Dohnjoe wrote: » Indeed mining works the same way. To simplify how supply affects market value, imagine if someone pressed a button and now there is double the supply of BTC available - value of BTC on the market would roughly halve. A token that produces more of itself through mining, "interest" via staking, etc is just increasing it's own supply. Personally if I see a coin with e.g. a 10 mm circulating supply, and a 10 bn max supply, that's a red flag and I would need to know how soon and at what rate that extra 990 mm of coin is entering the market. It's also important how much the developers have of the token, as we all know from Ripple. If they have a serious percentage of max supply, they can drastically impact market price if they start selling in large amounts or selling in constants (diluting)
Irish_rat wrote: » Link taking a battering today
Truckermal wrote: » Big Swipe announcement earlier, it's card is open to US customer's so up 23% allready I have been watching this closely all week!
rapul wrote: » Nice, bought a gandhi load of these a while back in high hopes!
Bob24 wrote: » Yeah we are more or less on the same page in terms of the growth potential - I see it as possibly challenging XRP (assuming XRP itself is stable vs the rest of the market) and going somewhat higher, but far from challenging ETH. But then the way I look at it is that if things go quite well the upside is a 2x to 3x increase versus the rest of the market. This would be good alright, but even if that was to be achieved the best days are behind us. And more importantly, given the parabolic move of the past few weeks there is a massive amount of speculation and FOMO built into the price. This type of situation usually won't just stabilise nicely. It tends to resolve with a blow-off top followed by an epic correction (this is where it reminds me of XRP back in the days). So my view of the situation is that while it might be possible to ride the bull run for another while, the risk of a sharp reversal is getting closer every day, with a very large downwards potential when it happens (i.e. going in today is not for the faint hearted).
Smurphy2223 wrote: » Feel like SXP can't go much lower than this, touched $3 few minutes ago during Bitcoin pump. Would be nice $$ to make in the next few days I would think buying at this price, but i'm holding this long term. Don't have a big bag though. TBH I hope this is a huge correction coming for Link because I would like to get a 1k stack before it really kicks off.
Green&Red wrote: » At what price points will you consider selling
Lex Luthor wrote: » my opinion is that we are in a bull market uptrend and these corrections along the way are healthy are par for the course I cenrtainly dont intend selling anything for at least another 9-12 months
Lex Luthor wrote: » I dont have any at the moment Anything I have I'm holing for at least 9-12 months unless something major happens, but we are in an upward macro trend right now so I'm not selling
Bob24 wrote: » You mean LINK is in a bull market versus other cryptos or crypto in general is in a bull market? (if you mean we have a crypto bull market in general, yes I tend to agree ... but that LINK is in a long term bull trend vs other crypto’s is where I have my doubts)
ZeroThreat wrote: » lol if you've experienced the 2017/2018 bubble, it's really a good idea to have an exit plan & price points at which to take profit.
Lex Luthor wrote: » I’ll worry about my exit plan when we are into Q2 next year This one is going to be quiet different from the last one imo
Grumpypants wrote: » Last time I started in crypto when a Bitcoin was worth €400 and ended with a Bitcoin worth €3000 after the collapse. That was still a great return in under a year, no matter how you look at it. If the arse falls out of it again and we are left with a €30,000 value on Bitcoin we will still be doing okay.
AmberGold wrote: » 5k to invest, have a Coinbase account. What’s your recommendation. Already put 2k into ETH a few months back that’s doing well. Term 5 to 10 years.
Stormington wrote: » Majority of that into BTC. I would also advise that you swap to Crypto.com as their offering is better - you can earn interest on your BTC for example, and they offer a debit card that allows you to gain crypto cashback when you spend money (which can be swapped for other crypto in-app). Crucially, unlike Coinbase, they allow you to buy USDT which you can move around exchanges opening you up to more places to buy, or piling it up (with interest) to buy the dip like now. There's a referral link to sign up above.
seannash wrote: » Just on the majority into bitcoin. Would they not be better to stick it into Something like an Iconomi fund. For them to double their money Bitcoin would have to make serious strides where as a few Alts might double by the time bitcoin hits 16/17k (Neo perhaps)
Stormington wrote: » True. 2.7% APR on BTC seems good. Crypto's best interest rate on a 3 month lock up is 4.5% equivalent. No need to worry about managing anything with that, and the interest is higher if 5k CRO is locked up. Iconomi looks to be a good option to diversify. An option might be to stick BTC into CRO for forget-about-it passive money and the rest into an Iconomi fund according to risk appetite (I've no idea of minimums or fees).
seannash wrote: » Whats the concensus on here, are we still in a market where if Bitcoin rises its drags alts with them or has it matured past that point.
