems fine, I'm just a naturally skeptical person

SkySter

mdmix wrote: »

is hotbit an ok exchange?

To answer your question with a question, what is the pair you are looking to trade?

mdmix

is hotbit an ok exchange?

KilOit

Sold some LINK, don't have much, bought it as a joke coin from 4chan memes so didn't see it doing all that well. Still don't think much of it, a lot of the coins are held by devs

cherrytaz

When to press the sell button on LINK! Crazy jumps now...

makeorbrake

Truckermal wrote: »

If Link breaks 20 euro I'll divorce the wife and head for Bangkok to be raped by ladyboys......:pac::pac:

John McAfee might squirm out from under his obligations but boardsies will hold you to that promise.

el diablo

$8 LINK and now into the top ten. Stone the flamin' crows eh.

ADA on a good run too.

jimmii

Wasn't much resistance at $7 wow :eek:

Truckermal

jimmii wrote: »

In danger of cracking $7 soon! Tasty little spin this one.

If Link breaks 20 euro I'll divorce the wife and head for Bangkok to be raped by ladyboys......:pac::pac:

jimmii

Truckermal wrote: »

Link after breaking €6.00.....:cool:

In danger of cracking $7 soon! Tasty little spin this one.

Lex Luthor

DOGE has been holding support at 39/40 sats for a few days and if you look back at previous DOGE pumps, they can be a lot bigger than this

Even with the tiktok hype, it could have more to go

The r/r is too much to pass up on

LINK is ripping up again, if you sell your LINK you should be mad

In the last few weeks I have traded in my LTC & NEO for LINK

Took out a BTC/CHR trade today @ 377sats, looking to grab another 8% avg out of it. Closed out a portion @ 399 and hoping for 420 to close out the rest

Truckermal

Link after breaking €6.00.....:cool:

Somecrimesitry

makeorbrake wrote: »

For sure, there's a whole lot of value locked up in a few other coins that have not done anything. How long is it going to take for this to come to a head once and for all?

I guess I was pondering why the need as if smart contracts was what was sought after, then why not go native with Cardano, Tezos, Eth, etc. I suppose if you already happen to be in BTC already and then want that additional functionality...
Or is it that some will prefer to stay in BTC as a store of value whilst accessing the extended features that ADA will have to offer?

I more or less agree. Every project needs to find it's unique angle or else do much better to challenge the current leader in whatever category that's being targeted. It's a small point but being a one trick pony (maybe 2 through layer 2 solutions...we'll have to see) is seen as being an advantage. Much less complexity in the code - so less to go wrong. On the cost of the network, I think there's space for one PoW network albeit that for the most part, it's a buyer of last resort of energy (and that usually means renewable energy also...albeit no matter if it's otherwise going to waste anyway).
DeFi I've been watching with interest but staying on the sidelines - as it's the opposite...i.e. in move fast and break things mode. No doubt it will settle at some point (whether that also means that it stays within the Ethereum domain, we'll have to see).

Listened to Hoskinson being interviewed recently and he said that the claim that Eth has the momentum and network effect is not relevant given the early stages we're at. With soundings this week that Ethereum 2.0 is being delayed further, he and Cardano may have a chance to close that gap. Interesting times ahead (as always).

I think many of us expected a crypto extinction event to have occurred by now. According to CMC there are 5709 crypto's which is completely unsustainable. There simply isn't a need for this many networks or platforms that are a copy of a copy. If many of these coins were starting out today they would just be new tokens on a PoS multi-asset ledger rather than needing their own blockchain. If Dogecoin was been created in 2021 it would probably just be a newly minted token running on Cardano.

One aspect to this that people might not be aware of is that the Daedalus wallet is a full node wallet and is designed to be multi-asset. So the plan is for ADA, BTC, LTC, etc holders to have their ADA, BTC, LTC, etc all within Daedalus. As it's a full node wallet it directly hooks into all of Cardano's core features and services. Daedalus will gradually evolve into a Dapp store with a DEX, DeFi, Cardano stablecoin, etc. The idea is that crypto users of any flavour will have all their crypto in Daedalus to easily and securely access all of the Cardano features at the click of a button. In that scenario what crypto you own or what chain it's on begins to melt away into the background and all that matters is what do you want to do with it. Lots of work ahead to implement this but I would assume this is also part of the reason for the LTC linkup. If Cardano can have an LTC wallet in Daedalus with access to all of the features of Cardano then it can offer the same service for BTC or any other crypto.

I own a nice lump of ETH so I'm not some Cardano fanboy cheering on delays or problems for ETH. I want every valid project to succeed, a stronger healthier decentralised market is good for all projects. Who knows what ETH miners will do, we could end up with ETH 2.0, ETH PoW and ETC. If that community splits in two again after a bunch of delays then it might be in trouble. DeFi has been a major driver for ETH but the financial services world likes stability within it's domain. If ETH goes to war with itself then Cardano might be the DeFi safe haven people turn to next year. Cardano still has a lot to prove though, they need to successfully complete the current roadmap by the end of the year and then it needs more time under battlefield conditions. Lets see if Cardano can handle DeFi without been hacked day one before we start patting Charles on the back:)

makeorbrake

Somecrimesitry wrote: »

As you say LTC is pretty much useless, people should own BTC not LTC but it still has almost a $3b market cap.

For sure, there's a whole lot of value locked up in a few other coins that have not done anything. How long is it going to take for this to come to a head once and for all?

Somecrimesitry wrote: »

The current best model for older chains to use smart contracts / DeFi on ETH is very expensive, what Cardano does differently is that it lets assets like wrapped LTC behave like ADA on chain. So LTC users wanting to use smart contracts or DeFi don't need to own any ADA to do so, they would use wrapped LTC and pay any fees in wrapped LTC. This makes Cardano's method much cheaper for LTC users as they don't need to pay transaction fees in ADA or ETH.

I guess I was pondering why the need as if smart contracts was what was sought after, then why not go native with Cardano, Tezos, Eth, etc. I suppose if you already happen to be in BTC already and then want that additional functionality...
Or is it that some will prefer to stay in BTC as a store of value whilst accessing the extended features that ADA will have to offer?

Somecrimesitry wrote: »

BTC is probably the only crypto today that can get away with been an expensive, environmentally damaging one trick pony, everyone else has to science the **** out of it to have any hope of long term usage.

I more or less agree. Every project needs to find it's unique angle or else do much better to challenge the current leader in whatever category that's being targeted. It's a small point but being a one trick pony (maybe 2 through layer 2 solutions...we'll have to see) is seen as being an advantage. Much less complexity in the code - so less to go wrong. On the cost of the network, I think there's space for one PoW network albeit that for the most part, it's a buyer of last resort of energy (and that usually means renewable energy also...albeit no matter if it's otherwise going to waste anyway).
DeFi I've been watching with interest but staying on the sidelines - as it's the opposite...i.e. in move fast and break things mode. No doubt it will settle at some point (whether that also means that it stays within the Ethereum domain, we'll have to see).

Listened to Hoskinson being interviewed recently and he said that the claim that Eth has the momentum and network effect is not relevant given the early stages we're at. With soundings this week that Ethereum 2.0 is being delayed further, he and Cardano may have a chance to close that gap. Interesting times ahead (as always).

Somecrimesitry

makeorbrake wrote: »

This is interesting - although I'm struggling to get my head round it properly. If the gen 1 PoW coins generally have a store of value/means of exchange use case, why the need to send them to the cardano network and 'wrap' them?

I know this is being done in the ETH-centric DeFi space. However, all I see it doing is bringing liquidity to DeFi. What other purpose does it serve? How would it differ in the case of Cardano?

I'm a firm believer that there will be category leaders who will survive once this whole wave of innovation finally settles. But with that, is it not a case of choosing the blockchain/token for the specific purpose one has in mind?
So I guess I'm saying if you want smart contracting ability, then isn't it a case of not going near Bitcoin and weighing up Cardano against Ethereum and other smart contract ready projects?

Lets take the example that Hoskinson gave - the potential for a link-up with Litecoin. I can see what that would do for Cardano. I don't see what it does for Litecoin. Might such a move not be more symptomatic of the fact that Litecoin has no real world use case (or has failed to capture one)?? If so, why even bother with Litecoin to begin with - and just use Cardano natively?

I guess what I struggle with - with this stuff - is working this out to real world examples that can be demonstrated to add tangible value.

Out of all the PoW crypto's LTC would be the most likely community that would agree to try this out. Your probably not going to get the BTC community interested until you've proven this works in advance. Once it's proven to work with LTC it pretty much works for BTC too, as LTC is just a version of the same code. The real target for this work is getting BTC onboard with LTC just been the first test case.

As you say LTC is pretty much useless, people should own BTC not LTC but it still has almost a $3b market cap. For Cardano it's basically a BTC test ground to play around and get this functioning. Cardano is a multi-asset ledger so the more types of assets tested the better. For LTC it gives their community easy cheap access to features or services that will probably never be available natively on LTC like smart contracts, DeFi, dapps, oracles, voting, etc. Granted many of these are still to be enabled for Cardano itself but by the end of the year the current roadmap should be fully completed. The current best model for older chains to use smart contracts / DeFi on ETH is very expensive, what Cardano does differently is that it lets assets like wrapped LTC behave like ADA on chain. So LTC users wanting to use smart contracts or DeFi don't need to own any ADA to do so, they would use wrapped LTC and pay any fees in wrapped LTC. This makes Cardano's method much cheaper for LTC users as they don't need to pay transaction fees in ADA or ETH.

More interoperability between chains that add features or services is probably the only way forward for some of them to survive. Look at the sheer amount of features or services Cardano has to try to implement just to have any market interest. BTC is probably the only crypto today that can get away with been an expensive, environmentally damaging one trick pony, everyone else has to science the **** out of it to have any hope of long term usage.

Truckermal

In Doge again but be careful!