Crypto trading

[jaygreenb]

It's painful. I still prefer a gold backed currency.

I think the play for btc is to acquire on the dip. Hopefully you fellas acquired when aalon crashed it or better yet, bought before Corona Chan.

I own a lot of physical gold but there is real risk of bitcoin demonetizing it. The main issue with a gold backed currency is it is stored at a centralized source, usually central banks. Because this there is a lot of risk with manipulation and other issues. Humans always find a way to screw things up

 

[BackInTheGame78]

@BackInTheGame78, what are your thoughts on Dogezilla?

I don't really get too much involved with those types of projects(meme coins). Clearly some of them are very viable and can make a lot of money, I actually had some $DOGE and $SHIB for a while and made some profits off of those, but in general I tend to prefer tokens with viable use cases behind them.

I would check out $CERE...interesting project and just got listed on Kucoin yesterday. Dipping now but I like the long-term potential. Can be had for under .17 currently, I bought quite a bit on the dip to .14

For an established token that I believe is severely undervalued right now, check out $ATOM. For what it does, this is dirt cheap right now.

 

[RickTheToad]

I don't really get too much involved with those types of projects(meme coins). Clearly some of them are very viable and can make a lot of money, I actually had some $DOGE and $SHIB for a while and made some profits off of those, but in general I tend to prefer tokens with viable use cases behind them.

I would check out $CERE...interesting project and just got listed on Kucoin yesterday. Dipping now but I like the long-term potential. Can be had for under .17 currently, I bought quite a bit on the dip to .14

For an established token that I believe is severely undervalued right now, check out $ATOM. For what it does, this is dirt cheap right now.

Will check it out.

 

[BackInTheGame78]

Will check it out.

$FTG just got released today on Kucoin as well...it's a coin designed to expedite the advancement of the Fantom ecosystem which is one of the competing Blockchain technologies and is very highly regarded...

FantomGo...planning on picking up a large bag but waiting for the inevitable dip that is coming over the next few days.

 

[SargeMaximus]

Today Bitcoin is showing us why it is such a good inflation hedge

 

[RickTheToad]

$FTG just got released today on Kucoin as well...it's a coin designed to expedite the advancement of the Fantom ecosystem which is one of the competing Blockchain technologies and is very highly regarded...

FantomGo...planning on picking up a large bag but waiting for the inevitable dip that is coming over the next few days.

Just got on KuCoin. Awaiting approval. Been using Coinbase Pro, but I like the fact you can lend out crypto and earn some change on that. Very cool on KuCoin.

 

[BackInTheGame78]

Just got on KuCoin. Awaiting approval. Been using Coinbase Pro, but I like the fact you can lend out crypto and earn some change on that. Very cool on KuCoin.

Yeah Kucoin is my favorite exchange...can trade futures and use leverage as well but I don't partake in that...

Probably should have used leverage with this dip on the Evergrande FUD but oh well...

 

[jaygreenb]

Yeah Kucoin is my favorite exchange...can trade futures and use leverage as well but I don't partake in that...

Probably should have used leverage with this dip on the Evergrande FUD but oh well...

They are solid, I use them as well. Was considering picking up some KCS because how well I did on bnb

 

[BackInTheGame78]

They are solid, I use them as well. Was considering picking up some KCS because how well I did on bnb

I am in on a private sale for Steam Exchange which is going to premier in Q1 2022 and be the first fully licensed exchange in Canada and will be both a CEX and DEX...

Super excited for that because if it's native token does anything like the ones for the other exchanges...I can retire just from that alone and forget about all the other stuff I'm involved in

 

[BackInTheGame78]

They are solid, I use them as well. Was considering picking up some KCS because how well I did on bnb

KCS just hit an all time high earlier in the week

 

[Bingo-Player]

I own a lot of physical gold but there is real risk of bitcoin demonetizing it.

Nonsense gold is a tangible commodity , bitcoin is quasi asset at best

Both are touted as hedges against inflation problem is only one of them has a history to prove it

 

[BackInTheGame78]

Nonsense gold is a tangible commodity , bitcoin is quasi asset at best

Both are touted as hedges against inflation problem is only one of them has a history to prove it

History is being rewritten. Don't be on the wrong side of a paradigm shift. Betting against crypto is like betting against the internet in the early 90s when it was just getting started and we only had dialup.

Some people can't see what can be, they can only see what is. I feel really, really sorry for those people and the crushing conversations they will be having with their kids and grandkids in the next 5-10 years when they demand to know why they chose to sit around and watch it happen doing nothing instead of using it to build generational wealth during the period of the greatest transfer of wealth that humankind has ever seen.

 

[jaygreenb]

Nonsense gold is a tangible commodity , bitcoin is quasi asset at best

Both are touted as hedges against inflation problem is only one of them has a history to prove it

I don't think you full understand what I am saying. Every assets value with our current inflationary monetary system, part of the price is a monetary premium/store of value. Other assets like Real estate and stocks have this as well as people look to get out of depreciating dollars and into assets to maintain their purchasing power. You can very clearly see this the past 18 months as assets have all rapidly appreciated for the sole fact that there have been record amounts of stimulus flooded into the economy. Stock valuations are far above what would be a typical P/E ratio, part of that additional valuation is a monetary premium. This has been an accelerating trend that past few decades as interest rates have gone down.

To put it very simply, if bitcoin did not exist, do you think more money would flow to gold? It's very clear that funds that would normally be allocated to gold have gone to Bitcoin. Without Bitcoin, golds price would be much higher today, that is bitcoin demonetizing and taking golds monetary premium. I believe over time Bitcoin will take the monetary premium out of many asset classes.

 

[SargeMaximus]

History is being rewritten. Don't be on the wrong side of a paradigm shift. Betting against crypto is like betting against the internet in the early 90s when it was just getting started and we only had dialup.

Some people can't see what can be, they can only see what is. I feel really, really sorry for those people and the crushing conversations they will be having with their kids and grandkids in the next 5-10 years when they demand to know why they chose to sit around and watch it happen doing nothing instead of using it to build generational wealth during the period of the greatest transfer of wealth that humankind has ever seen.

This is laughable since when the inflation data came out bitcoin dipped pretty decently

 

[BackInTheGame78]

This is laughable since when the inflation data came out bitcoin dipped pretty decently

Had nothing to do with inflation, had to do with Evergrande news.

500,000+% over a decade doesn't lie.

 

[SargeMaximus]

Had nothing to do with inflation, had to do with Evergrande news.

500,000+% over a decade doesn't lie.

we haven’t had bad inflation over that decade

 

[DEEZEDBRAH]

I own a lot of physical gold but there is real risk of bitcoin demonetizing it. The main issue with a gold backed currency is it is stored at a centralized source, usually central banks. Because this there is a lot of risk with manipulation and other issues. Humans always find a way to screw things up

Agreed. I meant I preferred a gold backed currency vs paper fiat. I own some precious metals. It's something that I will be accumulating as well. I see the same with crypto. Unsure as to what is the best hedge with money printing. I think your own biz off the beaten path is a Excellent play particularly if digital. Real estate too but pending your location. Wouldn't buy in Australia. Not thrilled about many places including the UK or much of the western world. Bullish in crypto.

I'm grappling with the amount of surplus Micro FU fund. Rather more crypto but the government's have gone full retard the past few years. I feel bad for mom and pop shops.

 

[DEEZEDBRAH]

History is being rewritten. Don't be on the wrong side of a paradigm shift. Betting against crypto is like betting against the internet in the early 90s when it was just getting started and we only had dialup.

Some people can't see what can be, they can only see what is. I feel really, really sorry for those people and the crushing conversations they will be having with their kids and grandkids in the next 5-10 years when they demand to know why they chose to sit around and watch it happen doing nothing instead of using it to build generational wealth during the period of the greatest transfer of wealth that humankind has ever seen.

I swear, people should avoid mainstream news and research the **** out of the best things to invest in. I agree with you. Crypto is huge but I am mostly think large caps. Every other play being high risk play. Rather more btc and eth. Alternatively, I will gamble on others taking. Just need to win big on any of these and be up. I saw value in EnJ and mana before the fb meta jargon. Fb is just bleeding out. Has fallen off. No way back on past trajectory. Furthermore the bad PR is not helping.

Similarly, YouTube is full of dork married dating coaches and morons shilling their rubbish crypto. There are legit ones but few and far.

If I had any regret in crypto it was not going sll in sooner. Head about it a decade ago. I passed. I thought world governments will crush it. I am still thinking they are trying to buy far too much money is in adoption.

This is a game changer. You nailed it. Sadly I am thinking that it will be full of MySpace and AOL like cryptos. A lot will rise and many will fall.

 

[DEEZEDBRAH]

Nonsense gold is a tangible commodity , bitcoin is quasi asset at best

Both are touted as hedges against inflation problem is only one of them has a history to prove it

I don't disagree with you but which is holding strong against inflation? One isn't even keeping with inflation let alone a hedge. Wouldn't recommend sleeping on either.

 

[jaygreenb]

Agreed. I meant I preferred a gold backed currency vs paper fiat. I own some precious metals. It's something that I will be accumulating as well. I see the same with crypto. Unsure as to what is the best hedge with money printing. I think your own biz off the beaten path is a Excellent play particularly if digital. Real estate too but pending your location. Wouldn't buy in Australia. Not thrilled about many places including the UK or much of the western world. Bullish in crypto.

I'm grappling with the amount of surplus Micro FU fund. Rather more crypto but the government's have gone full retard the past few years. I feel bad for mom and pop shops.

I think it is smart to have a basket of assets that protect you as a hedge, there will most likely be different periods of time where they all perform well. If crypto goes really parabolic I will take profits into some mix of metals, RE, commodity plays. There is a farmland REIT I am looking at and some RE outside of western countries. Owning the right type of business is also good hedge, agree with that. You can always raise prices with inflation or take payment in another form of currency like crypto. Gives you options rather than taking a set wage. People who do not own assets and live check to check are going to get squeezed and the news is trying to tell the masses inflation is good now. Clown world.