I'm worth $160 now btw
I made a few bucks while I was at work. ADA has performed well.
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I'm worth $160 now btw
I made a few bucks while I was at work. ADA has performed well.
I'll worry about tax when I'm into five figures.
I don't see how ADA can be worth tens of dollars a coin if there are 45b in circulation. But I really don't understand how coins are valued, so I could be very wrong to make this assumption. For now I'm staying very much on ADA, by the time it hits $1.50+ hopefully I'll be more informed.
Just because other cryptos aren't openly being advertised as pump-and-dumps doesn't mean someone hasn't figured out maybe it's better to do it hush-hush. "Absence of evidence is not evidence of absence."
This is another problem with these types of investments. They're highly susceptible to corruption, and you have no way of knowing (unless someone is stupid enough to post on twitter about it, assuming those are honest posts and not some misdirection used by the competition to discredit DOGE) if and what that corruption is, and how it's going to affect your bottom line.
No, this isn't a skill. The skill is in identifying coins with a future and having the discipline and patience to hold. There's probably some skill in identifying when a market is weakening, too.Quote:
You're implying there's skill involved because you noticed a trend and jumped on the curve.
I've been in crypto less than a week. Crypto definitely has a future. Definitely. As for any individual coin, I have no idea. Bitcoin is here to stay, that's all I can say with any confidence. But it won't be the coin people buy cans of coke with. It'll be an investment and liquidity vehicle, like gold. Whichever coin become "common currency" will definitely be a good one to get on early. The crypto market is way too young for it to be clear which coin will be most accessible though, technology has to evolve first.Quote:
I mean it's just your weed money or w/e so not that big a deal, but the idea that you or anyone else has a good idea where this rollercoaster is going is a bit fantastic to me, sorry.
I think you're not seeing what kind of scam these tweets are. You take the "discord" link and your computer gets infected with malware. And these scammers do promote other coins too. I saw them claiming the recent bull run on BTC was a pump and dump, but it wasn't, it was Elon Musk investing in BTC.Quote:
Originally Posted by poop
The potential corruption of developers is probably the largest risk.Quote:
This is another problem with these types of investments. They're highly susceptible to corruption, and you have no way of knowing (unless someone is stupid enough to post on twitter about it, assuming those are honest posts and not some misdirection used by the competition to discredit DOGE) if and what that corruption is, and how it's going to affect your bottom line.
We were dangerously close to having a nice conversation then poop. Please note it was you who went there first.
https://www.bitdegree.org/crypto/what-is-dogecoin
Maybe you should actually do some research about stuff before offering an opinion.
Even one of the founders has sold out and left the "community" . there is no use for the coin apart from a bit of crowd funding altruistic project and an unlimited supply . theres nothing to generate value and if you think people are trying to discredit it because they are scared of competition you really should stick to keeping your savings in a bank and hope its not northern rock or bank of scotland.
As for how to value a company/stock/crypto you read as much as you can about it , add up the positives and negatives and decide if you think its a good investment for you. Over time you will get experience and start to recognise trends that are happing in a company and apply l;essons you've learned in similar situations before to make a decision.At the end of the day , you are making an informed decision and the more information you base it on the better the decision is likely to be .
If investing was easy , no-one would ever make a losing investment.
I mean, how do you even put these posts together and find a laugh from it?
I said I'm not as daft as you think I am because I carefully consider who I listen to on Twitter, even checking the performance of their previous recommendations.
My "brag" about how much I'm worth is obviously me being silly.
And I don't have to worry about tax until five figures because it's a waste of my time. I don't pay tax on four figures.
I lost a dollar while making that post.
Nice how a spammer brought back my post from the dead and got everyone talking on this.
ETH is cool. BTC has now some major players behind it. Wall Street always finds a way to make money.
nope...i've spent time researching it before investing .
You are talking about something you know nothing about .
The danger is that other people may listen to you and do similar lack of research and then blame crypto when they follow the latest hype and lose money rather than their own stupidity which is typified by your Doge comments.
I think your flattering yourself if you equate yourself to Ong , from his comments you can see he has done some reading on the subject and is willing to put his money where his mouth is.
Anyone can make snide comments from the sidelines, Ong is trying to make something of his savings . Hope it works out for him rather than waiting to laugh at him if it blows up .
You are claiming there is something to know. I'm claiming there isn't, or at best that what is to be known is dwarfed by other factors, of which I've named two so far: variance and corruption.
I've not advised anyone to not do research and "follow the latest hype". Nice try though.
I've also put my money where my mouth is by not gambling on a high variance investment that is also highly susceptible to corrruption.
You're certainly doing your best to keep things civil though.
I do hope it works out for him, in the same way that I hope he wins the lottery or finds a suitcase full of cash someday. I just don't believe it's as much of a science as you are claiming it is, if it's a science at all and not just a pure gamble.
ADA is tanking after peaking, something like 7% swings. I've tried making money in these swings but this is really difficult to do, and stressful. That's not how I want to play crypto, that's how I go bust and crazy.
hodl
Ong ,you dont have a big enough roll to trade the swings, the gas fees will eat any profits you make and more likely to eat into capital.
if you're looking to keep adding to your roll look to buy on the dips. . ALternatively scour ebay , local newspaper ads etc and see if you can spend 2 or 3 weeks savings on a used graphics card so that you can start mining . Less than 4GB you will be limited to smaller coins , check current mining forums to see if cards can still mine before buying. This could potentially be a cheaper way for you to add to your holdings over time.
You may find a computer someone is looking to get rid of with a graphics card in it that people dont realise how much they are currently selling for on ebay. your mined coins will generally be transferred to your wallet really cheaply .
I'd need to spend some money to mine, and it would be an ongoing cost because I'd have to pay more towards electricity. It's not really an option, at least not now. I might as well just buy coin. I can add at least £20 a month to my wallet, plus any poker winnings, so I can grow my portfolio without the need to trade.
I definitely get what you're saying about gas, it's like beating the rake in poker. It is possible to make profits, because I have done so, I made 7 ADA in a DOGE pump and dump. But it's not how I intend to go forwards. However, I have a new toy to play with. If I lose a fiver dicking about, I won't lose any sleep. I won't keep wasting money like that because I don't want to leak my crypto.
I think you've got this backwards. The BUY BUY BUY!!!! was 3 days ago, today it's SELL SELL SELL!!!!
Well, where were you 3 days ago? :D
Great! How much did you win?
Peanuts. Only bought with 100€ to see if my prediction would be correct, indeed it was, now at 258€. Maybe buy with more confidence next time and fail miserably.
Overall I'm at 210% with all my cryptos. Plan is to hold them for a couple years minimum.
@Ong use www.whattomine.com and it will tell you the relative payouts from mining . instead of buying £20 a month of crypto , you'd pay the leccy bill instead and payoff the card purchase. dont rely on the etherium mining profits though as eip1559 could kill off etherium mining but you'd then swap to some of the other coins.
you'll have to adjust for the electric price in the one box . im on .19$/kwh . you may be on higher especially if its a prepayment meter
I don't pay the leccy, I just pay rent, but if I'm going to mine I'd have to tell my landlord and pay my fair share. If it's cost efficient for me to do it, I'll look into it. Thanks for the link, taking a look next.
Guess who dumped $LINK to go all in on $ADA? $LINK has gone wild today while $ADA just continues to threaten to. I think $ADA will be $1 within a day, 8% gain, but I'm missing other boats.
cocco don't be afraid to throw us a bone. I won't cry if it goes tits up.
imagines Ongs bedroom as a canabis grow room with light and heaters and a sleeping bag in the corner ......all for personal use officer ..
on a more serious note ....since its winter the heat generated mining will offset your heating costs
I think mining is something I'm going to have to research more. I might talk to my landlord about it, pool our funds to get the right equipment. He understands computers better than I do too.
I'm playing poker while in the background I have $ADA prices and graphs. When I see red bars, I run bad at the table. When I see green bars, I run good. We're still in coincidence territory here, but maybe just maybe there's something weird going on here.
Pokerstars fucked my account up and I can't log in.
I only had like $5 on there though. Funny thing is I managed to log in to see how much I had on there, and then I tried again and was denied. I have no idea why. Only thing I can think of is that I had a US VPN activated when I tried lol, PS thought my account was US.
Just catching up
I didn't mean to imply that I bought DOGE-- just that looking into the hype around the meme stonks lead to the hype around DOGE, which ultimately lead to taking a closer look at crypto in general. It was off in my periphery for years and I wish I hopped in back then-- not just for the $, but as much or more because I think the cryptoverse is fascinating. I've always loved sci-fi, and even if this all goes bust, it's fun participating in what feels like a science fiction plot.
One tough thing I've found about researching any possible investment is that even a neutral search on any coin or stock seems to turn up just a shitload of hype. I suppose it makes sense, the people that are talking most about a technology or business that has a potential large upside are going to be true believers.
With that said, and maybe I've just been taken in by the true believers, I think ETH's market cap is going to surpass BTC's in the next 5 years. BTC is just a store of value and it doesn't really have anything that makes it stand out aside from being first. ETH is a whole ecosystem. It's possible that ETH doesn't maintain its spot as the king of the hill of NFT's and DAPPS, but BTC can't(and isn't meant to) compete with it there, and ETH dwarfs any other rival altcoin that's meant to fill this role.
I don't think bitcoin has a serious rival for market dominance for a long time. I doubt BTC will be used by the masses for normal purchases, but it will be used for investment and for trading. Only when bitcoin starts to max out will other coins begin to catch up, and I think BTC has a very long way to go yet.
I don't think the future "common" currency crypto is clear yet. BTC is the gold, ETH is the silver, these are assets more than currencies used for purchases. DOGE does have potential here, but at 7c a coin already I don't think there's much scope for value. $1 is really the max I can ever see DOGE getting, and that's highly ambitious. DOGE has one thing going for it... cult status... and in the world of crypto, that might be enough for a future.
It could be ADA. They're well positioned, and I don't think the coin can really get much above $2 in the short term. That's based on the market cap of BTC (assuming ADA can get close to it in the future) and the circulation of ADA, which is a fuckton. A $2 coin is the kind of thing you might buy a can of coke with in the future.
I do think crypto is really going to take off soon though. Like, very soon. BTC is a trillion dollar coin now, a single coin is nearly the price of a kilo of gold. It's already serious stuff, but as it comes into common use it will go nuclear. I want to be on the right coins when that happens. BTC is probably the safest bet, but there will be more profitable ones if you can find them.
the huge thing about bitcoin is that the wider use it generally has around the world , the potential for alt coins explodes much more as people see and value bitcoin as an asset there wariness of cypto as a whole will reduce and then people will start to explore the potential of the altcoins. While its the dominant player at the moment , bitcoin could then be surpassed by altcoins with real world uses that could then be used to generate wealth paid in those coins. Bitcoin lacks that advantage with a fixed number of coins .
Ong, you seem fixated on the value of a single coin, but this doesn't really matter. Just move the decimal point.
Ofc it feels crazy to us that an average entry level sedan costs 3-5mm units of currency, but that's the case in Japan with the Yen trading at ~105:1 USD. The thing is, it's normal to the Japanese.
With BTC, we're dealing with the opposite-- the same car is worth somewhere around .625 BTC. But already it's common to count BTC in Satoshi's or Sats, the smallest divisible unit of BTC, which is a millionth of a BTC. There are ways to further break up sats, but for context, BTC would need to reach 1mm for a sat to reach parity with 1c USD
Nonetheless, it does seem like BTC will continue to be digital gold. With that said, it's estimated that all the gold that's ever been mined in human history is currently worth in the realm of 2 trillion USD, but there's nearly 40 trillion USD worth of currency in the world. I'm not sure if it makes sense to expect a similar ratio of primary store of value to active currency in the cryptoverse, but it seems like a reasonable starting prediction.
Yeah, I agree, although I'd put a caveat with the framing. In terms of speculative investing today, it makes sense to think of BTC and ETH/other alts as rivals, with the one with the highest market cap/value per coin at some fixed point in the future being the "winner," but functionally I think BTC simply fills a different role from ETH and many other alt coins.
I'm not interested in the value, only the potential growth. If $ADA only has room for 100% growth from here, while $BTC has room for 2000%, then $BTC is the better long term investment. idk if it's fair to say $ADA can only get to $2, but it seems to me in order to do so it needs to significantly close the gap on $BTC in terms of market cap. I suspect $ADA has better short term prospects than $BTC though.Quote:
Originally Posted by boost
The values are important for daily function though. Normal people won't want to spend a coin that's valued in the $1k+ because it's not as simple to understand the numbers at a glance. You don't need to count zeros to know you're looking at $1000, but you do need to count zeros if you're trying to decide if 0.00001 BTC is a fair price for a can of coke. So the value does have relevance, in terms of common use.
This is still only 100x and within natural grasp.Quote:
Ofc it feels crazy to us that an average entry level sedan costs 3-5mm units of currency, but that's the case in Japan with the Yen trading at ~105:1 USD. The thing is, it's normal to the Japanese.
I guess breaking it up into cents dimes and quarters and whatnot will help.Quote:
With BTC, we're dealing with the opposite-- the same car is worth somewhere around .625 BTC. But already it's common to count BTC in Satoshi's or Sats, the smallest divisible unit of BTC, which is a millionth of a BTC. There are ways to further break up sats, but for context, BTC would need to reach 1mm for a sat to reach parity with 1c USD
Fiat is no longer built on gold, but it's still crazy to think how much Monopoly money there is in circulation. The funny thing is, lots of people dismiss crypto as Monopoly money, but it's built on more solid foundations than fiat. I think crypto is the end of fiat. It will take a decade or two, but this is the beginning.Quote:
With that said, it's estimated that all the gold that's ever been mined in human history is currently worth in the realm of 2 trillion USD
As Boost said, I doubt this will be an issue. I've already once switched over from one currency to euro, and it didn't take long to start thinking about prices in euro without a need for conversion. Same with spending any extended amount of time abroad, you quickly get used to the local currency. People will adapt quickly.
https://www.youtube.com/watch?v=ZGd6O79_MOc
handy video explaining a lot of the concepts
and another
https://www.youtube.com/watch?v=o2v5eGQqU8U
your uncle will be dead soon.
banana?
I've changed strategy. I'm all in on $DENT. Currently $0.00135, I have nearly 150k of them and will add more in the coming months. A market cap of £100b (half of Ethereum now) would value the coin at $1. I don't think that's unrealistic for ten years maybe, if they continue to develop.
What makes them special? They are the first movers (I think) in a global mobile phone service that will eliminate roaming, and allow you to trade unused minutes from your contract. They already have 25 million people signed up to access their services. The coin will be used to send or receive payment for transactions on their exchange. The coin is already used for this, it's up and running.
0.135 cents
This is the shit I want in on.
This thread will be really entertaining to read in the future. Perhaps painful, but entertaining.
You've changed your mind 480 times in the last week.
a) I'll change it again lots of times, too
b) I'm HODL
Not sure which is the correct answer yet.
Fuck me an actual compliment. Thanks.
I'm down $15 since I made that post though.
Also hi spoon.
I mean I'm literally just getting into crypto now, this month. I've ignored it for a long time. Five years ago you think you've missed the boat, then five years later you realise that the vast majority of people still think crypto is a joke, which means there's still plenty of boats waiting.
idk if $DENT has a future, but their model seems pretty good to me. I will definitely be keeping en eye on their progress, not just in terms of crypto value. Worst case scenario right now is I lose $200, most of which I won playing poker. If I hadn't spent this money on crypto, I'd simply have more weed. So it's definitely worth the risk.
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level 1[COLOR=var(--newCommunityTheme-bodyText)]BOS5Man
1 year ago
There are a LOT of scam coins in crypto, some already shuttered after being found out it was a scam, some currently still operational (like Dent token) and some we aren't aware of yet.
Dent the company itself is doing a good job, they are doing what they wanted, Dent the token is being used by the Dent team as a personal piggie bank. They sell BILLIONS of tokens a week to Binance for BTC. Then when BTC will go up they'll profit BIG time.
Dent the token is definately a scam. The plan by the team for the token has always been to use the token as their way to make money on it by trying to convince people that the token will be of value in the long term while knowing as soon as the price goes up a bit the team would sell HARD. This has been the strategy of the Dent team.
The Dent token is a scam, it's a dead "investment" there are no more new "investors" for Dent token because the reputation of that token and the team is so bad, very difficult to come back from. I don't trust the team, they're nothign but a bunch of fraudsters. Luckily, I actually made a profit on this coin during the May 2019 to June 2019 rally but I did so going into it knowing the team would eventually dump so I had to withdraw profits quick.
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level 1[COLOR=var(--newCommunityTheme-bodyText)]hivo2030
1 year ago
Where did all the people who continued to purchase dents a year ago went? Maybe he committed suicide. An endless basement could not have been imagined.wwwwwwww Or part-time job employed by the dent team.
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level 1[COLOR=var(--newCommunityTheme-bodyText)]10dollaris10dollar
1 year ago
thanks for this very reliable source to proof the dent is a scam
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level 2[COLOR=var(--newCommunityTheme-bodyText)]BOS5Man
1 year ago
The proof is on etherscan. They sell BILLIONS of tokens a week. On their official Dent Community telegram they try to convince people that all these great new features are coming out and that the value of the token will rise. Try to give people hope to buy. But they do this knowing when enough gullible people buy they will SELL billions of tokens and make a nice profit for themselves. That's been the Dent strategy all along. They have 25 Billion more tokens to sell. They slowed down the selling when circulating supply hit 70 billion so they can stretch out the selling into a longer time frame that would benefit their plans most. By end of next year Dent will most likely reach 100 billion in circulating supply and the price will be 0.00001 (LOL). This year they added almost 50 Billion tokens into circulation, killing the value of the price by team dumping Dent tokens.
Dent token is unofficially dead but dead.
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I just found that reddit thread doing my own research on this. I can't seem to find any recent criticism though. And I'm sure if I tried hard enough I could find someone claiming every coin as a scam.
I don't really understand why them selling tokens is a problem. The development of the service seems to be what matters the most. If some of them are cashing in on their assets, that's their business.
Are there any credible allegations of illegal activity?
I found some claims that people who buy coins from the app are buying from the uncirculated supply, not investors, which at the time was the majority of the tokens, but now the circulating supply is 90%, so I don't see this being a problem going forwards. Each token is equal.
The question for me is, does this company have a future as a big player in the global digital mobile phone market? If so, their token will surely increase in value as demand increases.
What I find confusing is that the "market cap" of crypto seems to be a major draw, and it's a common criticism crypto guys have of fiat currencies is that world banks control the amount in circulation, but I don't understand how a currency is supposed to be adopted that has a market cap. Deflation is super bad for a currency because why trade something that increases in value?
When you have a market cap and your currency gets slowly adopted, it will naturally deflate, which in turn makes it unattractive as a currency.
this looks very like a pump and dump to me , when there are billions of coins in circulation and the people holding billions that they retained when the coin was created and are dumping huge quantities into the investment pipeline it doesnt say a lot for their belief in the long term value of the coins otherwise they would be holding them for when they become more valuable and it also depresses the price and short/mid term price potential as the supply of increased probably more than the demand.
Gold has a market cap, as does the dollar. It isn't a limit. The word "cap" is short for capitalisation. That is, it's the total value of the market, not the limit. Market cap grows as the price of each coin increases due to demand outweighing supply. Market cap for dollars goes up when they print more money.
idk about deflation, but if BTC is ever the world's leading currency, then it kinda becomes meaningless to say it's increasing or decreasing in value, instead you compare other currencies to it, like we currently compare everything to the dollar (or perhaps your own nation's currency). A dollar is worth a dollar. One day we'll simply say 1 BTC is worth 1 BTC.
I'm going to keep an eye on their progress. The coin is performing well at the moment, and has a lot of support. So I'm in no hurry to dump my bag yet. If the company appears to be growing, I'll see it as a good sign that my investment is secure.
I'm ok putting $200 at risk for potential gains of $100k+. If I see a better investment I'll go for it, but frankly I want potential for 1000x growth, and I'm only likely to find such coins with low market cap, which means more risk.
$100m to $100b potential, that's what I'm looking for. This coin fits the bill, and has actual real world use. People selling their coins isn't that much of a concern for me, maybe they thought BTC would perform better than their coin and their money was better off invested elsewhere. Maybe they've reinvested after making a profit. idk, but if the company is growing, so too will the crypto.
I appreciate you flagging it though, I will keep an eye on them.
You have a huge problem though ong , the major telecoms companies own the infrastructure that customers use to access the mobile network , definitely for the uk and probably the rest of the world which means that dent would have to spend billions building a worldqwide network or be buying access off the current major telecoms companies and theres no way that people are going to pay a likely higher price in a coin that no one has any idea about how to get hold of them etc when they just use their existing providers taking a monthly direct debit or a PAYG topup at the local shop.
ETH and Cardano surging 1910 and 0.91
I could've made $10+ if I was still on $ADA
Yes, the infrastructure is owned by certain companies. Not Tesco though, who I currently use for my mobile services. You don't need to own the network to profit from it.
Dent is already available in 80 countries. Of course it's still early days, you'll struggle to find someone actually using Dent for their phone services, but they exist. Dent even claim you can keep your current number.
I'm not going to pretend to know how this will all work, but it shouldn't be more expensive if you're buying data from people instead of the network themselves.
The value of the coin is irrelevant. If one coin is worth $0.01, then data will be sold based on that price, like 100 $dent per MB or whatever. If it's $1 a coin, data will be based on that price, ie 1 $dent per MB. The prices are based purely on supply and demand. If it's too expensive, supply will be greater than demand and it will get cheaper. That's how markets work.
This is without a doubt the future of mobile phones. Whether Dent is part of the future is another matter, but this model will outcompete the current one because it will eat into their profits. Do you really think you'll still be paying a monthly fee for your contract with Vodafone or whoever in ten years? If you are, the Millennials will call you a stupid boomer and laugh at your economic illiteracy.
The model is appealing, very much so. The company itself and the coin, I can't say at this moment. But I'm not crying about missing out on ADA surging 10%. I'll cry if ADA gets to $100 before DENT gets to $0.10.
I'm just looking into this more. You currently use DENT coin to purchase data from major operators around the world. The Vodaphones of the world are on board. idk about Vodaphone themselves, but they name companies not operating in the UK, such as AT&T, Verizon, Movistar and Telcel.
The major players are part of this project, probably because they know they need to adapt in order to survive the changes to the market that will take place in the coming decade.
Is Cocco a millionaire yet?
No immediate threat of that happening.
You still hit the problem that most people will still stay with the names that they know and trust for mobile communications than risk playing about with an unknown provider and paying with a single purpose payment method. Dent are effectively just a reseller of the main telecommunications players products and they will be heavily restricted by them on what they can charge and the margins they operate under.
You have to convince the millions of poops that their money is safe and they will still be able to ring who they want.
not an easy task.
No it's not an easy task, but GiffGaff did exactly this. And they are just another service provider, they aren't offering something unique.
I think you're missing the point. Dent don't charge for data. They provide a marketplace for people to buy and sell from each other without a middle man. Dent don't decide how much data sells for, the buyer and seller are the only ones who decide this. So O2 and Vodafone don't get to set the prices.
And it's not about the poops of the world. Poop is probably older than I am. This is about the younger generation who understand technology better than we do. The kids are the people most likely to see the benefits of this kind of economy. They're the ones who will say "O2 is for boomers". They're the ones who will drive the evolution of communications, while dinosaurs like me and poop stick with what we know and trust, even if it costs us more.
I mean, this kind of service isn't for me. I am on PAYG and top my phone up rarely. I don't use it. But if I were someone who travelled a lot, and used my phone while travelling, or someone who regularly paid for minutes I didn't use, I would definitely be interested in this kind of service, and if Dent are the only ones offering such a service, they will likely get my custom.
I'll be worried if another company with the same model is outperforming Dent.
you're still relying on the original providers catering for unused minutes to be traded by their users for no benefit to them. it will be relatively easy for them to bring out a better tiering of data/minutes to cater for users needs which will wipe out the use case for Dent.
Something you may find more useful would be to follow https://www.youtube.com/channel/UCje...AzA-95RKoy9n_g this guy . some of the "undiscovered" gems may get you critical mass where you can invest for the longer term. some of the market analysis and his 1k to 10k may also interest you .
I think they'll be taking a cut of each transaction, like 0.5% or something. There must be profit in it for them somewhere.Quote:
Originally Posted by keith
I'm keeping an eye on it. It's a better investment than $DOGE, I can tell you that much with confidence. I think it's riskier than $ADA, $DOT, $LINK, and $ETC, but it has a lot more room for growth. If I see any reason to pull out, I will, especially if I'm in the green. For the time being, I'll watch their development, while looking for other opportunities that appeal.
Thanks for the rec, I'll sub to him and give him a go.
wouldnt just blindly buy what he says .. check how his past picks are performing etc . he claims to be the largest crypto youtuber ....but to a certain extent he can be his own wall street bets type thing because of the channel size and timing when to get out may be as important as when to get in .
Ong I suggest that for every crypto you're interested in you roll a die. It comes up 1-3 you sell, 4-6 you buy. That's GTO investment baby! You can't lose (theoretically)!
Are you suggesting he won't have a coin to flip? Harsh.
burn
$DENT had a breakout today, it hit a major sell wall at $0.0015, we're now back in the $0.0013 range.
Of all the coins I've flirted with, $FTT is performing incredibly right now, 20%+ on BTC and still rising, with BTC itself is outperforming the dollar by 7%. But most others, including $ADA, not really doing much. I'm happy on $DENT right now. Once we break that wall we're getting somewhere.
$BNB is making me sick.
6x in two weeks.
Fuck you.
ada almost the 1$
Dot booming
$ADA has improved around 5% since I posted. But so has $DENT.
$DOT I did have one, but now I don't. That's where I'll go if I ditch the $DENT. Or $FTT. Or both.
Lots of people seem to think $LUNA is due a breakout, but people on Twitter say that about whatever coin they're holding.
$LINK is another I'm keeping an eye on.
I'm sleeping on $DENT though, hopefully I wake up to +20%
Attachment 1192
Conversation with the boss last night . when i bought dot and cardano , raven was .022 been watching ravencoin since .......hit .16 this morning so almost doubled overnight
$DOT now $40+, $ADA has passed $1... $DENT booming as well so no tears here.
$DENT just broke that $0.0015 sell wall
Fuck yes
I may be wrong, though I don't think I am. Those "sell walls", "resistance lines", "support lines" and all the rest related to those analytical looking charts on youtube videos are absolute bs.
To a degree, maybe you're right. But if someone puts an order at x price to sell 14 million dent, it's going to take a lot of purchasing to break that wall.
I do see a lot of movement in these "walls" though. Not in this case, but in other cases, certainly. I think some whales like to give the impression there's resistance, for whatever reason, or they like to make it appear there is more action than there actually is. I see it a lot of betfair, too, where the market is really stagnant but there appears to be lots of action as prices change. It's whales using psychology to induce fish to panic sell or buy.
$DENT is giving me a boner today, I'm up around $50
huge BTC sell off today dragged prices down across the board and then huge altcoin buying spree.
Ong is gonna cry .......ADA went to ).15 on kraken, ETH went to 700 and then recovered . Rumours that buy orders were suspended though on kraken. similar to what happened the weekend before
major market manipulation accusations with people buying on margin getting their positions liquidated with the price movements as price went through their stop losses
Why would I cry? $dent is outperforming $ada over 48 hours. Current prices $ada = $1.02 (+10%) with $dent = $0.002 (+50%). Over 24 hours $ada is doing a little better, it's riding this storm, but I'm happy where I am.
These swings are not a problem if you're HODLing. I'm not interested in selling the highs and buying the dips, too stressful for minimal gain and a fairly large risk. I'm interested in long term growth. I don't panic when I see the markets crashing, it's to be expected. They will recover.
There's rumour (very much unconfirmed) that Starlink are going to partner with Dent Wireless, if that happens then that will be very good news for me.
lol shitcoin
lol ISAs
lol savings accounts
crytos are like PLO. No-one really knows how to play and the variance is so huge you wouldn't know if you did know how to play or were just a luckbox.
You understand as much about crypto as I did about three weeks ago. Which, in fairness, isn't much less than I understand now. But your naivety is clear here.
Crypto represents the greatest transfer of wealth from elite to the average person as you could possibly hope to see in your life. Fiat's days are numbered. The sooner you get your savings into bitcoin, the more wealthy you'll be in the 2030s.
I was careful to say bitcoin there. Any other coin is much riskier at this stage. But market leaders will emerge. $ada and $dot are probably the best options after $btc.