Is anyone else starting to become a bit excited?

Dante7 · 05-02-2021 03:06PM

dougal0691 wrote: »

and bitcoin has 2.1 quadrillion satoshis. bitcoin market cap is the same whether I calculate it based on satoshis or coins. yield has a supply of 37000 does that mean its easier for it to surpass bitcoin MC?

second time I've seen this argument in the same number of days and for the life of me I can't get my head around it. supply means nothing when comparing MC of different coins, it does mean something when comparing prices of coins.

Indeed. The question should be, what will the value of this space be in 5-10 years, and which products are best placed to have a large market share of that value? Crypto has a total market cap of $2 trillion today. What will that be in five years? it is very hard to look beyond $LINK when looking for the obvious product that is best placed to leverage the opportunities that crypto will provide.

deathbomber · 05-02-2021 03:22PM

Dante7 wrote: »

Indeed. The question should be, what will the value of this space be in 5-10 years, and which products are best placed to have a large market share of that value? Crypto has a total market cap of $2 trillion today. What will that be in five years? it is very hard to look beyond $LINK when looking for the obvious product that is best placed to leverage the opportunities that crypto will provide.

Wishful thinking, in regard to Link. Nothing more, be careful

deathbomber · 05-02-2021 03:29PM

BrandonBay86 wrote: »

I agree LINK will go up.

But noobs seem to forget there is 1 billion total supply.

47x more LINK than there will be Bitcoin.

Pure delusion to think it’ll ever surpass Bitcoins market cap, let alone the combined cap of the top 10 coins.

I’d hold a bag, but there’s some pipe dreamers in here.

Not as delusional as Xrp holders though, fantasy predictions there!
In short, Btc is the daddy, eth the son, Dot more than likely the grandson. Btc will then be grandfather in a decade:P

Lots of good projects you will do well from , just be realistic. Personally i think Link will crash and burn, sooner rather than later. I wish you luck and good fortune, be wise!

Dante7 · 05-02-2021 03:29PM

deathbomber wrote: »

Wishful thinking, in regard to Link. Nothing more, be careful

Can you elaborate as to why you think that it is nothing more than wishful thinking? is it because you believe that crypto will not grow, or that blockchain applications will not boom, or that smart contracts will not be a big thing, or that $LINK is not well placed to take advantage?

sparrowcar · 05-02-2021 03:39PM

deathbomber wrote: »

Not as delusional as Xrp holders though, fantasy predictions there!
In short, Btc is the daddy, eth the son, Dot more than likely the grandson. Btc will then be grandfather in a decade:P

Lots of good projects you will do well from , just be realistic. Personally i think Link will crash and burn, sooner rather than later. I wish you luck and good fortune, be wise!

What's even more delusional is writing any coin off at this stage. :rolleyes:

cnocbui · 05-02-2021 03:39PM

Dante7 wrote: »

Can you elaborate as to why you think that it is nothing more than wishful thinking? is it because you believe that crypto will not grow, or that blockchain applications will not boom, or that smart contracts will not be a big thing, or that $LINK is not well placed to take advantage?

Ripple was boosted years ago on the promise of financial institutions getting involved, and not a few people fell for it and bought coins thinking the price would rise because of this supposed commercial use and linkage, but what actually happened was they were all after the blockchain tech and just used it to roll their own and ignored ripple tokens completely:

Blockchain payments provider Ripple announced today that 10 more financial institutions would be joining their global payments network. With a range of different sizes of banks and payment service providers joining what is known to be the only proven blockchain solution for payments, this could be the start of a blockchain boom as more and more companies start to experiment with the technology.

MUFG, BBVA, SEB, Akbank, Axis Bank, YES BANK, SBI Remit, Cambridge Global Payments, Star One Credit Union and eZforex.com have turned to Ripple’s blockchain solution to help with speed, scalability and costs that usually come with older payments systems.

https://www.forbes.com/sites/madhvimavadiya/2017/04/26/blockchain-ripple/

That was in 2017.

bfa1509 · 05-02-2021 03:41PM

I am holding Link but don't really understand it a great deal. It's built on ethereum chain but allows more transactions per second compared to other coins? But with Eth2 allowing 100k tps will this not make link redundant soon enough?

Dante7 · 05-02-2021 03:56PM

cnocbui wrote: »

Ripple was boosted years ago on the promise of financial institutions getting involved, and not a few people fell for it and bought coins thinking the price would rise because of this supposed commercial use and linkage, but what actually happened was they were all after the blockchain tech and just used it to roll their own and ignored ripple tokens completely:

https://www.forbes.com/sites/madhvimavadiya/2017/04/26/blockchain-ripple/

That was in 2017.

That's an explanation as to why $XRP failed. There are also other reasons, (the main one being that it ended up being a glorified ponzi scheme). To make the equivalent argument against $LINK would be that institutions are just using $LINK for their smart contract tech, which they will then go on to use themselves for their products, and that is a perfectly reasonable point. But if that is the only argument against it, we need to look at how likely is that to happen? Does $LINK have enough of a head start so that it will be the de facto choice for smart contracts due to its already established presence and integrations? I believe that it does. The Financial Services industry and Insurance companies that will use smart contracts are notoriously conservative when it comes to implementing novel tech. It will be far easier for them to just integrate $LINK than to establish their own bespoke systems.

BrandonBay86 · 05-02-2021 04:01PM

dougal0691 wrote: »

and bitcoin has 2.1 quadrillion satoshis. bitcoin market cap is the same whether I calculate it based on satoshis or coins. yield has a supply of 37000 does that mean its easier for it to surpass bitcoin MC?

second time I've seen this argument in the same number of days and for the life of me I can't get my head around it. supply means nothing when comparing MC of different coins, it does mean something when comparing prices of coins.

What’s the divisability of LINK, isn’t there 3 more zeros than Bitcoin?

BrandonBay86 · 05-02-2021 04:02PM

Dante7 wrote: »

That's an explanation as to why $XRP failed. There are also other reasons, (the main one being that it ended up being a glorified ponzi scheme). To make the equivalent argument against $LINK would be that institutions are just using $LINK for their smart contract tech, which they will then go on to use themselves for their products, and that is a perfectly reasonable point. But if that is the only argument against it, we need to look at how likely is that to happen? Does $LINK have enough of a head start so that it will be the de facto choice for smart contracts due to its already established presence and integrations? I believe that it does. The Financial Services industry and Insurance companies that will use smart contracts are notoriously conservative when it comes to implementing novel tech. It will be far easier for them to just integrate $LINK than to establish their own bespoke systems.

Link stinks of XRP alright.

Dohnjoe · 05-02-2021 04:11PM

Rob2D wrote: »

And that's a bad thing???

I honestly don't think the next crash will be as bad. Have you seen the news past couple days?

https://www.bloomberg.com/news/articles/2021-02-03/bitcoin-proselytizer-saylor-says-over-1-000-firms-join-webinar

The big hitters are starting to invest and you can be sure they intend that money to stay. It would be very tough to pull a rug that big anyway.

The whole market can fall 40% in a day. A Binance or Coinbase hack, Tether timebomb, a big double-spend, regulation, bad external news, anything. Also prices aren't really linked to anything tangible.

On top of that we are well into a bull, and when I start reading the above comments from people, that's when I know I have to start thinking about the drop.

Do I think it will drop significantly in the near future? I don't know, but I do know that it could. The potential is always there.

Dante7 · 05-02-2021 04:23PM

BrandonBay86 wrote: »

Link stinks of XRP alright.

Ok. It is quite clear that there is no point in trying to have a reasoned discussion with you about this if that is all you have to offer.

BrandonBay86 · 05-02-2021 04:31PM

Dante7 wrote: »

Ok. It is quite clear that there is no point in trying to have a reasoned discussion with you about this if that is all you have to offer.

I own link, I’m saying the idea of link single handedly being worth more than the other top 10 cryptos by value & mkt cap is madness.

125 wallets own 81% of the entire supply, and 25% is owned by the founders.

The perpetual positive partnerships are identical to that of XRP, hence why it stinks like it. It’s not that difficult to grasp.

Dohnjoe · 05-02-2021 05:00PM

A lot more alts moving now, not all Defi either. The top alts are still moving cautiously, but lower down stuff is starting to move faster

I still think the market is too smart to fall for another overall alt run but we'll see. Also Eth is still outperforming most which means people are less likely to take the risk.

Thargor · 05-02-2021 05:06PM

Someone has a target of $2k for ETH and its going there. Whether to sell or not when it gets there is the question.

Dohnjoe · 05-02-2021 05:10PM

Thargor wrote: »

Someone has a target of $2k for ETH and its going there. Whether to sell or not when it gets there is the question.

I have one sell set at $1900 to $1950

KilOit · 05-02-2021 05:16PM

Even garbage coins are pumping. Here comes the dumb money again after the media report it again.
I'd recommend for people not try get friends and family in it at points like this, if the market falls suddenly they'll blame you. Let them find out themselves

Dohnjoe · 05-02-2021 05:17PM

Unreal when you think about it, Eth was touching 90 euros in March this year, now it's almost 1.5k each. Not that I think it's worth a fraction of that, or any of this is, but can't argue with real money gains.

Dohnjoe · 05-02-2021 05:20PM

KilOit wrote: »

Even garbage coins are pumping. Here comes the dumb money again after the media report it again.
I'd recommend for people not try get friends and family in it at points like this, if the market falls suddenly they'll blame you. Let them find out themselves

Spot on advice. Personally I wouldn't recommend anyone get into the market at this stage unless it's 50 quid or something on some moonshot, and certainly not to let friends/family members fall for the FOMO.

Dohnjoe · 05-02-2021 05:21PM

I barely noticed, we just passed 1 trillion euro market cap. Christ.

Whelo79 · 05-02-2021 05:30PM

Thargor wrote: »

Someone has a target of $2k for ETH and its going there. Whether to sell or not when it gets there is the question.

The way things are, if you need the money, or have a significant amount (€1m+) that means cashing in will truly change your life, sell.

Otherwise I would hold, we may well see dips and big swings both ways, but this is never returning back to sub $1000, and if it does it will always bounce back again and go even higher.

Whelo79 · 05-02-2021 05:31PM

Dohnjoe wrote: »

I barely noticed, we just passed 1 trillion euro market cap. Christ.

We passed it weeks ago and bounced below and above it for the last few weeks.

Thargor · 05-02-2021 05:32PM

Whelo79 wrote: »

The way things are, if you need the money, or have a significant amount (€1m+) that means cashing in will truly change your life, sell.

Otherwise I would hold, we may well see dips and big swings both ways, but this is never returning back to sub $1000, and if it does it will always bounce back again and go even higher.

Ill be buying if it ever goes sub-1k again.

You would have to wonder who is pumping this much cash in at these prices when it spent so long in the doldrums though.

Dohnjoe · 05-02-2021 05:37PM

Whelo79 wrote: »

We passed it weeks ago and bounced below and above it for the last few weeks.

You're right, for some reason I thought that was the USD cap, crazy stuff

BrandonBay86 · 05-02-2021 05:44PM

4 rejections this week at $38,400.

$45,000 target for me short term.

BorneTobyWilde · 05-02-2021 06:09PM

Crypto is funny. All it takes is someone well known to say '' it's great'' and market reacts.

dougal0691 · 05-02-2021 07:19PM

BrandonBay86 wrote: »

What’s the divisability of LINK, isn’t there 3 more zeros than Bitcoin?

link is more divisible than bitcoin, and....?

supply and divisibility have no bearing on market cap. yearn finance has a supply of 37000, that doesn't effect its market cap, doesn't mean it has a better chance than link of surpassing bitcoins market cap.

BrandonBay86 · 05-02-2021 07:25PM

dougal0691 wrote: »

link is more divisible than bitcoin, and....?

supply and divisibility have no bearing on market cap. yearn finance has a supply of 37000, that doesn't effect its market cap, doesn't mean it has a better chance than link of surpassing bitcoins market cap.

You are consciously ignoring the fact that I am responding to the poster who said it will collectively overtake the top 10.

dougal0691 · 05-02-2021 08:17PM

BrandonBay86 wrote: »

You are consciously ignoring the fact that I am responding to the poster who said it will collectively overtake the top 10.

of course I am. no matter how outlandish the posters claim was, the suggestion that total supply has a bearing on market cap is wrong.

LawBoy2018 · 05-02-2021 08:19PM

BrandonBay86 wrote: »

I own link, I’m saying the idea of link single handedly being worth more than the other top 10 cryptos by value & mkt cap is madness.

125 wallets own 81% of the entire supply, and 25% is owned by the founders.

The perpetual positive partnerships are identical to that of XRP, hence why it stinks like it. It’s not that difficult to grasp.

Is that true? Shocking if so. My friend has 40K worth of Link.

Is anyone else starting to become a bit excited?

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