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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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maninasia

Bob24 wrote: »

It depends on the scenario.

But I don’t think the most likely scenario is one whereby it is like flicking a switch: one second everyone fully trusts and accepts USDT, and the next second all market participants are adamant they don’t want it no matter what (even at a discount).

IMO the most likely scenario is a slightly more gradual one whereby trust starts to erode due to negative information, but is not completely wiped out (either because there still is some hope Tether will be OK, because some people are not aware yet, or because some gateways from USDT to USD are still functioning ... all of which give arbitrage opportunities). I am not saying it would take months to play out (maybe hours, days, or weeks depending on how the situation evolves), but IMO it is likely not to happen instantly. And during the transition there would be price adjustments based on the chances for the situation to recover or to dump discounted USDTs to another party.

Start switching into Dai when you see the bad news really dribble out. Dai will increase in value as so many flood into it.

maninasia

BrandonBay86 wrote: »

Any time I say not your keys not your coins with relation to defi nobody wants to hear about it. It literally goes against what Bitcoin & other cryptos stand for.

With decentralised platform such as AAVE you don't hand over your keys.

stockshares

maninasia wrote: »

With decentralised platform such as AAVE you don't hand over your keys.

Yes not all lenders are centralised but depending on what your holding it might not matter as the value could plummet and your collateral could get taken.

grindle

deathbomber wrote: »

My prediction may be a bit early but it will achieve it unless there is a calamitous f up

I have a lot of DOT myself so don't think I'm just being a total ETH-hound here, but every calamitous f up that made people question Ethereum was due to Gavin Wood (Polkadot creator), from The DAO to two separate Parity hacks later on.

BTC maxis already view Ethereum's development as too fast but it was Gavin Wood's greater inclination to "move fast and break things", ignoring a bug presuming it wouldn't be found which cemented the risk onto the main chain. Which makes me wonder when it'll happen with Polkadot.
Three calamitous f ups in less than five years makes me presume it will happen, but I bought DOT as a hedge that he may have learned from his lessons. Maybe I haven't learned from mine.

tech

Whats alot of DOT?

grindle wrote: »

I have a lot of DOT myself so don't think I'm just being a total ETH-hound here, but every calamitous f up that made people question Ethereum was due to Gavin Wood (Polkadot creator), from The DAO to two separate Parity hacks later on.

BTC maxis already view Ethereum's development as too fast but it was Gavin Wood's greater inclination to "move fast and break things", ignoring a bug presuming it wouldn't be found which cemented the risk onto the main chain. Which makes me wonder when it'll happen with Polkadot.
Three calamitous f ups in less than five years makes me presume it will happen, but I bought DOT as a hedge that he may have learned from his lessons. Maybe I haven't learned from mine.

maninasia

stockshares wrote: »

Yes not all lenders are centralised but depending on what your holding it might not matter as the value could plummet and your collateral could get taken.

Well yeah that is the whole idea of collateral isn't it. Don't get greedy and loan yourself fifty per cent or less and you'll probably be fine.

grindle

tech wrote: »

Whats alot of DOT?

Alot of dots

A lot of DOT

maninasia

grindle wrote: »

I have a lot of DOT myself so don't think I'm just being a total ETH-hound here, but every calamitous f up that made people question Ethereum was due to Gavin Wood (Polkadot creator), from The DAO to two separate Parity hacks later on.

BTC maxis already view Ethereum's development as too fast but it was Gavin Wood's greater inclination to "move fast and break things", ignoring a bug presuming it wouldn't be found which cemented the risk onto the main chain. Which makes me wonder when it'll happen with Polkadot.
Three calamitous f ups in less than five years makes me presume it will happen, but I bought DOT as a hedge that he may have learned from his lessons. Maybe I haven't learned from mine.

It's good to diversify a bit. I many get some when it drops back a bit. I also have cardano but they always move so slowly...The opposite problem.

I saw that polkadot is claiming to do all kinds of things porting ethereum vm into it, croaschain blah blah, it's own stablecoin, I doubt they will be able to do all this quickly without a hitch.

deathbomber

grindle wrote: »

I have a lot of DOT myself so don't think I'm just being a total ETH-hound here, but every calamitous f up that made people question Ethereum was due to Gavin Wood (Polkadot creator), from The DAO to two separate Parity hacks later on.

BTC maxis already view Ethereum's development as too fast but it was Gavin Wood's greater inclination to "move fast and break things", ignoring a bug presuming it wouldn't be found which cemented the risk onto the main chain. Which makes me wonder when it'll happen with Polkadot.
Three calamitous f ups in less than five years makes me presume it will happen, but I bought DOT as a hedge that he may have learned from his lessons. Maybe I haven't learned from mine.

Fair point but everything is pointing towards a mature head and team(s), other than eth and btc, this is as about a sure thing as you can get in crypto. Number 3 for me in the space. Just my opinion though of coure.. Good luck to all
Funny, looking at the price now, thinking should i wait for the dip, i remember the same feeling looking at btc at circa $80, trembling in my young body purchasing 3k worth whilst playing paddy power poker ��

I should state my portfolio has always been 70% btc but it's time to diversify and seek value. I am in a fortunate position, however btc doesn't offer new investors value, it could go to a million but probably not, so risk vs value must be weighted going forward more than ever etc

deathbomber

stockshares wrote: »

Yes not all lenders are centralised but depending on what your holding it might not matter as the value could plummet and your collateral could get taken.

I had circa 200k lend back in the day, decided to offload all other than 10k into substratum (at a loss), worst decision, not because i sold but i listened to some moron on youtube, think datadash or boxing- always do your own research, shillrrs will kill you

stockshares

deathbomber wrote: »

I had circa 200k lend back in the day, decided to offload all other than 10k into substratum (at a loss), worst decision, not because i sold but i listened to some moron on youtube, think datadash or boxing- always do your own research, shillrrs will kill you

When I started he was prominent on YouTube and I remember him shilling Substratum.

Around the same time he gave a Talk in Limerick as part of a tour he was doing. I think he got sponsored by Substratum at one stage .

Anyway he bull****ted his way though the talk. He said little of any consequence in over an hour of talking.

I think theres a video of it on Boards or if not there it's on his website .

deathbomber

stockshares wrote: »

When I started he was prominent on YouTube and I remember him shilling Substratum.

Around the same time he gave a Talk in Limerick as part of a tour he was doing. I think he got sponsored by Substratum at one stage .

Anyway he bull****ted his way though the talk. He said little of any consequence in over an hour of talking.

I think theres a video of it on Boards or if not there it's on his website .

Who datadash or boxing? Never knew they gave talks, nothing more than professional shillers lining their pockets

stockshares

deathbomber wrote: »

Who datadash or boxing? Never knew they gave talks, nothing more than professional shillers lining their pockets

Datadash. Search for him and Limerick.

Bruno Mannheim

Str8outtaWuhan wrote: »

Does Link have legs in its current run or is 18/19 where people think it will start to be cashed out? I have a monkey in it since OCT @10 quid so not worried about losing the stake but was hoping enough for a holiday in August.

if you are not worried about losing than why not keep it, I dont see any link being sold this side of $50

Link is a juggernaut waiting to drive on

Bruno Mannheim

deathbomber wrote: »

Dot??? It's well on it's way to being the next ethereum, parachain is the future:pac: momentum building. Circulating suppy is more but if eth accelerates, dot will follow. Could be a $500 mark by year end.

thats a bit high, but I certainly think its a $100 possibility

$50k could be 1mil by then

Bruno Mannheim

DOT-tastic 24hrs
uno when bruno says dot, get off the pot

banie01

That's me sold out of chainlink now and apart from a little XLM and BTC back to almost all cash positions.

The hope I have is that the cycle persists, that the drop comes and I buy back in.
Regardless, profit is profit

Whelo79

ETH is looking to be on a bit of a breakout hopefully. It's definitely well undervalued in comparison to the BTC v ETH highs of 2017.

KilOit

banie01 wrote: »

That's me sold out of chainlink now and apart from a little XLM and BTC back to almost all cash positions.

The hope I have is that the cycle persists, that the drop comes and I buy back in.
Regardless, profit is profit

Mostly out as well, was annoyed that i sold initially but on looking at the trading pair i used link/eth i sold each link for $53 dollars :cool:

el diablo

deathbomber wrote: »

I had circa 200k lend back in the day, decided to offload all other than 10k into substratum (at a loss), worst decision, not because i sold but i listened to some moron on youtube, think datadash or boxing- always do your own research, shillrrs will kill you

Datadash. Yeah, I remember when he was caught shilling Substratum without disclosing that he was sponsored. He looks like a massive nerd but he's definitely not to be trusted.

IvySlayer

Seeing green on my trustwallet makes me happy. Bought a fair few ETH when it was cheap last year.

I currently have BTC, ETH, Chainlink and Cardano. Tempted to buy Polkadot but no, no more crptyo for me

RasTa

What is DOT's product or is it all hype? Who is building on it?

Dohnjoe

IvySlayer wrote: »

Seeing green on my trustwallet makes me happy. Bought a fair few ETH when it was cheap last year.

I currently have BTC, ETH, Chainlink and Cardano. Tempted to buy Polkadot but no, no more crptyo for me

Good stack there.

seannash

RasTa wrote: »

What is DOT's product or is it all hype? Who is building on it?

Look up the coin bureau episode on it for a good deal of information in laymans terms.
In fact if you ever have this question again about any coin check if hes done a video about it.

Goes for everyone really

Bruno Mannheim

How’s that DOT trade going everyone?
Up 45% in the last 24hrs

I have to thank Lex for this one

antgal23

I'm mostly in cash bar some ETH, LTC and BCH

Sold all my minor alts - won't but in again

Would need Daily closes ABOVE 40 k a BTC and confirmation of same level as Support before buying BTC, ETH, LTC

Happy to sit on sidelines and wait even if takes a 6 months

cnocbui

I'm mostly in BTC and equities; cash doesn't do anything.

BrandonBay86

cnocbui wrote: »

I'm mostly in BTC and equities; cash doesn't do anything.

Yes it does, it depreciates on a daily basis.

BrandonBay86

antgal23 wrote: »

I'm mostly in cash bar some ETH, LTC and BCH

Sold all my minor alts - won't but in again

Would need Daily closes ABOVE 40 k a BTC and confirmation of same level as Support before buying BTC, ETH, LTC

Happy to sit on sidelines and wait even if takes a 6 months

Buy high sell higher?

Dohnjoe

cnocbui wrote: »

I'm mostly in BTC and equities; cash doesn't do anything.

At the risk of repeating this, cash isn't a speculative investment instrument like shares or BTC. It's designed to be as relatively stable as possible to act as a good medium of exchange. In the current economic climate it deliberately depreciates for a reason.

It can produce a return under certain economic circumstances (e.g. a falling ruble in Russia a couple of years back generated capital flight and national banks jacked up savings rates to 17%) - but that's not a typical economic situation.

To simplify, if saving rates on cash were higher than the rate of inflation, then the propensity to save would increase, and spending would decrease - which would cause issues within the economy. People spend less, economy starts to slide, unemployment increases, recession starts to kick in, etc.

This is why we take our medium of exchange and convert it into investment assets that do generate a return (shares, bonds, land, gold, crypto, etc)