Cryptocurrency More than 35% of US Dollars Ever Printed Were Created in 2020. This Demonstrates An Important Need For Bitcoin And Other Deflationary Assets |
- More than 35% of US Dollars Ever Printed Were Created in 2020. This Demonstrates An Important Need For Bitcoin And Other Deflationary Assets
- New to crypto? Here is my long-ass-write-up of Top 10 cryptocurrencies with PROs and CONs for each of them so you can decide what to put your hard earned money in easier
- Fear + Greed Index at "Extreme Fear" - People are panic selling....so we buy, right?
- Miami becomes the first main U.S. city to introduce a decentralized indoor and outdoor air-quality monitoring network built on the Algorand blockchain.
- Is it possible that “bull” and “bear” markets simply no longer apply to crypto?
- I did it, I FOMO’d hard into CRO because of the dip
- Newish to crypto. Is this what a bear market looks like?
- India “changes voice” on cryptocurrencies, will regulate instead of ban
- HOPIUM : It doesn't look like there's a great degree of severity to Omicron so far: Dr Fauci.
- Why I remain bullish on crypto
- Goldman Sachs considering offering Bitcoin-backed loans
- Is there any conceivable scenario in which crypto could fail to continue into mainstream usage?
| Posted: 05 Dec 2021 06:19 PM PST
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| Posted: 05 Dec 2021 03:53 PM PST We have recently reached over 4 million users in the r/cryptocurrency which is nothing short of amazing. There has been a big influx of new users to this sub and as such I wanted to contribute something that will help those who are new to cryptocurrencies to understand a bit more about top 10 cryptocurrencies by researching the PROs and CONs of each of the top 10 crypto coins. For obvious reasons I skipped the stablecoins. Are you new to crypto? Welcome! Veteran trader with no emotions left? Welcome bud, have a seat and light up that cigar. This took a long time to research and write-up everything so if you enjoy it, I appreciate your feedback. Alright, bring your cocoa and get cozy, Papa is ready to tell you about these bad boys. Let's start from the top; #1 Bitcoin - BTC The grand-daddy of crypto. The biggest and the meanest. The all-father. +It is the biggest and most stable crypto out there, everyone knows it and the community that supports it is the largest. Institutions, funds and companies hold BTC and the number of them is increasing every day. +Safest bet in cryptoverse and only 21 million of BTC will ever exist. A lot of that BTC has been lost forever and as such illiquid. +It's a synonymous with the word crypto and digital gold for a good reason. It's considered one if not the best store of value to hedge ever increasing inflation! -Movement is sometimes slower than altcoins. -Transactions are slow and can get pricey even though Lightning network updated is trying to fix the scalability issues at the cost of -Smaller potential for high returns --------------------------------------------------------------- #2 Ethereum - ETH The original altcoin and second biggest crypto right after BTC. +Insane support for dapps, smart contracts, defi and so on +Good support even in dips +Very good support in community -We are still waiting for full Ethereum 2.0 release -Transaction fees can get outrageous, be vary when transferring to wallets -Other altcoins are slowly gaining on ETH in terms of tech, smart contracts and other aspects --------------------------------------------------------------- #3 Binance Coin - BNB Utility token that wanted to become more +Big popularity among Binance users and others +Fast transactions, low fees and constantly getting burned which lowers supply cap +Allows cross platform usage with Binance Smart Chain (BSC) -Centralized AF -Binance is a Chinese led company which is a concern on it's own -BNB is almost a complete copycat of Ethereum and has had very few new developments over the years. --------------------------------------------------------------- #4 Solana - SOL Recently Solana has shoot up the charts and claimed the 4th spot. Good base with a solid ecosystem and a bright future. Pun intended. +Solana Ecosystem is extremely fast and efficient +The fees are extremely low, typically costing 0.000005 SOL, or about $0.001. +It successfully hosts over 250 applications on its ecosystem and an unique Proof of History system. -Very centralized which showed nicely on Sep 14, when team took down the network due to technical issues. Also heard in "D in Solana stands for decentralized". -Proof of History consensus is still in early stage of development and hasn't been tested as much. Number of validators is low and has some really BIG whales. - Same as other PoS systems it's typicalls prone to micro transaction attacks like Nano in 2021. --------------------------------------------------------------- #5 Cardano - ADA Child of Charles Hoskinson which has been growing steadily despite recent dips. Recently implemented long awaited smart contracts. +Super easy to stake it and reap rewards with Yoroi and its DPos staking buit in right in the app! +Cardano has support for native tokens without any need for smart contracts meaning that you don't need to pay for gas fees on it's network. +Cardano has a massive support from the followers and Charles is a very likable face of ADA. -Recent smart contract upgrade didn't live to the hype. -Cardanos main thing was cheap and fast transactions which many of the other PoS coins now have and more. -Staking on Cardano is great but competitors like DOT take it to a higher level. --------------------------------------------------------------- #6 XRP - XRP The good ol XRP which SEC is still trying to take down and keeps failing at every step. +Close to 0 transaction fees (0.00001 XRP per transaction)) and super low environment impact with low energy consumption +It still has a MASSIVE fanbase despite SEC fiasco and large organizations support it +There is a lot of talk about XRP becoming a big gaming-oriented currency (unreliable sources) -The lawsuit. -Big market supply that was pre-mined by Ripple. -There are many competitors that do most of what Ripple does with better tokenomics. --------------------------------------------------------------- #7 Polkadot - DOT Let's Polka! Very popular crypto nowadays with their recent release of crowdloans. +It's already solving the scalability problem faster than ETH is! Excellent transaction speed and very low price. +Amazing support by the developers and superb PoS consensus with crowdloans +Amazing ecosystem that hosts over 490 projects that are built on Polkadot -Crowdloans are locked for 2 years on DOT which is a LONG time in crypto -Same as other PoS systems, there are WHALES and a lot of them. -Absolutely foolish system of having to keep minimum 1 DOT in wallet to keep it alive . Also not very newbie friendly due to the massive amount of options that they give to users. (You can also count that as a PRO if you are experienced). --------------------------------------------------------------- #8 Terra - LUNA A very hot L1 project that you probably heard about LUNA recently when it started it's rocketing to the...LUNA? +Fuels whole Terra network and supports Terra stablecoins and payments. And Terra has a really deep wallet and they are using it to support their project. +Allows swapping of stablecoins which makes Terra awesome for cross border payements. The Mirror and Anchor protocols on Terra are impressive. +LUNAtic community of supporters and some big names of the industry world -Stablecoins are not backed by cash so it can crash the price of LUNA. Regulation on stablecoins can affect it. -Regulators be eyeing Terra like (≖ ͜Ê–≖) -Tokenomics are sketchy and we still don't know how exactly that went down back in the day --------------------------------------------------------------- #9 Avalanche - AVAXThe fastest smart contracts platform in the blockchain industry. +Easy porting of Ethereum Dapps or even other blockchain to AVAX +Good decentralisation, low fees, superb customization +Latency or "finality" of Bitcoin is 60minutes, Eth is 6 minutes but Avax claims sub 1 second finality that is completely irreversible and has ability to process 4500 TPS! -Recently AVAX got overwhelmed by the sudden rise of users and the fees went almost ETH levels. -Not as many projects built on AVAX compared to others on this list and staking options are odd and unflexible. Poor user experience and newbie unfriendly. -Some people argue that AVAX security is poor since they dont enforce shared security across the network unlike Polkadot. --------------------------------------------------------------- #10 Polygon - MATIC Polygon or formerly Matic is a L2 scaling solution on ETH network. +Enhancing ETH network with its solutions = ETH with cheap gas fees!!! +Good support of the fanbase and strong DeFi integration support +Extremely low fees (you get enough MATIC from a faucet to perform 10 transactions!) and great TPS on sidechains -There is a doubt that Eth 2.0 could make it obsolute (Vitalik denied that though) -Long, long, loooong accumulation time which put off some people from investing in Matic -Many L2 competitors such as Loopring, Arbitrum (which our moons run on), Optimism and so on --------------------------------------------------------------- This is it guys, Top 10 cryptocurrencies summed up! I've been researching for a long time and it took a few hours to write this up and try to present the pros and cons in an understandable way. I very much hope this write-up helps you and if it did, I highly appreciate your feedback. It helps immensely with my motivation to keep writing posts like this. Any thoughts, recommendations or anything are more than welcome :) Have a superb start of the week my people! Let's wake up into green. [link] [comments] | ||
| Fear + Greed Index at "Extreme Fear" - People are panic selling....so we buy, right? Posted: 05 Dec 2021 08:23 PM PST With the Omicron variant causing stirs, and yet another story of Tether printing over a billion dollars overnight, its fair to say tensions are high as the prices have been bleeding slowly after some glorious pumps in OCT/NOV. The pumps can't last forever though, and corrections are healthy - so do you hold onto your FIAT and see what's going to happen? Or do we buy up the dips? "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffet -- although the man isn't a fan of cryptocurrencies, his statement still resonates well. We are currently sitting at 16, or ''extreme fear' on the index, and although its not a sure-fire way to analyse the market, it's really helped me time my buys. If you've not seen it before, check out; The Crypto Fear + Greed Index Sometimes a different perspective is all you need. Zoom out and breathe - we are here for a long time not a good time! Aside from the massive drop we had, we are still doing well for the year. Sometimes a healthy zoom out is required to really put things into perspective. Am I concerned about all the news that's come out? Not really, FUDders gonna FUD, and until crypto gets the mainstream adoption it deserves, there will always be parties trying to shut it down. Who else has been buying up these recent dips? I know nobody knows what's next in this wild world of crypto, but what I do know for sure is my mama aint raise no paper handed bitch! [link] [comments] | ||
| Posted: 05 Dec 2021 09:59 PM PST
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| Is it possible that “bull” and “bear” markets simply no longer apply to crypto? Posted: 05 Dec 2021 08:44 PM PST Every spike it's "bull market" this or that, and every crash it's "bear market" blah blah. In the past we've definitely had clear bull and bear markets at various times, but when you look at the past year or so things have been far too erratic to call any of it "bull" or "bear" market. A run maybe, but not a market. Bull markets and bear markets are terms that were created for the stock market, not for crypto. Sure they've worked for crypto too so far, but crypto is new and evolving, and the ways it's markets work are still growing and finding their own patterns. We've seen crazy new all time highs in the past year or so, but we've also crashed dramatically from them. More than once. Maybe we've reached the point where crypto has simply become too erratic and too different from the stock market and the patterns we're all used too for us to keep trying to conceive of it in old ways. Maybe we need to stop asking "is this the bear market?" at every dip or crash and stop wondering "how long will this bull market last?" at every peak? Maybe it's become more nuanced than that, and we need to start accepting that nobody knows shit about fuck and anything could happen at any time, always. It's a new paradigm. A new game. Old patterns don't necessarily apply any more. Every day in this market is a complete unknown, and any attempt to conceive of the market as a whole according to old and familiar patterns has the potential to lead us astray. It's worth repeating: anything could happen at any time. Seriously. This could be the start of a long hard multi-year crypto winter, or we could theoretically still hit 100k btc by end of year. (Highly unlikely, yeah, but this is crypto. Anything could happen.) Nobody knows shit about fuck. Time to accept that fact, let go of outdated and limiting ways of thinking, and continue to venture boldly and blindly into the unknown. After all, isn't that what we all do best? edit: as I said in response to someone below, I guess the real question is: how long does a run need to be for it to be considered a "market"? I have always thought of a bull or bear market as at least a couple of months, and bull or bear runs to be extreme jumps in either direction, and the rest to just be good ol' erratic crypto. Others in the comments seem to view it differently though… Is this just another issue that boils down to different definitions of words? [link] [comments] | ||
| I did it, I FOMO’d hard into CRO because of the dip Posted: 05 Dec 2021 05:17 PM PST I bought near the all time high 2 weeks ago now it is selling for much less. I put so much into it at the all time high I should of known it would drop. Now i'm at the point where I have to go all in because i've invested so much near the all time high. I wanted to DCA so I invested more of my savings because I believe it will rise. If not, well I guess i'm stuck with CRO forever. Wish me luck! I wish all the other CRO holders who bought near the top luck as well🙌 What are you doing in this situation? [link] [comments] | ||
| Newish to crypto. Is this what a bear market looks like? Posted: 05 Dec 2021 05:31 PM PST I started a bit before May. So I've seen a few big corrections usually followed by somewhat steady growth leading to another correction. This feels different. It feels like the corrections are the same but less growth before yet another correction/crash. I don't see a need to sell my crypto anytime soon so I'm just looking at this as a way to buy more of the projects I'm interested in. But what would you say officially signifies a bear market? How long does the trend need to be going downward to say hey this is the bear market people have been talking about? I'm thinking my strategy for an actual bear market is to hit Bitcoin and eth much harder and stuff keep holding and staking the alt coins I already have. Any thoughts on that? EDIT: My question is poorly worded as I think it should have been more along the lines of "is this how a bear market starts?" I've gotten some very good input though it's much appreciated! [link] [comments] | ||
| India “changes voice” on cryptocurrencies, will regulate instead of ban Posted: 05 Dec 2021 09:15 PM PST
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| HOPIUM : It doesn't look like there's a great degree of severity to Omicron so far: Dr Fauci. Posted: 05 Dec 2021 10:43 PM PST
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| Why I remain bullish on crypto Posted: 05 Dec 2021 11:43 PM PST Every time the price dips, the bears come crawling out of their caverns. We could even call this a crash, dump or what ever. Does it change anything for the HODLers? I unless you need to get out for some reason, no. I dont care about all the articles screaming about a 100k BTC or a 500k btc, neither about youtubers telling you the same thing. Even if we go through a 4 year old bear marked or whatever, I really dont care. For the average investeror, price fluctuation doesn't really mather if you just want to HODL. It's a lot of psykological pressure involved, expecially if you're in it to get rich fast. I dont believe it's possible to get rich fast for most people, but crypto could be a hedge against inflation and I do believe crypto will continiue to grow over the next 10 years. It's hard to see red numbers, but it's not a loss before you decide to sell! What are your take on crypto? Bullish? Bearish? Neither? [link] [comments] | ||
| Goldman Sachs considering offering Bitcoin-backed loans Posted: 05 Dec 2021 11:28 PM PST
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| Is there any conceivable scenario in which crypto could fail to continue into mainstream usage? Posted: 05 Dec 2021 07:39 PM PST The obvious scenario that many people will cite is the potential for crypto to be completely criminalized among world powers, but in my mind that is not really possible at this point because there are just too many projects being built serving so many different needs and some of the world's most powerful people are investing into these. The law cannot go completely against what real power wants it to. Plus it is very hard to police. I think China is going to eventually find that they need to embrace crypto. They have a highly controlled internet, which blockchain technology would disrupt. What else could happen? [link] [comments] |
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