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    Home Unlabelled Crypto Currency Markets Weekly Discussion Megathread - March 7, 2021 (GMT+0)

    Crypto Currency Markets Weekly Discussion Megathread - March 7, 2021 (GMT+0)

    March 07, 2021

    Crypto Currency Markets Weekly Discussion Megathread - March 7, 2021 (GMT+0)

    Weekly Discussion Megathread - March 7, 2021 (GMT+0)

    Posted: 07 Mar 2021 06:00 AM PST

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    submitted by /u/AutoModerator
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    Software Firm Meitu Buys $22M of Ether, $17.9M Bitcoin for Its Treasury

    Posted: 07 Mar 2021 11:59 AM PST

    We were somewhere around Barstow, on the edge of the desert, when the Dogecoin began to take hold.

    Posted: 07 Mar 2021 02:00 PM PST

    India wants to open window for cryptocurrency experimentation

    Posted: 07 Mar 2021 08:48 AM PST

    I mean, change is good right?

    Posted: 07 Mar 2021 06:01 PM PST

    Market Cap, Coin Supply and how Crypto noobs can use basic math to find better investments for their long HODLs

    Posted: 07 Mar 2021 02:44 PM PST

    After commenting on a totally shill post about Stellar (XLM) here today I thought this would be a good reminder to Crypto noobs (like myself) about why some cryptos are impossible to achieve a 10x return in the short term, even if the price is 25 cents.

    If you are new to crypto, you need to look at a few things that are just as important or more important than the price of the coin...market cap, supply and max (max supply). Many apps like Crypto Pro will give you all this info as well allow you to create a favorites list that you can build so you can have an overview of your holdings and your investment picks.

    So why is this important. Let's use Stellar to give an example. The market cap at the time of this post is $9.2B, the supply of coins is 22B and the max when they are all released is 50B. If the price of this coin right now is $.42 then that means that in order for it to reach $1 and stay at $1, you would have to multiply the market cap by a little more than 2...giving a market cap of around $22B. To reach $5, you would have to multiply the market cap by 12 to get somewhere around 110-120B valuation...3rd only to ETH and BTC...that's a ridiculously unlikely scenario any time soon.

    Now the added complexity...the TOTAL coin supply is 50B! So as your investment grows, it's going to dilute by a factor of over 2x. So even if you magically make $1 coin price in XLM now at a $22B market cap valuation, when all 50B coins are done being released, that would mean that either the market cap goes up to $50B or the much more likely scenario would be that the price of your investment dilutes and may not be able to hold the $1 value per coin.

    Final point, I understand that the Crypto market as a whole will grow and that 20B market cap valuation for Stellar, if it does well as a company, won't be impossible...but the new investors need to understand this basic math to keep from getting hyped on a 10-100x return on a company that is already sitting at a $9B valuation within a matter of months or even years.

    Use this kind of approach to find solid companies that are good investments in the long term (hopefully with some room to grow) without thinking they are going to moon in the short term, getting swept up in overly hyped bull market sentiment.

    Thank you coming to my Crypto noob Ted Talk.

    (If I am totally wrong about something here, I would love insights from the Crypto pros what I am missing)

    submitted by /u/sureMOEDesign
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    Venezuelan Enables Citizens To Buy Crypto with Stimulus Funds

    Posted: 07 Mar 2021 12:01 AM PST

    Whales loading up

    Posted: 07 Mar 2021 07:33 PM PST

    So I'm curious, and wondering if someone has some logical input. I read today that whales have been dumping eth and other crypto for Enjin coins. I'm lost when it comes to gaming coins. What is the big picture here that I am missing.

    submitted by /u/ourgeneration_777
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    Cosmos with some ambitious developments this year.

    Posted: 07 Mar 2021 06:35 PM PST

    Bitcoin’s Market Cap More Than Visa, JPMorgan, Facebook, Tesla

    Posted: 07 Mar 2021 06:59 AM PST

    Peter Brandt Claims Bitcoin Will Trend Higher

    Posted: 07 Mar 2021 02:52 PM PST

    UNI Becomes First DeFi DApp Token In Top 10 Cryptos

    Posted: 07 Mar 2021 09:37 PM PST

    Hoge Awakens

    Posted: 07 Mar 2021 04:29 PM PST

    “I have just turned my 800 BNT reward into another investment position, with almost 200% APY”. What is the BNT token what it used for, and how to farm it

    Posted: 07 Mar 2021 01:06 AM PST

    Results of 3 weeks of BSC Yield farming

    Posted: 07 Mar 2021 07:31 PM PST

    Gemini Launches Crypto Fund Services for Fund Managers

    Posted: 07 Mar 2021 03:35 PM PST

    When the bull flag is so obvious that you can do TA on coinbase

    Posted: 07 Mar 2021 07:03 PM PST

    So this is the rollercoaster

    Posted: 07 Mar 2021 05:47 PM PST

    Made some bank on my hodlings. I want to use a portion of it to attempt some trading.

    Posted: 07 Mar 2021 12:23 PM PST

    I put an undisclosed amount of money into various coins in 2019. It was an amount of money that I was willing to lose.

    It turns out it has now multiplied by 20x. I want to take a small chunk of that to attempt to make some trades. Even a daily 1% profit would net me a great supplemental income. I know this is entirely possible as I have watched many other people do these types of trades daily.

    The problem is that youtube is saturated with so many instructional videos but none of them seem to have real information on how to learn to read the charts and they drag on and on about the youtubers opinions of currencies and there is just a lot of BS.

    I'm lookong for legit instructional videos or websites that will actually teach good info. Accepting recommendations.

    Otherwise, I can afford to put my trust in someone who knows what they are doing and I know these trade call discord/telegrams are usually BS but if there are any groups that do legit trade calls that may only work if you are using a larger sum of money, I would be into looking into that as well.

    Any other recommendations on how to utilize a good chunk of change would be great. The other 90% of my holdings is staked and held in blockfi and celsius so it is earning passively.

    I am just looking for a way to play around with this 10% in order to learn the tricks of trading. Thanks

    submitted by /u/Stormhair
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    Which one is better for lending De-Fi?

    Posted: 07 Mar 2021 08:40 PM PST

    Doge is not going anywhere����

    Posted: 07 Mar 2021 07:42 PM PST

    Bitcoin Replacing Gold in Portfolios, Next Target $100,000 – Bloomberg Report

    Posted: 07 Mar 2021 02:44 AM PST

    With a weak currency and a high inflation, Nigerians adopt bitcoin and government declares war

    Posted: 07 Mar 2021 03:35 PM PST

    10 Reasons to Buy and HOLD XLM Stellar as soon as you can, before it Skyrockets very soon:

    Posted: 07 Mar 2021 10:45 AM PST

    Top coins according to trend and momentum indicators March 7th

    Posted: 07 Mar 2021 01:53 PM PST
    Read more
    at

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